IFirma SA (IFI) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of IFirma SA PLN 45.51, price PLN 21.60, upside +110.7%, quality 82 out of 100. 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, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 8.05 PLN – 37.10 PLN · fair‑value band 27.52 PLN – 73.07 PLN · the 21.60 PLN price screens below the 45.51 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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IFirma SA provides accounting services. The company offers services and tools for tax settlements and supporting business activities. It also provides Outsourcing and recruitment of IT specialists, and IT services and IT solutions, as well as internet accounting and the invoicing program Faktura+.
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IFirma SA provides accounting services. The company offers services and tools for tax settlements and supporting business activities. It also provides Outsourcing and recruitment of IT specialists, and IT services and IT solutions, as well as internet accounting and the invoicing program Faktura+. In addition, the company offers accounting office, independent accounting, free invoice program, company registration, e-commerce integrator, and unregistered activity, as well as mobile application program. It serves programmers, freelancers, beauty industry, doctors, IT/startups, lawyers and legal advisors, e-commerce, and health sectors. The company was formerly known as Power Media S.A. and changed its name to Ifirma SA in June 2017. IFirma SA was founded in 1997 is based in Wroclaw, Poland.
Stock analysis
IFirma SA (IFI) currently trades at 21.60 PLN, while our model-based Fair Value estimate is 45.51 PLN, implying the stock looks roughly 52.5% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 58.35 PLN per share, and 23 of the 26 models we run sit above the 21.60 PLN price.
Bear case: the Economic Profit group reads lowest at 11.00 PLN, and 3 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 27.52 PLN (bear) to 73.07 PLN (bull), the price of 21.60 PLN sits below 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 82/100 (high quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
IFirma SA reported revenue of 63.4M PLN in FY2025 versus 33.5M PLN in FY2021, a compound +17.3%/yr. Reported net income was 13.0M PLN in FY2025, compounding +25.3%/yr from FY2021.
Key figures
Market cap 159M PLN (≈ $41.4M) · P/E ratio 11.7 · P/S ratio 2.40 · EPS (TTM) 1.85 PLN · Dividend yield 5.9% · Net margin 20.5% · Return on equity 71.6% · Return on assets (EBIT) 41.6%.
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 39% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 53% fair-value upside, at 111%, IFI screens cheaper than that median.
Fair Value models
Bear 27.52 PLNFair Value 45.51 PLNBull 73.07 PLN
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.4259 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.Evidence ⓘEvidence = 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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+8.8%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+13.8%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+21.2%
Start year 2020 (pandemic). Over 10 years: +19.6% a year
Revenue growth 15 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+15.5%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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 5 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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+33.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+27.5%
Dividend (yield on the price)5.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.44% vs 31%, picking up
Profit margin 2020 to 2025 ⓘ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.10% → 25%
2025 sits 63% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less 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).
+0.5%
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 −2.6% 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.Information Technology Services · 498 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score82 · Top 25%
Fair Value upside+111% · Top 25%
Profitability
Return on equity (TTM)72% · Top 25%
Return on assets32% · Top 25%
Net margin (TTM)19% · Top 25%
Operating margin (TTM)18% · Top 25%
Growth and dividend
Revenue growth−2% · Below median
Dividend yield (TTM)5.9% · Top 25%
Valuation Multiplesvs Information Technology Services median · lower = cheaper
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). "IFirma SA Fair Value". https://www.fairvalue-calculator.com/stock/IFI
Frequently asked questions
Is IFirma SA (IFI) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 45.51 PLN versus a price of 21.60 PLN, about +111% upside (undervalued).
What is the fair value of IFI?
Our model-based fair value for IFirma SA is 45.51 PLN (as of Sep 24, 2026), built from audited fundamentals. The current price: 21.60 PLN.
What is the quality score of IFI?
IFirma SA has a Quality Score of 82/100. 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 IFirma SA (IFI)?
Our model-based price target is the fair value of 45.51 PLN (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 27.52 PLN, optimistic scenario 73.07 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the IFirma SA stock forecast for 2026?
Our models put fair value at 45.51 PLN, about +111% upside versus a price of 21.60 PLN (undervalued). Cautious scenario 27.52 PLN, optimistic scenario 73.07 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of IFirma SA (IFI)?
IFirma SA reported trailing-twelve-month revenue of about 63.1M PLN (latest available figure, as of Sep 24, 2026).
Does IFirma SA pay a dividend?
IFirma SA currently shows a dividend yield of about 5.88% relative to its recent price (as of Sep 24, 2026).
