Ovid Works S.A (OVI) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of Ovid Works S.A stock PLN 0.29, price PLN 0.28, upside +1.8%, quality 33 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 0.2300 PLN – 3.05 PLN · fair‑value band 0.1615 PLN – 0.4675 PLN · the 0.2840 PLN price screens below the 0.2890 PLN fair value. As of Nov 4, 2026.
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Ovid Works S.A. operates as an independent video game company in Poland. It is involved in the production of games for PC and consoles, as well as the implementation of commissioned works; and production and sale of computers. The company was founded in 2015 and is headquartered in Warsaw, Poland.
Stock analysis
Ovid Works S.A (OVI) currently trades at 0.2840 PLN, while our model-based Fair Value estimate is 0.2890 PLN, so the stock looks roughly fairly valued today (gap 1.7%).
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Valuation
Bull case: the Growth DCF group reads highest at a median of 0.3400 PLN per share, and 5 of the 7 models we run sit above the 0.2840 PLN price.
Bear case: the Asset-Based group reads lowest at 0.0300 PLN, and 2 of the 7 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.1615 PLN (bear) to 0.4675 PLN (bull), the price of 0.2840 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 33/100 (below-average quality), in the Communication Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Ovid Works S.A reported revenue of 2.6M PLN in FY2025 versus 1.3M PLN in FY2022, a compound +26.7%/yr. Reported net income was −856K PLN in FY2025.
Key figures
Market cap 9.0M PLN (≈ $2.3M) Micro · P/S ratio 2.11 · EPS (TTM) −0.0400 PLN · Net margin −32.4% · Return on equity −57.5% · Return on assets (EBIT) −11.0% · Operating margin −5.2% · Revenue (TTM) 4.3M PLN.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (low confidence).
What moves the price
The share trades about 63% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 48% fair-value upside, at 2%, OVI screens richer than that median.
Fair Value models
Bear0.1615 PLNFair Value 0.2890 PLNBull0.4675 PLN
Price 0.2840 PLN · Upside +1.8%
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.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
FCF DCF0.2300 PLN0.3400 PLN0.6700 PLN71
Growth DCF0.2100 PLN0.3800 PLN0.6400 PLN71
5Y Revenue Exit0.1700 PLN0.3000 PLN0.5500 PLN65
All 7 models by family
DCF Models
FCF DCF0.2300 PLN0.3400 PLN0.6700 PLN71
5Y Revenue Exit0.1700 PLN0.3000 PLN0.5500 PLN65
10Y Revenue Exit0.1900 PLN0.3900 PLN0.5100 PLN62
Multiples
EV/Revenue0.1300 PLN0.1900 PLN0.2500 PLN53
Asset-Based
NCAV (Graham)0.0200 PLN0.0300 PLN0.0400 PLN54
Growth DCF
Growth DCF0.2100 PLN0.3800 PLN0.6400 PLN71
Rev-Margin DCF0.1900 PLN0.3400 PLN0.6500 PLN64
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+46.5%
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.
+26.7%
’22
’23
’24
’25
Profit margin (trend) ⓘ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.
−26.6% (2022) → −26.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes less 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).
+10.6%
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 +7.2% 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.Electronic Gaming & Multimedia · 164 stocks
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). "Ovid Works S.A Fair Value". https://www.fairvalue-calculator.com/stock/OVI
Frequently asked questions
Is Ovid Works S.A (OVI) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 0.2890 PLN versus a price of 0.2840 PLN, about +2% upside (fairly valued).
What is the fair value of OVI?
Our model-based fair value for Ovid Works S.A is 0.2890 PLN (as of Nov 4, 2026), built from audited fundamentals. The current price: 0.2840 PLN.
What is the quality score of OVI?
Ovid Works S.A has a Quality Score of 33/100. 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 Ovid Works S.A (OVI)?
Our model-based price target is the fair value of 0.2890 PLN (as of Nov 4, 2026) from 7 valuation models. Cautious scenario 0.1615 PLN, optimistic scenario 0.4675 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Ovid Works S.A stock forecast for 2026?
Our models put fair value at 0.2890 PLN, about +2% upside versus a price of 0.2840 PLN (fairly valued). Cautious scenario 0.1615 PLN, optimistic scenario 0.4675 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Ovid Works S.A (OVI)?
Ovid Works S.A reported trailing-twelve-month revenue of about 4.3M PLN (latest available figure, as of Nov 4, 2026).
