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Tire Company (DBC) Fair Value & Analysis

Consumer Cyclical · PL · Market cap 1.4B PLN

TC Tire Company DBC · WAR
Price99.80 PLN
Fair Value134.39 PLN
Upside+34.7%
Quality65/100
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Healthy Growth
Thin margins · 4.0% net margin
Low debt · generates free cash flow
Ranks above peers (10/14)
Narrow moat 38/100
Evidence: High Range 89.49 PLN – 183.71 PLN Share as image

Fair value as of: Jul 12, 2026

From 23 valuation models · updated 29 days ago

Share price +1.7% over the past month.

A solid business, screening 35% undervalued on our models.

What matters now

  • Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (89.49 PLN to 183.71 PLN) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

99.80 PLN 40.15 PLN Fair Value 134.39 PLN Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range 40.15 PLN – 99.80 PLN · fair‑value band 89.49 PLN – 183.71 PLN · the 99.80 PLN price screens below the 134.39 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Tire Company (DBC) currently trades at 99.80 PLN, while our model-based Fair Value estimate is 134.39 PLN, implying the stock looks roughly 34.7% undervalued today. The Quality Score stands at 65/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Tire Company generated revenue of 2.9B PLN at a net margin of 4.0%. Revenue declined 8.2% year over year. It earns a return on equity of 8.9%. The balance sheet holds a net cash position of 25.4M PLN. Fundamentals as of Jul 12, 2026

Our scenario range runs from 89.49 PLN (bear case) to 183.71 PLN (bull case); at 99.80 PLN, the current price sits within 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 near its 52-week high and 29% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at 35%, DBC screens cheaper 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 57.88 PLN 73.06 PLN 92.14 PLN 80
Residual Income 84.06 PLN 89.79 PLN 97.15 PLN 76
Rev-Margin DCF 75.23 PLN 113.74 PLN 155.44 PLN 74
All 23 models by family
DCF Models
FCF DCF 56.71 PLN 73.00 PLN 94.50 PLN 38
5Y Revenue Exit 75.23 PLN 113.04 PLN 161.23 PLN 39
5Y EBITDA Exit 109.16 PLN 171.91 PLN 244.33 PLN 41
5Y P/E Exit 100.72 PLN 157.27 PLN 215.32 PLN 38
10Y Revenue Exit 64.57 PLN 94.52 PLN 130.33 PLN 36
10Y EBITDA Exit 85.93 PLN 130.41 PLN 183.60 PLN 37
10Y P/E Exit 81.15 PLN 121.49 PLN 165.00 PLN 35
Earnings-Based
Graham-Dodd 61.57 PLN 122.89 PLN 154.33 PLN 54
EPV 72.34 PLN 81.75 PLN 89.59 PLN 59
Dividend Discount
Gordon GGM 80.02 PLN 107.82 PLN 133.20 PLN 70
DDM Multi-Stage 80.02 PLN 106.40 PLN 133.24 PLN 61
Multiples
P/E Multiple 149.41 PLN 199.21 PLN 249.01 PLN 63
P/S Multiple 115.45 PLN 153.94 PLN 192.42 PLN 58
P/B Multiple 115.45 PLN 153.94 PLN 192.42 PLN 55
EV/EBIT 139.73 PLN 185.19 PLN 230.64 PLN 53
EV/EBITDA 169.63 PLN 225.05 PLN 280.48 PLN 54
EV/Revenue 95.29 PLN 134.68 PLN 174.08 PLN 43
Asset-Based
NCAV (Graham) 51.93 PLN 69.59 PLN 103.87 PLN 50
Growth DCF
Growth DCF 57.88 PLN 73.06 PLN 92.14 PLN 80
Rev-Margin DCF 75.23 PLN 113.74 PLN 155.44 PLN 74
Economic Profit
Residual Income 84.06 PLN 89.79 PLN 97.15 PLN 76
ROIC Compounder 72.34 PLN 81.75 PLN 89.59 PLN 72
Growth Earnings
Growth-Adj P/E 107.98 PLN 154.26 PLN 200.53 PLN 68

