Igoria Trade S.A (IGT) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of Igoria Trade S.A stock PLN 0.53, price PLN 0.44, upside +21.0%, quality 76 out of 100. Rating: undervalued. 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 0.1880 PLN – 0.5960 PLN · fair‑value band 0.2100 PLN – 0.7000 PLN · the 0.4380 PLN price screens below the 0.5300 PLN fair value. As of Nov 4, 2026.
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Igoria Trade S.A. provides advisory and payment services to individuals and businesses in Poland.
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The company offers IgoriaCard, a multi-currency payment card that provides online currency exchange; Klasomat, a billing system for the collection, record, and contribution of funds; and Trejdoo, an online currency exchange platform that allows currency exchange and online banking.
It also provides escrow trust accounts, as well as research and development services. The company was founded in 2011 and is headquartered in Warsaw, Poland.
Stock analysis
Igoria Trade S.A (IGT) currently trades at 0.4380 PLN, while our model-based Fair Value estimate is 0.5300 PLN, implying the stock looks roughly 17% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 0.5600 PLN per share, and 5 of the 10 models we run sit above the 0.4380 PLN price.
Bear case: the Multiples group reads lowest at 0.2000 PLN, and 5 of the 10 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.2100 PLN (bear) to 0.7000 PLN (bull), the price of 0.4380 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 76/100 (high quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Igoria Trade S.A reported revenue of 6.9M PLN in FY2025 versus 6.0M PLN in FY2022, a compound +4.8%/yr. Reported net income was 422K PLN in FY2025, compounding −30.2%/yr from FY2022.
Key figures
Market cap 12.3M PLN (≈ $3.1M) Micro · P/E ratio 11.0 · P/S ratio 1.36 · EPS (TTM) 0.0400 PLN · Net margin 12.1% · Return on equity 13.5% · Return on assets (EBIT) 2.1% · Operating margin 6.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 26% below its 52-week high and 133% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −30% fair-value upside, at 21%, IGT screens cheaper than that median.
Fair Value models
Bear0.2100 PLNFair Value 0.5300 PLNBull0.7000 PLN
Price 0.4380 PLN · Upside +21.0%
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 (0.0339 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.78/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+29.0%
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.
+4.8%
’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.
−33.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−33.2%
Dividend (yield on the price)0.0%
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.20% → 5%
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.Financial Data & Stock Exchanges · 49 stocks
Beats the industry median on 7/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score76 · Above median
Fair Value upside+21.0% · Top 25%
Profitability
Return on equity (12 months)13.5% · Bottom 25%
Return on assets1.1% · Bottom 25%
Net margin (12 months)12.1% · Bottom 25%
Operating margin (12 months)6.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)87.8% · Top 25%
Valuation Multiplesvs Financial Data & Stock Exchanges median · lower = cheaper
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Is Igoria Trade S.A (IGT) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 0.5300 PLN versus a price of 0.4380 PLN, about +21% upside (undervalued).
What is the fair value of IGT?
Our model-based fair value for Igoria Trade S.A is 0.5300 PLN (as of Nov 4, 2026), built from audited fundamentals. The current price: 0.4380 PLN.
What is the quality score of IGT?
Igoria Trade S.A has a Quality Score of 76/100. 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 Igoria Trade S.A (IGT)?
Our model-based price target is the fair value of 0.5300 PLN (as of Nov 4, 2026) from 10 valuation models. Cautious scenario 0.2100 PLN, optimistic scenario 0.7000 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Igoria Trade S.A stock forecast for 2026?
Our models put fair value at 0.5300 PLN, about +21% upside versus a price of 0.4380 PLN (undervalued). Cautious scenario 0.2100 PLN, optimistic scenario 0.7000 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Igoria Trade S.A (IGT)?
Igoria Trade S.A reported trailing-twelve-month revenue of about 9.0M PLN (latest available figure, as of Nov 4, 2026).
