EN DE

Elektrotim S.A (ELT) Fair Value & Analysis

Industrials · PL · Market cap 547M PLN

ES Elektrotim S.A ELT · WAR
Price67.20 PLN
Fair Value42.53 PLN
Upside-36.7%
Quality51/100
Watch Elektrotim S.A for free, get notified when fair value or trend changes. Watch for free
Expensive Growth
Thin margins · 4.6% net margin
Low debt · negative free cash flow
3.57% dividend yield
Ranks above peers (9/13)
Moderate moat 49/100
Evidence: High Range 21.63 PLN – 63.52 PLN Share as image

Fair value as of: Jul 17, 2026

From 17 valuation models · updated 24 days ago

Fair value updated Jul 17, 2026, revised from 42.72 PLN to 42.53 PLN (−0.4%) since Jul 15, 2026. Share price +16.8% over the past month.

A solid business, but screening 37% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (63.52 PLN). The favourable scenario is already priced in.
  • The model range is unusually wide (21.63 PLN to 63.52 PLN). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

67.20 PLN 3.65 PLN Fair Value 42.53 PLN Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 3.65 PLN – 67.20 PLN · fair‑value band 21.63 PLN – 63.52 PLN · the 67.20 PLN price screens above the 42.53 PLN fair value. Dashed = 300-day average. As of Jul 17, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Elektrotim S.A (ELT) currently trades at 67.20 PLN, while our model-based Fair Value estimate is 42.53 PLN, implying the stock looks roughly 36.7% overvalued today. The Quality Score stands at 51/100 (solid 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).

Over the trailing twelve months, Elektrotim S.A generated revenue of 570M PLN at a net margin of 4.6%. Revenue declined 10.7% year over year. It earns a return on equity of 18.9%. The stock trades on a trailing P/E of 21.3. Fundamentals as of Jul 17, 2026

Our scenario range runs from 21.63 PLN (bear case) to 63.52 PLN (bull case); at 67.20 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 near its 52-week high and 77% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -37%, ELT 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
Residual Income 15.84 PLN 19.28 PLN 39.24 PLN 76
ROIC Compounder 29.74 PLN 36.77 PLN 44.88 PLN 72
Gordon GGM 19.42 PLN 35.00 PLN 48.18 PLN 70
All 17 models by family
DCF Models
Owner Earnings 32.87 PLN 51.30 PLN 78.16 PLN 31
Earnings-Based
Graham-Dodd 19.73 PLN 80.68 PLN 109.86 PLN 54
Lynch FV 20.25 PLN 28.93 PLN 37.60 PLN 50
PEG = 1.0 20.25 PLN 28.93 PLN 37.60 PLN 46
EPV 27.35 PLN 30.91 PLN 33.87 PLN 59
Dividend Discount
Gordon GGM 19.42 PLN 35.00 PLN 48.18 PLN 70
DDM Multi-Stage 19.42 PLN 31.97 PLN 37.39 PLN 61
Multiples
P/E Multiple 45.70 PLN 60.93 PLN 76.16 PLN 63
P/S Multiple 36.99 PLN 49.32 PLN 61.65 PLN 58
P/B Multiple 36.99 PLN 49.32 PLN 61.65 PLN 55
EV/EBIT 52.26 PLN 69.26 PLN 86.26 PLN 53
EV/EBITDA 45.26 PLN 59.92 PLN 74.59 PLN 54
EV/Revenue 37.66 PLN 53.26 PLN 68.86 PLN 43
Asset-Based
NCAV (Graham) 6.91 PLN 9.26 PLN 13.82 PLN 50
Economic Profit
Residual Income 15.84 PLN 19.28 PLN 39.24 PLN 76
ROIC Compounder 29.74 PLN 36.77 PLN 44.88 PLN 72
Growth Earnings
Growth-Adj P/E 35.04 PLN 50.06 PLN 65.07 PLN 68

Widest divergence: Multiples (53.26 PLN) versus Asset-Based (9.26 PLN). Highest evidence: Residual Income (76).

