Munic S.A. (ALMUN.PA)

Munic S.A. (ALMUN.PA) — VMCI valuation read

ALMUN.PA screens at VMCI 47/100, a 3-point gap below the Technology sector median (50). For a mid-cap Munic S.A. share, that placement says the multi-pillar composite is richer or lower quality than the typical peer on a like-for-like basis.

ALMUN.PA has logged no Form 4 insider activity over the trailing 30 days. The tape reads neither bullish nor bearish on insider conviction. The next signal sits with the 10-Q schedule and the analyst calendar.

**Investor frame.** Value: ALMUN.PA trades at 20.0x earnings, 11% above the Technology median of 18.0x, while EV/EBITDA prints 9.0x against 12.0x for the Technology group. Quality: ROIC of 16.0% sits 6.0pp above the Technology median (10.0%), the cleanest like-for-like comparison on capital efficiency. Risk: net debt to EBITDA of 2.3x is the rate-sensitivity line to watch, which sets the rate-cycle exposure for Munic S.A..

ALMUN.PA rose 2.8% over the trailing 7 days, with a -16.5% read on a 30-day basis.