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EMEIS SA (EMEIS) Fair Value & Analysis

Healthcare · FR · Market cap €2.3B · ISIN FR001400NLM4

What is EMEIS SA really worth?

ES EMEIS SA EMEIS · PA
Price€12.82
Fair Value€29.37
Upside+129.1%
Quality37/100

Below-average quality, trading 56% below our fair value of €29.37.

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Risks

!Mixed Growth (revenue 5y +8.5 %/yr)
!Loss-making · -5.1% net margin
!High debt · generates free cash flow
!Trails peers (4/13)
!Narrow moat 10/100
!Evidence only medium, so the estimate is less certain
!Weak on future: 22 out of 100
Evidence: Medium Range €9.22 – €29.37

Fair value as of: Aug 13, 2026

From 9 valuation models · updated 22 days ago

Fair value updated Aug 13, 2026, revised from €29.05 to €29.37 (+1.1%) since Jul 16, 2026. Share price −10.2% over the past month.

What runs behind every stock

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

What matters now

  • The large discount to fair value meets weak quality (37/100). That raises the risk this is a value trap rather than a bargain.
  • The model range is unusually wide (€9.22 to €29.37). The outcome hinges heavily on assumptions, so read the point estimate with caution.

Price vs Fair Value (5 years)

€7,041 €4.79 Fair Value €29.37 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 €4.79 – €7,041 · fair‑value band €9.22 – €29.37 · the €12.82 price screens below the €29.37 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

EMEIS SA (EMEIS) currently trades at €12.82, while our model-based Fair Value estimate is €29.37, implying the stock looks roughly 56.4% undervalued today. The Quality Score stands at 37/100 (below-average quality), in the Healthcare sector. Bull case: the DCF Models group reads highest at a median of €28.72 per share, and 5 of the 9 models we run sit above the €12.82 price. Bear case: the Growth DCF group reads lowest at €3.50, and 4 of the 9 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, EMEIS SA generated revenue of €5.9B at a net margin of −5.1%. Revenue grew 4.3% year over year. It earns a return on equity of −19.1%. Net debt stands at €8.3B. Fundamentals as of Aug 13, 2026

Our scenario range runs from €9.22 (bear case) to €29.37 (bull case); at €12.82, 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 21% below its 52-week high and 29% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at −7% fair-value upside, at 129%, EMEIS screens cheaper than that median.

Fair Value models

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 €12.92 €36.07 €72.17 74
Growth DCF €13.02 €35.05 €68.68 73
5Y EBITDA Exit €9.00 €29.97 €55.06 70
All 9 models by family
DCF Models
FCF DCF €12.92 €36.07 €72.17 74
5Y Revenue Exit €3.09 €12.68 69
5Y EBITDA Exit €9.00 €29.97 €55.06 70
10Y Revenue Exit €1.04 €10.01 €21.73 59
10Y EBITDA Exit €10.06 €28.72 €54.73 64
Multiples
EV/EBITDA €10.20 €21.48 €32.76 64
Asset-Based
NCAV (Graham) €4.37 €5.86 €8.75 54
Growth DCF
Growth DCF €13.02 €35.05 €68.68 73
Rev-Margin DCF €3.50 €13.68 69

Widest divergence: DCF Models (€28.72) versus Growth DCF (€3.50). Highest evidence: FCF DCF (74).

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Key figures & financial health

P/S ratio 0.41 TTM
EPS (TTM) €−1.85
Net margin −5.1% FY2025
Return on equity −19.1% TTM
Return on assets (EBIT) −0.7% avg 5y
Operating margin 2.4% TTM
More key figures
Growth
Revenue (TTM) €5.9B TTM
Revenue growth (YoY) +4.3% 3y avg +8.0%
Balance sheet & cash flow
Free cash flow €514M FY2025
Net debt €8.3B FY2025 · ≈ 16.1 yrs of FCF

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

Quality Score breakdown

Overall quality 37/100

Of which business quality 38 · Market factors (momentum, volatility) 49

Profitability 22
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 54
Earnings quality: real cash, not paper profit
Fin. Strength 3
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 46
Distance to the 52-week high (market factor)
Net Issuance 28
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

emeis Société anonyme operates nursing homes, assisted-living facilities, post-acute and rehabilitation hospitals, and psychiatric hospitals.

