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CFI Holding (CFI) Fair Value & Analysis

Industrials · PL · Market cap 341M PLN

CH CFI Holding CFI · WAR
Price0.1360 PLN
Fair Value0.0200 PLN
Upside-85.3%
Quality59/100
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Healthy Growth
Thin margins · 6.2% net margin
Low debt · generates free cash flow
Ranks above peers (10/13)
Narrow moat 38/100
Evidence: Medium Range 0.0200 PLN – 0.0300 PLN Share as image

Fair value as of: Jul 16, 2026

From 11 valuation models · updated 26 days ago

Fair value updated Jul 16, 2026, revised from 0.1000 PLN to 0.0200 PLN (−80.0%) since Jun 26, 2026. Share price +1.5% over the past month.

A solid business, but screening 85% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.0300 PLN). The favourable scenario is already priced in.
  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

0.3570 PLN 0.1220 PLN Fair Value 0.0200 PLN Dec 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 0.1220 PLN – 0.3570 PLN · fair‑value band 0.0200 PLN – 0.0300 PLN · the 0.1360 PLN price screens above the 0.0200 PLN fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

CFI Holding (CFI) currently trades at 0.1360 PLN, while our model-based Fair Value estimate is 0.0200 PLN, implying the stock looks roughly 85.3% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, CFI Holding generated revenue of 259M PLN at a net margin of 8.2%. Revenue declined 15.1% year over year. It earns a return on equity of 2.1%. Net debt stands at 193M PLN. Fundamentals as of Jul 16, 2026

Our scenario range runs from 0.0200 PLN (bear case) to 0.0300 PLN (bull case); at 0.1360 PLN, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 20% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -14% fair-value upside, at -85%, CFI screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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
Highest evidence
Growth DCF 0.1200 PLN 0.2500 PLN 0.4700 PLN 80
Residual Income 0.2100 PLN 0.2000 PLN 0.1400 PLN 76
Rev-Margin DCF 0.0900 PLN 0.2200 PLN 0.4100 PLN 74
All 11 models by family
DCF Models
Owner Earnings 0.0500 PLN 0.1500 PLN 0.3400 PLN 31
5Y P/E Exit 0.0700 PLN 0.1700 PLN 0.2900 PLN 38
10Y P/E Exit 0.0900 PLN 0.1900 PLN 0.3600 PLN 35
Earnings-Based
Graham-Dodd 0.0400 PLN 0.2700 PLN 0.3800 PLN 54
Lynch FV 0.0800 PLN 0.1200 PLN 0.1500 PLN 50
Multiples
P/E Multiple 0.0900 PLN 0.1200 PLN 0.1500 PLN 63
P/B Multiple 0.0700 PLN 0.1000 PLN 0.1200 PLN 55
Asset-Based
NCAV (Graham) 0.1600 PLN 0.2200 PLN 0.3300 PLN 50
Growth DCF
Growth DCF 0.1200 PLN 0.2500 PLN 0.4700 PLN 80
Rev-Margin DCF 0.0900 PLN 0.2200 PLN 0.4100 PLN 74
Economic Profit
Residual Income 0.2100 PLN 0.2000 PLN 0.1400 PLN 76

Widest divergence: Asset-Based (0.2200 PLN) versus Multiples (0.1000 PLN). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 259M PLN
Revenue growth (YoY) -15.1%
Net margin 8.2%
Return on equity 2.1%
Free cash flow 39.2M PLN FY2025
P/E ratio 13.7
More key figures
Operating margin 3.9%
EPS (TTM) 0.0100 PLN
EPS growth (YoY) -57.6%
Net debt 193M PLN FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 56 · Market factors (momentum, volatility) 33

Profitability 17
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 81
Earnings quality: real cash, not paper profit
Fin. Strength 38
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 19
Distance to the 52-week high (market factor)
Net Issuance 86
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CFI Holding 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.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
259M PLN
Latest YoY
+0.5%
Avg. growth/yr (3Y) 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.
+5.8%
Avg. growth/yr (5Y) 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.
+14.4%
Avg. growth/yr (17Y) 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.
+7.8%
Revenue +15.0%/yr
FY21 148M PLN
FY22 219M PLN
FY23 235M PLN
FY24 258M PLN
FY25 259M PLN
Net income
FY21 −245M PLN
FY22 −5.8M PLN
FY23 60.3M PLN
FY24 15.6M PLN
FY25 15.7M PLN
Character of growth · EPS growth decomposed (2014-2025) −35.9 % p.a.
Revenue per share −26.4 pp

of which total revenue +14.1 pp · buybacks/dilution −40.5 pp

EBIT margin −10.1 pp
Tax rate −0.4 pp
Residual (interest, one-offs) +0.9 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

CFI screens 85% overvalued. Compare with CITIC Limited →

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Cite: Fair Value Calculator (2026). "CFI Holding Fair Value". https://www.fairvalue-calculator.com/stock/CFI

Peer Group

Conglomerates · 369 stocks

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.

Quality Score 59 · Top 25%
Fair Value upside −85% · Bottom 25%
Return on equity (TTM) 2% · Below median
Return on assets 2% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 11% · Above median
Revenue growth 8% · Above median
Debt / equity 0.18× · Lower than median

Valuation Multiples vs Conglomerates median · lower = cheaper

P/E (TTM) 12.4× · Cheaper than median
P/B 0.10× · Cheaper than 75% of peers
P/S (TTM) 0.35× · Cheaper than median
P/FCF 2.3× · Pricier than median
EV/EBITDA 4.1× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 20
FUTURE 38 · sector 16
PAST 9 · sector 20
HEALTH 91 · sector 88
DIVIDEND 0 · sector 39

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Conglomerates stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

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The Siam Cement Public Company SCC 254.00 THB 199.40 THB -21%
SRF Limited SRF ₹2,875 ₹1,053 -63%
Empresas Copec S.A COPEC 6,330 CLP 10,879 CLP +72%
Posco International Corporation 047050 50,900 KRW 61,248 KRW +20%
Tube Investments of India Limited TIINDIA ₹2,940 ₹559.30 -81%
Doosan Corporation 000155 464,000 KRW 75,620 KRW -84%
Thermax Limited THERMAX ₹4,809 ₹1,087 -77%

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Frequently asked questions

Is CFI Holding (CFI) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 0.0200 PLN versus a price of 0.1360 PLN, about −85% (overvalued).
What is the fair value of CFI?
Our model-based fair value for CFI Holding is 0.0200 PLN (as of Jul 16, 2026), built from audited fundamentals. The current price is 0.1360 PLN.
What is the quality score of CFI?
CFI Holding 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 revenue of CFI Holding (CFI)?
CFI Holding reported trailing-twelve-month revenue of about 259M PLN (latest available figure, as of Jul 16, 2026).
What is the net profit margin of CFI?
The net profit margin of CFI Holding is about 8.2%, meaning it keeps roughly 8.2% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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