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Mo-Bruk SA (MBR) Fair Value & Analysis

Industrials · PL · Market cap 1.3B PLN (≈ $356M) · ISIN PLMOBRK00013

MB Mo-Bruk SA MBR · WAR
Price400.00 PLN
Fair Value88.25 PLN
Upside-77.9%
Quality53/100
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Strengths

Low debt · generates free cash flow
Ranks above peers (11/15)

Risks

!Trades 353% ABOVE our fair value of 88.25 PLN
!Mixed Growth (revenue 5y +12.4 %/yr)
!Thin margins · 5.4% net margin
!Moderate moat 57/100
Mixed Growth (revenue 5y +12.4 %/yr)
Thin margins · 5.4% net margin
Low debt · generates free cash flow
4.04% dividend yield
Ranks above peers (11/15)
Moderate moat 57/100
Evidence: High Range 66.19 PLN – 110.31 PLN Share as image

Fair value as of: Aug 27, 2026

From 26 valuation models · updated today

Fair value updated Aug 27, 2026, revised from 25.13 PLN to 88.25 PLN (+251.2%) since Aug 13, 2026. Share price +2.7% over the past month.

A solid business, but trading 353% above our fair value.

What runs behind every stock

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

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What matters now

  • The price sits above even our optimistic bull case (110.31 PLN). The favourable scenario is already priced in.
  • Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

400.00 PLN 236.08 PLN Fair Value 88.25 PLN May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

60‑month range 236.08 PLN – 400.00 PLN · fair‑value band 66.19 PLN – 110.31 PLN · the 400.00 PLN price screens above the 88.25 PLN fair value. Dashed = 300-day average. As of Aug 27, 2026.

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Analysis

Mo-Bruk SA (MBR) currently trades at 400.00 PLN, while our model-based Fair Value estimate is 88.25 PLN, implying the stock looks roughly 77.9% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Industrials 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, Mo-Bruk SA generated revenue of 320M PLN at a net margin of 4.8%. Revenue grew 31.1% year over year. It earns a return on equity of 7.0%. Net debt stands at 45.3M PLN. Fundamentals as of Aug 27, 2026

Our scenario range runs from 66.19 PLN (bear case) to 110.31 PLN (bull case); at 400.00 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 59% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -35% fair-value upside, at -78%, MBR 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
Growth DCF 72.15 PLN 139.57 PLN 238.30 PLN 80
Residual Income 46.88 PLN 48.72 PLN 48.86 PLN 76
Rev-Margin DCF 96.51 PLN 194.87 PLN 335.21 PLN 74
All 26 models by family
DCF Models
FCF DCF 75.42 PLN 130.54 PLN 261.31 PLN 38
Owner Earnings 0.5000 PLN 8.77 PLN 23.20 PLN 31
5Y Revenue Exit 96.51 PLN 198.96 PLN 351.19 PLN 39
5Y EBITDA Exit 261.52 PLN 570.25 PLN 1,002 PLN 41
5Y P/E Exit 61.34 PLN 120.52 PLN 192.68 PLN 38
10Y Revenue Exit 83.82 PLN 177.08 PLN 327.88 PLN 36
10Y EBITDA Exit 191.63 PLN 441.36 PLN 886.52 PLN 37
10Y P/E Exit 65.33 PLN 120.76 PLN 207.48 PLN 35
Earnings-Based
Graham-Dodd 28.58 PLN 177.42 PLN 247.70 PLN 54
Lynch FV 51.01 PLN 72.87 PLN 94.73 PLN 50
PEG = 1.0 51.01 PLN 72.87 PLN 94.73 PLN 46
EPV 195.14 PLN 222.89 PLN 246.02 PLN 59
Dividend Discount
Gordon GGM 102.32 PLN 184.38 PLN 253.82 PLN 70
DDM Multi-Stage 102.32 PLN 168.43 PLN 196.96 PLN 61
Multiples
P/E Multiple 66.19 PLN 88.25 PLN 110.31 PLN 63
P/S Multiple 53.58 PLN 71.44 PLN 89.30 PLN 58
P/B Multiple 53.58 PLN 71.44 PLN 89.30 PLN 55
EV/EBIT 382.84 PLN 513.25 PLN 643.66 PLN 53
EV/EBITDA 380.80 PLN 510.53 PLN 640.27 PLN 54
EV/Revenue 106.35 PLN 155.52 PLN 204.70 PLN 43
Asset-Based
NCAV (Graham) 30.41 PLN 40.75 PLN 60.82 PLN 50
Growth DCF
Growth DCF 72.15 PLN 139.57 PLN 238.30 PLN 80
Rev-Margin DCF 96.51 PLN 194.87 PLN 335.21 PLN 74
Economic Profit
Residual Income 46.88 PLN 48.72 PLN 48.86 PLN 76
ROIC Compounder 225.94 PLN 295.78 PLN 380.42 PLN 72
Growth Earnings
Growth-Adj P/E 73.07 PLN 104.38 PLN 135.69 PLN 68

Widest divergence: Dividend Discount (168.43 PLN) versus Asset-Based (40.75 PLN). Highest evidence: Growth DCF (80).

