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Data-driven stock valuation

Polman S.A (PLM) fair value: what the stock is really worth

As of Nov 4, 2026: fair value (intrinsic value) of Polman S.A stock PLN 0.26, price PLN 0.38, that is 31.6% below the price, quality 62 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

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Industrials PL · ISIN PLPOLMN00010

PS Thin data Nov 4, 2026

Polman S.A

PLM · WAR
Expensive, in a downtrend

Our calculation puts a fair price 32% below what the stock costs today.

Quality 62/100
Generates free cash flow
Ranks above peers (10/12)
Revenue last quarter +88% vs. a year ago.
Mixed Growth (revenue 3y +9.1 %/yr in PLN)
Thin margins · 9.4% net margin (TTM)
Moderate moat 53/100 · thin data
Fair value 0.2600 PLN · Overvalued (−31.6%)
Thin data
⚠ Thinly traded

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

1.76 PLN 0.2920 PLN Fair Value 0.2600 PLN Jul 2020 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.

How to read this chart

60‑month range 0.2920 PLN – 1.76 PLN · fair‑value band 0.2000 PLN – 0.3200 PLN · the 0.3800 PLN price screens above the 0.2600 PLN fair value. As of Nov 4, 2026.

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Company profile

Polman S.A. provides various industrial cleaning services for the petrochemical, chemical, power, food, and paper industries in Poland.

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The company offers high-pressure hydrodynamic services, low-pressure hydrodynamic services, rotary heater cleaning, chemical cleaning, anti-corrosion services, vacuum collection and transport of solid and liquid substances, diagnostics of industrial installations, trenchless engineering, mechanical and repair services for industrial installations, full replacement of catalytic beds in devices, and deposit skimming services.

It also provides catalytic converter services. In addition, the company engages in the construction, modernization, demolition, and renovation of cooling towers, chimneys, and industrial chimneys.

Further, it offers equipment rental, industrial installations, employee leasing, and cooling towers and fans services. The company was founded in 1986 and is headquartered in Warsaw, Poland.

Stock analysis

Polman S.A (PLM) currently trades at 0.3800 PLN, while our model-based Fair Value estimate is 0.2600 PLN, 32% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of 0.5200 PLN per share, and 7 of the 14 models we run sit above the 0.3800 PLN price.

Bear case: the Earnings-Based group reads lowest at 0.1400 PLN, and 7 of the 14 models stay below the price. Data coverage for this calculation is low.

Scenario range: 0.2000 PLN (bear) to 0.3200 PLN (bull), the price of 0.3800 PLN sits above 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 62/100 (solid quality), in the Industrials sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Polman S.A reported revenue of 20.3M PLN in FY2025 versus 15.7M PLN in FY2022, a compound +9.1%/yr. Reported net income was −420K PLN in FY2025.

Key figures

Market cap 12.4M PLN (≈ $3.2M) Micro · P/E ratio 5.4 · P/S ratio 0.52 · EPS (TTM) 0.0700 PLN · Net margin 9.4% · Return on equity 33.5% · Return on assets (EBIT) 6.1% · Operating margin 15.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).

What moves the price

The share trades about 21% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −15% fair-value upside, at −32%, PLM screens richer than that median.

Fair Value models

Bear 0.2000 PLN Fair Value 0.2600 PLN Bull 0.3200 PLN
Price 0.3800 PLN · Downside -31.6%
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 (0.0593 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
FCF DCF 0.5200 PLN 0.8300 PLN 1.29 PLN 74
Growth DCF 0.5300 PLN 0.7900 PLN 1.16 PLN 72
Owner Earnings 0.3300 PLN 0.5200 PLN 0.8200 PLN 69
All 14 models by family
DCF Models
FCF DCF 0.5200 PLN 0.8300 PLN 1.29 PLN 74
Owner Earnings 0.3300 PLN 0.5200 PLN 0.8200 PLN 69
5Y Revenue Exit 0.2800 PLN 0.3800 PLN 0.5000 PLN 68
5Y EBITDA Exit 0.4600 PLN 0.7300 PLN 1.05 PLN 69
10Y Revenue Exit 0.3600 PLN 0.4700 PLN 0.6200 PLN 63
10Y EBITDA Exit 0.4800 PLN 0.7200 PLN 1.04 PLN 63
Earnings-Based
EPV 0.1200 PLN 0.1400 PLN 0.1600 PLN 68
Multiples
EV/EBIT 0.2000 PLN 0.2600 PLN 0.3200 PLN 63
EV/EBITDA 0.4700 PLN 0.6200 PLN 0.7800 PLN 64
EV/Revenue 0.1500 PLN 0.2100 PLN 0.2600 PLN 52
Asset-Based
NCAV (Graham) 0.1200 PLN 0.1500 PLN 0.2300 PLN 51
Growth DCF
Growth DCF 0.5300 PLN 0.7900 PLN 1.16 PLN 72
Rev-Margin DCF 0.2800 PLN 0.3800 PLN 0.5100 PLN 68
Economic Profit
ROIC Compounder 0.1200 PLN 0.1400 PLN 0.1600 PLN 67

