Helio SA (HEL) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Helio SA stock PLN 61.12, price PLN 44.30, upside +38.0%, quality 47 out of 100. Rating: undervalued. Calculated from audited financials with 14 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 9, 2026.
How to read this chart
60‑month range 9.89 PLN – 59.80 PLN · fair‑value band 42.79 PLN – 79.29 PLN · the 44.30 PLN price screens below the 61.12 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Helio S.A. produces and markets dried fruits and nuts in Poland. The company offers nuts, dried and candied fruits, pits and grains, peanuts, masses and icings for cakes, and microwave popcorn. The company sells its products to retail chains, wholesalers, and grocery stores under the HELIO brand.
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The company was founded in 1992 and is based in Zaborów, Poland. Helio S.A. operates as a subsidiary of Agora S.A.
Stock analysis
Helio SA (HEL) currently trades at 44.30 PLN, while our model-based Fair Value estimate is 61.12 PLN, implying the stock looks roughly 28% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 63.94 PLN per share, and 7 of the 14 models we run sit above the 44.30 PLN price.
Bear case: the Asset-Based group reads lowest at 18.64 PLN, and 7 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 42.79 PLN (bear) to 79.29 PLN (bull), the price of 44.30 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 47/100 (below-average quality), in the Consumer Defensive sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Helio SA reported revenue of 445M PLN in FY2025 versus 273M PLN in FY2021, a compound +13.0%/yr. Reported net income was 13.5M PLN in FY2025, compounding +1.1%/yr from FY2021.
Key figures
Market cap 199M PLN (≈ $50.7M) Micro · P/E ratio 8.7 · P/S ratio 0.34 · EPS (TTM) 5.07 PLN · Net margin 4.3% · Return on equity 14.1% · Return on assets (EBIT) 12.2% (5-year average) · Operating margin 6.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 26% below its 52-week high and 70% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −1% fair-value upside, at 38%, HEL screens cheaper than that median.
Fair Value models
Bear42.79 PLNFair Value 61.12 PLNBull79.29 PLN
Price 44.30 PLN · Upside +38.0%
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 12 months old). Earnings retained since then (5.07 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+6.7%
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.
+12.6%
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.
+13.7%
Start year 2020 (pandemic). Over 10 years: +16.2% 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.
+12.2%
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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.
+25.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+25.0%
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.25.0% vs 14.1%, 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.3% → 6%
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.Packaged Foods · 625 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside+38.0% · Above median
Profitability
Return on equity (12 months)14.1% · Above median
Return on assets4.9% · Above median
Net margin (12 months)4.3% · Above median
Operating margin (12 months)6.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)51.3% · Top 25%
Dividend yield (12 months)0.0% · Bottom 25%
Balance sheet
Debt / equity0.12× · Above median
Valuation Multiplesvs Packaged Foods median · lower = cheaper
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). "Helio SA Fair Value". https://www.fairvalue-calculator.com/stock/HEL
Frequently asked questions
Is Helio SA (HEL) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 61.12 PLN versus a price of 44.30 PLN, about +38% upside (undervalued).
What is the fair value of HEL?
Our model-based fair value for Helio SA is 61.12 PLN (as of Nov 9, 2026), built from audited fundamentals. The current price: 44.30 PLN.
What is the quality score of HEL?
Helio SA has a Quality Score of 47/100. 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 Helio SA (HEL)?
Our model-based price target is the fair value of 61.12 PLN (as of Nov 9, 2026) from 14 valuation models. Cautious scenario 42.79 PLN, optimistic scenario 79.29 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Helio SA stock forecast for 2026?
Our models put fair value at 61.12 PLN, about +38% upside versus a price of 44.30 PLN (undervalued). Cautious scenario 42.79 PLN, optimistic scenario 79.29 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Helio SA (HEL)?
Helio SA reported trailing-twelve-month revenue of about 583M PLN (latest available figure, as of Nov 9, 2026).
What is the intrinsic value of Helio SA (HEL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Helio SA it is 61.12 PLN per share (as of Nov 9, 2026), against a price of 44.30 PLN. It is the blended result of 14 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Helio SA stock overvalued or undervalued in 2026?
As of Nov 9, 2026, HEL trades below its calculated fair value: price 44.30 PLN, fair value 61.12 PLN, a gap of about +38% (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 HEL?
No. The price is what the market pays today (44.30 PLN); the fair value is what the company's own numbers justify (61.12 PLN). For Helio SA the two are 16.82 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Helio SA worth?
The market values Helio SA at about 199M PLN (market capitalisation, as of Nov 9, 2026). Per share that is 44.30 PLN; our models calculate a fair value of 61.12 PLN per share.
What do the bullish and bearish scenarios say about HEL?
Our models span a range for Helio SA: cautious scenario 42.79 PLN, base 61.12 PLN, optimistic 79.29 PLN per share (as of Nov 9, 2026, price 44.30 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HEL?
Helio SA trades at a price-to-earnings ratio of 8.7 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 61.12 PLN is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 6.4. Other multiples: P/B 1.2, P/S 0.3, EV/EBITDA 4.5.
How solid is the balance sheet of Helio SA (HEL)?
Balance-sheet figures for Helio SA (as of Nov 9, 2026): return on equity 14.1%, debt of 0.12 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is HEL from its 52-week high?
Helio SA trades at 44.30 PLN, about 26% below its 52-week high of 59.80 PLN and 70% above the low of 26.02 PLN (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 61.12 PLN is for.
Which stocks are comparable to Helio SA?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, Foshan Haitian Flavouring and Food Company, The Kraft Heinz Company, 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 Helio SA stock attractive at the current price?
The data as of Nov 9, 2026: price 44.30 PLN, calculated fair value 61.12 PLN (+38%), Quality Score 47/100, from 14 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 HEL calculated?
We run Helio SA through 14 models from 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 61.12 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. Helio SA currently trades 28% 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 Helio SA (HEL)?
The closing price on Nov 6, 2026 was 44.30 PLN. Our model-based fair value is 61.12 PLN, about +38% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Helio SA right now?
The large discount to fair value meets weak quality (47/100). That raises the risk this is a value trap rather than a bargain. A fairly wide model range (42.79 PLN to 79.29 PLN) leaves room in how you read the outcome.
Where does the earnings growth of Helio SA (HEL) come from?
Earnings per share at Helio SA grew +21.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +15.7 %, EBIT margin +6.7 %, tax rate +0.0 %, residual (interest, one-offs) −1.6 %. 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 Helio SA
How large is the market capitalisation of Helio SA (HEL)?
The market capitalisation of Helio SA is 199M PLN (≈ $50.7M). 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 Helio SA (HEL)?
The price-to-sales ratio of Helio SA is 0.34 (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 Helio SA (HEL)?
Earnings per share at Helio SA are 5.07 PLN (price ÷ EPS = P/E 8.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Helio SA (HEL)?
The net margin of Helio SA is 4.3% (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 Helio SA (HEL)?
The return on equity (ROE) of Helio SA is 14.1% (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 Helio SA (HEL)?
On an EBIT basis the return on assets of Helio SA is 12.2% (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 Helio SA (HEL)?
The operating margin of Helio SA is 6.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Helio SA (HEL)?
Revenue at Helio SA is growing +51.3% versus a year earlier (3y avg +12.6%). 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 Helio SA (HEL)?
Earnings per share at Helio SA are growing +20.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Helio SA (HEL) generate?
The free cash flow of Helio SA is −37.8M PLN (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Helio SA (HEL) carry?
The net debt of Helio SA is 56.1M PLN (fiscal year 2025). 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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Some data
Nov 9, 2026