Eutelsat Group (ETL) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Eutelsat Group €3.60, price €4.20, upside -14.4%, quality 25 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range €3.02 – €8.84 · fair‑value band €2.22 – €4.97 · the €4.20 price screens above the €3.60 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Eutelsat Communications S.A., together with its subsidiaries, operates telecommunication satellites. It operates geostationary satellites with a low Earth orbit constellation satellites. The company provides capacity for video, fixed and mobile connectivity, and government services.
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Eutelsat Communications S.A., together with its subsidiaries, operates telecommunication satellites. It operates geostationary satellites with a low Earth orbit constellation satellites. The company provides capacity for video, fixed and mobile connectivity, and government services. It also offers maritime and in-flight mobility services; and technical support services, as well as earth stations services to assist prospective users. The company provides its services under the Eutelsat brand directly or through distributors. It serves satellite-based video, business and broadband networks, and mobile services mainly to international telecommunications operators and broadcasters, corporate network integrators, companies, telecom operators, and government agencies in France, Italy, the United Kingdom, rest of Europe, the Americas, the Middle East, Africa, Asia, and internationally. Eutelsat Communications S.A. was founded in 1977 and is headquartered in Issy-les-Moulineaux, France.
Stock analysis
Eutelsat Group (ETL) currently trades at €4.20, while our model-based Fair Value estimate is €3.60, implying the stock looks roughly 16.8% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €4.80 per share, and 1 of the 5 models we run sit above the €4.20 price.
Bear case: the DCF Models group reads lowest at €0.6300, and 4 of the 5 models stay below the price. Evidence for this calculation is low.
Scenario range: €2.22 (bear) to €4.97 (bull), the price of €4.20 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 25/100 (below-average quality), in the Communication Services sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Eutelsat Group reported revenue of €1.2B in FY2025 versus €1.2B in FY2021, a compound +0.2%/yr. Reported net income was −€1.1B in FY2025.
Key figures
Market cap €4.9B · P/S ratio 4.02 · EPS (TTM) €−0.7600 · Dividend yield 0.0% · Net margin −87.0% · Return on equity −12.9% · Return on assets (EBIT) 0.6% · Operating margin −8.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 2% below its 52-week high and 26% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 47% fair-value upside, at −14%, ETL screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (€0.0100 to €4.80). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear €2.22Fair Value €3.60Bull €4.97
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.4/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+2.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−0.5%
Start year 2020 (pandemic). Over 10 years: −1.7% a year
Revenue growth 19 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.4%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
38.3% (2020) → −73.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
News mood ⓘNews mood, the average tone of recent news (23 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Very negative
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Telecom Services · 250 stocks
Beats the industry median on 0/11 measures
Overall it trails its industry peers.
Valuation
Quality Score25 · Bottom 25%
Fair Value upside−14% · Below median
Profitability
Return on assets−1% · Bottom 25%
Net margin (TTM)−36% · Bottom 25%
Operating margin (TTM)−8% · Bottom 25%
Growth and dividend
Revenue growth−2% · Below median
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity0.96× · Above median
Valuation Multiplesvs Telecom Services median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Eutelsat Group Fair Value". https://www.fairvalue-calculator.com/stock/ETL
Frequently asked questions
Is Eutelsat Group (ETL) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of €3.60 versus a price of €4.20, about −14% upside (overvalued).
What is the fair value of ETL?
Our model-based fair value for Eutelsat Group is €3.60 (as of Sep 24, 2026), built from audited fundamentals. The current price: €4.20.
What is the quality score of ETL?
Eutelsat Group has a Quality Score of 25/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Eutelsat Group (ETL)?
Our model-based price target is the fair value of €3.60 (as of Sep 24, 2026) from 5 valuation models. Cautious scenario €2.22, optimistic scenario €4.97. It is a calculation from audited fundamentals, not an analyst target.
What is the Eutelsat Group stock forecast for 2026?
Our models put fair value at €3.60, about −14% upside versus a price of €4.20 (overvalued). Cautious scenario €2.22, optimistic scenario €4.97. The calculation is refreshed regularly with new filings.
What is the revenue of Eutelsat Group (ETL)?
Eutelsat Group reported trailing-twelve-month revenue of about €1.2B (latest available figure, as of Sep 24, 2026).
Does Eutelsat Group pay a dividend?
Eutelsat Group currently shows a dividend yield of about 0.02% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Eutelsat Group (ETL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Eutelsat Group it is €3.60 per share (as of Sep 24, 2026), against a price of €4.20. It is the blended result of 5 valuation models (cash flow, earnings, asset, dividend).
Is Eutelsat Group stock overvalued or undervalued in 2026?
As of Sep 24, 2026, ETL trades above its calculated fair value: price €4.20, fair value €3.60, a gap of about −14% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ETL?
No. The price is what the market pays today (€4.20); the fair value is what the company's own numbers justify (€3.60). For Eutelsat Group the two are €0.6040 per share apart. That gap is exactly why we show both numbers side by side.
How much is Eutelsat Group worth?
The market values Eutelsat Group at about €4.9B (market capitalisation, as of Sep 24, 2026). Per share that is €4.20; our models calculate a fair value of €3.60 per share.
What do the bullish and bearish scenarios say about ETL?
Our models span a range for Eutelsat Group: cautious scenario €2.22, base €3.60, optimistic €4.97 per share (as of Sep 24, 2026, price €4.20). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Eutelsat Group (ETL)?
Balance-sheet figures for Eutelsat Group (as of Sep 24, 2026): return on equity −12.9%, debt of 0.96 per unit of equity. They feed the Quality Score of 25/100, which measures business quality independently of the share price.
How far is ETL from its 52-week high?
Eutelsat Group trades at €4.20, about 2% below its 52-week high of €4.27 and 26% above the low of €3.32 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of €3.60 is for.
Which stocks are comparable to Eutelsat Group?
From the same area (Communication Services) we also value China Mobile Limited, T-Mobile US, Inc, Verizon Communications Inc, AT&T Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Eutelsat Group stock attractive at the current price?
The data as of Sep 24, 2026: price €4.20, calculated fair value €3.60 (−14%), Quality Score 25/100, from 5 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ETL calculated?
We run Eutelsat Group through 5 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €3.60, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Eutelsat Group itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Eutelsat Group (ETL)?
The closing price on Sep 23, 2026 was €4.20. Our model-based fair value is €3.60, about −14% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Eutelsat Group right now?
A fairly wide model range (€2.22 to €4.97) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Eutelsat Group
How large is the market capitalisation of Eutelsat Group (ETL)?
The market capitalisation of Eutelsat Group is €4.9B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Eutelsat Group (ETL)?
The price-to-sales ratio of Eutelsat Group is 4.02 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Eutelsat Group (ETL)?
Earnings per share at Eutelsat Group are €−0.7600. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Eutelsat Group (ETL)?
The dividend yield of Eutelsat Group is 0.0%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Eutelsat Group (ETL)?
The net margin of Eutelsat Group is −87.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Eutelsat Group (ETL)?
The return on equity (ROE) of Eutelsat Group is −12.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Eutelsat Group (ETL)?
On an EBIT basis the return on assets of Eutelsat Group is 0.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Eutelsat Group (ETL)?
The operating margin of Eutelsat Group is −8.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Eutelsat Group (ETL)?
Revenue at Eutelsat Group is growing −2.4% versus a year earlier (3y avg +2.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Eutelsat Group (ETL) generate?
The free cash flow of Eutelsat Group is −€5.6M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Eutelsat Group (ETL) carry?
The net debt of Eutelsat Group is €2.6B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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