Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. HUF 372, price HUF 259, upside +43.8%, quality 62 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 152.56 HUF – 721.79 HUF · fair‑value band 253.34 HUF – 595.67 HUF · the 259.00 HUF price screens below the 372.44 HUF 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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Budapesti Ingatlan Hasznosítási és Fejlesztési Nyrt. engages in the property development business in Hungary. Its properties consists of office buildings, parking garages, construction lots, residential properties, and hotels. The company develops office and residential buildings and land conversions; and rents, operates, manages, and sells properties.
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Budapesti Ingatlan Hasznosítási és Fejlesztési Nyrt. engages in the property development business in Hungary. Its properties consists of office buildings, parking garages, construction lots, residential properties, and hotels. The company develops office and residential buildings and land conversions; and rents, operates, manages, and sells properties. The company was founded in 1994 and is based in Budapest, Hungary. Budapesti Ingatlan Hasznosítási és Fejlesztési Nyrt. is a subsidiary of PIÓ 21 Kft.
Stock analysis
Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF) currently trades at 259.00 HUF, while our model-based Fair Value estimate is 372.44 HUF, implying the stock looks roughly 30.5% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 487.81 HUF per share, and 13 of the 14 models we run sit above the 259.00 HUF price.
Bear case: the Asset-Based group reads lowest at 209.68 HUF, and 1 of the 14 models stay below the price. Evidence for this calculation is low.
Scenario range: 253.34 HUF (bear) to 595.67 HUF (bull), the price of 259.00 HUF 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 62/100 (solid quality), in the Real Estate sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. reported revenue of 14.9B HUF in FY2025 versus 4.9B HUF in FY2021, a compound +31.9%/yr. Reported net income was 10.8B HUF in FY2025, compounding +6.9%/yr from FY2021.
Key figures
Market cap 71.3B HUF (≈ $221M) · P/E ratio 6.6 · P/S ratio 4.78 · EPS (TTM) 39.31 HUF · Dividend yield 3.9% · Net margin 72.6% · Return on equity 13.2% · Return on assets (EBIT) 6.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 31% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 1% fair-value upside, at 44%, BIF screens cheaper than that median.
Fair Value models
Bear 253.34 HUFFair Value 372.44 HUFBull 595.67 HUF
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 (21.52 HUF 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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+11.3%
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.
+13.1%
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.
+19.2%
Start year 2020 (pandemic)
Revenue growth 7 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.
+21.6%
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What shareholders gained per year (last 5 years), in HUF ⓘ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. Measured in HUF: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+18.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.8%
Dividend (yield on the price)3.9%
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.36% → 51%
Growth Forecast
Little optimism in the price
The price assumes less 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).
+7.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Hungary: IMF forecast 3.3% a year to 2030, 5.6% from 2016 to 2025) that is about +4.0% a year for the price.
Compare Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. with another stock
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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.REIT - Diversified · 155 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Above median
Fair Value upside+43% · Top 25%
Profitability
Return on equity (TTM)13% · Top 25%
Return on assets4% · Top 25%
Net margin (TTM)73% · Top 25%
Operating margin (TTM)48% · Below median
Growth and dividend
Revenue growth16% · Top 25%
Dividend yield (TTM)3.9% · Below median
Balance sheet
Debt / equity0.19× · Lowest 25%
Valuation Multiplesvs REIT - Diversified 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). "Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. Fair Value". https://www.fairvalue-calculator.com/stock/BIF
Frequently asked questions
Is Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 372.44 HUF versus a price of 259.00 HUF, about +44% upside (undervalued).
What is the fair value of BIF?
Our model-based fair value for Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. is 372.44 HUF (as of Sep 24, 2026), built from audited fundamentals. The current price: 259.00 HUF.
What is the quality score of BIF?
Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. has a Quality Score of 62/100. 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 Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
Our model-based price target is the fair value of 372.44 HUF (as of Sep 24, 2026) from 14 valuation models. Cautious scenario 253.34 HUF, optimistic scenario 595.67 HUF. It is a calculation from audited fundamentals, not an analyst target.
What is the Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. stock forecast for 2026?
