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Mangata Holding (MGT) Fair Value & Analysis

Industrials · PL · Market cap 422M PLN

MH Mangata Holding MGT · WAR
Price62.60 PLN
Fair Value106.86 PLN
Upside+70.7%
Quality65/100
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Mixed Growth
Thin margins · 5.1% net margin
Low debt · generates free cash flow
7.03% dividend yield
Ranks above peers (11/15)
Narrow moat 37/100
Evidence: High Range 80.14 PLN – 133.57 PLN Share as image

Fair value as of: Jul 19, 2026

From 26 valuation models · updated 22 days ago

Share price −3.4% over the past month.

A solid business, screening 71% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (80.14 PLN). The market is more pessimistic than our downside scenario.
  • Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

88.59 PLN 48.05 PLN Fair Value 106.86 PLN Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range 48.05 PLN – 88.59 PLN · fair‑value band 80.14 PLN – 133.57 PLN · the 62.60 PLN price screens below the 106.86 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Mangata Holding (MGT) currently trades at 62.60 PLN, while our model-based Fair Value estimate is 106.86 PLN, implying the stock looks roughly 70.7% undervalued today. The Quality Score stands at 65/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Mangata Holding generated revenue of 779M PLN at a net margin of 5.1%. Revenue grew 5.0% year over year. It earns a return on equity of 7.2%. Net debt stands at 85.8M PLN. Fundamentals as of Jul 19, 2026

Our scenario range runs from 80.14 PLN (bear case) to 133.57 PLN (bull case); at 62.60 PLN, the current price sits below 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 19% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -72% fair-value upside, at 71%, MGT screens cheaper 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 146.19 PLN 201.63 PLN 270.75 PLN 80
Residual Income 64.00 PLN 67.38 PLN 70.10 PLN 76
Rev-Margin DCF 93.54 PLN 132.45 PLN 177.85 PLN 74
All 26 models by family
DCF Models
FCF DCF 145.19 PLN 208.93 PLN 293.59 PLN 38
Owner Earnings 94.48 PLN 135.83 PLN 190.76 PLN 31
5Y Revenue Exit 93.54 PLN 130.34 PLN 175.04 PLN 39
5Y EBITDA Exit 129.19 PLN 196.81 PLN 274.23 PLN 41
5Y P/E Exit 111.09 PLN 163.06 PLN 216.36 PLN 38
10Y Revenue Exit 111.87 PLN 148.54 PLN 194.20 PLN 36
10Y EBITDA Exit 134.19 PLN 190.63 PLN 263.13 PLN 37
10Y P/E Exit 123.65 PLN 169.26 PLN 222.92 PLN 35
Earnings-Based
Graham-Dodd 42.74 PLN 131.52 PLN 174.72 PLN 54
Lynch FV 28.38 PLN 40.54 PLN 52.71 PLN 50
PEG = 1.0 28.38 PLN 40.54 PLN 52.71 PLN 46
EPV 49.38 PLN 56.01 PLN 61.53 PLN 59
Dividend Discount
Gordon GGM 43.30 PLN 78.02 PLN 107.41 PLN 70
DDM Multi-Stage 43.30 PLN 67.01 PLN 83.35 PLN 61
Multiples
P/E Multiple 99.00 PLN 132.00 PLN 165.00 PLN 63
P/S Multiple 80.14 PLN 106.86 PLN 133.57 PLN 58
P/B Multiple 80.14 PLN 106.86 PLN 133.57 PLN 55
EV/EBIT 86.86 PLN 115.56 PLN 144.26 PLN 53
EV/EBITDA 133.96 PLN 178.37 PLN 222.77 PLN 54
EV/Revenue 62.21 PLN 88.55 PLN 114.88 PLN 43
Asset-Based
NCAV (Graham) 40.57 PLN 54.37 PLN 81.15 PLN 50
Growth DCF
Growth DCF 146.19 PLN 201.63 PLN 270.75 PLN 80
Rev-Margin DCF 93.54 PLN 132.45 PLN 177.85 PLN 74
Economic Profit
Residual Income 64.00 PLN 67.38 PLN 70.10 PLN 76
ROIC Compounder 49.38 PLN 56.01 PLN 61.53 PLN 72
Growth Earnings
Growth-Adj P/E 81.54 PLN 116.48 PLN 151.43 PLN 68

Widest divergence: DCF Models (163.06 PLN) versus Earnings-Based (40.54 PLN). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 779M PLN
Revenue growth (YoY) +5.0%
Net margin 5.1%
Return on equity 7.2%
Free cash flow 102M PLN FY2025
P/E ratio 10.7
More key figures
Operating margin 3.6%
EPS (TTM) 5.96 PLN
Dividend yield 7.0%
EPS growth (YoY) -23.7%
Net debt 85.8M PLN FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 64 · Market factors (momentum, volatility) 53

Profitability 41
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 47
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

Mangata Holding S.A. manufactures and sells fittings, castings, fasteners, and components in Poland, the European Union, and internationally. It operates through Motorization Components, Fittings and Industrial Automation, Fasteners, and Non-Productive Activities segments.

