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Andino Inversiones Global S.A (MLAIG) Fair Value & Analysis

Industrials · FR · Market cap €58.0M

AI Andino Inversiones Global S.A MLAIG · PA
Price€2.82
Fair Value€4.22
Upside+49.7%
Quality34/100
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Expensive Growth
Thin margins · 0.0% net margin
Moderate debt · negative free cash flow
Trails peers (2/9)
Narrow moat 30/100
Evidence: Low Range €1.52 – €4.22 Share as image

Fair value as of: Jul 15, 2026

From 4 valuation models · updated 26 days ago

Below-average quality, screening 50% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (34/100). That raises the risk this is a value trap rather than a bargain.
  • The model range is unusually wide (€1.52 to €4.22). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
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Price vs Fair Value (3 years)

€3.20 €1.86 Fair Value €4.22 Feb 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

30‑month range €1.86 – €3.20 · fair‑value band €1.52 – €4.22 · the €2.82 price screens below the €4.22 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Andino Inversiones Global S.A (MLAIG) currently trades at €2.82, while our model-based Fair Value estimate is €4.22, implying the stock looks roughly 49.7% undervalued today. The Quality Score stands at 34/100 (below-average quality), in the Industrials 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: low), always confirm before acting.

Net debt stands at €135M. Fundamentals as of Jul 15, 2026

Our scenario range runs from €1.52 (bear case) to €4.22 (bull case); at €2.82, 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 6% below its 52-week high and 52% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -14% fair-value upside, at 50%, MLAIG 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
EV/EBITDA €2.48 €5.17 €7.87 54
EV/EBIT €1.73 €3.57 53
NCAV (Graham) €2.46 €3.29 €4.92 50
All 4 models by family
Multiples
EV/EBIT €1.73 €3.57 53
EV/EBITDA €2.48 €5.17 €7.87 54
EV/Revenue €1.69 43
Asset-Based
NCAV (Graham) €2.46 €3.29 €4.92 50

Widest divergence: Asset-Based (€3.29) versus Multiples (€1.73). Highest evidence: EV/EBITDA (54).

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Key figures & financial health

Free cash flow −€18.8M FY2025
EPS (TTM) €-0.1800
Net debt €135M FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 34/100

Of which business quality 30 · Market factors (momentum, volatility) 33

Profitability 8
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 11
Balance sheet, leverage, solvency risk
Investment 56
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 56
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

Andino Inversiones Global S.A. provides airport and port infrastructure, airport, and maritime logistics services in Spain. The company engages in the design, construction, improvement, conservation, and operation of airports. It also provides aircraft ground support, cargo storage terminal, fixed base operator services.

Full company description

Andino Inversiones Global S.A. provides airport and port infrastructure, airport, and maritime logistics services in Spain. The company engages in the design, construction, improvement, conservation, and operation of airports. It also provides aircraft ground support, cargo storage terminal, fixed base operator services. In addition, the company is involved in the development and construction, purchase, sale, leasing, and administration of real estate. Further, it provides integrated logistics solutions to the aviation, maritime, and fluvial sectors, including customs agency services, international freight transportation services, handling, and storage, as well as offers shipping agency ship representation, terminal operations, stowage and unstowage, pilotage, and towage services. Additionally, the company provides short- and medium-term facilities, as well as the issuance of warrants and certificates of deposit, factoring, leasing, and other services. Andino Inversiones Global S.A. was founded in 1972 and is based in Madrid, Spain.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Andino Inversiones Global S.A reported revenue of €130M in FY2025 versus €24.7M in FY2021, a compound +51.6%/yr. Reported net income was −€3.6M in FY2025.

Growth Quality 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€130M
Latest YoY
+23.1%
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.
+17.8%
Revenue +51.6%/yr
FY21 €24.7M
FY22 €79.7M
FY23 €60.7M
FY24 €106M
FY25 €130M
Net income
FY21 €8.0M
FY22 −€5.5M
FY23 −€4.8M
FY24 −€3.0M
FY25 −€3.6M

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Cite: Fair Value Calculator (2026). "Andino Inversiones Global S.A Fair Value". https://www.fairvalue-calculator.com/stock/MLAIG

Peer Group

Conglomerates · 369 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 34 · Bottom 25%
Fair Value upside +50% · Top 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) 0% · Below median
Operating margin (TTM) 0% · Bottom 25%
Revenue growth 0% · Below median
Debt / equity 1.29× · Higher than 75% of peers

Valuation Multiples vs Conglomerates median · lower = cheaper

P/B 0.66× · 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 99 · sector 20
FUTURE 0 · sector 16
PAST 0 · sector 20
HEALTH 35 · sector 88
DIVIDEND 0 · sector 39

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.

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Frequently asked questions

Is Andino Inversiones Global S.A (MLAIG) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of €4.22 versus a price of €2.82, about +50% (undervalued).
What is the fair value of MLAIG?
Our model-based fair value for Andino Inversiones Global S.A is €4.22 (as of Jul 15, 2026), built from audited fundamentals. The current price is €2.82.
What is the quality score of MLAIG?
Andino Inversiones Global S.A has a Quality Score of 34/100. 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 net profit margin of MLAIG?
The net profit margin of Andino Inversiones Global S.A is about 0.0%, meaning it keeps roughly 0.0% 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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