WAWEL SA (WWL) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of WAWEL SA stock PLN 791, price PLN 710, upside +11.5%, quality 63 out of 100. Rating: undervalued. Calculated from audited financials with 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 360.68 PLN – 841.21 PLN · fair‑value band 520.25 PLN – 1,134 PLN · the 710.00 PLN price screens below the 791.33 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Wawel S.A. produces and sells cocoa, chocolate, and confectionary products in Poland.
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It offers various chocolate bars, chocolate pastilles, chocolate souffles, chocolate coated candies, chocolate pralines, no added sugar, cocoa powder, fresh and fruity, travel gummies, cream fudge/krówka, baked goods, tofflairs, filled hard caramels, chocolate jellies, and fruits in chocolate as well as other candies.
The company sells its products through its outlets and online shop. It also exports its products. Wawel S.A. was founded in 1898 and is headquartered in Kraków, Poland. Wawel S.A. is a subsidiary of Hosta International AG.
Stock analysis
WAWEL SA (WWL) currently trades at 710.00 PLN, while our model-based Fair Value estimate is 791.33 PLN, implying the stock looks roughly 10% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 1,165 PLN per share, and 14 of the 26 models we run sit above the 710.00 PLN price.
Bear case: the Dividend Discount group reads lowest at 112.46 PLN, and 12 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 520.25 PLN (bear) to 1,134 PLN (bull), the price of 710.00 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 63/100 (solid quality), in the Consumer Defensive sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
WAWEL SA reported revenue of 739M PLN in FY2025 versus 518M PLN in FY2021, a compound +9.3%/yr. Reported net income was 84.6M PLN in FY2025, compounding +18.3%/yr from FY2021.
Key figures
Market cap 917M PLN (≈ $232M) Micro · P/E ratio 9.3 · P/S ratio 1.29 · EPS (TTM) 76.52 PLN · Dividend yield 4.9% · Net margin 13.9% · Return on equity 12.8% · Return on assets (EBIT) 8.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −8% fair-value upside, at 11%, WWL screens cheaper than that median.
Fair Value models
Bear520.25 PLNFair Value 791.33 PLNBull1,134 PLN
Price 710.00 PLN · Upside +11.5%
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 (35.60 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.73/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+7.3%
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.
+8.1%
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.
+8.6%
Start year 2020 (pandemic). Over 10 years: +1.6% a year
Revenue growth 20 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.
+6.3%
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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.
+16.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.4%
Dividend (yield on the price)4.9%
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.11.4% vs 1.1%, picking up
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.15% → 13%
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).
+15.1%
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 +11.6% 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.Confectioners · 80 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside+11.5% · Above median
Profitability
Return on equity (12 months)12.8% · Top 25%
Return on assets9.4% · Top 25%
Net margin (12 months)13.9% · Top 25%
Operating margin (12 months)12.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−3.5% · Below median
Dividend yield (12 months)4.9% · Top 25%
Valuation Multiplesvs Confectioners 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). "WAWEL SA Fair Value". https://www.fairvalue-calculator.com/stock/WWL
Frequently asked questions
Is WAWEL SA (WWL) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 791.33 PLN versus a price of 710.00 PLN, about +11% upside (undervalued).
What is the fair value of WWL?
Our model-based fair value for WAWEL SA is 791.33 PLN (as of Nov 4, 2026), built from audited fundamentals. The current price: 710.00 PLN.
What is the quality score of WWL?
WAWEL SA has a Quality Score of 63/100. 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 WAWEL SA (WWL)?
Our model-based price target is the fair value of 791.33 PLN (as of Nov 4, 2026) from 26 valuation models. Cautious scenario 520.25 PLN, optimistic scenario 1,134 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the WAWEL SA stock forecast for 2026?
Our models put fair value at 791.33 PLN, about +11% upside versus a price of 710.00 PLN (undervalued). Cautious scenario 520.25 PLN, optimistic scenario 1,134 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of WAWEL SA (WWL)?
WAWEL SA reported trailing-twelve-month revenue of about 714M PLN (latest available figure, as of Nov 4, 2026).
Does WAWEL SA pay a dividend?
WAWEL SA currently shows a dividend yield of 4.93% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of WAWEL SA (WWL) and when is the ex-dividend date?
WAWEL SA pays a dividend of 35.00 PLN per share a year, a dividend yield of 4.9%. The last ex-dividend date was May 29, 2026. The payout ratio is 45.7% of earnings. Free cash flow covers the dividend 0.78 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into WAWEL SA (WWL)?
