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Solocal Group (LOCAL) Fair Value & Analysis

Communication Services · FR · Market cap €146M

SG Solocal Group LOCAL · PA
Price€4.12
Fair Value€10.79
Upside+161.9%
Quality53/100
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Weak Growth
Thin margins · 4.4% net margin
Negative equity (buybacks among others) · generates free cash flow
Ranks above peers (9/13)
Narrow moat 42/100
Evidence: High Range €7.73 – €13.84 Share as image

Fair value as of: Jul 12, 2026

From 19 valuation models · updated 29 days ago

Share price +1.4% over the past month.

A solid business, screening 162% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€7.73). The market is more pessimistic than our downside scenario.
  • Solid quality (53/100) 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)

€174.34 €1.94 Fair Value €10.79 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range €1.94 – €174.34 · fair‑value band €7.73 – €13.84 · the €4.12 price screens below the €10.79 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Solocal Group (LOCAL) currently trades at €4.12, while our model-based Fair Value estimate is €10.79, implying the stock looks roughly 161.9% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Communication Services 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, Solocal Group generated revenue of €325M at a net margin of 4.4%. Revenue declined 6.0% year over year. The balance sheet holds a net cash position of €21.7M. The stock trades on a trailing P/E of 10.5. Fundamentals as of Jul 12, 2026

Our scenario range runs from €7.73 (bear case) to €13.84 (bull case); at €4.12, 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 18% below its 52-week high and 73% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -1% fair-value upside, at 162%, LOCAL 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 €9.12 €10.92 €13.61 80
Rev-Margin DCF €8.48 €11.43 €15.07 74
ROIC Compounder €5.61 €6.10 €6.50 72
All 19 models by family
DCF Models
FCF DCF €8.93 €10.85 €13.94 38
Owner Earnings €7.54 €9.10 €11.61 31
5Y Revenue Exit €8.48 €11.22 €15.18 39
5Y EBITDA Exit €11.71 €16.78 €23.50 41
5Y P/E Exit €7.99 €10.36 €13.21 38
10Y Revenue Exit €8.52 €10.34 €12.24 36
10Y EBITDA Exit €10.33 €13.28 €16.40 37
10Y P/E Exit €8.40 €9.88 €11.25 35
Earnings-Based
Graham-Dodd €2.69 €3.29 €3.70 54
EPV €5.61 €6.10 €6.50 59
Multiples
P/E Multiple €6.53 €8.71 €10.88 63
P/S Multiple €5.05 €6.73 €8.41 58
EV/EBIT €10.93 €14.06 €17.19 53
EV/EBITDA €16.32 €21.25 €26.18 54
EV/Revenue €8.66 €11.71 €14.77 43
Growth DCF
Growth DCF €9.12 €10.92 €13.61 80
Rev-Margin DCF €8.48 €11.43 €15.07 74
Economic Profit
ROIC Compounder €5.61 €6.10 €6.50 72
Growth Earnings
Growth-Adj P/E €4.60 €6.58 €8.55 68

Widest divergence: Multiples (€11.71) versus Earnings-Based (€3.29). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €325M
Revenue growth (YoY) -6.0%
Net margin 4.4%
Free cash flow €36.8M FY2025
P/E ratio 10.4
Operating margin 11.7%
More key figures
EPS (TTM) €0.3900
EPS growth (YoY) -95.3%
Net cash €21.7M FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

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

Profitability 40
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 69
Earnings quality: real cash, not paper profit
Fin. Strength 39
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 46
Distance to the 52-week high (market factor)
Net Issuance 50
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

Solocal Group S.A. provides digital services in France and internationally. The company's services include connect that allows VSEs and SMEs to manage their digital presence on PagesJaunes and various mobile application or a web interface, as well as manages interactions between professionals and their customers; and booster that allows companies to …

Full company description

Solocal Group S.A. provides digital services in France and internationally. The company's services include connect that allows VSEs and SMEs to manage their digital presence on PagesJaunes and various mobile application or a web interface, as well as manages interactions between professionals and their customers; and booster that allows companies to increase their digital visibility in the Web. The company was formerly known as PagesJaunes Groupe and changed its name to SoLocal Group S.A. in June 2013. Solocal Group S.A. was founded in 1896 and is headquartered in Boulogne-Billancourt, France.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Solocal Group reported revenue of €325M in FY2025 versus €428M in FY2021, a compound −6.7%/yr. Reported net income was €14.2M in FY2025, compounding −11.2%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€325M
Latest YoY
−3.0%
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.
−6.7%
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.
−5.8%
Avg. growth/yr (22Y) 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.
−4.4%
Revenue −6.7%/yr
FY21 €428M
FY22 €400M
FY23 €360M
FY24 €335M
FY25 €325M
Net income −11.2%/yr
FY21 €22.9M
FY22 −€3.3M
FY23 −€45.9M
FY24 €120M
FY25 €14.2M

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Cite: Fair Value Calculator (2026). "Solocal Group Fair Value". https://www.fairvalue-calculator.com/stock/LOCAL

Peer Group

Advertising Agencies · 199 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 53 · Above median
Fair Value upside +162% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 4% · Above median
Operating margin (TTM) 12% · Top 25%
Revenue growth -6% · Below median

Valuation Multiples vs Advertising Agencies median · lower = cheaper

P/E (TTM) 10.4× · Cheaper than median
P/S (TTM) 0.52× · Cheaper than median
P/FCF 4.6× · Pricier than median
EV/EBITDA 1.9× · Cheaper than 75% of peers
PEG 2.14× · Pricier 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 19
FUTURE 0 · sector 8
PAST 0 · sector 7
HEALTH 100 · sector 98
DIVIDEND 0 · sector 66

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

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 Advertising Agencies stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
AppLovin Corporation APP $506.98 $181.37 -64%
Publicis Groupe S.A PUB €87.16 €146.36 +68%
Omnicom Group OMC $80.75 $99.84 +24%
Focus Media Information Technology Co 002027 ¥5.00 ¥4.08 -18%
The Trade Desk, Inc TTD $19.37 $20.76 +7%
BlueFocus Intelligent Communications Group 300058 ¥13.81 ¥1.50 -89%
JCDecaux SE DEC €21.28 €20.99 -1%
WPP plc WPP $18.13 $18.56 +2%
Easy Click Worldwide Network Technology Co 301171 ¥28.85 ¥5.62 -81%
Mobvista Inc 1860 HK$11.15 HK$6.43 -42%

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Frequently asked questions

Is Solocal Group (LOCAL) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of €10.79 versus a price of €4.12, about +162% (undervalued).
What is the fair value of LOCAL?
Our model-based fair value for Solocal Group is €10.79 (as of Jul 12, 2026), built from audited fundamentals. The current price is €4.12.
What is the quality score of LOCAL?
Solocal Group has a Quality Score of 53/100. 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 Solocal Group (LOCAL)?
Solocal Group reported trailing-twelve-month revenue of about €325M (latest available figure, as of Jul 12, 2026).
What is the net profit margin of LOCAL?
The net profit margin of Solocal Group is about 4.4%, meaning it keeps roughly 4.4% 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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