Zakłady Lentex SA (LTX) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Zakłady Lentex SA stock PLN 6.29, price PLN 7.28, that is 13.6% below the price, quality 65 out of 100. Rating: overvalued. Calculated from audited financials with 22 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 6.10 PLN – 10.85 PLN · fair‑value band 4.66 PLN – 8.00 PLN · the 7.28 PLN price screens above the 6.29 PLN fair value. As of Nov 8, 2026.
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Lentex S.A. manufactures and sells flexible PVC floor coverings for residential and commercial areas, and sports facilities in Poland and internationally. The company offers nonwovens fabrics, including nonwoven interlinings, waddings, and spunlace fabrics.
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Its products are used for automotive, sanitary, furniture, clothing, needle-punched nonwovens and bentonite mats, filtration, silicone down, and protective mats. The company was founded in 1911 and is headquartered in Lubliniec, Poland.
Stock analysis
Zakłady Lentex SA (LTX) currently trades at 7.28 PLN, while our model-based Fair Value estimate is 6.29 PLN, 14% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 8.81 PLN per share, and 6 of the 22 models we run sit above the 7.28 PLN price.
Bear case: the Asset-Based group reads lowest at 1.49 PLN, and 16 of the 22 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 4.66 PLN (bear) to 8.00 PLN (bull), the price of 7.28 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 65/100 (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.
Zakłady Lentex SA reported revenue of 308M PLN in FY2025 versus 412M PLN in FY2021, a compound −7.0%/yr. Reported net income was 14.2M PLN in FY2025, compounding −19.8%/yr from FY2021.
Key figures
Market cap 247M PLN (≈ $63.2M) Micro · P/E ratio 15.5 · P/S ratio 1.16 · EPS (TTM) 0.4700 PLN · Net margin 5.3% · Return on equity 5.5% · Return on assets (EBIT) 6.5% (5-year average) · Operating margin 12.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 18% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at −14%, LTX screens cheaper than that median.
Fair Value models
Bear4.66 PLNFair Value 6.29 PLNBull8.00 PLN
Price 7.28 PLN · Downside -13.6%
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 (0.4030 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
−1.6%
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.
−8.8%
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.
−3.7%
Start year 2020 (pandemic). Over 10 years: −2.8% a year
Revenue growth 23 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.
+2.5%
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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.
−11.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−11.9%
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.−11.9% vs −10.7%, steady
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.14% → 8%
Pace: the 5-year rate starts in 2020 (pandemic)
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).
+3.6%
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 +0.4% 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.Building Products & Equipment · 255 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside−15.7% · Below median
Profitability
Return on equity (12 months)5.5% · Below median
Return on assets4.2% · Above median
Net margin (12 months)7.3% · Above median
Operating margin (12 months)12.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)0.2% · Below median
Dividend yield (12 months)0.0% · Bottom 25%
Valuation Multiplesvs Building Products & Equipment median · lower = cheaper
P/E (12 months)15.5× · Cheaper than median
P/B1.00× · Cheaper than median
P/S (12 months)1.16× · Pricier than median
Price / free cash flow (fiscal year)17.0× · Pricier 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). "Zakłady Lentex SA Fair Value". https://www.fairvalue-calculator.com/stock/LTX
Frequently asked questions
Is Zakłady Lentex SA (LTX) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 6.29 PLN versus a price of 7.28 PLN, about 14% lower (overvalued).
What is the fair value of LTX?
Our model-based fair value for Zakłady Lentex SA is 6.29 PLN (as of Nov 8, 2026), built from audited fundamentals. The current price: 7.28 PLN.
What is the quality score of LTX?
Zakłady Lentex SA 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 Zakłady Lentex SA (LTX)?
Our model-based price target is the fair value of 6.29 PLN (as of Nov 8, 2026) from 22 valuation models. Cautious scenario 4.66 PLN, optimistic scenario 8.00 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Zakłady Lentex SA stock forecast for 2026?
Our models put fair value at 6.29 PLN, about 14% lower versus a price of 7.28 PLN (overvalued). Cautious scenario 4.66 PLN, optimistic scenario 8.00 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Zakłady Lentex SA (LTX)?
Zakłady Lentex SA reported trailing-twelve-month revenue of about 303M PLN (latest available figure, as of Nov 8, 2026).
What growth is priced into Zakłady Lentex SA (LTX)?
For today's price to be fair in a discounted-cash-flow model, Zakłady Lentex SA would have to grow free cash flow by +3.6 % per year for five years (discount rate 13.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -3.7 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of LTX use?
Our models discount Zakłady Lentex SA at 13.6 %: a base by market capitalisation (micro), 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 Zakłady Lentex SA that is +3.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.6 %) and the same formula as our fair value.
