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Proactis SA (PROAC) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Proactis SA €0.08, price €0.08, upside +4.0%, quality 52 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? Yes
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Technology · FR · ISIN FR0004052561

PS Thin data Sep 23, 2026

Proactis SA

PROAC · PA

NeutralThe stock looks roughly fairly valued with average quality.

·Fair value €0.0806 · Fairly valued (+4%)
!Quality 52/100
!Weak Growth (revenue 5y −5.5 %/yr)
!Loss-making · -93.0% net margin (TTM)
✓Negative equity (buybacks among others) · generates free cash flow
!Trails peers (3/9)
!Narrow moat 14/100
!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

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Price vs Fair Value

€0.1790 €0.0270 Fair Value €0.0806 Feb 2020 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 €0.0270 – €0.1790 · fair‑value band €0.0638 – €0.0974 · the €0.0775 price screens below the €0.0806 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

Proactis SA provides cloud-based spend management solutions in France, Germany, the United Kingdom, the Unites States, and internationally. It offers source-to-pay, supplier relationship management, contract management, procure-to-pay, sourcing, and accounts payable automation software, as well as AI and marketplace.

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Proactis SA provides cloud-based spend management solutions in France, Germany, the United Kingdom, the Unites States, and internationally. It offers source-to-pay, supplier relationship management, contract management, procure-to-pay, sourcing, and accounts payable automation software, as well as AI and marketplace. The company also provides professional services; application managed service; training; support services; integration of ERP, financial, and other supply chain systems; and invoice capture managed service. It serves housing, property and facilities management, not-for-profit, financial services, transport and logistics, public services, care providers, education, and professional services sectors. The company was formerly known as Hubwoo and changed its name to Proactis SA in January 2019. Proactis SA was incorporated in 1990 and is headquartered in Paris, France. The company operates as a subsidiary of Proactis Euro Hedgeco Limited.

Stock analysis

Proactis SA (PROAC) currently trades at €0.0775, while our model-based Fair Value estimate is €0.0806, implying the stock looks roughly 3.8% fairly valued today.

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Valuation

How firm this estimate is: it rests on 7 models at a data quality of 95/100, which puts the evidence level at low.

Scenario range: €0.0638 (bear) to €0.0974 (bull), the price of €0.0775 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 52/100 (solid quality), in the Technology sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Proactis SA reported revenue of €9.3M in FY2025 versus €12.4M in FY2020, a compound −5.5%/yr. Reported net income was −€1.1M in FY2025.

Key figures

Market cap €4.1M · P/S ratio 0.34 · Net margin −11.5% · Return on equity −3.9% · Return on assets (EBIT) −21.3% · Operating margin −11.6% · Revenue (TTM) €11.9M · Revenue growth (YoY) −5.2%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).

What moves the price

The share trades about 40% below its 52-week high and 187% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at −14% fair-value upside, at 4%, PROAC screens cheaper than that median.

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Quality Score breakdown

Overall quality 52/100

Of which business quality 52 · Market factors (momentum, volatility) 75

Profitability 27
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 35
Balance sheet, leverage, solvency risk
Investment 73
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 95
Price trend over the last 3–12 months (market factor)
52W Momentum 70
Distance to the 52-week high (market factor)
Net Issuance 100
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. 10/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−21.9%
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.
−13.4%
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.
−5.5%
Start year 2020 (pandemic). Over 10 years: −9.2% a year
Revenue growth 16 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.
−7.9%
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.
6.3% (2019) → −89.8% (2024)
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

Growth Forecast

A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+36.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +33.6% a year for the price.

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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 · 721 stocks

Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 52 · Below median
Fair Value upside +5% · Above median
Profitability
Return on equity (TTM) Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets −1% · Below median
Net margin (TTM) −93% · Bottom 25%
Operating margin (TTM) −12% · Bottom 25%
Growth and dividend
Revenue growth −5% · Bottom 25%
Balance sheet
Debt / equity Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.

Valuation Multiplesvs Software - Application median · lower = cheaper

P/B Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (TTM) 0.39× · Cheapest 25%
P/FCF 6.3× · Cheaper than median
PEG 1.37× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)39 · sector 27
FUTURE (revenue growth)0 · sector 38
PAST (return on equity)0 · sector 16
HEALTH (low debt)0 · sector 97
DIVIDEND (yield)0 · sector 30

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

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 €184.18 €159.06 −14%
Shopify Inc SHOP $142.34 $64.36 −55%
Uber Technologies, Inc UBER $69.89 $104.82 +50%
Salesforce, Inc CRM $233.28 $344.41 +48%
ServiceNow, Inc NOW $140.78 $154.86 +10%
Cadence Design Systems, Inc CDNS $309.09 $225.14 −27%
Snowflake Inc SNOW $334.81 $75.08 −78%
Datadog, Inc DDOG $251.49 $32.92 −87%
Adobe Inc ADBE $238.25 $454.04 +91%
Automatic Data Processing, Inc ADP $263.68 $177.51 −33%

