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Hopening SA (MLHPE) Fair Value & Analysis

Communication Services · FR · Market cap €3.7M

HS Hopening SA MLHPE · PA
Price€4.98
Fair Value€8.28
Upside+66.3%
Quality57/100
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Mixed Growth
Thin margins · 2.3% net margin
Low debt
Mixed vs. peers (6/12)
Narrow moat 39/100
Evidence: Medium Range €6.21 – €10.35 Share as image

Fair value as of: Jul 12, 2026

From 14 valuation models · updated 29 days ago

Share price −4.2% over the past month.

A solid business, screening 66% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€6.21). The market is more pessimistic than our downside scenario.
  • Solid quality (57/100) 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)

€9.48 €0.4742 Fair Value €8.28 Jan 2015 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 €0.4742 – €9.48 · fair‑value band €6.21 – €10.35 · the €4.98 price screens below the €8.28 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

Hopening SA (MLHPE) currently trades at €4.98, while our model-based Fair Value estimate is €8.28, implying the stock looks roughly 66.3% undervalued today. The Quality Score stands at 57/100 (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: medium), always confirm before acting.

Over the trailing twelve months, Hopening SA generated revenue of €15.5M at a net margin of 2.3%. It earns a return on equity of 18.2%. The stock trades on a trailing P/E of 11.2. Fundamentals as of Jul 12, 2026

Our scenario range runs from €6.21 (bear case) to €10.35 (bull case); at €4.98, 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 36% below its 52-week high, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -1% fair-value upside, at 66%, MLHPE 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
ROIC Compounder €2.44 €2.51 €2.57 72
Growth-Adj P/E €6.54 €9.34 €12.14 68
P/E Multiple €8.03 €10.71 €13.39 63
All 14 models by family
Earnings-Based
Graham-Dodd €3.31 €9.98 €13.23 54
Lynch FV €2.12 €3.03 €3.94 50
PEG = 1.0 €2.12 €3.03 €3.94 46
EPV €2.44 €2.51 €2.57 59
Multiples
P/E Multiple €8.03 €10.71 €13.39 63
P/S Multiple €6.21 €8.28 €10.35 58
P/B Multiple €6.21 €8.28 €10.35 55
EV/EBIT €2.94 €3.29 €3.64 53
EV/EBITDA €5.28 €6.41 €7.55 54
EV/Revenue €2.68 €3.02 €3.37 43
Asset-Based
NCAV (Graham) €1.36 €1.82 €2.72 50
Economic Profit
Residual Income €2.62 €3.33 €7.56 61
ROIC Compounder €2.44 €2.51 €2.57 72
Growth Earnings
Growth-Adj P/E €6.54 €9.34 €12.14 68

Widest divergence: Growth Earnings (€9.34) versus Asset-Based (€1.82). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) €15.5M
Net margin 2.3%
Return on equity 18.2%
P/E ratio 10.6
Operating margin 0.5%
EPS (TTM) €0.4900
More key figures
Net cash €232K FY2024

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

Quality Score breakdown

Overall quality 57/100

Of which business quality 58 · Market factors (momentum, volatility) 24

Profitability 63
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Fin. Strength 39
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 18
Price trend over the last 3–12 months (market factor)
52W Momentum 5
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

Hopening SA, together with its subsidiaries, engages in fundraising, sponsorship, and philanthropy services in France. It offers relationship marketing, digital marketing, mobilization communication, philanthropy and corporate sponsorship, data science and DB, innovation, acquisition issued, and legacy and gifts strategies.

Full company description

Hopening SA, together with its subsidiaries, engages in fundraising, sponsorship, and philanthropy services in France. It offers relationship marketing, digital marketing, mobilization communication, philanthropy and corporate sponsorship, data science and DB, innovation, acquisition issued, and legacy and gifts strategies. The company was formerly known as Optimus S.A. and changed its name to Hopening SA in March 2017. Hopening SA was incorporated in 1989 and is based in Puteaux, France.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Hopening SA reported revenue of €15.5M in FY2024 versus €16.1M in FY2020, a compound −0.9%/yr. Reported net income was €351K in FY2024, compounding +38.5%/yr from FY2020.

Growth Quality 29/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
€15.5M
Latest YoY
−3.5%
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.
−0.7%
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.
+3.1%
Avg. growth/yr (18Y) 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.
+7.2%
Revenue −0.9%/yr
FY20 €16.1M
FY21 €15.8M
FY22 €16.5M
FY23 €16.1M
FY24 €15.5M
Net income +38.5%/yr
FY20 €95.3K
FY21 €166K
FY22 €420K
FY23 €472K
FY24 €351K

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

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 57 · Above median
Fair Value upside +66% · Top 25%
Return on equity (TTM) 18% · Top 25%
Return on assets 0% · Below median
Net margin (TTM) 2% · Above median
Operating margin (TTM) 0% · Below median
Revenue growth 0% · Below median
Debt / equity 0.12× · Higher than median

Valuation Multiples vs Advertising Agencies median · lower = cheaper

P/E (TTM) 10.6× · Cheaper than median
P/B 2.21× · Pricier than median
P/S (TTM) 0.28× · Cheaper than median
EV/EBITDA 28.2× · 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 73 · sector 7
HEALTH 94 · sector 98
DIVIDEND 0 · sector 66

Insider activity: 30/100

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 Hopening SA (MLHPE) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of €8.28 versus a price of €4.98, about +66% (undervalued).
What is the fair value of MLHPE?
Our model-based fair value for Hopening SA is €8.28 (as of Jul 12, 2026), built from audited fundamentals. The current price is €4.98.
What is the quality score of MLHPE?
Hopening SA has a Quality Score of 57/100. 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 Hopening SA (MLHPE)?
Hopening SA reported trailing-twelve-month revenue of about €15.5M (latest available figure, as of Jul 12, 2026).
What is the net profit margin of MLHPE?
The net profit margin of Hopening SA is about 2.3%, meaning it keeps roughly 2.3% 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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