Mennica Skarbowa SA (MNS) fair value: what the stock is really worth
As of Sep 18, 2026: fair value of Mennica Skarbowa SA PLN 132, price PLN 49.50, upside +166.1%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 4, 2026.
How to read this chart
60‑month range 38.20 PLN – 153.45 PLN · fair‑value band 76.61 PLN – 213.75 PLN · the 49.50 PLN price screens below the 131.74 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 4, 2026.
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Mennica Skarbowa SA (MNS) currently trades at 49.50 PLN, while our model-based Fair Value estimate is 131.74 PLN, implying the stock looks roughly 62.4% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 175.76 PLN per share, and 21 of the 23 models we run sit above the 49.50 PLN price.
Bear case: the Asset-Based group reads lowest at 20.09 PLN, and 2 of the 23 models stay below the price. Evidence for this calculation is medium.
Scenario range: 76.61 PLN (bear) to 213.75 PLN (bull), the price of 49.50 PLN sits below 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 62/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Mennica Skarbowa SA reported revenue of 1.4B PLN in FY2025 versus 1.1B PLN in FY2021, a compound +5.4%/yr. Reported net income was 8.6M PLN in FY2025, compounding −20.5%/yr from FY2021.
Key figures
Market cap 104M PLN (≈ $26.5M) · P/E ratio 6.6 · P/S ratio 0.04 · EPS (TTM) 15.15 PLN · Net margin 0.6% · Return on equity 10,310% · Return on assets (EBIT) 9.2% · Free cash flow 8.7M PLN.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 49% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −26% fair-value upside, at 166%, MNS screens cheaper than that median.
Fair Value models
Bear 76.61 PLNFair Value 131.74 PLNBull 213.75 PLN
Price 49.50 PLN · Upside +166.1%
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (11.54 PLN per share) are deliberately not added.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.
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.90/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+47.8%
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.
+3.8%
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.
+20.9%
Start year 2020 (pandemic). Over 10 years: +29.5% a year
Revenue growth 10 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.
+29.5%
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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.
−8.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.9%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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.4% → 1%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−7.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Poland: IMF forecast 3.1% a year to 2030, 4.6% from 2016 to 2025) that is about −9.9% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Specialty Retailers” was too small, so the broader sector is used.)Consumer Discretionary · 3610 stocks
Beats the sector median on 5/9 measures
A mixed picture versus its sector peers.
Valuation
Quality Score62 · Above median
Fair Value upside+166.1% · Top 25%
Profitability
Return on assets0.0% · Bottom 25%
Net margin (TTM)0.6% · Below median
Operating margin (TTM)0.0% · Bottom 25%
Growth and dividend
Revenue growth0.0% · Below median
Valuation Multiplesvs Consumer Discretionary median · lower = cheaper
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). "Mennica Skarbowa SA Fair Value". https://www.fairvalue-calculator.com/stock/MNS
Frequently asked questions
Is Mennica Skarbowa SA (MNS) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of 131.74 PLN versus the last price from Sep 18, 2026 of 49.50 PLN, about +166% upside (undervalued).
What is the fair value of MNS?
Our model-based fair value for Mennica Skarbowa SA is 131.74 PLN (as of Oct 4, 2026), built from audited fundamentals. Last price (from Sep 18, 2026): 49.50 PLN.
What is the quality score of MNS?
Mennica Skarbowa SA has a Quality Score of 62/100. 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 Mennica Skarbowa SA (MNS)?
Our model-based price target is the fair value of 131.74 PLN (as of Oct 4, 2026) from 23 valuation models. Cautious scenario 76.61 PLN, optimistic scenario 213.75 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Mennica Skarbowa SA stock forecast for 2026?
Our models put fair value at 131.74 PLN, about +166% upside versus the last price from Sep 18, 2026 of 49.50 PLN (undervalued). Cautious scenario 76.61 PLN, optimistic scenario 213.75 PLN. The calculation is refreshed regularly with new filings.
What growth is priced into Mennica Skarbowa SA (MNS)?
For today's price to be fair in a discounted-cash-flow model, Mennica Skarbowa SA would have to grow free cash flow by -7.1 % 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 +20.9 % per year. As of Oct 4, 2026.
What discount rate (WACC) does the fair value of MNS use?
