Toma as (TOMA) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Toma as stock CZK 2,617, price CZK 1,390, upside +88.2%, quality 51 out of 100. Rating: strongly undervalued. Calculated from audited financials with 13 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 4, 2026.
How to read this chart
60‑month range 1,153 CZK – 1,461 CZK · fair‑value band 1,760 CZK – 3,831 CZK · the 1,390 CZK price screens below the 2,617 CZK fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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TOMA, a.s. engages in the property rental, financial services, energy sales, waste processing and disposal, and other businesses in the Czech Republic. The company operates a wastewater treatment plant; and offers sewer cleaning, financial leasing, and hydro analytical laboratory services.
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It is also involved in the administration of roads in the industrial area, the rental of residential and non-residential premises, the disposal of hazardous liquid waste, and the operation of a railway siding. The company was founded in 1991 and is based in Otrokovice, the Czech Republic.
Stock analysis
Toma as (TOMA) currently trades at 1,390 CZK, while our model-based Fair Value estimate is 2,617 CZK, implying the stock looks roughly 47% undervalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of 3,551 CZK per share, and 9 of the 13 models we run sit above the 1,390 CZK price.
Bear case: the Dividend Discount group reads lowest at 442.99 CZK, and 4 of the 13 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 1,760 CZK (bear) to 3,831 CZK (bull), the price of 1,390 CZK 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 51/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Toma as reported revenue of 1.8B CZK in FY2025 versus 1.2B CZK in FY2021, a compound +11.1%/yr. Reported net income was 268M CZK in FY2025, compounding +2.7%/yr from FY2021.
Key figures
Market cap 1.9B CZK (≈ $85.0M) Micro · P/E ratio 8.1 · P/S ratio 1.01 · EPS (TTM) 172.49 CZK · Net margin 12.4% · Return on equity 4.2% · Return on assets (EBIT) 1.6% (5-year average) · Operating margin 9.5%.
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 3% below its 52-week high and 16% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 8% fair-value upside, at 88%, TOMA screens cheaper than that median.
Fair Value models
Bear1,760 CZKFair Value 2,617 CZKBull3,831 CZK
Price 1,390 CZK · Upside +88.2%
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 (147.92 CZK 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.64/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+5.0%
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.
+7.8%
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.
+6.9%
Start year 2020 (pandemic)
Revenue growth 6 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.
+13.4%
’19
’20
’21
’22
’23
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’25
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.
+2.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.2%
Dividend (yield on the price)0.0%
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.13% → 7%
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).
+21.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Czechia: IMF forecast 2.2% a year to 2030, 4.5% from 2016 to 2025) that is about +18.4% 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.Conglomerates · 304 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score51 · Below median
Fair Value upside+88.2% · Top 25%
Profitability
Return on equity (12 months)4.2% · Below median
Return on assets4.1% · Above median
Net margin (12 months)12.4% · Above median
Operating margin (12 months)9.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)−1.7% · Below median
Dividend yield (12 months)0.0% · Bottom 25%
Balance sheet
Debt / equity0.06× · Below median
Valuation Multiplesvs Conglomerates median · lower = cheaper
P/E (12 months)8.1× · Cheaper than median
P/B0.34× · Cheapest 25%
P/S (12 months)1.01× · Pricier than median
Price / free cash flow (fiscal year)17.8× · Pricier than median
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Cite: Fair Value Calculator (2026). "Toma as Fair Value". https://www.fairvalue-calculator.com/stock/TOMA
Frequently asked questions
Is Toma as (TOMA) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 2,617 CZK versus a price of 1,390 CZK, about +88% upside (undervalued).
What is the fair value of TOMA?
Our model-based fair value for Toma as is 2,617 CZK (as of Nov 4, 2026), built from audited fundamentals. The current price: 1,390 CZK.
What is the quality score of TOMA?
Toma as has a Quality Score of 51/100. 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 Toma as (TOMA)?
Our model-based price target is the fair value of 2,617 CZK (as of Nov 4, 2026) from 13 valuation models. Cautious scenario 1,760 CZK, optimistic scenario 3,831 CZK. It is a calculation from audited fundamentals, not an analyst target.
What is the Toma as stock forecast for 2026?
Our models put fair value at 2,617 CZK, about +88% upside versus a price of 1,390 CZK (undervalued). Cautious scenario 1,760 CZK, optimistic scenario 3,831 CZK. The calculation is refreshed regularly with new filings.
