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Novaturas AB (NTU) Fair Value & Analysis

Consumer Cyclical · PL · Market cap 37.2M PLN

NA Novaturas AB NTU · WAR
Price5.42 PLN
Fair Value11.43 PLN
Upside+110.9%
Quality50/100
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Weak Growth
Loss-making · -0.7% net margin
Moderate debt · negative free cash flow
Trails peers (3/10)
Narrow moat 12/100
Evidence: Low Range 5.13 PLN – 19.74 PLN Share as image

Fair value as of: Jul 18, 2026

From 3 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from 2.63 PLN to 11.43 PLN (+334.6%) since Jul 17, 2026. Share price −4.6% over the past month.

A solid business, screening 111% undervalued on our models.

What matters now

  • The model range is unusually wide (5.13 PLN to 19.74 PLN). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

52.38 PLN 4.56 PLN Fair Value 11.43 PLN Mar 2018 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 4.56 PLN – 52.38 PLN · fair‑value band 5.13 PLN – 19.74 PLN · the 5.42 PLN price screens below the 11.43 PLN fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Novaturas AB (NTU) currently trades at 5.42 PLN, while our model-based Fair Value estimate is 11.43 PLN, implying the stock looks roughly 110.9% undervalued today. The Quality Score stands at 50/100 (solid quality), in the Consumer Cyclical 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: low), always confirm before acting.

Over the trailing twelve months, Novaturas AB generated revenue of 168M PLN at a net margin of -0.7%. Revenue declined 2.6% year over year. It earns a return on equity of -15.7%. Net debt stands at 11.2M PLN. Fundamentals as of Jul 18, 2026

Our scenario range runs from 5.13 PLN (bear case) to 19.74 PLN (bull case); at 5.42 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 52% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -16% fair-value upside, at 111%, NTU 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 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
Gordon GGM 3.65 PLN 6.11 PLN 7.93 PLN 70
DDM Multi-Stage 3.65 PLN 5.80 PLN 6.57 PLN 61
NCAV (Graham) 0.4400 PLN 0.5900 PLN 0.8900 PLN 50
All 3 models by family
Dividend Discount
Gordon GGM 3.65 PLN 6.11 PLN 7.93 PLN 70
DDM Multi-Stage 3.65 PLN 5.80 PLN 6.57 PLN 61
Asset-Based
NCAV (Graham) 0.4400 PLN 0.5900 PLN 0.8900 PLN 50

Widest divergence: Dividend Discount (5.80 PLN) versus Asset-Based (0.5900 PLN). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) 168M PLN
Revenue growth (YoY) -2.6%
Net margin -0.7%
Return on equity -15.7%
Free cash flow −656K PLN FY2025
Operating margin 0.1%
More key figures
EPS (TTM) -0.6400 PLN
EPS growth (YoY) -99.5%
Net debt 11.2M PLN FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 49 · Market factors (momentum, volatility) 28

Profitability 40
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 33
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 21
Price trend over the last 3–12 months (market factor)
52W Momentum 14
Distance to the 52-week high (market factor)
Net Issuance 83
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

Novaturas AB, together with its subsidiaries, engages in the tour operator and travel agency activities in Lithuania, Latvia, and Estonia. It operates through the Flight Packages, Sightseeing Tours by Plane, Sightseeing Tours by Coach, and Other segments.

Full company description

Novaturas AB, together with its subsidiaries, engages in the tour operator and travel agency activities in Lithuania, Latvia, and Estonia. It operates through the Flight Packages, Sightseeing Tours by Plane, Sightseeing Tours by Coach, and Other segments. The company offers summer and winter holiday packages, as well as sightseeing tours by coach and aircraft to various destinations. It also provides flight tickets and ordering hotels online. The company sells its products to individual clients and tour operators through a retail travel agency network and internal sales channels, as well as an e-commerce platform. Novaturas AB was incorporated in 1999 and is headquartered in Kaunas, Lithuania.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Novaturas AB reported revenue of 168M PLN in FY2025 versus 109M PLN in FY2021, a compound +11.5%/yr. Reported net income was −1.2M PLN in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
168M PLN
Latest YoY
−16.1%
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.
−5.0%
Avg. growth/yr (11Y) 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.
+5.8%
Revenue +11.5%/yr
FY21 109M PLN
FY22 197M PLN
FY23 208M PLN
FY24 201M PLN
FY25 168M PLN
Net income
FY21 909K PLN
FY22 −722K PLN
FY23 3.6M PLN
FY24 −2.5M PLN
FY25 −1.2M PLN

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Cite: Fair Value Calculator (2026). "Novaturas AB Fair Value". https://www.fairvalue-calculator.com/stock/NTU

Peer Group

Travel Services · 90 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 50 · Below median
Fair Value upside +111% · Top 25%
Return on assets -0% · Bottom 25%
Net margin (TTM) -1% · Bottom 25%
Operating margin (TTM) 0% · Below median
Revenue growth -3% · Below median
Debt / equity 1.09× · Higher than 75% of peers

Valuation Multiples vs Travel Services median · lower = cheaper

P/B 1.46× · Cheaper than median
P/S (TTM) 0.06× · 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 100 · sector 19
FUTURE 0 · sector 25
PAST 0 · sector 36
HEALTH 45 · sector 97
DIVIDEND 0 · sector 36

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 Travel Services stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Booking Holdings BKNG $182.80 $152.94 -16%
Airbnb, Inc ABNB $148.62 $57.47 -61%
Royal Caribbean Cruises Ltd RCL $286.96 $215.19 -25%
Viking Holdings VIK $100.69 $43.51 -57%
Carnival Corporation CCL $26.41 $31.36 +19%
Expedia Group EXPE $268.77 $248.63 -7%
Trip.com Group TCOM $42.45 $88.82 +109%
Norwegian Cruise Line Holdings NCLH $19.46 $20.28 +4%
Global Business Travel Group GBTG $9.40 $4.17 -56%
Travel + Leisure Co TNL $73.27 $27.29 -63%

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Frequently asked questions

Is Novaturas AB (NTU) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 11.43 PLN versus a price of 5.42 PLN, about +111% (undervalued).
What is the fair value of NTU?
Our model-based fair value for Novaturas AB is 11.43 PLN (as of Jul 18, 2026), built from audited fundamentals. The current price is 5.42 PLN.
What is the quality score of NTU?
Novaturas AB has a Quality Score of 50/100. 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 Novaturas AB (NTU)?
Novaturas AB reported trailing-twelve-month revenue of about 168M PLN (latest available figure, as of Jul 18, 2026).
What is the net profit margin of NTU?
The net profit margin of Novaturas AB is about -0.7%, meaning it is currently running at a net loss. 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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