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Infotel SA (INF) Fair Value & Analysis

Technology · FR · Market cap €275M

IS Infotel SA INF · PA
Price€41.50
Fair Value€47.05
Upside+13.4%
Quality67/100
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Mixed Growth
Thin margins · 5.5% net margin
Low debt · generates free cash flow
5.06% dividend yield
Ranks above peers (11/15)
Moderate moat 47/100
Evidence: High Range €35.29 – €58.81 Share as image

Fair value as of: Jul 14, 2026

From 26 valuation models · updated 24 days ago

Fair value updated Jul 14, 2026, revised from €53.13 to €47.05 (−11.4%) since Jun 24, 2026. Share price +2.9% over the past month.

A solid business, screening 13% undervalued on our models.

What matters now

  • Our model range runs from €35.29 (bear) to €58.81 (bull), base €47.05. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 67/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

€50.23 €31.85 Fair Value €47.05 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range €31.85 – €50.23 · fair‑value band €35.29 – €58.81 · the €41.50 price screens below the €47.05 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

Infotel SA (INF) currently trades at €41.50, while our model-based Fair Value estimate is €47.05, implying the stock looks roughly 13.4% undervalued today. We read business quality at 67/100 (solid quality), in the Technology 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, Infotel SA generated revenue of €294M at a net margin of 7.1%. Revenue grew 1.3% year over year. It earns a return on equity of 12.0%. The balance sheet holds a net cash position of €85.0M. Fundamentals as of Jul 14, 2026

Our scenario range runs from €35.29 (bear case) to €58.81 (bull case); at €41.50, 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 8% below its 52-week high and 24% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at 13%, INF 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 BearBaseBull Evidence
Highest evidence
Growth DCF €39.64 €47.79 €57.38 80
Residual Income €15.43 €17.27 €22.87 76
Rev-Margin DCF €43.64 €60.16 €79.25 74
All 26 models by family
DCF Models
FCF DCF €39.63 €49.11 €61.03 38
Owner Earnings €41.60 €51.87 €64.78 31
5Y Revenue Exit €43.64 €60.14 €81.19 39
5Y EBITDA Exit €51.63 €75.15 €102.64 41
5Y P/E Exit €43.76 €60.39 €77.78 38
10Y Revenue Exit €40.77 €53.93 €71.53 36
10Y EBITDA Exit €45.88 €62.85 €85.55 37
10Y P/E Exit €41.57 €54.08 €69.30 35
Earnings-Based
Graham-Dodd €16.00 €50.97 €67.95 54
Lynch FV €11.25 €16.07 €20.89 50
PEG = 1.0 €11.25 €16.07 €20.89 46
EPV €34.84 €37.12 €38.97 59
Dividend Discount
Gordon GGM €14.05 €23.53 €30.54 70
DDM Multi-Stage €14.05 €21.33 €25.32 61
Multiples
P/E Multiple €35.29 €47.05 €58.81 63
P/S Multiple €29.99 €39.99 €49.99 58
P/B Multiple €29.99 €39.99 €49.99 55
EV/EBIT €64.34 €80.51 €96.68 53
EV/EBITDA €66.93 €83.95 €100.98 54
EV/Revenue €48.53 €62.55 €76.56 43
Asset-Based
NCAV (Graham) €8.86 €11.87 €17.72 50
Growth DCF
Growth DCF €39.64 €47.79 €57.38 80
Rev-Margin DCF €43.64 €60.16 €79.25 74
Economic Profit
Residual Income €15.43 €17.27 €22.87 76
ROIC Compounder €35.19 €37.88 €40.28 72
Growth Earnings
Growth-Adj P/E €29.58 €42.25 €54.93 68

Widest divergence: DCF Models (€54.08) versus Asset-Based (€11.87). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €294M
Revenue growth (YoY) +1.3%
Net margin 5.5%
Return on equity 11.8%
Free cash flow €19.6M FY2025
P/E ratio 17.0
More key figures
Operating margin 10.0%
EPS (TTM) €2.35
Dividend yield 5.1%
EPS growth (YoY) +9.9%
Net cash €85.0M FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 68 · Market factors (momentum, volatility) 60

Profitability 49
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 94
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 61
Distance to the 52-week high (market factor)
Net Issuance 79
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

Infotel SA designs, develops, markets, and maintains software solutions in the areas of security, performance, and management in France, rest of Europe, and the United States. It operates through two segments, Software and Services.

