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Decora S.A (DCR) Fair Value & Analysis

Consumer Cyclical · PL · Market cap 758M PLN

DS Decora S.A DCR · WAR
Price73.70 PLN
Fair Value30.64 PLN
Upside-58.4%
Quality71/100
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Healthy Growth
Solidly profitable · 12.3% net margin
Low debt · generates free cash flow
Ranks above peers (10/15)
Wide moat 69/100
Evidence: High Range 19.57 PLN – 39.47 PLN Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from 28.61 PLN to 30.64 PLN (+7.1%) since Jul 15, 2026. Share price −1.7% over the past month.

A solid business, but screening 58% overvalued on our models.

What matters now

  • A high-quality business (quality 71/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (39.47 PLN). The favourable scenario is already priced in.
  • A fairly wide model range (19.57 PLN to 39.47 PLN) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

75.78 PLN 23.02 PLN Fair Value 30.64 PLN Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 23.02 PLN – 75.78 PLN · fair‑value band 19.57 PLN – 39.47 PLN · the 73.70 PLN price screens above the 30.64 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Decora S.A (DCR) currently trades at 73.70 PLN, while our model-based Fair Value estimate is 30.64 PLN, implying the stock looks roughly 58.4% overvalued today. The Quality Score stands at 71/100 (solid quality), in the Consumer Cyclical 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: high).

Over the trailing twelve months, Decora S.A generated revenue of 639M PLN at a net margin of 11.8%. Revenue grew 4.1% year over year. It earns a return on equity of 21.3%. Net debt stands at 40.0M PLN. Fundamentals as of Jul 18, 2026

Our scenario range runs from 19.57 PLN (bear case) to 39.47 PLN (bull case); at 73.70 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 9% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 16% fair-value upside, at -58%, DCR 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 66.45 PLN 101.25 PLN 148.72 PLN 80
Residual Income 42.89 PLN 54.48 PLN 145.50 PLN 76
Rev-Margin DCF 56.15 PLN 90.59 PLN 132.79 PLN 74
All 26 models by family
DCF Models
FCF DCF 66.77 PLN 104.71 PLN 158.98 PLN 38
Owner Earnings 68.63 PLN 107.60 PLN 163.33 PLN 31
5Y Revenue Exit 56.15 PLN 90.56 PLN 135.13 PLN 39
5Y EBITDA Exit 86.54 PLN 150.21 PLN 227.27 PLN 41
5Y P/E Exit 94.81 PLN 166.45 PLN 245.13 PLN 38
10Y Revenue Exit 58.11 PLN 89.55 PLN 133.50 PLN 36
10Y EBITDA Exit 77.62 PLN 128.41 PLN 200.72 PLN 37
10Y P/E Exit 82.54 PLN 138.98 PLN 213.75 PLN 35
Earnings-Based
Graham-Dodd 52.51 PLN 203.70 PLN 276.25 PLN 54
Lynch FV 49.94 PLN 71.35 PLN 92.75 PLN 50
PEG = 1.0 49.94 PLN 71.35 PLN 92.75 PLN 46
EPV 61.27 PLN 69.88 PLN 77.06 PLN 59
Dividend Discount
Gordon GGM 31.66 PLN 57.05 PLN 78.54 PLN 70
DDM Multi-Stage 31.66 PLN 52.11 PLN 60.94 PLN 61
Multiples
P/E Multiple 127.40 PLN 169.87 PLN 212.34 PLN 63
P/S Multiple 57.30 PLN 76.39 PLN 95.49 PLN 58
P/B Multiple 98.45 PLN 131.27 PLN 164.08 PLN 55
EV/EBIT 129.48 PLN 173.28 PLN 217.08 PLN 53
EV/EBITDA 110.50 PLN 147.97 PLN 185.44 PLN 54
EV/Revenue 51.56 PLN 74.48 PLN 97.40 PLN 43
Asset-Based
NCAV (Graham) 18.21 PLN 24.40 PLN 36.41 PLN 50
Growth DCF
Growth DCF 66.45 PLN 101.25 PLN 148.72 PLN 80
Rev-Margin DCF 56.15 PLN 90.59 PLN 132.79 PLN 74
Economic Profit
Residual Income 42.89 PLN 54.48 PLN 145.50 PLN 76
ROIC Compounder 66.40 PLN 83.30 PLN 103.10 PLN 72
Growth Earnings
Growth-Adj P/E 92.31 PLN 131.88 PLN 171.44 PLN 68

Widest divergence: Growth Earnings (131.88 PLN) versus Asset-Based (24.40 PLN). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 666M PLN
Revenue growth (YoY) +4.1%
Net margin 12.3%
Return on equity 21.1%
Free cash flow 71.3M PLN FY2025
P/E ratio 9.4
More key figures
Operating margin 15.9%
EPS (TTM) 7.76 PLN
EPS growth (YoY) +8.0%
Net debt 40.0M PLN FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 71/100

Of which business quality 69 · Market factors (momentum, volatility) 63

Profitability 80
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 63
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

Decora S.A. engages in the production, distribution, sale, and export of flooring products and accessories in Poland. The company offers vinyl flooring, underlays, skirting boards, and floor profiles. The company markets its products under the Arbiton, Afirmax, Vidella, and Ewifoam brands. Decora S.A.