Open the full fair value analysis →

Quality Score breakdown

Overall quality 62/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 43
How much profit the company makes from its sales and capital
Quality Growth 49
Are margins and returns getting better?
Cashflow 48
Do the profits arrive as real cash?
Financial strength 50
Debt, balance sheet and risk of trouble
Investment 97
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 30
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 16
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 70/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+11.0%
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.
+9.1%
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).
−3.6%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −6.6% a year for the price.

PLM screens overvalued: fair value 32% below the price. Compare with Cintas Corporation →

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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.Specialty Business Services · 230 stocks

Beats the industry median on 10/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 62 · Above median
Fair Value upside −31.6% · Bottom 25%
Profitability
Return on equity (12 months) 33.5% · Top 25%
Return on assets −2.8% · Bottom 25%
Net margin (12 months) 9.4% · Above median
Operating margin (12 months) 15.3% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) 88.4% · Top 25%

Valuation Multiplesvs Specialty Business Services median · lower = cheaper

P/E (12 months) 5.4× · Cheapest 25%
P/B 1.65× · Cheaper than median
P/S (12 months) 0.52× · Cheapest 25%
Price / free cash flow 10.5× · Cheaper than median
EV/EBITDA 2.9× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 40
FUTURE (revenue growth)100 · sector 34
PAST (return on equity)100 · sector 39
HEALTH (low debt)0 · sector 94
DIVIDEND (yield)0 · sector 57

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Specialty Business Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
RB Global, Inc RBA C$132.91 C$143.95 +8% vs PLM
Copart, Inc CPRT $32.62 $35.12 +8% vs PLM
Wolters Kluwer N.V WKL €91.16 €98.05 +8% vs PLM
Global Payments Inc GPN $96.09 $88.05 −8% vs PLM
Brambles Limited BXB A$21.98 A$18.75 −15% vs PLM
Cintas Corporation CTAS $229.03 $188.90 −18% vs PLM
Rentokil Initial plc RTO $24.17 $19.63 −19% vs PLM
Thomson Reuters Corporation TRI $117.23 $70.79 −40% vs PLM
Aramark ARMK $52.33 $23.04 −56% vs PLM
UL Solutions Inc ULS $79.73 $33.46 −58% vs PLM

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Polman S.A: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Polman S.A Fair Value". https://www.fairvalue-calculator.com/stock/PLM

