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Sonaecom, SGPS, S.A (SNC) Fair Value & Analysis

Communication Services · PT · Market cap €881M

SS Sonaecom, SGPS, S.A SNC · LS
Price€2.86
Fair Value€2.87
Upside+0.4%
Quality62/100
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Weak Growth
Low debt · generates free cash flow
2.86% dividend yield
Trails peers (5/13)
Narrow moat 19/100
Evidence: High Range €2.15 – €2.87 Share as image

Fair value as of: Jul 21, 2026

From 16 valuation models · updated 20 days ago

Fair value updated Jul 21, 2026, revised from €3.13 to €2.87 (−8.3%) since Jun 24, 2026. Share price −2.7% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from €2.15 (bear) to €2.87 (bull), base €2.87. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 62/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

€3.17 €1.08 Fair Value €2.87 Dec 2020 Jun 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range €1.08 – €3.17 · fair‑value band €2.15 – €2.87 · the €2.86 price screens below the €2.87 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Sonaecom, SGPS, S.A (SNC) currently trades at €2.86, while our model-based Fair Value estimate is €2.87, implying the stock looks roughly 0.4% fairly valued today. The Quality Score stands at 62/100 (solid 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.

Trailing-twelve-month revenue stands at €19.4M. Revenue grew 1.0% year over year. It earns a return on equity of 4.4%. The stock trades on a trailing P/E of 14.4. Fundamentals as of Jul 21, 2026

Our scenario range runs from €2.15 (bear case) to €2.87 (bull case); at €2.86, 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 10% below its 52-week high and 27% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 9% fair-value upside, at 0%, SNC screens richer 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 €0.8700 €0.9200 €1.00 80
Residual Income €3.06 €2.95 €2.43 76
Rev-Margin DCF €0.8200 €0.8800 €0.9500 74
All 16 models by family
DCF Models
FCF DCF €0.8600 €0.9200 €1.01 38
Owner Earnings €2.18 €2.63 €3.39 31
5Y Revenue Exit €0.8200 €0.8700 €0.9400 39
5Y P/E Exit €2.10 €3.08 €4.25 38
10Y Revenue Exit €0.8400 €0.8700 €0.9100 36
10Y P/E Exit €1.55 €2.12 €2.68 35
Earnings-Based
Graham-Dodd €1.15 €1.40 €1.58 54
Multiples
P/E Multiple €2.79 €3.71 €4.64 63
P/S Multiple €0.1500 €0.2000 €0.2400 58
P/B Multiple €2.15 €2.87 €3.59 55
EV/Revenue €0.8000 €0.8500 €0.9000 43
Asset-Based
NCAV (Graham) €2.19 €2.94 €4.39 50
Growth DCF
Growth DCF €0.8700 €0.9200 €1.00 80
Rev-Margin DCF €0.8200 €0.8800 €0.9500 74
Economic Profit
Residual Income €3.06 €2.95 €2.43 76
Growth Earnings
Growth-Adj P/E €1.96 €2.81 €3.65 68

Widest divergence: Economic Profit (€2.95) versus Multiples (€0.8500). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €19.4M
Revenue growth (YoY) +1.0%
Net margin 306%
Return on equity 4.4%
Free cash flow €6.9M FY2025
P/E ratio 14.4
More key figures
Operating margin -84.3%
EPS (TTM) €0.2000
Dividend yield 2.9%
EPS growth (YoY) +75.0%

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 63 · Market factors (momentum, volatility) 62

Profitability 33
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 61
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

Sonaecom, SGPS, S.A., together with its subsidiaries, operates in technology, media, and telecommunications areas worldwide. The company provides consultancy services in the area of information systems; and sells licensed software.

Full company description

Sonaecom, SGPS, S.A., together with its subsidiaries, operates in technology, media, and telecommunications areas worldwide. The company provides consultancy services in the area of information systems; and sells licensed software. It also engages in the editing, composition, and publication of periodical and non-periodical materials, as well as exploration of radio and TV stations and studios; consulting business, advisory in retail segments, industry and services. In addition, the company is involved in the development, installation, implementation, training, and maintenance of systems and software products; rental of equipment; consulting business; industries and trade of electronic equipment and software. Further, it invests in and manages venture capital and venture capital funds. The company was incorporated in 1988 and is headquartered in Cidade da Maia, Portugal. Sonaecom, SGPS, S.A. operates as a subsidiary of Sontel B.V.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sonaecom, SGPS, S.A reported revenue of €17.1M in FY2025 versus €76.5M in FY2021, a compound −31.3%/yr. Reported net income was €51.6M in FY2025, compounding −19.1%/yr from FY2021.

Growth Quality 24/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€17.1M
Latest YoY
−6.3%
Avg. growth/yr (3Y)
−1.5%
Avg. growth/yr (5Y)
−33.3%
Avg. growth/yr (25Y)
−12.8%
Revenue −31.3%/yr
FY21 €76.5M
FY22 €17.9M
FY23 €18.2M
FY24 €18.2M
FY25 €17.1M
Net income −19.1%/yr
FY21 €121M
FY22 €143M
FY23 €43.8M
FY24 €17.3M
FY25 €51.6M

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Cite: Fair Value Calculator (2026). "Sonaecom, SGPS, S.A Fair Value". https://www.fairvalue-calculator.com/stock/SNC

Peer Group

Publishing · 110 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 62 · Above median
Fair Value upside +0% · Below median
Return on equity (TTM) 4% · Below median
Return on assets -1% · Bottom 25%
Operating margin (TTM) -84% · Bottom 25%
Revenue growth 1% · Above median
Dividend yield (TTM) 2.9% · Above median

Valuation Multiples vs Publishing median · lower = cheaper

P/E (TTM) 14.4× · Pricier than median
P/B 0.76× · Cheaper than median
P/S (TTM) 52.46× · Pricier than 75% of peers
P/FCF 148.5× · Pricier than 75% of peers
PEG 9.08× · 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 34 · sector 39
FUTURE 5 · sector 0
PAST 18 · sector 21
HEALTH 100 · sector 99
DIVIDEND 57 · sector 57

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.

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Frequently asked questions

Is Sonaecom, SGPS, S.A (SNC) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of €2.87 versus a price of €2.86, about +0% (fairly valued).
What is the fair value of SNC?
Our model-based fair value for Sonaecom, SGPS, S.A is €2.87 (as of Jul 21, 2026), built from audited fundamentals. The current price is €2.86.
What is the quality score of SNC?
Sonaecom, SGPS, S.A has a Quality Score of 62/100. 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 Sonaecom, SGPS, S.A (SNC)?
Sonaecom, SGPS, S.A reported trailing-twelve-month revenue of about €19.4M (latest available figure, as of Jul 21, 2026).
Does Sonaecom, SGPS, S.A pay a dividend?
Sonaecom, SGPS, S.A currently shows a dividend yield of about 2.86% relative to its recent price (as of Jul 21, 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.

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