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Korporacja Gospodarcza efekt S.A (EFK) Fair Value & Analysis

Real Estate · PL · Market cap 30.5M PLN

KG Korporacja Gospodarcza efekt S.A EFK · WAR
Price6.35 PLN
Fair Value9.05 PLN
Upside+42.5%
Quality58/100
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Mixed Growth
Highly profitable · 43.6% net margin
Low debt · generates free cash flow
0.83% dividend yield
Ranks above peers (13/14)
Wide moat 70/100
Evidence: High Range 6.31 PLN – 15.07 PLN Share as image

Fair value as of: Jul 14, 2026

From 16 valuation models · updated 27 days ago

Fair value updated Jul 14, 2026, revised from 15.63 PLN to 9.05 PLN (−42.1%) since Jun 26, 2026. Share price +2.4% over the past month.

A solid business, screening 43% undervalued on our models.

What matters now

  • Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (6.31 PLN to 15.07 PLN) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

7.79 PLN 4.76 PLN Fair Value 9.05 PLN Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range 4.76 PLN – 7.79 PLN · fair‑value band 6.31 PLN – 15.07 PLN · the 6.35 PLN price screens below the 9.05 PLN fair value. Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

Korporacja Gospodarcza efekt S.A (EFK) currently trades at 6.35 PLN, while our model-based Fair Value estimate is 9.05 PLN, implying the stock looks roughly 42.5% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Real Estate 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, Korporacja Gospodarcza efekt S.A generated revenue of 42.5M PLN at a net margin of 13.9%. Revenue grew 6.4% year over year. It earns a return on equity of 4.7%. Net debt stands at 34.4M PLN. Fundamentals as of Jul 14, 2026

Our scenario range runs from 6.31 PLN (bear case) to 15.07 PLN (bull case); at 6.35 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 32% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -2% fair-value upside, at 43%, EFK 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 13.89 PLN 18.34 PLN 25.06 PLN 80
Residual Income 23.87 PLN 26.92 PLN 44.19 PLN 76
Rev-Margin DCF 19.93 PLN 32.79 PLN 48.50 PLN 74
All 16 models by family
DCF Models
FCF DCF 13.43 PLN 18.17 PLN 25.90 PLN 38
5Y Revenue Exit 19.93 PLN 32.27 PLN 50.29 PLN 39
5Y EBITDA Exit 25.50 PLN 41.86 PLN 63.61 PLN 41
10Y Revenue Exit 16.06 PLN 24.02 PLN 32.65 PLN 36
10Y EBITDA Exit 19.60 PLN 29.12 PLN 39.39 PLN 37
Dividend Discount
Gordon GGM 0.3500 PLN 0.3700 PLN 0.4100 PLN 70
DDM Multi-Stage 0.3500 PLN 0.4100 PLN 0.4800 PLN 61
Multiples
P/S Multiple 39.15 PLN 52.20 PLN 65.25 PLN 58
P/B Multiple 42.25 PLN 56.33 PLN 70.42 PLN 55
EV/EBIT 55.87 PLN 76.21 PLN 96.55 PLN 53
EV/EBITDA 43.24 PLN 59.37 PLN 75.50 PLN 54
EV/Revenue 28.51 PLN 42.93 PLN 57.35 PLN 43
Asset-Based
NCAV (Graham) 14.08 PLN 18.87 PLN 28.17 PLN 50
Growth DCF
Growth DCF 13.89 PLN 18.34 PLN 25.06 PLN 80
Rev-Margin DCF 19.93 PLN 32.79 PLN 48.50 PLN 74
Economic Profit
Residual Income 23.87 PLN 26.92 PLN 44.19 PLN 76

Widest divergence: Multiples (56.33 PLN) versus Dividend Discount (0.3700 PLN). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 40.6M PLN
Revenue growth (YoY) +6.4%
Net margin 13.9%
Return on equity 13.2%
Free cash flow 12.8M PLN FY2025
P/E ratio 5.6
More key figures
Operating margin 53.2%
EPS (TTM) 1.09 PLN
Dividend yield 0.8%
EPS growth (YoY) -21.8%
Net debt 34.4M PLN FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 59 · Market factors (momentum, volatility) 66

Profitability 49
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 78
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 49
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 54
Price trend over the last 3–12 months (market factor)
52W Momentum 75
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

Korporacja Gospodarcza efekt S.A. engages in the provision of rental and leasing services for premises and commercial stands in Poland. The company was formerly known as Przedsiebiorstwo Transportu i Uslug "efekt' S.A. and changed its name to Korporacja Gospodarcza efekt S.A. in 1992. Korporacja Gospodarcza efekt S.A.

