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Elektrotim SA (ELT) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Elektrotim SA PLN 28.93, price PLN 61.45, upside -52.9%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
  3. Add to watchlist

Industrials · PL · ISIN PLELEKT00016

ES Broad data Sep 24, 2026

Elektrotim SA

ELT · WAR

Stretched ValuationStrong overvaluation with only moderate quality.

!Fair value 28.93 PLN · Strongly overvalued (−53%)
!Quality 51/100
!Expensive Growth (revenue 5y +15.9 %/yr)
!Thin margins · 4.6% net margin (TTM)
!Low debt · negative free cash flow
·3.25% dividend yield
✓Ranks above peers (8/13)
!Moderate moat 49/100
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

72.55 PLN 3.65 PLN Fair Value 28.93 PLN Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range 3.65 PLN – 72.55 PLN · fair‑value band 17.91 PLN – 37.88 PLN · the 61.45 PLN price screens above the 28.93 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

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.

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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.

Stock analysis

Elektrotim SA (ELT) currently trades at 61.45 PLN, while our model-based Fair Value estimate is 28.93 PLN, implying the stock looks roughly 112.4% overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of 53.26 PLN per share, and 2 of the 17 models we run sit above the 61.45 PLN price.

Bear case: the Asset-Based group reads lowest at 9.26 PLN, and 15 of the 17 models stay below the price. Evidence for this calculation is high.

Scenario range: 17.91 PLN (bear) to 37.88 PLN (bull), the price of 61.45 PLN sits above 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 51/100 (solid quality), in the Industrials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Elektrotim SA 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. FY2021 was a trough year, so the rate overstates the trend.

Key figures

Market cap 613M PLN (≈ $160M) · P/E ratio 23.2 · P/S ratio 1.16 · EPS (TTM) 2.65 PLN · Dividend yield 3.3% · Net margin 5.0% · Return on equity 18.9% · Return on assets (EBIT) 12.7%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).

What moves the price

The share trades about 15% below its 52-week high and 61% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −28% fair-value upside, at −53%, ELT screens richer than that median.

Fair Value models

Bear 17.91 PLN Fair Value 28.93 PLN Bull 37.88 PLN
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.4773 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. Evidence ⓘEvidence = 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.
Highest evidence
Owner Earnings 32.13 PLN 48.04 PLN 69.79 PLN 76
EPV 24.55 PLN 27.35 PLN 29.62 PLN 74
Residual Income 14.67 PLN 17.95 PLN 32.90 PLN 73
All 17 models by family
DCF Models
Owner Earnings 32.13 PLN 48.04 PLN 69.79 PLN 76
Earnings-Based
Graham-Dodd 19.73 PLN 80.68 PLN 109.86 PLN 64
Lynch FV 20.25 PLN 28.93 PLN 37.60 PLN 61
PEG = 1.0 20.25 PLN 28.93 PLN 37.60 PLN 57
EPV 24.55 PLN 27.35 PLN 29.62 PLN 74
Dividend Discount
Gordon GGM 17.41 PLN 29.17 PLN 37.86 PLN 68
DDM Multi-Stage 17.41 PLN 27.66 PLN 31.38 PLN 67
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 66
EV/EBITDA 45.26 PLN 59.92 PLN 74.59 PLN 67
EV/Revenue 37.66 PLN 53.26 PLN 68.86 PLN 54
Asset-Based
NCAV (Graham) 6.91 PLN 9.26 PLN 13.82 PLN 54
Economic Profit
Residual Income 14.67 PLN 17.95 PLN 32.90 PLN 73
ROIC Compounder 26.39 PLN 31.79 PLN 37.83 PLN 72
Growth Earnings
Growth-Adj P/E 35.04 PLN 50.06 PLN 65.07 PLN 67

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Quality Score breakdown

Overall quality 51/100

Of which business quality 50 · Market factors (momentum, volatility) 70

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 73
Calm price path (market factor)
Momentum 72
Price trend over the last 3–12 months (market factor)
52W Momentum 65
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+10.5%
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.
+4.7%
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.
+15.9%
Start year 2020 (pandemic). Over 10 years: +5.1% a year
Revenue growth 17 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.
+9.7%
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.
+23.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+20.1%
Dividend (yield on the price)3.3%
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.20% vs 10%, picking up
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.8% → 7%
Start year 2020 (pandemic)

ELT screens 112% overvalued. Compare with Contemporary Amperex Technology Co →

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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.Electrical Equipment & Parts · 553 stocks

Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 51 · Below median
Fair Value upside −53% · Below median
Profitability
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
Growth and dividend
Revenue growth −11% · Bottom 25%
Dividend yield (TTM) 3.3% · Top 25%

Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 23.2× · Cheaper than median
P/B 1.16× · Cheaper than median
P/S (TTM) 0.28× · Cheapest 25%
EV/EBITDA 3.7× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)0 · sector 58
PAST (return on equity)76 · sector 26
HEALTH (low debt)100 · sector 97
DIVIDEND (yield)65 · sector 23

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

Context: sector, industry, market

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

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate.

