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ELQ Fair Value & Analysis

Industrials · PL · Market cap 280M PLN

E ELQ ELQ · WAR
Price2.07 PLN
Fair Value0.6400 PLN
Upside-69.1%
Quality42/100
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Expensive Growth
Thin margins · 0.0% net margin
Low debt · negative free cash flow
Mixed vs. peers (3/7)
Moderate moat 58/100
Evidence: High Range 0.4800 PLN – 0.8000 PLN Share as image

Fair value as of: Jul 10, 2026

From 15 valuation models · updated 31 days ago

Fair value updated Jul 10, 2026, revised from 0.6200 PLN to 0.6400 PLN (+3.2%) since Jun 24, 2026. Share price −3.7% over the past month.

Below-average quality, and screening another 69% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.8000 PLN). The favourable scenario is already priced in.
  • Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

4.34 PLN 0.9450 PLN Fair Value 0.6400 PLN Mar 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 10, 2026.

How to read this chart

60‑month range 0.9450 PLN – 4.34 PLN · fair‑value band 0.4800 PLN – 0.8000 PLN · the 2.07 PLN price screens above the 0.6400 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 10, 2026.

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Analysis

ELQ (ELQ) currently trades at 2.07 PLN, while our model-based Fair Value estimate is 0.6400 PLN, implying the stock looks roughly 69.1% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Net debt stands at 9.4M PLN. The stock trades on a trailing P/E of 190.8. Fundamentals as of Jul 10, 2026

Our scenario range runs from 0.4800 PLN (bear case) to 0.8000 PLN (bull case); at 2.07 PLN, the current price sits above 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 about 58% below its 52-week high and 3% above its 52-week low. For context, the median of 10 Industrials peers we cover trades at -15% fair-value upside, at -69%, ELQ screens richer 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 BearBaseBull Evidence
Highest evidence
ROIC Compounder 0.2800 PLN 0.4000 PLN 0.4700 PLN 72
Growth-Adj P/E 0.7600 PLN 1.08 PLN 1.40 PLN 68
P/E Multiple 0.4800 PLN 0.6400 PLN 0.8000 PLN 63
All 15 models by family
DCF Models
Owner Earnings 0.3600 PLN 0.7600 PLN 1.46 PLN 31
Earnings-Based
Graham-Dodd 0.2100 PLN 1.44 PLN 2.02 PLN 54
Lynch FV 0.6100 PLN 0.8700 PLN 1.13 PLN 50
PEG = 1.0 0.6100 PLN 0.8700 PLN 1.13 PLN 46
EPV 0.2300 PLN 0.2600 PLN 0.2900 PLN 59
Multiples
P/E Multiple 0.4800 PLN 0.6400 PLN 0.8000 PLN 63
P/S Multiple 0.3900 PLN 0.5200 PLN 0.6400 PLN 58
P/B Multiple 0.3900 PLN 0.5200 PLN 0.6400 PLN 55
EV/EBIT 0.5800 PLN 0.7900 PLN 1.00 PLN 53
EV/EBITDA 0.5100 PLN 0.7000 PLN 0.8900 PLN 54
EV/Revenue 0.4000 PLN 0.5900 PLN 0.7800 PLN 43
Asset-Based
NCAV (Graham) 0.0700 PLN 0.1000 PLN 0.1500 PLN 50
Economic Profit
Residual Income 0.1600 PLN 0.2100 PLN 0.6000 PLN 61
ROIC Compounder 0.2800 PLN 0.4000 PLN 0.4700 PLN 72
Growth Earnings
Growth-Adj P/E 0.7600 PLN 1.08 PLN 1.40 PLN 68

Widest divergence: Growth Earnings (1.08 PLN) versus Asset-Based (0.1000 PLN). Highest evidence: ROIC Compounder (72).

Key figures & financial health

Return on equity -1,162%
Free cash flow −2.5M PLN FY2025
P/E ratio 190.8
EPS (TTM) -0.0053 PLN
Net debt 9.4M PLN FY2025

Figures from reported company fundamentals · as of Jul 10, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 41 · Market factors (momentum, volatility) 12

Profitability 57
Margins and returns on capital today
Quality Growth 11
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 21
Price trend over the last 3–12 months (market factor)
52W Momentum 9
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.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ELQ reported revenue of 74.9M PLN in FY2025 versus 25.6M PLN in FY2021, a compound +30.7%/yr. Reported net income was 4.1M PLN in FY2025.

Growth Quality 56/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
74.9M PLN
Latest YoY
+0.7%
Avg. growth/yr (3Y)
+38.2%
Avg. growth/yr (5Y)
+13.0%
Avg. growth/yr (9Y)
+39.3%
Revenue +30.7%/yr
FY21 25.6M PLN
FY22 28.4M PLN
FY23 83.7M PLN
FY24 74.3M PLN
FY25 74.9M PLN
Net income
FY21 −1.9M PLN
FY22 1.5M PLN
FY23 8.9M PLN
FY24 4.5M PLN
FY25 4.1M PLN

ELQ screens 69% overvalued. Compare with KT Submarine Co →

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Cite: Fair Value Calculator (2026). "ELQ Fair Value". https://www.fairvalue-calculator.com/stock/ELQ

Peer Group

Construction & Engineering · 16 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 42 · Below median
Fair Value upside −69% · Bottom 25%
Return on assets 0% · Above median
Net margin (TTM) 0% · Above median
Operating margin (TTM) 0% · Above median
Revenue growth 0% · Below median
Debt / equity 0.38× · Higher 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 0 · sector 9
FUTURE 0 · sector 22
PAST 0 · sector 0
HEALTH 81 · sector 97
DIVIDEND 0 · sector 0

VALUE 0: the price sits above our fair-value range.

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.

Similar stocks

10 more Construction & Engineering stocks, each showing price versus our Fair Value estimate (as of Jul 10, 2026).

Stock Price Fair Value vs Fair Value
KT Submarine Co 060370 26,300 KRW 5,211 KRW -80%
Hanyang ENG Co 045100 30,050 KRW 40,553 KRW +35%
MWIDE MWIDE 4.13 PHP 3.16 PHP -23%
EEIPB EEIPB 95.00 PHP 52.61 PHP -45%
EEI EEI 1.99 PHP 1.14 PHP -43%
KCC Engineering & Construction Co 021320 5,250 KRW 3,679 KRW -30%
HTI HTI 1.31 PHP 2.39 PHP +82%
Tuksu Engineering & Construction,Ltd. 026150 3,535 KRW 3,298 KRW -7%
Hydro Lithium Inc 101670 926.00 KRW 789.50 KRW -15%
ARA ARA 0.2900 PHP 1.07 PHP +269%

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Frequently asked questions

Is ELQ overvalued or undervalued?
As of Jul 10, 2026, our model estimates a fair value of 0.6400 PLN versus a price of 2.07 PLN, about −69% (overvalued).
What is the fair value of ELQ?
Our model-based fair value for ELQ is 0.6400 PLN (as of Jul 10, 2026), built from audited fundamentals. The current price is 2.07 PLN.
What is the quality score of ELQ?
ELQ has a Quality Score of 42/100. 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 net profit margin of ELQ?
The net profit margin of ELQ is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

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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