Jastrzebska Spólka Weglowa S.A (JSW) Fair Value & Analysis
Energy · PL · Market cap 3.1B PLN
Fair value as of: Jul 18, 2026
From 3 valuation models · updated 23 days ago
Fair value updated Jul 18, 2026, revised from 18.46 PLN to 36.92 PLN (+100.0%) since Jun 25, 2026. Share price +4.1% over the past month.
Below-average quality, screening 41% undervalued on our models.
What matters now
- The large discount to fair value meets weak quality (33/100). That raises the risk this is a value trap rather than a bargain.
- The price is below even our cautious bear case (33.50 PLN). The market is more pessimistic than our downside scenario.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.
How to read this chart
60‑month range 20.20 PLN – 79.00 PLN · fair‑value band 33.50 PLN – 42.18 PLN · the 26.15 PLN price screens below the 36.92 PLN fair value. Dashed = 300-day average. As of Jul 18, 2026.
Analysis
Jastrzebska Spólka Weglowa S.A (JSW) currently trades at 26.15 PLN, while our model-based Fair Value estimate is 36.92 PLN, implying the stock looks roughly 41.2% undervalued today. The Quality Score stands at 33/100 (below-average quality), in the Energy sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.
Over the trailing twelve months, Jastrzebska Spólka Weglowa S.A generated revenue of 9.1B PLN at a net margin of -59.9%. Revenue declined 12.0% year over year. It earns a return on equity of -97.8%. Net debt stands at 1.1B PLN. Fundamentals as of Jul 18, 2026
Our scenario range runs from 33.50 PLN (bear case) to 42.18 PLN (bull case); at 26.15 PLN, the current price sits below 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 28% below its 52-week high and 29% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -12% fair-value upside, at 41%, JSW 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.
All 3 models by family
Widest divergence: Asset-Based (17.45 PLN) versus Dividend Discount (16.37 PLN). Highest evidence: Gordon GGM (70).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 32 · Market factors (momentum, volatility) 45
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
Jastrzebska Spólka Weglowa S.A. engages in the extraction, production, and sale of coal, coke, and hydrocarbons in Poland, Austria, the Czech Republic, Germany, Slovakia, Belgium, Spain, Norway, Switzerland, Romania , Luxembourg, Holland, and France. It operates through Coal, Coke, and Other segments.
Full company description
Jastrzebska Spólka Weglowa S.A. engages in the extraction, production, and sale of coal, coke, and hydrocarbons in Poland, Austria, the Czech Republic, Germany, Slovakia, Belgium, Spain, Norway, Switzerland, Romania , Luxembourg, Holland, and France. It operates through Coal, Coke, and Other segments. The company provides maintenance, inspection, renovation, and repairs service of machinery and equipment; technical research services; and chemical and physiochemical analyses of minerals, as well as solid, liquid, and gaseous materials and products. In addition, it is involved in the provision of railway lines; maintenance of railway infrastructure, and structures and equipment; construction and repair of railway track and facilities; security and auxiliary services; water and sewage-related services; discharge of saline mine water; supply of industrial water; reclamation activities; and production of salt. Further, the company engages in the provision of construction, IT services, cybersecurity, software and data processing, hardware consulting, transportation, general construction, catering, freight transport, and post-mining waste disposal and reclamation services; software and data processing activities; insurance intermediation and administration; rail siding; and transportation of coal, coke, and cargo; maintenance and repair of rail cars. Additionally, it is involved in the designing and execution of vertical and horizontal mine workings and tunnels; lease of machinery and equipment; assembly, repairs and upkeep of machinery for the mining, quarrying and construction industries; produces machinery for mining, quarrying, and construction; and drone usage services. The company also offers logistics, security, insurance, and training or laboratory services. Jastrzebska Spólka Weglowa S.A. was founded in 1993 and is based in Jastrzebie Zdrój, Poland.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Jastrzebska Spólka Weglowa S.A reported revenue of 9.4B PLN in FY2025 versus 10.6B PLN in FY2021, a compound −3.0%/yr. Reported net income was −6.2B PLN in FY2025.
Watch JSW: get an alert when its fair value changes →
Peer Group
Thermal Coal · 101 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 Thermal Coal 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.
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 Thermal Coal stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Shenhua Energy Company 601088 | ¥42.65 | ¥34.97 | -18% |
| Adani Enterprises Limited ADANIENT | ₹3,157 | ₹901.17 | -71% |
| Shaanxi Coal Industry Company 601225 | ¥24.30 | ¥23.90 | -2% |
| Yankuang Energy Group 600188 | ¥20.23 | ¥13.24 | -35% |
| Coal India Limited COALINDIA | ₹427.65 | ₹464.01 | +9% |
| China Coal Energy Company 601898 | ¥12.54 | ¥13.97 | +11% |
| Inner Mongolia Dian Tou Energy Corporation 002128 | ¥25.13 | ¥21.99 | -12% |
| Shanxi Lu'an Environmental Energy Development Co 601699 | ¥16.26 | ¥7.20 | -56% |
| PT Alamtri Resources Indonesia Tbk, ADRO | 2,490 IDR | 3,220 IDR | +29% |
| PT Petrindo Jaya Kreasi Tbk, through its subsidiaries, CUAN | 630.00 IDR | 360.72 IDR | -43% |
Compare Jastrzebska Spólka Weglowa S.A with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Energy stocks →
Frequently asked questions
Is Jastrzebska Spólka Weglowa S.A (JSW) overvalued or undervalued?
What is the fair value of JSW?
What is the quality score of JSW?
What is the revenue of Jastrzebska Spólka Weglowa S.A (JSW)?
What is the net profit margin of JSW?
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.
Track Jastrzebska Spólka Weglowa S.A and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.