MFO SA (MFO) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of MFO SA stock PLN 39.52, price PLN 24.90, upside +58.7%, quality 48 out of 100. Rating: strongly 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 7, 2026.
How to read this chart
60‑month range 24.00 PLN – 54.88 PLN · fair‑value band 32.38 PLN – 47.34 PLN · the 24.90 PLN price screens below the 39.52 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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MFO S.A. manufactures and sells steel profiles in Poland.
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The company offers CD profiles, UD and UA profiles, CW and UW standard profiles, and CW and UW eco profiles for drywall framing applications; mounting rails for ventilation and air conditioning, and electrical installation applications; and steel sections for technical flooring systems applications.
It also provides steel profiles for furniture industry, rack system, and semi-trailer and truck body applications; and steel posts for applications in fencing systems and gates. The company was incorporated in 2011 and is based in Sochaczew, Poland.
Stock analysis
MFO SA (MFO) currently trades at 24.90 PLN, while our model-based Fair Value estimate is 39.52 PLN, implying the stock looks roughly 37% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 38.26 PLN per share, and 11 of the 14 models we run sit above the 24.90 PLN price.
Bear case: the Earnings-Based group reads lowest at 22.66 PLN, and 3 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 32.38 PLN (bear) to 47.34 PLN (bull), the price of 24.90 PLN sits below 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 48/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
MFO SA reported revenue of 685M PLN in FY2025 versus 990M PLN in FY2021, a compound −8.8%/yr. Reported net income was 10.1M PLN in FY2025, compounding −47.5%/yr from FY2021.
Key figures
Market cap 160M PLN (≈ $40.7M) Micro · P/E ratio 14.8 · P/S ratio 0.22 · EPS (TTM) 1.68 PLN · Net margin 1.5% · Return on equity 3.4% · Return on assets (EBIT) 8.5% (5-year average) · Operating margin 4.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 29 out of 100 (low confidence).
What moves the price
The share trades about 40% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −38% fair-value upside, at 59%, MFO screens cheaper than that median.
Fair Value models
Bear32.38 PLNFair Value 39.52 PLNBull47.34 PLN
Price 24.90 PLN · Upside +58.7%
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 (1.44 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.
Best data coverage
EPV25.37 PLN29.32 PLN32.75 PLN74
ROIC Compounder25.37 PLN29.32 PLN32.75 PLN70
Residual Income34.57 PLN34.06 PLN35.16 PLN68
All 14 models by family
Earnings-Based
Graham-Dodd10.37 PLN43.95 PLN60.00 PLN62
Lynch FV11.20 PLN15.99 PLN20.79 PLN59
PEG = 1.011.20 PLN15.99 PLN20.79 PLN55
EPV25.37 PLN29.32 PLN32.75 PLN74
Multiples
P/E Multiple24.02 PLN32.02 PLN40.03 PLN63
P/S Multiple19.44 PLN25.92 PLN32.40 PLN58
P/B Multiple36.57 PLN48.76 PLN60.95 PLN55
EV/EBIT31.68 PLN44.10 PLN56.52 PLN66
EV/EBITDA38.18 PLN52.76 PLN67.34 PLN67
EV/Revenue21.02 PLN32.41 PLN43.81 PLN53
Asset-Based
NCAV (Graham)0.0200 PLN0.0400 PLN0.0500 PLN54
Economic Profit
Residual Income34.57 PLN34.06 PLN35.16 PLN68
ROIC Compounder25.37 PLN29.32 PLN32.75 PLN70
Growth Earnings
Growth-Adj P/E18.91 PLN27.01 PLN35.12 PLN65
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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 growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+11.1%
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.
−9.4%
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.
+10.2%
Start year 2020 (pandemic). Over 10 years: +12.2% a year
Revenue growth 13 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.
+11.7%
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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. Basis: EBIT basis.
−10.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−10.7%
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.−17.9% vs −0.9%, slowing
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.7% → 3%
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.Metal Fabrication · 260 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside+60.0% · Top 25%
Profitability
Return on equity (12 months)3.4% · Below median
Return on assets1.7% · Below median
Net margin (12 months)1.5% · Below median
Operating margin (12 months)4.2% · Below median
Growth and dividend
Revenue growth (quarter YoY)27.3% · Above median
Balance sheet
Debt / equity0.13× · Above median
Valuation Multiplesvs Metal Fabrication 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). "MFO SA Fair Value". https://www.fairvalue-calculator.com/stock/MFO
Frequently asked questions
Is MFO SA (MFO) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 39.52 PLN versus a price of 24.90 PLN, about +59% upside (undervalued).
