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Grupa Kety S.A (KTY) Fair Value & Analysis

Basic Materials · PL · Market cap 12.2B PLN

GK Grupa Kety S.A KTY · WAR
Price1,273 PLN
Fair Value903.30 PLN
Upside-29.0%
Quality75/100
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Healthy Growth
Solidly profitable · 10.7% net margin
Moderate debt · generates free cash flow
3.97% dividend yield
Ranks above peers (9/15)
Wide moat 68/100
Evidence: High Range 644.13 PLN – 1,168 PLN Share as image

Fair value as of: Jul 14, 2026

From 26 valuation models · updated 26 days ago

Share price +7.1% over the past month.

A strong business, but screening 29% overvalued on our models.

What matters now

  • A high-quality business (quality 75/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (1,168 PLN). The favourable scenario is already priced in.
  • A fairly wide model range (644.13 PLN to 1,168 PLN) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

1,328 PLN 355.04 PLN Fair Value 903.30 PLN Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range 355.04 PLN – 1,328 PLN · fair‑value band 644.13 PLN – 1,168 PLN · the 1,273 PLN price screens above the 903.30 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

Grupa Kety S.A (KTY) currently trades at 1,273 PLN, while our model-based Fair Value estimate is 903.30 PLN, implying the stock looks roughly 29.0% overvalued today. The Quality Score stands at 75/100 (high 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, Grupa Kety S.A generated revenue of 5.5B PLN at a net margin of 10.7%. Revenue grew 1.5% year over year. It earns a return on equity of 28.1%. Net debt stands at 1.3B PLN. Fundamentals as of Jul 14, 2026

Our scenario range runs from 644.13 PLN (bear case) to 1,168 PLN (bull case); at 1,273 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 near its 52-week high and 65% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 19% fair-value upside, at -29%, KTY 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 BearBaseBull Evidence
Highest evidence
Growth DCF 803.57 PLN 1,425 PLN 2,449 PLN 80
Residual Income 341.05 PLN 404.73 PLN 1,210 PLN 76
Rev-Margin DCF 581.70 PLN 1,013 PLN 1,553 PLN 74
All 26 models by family
DCF Models
FCF DCF 803.39 PLN 1,462 PLN 2,563 PLN 38
Owner Earnings 637.30 PLN 1,174 PLN 2,073 PLN 31
5Y Revenue Exit 581.70 PLN 1,016 PLN 1,587 PLN 39
5Y EBITDA Exit 673.88 PLN 1,201 PLN 1,841 PLN 41
5Y P/E Exit 647.61 PLN 1,148 PLN 1,701 PLN 38
10Y Revenue Exit 630.78 PLN 1,062 PLN 1,685 PLN 36
10Y EBITDA Exit 710.52 PLN 1,195 PLN 1,892 PLN 37
10Y P/E Exit 693.31 PLN 1,157 PLN 1,778 PLN 35
Earnings-Based
Graham-Dodd 391.79 PLN 1,636 PLN 2,231 PLN 54
Lynch FV 414.21 PLN 591.72 PLN 769.24 PLN 50
PEG = 1.0 414.21 PLN 591.72 PLN 769.24 PLN 46
EPV 574.55 PLN 686.78 PLN 784.98 PLN 59
Dividend Discount
Gordon GGM 507.60 PLN 1,055 PLN 1,674 PLN 70
DDM Multi-Stage 507.60 PLN 889.95 PLN 1,108 PLN 61
Multiples
P/E Multiple 734.61 PLN 979.48 PLN 1,224 PLN 63
P/S Multiple 626.96 PLN 835.95 PLN 1,045 PLN 58
P/B Multiple 456.47 PLN 608.63 PLN 760.78 PLN 55
EV/EBIT 737.30 PLN 1,016 PLN 1,295 PLN 53
EV/EBITDA 678.72 PLN 937.89 PLN 1,197 PLN 54
EV/Revenue 486.36 PLN 737.15 PLN 987.93 PLN 43
Asset-Based
NCAV (Graham) 101.44 PLN 135.93 PLN 202.88 PLN 50
Growth DCF
Growth DCF 803.57 PLN 1,425 PLN 2,449 PLN 80
Rev-Margin DCF 581.70 PLN 1,013 PLN 1,553 PLN 74
Economic Profit
Residual Income 341.05 PLN 404.73 PLN 1,210 PLN 76
ROIC Compounder 654.36 PLN 893.53 PLN 1,193 PLN 72
Growth Earnings
Growth-Adj P/E 628.82 PLN 898.31 PLN 1,168 PLN 68

Widest divergence: DCF Models (1,157 PLN) versus Asset-Based (135.93 PLN). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 5.5B PLN
Revenue growth (YoY) +1.5%
Net margin 10.7%
Return on equity 28.1%
Free cash flow 717M PLN FY2025
P/E ratio 20.7
More key figures
Operating margin 14.3%
EPS (TTM) 59.88 PLN
Dividend yield 4.0%
EPS growth (YoY) +19.5%
Net debt 1.3B PLN FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 75/100

Of which business quality 72 · Market factors (momentum, volatility) 80

Profitability 85
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 62
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 72
Price trend over the last 3–12 months (market factor)
52W Momentum 97
Distance to the 52-week high (market factor)
Net Issuance 73
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

Grupa Kety S.A. produces and sells aluminum profiles and components in Poland and internationally. It operates through three segments: Extruded Products, Aluminum Systems, and Flexible Packaging. The company produces and sells aluminum profiles and components.

