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Karo Invest A.S. processes, (KARIN) Fair Value & Analysis

Consumer Cyclical · CZ · Market cap 1.0B CZK

KI Karo Invest A.S. processes, KARIN · PR
Price146.00 CZK
Fair Value130.42 CZK
Upside-10.7%
Quality43/100
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Mixed Growth
Thin margins · 0.0% net margin
Low debt · negative free cash flow
Trails peers (3/10)
Moderate moat 51/100
Evidence: Medium Range 92.80 CZK – 163.03 CZK Share as image

Fair value as of: Jul 18, 2026

From 15 valuation models · updated 23 days ago

Share price −3.9% over the past month.

Below-average quality, and screening another 11% overvalued on our models.

What matters now

  • Our model range runs from 92.80 CZK (bear) to 163.03 CZK (bull), base 130.42 CZK. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 43/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

190.00 CZK 75.00 CZK Fair Value 130.42 CZK Mar 2021 Jun 2026

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 75.00 CZK – 190.00 CZK · fair‑value band 92.80 CZK – 163.03 CZK · the 146.00 CZK price screens above the 130.42 CZK fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Karo Invest A.S. processes, (KARIN) currently trades at 146.00 CZK, while our model-based Fair Value estimate is 130.42 CZK, implying the stock looks roughly 10.7% overvalued today. The Quality Score stands at 43/100 (below-average quality), in the Consumer Cyclical 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: medium).

Net debt stands at 201M CZK. The stock trades on a trailing P/E of 22.5. Fundamentals as of Jul 18, 2026

Our scenario range runs from 92.80 CZK (bear case) to 163.03 CZK (bull case); at 146.00 CZK, the current price sits within 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 20% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -27% fair-value upside, at -11%, KARIN 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
ROIC Compounder 44.69 CZK 52.47 CZK 58.96 CZK 72
Growth-Adj P/E 116.72 CZK 166.74 CZK 216.76 CZK 68
P/E Multiple 97.82 CZK 130.42 CZK 163.03 CZK 63
All 15 models by family
DCF Models
Owner Earnings 100.05 CZK 212.59 CZK 415.25 CZK 31
Earnings-Based
Graham-Dodd 44.34 CZK 292.54 CZK 409.55 CZK 54
Lynch FV 85.32 CZK 121.88 CZK 158.44 CZK 50
PEG = 1.0 85.32 CZK 121.88 CZK 158.44 CZK 46
EPV 44.69 CZK 52.47 CZK 58.96 CZK 59
Multiples
P/E Multiple 97.82 CZK 130.42 CZK 163.03 CZK 63
P/S Multiple 81.54 CZK 108.71 CZK 135.89 CZK 58
P/B Multiple 83.14 CZK 110.86 CZK 138.57 CZK 55
EV/EBIT 109.52 CZK 150.14 CZK 190.77 CZK 53
EV/EBITDA 136.76 CZK 186.47 CZK 236.18 CZK 54
EV/Revenue 63.74 CZK 96.35 CZK 128.97 CZK 43
Asset-Based
NCAV (Graham) 49.10 CZK 65.79 CZK 98.20 CZK 50
Economic Profit
Residual Income 74.06 CZK 75.50 CZK 73.57 CZK 61
ROIC Compounder 44.69 CZK 52.47 CZK 58.96 CZK 72
Growth Earnings
Growth-Adj P/E 116.72 CZK 166.74 CZK 216.76 CZK 68

Widest divergence: DCF Models (212.59 CZK) versus Economic Profit (52.47 CZK). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Free cash flow −4.7M CZK FY2025
P/E ratio 22.5
EPS (TTM) 6.53 CZK
Net debt 201M CZK FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 40 · Market factors (momentum, volatility) 45

Profitability 33
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 11
Earnings quality: real cash, not paper profit
Fin. Strength 48
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 27
Distance to the 52-week high (market factor)
Net Issuance 80
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

Karo Invest A.S. processes, produces, and sells industrial leather products in the Czech Republic and other European Union countries. It offers buffalo and cowhide products primarily for furniture manufacturers. The company was founded in 2007 and is based in Prague, the Czech Republic.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Karo Invest A.S. processes, reported revenue of 300M CZK in FY2025 versus 145M CZK in FY2021, a compound +20.0%/yr. Reported net income was 45.0M CZK in FY2025.

Growth Quality 48/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
300M CZK
Latest YoY
+23.2%
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.
+16.3%
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.
+14.2%
Revenue +20.0%/yr
FY21 145M CZK
FY22 191M CZK
FY23 317M CZK
FY24 244M CZK
FY25 300M CZK
Net income
FY21 −4.7M CZK
FY22 −14.6M CZK
FY23 −19.3M CZK
FY24 22.8M CZK
FY25 45.0M CZK

KARIN screens 11% overvalued. Compare with Shenzhou International Group →

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Cite: Fair Value Calculator (2026). "Karo Invest A.S. processes, Fair Value". https://www.fairvalue-calculator.com/stock/KARIN

Peer Group

Textile Manufacturing · 307 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 43 · Below median
Fair Value upside −11% · Above median
Return on assets 0% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 0% · Below median
Revenue growth 0% · Above median
Debt / equity 0.14× · Higher than median

Valuation Multiples vs Textile Manufacturing median · lower = cheaper

P/E (TTM) 22.5× · Pricier than median
P/B 0.07× · Cheaper than 75% of peers

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 19 · sector 8
FUTURE 0 · sector 0
PAST 0 · sector 15
HEALTH 93 · sector 95
DIVIDEND 0 · sector 34

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 Textile Manufacturing stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Shenzhou International Group 2313 HK$44.40 HK$75.65 +70%
Tongkun Group 601233 ¥23.56 ¥14.53 -38%
Inner Mongolia ERDOS Resources Co 600295 ¥12.04 ¥14.35 +19%
HMT (Xiamen) New Technical Materials Co 603306 ¥91.75 ¥12.85 -86%
Far Eastern New Century Corporation 1402 27.55 TWD 28.72 TWD +4%
K.P.R. Mill Limited KPRMILL ₹1,083 ₹467.49 -57%
Zhejiang Orient Holdings 600120 ¥5.18 ¥2.21 -57%
Vardhman Textiles Limited VTL ₹602.20 ₹437.53 -27%
Isiklar Enerji ve Yapi Holding IEYHO 174.20 TRY 323.84 TRY +86%
Shandong Fiberglass Group 605006 ¥16.75 ¥6.42 -62%

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Frequently asked questions

Is Karo Invest A.S. processes, (KARIN) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 130.42 CZK versus a price of 146.00 CZK, about −11% (overvalued).
What is the fair value of KARIN?
Our model-based fair value for Karo Invest A.S. processes, is 130.42 CZK (as of Jul 18, 2026), built from audited fundamentals. The current price is 146.00 CZK.
What is the quality score of KARIN?
Karo Invest A.S. processes, has a Quality Score of 43/100. 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 net profit margin of KARIN?
The net profit margin of Karo Invest A.S. processes, is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. 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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