Gold By Gold S.A. (ALGLD.PA)

Gold By Gold S.A. (ALGLD.PA) — VMCI valuation read

Headline read on ALGLD.PA: VMCI of 53/100 versus a Basic Materials sector median of 50. The 3-point above-median position is what makes Gold By Gold S.A. a relative-value candidate in the mid-cap cohort, before any pillar-level review.

Form 4 filings on ALGLD.PA: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on ALGLD.PA: value (ALGLD.PA trades at 25.0x earnings, 39% above the Basic Materials median of 18.0x), quality (ROIC of 19.0% sits 9.0pp above the Basic Materials median (10.0%)), and risk (net debt to EBITDA of 2.8x is the rate-sensitivity line to watch). The value read also implies an EV/EBITDA gap of +4.0x against the Basic Materials 12.0x baseline.

ALGLD.PA rose 0.2% over the trailing 7 days, with a +2.7% read on a 30-day basis.