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Quadient S.A (NPACF) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of Quadient S.A $14.08, price $13.00, upside +8.3%, quality 43 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
  3. Add to watchlist

Technology · US · Home France · ISIN FR0000120560

QS Quadient S.A logo Some data Sep 24, 2026

Quadient S.A

NPACF · US

Low PriorityFair Value upside is limited and quality is weak.

·Fair value $14.08 · Fairly valued (+8.3%)
!Quality 43/100
!Weak Growth (revenue 5y +0.1 %/yr)
!Loss-making · -6.6% net margin (TTM)
✓Moderate debt · generates free cash flow
✓5.8% dividend yield · Cash covered
!Narrow moat 32/100
!Evidence only medium, 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

$25.83 $11.08 Fair Value $14.08 Feb 2016 Oct 2026

White line = price, green steps = our fair value per fiscal year. As of Sep 24, 2026.

How to read this chart

60‑month range $11.08 – $25.83 · fair‑value band $10.40 – $21.94 · the $13.00 price screens below the $14.08 fair value. As of Sep 24, 2026.

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Company profile

Quadient S.A. provides digital, mail, and lockers for customers through digital and physical channels in North America, Austria, Benelux, France, Germany, Ireland, Italy, Switzerland, and the United Kingdom, and internationally. It provides open network infrastructure, as well as sells and rents lockers.

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Quadient S.A. provides digital, mail, and lockers for customers through digital and physical channels in North America, Austria, Benelux, France, Germany, Ireland, Italy, Switzerland, and the United Kingdom, and internationally. It provides open network infrastructure, as well as sells and rents lockers. The company also offers Inspire Evolve, a SaaS customer communication management; Inspire Flex, an enterprise customer communication management; Inspire iForms, enterprise forms automation software; Inspire Journey, a customer journey mapping software; Impress automate, for document preparation; and Impress Distribute, automated document delivery solutions. In addition, it supplies software, equipment, and services for managing incoming and outgoing mails; and provides a hardware and software platform that facilitates invoicing and customer communications, multichannel mail processing, last-mile parcel delivery, and the consolidation of their returns. Further, the company operates a pick-up, drop-off solution that offers businesses and people who need to manage their deliveries and returns; and postage meters and mailing systems, folder inserters, mail openers, digital printers and addressing, parcel shipping and tracking solutions, smart mailing software, and ink and supplies, as well as offers small business mailing and shipping, mail automation, production mail, and healthcare solutions. Additionally, it provides invoice automation, purchase orders, expenses, and payments; and credit management, invoice delivery, collections workflows, dispute management, customer payments, cash application, and analytics and AI. It serves the financial services, healthcare, logistics, higher education, insurance, and retail industries, as well as service provider industries. The company was formerly known as Neopost S.A. and changed its name to Quadient S.A. in September 2019. Quadient S.A. was founded in 1924 and is headquartered in Bagneux, France.

Stock analysis

Quadient S.A (NPACF) currently trades at $13.00, while our model-based Fair Value estimate is $14.08, so the stock looks roughly fairly valued today (gap 7.7%).

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Valuation

Bull case: the Multiples group reads highest at a median of $78.79 per share, and 11 of the 15 models we run sit above the $13.00 price.

Bear case: the Dividend Discount group reads lowest at $6.74, and 4 of the 15 models stay below the price. Evidence for this calculation is medium.

Scenario range: $10.40 (bear) to $21.94 (bull), the price of $13.00 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 43/100 (below-average quality), in the Technology sector.

Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.

Quadient S.A reported revenue of €1.0B in FY2026 versus €1.0B in FY2022, a compound +0.3%/yr. Reported net income was −€66.9M in FY2026.

Key figures

Market cap $447M · P/S ratio 0.43 · EPS (TTM) $−2.30 · Dividend yield 5.8% · Net margin −6.5% · Return on equity −6.3% · Return on assets (EBIT) 4.2% · Operating margin 15.2%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).

What moves the price

The share trades about 22% below its 52-week high and at its 52-week low.

For context, the median of 10 Technology peers we cover trades at −8% fair-value upside, at 8%, NPACF screens cheaper than that median.