What is the revenue of Toma as (TOMA)?
Toma as reported trailing-twelve-month revenue of about 1.8B CZK (latest available figure, as of Nov 4, 2026).
What growth is priced into Toma as (TOMA)?
For today's price to be fair in a discounted-cash-flow model, Toma as would have to grow free cash flow by +21.0 % per year for five years (discount rate 15.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.9 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of TOMA use?
Our models discount Toma as at 15.5 %: a base by market capitalisation (micro), country premium for Czechia. 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 Toma as that is +21.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (15.5 %) and the same formula as our fair value.
How much growth has Toma as (TOMA) delivered so far?
Over the past 5 years revenue at Toma as grew +6.9 % a year. The price currently implies free-cash-flow growth of +21.0 % 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 Toma as (TOMA) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Toma as (+21.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Toma as (TOMA)?
The free-cash-flow yield on the price is 5.61 %: that much free cash flow Toma as produces per unit of market value. When it exceeds the discount rate of our models (15.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Toma as (TOMA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Toma as it is 2,617 CZK per share (as of Nov 4, 2026), against a price of 1,390 CZK. It is the blended result of 13 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Toma as stock overvalued or undervalued in 2026?
As of Nov 4, 2026, TOMA trades below its calculated fair value: price 1,390 CZK, fair value 2,617 CZK, a gap of about +88% (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 TOMA?
No. The price is what the market pays today (1,390 CZK); the fair value is what the company's own numbers justify (2,617 CZK). For Toma as the two are 1,227 CZK per share apart. That gap is exactly why we show both numbers side by side.
How much is Toma as worth?
The market values Toma as at about 1.9B CZK (market capitalisation, as of Nov 4, 2026). Per share that is 1,390 CZK; our models calculate a fair value of 2,617 CZK per share.
What do the bullish and bearish scenarios say about TOMA?
Our models span a range for Toma as: cautious scenario 1,760 CZK, base 2,617 CZK, optimistic 3,831 CZK per share (as of Nov 4, 2026, price 1,390 CZK). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TOMA?
Toma as trades at a price-to-earnings ratio of 8.1 (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 2,617 CZK is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2019 to 2025), reported earnings: 6.8. Other multiples: P/B 0.3, P/S 1.0, EV/EBITDA 6.4.
How solid is the balance sheet of Toma as (TOMA)?
Balance-sheet figures for Toma as (as of Nov 4, 2026): return on equity 4.2%, debt of 0.06 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is TOMA from its 52-week high?
Toma as trades at 1,390 CZK, about 3% below its 52-week high of 1,440 CZK and 16% above the low of 1,200 CZK (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 2,617 CZK is for.
Which stocks are comparable to Toma as?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, SGH 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 Toma as stock attractive at the current price?
The data as of Nov 4, 2026: price 1,390 CZK, calculated fair value 2,617 CZK (+88%), Quality Score 51/100, from 13 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 TOMA calculated?
We run Toma as through 13 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 2,617 CZK 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. Toma as currently trades 47% 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 Toma as (TOMA)?
The closing price on Nov 6, 2026 was 1,390 CZK. Our model-based fair value is 2,617 CZK, about +88% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Toma as right now?
The price is below even our cautious bear case (1,760 CZK). The market is more pessimistic than our downside scenario. Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (1,760 CZK to 3,831 CZK) leaves room in how you read the outcome.
Key figures of Toma as
How large is the market capitalisation of Toma as (TOMA)?
The market capitalisation of Toma as is 1.9B CZK (≈ $85.0M). 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 Toma as (TOMA)?
The price-to-sales ratio of Toma as is 1.01 (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 Toma as (TOMA)?
Earnings per share at Toma as are 172.49 CZK (price ÷ EPS = P/E 8.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Toma as (TOMA)?
The net margin of Toma as is 12.4% (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 Toma as (TOMA)?
The return on equity (ROE) of Toma as is 4.2% (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 Toma as (TOMA)?
On an EBIT basis the return on assets of Toma as is 1.6% (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 Toma as (TOMA)?
The operating margin of Toma as is 9.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Toma as (TOMA)?
Revenue at Toma as is growing −1.7% versus a year earlier (3y avg +7.8%). 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 Toma as (TOMA)?
Earnings per share at Toma as are growing −20.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Toma as (TOMA) carry?
The net debt of Toma as is 104M CZK (fiscal year 2025, ≈ 1.0 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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Nov 4, 2026