Fountaine Pajot builds sailing and power catamarans, along with the Lagoon and Bali brands, and sells them through a dealer network across Europe, the US and the Caribbean. The case rests on a premium niche with strong gross margins of 50.3%, a brand with a loyal owner base, and a recreational-vehicle sector that tends to recover sharply when discretionary spending turns. The near-term picture is weaker: revenue fell 12.3% and the operating margin is only 1.8%, so profit is thin even before any cyclical recovery. A forward P/E of 5.9 against a trailing 25.1 implies the market expects earnings to rebound sharply, which is the assumption to test before going further. Worth a deeper look if you believe order intake and dealer inventory are stabilising, and the margin recovery is more than a forecast.
Plain-English pros, cons, and what to watch. Pro feature.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:53 CEST | ACCE price target | €99.00 | first publication | €78.00 |
Answered from Fountaine Pajot SA fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| ALFPC.PA Fountaine Pajot SA | €78.00 | - | - | 25.1x | 11.3% | 54 | 31 |
| KTA.DE Knaus Tabbert AG | €9.70 | - | - | - | -20.8% | 26 | 26 |
| KABE-B.ST KABE Group AB (publ.) | kr 241.00 | - | - | 16.4x | 7.3% | 52 | 76 |
| EMPD Empery Digital Inc. Common stock | $2.73 | - | - | - | -426.7% | 27 | 15 |
| LVWR LiveWire Group Inc. Common Stock | $1.65 | - | - | - | -160.2% | 17 | 32 |
| BEN.PA Bénéteau S.A. | €4.70 | €7 | 36% below | - | -7.5% | 43 | 43 |
| BOAT.ST Nimbus Group AB (Publ) | kr 11.65 | - | - | - | -11.1% | 36 | 27 |
Where ALFPC.PA ranks against its sector peers on each metric.