Mostostal Zabrze - Holding SA (MSZ) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Mostostal Zabrze - Holding SA PLN 10.25, price PLN 6.31, upside +62.4%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 1.23 PLN – 6.94 PLN · fair‑value band 8.14 PLN – 12.36 PLN · the 6.31 PLN price screens below the 10.25 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 Sep 24, 2026.
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Mostostal Zabrze S.A. engages in the design, production, construction, and assembly activities. It constructs industrial facilities; and public facilities, such as hospitals, office buildings, residential buildings, swimming pools and commercial facilities; as well as engineering work including, roads, and sewage systems and treatment plants.
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Mostostal Zabrze S.A. engages in the design, production, construction, and assembly activities. It constructs industrial facilities; and public facilities, such as hospitals, office buildings, residential buildings, swimming pools and commercial facilities; as well as engineering work including, roads, and sewage systems and treatment plants. The company offers industrial and specialist construction works in various industries, including metallurgy, cement, building materials, automotive, mining, and cableways. It also provides installation of equipment and process plants, steel structures for bridges, and storage tanks for petroleum and chemicals, as well as oxygen plants and installations for production of hydrogen; power and environmental protection services; and steel structures, steel hall, secondary steel structure, ducts, siloses, drilling towers, and piping. In addition, the company offers cranes and turntables for mobile cranes, subcomponents for boom sections, bodies and locomotive frames, bogie frames, and machining and anticorrosive protection services. Further, it provides electrical services, which includes engineering, procurement, installation of distribution devices and apparatus for electrical power networks and systems; and industrial and general constructions, as well as for steel, coke, chemical, and petrochemical industries. Mostostal Zabrze S.A. was founded in 1945 and is based in Gliwice, Poland.
Stock analysis
Mostostal Zabrze - Holding SA (MSZ) currently trades at 6.31 PLN, while our model-based Fair Value estimate is 10.25 PLN, implying the stock looks roughly 38.4% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 12.71 PLN per share, and 18 of the 26 models we run sit above the 6.31 PLN price.
Bear case: the Earnings-Based group reads lowest at 3.33 PLN, and 8 of the 26 models stay below the price. Evidence for this calculation is medium.
Scenario range: 8.14 PLN (bear) to 12.36 PLN (bull), the price of 6.31 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 54/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Mostostal Zabrze - Holding SA reported revenue of 1.2B PLN in FY2025 versus 770M PLN in FY2021, a compound +12.3%/yr. Reported net income was 38.1M PLN in FY2025, compounding +26.9%/yr from FY2021.
Key figures
Market cap 433M PLN (≈ $113M) · P/E ratio 9.1 · P/S ratio 0.28 · EPS (TTM) 0.6900 PLN · Dividend yield 0.2% · Net margin 3.1% · Return on equity 8.7% · Return on assets (EBIT) 8.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 9% 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 −31% fair-value upside, at 62%, MSZ screens cheaper than that median.
Fair Value models
Bear 8.14 PLNFair Value 10.25 PLNBull 12.36 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.5066 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.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.85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
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.
+32.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+32.3%
Dividend (yield on the price)0.2%
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.32% vs 15%, picking up
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% → 3%
Start year 2020 (pandemic)
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).
−12.3%
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 −15.0% a year for the price.
Compare Mostostal Zabrze - Holding SA with another stock
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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.Engineering & Construction · 839 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside+61% · Top 25%
Profitability
Return on equity (TTM)9% · Above median
Return on assets3% · Above median
Net margin (TTM)3% · Below median
Operating margin (TTM)3% · Below median
Growth and dividend
Revenue growth32% · Top 25%
Dividend yield (TTM)0.2% · Bottom 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Engineering & Construction 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). "Mostostal Zabrze - Holding SA Fair Value". https://www.fairvalue-calculator.com/stock/MSZ
Frequently asked questions
Is Mostostal Zabrze - Holding SA (MSZ) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 10.25 PLN versus a price of 6.31 PLN, about +62% upside (undervalued).
What is the fair value of MSZ?
Our model-based fair value for Mostostal Zabrze - Holding SA is 10.25 PLN (as of Sep 24, 2026), built from audited fundamentals. The current price: 6.31 PLN.
What is the quality score of MSZ?
Mostostal Zabrze - Holding SA has a Quality Score of 54/100. 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 Mostostal Zabrze - Holding SA (MSZ)?
Our model-based price target is the fair value of 10.25 PLN (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 8.14 PLN, optimistic scenario 12.36 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Mostostal Zabrze - Holding SA stock forecast for 2026?
Our models put fair value at 10.25 PLN, about +62% upside versus a price of 6.31 PLN (undervalued). Cautious scenario 8.14 PLN, optimistic scenario 12.36 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Mostostal Zabrze - Holding SA (MSZ)?
Mostostal Zabrze - Holding SA reported trailing-twelve-month revenue of about 1.3B PLN (latest available figure, as of Sep 24, 2026).
Does Mostostal Zabrze - Holding SA pay a dividend?
Mostostal Zabrze - Holding SA currently shows a dividend yield of about 0.23% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Mostostal Zabrze - Holding SA (MSZ)?
For today's price to be fair in a discounted-cash-flow model, Mostostal Zabrze - Holding SA would have to grow free cash flow by -12.3 % per year for five years (discount rate 12.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.7 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of MSZ use?
Our models discount Mostostal Zabrze - Holding SA at 12.1 %: a base by market capitalisation (micro), damped by beta 0.32, 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 Mostostal Zabrze - Holding SA that is -12.3 % per year a year over ten years, using the same discount rate (12.1 %) and the same formula as our fair value.
How much growth has Mostostal Zabrze - Holding SA (MSZ) delivered so far?
Over the past 5 years revenue at Mostostal Zabrze - Holding SA grew +14.7 % a year. The price currently implies -12.3 % 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 Mostostal Zabrze - Holding SA (MSZ) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Mostostal Zabrze - Holding SA (-12.3 % 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 Mostostal Zabrze - Holding SA (MSZ)?
The free-cash-flow yield on the price is 12.55 %: that much free cash flow Mostostal Zabrze - Holding SA produces per unit of market value. When it exceeds the discount rate of our models (12.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Mostostal Zabrze - Holding SA (MSZ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mostostal Zabrze - Holding SA it is 10.25 PLN per share (as of Sep 24, 2026), against a price of 6.31 PLN. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Mostostal Zabrze - Holding SA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, MSZ trades below its calculated fair value: price 6.31 PLN, fair value 10.25 PLN, a gap of about +62% (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 MSZ?
No. The price is what the market pays today (6.31 PLN); the fair value is what the company's own numbers justify (10.25 PLN). For Mostostal Zabrze - Holding SA the two are 3.94 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Mostostal Zabrze - Holding SA worth?
The market values Mostostal Zabrze - Holding SA at about 433M PLN (market capitalisation, as of Sep 24, 2026). Per share that is 6.31 PLN; our models calculate a fair value of 10.25 PLN per share.
What do the bullish and bearish scenarios say about MSZ?
Our models span a range for Mostostal Zabrze - Holding SA: cautious scenario 8.14 PLN, base 10.25 PLN, optimistic 12.36 PLN per share (as of Sep 24, 2026, price 6.31 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MSZ?
Mostostal Zabrze - Holding SA trades at a price-to-earnings ratio of 9.1 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 10.25 PLN is built from several models across several years. Other multiples: P/B 0.3, P/S 0.1.
How solid is the balance sheet of Mostostal Zabrze - Holding SA (MSZ)?
Balance-sheet figures for Mostostal Zabrze - Holding SA (as of Sep 24, 2026): return on equity 8.7%, debt of 0.00 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is MSZ from its 52-week high?
Mostostal Zabrze - Holding SA trades at 6.31 PLN, about 9% below its 52-week high of 6.94 PLN and 12% above the low of 5.64 PLN (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 10.25 PLN is for.
Which stocks are comparable to Mostostal Zabrze - Holding SA?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro Limited, 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 Mostostal Zabrze - Holding SA stock attractive at the current price?
The data as of Sep 24, 2026: price 6.31 PLN, calculated fair value 10.25 PLN (+62%), Quality Score 54/100, from 26 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 MSZ calculated?
We run Mostostal Zabrze - Holding SA through 26 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 10.25 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 13.2 % above its aggregate fair value. Mostostal Zabrze - Holding 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 Mostostal Zabrze - Holding SA (MSZ)?
The closing price on Sep 24, 2026 was 6.31 PLN. Our model-based fair value is 10.25 PLN, about +62% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mostostal Zabrze - Holding SA right now?
The price is below even our cautious bear case (8.14 PLN). The market is more pessimistic than our downside scenario. Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Mostostal Zabrze - Holding SA (MSZ) come from?
Earnings per share at Mostostal Zabrze - Holding SA grew +20.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.7 %, EBIT margin +8.9 %, tax rate +1.1 %, residual (interest, one-offs) +4.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Mostostal Zabrze - Holding SA
How large is the market capitalisation of Mostostal Zabrze - Holding SA (MSZ)?
The market capitalisation of Mostostal Zabrze - Holding SA is 433M PLN (≈ $113M). 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 Mostostal Zabrze - Holding SA (MSZ)?
The price-to-sales ratio of Mostostal Zabrze - Holding SA is 0.28 (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 Mostostal Zabrze - Holding SA (MSZ)?
Earnings per share at Mostostal Zabrze - Holding SA are 0.6900 PLN (price ÷ EPS = P/E 9.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Mostostal Zabrze - Holding SA (MSZ)?
The dividend yield of Mostostal Zabrze - Holding SA is 0.2% (payout 2.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Mostostal Zabrze - Holding SA (MSZ)?
The net margin of Mostostal Zabrze - Holding SA is 3.1% (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 Mostostal Zabrze - Holding SA (MSZ)?
The return on equity (ROE) of Mostostal Zabrze - Holding SA is 8.7% (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 Mostostal Zabrze - Holding SA (MSZ)?
On an EBIT basis the return on assets of Mostostal Zabrze - Holding SA is 8.1% (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 Mostostal Zabrze - Holding SA (MSZ)?
The operating margin of Mostostal Zabrze - Holding SA is 2.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mostostal Zabrze - Holding SA (MSZ)?
Revenue at Mostostal Zabrze - Holding SA is growing +32.2% versus a year earlier (3y avg +1.5%). 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 Mostostal Zabrze - Holding SA (MSZ)?
Earnings per share at Mostostal Zabrze - Holding SA are growing +20.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Mostostal Zabrze - Holding SA (MSZ) hold?
Mostostal Zabrze - Holding SA holds more cash than debt, 124M PLN net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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