Mo-Bruk SA (MBR) fair value: what the stock is really worth
As of Oct 9, 2026: fair value of Mo-Bruk SA PLN 104, price PLN 409, upside -74.5%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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.
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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.
Stock analysis
Mo-Bruk SA (MBR) currently trades at 409.00 PLN, while our model-based Fair Value estimate is 104.38 PLN, 74.5% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 183.81 PLN per share, and 4 of the 26 models we run sit above the 409.00 PLN price.
Bear case: the Asset-Based group reads lowest at 40.75 PLN, and 22 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 73.07 PLN (bear) to 135.69 PLN (bull), the price of 409.00 PLN sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 53/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
Key figures
Market cap 1.4B PLN (≈ $367M) · P/E ratio 46.5 · P/S ratio 2.15 · EPS (TTM) 8.79 PLN · Dividend yield 3.7% · Net margin 4.6% · Return on equity 14.4% · Return on assets (EBIT) 33.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 1% below its 52-week high and 45% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −19% fair-value upside, at −74%, MBR screens richer than that median.
Fair Value models
Bear 73.07 PLNFair Value 104.38 PLNBull 135.69 PLN
Price 409.00 PLN · Upside -74.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
FCF DCF100.48 PLN172.08 PLN341.96 PLN76
Growth DCF96.23 PLN183.81 PLN312.06 PLN76
Residual Income46.88 PLN48.72 PLN52.38 PLN76
All 26 models by family
DCF Models
FCF DCF100.48 PLN172.08 PLN341.96 PLN76
Owner Earnings25.56 PLN57.13 PLN112.22 PLN72
5Y Revenue Exit105.10 PLN209.70 PLN363.93 PLN70
5Y EBITDA Exit270.11 PLN580.99 PLN1,015 PLN72
5Y P/E Exit69.93 PLN131.30 PLN205.42 PLN69
10Y Revenue Exit98.13 PLN196.06 PLN352.04 PLN64
10Y EBITDA Exit205.94 PLN460.33 PLN911.30 PLN64
10Y P/E Exit79.63 PLN139.73 PLN232.26 PLN62
Earnings-Based
Graham-Dodd28.58 PLN177.42 PLN247.70 PLN63
Lynch FV51.01 PLN72.87 PLN94.73 PLN61
PEG = 1.051.01 PLN72.87 PLN94.73 PLN57
EPV191.36 PLN218.59 PLN241.29 PLN74
Dividend Discount
Gordon GGM102.32 PLN184.38 PLN253.82 PLN68
DDM Multi-Stage102.32 PLN168.43 PLN196.96 PLN67
Multiples
P/E Multiple66.19 PLN88.25 PLN110.31 PLN63
P/S Multiple53.58 PLN71.44 PLN89.30 PLN58
P/B Multiple53.58 PLN71.44 PLN89.30 PLN55
EV/EBIT382.84 PLN513.25 PLN643.66 PLN66
EV/EBITDA380.80 PLN510.53 PLN640.27 PLN67
EV/Revenue106.35 PLN155.52 PLN204.70 PLN53
Asset-Based
NCAV (Graham)30.41 PLN40.75 PLN60.82 PLN54
Growth DCF
Growth DCF96.23 PLN183.81 PLN312.06 PLN76
Rev-Margin DCF105.10 PLN206.03 PLN349.95 PLN70
Economic Profit
Residual Income46.88 PLN48.72 PLN52.38 PLN76
ROIC Compounder221.86 PLN290.89 PLN374.74 PLN72
Growth Earnings
Growth-Adj P/E73.07 PLN104.38 PLN135.69 PLN67
P/S and P/B multiple show the same value here: both are capped by the same earnings anchor (earnings per share times 17), because margin and return on equity do not support the sector multiple.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.87/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+12.7%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+9.5%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+12.4%
Start year 2020 (pandemic). Over 10 years: +21.6% a year
Revenue growth 16 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+13.3%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
+6.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.4%
Dividend (yield on the price)3.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−28.3% vs 18.6%, slowing
