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Fabrity S.A (FAB) Fair Value & Analysis

Technology · PL · Market cap 74.5M PLN

FS Fabrity S.A FAB · WAR
Price26.00 PLN
Fair Value32.71 PLN
Upside+25.8%
Quality66/100
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Weak Growth
Thin margins · 5.7% net margin
generates free cash flow
Ranks above peers (11/13)
Moderate moat 45/100
Evidence: High Range 24.53 PLN – 40.89 PLN Share as image

Fair value as of: Jul 14, 2026

From 26 valuation models · updated 27 days ago

Share price −3.7% over the past month.

A solid business, screening 26% undervalued on our models.

What matters now

  • Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from 24.53 PLN (bear) to 40.89 PLN (bull), base 32.71 PLN. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 66/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

28.48 PLN 9.80 PLN Fair Value 32.71 PLN Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range 9.80 PLN – 28.48 PLN · fair‑value band 24.53 PLN – 40.89 PLN · the 26.00 PLN price screens below the 32.71 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

Full chart & analysis →

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Analysis

Fabrity S.A (FAB) currently trades at 26.00 PLN, while our model-based Fair Value estimate is 32.71 PLN, implying the stock looks roughly 25.8% undervalued today. The Quality Score stands at 66/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Fabrity S.A generated revenue of 69.3M PLN at a net margin of 4.0%. Revenue declined 8.7% year over year. It earns a return on equity of 9.2%. The balance sheet holds a net cash position of 11.8M PLN. Fundamentals as of Jul 14, 2026

Our scenario range runs from 24.53 PLN (bear case) to 40.89 PLN (bull case); at 26.00 PLN, the current price sits within 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 12% below its 52-week high and 13% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at 26%, FAB 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 8.81 PLN 9.92 PLN 13.48 PLN 76
Growth DCF 27.29 PLN 34.18 PLN 42.05 PLN 72
Gordon GGM 20.90 PLN 35.00 PLN 45.43 PLN 70
All 26 models by family
DCF Models
FCF DCF 27.16 PLN 35.00 PLN 44.45 PLN 38
Owner Earnings 20.41 PLN 25.89 PLN 32.51 PLN 31
5Y Revenue Exit 21.91 PLN 28.93 PLN 37.45 PLN 39
5Y EBITDA Exit 26.42 PLN 37.15 PLN 49.24 PLN 41
5Y P/E Exit 25.69 PLN 35.82 PLN 46.07 PLN 38
10Y Revenue Exit 23.75 PLN 29.99 PLN 37.63 PLN 36
10Y EBITDA Exit 26.49 PLN 34.81 PLN 45.15 PLN 37
10Y P/E Exit 26.10 PLN 34.03 PLN 43.12 PLN 35
Earnings-Based
Graham-Dodd 9.34 PLN 25.88 PLN 33.99 PLN 54
Lynch FV 5.18 PLN 7.39 PLN 9.61 PLN 50
PEG = 1.0 5.18 PLN 7.39 PLN 9.61 PLN 46
EPV 10.13 PLN 10.78 PLN 11.32 PLN 59
Dividend Discount
Gordon GGM 20.90 PLN 35.00 PLN 45.43 PLN 70
DDM Multi-Stage 20.90 PLN 29.97 PLN 37.65 PLN 61
Multiples
P/E Multiple 22.68 PLN 30.23 PLN 37.79 PLN 63
P/S Multiple 17.52 PLN 23.36 PLN 29.20 PLN 58
P/B Multiple 17.52 PLN 23.36 PLN 29.20 PLN 55
EV/EBIT 24.19 PLN 30.70 PLN 37.21 PLN 53
EV/EBITDA 28.83 PLN 36.89 PLN 44.95 PLN 54
EV/Revenue 18.60 PLN 24.57 PLN 30.54 PLN 43
Asset-Based
NCAV (Graham) 5.01 PLN 6.71 PLN 10.01 PLN 50
Growth DCF
Growth DCF 27.29 PLN 34.18 PLN 42.05 PLN 72
Rev-Margin DCF 21.91 PLN 29.29 PLN 37.65 PLN 67
Economic Profit
Residual Income 8.81 PLN 9.92 PLN 13.48 PLN 76
ROIC Compounder 10.15 PLN 11.02 PLN 11.95 PLN 67
Growth Earnings
Growth-Adj P/E 17.96 PLN 25.66 PLN 33.36 PLN 68

Widest divergence: DCF Models (34.03 PLN) versus Asset-Based (6.71 PLN). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 67.1M PLN
Revenue growth (YoY) -11.9%
Net margin 5.7%
Return on equity 12.5%
Free cash flow 7.7M PLN FY2025
P/E ratio 17.9
More key figures
Operating margin 6.0%
EPS (TTM) 1.50 PLN
EPS growth (YoY) +506%
Net cash 11.8M PLN FY2024

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 69 · Market factors (momentum, volatility) 65