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Cite: Fair Value Calculator (2026). "Proactis SA Fair Value". https://www.fairvalue-calculator.com/stock/PROAC

Frequently asked questions

Is Proactis SA (PROAC) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €0.0806 versus a price of €0.0775, about +4% upside (fairly valued).
What is the fair value of PROAC?
Our model-based fair value for Proactis SA is €0.0806 (as of Sep 23, 2026), built from audited fundamentals. The current price: €0.0775.
What is the quality score of PROAC?
Proactis SA has a Quality Score of 52/100. 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 Proactis SA (PROAC)?
Our model-based price target is the fair value of €0.0806 (as of Sep 23, 2026) from 7 valuation models. Cautious scenario €0.0638, optimistic scenario €0.0974. It is a calculation from audited fundamentals, not an analyst target.
What is the Proactis SA stock forecast for 2026?
Our models put fair value at €0.0806, about +4% upside versus a price of €0.0775 (fairly valued). Cautious scenario €0.0638, optimistic scenario €0.0974. The calculation is refreshed regularly with new filings.
What is the revenue of Proactis SA (PROAC)?
Proactis SA reported trailing-twelve-month revenue of about €11.9M (latest available figure, as of Sep 23, 2026).
What growth is priced into Proactis SA (PROAC)?
For today's price to be fair in a discounted-cash-flow model, Proactis SA would have to grow free cash flow by +36.5 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -5.5 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of PROAC use?
Our models discount Proactis SA at 10.3 %: a base by market capitalisation (nano), country premium for France. 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 Proactis SA that is +36.5 % per year a year over ten years, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Proactis SA (PROAC) delivered so far?
Over the past 5 years revenue at Proactis SA grew -5.5 % a year. The price currently implies +36.5 % 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 Proactis SA (PROAC) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Proactis SA (+36.5 % 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 Proactis SA (PROAC)?
The free-cash-flow yield on the price is 8.84 %: that much free cash flow Proactis SA produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Proactis SA (PROAC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Proactis SA it is €0.0806 per share (as of Sep 23, 2026), against a price of €0.0775. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Proactis SA stock overvalued or undervalued in 2026?
As of Sep 23, 2026, PROAC trades below its calculated fair value: price €0.0775, fair value €0.0806, a gap of about +4% (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 PROAC?
No. The price is what the market pays today (€0.0775); the fair value is what the company's own numbers justify (€0.0806). For Proactis SA the two are €0.0031 per share apart. That gap is exactly why we show both numbers side by side.
How much is Proactis SA worth?
The market values Proactis SA at about €4.1M (market capitalisation, as of Sep 23, 2026). Per share that is €0.0775; our models calculate a fair value of €0.0806 per share.
What do the bullish and bearish scenarios say about PROAC?
Our models span a range for Proactis SA: cautious scenario €0.0638, base €0.0806, optimistic €0.0974 per share (as of Sep 23, 2026, price €0.0775). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of PROAC?
The PEG ratio of Proactis SA is 1.37 (P/E divided by earnings growth, as of Sep 23, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Proactis SA (PROAC)?
Balance-sheet figures for Proactis SA (as of Sep 23, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is PROAC from its 52-week high?
Proactis SA trades at €0.0775, about 40% below its 52-week high of €0.1300 and 187% above the low of €0.0270 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of €0.0806 is for.
Which stocks are comparable to Proactis SA?
From the same area (Technology) we also value SAP SE, Shopify Inc, Uber Technologies, Inc, Salesforce, 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 Proactis SA stock attractive at the current price?
The data as of Sep 23, 2026: price €0.0775, calculated fair value €0.0806 (+4%), Quality Score 52/100, from 7 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 PROAC calculated?
We run Proactis SA through 7 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 €0.0806, 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. Proactis SA currently trades 4 % 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 Proactis SA (PROAC)?
The closing price on Sep 24, 2026 was €0.0775. Our model-based fair value is €0.0806, about +4% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Proactis SA right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Proactis SA

How large is the market capitalisation of Proactis SA (PROAC)?
The market capitalisation of Proactis SA is €4.1M. 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 Proactis SA (PROAC)?
The price-to-sales ratio of Proactis SA is 0.34 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Proactis SA (PROAC)?
The net margin of Proactis SA is −11.5% (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 Proactis SA (PROAC)?
The return on equity (ROE) of Proactis SA is −3.9% (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 Proactis SA (PROAC)?
On an EBIT basis the return on assets of Proactis SA is −21.3% (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 Proactis SA (PROAC)?
The operating margin of Proactis SA is −11.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Proactis SA (PROAC)?
Revenue at Proactis SA is growing −5.2% versus a year earlier (3y avg −14.8%). 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 Proactis SA (PROAC)?
Earnings per share at Proactis SA are growing +333% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Proactis SA (PROAC) hold?
Proactis SA holds more cash than debt, €1.1M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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