What growth is priced into Ovid Works S.A (OVI)?
For today's price to be fair in a discounted-cash-flow model, Ovid Works S.A would have to grow free cash flow by +10.6 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +26.7 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of OVI use?
Our models discount Ovid Works S.A at 10.6 %: a base by market capitalisation (nano), 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 Ovid Works S.A that is +10.6 % per year a year over ten years, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Ovid Works S.A (OVI) delivered so far?
Over the past 3 years revenue at Ovid Works S.A grew +26.7 % a year. The price currently implies +10.6 % 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 Ovid Works S.A (OVI) growing?
The median revenue growth in the sector is +3.7 % a year. That is the yardstick for the growth priced into Ovid Works S.A (+10.6 % 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 Ovid Works S.A (OVI)?
The free-cash-flow yield on the price is 5.49 %: that much free cash flow Ovid Works S.A produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ovid Works S.A (OVI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ovid Works S.A it is 0.2890 PLN per share (as of Nov 4, 2026), against a price of 0.2840 PLN. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Ovid Works S.A stock overvalued or undervalued in 2026?
As of Nov 4, 2026, OVI trades below its calculated fair value: price 0.2840 PLN, fair value 0.2890 PLN, a gap of about +2% (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 OVI?
No. The price is what the market pays today (0.2840 PLN); the fair value is what the company's own numbers justify (0.2890 PLN). For Ovid Works S.A the two are 0.0050 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Ovid Works S.A worth?
The market values Ovid Works S.A at about 9.0M PLN (market capitalisation, as of Nov 4, 2026). Per share that is 0.2840 PLN; our models calculate a fair value of 0.2890 PLN per share.
What do the bullish and bearish scenarios say about OVI?
Our models span a range for Ovid Works S.A: cautious scenario 0.1615 PLN, base 0.2890 PLN, optimistic 0.4675 PLN per share (as of Nov 4, 2026, price 0.2840 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Ovid Works S.A (OVI)?
Balance-sheet figures for Ovid Works S.A (as of Nov 4, 2026): return on equity −57.5%, debt of 0.21 per unit of equity. They feed the Quality Score of 33/100, which measures business quality independently of the share price.
How far is OVI from its 52-week high?
Ovid Works S.A trades at 0.2840 PLN, about 63% below its 52-week high of 0.7760 PLN and 1% above the low of 0.2800 PLN (as of Nov 4, 2026). Distance from the high says nothing about value: that is what the fair value of 0.2890 PLN is for.
Which stocks are comparable to Ovid Works S.A?
From the same area (Communication Services) we also value NetEase, Inc, Take-Two Interactive Software, Inc, Roblox Corporation, Zhejiang Century Huatong Group, 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 Ovid Works S.A stock attractive at the current price?
The data as of Nov 4, 2026: price 0.2840 PLN, calculated fair value 0.2890 PLN (+2%), Quality Score 33/100, from 7 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 OVI calculated?
We run Ovid Works S.A through 7 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 0.2890 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. Ovid Works S.A currently trades 2% 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 Ovid Works S.A (OVI)?
The closing price on Nov 4, 2026 was 0.2840 PLN. Our model-based fair value is 0.2890 PLN, about +2% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ovid Works S.A right now?
The model range is unusually wide (0.1615 PLN to 0.4675 PLN). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Ovid Works S.A
How large is the market capitalisation of Ovid Works S.A (OVI)?
The market capitalisation of Ovid Works S.A is 9.0M PLN (≈ $2.3M). 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 Ovid Works S.A (OVI)?
The price-to-sales ratio of Ovid Works S.A is 2.11 (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 Ovid Works S.A (OVI)?
Earnings per share at Ovid Works S.A are −0.0400 PLN. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Ovid Works S.A (OVI)?
The net margin of Ovid Works S.A is −32.4% (fiscal year 2025). 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 Ovid Works S.A (OVI)?
The return on equity (ROE) of Ovid Works S.A is −57.5% (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 Ovid Works S.A (OVI)?
On an EBIT basis the return on assets of Ovid Works S.A is −11.0% (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 Ovid Works S.A (OVI)?
The operating margin of Ovid Works S.A is −5.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ovid Works S.A (OVI)?
Revenue at Ovid Works S.A is growing +252% versus a year earlier (3y avg +26.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Ovid Works S.A (OVI) carry?
The net debt of Ovid Works S.A is 304K PLN (fiscal year 2025, ≈ 0.6 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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