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NWAI Dom Maklerski S.A (NWA) Fair Value & Analysis

Financial Services · PL · Market cap 54.0M PLN

ND NWAI Dom Maklerski S.A NWA · WAR
Price30.60 PLN
Fair Value61.20 PLN
Upside+100.0%
Quality48/100
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Strengths

Trades 50% below our fair value of 61.20 PLN
Low debt · generates free cash flow
Ranks above peers (8/12)

Risks

!Weak Growth (revenue 3y −12.6 %/yr)
!Thin margins · 0.0% net margin
!Moderate moat 47/100
Weak Growth (revenue 3y −12.6 %/yr)
Thin margins · 0.0% net margin
Low debt · generates free cash flow
9.93% dividend yield
Ranks above peers (8/12)
Moderate moat 47/100
Evidence: High Range 45.90 PLN – 76.51 PLN Share as image

Fair value as of: Aug 26, 2026

From 9 valuation models · updated yesterday

Share price −7.3% over the past month.

Below-average quality, trading 50% below our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price is below even our cautious bear case (45.90 PLN). The market is more pessimistic than our downside scenario.
  • Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

34.00 PLN 5.98 PLN Fair Value 61.20 PLN Jan 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 26, 2026.

How to read this chart

60‑month range 5.98 PLN – 34.00 PLN · fair‑value band 45.90 PLN – 76.51 PLN · the 30.60 PLN price screens below the 61.20 PLN fair value. Dashed = 300-day average. As of Aug 26, 2026.

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Analysis

NWAI Dom Maklerski S.A (NWA) currently trades at 30.60 PLN, while our model-based Fair Value estimate is 61.20 PLN, implying the stock looks roughly 100.0% undervalued today. The Quality Score stands at 48/100 (below-average quality), in the Financial Services 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: high), always confirm before acting.

The stock trades on a trailing P/E of 7.5 (as of Aug 26, 2026). Fundamentals as of Aug 26, 2026

Our scenario range runs from 45.90 PLN (bear case) to 76.51 PLN (bull case); at 30.60 PLN, the current price sits below 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 6% below its 52-week high and 55% above its 52-week low. For context, the median of 10 Financial Services peers we cover trades at -36% fair-value upside, at 100%, NWA 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
Growth DCF 100.61 PLN 117.85 PLN 143.53 PLN 80
Residual Income 25.69 PLN 35.51 PLN 171.46 PLN 76
P/E Multiple 48.13 PLN 64.17 PLN 80.22 PLN 63
All 9 models by family
DCF Models
Owner Earnings 59.54 PLN 67.71 PLN 80.85 PLN 31
5Y P/E Exit 83.36 PLN 101.35 PLN 123.04 PLN 38
10Y P/E Exit 90.41 PLN 102.06 PLN 112.65 PLN 35
Earnings-Based
Graham-Dodd 33.57 PLN 41.03 PLN 46.16 PLN 54
Multiples
P/E Multiple 48.13 PLN 64.17 PLN 80.22 PLN 63
P/B Multiple 17.33 PLN 23.10 PLN 28.88 PLN 55
Asset-Based
NCAV (Graham) 8.25 PLN 11.06 PLN 16.50 PLN 50
Growth DCF
Growth DCF 100.61 PLN 117.85 PLN 143.53 PLN 80
Economic Profit
Residual Income 25.69 PLN 35.51 PLN 171.46 PLN 76

Widest divergence: Growth DCF (117.85 PLN) versus Asset-Based (11.06 PLN). Highest evidence: Growth DCF (80).

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Key figures & financial health

P/E ratio 7.5 as of Aug 26, 2026
Dividend yield 9.9% payout 75.0%
EPS (TTM) 4.05 PLN
Free cash flow 17.5M PLN FY2025

Figures from reported company fundamentals · as of Aug 26, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 63 · Market factors (momentum, volatility) 71

Profitability 50
Margins and returns on capital today
Quality Growth 17
Are margins and returns improving?
Cashflow 98
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 17
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 70
Price trend over the last 3–12 months (market factor)
52W Momentum 63
Distance to the 52-week high (market factor)
Net Issuance 59
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

NWAI Dom Maklerski S.A. provides brokerage services in Poland. The company offers bonds, mezzanine, shares, venture capital, and certificate issuance programs; and provides ship brokerage, purchase financing, and valuation services.

