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Grimoldi S.A (GRIM) Fair Value & Analysis

Consumer Cyclical · AR · Market cap 113B ARS

GS Grimoldi S.A GRIM · BA
Price2,550 ARS
Fair Value7,580 ARS
Upside+197.3%
Quality47/100
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Expensive Growth
Thin margins · 2.4% net margin
Low debt · negative free cash flow
Ranks above peers (9/13)
Moderate moat 47/100
Evidence: High Range 5,685 ARS – 9,475 ARS Share as image

Fair value as of: Jul 24, 2026

From 15 valuation models · updated 17 days ago

Share price +6.3% over the past month.

Below-average quality, screening 197% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (5,685 ARS). The market is more pessimistic than our downside scenario.
  • Solid quality (47/100) 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)

2,975 ARS 27.45 ARS Fair Value 7,580 ARS Feb 2021 Jun 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range 27.45 ARS – 2,975 ARS · fair‑value band 5,685 ARS – 9,475 ARS · the 2,550 ARS price screens below the 7,580 ARS fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

Grimoldi S.A (GRIM) currently trades at 2,550 ARS, while our model-based Fair Value estimate is 7,580 ARS, implying the stock looks roughly 197.3% undervalued today. The Quality Score stands at 47/100 (below-average quality), in the Consumer Cyclical 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, Grimoldi S.A generated revenue of 256B ARS at a net margin of 2.4%. Revenue declined 25.9% year over year. It earns a return on equity of 5.9%. Net debt stands at 8.4B ARS. Fundamentals as of Jul 24, 2026

Our scenario range runs from 5,685 ARS (bear case) to 9,475 ARS (bull case); at 2,550 ARS, 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 15% below its 52-week high and 73% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 0% fair-value upside, at 197%, GRIM 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
Residual Income 2,469 ARS 3,103 ARS 7,839 ARS 76
ROIC Compounder 10,413 ARS 16,003 ARS 23,524 ARS 72
Growth-Adj P/E 11,206 ARS 16,008 ARS 20,811 ARS 68
All 15 models by family
DCF Models
Owner Earnings 5,040 ARS 11,083 ARS 23,769 ARS 31
Earnings-Based
Graham-Dodd 2,343 ARS 16,340 ARS 22,931 ARS 54
Lynch FV 8,442 ARS 12,060 ARS 15,678 ARS 50
PEG = 1.0 8,442 ARS 12,060 ARS 15,678 ARS 46
EPV 7,957 ARS 9,232 ARS 10,349 ARS 59
Multiples
P/E Multiple 5,685 ARS 7,580 ARS 9,475 ARS 63
P/S Multiple 4,393 ARS 5,858 ARS 7,322 ARS 58
P/B Multiple 4,393 ARS 5,858 ARS 7,322 ARS 55
EV/EBIT 12,358 ARS 16,377 ARS 20,395 ARS 53
EV/EBITDA 8,957 ARS 11,842 ARS 14,727 ARS 54
EV/Revenue 5,667 ARS 7,966 ARS 10,265 ARS 43
Asset-Based
NCAV (Graham) 1,286 ARS 1,723 ARS 2,572 ARS 50
Economic Profit
Residual Income 2,469 ARS 3,103 ARS 7,839 ARS 76
ROIC Compounder 10,413 ARS 16,003 ARS 23,524 ARS 72
Growth Earnings
Growth-Adj P/E 11,206 ARS 16,008 ARS 20,811 ARS 68

Widest divergence: Growth Earnings (16,008 ARS) versus Asset-Based (1,723 ARS). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 256B ARS
Revenue growth (YoY) -25.9%
Net margin 2.4%
Return on equity 5.9%
Free cash flow −7.3B ARS FY2025
P/E ratio 17.7
More key figures
Operating margin 14.0%
EPS (TTM) 144.07 ARS
EPS growth (YoY) -70.2%
Net debt 8.4B ARS FY2025

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 48 · Market factors (momentum, volatility) 52

Profitability 68
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 62
Distance to the 52-week high (market factor)
Net Issuance 82
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

Grimoldi S.A. manufacturing, import, marketing, and distribution of footwear, accessories, and clothing. It offers footwear, such as sneakers, sandals, shoes, clogs, tacos, boots, comfort, outdoors, running, and flip-flops; and accessories, including bags, backpacks, wallets, socks, toiletry bags, fanny packs, cleaning, and belts.

