Nacon S.A (NACON) Fair Value & Analysis
Communication Services · FR · Market cap €17.4M
Fair value as of: Jul 19, 2026
From 10 valuation models · updated 22 days ago
Share price −58.3% over the past month.
Below-average quality, screening 48% undervalued on our models.
What matters now
- The large discount to fair value meets weak quality (36/100). That raises the risk this is a value trap rather than a bargain.
- The price is below even our cautious bear case (€0.0894). The market is more pessimistic than our downside scenario.
- A fairly wide model range (€0.0894 to €0.1651) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.
How to read this chart
60‑month range €0.0810 – €6.39 · fair‑value band €0.0894 – €0.1651 · the €0.0860 price screens below the €0.1275 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.
Analysis
Nacon S.A (NACON) currently trades at €0.0860, while our model-based Fair Value estimate is €0.1275, implying the stock looks roughly 48.3% undervalued today. The Quality Score stands at 36/100 (below-average quality), in the Communication Services 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, Nacon S.A generated revenue of €169M at a net margin of -2.1%. Revenue grew 1.4% year over year. It earns a return on equity of -1.2%. Net debt stands at €114M. Fundamentals as of Jul 19, 2026
Our scenario range runs from €0.0894 (bear case) to €0.1651 (bull case); at €0.0860, 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. For context, the median of 10 Communication Services peers we cover trades at -19% fair-value upside, at 48%, NACON 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.
All 10 models by family
Widest divergence: Multiples (€0.1497) versus Growth DCF (€0.0422). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 41 · Market factors (momentum, volatility) 8
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
Nacon S.A., together with its subsidiaries, designs, develops, and markets video game accessories in France and internationally. The company offers console controllers under the NACON brand; video game accessories for racing under the Revosim brand; and gaming headsets, microphones, and in-ear gaming earbuds under the RIG brand.
Full company description
Nacon S.A., together with its subsidiaries, designs, develops, and markets video game accessories in France and internationally. The company offers console controllers under the NACON brand; video game accessories for racing under the Revosim brand; and gaming headsets, microphones, and in-ear gaming earbuds under the RIG brand. It also develops, publishes, and distributes video games in various categories, such as action and adventure, racing, sport, and simulation. The company exports its products to the British Isles, Germany, Italy, Belgium, Spain, rest of Europe, North America, Asia, and Africa. The company was incorporated in 2019 and is based in Fretin, France. Nacon S.A. is a subsidiary of BigBen Interactive.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Nacon S.A reported revenue of €168M in FY2025 versus €178M in FY2021, a compound −1.4%/yr. Reported net income was −€1.3M in FY2025.
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Peer Group
Electronic Gaming & Multimedia · 152 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.
Valuation Multiples vs Electronic Gaming & Multimedia median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Electronic Gaming & Multimedia stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NetEase, Inc 9999 | HK$202.60 | HK$192.74 | -5% |
| Electronic Arts Inc EA | $207.27 | $76.57 | -63% |
| Take-Two Interactive Software, Inc TTWO | $237.04 | $60.45 | -74% |
| Roblox Corporation RBLX | $57.07 | $21.20 | -63% |
| Zhejiang Century Huatong Group 002602 | ¥14.04 | ¥14.68 | +5% |
| KRAFTON, Inc 259960 | 240,500 KRW | 395,557 KRW | +64% |
| Kunlun Tech Co 300418 | ¥44.61 | ¥6.87 | -85% |
| Giant Network Group 002558 | ¥29.98 | ¥15.69 | -48% |
| International Games System Co 3293 | 704.00 TWD | 568.16 TWD | -19% |
| 37 Interactive Entertainment Network Technology Group 002555 | ¥19.02 | ¥22.29 | +17% |
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Frequently asked questions
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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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