Full company description

Grupa Kety S.A. produces and sells aluminum profiles and components in Poland and internationally. It operates through three segments: Extruded Products, Aluminum Systems, and Flexible Packaging. The company produces and sells aluminum profiles and components. It also engages in the production, trading, and sale of aluminum facades systems, doors and windows, internal structures, external aluminum roller shutters, and roller gates for the construction business. In addition, the company produces and sells pergolas, external blinds, awnings, reflex screens, and sunbreakers. Further, it is involved in the production and sale of printed flexible packaging and BOPP films for food manufacturers and other sectors. It sells its products under the Grupa Kety, Aluprof, Alupol Packaging, and Selt Sp. z o.o. brands. The company serves construction, automotive, transport, electrical engineering, household equipment, advertising, tourism, food concentrates, confectionery, fats, dairy, meat, cold meat, pharmaceutical, and chemical industries. The company was formerly known as Zaklady Metali Lekkich "Kety' and changed its name to Grupa Kety S.A. in 2000. The company was founded in 1953 and is headquartered in Kety, Poland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Grupa Kety S.A reported revenue of 5.5B PLN in FY2025 versus 4.6B PLN in FY2021, a compound +4.6%/yr. Reported net income was 568M PLN in FY2025, compounding −1.1%/yr from FY2021.

Growth Quality 89/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
5.5B PLN
Latest YoY
+6.8%
Avg. growth/yr (3Y)
−2.5%
Avg. growth/yr (5Y)
+9.2%
Avg. growth/yr (21Y)
+9.8%
Revenue +4.6%/yr
FY21 4.6B PLN
FY22 5.9B PLN
FY23 5.2B PLN
FY24 5.1B PLN
FY25 5.5B PLN
Net income −1.1%/yr
FY21 595M PLN
FY22 678M PLN
FY23 539M PLN
FY24 560M PLN
FY25 568M PLN

KTY screens 29% overvalued. Compare with Shandong Hongqiao Aluminum Industry Holding →

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Cite: Fair Value Calculator (2026). "Grupa Kety S.A Fair Value". https://www.fairvalue-calculator.com/stock/KTY

Peer Group

Aluminum · 83 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 75 · Top 25%
Fair Value upside −29% · Below median
Return on equity (TTM) 28% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 11% · Top 25%
Operating margin (TTM) 14% · Top 25%
Revenue growth 2% · Below median
Dividend yield (TTM) 4.0% · Top 25%
Debt / equity 0.51× · Higher than 75% of peers

Valuation Multiples vs Aluminum median · lower = cheaper

P/E (TTM) 20.7× · Pricier than median
P/B 1.64× · Pricier than median
P/S (TTM) 0.59× · Cheaper than median
P/FCF 4.6× · Pricier than median
EV/EBITDA 4.1× · Cheaper than 75% of peers
PEG 0.70× · Cheaper 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 15
FUTURE 8 · sector 26
PAST 100 · sector 30
HEALTH 74 · sector 91
DIVIDEND 79 · sector 33

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

Insider activity: 40/100

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 Aluminum stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Shandong Hongqiao Aluminum Industry Holding 002379 ¥18.54 ¥26.70 +44%
China Hongqiao Group 1378 HK$24.54 HK$45.53 +86%
Hindalco Industries Limited HINDALCO ₹955.80 ₹1,026 +7%
Aluminum Corporation 601600 ¥8.11 ¥12.58 +55%
Norsk Hydro ASA NHY kr 84.96 kr 58.10 -32%
Press Metal Aluminium Holdings 8869 8.02 MYR 3.88 MYR -52%
Alcoa Corporation AAI A$70.60 A$49.53 -30%
Yunnan Aluminium Co 000807 ¥25.12 ¥29.68 +18%
Henan Shenhuo Coal Industry and Electricity Power Co 000933 ¥25.51 ¥30.28 +19%
Tianshan Aluminum Group 002532 ¥11.99 ¥21.86 +82%

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Frequently asked questions

Is Grupa Kety S.A (KTY) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of 903.30 PLN versus a price of 1,273 PLN, about −29% (overvalued).
What is the fair value of KTY?
Our model-based fair value for Grupa Kety S.A is 903.30 PLN (as of Jul 14, 2026), built from audited fundamentals. The current price is 1,273 PLN.
What is the quality score of KTY?
Grupa Kety S.A has a Quality Score of 75/100. 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 Grupa Kety S.A (KTY)?
Grupa Kety S.A reported trailing-twelve-month revenue of about 5.5B PLN (latest available figure, as of Jul 14, 2026).
What is the net profit margin of KTY?
The net profit margin of Grupa Kety S.A is about 10.7%, meaning it keeps roughly 10.7% of revenue as net income. Based on the latest reported figures.
Does Grupa Kety S.A pay a dividend?
Grupa Kety S.A currently shows a dividend yield of about 4.03% relative to its recent price (as of Jul 14, 2026).

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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