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Nicolas Miguet et Associes SA (MLNMA) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of Nicolas Miguet et Associes SA stock €0.12, price €0.15, that is 18.0% below the price, quality 54 out of 100. Rating: overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Financial Services FR · ISIN FR0010500363

NM Nicolas Miguet et Associes SA logo Thin data Nov 10, 2026

Nicolas Miguet et Associes SA

MLNMA · PA
Solid, but expensive

Our calculation puts a fair price 18% below what the stock costs today.

Quality 54/100
Fair value €0.1230 · Overvalued
Weak Growth (revenue 5y −42.6 %/yr in EUR)
Loss-making · -84.0% net margin (TTM)
Trails peers (2/9)
Narrow moat 10/100 · thin data
Thin data
Estimate⚠ Thinly traded
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

€1.78 €0.0160 Fair Value €0.1230 Sep 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range €0.0160 – €1.78 · fair‑value band €0.0922 – €0.1537 · the €0.1500 price screens above the €0.1230 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. As of Nov 10, 2026.

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Company profile

Nicolas Miguet et Associes SA operates as a publishing company in France. It provides specializes in economic, political, and financial press publishing. The company also publishes the newsletter under the La Bourse and the Hebdo Bourse Plus names; and audiotel services.

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Nicolas Miguet et Associes SA was incorporated in 2001 and is headquartered in Verneuil D'avre Et D'iton, France.

Stock analysis

Nicolas Miguet et Associes SA (MLNMA) currently trades at €0.1500, while our estimate is €0.1230, 18% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: €0.0922 (bear) to €0.1537 (bull), the price of €0.1500 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 54/100 (solid quality), in the Financial Services sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Nicolas Miguet et Associes SA reported revenue of €71.3K in FY2025 versus €749K in FY2021, a compound −44.5%/yr. Reported net income was −€59.8K in FY2025.

Key figures

Market cap €1.6M Micro · P/S ratio 17.0 · EPS (TTM) €−0.1560 · Net margin −84.0% · Return on equity −6.3% · Return on assets (EBIT) −4.1% (5-year average) · Operating margin −54.6% · Revenue (TTM) €71.3K.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).

What moves the price

The share trades about 72% below its 52-week high and 782% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −35% fair-value upside, at −18%, MLNMA screens cheaper than that median.

Fair Value

Bear €0.0922 Fair Value €0.1230 Bull €0.1537
Price €0.1500 · Downside -18.0%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 54/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 2
How much profit the company makes from its sales and capital
Quality Growth 18
Are margins and returns getting better?
Financial strength 87
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 0
How calm the share price moves, does not count
Price momentum 33
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 63
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−53.6%
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.
−29.3%
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.
−42.6%
Start year 2020 (pandemic). Over 10 years: −31.0% a year
Revenue growth 25 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.
−9.2%
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.
−13.3% (2020) → −97.8% (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

MLNMA screens overvalued: fair value 18% below the price. Compare with S&P Global Inc →

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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.Financial Data & Stock Exchanges · 53 stocks

Beats the industry median on 2/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 54 · Bottom 25%
Fair Value upside −18.0% · Above median
Profitability
Return on assets −2.8% · Bottom 25%
Net margin (12 months) −84.0% · Bottom 25%
Operating margin (12 months) −54.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 0.0% · Bottom 25%

Valuation Multiplesvs Financial Data & Stock Exchanges median · lower = cheaper

P/B 1.78× · Cheapest 25%
P/S (12 months) 22.95× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)9 · sector 0
FUTURE (revenue growth)0 · sector 63
PAST (return on equity)0 · sector 75
HEALTH (low debt)0 · sector 99
DIVIDEND (yield)0 · sector 33

Context: sector, industry, market

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

Similar stocks

10 more Financial Data & Stock Exchanges stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Coinbase Global, Inc COIN $132.13 $184.32 +40% vs MLNMA
Deutsche Börse AG DB1 €320.80 €229.53 −28% vs MLNMA
Intercontinental Exchange, Inc ICE $176.36 $122.85 −30% vs MLNMA
Cboe Global Markets, Inc CBOE $364.81 $247.78 −32% vs MLNMA
CME Group CME $309.09 $200.80 −35% vs MLNMA
Hithink RoyalFlush Information Network Co 300033 ¥201.99 ¥113.78 −44% vs MLNMA
S&P Global Inc SPGI $473.38 $207.66 −56% vs MLNMA
MSCI Inc MSCI $656.86 $261.33 −60% vs MLNMA
Moody's Corporation MCO $510.71 $198.89 −61% vs MLNMA
Nasdaq, Inc NDAQ $110.02 $41.61 −62% vs MLNMA