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Contemporary Amperex Technology Co 3750 HK$492.80 HK$815.59 +66%
ABB Ltd ABBN CHF 80.50 CHF 29.71 −63%
Vertiv Holdings VRT $248.78 $179.08 −28%
Prysmian S.p.A PRY €122.35 €77.45 −37%
Legrand SA LR €134.60 €82.53 −39%
Sungrow Power Supply Co 300274 ¥88.20 ¥201.23 +128%
Hubbell Incorporated HUBB $463.70 $293.12 −37%
Shenzhen Inovance Technology Co 300124 ¥54.05 ¥47.94 −11%
nVent Electric plc NVT $162.65 $43.54 −73%
HD Hyundai Electric Co 267260 708,000 KRW 778,800 KRW +10%

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Elektrotim SA · Fair Value
28.93 PLN −112%Fair Value
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Cite: Fair Value Calculator (2026). "Elektrotim SA Fair Value". https://www.fairvalue-calculator.com/stock/ELT

Frequently asked questions

Is Elektrotim SA (ELT) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 28.93 PLN versus a price of 61.45 PLN, about −53% upside (overvalued).
What is the fair value of ELT?
Our model-based fair value for Elektrotim SA is 28.93 PLN (as of Sep 24, 2026), built from audited fundamentals. The current price: 61.45 PLN.
What is the quality score of ELT?
Elektrotim SA 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 price target for Elektrotim SA (ELT)?
Our model-based price target is the fair value of 28.93 PLN (as of Sep 24, 2026) from 17 valuation models. Cautious scenario 17.91 PLN, optimistic scenario 37.88 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Elektrotim SA stock forecast for 2026?
Our models put fair value at 28.93 PLN, about −53% upside versus a price of 61.45 PLN (overvalued). Cautious scenario 17.91 PLN, optimistic scenario 37.88 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Elektrotim SA (ELT)?
Elektrotim SA reported trailing-twelve-month revenue of about 570M PLN (latest available figure, as of Sep 24, 2026).
Does Elektrotim SA pay a dividend?
Elektrotim SA currently shows a dividend yield of about 3.25% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Elektrotim SA (ELT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Elektrotim SA it is 28.93 PLN per share (as of Sep 24, 2026), against a price of 61.45 PLN. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Elektrotim SA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, ELT trades above its calculated fair value: price 61.45 PLN, fair value 28.93 PLN, a gap of about −53% (overvalued). 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 ELT?
No. The price is what the market pays today (61.45 PLN); the fair value is what the company's own numbers justify (28.93 PLN). For Elektrotim SA the two are 32.52 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Elektrotim SA worth?
The market values Elektrotim SA at about 613M PLN (market capitalisation, as of Sep 24, 2026). Per share that is 61.45 PLN; our models calculate a fair value of 28.93 PLN per share.
What do the bullish and bearish scenarios say about ELT?
Our models span a range for Elektrotim SA: cautious scenario 17.91 PLN, base 28.93 PLN, optimistic 37.88 PLN per share (as of Sep 24, 2026, price 61.45 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ELT?
Elektrotim SA trades at a price-to-earnings ratio of 23.2 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 28.93 PLN is built from several models across several years. Other multiples: P/B 1.2, P/S 0.3, EV/EBITDA 3.7.
How solid is the balance sheet of Elektrotim SA (ELT)?
Balance-sheet figures for Elektrotim SA (as of Sep 24, 2026): return on equity 18.9%. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is ELT from its 52-week high?
Elektrotim SA trades at 61.45 PLN, about 15% below its 52-week high of 72.55 PLN and 61% above the low of 38.24 PLN (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 28.93 PLN is for.
Which stocks are comparable to Elektrotim SA?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Vertiv Holdings, Prysmian S.p.A, 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 Elektrotim SA stock attractive at the current price?
The data as of Sep 24, 2026: price 61.45 PLN, calculated fair value 28.93 PLN (−53%), Quality Score 51/100, from 17 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 ELT calculated?
We run Elektrotim SA through 17 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 28.93 PLN, 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 14.0 % above its aggregate fair value. Elektrotim SA itself currently trades above fair value. 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 Elektrotim SA (ELT)?
The closing price on Sep 24, 2026 was 61.45 PLN. Our model-based fair value is 28.93 PLN, about −53% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Elektrotim SA right now?
The price sits above even our optimistic bull case (37.88 PLN). The favourable scenario is already priced in. Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (17.91 PLN to 37.88 PLN) leaves room in how you read the outcome.
Where does the earnings growth of Elektrotim SA (ELT) come from?
Earnings per share at Elektrotim SA grew +12.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +7.5 %, EBIT margin +4.3 %, tax rate −0.2 %, residual (interest, one-offs) +0.6 %. 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 Elektrotim SA

How large is the market capitalisation of Elektrotim SA (ELT)?
The market capitalisation of Elektrotim SA is 613M PLN (≈ $160M). 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 Elektrotim SA (ELT)?
The price-to-sales ratio of Elektrotim SA is 1.16 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Elektrotim SA (ELT)?
Earnings per share at Elektrotim SA are 2.65 PLN (price ÷ EPS = P/E 23.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Elektrotim SA (ELT)?
The dividend yield of Elektrotim SA is 3.3% (payout 75.5%). 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 Elektrotim SA (ELT)?
The net margin of Elektrotim SA is 5.0% (fiscal year 2025). 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 Elektrotim SA (ELT)?
The return on equity (ROE) of Elektrotim SA is 18.9% (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 Elektrotim SA (ELT)?
On an EBIT basis the return on assets of Elektrotim SA is 12.7% (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 Elektrotim SA (ELT)?
The operating margin of Elektrotim SA is 3.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Elektrotim SA (ELT)?
Revenue at Elektrotim SA is growing −10.7% versus a year earlier (3y avg +4.7%). 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 Elektrotim SA (ELT)?
Earnings per share at Elektrotim SA are growing −60.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Elektrotim SA (ELT) generate?
The free cash flow of Elektrotim SA is −3.7M PLN (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Elektrotim SA (ELT) carry?
The net debt of Elektrotim SA is 152K PLN (fiscal year 2025). 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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