Balticon (BLT) fair value: what the stock is really worth
As of Oct 28, 2026: fair value (intrinsic value) of Balticon stock PLN 32.09, price PLN 18.80, upside +70.7%, quality 63 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
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 Oct 30, 2026.
How to read this chart
60‑month range 7.40 PLN – 28.69 PLN · fair‑value band 23.82 PLN – 41.73 PLN · the 18.80 PLN price screens below the 32.09 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 30, 2026.
Follow Balticon in your weekly email
Every Wednesday you see whether Balticon is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Balticon S.A. operates as a container logistics company. It engages in sale and rental of containers, including sea, refrigerated, office, construction, storage, elevated, insulated, open top, and modified containers, as well as special purpose containers, such as flat racks.
Show moreShow less
It serves rail and road carriers, shippers, operators, and shipowners. The company was founded in 1990 and is headquartered in Gdynia, Poland. Balticon S.A. operates as a subsidiary of BLT Assets Sp. z o.o.
Stock analysis
Balticon (BLT) currently trades at 18.80 PLN, while our model-based Fair Value estimate is 32.09 PLN, implying the stock looks roughly 41.4% undervalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of 87.17 PLN per share, and 23 of the 26 models we run sit above the 18.80 PLN price.
Bear case: the Asset-Based group reads lowest at 14.02 PLN, and 3 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 23.82 PLN (bear) to 41.73 PLN (bull), the price of 18.80 PLN sits below 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 63/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Balticon reported revenue of 321M PLN in FY2025 versus 187M PLN in FY2021, a compound +14.4%/yr. Reported net income was 7.2M PLN in FY2025, compounding +13.2%/yr from FY2021.
Key figures
Market cap 58.4M PLN (≈ $14.8M) Micro · P/E ratio 7.9 · P/S ratio 0.16 · EPS (TTM) 2.38 PLN · Dividend yield 0.6% · Net margin 2.2% · Return on equity 11.5% · Return on assets (EBIT) 5.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 34% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at 71%, BLT screens cheaper than that median.
Fair Value models
Bear23.82 PLNFair Value 32.09 PLNBull41.73 PLN
Price 18.80 PLN · Upside +70.7%
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 (1.98 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.83/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+17.1%
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.
+12.3%
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.
+13.0%
Start year 2020 (pandemic)
Revenue growth 9 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.
+14.3%
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
+11.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.4%
Dividend (yield on the price)0.6%
Profit margin 2016 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.2% → 3%
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).
−19.9%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Poland: IMF forecast 3.1% a year to 2030, 4.6% from 2016 to 2025) that is about −22.3% a year for the price.
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Integrated Freight & Logistics · 210 stocks
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). "Balticon Fair Value". https://www.fairvalue-calculator.com/stock/BLT
Frequently asked questions
Is Balticon (BLT) overvalued or undervalued?
As of Oct 30, 2026, our model estimates a fair value of 32.09 PLN versus a price of 18.80 PLN, about +71% upside (undervalued).
What is the fair value of BLT?
Our model-based fair value for Balticon is 32.09 PLN (as of Oct 30, 2026), built from audited fundamentals. The current price: 18.80 PLN.
What is the quality score of BLT?
Balticon has a Quality Score of 63/100. 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 Balticon (BLT)?
Our model-based price target is the fair value of 32.09 PLN (as of Oct 30, 2026) from 26 valuation models. Cautious scenario 23.82 PLN, optimistic scenario 41.73 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Balticon stock forecast for 2026?
Our models put fair value at 32.09 PLN, about +71% upside versus a price of 18.80 PLN (undervalued). Cautious scenario 23.82 PLN, optimistic scenario 41.73 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Balticon (BLT)?
Balticon reported trailing-twelve-month revenue of about 357M PLN (latest available figure, as of Oct 30, 2026).
Does Balticon pay a dividend?
Balticon currently shows a dividend yield of 0.64% relative to its recent price (as of Oct 30, 2026).
What growth is priced into Balticon (BLT)?
For today's price to be fair in a discounted-cash-flow model, Balticon would have to grow free cash flow by -19.9 % per year for five years (discount rate 9.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.0 % per year. As of Oct 30, 2026.
What discount rate (WACC) does the fair value of BLT use?