Full company description

Infotel SA designs, develops, markets, and maintains software solutions in the areas of security, performance, and management in France, rest of Europe, and the United States. It operates through two segments, Software and Services. The company offers Arcsys, a secure archiving platform for electronic data; iDBA-Online, an intelligent management solution for administration and maintenance operations for DB2 databases; and Infoscope, a quality control software solution. It also provides InfoPak, InfoVic, and InfoUtil, as well as Orlando, a software solution for aircraft technical documentation; Deepeo, which offers a response to data protection; and utilities for Db2 for z/OS and LUW. In addition, the company offers consultancy, analysis, IT system audits, and third-party application maintenance services. It serves insurance, banking, public sector, services and utilities, industries, and transportation sectors. Infotel SA was incorporated in 1979 and is headquartered in Paris, France.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Infotel SA reported revenue of €294M in FY2025 versus €263M in FY2021, a compound +2.8%/yr. Reported net income was €16.1M in FY2025, compounding +4.2%/yr from FY2021.

Growth Quality 62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€294M
Latest YoY
−0.3%
Avg. growth/yr (3Y)
−0.7%
Avg. growth/yr (5Y)
+4.6%
Avg. growth/yr (18Y)
+7.2%
Revenue +2.8%/yr
FY21 €263M
FY22 €300M
FY23 €308M
FY24 €295M
FY25 €294M
Net income +4.2%/yr
FY21 €13.7M
FY22 €20.3M
FY23 €18.1M
FY24 €18.5M
FY25 €16.1M

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Cite: Fair Value Calculator (2026). "Infotel SA Fair Value". https://www.fairvalue-calculator.com/stock/INF

Peer Group

Information Technology Services · 484 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 67 · Top 25%
Fair Value upside +13% · Above median
Return on equity (TTM) 12% · Above median
Return on assets 6% · Above median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 10% · Above median
Revenue growth 1% · Below median
Dividend yield (TTM) 5.1% · Top 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 17.0× · Cheaper than median
P/B 2.60× · Pricier than median
P/S (TTM) 1.08× · Pricier than median
P/FCF 16.2× · Pricier than 75% of peers
EV/EBITDA 6.6× · Cheaper than median
PEG 0.41× · 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 51 · sector 21
FUTURE 7 · sector 30
PAST 47 · sector 37
HEALTH 100 · sector 97
DIVIDEND 100 · sector 37

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 Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.92 $143.90 -39%
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Persistent Systems Limited PERSISTENT ₹5,059 ₹2,364 -53%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%

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Frequently asked questions

Is Infotel SA (INF) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of €47.05 versus a price of €41.50, about +13% (undervalued).
What is the fair value of INF?
Our model-based fair value for Infotel SA is €47.05 (as of Jul 14, 2026), built from audited fundamentals. The current price is €41.50.
What is the quality score of INF?
Infotel SA has a Quality Score of 67/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Infotel SA (INF)?
Infotel SA reported trailing-twelve-month revenue of about €294M (latest available figure, as of Jul 14, 2026).
What is the net profit margin of INF?
The net profit margin of Infotel SA is about 7.1%, meaning it keeps roughly 7.1% of revenue as net income. Based on the latest reported figures.
Does Infotel SA pay a dividend?
Infotel SA currently shows a dividend yield of about 4.96% relative to its recent price (as of Jul 14, 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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