Equnico SE (EQU) fair value: what the stock is really worth
We calculate from audited financials what Equnico SE is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
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Industrials · PL · Market cap 457M PLN (≈ $123M)
At a glance
ESEqunico SEEQU · WAR
Price1.45 PLN
Fair Value0.6200 PLN
Upside−57.2%
Quality61/100
A solid business, but trading 134% above our fair value of 0.6200 PLN.
As of Sep 11, 2026, the fair value of Equnico SE is 0.6200 PLN per share against a price of 1.45 PLN, so the fair value sits 57% below the price. A model estimate from reported figures, not an analyst target.
!Weak Growth (revenue 3y −30.4 %/yr)
✓Highly profitable · 22.2% net margin
✓Low debt · generates free cash flow
!Mixed vs. peers (8/15)
!Moderate moat 51/100
!Evidence only low, so the estimate is less certain
!Weak on dividend: 10 out of 100
Evidence: LowRange 0.5000 PLN to 0.9900 PLN
Fair value as of: Sep 11, 2026
From 22 valuation models · updated today
Fair value updated Sep 11, 2026, revised from 0.1500 PLN to 0.6200 PLN (+313.3%) since Aug 13, 2026. Share price −8.2% over the past month.
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69 individual criteria per stock, every one traceable See the method →
What matters now
The price sits above even our optimistic bull case (0.9900 PLN). The favourable scenario is already priced in.
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 but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
A fairly wide model range (0.5000 PLN to 0.9900 PLN) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 11, 2026.
How to read this chart
60‑month range 0.3960 PLN – 1.59 PLN · fair‑value band 0.5000 PLN – 0.9900 PLN · the 1.45 PLN price screens above the 0.6200 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 11, 2026.
Equnico SE (EQU) currently trades at 1.45 PLN, while our model-based Fair Value estimate is 0.6200 PLN, implying the stock looks roughly 133.9% overvalued today. The Quality Score stands at 61/100 (solid quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of 1.24 PLN per share, and 1 of the 22 models we run sit above the 1.45 PLN price. Bear case: the Earnings-Based group reads lowest at 0.2500 PLN, and 21 of the 22 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Equnico SE generated revenue of 79.7M PLN at a net margin of 10.0%. Revenue declined 31.5% year over year. It earns a return on equity of 2.5%. The balance sheet holds a net cash position of 6.8M PLN. Fundamentals as of Sep 11, 2026
Scenario range: 0.5000 PLN (bear) to 0.9900 PLN (bull), the price of 1.45 PLN sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades near its 52-week high and 107% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at −57%, EQU screens richer than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (0.0418 PLN per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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
FCF DCF best evidence0.7200 PLN0.9300 PLN1.19 PLN79
Growth DCF0.7300 PLN0.9200 PLN1.15 PLN77
Owner Earnings0.7600 PLN0.9800 PLN1.26 PLN75
All 22 models by family
DCF Models
FCF DCF best evidence0.7200 PLN0.9300 PLN1.19 PLN79
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Key figures & financial health
P/E ratio24.2
P/S ratio5.72P/E × margin
EPS (TTM)0.0600 PLNprice ÷ EPS = P/E 24.2
Dividend yield0.5%payout 12.1%
Net margin23.7%FY2025
Return on equity2.5%TTM
More key figures
Profitability
Return on assets (EBIT)1.5%avg 5y
Operating margin12.1%TTM
Growth
Revenue (TTM)79.7M PLNTTM
Revenue growth (YoY)−31.5%3y avg −30.4%
Balance sheet & cash flow
Free cash flow23.1M PLNFY2025
Net cash6.8M PLNFY2025
Figures from reported company fundamentals · as of Sep 11, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality61/100
Of which business quality 61
· Market factors (momentum, volatility) 77
Profitability42
Margins and returns on capital today
Quality Growth41
Are margins and returns improving?
Cashflow79
Earnings quality: real cash, not paper profit
Fin. Strength49
Balance sheet, leverage, solvency risk
Investment83
Disciplined investing over empire-building
Low Volatility67
Calm price path (market factor)
Momentum72
Price trend over the last 3–12 months (market factor)
52W Momentum97
Distance to the 52-week high (market factor)
Net Issuance82
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Equnico SE, together with its subsidiaries, engages in the construction business in Estonia, Poland, Uzbekistan, and Central and Eastern Europe.
Full company description
Equnico SE, together with its subsidiaries, engages in the construction business in Estonia, Poland, Uzbekistan, and Central and Eastern Europe. It is involved in the construction of civil engineering structures; erection of reinforced concrete structures; production of mineral-asphalt mixtures for use in road subgrade layers; production of steel structures for power, industrial, and civil networks; construction and modernization of power line installations; power stations; and supply of materials and equipment for infrastructure investments. The company also offers office operation, telecommunication, financial, consulting, couriers, and marketing services. It serves construction, energy, transport, and storage and disposal of waste companies, as well as individual and business customers. The company was formerly known as Resbud SE and changed its name to Equnico SE in September 2024. Equnico SE was founded in 1950 and is headquartered in Modlniczka, Poland.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Equnico SE reported revenue of 98.5M PLN in FY2025 versus 279M PLN in FY2021, a compound −23.0%/yr. Reported net income was 23.3M PLN in FY2025.
Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
98.5M PLN
Latest YoY
−2.6%
Avg. revenue 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.
−30.4%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
≈ +64.5%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+64.0%
Dividend yield0.5%
Operating margin (EBIT) ⓘ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.0.6% (2021) → −5.1% (2025) · falling
Worst earnings drop209% (2021) (loss year, drop beyond 100%) · in PLN
⚠ Final year 2025 sits 153% above trend (one-off), rate approximate
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). "Equnico SE Fair Value". https://www.fairvalue-calculator.com/stock/EQU
Peer Group
Engineering & Construction · 816 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.
