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MLP Group (MLG) Fair Value & Analysis

Real Estate · PL · Market cap 2.5B PLN

MG MLP Group MLG · WAR
Price109.00 PLN
Fair Value113.92 PLN
Upside+4.5%
Quality57/100
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Mixed Growth
Highly profitable · 120.9% net margin
Moderate debt · generates free cash flow
Ranks above peers (10/13)
Moderate moat 58/100
Evidence: High Range 85.44 PLN – 234.84 PLN Share as image

Fair value as of: Jul 16, 2026

From 16 valuation models · updated 24 days ago

Share price +3.8% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The model range is unusually wide (85.44 PLN to 234.84 PLN). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

112.00 PLN 58.80 PLN Fair Value 113.92 PLN Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 58.80 PLN – 112.00 PLN · fair‑value band 85.44 PLN – 234.84 PLN · the 109.00 PLN price screens below the 113.92 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

MLP Group (MLG) currently trades at 109.00 PLN, while our model-based Fair Value estimate is 113.92 PLN, implying the stock looks roughly 4.5% fairly valued today. The Quality Score stands at 57/100 (solid quality), in the Real Estate 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.

Trailing-twelve-month revenue stands at 421M PLN. Revenue grew 20.3% year over year. It earns a return on equity of 15.5%. Net debt stands at 2.9B PLN. Fundamentals as of Jul 16, 2026

Our scenario range runs from 85.44 PLN (bear case) to 234.84 PLN (bull case); at 109.00 PLN, the current price sits within 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 5% below its 52-week high and 59% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -2% fair-value upside, at 5%, MLG 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 BearBaseBull Evidence
Highest evidence
Growth DCF 12.91 PLN 114.71 PLN 287.56 PLN 80
Residual Income 128.84 PLN 169.13 PLN 507.74 PLN 76
Rev-Margin DCF 54.08 PLN 145.85 PLN 74
All 16 models by family
DCF Models
FCF DCF 15.96 PLN 126.03 PLN 346.32 PLN 38
5Y Revenue Exit 56.59 PLN 157.97 PLN 39
5Y EBITDA Exit 1.33 PLN 95.49 PLN 217.47 PLN 41
10Y Revenue Exit 64.85 PLN 184.15 PLN 36
10Y EBITDA Exit 5.13 PLN 93.59 PLN 235.45 PLN 37
Dividend Discount
Gordon GGM 1.46 PLN 2.91 PLN 4.40 PLN 70
DDM Multi-Stage 1.46 PLN 2.51 PLN 3.07 PLN 61
Multiples
P/S Multiple 85.44 PLN 113.92 PLN 142.40 PLN 58
P/B Multiple 199.85 PLN 266.47 PLN 333.09 PLN 55
EV/EBIT 32.37 PLN 80.38 PLN 128.39 PLN 53
EV/EBITDA 1.39 PLN 39.08 PLN 76.77 PLN 54
EV/Revenue 1.81 PLN 35.86 PLN 43
Asset-Based
NCAV (Graham) 66.62 PLN 89.27 PLN 133.23 PLN 50
Growth DCF
Growth DCF 12.91 PLN 114.71 PLN 287.56 PLN 80
Rev-Margin DCF 54.08 PLN 145.85 PLN 74
Economic Profit
Residual Income 128.84 PLN 169.13 PLN 507.74 PLN 76

Widest divergence: Economic Profit (169.13 PLN) versus Dividend Discount (2.51 PLN). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 421M PLN
Revenue growth (YoY) +20.3%
Net margin 109%
Return on equity 15.5%
Free cash flow 233M PLN FY2025
P/E ratio 4.7
More key figures
Operating margin 44.6%
EPS (TTM) 22.26 PLN
EPS growth (YoY) +245%
Net debt 2.9B PLN FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 56 · Market factors (momentum, volatility) 72

Profitability 43
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 33
Balance sheet, leverage, solvency risk
Investment 66
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 60
Price trend over the last 3–12 months (market factor)
52W Momentum 80
Distance to the 52-week high (market factor)
Net Issuance 62
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

MLP Group S.A., together with its subsidiaries, engages in the purchase, development, lease, and sale of real estate properties in Poland, Germany, Romania, and Austria. The company manages residential and non-residential real estate properties; and constructs buildings. It also leases warehouses and office space; and operates logistics parks.

