Onde SA (OND) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Onde SA PLN 4.55, price PLN 8.67, upside -47.5%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Onde SA for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
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 7.18 PLN – 25.82 PLN · fair‑value band 3.37 PLN – 4.84 PLN · the 8.67 PLN price screens above the 4.55 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Follow Onde in your weekly email
Every Wednesday you see whether Onde is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Onde S.A. engages in the designing and construction solutions for the wind and photovoltaic farms in Poland. The company offers designing, engineering, and road construction; and operation and maintenance services. Onde S.A. was founded in 1998 and is headquartered in Torun, Poland.
Stock analysis
Onde SA (OND) currently trades at 8.67 PLN, while our model-based Fair Value estimate is 4.55 PLN, implying the stock looks roughly 90.5% overvalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of 7.72 PLN per share, and 3 of the 17 models we run sit above the 8.67 PLN price.
Bear case: the Earnings-Based group reads lowest at 1.97 PLN, and 14 of the 17 models stay below the price. Evidence for this calculation is high.
Scenario range: 3.37 PLN (bear) to 4.84 PLN (bull), the price of 8.67 PLN sits above 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.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Onde SA reported revenue of 864M PLN in FY2025 versus 1.2B PLN in FY2021, a compound −8.2%/yr. Reported net income was 18.9M PLN in FY2025, compounding −20.0%/yr from FY2021.
Key figures
Market cap 473M PLN (≈ $123M) · P/E ratio 23.4 · P/S ratio 0.51 · EPS (TTM) 0.3700 PLN · Dividend yield 3.6% · Net margin 2.2% · Return on equity 5.7% · Return on assets (EBIT) 6.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 11% below its 52-week high and 10% 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 −48%, OND screens richer than that median.
Fair Value models
Bear 3.37 PLNFair Value 4.55 PLNBull 4.84 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 (0.0441 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.43/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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. Basis: EBIT basis.
+3.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.4%
Dividend (yield on the price)3.6%
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.7% → 5%
Price, fair value, quality and upside side by side.
Free, no sign-up
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 · 840 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside−48% · Below median
Profitability
Return on equity (TTM)6% · Below median
Return on assets3% · Above median
Net margin (TTM)2% · Below median
Operating margin (TTM)−5% · Bottom 25%
Growth and dividend
Revenue growth−37% · Bottom 25%
Dividend yield (TTM)3.6% · Above median
Balance sheet
Debt / equity0.15× · Above median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (TTM)23.4× · Pricier than median
P/B0.34× · Cheapest 25%
P/S (TTM)0.15× · Cheapest 25%
EV/EBITDA1.2× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 29
FUTURE (revenue growth)0· sector 11
PAST (return on equity)23· sector 29
HEALTH (low debt)93· sector 94
DIVIDEND (yield)72· sector 40
VALUE 0: the price sits above our fair-value range.
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). "Onde SA Fair Value". https://www.fairvalue-calculator.com/stock/OND
Frequently asked questions
Is Onde SA (OND) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 4.55 PLN versus a price of 8.67 PLN, about −48% upside (overvalued).
What is the fair value of OND?
Our model-based fair value for Onde SA is 4.55 PLN (as of Sep 24, 2026), built from audited fundamentals. The current price: 8.67 PLN.
What is the quality score of OND?
Onde 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 Onde SA (OND)?
Our model-based price target is the fair value of 4.55 PLN (as of Sep 24, 2026) from 17 valuation models. Cautious scenario 3.37 PLN, optimistic scenario 4.84 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Onde SA stock forecast for 2026?
Our models put fair value at 4.55 PLN, about −48% upside versus a price of 8.67 PLN (overvalued). Cautious scenario 3.37 PLN, optimistic scenario 4.84 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Onde SA (OND)?
Onde SA reported trailing-twelve-month revenue of about 807M PLN (latest available figure, as of Sep 24, 2026).
Does Onde SA pay a dividend?
Onde SA currently shows a dividend yield of about 3.58% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Onde SA (OND)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Onde SA it is 4.55 PLN per share (as of Sep 24, 2026), against a price of 8.67 PLN. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Onde SA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, OND trades above its calculated fair value: price 8.67 PLN, fair value 4.55 PLN, a gap of about −48% (overvalued). 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 OND?
No. The price is what the market pays today (8.67 PLN); the fair value is what the company's own numbers justify (4.55 PLN). For Onde SA the two are 4.12 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Onde SA worth?
The market values Onde SA at about 473M PLN (market capitalisation, as of Sep 24, 2026). Per share that is 8.67 PLN; our models calculate a fair value of 4.55 PLN per share.
What do the bullish and bearish scenarios say about OND?
Our models span a range for Onde SA: cautious scenario 3.37 PLN, base 4.55 PLN, optimistic 4.84 PLN per share (as of Sep 24, 2026, price 8.67 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of OND?
Onde SA trades at a price-to-earnings ratio of 23.4 (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 4.55 PLN is built from several models across several years. Other multiples: P/B 0.3, P/S 0.2, EV/EBITDA 1.2.
How solid is the balance sheet of Onde SA (OND)?
Balance-sheet figures for Onde SA (as of Sep 24, 2026): return on equity 5.7%, debt of 0.15 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is OND from its 52-week high?
Onde SA trades at 8.67 PLN, about 11% below its 52-week high of 9.79 PLN and 10% above the low of 7.88 PLN (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 4.55 PLN is for.
Which stocks are comparable to Onde 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 Onde SA stock attractive at the current price?
The data as of Sep 24, 2026: price 8.67 PLN, calculated fair value 4.55 PLN (−48%), Quality Score 54/100, from 17 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 OND calculated?
We run Onde SA through 17 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 4.55 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 14.0 % above its aggregate fair value. Onde SA itself currently trades above fair value. 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 Onde SA (OND)?
The closing price on Sep 24, 2026 was 8.67 PLN. Our model-based fair value is 4.55 PLN, about −48% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Onde SA right now?
The price sits above even our optimistic bull case (4.84 PLN). The favourable scenario is already priced in. Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Onde SA
How large is the market capitalisation of Onde SA (OND)?
The market capitalisation of Onde SA is 473M PLN (≈ $123M). 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 Onde SA (OND)?
The price-to-sales ratio of Onde SA is 0.51 (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 Onde SA (OND)?
Earnings per share at Onde SA are 0.3700 PLN (price ÷ EPS = P/E 23.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Onde SA (OND)?
The dividend yield of Onde SA is 3.6% (payout 83.8%). 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 Onde SA (OND)?
The net margin of Onde SA is 2.2% (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 Onde SA (OND)?
The return on equity (ROE) of Onde SA is 5.7% (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 Onde SA (OND)?
On an EBIT basis the return on assets of Onde SA is 6.7% (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 Onde SA (OND)?
The operating margin of Onde SA is −4.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Onde SA (OND)?
Revenue at Onde SA is growing −36.5% versus a year earlier (3y avg −7.5%). 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 Onde SA (OND)?
Earnings per share at Onde SA are growing −89.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Onde SA (OND) generate?
The free cash flow of Onde SA is −15.2M 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 debt does Onde SA (OND) carry?
The net debt of Onde SA is 16.5M PLN (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Onde SA in the live analysis
One click puts Onde SA on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
