Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. stock HUF 382, price HUF 195, upside +95.9%, quality 59 out of 100. Rating: strongly undervalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 152.56 HUF – 721.79 HUF · fair‑value band 256.27 HUF – 595.67 HUF · the 195.00 HUF price screens below the 382.00 HUF fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Budapesti Ingatlan Hasznosítási és Fejlesztési Nyrt. engages in the property development business in Hungary. Its properties consists of office buildings, parking garages, construction lots, residential properties, and hotels.
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The company develops office and residential buildings and land conversions; and rents, operates, manages, and sells properties. The company was founded in 1994 and is based in Budapest, Hungary. Budapesti Ingatlan Hasznosítási és Fejlesztési Nyrt. is a subsidiary of PIÓ 21 Kft.
Stock analysis
Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF) currently trades at 195.00 HUF, while our model-based Fair Value estimate is 382.00 HUF, implying the stock looks roughly 49% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 528.64 HUF per share, and 14 of the 16 models we run sit above the 195.00 HUF price.
Bear case: the Dividend Discount group reads lowest at 103.62 HUF, and 2 of the 16 models stay below the price. Data coverage for this calculation is low.
Scenario range: 256.27 HUF (bear) to 595.67 HUF (bull), the price of 195.00 HUF sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 59/100 (solid quality), in the Real Estate sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. reported revenue of 14.9B HUF in FY2025 versus 4.9B HUF in FY2021, a compound +31.9%/yr. Reported net income was 10.8B HUF in FY2025, compounding +6.9%/yr from FY2021.
Key figures
Market cap 53.4B HUF (≈ $165M) Micro · P/E ratio 5.4 · P/S ratio 3.23 · EPS (TTM) 36.33 HUF · Dividend yield 5.1% · Net margin 60.9% · Return on equity 12.5% · Return on assets (EBIT) 6.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 75 out of 100 (low confidence).
What moves the price
The share trades about 47% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −7% fair-value upside, at 96%, BIF screens cheaper than that median.
Fair Value models
Bear256.27 HUFFair Value 382.00 HUFBull595.67 HUF
Price 195.00 HUF · Upside +95.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (22.58 HUF per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.94/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
What shareholders gained per year (last 5 years), in HUF ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in HUF: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+19.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.8%
Dividend (yield on the price)5.1%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.36% → 51%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+1.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Hungary: IMF forecast 3.3% a year to 2030, 5.6% from 2016 to 2025) that is about −1.3% a year for the price.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Diversified · 138 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside+95.9% · Top 25%
Profitability
Return on equity (12 months)12.5% · Top 25%
Return on assets9.8% · Top 25%
Net margin (12 months)60.9% · Above median
Operating margin (12 months)46.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)24.7% · Top 25%
Dividend yield (12 months)5.1% · Below median
Balance sheet
Debt / equity0.19× · Lowest 25%
Valuation Multiplesvs REIT - Diversified median · lower = cheaper
P/E (12 months)5.4× · Cheapest 25%
P/B0.62× · Cheaper than median
P/S (12 months)3.23× · Cheaper than median
Price / free cash flow (fiscal year)8.7× · Cheaper than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. Fair Value". https://www.fairvalue-calculator.com/stock/BIF
Frequently asked questions
Is Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 382.00 HUF versus a price of 195.00 HUF, about +96% upside (undervalued).
What is the fair value of BIF?
Our model-based fair value for Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. is 382.00 HUF (as of Nov 8, 2026), built from audited fundamentals. The current price: 195.00 HUF.
What is the quality score of BIF?
Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. has a Quality Score of 59/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
Our model-based price target is the fair value of 382.00 HUF (as of Nov 8, 2026) from 16 valuation models. Cautious scenario 256.27 HUF, optimistic scenario 595.67 HUF. It is a calculation from audited fundamentals, not an analyst target.
What is the Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. stock forecast for 2026?
Our models put fair value at 382.00 HUF, about +96% upside versus a price of 195.00 HUF (undervalued). Cautious scenario 256.27 HUF, optimistic scenario 595.67 HUF. The calculation is refreshed regularly with new filings.
