Believe (BLV.PA) Stock Price

Believe Price

Delisted·Jul 21, 2025
17.20EUR
Last traded price

Revenue has compounded at 27.4% per year over the past 6 years to 992.08 M EUR. Believe's net margin stands at -0.3%, up from -5.9% several years earlier.

Believe stock price

Volume
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Stock Price

How to Read This Chart

This chart tracks the historical stock price of Believe over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Believe stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Believe's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Believe Stock Price History
DateBelieve Price
Access this data via the Eulerpool API

Believe Revenue, EBIT, Net Income

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2021
570.45 M EUR
-25.41 M EUR
-28.64 M EUR
Jan 1, 2022
768.05 M EUR
-10.55 M EUR
-24.97 M EUR
Jan 1, 2023
884.62 M EUR
-18.07 M EUR
-5.48 M EUR
Jan 1, 2024
992.08 M EUR
-2.12 M EUR
-3.05 M EUR
Jan 1, 2025 (e)
1.13 B EUR
-23.87 M EUR
22.31 M EUR
Jan 1, 2026 (e)
1.30 B EUR
-27.52 M EUR
41.20 M EUR
Jan 1, 2027 (e)
1.49 B EUR
-31.54 M EUR
58.16 M EUR
Jan 1, 2028 (e)
1.68 B EUR
-35.67 M EUR
82.46 M EUR

Believe Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 5, 2026, 8:47 PM
 
REVENUEB EUR
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM EUR
EBITM EUR
EBIT MARGIN%
NET INCOMEM EUR
NET INCOME GROWTH%
SHARESM
20182019202020212022202320242025e2026e2027e2028e
0.240.390.440.580.760.880.991.131.301.491.68
65.5511.9330.8431.7215.7912.2713.9715.2814.6413.10
30.2532.4930.1627.2125.6625.8027.0227.0227.0227.0227.02
72.00128.00133.00157.00195.00227.00267.00304.29350.78402.12454.82
8.0011.00-16.00-25.00-10.00-18.00-2.00-23.00-27.00-31.00-35.00
3.362.79-3.63-4.33-1.32-2.05-0.20-2.04-2.08-2.08-2.08
2.004.00-26.00-28.00-24.00-5.00-3.0022.0041.0058.0082.00
100.00-750.007.69-14.29-79.17-40.00-833.3386.3641.4641.38
89.9989.9995.8596.0596.1196.8289.9989.9989.9989.9989.99
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Believe generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Believe retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Believe's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Believe has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Believe's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Believe stock margins

The Believe margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Believe. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Believe.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2020
30.22 %
-3.73 %
-5.95 %
Jan 1, 2021
27.69 %
-4.45 %
-5.02 %
Jan 1, 2022
25.50 %
-1.37 %
-3.25 %
Jan 1, 2023
25.74 %
-2.04 %
-0.62 %
Jan 1, 2024
26.94 %
-0.21 %
-0.31 %
Jan 1, 2025 (e)
26.94 %
-2.12 %
1.98 %
Jan 1, 2026 (e)
26.94 %
-2.12 %
3.17 %
Jan 1, 2027 (e)
26.94 %
-2.12 %
3.91 %

Believe Stock Revenue, EBIT, Earnings per Share

The Believe earnings per share therefore indicates how much revenue Believe has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2020
4.61 EUR
-0.17 EUR
-0.27 EUR
Jan 1, 2021
5.94 EUR
-0.26 EUR
-0.30 EUR
Jan 1, 2022
7.99 EUR
-0.11 EUR
-0.26 EUR
Jan 1, 2023
9.14 EUR
-0.19 EUR
-0.06 EUR
Jan 1, 2024
11.02 EUR
-0.02 EUR
-0.03 EUR
Jan 1, 2025 (e)
11.07 EUR
-0.27 EUR
0.22 EUR
Jan 1, 2026 (e)
12.75 EUR
-0.31 EUR
0.40 EUR
Jan 1, 2027 (e)
14.62 EUR
-0.35 EUR
0.57 EUR

Believe business model & stock analysis

Believe SA is a French music technology company that was founded in 2005 by the Thiollier brothers, Denis and Arnaud. The company is headquartered in Paris and aims to help artists and labels promote and monetize their music careers. Believe SA has become one of the leading independent digital distribution and service providers for music and podcasts. The company offers a wide range of services including music distribution, label services, artist management, publishing, digital marketing, ticket sales, and merchandising. These services cater to artists and labels of all sizes, from emerging talents to established names in the music industry.

