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Poznanska Korporacja Budowlana Pekabex SA (PBX) Fair Value & Analysis

Industrials · PL · Market cap 250M PLN (≈ $66.7M) · ISIN PLPKBEX00072

PK Poznanska Korporacja Budowlana Pekabex SA PBX · WAR
Price8.62 PLN
Fair Value2.08 PLN
Upside-75.9%
Quality38/100
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Risks

!Trades 314% ABOVE our fair value of 2.08 PLN
!Expensive Growth (revenue 5y +15.1 %/yr)
!Loss-making · -4.0% net margin
!Low debt · negative free cash flow
Expensive Growth (revenue 5y +15.1 %/yr)
Loss-making · -4.0% net margin
Low debt · negative free cash flow
Trails peers (2/11)
Narrow moat 11/100
Evidence: Low Range 1.22 PLN – 2.73 PLN Share as image

Fair value as of: Aug 13, 2026

From 3 valuation models · updated 17 days ago

Fair value updated Aug 13, 2026, revised from 2.38 PLN to 2.08 PLN (−12.6%) since Jul 16, 2026. Share price −3.9% over the past month.

Below-average quality, and trading another 314% above 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 sits above even our optimistic bull case (2.73 PLN). The favourable scenario is already priced in.
  • Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (1.22 PLN to 2.73 PLN) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

26.31 PLN 8.50 PLN Fair Value 2.08 PLN May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 8.50 PLN – 26.31 PLN · fair‑value band 1.22 PLN – 2.73 PLN · the 8.62 PLN price screens above the 2.08 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Poznanska Korporacja Budowlana Pekabex SA (PBX) currently trades at 8.62 PLN, while our model-based Fair Value estimate is 2.08 PLN, implying the stock looks roughly 75.9% overvalued today. The Quality Score stands at 38/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Poznanska Korporacja Budowlana Pekabex SA generated revenue of 1.9B PLN at a net margin of -4.0%. Revenue grew 0.1% year over year. It earns a return on equity of -15.6%. Net debt stands at 217M PLN. Fundamentals as of Aug 13, 2026

Our scenario range runs from 1.22 PLN (bear case) to 2.73 PLN (bull case); at 8.62 PLN, the current price sits above 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 54% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -46% fair-value upside, at -76%, PBX screens richer 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 1.18 PLN 1.98 PLN 2.57 PLN 68
DDM Multi-Stage 1.18 PLN 1.88 PLN 2.13 PLN 67
NCAV (Graham) 9.17 PLN 12.29 PLN 18.35 PLN 54
All 3 models by family
Dividend Discount
Gordon GGM 1.18 PLN 1.98 PLN 2.57 PLN 68
DDM Multi-Stage 1.18 PLN 1.88 PLN 2.13 PLN 67
Asset-Based
NCAV (Graham) 9.17 PLN 12.29 PLN 18.35 PLN 54

Widest divergence: Asset-Based (12.29 PLN) versus Dividend Discount (1.88 PLN). Highest evidence: Gordon GGM (68).

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Key figures & financial health

P/S ratio 0.13 TTM
EPS (TTM) -3.08 PLN
Net margin -3.3% FY2025
Return on equity -15.6% TTM
Return on assets (EBIT) 3.7% avg 5y
Operating margin -2.7% TTM
More key figures
Growth
Revenue (TTM) 1.9B PLN TTM
Revenue growth (YoY) +0.1% 3y avg +4.7%
EPS growth (YoY) -90.1%
Balance sheet & cash flow
Free cash flow −93.6M PLN FY2025
Net debt 217M PLN FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 38/100

Of which business quality 38 · Market factors (momentum, volatility) 30

Profitability 20
Margins and returns on capital today
Quality Growth 19
Are margins and returns improving?
Cashflow 12
Earnings quality: real cash, not paper profit
Fin. Strength 37
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 15
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 82
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

Pekabex S.A., a construction company, engages in the production and sale of prefabricated reinforced and pre-stressed concrete elements in Poland, Sweden, Denmark, Germany, Switzerland, Hungary, the Netherlands and internationally.

