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Investeko S.A (IVE) fair value: what the stock is really worth

As of Oct 30, 2026: fair value (intrinsic value) of Investeko S.A stock PLN 0.53, price PLN 1.60, upside -66.9%, quality 37 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

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Industrials PL · ISIN PLIVSTK00016

IS Thin data Oct 30, 2026

Investeko S.A

IVE · WAR
Very expensive, weak quality

Our calculation puts a fair price 67% below what the stock costs today.

Low debt
Expensive Growth (revenue 5y +10.3 %/yr in PLN)
Loss over the last twelve months · -9.8% net margin (TTM) · fiscal year 2025 0.8%
Costs 80 times its yearly profit.
Fair value 0.5300 PLN · Strongly overvalued (−66.9%)
Quality 37/100
Negative free cash flow
Trails peers (2/11)
Narrow moat 14/100 · thin data
Thin data
⚠ Thinly traded
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

11.00 PLN 0.5200 PLN Fair Value 0.5300 PLN Jan 2018 Oct 2026

White line = price, green steps = our fair value per fiscal year. As of Oct 30, 2026.

How to read this chart

60‑month range 0.5200 PLN – 11.00 PLN · fair‑value band 0.2500 PLN – 0.8100 PLN · the 1.60 PLN price screens above the 0.5300 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 30, 2026.

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Company profile

Investeko S.A., an environmental company, provides comprehensive consulting and design services in the fields of environmental protection and waste management in Poland and the rest of the European Union.

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The company offers environmental consulting services for environmental engineering, climate, environmental outsourcing, construction projects, planning and technology concepts, and waste-to-energy activities.

It also provides legal services and eco-friendly solutions; services related to the adaptation of facilities to climate change; and land reclamation services.

In addition, the company engages in the implementation of environmental expertise and environmental impact assessments; design and handling of investments around waste management; and complete implementation of tasks in the field of reclamation of degraded areas.

Further, it is involved in the recycling of polyolefin and waste plastics; Bumper recycling; Bottle cap collection; production of regrinds and regranulates; and production of furniture from recycling.

The company was formerly known as Arkadiusz Primus Invest-Eko. Investeko S.A. was founded in 1999 and is headquartered in Swietochlowice, Poland.

Stock analysis

Investeko S.A (IVE) currently trades at 1.60 PLN, while our model-based Fair Value estimate is 0.5300 PLN, 66.9% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of 0.9500 PLN per share, and 1 of the 13 models we run sit above the 1.60 PLN price.

Bear case: the Earnings-Based group reads lowest at 0.1400 PLN, and 12 of the 13 models stay below the price. Data coverage for this calculation is low.

Scenario range: 0.2500 PLN (bear) to 0.8100 PLN (bull), the price of 1.60 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 37/100 (below-average quality), in the Industrials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Investeko S.A reported revenue of 10.4M PLN in FY2025 versus 8.0M PLN in FY2021, a compound +6.7%/yr. Reported net income was 86.9K PLN in FY2025, compounding −47.4%/yr from FY2021.

Key figures

Market cap 8.8M PLN (≈ $2.2M) Micro · P/E ratio 80.0 · P/S ratio 0.67 · EPS (TTM) 0.0200 PLN · Net margin 0.8% · Return on equity −15.2% · Return on assets (EBIT) 2.0% · Operating margin −5.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 14 out of 100 (low confidence).

What moves the price

The share trades about 40% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −29% fair-value upside, at −67%, IVE screens richer than that median.