What is the revenue of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. reported trailing-twelve-month revenue of about 16.5B HUF (latest available figure, as of Nov 8, 2026).
Does Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. pay a dividend?
Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. currently shows a dividend yield of 5.13% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF) and when is the ex-dividend date?
Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. pays a dividend of 10.00 HUF per share a year, a dividend yield of 5.1%. The last ex-dividend date was May 22, 2026. The payout ratio is 27.5% of earnings. Free cash flow covers the dividend 2.24 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
For today's price to be fair in a discounted-cash-flow model, Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. would have to grow free cash flow by +1.9 % per year for five years (discount rate 13.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +19.2 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of BIF use?
Our models discount Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. at 13.5 %: a base by market capitalisation (micro), damped by beta 0.05, country premium for Hungary. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. that is +1.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.5 %) and the same formula as our fair value.
How much growth has Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF) delivered so far?
Over the past 5 years revenue at Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. grew +19.2 % a year. The price currently implies free-cash-flow growth of +1.9 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (+1.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
The free-cash-flow yield on the price is 11.51 %: that much free cash flow Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. produces per unit of market value. When it exceeds the discount rate of our models (13.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. it is 382.00 HUF per share (as of Nov 8, 2026), against a price of 195.00 HUF. It is the blended result of 16 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. stock overvalued or undervalued in 2026?
As of Nov 8, 2026, BIF trades below its calculated fair value: price 195.00 HUF, fair value 382.00 HUF, a gap of about +96% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BIF?
No. The price is what the market pays today (195.00 HUF); the fair value is what the company's own numbers justify (382.00 HUF). For Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. the two are 187.00 HUF per share apart. That gap is exactly why we show both numbers side by side.
How much is Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. worth?
The market values Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. at about 53.4B HUF (market capitalisation, as of Nov 8, 2026). Per share that is 195.00 HUF; our models calculate a fair value of 382.00 HUF per share.
What do the bullish and bearish scenarios say about BIF?
Our models span a range for Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt.: cautious scenario 256.27 HUF, base 382.00 HUF, optimistic 595.67 HUF per share (as of Nov 8, 2026, price 195.00 HUF). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BIF?
Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. trades at a price-to-earnings ratio of 5.4 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 382.00 HUF is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2019 to 2025), reported earnings: 12.6. Other multiples: P/B 0.6, P/S 3.2, EV/EBITDA 6.6.
How solid is the balance sheet of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
Balance-sheet figures for Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (as of Nov 8, 2026): return on equity 12.5%, debt of 0.19 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is BIF from its 52-week high?
Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. trades at 195.00 HUF, about 47% below its 52-week high of 364.72 HUF and at the low of 195.00 HUF (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 382.00 HUF is for.
Which stocks are comparable to Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt.?
From the same area (Real Estate) we also value Goodman Group, VICI Properties Inc, W. P. Carey Inc, Stockland, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. stock attractive at the current price?
The data as of Nov 8, 2026: price 195.00 HUF, calculated fair value 382.00 HUF (+96%), Quality Score 59/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BIF calculated?
We run Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. through 16 models from 6 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 382.00 HUF builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. currently trades 49% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
The closing price on Nov 6, 2026 was 195.00 HUF. Our model-based fair value is 382.00 HUF, about +96% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. right now?
The price is below even our cautious bear case (256.27 HUF). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (256.27 HUF to 595.67 HUF) leaves room in how you read the outcome.
Key figures of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt.
How large is the market capitalisation of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
The market capitalisation of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. is 53.4B HUF (≈ $165M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
The price-to-sales ratio of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. is 3.23 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
Earnings per share at Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. are 36.33 HUF (price ÷ EPS = P/E 5.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
The dividend yield of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. is 5.1% (payout 27.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
The net margin of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. is 60.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
The return on equity (ROE) of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. is 12.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
On an EBIT basis the return on assets of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. is 6.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
The operating margin of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. is 46.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
Revenue at Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. is growing +24.7% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
Earnings per share at Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. are growing −26.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF) carry?
The net debt of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. is 1.1B HUF (fiscal year 2025, ≈ 0.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 8, 2026