EN DE

Eiffage SA (FGR) Fair Value & Analysis

Industrials · FR · Market cap €11.9B · ISIN FR0000130452

What is Eiffage SA really worth?

ES Eiffage SA FGR · PA
Price€108.90
Fair Value€234.10
Upside+115.0%
Quality56/100

A solid business, trading 53% below our fair value of €234.10.

Watch Eiffage SA for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free

Strengths

Healthy Growth (revenue 5y +9.4 %/yr)
Ranks above peers (11/15)

Risks

!Thin margins · 3.9% net margin
!High debt · generates free cash flow
!Moderate moat 49/100
!Weak on balance sheet: 23 out of 100

For context

·4.41% dividend yield
Evidence: High Range €164.25 – €337.69

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 22 days ago

Fair value updated Aug 13, 2026, revised from €219.00 to €234.10 (+6.9%) since Jul 16, 2026. Share price −12.6% over the past month.

What runs behind every stock

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

What matters now

  • The price is below even our cautious bear case (€164.25). The market is more pessimistic than our downside scenario.
  • Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (€164.25 to €337.69) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

€140.91 €67.70 Fair Value €234.10 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 €67.70 – €140.91 · fair‑value band €164.25 – €337.69 · the €108.90 price screens below the €234.10 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Eiffage SA (FGR) currently trades at €108.90, while our model-based Fair Value estimate is €234.10, implying the stock looks roughly 53.5% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Industrials sector. Bull case: the Growth DCF group reads highest at a median of €348.93 per share, and 20 of the 26 models we run sit above the €108.90 price. Bear case: the Asset-Based group reads lowest at €51.28, and 6 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Eiffage SA generated revenue of €26.1B at a net margin of 3.9%. Revenue grew 9.6% year over year. It earns a return on equity of 17.3%. Net debt stands at €10.9B. Fundamentals as of Aug 13, 2026

Our scenario range runs from €164.25 (bear case) to €337.69 (bull case); at €108.90, the current price sits below 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 23% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at 115%, FGR screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly €3.99 per share, which is 1.7 % 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 best evidence €266.29 €443.19 €711.32 79
Growth DCF €272.28 €429.62 €654.01 77
Owner Earnings €168.11 €291.47 €478.48 74
All 26 models by family
DCF Models
FCF DCF best evidence €266.29 €443.19 €711.32 79
Owner Earnings €168.11 €291.47 €478.48 74
5Y Revenue Exit €204.91 €346.92 €525.53 71
5Y EBITDA Exit €296.53 €517.44 €773.27 74
5Y P/E Exit €150.19 €245.06 €341.97 70
10Y Revenue Exit €216.86 €351.40 €527.46 66
10Y EBITDA Exit €282.47 €469.47 €715.68 67
10Y P/E Exit €189.37 €280.87 €388.00 64
Earnings-Based
Graham-Dodd €70.91 €215.15 €285.41 65
Lynch FV €45.99 €65.70 €85.41 61
PEG = 1.0 €45.99 €65.70 €85.41 57
EPV €115.96 €144.98 €170.38 74
Dividend Discount
Gordon GGM €38.98 €81.04 €128.56 66
DDM Multi-Stage €38.98 €63.73 €85.05 66
Multiples
P/E Multiple €164.25 €219.00 €273.75 63
P/S Multiple €132.96 €177.29 €221.61 58
P/B Multiple €132.96 €177.29 €221.61 55
EV/EBIT €280.46 €393.35 €506.23 66
EV/EBITDA €359.36 €498.55 €637.74 67
EV/Revenue €183.51 €287.10 €390.69 53
Asset-Based
NCAV (Graham) €38.27 €51.28 €76.54 54
Growth DCF
Growth DCF €272.28 €429.62 €654.01 77
Rev-Margin DCF €204.91 €348.93 €513.99 72
Economic Profit
Residual Income €73.97 €91.56 €201.05 71
ROIC Compounder €124.36 €173.57 €233.74 71
Growth Earnings
Growth-Adj P/E €134.63 €192.33 €250.02 67

Widest divergence: Growth DCF (€348.93) versus Asset-Based (€51.28). Highest evidence: FCF DCF (79).

Notify me when FGR reaches fair value

Put FGR on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Free, no payment details. Unsubscribe anytime in one click.

Key figures & financial health

P/E ratio 10.2
P/S ratio 0.40 P/E × margin
EPS (TTM) €10.70 price ÷ EPS = P/E 10.2
Dividend yield 4.4% payout 44.9%
Net margin 3.9% FY2025
Return on equity 17.3% TTM
More key figures
Profitability
Return on assets (EBIT) 6.0% avg 5y
Operating margin 11.6% TTM
Growth
Revenue (TTM) €26.1B TTM
Revenue growth (YoY) +9.6% 3y avg +7.8%
EPS growth (YoY) +7.0%
Balance sheet & cash flow
Free cash flow €2.8B FY2025
Net debt €10.9B FY2025 · ≈ 3.9 yrs of FCF

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

Quality Score breakdown

Overall quality 56/100

Of which business quality 54 · Market factors (momentum, volatility) 48

Profitability 34
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 71
Earnings quality: real cash, not paper profit
Fin. Strength 22
Balance sheet, leverage, solvency risk
Investment 81
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 30
Distance to the 52-week high (market factor)
Net Issuance 97
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

Eiffage SA, together with its subsidiaries, engages in the construction and concessions businesses in France, Germany, Europe, and internationally. It operates through five segments: Construction, Infrastructure, Energy Systems, Concessions, and Holding.

