Imalliance SA (MLIML) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Imalliance SA €0.55, price €0.61, upside -9.8%, quality 50 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range €0.0400 – €1.67 · fair‑value band €0.4200 – €0.7500 · the €0.6100 price screens above the €0.5500 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.
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ImAlliance SA produces, manages, and distributes video and image media. The company operates an image platform covering the needs of the fixed and animated image chain, from production to distribution of all media types (photo, video, sound) using paper and web supports.
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ImAlliance SA produces, manages, and distributes video and image media. The company operates an image platform covering the needs of the fixed and animated image chain, from production to distribution of all media types (photo, video, sound) using paper and web supports. ImAlliance SA combines media production and exploitation technologies like film studio, film and video production, retouching and creative 3D services, publicity at multi-material points of sale, dynamic and 3D relief displays, media distribution and streaming video. ImAlliance SA was incorporated in 2002 and is based in Saint-Ouen, France.
Stock analysis
Imalliance SA (MLIML) currently trades at €0.6100, while our model-based Fair Value estimate is €0.5500, implying the stock looks roughly 10.9% fairly valued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of €0.5700 per share, and 2 of the 6 models we run sit above the €0.6100 price.
Bear case: the Multiples group reads lowest at €0.5500, and 4 of the 6 models stay below the price. Evidence for this calculation is low.
Scenario range: €0.4200 (bear) to €0.7500 (bull), the price of €0.6100 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 50/100 (solid quality), in the Communication Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Imalliance SA reported revenue of €4.7M in FY2025 versus €7.4M in FY2021, a compound −10.5%/yr. Reported net income was −€208K in FY2025.
Key figures
Market cap €1.2M · P/S ratio 0.34 · EPS (TTM) €−0.0500 · Net margin −4.4% · Return on equity −41.7% · Return on assets (EBIT) −10.4% · Operating margin −10.2% · Revenue (TTM) €3.5M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 18% below its 52-week high and 294% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 10% fair-value upside, at −10%, MLIML screens richer than that median.
Fair Value models
Bear €0.4200Fair Value €0.5500Bull €0.7500
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.10/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−5.3%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−12.6%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−2.1%
Start year 2020 (pandemic). Over 10 years: −1.1% a year
Revenue growth 26 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+0.2%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−2.3% (2020) → −3.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+9.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +7.2% a year for the price.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Publishing · 108 stocks
Beats the industry median on 2/8 measures
Overall it trails its industry peers.
Valuation
Quality Score50 · Bottom 25%
Fair Value upside−26% · Below median
Profitability
Return on equity (TTM)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets−9% · Bottom 25%
Net margin (TTM)−13% · Bottom 25%
Operating margin (TTM)−10% · Bottom 25%
Growth and dividend
Revenue growth0% · Above median
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Publishing median · lower = cheaper
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (TTM)0.39× · Cheaper than median
P/FCF8.1× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)20· sector 48
FUTURE (revenue growth)0· sector 0
PAST (return on equity)0· sector 25
HEALTH (low debt)0· sector 99
DIVIDEND (yield)0· sector 60
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Imalliance SA Fair Value". https://www.fairvalue-calculator.com/stock/MLIML
Frequently asked questions
Is Imalliance SA (MLIML) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €0.5500 versus a price of €0.6100, about −10% upside (fairly valued).
What is the fair value of MLIML?
Our model-based fair value for Imalliance SA is €0.5500 (as of Sep 23, 2026), built from audited fundamentals. The current price: €0.6100.
What is the quality score of MLIML?
Imalliance SA has a Quality Score of 50/100. 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 price target for Imalliance SA (MLIML)?
Our model-based price target is the fair value of €0.5500 (as of Sep 23, 2026) from 6 valuation models. Cautious scenario €0.4200, optimistic scenario €0.7500. It is a calculation from audited fundamentals, not an analyst target.
What is the Imalliance SA stock forecast for 2026?
