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Newag S.A (NWG) Fair Value & Analysis

Industrials · PL · Market cap 4.5B PLN

NS Newag S.A NWG · WAR
Price92.00 PLN
Fair Value156.50 PLN
Upside+70.1%
Quality95/100
Evidence: High Range 118.08 PLN – 288.03 PLN

Fair value as of: Jun 24, 2026

From 26 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from 221.56 PLN to 156.50 PLN (−29.4%) since Jun 23, 2026. Share price −18.5% over the past month.

Price vs Fair Value (12 months)

130.12 PLN 70.04 PLN Fair Value 156.50 PLN Jun 2025 Jun 2026

12‑month range 70.04 PLN – 130.12 PLN · fair‑value band 118.08 PLN – 288.03 PLN · the 92.00 PLN price screens below the 156.50 PLN fair value. As of Jun 24, 2026.

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Analysis

Newag S.A (NWG) currently trades at 92.00 PLN, while our model-based Fair Value estimate is 156.50 PLN — implying the stock looks roughly 70.1% undervalued today. We read business quality at 95/100 (high quality), in the Industrials 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.

Over the trailing twelve months, Newag S.A generated revenue of 2.4B PLN at a net margin of 14.9%. Revenue grew 12.7% year over year. It earns a return on equity of 33.9%. The balance sheet holds a net cash position of 127M PLN. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 2.4B PLN
Revenue growth (YoY) +12.7%
Net margin 14.9%
Return on equity 33.9%
Free cash flow 427M PLN FY2025
P/E ratio 12.5
More key figures
Operating margin 16.8%
EPS (TTM) 8.04 PLN
EPS growth (YoY) +10.3%
Net cash 127M PLN FY2024

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Newag S.A. engages in the production and sale of railway locomotives and rolling stocks in Poland. The company offers electric and diesel multiple units, electric and diesel locomotives, and dual-drive multiple units; and electric, diesel, and dual-drive traction units. It is also involved in the real estate rental and management activities; leasing of rolling stock and controlling; financing activities; repair and maintenance of machinery and other transport equipment; mechanical processing of metal elements; and provision of rolling stock and control systems repair and modernization services. The company was founded in 1876 and is based in Nowy Sacz, Poland.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Newag S.A reported revenue of 2.4B PLN in FY2025 versus 918M PLN in FY2021, a compound +27.0%/yr. Reported net income was 356M PLN in FY2025, compounding +49.3%/yr from FY2021.

Revenue +27.0%/yr
FY21 918M PLN
FY22 964M PLN
FY23 1.2B PLN
FY24 1.6B PLN
FY25 2.4B PLN
Net income +49.3%/yr
FY21 71.7M PLN
FY22 22.8M PLN
FY23 95.2M PLN
FY24 122M PLN
FY25 356M PLN

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Similar stocks

6 more Railroads stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
Union Pacific Corporation UNP 4,617 MXN 2,048 MXN -56%
CSX Corporation CSX $46.41 $9.49 -80%
Canadian Pacific Kansas City Limited CP $90.15 $21.86 -76%
Canadian National Railway Company CNI $114.13 $92.95 -19%
Norfolk Southern Corporation NSC $313.45 $81.84 -74%
Westinghouse Air Brake Technologies Corporation WAB $276.75 $144.80 -48%

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Frequently asked questions

Is Newag S.A (NWG) undervalued?
As of Jun 24, 2026, our model estimates a fair value of 156.50 PLN versus a price of 92.00 PLN — about +70% (undervalued). Model-based estimate, not financial advice.
What is the fair value of NWG?
Our 21-model fair value for Newag S.A is 156.50 PLN (as of Jun 24, 2026), built from audited fundamentals. The current price is 92.00 PLN.
What is the quality score of NWG?
Newag S.A has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Newag S.A (NWG)?
Newag S.A reported trailing-twelve-month revenue of about 2.4B PLN (latest available figure, as of Jun 24, 2026).
What is the net profit margin of NWG?
The net profit margin of Newag S.A is about 14.9%, meaning it keeps roughly 14.9% 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.