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Key figures & financial health

P/E ratio 76.9
P/S ratio 3.55 P/E × margin
EPS (TTM) 5.20 PLN price ÷ EPS = P/E 76.9
Dividend yield 4.0%
Net margin 4.6% FY2025
Return on equity 7.4% TTM
More key figures
Profitability
Return on assets (EBIT) 33.4% avg 5y
Operating margin 28.8% TTM
Growth
Revenue (TTM) 339M PLN TTM
Revenue growth (YoY) +32.6% 3y avg +9.5%
EPS growth (YoY) +24.9%
Balance sheet & cash flow
Free cash flow 24.6M PLN FY2025
Net debt 45.3M PLN FY2025 · ≈ 1.8 yrs of FCF

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 53 · Market factors (momentum, volatility) 76

Profitability 36
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 70
Balance sheet, leverage, solvency risk
Investment 37
Disciplined investing over empire-building
Low Volatility 92
Calm price path (market factor)
Momentum 60
Price trend over the last 3–12 months (market factor)
52W Momentum 86
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Mo-BRUK S.A. processes industrial, hazardous, and municipal waste in Poland, Germany, Italy, Slovenia, Denmark, Romania, and Lithuania. The company operates through, Waste Management and Petrol Station segments. It provides incineration, disposal, and solidification and stabilization of medical, industrial, and inorganic waste.

Full company description

Mo-BRUK S.A. processes industrial, hazardous, and municipal waste in Poland, Germany, Italy, Slovenia, Denmark, Romania, and Lithuania. The company operates through, Waste Management and Petrol Station segments. It provides incineration, disposal, and solidification and stabilization of medical, industrial, and inorganic waste. The company also owns and operates fuel stations that provide sale of liquid fuels; offers car wash and diagnostics services; produces alternative fuel from waste; and provides laboratory services. In addition, it is involved in the coal silt mining activities and rental activities. Mo-BRUK S.A. was founded in 1985 and is headquartered in Korzenna, Poland. Mo-BRUK S.A. operates as a subsidiary of Ginger Capital SP. Z O.O.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Mo-Bruk SA reported revenue of 320M PLN in FY2025 versus 267M PLN in FY2021, a compound +4.6%/yr. Reported net income was 14.8M PLN in FY2025, compounding −40.1%/yr from FY2021.

Growth Quality 82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
320M PLN
Latest YoY
+12.7%
Avg. revenue 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.
+9.5%
Avg. revenue 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.
+12.4%
Avg. revenue growth/yr (16Y) 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.
+13.3%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year.
+6.4% (2.4 + 4.0)
Revenue +4.6%/yr
FY21 267M PLN
FY22 243M PLN
FY23 237M PLN
FY24 284M PLN
FY25 320M PLN
Net income −40.1%/yr
FY21 115M PLN
FY22 92.2M PLN
FY23 78.9M PLN
FY24 70.5M PLN
FY25 14.8M PLN

MBR screens 78% overvalued. Compare with Waste Management, Inc →

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

Peer Group

Waste Management · 168 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 53 · Above median
Fair Value upside −78% · Bottom 25%
Return on equity (TTM) 7% · Above median
Return on assets 8% · Top 25%
Net margin (TTM) 5% · Above median
Operating margin (TTM) 29% · Top 25%
Revenue growth 33% · Top 25%
Dividend yield (TTM) 3.8% · Above median
Debt / equity 0.26× · Lower than median

Valuation Multiples vs Waste Management median · lower = cheaper

P/E (TTM) 76.9× · Pricier than 75% of peers
P/B 1.66× · Pricier than median
P/S (TTM) 1.05× · Cheaper than median
P/FCF 14.5× · Pricier than 75% of peers
EV/EBITDA 4.1× · Cheaper than 75% of peers
PEG 0.29× · 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 4
FUTURE100 · sector 20
PAST30 · sector 26
HEALTH87 · sector 83
DIVIDEND76 · sector 44

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 Waste Management stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).

Stock Price Fair Value vs Fair Value
Waste Management, Inc WM $221.24 $128.02 -42%
Republic Services, Inc RSG $222.18 $120.63 -46%
Waste Connections, Inc WCN C$230.52 C$78.67 -66%
Veolia Environnement SA VIE €32.58 €23.26 -29%
Clean Harbors, Inc CLH $316.65 $154.01 -51%
GFL Environmental Inc GFL C$57.62 C$44.27 -23%
Fomento de Construcciones y Contratas, S.A FCC €11.30 €7.30 -35%
GEM Co 002340 ¥6.75 ¥5.27 -22%
Zhejiang Weiming Environment Protection Co 603568 ¥15.68 ¥20.95 +34%
Cleanaway Waste Management Limited CWY A$2.56 A$1.18 -54%

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Frequently asked questions

Is Mo-Bruk SA (MBR) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of 88.25 PLN versus a price of 400.00 PLN, about −78% (overvalued).
What is the fair value of MBR?
Our model-based fair value for Mo-Bruk SA is 88.25 PLN (as of Aug 27, 2026), built from audited fundamentals. The current price: 400.00 PLN.
What is the quality score of MBR?
Mo-Bruk SA has a Quality Score of 53/100. 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 Mo-Bruk SA (MBR)?
Mo-Bruk SA reported trailing-twelve-month revenue of about 320M PLN (latest available figure, as of Aug 27, 2026).
What is the net profit margin of MBR?
The net profit margin of Mo-Bruk SA is about 4.8%, meaning it keeps roughly 4.8% of revenue as net income. Based on the latest reported figures.
Does Mo-Bruk SA pay a dividend?
Mo-Bruk SA currently shows a dividend yield of about 4.04% relative to its recent price (as of Aug 27, 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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