Full company description

NWAI Dom Maklerski S.A. provides brokerage services in Poland. The company offers bonds, mezzanine, shares, venture capital, and certificate issuance programs; and provides ship brokerage, purchase financing, and valuation services. It also engages in financing structuring and restructuring, as well as debt and equity instruments financing; provision of paper animation securities, underwriting, and securities and investment strategies; intermediation trading in financial instruments; and issue agent and sponsor, payment agent, and other services, as well as depositary functions for closed-end investment funds. The company was founded in 2008 and is headquartered in Warsaw, Poland. NWAI Dom Maklerski S.A. operates as a subsidiary of New World Holding SA.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

NWAI Dom Maklerski S.A reported revenue of 15.3M PLN in FY2025 versus 22.9M PLN in FY2022, a compound −12.6%/yr. Reported net income was 8.8M PLN in FY2025, compounding +28.9%/yr from FY2022.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
15.3M PLN
Latest YoY
−48.6%
Avg. revenue 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.
−12.6%
Value creation/yr (3Y) Earnings growth per share (CAGR 3 years) plus dividend yield: value created per share and year.
+17.9% (8.0 + 9.9)
Revenue −12.6%/yr
FY22 22.9M PLN
FY23 31.7M PLN
FY24 29.7M PLN
FY25 15.3M PLN
Net income +28.9%/yr
FY22 4.1M PLN
FY23 9.1M PLN
FY24 5.2M PLN
FY25 8.8M PLN

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

Peer Group

Capital Markets · 457 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 56 · Above median
Fair Value upside +100% · Top 25%
Return on equity (TTM) 27% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) 0% · Bottom 25%
Operating margin (TTM) -72% · Bottom 25%
Revenue growth -33% · Bottom 25%
Dividend yield (TTM) 9.8% · Top 25%

Valuation Multiples vs Capital Markets median · lower = cheaper

P/E (TTM) 7.5× · Cheaper than 75% of peers
P/B 0.50× · Cheaper than 75% of peers
P/FCF 0.8× · Cheaper than median

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 11
FUTURE0 · sector 85
PAST100 · sector 30
HEALTH100 · sector 94
DIVIDEND100 · sector 37

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

Similar stocks

10 more Capital Markets stocks, each showing price versus our Fair Value estimate (as of Aug 26, 2026).

Stock Price Fair Value vs Fair Value
Morgan Stanley, a financial holding company, MS $214.23 $138.97 -35%
The Goldman Sachs Group GS $1,037 $756.89 -27%
The Charles Schwab Corporation SCHW $109.34 $66.17 -39%
Robinhood Markets, Inc HOOD $94.91 $30.94 -67%
Macquarie Group MQG A$260.08 A$75.58 -71%
CITIC Securities Company 600030 ¥27.70 ¥17.68 -36%
Guotai Haitong Securities Co 601211 ¥18.02 ¥18.62 +3%
East Money Information Co 300059 ¥19.83 ¥4.77 -76%
CSC Financial Co 601066 ¥25.70 ¥14.17 -45%
Huatai Securities Co 601688 ¥19.39 ¥19.26 -1%

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Frequently asked questions

Is NWAI Dom Maklerski S.A (NWA) overvalued or undervalued?
As of Aug 26, 2026, our model estimates a fair value of 61.20 PLN versus a price of 30.60 PLN, about +100% (undervalued).
What is the fair value of NWA?
Our model-based fair value for NWAI Dom Maklerski S.A is 61.20 PLN (as of Aug 26, 2026), built from audited fundamentals. The current price: 30.60 PLN.
What is the quality score of NWA?
NWAI Dom Maklerski S.A has a Quality Score of 48/100. 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 net profit margin of NWA?
The net profit margin of NWAI Dom Maklerski S.A is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
Does NWAI Dom Maklerski S.A pay a dividend?
NWAI Dom Maklerski S.A currently shows a dividend yield of about 9.93% relative to its recent price (as of Aug 26, 2026).

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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