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Enter Air S.A. (ENT) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Enter Air S.A. PLN 150, price PLN 50.00, upside +200.0%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? Yes
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Industrials · PL · ISIN PLENTER00017

EA Thin data Sep 24, 2026

Enter Air S.A.

ENT · WAR

Clearly undervaluedStrong Fair Value upside, but quality is only moderate.

✓Fair value 150.00 PLN · Strongly undervalued (+200%)
!Quality 51/100
✓Healthy Growth (revenue 5y +44.4 %/yr)
!Thin margins · 1.2% net margin (TTM)
✓Low debt · generates free cash flow
✓Ranks above peers (8/13)
!Narrow moat 31/100
!Evidence only low, so the estimate is less certain
!The models disagree: range 105.00 PLN to 354.23 PLN
!Weak on future: 19 out of 100

What runs behind every stock

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

Price vs Fair Value

66.10 PLN 18.12 PLN Fair Value 150.00 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 18.12 PLN – 66.10 PLN · fair‑value band 105.00 PLN – 354.23 PLN · the 50.00 PLN price screens below the 150.00 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is 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

Enter Air S.A. operates as a charter airline company in Europe. The company also offers production planning, technical documentation and records, material logistics, and compliance and security, and professional aircraft maintenance and services.

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Enter Air S.A. operates as a charter airline company in Europe. The company also offers production planning, technical documentation and records, material logistics, and compliance and security, and professional aircraft maintenance and services. In addition, the company provides advertising services, comprising inflight sales magazine, advertising on the outside of the plane, logo on tables, logo on catering carts, logo on the headrests, on-board announcement, and leaflets in the seat pocket. The company operates a fleet of 30 aircrafts. Enter Air S.A. was incorporated in 2009 and is based in Warsaw, Poland.

Stock analysis

Enter Air S.A. (ENT) currently trades at 50.00 PLN, while our model-based Fair Value estimate is 150.00 PLN, implying the stock looks roughly 66.7% undervalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of 503.75 PLN per share, and 23 of the 26 models we run sit above the 50.00 PLN price.

Bear case: the Asset-Based group reads lowest at 19.06 PLN, and 3 of the 26 models stay below the price. Evidence for this calculation is low.

Scenario range: 105.00 PLN (bear) to 354.23 PLN (bull), the price of 50.00 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 51/100 (solid quality), in the Industrials sector.

Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.

Enter Air S.A. reported revenue of 3.0B PLN in FY2025 versus 1.1B PLN in FY2021, a compound +27.4%/yr. Reported net income was 223M PLN in FY2025.

Key figures

Market cap 877M PLN (≈ $228M) · P/E ratio 23.8 · P/S ratio 1.80 · EPS (TTM) 2.10 PLN · Dividend yield 6.0% · Net margin 7.5% · Return on equity 10.4% · Return on assets (EBIT) 6.8%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).

What moves the price

The share trades about 24% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at 26% fair-value upside, at 200%, ENT screens cheaper than that median.

Fair Value models

Bear 105.00 PLN Fair Value 150.00 PLN Bull 354.23 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 (1.54 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
FCF DCF 378.65 PLN 558.85 PLN 1,015 PLN 78
Growth DCF 359.78 PLN 584.32 PLN 951.91 PLN 77
EPV 67.22 PLN 73.70 PLN 78.95 PLN 74
All 26 models by family
DCF Models
FCF DCF 378.65 PLN 558.85 PLN 1,015 PLN 78
Owner Earnings 432.80 PLN 837.40 PLN 1,544 PLN 73
5Y Revenue Exit 195.27 PLN 282.01 PLN 439.67 PLN 72
5Y EBITDA Exit 337.48 PLN 589.81 PLN 1,045 PLN 72
5Y P/E Exit 266.36 PLN 468.98 PLN 719.51 PLN 69
10Y Revenue Exit 258.42 PLN 389.43 PLN 514.10 PLN 67
10Y EBITDA Exit 346.33 PLN 618.11 PLN 1,091 PLN 66
10Y P/E Exit 303.51 PLN 503.75 PLN 823.21 PLN 62
Earnings-Based
Graham-Dodd 86.29 PLN 601.78 PLN 844.51 PLN 63
Lynch FV 177.75 PLN 253.93 PLN 330.10 PLN 61
PEG = 1.0 177.75 PLN 253.93 PLN 330.10 PLN 57
EPV 67.22 PLN 73.70 PLN 78.95 PLN 74
Dividend Discount
Gordon GGM 20.90 PLN 35.00 PLN 45.43 PLN 68
DDM Multi-Stage 20.90 PLN 33.20 PLN 37.65 PLN 67
Multiples
P/E Multiple 199.87 PLN 266.49 PLN 333.11 PLN 63
P/S Multiple 161.80 PLN 215.73 PLN 269.66 PLN 58
P/B Multiple 96.00 PLN 128.00 PLN 159.99 PLN 55
EV/EBIT 120.30 PLN 155.98 PLN 191.66 PLN 66
EV/EBITDA 331.16 PLN 437.14 PLN 543.11 PLN 67
EV/Revenue 89.65 PLN 122.40 PLN 155.14 PLN 54
Asset-Based
NCAV (Graham) 14.22 PLN 19.06 PLN 28.44 PLN 54
Growth DCF
Growth DCF 359.78 PLN 584.32 PLN 951.91 PLN 77
Rev-Margin DCF 195.27 PLN 301.31 PLN 456.43 PLN 72
Economic Profit
Residual Income 79.06 PLN 124.31 PLN 1,463 PLN 64
ROIC Compounder 74.50 PLN 90.14 PLN 108.17 PLN 72
Growth Earnings
Growth-Adj P/E 243.12 PLN 347.32 PLN 451.51 PLN 67

