Fondul Proprietatea SA (FP) Fair Value & Analysis
Financial Services · RO · Market cap 1.8B RON
Fair value as of: Jul 26, 2026
From 17 valuation models · updated 12 days ago
Fair value updated Jul 26, 2026, revised from 1.11 RON to 0.2100 RON (−81.1%) since Jun 26, 2026. Share price +4.1% over the past month.
A strong business, but screening 66% overvalued on our models.
What matters now
- A high-quality business (quality 90/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (0.2700 RON). The favourable scenario is already priced in.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 26, 2026.
How to read this chart
60‑month range 0.2386 RON – 1.58 RON · fair‑value band 0.1600 RON – 0.2700 RON · the 0.6090 RON price screens above the 0.2100 RON fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 26, 2026.
Analysis
Fondul Proprietatea SA (FP) currently trades at 0.6090 RON, while our model-based Fair Value estimate is 0.2100 RON, implying the stock looks roughly 65.5% overvalued today. We read business quality at 90/100 (high quality), in the Financial Services 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: medium).
Over the trailing twelve months, Fondul Proprietatea SA generated revenue of 479M RON at a net margin of 92.3%. It earns a return on equity of 19.7%. The stock trades on a trailing P/E of 4.3. Fundamentals as of Jul 26, 2026
Our scenario range runs from 0.1600 RON (bear case) to 0.2700 RON (bull case); at 0.6090 RON, the current price sits above 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 14% below its 52-week high and 78% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -56% fair-value upside, at -66%, FP 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.
All 17 models by family
Widest divergence: Growth Earnings (0.6045 RON) versus Multiples (0.0404 RON). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 26, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 87 · Market factors (momentum, volatility) 80
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
Fondul Proprietatea SA is a publicly owned investment manager. The firm invests in the public equity markets of Romania. The firm primarily invests in Power, Oil and Gas sectors. Fondul Proprietatea SA was founded in 2005 and is based in Bucharest, Romania.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Fondul Proprietatea SA reported revenue of 484M RON in FY2025 versus 5.1B RON in FY2021, a compound −44.6%/yr. Reported net income was 450M RON in FY2025, compounding −45.3%/yr from FY2021.
FP screens 66% overvalued. Compare with BlackRock, Inc →
Peer Group
Asset Management · 963 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 Multiples vs Asset Management median · lower = cheaper
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 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Jul 26, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| BlackRock, Inc BLK | $1,036 | $504.81 | -51% |
| Blackstone Inc BX | $124.56 | $16.35 | -87% |
| Investor AB INVEB | kr 394.40 | kr 788.80 | +100% |
| Brookfield Corporation BN | C$62.45 | C$10.12 | -84% |
| KKR & Co KKR | $100.94 | $44.88 | -56% |
| AB Industrivärden INDUA | kr 532.50 | kr 1,065 | +100% |
| Jio Financial Services Limited JIOFIN | ₹242.98 | ₹40.19 | -83% |
| Bajaj Holdings BAJAJHLDNG | ₹10,398 | ₹9,202 | -12% |
| HDFC Asset Management Company HDFCAMC | ₹2,729 | ₹301.41 | -89% |
| 360 One Wam Limited 360ONE | ₹1,099 | ₹338.59 | -69% |
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Frequently asked questions
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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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