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KCI SA (KCI) Fair Value & Analysis

Real Estate · PL · Market cap 61.7M PLN

KS KCI SA KCI · WAR
Price0.8960 PLN
Fair Value0.3500 PLN
Upside-60.9%
Quality47/100
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Risks

!Trades 61% ABOVE our fair value of 0.3500 PLN
!Weak Growth
!Loss-making · -17.1% net margin
!Low debt · negative free cash flow
Weak Growth
Loss-making · -17.1% net margin
Low debt · negative free cash flow
Mixed vs. peers (7/12)
Narrow moat 14/100
Evidence: Low Range 0.2100 PLN – 0.4700 PLN Share as image

Fair value as of: Aug 23, 2026

From 3 valuation models · updated today

Fair value updated Aug 23, 2026, revised from 0.0800 PLN to 0.3500 PLN (+337.5%) since Aug 13, 2026. Share price −1.3% over the past month.

Below-average quality, and screening another 61% overvalued on our models.

What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case (0.4700 PLN). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (0.2100 PLN to 0.4700 PLN) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

1.68 PLN 0.6600 PLN Fair Value 0.3500 PLN May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.

How to read this chart

60‑month range 0.6600 PLN – 1.68 PLN · fair‑value band 0.2100 PLN – 0.4700 PLN · the 0.8960 PLN price screens above the 0.3500 PLN fair value. Dashed = 300-day average. As of Aug 23, 2026.

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Analysis

KCI SA (KCI) currently trades at 0.8960 PLN, while our model-based Fair Value estimate is 0.3500 PLN, implying the stock looks roughly 60.9% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Real Estate 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: low).

Trailing-twelve-month revenue stands at 1.6M PLN. It earns a return on equity of -3.9%. Net debt stands at 29.0M PLN. Fundamentals as of Aug 23, 2026

Our scenario range runs from 0.2100 PLN (bear case) to 0.4700 PLN (bull case); at 0.8960 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 8% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 45% fair-value upside, at -61%, KCI screens richer 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
Gordon GGM 0.2000 PLN 0.3400 PLN 0.4400 PLN 70
DDM Multi-Stage 0.2000 PLN 0.3200 PLN 0.3700 PLN 61
NCAV (Graham) 2.47 PLN 3.31 PLN 4.94 PLN 50
All 3 models by family
Dividend Discount
Gordon GGM 0.2000 PLN 0.3400 PLN 0.4400 PLN 70
DDM Multi-Stage 0.2000 PLN 0.3200 PLN 0.3700 PLN 61
Asset-Based
NCAV (Graham) 2.47 PLN 3.31 PLN 4.94 PLN 50

Widest divergence: Asset-Based (3.31 PLN) versus Dividend Discount (0.3200 PLN). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) 30.9M PLN
Revenue growth (YoY) +372%
Net margin -17.1%
Return on equity -1.6%
Free cash flow −7.3M PLN FY2025
Operating margin -1.4%
More key figures
EPS (TTM) -0.0900 PLN
EPS growth (YoY) +2.5%
Net debt 29.0M PLN FY2025

Figures from reported company fundamentals · as of Aug 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 48 · Market factors (momentum, volatility) 56

Profitability 5
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 15
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 95
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 38
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

KCI Spolka Akcyjna, formerly known as Jupiter Spolka Akcyjna, is a private equity firm specializing in real estate and media sector. It seeks to invest in Poland. KCI Spolka Akcyjna is based in Kracow, Poland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

KCI SA reported revenue of 19.0M PLN in FY2025 versus 105M PLN in FY2021, a compound −34.8%/yr. Reported net income was −5.3M PLN in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
19.0M PLN
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.
−43.0%
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.
−27.7%
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.
−11.4%
Revenue −34.8%/yr
FY21 105M PLN
FY22 102M PLN
FY23 55.1M PLN
FY24 1.5M PLN
FY25 19.0M PLN
Net income
FY21 −85.9M PLN
FY22 −13.9M PLN
FY23 23.1M PLN
FY24 −8.4M PLN
FY25 −5.3M PLN

KCI screens 61% overvalued. Compare with DLF Limited →

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Cite: Fair Value Calculator (2026). "KCI SA Fair Value". https://www.fairvalue-calculator.com/stock/KCI

Peer Group

Real Estate - Development · 598 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 50 · Above median
Fair Value upside −61% · Bottom 25%
Return on assets 1% · Below median
Net margin (TTM) -17% · Bottom 25%
Operating margin (TTM) -1% · Below median
Revenue growth 372% · Top 25%
Dividend yield (TTM) 3.3% · Above median
Debt / equity 0.04× · Lower than 75% of peers

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/B 0.05× · Cheaper than 75% of peers
P/S (TTM) 0.54× · Cheaper than median
EV/EBITDA 4.1× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 43
FUTURE100 · sector 0
PAST0 · sector 9
HEALTH98 · sector 85
DIVIDEND66 · sector 56

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

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Aug 23, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹667.10 ₹170.24 -74%
Macrotech Developers Limited LODHA ₹1,244 ₹583.42 -53%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,050 IDR 1,330 IDR -78%
PT Jaya Real Property, Tbk., JRPT 1,075 IDR 1,674 IDR +56%
PT Bumi Serpong Damai Tbk, BSDE 610.00 IDR 1,525 IDR +150%
PT Sentul City Tbk, BKSL 77.00 IDR 192.50 IDR +150%
PT Ciputra Development Tbk, CTRA 625.00 IDR 1,563 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,300 IDR 6,239 IDR +45%
PT Puradelta Lestari Tbk DMAS 147.00 IDR 164.33 IDR +12%
Phat Dat Real Estate Development Corporation PDR 12,100 VND 4,943 VND -59%

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Frequently asked questions

Is KCI SA (KCI) overvalued or undervalued?
As of Aug 23, 2026, our model estimates a fair value of 0.3500 PLN versus a price of 0.8960 PLN, about −61% (overvalued).
What is the fair value of KCI?
Our model-based fair value for KCI SA is 0.3500 PLN (as of Aug 23, 2026), built from audited fundamentals. The current price: 0.8960 PLN.
What is the quality score of KCI?
KCI SA has a Quality Score of 47/100. 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 KCI SA (KCI)?
KCI SA reported trailing-twelve-month revenue of about 1.6M PLN (latest available figure, as of Aug 23, 2026).
What is the net profit margin of KCI?
The net profit margin of KCI SA 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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