Energoaparatura S.A. (ENP) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Energoaparatura S.A. stock PLN 4.68, price PLN 3.20, upside +46.3%, quality 65 out of 100. Rating: undervalued. Calculated from audited financials with 23 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 3, 2026.
How to read this chart
60‑month range 0.9843 PLN – 3.86 PLN · fair‑value band 3.53 PLN – 5.82 PLN · the 3.20 PLN price screens below the 4.68 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Energoaparatura SA operates in construction and assembly services business in Poland. The company offers electrical power services, including construction, repair, and modernization of HV, MV, and LV stations and distribution boards, as well as construction and execution of electrical installations.
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It also provides a range of services related to renewable and ecological energy sources, such as construction of MV/HV GPO stations, HV and MV cable lines, and fiber optic lines, as well as control, measurement, and commissioning works.
In addition, the company offers electrical power equipment that include automation devices, signals, relays, service cases, converters, accessories, ENAP program, and ENAP express; mining equipment comprising compressor and transformer units, contractor starters, sensors, signaling and controlling devices, and related products; and mining and power cables and wires.
Further, it provides mining equipment services, such as renovation, repair, rental, and leasing services of explosion-proof electrical equipment and compressor units; prefabrication services; and design and consulting services. The company was founded in 1955 and is based in Katowice, Poland.
Stock analysis
Energoaparatura S.A. (ENP) currently trades at 3.20 PLN, while our model-based Fair Value estimate is 4.68 PLN, implying the stock looks roughly 32% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 5.97 PLN per share, and 17 of the 23 models we run sit above the 3.20 PLN price.
Bear case: the Asset-Based group reads lowest at 1.11 PLN, and 6 of the 23 models stay below the price. Data coverage for this calculation is low.
Scenario range: 3.53 PLN (bear) to 5.82 PLN (bull), the price of 3.20 PLN 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 65/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Energoaparatura S.A. reported revenue of 65.1M PLN in FY2025 versus 53.8M PLN in FY2021, a compound +4.9%/yr. Reported net income was 4.9M PLN in FY2025, compounding +19.5%/yr from FY2021.
Key figures
Market cap 63.0M PLN (≈ $16.1M) Micro · P/E ratio 13.9 · P/S ratio 0.55 · EPS (TTM) 0.2300 PLN · Net margin 4.0% · Return on equity 17.2% · Return on assets (EBIT) 8.6% (5-year average) · Operating margin 4.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 23% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at 46%, ENP screens cheaper than that median.
Fair Value models
Bear3.53 PLNFair Value 4.68 PLNBull5.82 PLN
Price 3.20 PLN · Upside +46.3%
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 (0.1972 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.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+43.7%
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.
+11.1%
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.
+18.8%
Start year 2020 (pandemic). Over 10 years: +5.5% 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.
+1.9%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+17.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.9%
Dividend (yield on the price)0.0%
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.22.9% vs 16.5%, 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.−7% → 9%
2025 sits 124% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
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).
−14.4%
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 −17.0% 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.Engineering & Construction · 791 stocks
Beats the industry median on 10/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside+51.0% · Above median
Profitability
Return on equity (12 months)17.2% · Top 25%
Return on assets6.7% · Top 25%
Net margin (12 months)4.0% · Above median
Operating margin (12 months)4.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)339.0% · Top 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (12 months)13.9× · Cheaper than median
P/B2.23× · Pricier than median
P/S (12 months)0.55× · Cheaper than median
Price / free cash flow (fiscal year)6.8× · 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). "Energoaparatura S.A. Fair Value". https://www.fairvalue-calculator.com/stock/ENP
Frequently asked questions
Is Energoaparatura S.A. (ENP) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 4.68 PLN versus a price of 3.20 PLN, about +46% upside (undervalued).
What is the fair value of ENP?
Our model-based fair value for Energoaparatura S.A. is 4.68 PLN (as of Nov 3, 2026), built from audited fundamentals. The current price: 3.20 PLN.
What is the quality score of ENP?
Energoaparatura S.A. 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 Energoaparatura S.A. (ENP)?
Our model-based price target is the fair value of 4.68 PLN (as of Nov 3, 2026) from 23 valuation models. Cautious scenario 3.53 PLN, optimistic scenario 5.82 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Energoaparatura S.A. stock forecast for 2026?
Our models put fair value at 4.68 PLN, about +46% upside versus a price of 3.20 PLN (undervalued). Cautious scenario 3.53 PLN, optimistic scenario 5.82 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Energoaparatura S.A. (ENP)?
Energoaparatura S.A. reported trailing-twelve-month revenue of about 111M PLN (latest available figure, as of Nov 3, 2026).
What growth is priced into Energoaparatura S.A. (ENP)?
