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Data-driven stock valuation

BBI Development S.A. (BBD) fair value: what the stock is really worth

We calculate from audited financials what BBI Development S.A. is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.

  1. Compare price with fair valuebelow fair value = cheap, above = expensive
  2. Check the quality50 and up solid, 75 and up strong
  3. Watch it or check another stockalert when fair value or trend changes

Real Estate · PL · Market cap 54.9M PLN (≈ $14.8M) · ISIN PLNFI1200018

At a glance

BD BBI Development S.A. BBD · WAR
Price5.16 PLN
Fair Value6.85 PLN
Upside+32.8%
Quality49/100

Below-average quality, trading 25% below our fair value of 6.85 PLN.

As of Sep 3, 2026, the fair value of BBI Development S.A. is 6.85 PLN per share against a price of 5.16 PLN, so the fair value sits 33% above the price. A model estimate from reported figures, not an analyst target.

!Weak Growth (revenue 5y −23.7 %/yr)
!Loss-making · -37.4% net margin
✓Low debt · generates free cash flow
!Mixed vs. peers (6/13)
!Narrow moat 20/100
!Evidence only medium, so the estimate is less certain
!The models disagree: range 2.26 PLN to 11.44 PLN
!Weak on dividend: 26 out of 100
Evidence: Medium Range 2.26 PLN to 11.44 PLN

Fair value as of: Sep 3, 2026

From 9 valuation models · updated 4 days ago

Fair value updated Sep 3, 2026, revised from 2.62 PLN to 6.85 PLN (+161.5%) since Aug 13, 2026. Share price −3.0% over the past month.

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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The model range is unusually wide (2.26 PLN to 11.44 PLN). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Price vs Fair Value (5 years)

7.14 PLN 3.61 PLN Fair Value 6.85 PLN May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 3, 2026.

How to read this chart

60‑month range 3.61 PLN – 7.14 PLN · fair‑value band 2.26 PLN – 11.44 PLN · the 5.16 PLN price screens below the 6.85 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 3, 2026.

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Analysis

BBI Development S.A. (BBD) currently trades at 5.16 PLN, while our model-based Fair Value estimate is 6.85 PLN, implying the stock looks roughly 24.7% undervalued today. The Quality Score stands at 49/100 (below-average quality), in the Real Estate sector. Bull case: the Multiples group reads highest at a median of 11.01 PLN per share, and 7 of the 9 models we run sit above the 5.16 PLN price. Bear case: the Dividend Discount group reads lowest at 0.7400 PLN, and 2 of the 9 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, BBI Development S.A. generated revenue of 21.9M PLN at a net margin of −38.6%. Revenue grew 31.7% year over year. It earns a return on equity of −5.2%. Net debt stands at 84.6M PLN. Fundamentals as of Sep 3, 2026

Scenario range: 2.26 PLN (bear) to 11.44 PLN (bull), the price of 5.16 PLN sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 12% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −19% fair-value upside, at 33%, BBD screens cheaper than that median.

Fair Value models

Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →

Model 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
Highest evidence
FCF DCF 6.33 PLN 10.68 PLN 16.19 PLN 79
Growth DCF 6.32 PLN 10.04 PLN 14.44 PLN 78
Rev-Margin DCF 6.05 PLN 11.59 PLN 17.75 PLN 71
All 9 models by family
DCF Models
FCF DCF 6.33 PLN 10.68 PLN 16.19 PLN 79
5Y Revenue Exit 6.05 PLN 11.71 PLN 18.87 PLN 70
10Y Revenue Exit 5.79 PLN 10.50 PLN 16.74 PLN 65
Dividend Discount
Gordon GGM 0.4800 PLN 0.8000 PLN 1.04 PLN 68
DDM Multi-Stage 0.4800 PLN 0.7400 PLN 0.8600 PLN 67
Multiples
EV/Revenue 6.42 PLN 11.01 PLN 15.60 PLN 52
Asset-Based
NCAV (Graham) 7.72 PLN 10.35 PLN 15.45 PLN 54
Growth DCF
Growth DCF 6.32 PLN 10.04 PLN 14.44 PLN 78
Rev-Margin DCF 6.05 PLN 11.59 PLN 17.75 PLN 71

Widest divergence: Multiples (11.01 PLN) versus Dividend Discount (0.7400 PLN). Highest evidence: FCF DCF (79).

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Key figures & financial health

P/E ratio 43.0
P/S ratio 2.46 TTM
EPS (TTM) 0.1200 PLN price ÷ EPS = P/E 43.0
Dividend yield 1.3% payout 55.1%
Net margin −38.6% FY2025
Return on equity −5.2% TTM
More key figures
Profitability
Return on assets (EBIT) 3.4% avg 5y
Operating margin 20.1% TTM
Growth
Revenue (TTM) 21.9M PLN TTM
Revenue growth (YoY) +31.7% 3y avg +10.4%
EPS growth (YoY) −75.2%
Balance sheet & cash flow
Free cash flow 12.6M PLN FY2025
Net debt 84.6M PLN FY2025 · ≈ 6.7 yrs of FCF

Figures from reported company fundamentals · as of Sep 3, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 49 · Market factors (momentum, volatility) 52

Profitability 3
Margins and returns on capital today
Quality Growth 79
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 39
Distance to the 52-week high (market factor)
Net Issuance 85
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

BBI Development S.A. engages in the real estate business in Poland. It engages in the development of projects, apartments, offices, and residential property. The company is based in Warsaw, Poland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

BBI Development S.A. reported revenue of 21.9M PLN in FY2025 versus 20.9M PLN in FY2021, a compound +1.2%/yr. Reported net income was −8.5M PLN in FY2025.