Notify me when ELT reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 570M PLN
Revenue growth (YoY) -10.7%
Net margin 4.6%
Return on equity 18.9%
Free cash flow −3.7M PLN FY2025
P/E ratio 20.7
More key figures
Operating margin 3.0%
EPS (TTM) 2.65 PLN
Dividend yield 3.6%
EPS growth (YoY) -60.3%
Net debt 152K PLN FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 50 · Market factors (momentum, volatility) 77

Profitability 61
Margins and returns on capital today
Quality Growth 13
Are margins and returns improving?
Cashflow 14
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 70
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 70
Price trend over the last 3–12 months (market factor)
52W Momentum 88
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

Elektrotim S.A., together with its subsidiaries, provides installation, traffic maintenance, high voltage, and traction power services in Poland. The company operates through Power networks, and Installations and infrastructure segments.

Full company description

Elektrotim S.A., together with its subsidiaries, provides installation, traffic maintenance, high voltage, and traction power services in Poland. The company operates through Power networks, and Installations and infrastructure segments. It offers energy generation, energy transmission, energy distribution, railway and urban, and traction power supply infrastructure services; and road and urban infrastructure, traffic engineering, municipal infrastructure, infrastructure for industrial plants, military, security services, border protection, and airports. The company also offers industry, power grid, public utility infrastructure, defense departments, traction infrastructure, safety management platform Aquila, and energy storage facilities. Elektrotim S.A. was incorporated in 1998 and is headquartered in Wroclaw, Poland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Elektrotim S.A reported revenue of 580M PLN in FY2025 versus 277M PLN in FY2021, a compound +20.3%/yr. Reported net income was 29.0M PLN in FY2025, compounding +44.8%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
580M PLN
Latest YoY
+10.5%
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.
+4.7%
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.
+15.9%
Avg. growth/yr (17Y) 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.
+9.7%
Revenue +20.3%/yr
FY21 277M PLN
FY22 506M PLN
FY23 547M PLN
FY24 525M PLN
FY25 580M PLN
Net income +44.8%/yr
FY21 6.6M PLN
FY22 22.0M PLN
FY23 22.4M PLN
FY24 54.1M PLN
FY25 29.0M PLN
Character of growth · EPS growth decomposed (2014-2025) +12.7 % p.a.
Revenue per share +7.5 pp

of which total revenue +7.5 pp · buybacks/dilution +0.0 pp

EBIT margin +4.3 pp
Tax rate −0.2 pp
Residual (interest, one-offs) +1.0 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).

ELT screens 37% overvalued. Compare with Contemporary Amperex Technology Co →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Elektrotim S.A Fair Value". https://www.fairvalue-calculator.com/stock/ELT

Peer Group

Electrical Equipment & Parts · 528 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 51 · Below median
Fair Value upside −37% · Above median
Return on equity (TTM) 19% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 5% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth -11% · Bottom 25%
Dividend yield (TTM) 3.6% · Top 25%

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 20.7× · Cheaper than median
P/B 1.07× · Cheaper than median
P/S (TTM) 0.26× · Cheaper than 75% of peers
EV/EBITDA 3.4× · 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 0 · sector 0
FUTURE 0 · sector 57
PAST 76 · sector 26
HEALTH 100 · sector 97
DIVIDEND 71 · sector 18

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

Compare Elektrotim S.A with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Elektrotim S.A (ELT) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 42.53 PLN versus a price of 67.20 PLN, about −37% (overvalued).
What is the fair value of ELT?
Our model-based fair value for Elektrotim S.A is 42.53 PLN (as of Jul 17, 2026), built from audited fundamentals. The current price is 67.20 PLN.
What is the quality score of ELT?
Elektrotim S.A has a Quality Score of 51/100. 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 Elektrotim S.A (ELT)?
Elektrotim S.A reported trailing-twelve-month revenue of about 570M PLN (latest available figure, as of Jul 17, 2026).
What is the net profit margin of ELT?
The net profit margin of Elektrotim S.A is about 4.6%, meaning it keeps roughly 4.6% of revenue as net income. Based on the latest reported figures.
Does Elektrotim S.A pay a dividend?
Elektrotim S.A currently shows a dividend yield of about 3.47% relative to its recent price (as of Jul 17, 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.

14 days Pro free · no card

Track Elektrotim S.A and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.