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

As of Sep 24, 2026: fair value of Nicolas Miguet et Associes SA €0.08, price €0.21, upside -61.2%, quality 49 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Financial Services · FR · ISIN FR0010500363

NM Thin data Sep 23, 2026

Nicolas Miguet et Associes SA

MLNMA · PA

Weakest SetupStrongly overvalued and low quality.

!Fair value €0.0800 · Strongly overvalued (−61%)
!Quality 49/100
!Weak Growth (revenue 5y −42.6 %/yr)
!Loss-making · -84.0% net margin (TTM)
!Trails peers (1/9)
!Narrow moat 11/100
!Evidence only low, so the estimate is less certain
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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

€1.96 €0.0160 Fair Value €0.0800 Jul 2021 Sep 2026

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 €0.0160 – €1.96 · fair‑value band €0.0600 – €0.1000 · the €0.2060 price screens above the €0.0800 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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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 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.

Stock analysis

Nicolas Miguet et Associes SA (MLNMA) currently trades at €0.2060, while our model-based Fair Value estimate is €0.0800, implying the stock looks roughly 157.5% overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 89/100, which puts the evidence level at low.

Scenario range: €0.0600 (bear) to €0.1000 (bull), the price of €0.2060 sits above 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 49/100 (below-average 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 €2.2M · P/S ratio 17.0 · EPS (TTM) €−0.1560 · Net margin −84.0% · Return on equity −6.3% · Return on assets (EBIT) −4.1% · Operating margin −54.6% · Revenue (TTM) €71.3K.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).

What moves the price

The share trades about 61% below its 52-week high and 1,188% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −27% fair-value upside, at −61%, MLNMA screens richer than that median.

Fair Value models

Bear €0.0600 Fair Value €0.0800 Bull €0.1000
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.
Highest evidence
NCAV (Graham) €0.0400 €0.0600 €0.0800 52
All 1 models by family
Asset-Based
NCAV (Graham) €0.0400 €0.0600 €0.0800 52

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Quality Score breakdown

Overall quality 49/100

Of which business quality 54 · Market factors (momentum, volatility) 47

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 67
Price trend over the last 3–12 months (market factor)
52W Momentum 69
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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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 158% overvalued. 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 · 55 stocks

Beats the industry median on 1/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 54 · Bottom 25%
Fair Value upside −61% · Bottom 25%
Profitability
Return on assets −2% · Bottom 25%
Net margin (TTM) −84% · Bottom 25%
Operating margin (TTM) −55% · Bottom 25%
Growth and dividend
Revenue growth 0% · Bottom 25%

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

P/B 2.78× · Cheaper than median
P/S (TTM) 35.85× · Priciest 25%

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.

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S&P Global Inc SPGI $402.44 $215.59 −46%
CME Group CME $270.80 $198.91 −27%
Moody's Corporation MCO $473.85 $196.68 −58%
Intercontinental Exchange, Inc ICE $156.35 $137.48 −12%
Hong Kong Exchanges and Clearing Limited 0388 HK$395.80 HK$414.49 +5%
Deutsche Börse AG DB1 €282.80 €224.59 −21%
Nasdaq, Inc NDAQ $95.44 $41.12 −57%
MSCI Inc MSCI $555.70 $261.03 −53%
Coinbase Global, Inc COIN $198.13 $143.58 −28%
Cboe Global Markets, Inc CBOE $268.87 $247.02 −8%

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Nicolas Miguet et Associes SA · Fair Value
€0.0800 −158%Fair Value
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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 Sep 23, 2026, our model estimates a fair value of €0.0800 versus a price of €0.2060, about −61% upside (overvalued).
What is the fair value of MLNMA?
Our model-based fair value for Nicolas Miguet et Associes SA is €0.0800 (as of Sep 23, 2026), built from audited fundamentals. The current price: €0.2060.
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 price target for Nicolas Miguet et Associes SA (MLNMA)?
Our model-based price target is the fair value of €0.0800 (as of Sep 23, 2026) from 1 valuation models. Cautious scenario €0.0600, optimistic scenario €0.1000. It is a calculation from audited fundamentals, not an analyst target.
What is the Nicolas Miguet et Associes SA stock forecast for 2026?
Our models put fair value at €0.0800, about −61% upside versus a price of €0.2060 (overvalued). Cautious scenario €0.0600, optimistic scenario €0.1000. 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 Sep 23, 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 €0.0800 per share (as of Sep 23, 2026), against a price of €0.2060. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Nicolas Miguet et Associes SA stock overvalued or undervalued in 2026?
As of Sep 23, 2026, MLNMA trades above its calculated fair value: price €0.2060, fair value €0.0800, a gap of about −61% (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 (€0.2060); the fair value is what the company's own numbers justify (€0.0800). For Nicolas Miguet et Associes SA the two are €0.1260 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 €2.2M (market capitalisation, as of Sep 23, 2026). Per share that is €0.2060; our models calculate a fair value of €0.0800 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 €0.0600, base €0.0800, optimistic €0.1000 per share (as of Sep 23, 2026, price €0.2060). 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 Sep 23, 2026): return on equity −6.3%. They feed the Quality Score of 49/100, 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 €0.2060, about 61% below its 52-week high of €0.5300 and 1,188% above the low of €0.0160 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of €0.0800 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, Moody's Corporation, Intercontinental Exchange, Inc, 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 Sep 23, 2026: price €0.2060, calculated fair value €0.0800 (−61%), Quality Score 49/100, from 1 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 MLNMA calculated?
We run Nicolas Miguet et Associes SA through 1 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 €0.0800, 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. 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 Sep 24, 2026 was €0.2060. Our model-based fair value is €0.0800, about −61% upside (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?
The price sits above even our optimistic bull case (€0.1000). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder. 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 €2.2M. 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 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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