IDH Development S.A (IDH) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of IDH Development S.A stock PLN 0.39, price PLN 2.68, that is 85.4% below the price, quality 70 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range 1.12 PLN – 13.60 PLN · fair‑value band 0.1900 PLN – 0.7400 PLN · the 2.68 PLN price screens above the 0.3900 PLN fair value. As of Nov 4, 2026.
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IDH Development S.A. engages in the infrastructure and building construction business in Poland. The company constructs industrial, infrastructure, office, residential, and large-scale construction projects.
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It is also involved in designing and providing technological solutions for machines and devices included in production lines. The company was founded in 1995 and is headquartered in Warsaw, Poland.
Stock analysis
IDH Development S.A (IDH) currently trades at 2.68 PLN, while our model-based Fair Value estimate is 0.3900 PLN, 85% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 1.85 PLN per share, and 0 of the 23 models we run sit above the 2.68 PLN price.
Bear case: the Economic Profit group reads lowest at 0.0700 PLN, and 23 of the 23 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.1900 PLN (bear) to 0.7400 PLN (bull), the price of 2.68 PLN sits above 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 70/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
IDH Development S.A reported revenue of 7.0M PLN in FY2025 versus −6.2M PLN in FY2022. Reported net income was 942K PLN in FY2025.
Key figures
Market cap 62.5M PLN (≈ $16.0M) Micro · P/E ratio 67.0 · P/S ratio 4.61 · EPS (TTM) 0.0400 PLN · Net margin 5.1% · Return on equity 11.6% · Return on assets (EBIT) 9.9% · Operating margin 10.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 29% below its 52-week high and 105% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at −85%, IDH screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (0.0700 PLN to 1.92 PLN). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear0.1900 PLNFair Value 0.3900 PLNBull0.7400 PLN
Price 2.68 PLN · Downside -85.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.0339 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.
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.59/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
What shareholders gained per year (last 3 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 3 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.
−66.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−66.4%
Dividend (yield on the price)0.0%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+70.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Poland: IMF forecast 3.1% a year to 2030, 4.6% from 2016 to 2025) that is about +64.8% a year for the price.
Price, fair value, quality and upside side by side.
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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.Engineering & Construction · 790 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside−85.4% · Bottom 25%
Profitability
Return on equity (12 months)11.6% · Above median
Return on assets7.3% · Top 25%
Net margin (12 months)5.1% · Above median
Operating margin (12 months)10.4% · Above median
Growth and dividend
Revenue growth (quarter YoY)568.7% · Top 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (12 months)67.0× · Priciest 25%
P/B11.51× · Priciest 25%
P/S (12 months)4.61× · Priciest 25%
Price / free cash flow319.0× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 35
FUTURE (revenue growth)100· sector 20
PAST (return on equity)47· sector 30
HEALTH (low debt)100· sector 94
DIVIDEND (yield)0· sector 43
VALUE 0: the price sits above our fair-value range.
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). "IDH Development S.A Fair Value". https://www.fairvalue-calculator.com/stock/IDH
Frequently asked questions
Is IDH Development S.A (IDH) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 0.3900 PLN versus a price of 2.68 PLN, about 85% lower (overvalued).
What is the fair value of IDH?
Our model-based fair value for IDH Development S.A is 0.3900 PLN (as of Nov 4, 2026), built from audited fundamentals. The current price: 2.68 PLN.
What is the quality score of IDH?
IDH Development S.A has a Quality Score of 70/100. 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 IDH Development S.A (IDH)?
Our model-based price target is the fair value of 0.3900 PLN (as of Nov 4, 2026) from 23 valuation models. Cautious scenario 0.1900 PLN, optimistic scenario 0.7400 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the IDH Development S.A stock forecast for 2026?
Our models put fair value at 0.3900 PLN, about 85% lower versus a price of 2.68 PLN (overvalued). Cautious scenario 0.1900 PLN, optimistic scenario 0.7400 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of IDH Development S.A (IDH)?
IDH Development S.A reported trailing-twelve-month revenue of about 13.6M PLN (latest available figure, as of Nov 4, 2026).
What growth is priced into IDH Development S.A (IDH)?
For today's price to be fair in a discounted-cash-flow model, IDH Development S.A would have to grow free cash flow by +70.0 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 2 years revenue grew -14.5 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of IDH use?