What growth is priced into IFirma SA (IFI)?
For today's price to be fair in a discounted-cash-flow model, IFirma SA would have to grow free cash flow by +0.5 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +21.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of IFI use?
Our models discount IFirma SA at 10.6 %: a base by market capitalisation (nano), 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 IFirma SA that is +0.5 % per year a year over ten years, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has IFirma SA (IFI) delivered so far?
Over the past 5 years revenue at IFirma SA grew +21.2 % a year. The price currently implies +0.5 % 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 IFirma SA (IFI) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into IFirma SA (+0.5 % 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 IFirma SA (IFI)?
The free-cash-flow yield on the price is 8.78 %: that much free cash flow IFirma SA produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of IFirma SA (IFI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For IFirma SA it is 45.51 PLN per share (as of Sep 24, 2026), against a price of 21.60 PLN. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is IFirma SA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, IFI trades below its calculated fair value: price 21.60 PLN, fair value 45.51 PLN, a gap of about +111% (undervalued). 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 IFI?
No. The price is what the market pays today (21.60 PLN); the fair value is what the company's own numbers justify (45.51 PLN). For IFirma SA the two are 23.91 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is IFirma SA worth?
The market values IFirma SA at about 159M PLN (market capitalisation, as of Sep 24, 2026). Per share that is 21.60 PLN; our models calculate a fair value of 45.51 PLN per share.
What do the bullish and bearish scenarios say about IFI?
Our models span a range for IFirma SA: cautious scenario 27.52 PLN, base 45.51 PLN, optimistic 73.07 PLN per share (as of Sep 24, 2026, price 21.60 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IFI?
IFirma SA trades at a price-to-earnings ratio of 11.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 45.51 PLN is built from several models across several years. Other multiples: P/B 2.5, P/S 0.7, EV/EBITDA 2.6.
How solid is the balance sheet of IFirma SA (IFI)?
Balance-sheet figures for IFirma SA (as of Sep 24, 2026): return on equity 71.6%. They feed the Quality Score of 82/100, which measures business quality independently of the share price.
How far is IFI from its 52-week high?
IFirma SA trades at 21.60 PLN, about 39% below its 52-week high of 35.33 PLN and at the low of 21.60 PLN (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 45.51 PLN is for.
Which stocks are comparable to IFirma SA?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys 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 IFirma SA stock attractive at the current price?
The data as of Sep 24, 2026: price 21.60 PLN, calculated fair value 45.51 PLN (+111%), Quality Score 82/100, from 26 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 IFI calculated?
We run IFirma SA through 26 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 45.51 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 13.0 % above its aggregate fair value. IFirma SA currently trades 111 % below its own fair value, and the market average says nothing about that. 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 IFirma SA (IFI)?
The closing price on Sep 24, 2026 was 21.60 PLN. Our model-based fair value is 45.51 PLN, about +111% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with IFirma SA right now?
The rarer combination: high quality (82/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (27.52 PLN). The market is more pessimistic than our downside scenario. The model range is unusually wide (27.52 PLN to 73.07 PLN). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Where does the earnings growth of IFirma SA (IFI) come from?
Earnings per share at IFirma SA grew +32.8 % a year from 2013 to 2024. Broken into its drivers: revenue per share +20.4 %, EBIT margin +12.7 %, tax rate −1.5 %, residual (interest, one-offs) −0.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of IFirma SA
How large is the market capitalisation of IFirma SA (IFI)?
The market capitalisation of IFirma SA is 159M PLN (≈ $41.4M). 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 IFirma SA (IFI)?
The price-to-sales ratio of IFirma SA is 2.40 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of IFirma SA (IFI)?
Earnings per share at IFirma SA are 1.85 PLN (price ÷ EPS = P/E 11.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of IFirma SA (IFI)?
The dividend yield of IFirma SA is 5.9% (payout 68.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of IFirma SA (IFI)?
The net margin of IFirma SA is 20.5% (fiscal year 2025). 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 IFirma SA (IFI)?
The return on equity (ROE) of IFirma SA is 71.6% (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 IFirma SA (IFI)?
On an EBIT basis the return on assets of IFirma SA is 41.6% (avg 5y). 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 IFirma SA (IFI)?
The operating margin of IFirma SA is 17.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at IFirma SA (IFI)?
Revenue at IFirma SA is growing −1.7% versus a year earlier (3y avg +13.8%). 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 IFirma SA (IFI)?
Earnings per share at IFirma SA are growing −33.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does IFirma SA (IFI) hold?
IFirma SA holds more cash than debt, 2.6M PLN net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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