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AC Spólka Akcyjna (ACG) Fair Value & Analysis

Consumer Cyclical · PL · Market cap 170M PLN

AS AC Spólka Akcyjna ACG · WAR
Price19.25 PLN
Fair Value33.05 PLN
Upside+71.7%
Quality67/100
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Mixed Growth
Thin margins · 6.0% net margin
generates free cash flow
Ranks above peers (11/12)
Narrow moat 42/100
Evidence: High Range 23.55 PLN – 42.55 PLN Share as image

Fair value as of: Jul 13, 2026

From 24 valuation models · updated 28 days ago

Fair value updated Jul 13, 2026, revised from 37.56 PLN to 33.05 PLN (−12.0%) since Jun 24, 2026. Share price −7.0% over the past month.

A solid business, screening 72% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (23.55 PLN). The market is more pessimistic than our downside scenario.
  • Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (23.55 PLN to 42.55 PLN) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

33.20 PLN 17.80 PLN Fair Value 33.05 PLN Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range 17.80 PLN – 33.20 PLN · fair‑value band 23.55 PLN – 42.55 PLN · the 19.25 PLN price screens below the 33.05 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

AC Spólka Akcyjna (ACG) currently trades at 19.25 PLN, while our model-based Fair Value estimate is 33.05 PLN, implying the stock looks roughly 71.7% undervalued today. The Quality Score stands at 67/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, AC Spólka Akcyjna generated revenue of 198M PLN at a net margin of 6.0%. Revenue declined 14.2% year over year. It earns a return on equity of 7.5%. Net debt stands at 41.0M PLN. Fundamentals as of Jul 13, 2026

Our scenario range runs from 23.55 PLN (bear case) to 42.55 PLN (bull case); at 19.25 PLN, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 39% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at 72%, ACG screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income 14.96 PLN 15.83 PLN 16.58 PLN 76
Growth DCF 30.44 PLN 37.46 PLN 47.91 PLN 72
Gordon GGM 23.22 PLN 24.82 PLN 27.17 PLN 70
All 24 models by family
DCF Models
FCF DCF 29.71 PLN 37.19 PLN 49.22 PLN 38
Owner Earnings 19.93 PLN 24.87 PLN 32.82 PLN 31
5Y Revenue Exit 23.86 PLN 31.51 PLN 42.57 PLN 39
5Y EBITDA Exit 29.03 PLN 40.44 PLN 55.55 PLN 41
5Y P/E Exit 27.28 PLN 37.41 PLN 49.57 PLN 38
10Y Revenue Exit 26.15 PLN 31.43 PLN 36.84 PLN 36
10Y EBITDA Exit 29.20 PLN 36.15 PLN 43.34 PLN 37
10Y P/E Exit 28.29 PLN 34.55 PLN 40.35 PLN 35
Earnings-Based
Graham-Dodd 11.61 PLN 14.19 PLN 15.96 PLN 54
EPV 13.26 PLN 14.74 PLN 15.94 PLN 59
Dividend Discount
Gordon GGM 23.22 PLN 24.82 PLN 27.17 PLN 70
DDM Multi-Stage 23.22 PLN 26.87 PLN 31.44 PLN 61
Multiples
P/E Multiple 28.17 PLN 37.56 PLN 46.95 PLN 63
P/S Multiple 21.77 PLN 29.02 PLN 36.28 PLN 58
P/B Multiple 21.77 PLN 29.02 PLN 36.28 PLN 55
EV/EBIT 29.41 PLN 38.91 PLN 48.40 PLN 53
EV/EBITDA 32.98 PLN 43.67 PLN 54.36 PLN 54
EV/Revenue 20.12 PLN 28.35 PLN 36.58 PLN 43
Asset-Based
NCAV (Graham) 9.59 PLN 12.86 PLN 19.19 PLN 50
Growth DCF
Growth DCF 30.44 PLN 37.46 PLN 47.91 PLN 72
Rev-Margin DCF 23.86 PLN 32.32 PLN 42.97 PLN 67
Economic Profit
Residual Income 14.96 PLN 15.83 PLN 16.58 PLN 76
ROIC Compounder 13.26 PLN 14.74 PLN 15.94 PLN 67
Growth Earnings
Growth-Adj P/E 19.86 PLN 28.37 PLN 36.88 PLN 68

Widest divergence: DCF Models (34.55 PLN) versus Asset-Based (12.86 PLN). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 198M PLN
Revenue growth (YoY) -14.2%
Net margin 6.0%
Return on equity 7.5%
Free cash flow 33.0M PLN FY2025
P/E ratio 16.2
More key figures
Operating margin 9.9%
EPS (TTM) 1.29 PLN
EPS growth (YoY) -33.2%
Net debt 41.0M PLN FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 66 · Market factors (momentum, volatility) 37

Profitability 47
Margins and returns on capital today
Quality Growth 21
Are margins and returns improving?
Cashflow 81
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 90
Calm price path (market factor)
Momentum 21
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

AC Spólka Akcyjna manufactures and sells LPG and CNG autogas systems under the STAG brand in Poland, Europe, Asia and Oceania, America, and Africa.

