Dektra SA (DKR) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of Dektra SA stock PLN 2.76, price PLN 5.04, that is 45.2% below the price, quality 65 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range 4.63 PLN – 13.61 PLN · fair‑value band 2.66 PLN – 2.90 PLN · the 5.04 PLN price screens above the 2.76 PLN fair value. As of Nov 4, 2026.
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Dektra SA engages in the production and distribution of insulation materials for the construction, agricultural, and industrial sectors in Poland.
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The company offers inbud construction foil, IFOL-S construction foil, inpar vapor insulation, and isopar vapor insulation; thick transparent foil, black protective foil, black protective cloth, and vapro protective film; GLASS FIBER PLASTER MESH; and bucket film, geotextile, HDPE geomembrane, PVC foundation insulation, and LDPE foundation insulation.
It also provides wrapping film, black and white silage film, black silage film, jumbo black and white silage film, backing foil, baling net, foil sleeve for salivation, and hay silage bags; and industrial stretch film, transparent PE protective foils, and industrial LDPE film.
The company was incorporated in 2010 and is headquartered in Torun, Poland.
Stock analysis
Dektra SA (DKR) currently trades at 5.04 PLN, while our model-based Fair Value estimate is 2.76 PLN, 45% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 8.12 PLN per share, and 7 of the 20 models we run sit above the 5.04 PLN price.
Bear case: the Growth Earnings group reads lowest at 0.3400 PLN, and 13 of the 20 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 2.66 PLN (bear) to 2.90 PLN (bull), the price of 5.04 PLN sits above 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 65/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Dektra SA reported revenue of 17.5M PLN in FY2025 versus 25.4M PLN in FY2022, a compound −11.6%/yr. Reported net income was 23.5K PLN in FY2025, compounding −78.0%/yr from FY2022.
Key figures
Market cap 5.6M PLN (≈ $1.4M) Micro · P/S ratio 0.31 · EPS (TTM) −0.0100 PLN · Dividend yield 6.0% · Net margin 1.4% · Return on equity 11.7% · Return on assets (EBIT) 16.9% · Operating margin 4.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −24% fair-value upside, at −45%, DKR screens richer than that median.
Fair Value models
Bear2.66 PLNFair Value 2.76 PLNBull2.90 PLN
Price 5.04 PLN · Downside -45.2%
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.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.
Best data coverage
FCF DCF6.51 PLN8.70 PLN12.69 PLN75
Growth DCF6.77 PLN8.89 PLN12.45 PLN73
Residual Income1.33 PLN1.38 PLN1.45 PLN73
All 20 models by family
DCF Models
FCF DCF6.51 PLN8.70 PLN12.69 PLN75
5Y Revenue Exit5.78 PLN7.98 PLN11.17 PLN67
5Y EBITDA Exit3.09 PLN3.33 PLN3.65 PLN71
5Y P/E Exit3.15 PLN3.44 PLN3.80 PLN67
10Y Revenue Exit5.90 PLN7.55 PLN9.31 PLN63
10Y EBITDA Exit4.42 PLN4.71 PLN4.94 PLN64
10Y P/E Exit4.45 PLN4.78 PLN5.03 PLN60
Earnings-Based
Graham-Dodd0.1400 PLN0.1800 PLN0.2000 PLN65
Dividend Discount
Gordon GGM2.69 PLN2.93 PLN3.31 PLN67
DDM Multi-Stage2.69 PLN3.34 PLN4.25 PLN65
Multiples
P/E Multiple0.3400 PLN0.4500 PLN0.5600 PLN63
P/S Multiple0.2700 PLN0.3600 PLN0.4500 PLN58
P/B Multiple7.17 PLN9.57 PLN11.96 PLN55
EV/EBITDA0.0900 PLN0.1600 PLN0.2300 PLN62
EV/Revenue4.90 PLN7.05 PLN9.20 PLN51
Asset-Based
NCAV (Graham)0.9200 PLN1.39 PLN1.74 PLN52
Growth DCF
Growth DCF6.77 PLN8.89 PLN12.45 PLN73
Rev-Margin DCF5.78 PLN8.12 PLN11.00 PLN68
Economic Profit
Residual Income1.33 PLN1.38 PLN1.45 PLN73
Growth Earnings
Growth-Adj P/E0.2400 PLN0.3400 PLN0.4400 PLN65
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−4.0%
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.
−11.6%
’22
’23
’24
’25
What shareholders gained per year (last 3 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 3 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.
−68.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−74.3%
Dividend (yield on the price)6.0%
Profit margin 2022 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.12% → −1%
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
−6.2%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −9.0% 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.Building Materials · 255 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside−45.2% · Bottom 25%
Profitability
Return on equity (12 months)11.7% · Top 25%
Return on assets0.7% · Below median
Net margin (12 months)1.4% · Below median
Operating margin (12 months)4.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)0.6% · Below median
Dividend yield (12 months)6.0% · Top 25%
Valuation Multiplesvs Building Materials median · lower = cheaper
P/B2.37× · Priciest 25%
P/S (12 months)0.31× · Cheapest 25%
Price / free cash flow9.1× · Cheaper than median
EV/EBITDA12.3× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 30
FUTURE (revenue growth)3· sector 11
PAST (return on equity)47· sector 17
HEALTH (low debt)0· sector 92
DIVIDEND (yield)100· sector 47
VALUE 0: the price sits above our fair-value range.
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). "Dektra SA Fair Value". https://www.fairvalue-calculator.com/stock/DKR
Frequently asked questions
Is Dektra SA (DKR) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 2.76 PLN versus a price of 5.04 PLN, about 45% lower (overvalued).
