CFI Holding SA (CFI) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of CFI Holding SA stock PLN 0.12, price PLN 0.14, that is 13.0% below the price, quality 59 out of 100. Rating: overvalued. Calculated from audited financials with 11 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 7, 2026.
How to read this chart
60‑month range 0.1180 PLN – 0.3480 PLN · fair‑value band 0.0900 PLN – 0.1600 PLN · the 0.1380 PLN price screens above the 0.1200 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
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CFI Holding S.A. engages in construction activities in Poland. The company operates in Hotels and Restaurants, Real Estate, and Chemicals segments.
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It engages in hotel and restaurant and catering activities; rental of real estate and apartments in the TBS system; and recreation, sports, and medical services sectors activities.
The company is also involved in commercial activities; catering activities and operational support for hotel activities; and rental of construction machinery. In addition, it sells artificial fertilizers, plant protection products, dyes, and other chemicals.
CFI Holding S.A. was founded in 1998 and is headquartered in Wroclaw, Poland.
Stock analysis
CFI Holding SA (CFI) currently trades at 0.1380 PLN, while our model-based Fair Value estimate is 0.1200 PLN, 13% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 0.2200 PLN per share, and 4 of the 11 models we run sit above the 0.1380 PLN price.
Bear case: the Earnings-Based group reads lowest at 0.0700 PLN, and 7 of the 11 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.0900 PLN (bear) to 0.1600 PLN (bull), the price of 0.1380 PLN sits inside 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 Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
CFI Holding SA reported revenue of 259M PLN in FY2025 versus 148M PLN in FY2021, a compound +15.0%/yr. Reported net income was 15.7M PLN in FY2025.
Key figures
Market cap 380M PLN (≈ $97.0M) Micro · P/E ratio 13.8 · P/S ratio 1.97 · EPS (TTM) 0.0100 PLN · Dividend yield 0.1% · Net margin 8.7% · Return on equity 3.0% · Return on assets (EBIT) 1.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 17% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 8% fair-value upside, at −13%, CFI screens richer than that median.
Fair Value models
Bear0.0900 PLNFair Value 0.1200 PLNBull0.1600 PLN
Price 0.1380 PLN · Downside -13.0%
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 (0.0086 PLN 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.90/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+0.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.4%
Start year 2020 (pandemic). Over 10 years: +9.6% a year
Revenue growth 17 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.8%
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What shareholders gained per year (last 5 years) ⓘ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. Basis: EBIT basis.
≈ +17.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +17.2%
Dividend (yield on the price)0.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−19.0% vs −35.9%, picking up
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.−27% → 25%
⚠ Revenue per share shrinking 17.5%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 0.011 per share, median 0.71 in 2015 to 2018). It measures the recovery from the trough, not lasting growth.
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).
+7.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Poland: IMF forecast 3.1% a year to 2030, 4.6% from 2016 to 2025) that is about +4.2% a year for the price.
Price, fair value, quality and upside side by side.
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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.Conglomerates · 304 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside−13.0% · Below median
Profitability
Return on equity (12 months)3.0% · Below median
Return on assets1.3% · Below median
Net margin (12 months)11.8% · Above median
Operating margin (12 months)39.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−1.8% · Below median
Dividend yield (12 months)0.1% · Bottom 25%
Balance sheet
Debt / equity0.18× · Below median
Valuation Multiplesvs Conglomerates median · lower = cheaper
P/E (12 months)13.8× · Pricier than median
P/B0.42× · Cheapest 25%
P/S (12 months)1.97× · Pricier than median
Price / free cash flow (fiscal year)13.2× · Pricier 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). "CFI Holding SA Fair Value". https://www.fairvalue-calculator.com/stock/CFI
Frequently asked questions
Is CFI Holding SA (CFI) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 0.1200 PLN versus a price of 0.1380 PLN, about 13% lower (overvalued).
What is the fair value of CFI?
Our model-based fair value for CFI Holding SA is 0.1200 PLN (as of Nov 7, 2026), built from audited fundamentals. The current price: 0.1380 PLN.
What is the quality score of CFI?
CFI Holding SA 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 CFI Holding SA (CFI)?
Our model-based price target is the fair value of 0.1200 PLN (as of Nov 7, 2026) from 11 valuation models. Cautious scenario 0.0900 PLN, optimistic scenario 0.1600 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the CFI Holding SA stock forecast for 2026?
Our models put fair value at 0.1200 PLN, about 13% lower versus a price of 0.1380 PLN (overvalued). Cautious scenario 0.0900 PLN, optimistic scenario 0.1600 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of CFI Holding SA (CFI)?
CFI Holding SA reported trailing-twelve-month revenue of about 262M PLN (latest available figure, as of Nov 7, 2026).
Does CFI Holding SA pay a dividend?
CFI Holding SA currently shows a dividend yield of 0.07% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of CFI Holding SA (CFI)?