Profitability 67
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 91
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 59
Distance to the 52-week high (market factor)
Net Issuance 20
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

Fabrity S.A. provides technological solutions in Poland. The company offers enterprise software and web and mobile development, legacy system modernization, and digital transformation; data engineering services, including snowflake deployment, data migration and integration, AI-powered data analytics, big data solutions, data processing and transformation, …

Full company description

Fabrity S.A. provides technological solutions in Poland. The company offers enterprise software and web and mobile development, legacy system modernization, and digital transformation; data engineering services, including snowflake deployment, data migration and integration, AI-powered data analytics, big data solutions, data processing and transformation, and data governance and security; and generative AI. It also designs and build blockchain business applications. In addition, the company offers Nexen Suite, an industrial IoT platform designed for industry, smart cities, and large enterprises; Azure development services comprising Azure AI Services, Azure Internet of Things (IoT), Azure Cloud architecture and consulting, Azure Infrastructure as a Service, Azure Platform as a Service, and Azure Software as a Service; and digital solutions. Further, it provides B2C eCommerce development, B2B eCommerce development, migration, maintenance, UX/UI audit, eCommerce CRO, code audit, team extension, and PIM; and low-code solutions. The company serves life science, healthcare, construction, FMCG, energy and utilities, transportation and logistics, financial services, manufacturing, consumer goods and retail, automotive, and media and communication industries. The company was formerly known as Fabrity Holding S.A. and changed its name to Fabrity S.A. in January 2025. Fabrity S.A. was founded in 1997 and is headquartered in Warsaw, Poland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fabrity S.A reported revenue of 67.1M PLN in FY2025 versus 40.7M PLN in FY2021, a compound +13.3%/yr. Reported net income was 3.8M PLN in FY2025, compounding −4.0%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
67.1M PLN
Latest YoY
−10.2%
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.
+7.9%
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.
−8.4%
Avg. growth/yr (20Y) 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.
+9.1%
Revenue +13.3%/yr
FY21 40.7M PLN
FY22 53.4M PLN
FY23 68.7M PLN
FY24 74.7M PLN
FY25 67.1M PLN
Net income −4.0%/yr
FY21 4.5M PLN
FY22 24.2M PLN
FY23 12.9M PLN
FY24 7.2M PLN
FY25 3.8M PLN
Character of growth · EPS growth decomposed (2014-2024) +20.3 % p.a.
Revenue per share −2.4 pp

of which total revenue −2.8 pp · buybacks/dilution +0.4 pp

EBIT margin +24.1 pp
Tax rate +1.3 pp
Residual (interest, one-offs) −2.7 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).

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

Peer Group

Software - Application · 709 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 66 · Above median
Fair Value upside +26% · Top 25%
Return on equity (TTM) 13% · Above median
Return on assets 6% · Top 25%
Net margin (TTM) 6% · Above median
Operating margin (TTM) 6% · Above median
Revenue growth -12% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Software - Application median · lower = cheaper

P/E (TTM) 17.9× · Cheaper than median
P/B 0.72× · Cheaper than 75% of peers
P/S (TTM) 0.30× · Cheaper than 75% of peers
P/FCF 2.6× · Cheaper than median
EV/EBITDA 1.5× · 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 68 · sector 0
FUTURE 0 · sector 38
PAST 50 · sector 13
HEALTH 0 · sector 98
DIVIDEND 0 · sector 28

Insider activity: 45/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAPS C$12.69 C$16.26 +28%
Shopify Inc SHOP C$173.23 C$20.54 -88%
Uber Technologies, Inc UBER $72.67 $51.11 -30%
Salesforce, Inc CRM $170.77 $182.10 +7%
ServiceNow, Inc NOW $107.71 $33.12 -69%
Cadence Design Systems, Inc CDNS $384.17 $80.41 -79%
Snowflake Inc SNOW $271.87 $34.04 -87%
Adobe Inc ADBE $230.61 $379.48 +65%
Automatic Data Processing, Inc ADP $241.92 $177.51 -27%
Intuit Inc INTU $291.09 $258.69 -11%

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Frequently asked questions

Is Fabrity S.A (FAB) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of 32.71 PLN versus a price of 26.00 PLN, about +26% (undervalued).
What is the fair value of FAB?
Our model-based fair value for Fabrity S.A is 32.71 PLN (as of Jul 14, 2026), built from audited fundamentals. The current price is 26.00 PLN.
What is the quality score of FAB?
Fabrity S.A has a Quality Score of 66/100. 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 Fabrity S.A (FAB)?
Fabrity S.A reported trailing-twelve-month revenue of about 69.3M PLN (latest available figure, as of Jul 14, 2026).
What is the net profit margin of FAB?
The net profit margin of Fabrity S.A is about 4.0%, meaning it keeps roughly 4.0% of revenue as net income. Based on the latest reported figures.
Does Fabrity S.A pay a dividend?
Fabrity S.A currently shows a dividend yield of about 6.87% relative to its recent price (as of Jul 14, 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.

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