Profit margin 2019 to 2024 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.38% → 34%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+33.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+11.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (Poland: IMF forecast 3.1% a year to 2030, 4.6% from 2016 to 2025) that is about +29.2% a year for the price and +8.3% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Waste Management · 152 stocks
Beats the industry median on 9/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score53 · Above median
Fair Value upside−74.5% · Bottom 25%
Profitability
Return on equity (TTM)14.4% · Top 25%
Return on assets9.4% · Top 25%
Net margin (TTM)8.3% · Above median
Operating margin (TTM)35.8% · Top 25%
Growth and dividend
Revenue growth51.7% · Top 25%
Dividend yield (TTM)3.7% · Above median
Balance sheet
Debt / equity0.26× · Below median
Valuation Multiplesvs Waste Management median · lower = cheaper
P/E (TTM)46.5× · Priciest 25%
P/B6.73× · Priciest 25%
P/S (TTM)3.84× · Priciest 25%
P/FCF58.5× · Priciest 25%
EV/EBITDA13.4× · Pricier than median
PEG0.29× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 27
FUTURE (revenue growth)100· sector 40
PAST (return on equity)58· sector 26
HEALTH (low debt)87· sector 81
DIVIDEND (yield)74· sector 48
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Mo-Bruk SA Fair Value". https://www.fairvalue-calculator.com/stock/MBR
Frequently asked questions
Is Mo-Bruk SA (MBR) overvalued or undervalued?
As of Oct 7, 2026, our model estimates a fair value of 104.38 PLN versus a price of 409.00 PLN, about −74% upside (overvalued).
What is the fair value of MBR?
Our model-based fair value for Mo-Bruk SA is 104.38 PLN (as of Oct 7, 2026), built from audited fundamentals. The current price: 409.00 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 price target for Mo-Bruk SA (MBR)?
Our model-based price target is the fair value of 104.38 PLN (as of Oct 7, 2026) from 26 valuation models. Cautious scenario 73.07 PLN, optimistic scenario 135.69 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Mo-Bruk SA stock forecast for 2026?
Our models put fair value at 104.38 PLN, about −74% upside versus a price of 409.00 PLN (overvalued). Cautious scenario 73.07 PLN, optimistic scenario 135.69 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Mo-Bruk SA (MBR)?
Mo-Bruk SA reported trailing-twelve-month revenue of about 374M PLN (latest available figure, as of Oct 7, 2026).
Does Mo-Bruk SA pay a dividend?
Mo-Bruk SA currently shows a dividend yield of about 3.72% relative to its recent price (as of Oct 7, 2026).
What growth is priced into Mo-Bruk SA (MBR)?
For today's price to be fair in a discounted-cash-flow model, Mo-Bruk SA would have to grow free cash flow by +33.3 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.4 % per year. As of Oct 7, 2026.
What discount rate (WACC) does the fair value of MBR use?
Our models discount Mo-Bruk SA at 10.6 %: a base by market capitalisation (small), damped by beta 0.24, country premium for Poland. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Mo-Bruk SA that is +33.3 % per year a year over ten years, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Mo-Bruk SA (MBR) delivered so far?
Over the past 5 years revenue at Mo-Bruk SA grew +12.4 % a year. The price currently implies +33.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Mo-Bruk SA (MBR) growing?
The median revenue growth in the sector is +7.4 % a year. That is the yardstick for the growth priced into Mo-Bruk SA (+33.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Mo-Bruk SA (MBR)?
The free-cash-flow yield on the price is 1.71 %: that much free cash flow Mo-Bruk SA produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Mo-Bruk SA (MBR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mo-Bruk SA it is 104.38 PLN per share (as of Oct 7, 2026), against a price of 409.00 PLN. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Mo-Bruk SA stock overvalued or undervalued in 2026?