Our models discount IDH Development S.A at 10.5 %: a base by market capitalisation (nano), damped by beta 0.96, country premium for Poland. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For IDH Development S.A that is +70.0 % per year a year over ten years, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has IDH Development S.A (IDH) delivered so far?
Over the past 2 years revenue at IDH Development S.A grew -14.5 % a year. The price currently implies +70.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of IDH Development S.A (IDH) growing?
The median revenue growth in the sector is +7.7 % a year. That is the yardstick for the growth priced into IDH Development S.A (+70.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of IDH Development S.A (IDH)?
The free-cash-flow yield on the price is 0.31 %: that much free cash flow IDH Development S.A produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of IDH Development S.A (IDH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For IDH Development S.A it is 0.3900 PLN per share (as of Nov 4, 2026), against a price of 2.68 PLN. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is IDH Development S.A stock overvalued or undervalued in 2026?
As of Nov 4, 2026, IDH trades above its calculated fair value: price 2.68 PLN, fair value 0.3900 PLN, a gap of about −85% (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 IDH?
No. The price is what the market pays today (2.68 PLN); the fair value is what the company's own numbers justify (0.3900 PLN). For IDH Development S.A the two are 2.29 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is IDH Development S.A worth?
The market values IDH Development S.A at about 62.5M PLN (market capitalisation, as of Nov 4, 2026). Per share that is 2.68 PLN; our models calculate a fair value of 0.3900 PLN per share.
What do the bullish and bearish scenarios say about IDH?
Our models span a range for IDH Development S.A: cautious scenario 0.1900 PLN, base 0.3900 PLN, optimistic 0.7400 PLN per share (as of Nov 4, 2026, price 2.68 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IDH?
IDH Development S.A trades at a price-to-earnings ratio of 67.0 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.3900 PLN is built from several models across several years. Other multiples: P/B 11.5, P/S 4.6.
How solid is the balance sheet of IDH Development S.A (IDH)?
Balance-sheet figures for IDH Development S.A (as of Nov 4, 2026): return on equity 11.6%. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is IDH from its 52-week high?
IDH Development S.A trades at 2.68 PLN, about 29% below its 52-week high of 3.80 PLN and 105% above the low of 1.31 PLN (as of Nov 4, 2026). Distance from the high says nothing about value: that is what the fair value of 0.3900 PLN is for.
Which stocks are comparable to IDH Development S.A?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, Inc, 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 IDH Development S.A stock attractive at the current price?
The data as of Nov 4, 2026: price 2.68 PLN, calculated fair value 0.3900 PLN (−85%), Quality Score 70/100, from 23 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 IDH calculated?
We run IDH Development S.A through 23 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 0.3900 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 15.0% above its aggregate fair value. IDH Development S.A 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 is it worth investing now.
What is the share price of IDH Development S.A (IDH)?
The closing price on Nov 4, 2026 was 2.68 PLN. Our model-based fair value is 0.3900 PLN, about 85% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with IDH Development S.A right now?
The price sits above even our optimistic bull case (0.7400 PLN). The favourable scenario is already priced in. The model range is unusually wide (0.1900 PLN to 0.7400 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 but not exceptional quality (70/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of IDH Development S.A
How large is the market capitalisation of IDH Development S.A (IDH)?
The market capitalisation of IDH Development S.A is 62.5M PLN (≈ $16.0M). 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 IDH Development S.A (IDH)?
The price-to-sales ratio of IDH Development S.A is 4.61 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of IDH Development S.A (IDH)?
Earnings per share at IDH Development S.A are 0.0400 PLN (price ÷ EPS = P/E 67.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of IDH Development S.A (IDH)?
The net margin of IDH Development S.A is 5.1% (last twelve months). 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 IDH Development S.A (IDH)?
The return on equity (ROE) of IDH Development S.A is 11.6% (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 IDH Development S.A (IDH)?
On an EBIT basis the return on assets of IDH Development S.A is 9.9% (avg 4y). 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 IDH Development S.A (IDH)?
The operating margin of IDH Development S.A is 10.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at IDH Development S.A (IDH)?
Revenue at IDH Development S.A is growing +569% versus a year earlier. 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 IDH Development S.A (IDH)?
Earnings per share at IDH Development S.A are growing −44.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does IDH Development S.A (IDH) carry?
The net debt of IDH Development S.A is 2.3K PLN (fiscal year 2025, ≈ 0.0 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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