Dino Polska S.A. (DNOPF) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Dino Polska S.A. $8.59, price $9.42, upside -8.8%, quality 45 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 Oct 3, 2026.
How to read this chart
37‑month range $7.57 – $1,000,000 · fair‑value band $5.59 – $12.32 · the $9.42 price screens above the $8.59 fair value. Dashed = 300-day average. As of Oct 3, 2026.
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Dino Polska S.A., together with its subsidiaries, operates a network of medium-sized grocery supermarkets under the Dino brand in Poland.
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Dino Polska S.A., together with its subsidiaries, operates a network of medium-sized grocery supermarkets under the Dino brand in Poland. The company stores offer fresh food products, such as meat, poultry, cold cuts, fruits and vegetables, dairy products, and bread; other groceries, including children's food, breakfast products, ready to eat meals, beverages, candies, snacks, frozen goods, processed goods, oils, grain and bulk products, condiments, and alcohol and cigarettes; and non-grocery products comprising flowers, cleaning agents, sanitary articles, pet food, seasonal products, and small household appliances. It also produces meat products; rents and operates owned and leased real estate; purchases and sells real estate properties; and manufactures and processes refined petroleum products, as well as offers other financial services. In addition, it engages in the retail sale of automotive fuel in specialized stores; operation of warehousing and storage facilities; retail sales run by mail order houses or the internet; and advertising agency activities. The company was founded in 1999 and is based in Krotoszyn, Poland.
Stock analysis
Dino Polska S.A. (DNOPF) currently trades at $9.42, while our model-based Fair Value estimate is $8.59, so the stock looks roughly fairly valued today (gap 9.7%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $11.27 per share, and 7 of the 23 models we run sit above the $9.42 price.
Bear case: the Asset-Based group reads lowest at $1.52, and 16 of the 23 models stay below the price. Evidence for this calculation is medium.
Scenario range: $5.59 (bear) to $12.32 (bull), the price of $9.42 sits inside 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 45/100 (below-average quality), in the Consumer Defensive sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Dino Polska S.A. reported revenue of 33.6B PLN in FY2025 versus 13.4B PLN in FY2021, a compound +26.0%/yr. Reported net income was 1.6B PLN in FY2025, compounding +17.9%/yr from FY2021.
Key figures
Market cap $9.2B · P/E ratio 21.9 · P/S ratio 1.02 · EPS (TTM) $0.4300 · Net margin 4.6% · Return on equity 19.1% · Return on assets (EBIT) 15.6% · Revenue (TTM) 32.5B PLN.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 36% below its 52-week high and 24% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 8% fair-value upside, at −9%, DNOPF screens richer than that median.
Fair Value models
Bear $5.59Fair Value $8.59Bull $12.32
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 ($0.3252 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. 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.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.81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+14.9%
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.
+19.3%
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.
+27.1%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
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.
−26.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−26.5%
Dividend (yield on the price)0.0%
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.8% → 6%
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as the company has delivered so far and more than analysts expect.
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).
+26.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+14.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in PLN, Poland: IMF forecast 3.1% a year to 2030, 4.6% from 2016 to 2025) that is about +22.2% a year for the price and +10.6% for the forecasts.
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.Grocery Stores · 71 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score45 · Bottom 25%
Fair Value upside−73.6% · Bottom 25%
Profitability
Return on equity (TTM)19.1% · Top 25%
Return on assets9.2% · Top 25%
Net margin (TTM)4.5% · Top 25%
Operating margin (TTM)0.0% · Bottom 25%
Growth and dividend
Revenue growth14.8% · Top 25%
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Grocery Stores median · lower = cheaper
P/E (TTM)21.9× · Pricier than median
P/B4.15× · Priciest 25%
P/S (TTM)1.10× · Priciest 25%
P/FCF58.8× · Priciest 25%
EV/EBITDA13.7× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 39
FUTURE (revenue growth)74· sector 17
PAST (return on equity)76· sector 53
HEALTH (low debt)98· sector 90
DIVIDEND (yield)0· sector 61
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Dino Polska S.A. Fair Value". https://www.fairvalue-calculator.com/stock/DNOPF
Frequently asked questions
Is Dino Polska S.A. (DNOPF) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of $8.59 versus the last price from Sep 25, 2026 of $9.42, about −9% upside (fairly valued).
What is the fair value of DNOPF?
Our model-based fair value for Dino Polska S.A. is $8.59 (as of Oct 3, 2026), built from audited fundamentals. Last price (from Sep 25, 2026): $9.42.
What is the quality score of DNOPF?
Dino Polska S.A. has a Quality Score of 45/100. 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 Dino Polska S.A. (DNOPF)?
Our model-based price target is the fair value of $8.59 (as of Oct 3, 2026) from 23 valuation models. Cautious scenario $5.59, optimistic scenario $12.32. It is a calculation from audited fundamentals, not an analyst target.
What is the Dino Polska S.A. stock forecast for 2026?
Our models put fair value at $8.59, about −9% upside versus the last price from Sep 25, 2026 of $9.42 (fairly valued). Cautious scenario $5.59, optimistic scenario $12.32. The calculation is refreshed regularly with new filings.
