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LESS S.A. (LES) Fair Value & Analysis

Consumer Cyclical · PL · Market cap 113M PLN

LS LESS S.A. LES · WAR
Price0.2400 PLN
Fair Value0.0600 PLN
Upside-75.0%
Quality37/100
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Weak Growth
Loss-making · -16.9% net margin
Low debt · negative free cash flow
Trails peers (3/11)
Narrow moat 5/100
Evidence: Low Range 0.0400 PLN – 0.0800 PLN Share as image

Fair value as of: Aug 20, 2026

From 2 valuation models · updated today

Fair value updated Aug 20, 2026, revised from 0.0100 PLN to 0.0600 PLN (+500.0%) since Aug 13, 2026. Share price +0.4% over the past month.

Below-average quality, and screening another 75% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (0.0800 PLN). The favourable scenario is already priced in.
  • Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (0.0400 PLN to 0.0800 PLN) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

5.80 PLN 0.1905 PLN Fair Value 0.0600 PLN May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range 0.1905 PLN – 5.80 PLN · fair‑value band 0.0400 PLN – 0.0800 PLN · the 0.2400 PLN price screens above the 0.0600 PLN fair value. Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

LESS S.A. (LES) currently trades at 0.2400 PLN, while our model-based Fair Value estimate is 0.0600 PLN, implying the stock looks roughly 75.0% overvalued today. The Quality Score stands at 37/100 (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: low).

Trailing-twelve-month revenue stands at 284K PLN. Fundamentals as of Aug 20, 2026

Our scenario range runs from 0.0400 PLN (bear case) to 0.0800 PLN (bull case); at 0.2400 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 23% below its 52-week high and 19% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -52% fair-value upside, at -75%, LES 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 0.0300 PLN 0.0600 PLN 0.0800 PLN 70
DDM Multi-Stage 0.0300 PLN 0.0600 PLN 0.0600 PLN 61
All 2 models by family
Dividend Discount
Gordon GGM 0.0300 PLN 0.0600 PLN 0.0800 PLN 70
DDM Multi-Stage 0.0300 PLN 0.0600 PLN 0.0600 PLN 61

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Key figures & financial health

Revenue (TTM) 14.3M PLN
Revenue growth (YoY) +1,260%
Net margin -16.9%
Return on equity -8.1%
Free cash flow −1.6M PLN FY2025
Operating margin -12.3%
More key figures
EPS (TTM) -0.0100 PLN
Net cash 510K PLN FY2025

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 37/100

Of which business quality 44 · Market factors (momentum, volatility) 47

Profitability 0
Margins and returns on capital today
Quality Growth 75
Are margins and returns improving?
Cashflow 87
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 40
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 34
Distance to the 52-week high (market factor)
Net Issuance 0
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

Less S.A. does not have significant operations. Previously, the company engaged in purchase and sale of second-hand items, including used clothing, electronics, sports equipment, books, and toys. The company was formerly known as Groclin S.A. and changed its name to Less S.A. in August 2022. Less S.A.

Full company description

Less S.A. does not have significant operations. Previously, the company engaged in purchase and sale of second-hand items, including used clothing, electronics, sports equipment, books, and toys. The company was formerly known as Groclin S.A. and changed its name to Less S.A. in August 2022. Less S.A. was founded in 1977 and is headquartered in Wroclaw, Poland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

LESS S.A. reported revenue of 0 PLN in FY2025 versus 103K PLN in FY2021. Reported net income was −996K PLN in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2022)
285K PLN
Latest YoY
+176.7%
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.
−75.0%
Avg. growth/yr (14Y) 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.
−39.8%
Revenue
FY21 103K PLN
FY22 285K PLN
FY23 0 PLN
FY24 0 PLN
FY25 0 PLN
Net income
FY21 −7.4M PLN
FY22 −17.6M PLN
FY23 −8.0M PLN
FY24 −1.6M PLN
FY25 −996K PLN

LES screens 75% overvalued. Compare with Hyundai Mobis Co →

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

Peer Group

Auto Parts · 645 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 37 · Bottom 25%
Fair Value upside −75% · Bottom 25%
Return on assets -4% · Bottom 25%
Net margin (TTM) -17% · Bottom 25%
Operating margin (TTM) -12% · Bottom 25%
Revenue growth 1260% · Top 25%
Dividend yield (TTM) 2.1% · Above median

Valuation Multiples vs Auto Parts median · lower = cheaper

P/B 16.42× · Pricier than 75% of peers
P/S (TTM) 2.12× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 19
FUTURE100 · sector 23
PAST0 · sector 27
HEALTH100 · sector 95
DIVIDEND42 · sector 31

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 Auto Parts stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

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Magna International Inc MGAN 1,122 MXN 1,142 MXN +2%
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Bosch Limited BOSCHLTD ₹48,700 ₹11,534 -76%
Bharat Forge Limited BHARATFORG ₹2,082 ₹393.20 -81%
Uno Minda Limited UNOMINDA ₹1,232 ₹426.57 -65%
Schaeffler India Limited SCHAEFFLER ₹4,126 ₹1,412 -66%
Hankook Tire & Technology Co 161390 71,500 KRW 196,479 KRW +175%
Balkrishna Industries Limited BALKRISIND ₹2,376 ₹1,237 -48%
ENDURANCE ENDURANCE ₹2,987 ₹1,384 -54%

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Frequently asked questions

Is LESS S.A. (LES) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of 0.0600 PLN versus a price of 0.2400 PLN, about −75% (overvalued).
What is the fair value of LES?
Our model-based fair value for LESS S.A. is 0.0600 PLN (as of Aug 20, 2026), built from audited fundamentals. The current price: 0.2400 PLN.
What is the quality score of LES?
LESS S.A. has a Quality Score of 37/100. 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 LESS S.A. (LES)?
LESS S.A. reported trailing-twelve-month revenue of about 284K PLN (latest available figure, as of Aug 20, 2026).
What is the net profit margin of LES?
The net profit margin of LESS S.A. 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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