Atal SA (1AT) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Atal SA PLN 81.34, price PLN 60.30, upside +34.9%, quality 41 out of 100. 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, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 18.17 PLN – 62.90 PLN · fair‑value band 44.09 PLN – 109.69 PLN · the 60.30 PLN price screens below the 81.34 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Atal S.A. engages in the construction and sale of residential real estate and the rental of commercial real estate in Poland. It also offers investment services for office premises. Atal S.A. was founded in 1990 and is headquartered in Cieszyn, Poland. Atal S.A. is a subsidiary of Juroszek Holding Sp. z o.o.
Stock analysis
Atal SA (1AT) currently trades at 60.30 PLN, while our model-based Fair Value estimate is 81.34 PLN, implying the stock looks roughly 25.9% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 87.75 PLN per share, and 7 of the 9 models we run sit above the 60.30 PLN price.
Bear case: the Asset-Based group reads lowest at 26.71 PLN, and 2 of the 9 models stay below the price. Evidence for this calculation is high.
Scenario range: 44.09 PLN (bear) to 109.69 PLN (bull), the price of 60.30 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 41/100 (below-average quality), in the Real Estate sector.
Mixed Growth: Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
Atal SA reported revenue of 1.3B PLN in FY2025 versus 1.7B PLN in FY2021, a compound −6.8%/yr. Reported net income was 223M PLN in FY2025, compounding −9.4%/yr from FY2021.
Key figures
Market cap 2.6B PLN (≈ $678M) · P/E ratio 10.0 · P/S ratio 1.76 · EPS (TTM) 6.05 PLN · Dividend yield 9.1% · Net margin 17.6% · Return on equity 14.8% · Return on assets (EBIT) 10.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 25% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 54% fair-value upside, at 35%, 1AT screens richer than that median.
Fair Value models
Bear 44.09 PLNFair Value 81.34 PLNBull 109.69 PLN
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.4023 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.Evidence ⓘEvidence = 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.55/100
Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
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.
−3.9%
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.
+15.6%
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.
+18.6%
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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.
+15.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.5%
Dividend (yield on the price)9.1%
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.4% vs 8%, 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.18% → 25%
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.Real Estate - Development · 578 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score41 · Below median
Fair Value upside+35% · Above median
Profitability
Return on equity (TTM)15% · Top 25%
Return on assets5% · Top 25%
Net margin (TTM)18% · Above median
Operating margin (TTM)24% · Top 25%
Growth and dividend
Revenue growth130% · Top 25%
Dividend yield (TTM)9.1% · Top 25%
Balance sheet
Debt / equity0.70× · Above median
Valuation Multiplesvs Real Estate - Development 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). "Atal SA Fair Value". https://www.fairvalue-calculator.com/stock/1AT
Frequently asked questions
Is Atal SA (1AT) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 81.34 PLN versus a price of 60.30 PLN, about +35% upside (undervalued).
What is the fair value of 1AT?
Our model-based fair value for Atal SA is 81.34 PLN (as of Sep 24, 2026), built from audited fundamentals. The current price: 60.30 PLN.
What is the quality score of 1AT?
Atal SA has a Quality Score of 41/100. 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 Atal SA (1AT)?
Our model-based price target is the fair value of 81.34 PLN (as of Sep 24, 2026) from 9 valuation models. Cautious scenario 44.09 PLN, optimistic scenario 109.69 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Atal SA stock forecast for 2026?
Our models put fair value at 81.34 PLN, about +35% upside versus a price of 60.30 PLN (undervalued). Cautious scenario 44.09 PLN, optimistic scenario 109.69 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Atal SA (1AT)?
Atal SA reported trailing-twelve-month revenue of about 1.4B PLN (latest available figure, as of Sep 24, 2026).
Does Atal SA pay a dividend?
Atal SA currently shows a dividend yield of about 9.12% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Atal SA (1AT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Atal SA it is 81.34 PLN per share (as of Sep 24, 2026), against a price of 60.30 PLN. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Atal SA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 1AT trades below its calculated fair value: price 60.30 PLN, fair value 81.34 PLN, a gap of about +35% (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 1AT?
No. The price is what the market pays today (60.30 PLN); the fair value is what the company's own numbers justify (81.34 PLN). For Atal SA the two are 21.04 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Atal SA worth?
The market values Atal SA at about 2.6B PLN (market capitalisation, as of Sep 24, 2026). Per share that is 60.30 PLN; our models calculate a fair value of 81.34 PLN per share.
What do the bullish and bearish scenarios say about 1AT?
Our models span a range for Atal SA: cautious scenario 44.09 PLN, base 81.34 PLN, optimistic 109.69 PLN per share (as of Sep 24, 2026, price 60.30 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1AT?
Atal SA trades at a price-to-earnings ratio of 10.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 81.34 PLN is built from several models across several years. Other multiples: P/B 0.4, P/S 0.5, EV/EBITDA 5.0.
How solid is the balance sheet of Atal SA (1AT)?
Balance-sheet figures for Atal SA (as of Sep 24, 2026): return on equity 14.8%, debt of 0.70 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is 1AT from its 52-week high?
Atal SA trades at 60.30 PLN, about 4% below its 52-week high of 62.90 PLN and 25% above the low of 48.12 PLN (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 81.34 PLN is for.
Which stocks are comparable to Atal SA?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, 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 Atal SA stock attractive at the current price?
The data as of Sep 24, 2026: price 60.30 PLN, calculated fair value 81.34 PLN (+35%), Quality Score 41/100, from 9 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 1AT calculated?
We run Atal SA through 9 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 81.34 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 14.1 % above its aggregate fair value. Atal SA currently trades 35 % 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 Atal SA (1AT)?
The closing price on Sep 23, 2026 was 60.30 PLN. Our model-based fair value is 81.34 PLN, about +35% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Atal SA right now?
The large discount to fair value meets weak quality (41/100). That raises the risk this is a value trap rather than a bargain. A fairly wide model range (44.09 PLN to 109.69 PLN) leaves room in how you read the outcome. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of Atal SA (1AT) come from?
Earnings per share at Atal SA grew +11.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +11.8 %, EBIT margin +0.0 %, tax rate −1.1 %, residual (interest, one-offs) +0.8 %. 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 Atal SA
How large is the market capitalisation of Atal SA (1AT)?
The market capitalisation of Atal SA is 2.6B PLN (≈ $678M). 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 Atal SA (1AT)?
The price-to-sales ratio of Atal SA is 1.76 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Atal SA (1AT)?
Earnings per share at Atal SA are 6.05 PLN (price ÷ EPS = P/E 10.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Atal SA (1AT)?
The dividend yield of Atal SA is 9.1% (payout 90.9%). 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 Atal SA (1AT)?
The net margin of Atal SA is 17.6% (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 Atal SA (1AT)?
The return on equity (ROE) of Atal SA is 14.8% (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 Atal SA (1AT)?
On an EBIT basis the return on assets of Atal SA is 10.7% (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 Atal SA (1AT)?
The operating margin of Atal SA is 23.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Atal SA (1AT)?
Revenue at Atal SA is growing +130% versus a year earlier (3y avg −8.6%). 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 Atal SA (1AT)?
Earnings per share at Atal SA are growing +228% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Atal SA (1AT) generate?
The free cash flow of Atal SA is −659M 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 Atal SA (1AT) carry?
The net debt of Atal SA is 1.9B 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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