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Quality Score breakdown

Overall quality 51/100

Of which business quality 55 · Market factors (momentum, volatility) 41

Profitability 56
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 81
Earnings quality: real cash, not paper profit
Fin. Strength 32
Balance sheet, leverage, solvency risk
Investment 37
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 14
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. 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+0.9%
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.
+9.4%
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.
+44.4%
Start year 2020 (pandemic). Over 10 years: +14.6% a year
Revenue growth 13 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.
+13.5%
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. Basis: EBIT basis.
≈ +3.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−2.7%
Dividend (yield on the price)6.0%
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% vs 21%, 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.−34% → 5%
Start year 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 208% above its own trend.

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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.Airlines · 60 stocks

Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 51 · Above median
Fair Value upside +200% · Top 25%
Profitability
Return on equity (TTM) 10% · Below median
Return on assets 3% · Above median
Net margin (TTM) 1% · Below median
Operating margin (TTM) −11% · Bottom 25%
Growth and dividend
Revenue growth 4% · Bottom 25%
Dividend yield (TTM) 6.0% · Top 25%
Balance sheet
Debt / equity 0.03× · Lowest 25%

Valuation Multiplesvs Airlines median · lower = cheaper

P/E (TTM) 23.8× · Priciest 25%
P/B 0.46× · Cheapest 25%
P/S (TTM) 0.08× · Cheapest 25%
P/FCF 0.5× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 61
FUTURE (revenue growth)19 · sector 49
PAST (return on equity)41 · sector 49
HEALTH (low debt)99 · sector 69
DIVIDEND (yield)100 · sector 48

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 Airlines stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Delta Air Lines, Inc DAL $83.92 $121.89 +45%
United Airlines Holdings UAL $115.21 $149.86 +30%
Ryanair Holdings RYA €23.46 €48.53 +107%
Southwest Airlines Co LUV $42.08 $14.76 −65%
InterGlobe Aviation Limited INDIGO ₹5,029 ₹3,073 −39%
Singapore Airlines Limited C6L 6.57 SGD 7.89 SGD +20%
LATAM Airlines Group LTM $53.45 $106.79 +100%
China Southern Airlines Company 600029 ¥4.96 ¥2.78 −44%
Deutsche Lufthansa AG LHA €7.88 €9.90 +26%
American Airlines Group AAL $13.61 $3.52 −74%

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Cite: Fair Value Calculator (2026). "Enter Air S.A. Fair Value". https://www.fairvalue-calculator.com/stock/ENT

