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MOJ S.A (MOJ) Fair Value & Analysis

Industrials · PL · Market cap 15.5M PLN

MS MOJ S.A MOJ · WAR
Price1.45 PLN
Fair Value0.7600 PLN
Upside-47.6%
Quality51/100
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Mixed Growth
Thin margins · 1.8% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/13)
Narrow moat 31/100
Evidence: High Range 0.5800 PLN – 0.9100 PLN Share as image

Fair value as of: Jul 15, 2026

From 25 valuation models · updated 27 days ago

Fair value updated Jul 15, 2026, revised from 3.17 PLN to 0.7600 PLN (−76.0%) since Jun 25, 2026. Share price −9.4% over the past month.

A solid business, but screening 48% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.9100 PLN). The favourable scenario is already priced in.
  • Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

2.80 PLN 0.5800 PLN Fair Value 0.7600 PLN Feb 2019 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range 0.5800 PLN – 2.80 PLN · fair‑value band 0.5800 PLN – 0.9100 PLN · the 1.45 PLN price screens above the 0.7600 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

Full chart & analysis →

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Analysis

MOJ S.A (MOJ) currently trades at 1.45 PLN, while our model-based Fair Value estimate is 0.7600 PLN, implying the stock looks roughly 47.6% overvalued today. The Quality Score stands at 51/100 (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, MOJ S.A generated revenue of 67.7M PLN at a net margin of 2.7%. Revenue declined 17.7% year over year. It earns a return on equity of 6.4%. Net debt stands at 11.0M PLN. Fundamentals as of Jul 15, 2026

Our scenario range runs from 0.5800 PLN (bear case) to 0.9100 PLN (bull case); at 1.45 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 about 28% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -48%, MOJ 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 2.50 PLN 3.40 PLN 4.47 PLN 80
Residual Income 3.03 PLN 2.87 PLN 2.26 PLN 76
Rev-Margin DCF 2.04 PLN 3.05 PLN 4.25 PLN 74
All 25 models by family
DCF Models
FCF DCF 2.50 PLN 3.56 PLN 4.93 PLN 38
5Y Revenue Exit 2.04 PLN 3.03 PLN 4.27 PLN 39
5Y EBITDA Exit 2.61 PLN 4.12 PLN 5.88 PLN 41
5Y P/E Exit 2.59 PLN 4.07 PLN 5.64 PLN 38
10Y Revenue Exit 2.17 PLN 3.05 PLN 4.20 PLN 36
10Y EBITDA Exit 2.53 PLN 3.71 PLN 5.28 PLN 37
10Y P/E Exit 2.51 PLN 3.67 PLN 5.11 PLN 35
Earnings-Based
Graham-Dodd 1.27 PLN 4.37 PLN 5.87 PLN 54
Lynch FV 1.01 PLN 1.44 PLN 1.88 PLN 50
PEG = 1.0 1.01 PLN 1.44 PLN 1.88 PLN 46
EPV 1.27 PLN 1.42 PLN 1.54 PLN 59
Dividend Discount
Gordon GGM 0.3000 PLN 0.5100 PLN 0.6600 PLN 70
DDM Multi-Stage 0.3000 PLN 0.4800 PLN 0.5500 PLN 61
Multiples
P/E Multiple 2.94 PLN 3.91 PLN 4.89 PLN 63
P/S Multiple 2.38 PLN 3.17 PLN 3.96 PLN 58
P/B Multiple 2.38 PLN 3.17 PLN 3.96 PLN 55
EV/EBIT 2.47 PLN 3.28 PLN 4.09 PLN 53
EV/EBITDA 3.04 PLN 4.03 PLN 5.03 PLN 54
EV/Revenue 1.78 PLN 2.52 PLN 3.26 PLN 43
Asset-Based
NCAV (Graham) 2.26 PLN 3.03 PLN 4.53 PLN 50
Growth DCF
Growth DCF 2.50 PLN 3.40 PLN 4.47 PLN 80
Rev-Margin DCF 2.04 PLN 3.05 PLN 4.25 PLN 74
Economic Profit
Residual Income 3.03 PLN 2.87 PLN 2.26 PLN 76
ROIC Compounder 1.27 PLN 1.42 PLN 1.54 PLN 72
Growth Earnings
Growth-Adj P/E 2.52 PLN 3.60 PLN 4.68 PLN 68

Widest divergence: DCF Models (3.67 PLN) versus Dividend Discount (0.4800 PLN). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 67.7M PLN
Revenue growth (YoY) -17.7%
Net margin 2.7%
Return on equity 6.4%
Free cash flow 2.8M PLN FY2025
P/E ratio 8.5
More key figures
Operating margin 4.9%
EPS (TTM) 0.1900 PLN
EPS growth (YoY) -79.6%
Net debt 11.0M PLN FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 50 · Market factors (momentum, volatility) 40