CFI Holding SA has a dividend yield of 0.1%.
What growth is priced into CFI Holding SA (CFI)?
For today's price to be fair in a discounted-cash-flow model, CFI Holding SA would have to grow free cash flow by +7.5 % per year for five years (discount rate 12.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.5 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of CFI use?
Our models discount CFI Holding SA at 12.1 %: a base by market capitalisation (micro), damped by beta 0.06, country premium for Poland. 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 CFI Holding SA that is +7.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.1 %) and the same formula as our fair value.
How much growth has CFI Holding SA (CFI) delivered so far?
Over the past 5 years revenue at CFI Holding SA grew +14.5 % a year. The price currently implies free-cash-flow growth of +7.5 % 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 CFI Holding SA (CFI) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into CFI Holding SA (+7.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of CFI Holding SA (CFI)?
The free-cash-flow yield on the price is 10.32 %: that much free cash flow CFI Holding SA produces per unit of market value. When it exceeds the discount rate of our models (12.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of CFI Holding SA (CFI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CFI Holding SA it is 0.1200 PLN per share (as of Nov 7, 2026), against a price of 0.1380 PLN. It is the blended result of 11 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is CFI Holding SA stock overvalued or undervalued in 2026?
As of Nov 7, 2026, CFI trades above its calculated fair value: price 0.1380 PLN, fair value 0.1200 PLN, a gap of about −13% (overvalued). 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 CFI?
No. The price is what the market pays today (0.1380 PLN); the fair value is what the company's own numbers justify (0.1200 PLN). For CFI Holding SA the two are 0.0180 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is CFI Holding SA worth?
The market values CFI Holding SA at about 380M PLN (market capitalisation, as of Nov 7, 2026). Per share that is 0.1380 PLN; our models calculate a fair value of 0.1200 PLN per share.
What do the bullish and bearish scenarios say about CFI?
Our models span a range for CFI Holding SA: cautious scenario 0.0900 PLN, base 0.1200 PLN, optimistic 0.1600 PLN per share (as of Nov 7, 2026, price 0.1380 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CFI?
CFI Holding SA trades at a price-to-earnings ratio of 13.8 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.1200 PLN is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2016 to 2025), reported earnings: 18.2. Other multiples: P/B 0.4, P/S 2.0, EV/EBITDA 13.5.
How solid is the balance sheet of CFI Holding SA (CFI)?
Balance-sheet figures for CFI Holding SA (as of Nov 7, 2026): return on equity 3.0%, debt of 0.18 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is CFI from its 52-week high?
CFI Holding SA trades at 0.1380 PLN, about 17% below its 52-week high of 0.1670 PLN and 17% above the low of 0.1180 PLN (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.1200 PLN is for.
Which stocks are comparable to CFI Holding SA?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, SGH Limited, 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 CFI Holding SA stock attractive at the current price?
The data as of Nov 7, 2026: price 0.1380 PLN, calculated fair value 0.1200 PLN (−13%), Quality Score 59/100, from 11 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 CFI calculated?
We run CFI Holding SA through 11 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 0.1200 PLN 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. CFI Holding SA itself currently trades above fair value. 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 CFI Holding SA (CFI)?
The closing price on Nov 6, 2026 was 0.1380 PLN. Our model-based fair value is 0.1200 PLN, about 13% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CFI Holding SA right now?
Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of CFI Holding SA (CFI) come from?
Earnings per share at CFI Holding SA grew −35.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share −26.4 %, EBIT margin −10.1 %, tax rate −0.4 %, residual (interest, one-offs) −2.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of CFI Holding SA
How large is the market capitalisation of CFI Holding SA (CFI)?
The market capitalisation of CFI Holding SA is 380M PLN (≈ $97.0M). 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 CFI Holding SA (CFI)?
The price-to-sales ratio of CFI Holding SA is 1.97 (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 CFI Holding SA (CFI)?
Earnings per share at CFI Holding SA are 0.0100 PLN (price ÷ EPS = P/E 13.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of CFI Holding SA (CFI)?
The dividend yield of CFI Holding SA is 0.1% (payout 0.9%). 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 CFI Holding SA (CFI)?
The net margin of CFI Holding SA is 8.7% (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 CFI Holding SA (CFI)?
The return on equity (ROE) of CFI Holding SA is 3.0% (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 CFI Holding SA (CFI)?
On an EBIT basis the return on assets of CFI Holding SA is 1.5% (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 CFI Holding SA (CFI)?
The operating margin of CFI Holding SA is 39.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CFI Holding SA (CFI)?
Revenue at CFI Holding SA is growing −1.8% versus a year earlier (3y avg +5.8%). 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 CFI Holding SA (CFI)?
Earnings per share at CFI Holding SA are growing +38.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does CFI Holding SA (CFI) carry?
The net debt of CFI Holding SA is 193M PLN (fiscal year 2025, ≈ 4.9 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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Thin data
Nov 7, 2026