Believe SWOT Analysis

Strengths

Believe SA has several strengths that contribute to its success. Firstly, the company has a strong and reputable brand image in the market. This is crucial in building customer trust and loyalty. Additionally, Believe SA has a solid financial position, which enables them to invest in research and development, expand their operations, and explore new opportunities. Furthermore, the company's extensive distribution network and wide range of products and services give them a competitive edge.

Weaknesses

Despite its strengths, Believe SA also has some weaknesses that need to be addressed. One major weakness is their heavy reliance on a few key customers for a significant portion of their revenue. This dependence exposes them to higher risks if those clients reduce or terminate their business with Believe SA. Additionally, the company may face challenges in staying up-to-date with technological advancements, which could hinder their ability to remain competitive.

Opportunities

Believe SA has several opportunities to capitalize on in the market. With the growing demand for their products and services, the company can expand its customer base both domestically and internationally. They can also explore strategic partnerships or acquisitions to enhance their market presence and access new markets. Furthermore, the increasing trend of e-commerce provides an opportunity for Believe SA to strengthen their online sales platforms and reach a wider audience.

Threats

Like any other business, Believe SA faces certain threats that could impact its operations. Intense competition in the industry poses a threat to their market share and profitability. Economic downturns or uncertain market conditions may also negatively affect consumer spending, potentially reducing demand for Believe SA's products. Moreover, changing regulations and compliance requirements can create challenges for the company in terms of adapting and ensuring compliance across different markets.

Believe Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Believe historical P/E ratio, EBIT multiple, and P/S ratio

Believe annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Believe shares outstanding

The number of shares of Believe was 89.99 M in 2025. This indicates how many shares Believe is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2020
95.85 M Stocks
Jan 1, 2021
96.05 M Stocks
Jan 1, 2022
96.11 M Stocks
Jan 1, 2023
96.82 M Stocks
Jan 1, 2024
89.99 M Stocks
Jan 1, 2025 (e)
89.99 M Stocks
Jan 1, 2026 (e)
89.99 M Stocks
Jan 1, 2027 (e)
89.99 M Stocks
Price targets and forecasts for Believe are not yet available.

Believe shareholder structure

% Name
97.60487%
UPBEAT BIDCO
UPBEAT BIDCO
0.03745%
Axxion S.A.
Axxion S.A.
0.01550%
HMG Finance S.A.
HMG Finance S.A.

Believe Beneficial Ownership Filings (SEC 13D/G)

Free Float
0.2%
Float Shares
-
Shares Outstanding
-

Believe Executives and Management Board

17 members · avg. age 56 · 53 % women

DL

Mr. Denis Ladegaillerie (53)

Chairman of the Board, Chief Executive Officer

375,696.00 EUR

Management

XD

Mr. Xavier Dumont

Chief Financial, Strategy and People Officer

RB

Mr. Romain Becker

President of Label and Artist Solutions

AG

Ms. Andrea Gleeson

Chief Executive Officer and Managing Director of Tunecore

BD

Ms. Beatrice Dumurgier

Chief Operating Officer

AA

Ms. Anne Adamo

Chief Financial Control Officer

EB

Ms. Elsa Bourgain

Global Head of Artist Services

Board of Directors

AL

Ms. Anne-France Laclide-Drouin (57)

Independent Director

55,000.00 EUR
ON

Ms. Orla Noonan (55)

Independent Director

55,000.00 EUR
CF

Ms. Cecile Frot-Coutaz (57)