Fair Value models

Bear $10.40 Fair Value $14.08 Bull $21.94
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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. 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
FCF DCF $5.81 $12.26 $23.58 76
Growth DCF $6.49 $12.63 $22.54 75
EPV $10.61 $14.33 $17.44 74
All 15 models by family
DCF Models
FCF DCF $5.81 $12.26 $23.58 76
5Y Revenue Exit $11.92 $25.96 $46.71 69
5Y EBITDA Exit $39.87 $73.85 $119.46 73
10Y Revenue Exit $8.25 $18.38 $29.60 64
10Y EBITDA Exit $24.64 $46.18 $70.20 67
Earnings-Based
EPV $10.61 $14.33 $17.44 74
Dividend Discount
Gordon GGM $6.19 $6.74 $7.50 69
DDM Multi-Stage $6.19 $7.56 $9.19 67
Multiples
EV/EBIT $54.91 $78.79 $102.67 65
EV/EBITDA $79.67 $111.80 $143.93 67
EV/Revenue $19.50 $35.02 $50.54 52
Asset-Based
NCAV (Graham) $16.03 $21.48 $32.06 54
Growth DCF
Growth DCF $6.49 $12.63 $22.54 75
Rev-Margin DCF $11.92 $26.54 $44.60 70
Economic Profit
ROIC Compounder $10.61 $14.33 $17.44 72

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Quality Score breakdown

Overall quality 43/100

Of which business quality 40 · Market factors (momentum, volatility) 31

Profitability 19
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 27
Earnings quality: real cash, not paper profit
Fin. Strength 33
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 32
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 36
Distance to the 52-week high (market factor)
Net Issuance 75
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. 23/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−5.3%
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.
−1.1%
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.
+0.1%
Start year 2021 (pandemic). Over 10 years: −1.4% a year
Revenue growth 24 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.
+2.5%
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.
14.6% (2020) → 11.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed

Growth Forecast

A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+15.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+1.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in EUR, euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +13.1% a year for the price and −1.1% for the forecasts.
Forecast 2027 (sales)−0.8%
Forecast 2028 (sales)+1.4%
Projected 2029 (sales)+1.5%
Projected 2030 (sales)+1.5%
Projected 2031 (sales)+1.6%

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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.Software - Application · 687 stocks

Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 43 · Bottom 25%
Fair Value upside +136.9% · Top 25%
Profitability
Return on assets 3.3% · Above median
Net margin (TTM) −6.6% · Below median
Operating margin (TTM) 15.2% · Above median
Growth and dividend
Revenue growth −7.1% · Bottom 25%
Dividend yield (TTM) 5.8% · Top 25%
Balance sheet
Debt / equity 0.64× · Highest 25%

Valuation Multiplesvs Software - Application median · lower = cheaper

P/B 0.46× · Cheapest 25%
P/S (TTM) 0.43× · Cheapest 25%
P/FCF 9.7× · Cheaper than median
EV/EBITDA 5.1× · Cheapest 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 Software - Application stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
SAP SE SAP €186.74 €172.46 −8%
Salesforce, Inc CRM $229.57 $342.73 +49%
Shopify Inc SHOP $144.01 $64.36 −55%
ServiceNow, Inc NOW $134.01 $147.41 +10%
Uber Technologies, Inc UBER $69.36 $103.69 +49%
Snowflake Inc SNOW $330.31 $74.36 −77%
Automatic Data Processing, Inc ADP $261.80 $150.01 −43%
Adobe Inc ADBE $239.94 $454.04 +89%
Datadog, Inc DDOG $268.70 $32.52 −88%
Cadence Design Systems, Inc CDNS $326.70 $225.48 −31%

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Cite: Fair Value Calculator (2026). "Quadient S.A Fair Value". https://www.fairvalue-calculator.com/stock/NPACF

