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Nicolas Miguet et Associes SA (MLNMA) Fair Value & Analysis

Financial Services · FR · Market cap €1.2M

NM Nicolas Miguet et Associes SA MLNMA · PA
Price€0.2500
Fair Value€0.2200
Upside-12.0%
Quality49/100
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Weak Growth
Loss-making · -84.0% net margin
Trails peers (2/9)
Narrow moat 11/100
Evidence: Low Range €0.1300 – €0.2900 Share as image

Fair value as of: Jul 12, 2026

From 3 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from €0.2300 to €0.2200 (−4.3%) since Jun 26, 2026. Share price +38.9% over the past month.

Below-average quality, and screening another 12% overvalued on our models.

What matters now

  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (€0.1300 to €0.2900) leaves room in how you read the outcome.
  • 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.
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Price vs Fair Value (5 years)

€2.20 €0.0160 Fair Value €0.2200 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 €0.0160 – €2.20 · fair‑value band €0.1300 – €0.2900 · the €0.2500 price screens above the €0.2200 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

Nicolas Miguet et Associes SA (MLNMA) currently trades at €0.2500, while our model-based Fair Value estimate is €0.2200, implying the stock looks roughly 12.0% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Nicolas Miguet et Associes SA generated revenue of €148K at a net margin of -51.6%. It earns a return on equity of -7.5%. Fundamentals as of Jul 12, 2026

Our scenario range runs from €0.1300 (bear case) to €0.2900 (bull case); at €0.2500, 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 47% below its 52-week high. For context, the median of 10 Financial Services peers we cover trades at -53% fair-value upside, at -12%, MLNMA 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
Gordon GGM €0.1200 €0.2000 €0.2600 70
DDM Multi-Stage €0.1200 €0.1900 €0.2200 61
NCAV (Graham) €0.0400 €0.0600 €0.0800 50
All 3 models by family
Dividend Discount
Gordon GGM €0.1200 €0.2000 €0.2600 70
DDM Multi-Stage €0.1200 €0.1900 €0.2200 61
Asset-Based
NCAV (Graham) €0.0400 €0.0600 €0.0800 50

Widest divergence: Dividend Discount (€0.1900) versus Asset-Based (€0.0600). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) €71.3K
Net margin -84.0%
Return on equity -6.3%
Operating margin -54.6%
EPS (TTM) €-0.1560
Net cash €3.7K FY2025

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

Quality Score breakdown

Overall quality 49/100

Of which business quality 54 · Market factors (momentum, volatility) 63

Profitability 2
Margins and returns on capital today
Quality Growth 18
Are margins and returns improving?
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 73
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

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.

Full company description

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

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€71.3K
Latest YoY
−53.6%
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.
−29.3%
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.
−42.6%
Avg. growth/yr (25Y) 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.
−9.2%
Revenue −44.5%/yr
FY21 €749K
FY22 €201K
FY23 €152K
FY24 €154K
FY25 €71.3K
Net income
FY21 −€1.8M
FY22 −€1.5M
FY23 −€870K
FY24 −€79.3K
FY25 −€59.8K

MLNMA screens 12% overvalued. Compare with S&P Global Inc →

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

Peer Group

Financial Data & Stock Exchanges · 54 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 · Bottom 25%
Fair Value upside −12% · Top 25%
Return on assets -2% · Bottom 25%
Net margin (TTM) -84% · Bottom 25%
Operating margin (TTM) -55% · Bottom 25%
Revenue growth 0% · Bottom 25%

Valuation Multiples vs Financial Data & Stock Exchanges median · lower = cheaper

P/B 1.52× · Cheaper than 75% of peers
P/S (TTM) 19.62× · 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 17 · sector 0
FUTURE 0 · sector 69
PAST 0 · sector 77
HEALTH 0 · sector 94
DIVIDEND 0 · sector 32

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 Financial Data & Stock Exchanges stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
S&P Global Inc SPGI $450.84 $196.36 -56%
CME Group CME $245.05 $145.51 -41%
Moody's Corporation MCO $504.46 $194.82 -61%
Intercontinental Exchange, Inc ICE $139.65 $75.95 -46%
Deutsche Börse AG DB1 €260.90 €142.42 -45%
Nasdaq, Inc NDAQ $88.08 $41.12 -53%
MSCI Inc MSCI $604.71 $214.91 -64%
Coinbase Global, Inc COIN $160.49 $57.05 -64%
Cboe Global Markets, Inc CBOE $273.41 $136.64 -50%
Hithink RoyalFlush Information Network Co 300033 ¥215.56 ¥55.36 -74%

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Frequently asked questions

Is Nicolas Miguet et Associes SA (MLNMA) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of €0.2200 versus a price of €0.2500, about −12% (overvalued).
What is the fair value of MLNMA?
Our model-based fair value for Nicolas Miguet et Associes SA is €0.2200 (as of Jul 12, 2026), built from audited fundamentals. The current price is €0.2500.
What is the quality score of MLNMA?
Nicolas Miguet et Associes SA has a Quality Score of 49/100. 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 Nicolas Miguet et Associes SA (MLNMA)?
Nicolas Miguet et Associes SA reported trailing-twelve-month revenue of about €148K (latest available figure, as of Jul 12, 2026).
What is the net profit margin of MLNMA?
The net profit margin of Nicolas Miguet et Associes SA is about -51.6%, meaning it is currently running at a net loss. 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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