Cavatina Holding S.A. (CAV) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Cavatina Holding S.A. PLN 24.87, price PLN 13.00, upside +91.3%, quality 30 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 11.70 PLN – 25.19 PLN · the 13.00 PLN price screens below the 24.87 PLN 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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Cavatina Holding Spólka Akcyjna engages in the development of office spaces in Poland. The company was founded in 2017 and is headquartered in Kraków, Poland. Cavatina Holding Spólka Akcyjna operates as a subsidiary of Cavatina Group Spolka Akcyjna.
Stock analysis
Cavatina Holding S.A. (CAV) currently trades at 13.00 PLN, while our model-based Fair Value estimate is 24.87 PLN, implying the stock looks roughly 47.7% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 31.25 PLN per share, and 2 of the 5 models we run sit above the 13.00 PLN price.
Bear case: the Economic Profit group reads lowest at 24.46 PLN, and 3 of the 5 models stay below the price. Evidence for this calculation is medium.
Quality & growth
The Quality Score stands at 30/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Cavatina Holding S.A. reported revenue of 290M PLN in FY2025 versus 76.0M PLN in FY2021, a compound +39.8%/yr. Reported net income was 3.3M PLN in FY2025, compounding −63.6%/yr from FY2021.
Key figures
Market cap 331M PLN (≈ $86.0M) · P/E ratio 13.4 · P/S ratio 0.15 · EPS (TTM) 0.9700 PLN · Net margin 1.2% · Return on equity 2.1% · Return on assets (EBIT) 4.5% · Operating margin 45.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 33 out of 100 (medium confidence).
What moves the price
The share trades about 16% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 54% fair-value upside, at 91%, CAV screens cheaper than that median.
Fair Value models
Bear 24.87 PLNFair Value 24.87 PLNBull 24.87 PLN
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 (0.7122 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.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.52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+119.2%
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.
+51.9%
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.
+37.5%
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.
+47.4%
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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.
−17.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−17.3%
Dividend (yield on the price)0.0%
Profit margin 2018 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.1,055% → 34%
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 · 577 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score30 · Bottom 25%
Fair Value upside+91% · Top 25%
Profitability
Return on equity (TTM)2% · Below median
Return on assets2% · Above median
Net margin (TTM)8% · Above median
Operating margin (TTM)45% · Top 25%
Growth and dividend
Revenue growth48% · Top 25%
Balance sheet
Debt / equity1.61× · Highest 25%
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
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Is Cavatina Holding S.A. (CAV) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 24.87 PLN versus a price of 13.00 PLN, about +91% upside (undervalued).
What is the fair value of CAV?
Our model-based fair value for Cavatina Holding S.A. is 24.87 PLN (as of Sep 24, 2026), built from audited fundamentals. The current price: 13.00 PLN.
What is the quality score of CAV?
Cavatina Holding S.A. has a Quality Score of 30/100. 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 Cavatina Holding S.A. (CAV)?
Our model-based price target is the fair value of 24.87 PLN (as of Sep 24, 2026) from 6 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Cavatina Holding S.A. stock forecast for 2026?
Our models put fair value at 24.87 PLN, about +91% upside versus a price of 13.00 PLN (undervalued). The calculation is refreshed regularly with new filings.
What is the revenue of Cavatina Holding S.A. (CAV)?
Cavatina Holding S.A. reported trailing-twelve-month revenue of about 305M PLN (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Cavatina Holding S.A. (CAV)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cavatina Holding S.A. it is 24.87 PLN per share (as of Sep 24, 2026), against a price of 13.00 PLN. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Cavatina Holding S.A. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, CAV trades below its calculated fair value: price 13.00 PLN, fair value 24.87 PLN, a gap of about +91% (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 CAV?
No. The price is what the market pays today (13.00 PLN); the fair value is what the company's own numbers justify (24.87 PLN). For Cavatina Holding S.A. the two are 11.87 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Cavatina Holding S.A. worth?
The market values Cavatina Holding S.A. at about 331M PLN (market capitalisation, as of Sep 24, 2026). Per share that is 13.00 PLN; our models calculate a fair value of 24.87 PLN per share.
What is the P/E ratio of CAV?
Cavatina Holding S.A. trades at a price-to-earnings ratio of 13.4 (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 24.87 PLN is built from several models across several years. Other multiples: P/B 0.1, P/S 0.3, EV/EBITDA 16.8.
How solid is the balance sheet of Cavatina Holding S.A. (CAV)?
Balance-sheet figures for Cavatina Holding S.A. (as of Sep 24, 2026): return on equity 2.1%, debt of 1.61 per unit of equity. They feed the Quality Score of 30/100, which measures business quality independently of the share price.
How far is CAV from its 52-week high?
Cavatina Holding S.A. trades at 13.00 PLN, about 16% below its 52-week high of 15.45 PLN and 11% above the low of 11.70 PLN (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 24.87 PLN is for.
Which stocks are comparable to Cavatina Holding S.A.?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, 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 Cavatina Holding S.A. stock attractive at the current price?
The data as of Sep 24, 2026: price 13.00 PLN, calculated fair value 24.87 PLN (+91%), Quality Score 30/100, from 6 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 CAV calculated?
We run Cavatina Holding S.A. through 6 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 24.87 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 13.2 % above its aggregate fair value. Cavatina Holding S.A. currently trades 91 % 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 Cavatina Holding S.A. (CAV)?
The closing price on Sep 24, 2026 was 13.00 PLN. Our model-based fair value is 24.87 PLN, about +91% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cavatina Holding S.A. right now?
The large discount to fair value meets weak quality (30/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (24.87 PLN). The market is more pessimistic than our downside scenario. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Cavatina Holding S.A.
How large is the market capitalisation of Cavatina Holding S.A. (CAV)?
The market capitalisation of Cavatina Holding S.A. is 331M PLN (≈ $86.0M). 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 Cavatina Holding S.A. (CAV)?
The price-to-sales ratio of Cavatina Holding S.A. is 0.15 (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 Cavatina Holding S.A. (CAV)?
Earnings per share at Cavatina Holding S.A. are 0.9700 PLN (price ÷ EPS = P/E 13.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Cavatina Holding S.A. (CAV)?
The net margin of Cavatina Holding S.A. is 1.2% (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 Cavatina Holding S.A. (CAV)?
The return on equity (ROE) of Cavatina Holding S.A. is 2.1% (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 Cavatina Holding S.A. (CAV)?
On an EBIT basis the return on assets of Cavatina Holding S.A. is 4.5% (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 Cavatina Holding S.A. (CAV)?
The operating margin of Cavatina Holding S.A. is 45.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cavatina Holding S.A. (CAV)?
Revenue at Cavatina Holding S.A. is growing +47.6% versus a year earlier (3y avg +51.9%). 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 Cavatina Holding S.A. (CAV)?
Earnings per share at Cavatina Holding S.A. are growing +90.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Cavatina Holding S.A. (CAV) generate?
The free cash flow of Cavatina Holding S.A. is −221M 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 Cavatina Holding S.A. (CAV) carry?
The net debt of Cavatina Holding S.A. is 2.2B 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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