EN DE

Lagardere SA (MMB) Fair Value & Analysis

Consumer Cyclical · FR · Market cap €2.7B

LS Lagardere SA MMB · PA
Price€18.84
Fair Value€31.25
Upside+65.9%
Quality58/100
Watch Lagardere SA for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Thin margins · 2.2% net margin
High debt · generates free cash flow
3.47% dividend yield
Ranks above peers (11/15)
Moderate moat 50/100
Evidence: High Range €23.44 – €39.07 Share as image

Fair value as of: Jul 16, 2026

From 25 valuation models · updated 24 days ago

Share price −5.4% 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 (€23.44). The market is more pessimistic than our downside scenario.
  • Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

€21.37 €12.18 Fair Value €31.25 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range €12.18 – €21.37 · fair‑value band €23.44 – €39.07 · the €18.84 price screens below the €31.25 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Lagardere SA (MMB) currently trades at €18.84, while our model-based Fair Value estimate is €31.25, implying the stock looks roughly 65.9% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Consumer Cyclical 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: high), always confirm before acting.

Over the trailing twelve months, Lagardere SA generated revenue of €9.4B at a net margin of 2.2%. Revenue grew 5.3% year over year. It earns a return on equity of 24.2%. Net debt stands at €4.5B. Fundamentals as of Jul 16, 2026

Our scenario range runs from €23.44 (bear case) to €39.07 (bull case); at €18.84, 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 12% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -24% fair-value upside, at 66%, MMB 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 BearBaseBull Evidence
Highest evidence
Growth DCF €62.68 €87.61 €119.77 80
Residual Income €8.70 €11.17 €39.88 76
Rev-Margin DCF €40.93 €61.19 €82.82 74
All 25 models by family
DCF Models
FCF DCF €60.73 €87.38 €123.12 38
Owner Earnings €46.76 €67.97 €96.42 31
5Y Revenue Exit €40.93 €60.03 €82.88 39
5Y EBITDA Exit €67.47 €106.63 €149.75 41
5Y P/E Exit €30.96 €42.54 €53.57 38
10Y Revenue Exit €47.01 €65.06 €86.17 36
10Y EBITDA Exit €64.21 €95.64 €133.24 37
10Y P/E Exit €42.01 €53.58 €65.54 35
Earnings-Based
Graham-Dodd €9.66 €20.81 €26.45 54
PEG = 1.0 €3.22 €4.60 €5.98 46
EPV €24.27 €29.32 €33.68 59
Dividend Discount
Gordon GGM €5.84 €8.85 €11.97 70
DDM Multi-Stage €5.84 €8.27 €10.91 61
Multiples
P/E Multiple €23.44 €31.25 €39.07 63
P/S Multiple €18.11 €24.15 €30.19 58
P/B Multiple €18.11 €24.15 €30.19 55
EV/EBIT €50.28 €69.61 €88.95 53
EV/EBITDA €83.34 €113.70 €144.06 54
EV/Revenue €31.37 €48.13 €64.89 43
Asset-Based
NCAV (Graham) €3.11 €4.16 €6.21 50
Growth DCF
Growth DCF €62.68 €87.61 €119.77 80
Rev-Margin DCF €40.93 €61.19 €82.82 74
Economic Profit
Residual Income €8.70 €11.17 €39.88 76
ROIC Compounder €25.32 €31.94 €38.68 72
Growth Earnings
Growth-Adj P/E €17.27 €24.68 €32.08 68

Widest divergence: DCF Models (€65.06) versus Asset-Based (€4.16). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €9.4B
Revenue growth (YoY) +5.3%
Net margin 2.2%
Return on equity 24.2%
Free cash flow €980M FY2025
P/E ratio 13.0
More key figures
Operating margin 8.3%
EPS (TTM) €1.43
Dividend yield 3.7%
EPS growth (YoY) -4.5%
Net debt €4.5B FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 54 · Market factors (momentum, volatility) 56

Profitability 43
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 69
Earnings quality: real cash, not paper profit
Fin. Strength 10
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 83
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 43
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

Lagardere SA engages in content publishing, production, and broadcasting of media, entertainment, and the distribution of products and services in France, the United Kingdom, the United States, Canada, Spain, Latin America, and internationally. It operates through three segments: Lagardère Publishing, Lagardère Travel Retail, and Lagardère Live.