For today's price to be fair in a discounted-cash-flow model, WAWEL SA would have to grow free cash flow by +15.1 % per year for five years (discount rate 12.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.6 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of WWL use?
Our models discount WAWEL SA at 12.1 %: a base by market capitalisation (micro), damped by beta 0.38, 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 WAWEL SA that is +15.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.1 %) and the same formula as our fair value.
How much growth has WAWEL SA (WWL) delivered so far?
Over the past 5 years revenue at WAWEL SA grew +8.6 % a year. The price currently implies free-cash-flow growth of +15.1 % 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 WAWEL SA (WWL) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into WAWEL SA (+15.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of WAWEL SA (WWL)?
The free-cash-flow yield on the price is 3.83 %: that much free cash flow WAWEL SA produces per unit of market value. When it exceeds the discount rate of our models (12.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of WAWEL SA (WWL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For WAWEL SA it is 791.33 PLN per share (as of Nov 4, 2026), against a price of 710.00 PLN. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is WAWEL SA stock overvalued or undervalued in 2026?
As of Nov 4, 2026, WWL trades below its calculated fair value: price 710.00 PLN, fair value 791.33 PLN, a gap of about +11% (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 WWL?
No. The price is what the market pays today (710.00 PLN); the fair value is what the company's own numbers justify (791.33 PLN). For WAWEL SA the two are 81.33 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is WAWEL SA worth?
The market values WAWEL SA at about 917M PLN (market capitalisation, as of Nov 4, 2026). Per share that is 710.00 PLN; our models calculate a fair value of 791.33 PLN per share.
What do the bullish and bearish scenarios say about WWL?
Our models span a range for WAWEL SA: cautious scenario 520.25 PLN, base 791.33 PLN, optimistic 1,134 PLN per share (as of Nov 4, 2026, price 710.00 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WWL?
WAWEL SA trades at a price-to-earnings ratio of 9.3 (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 791.33 PLN is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 15.6. Other multiples: P/B 1.2, P/S 1.3, EV/EBITDA 5.9.
How solid is the balance sheet of WAWEL SA (WWL)?
Balance-sheet figures for WAWEL SA (as of Nov 4, 2026): return on equity 12.8%. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is WWL from its 52-week high?
WAWEL SA trades at 710.00 PLN, about 16% below its 52-week high of 841.21 PLN and 8% above the low of 655.76 PLN (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 791.33 PLN is for.
Which stocks are comparable to WAWEL SA?
From the same area (Consumer Defensive) we also value Mondelez International, Inc, The Hershey Company, Chocoladefabriken Lindt & Sprüngli AG, Barry Callebaut AG, 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 WAWEL SA stock attractive at the current price?
The data as of Nov 4, 2026: price 710.00 PLN, calculated fair value 791.33 PLN (+11%), Quality Score 63/100, from 26 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 WWL calculated?
We run WAWEL SA through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 791.33 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. WAWEL SA currently trades 10% 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 WAWEL SA (WWL)?
The closing price on Nov 6, 2026 was 710.00 PLN. Our model-based fair value is 791.33 PLN, about +11% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with WAWEL SA right now?
A fairly wide model range (520.25 PLN to 1,134 PLN) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of WAWEL SA (WWL) come from?
Earnings per share at WAWEL SA grew +0.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +2.9 %, EBIT margin −3.6 %, tax rate −0.1 %, residual (interest, one-offs) +0.9 %. 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 WAWEL SA
How large is the market capitalisation of WAWEL SA (WWL)?
The market capitalisation of WAWEL SA is 917M PLN (≈ $232M). 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 WAWEL SA (WWL)?
The price-to-sales ratio of WAWEL SA is 1.29 (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 WAWEL SA (WWL)?
Earnings per share at WAWEL SA are 76.52 PLN (price ÷ EPS = P/E 9.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of WAWEL SA (WWL)?
The dividend yield of WAWEL SA is 4.9% (payout 45.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of WAWEL SA (WWL)?
The net margin of WAWEL SA is 13.9% (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 WAWEL SA (WWL)?
The return on equity (ROE) of WAWEL SA is 12.8% (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 WAWEL SA (WWL)?
On an EBIT basis the return on assets of WAWEL SA is 8.2% (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 WAWEL SA (WWL)?
The operating margin of WAWEL SA is 12.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at WAWEL SA (WWL)?
Revenue at WAWEL SA is growing −3.5% versus a year earlier (3y avg +8.1%). 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 WAWEL SA (WWL)?
Earnings per share at WAWEL SA are growing +94.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does WAWEL SA (WWL) hold?
WAWEL SA holds more cash than debt, 126M PLN net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 4, 2026