Our models put fair value at 372.44 HUF, about +44% upside versus a price of 259.00 HUF (undervalued). Cautious scenario 253.34 HUF, optimistic scenario 595.67 HUF. The calculation is refreshed regularly with new filings.
What is the revenue of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. reported trailing-twelve-month revenue of about 14.9B HUF (latest available figure, as of Sep 24, 2026).
Does Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. pay a dividend?
Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. currently shows a dividend yield of about 3.86% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
For today's price to be fair in a discounted-cash-flow model, Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. would have to grow free cash flow by +7.5 % per year for five years (discount rate 13.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +19.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of BIF use?
Our models discount Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. at 13.5 %: a base by market capitalisation (micro), damped by beta 0.03, country premium for Hungary. 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 Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. that is +7.5 % per year a year over ten years, using the same discount rate (13.5 %) and the same formula as our fair value.
How much growth has Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF) delivered so far?
Over the past 5 years revenue at Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. grew +19.2 % a year. The price currently implies +7.5 % per year free-cash-flow growth a 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 Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (+7.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
The free-cash-flow yield on the price is 8.67 %: that much free cash flow Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. produces per unit of market value. When it exceeds the discount rate of our models (13.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. it is 372.44 HUF per share (as of Sep 24, 2026), against a price of 259.00 HUF. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, BIF trades below its calculated fair value: price 259.00 HUF, fair value 372.44 HUF, a gap of about +44% (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 BIF?
No. The price is what the market pays today (259.00 HUF); the fair value is what the company's own numbers justify (372.44 HUF). For Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. the two are 113.44 HUF per share apart. That gap is exactly why we show both numbers side by side.
How much is Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. worth?
The market values Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. at about 71.3B HUF (market capitalisation, as of Sep 24, 2026). Per share that is 259.00 HUF; our models calculate a fair value of 372.44 HUF per share.
What do the bullish and bearish scenarios say about BIF?
Our models span a range for Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt.: cautious scenario 253.34 HUF, base 372.44 HUF, optimistic 595.67 HUF per share (as of Sep 24, 2026, price 259.00 HUF). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BIF?
Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. trades at a price-to-earnings ratio of 6.6 (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 372.44 HUF is built from several models across several years. Other multiples: P/B 0.8, P/S 4.8, EV/EBITDA 9.4.
How solid is the balance sheet of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
Balance-sheet figures for Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (as of Sep 24, 2026): return on equity 13.2%, debt of 0.19 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is BIF from its 52-week high?
Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. trades at 259.00 HUF, about 31% below its 52-week high of 376.94 HUF and 4% above the low of 250.00 HUF (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 372.44 HUF is for.
Which stocks are comparable to Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt.?
From the same area (Real Estate) we also value Goodman Group, VICI Properties Inc, W. P. Carey Inc, Charter Hall Group, 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 Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. stock attractive at the current price?
The data as of Sep 24, 2026: price 259.00 HUF, calculated fair value 372.44 HUF (+44%), Quality Score 62/100, from 14 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 BIF calculated?
We run Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. through 14 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 372.44 HUF, 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 13.0 % above its aggregate fair value. Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. currently trades 44 % 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 Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
The closing price on Sep 24, 2026 was 259.00 HUF. Our model-based fair value is 372.44 HUF, about +44% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. right now?
The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (253.34 HUF to 595.67 HUF) 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.
Key figures of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt.
How large is the market capitalisation of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
The market capitalisation of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. is 71.3B HUF (≈ $221M). 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 Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
The price-to-sales ratio of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. is 4.78 (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 Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
Earnings per share at Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. are 39.31 HUF (price ÷ EPS = P/E 6.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
The dividend yield of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. is 3.9% (payout 25.4%). 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 Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
The net margin of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. is 72.6% (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 Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
The return on equity (ROE) of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. is 13.2% (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 Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
On an EBIT basis the return on assets of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. is 6.6% (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 Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
The operating margin of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. is 48.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
Revenue at Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. is growing +16.4% versus a year earlier (3y avg +13.1%). 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 Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF)?
Earnings per share at Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. are growing +5.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. (BIF) carry?
The net debt of Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt. is 1.1B HUF (fiscal year 2025, ≈ 0.2 yrs of FCF). 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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