Esotiq & Henderson S.A. (EAH) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Esotiq & Henderson S.A. PLN 72.77, price PLN 37.60, upside +93.5%, quality 48 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 16.49 PLN – 57.19 PLN · fair‑value band 50.94 PLN – 94.60 PLN · the 37.60 PLN price screens below the 72.77 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 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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ESOTIQ & Henderson S.A. designs, manufactures, and sells lingerie, clothing, and cosmetics in Poland and internationally. It offers its products under the ESOTIQ and HENDERSON brands for women and men. The company sells its products through commercial network and franchisees. The company was founded in 1998 and is headquartered in Gdansk, Poland.
Stock analysis
Esotiq & Henderson S.A. (EAH) currently trades at 37.60 PLN, while our model-based Fair Value estimate is 72.77 PLN, implying the stock looks roughly 48.3% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 87.24 PLN per share, and 14 of the 16 models we run sit above the 37.60 PLN price.
Bear case: the Asset-Based group reads lowest at 23.78 PLN, and 2 of the 16 models stay below the price. Evidence for this calculation is high.
Scenario range: 50.94 PLN (bear) to 94.60 PLN (bull), the price of 37.60 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 48/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Esotiq & Henderson S.A. reported revenue of 324M PLN in FY2025 versus 206M PLN in FY2021, a compound +12.0%/yr. Reported net income was 7.8M PLN in FY2025, compounding −18.4%/yr from FY2021.
Key figures
Market cap 73.7M PLN (≈ $19.2M) · P/E ratio 19.1 · P/S ratio 0.46 · EPS (TTM) 1.97 PLN · Dividend yield 8.0% · Net margin 2.4% · Return on equity 11.4% · Return on assets (EBIT) 10.1%.
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 7% below its 52-week high and 35% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −1% fair-value upside, at 94%, EAH screens cheaper than that median.
Fair Value models
Bear 50.94 PLNFair Value 72.77 PLNBull 94.60 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.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.56/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+8.5%
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.
+10.2%
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.
+13.2%
Start year 2020 (pandemic). Over 10 years: +10.4% a year
Revenue growth 14 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.
+10.7%
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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.
+16.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.5%
Dividend (yield on the price)8.0%
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.9% vs 4%, 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.5% → 5%
Compare Esotiq & Henderson S.A. with another stock
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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.Apparel Manufacturing · 228 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside+94% · Top 25%
Profitability
Return on equity (TTM)11% · Above median
Return on assets5% · Above median
Net margin (TTM)2% · Below median
Operating margin (TTM)6% · Above median
Growth and dividend
Revenue growth9% · Above median
Dividend yield (TTM)8.0% · Top 25%
Balance sheet
Debt / equity0.05× · Above median
Valuation Multiplesvs Apparel Manufacturing median · lower = cheaper
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Is Esotiq & Henderson S.A. (EAH) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 72.77 PLN versus a price of 37.60 PLN, about +94% upside (undervalued).
What is the fair value of EAH?
Our model-based fair value for Esotiq & Henderson S.A. is 72.77 PLN (as of Sep 24, 2026), built from audited fundamentals. The current price: 37.60 PLN.
What is the quality score of EAH?
Esotiq & Henderson S.A. has a Quality Score of 48/100. 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 Esotiq & Henderson S.A. (EAH)?
Our model-based price target is the fair value of 72.77 PLN (as of Sep 24, 2026) from 16 valuation models. Cautious scenario 50.94 PLN, optimistic scenario 94.60 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Esotiq & Henderson S.A. stock forecast for 2026?
Our models put fair value at 72.77 PLN, about +94% upside versus a price of 37.60 PLN (undervalued). Cautious scenario 50.94 PLN, optimistic scenario 94.60 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Esotiq & Henderson S.A. (EAH)?
Esotiq & Henderson S.A. reported trailing-twelve-month revenue of about 324M PLN (latest available figure, as of Sep 24, 2026).
Does Esotiq & Henderson S.A. pay a dividend?
Esotiq & Henderson S.A. currently shows a dividend yield of about 7.98% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Esotiq & Henderson S.A. (EAH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Esotiq & Henderson S.A. it is 72.77 PLN per share (as of Sep 24, 2026), against a price of 37.60 PLN. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Esotiq & Henderson S.A. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, EAH trades below its calculated fair value: price 37.60 PLN, fair value 72.77 PLN, a gap of about +94% (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 EAH?