Fair Value models

The price assumes far more growth than our models allow for, so the models scatter widely (0.1400 PLN to 3.86 PLN). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 0.2500 PLN Fair Value 0.5300 PLN Bull 0.8100 PLN
Price 1.60 PLN · Upside -66.9%
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 (0.0167 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.
Best data coverage
Owner Earnings 0.5200 PLN 0.9500 PLN 1.57 PLN 74
ROIC Compounder 0.2100 PLN 0.2800 PLN 0.3300 PLN 72
EPV 0.2100 PLN 0.2800 PLN 0.3300 PLN 71
All 13 models by family
DCF Models
Owner Earnings 0.5200 PLN 0.9500 PLN 1.57 PLN 74
Earnings-Based
Graham-Dodd 0.1100 PLN 0.4000 PLN 0.5500 PLN 64
Lynch FV 0.1000 PLN 0.1400 PLN 0.1800 PLN 61
PEG = 1.0 0.1000 PLN 0.1400 PLN 0.1800 PLN 57
EPV 0.2100 PLN 0.2800 PLN 0.3300 PLN 71
Multiples
P/E Multiple 0.2500 PLN 0.3300 PLN 0.4100 PLN 63
P/S Multiple 0.2000 PLN 0.2700 PLN 0.3400 PLN 58
EV/EBIT 0.5200 PLN 0.8200 PLN 1.13 PLN 64
EV/EBITDA 2.79 PLN 3.86 PLN 4.93 PLN 67
EV/Revenue 0.2500 PLN 0.5300 PLN 0.8100 PLN 51
Economic Profit
Residual Income 0.8400 PLN 0.7700 PLN 0.7300 PLN 71
ROIC Compounder 0.2100 PLN 0.2800 PLN 0.3300 PLN 72
Growth Earnings
Growth-Adj P/E 0.1800 PLN 0.2600 PLN 0.3300 PLN 68

Open the full fair value analysis →

Quality Score breakdown

Overall quality 37/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 25
How much profit the company makes from its sales and capital
Quality Growth 40
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 24
Debt, balance sheet and risk of trouble
Investment 75
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Momentum 20
Price trend of the last 3 to 12 months, does not count
Near the 52-week high 14
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 50/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+8.4%
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.
+4.1%
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.
+10.3%
Start year 2020 (pandemic)
Revenue growth 9 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%
What shareholders gained per year (last 5 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 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.
−37.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−37.2%
Dividend (yield on the price)0.0%
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.19% → 4%

IVE screens overvalued: fair value 67% below the price. Compare with Waste Management, Inc →

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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.Waste Management · 157 stocks

Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 37 · Bottom 25%
Fair Value upside −66.9% · Bottom 25%
Profitability
Return on assets 0.3% · Below median
Net margin (12 months) −9.8% · Bottom 25%
Operating margin (12 months) −5.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −1.6% · Below median
Balance sheet
Debt / equity 0.22× · Below median

Valuation Multiplesvs Waste Management median · lower = cheaper

P/E (12 months) 80.0× · Priciest 25%
P/B 1.25× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months) 0.82× · Cheaper than median
EV/EBITDA 17.2× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 30
FUTURE (revenue growth)0 · sector 37
PAST (return on equity)0 · sector 23
HEALTH (low debt)89 · sector 82
DIVIDEND (yield)0 · sector 48

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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 Waste Management stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Umicore SA UMI €18.62 €25.28 +36% vs IVE
Waste Management, Inc WM $235.81 $259.39 +10% vs IVE
Waste Connections, Inc WCN $181.97 $200.17 +10% vs IVE
GFL Environmental Inc GFL $43.59 $34.88 −20% vs IVE
Fomento de Construcciones y Contratas, S.A FCC €10.32 €7.30 −29% vs IVE
Veolia Environnement SA VIE €33.01 €20.39 −38% vs IVE
Republic Services, Inc RSG $236.28 $128.63 −46% vs IVE
Clean Harbors, Inc CLH $313.27 $155.54 −50% vs IVE
Cleanaway Waste Management Limited CWY A$2.99 A$1.00 −67% vs IVE
Casella Waste Systems, Inc CWST $93.71 $14.30 −85% vs IVE

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Investeko S.A · Fair Value
0.5300 PLN −67%Fair Value
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Cite: Fair Value Calculator (2026). "Investeko S.A Fair Value". https://www.fairvalue-calculator.com/stock/IVE