For today's price to be fair in a discounted-cash-flow model, Energoaparatura S.A. would have to grow free cash flow by -14.4 % per year for five years (discount rate 9.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +18.8 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of ENP use?
Our models discount Energoaparatura S.A. at 9.3 %: a base by market capitalisation (nano), damped by beta 0.16, 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 Energoaparatura S.A. that is -14.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.3 %) and the same formula as our fair value.
How much growth has Energoaparatura S.A. (ENP) delivered so far?
Over the past 5 years revenue at Energoaparatura S.A. grew +18.8 % a year. The price currently implies free-cash-flow growth of -14.4 % 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 Energoaparatura S.A. (ENP) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Energoaparatura S.A. (-14.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Energoaparatura S.A. (ENP)?
The free-cash-flow yield on the price is 14.30 %: that much free cash flow Energoaparatura S.A. 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 Energoaparatura S.A. (ENP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Energoaparatura S.A. it is 4.68 PLN per share (as of Nov 3, 2026), against a price of 3.20 PLN. It is the blended result of 23 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Energoaparatura S.A. stock overvalued or undervalued in 2026?
As of Nov 3, 2026, ENP trades below its calculated fair value: price 3.20 PLN, fair value 4.68 PLN, a gap of about +46% (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 ENP?
No. The price is what the market pays today (3.20 PLN); the fair value is what the company's own numbers justify (4.68 PLN). For Energoaparatura S.A. the two are 1.48 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Energoaparatura S.A. worth?
The market values Energoaparatura S.A. at about 63.0M PLN (market capitalisation, as of Nov 3, 2026). Per share that is 3.20 PLN; our models calculate a fair value of 4.68 PLN per share.
What do the bullish and bearish scenarios say about ENP?
Our models span a range for Energoaparatura S.A.: cautious scenario 3.53 PLN, base 4.68 PLN, optimistic 5.82 PLN per share (as of Nov 3, 2026, price 3.20 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ENP?
Energoaparatura S.A. trades at a price-to-earnings ratio of 13.9 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 4.68 PLN is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 17.7. Other multiples: P/B 2.2, P/S 0.5, EV/EBITDA 8.6.
How solid is the balance sheet of Energoaparatura S.A. (ENP)?
Balance-sheet figures for Energoaparatura S.A. (as of Nov 3, 2026): return on equity 17.2%. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is ENP from its 52-week high?
Energoaparatura S.A. trades at 3.20 PLN, about 17% below its 52-week high of 3.86 PLN and 23% above the low of 2.60 PLN (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 4.68 PLN is for.
Which stocks are comparable to Energoaparatura S.A.?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, 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 Energoaparatura S.A. stock attractive at the current price?
The data as of Nov 3, 2026: price 3.20 PLN, calculated fair value 4.68 PLN (+46%), Quality Score 65/100, from 23 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 ENP calculated?
We run Energoaparatura S.A. through 23 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 4.68 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. Energoaparatura S.A. currently trades 32% 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 Energoaparatura S.A. (ENP)?
The closing price on Nov 9, 2026 was 3.20 PLN. Our model-based fair value is 4.68 PLN, about +46% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Energoaparatura S.A. right now?
The price is below even our cautious bear case (3.53 PLN). 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 (65/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Energoaparatura S.A. (ENP) come from?
Earnings per share at Energoaparatura S.A. grew +10.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.3 %, EBIT margin +6.2 %, tax rate +0.6 %, residual (interest, one-offs) +0.6 %. 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 Energoaparatura S.A.
How large is the market capitalisation of Energoaparatura S.A. (ENP)?
The market capitalisation of Energoaparatura S.A. is 63.0M PLN (≈ $16.1M). 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 Energoaparatura S.A. (ENP)?
The price-to-sales ratio of Energoaparatura S.A. is 0.55 (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 Energoaparatura S.A. (ENP)?
Earnings per share at Energoaparatura S.A. are 0.2300 PLN (price ÷ EPS = P/E 13.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Energoaparatura S.A. (ENP)?
The net margin of Energoaparatura S.A. is 4.0% (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 Energoaparatura S.A. (ENP)?
The return on equity (ROE) of Energoaparatura S.A. is 17.2% (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 Energoaparatura S.A. (ENP)?
On an EBIT basis the return on assets of Energoaparatura S.A. is 8.6% (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 Energoaparatura S.A. (ENP)?
The operating margin of Energoaparatura S.A. is 4.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Energoaparatura S.A. (ENP)?
Revenue at Energoaparatura S.A. is growing +339% versus a year earlier (3y avg +11.1%). 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 Energoaparatura S.A. (ENP)?
Earnings per share at Energoaparatura S.A. are growing +62.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Energoaparatura S.A. (ENP) hold?
Energoaparatura S.A. holds more cash than debt, 1.9M PLN net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Nov 3, 2026