Full company description

Decora S.A. engages in the production, distribution, sale, and export of flooring products and accessories in Poland. The company offers vinyl flooring, underlays, skirting boards, and floor profiles. The company markets its products under the Arbiton, Afirmax, Vidella, and Ewifoam brands. Decora S.A. was founded in 1994 and is based in Sroda Wielkopolska, Poland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Decora S.A reported revenue of 659M PLN in FY2025 versus 481M PLN in FY2021, a compound +8.2%/yr. Reported net income was 79.9M PLN in FY2025, compounding +4.6%/yr from FY2021.

Growth Quality 96/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
659M PLN
Latest YoY
+12.0%
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.
+6.5%
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.
+12.2%
Avg. growth/yr (20Y) 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 +8.2%/yr
FY21 481M PLN
FY22 546M PLN
FY23 571M PLN
FY24 588M PLN
FY25 659M PLN
Net income +4.6%/yr
FY21 66.7M PLN
FY22 40.6M PLN
FY23 66.9M PLN
FY24 81.0M PLN
FY25 79.9M PLN
Character of growth · EPS growth decomposed (2015-2025) +31.0 % p.a.
Revenue per share +14.6 pp

of which total revenue +13.7 pp · buybacks/dilution +0.9 pp

EBIT margin +11.0 pp
Tax rate +0.9 pp
Residual (interest, one-offs) +4.5 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).

DCR screens 58% overvalued. Compare with Midea Group →

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Cite: Fair Value Calculator (2026). "Decora S.A Fair Value". https://www.fairvalue-calculator.com/stock/DCR

Peer Group

Furnishings, Fixtures & Appliances · 311 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 71 · Top 25%
Fair Value upside −58% · Bottom 25%
Return on equity (TTM) 21% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 16% · Top 25%
Revenue growth 4% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.13× · Higher than median

Valuation Multiples vs Furnishings, Fixtures & Appliances median · lower = cheaper

P/E (TTM) 9.4× · Cheaper than 75% of peers
P/B 0.54× · Cheaper than median
P/S (TTM) 0.31× · Cheaper than median
P/FCF 2.9× · Pricier than median
EV/EBITDA 1.7× · Cheaper than 75% of peers
PEG 6.78× · Pricier 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 0 · sector 22
FUTURE 21 · sector 0
PAST 85 · sector 19
HEALTH 93 · sector 97
DIVIDEND 0 · sector 55

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 Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Midea Group 000333 ¥82.71 ¥107.22 +30%
Gree Electric Appliances, Inc 000651 ¥38.25 ¥88.02 +130%
Haier Smart Home Co 600690 ¥21.46 ¥36.04 +68%
King Slide Works Co 2059 8,655 TWD 1,917 TWD -78%
Guangdong Songfa Ceramics Co 603268 ¥155.59 ¥38.95 -75%
SharkNinja, Inc SN $154.53 $89.07 -42%
Hisense Home Appliances Group 000921 ¥26.33 ¥48.03 +82%
Zhejiang Supor Co 002032 ¥43.85 ¥44.84 +2%
COWAY Co 021240 96,700 KRW 112,530 KRW +16%
Ecovacs Robotics Co 603486 ¥50.13 ¥54.11 +8%

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Frequently asked questions

Is Decora S.A (DCR) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 30.64 PLN versus a price of 73.70 PLN, about −58% (overvalued).
What is the fair value of DCR?
Our model-based fair value for Decora S.A is 30.64 PLN (as of Jul 18, 2026), built from audited fundamentals. The current price is 73.70 PLN.
What is the quality score of DCR?
Decora S.A has a Quality Score of 71/100. 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 Decora S.A (DCR)?
Decora S.A reported trailing-twelve-month revenue of about 639M PLN (latest available figure, as of Jul 18, 2026).
What is the net profit margin of DCR?
The net profit margin of Decora S.A is about 11.8%, meaning it keeps roughly 11.8% of revenue as net income. Based on the latest reported figures.
Does Decora S.A pay a dividend?
Decora S.A currently shows a dividend yield of about 5.56% relative to its recent price (as of Jul 18, 2026).

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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