Frequently asked questions

Is Quadient S.A (NPACF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $14.08 versus a price of $13.00, about +8% upside (fairly valued).
What is the fair value of NPACF?
Our model-based fair value for Quadient S.A is $14.08 (as of Sep 24, 2026), built from audited fundamentals. The current price: $13.00.
What is the quality score of NPACF?
Quadient S.A has a Quality Score of 43/100. 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 Quadient S.A (NPACF)?
Our model-based price target is the fair value of $14.08 (as of Sep 24, 2026) from 15 valuation models. Cautious scenario $10.40, optimistic scenario $21.94. It is a calculation from audited fundamentals, not an analyst target.
What is the Quadient S.A stock forecast for 2026?
Our models put fair value at $14.08, about +8% upside versus a price of $13.00 (fairly valued). Cautious scenario $10.40, optimistic scenario $21.94. The calculation is refreshed regularly with new filings.
What is the revenue of Quadient S.A (NPACF)?
Quadient S.A reported trailing-twelve-month revenue of about €1.0B (latest available figure, as of Sep 24, 2026).
Does Quadient S.A pay a dividend?
Quadient S.A currently shows a dividend yield of about 5.77% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Quadient S.A (NPACF)?
For today's price to be fair in a discounted-cash-flow model, Quadient S.A would have to grow free cash flow by +15.6 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of NPACF use?
Our models discount Quadient S.A at 11.2 %: a base by market capitalisation (small), damped by beta 0.98, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Quadient S.A that is +15.6 % per year a year over ten years, using the same discount rate (11.2 %) and the same formula as our fair value.
How much growth has Quadient S.A (NPACF) delivered so far?
Over the past 5 years revenue at Quadient S.A grew +0.1 % a year. The price currently implies +15.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Quadient S.A (NPACF) growing?
The median revenue growth in the sector is +9.9 % a year. That is the yardstick for the growth priced into Quadient S.A (+15.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Quadient S.A (NPACF)?
The free-cash-flow yield on the price is 11.56 %: that much free cash flow Quadient S.A produces per unit of market value. When it exceeds the discount rate of our models (11.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Quadient S.A (NPACF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Quadient S.A it is $14.08 per share (as of Sep 24, 2026), against a price of $13.00. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Quadient S.A stock overvalued or undervalued in 2026?
As of Sep 24, 2026, NPACF trades below its calculated fair value: price $13.00, fair value $14.08, a gap of about +8% (fairly valued). 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 NPACF?
No. The price is what the market pays today ($13.00); the fair value is what the company's own numbers justify ($14.08). For Quadient S.A the two are $1.08 per share apart. That gap is exactly why we show both numbers side by side.
How much is Quadient S.A worth?
The market values Quadient S.A at about $447M (market capitalisation, as of Sep 24, 2026). Per share that is $13.00; our models calculate a fair value of $14.08 per share.
What do the bullish and bearish scenarios say about NPACF?
Our models span a range for Quadient S.A: cautious scenario $10.40, base $14.08, optimistic $21.94 per share (as of Sep 24, 2026, price $13.00). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Quadient S.A (NPACF)?
Balance-sheet figures for Quadient S.A (as of Sep 24, 2026): return on equity −6.3%, debt of 0.64 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is NPACF from its 52-week high?
Quadient S.A trades at $13.00, about 22% below its 52-week high of $16.69 and at the low of $13.00 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $14.08 is for.
Which stocks are comparable to Quadient S.A?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, 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 Quadient S.A stock attractive at the current price?
The data as of Sep 24, 2026: price $13.00, calculated fair value $14.08 (+8%), Quality Score 43/100, from 15 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 NPACF calculated?
We run Quadient S.A through 15 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 $14.08, 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 14.5 % above its aggregate fair value. Quadient S.A currently trades 8 % below its own fair value, and the market average says nothing about that. 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 Quadient S.A (NPACF)?
The closing price on Oct 2, 2026 was $13.00. Our model-based fair value is $14.08, about +8% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Quadient S.A right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($10.40 to $21.94) leaves room in how you read the outcome.
Where does the earnings growth of Quadient S.A (NPACF) come from?
Earnings per share at Quadient S.A grew −6.0 % a year from 2015 to 2026. Broken into its drivers: revenue per share +0.6 %, EBIT margin −5.7 %, tax rate +0.6 %, residual (interest, one-offs) −1.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Quadient S.A

How large is the market capitalisation of Quadient S.A (NPACF)?
The market capitalisation of Quadient S.A is $447M. 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 Quadient S.A (NPACF)?
The price-to-sales ratio of Quadient S.A is 0.43 (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 Quadient S.A (NPACF)?
Earnings per share at Quadient S.A are $−2.30. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Quadient S.A (NPACF)?
The dividend yield of Quadient S.A is 5.8%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Quadient S.A (NPACF)?
The net margin of Quadient S.A is −6.5% (fiscal year 2026). 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 Quadient S.A (NPACF)?
The return on equity (ROE) of Quadient S.A 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 Quadient S.A (NPACF)?
On an EBIT basis the return on assets of Quadient S.A is 4.2% (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 Quadient S.A (NPACF)?
The operating margin of Quadient S.A is 15.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Quadient S.A (NPACF)?
Revenue at Quadient S.A is growing −7.1% versus a year earlier (3y avg −1.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Quadient S.A (NPACF)?
Earnings per share at Quadient S.A are growing +27.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Quadient S.A (NPACF) carry?
The net debt of Quadient S.A is €681M (fiscal year 2026, ≈ 14.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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