Onde SA (OND) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Onde SA stock PLN 4.57, price PLN 7.93, that is 42.4% below the price, quality 54 out of 100. Rating: strongly overvalued. Calculated from audited financials with 17 of our 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. As of Nov 8, 2026.
How to read this chart
60‑month range 7.18 PLN – 25.38 PLN · fair‑value band 3.39 PLN – 4.90 PLN · the 7.93 PLN price screens above the 4.57 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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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 7.93 PLN, while our model-based Fair Value estimate is 4.57 PLN, 42% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 10.31 PLN per share, and 4 of the 17 models we run sit above the 7.93 PLN price.
Bear case: the Asset-Based group reads lowest at 2.37 PLN, and 13 of the 17 models stay below the price. Data coverage for this calculation is high.
Scenario range: 3.39 PLN (bear) to 4.90 PLN (bull), the price of 7.93 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 432M PLN (≈ $110M) Micro · P/E ratio 46.6 · P/S ratio 0.55 · EPS (TTM) 0.1700 PLN · Dividend yield 3.9% · Net margin 1.2% · Return on equity 2.7% · Return on assets (EBIT) 6.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 29 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at −42%, OND screens richer than that median.
Fair Value models
Bear3.39 PLNFair Value 4.57 PLNBull4.90 PLN
Price 7.93 PLN · Downside -42.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.
+3.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.4%
Dividend (yield on the price)3.9%
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.
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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 · 791 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside−41.6% · Below median
Profitability
Return on equity (12 months)2.7% · Below median
Return on assets2.6% · Below median
Net margin (12 months)1.2% · Below median
Operating margin (12 months)1.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)−11.3% · Below median
Dividend yield (12 months)3.9% · Top 25%
Balance sheet
Debt / equity0.15× · Above median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (12 months)46.6× · Priciest 25%
P/B1.19× · Cheaper than median
P/S (12 months)0.55× · Cheaper than median
EV/EBITDA11.4× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 34
FUTURE (revenue growth)0· sector 20
PAST (return on equity)11· sector 28
HEALTH (low debt)93· sector 94
DIVIDEND (yield)79· sector 44
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 Nov 8, 2026, our model estimates a fair value of 4.57 PLN versus a price of 7.93 PLN, about 42% lower (overvalued).
What is the fair value of OND?
Our model-based fair value for Onde SA is 4.57 PLN (as of Nov 8, 2026), built from audited fundamentals. The current price: 7.93 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 4.57 PLN (as of Nov 8, 2026) from 17 valuation models. Cautious scenario 3.39 PLN, optimistic scenario 4.90 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 4.57 PLN, about 42% lower versus a price of 7.93 PLN (overvalued). Cautious scenario 3.39 PLN, optimistic scenario 4.90 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 783M PLN (latest available figure, as of Nov 8, 2026).
Does Onde SA pay a dividend?
Onde SA currently shows a dividend yield of 3.91% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Onde SA (OND) and when is the ex-dividend date?
Onde SA pays a dividend of 0.31 PLN per share a year, a dividend yield of 3.9%. The last ex-dividend date was May 18, 2026. The payout ratio is 182% of earnings. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
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 4.57 PLN per share (as of Nov 8, 2026), against a price of 7.93 PLN. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Onde SA stock overvalued or undervalued in 2026?
As of Nov 8, 2026, OND trades above its calculated fair value: price 7.93 PLN, fair value 4.57 PLN, a gap of about −42% (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 (7.93 PLN); the fair value is what the company's own numbers justify (4.57 PLN). For Onde SA the two are 3.36 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 432M PLN (market capitalisation, as of Nov 8, 2026). Per share that is 7.93 PLN; our models calculate a fair value of 4.57 PLN per share.
What do the bullish and bearish scenarios say about OND?
Our models span a range for Onde SA: cautious scenario 3.39 PLN, base 4.57 PLN, optimistic 4.90 PLN per share (as of Nov 8, 2026, price 7.93 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 46.6 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 4.57 PLN is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings: 25.2. Other multiples: P/B 1.2, P/S 0.5, EV/EBITDA 11.4.
How solid is the balance sheet of Onde SA (OND)?
Balance-sheet figures for Onde SA (as of Nov 8, 2026): return on equity 2.7%, 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 7.93 PLN, about 19% below its 52-week high of 9.79 PLN and 1% above the low of 7.83 PLN (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 4.57 PLN is for.
Which stocks are comparable to Onde SA?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, Inc, 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 Nov 8, 2026: price 7.93 PLN, calculated fair value 4.57 PLN (−42%), 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 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 4.57 PLN builds on their evidence-weighted average, 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 13.3% 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 Nov 9, 2026 was 7.93 PLN. Our model-based fair value is 4.57 PLN, about 42% lower (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 (4.90 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 432M PLN (≈ $110M). 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 0.55 (last twelve months). 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 0.1700 PLN (price ÷ EPS = P/E 46.6). 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 3.9% (payout 182%). 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 1.2% (last twelve months). 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 2.7% (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 1.0% (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 −11.3% 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.
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Broad data
Nov 8, 2026