Full company description

AC Spólka Akcyjna manufactures and sells LPG and CNG autogas systems under the STAG brand in Poland, Europe, Asia and Oceania, America, and Africa. It offers mobile applications; LPG/CNG controllers; LPG/CNG injection rails; LPG and CNG reducers; fuel injector, level, and pressure emulators; switches; timing advance processors; pressure sensors; interfaces; filters; and values. The company also provides auto parts, such as fuses, fuse holders, hose clamps, terminals, insulated terminals, connectors, car electronics, electrotechnics, rotating beacons, horns, plugs and sockets, trailer cables, adapters, spiral coils, tachograph accessories, and various other accessories; and leak testers and antifreeze. AC Spólka Akcyjna was founded in 1986 and is based in Bialystok, Poland.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

AC Spólka Akcyjna reported revenue of 206M PLN in FY2025 versus 206M PLN in FY2021, a compound −0.1%/yr. Reported net income was 14.1M PLN in FY2025, compounding −12.5%/yr from FY2021.

Growth Quality 56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
206M PLN
Latest YoY
−14.4%
Avg. growth/yr (3Y)
−8.7%
Avg. growth/yr (5Y)
+2.1%
Avg. growth/yr (15Y)
+3.8%
Revenue −0.1%/yr
FY21 206M PLN
FY22 270M PLN
FY23 260M PLN
FY24 240M PLN
FY25 206M PLN
Net income −12.5%/yr
FY21 24.1M PLN
FY22 36.4M PLN
FY23 28.5M PLN
FY24 28.2M PLN
FY25 14.1M PLN

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Cite: Fair Value Calculator (2026). "AC Spólka Akcyjna Fair Value". https://www.fairvalue-calculator.com/stock/ACG

Peer Group

Auto Parts · 642 stocks

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.

Quality Score 67 · Top 25%
Fair Value upside +72% · Top 25%
Return on equity (TTM) 8% · Above median
Return on assets 4% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 10% · Above median
Revenue growth -14% · Bottom 25%

Valuation Multiples vs Auto Parts median · lower = cheaper

P/E (TTM) 15.9× · Cheaper than median
P/B 0.29× · Cheaper than 75% of peers
P/S (TTM) 0.23× · Cheaper than 75% of peers
P/FCF 1.4× · Cheaper than median
EV/EBITDA 1.5× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 17
FUTURE 0 · sector 23
PAST 30 · sector 26
HEALTH 0 · sector 95
DIVIDEND 0 · sector 30

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Auto Parts stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
Hyundai Mobis Co 012330 482,000 KRW 678,420 KRW +41%
Magna International Inc MGAN 1,122 MXN 1,172 MXN +4%
Samvardhana Motherson International Limited MOTHERSON ₹144.17 ₹80.63 -44%
Bosch Limited BOSCHLTD ₹41,110 ₹14,004 -66%
Bharat Forge Limited BHARATFORG ₹2,117 ₹441.74 -79%
Uno Minda Limited UNOMINDA ₹1,158 ₹426.57 -63%
Schaeffler India Limited SCHAEFFLER ₹4,135 ₹1,412 -66%
Hankook Tire & Technology Co 161390 73,600 KRW 196,479 KRW +167%
MRF Limited MRF ₹131,025 ₹125,849 -4%
Sona BLW Precision Forgings Limited SONACOMS ₹792.00 ₹207.06 -74%

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Frequently asked questions

Is AC Spólka Akcyjna (ACG) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of 33.05 PLN versus a price of 19.25 PLN, about +72% (undervalued).
What is the fair value of ACG?
Our model-based fair value for AC Spólka Akcyjna is 33.05 PLN (as of Jul 13, 2026), built from audited fundamentals. The current price is 19.25 PLN.
What is the quality score of ACG?
AC Spólka Akcyjna has a Quality Score of 67/100. 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 revenue of AC Spólka Akcyjna (ACG)?
AC Spólka Akcyjna reported trailing-twelve-month revenue of about 198M PLN (latest available figure, as of Jul 13, 2026).
What is the net profit margin of ACG?
The net profit margin of AC Spólka Akcyjna is about 6.0%, meaning it keeps roughly 6.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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