Our models discount Mennica Skarbowa SA at 10.6 %: a base by market capitalisation (nano), 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 Mennica Skarbowa SA that is -7.1 % 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 Mennica Skarbowa SA (MNS) delivered so far?
Over the past 5 years revenue at Mennica Skarbowa SA grew +20.9 % a year. The price currently implies -7.1 % 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 Mennica Skarbowa SA (MNS) growing?
The median revenue growth in the sector is +4.1 % a year. That is the yardstick for the growth priced into Mennica Skarbowa SA (-7.1 % 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 Mennica Skarbowa SA (MNS)?
The free-cash-flow yield on the price is 18.36 %: that much free cash flow Mennica Skarbowa 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 Mennica Skarbowa SA (MNS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mennica Skarbowa SA it is 131.74 PLN per share (as of Oct 4, 2026), against a price of 49.50 PLN. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Mennica Skarbowa SA stock overvalued or undervalued in 2026?
As of Oct 4, 2026, MNS trades below its calculated fair value: price 49.50 PLN, fair value 131.74 PLN, a gap of about +166% (undervalued). 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 MNS?
No. The price is what the market pays today (49.50 PLN); the fair value is what the company's own numbers justify (131.74 PLN). For Mennica Skarbowa SA the two are 82.24 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Mennica Skarbowa SA worth?
The market values Mennica Skarbowa SA at about 104M PLN (market capitalisation, as of Oct 4, 2026). Per share that is 49.50 PLN; our models calculate a fair value of 131.74 PLN per share.
What do the bullish and bearish scenarios say about MNS?
Our models span a range for Mennica Skarbowa SA: cautious scenario 76.61 PLN, base 131.74 PLN, optimistic 213.75 PLN per share (as of Oct 4, 2026, price 49.50 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MNS?
Mennica Skarbowa SA trades at a price-to-earnings ratio of 6.6 (as of Oct 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 131.74 PLN is built from several models across several years. Other multiples: P/B 0.4.
How far is MNS from its 52-week high?
Mennica Skarbowa SA trades at 49.50 PLN, about 49% below its 52-week high of 97.80 PLN and 1% above the low of 49.00 PLN (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of 131.74 PLN is for.
Which stocks are comparable to Mennica Skarbowa SA?
From the same area (Consumer Cyclical) we also value WLCON, AUTOW, P24, Carasso Motors Ltd, 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 Mennica Skarbowa SA stock attractive at the current price?
The data as of Oct 4, 2026: price 49.50 PLN, calculated fair value 131.74 PLN (+166%), Quality Score 62/100, from 23 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 MNS calculated?
We run Mennica Skarbowa SA through 23 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 131.74 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 15.0 % above its aggregate fair value. Mennica Skarbowa SA currently trades 62 % below its own fair value, and the market average says nothing about that. 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 Mennica Skarbowa SA (MNS)?
The latest price we hold is from Sep 18, 2026 and stands at 49.50 PLN. Our model-based fair value is 131.74 PLN, about +166% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mennica Skarbowa SA right now?
The price is below even our cautious bear case (76.61 PLN). The market is more pessimistic than our downside scenario. The model range is unusually wide (76.61 PLN to 213.75 PLN). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Mennica Skarbowa SA
How large is the market capitalisation of Mennica Skarbowa SA (MNS)?
The market capitalisation of Mennica Skarbowa SA is 104M PLN (≈ $26.5M). 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 Mennica Skarbowa SA (MNS)?
The price-to-sales ratio of Mennica Skarbowa SA is 0.04 (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 Mennica Skarbowa SA (MNS)?
Earnings per share at Mennica Skarbowa SA are 15.15 PLN (price ÷ EPS = P/E 6.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Mennica Skarbowa SA (MNS)?
The net margin of Mennica Skarbowa SA is 0.6% (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 Mennica Skarbowa SA (MNS)?
The return on equity (ROE) of Mennica Skarbowa SA is 10,310% (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 Mennica Skarbowa SA (MNS)?
On an EBIT basis the return on assets of Mennica Skarbowa SA is 9.2% (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.
How much net debt does Mennica Skarbowa SA (MNS) carry?
The net debt of Mennica Skarbowa SA is 4.2M PLN (fiscal year 2025, ≈ 0.5 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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