Full company description

Grimoldi S.A. manufacturing, import, marketing, and distribution of footwear, accessories, and clothing. It offers footwear, such as sneakers, sandals, shoes, clogs, tacos, boots, comfort, outdoors, running, and flip-flops; and accessories, including bags, backpacks, wallets, socks, toiletry bags, fanny packs, cleaning, and belts. The company also provides services related to logistics, storage, custody, deposit, etc. It offers its products under the Hush Puppies, Vans, Kickers, Cat, Merrell, Walking, Arezzo, Jansport, New Balance, Caterpillar, The North Face, a-pie, Stitching and Grims, and Dr. Martens brands through its stores, third-party stores, franchises, and online. Grimoldi S.A. was founded in 1895 and is based in Buenos Aires, Argentina.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Grimoldi S.A reported revenue of 277B ARS in FY2025 versus 12.2B ARS in FY2021, a compound +118.3%/yr. Reported net income was 14.9B ARS in FY2025, compounding +94.8%/yr from FY2021.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
277B ARS
Latest YoY
−4.7%
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.
+107.5%
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.
+133.0%
Avg. growth/yr (10Y) 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.
+60.7%
Revenue +118.3%/yr
FY21 12.2B ARS
FY22 31.0B ARS
FY23 247B ARS
FY24 290B ARS
FY25 277B ARS
Net income +94.8%/yr
FY21 1.0B ARS
FY22 4.1B ARS
FY23 5.2B ARS
FY24 15.1B ARS
FY25 14.9B ARS

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

Peer Group

Footwear & Accessories · 94 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 47 · Below median
Fair Value upside +197% · Top 25%
Return on equity (TTM) 6% · Above median
Return on assets 12% · Top 25%
Net margin (TTM) 2% · Below median
Operating margin (TTM) 14% · Top 25%
Revenue growth -26% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Footwear & Accessories median · lower = cheaper

P/E (TTM) 17.7× · Cheaper than median
P/B 1.01× · Cheaper than median
P/S (TTM) 0.44× · Cheaper than median
EV/EBITDA 2.7× · Cheaper than 75% of peers

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 4
FUTURE 0 · sector 0
PAST 23 · sector 23
HEALTH 100 · sector 97
DIVIDEND 0 · sector 41

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 Footwear & Accessories stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
NIKE, Inc NKE $44.37 $35.63 -20%
adidas AG 1ADS €165.00 €65.71 -60%
Deckers Outdoor Corporation DECK $106.49 $125.16 +18%
On Holding ONON $38.20 $17.64 -54%
Zhejiang China Commodities City Group 600415 ¥12.11 ¥13.03 +8%
Birkenstock Holding BIRK $44.36 $44.14 -0%
Crocs, Inc CROX $138.91 $203.65 +47%
Huali Industrial Group 300979 ¥31.10 ¥54.71 +76%
PUMA SE PUM €29.31 €10.57 -64%
Steven Madden, Ltd SHOO $43.26 $11.69 -73%

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Frequently asked questions

Is Grimoldi S.A (GRIM) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of 7,580 ARS versus a price of 2,550 ARS, about +197% (undervalued).
What is the fair value of GRIM?
Our model-based fair value for Grimoldi S.A is 7,580 ARS (as of Jul 24, 2026), built from audited fundamentals. The current price is 2,550 ARS.
What is the quality score of GRIM?
Grimoldi S.A has a Quality Score of 47/100. 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 Grimoldi S.A (GRIM)?
Grimoldi S.A reported trailing-twelve-month revenue of about 256B ARS (latest available figure, as of Jul 24, 2026).
What is the net profit margin of GRIM?
The net profit margin of Grimoldi S.A is about 2.4%, meaning it keeps roughly 2.4% 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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