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Fountain S.A (FOU) Fair Value & Analysis

Consumer Defensive · BE · Market cap €7.8M

FS Fountain S.A FOU · BR
Price€1.30
Fair Value€2.95
Upside+126.9%
Quality55/100
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Healthy Growth
Thin margins · 2.8% net margin
Low debt · generates free cash flow
Ranks above peers (9/13)
Moderate moat 46/100
Evidence: High Range €2.21 – €3.68 Share as image

Fair value as of: Aug 6, 2026

From 24 valuation models · updated 4 days ago

Share price −1.5% over the past month.

A solid business, screening 127% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€2.21). The market is more pessimistic than our downside scenario.
  • Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

€1.83 €0.6500 Fair Value €2.95 Jul 2017 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 6, 2026.

How to read this chart

60‑month range €0.6500 – €1.83 · fair‑value band €2.21 – €3.68 · the €1.30 price screens below the €2.95 fair value. Dashed = 300-day average. As of Aug 6, 2026.

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Analysis

Fountain S.A (FOU) currently trades at €1.30, while our model-based Fair Value estimate is €2.95, implying the stock looks roughly 126.9% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Fountain S.A generated revenue of €30.3M at a net margin of 2.8%. Revenue grew 1.8% year over year. It earns a return on equity of 21.4%. Net debt stands at €4.6M. Fundamentals as of Aug 6, 2026

Our scenario range runs from €2.21 (bear case) to €3.68 (bull case); at €1.30, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 29% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -26% fair-value upside, at 127%, FOU screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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
Highest evidence
Growth DCF €3.23 €3.98 €5.10 80
Residual Income €0.7300 €0.8900 €1.52 76
Rev-Margin DCF €2.60 €3.55 €4.74 74
All 24 models by family
DCF Models
FCF DCF €3.16 €3.96 €5.24 38
Owner Earnings €2.61 €3.27 €4.33 31
5Y Revenue Exit €2.60 €3.46 €4.71 39
5Y EBITDA Exit €3.94 €5.78 €8.21 41
5Y P/E Exit €2.54 €3.36 €4.35 38
10Y Revenue Exit €2.81 €3.40 €4.01 36
10Y EBITDA Exit €3.55 €4.62 €5.76 37
10Y P/E Exit €2.82 €3.35 €3.83 35
Earnings-Based
Graham-Dodd €0.9500 €1.17 €1.31 54
EPV €1.31 €1.46 €1.58 59
Dividend Discount
Gordon GGM €1.70 €1.82 €1.99 70
DDM Multi-Stage €1.70 €1.97 €2.31 61
Multiples
P/E Multiple €2.21 €2.95 €3.68 63
P/S Multiple €1.79 €2.39 €2.98 58
P/B Multiple €1.79 €2.39 €2.98 55
EV/EBIT €3.14 €4.17 €5.19 53
EV/EBITDA €5.40 €7.17 €8.95 54
EV/Revenue €2.27 €3.20 €4.14 43
Asset-Based
NCAV (Graham) €0.3700 €0.4900 €0.7300 50
Growth DCF
Growth DCF €3.23 €3.98 €5.10 80
Rev-Margin DCF €2.60 €3.55 €4.74 74
Economic Profit
Residual Income €0.7300 €0.8900 €1.52 76
ROIC Compounder €1.31 €1.49 €1.66 72
Growth Earnings
Growth-Adj P/E €1.56 €2.23 €2.90 68

Widest divergence: Growth DCF (€3.55) versus Asset-Based (€0.4900). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €30.3M
Revenue growth (YoY) +1.8%
Net margin 2.8%
Return on equity 21.4%
Free cash flow €2.5M FY2025
P/E ratio 8.7
More key figures
Operating margin 2.8%
EPS (TTM) €0.1500
EPS growth (YoY) -82.1%
Net debt €4.6M FY2025

Figures from reported company fundamentals · as of Aug 6, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 56 · Market factors (momentum, volatility) 32

Profitability 66
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 41
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 18
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 56
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Fountain S.A. provides machines for cold and hot drinks made from freeze-dried or grain products in France, Belgium, the Netherlands, and rest of European Countries. It provides coffee and cartridge machines, and other beverages machines. The company also offers its products through independent distributors. Fountain S.A.

