Cavatina Holding S.A. (CAV) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Cavatina Holding S.A. stock PLN 24.87, price PLN 12.60, upside +97.4%, quality 30 out of 100. Rating: strongly undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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 Nov 7, 2026.
How to read this chart
60‑month range 11.70 PLN – 25.19 PLN · fair‑value band 22.84 PLN – 28.29 PLN · the 12.60 PLN price screens below the 24.87 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 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 12.60 PLN, while our model-based Fair Value estimate is 24.87 PLN, implying the stock looks roughly 49% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 29.07 PLN per share, and 3 of the 4 models we run sit above the 12.60 PLN price.
Bear case: the Multiples group reads lowest at 9.70 PLN, and 1 of the 4 models stay below the price. Data coverage for this calculation is low.
Scenario range: 22.84 PLN (bear) to 28.29 PLN (bull), the price of 12.60 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 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 316M PLN (≈ $80.7M) Micro · P/S ratio 0.93 · EPS (TTM) −0.2200 PLN · Net margin −1.6% · Return on equity −0.5% · Return on assets (EBIT) 4.5% (5-year average) · Operating margin 23.9% · Revenue (TTM) 344M PLN.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 18% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 33% fair-value upside, at 97%, CAV screens cheaper than that median.
Fair Value models
Bear22.84 PLNFair Value 24.87 PLNBull28.29 PLN
Price 12.60 PLN · Upside +97.4%
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.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.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 · 489 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score30 · Bottom 25%
Fair Value upside+97.4% · Above median
Profitability
Return on assets0.1% · Bottom 25%
Net margin (12 months)−1.6% · Bottom 25%
Operating margin (12 months)23.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)−28.7% · Below median
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 Nov 7, 2026, our model estimates a fair value of 24.87 PLN versus a price of 12.60 PLN, about +97% 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 Nov 7, 2026), built from audited fundamentals. The current price: 12.60 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 Nov 7, 2026) from 6 valuation models. Cautious scenario 22.84 PLN, optimistic scenario 28.29 PLN. 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 +97% upside versus a price of 12.60 PLN (undervalued). Cautious scenario 22.84 PLN, optimistic scenario 28.29 PLN. 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 344M PLN (latest available figure, as of Nov 7, 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 Nov 7, 2026), against a price of 12.60 PLN. It is the blended result of 6 valuation models in 3 families (Multiples, Asset-Based, Economic Profit).
Is Cavatina Holding S.A. stock overvalued or undervalued in 2026?
As of Nov 7, 2026, CAV trades below its calculated fair value: price 12.60 PLN, fair value 24.87 PLN, a gap of about +97% (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 (12.60 PLN); the fair value is what the company's own numbers justify (24.87 PLN). For Cavatina Holding S.A. the two are 12.27 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 316M PLN (market capitalisation, as of Nov 7, 2026). Per share that is 12.60 PLN; our models calculate a fair value of 24.87 PLN per share.
What do the bullish and bearish scenarios say about CAV?
Our models span a range for Cavatina Holding S.A.: cautious scenario 22.84 PLN, base 24.87 PLN, optimistic 28.29 PLN per share (as of Nov 7, 2026, price 12.60 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Cavatina Holding S.A. (CAV)?
Balance-sheet figures for Cavatina Holding S.A. (as of Nov 7, 2026): return on equity −0.5%, 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 12.60 PLN, about 18% below its 52-week high of 15.45 PLN and 5% above the low of 12.00 PLN (as of Nov 6, 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, CK Asset Holdings, DLF Limited, 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 Nov 7, 2026: price 12.60 PLN, calculated fair value 24.87 PLN (+97%), 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 3 families: Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 24.87 PLN builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Cavatina Holding S.A. currently trades 49% 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 Nov 6, 2026 was 12.60 PLN. Our model-based fair value is 24.87 PLN, about +97% 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 (22.84 PLN). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. 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 316M PLN (≈ $80.7M). 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 0.93 (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 Cavatina Holding S.A. (CAV)?
Earnings per share at Cavatina Holding S.A. are −0.2200 PLN. 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 −1.6% (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 Cavatina Holding S.A. (CAV)?
The return on equity (ROE) of Cavatina Holding S.A. is −0.5% (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 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 23.9% (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 −28.7% 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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Thin data
Nov 7, 2026