Korbank S.A (KOR) fair value: what the stock is really worth
As of Nov 3, 2026: fair value (intrinsic value) of Korbank S.A stock PLN 10.57, price PLN 11.60, that is 8.9% below the price, quality 56 out of 100. Rating: fairly valued. 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 3.18 PLN – 14.40 PLN · fair‑value band 7.56 PLN – 17.75 PLN · the 11.60 PLN price screens above the 10.57 PLN fair value. As of Nov 4, 2026.
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Korbank S.A., a telecommunications operator, provides various services in Poland and internationally. It provides telecommunications services, data center services, operator services, and digital television.
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The company also involved in leasing networks; provides advanced services, such as data transmission, and private VPN networks; and IPTV technological solutions, as well as operates research and development center. The company was founded in 1992 and is headquartered in Wroclaw, Poland.
Stock analysis
Korbank S.A (KOR) currently trades at 11.60 PLN, while our model-based Fair Value estimate is 10.57 PLN, so the stock looks roughly fairly valued today (gap 9.7%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 20.60 PLN per share, and 11 of the 24 models we run sit above the 11.60 PLN price.
Bear case: the Growth DCF group reads lowest at 4.14 PLN, and 13 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 7.56 PLN (bear) to 17.75 PLN (bull), the price of 11.60 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 56/100 (solid quality), in the Communication Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Korbank S.A reported revenue of 43.2M PLN in FY2025 versus 37.0M PLN in FY2022, a compound +5.3%/yr. Reported net income was 5.5M PLN in FY2025, compounding +7.9%/yr from FY2022.
Key figures
Market cap 57.3M PLN (≈ $14.7M) Micro · P/E ratio 8.7 · P/S ratio 1.27 · EPS (TTM) 1.33 PLN · Net margin 15.6% · Return on equity 15.7% · Return on assets (EBIT) 9.5% · Operating margin 16.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 60 out of 100 (low confidence).
What moves the price
The share trades about 11% below its 52-week high and 43% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 50% fair-value upside, at −9%, KOR screens richer than that median.
Fair Value models
Bear7.56 PLNFair Value 10.57 PLNBull17.75 PLN
Price 11.60 PLN · Downside -8.9%
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 (1.13 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.60/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+4.1%
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.
+5.3%
’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.
+7.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.0%
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.15% → 16%
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).
+33.0%
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 +28.9% 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.Telecom Services · 235 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−8.9% · Below median
Profitability
Return on equity (12 months)15.7% · Above median
Return on assets7.6% · Top 25%
Net margin (12 months)15.6% · Top 25%
Operating margin (12 months)16.2% · Above median
Growth and dividend
Revenue growth (quarter YoY)9.1% · Above median
Balance sheet
Debt / equity0.34× · Above median
Valuation Multiplesvs Telecom Services 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). "Korbank S.A Fair Value". https://www.fairvalue-calculator.com/stock/KOR
Frequently asked questions
Is Korbank S.A (KOR) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 10.57 PLN versus a price of 11.60 PLN, about 9% lower (fairly valued).
What is the fair value of KOR?
Our model-based fair value for Korbank S.A is 10.57 PLN (as of Nov 4, 2026), built from audited fundamentals. The current price: 11.60 PLN.
What is the quality score of KOR?
Korbank S.A has a Quality Score of 56/100. 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 Korbank S.A (KOR)?
Our model-based price target is the fair value of 10.57 PLN (as of Nov 4, 2026) from 24 valuation models. Cautious scenario 7.56 PLN, optimistic scenario 17.75 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Korbank S.A stock forecast for 2026?
Our models put fair value at 10.57 PLN, about 9% lower versus a price of 11.60 PLN (fairly valued). Cautious scenario 7.56 PLN, optimistic scenario 17.75 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Korbank S.A (KOR)?
Korbank S.A reported trailing-twelve-month revenue of about 45.0M PLN (latest available figure, as of Nov 4, 2026).
What growth is priced into Korbank S.A (KOR)?
For today's price to be fair in a discounted-cash-flow model, Korbank S.A would have to grow free cash flow by +33.0 % 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 +5.3 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of KOR use?