Full company description

Eiffage SA, together with its subsidiaries, engages in the construction and concessions businesses in France, Germany, Europe, and internationally. It operates through five segments: Construction, Infrastructure, Energy Systems, Concessions, and Holding. The company constructs and renovates housing, offices, retail, hospitality, and public facilities; develops properties; and offers urban planning and regeneration. It also engages in the construction and maintenance of roads, motorways, ports, and airports, as well as industrial and commercial projects; civil engineering of transport infrastructure, water and waste treatment plants, energy production and transmission equipment, and hydraulic structures; and turnkey metal construction. In addition, the company designs, builds, implements, integrates, operates, and maintains systems and equipment related to electrical, industrial, climate control, and energy engineering. Further, it is involved in the construction and management of works under concession contracts and public-private partnerships; development and production of hydroelectric and photovoltaic energy; and management of equity investments and services. The company was founded in 1844 and is headquartered in Vélizy-Villacoublay, France.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Eiffage SA reported revenue of €26.1B in FY2025 versus €19.2B in FY2021, a compound +8.0%/yr. Reported net income was €1.0B in FY2025, compounding +7.9%/yr from FY2021.

Growth Quality 84/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€26.1B
Latest YoY
+8.8%
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.
+7.8%
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.
+9.4%
Avg. revenue growth/yr (27Y) 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.
+6.2%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+12.7% (8.3 + 4.4)
Revenue +8.0%/yr
FY21 €19.2B
FY22 €20.9B
FY23 €22.4B
FY24 €24.0B
FY25 €26.1B
Net income +7.9%/yr
FY21 €753M
FY22 €896M
FY23 €1.0B
FY24 €1.0B
FY25 €1.0B
Character of growth · EPS growth decomposed (2014-2025) +12.4 % p.a.
Revenue per share +6.0 %

of which total revenue +6.2 % · buybacks/dilution −0.1 %

EBIT margin +0.2 %
Tax rate −0.8 %
Residual (interest, one-offs) +6.6 %

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).

Watch FGR: get an alert when its fair value changes →

Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

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

Recent news

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

Peer Group

Engineering & Construction · 816 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 56 · Above median
Fair Value upside +115% · Top 25%
Return on equity (TTM) 17% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 12% · Top 25%
Revenue growth 10% · Above median
Dividend yield (TTM) 4.4% · Top 25%
Debt / equity 1.54× · Higher than 75% of peers

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 10.2× · Cheaper than 75% of peers
P/B 1.84× · Pricier than median
P/S (TTM) 0.53× · Cheaper than median
P/FCF 4.9× · Pricier than median
EV/EBITDA 5.1× · Cheaper than median
PEG 1.81× · 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
VALUE100 · sector 16
FUTURE48 · sector 11
PAST69 · sector 26
HEALTH23 · sector 94
DIVIDEND88 · sector 39

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 Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Quanta Services, Inc PWR $620.06 $143.92 −77%
Vinci SA DG €114.35 €185.62 +62%
Comfort Systems USA, Inc FIX $1,615 $519.97 −68%
Larsen & Toubro Limited LT ₹4,072 ₹2,196 −46%
Ferrovial N.V FER €57.28 €19.17 −67%
HOCHTIEF Aktiengesellschaft HOT €426.40 €203.87 −52%
Samsung C&T Corporation 028260 373,000 KRW 261,411 KRW −30%
EMCOR Group EME $775.04 $549.47 −29%
MasTec, Inc MTZ $241.00 $100.00 −59%
Bouygues SA EN €46.65 €65.67 +41%

Compare Eiffage SA with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Extrinsic Value Calculator (Options) Splits an option premium into intrinsic and extrinsic (time) value. Peter Lynch Fair Value Formula & Calculator Apply Peter Lynch's fair value formula in seconds: fair P/E ≈ earnings growth (+ dividend) - free, with formula and example.

Frequently asked questions

Is Eiffage SA (FGR) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of €234.10 versus a price of €108.90, about +115% upside (undervalued).
What is the fair value of FGR?
Our model-based fair value for Eiffage SA is €234.10 (as of Aug 13, 2026), built from audited fundamentals. The current price: €108.90.
What is the quality score of FGR?
Eiffage SA has a Quality Score of 56/100. 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 Eiffage SA (FGR)?
Eiffage SA reported trailing-twelve-month revenue of about €26.1B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of FGR?
The net profit margin of Eiffage SA is about 3.9%, meaning it keeps roughly 3.9% of revenue as net income. Based on the latest reported figures.
Does Eiffage SA pay a dividend?
Eiffage SA currently shows a dividend yield of about 4.41% relative to its recent price (as of Aug 13, 2026).
Free · no account needed

Watch Eiffage SA in the live analysis

One click puts Eiffage SA on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.