Our models put fair value at €0.5500, about −10% upside versus a price of €0.6100 (fairly valued). Cautious scenario €0.4200, optimistic scenario €0.7500. The calculation is refreshed regularly with new filings.
What is the revenue of Imalliance SA (MLIML)?
Imalliance SA reported trailing-twelve-month revenue of about €3.5M (latest available figure, as of Sep 23, 2026).
What growth is priced into Imalliance SA (MLIML)?
For today's price to be fair in a discounted-cash-flow model, Imalliance SA would have to grow free cash flow by +9.5 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.1 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of MLIML use?
Our models discount Imalliance SA at 10.4 %: a base by market capitalisation (nano), damped by beta 1.03, country premium for France. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Imalliance SA that is +9.5 % per year a year over ten years, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has Imalliance SA (MLIML) delivered so far?
Over the past 5 years revenue at Imalliance SA grew -2.1 % a year. The price currently implies +9.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Imalliance SA (MLIML) growing?
The median revenue growth in the sector is +1.6 % a year. That is the yardstick for the growth priced into Imalliance SA (+9.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Imalliance SA (MLIML)?
The free-cash-flow yield on the price is 6.12 %: that much free cash flow Imalliance SA produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Imalliance SA (MLIML)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Imalliance SA it is €0.5500 per share (as of Sep 23, 2026), against a price of €0.6100. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Imalliance SA stock overvalued or undervalued in 2026?
As of Sep 23, 2026, MLIML trades above its calculated fair value: price €0.6100, fair value €0.5500, a gap of about −10% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MLIML?
No. The price is what the market pays today (€0.6100); the fair value is what the company's own numbers justify (€0.5500). For Imalliance SA the two are €0.0600 per share apart. That gap is exactly why we show both numbers side by side.
How much is Imalliance SA worth?
The market values Imalliance SA at about €1.2M (market capitalisation, as of Sep 23, 2026). Per share that is €0.6100; our models calculate a fair value of €0.5500 per share.
What do the bullish and bearish scenarios say about MLIML?
Our models span a range for Imalliance SA: cautious scenario €0.4200, base €0.5500, optimistic €0.7500 per share (as of Sep 23, 2026, price €0.6100). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Imalliance SA (MLIML)?
Balance-sheet figures for Imalliance SA (as of Sep 23, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is MLIML from its 52-week high?
Imalliance SA trades at €0.6100, about 18% below its 52-week high of €0.7400 and 294% above the low of €0.1550 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of €0.5500 is for.
Which stocks are comparable to Imalliance SA?
From the same area (Communication Services) we also value The New York Times Company, Jiangsu Phoenix Publishing & Media Corporation, China Science Publishing & Media Ltd, People.cn CO., LTD, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Imalliance SA stock attractive at the current price?
The data as of Sep 23, 2026: price €0.6100, calculated fair value €0.5500 (−10%), Quality Score 50/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MLIML calculated?
We run Imalliance SA through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €0.5500, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Imalliance SA itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Imalliance SA (MLIML)?
The closing price on Sep 24, 2026 was €0.6100. Our model-based fair value is €0.5500, about −10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Imalliance SA right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Imalliance SA
How large is the market capitalisation of Imalliance SA (MLIML)?
The market capitalisation of Imalliance SA is €1.2M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Imalliance SA (MLIML)?
The price-to-sales ratio of Imalliance SA is 0.34 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Imalliance SA (MLIML)?
Earnings per share at Imalliance SA are €−0.0500. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Imalliance SA (MLIML)?
The net margin of Imalliance SA is −4.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Imalliance SA (MLIML)?
The return on equity (ROE) of Imalliance SA is −41.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Imalliance SA (MLIML)?
On an EBIT basis the return on assets of Imalliance SA is −10.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Imalliance SA (MLIML)?
The operating margin of Imalliance SA is −10.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much net debt does Imalliance SA (MLIML) carry?
The net debt of Imalliance SA is €114K (fiscal year 2025, ≈ 0.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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