B

Believe SA
PAR:BLV

Watchlist Manager
Believe SA
PAR:BLV
Watchlist
Price: 17.2 EUR Market Closed
Market Cap: €1.7B

P/FCFE

-54.4
Current
14%
More Expensive
vs 3-y average of -47.9

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
-54.4
=
Market Cap
€1.7B
/
Free Cash Flow to Equity
€-31.8m

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
-54.4
=
Market Cap
€1.7B
/
Free Cash Flow to Equity
€-31.8m

Valuation Scenarios

Believe SA is trading above its industry average

If P/FCFE returns to its Industry Average (10.3), the stock would be worth €-3.25 (119% downside from current price).

Statistics
Positive Scenarios
0/2
Maximum Downside
-128%
Maximum Upside
No Upside Scenarios
Average Downside
123%
Scenario P/FCFE Value Implied Price Upside/Downside
Current Multiple -54.4 €17.2
0%
Industry Average 10.3 €-3.25
-119%
Country Average 15 €-4.73
-128%

Forward P/FCFE
Today’s price vs future free cash flow to equity

Not enough data available to calculate forward P/FCFE

Peer Comparison

All Multiples
P/FCFE
P/E
All Countries
Close
Market Cap P/FCFE P/E
FR
Believe SA
PAR:BLV
1.7B EUR -54.4 -566.7
US
Netflix Inc
NASDAQ:NFLX
387.9B USD 36.2 29.4
US
Walt Disney Co
NYSE:DIS
182.6B USD 24.1 15.1
LU
Spotify Technology SA
NYSE:SPOT
91.3B USD 44.4 28.9
US
Warner Bros Discovery Inc
NASDAQ:WBD
67.1B USD -45.6 92.4
NL
Universal Music Group NV
AEX:UMG
35.5B EUR 18.8 21.3
US
Live Nation Entertainment Inc
NYSE:LYV
36.1B USD 19.3 -664.1
US
TKO Group Holdings Inc
NYSE:TKO
35.6B USD 20.6 156.4
FR
Bollore SE
PAR:BOL
14.8B EUR 90.4 43.1
US
Roku Inc
NASDAQ:ROKU
16.7B USD 35.4 191.5
US
Warner Music Group Corp
NASDAQ:WMG
14.6B USD 45.1 48.9
P/E Multiple
Earnings Growth PEG
FR
B
Believe SA
PAR:BLV
Average P/E: 69.7
Negative Multiple: -566.7
N/A N/A
US
Netflix Inc
NASDAQ:NFLX
29.4
21%
1.4
US
Walt Disney Co
NYSE:DIS
15.1
6%
2.5
LU
Spotify Technology SA
NYSE:SPOT
28.9
22%
1.3
US
Warner Bros Discovery Inc
NASDAQ:WBD
92.4
N/A N/A
NL
Universal Music Group NV
AEX:UMG
21.3
16%
1.3
US
Live Nation Entertainment Inc
NYSE:LYV
Negative Multiple: -664.1 N/A N/A
US
TKO Group Holdings Inc
NYSE:TKO
156.4
57%
2.7
FR
Bollore SE
PAR:BOL
43.1
-1%
N/A
US
Roku Inc
NASDAQ:ROKU
191.5
94%
2
US
Warner Music Group Corp
NASDAQ:WMG
48.9
41%
1.2

Market Distribution

Lower than 100% of companies in France
Percentile
0th
Based on 1 206 companies
0th percentile
-54.4
Low
0.1 — 8.4
Typical Range
8.4 — 26.7
High
26.7 —
Distribution Statistics
France
Min 0.1
30th Percentile 8.4
Median 15
70th Percentile 26.7
Max 1 133.8

Believe SA
Glance View

Market Cap
1.7B EUR
Industry
Media

Believe SA, a digital music company founded in 2005 by Denis Ladegaillerie, emerged at the intersection of technology and independent artistry. The company was born out of a vision to transform the traditional music industry, offering flexible solutions that empower artists and labels in the digital age. Operating across more than 50 countries, Believe has carved a niche by leveraging technology to distribute, market, and monetize music. Its core offerings include TuneCore — a platform enabling independent artists to upload, promote, and sell their music across major streaming services. By providing tools and insights, Believe helps musicians expand their reach, retain control over their work, and ultimately draw in revenue, all within a landscape plagued by the rigidities of traditional music contracts. Profitability hinges upon Believe's ability to blend artist empowerment with efficient digital solutions. The company earns revenue through a combination of flat fees and revenue-sharing models, allowing independent labels and artists to access its suite of services. This model is complemented by a focus on data analytics to optimize performance and marketing strategies, providing artists with valuable insights into listener behavior and market trends. Additionally, Believe nurtures artists from across cultural spectrums, enabling them to tap into global markets while retaining their unique identities. From nascent musicians to established talents, Believe SA positions itself as a pivotal partner in the evolving music ecosystem, ensuring artists can navigate the complexities of the digital domain while enhancing their commercial success.

BLV Intrinsic Value
13.88 EUR
Overvaluation 19%
Intrinsic Value
Price €17.2
B
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett