Monnari Trade S.A. (MON) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Monnari Trade S.A. PLN 14.94, price PLN 5.08, upside +194.1%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Monnari Trade S.A. designs, produces, markets, and sells clothing products and accessories for women in Poland. It sells its products under the MONNARI brand through its network of stores and online. The company was formerly known as MONNARI s.c. and changed its name to Monnari Trade S.A. in 2000. Monnari Trade S.A.
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Monnari Trade S.A. designs, produces, markets, and sells clothing products and accessories for women in Poland. It sells its products under the MONNARI brand through its network of stores and online. The company was formerly known as MONNARI s.c. and changed its name to Monnari Trade S.A. in 2000. Monnari Trade S.A. was founded in 1998 and is headquartered in Ló Lódz, Poland.
Stock analysis
Monnari Trade S.A. (MON) currently trades at 5.08 PLN, while our model-based Fair Value estimate is 14.94 PLN, implying the stock looks roughly 66.0% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 19.04 PLN per share, and 15 of the 15 models we run sit above the 5.08 PLN price.
Bear case: the Earnings-Based group reads lowest at 7.70 PLN, and 0 of the 15 models stay below the price. Evidence for this calculation is medium.
Scenario range: 10.46 PLN (bear) to 19.43 PLN (bull), the price of 5.08 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 56/100 (solid quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Monnari Trade S.A. reported revenue of 356M PLN in FY2025 versus 232M PLN in FY2021, a compound +11.2%/yr. Reported net income was 23.6M PLN in FY2025, compounding +6.6%/yr from FY2021.
Key figures
Market cap 146M PLN (≈ $38.0M) · P/S ratio 0.40 · EPS (TTM) −21.09 PLN · Net margin 6.6% · Return on equity 5.5% · Return on assets (EBIT) 6.5% · Operating margin −3.4% · Revenue (TTM) 363M PLN.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 32% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −1% fair-value upside, at 194%, MON screens cheaper than that median.
Fair Value models
Bear 10.46 PLNFair Value 14.94 PLNBull 19.43 PLN
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.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.52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+13.0%
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.
+7.3%
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.
+11.2%
Start year 2020 (pandemic). Over 10 years: +5.2% a year
Revenue growth 20 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.
+10.6%
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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.
+9.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.8%
Dividend (yield on the price)0.0%
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.10% vs −3%, picking up
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.5% → 6%
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.Apparel Manufacturing · 228 stocks
Beats the industry median on 10/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+194% · Top 25%
Profitability
Return on equity (TTM)5% · Above median
Return on assets4% · Above median
Net margin (TTM)5% · Above median
Operating margin (TTM)−3% · Bottom 25%
Growth and dividend
Revenue growth9% · Top 25%
Valuation Multiplesvs Apparel Manufacturing median · lower = cheaper
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Is Monnari Trade S.A. (MON) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 14.94 PLN versus a price of 5.08 PLN, about +194% upside (undervalued).
What is the fair value of MON?
Our model-based fair value for Monnari Trade S.A. is 14.94 PLN (as of Sep 24, 2026), built from audited fundamentals. The current price: 5.08 PLN.
What is the quality score of MON?
Monnari Trade S.A. has a Quality Score of 56/100. 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 Monnari Trade S.A. (MON)?
Our model-based price target is the fair value of 14.94 PLN (as of Sep 24, 2026) from 15 valuation models. Cautious scenario 10.46 PLN, optimistic scenario 19.43 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Monnari Trade S.A. stock forecast for 2026?
Our models put fair value at 14.94 PLN, about +194% upside versus a price of 5.08 PLN (undervalued). Cautious scenario 10.46 PLN, optimistic scenario 19.43 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Monnari Trade S.A. (MON)?
Monnari Trade S.A. reported trailing-twelve-month revenue of about 363M PLN (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Monnari Trade S.A. (MON)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Monnari Trade S.A. it is 14.94 PLN per share (as of Sep 24, 2026), against a price of 5.08 PLN. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Monnari Trade S.A. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, MON trades below its calculated fair value: price 5.08 PLN, fair value 14.94 PLN, a gap of about +194% (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 MON?
No. The price is what the market pays today (5.08 PLN); the fair value is what the company's own numbers justify (14.94 PLN). For Monnari Trade S.A. the two are 9.86 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Monnari Trade S.A. worth?
The market values Monnari Trade S.A. at about 146M PLN (market capitalisation, as of Sep 24, 2026). Per share that is 5.08 PLN; our models calculate a fair value of 14.94 PLN per share.
What do the bullish and bearish scenarios say about MON?
Our models span a range for Monnari Trade S.A.: cautious scenario 10.46 PLN, base 14.94 PLN, optimistic 19.43 PLN per share (as of Sep 24, 2026, price 5.08 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of MON?
The PEG ratio of Monnari Trade S.A. is 1.16 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Monnari Trade S.A. (MON)?
Balance-sheet figures for Monnari Trade S.A. (as of Sep 24, 2026): return on equity 5.5%. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is MON from its 52-week high?
Monnari Trade S.A. trades at 5.08 PLN, about 32% below its 52-week high of 7.48 PLN and 11% above the low of 4.56 PLN (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 14.94 PLN is for.
Which stocks are comparable to Monnari Trade S.A.?
From the same area (Consumer Cyclical) we also value Ralph Lauren Corporation, Moncler S.p.A, Gildan Activewear Inc, LPP 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 Monnari Trade S.A. stock attractive at the current price?
The data as of Sep 24, 2026: price 5.08 PLN, calculated fair value 14.94 PLN (+194%), Quality Score 56/100, from 15 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 MON calculated?
We run Monnari Trade S.A. through 15 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 14.94 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 14.1 % above its aggregate fair value. Monnari Trade S.A. currently trades 194 % 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 Monnari Trade S.A. (MON)?
The closing price on Sep 23, 2026 was 5.08 PLN. Our model-based fair value is 14.94 PLN, about +194% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Monnari Trade S.A. right now?
The price is below even our cautious bear case (10.46 PLN). The market is more pessimistic than our downside scenario. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (10.46 PLN to 19.43 PLN) leaves room in how you read the outcome.
Key figures of Monnari Trade S.A.
How large is the market capitalisation of Monnari Trade S.A. (MON)?
The market capitalisation of Monnari Trade S.A. is 146M PLN (≈ $38.0M). 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 Monnari Trade S.A. (MON)?
The price-to-sales ratio of Monnari Trade S.A. is 0.40 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Monnari Trade S.A. (MON)?
Earnings per share at Monnari Trade S.A. are −21.09 PLN. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Monnari Trade S.A. (MON)?
The net margin of Monnari Trade S.A. is 6.6% (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 Monnari Trade S.A. (MON)?
The return on equity (ROE) of Monnari Trade S.A. is 5.5% (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 Monnari Trade S.A. (MON)?
On an EBIT basis the return on assets of Monnari Trade S.A. is 6.5% (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 Monnari Trade S.A. (MON)?
The operating margin of Monnari Trade S.A. is −3.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Monnari Trade S.A. (MON)?
Revenue at Monnari Trade S.A. is growing +9.3% versus a year earlier (3y avg +7.3%). 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 Monnari Trade S.A. (MON)?
Earnings per share at Monnari Trade S.A. are growing +85.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Monnari Trade S.A. (MON) generate?
The free cash flow of Monnari Trade S.A. is −27.1M PLN (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Monnari Trade S.A. (MON) hold?
Monnari Trade S.A. holds more cash than debt, 5.6M PLN net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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