Echo Investment SA (ECH) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Echo Investment SA stock PLN 6.87, price PLN 5.40, upside +27.2%, quality 55 out of 100. Rating: undervalued. Calculated from audited financials with 10 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range 2.06 PLN – 5.60 PLN · fair‑value band 3.85 PLN – 11.07 PLN · the 5.40 PLN price screens below the 6.87 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Echo Investment S.A. engages in the construction, lease, and sale of office, retail, and residential buildings in Poland. It sells residential and commercial spaces within residential projects; The company also trades in real estate properties; and rents apartments.
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In addition, it provides advisory, managerial, legal, and other services; organization and management of tenders for construction works, and supervision and coordination of construction works, as well as customer services; and brokerage, accounting, legal, consulting, IT, financial, marketing, and other services.
The company was incorporated in 1992 and is headquartered in Kielce, Poland. Echo Investment S.A. operates as a subsidiary of Lisala Sp. z o.o.
Stock analysis
Echo Investment SA (ECH) currently trades at 5.40 PLN, while our model-based Fair Value estimate is 6.87 PLN, implying the stock looks roughly 21% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 9.51 PLN per share, and 5 of the 8 models we run sit above the 5.40 PLN price.
Bear case: the Asset-Based group reads lowest at 2.00 PLN, and 3 of the 8 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 3.85 PLN (bear) to 11.07 PLN (bull), the price of 5.40 PLN 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 55/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Echo Investment SA reported revenue of 2.0B PLN in FY2025 versus 1.5B PLN in FY2021, a compound +7.0%/yr. Reported net income was −33.5M PLN in FY2025.
Key figures
Market cap 2.2B PLN (≈ $569M) Small · P/E ratio 11.7 · P/S ratio 0.92 · EPS (TTM) 0.4600 PLN · Net margin 7.7% · Return on equity 14.0% · Return on assets (EBIT) 3.9% (5-year average) · Operating margin 16.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 25% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −51% fair-value upside, at 27%, ECH screens cheaper than that median.
Fair Value models
Bear3.85 PLNFair Value 6.87 PLNBull11.07 PLN
Price 5.40 PLN · Upside +27.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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.Coverage ⓘCoverage = 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.78/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+85.8%
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.
+12.8%
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.
+10.7%
Start year 2020 (pandemic). Over 10 years: +13.1% a year
Revenue growth 20 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.
+10.8%
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Profit margin (trend) ⓘ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.
103.8% (2006) → 10.2% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far.
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).
+9.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Poland: IMF forecast 3.1% a year to 2030, 4.6% from 2016 to 2025) that is about +6.2% a year for the price.
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.Real Estate - Diversified · 114 stocks
Beats the industry median on 6/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Below median
Fair Value upside+27.2% · Above median
Profitability
Return on equity (12 months)14.0% · Top 25%
Return on assets−0.5% · Bottom 25%
Net margin (12 months)7.7% · Below median
Operating margin (12 months)16.2% · Below median
Growth and dividend
Revenue growth (quarter YoY)−0.3% · Below median
Dividend yield (12 months)22.2% · Top 25%
Balance sheet
Debt / equity1.39× · Highest 25%
Valuation Multiplesvs Real Estate - Diversified median · lower = cheaper
P/E (12 months)11.7× · Pricier than median
P/B1.69× · Priciest 25%
P/S (12 months)0.92× · Cheapest 25%
Price / free cash flow (fiscal year)8.4× · Cheaper than median
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). "Echo Investment SA Fair Value". https://www.fairvalue-calculator.com/stock/ECH
Frequently asked questions
Is Echo Investment SA (ECH) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 6.87 PLN versus a price of 5.40 PLN, about +27% upside (undervalued).
What is the fair value of ECH?
Our model-based fair value for Echo Investment SA is 6.87 PLN (as of Nov 5, 2026), built from audited fundamentals. The current price: 5.40 PLN.
What is the quality score of ECH?
Echo Investment SA has a Quality Score of 55/100. 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 Echo Investment SA (ECH)?
Our model-based price target is the fair value of 6.87 PLN (as of Nov 5, 2026) from 10 valuation models. Cautious scenario 3.85 PLN, optimistic scenario 11.07 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Echo Investment SA stock forecast for 2026?
Our models put fair value at 6.87 PLN, about +27% upside versus a price of 5.40 PLN (undervalued). Cautious scenario 3.85 PLN, optimistic scenario 11.07 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Echo Investment SA (ECH)?
Echo Investment SA reported trailing-twelve-month revenue of about 2.4B PLN (latest available figure, as of Nov 5, 2026).
What growth is priced into Echo Investment SA (ECH)?