Full company description

emeis Société anonyme operates nursing homes, assisted-living facilities, post-acute and rehabilitation hospitals, and psychiatric hospitals. Its services include concierge, housekeeping, ironing, internet connection, TV, telephone, free shuttles, catering and event organization, access to common areas, logistics support, DIY and gardening assistance, IT support, beauty and relaxation treatments, furniture on rent, fitness and wellness areas, and medical visits. The company's post-acute and rehabilitation hospitals offer services for geriatrics, musculoskeletal, nervous system, cardiovascular, hematology, and oncology conditions, as well as patients in a persistent vegetative state or in a minimally conscious state. Its psychiatric hospitals provide services for the patients with mood disorders, anxiety disorders, obsessive-compulsive disorders, addictions, eating disorders, sleep disorders, personality disorders, schizophrenic disorders, autism spectrum disorders, psychotraumatic disorders, neurodegenerative diseases, Perinatal psychiatry, and burn-out. It operates in France, Belgium, Spain, Italy, Ireland, Switzerland, Austria, Germany, the United Kingdom, the Czech Republic, Poland, the Netherlands, Luxembourg, Portugal, Brazil, Russia, Slovenia, Uruguay, Colombia, Mexico, Chile, Latvia, Croatia, and China. The company was founded in 1989 and is headquartered in Puteaux, France.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

EMEIS SA reported revenue of €5.9B in FY2025 versus €4.3B in FY2021, a compound +8.2%/yr. Reported net income was −€298M in FY2025.

Growth Quality 54/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€5.9B
Latest YoY
+4.6%
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.
+8.0%
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.
+8.5%
Avg. revenue growth/yr (12Y) 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.
+11.4%
Value creation/yr 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
Revenue +8.2%/yr
FY21 €4.3B
FY22 €4.7B
FY23 €5.2B
FY24 €5.6B
FY25 €5.9B
Net income
FY21 €65.2M
FY22 −€4.0B
FY23 €1.4B
FY24 −€412M
FY25 −€298M

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

Earlier news

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

Peer Group

Medical Care Facilities · 256 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 37 · Bottom 25%
Fair Value upside +129% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) −5% · Bottom 25%
Operating margin (TTM) 2% · Bottom 25%
Revenue growth 4% · Below median
Debt / equity 2.94× · Higher than 75% of peers

Valuation Multiples vs Medical Care Facilities median · lower = cheaper

P/B 1.87× · Pricier than median
P/S (TTM) 0.45× · Cheaper than 75% of peers
P/FCF 5.1× · Pricier than median
EV/EBITDA 7.7× · Cheaper than median
PEG 1.28× · Cheaper 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
VALUE100 · sector 23
FUTURE22 · sector 26
PAST0 · sector 30
HEALTH0 · sector 90
DIVIDEND0 · sector 43

Insider activity: 40/100

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 Medical Care Facilities stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
HCA Healthcare, Inc HCA $417.82 $547.67 +31%
Fresenius SE FRE €45.25 €32.15 −29%
Dr. Sulaiman Al Habib Medical Services Group 4013 241.00 SAR 112.37 SAR −53%
IHH Healthcare Berhad, an investment holding company, Q0F 2.67 SGD 1.44 SGD −46%
Tenet Healthcare Corporation THC $266.80 $330.25 +24%
DaVita Inc DVA $180.68 $186.49 +3%
Apollo Hospitals Enterprise Limited APOLLOHOSP ₹8,818 ₹2,955 −66%
Fresenius Medical Care AG FME €39.92 €71.28 +79%
Aier Eye Hospital Group 300015 ¥8.25 ¥7.67 −7%
Max Healthcare Institute Limited MAXHEALTH ₹1,005 ₹284.87 −72%

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Frequently asked questions

Is EMEIS SA (EMEIS) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of €29.37 versus a price of €12.82, about +129% upside (undervalued).
What is the fair value of EMEIS?
Our model-based fair value for EMEIS SA is €29.37 (as of Aug 13, 2026), built from audited fundamentals. The current price: €12.82.
What is the quality score of EMEIS?
EMEIS SA has a Quality Score of 37/100. 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 EMEIS SA (EMEIS)?
EMEIS SA reported trailing-twelve-month revenue of about €5.9B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of EMEIS?
The net profit margin of EMEIS SA is about −5.1%, meaning it is currently running at a net loss. Based on the latest reported figures.
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