Equnico SE (EQU) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Equnico SE stock PLN 0.75, price PLN 1.41, that is 46.8% below the price, quality 63 out of 100. Rating: strongly overvalued. Calculated from audited financials with 20 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 0.3960 PLN – 1.59 PLN · fair‑value band 0.6000 PLN – 0.9300 PLN · the 1.41 PLN price screens above the 0.7500 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Equnico SE, together with its subsidiaries, engages in the construction business in Estonia, Poland, Uzbekistan, and Central and Eastern Europe.
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It is involved in the construction of civil engineering structures; erection of reinforced concrete structures; production of mineral-asphalt mixtures for use in road subgrade layers; production of steel structures for power, industrial, and civil networks; construction and modernization of power line installations; power stations; and supply of materials and equipment for infrastructure investments.
The company also offers office operation, telecommunication, financial, consulting, couriers, and marketing services. It serves construction, energy, transport, and storage and disposal of waste companies, as well as individual and business customers.
The company was formerly known as Resbud SE and changed its name to Equnico SE in September 2024. Equnico SE was founded in 1950 and is headquartered in Modlniczka, Poland.
Stock analysis
Equnico SE (EQU) currently trades at 1.41 PLN, while our model-based Fair Value estimate is 0.7500 PLN, 47% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 1.24 PLN per share, and 3 of the 20 models we run sit above the 1.41 PLN price.
Bear case: the Asset-Based group reads lowest at 0.3700 PLN, and 17 of the 20 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.6000 PLN (bear) to 0.9300 PLN (bull), the price of 1.41 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 63/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Equnico SE reported revenue of 98.5M PLN in FY2025 versus 279M PLN in FY2021, a compound −23.0%/yr. Reported net income was 23.3M PLN in FY2025.
Key figures
Market cap 445M PLN (≈ $114M) Micro · P/E ratio 23.5 · P/S ratio 4.42 · EPS (TTM) 0.0600 PLN · Net margin 22.2% · Return on equity 7.9% · Return on assets (EBIT) 1.5% (5-year average) · Operating margin 12.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 55 out of 100 (low confidence).
What moves the price
The share trades about 11% below its 52-week high and 64% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at −47%, EQU screens richer than that median.
Fair Value models
Bear0.6000 PLNFair Value 0.7500 PLNBull0.9300 PLN
Price 1.41 PLN · Downside -46.8%
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 (0.0515 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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−2.6%
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.
−30.4%
’21
’22
’23
’24
’25
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.
+35.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+35.1%
Dividend (yield on the price)0.0%
Profit margin 2021 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.1% → −5%
2025 sits 153% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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).
+13.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Poland: IMF forecast 3.1% a year to 2030, 4.6% from 2016 to 2025) that is about +10.4% 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 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside−46.8% · Bottom 25%
Profitability
Return on equity (12 months)7.9% · Above median
Return on assets4.7% · Above median
Net margin (12 months)22.2% · Top 25%
Operating margin (12 months)12.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)10.6% · Above median
Balance sheet
Debt / equity0.07× · Below median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (12 months)23.5× · Pricier than median
P/B2.51× · Pricier than median
P/S (12 months)4.42× · Priciest 25%
Price / free cash flow (fiscal year)19.3× · Pricier than median
PEG1.04× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 34
FUTURE (revenue growth)53· sector 20
PAST (return on equity)32· sector 28
HEALTH (low debt)97· sector 94
DIVIDEND (yield)0· sector 44
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). "Equnico SE Fair Value". https://www.fairvalue-calculator.com/stock/EQU
Frequently asked questions
Is Equnico SE (EQU) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 0.7500 PLN versus a price of 1.41 PLN, about 47% lower (overvalued).
What is the fair value of EQU?
Our model-based fair value for Equnico SE is 0.7500 PLN (as of Nov 8, 2026), built from audited fundamentals. The current price: 1.41 PLN.
What is the quality score of EQU?
Equnico SE has a Quality Score of 63/100. 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 Equnico SE (EQU)?
Our model-based price target is the fair value of 0.7500 PLN (as of Nov 8, 2026) from 20 valuation models. Cautious scenario 0.6000 PLN, optimistic scenario 0.9300 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Equnico SE stock forecast for 2026?
