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Polski Holding (PHN) Fair Value & Analysis

Real Estate · PL · Market cap 481M PLN

PH Polski Holding PHN · WAR
Price9.34 PLN
Fair Value7.07 PLN
Upside-24.3%
Quality91/100
Evidence: High Range 3.00 PLN – 17.90 PLN

Fair value as of: Jun 26, 2026

From 15 valuation models · updated 3 days ago

Share price −2.7% over the past month.

Price vs Fair Value (12 months)

10.51 PLN 9.34 PLN Fair Value 7.07 PLN Jun 2025 Jun 2026

12‑month range 9.34 PLN – 10.51 PLN · fair‑value band 3.00 PLN – 17.90 PLN · the 9.34 PLN price screens above the 7.07 PLN fair value. As of Jun 26, 2026.

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Analysis

Polski Holding (PHN) currently trades at 9.34 PLN, while our model-based Fair Value estimate is 7.07 PLN — implying the stock looks roughly 24.3% overvalued today. We read business quality at 91/100 (high quality), in the Real Estate 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: high).

Over the trailing twelve months, Polski Holding generated revenue of 963M PLN at a net margin of 11.3%. Revenue declined 28.2% year over year. It earns a return on equity of 4.9%. Net debt stands at 1.9B PLN. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 963M PLN
Revenue growth (YoY) -28.2%
Net margin 11.3%
Return on equity 4.9%
Free cash flow 48.9M PLN FY2024
P/E ratio 4.4
More key figures
Operating margin 16.3%
EPS (TTM) 2.12 PLN
EPS growth (YoY) -91.7%
Net debt 1.9B PLN FY2024

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Polski Holding Nieruchomosci S.A. operates in real estate industry in Poland. The company engages in the rental and management of real estate and implementation of new commercial investments; implementation of new housing investments; and sale of apartments. It is also involved in rental of existing facilities and implementation of new logistics investments; general contracting activities; and owner or co-owner of hotel facilities and lease of existing facilities. In addition, the company provides real estate leasing and management, and hotel and other services; services in the field of general contracting and implementation of fit-out works; and construction and sale of residential premises. The company was formerly known as Grupa PHN S.A. and changed its name to Polski Holding Nieruchomosci S.A. in April 2012. The company was founded in 2011 and is based in Warsaw, Poland.

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Polski Holding reported revenue of 816M PLN in FY2024 versus 744M PLN in FY2020, a compound +2.3%/yr. Reported net income was −183M PLN in FY2024.

Revenue +2.3%/yr
FY20 744M PLN
FY21 481M PLN
FY22 627M PLN
FY23 571M PLN
FY24 816M PLN
Net income
FY20 72.0M PLN
FY21 78.7M PLN
FY22 30.8M PLN
FY23 −162M PLN
FY24 −183M PLN

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Frequently asked questions

Is Polski Holding (PHN) undervalued?
As of Jun 26, 2026, our model estimates a fair value of 7.07 PLN versus a price of 9.34 PLN — about −24% (overvalued). Model-based estimate, not financial advice.
What is the fair value of PHN?
Our 21-model fair value for Polski Holding is 7.07 PLN (as of Jun 26, 2026), built from audited fundamentals. The current price is 9.34 PLN.
What is the quality score of PHN?
Polski Holding has a Quality Score of 91/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Polski Holding (PHN)?
Polski Holding reported trailing-twelve-month revenue of about 963M PLN (latest available figure, as of Jun 26, 2026).
What is the net profit margin of PHN?
The net profit margin of Polski Holding is about 11.3%, meaning it keeps roughly 11.3% 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.