Louis Hachette Group runs a portfolio of French media and distribution assets, including Relay convenience stores along the motorway network and a publishing and press distribution arm, which together make up most of its revenue. Its real moat is the physical retail footprint: Relay's concession contracts at motorway service areas and rail stations are hard to replicate, and the 63.6% gross margin shows the company keeps a large share of each sale even though operating margin is thin at 2.1%. Revenue growth is nearly flat at 0.8%, so there is no obvious top-line catalyst; any re-rating would have to come from margin recovery or cost discipline rather than volume. The stock trades at a forward P/E of 8.6 against a trailing P/E of 87.7, a gap that signals depressed near-term earnings, while ROE of 4.2% is weak and the company sits outside any major index, which limits passive demand. This is a small-cap value question worth checking: does the low forward multiple reflect a durable earnings trough or structural erosion in print and travel retail?
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.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:52 CEST | ACCE price target | €1.93 | first publication | €1.75 |
Answered from Louis Hachette Group S.A. fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| ALHG.PA Louis Hachette Group S.A. | €1.79 | - | - | 89.3x | 4.2% | 36 | 44 |
| CMPR Cimpress plc Ordinary Shares (Ireland) | $82.27 | $110 | 25% below | 21.2x | 0.0% | 37 | 54 |
| TIC TIC Solutions Inc. Common Stock | $9.55 | - | - | - | -7.1% | 35 | 49 |
| TH Target Hospitality Corp. Common Stock | $13.96 | - | - | - | -9.8% | 39 | 49 |
| CBZ CBIZ Inc. Common Stock | $54.89 | $50 | 9% above | 23.1x | 6.5% | 43 | 51 |
| ABM ABM Industries Incorporated Common Stock | $53.88 | $52 | 3% above | 19.4x | 9.2% | 35 | 65 |
| MMS Maximus Inc. Common Stock | $63.38 | $106 | 40% below | 9.4x | 21.1% | 64 | 54 |
Where ALHG.PA ranks against its sector peers on each metric.