As of June 1, 2025, Malteries Franco Belges SA's estimated intrinsic value ranges from $121.89 to $2292.42 per share, depending on the valuation methodology applied.
| Valuation Method | Fair Value (USD) | Implied Upside/Downside |
|---|---|---|
| Discounted Cash Flow (10Y) | $656.02 | -26.3% |
| Discounted Cash Flow (5Y) | $566.87 | -36.3% |
| Dividend Discount Model (Multi-Stage) | $2149.80 | +141.6% |
| Dividend Discount Model (Stable) | $2292.42 | +157.6% |
| Earnings Power Value | $121.89 | -86.3% |
Is Malteries Franco Belges SA (MALT.PA) undervalued or overvalued?
With the current market price at $890.00, the stock appears to be significantly undervalued.
Intrinsic value represents the "true" worth of a company based on its fundamentals rather than market sentiment. We've employed multiple methodologies to triangulate Malteries Franco Belges SA's intrinsic value, including:
The cost of capital is a critical factor in valuation models, representing the required return for investors.
| WACC Component | Low | High |
|---|---|---|
| Long-term bond rate | 3.0% | 3.5% |
| Equity market risk premium | 5.8% | 6.8% |
| Adjusted beta | 0.39 | 0.42 |
| Cost of equity | 5.3% | 6.9% |
| Cost of debt | 5.0% | 5.0% |
| Tax rate | 7.9% | 8.0% |
| Debt/Equity ratio | 0 | 0 |
| After-tax WACC | 5.3% | 6.8% |
Our DCF model projects cash flows over 5-year and 10-year horizons, with the following key assumptions:
| DCF Model | Fair Value | Enterprise Value | % from Terminal Value |
|---|---|---|---|
| 5-Year Growth | $567 | $215M | 82.9% |
| 10-Year Growth | $656 | $260M | 70.6% |
| 5-Year EBITDA | $363 | $114M | 67.6% |
| 10-Year EBITDA | $444 | $154M | 50.4% |
The DDM values a company based on its expected future dividend payments. We used two approaches:
EPV assesses a company's value based on its current normalized earnings power, assuming no growth.
| EPV Component | Value |
|---|---|
| Normalized Earnings | $(0)M |
| Discount Rate (WACC) | 6.8% - 5.3% |
| Enterprise Value | $(6)M - $(8)M |
| Net Debt | $(68)M |
| Equity Value | $62M - $60M |
| Outstanding Shares | 0M |
| Fair Value | $124 - $120 |
| Selected Fair Value | $121.89 |
| Metric | Value |
|---|---|
| Market Capitalization | $445M |
| Enterprise Value | $377M |
| Trailing P/E | 9.97 |
| Forward P/E | 9.51 |
| Trailing EV/EBITDA | 3.85 |
| Current Dividend Yield | 43.80% |
| Dividend Growth Rate (5Y) | -7.81% |
| Debt-to-Equity Ratio | 0.00 |
To determine the most reliable intrinsic value estimate, we weigh each valuation method based on:
| Valuation Method | Weight | Weighted Value |
|---|---|---|
| Discounted Cash Flow (10Y) | 30% | $196.81 |
| Discounted Cash Flow (5Y) | 25% | $141.72 |
| Dividend Discount Model (Multi-Stage) | 20% | $429.96 |
| Dividend Discount Model (Stable) | 15% | $343.86 |
| Earnings Power Value | 10% | $12.19 |
| Weighted Average | 100% | $1124.54 |
Based on our comprehensive valuation analysis, Malteries Franco Belges SA's weighted average intrinsic value is $1124.54, which is approximately 26.4% above the current market price of $890.00.
Key investment considerations:
Given these factors, we believe Malteries Franco Belges SA is currently significantly undervalued with the potential for long-term appreciation based on the company's growth trajectory and financial strength.