Full company description

Lagardere SA engages in content publishing, production, and broadcasting of media, entertainment, and the distribution of products and services in France, the United Kingdom, the United States, Canada, Spain, Latin America, and internationally. It operates through three segments: Lagardère Publishing, Lagardère Travel Retail, and Lagardère Live. The Lagardère Publishing segment includes book publishing, covering areas, such as education, general literature, illustrated books, textbooks, extra-curricular works, partworks, dictionaries, children and young adult titles, paperbacks, travel guides, board games, and premium stationery in English, French, and Spanish. The Lagardère Travel Retail segment is involved in retail activities in transit areas and concessions in travel essentials, duty free and fashion, and food services. It operates stores under its own international brands, including Relay, Hubiz, 1Minute, Hub Convenience, Discover, Tech2go, Aelia Duty Free, The Fashion Gallery, The Fashion Place, Eye Love, Bread&Co., So! Coffee, Trib's, Vino Volo, FIX, Beercode, Natoo, and Marché, as well as local identity store names such as Bottega dei Sapori, The Belgian Chocolate House, Sawa, Extime Duty Free, and Icons. It also operates stores under franchises or licenses with retail partners that include Hermès, Victoria's Secret, LEGO, Fnac, iStore, Miniso, Nespresso, Costa Coffee, Burger King, EL&N, Panda Express, Pierre Hermé, Eric Kayser, and Paul. The Lagardère Live segment comprises Lagardère News under Le Journal du Dimanche, Le JDNews, Le JDMag, and the Elle brand; Lagardère Radio; Lagardère Live Entertainment; and the Lagardère Paris Racing sports club. The company was formerly known as Lagardère SCA and changed its name to Lagardere SA in June 2021. Lagardere SA was founded in 1826 and is headquartered in Paris, France. Lagardere SA operates as a subsidiary of Louis Hachette Group S.A.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Lagardere SA reported revenue of €9.4B in FY2025 versus €5.2B in FY2021, a compound +16.2%/yr. Reported net income was €203M in FY2025.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€9.4B
Latest YoY
+4.7%
Avg. growth/yr (3Y)
+10.5%
Avg. growth/yr (5Y)
+16.0%
Avg. growth/yr (21Y)
−1.3%
Revenue +16.2%/yr
FY21 €5.2B
FY22 €7.0B
FY23 €8.1B
FY24 €9.0B
FY25 €9.4B
Net income
FY21 −€101M
FY22 €161M
FY23 €144M
FY24 €168M
FY25 €203M

Watch MMB: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Lagardere SA Fair Value". https://www.fairvalue-calculator.com/stock/MMB

Peer Group

Specialty Retail · 221 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 58 · Above median
Fair Value upside +66% · Top 25%
Return on equity (TTM) 24% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 2% · Above median
Operating margin (TTM) 8% · Above median
Revenue growth 5% · Above median
Dividend yield (TTM) 3.5% · Above median
Debt / equity 1.96× · Higher than 75% of peers

Valuation Multiples vs Specialty Retail median · lower = cheaper

P/E (TTM) 13.3× · Cheaper than median
P/B 3.55× · Pricier than 75% of peers
P/S (TTM) 0.33× · Cheaper than median
P/FCF 3.2× · Pricier than median
EV/EBITDA 4.5× · Cheaper than median
PEG 2.55× · 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 31
FUTURE 27 · sector 23
PAST 97 · sector 27
HEALTH 2 · sector 94
DIVIDEND 69 · sector 51

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 Specialty Retail stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Casey's General Stores, Inc CASY $827.04 $405.44 -51%
Williams-Sonoma, Inc WSM $222.84 $164.16 -26%
Ulta Beauty, Inc ULTA $479.57 $488.39 +2%
DICK'S Sporting Goods, Inc DKS $208.89 $181.10 -13%
Best Buy Co BBY $83.98 $109.12 +30%
China Tourism Group 601888 ¥52.90 ¥40.40 -24%
Tractor Supply Company TSCO $31.01 $35.52 +15%
Murphy USA Inc MUSA $618.57 $423.35 -32%
Five Below, Inc FIVE $197.71 $117.29 -41%
Taiwan Mobile Co 3045 110.50 TWD 80.98 TWD -27%

Compare Lagardere SA with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Lagardere SA (MMB) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of €31.25 versus a price of €18.84, about +66% (undervalued).
What is the fair value of MMB?
Our model-based fair value for Lagardere SA is €31.25 (as of Jul 16, 2026), built from audited fundamentals. The current price is €18.84.
What is the quality score of MMB?
Lagardere SA has a Quality Score of 58/100. 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 Lagardere SA (MMB)?
Lagardere SA reported trailing-twelve-month revenue of about €9.4B (latest available figure, as of Jul 16, 2026).
What is the net profit margin of MMB?
The net profit margin of Lagardere SA is about 2.2%, meaning it keeps roughly 2.2% of revenue as net income. Based on the latest reported figures.
Does Lagardere SA pay a dividend?
Lagardere SA currently shows a dividend yield of about 3.71% relative to its recent price (as of Jul 16, 2026).

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.

14 days Pro free · no card

Track Lagardere SA and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.