Profitability 33
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 48
Earnings quality: real cash, not paper profit
Fin. Strength 37
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 27
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

MOJ S.A. offers various industrial equipment in Poland. The company provides couplings, such as elastic, directional, back stop, hydrokinetic, bolt, toothed, and special couplings and assemblies; hand tools, including pneumatic, hydraulic, electric, hand wrenches; individual housing; aggregates; pumps; auxiliary drives; hydraulic actuators; and special …

Full company description

MOJ S.A. offers various industrial equipment in Poland. The company provides couplings, such as elastic, directional, back stop, hydrokinetic, bolt, toothed, and special couplings and assemblies; hand tools, including pneumatic, hydraulic, electric, hand wrenches; individual housing; aggregates; pumps; auxiliary drives; hydraulic actuators; and special chains. The company also exports its products to the United States, Mexico, Argentina, Germany, Italy, the Czech Republic, Russia, Kazakhstan, Ukraine, Belarus, Turkey, Bosnia and Herzegovina, Serbia, Slovenia, China, Iran, Bulgaria, Romania, Estonia, and Cyprus. MOJ S.A. was founded in 1913 and is based in Katowice, Poland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

MOJ S.A reported revenue of 67.7M PLN in FY2025 versus 53.3M PLN in FY2021, a compound +6.2%/yr. Reported net income was 1.8M PLN in FY2025, compounding −2.9%/yr from FY2021.

Growth Quality 79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
67.7M PLN
Latest YoY
−7.5%
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.
−1.9%
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.
+15.7%
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.
+8.2%
Revenue +6.2%/yr
FY21 53.3M PLN
FY22 71.8M PLN
FY23 79.4M PLN
FY24 73.2M PLN
FY25 67.7M PLN
Net income −2.9%/yr
FY21 2.1M PLN
FY22 2.0M PLN
FY23 2.5M PLN
FY24 3.1M PLN
FY25 1.8M PLN
Character of growth · EPS growth decomposed (2013-2024) +24.3 % p.a.
Revenue per share +4.9 pp

of which total revenue +4.7 pp · buybacks/dilution +0.3 pp

EBIT margin +7.6 pp
Tax rate +1.8 pp
Residual (interest, one-offs) +9.9 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).

MOJ screens 48% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "MOJ S.A Fair Value". https://www.fairvalue-calculator.com/stock/MOJ

Peer Group

Specialty Industrial Machinery · 808 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 51 · Below median
Fair Value upside −48% · Below median
Return on equity (TTM) 3% · Below median
Return on assets 1% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth -22% · Bottom 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 8.3× · Cheaper than 75% of peers
P/B 0.09× · Cheaper than 75% of peers
P/S (TTM) 0.07× · Cheaper than 75% of peers
P/FCF 1.5× · Cheaper than median
EV/EBITDA 0.8× · 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.

VALUE 0 · sector 0
FUTURE 0 · sector 23
PAST 10 · sector 28
HEALTH 100 · sector 96
DIVIDEND 0 · sector 24

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc 1GEV €887.60 €186.93 -79%
1SIE 1SIE €273.20 €91.93 -66%
SMNS SMNS C$31.76 C$22.68 -29%
Eaton Corporation ETN $407.28 $171.92 -58%
Atlas Copco AB ATCOA kr 195.15 kr 112.59 -42%
Sandvik AB SAND kr 384.10 kr 193.01 -50%
Doosan Enerbility Co 034020 76,400 KRW 7,938 KRW -90%
Vestas Wind Systems A/S VWS kr 178.10 kr 124.54 -30%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
NARI Technology Co 600406 ¥22.19 ¥18.71 -16%

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Frequently asked questions

Is MOJ S.A (MOJ) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 0.7600 PLN versus a price of 1.45 PLN, about −48% (overvalued).
What is the fair value of MOJ?
Our model-based fair value for MOJ S.A is 0.7600 PLN (as of Jul 15, 2026), built from audited fundamentals. The current price is 1.45 PLN.
What is the quality score of MOJ?
MOJ S.A has a Quality Score of 51/100. 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 MOJ S.A (MOJ)?
MOJ S.A reported trailing-twelve-month revenue of about 67.7M PLN (latest available figure, as of Jul 15, 2026).
What is the net profit margin of MOJ?
The net profit margin of MOJ S.A is about 2.7%, meaning it keeps roughly 2.7% 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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