How much growth has Zakłady Lentex SA (LTX) delivered so far?
Over the past 5 years revenue at Zakłady Lentex SA grew -3.7 % a year. The price currently implies free-cash-flow growth of +3.6 % 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 Zakłady Lentex SA (LTX) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Zakłady Lentex SA (+3.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Zakłady Lentex SA (LTX)?
The free-cash-flow yield on the price is 8.32 %: that much free cash flow Zakłady Lentex SA produces per unit of market value. When it exceeds the discount rate of our models (13.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Zakłady Lentex SA (LTX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zakłady Lentex SA it is 6.29 PLN per share (as of Nov 8, 2026), against a price of 7.28 PLN. It is the blended result of 22 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Zakłady Lentex SA stock overvalued or undervalued in 2026?
As of Nov 8, 2026, LTX trades above its calculated fair value: price 7.28 PLN, fair value 6.29 PLN, a gap of about −14% (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 LTX?
No. The price is what the market pays today (7.28 PLN); the fair value is what the company's own numbers justify (6.29 PLN). For Zakłady Lentex SA the two are 0.9900 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Zakłady Lentex SA worth?
The market values Zakłady Lentex SA at about 247M PLN (market capitalisation, as of Nov 8, 2026). Per share that is 7.28 PLN; our models calculate a fair value of 6.29 PLN per share.
What do the bullish and bearish scenarios say about LTX?
Our models span a range for Zakłady Lentex SA: cautious scenario 4.66 PLN, base 6.29 PLN, optimistic 8.00 PLN per share (as of Nov 8, 2026, price 7.28 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of LTX?
Zakłady Lentex SA trades at a price-to-earnings ratio of 15.5 (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 6.29 PLN is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 12.7. Other multiples: P/B 1.0, P/S 1.2, EV/EBITDA 7.0.
How solid is the balance sheet of Zakłady Lentex SA (LTX)?
Balance-sheet figures for Zakłady Lentex SA (as of Nov 8, 2026): return on equity 5.5%. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is LTX from its 52-week high?
Zakłady Lentex SA trades at 7.28 PLN, about 9% below its 52-week high of 8.04 PLN and 18% above the low of 6.18 PLN (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 6.29 PLN is for.
Which stocks are comparable to Zakłady Lentex SA?
From the same area (Industrials) we also value Johnson Controls International plc, Trane Technologies plc, Carrier Global Corporation, Compagnie de Saint-Gobain S.A, 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 Zakłady Lentex SA stock attractive at the current price?
The data as of Nov 8, 2026: price 7.28 PLN, calculated fair value 6.29 PLN (−14%), Quality Score 65/100, from 22 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 LTX calculated?
We run Zakłady Lentex SA through 22 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 6.29 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. Zakłady Lentex SA 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 Zakłady Lentex SA (LTX)?
The closing price on Nov 9, 2026 was 7.28 PLN. Our model-based fair value is 6.29 PLN, about 14% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zakłady Lentex SA right now?
Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Where does the earnings growth of Zakłady Lentex SA (LTX) come from?
Earnings per share at Zakłady Lentex SA grew −9.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +2.0 %, EBIT margin −2.0 %, tax rate −1.0 %, residual (interest, one-offs) −8.5 %. 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 Zakłady Lentex SA
How large is the market capitalisation of Zakłady Lentex SA (LTX)?
The market capitalisation of Zakłady Lentex SA is 247M PLN (≈ $63.2M). 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 Zakłady Lentex SA (LTX)?
The price-to-sales ratio of Zakłady Lentex SA is 1.16 (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 Zakłady Lentex SA (LTX)?
Earnings per share at Zakłady Lentex SA are 0.4700 PLN (price ÷ EPS = P/E 15.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Zakłady Lentex SA (LTX)?
The net margin of Zakłady Lentex SA is 5.3% (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 Zakłady Lentex SA (LTX)?
The return on equity (ROE) of Zakłady Lentex SA is 5.5% (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 Zakłady Lentex SA (LTX)?
On an EBIT basis the return on assets of Zakłady Lentex SA is 6.5% (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 Zakłady Lentex SA (LTX)?
The operating margin of Zakłady Lentex SA is 12.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zakłady Lentex SA (LTX)?
Revenue at Zakłady Lentex SA is growing +0.2% versus a year earlier (3y avg −8.8%). 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 Zakłady Lentex SA (LTX)?
Earnings per share at Zakłady Lentex SA are growing +53.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Zakłady Lentex SA (LTX) hold?
Zakłady Lentex SA holds more cash than debt, 27.7M PLN net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Some data
Nov 8, 2026