Korporacja Gospodarcza efekt S.A (EFK) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Korporacja Gospodarcza efekt S.A stock PLN 16.50, price PLN 6.60, upside +150.0%, quality 63 out of 100. Rating: strongly undervalued. Calculated from audited financials with 16 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 7, 2026.
How to read this chart
60‑month range 4.76 PLN – 7.35 PLN · fair‑value band 10.09 PLN – 22.68 PLN · the 6.60 PLN price screens below the 16.50 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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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.
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Korporacja Gospodarcza efekt S.A. was founded in 1989 and is based in Kraków, Poland.
Stock analysis
Korporacja Gospodarcza efekt S.A (EFK) currently trades at 6.60 PLN, while our model-based Fair Value estimate is 16.50 PLN, implying the stock looks roughly 60% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 52.20 PLN per share, and 14 of the 16 models we run sit above the 6.60 PLN price.
Bear case: the Asset-Based group reads lowest at 18.87 PLN, and 2 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: 10.09 PLN (bear) to 22.68 PLN (bull), the price of 6.60 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 63/100 (solid quality), in the Real Estate sector.
Mixed Growth: Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
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.
Key figures
Market cap 33.0M PLN (≈ $8.3M) Micro · P/E ratio 1.5 · P/S ratio 0.81 · EPS (TTM) 4.43 PLN · Dividend yield 0.8% · Net margin 54.1% · Return on equity 16.2% · Return on assets (EBIT) 10.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 75 out of 100 (low confidence).
What moves the price
The share trades about 10% below its 52-week high and 28% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −16% fair-value upside, at 150%, EFK screens cheaper than that median.
Fair Value models
Bear10.09 PLNFair Value 16.50 PLNBull22.68 PLN
Price 6.60 PLN · Upside +150.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (3.76 PLN 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.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.55/100
Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
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.
+17.1%
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.
+0.3%
Revenue growth 16 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.
−0.1%
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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.
+22.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+21.4%
Dividend (yield on the price)0.8%
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.21.4% vs 19.2%, steady
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.9% → 46%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than 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).
−11.3%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −14.0% a year for the price.
Compare Korporacja Gospodarcza efekt S.A with another stock
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 Services · 472 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score63 · Above median
Fair Value upside+150.0% · Top 25%
Profitability
Return on equity (12 months)16.2% · Top 25%
Return on assets8.5% · Top 25%
Net margin (12 months)54.1% · Top 25%
Operating margin (12 months)46.1% · Above median
Growth and dividend
Revenue growth (quarter YoY)2.5% · Below median
Dividend yield (12 months)0.8% · Bottom 25%
Balance sheet
Debt / equity0.22× · Below median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
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Is Korporacja Gospodarcza efekt S.A (EFK) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 16.50 PLN versus a price of 6.60 PLN, about +150% upside (undervalued).
What is the fair value of EFK?
Our model-based fair value for Korporacja Gospodarcza efekt S.A is 16.50 PLN (as of Nov 7, 2026), built from audited fundamentals. The current price: 6.60 PLN.
What is the quality score of EFK?
Korporacja Gospodarcza efekt S.A has a Quality Score of 63/100. 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 Korporacja Gospodarcza efekt S.A (EFK)?
Our model-based price target is the fair value of 16.50 PLN (as of Nov 7, 2026) from 16 valuation models. Cautious scenario 10.09 PLN, optimistic scenario 22.68 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Korporacja Gospodarcza efekt S.A stock forecast for 2026?
Our models put fair value at 16.50 PLN, about +150% upside versus a price of 6.60 PLN (undervalued). Cautious scenario 10.09 PLN, optimistic scenario 22.68 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Korporacja Gospodarcza efekt S.A (EFK)?
Korporacja Gospodarcza efekt S.A reported trailing-twelve-month revenue of about 40.9M PLN (latest available figure, as of Nov 7, 2026).
Does Korporacja Gospodarcza efekt S.A pay a dividend?
Korporacja Gospodarcza efekt S.A currently shows a dividend yield of 0.76% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Korporacja Gospodarcza efekt S.A (EFK)?
Korporacja Gospodarcza efekt S.A pays a dividend of 0.05 PLN per share a year, a dividend yield of 0.8%. The payout ratio is 1.1% of earnings. Free cash flow covers the dividend 39.14 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Korporacja Gospodarcza efekt S.A (EFK)?
For today's price to be fair in a discounted-cash-flow model, Korporacja Gospodarcza efekt S.A would have to grow free cash flow by -11.3 % per year for five years (discount rate 9.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.5 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of EFK use?
Our models discount Korporacja Gospodarcza efekt S.A at 9.3 %: a base by market capitalisation (nano), damped by beta 0.26, 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 Korporacja Gospodarcza efekt S.A that is -11.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.3 %) and the same formula as our fair value.
How much growth has Korporacja Gospodarcza efekt S.A (EFK) delivered so far?
Over the past 5 years revenue at Korporacja Gospodarcza efekt S.A grew +5.5 % a year. The price currently implies free-cash-flow growth of -11.3 % 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 Korporacja Gospodarcza efekt S.A (EFK) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Korporacja Gospodarcza efekt S.A (-11.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Korporacja Gospodarcza efekt S.A (EFK)?
