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Worldline SA (WLN) Fair Value & Analysis

Technology · FR · Market cap €574M

WS Worldline SA WLN · PA
Price€12.60
Fair Value€14.38
Upside+14.2%
Quality43/100
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Mixed Growth
Loss-making · -128.0% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (6/13)
Narrow moat 19/100
Evidence: Medium Range €9.69 – €19.07 Share as image

Fair value as of: Jul 18, 2026

From 11 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from €6.48 to €14.38 (+122.0%) since Jun 24, 2026. Share price +25.3% over the past month.

Below-average quality, screening 14% undervalued on our models.

What matters now

  • A fairly wide model range (€9.69 to €19.07) leaves room in how you read the outcome.
  • Our model range runs from €9.69 (bear) to €19.07 (bull), base €14.38. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 43/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

€876.65 €9.44 Fair Value €14.38 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range €9.44 – €876.65 · fair‑value band €9.69 – €19.07 · the €12.60 price screens below the €14.38 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Worldline SA (WLN) currently trades at €12.60, while our model-based Fair Value estimate is €14.38, implying the stock looks roughly 14.2% undervalued today. The Quality Score stands at 43/100 (below-average quality), in the Technology 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: medium), always confirm before acting.

Trailing-twelve-month revenue stands at €4.0B. Revenue declined 3.7% year over year. It earns a return on equity of -77.9%. Net debt stands at €2.2B. Fundamentals as of Jul 18, 2026

Our scenario range runs from €9.69 (bear case) to €19.07 (bull case); at €12.60, 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. For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at 14%, WLN 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF €7.21 €21.85 €41.74 80
Rev-Margin DCF €0.5500 €13.01 €28.25 74
EV/EBITDA €104.28 €146.35 €188.42 54
All 11 models by family
DCF Models
FCF DCF €7.32 €23.23 €45.85 38
5Y Revenue Exit €0.5500 €12.89 €28.71 39
5Y EBITDA Exit €58.76 €126.72 €209.76 41
10Y Revenue Exit €2.41 €14.00 €29.93 36
10Y EBITDA Exit €37.47 €87.99 €161.54 37
Multiples
EV/EBIT €4.64 €13.50 €22.35 53
EV/EBITDA €104.28 €146.35 €188.42 54
EV/Revenue €5.16 €13.29 43
Asset-Based
NCAV (Graham) €28.78 €38.56 €57.56 50
Growth DCF
Growth DCF €7.21 €21.85 €41.74 80
Rev-Margin DCF €0.5500 €13.01 €28.25 74

Widest divergence: Asset-Based (€38.56) versus Growth DCF (€13.01). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €4.0B
Revenue growth (YoY) -3.7%
Net margin -128%
Return on equity -77.9%
Free cash flow €167M FY2025
Operating margin 2.6%
More key figures
EPS (TTM) €-189.61
EPS growth (YoY) +25.0%
Net debt €2.2B FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 40 · Market factors (momentum, volatility) 16

Profitability 7
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 28
Earnings quality: real cash, not paper profit
Fin. Strength 24
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 94
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

Worldline SA, together with its subsidiaries, provides payment and transaction services in Europe and internationally. The company operates in two segments, Merchant Services and Financial Services.

Full company description

Worldline SA, together with its subsidiaries, provides payment and transaction services in Europe and internationally. The company operates in two segments, Merchant Services and Financial Services. It offers merchant solutions, including in-store, online, omnichannel, cross-border payments, and payments for platforms; and merchant products, such as in-store and online payment gateways, merchant acquiring, tap on mobile, scan and pay, payment terminals, and account-to-account payments. The company also provides financial institutions solutions comprising issuing, acquiring, account payments, open and digital banking, ATM management, authentication and security, and digital currency. It serves retail and marketplaces, digital goods and services, self-service, petrol and energy, financial institutions, travel and hospitality, mobility, public sector, and manufacturing industries. The company was formerly known as Atos Worldline SAS and changed its name to Worldline SA in April 2014. Worldline SA was founded in 1973 and is headquartered in Puteaux, France.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Worldline SA reported revenue of €4.0B in FY2025 versus €3.7B in FY2021, a compound +2.2%/yr. Reported net income was −€5.2B in FY2025.

Growth Quality 62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€4.0B
Avg. growth/yr (3Y)
+7.9%
Avg. growth/yr (5Y)
+14.2%
Avg. growth/yr (13Y)
+12.4%
Revenue +2.2%/yr
FY21 €3.7B
FY22 €4.4B
FY23 €4.6B
FY24 €4.6B
FY25 €4.0B
Net income
FY21 −€751M
FY22 €299M
FY23 −€817M
FY24 −€297M
FY25 −€5.2B

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

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Software - Infrastructure · 368 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 43 · Below median
Fair Value upside +14% · Top 25%
Return on assets 0% · Below median
Net margin (TTM) -128% · Bottom 25%
Operating margin (TTM) 3% · Below median
Revenue growth -4% · Bottom 25%
Debt / equity 0.66× · Higher than 75% of peers

Valuation Multiples vs Software - Infrastructure median · lower = cheaper

P/B 0.20× · Cheaper than 75% of peers
P/S (TTM) 0.17× · Cheaper than 75% of peers
P/FCF 4.0× · Cheaper than median
EV/EBITDA 4.5× · Cheaper than 75% of peers
PEG 0.22× · Cheaper 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 52 · sector 0
FUTURE 0 · sector 46
PAST 0 · sector 15
HEALTH 67 · sector 99
DIVIDEND 0 · sector 28

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.

Similar stocks

10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Microsoft Corporation MSFT $384.00 $274.17 -29%
Oracle Corporation ORAC C$9.08 C$2.94 -68%
Fortinet, Inc FTNT $160.78 $44.96 -72%
Synopsys, Inc 1SNPS €354.50 €93.61 -74%
Block, Inc XYZ A$114.53 A$70.69 -38%
CoreWeave, Inc CRWV $79.94 $44.89 -44%
Range Intelligent Computing Technology Group 300442 ¥71.60 ¥34.00 -53%
Oracle Financial Services Software Limited OFSS ₹11,651 ₹5,821 -50%
360 Security Technology Inc 601360 ¥9.64 ¥5.05 -48%
One97 Communications Limited PAYTM ₹1,342 ₹181.50 -86%

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Frequently asked questions

Is Worldline SA (WLN) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of €14.38 versus a price of €12.60, about +14% (undervalued).
What is the fair value of WLN?
Our model-based fair value for Worldline SA is €14.38 (as of Jul 18, 2026), built from audited fundamentals. The current price is €12.60.
What is the quality score of WLN?
Worldline SA 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 revenue of Worldline SA (WLN)?
Worldline SA reported trailing-twelve-month revenue of about €4.0B (latest available figure, as of Jul 18, 2026).
What is the net profit margin of WLN?
The net profit margin of Worldline SA is about -128.0%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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