Frequently asked questions

Is Enter Air S.A. (ENT) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 150.00 PLN versus a price of 50.00 PLN, about +200% upside (undervalued).
What is the fair value of ENT?
Our model-based fair value for Enter Air S.A. is 150.00 PLN (as of Sep 24, 2026), built from audited fundamentals. The current price: 50.00 PLN.
What is the quality score of ENT?
Enter Air 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 price target for Enter Air S.A. (ENT)?
Our model-based price target is the fair value of 150.00 PLN (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 105.00 PLN, optimistic scenario 354.23 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Enter Air S.A. stock forecast for 2026?
Our models put fair value at 150.00 PLN, about +200% upside versus a price of 50.00 PLN (undervalued). Cautious scenario 105.00 PLN, optimistic scenario 354.23 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Enter Air S.A. (ENT)?
Enter Air S.A. reported trailing-twelve-month revenue of about 3.0B PLN (latest available figure, as of Sep 24, 2026).
Does Enter Air S.A. pay a dividend?
Enter Air S.A. currently shows a dividend yield of about 6.02% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Enter Air S.A. (ENT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Enter Air S.A. it is 150.00 PLN per share (as of Sep 24, 2026), against a price of 50.00 PLN. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Enter Air S.A. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, ENT trades below its calculated fair value: price 50.00 PLN, fair value 150.00 PLN, a gap of about +200% (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 ENT?
No. The price is what the market pays today (50.00 PLN); the fair value is what the company's own numbers justify (150.00 PLN). For Enter Air S.A. the two are 100.00 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Enter Air S.A. worth?
The market values Enter Air S.A. at about 877M PLN (market capitalisation, as of Sep 24, 2026). Per share that is 50.00 PLN; our models calculate a fair value of 150.00 PLN per share.
What do the bullish and bearish scenarios say about ENT?
Our models span a range for Enter Air S.A.: cautious scenario 105.00 PLN, base 150.00 PLN, optimistic 354.23 PLN per share (as of Sep 24, 2026, price 50.00 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ENT?
Enter Air S.A. trades at a price-to-earnings ratio of 23.8 (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 150.00 PLN is built from several models across several years. Other multiples: P/B 0.5, P/S 0.1.
How solid is the balance sheet of Enter Air S.A. (ENT)?
Balance-sheet figures for Enter Air S.A. (as of Sep 24, 2026): return on equity 10.4%, debt of 0.03 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is ENT from its 52-week high?
Enter Air S.A. trades at 50.00 PLN, about 24% below its 52-week high of 66.10 PLN and 3% above the low of 48.70 PLN (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 150.00 PLN is for.
Which stocks are comparable to Enter Air S.A.?
From the same area (Industrials) we also value Delta Air Lines, Inc, United Airlines Holdings, Ryanair Holdings, Southwest Airlines Co, 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 Enter Air S.A. stock attractive at the current price?
The data as of Sep 24, 2026: price 50.00 PLN, calculated fair value 150.00 PLN (+200%), Quality Score 51/100, from 26 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 ENT calculated?
We run Enter Air S.A. through 26 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 150.00 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 14.1 % above its aggregate fair value. Enter Air S.A. currently trades 200 % 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 Enter Air S.A. (ENT)?
The closing price on Sep 23, 2026 was 50.00 PLN. Our model-based fair value is 150.00 PLN, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Enter Air S.A. right now?
The price is below even our cautious bear case (105.00 PLN). The market is more pessimistic than our downside scenario. The model range is unusually wide (105.00 PLN to 354.23 PLN). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Enter Air S.A. (ENT) come from?
Earnings per share at Enter Air S.A. grew +16.6 % a year from 2013 to 2024. Broken into its drivers: revenue per share +11.7 %, EBIT margin +6.2 %, tax rate +0.8 %, residual (interest, one-offs) −2.4 %. 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 Enter Air S.A.

How large is the market capitalisation of Enter Air S.A. (ENT)?
The market capitalisation of Enter Air S.A. is 877M PLN (≈ $228M). 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 Enter Air S.A. (ENT)?
The price-to-sales ratio of Enter Air S.A. is 1.80 (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 Enter Air S.A. (ENT)?
Earnings per share at Enter Air S.A. are 2.10 PLN (price ÷ EPS = P/E 23.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Enter Air S.A. (ENT)?
The dividend yield of Enter Air S.A. is 6.0% (payout 143%). 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 Enter Air S.A. (ENT)?
The net margin of Enter Air S.A. is 7.5% (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 Enter Air S.A. (ENT)?
The return on equity (ROE) of Enter Air S.A. is 10.4% (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 Enter Air S.A. (ENT)?
On an EBIT basis the return on assets of Enter Air S.A. is 6.8% (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 Enter Air S.A. (ENT)?
The operating margin of Enter Air S.A. is −10.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Enter Air S.A. (ENT)?
Revenue at Enter Air S.A. is growing +3.7% versus a year earlier (3y avg +9.4%). 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 Enter Air S.A. (ENT)?
Earnings per share at Enter Air S.A. are growing −41.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Enter Air S.A. (ENT) generate?
The free cash flow of Enter Air S.A. is 476M 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 Enter Air S.A. (ENT) carry?
The net debt of Enter Air S.A. is 1.8B PLN (fiscal year 2024, ≈ 3.7 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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