Valuation
Quality Score61 · Top 25%
Fair Value upside−90% · Bottom 25%
Profitability
Return on equity (TTM)8% · Above median
Return on assets−1% · Bottom 25%
Net margin (TTM)22% · Top 25%
Operating margin (TTM)12% · Top 25%
Growth and dividend
Revenue growth11% · Above median
Dividend yield (TTM)0.5% · Bottom 25%
Balance sheet
Debt / equity0.07× · Below median
Valuation Multiples vs Engineering & Construction median · lower = cheaper
P/E (TTM)24.2× · Pricier than median
P/B0.60× · Cheaper than median
P/S (TTM)1.06× · Pricier than median
P/FCF4.6× · Pricier than median
EV/EBITDA30.0× · Priciest 25%
PEG1.04× · Cheaper than median
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Equnico SE deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years+11.4 % per year
Achieved revenue growth, 4 years-23.0 % p.a.
Sector median revenue growth+4.6 %
FCF yield on price5.05 %
Discount rate (WACC) in the models12.1 %
The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →
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.
This stockSector peers
VALUE0· sector 17
FUTURE53· sector 12
PAST32· sector 26
HEALTH97· sector 94
DIVIDEND10· sector 39
VALUE 0: the price sits above our fair-value range.
Insider activity: 30/100
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 Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Sep 11, 2026).
As of Sep 11, 2026, our model estimates a fair value of 0.6200 PLN versus a price of 1.45 PLN, about −57% upside (overvalued).
What is the fair value of EQU?
Our model-based fair value for Equnico SE is 0.6200 PLN (as of Sep 11, 2026), built from audited fundamentals. The current price: 1.45 PLN.
What is the quality score of EQU?
Equnico SE has a Quality Score of 61/100. 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 Equnico SE (EQU)?
Our model-based price target is the fair value of 0.6200 PLN (as of Sep 11, 2026) from 22 valuation models. Cautious scenario 0.5000 PLN, optimistic scenario 0.9900 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Equnico SE stock forecast for 2026?
Our models put fair value at 0.6200 PLN, about −57% upside versus a price of 1.45 PLN (overvalued). Cautious scenario 0.5000 PLN, optimistic scenario 0.9900 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Equnico SE (EQU)?
Equnico SE reported trailing-twelve-month revenue of about 79.7M PLN (latest available figure, as of Sep 11, 2026).
What is the net profit margin of EQU?
The net profit margin of Equnico SE is about 10.0%, meaning it keeps roughly 10.0% of revenue as net income. Based on the latest reported figures.
Does Equnico SE pay a dividend?
Equnico SE currently shows a dividend yield of about 0.50% relative to its recent price (as of Sep 11, 2026).
What growth is priced into Equnico SE (EQU)?
For today's price to be fair in a discounted-cash-flow model, Equnico SE would have to grow free cash flow by +11.4 % per year for ten years (discount rate 12.1 %, then 2 % perpetual growth). Over the last 4 years revenue grew -23.0 % per year. As of Sep 11, 2026.
What discount rate (WACC) does the fair value of EQU use?
Our models discount Equnico SE at 12.1 %: a base by market capitalisation (micro), damped by beta 0.16, country premium for Poland. The same rate applies in all 26 models.
What is the intrinsic value of Equnico SE (EQU)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Equnico SE it is 0.6200 PLN per share (as of Sep 11, 2026), against a price of 1.45 PLN. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Equnico SE stock overvalued or undervalued in 2026?
As of Sep 11, 2026, EQU trades above its calculated fair value: price 1.45 PLN, fair value 0.6200 PLN, a gap of about −57% (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 EQU?
No. The price is what the market pays today (1.45 PLN); the fair value is what the company's own numbers justify (0.6200 PLN). For Equnico SE the two are 0.8300 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Equnico SE worth?
The market values Equnico SE at about 457M PLN (market capitalisation, as of Sep 11, 2026). Per share that is 1.45 PLN; our models calculate a fair value of 0.6200 PLN per share.
What do the bullish and bearish scenarios say about EQU?
Our models span a range for Equnico SE: cautious scenario 0.5000 PLN, base 0.6200 PLN, optimistic 0.9900 PLN per share (as of Sep 11, 2026, price 1.45 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EQU?
Equnico SE trades at a price-to-earnings ratio of 24.2 (as of Sep 11, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.6200 PLN is built from several models across several years. Other multiples: PEG 1.0, P/B 0.6, P/S 1.1, EV/EBITDA 30.0.
What is the PEG ratio of EQU?
The PEG ratio of Equnico SE is 1.04 (P/E divided by earnings growth, as of Sep 11, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Equnico SE (EQU)?
Balance-sheet figures for Equnico SE (as of Sep 11, 2026): return on equity 7.9%, debt of 0.07 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is EQU from its 52-week high?
Equnico SE trades at 1.45 PLN, about 4% below its 52-week high of 1.39 PLN and 107% above the low of 0.7020 PLN (as of Sep 11, 2026). Distance from the high says nothing about value: that is what the fair value of 0.6200 PLN is for.
Which stocks are comparable to Equnico SE?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro 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 Equnico SE stock attractive at the current price?
The data as of Sep 11, 2026: price 1.45 PLN, calculated fair value 0.6200 PLN (−57%), Quality Score 61/100, from 22 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 EQU calculated?
We run Equnico SE through 22 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 0.6200 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 32.6 % above its aggregate fair value. Equnico SE 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 <a href="/is-it-worth-investing-now/">is it worth investing now</a>.
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