What is the revenue of Dino Polska S.A. (DNOPF)?
Dino Polska S.A. reported trailing-twelve-month revenue of about 32.5B PLN (latest available figure, as of Oct 3, 2026).
What growth is priced into Dino Polska S.A. (DNOPF)?
For today's price to be fair in a discounted-cash-flow model, Dino Polska S.A. would have to grow free cash flow by +26.1 % per year for five years (discount rate 8.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +27.1 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of DNOPF use?
Our models discount Dino Polska S.A. at 8.5 %: a base by market capitalisation (mid), damped by beta 0.45, country premium for USA. 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 Dino Polska S.A. that is +26.1 % per year a year over ten years, using the same discount rate (8.5 %) and the same formula as our fair value.
How much growth has Dino Polska S.A. (DNOPF) delivered so far?
Over the past 5 years revenue at Dino Polska S.A. grew +27.1 % a year. The price currently implies +26.1 % 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 Dino Polska S.A. (DNOPF) growing?
The median revenue growth in the sector is +0.6 % a year. That is the yardstick for the growth priced into Dino Polska S.A. (+26.1 % 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 Dino Polska S.A. (DNOPF)?
The free-cash-flow yield on the price is 1.70 %: that much free cash flow Dino Polska S.A. produces per unit of market value. When it exceeds the discount rate of our models (8.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Dino Polska S.A. (DNOPF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dino Polska S.A. it is $8.59 per share (as of Oct 3, 2026), against a price of $9.42. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Dino Polska S.A. stock overvalued or undervalued in 2026?
As of Oct 3, 2026, DNOPF trades above its calculated fair value: price $9.42, fair value $8.59, a gap of about −9% (fairly valued). 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 DNOPF?
No. The price is what the market pays today ($9.42); the fair value is what the company's own numbers justify ($8.59). For Dino Polska S.A. the two are $0.8300 per share apart. That gap is exactly why we show both numbers side by side.
How much is Dino Polska S.A. worth?
The market values Dino Polska S.A. at about $9.2B (market capitalisation, as of Oct 3, 2026). Per share that is $9.42; our models calculate a fair value of $8.59 per share.
What do the bullish and bearish scenarios say about DNOPF?
Our models span a range for Dino Polska S.A.: cautious scenario $5.59, base $8.59, optimistic $12.32 per share (as of Oct 3, 2026, price $9.42). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DNOPF?
Dino Polska S.A. trades at a price-to-earnings ratio of 21.9 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $8.59 is built from several models across several years. Other multiples: P/B 4.2, P/S 1.1, EV/EBITDA 13.7.
How solid is the balance sheet of Dino Polska S.A. (DNOPF)?
Balance-sheet figures for Dino Polska S.A. (as of Oct 3, 2026): return on equity 19.1%, debt of 0.04 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is DNOPF from its 52-week high?
Dino Polska S.A. trades at $9.42, about 36% below its 52-week high of $14.69 and 24% above the low of $7.57 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of $8.59 is for.
Which stocks are comparable to Dino Polska S.A.?
From the same area (Consumer Defensive) we also value Loblaw Companies Limited, The Kroger Co, Woolworths Group, Koninklijke Ahold Delhaize N.V, 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 Dino Polska S.A. stock attractive at the current price?
The data as of Oct 3, 2026: price $9.42, calculated fair value $8.59 (−9%), Quality Score 45/100, from 23 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 DNOPF calculated?
We run Dino Polska S.A. through 23 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 $8.59, 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 14.5 % above its aggregate fair value. Dino Polska S.A. itself currently trades above fair value. 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 Dino Polska S.A. (DNOPF)?
The latest price we hold is from Sep 25, 2026 and stands at $9.42. Our model-based fair value is $8.59, about −9% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dino Polska S.A. right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($5.59 to $12.32) leaves room in how you read the outcome.
Key figures of Dino Polska S.A.
How large is the market capitalisation of Dino Polska S.A. (DNOPF)?
The market capitalisation of Dino Polska S.A. is $9.2B. 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 Dino Polska S.A. (DNOPF)?
The price-to-sales ratio of Dino Polska S.A. is 1.02 (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 Dino Polska S.A. (DNOPF)?
Earnings per share at Dino Polska S.A. are $0.4300 (price ÷ EPS = P/E 21.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Dino Polska S.A. (DNOPF)?
The net margin of Dino Polska S.A. is 4.6% (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 Dino Polska S.A. (DNOPF)?
The return on equity (ROE) of Dino Polska S.A. is 19.1% (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 Dino Polska S.A. (DNOPF)?
On an EBIT basis the return on assets of Dino Polska S.A. is 15.6% (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.
How fast is revenue growing at Dino Polska S.A. (DNOPF)?
Revenue at Dino Polska S.A. is growing +14.8% versus a year earlier (3y avg +19.3%). 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 Dino Polska S.A. (DNOPF)?
Earnings per share at Dino Polska S.A. are growing +0.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Dino Polska S.A. (DNOPF) carry?
The net debt of Dino Polska S.A. is 117M PLN (fiscal year 2024, ≈ 0.2 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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Some data
Oct 3, 2026