Atal SA (1AT) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Atal SA stock PLN 81.34, price PLN 60.60, upside +34.2%, quality 44 out of 100. Rating: undervalued. Calculated from audited financials with 9 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 5, 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 60.60 PLN price screens below the 81.34 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 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.
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Atal S.A. is a subsidiary of Juroszek Holding Sp. z o.o.
Stock analysis
Atal SA (1AT) currently trades at 60.60 PLN, while our model-based Fair Value estimate is 81.34 PLN, implying the stock looks roughly 25% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 82.50 PLN per share, and 5 of the 9 models we run sit above the 60.60 PLN price.
Bear case: the Asset-Based group reads lowest at 35.17 PLN, and 4 of the 9 models stay below the price. Data coverage for this calculation is high.
Scenario range: 44.09 PLN (bear) to 109.69 PLN (bull), the price of 60.60 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 44/100 (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 (≈ $670M) Small · P/E ratio 8.0 · P/S ratio 1.60 · EPS (TTM) 7.58 PLN · Dividend yield 9.1% · Net margin 20.0% · Return on equity 20.2% · Return on assets (EBIT) 10.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 72 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 26% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 33% fair-value upside, at 34%, 1AT screens cheaper than that median.
Fair Value models
Bear44.09 PLNFair Value 81.34 PLNBull109.69 PLN
Price 60.60 PLN · Upside +34.2%
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 (1.78 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.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.3.6% vs 8.4%, 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 · 489 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score44 · Below median
Fair Value upside+34.4% · Above median
Profitability
Return on equity (12 months)20.2% · Top 25%
Return on assets4.5% · Top 25%
Net margin (12 months)20.0% · Above median
Operating margin (12 months)31.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)75.7% · Top 25%
Dividend yield (12 months)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 Nov 5, 2026, our model estimates a fair value of 81.34 PLN versus a price of 60.60 PLN, about +34% upside (undervalued).
What is the fair value of 1AT?
Our model-based fair value for Atal SA is 81.34 PLN (as of Nov 5, 2026), built from audited fundamentals. The current price: 60.60 PLN.
What is the quality score of 1AT?
Atal SA has a Quality Score of 44/100. 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 Nov 5, 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 +34% upside versus a price of 60.60 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 1.6B PLN (latest available figure, as of Nov 5, 2026).
Does Atal SA pay a dividend?
Atal SA currently shows a dividend yield of 9.08% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Atal SA (1AT) and when is the ex-dividend date?
Atal SA pays a dividend of 5.50 PLN per share a year, a dividend yield of 9.1%. The last ex-dividend date was Jul 14, 2026. A dividend has been paid every year since 2021. The payout ratio is 72.6% of earnings. 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 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 Nov 5, 2026), against a price of 60.60 PLN. It is the blended result of 9 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Atal SA stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 1AT trades below its calculated fair value: price 60.60 PLN, fair value 81.34 PLN, a gap of about +34% (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 (60.60 PLN); the fair value is what the company's own numbers justify (81.34 PLN). For Atal SA the two are 20.74 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 Nov 5, 2026). Per share that is 60.60 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 Nov 5, 2026, price 60.60 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 8.0 (as of Nov 5, 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. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 7.5. Other multiples: P/B 1.5, P/S 1.6, EV/EBITDA 8.8.
How solid is the balance sheet of Atal SA (1AT)?
Balance-sheet figures for Atal SA (as of Nov 5, 2026): return on equity 20.2%, debt of 0.70 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is 1AT from its 52-week high?
Atal SA trades at 60.60 PLN, about 4% below its 52-week high of 62.90 PLN and 26% above the low of 48.12 PLN (as of Nov 9, 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, CK Asset Holdings, DLF 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 Atal SA stock attractive at the current price?
The data as of Nov 5, 2026: price 60.60 PLN, calculated fair value 81.34 PLN (+34%), Quality Score 44/100, 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 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 81.34 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. Atal SA currently trades 25% 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 Nov 9, 2026 was 60.60 PLN. Our model-based fair value is 81.34 PLN, about +34% 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 (44/100). 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 (≈ $670M). 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 1.60 (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 Atal SA (1AT)?
Earnings per share at Atal SA are 7.58 PLN (price ÷ EPS = P/E 8.0). 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 72.6%). 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 20.0% (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 Atal SA (1AT)?
The return on equity (ROE) of Atal SA is 20.2% (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 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 31.0% (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 +75.7% 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 +165% 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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Broad data
Nov 5, 2026