Our models discount Balticon at 9.3 %: a base by market capitalisation (nano), damped by beta 0.46, country premium for Poland. 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 Balticon that is -19.9 % per year a year over ten years, using the same discount rate (9.3 %) and the same formula as our fair value.
How much growth has Balticon (BLT) delivered so far?
Over the past 5 years revenue at Balticon grew +13.0 % a year. The price currently implies -19.9 % 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 Balticon (BLT) growing?
The median revenue growth in the sector is +7.7 % a year. That is the yardstick for the growth priced into Balticon (-19.9 % 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 Balticon (BLT)?
The free-cash-flow yield on the price is 23.95 %: that much free cash flow Balticon produces per unit of market value. When it exceeds the discount rate of our models (9.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Balticon (BLT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Balticon it is 32.09 PLN per share (as of Oct 30, 2026), against a price of 18.80 PLN. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Balticon stock overvalued or undervalued in 2026?
As of Oct 30, 2026, BLT trades below its calculated fair value: price 18.80 PLN, fair value 32.09 PLN, a gap of about +71% (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 BLT?
No. The price is what the market pays today (18.80 PLN); the fair value is what the company's own numbers justify (32.09 PLN). For Balticon the two are 13.29 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Balticon worth?
The market values Balticon at about 58.4M PLN (market capitalisation, as of Oct 30, 2026). Per share that is 18.80 PLN; our models calculate a fair value of 32.09 PLN per share.
What do the bullish and bearish scenarios say about BLT?
Our models span a range for Balticon: cautious scenario 23.82 PLN, base 32.09 PLN, optimistic 41.73 PLN per share (as of Oct 30, 2026, price 18.80 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BLT?
Balticon trades at a price-to-earnings ratio of 7.9 (as of Oct 30, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 32.09 PLN is built from several models across several years. Other multiples: P/B 0.8, P/S 0.2, EV/EBITDA 2.6.
How solid is the balance sheet of Balticon (BLT)?
Balance-sheet figures for Balticon (as of Oct 30, 2026): return on equity 11.5%. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is BLT from its 52-week high?
Balticon trades at 18.80 PLN, about 34% below its 52-week high of 28.69 PLN and 3% above the low of 18.20 PLN (as of Oct 28, 2026). Distance from the high says nothing about value: that is what the fair value of 32.09 PLN is for.
Which stocks are comparable to Balticon?
From the same area (Industrials) we also value United Parcel Service, Inc, FedEx Corporation, Deutsche Post AG, DSV A/S, 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 Balticon stock attractive at the current price?
The data as of Oct 30, 2026: price 18.80 PLN, calculated fair value 32.09 PLN (+71%), Quality Score 63/100, from 26 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 BLT calculated?
We run Balticon through 26 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 32.09 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 13.4 % above its aggregate fair value. Balticon currently trades 41 % 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 Balticon (BLT)?
The closing price on Oct 28, 2026 was 18.80 PLN. Our model-based fair value is 32.09 PLN, about +71% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Balticon right now?
The price is below even our cautious bear case (23.82 PLN). The market is more pessimistic than our downside scenario. Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Balticon
How large is the market capitalisation of Balticon (BLT)?
The market capitalisation of Balticon is 58.4M PLN (≈ $14.8M). 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 Balticon (BLT)?
The price-to-sales ratio of Balticon is 0.16 (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 Balticon (BLT)?
Earnings per share at Balticon are 2.38 PLN (price ÷ EPS = P/E 7.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Balticon (BLT)?
The dividend yield of Balticon is 0.6% (payout 5.0%). 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 Balticon (BLT)?
The net margin of Balticon is 2.2% (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 Balticon (BLT)?
The return on equity (ROE) of Balticon is 11.5% (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 Balticon (BLT)?
On an EBIT basis the return on assets of Balticon is 5.1% (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 Balticon (BLT)?
The operating margin of Balticon is 1.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Balticon (BLT)?
Revenue at Balticon is growing +32.3% versus a year earlier (3y avg +12.3%). 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 Balticon (BLT)?
Earnings per share at Balticon are growing +608% versus a year earlier. How much earnings per share grew versus a year earlier.
Free · no account needed
Watch Balticon in the live analysis
One click puts Balticon on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 28,000+ stock screener.