No. The price is what the market pays today (37.60 PLN); the fair value is what the company's own numbers justify (72.77 PLN). For Esotiq & Henderson S.A. the two are 35.17 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Esotiq & Henderson S.A. worth?
The market values Esotiq & Henderson S.A. at about 73.7M PLN (market capitalisation, as of Sep 24, 2026). Per share that is 37.60 PLN; our models calculate a fair value of 72.77 PLN per share.
What do the bullish and bearish scenarios say about EAH?
Our models span a range for Esotiq & Henderson S.A.: cautious scenario 50.94 PLN, base 72.77 PLN, optimistic 94.60 PLN per share (as of Sep 24, 2026, price 37.60 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EAH?
Esotiq & Henderson S.A. trades at a price-to-earnings ratio of 19.1 (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 72.77 PLN is built from several models across several years. Other multiples: P/B 1.1, P/S 0.2, EV/EBITDA 3.1.
How solid is the balance sheet of Esotiq & Henderson S.A. (EAH)?
Balance-sheet figures for Esotiq & Henderson S.A. (as of Sep 24, 2026): return on equity 11.4%, debt of 0.05 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is EAH from its 52-week high?
Esotiq & Henderson S.A. trades at 37.60 PLN, about 7% below its 52-week high of 40.55 PLN and 35% above the low of 27.90 PLN (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 72.77 PLN is for.
Which stocks are comparable to Esotiq & Henderson S.A.?
From the same area (Consumer Cyclical) we also value Ralph Lauren Corporation, Moncler S.p.A, Gildan Activewear Inc, LPP SA, 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 Esotiq & Henderson S.A. stock attractive at the current price?
The data as of Sep 24, 2026: price 37.60 PLN, calculated fair value 72.77 PLN (+94%), Quality Score 48/100, from 16 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 EAH calculated?
We run Esotiq & Henderson S.A. through 16 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 72.77 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. Esotiq & Henderson S.A. currently trades 94 % 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 Esotiq & Henderson S.A. (EAH)?
The closing price on Sep 24, 2026 was 37.60 PLN. Our model-based fair value is 72.77 PLN, about +94% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Esotiq & Henderson S.A. right now?
The price is below even our cautious bear case (50.94 PLN). The market is more pessimistic than our downside scenario. Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (50.94 PLN to 94.60 PLN) leaves room in how you read the outcome.
Key figures of Esotiq & Henderson S.A.
How large is the market capitalisation of Esotiq & Henderson S.A. (EAH)?
The market capitalisation of Esotiq & Henderson S.A. is 73.7M PLN (≈ $19.2M). 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 Esotiq & Henderson S.A. (EAH)?
The price-to-sales ratio of Esotiq & Henderson S.A. is 0.46 (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 Esotiq & Henderson S.A. (EAH)?
Earnings per share at Esotiq & Henderson S.A. are 1.97 PLN (price ÷ EPS = P/E 19.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Esotiq & Henderson S.A. (EAH)?
The dividend yield of Esotiq & Henderson S.A. is 8.0% (payout 152%). 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 Esotiq & Henderson S.A. (EAH)?
The net margin of Esotiq & Henderson S.A. is 2.4% (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 Esotiq & Henderson S.A. (EAH)?
The return on equity (ROE) of Esotiq & Henderson S.A. is 11.4% (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 Esotiq & Henderson S.A. (EAH)?
On an EBIT basis the return on assets of Esotiq & Henderson S.A. is 10.1% (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 Esotiq & Henderson S.A. (EAH)?
The operating margin of Esotiq & Henderson S.A. is 5.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Esotiq & Henderson S.A. (EAH)?
Revenue at Esotiq & Henderson S.A. is growing +8.8% versus a year earlier (3y avg +10.2%). 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 Esotiq & Henderson S.A. (EAH)?
Earnings per share at Esotiq & Henderson S.A. are growing −38.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Esotiq & Henderson S.A. (EAH) generate?
The free cash flow of Esotiq & Henderson S.A. is −7.3M PLN (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Esotiq & Henderson S.A. (EAH) carry?
The net debt of Esotiq & Henderson S.A. is 18.3M PLN (fiscal year 2025). 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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