Full company description

Fountain S.A. provides machines for cold and hot drinks made from freeze-dried or grain products in France, Belgium, the Netherlands, and rest of European Countries. It provides coffee and cartridge machines, and other beverages machines. The company also offers its products through independent distributors. Fountain S.A. was founded in 1972 and is based in Braine l'Alleud, Belgium.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fountain S.A reported revenue of €30.3M in FY2025 versus €20.4M in FY2021, a compound +10.3%/yr. Reported net income was €839K in FY2025.

Growth Quality 87/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€30.3M
Latest YoY
+1.1%
Avg. growth/yr (3Y) 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.
+7.2%
Avg. growth/yr (5Y) 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.
+10.7%
Avg. growth/yr (25Y) 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.
−15.0%
Revenue +10.3%/yr
FY21 €20.4M
FY22 €24.6M
FY23 €29.0M
FY24 €30.0M
FY25 €30.3M
Net income
FY21 −€2.0M
FY22 −€722K
FY23 €1.1M
FY24 €1.7M
FY25 €839K

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Cite: Fair Value Calculator (2026). "Fountain S.A Fair Value". https://www.fairvalue-calculator.com/stock/FOU

Peer Group

Food Distribution · 77 stocks

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.

Quality Score 55 · Above median
Fair Value upside +127% · Top 25%
Return on equity (TTM) 21% · Top 25%
Return on assets 5% · Above median
Net margin (TTM) 3% · Above median
Operating margin (TTM) 3% · Below median
Revenue growth 2% · Below median
Debt / equity 0.17× · Higher than median

Valuation Multiples vs Food Distribution median · lower = cheaper

P/E (TTM) 8.7× · Cheaper than 75% of peers
P/B 2.06× · Pricier than median
P/S (TTM) 0.30× · Cheaper than median
P/FCF 3.5× · Cheaper than median
EV/EBITDA 4.7× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 21
FUTURE 9 · sector 14
PAST 86 · sector 36
HEALTH 92 · sector 94
DIVIDEND 0 · sector 42

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Food Distribution stocks, each showing price versus our Fair Value estimate (as of Aug 6, 2026).

Stock Price Fair Value vs Fair Value
Sysco Corporation SYY $81.69 $60.58 -26%
US Foods Holding USFD $99.13 $55.10 -44%
Performance Food Group PFGC $113.17 $37.94 -66%
Jerónimo Martins, SGPS, S.A JMT €17.68 €21.59 +22%
CP Axtra Public Company CPAXT 14.90 THB 17.04 THB +14%
The Chefs' Warehouse, Inc CHEF $95.79 $37.27 -61%
Olam Group VC2 1.33 SGD 2.12 SGD +59%
United Natural Foods, Inc UNFI $50.19 $6.00 -88%
The Andersons, Inc ANDE $79.24 $47.78 -40%
Metcash Limited MTS A$2.92 A$5.33 +83%

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Frequently asked questions

Is Fountain S.A (FOU) overvalued or undervalued?
As of Aug 6, 2026, our model estimates a fair value of €2.95 versus a price of €1.30, about +127% (undervalued).
What is the fair value of FOU?
Our model-based fair value for Fountain S.A is €2.95 (as of Aug 6, 2026), built from audited fundamentals. The current price is €1.30.
What is the quality score of FOU?
Fountain S.A has a Quality Score of 55/100. 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 revenue of Fountain S.A (FOU)?
Fountain S.A reported trailing-twelve-month revenue of about €30.3M (latest available figure, as of Aug 6, 2026).
What is the net profit margin of FOU?
The net profit margin of Fountain S.A is about 2.8%, meaning it keeps roughly 2.8% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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