Full company description

MLP Group S.A., together with its subsidiaries, engages in the purchase, development, lease, and sale of real estate properties in Poland, Germany, Romania, and Austria. The company manages residential and non-residential real estate properties; and constructs buildings. It also leases warehouses and office space; and operates logistics parks. It serves manufacturing and logistics sectors. The company was founded in 1995 and is based in Pruszków, Poland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

MLP Group reported revenue of 421M PLN in FY2025 versus 201M PLN in FY2021, a compound +20.3%/yr. Reported net income was 459M PLN in FY2025, compounding −1.1%/yr from FY2021.

Growth Quality 91/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
421M PLN
Latest YoY
+12.5%
Avg. growth/yr (3Y)
+14.8%
Avg. growth/yr (5Y)
+17.1%
Avg. growth/yr (13Y)
+13.0%
Revenue +20.3%/yr
FY21 201M PLN
FY22 278M PLN
FY23 361M PLN
FY24 374M PLN
FY25 421M PLN
Net income −1.1%/yr
FY21 480M PLN
FY22 422M PLN
FY23 −52.1M PLN
FY24 372M PLN
FY25 459M PLN

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Cite: Fair Value Calculator (2026). "MLP Group Fair Value". https://www.fairvalue-calculator.com/stock/MLG

Peer Group

Real Estate Services · 521 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 59 · Above median
Fair Value upside +5% · Above median
Return on equity (TTM) 18% · Top 25%
Return on assets 2% · Above median
Net margin (TTM) 121% · Top 25%
Operating margin (TTM) 45% · Above median
Revenue growth 20% · Top 25%
Debt / equity 0.88× · Higher than median

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 4.7× · Cheaper than 75% of peers
P/B 0.21× · Cheaper than 75% of peers
P/S (TTM) 1.54× · Cheaper than median
P/FCF 2.9× · Pricier than median
EV/EBITDA 15.5× · 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.

VALUE 39 · sector 37
FUTURE 98 · sector 10
PAST 72 · sector 16
HEALTH 56 · sector 85
DIVIDEND 0 · sector 49

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 Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
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KE Holdings 2423 HK$44.76 HK$18.03 -60%
Swire Properties Limited 1972 HK$23.90 HK$18.75 -22%
Plaza S.A MALLPLAZA 3,725 CLP 5,571 CLP +50%
SAGAA SAGAA kr 170.00 kr 75.55 -56%
Cencosud Shopping S.A CENCOMALLS 2,324 CLP 2,976 CLP +28%
PT Sarana Menara Nusantara Tbk. owns and TOWR 372.00 IDR 1,208 IDR +225%
PT Metropolitan Kentjana Tbk MKPI 20,975 IDR 19,160 IDR -9%
PT Bangun Kosambi Sukses Tbk, CBDK 3,530 IDR 3,464 IDR -2%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 3,998 ARS +60%

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Frequently asked questions

Is MLP Group (MLG) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 113.92 PLN versus a price of 109.00 PLN, about +5% (fairly valued).
What is the fair value of MLG?
Our model-based fair value for MLP Group is 113.92 PLN (as of Jul 16, 2026), built from audited fundamentals. The current price is 109.00 PLN.
What is the quality score of MLG?
MLP Group has a Quality Score of 57/100. 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 MLP Group (MLG)?
MLP Group reported trailing-twelve-month revenue of about 421M PLN (latest available figure, as of Jul 16, 2026).
What is the net profit margin of MLG?
The net profit margin of MLP Group is about 109.2%, meaning it keeps roughly 109.2% 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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