Full company description

Korporacja Gospodarcza efekt S.A. engages in the provision of rental and leasing services for premises and commercial stands in Poland. The company was formerly known as Przedsiebiorstwo Transportu i Uslug "efekt' S.A. and changed its name to Korporacja Gospodarcza efekt S.A. in 1992. Korporacja Gospodarcza efekt S.A. was founded in 1989 and is based in Kraków, Poland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Korporacja Gospodarcza efekt S.A reported revenue of 40.1M PLN in FY2025 versus 30.1M PLN in FY2021, a compound +7.4%/yr. Reported net income was 18.3M PLN in FY2025, compounding +27.5%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
40.1M PLN
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.
+17.1%
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.
+0.3%
Avg. growth/yr (16Y) 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.
−0.1%
Revenue +7.4%/yr
FY21 30.1M PLN
FY22 34.7M PLN
FY23 59.2M PLN
FY24 48.4M PLN
FY25 40.1M PLN
Net income +27.5%/yr
FY21 6.9M PLN
FY22 −7.1M PLN
FY23 39.9M PLN
FY24 6.2M PLN
FY25 18.3M PLN
Character of growth · EPS growth decomposed (2013-2024) +25.6 % p.a.
Revenue per share +7.1 pp

of which total revenue +3.2 pp · buybacks/dilution +3.9 pp

EBIT margin +11.9 pp
Tax rate +0.3 pp
Residual (interest, one-offs) +6.4 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).

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Cite: Fair Value Calculator (2026). "Korporacja Gospodarcza efekt S.A Fair Value". https://www.fairvalue-calculator.com/stock/EFK

Peer Group

Real Estate Services · 520 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 59 · Above median
Fair Value upside +43% · Above median
Return on equity (TTM) 13% · Top 25%
Return on assets 4% · Top 25%
Net margin (TTM) 44% · Top 25%
Operating margin (TTM) 53% · Above median
Revenue growth 6% · Above median
Dividend yield (TTM) 0.8% · Below median
Debt / equity 0.22× · Lower than median

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 1.7× · Cheaper than 75% of peers
P/B 0.06× · Cheaper than 75% of peers
P/S (TTM) 0.20× · Cheaper than 75% of peers
P/FCF 0.6× · Cheaper than 75% of peers
EV/EBITDA 2.2× · 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 90 · sector 37
FUTURE 32 · sector 10
PAST 53 · sector 16
HEALTH 89 · sector 85
DIVIDEND 17 · sector 49

Insider activity: 40/100

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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PT Metropolitan Kentjana Tbk MKPI 20,975 IDR 19,160 IDR -9%
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Frequently asked questions

Is Korporacja Gospodarcza efekt S.A (EFK) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of 9.05 PLN versus a price of 6.35 PLN, about +43% (undervalued).
What is the fair value of EFK?
Our model-based fair value for Korporacja Gospodarcza efekt S.A is 9.05 PLN (as of Jul 14, 2026), built from audited fundamentals. The current price is 6.35 PLN.
What is the quality score of EFK?
Korporacja Gospodarcza efekt S.A has a Quality Score of 58/100. 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 Korporacja Gospodarcza efekt S.A (EFK)?
Korporacja Gospodarcza efekt S.A reported trailing-twelve-month revenue of about 42.5M PLN (latest available figure, as of Jul 14, 2026).
What is the net profit margin of EFK?
The net profit margin of Korporacja Gospodarcza efekt S.A is about 13.9%, meaning it keeps roughly 13.9% of revenue as net income. Based on the latest reported figures.
Does Korporacja Gospodarcza efekt S.A pay a dividend?
Korporacja Gospodarcza efekt S.A currently shows a dividend yield of about 0.83% relative to its recent price (as of Jul 14, 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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