Frequently asked questions

Is Investeko S.A (IVE) overvalued or undervalued?
As of Oct 30, 2026, our model estimates a fair value of 0.5300 PLN versus a price of 1.60 PLN, about −67% upside (overvalued).
What is the fair value of IVE?
Our model-based fair value for Investeko S.A is 0.5300 PLN (as of Oct 30, 2026), built from audited fundamentals. The current price: 1.60 PLN.
What is the quality score of IVE?
Investeko S.A has a Quality Score of 37/100. 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 Investeko S.A (IVE)?
Our model-based price target is the fair value of 0.5300 PLN (as of Oct 30, 2026) from 13 valuation models. Cautious scenario 0.2500 PLN, optimistic scenario 0.8100 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Investeko S.A stock forecast for 2026?
Our models put fair value at 0.5300 PLN, about −67% upside versus a price of 1.60 PLN (overvalued). Cautious scenario 0.2500 PLN, optimistic scenario 0.8100 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Investeko S.A (IVE)?
Investeko S.A reported trailing-twelve-month revenue of about 10.7M PLN (latest available figure, as of Oct 30, 2026).
What is the intrinsic value of Investeko S.A (IVE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Investeko S.A it is 0.5300 PLN per share (as of Oct 30, 2026), against a price of 1.60 PLN. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Investeko S.A stock overvalued or undervalued in 2026?
As of Oct 30, 2026, IVE trades above its calculated fair value: price 1.60 PLN, fair value 0.5300 PLN, a gap of about −67% (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 IVE?
No. The price is what the market pays today (1.60 PLN); the fair value is what the company's own numbers justify (0.5300 PLN). For Investeko S.A the two are 1.07 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Investeko S.A worth?
The market values Investeko S.A at about 8.8M PLN (market capitalisation, as of Oct 30, 2026). Per share that is 1.60 PLN; our models calculate a fair value of 0.5300 PLN per share.
What do the bullish and bearish scenarios say about IVE?
Our models span a range for Investeko S.A: cautious scenario 0.2500 PLN, base 0.5300 PLN, optimistic 0.8100 PLN per share (as of Oct 30, 2026, price 1.60 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IVE?
Investeko S.A trades at a price-to-earnings ratio of 80.0 (as of Oct 30, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.5300 PLN is built from several models across several years. Other multiples: P/B 1.3, P/S 0.8, EV/EBITDA 17.2.
How solid is the balance sheet of Investeko S.A (IVE)?
Balance-sheet figures for Investeko S.A (as of Oct 30, 2026): return on equity −15.2%, debt of 0.22 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is IVE from its 52-week high?
Investeko S.A trades at 1.60 PLN, about 40% below its 52-week high of 2.68 PLN and 10% above the low of 1.45 PLN (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of 0.5300 PLN is for.
Which stocks are comparable to Investeko S.A?
From the same area (Industrials) we also value Waste Management, Inc, Republic Services, Inc, Waste Connections, Inc, Veolia Environnement SA, 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 Investeko S.A stock attractive at the current price?
The data as of Oct 30, 2026: price 1.60 PLN, calculated fair value 0.5300 PLN (−67%), Quality Score 37/100, from 13 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 IVE calculated?
We run Investeko S.A through 13 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 0.5300 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 13.4 % above its aggregate fair value. Investeko 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 Investeko S.A (IVE)?
The closing price on Oct 30, 2026 was 1.60 PLN. Our model-based fair value is 0.5300 PLN, about −67% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Investeko S.A right now?
The price sits above even our optimistic bull case (0.8100 PLN). The favourable scenario is already priced in. Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (0.2500 PLN to 0.8100 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.

Key figures of Investeko S.A

How large is the market capitalisation of Investeko S.A (IVE)?
The market capitalisation of Investeko S.A is 8.8M PLN (≈ $2.2M). 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 Investeko S.A (IVE)?
The price-to-sales ratio of Investeko S.A is 0.67 (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 Investeko S.A (IVE)?
Earnings per share at Investeko S.A are 0.0200 PLN (price ÷ EPS = P/E 80.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Investeko S.A (IVE)?
The net margin of Investeko S.A is 0.8% (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 Investeko S.A (IVE)?
The return on equity (ROE) of Investeko S.A is −15.2% (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 Investeko S.A (IVE)?
On an EBIT basis the return on assets of Investeko S.A is 2.0% (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 Investeko S.A (IVE)?
The operating margin of Investeko S.A is −5.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Investeko S.A (IVE)?
Revenue at Investeko S.A is growing −1.6% versus a year earlier (3y avg +4.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Investeko S.A (IVE) generate?
The free cash flow of Investeko S.A is −1.6M PLN (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Investeko S.A (IVE) carry?
The net debt of Investeko S.A is 2.2M PLN (fiscal year 2025). 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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