Our models discount Korbank S.A at 9.3 %: a base by market capitalisation (nano), damped by beta 0.51, 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 Korbank S.A that is +33.0 % 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 Korbank S.A (KOR) delivered so far?
Over the past 3 years revenue at Korbank S.A grew +5.3 % a year. The price currently implies +33.0 % 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 Korbank S.A (KOR) growing?
The median revenue growth in the sector is +3.7 % a year. That is the yardstick for the growth priced into Korbank S.A (+33.0 % 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 Korbank S.A (KOR)?
The free-cash-flow yield on the price is 1.66 %: that much free cash flow Korbank 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 Korbank S.A (KOR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Korbank S.A it is 10.57 PLN per share (as of Nov 4, 2026), against a price of 11.60 PLN. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Korbank S.A stock overvalued or undervalued in 2026?
As of Nov 4, 2026, KOR trades above its calculated fair value: price 11.60 PLN, fair value 10.57 PLN, a gap of about −9% (fairly valued). 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 KOR?
No. The price is what the market pays today (11.60 PLN); the fair value is what the company's own numbers justify (10.57 PLN). For Korbank S.A the two are 1.03 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Korbank S.A worth?
The market values Korbank S.A at about 57.3M PLN (market capitalisation, as of Nov 4, 2026). Per share that is 11.60 PLN; our models calculate a fair value of 10.57 PLN per share.
What do the bullish and bearish scenarios say about KOR?
Our models span a range for Korbank S.A: cautious scenario 7.56 PLN, base 10.57 PLN, optimistic 17.75 PLN per share (as of Nov 4, 2026, price 11.60 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KOR?
Korbank S.A trades at a price-to-earnings ratio of 8.7 (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 10.57 PLN is built from several models across several years. Other multiples: P/B 1.3, P/S 1.3, EV/EBITDA 5.9.
How solid is the balance sheet of Korbank S.A (KOR)?
Balance-sheet figures for Korbank S.A (as of Nov 4, 2026): return on equity 15.7%, debt of 0.34 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is KOR from its 52-week high?
Korbank S.A trades at 11.60 PLN, about 11% below its 52-week high of 13.00 PLN and 43% above the low of 8.10 PLN (as of Nov 3, 2026). Distance from the high says nothing about value: that is what the fair value of 10.57 PLN is for.
Which stocks are comparable to Korbank S.A?
From the same area (Communication Services) we also value China Mobile Limited, Verizon Communications Inc, T-Mobile US, Inc, AT&T 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 Korbank S.A stock attractive at the current price?
The data as of Nov 4, 2026: price 11.60 PLN, calculated fair value 10.57 PLN (−9%), Quality Score 56/100, from 24 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 KOR calculated?
We run Korbank S.A through 24 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 10.57 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. Korbank S.A 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 Korbank S.A (KOR)?
The closing price on Nov 3, 2026 was 11.60 PLN. Our model-based fair value is 10.57 PLN, about 9% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Korbank S.A right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (7.56 PLN to 17.75 PLN) leaves room in how you read the outcome.
Key figures of Korbank S.A
How large is the market capitalisation of Korbank S.A (KOR)?
The market capitalisation of Korbank S.A is 57.3M PLN (≈ $14.7M). 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 Korbank S.A (KOR)?
The price-to-sales ratio of Korbank S.A is 1.27 (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 Korbank S.A (KOR)?
Earnings per share at Korbank S.A are 1.33 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 Korbank S.A (KOR)?
The net margin of Korbank S.A is 15.6% (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 Korbank S.A (KOR)?
The return on equity (ROE) of Korbank S.A is 15.7% (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 Korbank S.A (KOR)?
On an EBIT basis the return on assets of Korbank S.A is 9.5% (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 Korbank S.A (KOR)?
The operating margin of Korbank S.A is 16.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Korbank S.A (KOR)?
Revenue at Korbank S.A is growing +9.1% versus a year earlier (3y avg +5.3%). 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 Korbank S.A (KOR)?
Earnings per share at Korbank S.A are growing +102% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Korbank S.A (KOR) carry?
The net debt of Korbank S.A is 11.7M PLN (fiscal year 2025, ≈ 12.3 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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