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Oeneo SA (SBT) Fair Value & Analysis

Consumer Defensive · FR · Market cap €578M · ISIN FR0000052680

What is Oeneo SA really worth?

OS Oeneo SA SBT · PA
Price€9.18
Fair Value€8.11
Upside−11.7%
Quality64/100

A solid business, but trading 13% above our fair value of €8.11.

As of Aug 13, 2026, the fair value of Oeneo SA is €8.11 per share against a price of €9.18, so the fair value sits 12% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Low debt · generates free cash flow

Risks

!Weak Growth (revenue 5y +0.2 %/yr)
!Thin margins · 9.7% net margin
!Mixed vs. peers (7/15)
!Moderate moat 49/100
!Weak on valuation: 18 out of 100

For context

·3.81% dividend yield
Evidence: High Range €5.53 – €11.24

Fair value as of: Aug 13, 2026

From 23 valuation models · updated 23 days ago

Fair value updated Aug 13, 2026, revised from €8.85 to €8.11 (−8.4%) since Jul 16, 2026. Share price −0.2% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • A fairly wide model range (€5.53 to €11.24) leaves room in how you read the outcome.
  • The price sits in the upper half of our model range, so the margin of safety is thin.
  • The data supports the verdict: every model runs on fully documented inputs.

Price vs Fair Value (5 years)

€14.67 €8.15 Fair Value €8.11 Jul 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range €8.15 – €14.67 · fair‑value band €5.53 – €11.24 · the €9.18 price screens above the €8.11 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Oeneo SA (SBT) currently trades at €9.18, while our model-based Fair Value estimate is €8.11, implying the stock looks roughly 13.2% overvalued today. The Quality Score stands at 64/100 (solid quality), in the Consumer Defensive sector. Bull case: the Growth Earnings group reads highest at a median of €7.43 per share, and 3 of the 23 models we run sit above the €9.18 price. Bear case: the Asset-Based group reads lowest at €3.35, and 20 of the 23 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Oeneo SA generated revenue of €292M at a net margin of 9.4%. Revenue declined 8.3% year over year. It earns a return on equity of 8.8%. Net debt stands at €56.1M. Fundamentals as of Aug 13, 2026

Our scenario range runs from €5.53 (bear case) to €11.24 (bull case); at €9.18, the current price sits within 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 3% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at −4% fair-value upside, at −12%, SBT screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly €0.0305 per share, which is 0.4 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
Highest evidence
FCF DCF €5.31 €7.43 €10.10 81
Growth DCF €5.40 €7.31 €9.59 80
Owner Earnings €2.89 €4.13 €5.68 77
All 23 models by family
DCF Models
FCF DCF €5.31 €7.43 €10.10 81
Owner Earnings €2.89 €4.13 €5.68 77
5Y Revenue Exit €4.46 €6.69 €9.43 73
5Y EBITDA Exit €6.56 €10.46 €14.85 75
5Y P/E Exit €5.38 €8.35 €11.32 71
10Y Revenue Exit €4.65 €6.61 €9.00 67
10Y EBITDA Exit €5.97 €8.95 €12.64 68
10Y P/E Exit €5.29 €7.64 €10.28 64
Earnings-Based
Graham-Dodd €2.91 €7.28 €9.44 65
PEG = 1.0 €1.33 €1.90 €2.47 57
EPV €3.16 €3.65 €4.06 74
Multiples
P/E Multiple €6.75 €8.99 €11.24 63
P/S Multiple €5.28 €7.04 €8.79 58
P/B Multiple €5.46 €7.28 €9.10 55
EV/EBIT €7.22 €9.78 €12.35 66
EV/EBITDA €8.56 €11.58 €14.59 67
EV/Revenue €4.15 €6.13 €8.10 53
Asset-Based
NCAV (Graham) €2.50 €3.35 €5.00 54
Growth DCF
Growth DCF €5.40 €7.31 €9.59 80
Rev-Margin DCF €4.46 €6.78 €9.32 73
Economic Profit
Residual Income €3.97 €4.20 €4.54 76
ROIC Compounder €3.16 €3.65 €4.06 72
Growth Earnings
Growth-Adj P/E €5.20 €7.43 €9.65 67

Widest divergence: DCF Models (€7.43) versus Asset-Based (€3.35). Highest evidence: FCF DCF (81).

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Key figures & financial health

P/E ratio 21.9
P/S ratio 2.13 P/E × margin
EPS (TTM) €0.4200 price ÷ EPS = P/E 21.9
Dividend yield 3.8% payout 83.3%
Net margin 9.7% FY2026
Return on equity 8.8% TTM
More key figures
Profitability
Return on assets (EBIT) 9.5% avg 5y
Operating margin 14.0% TTM
Growth
Revenue (TTM) €292M TTM
Revenue growth (YoY) −8.3% 3y avg −7.5%
EPS growth (YoY) −15.0%
Balance sheet & cash flow
Free cash flow €40.5M FY2026
Net debt €56.1M FY2026 · ≈ 1.4 yrs of FCF

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 62 · Market factors (momentum, volatility) 61