What is the intrinsic value of Igoria Trade S.A (IGT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Igoria Trade S.A it is 0.5300 PLN per share (as of Nov 4, 2026), against a price of 0.4380 PLN. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Igoria Trade S.A stock overvalued or undervalued in 2026?
As of Nov 4, 2026, IGT trades below its calculated fair value: price 0.4380 PLN, fair value 0.5300 PLN, a gap of about +21% (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 IGT?
No. The price is what the market pays today (0.4380 PLN); the fair value is what the company's own numbers justify (0.5300 PLN). For Igoria Trade S.A the two are 0.0920 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Igoria Trade S.A worth?
The market values Igoria Trade S.A at about 12.3M PLN (market capitalisation, as of Nov 4, 2026). Per share that is 0.4380 PLN; our models calculate a fair value of 0.5300 PLN per share.
What do the bullish and bearish scenarios say about IGT?
Our models span a range for Igoria Trade S.A: cautious scenario 0.2100 PLN, base 0.5300 PLN, optimistic 0.7000 PLN per share (as of Nov 4, 2026, price 0.4380 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IGT?
Igoria Trade S.A trades at a price-to-earnings ratio of 11.0 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.5300 PLN is built from several models across several years. Other multiples: P/B 1.6, P/S 1.4.
How solid is the balance sheet of Igoria Trade S.A (IGT)?
Balance-sheet figures for Igoria Trade S.A (as of Nov 4, 2026): return on equity 13.5%. They feed the Quality Score of 76/100, which measures business quality independently of the share price.
How far is IGT from its 52-week high?
Igoria Trade S.A trades at 0.4380 PLN, about 26% below its 52-week high of 0.5880 PLN and 133% above the low of 0.1880 PLN (as of Nov 4, 2026). Distance from the high says nothing about value: that is what the fair value of 0.5300 PLN is for.
Which stocks are comparable to Igoria Trade S.A?
From the same area (Financial Services) we also value S&P Global Inc, CME Group, Intercontinental Exchange, Inc, Moody's Corporation, 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 Igoria Trade S.A stock attractive at the current price?
The data as of Nov 4, 2026: price 0.4380 PLN, calculated fair value 0.5300 PLN (+21%), Quality Score 76/100, from 10 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 IGT calculated?
We run Igoria Trade S.A through 10 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 0.5300 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. Igoria Trade S.A currently trades 17% 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 Igoria Trade S.A (IGT)?
The closing price on Nov 4, 2026 was 0.4380 PLN. Our model-based fair value is 0.5300 PLN, about +21% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Igoria Trade S.A right now?
The model range is unusually wide (0.2100 PLN to 0.7000 PLN). The outcome hinges heavily on assumptions, so read the point estimate with caution. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Igoria Trade S.A
How large is the market capitalisation of Igoria Trade S.A (IGT)?
The market capitalisation of Igoria Trade S.A is 12.3M PLN (≈ $3.1M). 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 Igoria Trade S.A (IGT)?
The price-to-sales ratio of Igoria Trade S.A is 1.36 (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 Igoria Trade S.A (IGT)?
Earnings per share at Igoria Trade S.A are 0.0400 PLN (price ÷ EPS = P/E 11.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Igoria Trade S.A (IGT)?
The net margin of Igoria Trade S.A is 12.1% (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 Igoria Trade S.A (IGT)?
The return on equity (ROE) of Igoria Trade S.A is 13.5% (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 Igoria Trade S.A (IGT)?
On an EBIT basis the return on assets of Igoria Trade S.A is 2.1% (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 Igoria Trade S.A (IGT)?
The operating margin of Igoria Trade S.A is 6.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Igoria Trade S.A (IGT)?
Revenue at Igoria Trade S.A is growing +87.8% versus a year earlier (3y avg +4.8%). 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 Igoria Trade S.A (IGT)?
Earnings per share at Igoria Trade S.A are growing +19.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Igoria Trade S.A (IGT) generate?
The free cash flow of Igoria Trade S.A is 15.5M PLN (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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