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Izolacja Jarocin Spolka Akcyjna (IZO) Fair Value & Analysis

Basic Materials · PL · Market cap 13.9M PLN

IJ Izolacja Jarocin Spolka Akcyjna IZO · WAR
Price3.80 PLN
Fair Value1.60 PLN
Upside-57.9%
Quality54/100
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Weak Growth
Loss-making · -1.3% net margin
Low debt · generates free cash flow
Trails peers (4/11)
Narrow moat 17/100
Evidence: High Range 1.30 PLN – 1.84 PLN Share as image

Fair value as of: Jul 17, 2026

From 16 valuation models · updated 24 days ago

Fair value updated Jul 17, 2026, revised from 3.19 PLN to 1.60 PLN (−49.8%) since Jun 24, 2026. Share price +1.1% over the past month.

A solid business, but screening 58% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (1.84 PLN). The favourable scenario is already priced in.
  • Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

4.77 PLN 1.79 PLN Fair Value 1.60 PLN Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 1.79 PLN – 4.77 PLN · fair‑value band 1.30 PLN – 1.84 PLN · the 3.80 PLN price screens above the 1.60 PLN fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Izolacja Jarocin Spolka Akcyjna (IZO) currently trades at 3.80 PLN, while our model-based Fair Value estimate is 1.60 PLN, implying the stock looks roughly 57.9% overvalued today. The Quality Score stands at 54/100 (solid quality), in the Basic Materials 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: high).

Over the trailing twelve months, Izolacja Jarocin Spolka Akcyjna generated revenue of 27.1M PLN at a net margin of -0.2%. Revenue declined 23.1% year over year. It earns a return on equity of -0.3%. The balance sheet holds a net cash position of 4.5M PLN. Fundamentals as of Jul 17, 2026

Our scenario range runs from 1.30 PLN (bear case) to 1.84 PLN (bull case); at 3.80 PLN, 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 22% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -59% fair-value upside, at -58%, IZO screens cheaper 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
Growth DCF 2.69 PLN 3.04 PLN 3.57 PLN 80
Rev-Margin DCF 2.21 PLN 2.53 PLN 2.95 PLN 74
ROIC Compounder 1.56 PLN 1.60 PLN 1.63 PLN 72
All 16 models by family
DCF Models
FCF DCF 2.65 PLN 3.03 PLN 3.64 PLN 38
Owner Earnings 1.71 PLN 1.85 PLN 2.06 PLN 31
5Y Revenue Exit 2.21 PLN 2.49 PLN 2.90 PLN 39
5Y EBITDA Exit 2.60 PLN 3.15 PLN 3.89 PLN 41
10Y Revenue Exit 2.41 PLN 2.61 PLN 2.81 PLN 36
10Y EBITDA Exit 2.62 PLN 2.96 PLN 3.31 PLN 37
Earnings-Based
EPV 1.56 PLN 1.60 PLN 1.63 PLN 59
Dividend Discount
Gordon GGM 0.7000 PLN 0.7400 PLN 0.8100 PLN 70
DDM Multi-Stage 0.7000 PLN 0.8100 PLN 0.9400 PLN 61
Multiples
EV/EBIT 1.97 PLN 2.23 PLN 2.48 PLN 53
EV/EBITDA 2.77 PLN 3.29 PLN 3.81 PLN 54
EV/Revenue 1.87 PLN 2.16 PLN 2.44 PLN 43
Asset-Based
NCAV (Graham) 2.41 PLN 3.23 PLN 4.83 PLN 50
Growth DCF
Growth DCF 2.69 PLN 3.04 PLN 3.57 PLN 80
Rev-Margin DCF 2.21 PLN 2.53 PLN 2.95 PLN 74
Economic Profit
ROIC Compounder 1.56 PLN 1.60 PLN 1.63 PLN 72

Widest divergence: Asset-Based (3.23 PLN) versus Dividend Discount (0.7400 PLN). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 26.9M PLN
Revenue growth (YoY) -3.3%
Net margin -1.3%
Return on equity -1.9%
Free cash flow 763K PLN FY2025
Operating margin -0.5%
More key figures
EPS (TTM) -0.0200 PLN
EPS growth (YoY) +205%
Net cash 4.5M PLN FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 56 · Market factors (momentum, volatility) 46

Profitability 39
Margins and returns on capital today
Quality Growth 8
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 82
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.

About the company

Izolacja Jarocin Spolka Akcyjna manufactures and sells waterproofing and sealing products for the construction industry.