What is the fair value of MFO?
Our model-based fair value for MFO SA is 39.52 PLN (as of Nov 7, 2026), built from audited fundamentals. The current price: 24.90 PLN.
What is the quality score of MFO?
MFO SA has a Quality Score of 48/100. 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 MFO SA (MFO)?
Our model-based price target is the fair value of 39.52 PLN (as of Nov 7, 2026) from 14 valuation models. Cautious scenario 32.38 PLN, optimistic scenario 47.34 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the MFO SA stock forecast for 2026?
Our models put fair value at 39.52 PLN, about +59% upside versus a price of 24.90 PLN (undervalued). Cautious scenario 32.38 PLN, optimistic scenario 47.34 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of MFO SA (MFO)?
MFO SA reported trailing-twelve-month revenue of about 736M PLN (latest available figure, as of Nov 7, 2026).
What is the intrinsic value of MFO SA (MFO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For MFO SA it is 39.52 PLN per share (as of Nov 7, 2026), against a price of 24.90 PLN. It is the blended result of 14 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is MFO SA stock overvalued or undervalued in 2026?
As of Nov 7, 2026, MFO trades below its calculated fair value: price 24.90 PLN, fair value 39.52 PLN, a gap of about +59% (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 MFO?
No. The price is what the market pays today (24.90 PLN); the fair value is what the company's own numbers justify (39.52 PLN). For MFO SA the two are 14.62 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is MFO SA worth?
The market values MFO SA at about 160M PLN (market capitalisation, as of Nov 7, 2026). Per share that is 24.90 PLN; our models calculate a fair value of 39.52 PLN per share.
What do the bullish and bearish scenarios say about MFO?
Our models span a range for MFO SA: cautious scenario 32.38 PLN, base 39.52 PLN, optimistic 47.34 PLN per share (as of Nov 7, 2026, price 24.90 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MFO?
MFO SA trades at a price-to-earnings ratio of 14.8 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 39.52 PLN is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 8.3. Other multiples: P/B 0.5, P/S 0.2, EV/EBITDA 5.3.
How solid is the balance sheet of MFO SA (MFO)?
Balance-sheet figures for MFO SA (as of Nov 7, 2026): return on equity 3.4%, debt of 0.13 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is MFO from its 52-week high?
MFO SA trades at 24.90 PLN, about 40% below its 52-week high of 41.30 PLN and 3% above the low of 24.20 PLN (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 39.52 PLN is for.
Which stocks are comparable to MFO SA?
From the same area (Industrials) we also value ATI Inc, Carpenter Technology Corporation, Mueller Industries, Inc, Bharat Forge Limited, 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 MFO SA stock attractive at the current price?
The data as of Nov 7, 2026: price 24.90 PLN, calculated fair value 39.52 PLN (+59%), Quality Score 48/100, 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 MFO calculated?
We run MFO 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 39.52 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. MFO SA currently trades 37% 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 MFO SA (MFO)?
The closing price on Nov 9, 2026 was 24.90 PLN. Our model-based fair value is 39.52 PLN, about +59% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with MFO SA right now?
The large discount to fair value meets weak quality (48/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (32.38 PLN). The market is more pessimistic than our downside scenario.
Where does the earnings growth of MFO SA (MFO) come from?
Earnings per share at MFO SA grew −4.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +11.0 %, EBIT margin −10.2 %, tax rate +0.8 %, residual (interest, one-offs) −4.8 %. 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 MFO SA
How large is the market capitalisation of MFO SA (MFO)?
The market capitalisation of MFO SA is 160M PLN (≈ $40.7M). 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 MFO SA (MFO)?
The price-to-sales ratio of MFO SA is 0.22 (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 MFO SA (MFO)?
Earnings per share at MFO SA are 1.68 PLN (price ÷ EPS = P/E 14.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of MFO SA (MFO)?
The net margin of MFO SA is 1.5% (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 MFO SA (MFO)?
The return on equity (ROE) of MFO SA is 3.4% (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 MFO SA (MFO)?
On an EBIT basis the return on assets of MFO SA is 8.5% (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 MFO SA (MFO)?
The operating margin of MFO SA is 4.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at MFO SA (MFO)?
Revenue at MFO SA is growing +27.3% versus a year earlier (3y avg −9.4%). 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 MFO SA (MFO)?
Earnings per share at MFO SA are growing +49.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does MFO SA (MFO) generate?
The free cash flow of MFO SA is −58.7M 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 MFO SA (MFO) carry?
The net debt of MFO SA is 36.8M 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 7, 2026