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FSDV Société anonyme (FSDV) Fair Value & Analysis

Real Estate · FR · Market cap €267M

FS FSDV Société anonyme FSDV · PA
Price€18.10
Fair Value€25.55
Upside+41.2%
Quality63/100
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Strengths

Trades 29% below our fair value of €25.55
Highly profitable · 22.5% net margin
Moderate debt · generates free cash flow

Risks

!Weak Growth
!Mixed vs. peers (7/14)
!Moderate moat 46/100
!Weak on past: 28 out of 100
Weak Growth
Highly profitable · 22.5% net margin
Moderate debt · generates free cash flow
1.51% dividend yield
Mixed vs. peers (7/14)
Moderate moat 46/100
Evidence: High Range €16.05 – €31.94 Share as image

Fair value as of: Aug 13, 2026

From 14 valuation models · updated 15 days ago

Share price −2.2% over the past month.

A solid business, trading 29% below our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (€16.05 to €31.94) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

€38.81 €13.69 Fair Value €25.55 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range €13.69 – €38.81 · fair‑value band €16.05 – €31.94 · the €18.10 price screens below the €25.55 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

FSDV Société anonyme (FSDV) currently trades at €18.10, while our model-based Fair Value estimate is €25.55, implying the stock looks roughly 41.2% undervalued today. The Quality Score stands at 63/100 (solid quality), in the Real Estate 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, FSDV Société anonyme generated revenue of €71.4M at a net margin of 30.4%. Revenue grew 10.4% year over year. It earns a return on equity of 6.9%. Net debt stands at €454M. Fundamentals as of Aug 13, 2026

Our scenario range runs from €16.05 (bear case) to €31.94 (bull case); at €18.10, the current price sits within 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 3% below its 52-week high and 30% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -25% fair-value upside, at 41%, FSDV 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 €1.58 €17.96 €43.56 80
Rev-Margin DCF €8.84 €36.00 €92.73 74
Residual Income €16.43 €16.44 €15.11 61
All 14 models by family
DCF Models
FCF DCF €3.38 €14.82 €48.19 38
5Y Revenue Exit €5.63 €28.36 €75.94 39
5Y EBITDA Exit €14.64 €46.53 €109.07 41
10Y Revenue Exit €3.71 €37.29 €58.57 36
10Y EBITDA Exit €10.32 €53.80 €129.76 37
Multiples
P/S Multiple €19.17 €25.55 €31.94 58
P/B Multiple €19.17 €25.55 €31.94 55
EV/EBIT €28.90 €46.89 €64.88 53
EV/EBITDA €20.75 €36.02 €51.30 54
EV/Revenue €4.69 €17.45 €30.21 43
Asset-Based
NCAV (Graham) €11.42 €15.30 €22.84 50
Growth DCF
Growth DCF €1.58 €17.96 €43.56 80
Rev-Margin DCF €8.84 €36.00 €92.73 74
Economic Profit
Residual Income €16.43 €16.44 €15.11 61

Widest divergence: DCF Models (€37.29) versus Asset-Based (€15.30). Highest evidence: Growth DCF (80).

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Key figures & financial health

P/E ratio 6.3 as of Jul 14, 2026
P/S ratio 1.42 P/E × margin
EPS (TTM) €1.50 price ÷ EPS = P/E 6.3
Dividend yield 1.5% payout 18.2%
Net margin 22.5% FY2025
Return on equity 6.9% TTM
More key figures
Profitability
Return on assets (EBIT) -17.7% avg 5y
Operating margin 13.3% TTM
Growth
Revenue (TTM) €71.4M TTM
Revenue growth (YoY) +10.4%
Balance sheet & cash flow
Free cash flow €34.6M FY2025
Net debt €454M FY2025 · ≈ 13.1 yrs of FCF

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 63 · Market factors (momentum, volatility) 58

Profitability 35
Margins and returns on capital today
Quality Growth 99
Are margins and returns improving?
Cashflow 94
Earnings quality: real cash, not paper profit
Fin. Strength 26
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 67
Distance to the 52-week high (market factor)
Net Issuance 100
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

FSDV Société anonyme operates as a real estate development company. The company provides real estate development and management, workspace leasing, operation of coworking spaces and operated offices, and off-site construction of concrete buildings. The company is based in Chambellay, France.

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

Revenue & earnings trend

FY2014 – FY2025 · reported fiscal years

FSDV Société anonyme reported revenue of €96.3M in FY2025 versus €65.0K in FY2014, a compound +94.2%/yr. Reported net income was €21.7M in FY2025.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€96.3M
Avg. revenue growth/yr (14Y) 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.
+50.2%
Value creation/yr We only publish this rate when it is defensible. Reason: no profitable base year
not computed
Revenue +94.2%/yr
FY14 €65.0K
FY22 €0
FY23 €0
FY24 €0
FY25 €96.3M
Net income
FY21 −€507K
FY22 −€592
FY23 −€580K
FY24 −€400K
FY25 €21.7M

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Cite: Fair Value Calculator (2026). "FSDV Société anonyme Fair Value". https://www.fairvalue-calculator.com/stock/FSDV

Peer Group

Real Estate Services · 545 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 64 · Top 25%
Fair Value upside +41% · Above median
Return on equity (TTM) 7% · Above median
Return on assets 3% · Above median
Net margin (TTM) 23% · Above median
Operating margin (TTM) 8% · Below median
Revenue growth 7% · Above median
Dividend yield (TTM) 1.5% · Below median
Debt / equity 1.15× · Higher than 75% of peers

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 6.3× · Cheaper than 75% of peers
P/B 0.94× · Pricier than median
P/S (TTM) 3.21× · Pricier than median
P/FCF 8.9× · Pricier than median
EV/EBITDA 15.2× · Pricier 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE88 · sector 31
FUTURE37 · sector 10
PAST28 · sector 17
HEALTH42 · sector 84
DIVIDEND31 · sector 59

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

Similar stocks

10 more Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
CBRE Group CBRE $147.40 $69.47 -53%
Vonovia SE VNA €19.85 €36.67 +85%
Cellnex Telecom, S.A CLNX €27.47 €25.46 -7%
KE Holdings BEKE $17.42 $6.57 -62%
Jones Lang LaSalle Incorporated JLL $386.08 $290.25 -25%
Swire Properties Limited 1972 HK$24.84 HK$5.12 -79%
CoStar Group CSGP $32.14 $4.64 -86%
China Resources Mixc Lifestyle Services Limited 1209 HK$39.84 HK$34.95 -12%
CapitaLand Investment Limited 9CI 2.73 SGD 0.4900 SGD -82%
Plaza S.A MALLPLAZA 3,989 CLP 4,571 CLP +15%

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Frequently asked questions

Is FSDV Société anonyme (FSDV) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of €25.55 versus a price of €18.10, about +41% (undervalued).
What is the fair value of FSDV?
Our model-based fair value for FSDV Société anonyme is €25.55 (as of Aug 13, 2026), built from audited fundamentals. The current price: €18.10.
What is the quality score of FSDV?
FSDV Société anonyme has a Quality Score of 63/100. 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 FSDV Société anonyme (FSDV)?
FSDV Société anonyme reported trailing-twelve-month revenue of about €71.4M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of FSDV?
The net profit margin of FSDV Société anonyme is about 30.4%, meaning it keeps roughly 30.4% of revenue as net income. Based on the latest reported figures.
Does FSDV Société anonyme pay a dividend?
FSDV Société anonyme currently shows a dividend yield of about 1.51% relative to its recent price (as of Aug 13, 2026).

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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