B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" (PORF) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" €10.41, price €14.00, upside -25.6%, quality 31 out of 100. Calculated from audited financials with 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, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range €8.11 – €14.20 · fair‑value band €7.70 – €12.83 · the €14.00 price screens above the €10.41 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.
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B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 designs, produces and sells Delft Blue decorative pottery and modern pottery products in the Netherlands. It also operates a real estate portfolio business. B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 was founded in 1653 and is headquartered in Delft, the Netherlands.
Stock analysis
B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" (PORF) currently trades at €14.00, while our model-based Fair Value estimate is €10.41, implying the stock looks roughly 34.5% overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of €11.73 per share, and 0 of the 12 models we run sit above the €14.00 price.
Bear case: the DCF Models group reads lowest at €1.77, and 12 of the 12 models stay below the price. Evidence for this calculation is high.
Scenario range: €7.70 (bear) to €12.83 (bull), the price of €14.00 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 31/100 (below-average quality), in the Consumer Defensive sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" reported revenue of €9.5M in FY2025 versus €4.9M in FY2021, a compound +17.9%/yr. Reported net income was €626K in FY2025, compounding +4.0%/yr from FY2021.
Key figures
Market cap €15.2M · P/E ratio 24.6 · P/S ratio 1.61 · EPS (TTM) €0.5700 · Dividend yield 3.9% · Net margin 6.6% · Return on equity 2.3% · Return on assets (EBIT) 1.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 1% below its 52-week high and 29% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −14% fair-value upside, at −26%, PORF screens richer than that median.
Fair Value models
Bear €7.70Fair Value €10.41Bull €12.83
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 (€0.0147 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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+9.4%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+10.3%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+19.5%
Start year 2020 (pandemic). Over 10 years: −8.6% a year
Revenue growth 18 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+5.2%
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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.
≈ −7.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−11.5%
Dividend (yield on the price)3.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−3% vs 11%, slowing
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.5% → 5%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 11.8%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Rate on operating basis: 2025 sits 69% above its own trend.
Compare B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" with another stock
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.Household & Personal Products · 251 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score31 · Bottom 25%
Fair Value upside−26% · Below median
Profitability
Return on equity (TTM)2% · Below median
Return on assets2% · Below median
Net margin (TTM)4% · Below median
Operating margin (TTM)16% · Top 25%
Growth and dividend
Revenue growth20% · Top 25%
Dividend yield (TTM)3.9% · Above median
Balance sheet
Debt / equity0.86× · Highest 25%
Valuation Multiplesvs Household & Personal Products median · lower = cheaper
P/E (TTM)24.6× · Pricier than median
P/B0.99× · Cheaper than median
P/S (TTM)1.76× · Pricier than median
EV/EBITDA18.3× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 33
FUTURE (revenue growth)100· sector 5
PAST (return on equity)9· sector 27
HEALTH (low debt)57· sector 98
DIVIDEND (yield)79· sector 55
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). "B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" Fair Value". https://www.fairvalue-calculator.com/stock/PORF
Frequently asked questions
Is B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" (PORF) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €10.41 versus a price of €14.00, about −26% upside (overvalued).
What is the fair value of PORF?
Our model-based fair value for B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" is €10.41 (as of Sep 23, 2026), built from audited fundamentals. The current price: €14.00.
What is the quality score of PORF?
B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" has a Quality Score of 31/100. 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 B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" (PORF)?
Our model-based price target is the fair value of €10.41 (as of Sep 23, 2026) from 12 valuation models. Cautious scenario €7.70, optimistic scenario €12.83. It is a calculation from audited fundamentals, not an analyst target.
What is the B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" stock forecast for 2026?
Our models put fair value at €10.41, about −26% upside versus a price of €14.00 (overvalued). Cautious scenario €7.70, optimistic scenario €12.83. The calculation is refreshed regularly with new filings.
What is the revenue of B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" (PORF)?
B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" reported trailing-twelve-month revenue of about €9.8M (latest available figure, as of Sep 23, 2026).
Does B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" pay a dividend?
B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" currently shows a dividend yield of about 3.93% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" (PORF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" it is €10.41 per share (as of Sep 23, 2026), against a price of €14.00. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" stock overvalued or undervalued in 2026?
As of Sep 23, 2026, PORF trades above its calculated fair value: price €14.00, fair value €10.41, a gap of about −26% (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 PORF?
No. The price is what the market pays today (€14.00); the fair value is what the company's own numbers justify (€10.41). For B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" the two are €3.59 per share apart. That gap is exactly why we show both numbers side by side.
How much is B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" worth?
The market values B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" at about €15.2M (market capitalisation, as of Sep 23, 2026). Per share that is €14.00; our models calculate a fair value of €10.41 per share.
What do the bullish and bearish scenarios say about PORF?
Our models span a range for B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653": cautious scenario €7.70, base €10.41, optimistic €12.83 per share (as of Sep 23, 2026, price €14.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PORF?
B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" trades at a price-to-earnings ratio of 24.6 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €10.41 is built from several models across several years. Other multiples: P/B 1.0, P/S 1.8, EV/EBITDA 18.3.
How solid is the balance sheet of B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" (PORF)?
Balance-sheet figures for B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" (as of Sep 23, 2026): return on equity 2.3%, debt of 0.86 per unit of equity. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
How far is PORF from its 52-week high?
B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" trades at €14.00, about 1% below its 52-week high of €14.20 and 29% above the low of €10.84 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of €10.41 is for.
Which stocks are comparable to B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653"?
From the same area (Consumer Defensive) we also value Colgate-Palmolive Company, Hindustan Unilever Limited, Kenvue Inc, Kimberly-Clark Corporation, 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 B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" stock attractive at the current price?
The data as of Sep 23, 2026: price €14.00, calculated fair value €10.41 (−26%), Quality Score 31/100, from 12 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 PORF calculated?
We run B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" through 12 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 €10.41, 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 13.0 % above its aggregate fair value. B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" 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 B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" (PORF)?
The closing price on Sep 23, 2026 was €14.00. Our model-based fair value is €10.41, about −26% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" right now?
The price sits above even our optimistic bull case (€12.83). The favourable scenario is already priced in. Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts.
Where does the earnings growth of B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" (PORF) come from?
Earnings per share at B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" grew +10.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share −13.5 %, EBIT margin +14.6 %, tax rate +4.8 %, residual (interest, one-offs) +6.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653"
How large is the market capitalisation of B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" (PORF)?
The market capitalisation of B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" is €15.2M. 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 B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" (PORF)?
The price-to-sales ratio of B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" is 1.61 (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 B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" (PORF)?
Earnings per share at B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" are €0.5700 (price ÷ EPS = P/E 24.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" (PORF)?
The dividend yield of B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" is 3.9% (payout 96.5%). 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 B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" (PORF)?
The net margin of B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" is 6.6% (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 B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" (PORF)?
The return on equity (ROE) of B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" is 2.3% (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 B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" (PORF)?
On an EBIT basis the return on assets of B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" is 1.6% (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 B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" (PORF)?
The operating margin of B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" is 15.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" (PORF)?
Revenue at B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" is growing +20.1% versus a year earlier (3y avg +10.3%). 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 B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" (PORF)?
Earnings per share at B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" are growing +40.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" (PORF) generate?
The free cash flow of B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" is −€2.7M (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 B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" (PORF) carry?
The net debt of B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" is €15.2M (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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