Widest divergence: Growth Earnings (154.26 PLN) versus Asset-Based (69.59 PLN). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 2.9B PLN
Revenue growth (YoY) -8.2%
Net margin 4.0%
Return on equity 8.9%
Free cash flow 85.5M PLN FY2025
P/E ratio 10.6
More key figures
Operating margin 5.3%
EPS (TTM) 8.36 PLN
EPS growth (YoY) -22.4%
Net cash 25.4M PLN FY2024

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 63 · Market factors (momentum, volatility) 79

Profitability 44
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 40
Earnings quality: real cash, not paper profit
Fin. Strength 77
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 64
Price trend over the last 3–12 months (market factor)
52W Momentum 81
Distance to the 52-week high (market factor)
Net Issuance 82
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

Tire Company Debica S.A. manufactures and sells tires for passenger cars, vans, and trucks under the Debica, Goodyear, Dunlop, Fulda, and Sava brands in Poland. It also offers curing membranes to produce tires. The company exports tires to Luxembourg, Germany, Turkey, the United States, Canada, and France.

Full company description

Tire Company Debica S.A. manufactures and sells tires for passenger cars, vans, and trucks under the Debica, Goodyear, Dunlop, Fulda, and Sava brands in Poland. It also offers curing membranes to produce tires. The company exports tires to Luxembourg, Germany, Turkey, the United States, Canada, and France. The company was formerly known as Firma Oponiarska Debica S.A. Tire Company Debica S.A. was founded in 1937 and is based in Debica, Poland. Tire Company Debica S.A. operates as a subsidiary of Goodyear S.A.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tire Company reported revenue of 2.9B PLN in FY2025 versus 2.3B PLN in FY2021, a compound +5.6%/yr. Reported net income was 125M PLN in FY2025, compounding +30.8%/yr from FY2021.

Growth Quality 76/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
2.9B PLN
Latest YoY
+15.7%
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.
−3.8%
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.
+9.9%
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.
+4.1%
Revenue +5.6%/yr
FY21 2.3B PLN
FY22 3.3B PLN
FY23 3.0B PLN
FY24 2.5B PLN
FY25 2.9B PLN
Net income +30.8%/yr
FY21 42.7M PLN
FY22 72.6M PLN
FY23 284M PLN
FY24 77.8M PLN
FY25 125M PLN

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Cite: Fair Value Calculator (2026). "Tire Company Fair Value". https://www.fairvalue-calculator.com/stock/DBC

Peer Group

Auto Parts · 641 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 65 · Top 25%
Fair Value upside +35% · Top 25%
Return on equity (TTM) 9% · Above median
Return on assets 4% · Above median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 5% · Below median
Revenue growth -8% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Auto Parts median · lower = cheaper

P/E (TTM) 11.7× · Cheaper than 75% of peers
P/B 0.25× · Cheaper than 75% of peers
P/S (TTM) 0.13× · Cheaper than 75% of peers
P/FCF 4.3× · Pricier than median
EV/EBITDA 1.3× · Cheaper than 75% of peers

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 80 · sector 17
FUTURE 0 · sector 24
PAST 36 · sector 26
HEALTH 100 · sector 95
DIVIDEND 0 · sector 30

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.

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Frequently asked questions

Is Tire Company (DBC) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 134.39 PLN versus a price of 99.80 PLN, about +35% (undervalued).
What is the fair value of DBC?
Our model-based fair value for Tire Company is 134.39 PLN (as of Jul 12, 2026), built from audited fundamentals. The current price is 99.80 PLN.
What is the quality score of DBC?
Tire Company has a Quality Score of 65/100. 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 Tire Company (DBC)?
Tire Company reported trailing-twelve-month revenue of about 2.9B PLN (latest available figure, as of Jul 12, 2026).
What is the net profit margin of DBC?
The net profit margin of Tire Company is about 4.0%, meaning it keeps roughly 4.0% 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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