Frequently asked questions

Is Polman S.A (PLM) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 0.2600 PLN versus a price of 0.3800 PLN, about 32% lower (overvalued).
What is the fair value of PLM?
Our model-based fair value for Polman S.A is 0.2600 PLN (as of Nov 4, 2026), built from audited fundamentals. The current price: 0.3800 PLN.
What is the quality score of PLM?
Polman S.A has a Quality Score of 62/100. 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 Polman S.A (PLM)?
Our model-based price target is the fair value of 0.2600 PLN (as of Nov 4, 2026) from 14 valuation models. Cautious scenario 0.2000 PLN, optimistic scenario 0.3200 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Polman S.A stock forecast for 2026?
Our models put fair value at 0.2600 PLN, about 32% lower versus a price of 0.3800 PLN (overvalued). Cautious scenario 0.2000 PLN, optimistic scenario 0.3200 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Polman S.A (PLM)?
Polman S.A reported trailing-twelve-month revenue of about 23.7M PLN (latest available figure, as of Nov 4, 2026).
What growth is priced into Polman S.A (PLM)?
For today's price to be fair in a discounted-cash-flow model, Polman S.A would have to grow free cash flow by -3.6 % 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 +9.1 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of PLM use?
Our models discount Polman S.A at 9.3 %: a base by market capitalisation (nano), damped by beta 0.32, 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 Polman S.A that is -3.6 % 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 Polman S.A (PLM) delivered so far?
Over the past 3 years revenue at Polman S.A grew +9.1 % a year. The price currently implies -3.6 % 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 Polman S.A (PLM) growing?
The median revenue growth in the sector is +7.7 % a year. That is the yardstick for the growth priced into Polman S.A (-3.6 % 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 Polman S.A (PLM)?
The free-cash-flow yield on the price is 9.49 %: that much free cash flow Polman 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 Polman S.A (PLM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Polman S.A it is 0.2600 PLN per share (as of Nov 4, 2026), against a price of 0.3800 PLN. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Polman S.A stock overvalued or undervalued in 2026?
As of Nov 4, 2026, PLM trades above its calculated fair value: price 0.3800 PLN, fair value 0.2600 PLN, a gap of about −32% (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 PLM?
No. The price is what the market pays today (0.3800 PLN); the fair value is what the company's own numbers justify (0.2600 PLN). For Polman S.A the two are 0.1200 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Polman S.A worth?
The market values Polman S.A at about 12.4M PLN (market capitalisation, as of Nov 4, 2026). Per share that is 0.3800 PLN; our models calculate a fair value of 0.2600 PLN per share.
What do the bullish and bearish scenarios say about PLM?
Our models span a range for Polman S.A: cautious scenario 0.2000 PLN, base 0.2600 PLN, optimistic 0.3200 PLN per share (as of Nov 4, 2026, price 0.3800 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PLM?
Polman S.A trades at a price-to-earnings ratio of 5.4 (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 0.2600 PLN is built from several models across several years. Other multiples: P/B 1.7, P/S 0.5, EV/EBITDA 2.9.
How solid is the balance sheet of Polman S.A (PLM)?
Balance-sheet figures for Polman S.A (as of Nov 4, 2026): return on equity 33.5%. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is PLM from its 52-week high?
Polman S.A trades at 0.3800 PLN, about 21% below its 52-week high of 0.4790 PLN and 9% above the low of 0.3500 PLN (as of Nov 4, 2026). Distance from the high says nothing about value: that is what the fair value of 0.2600 PLN is for.
Which stocks are comparable to Polman S.A?
From the same area (Industrials) we also value Cintas Corporation, Thomson Reuters Corporation, Copart, Inc, Global Payments 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 Polman S.A stock attractive at the current price?
The data as of Nov 4, 2026: price 0.3800 PLN, calculated fair value 0.2600 PLN (−32%), Quality Score 62/100, 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 PLM calculated?
We run Polman S.A through 14 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 0.2600 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. Polman 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 Polman S.A (PLM)?
The closing price on Nov 4, 2026 was 0.3800 PLN. Our model-based fair value is 0.2600 PLN, about 32% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Polman S.A right now?
The price sits above even our optimistic bull case (0.3200 PLN). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.

Key figures of Polman S.A

How large is the market capitalisation of Polman S.A (PLM)?
The market capitalisation of Polman S.A is 12.4M PLN (≈ $3.2M). 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 Polman S.A (PLM)?
The price-to-sales ratio of Polman S.A is 0.52 (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 Polman S.A (PLM)?
Earnings per share at Polman S.A are 0.0700 PLN (price ÷ EPS = P/E 5.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Polman S.A (PLM)?
The net margin of Polman S.A is 9.4% (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 Polman S.A (PLM)?
The return on equity (ROE) of Polman S.A is 33.5% (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 Polman S.A (PLM)?
On an EBIT basis the return on assets of Polman S.A is 6.1% (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 Polman S.A (PLM)?
The operating margin of Polman S.A is 15.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Polman S.A (PLM)?
Revenue at Polman S.A is growing +88.4% versus a year earlier (3y avg +9.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
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