Our models put fair value at 0.7500 PLN, about 47% lower versus a price of 1.41 PLN (overvalued). Cautious scenario 0.6000 PLN, optimistic scenario 0.9300 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Equnico SE (EQU)?
Equnico SE reported trailing-twelve-month revenue of about 101M PLN (latest available figure, as of Nov 8, 2026).
What growth is priced into Equnico SE (EQU)?
For today's price to be fair in a discounted-cash-flow model, Equnico SE would have to grow free cash flow by +13.9 % per year for five years (discount rate 12.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew -23.0 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of EQU use?
Our models discount Equnico SE at 12.1 %: a base by market capitalisation (micro), damped by beta 0.15, 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 Equnico SE that is +13.9 % 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 Equnico SE (EQU) delivered so far?
Over the past 4 years revenue at Equnico SE grew -23.0 % a year. The price currently implies free-cash-flow growth of +13.9 % 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 Equnico SE (EQU) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Equnico SE (+13.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Equnico SE (EQU)?
The free-cash-flow yield on the price is 5.19 %: that much free cash flow Equnico SE 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 Equnico SE (EQU)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Equnico SE it is 0.7500 PLN per share (as of Nov 8, 2026), against a price of 1.41 PLN. It is the blended result of 20 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Equnico SE stock overvalued or undervalued in 2026?
As of Nov 8, 2026, EQU trades above its calculated fair value: price 1.41 PLN, fair value 0.7500 PLN, a gap of about −47% (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 EQU?
No. The price is what the market pays today (1.41 PLN); the fair value is what the company's own numbers justify (0.7500 PLN). For Equnico SE the two are 0.6600 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Equnico SE worth?
The market values Equnico SE at about 445M PLN (market capitalisation, as of Nov 8, 2026). Per share that is 1.41 PLN; our models calculate a fair value of 0.7500 PLN per share.
What do the bullish and bearish scenarios say about EQU?
Our models span a range for Equnico SE: cautious scenario 0.6000 PLN, base 0.7500 PLN, optimistic 0.9300 PLN per share (as of Nov 8, 2026, price 1.41 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EQU?
Equnico SE trades at a price-to-earnings ratio of 23.5 (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 0.7500 PLN is built from several models across several years. Other multiples: PEG 1.0, P/B 2.5, P/S 4.4.
What is the PEG ratio of EQU?
The PEG ratio of Equnico SE is 1.04 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Equnico SE (EQU)?
Balance-sheet figures for Equnico SE (as of Nov 8, 2026): return on equity 7.9%, debt of 0.07 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is EQU from its 52-week high?
Equnico SE trades at 1.41 PLN, about 11% below its 52-week high of 1.59 PLN and 64% above the low of 0.8600 PLN (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 0.7500 PLN is for.
Which stocks are comparable to Equnico SE?
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 Equnico SE stock attractive at the current price?
The data as of Nov 8, 2026: price 1.41 PLN, calculated fair value 0.7500 PLN (−47%), Quality Score 63/100, 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 EQU calculated?
We run Equnico SE through 20 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 0.7500 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. Equnico SE 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 Equnico SE (EQU)?
The closing price on Nov 9, 2026 was 1.41 PLN. Our model-based fair value is 0.7500 PLN, about 47% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Equnico SE right now?
The price sits above even our optimistic bull case (0.9300 PLN). The favourable scenario is already priced in. 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 but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Equnico SE
How large is the market capitalisation of Equnico SE (EQU)?
The market capitalisation of Equnico SE is 445M PLN (≈ $114M). 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 Equnico SE (EQU)?
The price-to-sales ratio of Equnico SE is 4.42 (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 Equnico SE (EQU)?
Earnings per share at Equnico SE are 0.0600 PLN (price ÷ EPS = P/E 23.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Equnico SE (EQU)?
The net margin of Equnico SE is 22.2% (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 Equnico SE (EQU)?
The return on equity (ROE) of Equnico SE is 7.9% (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 Equnico SE (EQU)?
On an EBIT basis the return on assets of Equnico SE 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 Equnico SE (EQU)?
The operating margin of Equnico SE is 12.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Equnico SE (EQU)?
Revenue at Equnico SE is growing +10.6% versus a year earlier (3y avg −30.4%). 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 Equnico SE (EQU)?
Earnings per share at Equnico SE are growing −64.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Equnico SE (EQU) hold?
Equnico SE holds more cash than debt, 6.8M PLN net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 8, 2026