For today's price to be fair in a discounted-cash-flow model, Echo Investment SA would have to grow free cash flow by +9.5 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.7 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of ECH use?
Our models discount Echo Investment SA at 10.6 %: a base by market capitalisation (small), damped by beta 0.07, country premium for Poland. 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 Echo Investment SA that is +9.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Echo Investment SA (ECH) delivered so far?
Over the past 5 years revenue at Echo Investment SA grew +10.7 % a year. The price currently implies free-cash-flow growth of +9.5 % per 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 Echo Investment SA (ECH) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Echo Investment SA (+9.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Echo Investment SA (ECH)?
The free-cash-flow yield on the price is 11.87 %: that much free cash flow Echo Investment SA produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Echo Investment SA (ECH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Echo Investment SA it is 6.87 PLN per share (as of Nov 5, 2026), against a price of 5.40 PLN. It is the blended result of 10 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Echo Investment SA stock overvalued or undervalued in 2026?
As of Nov 5, 2026, ECH trades below its calculated fair value: price 5.40 PLN, fair value 6.87 PLN, a gap of about +27% (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 ECH?
No. The price is what the market pays today (5.40 PLN); the fair value is what the company's own numbers justify (6.87 PLN). For Echo Investment SA the two are 1.47 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Echo Investment SA worth?
The market values Echo Investment SA at about 2.2B PLN (market capitalisation, as of Nov 5, 2026). Per share that is 5.40 PLN; our models calculate a fair value of 6.87 PLN per share.
What do the bullish and bearish scenarios say about ECH?
Our models span a range for Echo Investment SA: cautious scenario 3.85 PLN, base 6.87 PLN, optimistic 11.07 PLN per share (as of Nov 5, 2026, price 5.40 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ECH?
Echo Investment SA trades at a price-to-earnings ratio of 11.7 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 6.87 PLN is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2016 to 2023), reported earnings: 7.7. Other multiples: PEG 10.7, P/B 1.7, P/S 0.9, EV/EBITDA 7.1.
What is the PEG ratio of ECH?
The PEG ratio of Echo Investment SA is 10.66 (P/E divided by earnings growth, as of Nov 5, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Echo Investment SA (ECH)?
Balance-sheet figures for Echo Investment SA (as of Nov 5, 2026): return on equity 14.0%, debt of 1.39 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is ECH from its 52-week high?
Echo Investment SA trades at 5.40 PLN, about 4% below its 52-week high of 5.60 PLN and 25% above the low of 4.33 PLN (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 6.87 PLN is for.
Which stocks are comparable to Echo Investment SA?
From the same area (Real Estate) we also value Swiss Prime Site AG, The Phoenix Mills Limited, Prestige Estates Projects Limited, Umm Al Qura for Development and Construction Company, 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 Echo Investment SA stock attractive at the current price?
The data as of Nov 5, 2026: price 5.40 PLN, calculated fair value 6.87 PLN (+27%), Quality Score 55/100, from 10 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 ECH calculated?
We run Echo Investment SA through 10 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 6.87 PLN builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Echo Investment SA currently trades 21% 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 Echo Investment SA (ECH)?
The closing price on Nov 6, 2026 was 5.40 PLN. Our model-based fair value is 6.87 PLN, about +27% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Echo Investment SA right now?
The model range is unusually wide (3.85 PLN to 11.07 PLN). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Echo Investment SA
How large is the market capitalisation of Echo Investment SA (ECH)?
The market capitalisation of Echo Investment SA is 2.2B PLN (≈ $569M). 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 Echo Investment SA (ECH)?
The price-to-sales ratio of Echo Investment SA is 0.92 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Echo Investment SA (ECH)?
Earnings per share at Echo Investment SA are 0.4600 PLN (price ÷ EPS = P/E 11.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Echo Investment SA (ECH)?
The net margin of Echo Investment SA is 7.7% (last twelve months). 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 Echo Investment SA (ECH)?
The return on equity (ROE) of Echo Investment SA is 14.0% (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 Echo Investment SA (ECH)?
On an EBIT basis the return on assets of Echo Investment SA is 3.9% (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 Echo Investment SA (ECH)?
The operating margin of Echo Investment SA is 16.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Echo Investment SA (ECH)?
Revenue at Echo Investment SA is growing −0.3% versus a year earlier (3y avg +12.8%). 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 Echo Investment SA (ECH)?
Earnings per share at Echo Investment SA are growing +7.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Echo Investment SA (ECH) carry?
The net debt of Echo Investment SA is 2.5B PLN (fiscal year 2025, ≈ 9.4 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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Nov 5, 2026