CFI Holding SA (CFI) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of CFI Holding SA PLN 0.24, price PLN 0.12, upside +98.4%, quality 59 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 0.1200 PLN – 0.3570 PLN · fair‑value band 0.1480 PLN – 0.4060 PLN · the 0.1210 PLN price screens below the 0.2400 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 3 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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CFI Holding S.A. engages in construction activities in Poland. The company operates in Hotels and Restaurants, Real Estate, and Chemicals segments. It engages in hotel and restaurant and catering activities; rental of real estate and apartments in the TBS system; and recreation, sports, and medical services sectors activities.
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CFI Holding S.A. engages in construction activities in Poland. The company operates in Hotels and Restaurants, Real Estate, and Chemicals segments. It engages in hotel and restaurant and catering activities; rental of real estate and apartments in the TBS system; and recreation, sports, and medical services sectors activities. The company is also involved in commercial activities; catering activities and operational support for hotel activities; and rental of construction machinery. In addition, it sells artificial fertilizers, plant protection products, dyes, and other chemicals. CFI Holding S.A. was founded in 1998 and is headquartered in Wroclaw, Poland.
Stock analysis
CFI Holding SA (CFI) currently trades at 0.1210 PLN, while our model-based Fair Value estimate is 0.2400 PLN, implying the stock looks roughly 49.6% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 0.2500 PLN per share, and 8 of the 11 models we run sit above the 0.1210 PLN price.
Bear case: the Multiples group reads lowest at 0.1000 PLN, and 3 of the 11 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.1480 PLN (bear) to 0.4060 PLN (bull), the price of 0.1210 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 59/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
CFI Holding SA reported revenue of 259M PLN in FY2025 versus 148M PLN in FY2021, a compound +15.0%/yr. Reported net income was 15.7M PLN in FY2025.
Key figures
Market cap 331M PLN (≈ $86.1M) · P/E ratio 12.1 · P/S ratio 0.73 · EPS (TTM) 0.0100 PLN · Dividend yield 0.1% · Net margin 6.1% · Return on equity 2.1% · Return on assets (EBIT) 1.5%.
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 29% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 16% fair-value upside, at 98%, CFI screens cheaper than that median.
Fair Value models
Bear 0.1480 PLNFair Value 0.2400 PLNBull 0.4060 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 (0.0073 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.90/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+0.5%
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.
+5.8%
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.
+14.4%
Start year 2020 (pandemic). Over 10 years: +9.6% a year
Revenue growth 17 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.
+7.8%
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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+17.2%
Dividend (yield on the price)0.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−19% vs −36%, picking up
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.−27% → 25%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 17.5%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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).
+5.6%
Yearly growth needed for the next five years to justify today's price.
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 +2.4% a year for the price.
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.Conglomerates · 377 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score59 · Top 25%
Fair Value upside+98% · Top 25%
Profitability
Return on equity (TTM)2% · Below median
Return on assets2% · Above median
Net margin (TTM)6% · Above median
Operating margin (TTM)11% · Above median
Growth and dividend
Revenue growth8% · Above median
Dividend yield (TTM)0.1% · Bottom 25%
Balance sheet
Debt / equity0.18× · Below median
Valuation Multiplesvs Conglomerates median · lower = cheaper
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Cite: Fair Value Calculator (2026). "CFI Holding SA Fair Value". https://www.fairvalue-calculator.com/stock/CFI
Frequently asked questions
Is CFI Holding SA (CFI) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 0.2400 PLN versus a price of 0.1210 PLN, about +98% upside (undervalued).
What is the fair value of CFI?
Our model-based fair value for CFI Holding SA is 0.2400 PLN (as of Sep 24, 2026), built from audited fundamentals. The current price: 0.1210 PLN.
What is the quality score of CFI?
CFI Holding SA has a Quality Score of 59/100. 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 CFI Holding SA (CFI)?
Our model-based price target is the fair value of 0.2400 PLN (as of Sep 24, 2026) from 11 valuation models. Cautious scenario 0.1480 PLN, optimistic scenario 0.4060 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the CFI Holding SA stock forecast for 2026?
Our models put fair value at 0.2400 PLN, about +98% upside versus a price of 0.1210 PLN (undervalued). Cautious scenario 0.1480 PLN, optimistic scenario 0.4060 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of CFI Holding SA (CFI)?
CFI Holding SA reported trailing-twelve-month revenue of about 264M PLN (latest available figure, as of Sep 24, 2026).
Does CFI Holding SA pay a dividend?
CFI Holding SA currently shows a dividend yield of about 0.07% relative to its recent price (as of Sep 24, 2026).
What growth is priced into CFI Holding SA (CFI)?