Full company description

Pekabex S.A., a construction company, engages in the production and sale of prefabricated reinforced and pre-stressed concrete elements in Poland, Sweden, Denmark, Germany, Switzerland, Hungary, the Netherlands and internationally. It offers foundations, poles, floor and roof beams, slabs, stadiums, walls, and engineering prefabricated elements; and other elements, such as bridge abutments, prefabricated shells, tanks, fountain basins, and stairs. The company also executes special orders for individual designs; and provides consulting, designing, transportation, and assembly services. Its products are used in construction of industrial, retail, office, cultural and sports facilities, halls, residential buildings, bridges, commercial facilities, stations, parking lots and other large-scale structures. The company was founded in 1972 and is headquartered in Poznan, Poland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Poznanska Korporacja Budowlana Pekabex SA reported revenue of 1.9B PLN in FY2025 versus 1.5B PLN in FY2021, a compound +6.3%/yr. Reported net income was −63.2M PLN in FY2025.

Growth Quality 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.9B PLN
Latest YoY
+11.3%
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.
+4.7%
Avg. revenue growth/yr (5Y) 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.
+15.1%
Avg. revenue growth/yr (13Y) 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.
+18.2%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +6.3%/yr
FY21 1.5B PLN
FY22 1.7B PLN
FY23 1.6B PLN
FY24 1.7B PLN
FY25 1.9B PLN
Net income
FY21 40.3M PLN
FY22 66.1M PLN
FY23 69.1M PLN
FY24 37.1M PLN
FY25 −63.2M PLN
Character of growth · EPS growth decomposed (2014-2025) +7.5 % p.a.
Revenue per share +16.1 %

of which total revenue +18.3 % · buybacks/dilution −1.8 %

EBIT margin −4.6 %
Tax rate +0.3 %
Residual (interest, one-offs) −3.3 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

PBX screens 314% overvalued. Compare with Quanta Services, Inc →

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Cite: Fair Value Calculator (2026). "Poznanska Korporacja Budowlana Pekabex SA Fair Value". https://www.fairvalue-calculator.com/stock/PBX

Peer Group

Engineering & Construction · 839 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 38 · Bottom 25%
Fair Value upside −76% · Bottom 25%
Return on assets -4% · Bottom 25%
Net margin (TTM) -4% · Bottom 25%
Operating margin (TTM) -3% · Bottom 25%
Revenue growth 0% · Below median
Dividend yield (TTM) 1.9% · Below median
Debt / equity 0.25× · Higher than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/B 0.15× · Cheaper than 75% of peers
P/S (TTM) 0.04× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 16
FUTURE1 · sector 13
PAST0 · sector 26
HEALTH88 · sector 94
DIVIDEND37 · sector 39

VALUE 0: the price sits above our fair-value range.

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 Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Quanta Services, Inc PWR $616.73 $143.92 -77%
Vinci SA DG €114.35 €185.62 +62%
Comfort Systems USA, Inc FIX $1,615 $519.97 -68%
Larsen & Toubro Limited LT ₹4,072 ₹2,196 -46%
Ferrovial N.V FER €57.28 €19.17 -67%
HOCHTIEF Aktiengesellschaft HOT €426.40 €203.87 -52%
Samsung C&T Corporation 028260 357,500 KRW 261,411 KRW -27%
EMCOR Group EME $775.04 $549.47 -29%
MasTec, Inc MTZ $248.73 $100.00 -60%
Bouygues SA EN €46.65 €65.67 +41%

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Frequently asked questions

Is Poznanska Korporacja Budowlana Pekabex SA (PBX) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 2.08 PLN versus a price of 8.62 PLN, about −76% (overvalued).
What is the fair value of PBX?
Our model-based fair value for Poznanska Korporacja Budowlana Pekabex SA is 2.08 PLN (as of Aug 13, 2026), built from audited fundamentals. The current price: 8.62 PLN.
What is the quality score of PBX?
Poznanska Korporacja Budowlana Pekabex SA has a Quality Score of 38/100. 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 Poznanska Korporacja Budowlana Pekabex SA (PBX)?
Poznanska Korporacja Budowlana Pekabex SA reported trailing-twelve-month revenue of about 1.9B PLN (latest available figure, as of Aug 13, 2026).
What is the net profit margin of PBX?
The net profit margin of Poznanska Korporacja Budowlana Pekabex SA is about -4.0%, 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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