What is the fair value of DKR?
Our model-based fair value for Dektra SA is 2.76 PLN (as of Nov 4, 2026), built from audited fundamentals. The current price: 5.04 PLN.
What is the quality score of DKR?
Dektra SA has a Quality Score of 65/100. 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 Dektra SA (DKR)?
Our model-based price target is the fair value of 2.76 PLN (as of Nov 4, 2026) from 20 valuation models. Cautious scenario 2.66 PLN, optimistic scenario 2.90 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Dektra SA stock forecast for 2026?
Our models put fair value at 2.76 PLN, about 45% lower versus a price of 5.04 PLN (overvalued). Cautious scenario 2.66 PLN, optimistic scenario 2.90 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Dektra SA (DKR)?
Dektra SA reported trailing-twelve-month revenue of about 17.9M PLN (latest available figure, as of Nov 4, 2026).
Does Dektra SA pay a dividend?
Dektra SA currently shows a dividend yield of 6.05% relative to its recent price (as of Nov 4, 2026).
What growth is priced into Dektra SA (DKR)?
For today's price to be fair in a discounted-cash-flow model, Dektra SA would have to grow free cash flow by -6.2 % per year for five years (discount rate 9.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew -11.6 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of DKR use?
Our models discount Dektra SA at 9.3 %: a base by market capitalisation (nano), 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 Dektra SA that is -6.2 % per year a year over ten years, using the same discount rate (9.3 %) and the same formula as our fair value.
How much growth has Dektra SA (DKR) delivered so far?
Over the past 3 years revenue at Dektra SA grew -11.6 % a year. The price currently implies -6.2 % per year free-cash-flow growth a 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 Dektra SA (DKR) growing?
The median revenue growth in the sector is +7.7 % a year. That is the yardstick for the growth priced into Dektra SA (-6.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Dektra SA (DKR)?
The free-cash-flow yield on the price is 10.95 %: that much free cash flow Dektra SA produces per unit of market value. When it exceeds the discount rate of our models (9.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Dektra SA (DKR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dektra SA it is 2.76 PLN per share (as of Nov 4, 2026), against a price of 5.04 PLN. It is the blended result of 20 valuation models (cash flow, earnings, asset, dividend).
Is Dektra SA stock overvalued or undervalued in 2026?
As of Nov 4, 2026, DKR trades above its calculated fair value: price 5.04 PLN, fair value 2.76 PLN, a gap of about −45% (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 DKR?
No. The price is what the market pays today (5.04 PLN); the fair value is what the company's own numbers justify (2.76 PLN). For Dektra SA the two are 2.28 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Dektra SA worth?
The market values Dektra SA at about 5.6M PLN (market capitalisation, as of Nov 4, 2026). Per share that is 5.04 PLN; our models calculate a fair value of 2.76 PLN per share.
What do the bullish and bearish scenarios say about DKR?
Our models span a range for Dektra SA: cautious scenario 2.66 PLN, base 2.76 PLN, optimistic 2.90 PLN per share (as of Nov 4, 2026, price 5.04 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Dektra SA (DKR)?
Balance-sheet figures for Dektra SA (as of Nov 4, 2026): return on equity 11.7%. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is DKR from its 52-week high?
Dektra SA trades at 5.04 PLN, about 17% below its 52-week high of 6.10 PLN and 9% above the low of 4.63 PLN (as of Nov 4, 2026). Distance from the high says nothing about value: that is what the fair value of 2.76 PLN is for.
Which stocks are comparable to Dektra SA?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Vulcan Materials Company, Martin Marietta Materials, Inc, 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 Dektra SA stock attractive at the current price?
The data as of Nov 4, 2026: price 5.04 PLN, calculated fair value 2.76 PLN (−45%), Quality Score 65/100, from 20 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 DKR calculated?
We run Dektra SA through 20 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 2.76 PLN, 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 15.0% above its aggregate fair value. Dektra 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 Dektra SA (DKR)?
The closing price on Nov 4, 2026 was 5.04 PLN. Our model-based fair value is 2.76 PLN, about 45% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dektra SA right now?
The price sits above even our optimistic bull case (2.90 PLN). The favourable scenario is already priced in. Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (2.66 PLN to 2.90 PLN), unusually little disagreement for a valuation.
Key figures of Dektra SA
How large is the market capitalisation of Dektra SA (DKR)?
The market capitalisation of Dektra SA is 5.6M PLN (≈ $1.4M). 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 Dektra SA (DKR)?
The price-to-sales ratio of Dektra SA is 0.31 (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 Dektra SA (DKR)?
Earnings per share at Dektra SA are −0.0100 PLN. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Dektra SA (DKR)?
The dividend yield of Dektra SA is 6.0%. 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 Dektra SA (DKR)?
The net margin of Dektra SA is 1.4% (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 Dektra SA (DKR)?
The return on equity (ROE) of Dektra SA is 11.7% (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 Dektra SA (DKR)?
On an EBIT basis the return on assets of Dektra SA is 16.9% (avg 4y). 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 Dektra SA (DKR)?
The operating margin of Dektra SA is 4.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dektra SA (DKR)?
Revenue at Dektra SA is growing +0.6% versus a year earlier (3y avg −11.6%). 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 Dektra SA (DKR)?
Earnings per share at Dektra SA are growing +119% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Dektra SA (DKR) carry?
The net debt of Dektra SA is 139K PLN (fiscal year 2024, ≈ 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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