Independent Director, Representative of FSP

47,658.00 EUR
VS

Ms. Virginie Sautter

Director of Marketing and Communications

SB

Ms. Sandrine Bossard

Director of Human Resources

AD

Mr. Arnaud Defrenne

Director - Information Technology and Information Systems

Believe Supply Chain

Believe Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
2 companies
#NameTrend
1
Mdundo.com
Supplier·Customer·Entertainment·DK
0.04
-0.50
-0.63
-0.80
-0.26
2
Spotify Technology
Supplier·Customer·Entertainment·LU
-0.11
0.28
0.78
0.95
0.85

Frequently asked questions about Believe

The business model of Believe SA revolves around providing digital music and video distribution services to artists and labels. As a leading technology company for the global music industry, Believe SA offers a comprehensive range of solutions, including marketing, promotion, and sales tools. By leveraging their extensive network and technology-driven platforms, Believe SA enables independent artists and labels to reach wider audiences and monetize their content effectively. With a focus on empowering creative talent, Believe SA's business model aims to foster innovation and support sustainable growth in the music industry.

Believe SA is primarily active in the music and entertainment industries.

The main competitors of Believe SA in the market are other music distribution companies such as TuneCore, DistroKid, and CD Baby.

Believe SA is a renowned company in the music industry. Founded in 2005, Believe SA offers a wide range of music distribution and artist services. With its headquarters in Paris, France, the company has expanded its operations globally to over 50 countries, working with both independent and established labels. Believe SA's innovative platform empowers artists and labels to navigate the ever-evolving music market, providing digital distribution, marketing, and promotional support. Over the years, Believe SA has established itself as a trusted partner for artists, offering personalized solutions to maximize their reach and revenue, making it a prominent player in the music industry.

Believe SA has achieved several significant milestones since its establishment. The company has successfully expanded its global presence, reaching a wide audience of music fans and creators alike. Believe SA has fostered key partnerships with major record labels, independent artists, and influential industry figures, bolstering its reputation as a leading digital music company. Furthermore, the company has implemented innovative technologies and strategies to optimize music distribution and maximize artists' potential for success. Through its commitment to empowering musicians, Believe SA has demonstrated its dedication to shaping the future of the music industry.

Believe SA is primarily present in multiple countries and regions worldwide, establishing a strong global presence. The company operates in various key markets, including but not limited to Europe, North America, South America, Asia, and Africa. With its extensive reach, Believe SA serves artists, content creators, and music labels across these diverse territories, offering innovative technology solutions and services tailored to the needs of the music industry.

Believe SA represents a set of values and corporate philosophy that align with its mission and vision. The company emphasizes innovation, collaboration, and a customer-centric approach. Believe SA believes in fostering creativity and embracing new technologies to revolutionize the music industry. With a strong focus on artists and their growth, the company aims to empower them by providing a wide range of digital tools, expertise, and global resources. By offering an inclusive and diverse platform, Believe SA strives to create a fair and transparent ecosystem for artists to thrive and reach their fullest potential.

7 analysts currently rate the Believe stock: 0 recommend buying, 3 holding and 4 selling. For 2026, analysts expect Believe to generate revenue of 1.30 B EUR and earnings per share of 0.46 EUR.

The Believe share (BLV.PA) is listed on 4 stock exchanges, including: Frankfurt (8T6.F), München (8T6.MU), Paris (BLV.PA).

Believe SA is a leading company in the music industry, offering a wide range of services to its customers. With its business model based on the creation and management of music content, Believe SA has revolutionized the way artists and bands bring their music to the market.

The expected revenue of Believe is 1.30 B EUR. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Believe is 41.20 M EUR. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Believe is currently 37.57. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Believe stock.

The price-to-sales ratio (P/S) of Believe is currently 1.19. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Believe stock.

The Eulerpool Quality Score for Believe is 1/10.

The ISIN of Believe is FR0014003FE9. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Believe is A3CR05. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Believe is BLV.PA. The ticker symbol is used to trade Believe shares on the stock exchange.

Believe paid dividends every year for the past 0 years.

Believe is assigned to the 'Communication' sector.

The dividends of Believe are distributed in EUR.

All fundamentals and in-depth analysis of Believe

Our stock analysis for Believe stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Believe. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.