The free-cash-flow yield on the price is 29.65 %: that much free cash flow Korporacja Gospodarcza efekt S.A produces per unit of market value. When it exceeds the discount rate of our models (9.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Korporacja Gospodarcza efekt S.A (EFK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Korporacja Gospodarcza efekt S.A it is 16.50 PLN per share (as of Nov 7, 2026), against a price of 6.60 PLN. It is the blended result of 16 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Korporacja Gospodarcza efekt S.A stock overvalued or undervalued in 2026?
As of Nov 7, 2026, EFK trades below its calculated fair value: price 6.60 PLN, fair value 16.50 PLN, a gap of about +150% (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 EFK?
No. The price is what the market pays today (6.60 PLN); the fair value is what the company's own numbers justify (16.50 PLN). For Korporacja Gospodarcza efekt S.A the two are 9.90 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Korporacja Gospodarcza efekt S.A worth?
The market values Korporacja Gospodarcza efekt S.A at about 33.0M PLN (market capitalisation, as of Nov 7, 2026). Per share that is 6.60 PLN; our models calculate a fair value of 16.50 PLN per share.
What do the bullish and bearish scenarios say about EFK?
Our models span a range for Korporacja Gospodarcza efekt S.A: cautious scenario 10.09 PLN, base 16.50 PLN, optimistic 22.68 PLN per share (as of Nov 7, 2026, price 6.60 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EFK?
Korporacja Gospodarcza efekt S.A trades at a price-to-earnings ratio of 1.5 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 16.50 PLN is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2020 to 2025), reported earnings: 4.8. Other multiples: P/B 0.2, P/S 0.8, EV/EBITDA 3.2.
How solid is the balance sheet of Korporacja Gospodarcza efekt S.A (EFK)?
Balance-sheet figures for Korporacja Gospodarcza efekt S.A (as of Nov 7, 2026): return on equity 16.2%, debt of 0.22 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is EFK from its 52-week high?
Korporacja Gospodarcza efekt S.A trades at 6.60 PLN, about 10% below its 52-week high of 7.35 PLN and 28% above the low of 5.15 PLN (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 16.50 PLN is for.
Which stocks are comparable to Korporacja Gospodarcza efekt S.A?
From the same area (Real Estate) we also value CBRE Group, Cellnex Telecom, S.A, KE Holdings, Swire Properties Limited, 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 Korporacja Gospodarcza efekt S.A stock attractive at the current price?
The data as of Nov 7, 2026: price 6.60 PLN, calculated fair value 16.50 PLN (+150%), Quality Score 63/100, 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 EFK calculated?
We run Korporacja Gospodarcza efekt S.A through 16 models from 6 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 16.50 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. Korporacja Gospodarcza efekt S.A currently trades 60% 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 Korporacja Gospodarcza efekt S.A (EFK)?
The closing price on Nov 6, 2026 was 6.60 PLN. Our model-based fair value is 16.50 PLN, about +150% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Korporacja Gospodarcza efekt S.A right now?
The price is below even our cautious bear case (10.09 PLN). The market is more pessimistic than our downside scenario. Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (10.09 PLN to 22.68 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.
Where does the earnings growth of Korporacja Gospodarcza efekt S.A (EFK) come from?
Earnings per share at Korporacja Gospodarcza efekt S.A grew +20.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.8 %, EBIT margin +9.9 %, tax rate −0.5 %, residual (interest, one-offs) +4.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Korporacja Gospodarcza efekt S.A
How large is the market capitalisation of Korporacja Gospodarcza efekt S.A (EFK)?
The market capitalisation of Korporacja Gospodarcza efekt S.A is 33.0M PLN (≈ $8.3M). 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 Korporacja Gospodarcza efekt S.A (EFK)?
The price-to-sales ratio of Korporacja Gospodarcza efekt S.A is 0.81 (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 Korporacja Gospodarcza efekt S.A (EFK)?
Earnings per share at Korporacja Gospodarcza efekt S.A are 4.43 PLN (price ÷ EPS = P/E 1.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Korporacja Gospodarcza efekt S.A (EFK)?
The dividend yield of Korporacja Gospodarcza efekt S.A is 0.8% (payout 1.1%). 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 Korporacja Gospodarcza efekt S.A (EFK)?
The net margin of Korporacja Gospodarcza efekt S.A is 54.1% (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 Korporacja Gospodarcza efekt S.A (EFK)?
The return on equity (ROE) of Korporacja Gospodarcza efekt S.A is 16.2% (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 Korporacja Gospodarcza efekt S.A (EFK)?
On an EBIT basis the return on assets of Korporacja Gospodarcza efekt S.A is 10.4% (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 Korporacja Gospodarcza efekt S.A (EFK)?
The operating margin of Korporacja Gospodarcza efekt S.A is 46.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Korporacja Gospodarcza efekt S.A (EFK)?
Revenue at Korporacja Gospodarcza efekt S.A is growing +2.5% versus a year earlier (3y avg +5.0%). 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 Korporacja Gospodarcza efekt S.A (EFK)?
Earnings per share at Korporacja Gospodarcza efekt S.A are growing −21.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Korporacja Gospodarcza efekt S.A (EFK) carry?
The net debt of Korporacja Gospodarcza efekt S.A is 34.4M PLN (fiscal year 2025, ≈ 3.5 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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Broad data
Nov 7, 2026