Profitability 36
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 73
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 96
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 55
Distance to the 52-week high (market factor)
Net Issuance 88
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Oeneo SA operates in the wine industry worldwide. The company manufactures and sale of cork closures. It also provides products and solutions in wine making and spirits. Oeneo SA was founded in 1838 and is headquartered in Bordeaux, France. Oeneo SA operates as a subsidiary of Caspar SAS.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Oeneo SA reported revenue of €275M in FY2026 versus €326M in FY2022, a compound −4.1%/yr. Reported net income was €26.8M in FY2026, compounding −7.8%/yr from FY2022.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
€275M
Latest YoY
−9.7%
Avg. revenue growth/yr (3Y) 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.
−7.5%
Avg. revenue growth/yr (5Y) 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.
+0.2%
Avg. revenue growth/yr (21Y) 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.
+2.5%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+1.1% · in EUR
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−2.7%
Dividend yield3.8%
Trend Two data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y −2.7% vs 10Y 0.9%, flattening
Operating margin (EBIT) 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.16.9% (2021) → 13.7% (2026) · falling
Worst earnings drop54% (2013) · in EUR
Revenue −4.1%/yr
FY22 €326M
FY23 €348M
FY24 €306M
FY25 €305M
FY26 €275M
Net income −7.8%/yr
FY22 €37.1M
FY23 €41.2M
FY24 €28.9M
FY25 €29.8M
FY26 €26.8M
Character of growth · EPS growth decomposed (2015-2026) +1.5 % p.a.
Revenue per share +3.8 %

of which total revenue +4.4 % · buybacks/dilution −0.5 %

EBIT margin −3.0 %
Tax rate +0.7 %
Residual (interest, one-offs) +0.2 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

SBT screens 13% overvalued. Compare with Kweichow Moutai Co →

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Cite: Fair Value Calculator (2026). "Oeneo SA Fair Value". https://www.fairvalue-calculator.com/stock/SBT.PA

Peer Group

Beverages - Wineries & Distilleries · 93 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 64 · Top 25%
Fair Value upside −12% · Above median
Return on equity (TTM) 8% · Above median
Return on assets 5% · Above median
Net margin (TTM) 10% · Above median
Operating margin (TTM) 13% · Above median
Revenue growth −11% · Below median
Dividend yield (TTM) 3.8% · Above median
Debt / equity 0.26× · Higher than median

Valuation Multiples vs Beverages - Wineries & Distilleries median · lower = cheaper

P/E (TTM) 21.9× · Pricier than median
P/B 2.14× · Pricier than median
P/S (TTM) 2.44× · Pricier than median
P/FCF 16.6× · Pricier than 75% of peers
EV/EBITDA 12.6× · Pricier than median
PEG 1.28× · Pricier than median

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE18 · sector 16
FUTURE0 · sector 0
PAST34 · sector 19
HEALTH87 · sector 95
DIVIDEND76 · sector 60

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Alcohol

Similar stocks

10 more Beverages - Wineries & Distilleries stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Kweichow Moutai Co 600519 ¥1,303 ¥1,238 −5%
Diageo plc DEO $92.99 $73.29 −21%
Wuliangye Yibin Co 000858 ¥71.89 ¥48.44 −33%
Shanxi Xinghuacun Fen Wine Factory Co 600809 ¥116.39 ¥185.80 +60%
Pernod Ricard SA RI €63.20 €76.13 +20%
Luzhou Laojiao Co 000568 ¥84.50 ¥149.17 +77%
Brown-Forman Corporation BFA $28.72 $27.69 −4%
United Spirits Limited UNITDSPR ₹1,528 ₹285.39 −81%
Thai Beverage Public Company Y92 0.4650 SGD 0.7000 SGD +51%
Jiangsu Yanghe Distillery Co 002304 ¥39.59 ¥27.82 −30%

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Frequently asked questions

Is Oeneo SA (SBT) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of €8.11 versus a price of €9.18, about −12% upside (overvalued).
What is the fair value of SBT?
Our model-based fair value for Oeneo SA is €8.11 (as of Aug 13, 2026), built from audited fundamentals. The current price: €9.18.
What is the quality score of SBT?
Oeneo SA has a Quality Score of 64/100. 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 Oeneo SA (SBT)?
Our model-based price target is the fair value of €8.11 (as of Aug 13, 2026) from 23 valuation models. Cautious scenario €5.53, optimistic scenario €11.24. It is a calculation from audited fundamentals, not an analyst target.
What is the Oeneo SA stock forecast for 2026?
Our models put fair value at €8.11, about −12% upside versus a price of €9.18 (overvalued). Cautious scenario €5.53, optimistic scenario €11.24. The calculation is refreshed regularly with new filings.
What is the revenue of Oeneo SA (SBT)?
Oeneo SA reported trailing-twelve-month revenue of about €292M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of SBT?
The net profit margin of Oeneo SA is about 9.4%, meaning it keeps roughly 9.4% of revenue as net income. Based on the latest reported figures.
Does Oeneo SA pay a dividend?
Oeneo SA currently shows a dividend yield of about 3.81% relative to its recent price (as of Aug 13, 2026).
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