Floridienne stock: fair value
FLOB.BRThe fair value of Floridienne under our model is $86.49, the price is 30% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Possible value trapIn our model the price counts as cheap below $61.78 and expensive above $144.15 (uncertainty high, one part of the fair value is more than twice the other).
The two parts of the fair value come to $140.84 (cash-flow model) and $32.15 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 7.7%. At 8.7% the fair value would be $73.93, at 6.7% it would be $105.40.
Possible value trap: looks cheap, but score below 50.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (20.9).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 2.7%. Discounted at 7.7% (floor: government bond yield 2.7% plus 5 percentage points, since beta 0.82 times the risk premium would give less); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $140.84 per share: free cash flow for the next ten years, each year discounted to today at 7.7%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 7.7%) |
|---|---|---|---|---|
| 2026 | $35.7M | extrapolated at 38.9% | 0.9289 | $33.16M |
| 2027 | $45.7M | extrapolated at 28.0% | 0.8628 | $39.43M |
| 2028 | $55.03M | extrapolated at 20.4% | 0.8014 | $44.1M |
| 2029 | $63.34M | extrapolated at 15.1% | 0.7444 | $47.14M |
| 2030 | $70.53M | extrapolated at 11.4% | 0.6914 | $48.76M |
| 2031 | $76.7M | extrapolated at 8.8% | 0.6422 | $49.26M |
| 2032 | $82.01M | extrapolated at 6.9% | 0.5965 | $48.92M |
| 2033 | $86.64M | extrapolated at 5.6% | 0.5541 | $48.01M |
| 2034 | $90.76M | extrapolated at 4.8% | 0.5146 | $46.71M |
| 2035 | $94.5M | extrapolated at 4.1% | 0.4780 | $45.17M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $450.66M |
| Terminal value: cash flow 2035 × (1 + 2.7%) / (7.7% − 2.7%) | $1.94B |
| Present value of terminal value (× 0.4780) | $927.49M |
| Equity value (sum plus present value of terminal value) | $1.38B |
| Shares (diluted) | 9.79M |
| Value per share (equity value divided by shares) | $140.84 |
| Earnings per share, last twelve months | $1.54 |
| × 20.9 (industry P/E) | $32.15 |
| Fair value (average of both parts) | $86.49 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = €0.9024)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak since 13 Nov 2026, previously Neutral
- Valuation signal Fairly valued since 13 Nov 2026, previously Undervalued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.