Growth Quality 9/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
21.9M PLN
Latest YoY
+57.3%
Avg. revenue growth/yr (3Y) ⓘ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.
+10.4%
Avg. revenue growth/yr (5Y) ⓘ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.
−23.7%
Avg. revenue growth/yr (15Y) ⓘ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.
+13.9%
EBIT margin (trend) ⓘ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.
2.2% (2020) → −16.2% (2025)
Value creation/yr ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +1.2%/yr
FY21 20.9M PLN
FY22 16.3M PLN
FY23 24.4M PLN
FY24 13.9M PLN
FY25 21.9M PLN
Net income
FY21 −6.4M PLN
FY22 −9.4M PLN
FY23 50.9M PLN
FY24 −3.4M PLN
FY25 −8.5M PLN

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BBI Development S.A. · Fair Value
6.85 PLN +25%Fair Value
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Cite: Fair Value Calculator (2026). "BBI Development S.A. Fair Value". https://www.fairvalue-calculator.com/stock/BBD

Peer Group

Real Estate - Development · 569 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.

Valuation
Quality Score 51 · Above median
Fair Value upside +33% · Above median
Profitability
Return on assets 0% · Below median
Net margin (TTM) −37% · Bottom 25%
Operating margin (TTM) 7% · Below median
Growth and dividend
Revenue growth 7% · Above median
Dividend yield (TTM) 1.3% · Below median
Balance sheet
Debt / equity 0.30× · Below median

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 43.0× · Priciest 25%
P/B 0.10× · Cheapest 25%
P/S (TTM) 0.66× · Cheaper than median
P/FCF 1.2× · Pricier than median

What the price implies (reverse DCF)

The inverse question: what free-cash-flow growth must BBI Development S.A. deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.

Implied FCF growth, 10 years+3.1 % per year
Achieved revenue growth, 5 years-23.7 % p.a.
Sector median revenue growth+1.5 %
FCF yield on price24.45 %
Discount rate (WACC) in the models12.1 %

The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →

Context: sector, industry, market

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE77 · sector 44
FUTURE37 · sector 0
PAST0 · sector 11
HEALTH85 · sector 85
DIVIDEND26 · sector 53

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

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Sep 3, 2026).

Stock Price Fair Value vs Fair Value
Sun Hung Kai Properties Limited 80016 HK$109.70 HK$88.93 −19%
China Resources Land Limited 1109 HK$35.24 HK$72.16 +105%
Vinhomes Joint Stock Company VHM 71,700 VND 109,431 VND +53%
CK Asset Holdings 1113 HK$47.34 HK$68.85 +45%
Hongkong Land Holdings H78 $8.20 $1.52 −81%
DLF Limited DLF ₹667.10 ₹170.24 −74%
China Overseas Land & Investment Limited 0688 HK$13.17 HK$23.00 +75%
Macrotech Developers Limited LODHA ₹1,244 ₹583.42 −53%
Sino Land Company 0083 HK$10.33 HK$6.99 −32%
PT Pantai Indah Kapuk Dua Tbk, PANI 5,925 IDR 1,325 IDR −78%

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Frequently asked questions

Is BBI Development S.A. (BBD) overvalued or undervalued?
As of Sep 3, 2026, our model estimates a fair value of 6.85 PLN versus a price of 5.16 PLN, about +33% upside (undervalued).
What is the fair value of BBD?
Our model-based fair value for BBI Development S.A. is 6.85 PLN (as of Sep 3, 2026), built from audited fundamentals. The current price: 5.16 PLN.
What is the quality score of BBD?
BBI Development S.A. has a Quality Score of 49/100. 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 BBI Development S.A. (BBD)?
Our model-based price target is the fair value of 6.85 PLN (as of Sep 3, 2026) from 9 valuation models. Cautious scenario 2.26 PLN, optimistic scenario 11.44 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the BBI Development S.A. stock forecast for 2026?
Our models put fair value at 6.85 PLN, about +33% upside versus a price of 5.16 PLN (undervalued). Cautious scenario 2.26 PLN, optimistic scenario 11.44 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of BBI Development S.A. (BBD)?
BBI Development S.A. reported trailing-twelve-month revenue of about 21.9M PLN (latest available figure, as of Sep 3, 2026).
What is the net profit margin of BBD?
The net profit margin of BBI Development S.A. is about −38.6%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does BBI Development S.A. pay a dividend?
BBI Development S.A. currently shows a dividend yield of about 1.28% relative to its recent price (as of Sep 3, 2026).
What growth is priced into BBI Development S.A. (BBD)?
For today's price to be fair in a discounted-cash-flow model, BBI Development S.A. would have to grow free cash flow by +3.1 % per year for ten years (discount rate 12.1 %, then 2 % perpetual growth). Over the last 5 years revenue grew -23.7 % per year. As of Sep 3, 2026.
What discount rate (WACC) does the fair value of BBD use?
Our models discount BBI Development S.A. at 12.1 %: a base by market capitalisation (micro), damped by beta 0.18, country premium for Poland. The same rate applies in all 26 models.
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