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Fiplasto SA (FIPL) Fair Value & Analysis

Consumer Cyclical · AR · Market cap 27.5B ARS (≈ $19.3M) · ISIN ARP416191426

FS Fiplasto SA FIPL · BA
Price146.00 ARS
Fair Value120.18 ARS
Upside-17.7%
Quality22/100
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Risks

!Trades 21% ABOVE our fair value of 120.18 ARS
!Expensive Growth (revenue 5y +93.9 %/yr)
!Loss-making · -24.1% net margin
!Low debt · negative free cash flow
Expensive Growth (revenue 5y +93.9 %/yr)
Loss-making · -24.1% net margin
Low debt · negative free cash flow
Trails peers (1/9)
Narrow moat 9/100
Evidence: Low Range 89.69 ARS – 179.37 ARS Share as image

Fair value as of: Aug 15, 2026

From 2 valuation models · updated 15 days ago

Share price −15.4% over the past month.

Below-average quality, and trading another 21% above our fair value.

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What matters now

  • Weak quality (22/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (89.69 ARS to 179.37 ARS) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

389.00 ARS 5.95 ARS Fair Value 120.18 ARS Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 15, 2026.

How to read this chart

60‑month range 5.95 ARS – 389.00 ARS · fair‑value band 89.69 ARS – 179.37 ARS · the 146.00 ARS price screens above the 120.18 ARS fair value. Dashed = 300-day average. As of Aug 15, 2026.

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Analysis

Fiplasto SA (FIPL) currently trades at 146.00 ARS, while our model-based Fair Value estimate is 120.18 ARS, implying the stock looks roughly 17.7% overvalued today. The Quality Score stands at 22/100 (below-average quality), in the Consumer Cyclical 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: low).

Over the trailing twelve months, Fiplasto SA generated revenue of 35.3B ARS at a net margin of -24.1%. Revenue grew 21.6% year over year. It earns a return on equity of -19.7%. Net debt stands at 1.3B ARS. Fundamentals as of Aug 15, 2026

Our scenario range runs from 89.69 ARS (bear case) to 179.37 ARS (bull case); at 146.00 ARS, 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 49% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -10% fair-value upside, at -18%, FIPL screens richer 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
NCAV (Graham) 89.69 ARS 120.18 ARS 179.37 ARS 50
Owner Earnings 69.18 ARS 148.72 ARS 315.70 ARS 31
All 2 models by family
DCF Models
Owner Earnings 69.18 ARS 148.72 ARS 315.70 ARS 31
Asset-Based
NCAV (Graham) 89.69 ARS 120.18 ARS 179.37 ARS 50

Widest divergence: DCF Models (148.72 ARS) versus Asset-Based (120.18 ARS). Highest evidence: NCAV (Graham) (50).

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Key figures & financial health

P/S ratio 0.78 TTM
EPS (TTM) -46.69 ARS
Net margin -2.6% FY2025
Return on equity -19.7% TTM
Return on assets (EBIT) 17.7% avg 5y
Operating margin -34.1% TTM
More key figures
Growth
Revenue (TTM) 35.3B ARS TTM
Revenue growth (YoY) +21.6% 3y avg +103%
EPS growth (YoY) -57.0%
Balance sheet & cash flow
Free cash flow −12.9B ARS FY2025
Net debt 1.3B ARS FY2024

Figures from reported company fundamentals · as of Aug 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 22/100

Of which business quality 27 · Market factors (momentum, volatility) 27

Profitability 9
Margins and returns on capital today
Quality Growth 16
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 41
Balance sheet, leverage, solvency risk
Investment 22
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 13
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 40
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

Fiplasto S.A. produces and sells wood fiber hardboards and furniture. It offers a range of products for auto parts, packaging, furniture and door manufacturing, blackboards, construction formwork, displays and signage, and other applications. Fiplasto S.A. was founded in 1945 and is based in Buenos Aires, Argentina.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fiplasto SA reported revenue of 32.0B ARS in FY2025 versus 1.9B ARS in FY2021, a compound +103.1%/yr. Reported net income was −834M ARS in FY2025.

Growth Quality 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
32.0B ARS
Latest YoY
−26.1%
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.
+102.8%
Avg. revenue 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.
+93.9%
Avg. revenue growth/yr (9Y) 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.
+60.2%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +103.1%/yr
FY21 1.9B ARS
FY22 3.8B ARS
FY23 31.5B ARS
FY24 43.3B ARS
FY25 32.0B ARS
Net income
FY21 −22.1M ARS
FY22 324M ARS
FY23 11.6B ARS
FY24 6.2B ARS
FY25 −834M ARS

FIPL screens 18% overvalued. Compare with Midea Group →

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Cite: Fair Value Calculator (2026). "Fiplasto SA Fair Value". https://www.fairvalue-calculator.com/stock/FIPL

Peer Group

Furnishings, Fixtures & Appliances · 319 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 27 · Bottom 25%
Fair Value upside −18% · Below median
Return on assets -13% · Bottom 25%
Net margin (TTM) -24% · Bottom 25%
Operating margin (TTM) -34% · Bottom 25%
Revenue growth 22% · Top 25%
Dividend yield (TTM) 1.9% · Below median
Debt / equity 0.42× · Higher 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE10 · sector 17
FUTURE100 · sector 0
PAST0 · sector 19
HEALTH79 · sector 98
DIVIDEND37 · sector 56

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 Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Aug 15, 2026).

Stock Price Fair Value vs Fair Value
Midea Group 000333 ¥84.34 ¥99.66 +18%
Gree Electric Appliances, Inc 000651 ¥41.58 ¥86.91 +109%
Haier Smart Home Co 600690 ¥21.79 ¥36.04 +65%
King Slide Works Co 2059 12,500 TWD 1,917 TWD -85%
Guangdong Songfa Ceramics Co 603268 ¥173.26 ¥38.83 -78%
SharkNinja, Inc SN $181.24 $89.07 -51%
Somnigroup International Inc SGI $64.25 $31.80 -51%
Mohawk Industries, Inc MHK $132.17 $119.26 -10%
Hisense Home Appliances Group 000921 ¥26.12 ¥50.62 +94%
Alliance Laundry Holdings ALH $25.91 $7.74 -70%

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Frequently asked questions

Is Fiplasto SA (FIPL) overvalued or undervalued?
As of Aug 15, 2026, our model estimates a fair value of 120.18 ARS versus a price of 146.00 ARS, about −18% (overvalued).
What is the fair value of FIPL?
Our model-based fair value for Fiplasto SA is 120.18 ARS (as of Aug 15, 2026), built from audited fundamentals. The current price: 146.00 ARS.
What is the quality score of FIPL?
Fiplasto SA has a Quality Score of 22/100. 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 Fiplasto SA (FIPL)?
Fiplasto SA reported trailing-twelve-month revenue of about 35.3B ARS (latest available figure, as of Aug 15, 2026).
What is the net profit margin of FIPL?
The net profit margin of Fiplasto SA is about -24.1%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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