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Nicolas Miguet et Associes SA: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Nicolas Miguet et Associes SA Fair Value". https://www.fairvalue-calculator.com/stock/MLNMA

Frequently asked questions

Is Nicolas Miguet et Associes SA (MLNMA) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is €0.1230 versus a price of €0.1500, about 18% lower (overvalued).
What is the fair value of MLNMA?
Our estimate for Nicolas Miguet et Associes SA is €0.1230 (as of Nov 10, 2026), built from audited fundamentals. The current price: €0.1500.
What is the quality score of MLNMA?
Nicolas Miguet et Associes SA has a Quality Score of 54/100. 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 Nicolas Miguet et Associes SA (MLNMA)?
Our calculated price target is the estimate of €0.1230 (as of Nov 10, 2026). Cautious scenario €0.0922, optimistic scenario €0.1537. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Nicolas Miguet et Associes SA stock forecast for 2026?
Our estimate puts fair value at €0.1230, about 18% lower versus a price of €0.1500 (overvalued). Cautious scenario €0.0922, optimistic scenario €0.1537. The calculation is refreshed regularly with new filings.
What is the revenue of Nicolas Miguet et Associes SA (MLNMA)?
Nicolas Miguet et Associes SA reported trailing-twelve-month revenue of about €71.3K (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Nicolas Miguet et Associes SA (MLNMA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nicolas Miguet et Associes SA it is €0.1230 per share (as of Nov 10, 2026), against a price of €0.1500.
Is Nicolas Miguet et Associes SA stock overvalued or undervalued in 2026?
As of Nov 10, 2026, MLNMA trades above its calculated fair value: price €0.1500, fair value €0.1230, a gap of about −18% (overvalued). 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 MLNMA?
No. The price is what the market pays today (€0.1500); the fair value is what the company's own numbers justify (€0.1230). For Nicolas Miguet et Associes SA the two are €0.0270 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nicolas Miguet et Associes SA worth?
The market values Nicolas Miguet et Associes SA at about €1.6M (market capitalisation, as of Nov 10, 2026). Per share that is €0.1500; our models calculate a fair value of €0.1230 per share.
What do the bullish and bearish scenarios say about MLNMA?
Our models span a range for Nicolas Miguet et Associes SA: cautious scenario €0.0922, base €0.1230, optimistic €0.1537 per share (as of Nov 10, 2026, price €0.1500). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Nicolas Miguet et Associes SA (MLNMA)?
Balance-sheet figures for Nicolas Miguet et Associes SA (as of Nov 10, 2026): return on equity −6.3%. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is MLNMA from its 52-week high?
Nicolas Miguet et Associes SA trades at €0.1500, about 72% below its 52-week high of €0.5300 and 782% above the low of €0.0170 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of €0.1230 is for.
Which stocks are comparable to Nicolas Miguet et Associes SA?
From the same area (Financial Services) we also value S&P Global Inc, CME Group, Intercontinental Exchange, Inc, Moody's Corporation, 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 Nicolas Miguet et Associes SA stock attractive at the current price?
The data as of Nov 10, 2026: price €0.1500, calculated fair value €0.1230 (−18%), Quality Score 54/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Nicolas Miguet et Associes 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 Nicolas Miguet et Associes SA (MLNMA)?
The closing price on Nov 9, 2026 was €0.1500. Our estimate is €0.1230, about 18% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nicolas Miguet et Associes SA right now?
Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Key figures of Nicolas Miguet et Associes SA

How large is the market capitalisation of Nicolas Miguet et Associes SA (MLNMA)?
The market capitalisation of Nicolas Miguet et Associes SA is €1.6M. 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 Nicolas Miguet et Associes SA (MLNMA)?
The price-to-sales ratio of Nicolas Miguet et Associes SA is 17.0 (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 Nicolas Miguet et Associes SA (MLNMA)?
Earnings per share at Nicolas Miguet et Associes SA are €−0.1560. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Nicolas Miguet et Associes SA (MLNMA)?
The net margin of Nicolas Miguet et Associes SA is −84.0% (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 Nicolas Miguet et Associes SA (MLNMA)?
The return on equity (ROE) of Nicolas Miguet et Associes SA is −6.3% (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 Nicolas Miguet et Associes SA (MLNMA)?
On an EBIT basis the return on assets of Nicolas Miguet et Associes SA is −4.1% (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 Nicolas Miguet et Associes SA (MLNMA)?
The operating margin of Nicolas Miguet et Associes SA is −54.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much net cash does Nicolas Miguet et Associes SA (MLNMA) hold?
Nicolas Miguet et Associes SA holds more cash than debt, €3.7K net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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