For today's price to be fair in a discounted-cash-flow model, CFI Holding SA would have to grow free cash flow by +5.6 % per year for five years (discount rate 12.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of CFI use?
Our models discount CFI Holding SA at 12.1 %: a base by market capitalisation (micro), damped by beta 0.11, 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 CFI Holding SA that is +5.6 % per year a year over ten years, using the same discount rate (12.1 %) and the same formula as our fair value.
How much growth has CFI Holding SA (CFI) delivered so far?
Over the past 5 years revenue at CFI Holding SA grew +14.5 % a year. The price currently implies +5.6 % 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 CFI Holding SA (CFI) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into CFI Holding SA (+5.6 % 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 CFI Holding SA (CFI)?
The free-cash-flow yield on the price is 11.84 %: that much free cash flow CFI Holding SA produces per unit of market value. When it exceeds the discount rate of our models (12.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of CFI Holding SA (CFI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CFI Holding SA it is 0.2400 PLN per share (as of Sep 24, 2026), against a price of 0.1210 PLN. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is CFI Holding SA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, CFI trades below its calculated fair value: price 0.1210 PLN, fair value 0.2400 PLN, a gap of about +98% (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 CFI?
No. The price is what the market pays today (0.1210 PLN); the fair value is what the company's own numbers justify (0.2400 PLN). For CFI Holding SA the two are 0.1190 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is CFI Holding SA worth?
The market values CFI Holding SA at about 331M PLN (market capitalisation, as of Sep 24, 2026). Per share that is 0.1210 PLN; our models calculate a fair value of 0.2400 PLN per share.
What do the bullish and bearish scenarios say about CFI?
Our models span a range for CFI Holding SA: cautious scenario 0.1480 PLN, base 0.2400 PLN, optimistic 0.4060 PLN per share (as of Sep 24, 2026, price 0.1210 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CFI?
CFI Holding SA trades at a price-to-earnings ratio of 12.1 (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 0.2400 PLN is built from several models across several years. Other multiples: P/B 0.1, P/S 0.3, EV/EBITDA 4.0.
How solid is the balance sheet of CFI Holding SA (CFI)?
Balance-sheet figures for CFI Holding SA (as of Sep 24, 2026): return on equity 2.1%, debt of 0.18 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is CFI from its 52-week high?
CFI Holding SA trades at 0.1210 PLN, about 29% below its 52-week high of 0.1700 PLN and 1% above the low of 0.1200 PLN (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 0.2400 PLN is for.
Which stocks are comparable to CFI Holding SA?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, CITIC Limited, Poste Italiane S.p.A, 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 CFI Holding SA stock attractive at the current price?
The data as of Sep 24, 2026: price 0.1210 PLN, calculated fair value 0.2400 PLN (+98%), Quality Score 59/100, from 11 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 CFI calculated?
We run CFI Holding SA through 11 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 0.2400 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 14.0 % above its aggregate fair value. CFI Holding SA currently trades 98 % 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 CFI Holding SA (CFI)?
The closing price on Sep 24, 2026 was 0.1210 PLN. Our model-based fair value is 0.2400 PLN, about +98% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CFI Holding SA right now?
The price is below even our cautious bear case (0.1480 PLN). The market is more pessimistic than our downside scenario. The model range is unusually wide (0.1480 PLN to 0.4060 PLN). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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 (59/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of CFI Holding SA (CFI) come from?
Earnings per share at CFI Holding SA grew −35.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share −26.4 %, EBIT margin −10.1 %, tax rate −0.4 %, residual (interest, one-offs) −2.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of CFI Holding SA
How large is the market capitalisation of CFI Holding SA (CFI)?
The market capitalisation of CFI Holding SA is 331M PLN (≈ $86.1M). 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 CFI Holding SA (CFI)?
The price-to-sales ratio of CFI Holding SA is 0.73 (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 CFI Holding SA (CFI)?
Earnings per share at CFI Holding SA are 0.0100 PLN (price ÷ EPS = P/E 12.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of CFI Holding SA (CFI)?
The dividend yield of CFI Holding SA is 0.1% (payout 0.9%). 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 CFI Holding SA (CFI)?
The net margin of CFI Holding SA is 6.1% (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 CFI Holding SA (CFI)?
The return on equity (ROE) of CFI Holding SA 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 CFI Holding SA (CFI)?
On an EBIT basis the return on assets of CFI Holding SA is 1.5% (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 CFI Holding SA (CFI)?
The operating margin of CFI Holding SA is 11.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CFI Holding SA (CFI)?
Revenue at CFI Holding SA is growing +7.6% versus a year earlier (3y avg +5.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does CFI Holding SA (CFI) carry?
The net debt of CFI Holding SA is 193M PLN (fiscal year 2025, ≈ 4.9 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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