Full company description

Mangata Holding S.A. manufactures and sells fittings, castings, fasteners, and components in Poland, the European Union, and internationally. It operates through Motorization Components, Fittings and Industrial Automation, Fasteners, and Non-Productive Activities segments. The company offers forgings, exhaust systems, and metal components; and car parts, mechanical parts for vacuum pumps, servo drive parts, parts for construction and agricultural machinery, and hydraulic units. It also provides stop, bellow, check, butterfly, ball, and gate valves; and strainers, backflow preventers, and rubber expansion joints. In addition, the company offers engineering services for the implementation of the research and development of industrial valves. Further, it provides bolts, nuts, washers, rivets, and other fasteners. The company serves the automotive, mining, construction, gas and power, agriculture, heating distribution and technology, ventilation and air conditioning, water supply and sewage system, shipbuilding, industrial valve, control of valve, railway, and machine industries. It exports its products to approximately 70 countries, including Germany, the Netherlands, Italy, Sweden, France, Egypt, Indonesia, Brazil, China, the United Arab Emirates, Saudi Arabia, South Africa, and the United States. The company was formerly known as ZETKAMA Spólka Akcyjna and changed its name to Mangata Holding S.A. in September 2016. The company was founded in 1946 and is headquartered in Bielsko-Biala, Poland. Mangata Holding S.A. is a subsidiary of Capital MBO Spolka z ograniczona odpowiedzialnoscia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Mangata Holding reported revenue of 769M PLN in FY2025 versus 791M PLN in FY2021, a compound −0.7%/yr. Reported net income was 41.7M PLN in FY2025, compounding −12.2%/yr from FY2021.

Growth Quality 66/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
769M PLN
Latest YoY
−1.1%
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.
−9.9%
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.
+6.3%
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.
+7.8%
Revenue −0.7%/yr
FY21 791M PLN
FY22 1.1B PLN
FY23 938M PLN
FY24 778M PLN
FY25 769M PLN
Net income −12.2%/yr
FY21 70.2M PLN
FY22 93.4M PLN
FY23 56.8M PLN
FY24 29.9M PLN
FY25 41.7M PLN
Character of growth · EPS growth decomposed (2014-2025) +0.0 % p.a.
Revenue per share +5.8 pp

of which total revenue +7.9 pp · buybacks/dilution −2.1 pp

EBIT margin −4.5 pp
Tax rate +0.7 pp
Residual (interest, one-offs) −2.0 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Mangata Holding Fair Value". https://www.fairvalue-calculator.com/stock/MGT

Peer Group

Metal Fabrication · 244 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 65 · Top 25%
Fair Value upside +71% · Top 25%
Return on equity (TTM) 7% · Above median
Return on assets 2% · Below median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 4% · Below median
Revenue growth 5% · Below median
Dividend yield (TTM) 7.0% · Top 25%
Debt / equity 0.06× · Lower than median

Valuation Multiples vs Metal Fabrication median · lower = cheaper

P/E (TTM) 10.7× · Cheaper than 75% of peers
P/B 0.21× · Cheaper than 75% of peers
P/S (TTM) 0.15× · Cheaper than 75% of peers
P/FCF 1.1× · Cheaper than median
EV/EBITDA 1.6× · Cheaper than 75% of peers
PEG 2.21× · Pricier 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.

VALUE 100 · sector 0
FUTURE 25 · sector 36
PAST 29 · sector 21
HEALTH 97 · sector 95
DIVIDEND 100 · sector 25

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.

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Frequently asked questions

Is Mangata Holding (MGT) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 106.86 PLN versus a price of 62.60 PLN, about +71% (undervalued).
What is the fair value of MGT?
Our model-based fair value for Mangata Holding is 106.86 PLN (as of Jul 19, 2026), built from audited fundamentals. The current price is 62.60 PLN.
What is the quality score of MGT?
Mangata Holding has a Quality Score of 65/100. 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 Mangata Holding (MGT)?
Mangata Holding reported trailing-twelve-month revenue of about 779M PLN (latest available figure, as of Jul 19, 2026).
What is the net profit margin of MGT?
The net profit margin of Mangata Holding is about 5.1%, meaning it keeps roughly 5.1% of revenue as net income. Based on the latest reported figures.
Does Mangata Holding pay a dividend?
Mangata Holding currently shows a dividend yield of about 5.97% relative to its recent price (as of Jul 19, 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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