Full company description

Izolacja Jarocin Spolka Akcyjna manufactures and sells waterproofing and sealing products for the construction industry. It offers asphalt sheets, including anti-root green roof membranes, SBS modified heat-sealable membranes, traditional papers, oxidized weldable membranes, and papers and membranes for formwork; bituminous roofing membranes and roofing felt for pitched roofs; asphalt masses; building putties and putties; sandwich panels; and road construction products. The company also provides insulation systems. It distributes its products through wholesalers and cooperation agreements with construction companies, as well as supplies insulating products to retail chains. Izolacja Jarocin Spolka Akcyjna was founded in 1925 and is based in Jarocin, Poland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Izolacja Jarocin Spolka Akcyjna reported revenue of 27.1M PLN in FY2025 versus 30.5M PLN in FY2021, a compound −2.9%/yr. Reported net income was −59.0K PLN in FY2025.

Growth Quality 24/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
27.1M PLN
Latest YoY
−19.7%
Avg. 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.
−9.7%
Avg. 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.
+0.6%
Avg. growth/yr (17Y) 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.
+0.2%
Revenue −2.9%/yr
FY21 30.5M PLN
FY22 36.9M PLN
FY23 33.5M PLN
FY24 33.8M PLN
FY25 27.1M PLN
Net income
FY21 1.3M PLN
FY22 1.9M PLN
FY23 1.1M PLN
FY24 1.3M PLN
FY25 −59.0K PLN
Character of growth · EPS growth decomposed (2014-2025) +13.5 % p.a.
Revenue per share +4.3 pp

of which total revenue +4.3 pp · buybacks/dilution +0.0 pp

EBIT margin +6.0 pp
Tax rate −0.9 pp
Residual (interest, one-offs) +4.1 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

IZO screens 58% overvalued. Compare with CRH plc →

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Cite: Fair Value Calculator (2026). "Izolacja Jarocin Spolka Akcyjna Fair Value". https://www.fairvalue-calculator.com/stock/IZO

Peer Group

Building Materials · 253 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 54 · Above median
Fair Value upside −58% · Bottom 25%
Return on assets -3% · Bottom 25%
Net margin (TTM) -1% · Bottom 25%
Operating margin (TTM) -1% · Below median
Revenue growth -3% · Below median

Valuation Multiples vs Building Materials median · lower = cheaper

P/B 0.20× · Cheaper than 75% of peers
P/S (TTM) 0.14× · Cheaper than 75% of peers
P/FCF 4.9× · Pricier than median

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 · sector 27
FUTURE 0 · sector 2
PAST 0 · sector 15
HEALTH 100 · sector 92
DIVIDEND 0 · sector 42

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.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Building Materials stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
CRH plc CRH $102.92 $70.57 -31%
UltraTech Cement Limited ULTRACEMCO ₹11,711 ₹4,719 -60%
China Jushi Co 600176 ¥54.52 ¥13.95 -74%
Grasim Industries Limited GRASIM ₹3,073 ₹1,245 -59%
CEMEX, S.A. CEMEXCPO 21.71 MXN 15.42 MXN -29%
Anhui Conch Cement Company 600585 ¥16.99 ¥26.14 +54%
Ambuja Cements Limited AMBUJACEM ₹435.25 ₹227.96 -48%
Shree Cement Limited SHREECEM ₹26,930 ₹8,215 -69%
TCC Group 1101B 43.70 TWD 10.48 TWD -76%
Taiwan Glass Ind. Corp 1802 53.30 TWD 13.98 TWD -74%

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Frequently asked questions

Is Izolacja Jarocin Spolka Akcyjna (IZO) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 1.60 PLN versus a price of 3.80 PLN, about −58% (overvalued).
What is the fair value of IZO?
Our model-based fair value for Izolacja Jarocin Spolka Akcyjna is 1.60 PLN (as of Jul 17, 2026), built from audited fundamentals. The current price is 3.80 PLN.
What is the quality score of IZO?
Izolacja Jarocin Spolka Akcyjna has a Quality Score of 54/100. 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 Izolacja Jarocin Spolka Akcyjna (IZO)?
Izolacja Jarocin Spolka Akcyjna reported trailing-twelve-month revenue of about 27.1M PLN (latest available figure, as of Jul 17, 2026).
What is the net profit margin of IZO?
The net profit margin of Izolacja Jarocin Spolka Akcyjna is about -0.2%, 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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