As of Oct 7, 2026, MBR trades above its calculated fair value: price 409.00 PLN, fair value 104.38 PLN, a gap of about −74% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MBR?
No. The price is what the market pays today (409.00 PLN); the fair value is what the company's own numbers justify (104.38 PLN). For Mo-Bruk SA the two are 304.62 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Mo-Bruk SA worth?
The market values Mo-Bruk SA at about 1.4B PLN (market capitalisation, as of Oct 7, 2026). Per share that is 409.00 PLN; our models calculate a fair value of 104.38 PLN per share.
What do the bullish and bearish scenarios say about MBR?
Our models span a range for Mo-Bruk SA: cautious scenario 73.07 PLN, base 104.38 PLN, optimistic 135.69 PLN per share (as of Oct 7, 2026, price 409.00 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MBR?
Mo-Bruk SA trades at a price-to-earnings ratio of 46.5 (as of Oct 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 104.38 PLN is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 18.5 (reported for FY2025: 93.7). Other multiples: PEG 0.3, P/B 6.7, P/S 3.8, EV/EBITDA 13.4.
What is the PEG ratio of MBR?
The PEG ratio of Mo-Bruk SA is 0.29 (P/E divided by earnings growth, as of Oct 7, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Mo-Bruk SA (MBR)?
Balance-sheet figures for Mo-Bruk SA (as of Oct 7, 2026): return on equity 14.4%, debt of 0.26 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is MBR from its 52-week high?
Mo-Bruk SA trades at 409.00 PLN, about 1% below its 52-week high of 414.00 PLN and 45% above the low of 281.50 PLN (as of Oct 9, 2026). Distance from the high says nothing about value: that is what the fair value of 104.38 PLN is for.
Which stocks are comparable to Mo-Bruk SA?
From the same area (Industrials) we also value Waste Management, Inc, Republic Services, Inc, Waste Connections, Inc, Veolia Environnement SA, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Mo-Bruk SA stock attractive at the current price?
The data as of Oct 7, 2026: price 409.00 PLN, calculated fair value 104.38 PLN (−74%), Quality Score 53/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MBR calculated?
We run Mo-Bruk SA through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 104.38 PLN, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. Mo-Bruk SA itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Mo-Bruk SA (MBR)?
The closing price on Oct 9, 2026 was 409.00 PLN. Our model-based fair value is 104.38 PLN, about −74% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mo-Bruk SA right now?
The price sits above even our optimistic bull case (135.69 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. A fairly wide model range (73.07 PLN to 135.69 PLN) leaves room in how you read the outcome.
Key figures of Mo-Bruk SA
How large is the market capitalisation of Mo-Bruk SA (MBR)?
The market capitalisation of Mo-Bruk SA is 1.4B PLN (≈ $367M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Mo-Bruk SA (MBR)?
The price-to-sales ratio of Mo-Bruk SA is 2.15 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Mo-Bruk SA (MBR)?
Earnings per share at Mo-Bruk SA are 8.79 PLN (price ÷ EPS = P/E 46.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Mo-Bruk SA (MBR)?
The dividend yield of Mo-Bruk SA is 3.7% (payout 34.2%, on adjusted earnings, reported 173%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Mo-Bruk SA (MBR)?
The net margin of Mo-Bruk SA is 4.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Mo-Bruk SA (MBR)?
The return on equity (ROE) of Mo-Bruk SA is 14.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Mo-Bruk SA (MBR)?
On an EBIT basis the return on assets of Mo-Bruk SA is 33.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Mo-Bruk SA (MBR)?
The operating margin of Mo-Bruk SA is 35.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mo-Bruk SA (MBR)?
Revenue at Mo-Bruk SA is growing +51.7% versus a year earlier (3y avg +9.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Mo-Bruk SA (MBR)?
Earnings per share at Mo-Bruk SA are growing +90.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Mo-Bruk SA (MBR) carry?
The net debt of Mo-Bruk SA is 45.3M PLN (fiscal year 2025, ≈ 1.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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