B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" (PORF) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" stock €11.18, price €14.40, that is 22.4% below the price, quality 42 out of 100. Rating: overvalued. Calculated from audited financials with 11 of our 26 valuation models and 37 quality factors, updated daily.
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. As of Nov 3, 2026.
How to read this chart
60‑month range €8.24 – €14.50 · fair‑value band €8.35 – €13.67 · the €14.40 price screens above the €11.18 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. As of Nov 3, 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.
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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 €14.40, while our model-based Fair Value estimate is €11.18, 22% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of €12.47 per share, and 1 of the 11 models we run sit above the €14.40 price.
Bear case: the Earnings-Based group reads lowest at €6.59, and 10 of the 11 models stay below the price. Data coverage for this calculation is medium.
Scenario range: €8.35 (bear) to €13.67 (bull), the price of €14.40 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 42/100 (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 €15.0M Micro · P/E ratio 23.6 · P/S ratio 0.84 · EPS (TTM) €0.6100 · Dividend yield 4.2% · Net margin 3.7% · Return on equity 4.0% · Return on assets (EBIT) 1.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 36 out of 100 (medium confidence).
What moves the price
The share trades about 1% below its 52-week high and 33% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −26% fair-value upside, at −22%, PORF screens cheaper than that median.
Fair Value models
Bear€8.35Fair Value €11.18Bull€13.67
Price €14.40 · Downside -22.4%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€0.0086 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. 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.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%
’14
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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.
≈ −7.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−11.5%
Dividend (yield on the price)4.2%
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.−3.4% vs 11.4%, 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%
Pace: the 5-year rate starts in 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 · 230 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside−22.4% · Below median
Profitability
Return on equity (12 months)4.0% · Below median
Return on assets1.7% · Below median
Net margin (12 months)3.7% · Below median
Operating margin (12 months)7.4% · Below median
Growth and dividend
Revenue growth (quarter YoY)172.5% · Top 25%
Dividend yield (12 months)4.2% · Above median
Balance sheet
Debt / equity0.86× · Highest 25%
Valuation Multiplesvs Household & Personal Products median · lower = cheaper
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 Nov 3, 2026, our model estimates a fair value of €11.18 versus a price of €14.40, about 22% lower (overvalued).
What is the fair value of PORF?
Our model-based fair value for B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" is €11.18 (as of Nov 3, 2026), built from audited fundamentals. The current price: €14.40.
What is the quality score of PORF?
B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" has a Quality Score of 42/100. 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 €11.18 (as of Nov 3, 2026) from 11 valuation models. Cautious scenario €8.35, optimistic scenario €13.67. 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 €11.18, about 22% lower versus a price of €14.40 (overvalued). Cautious scenario €8.35, optimistic scenario €13.67. 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 €17.9M (latest available figure, as of Nov 3, 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 4.17% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" (PORF) and when is the ex-dividend date?
B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" pays a dividend of €0.6 per share a year, a dividend yield of 4.2%. The last ex-dividend date was May 14, 2026. The payout ratio is 98.4% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
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 €11.18 per share (as of Nov 3, 2026), against a price of €14.40. It is the blended result of 11 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" stock overvalued or undervalued in 2026?
As of Nov 3, 2026, PORF trades above its calculated fair value: price €14.40, fair value €11.18, a gap of about −22% (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 (€14.40); the fair value is what the company's own numbers justify (€11.18). For B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" the two are €3.22 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 €15.0M (market capitalisation, as of Nov 3, 2026). Per share that is €14.40; our models calculate a fair value of €11.18 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 €8.35, base €11.18, optimistic €13.67 per share (as of Nov 3, 2026, price €14.40). 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 23.6 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €11.18 is built from several models across several years. Other multiples: P/B 0.9, P/S 0.8, EV/EBITDA 14.3.
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 Nov 3, 2026): return on equity 4.0%, debt of 0.86 per unit of equity. They feed the Quality Score of 42/100, 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 €14.40, about 1% below its 52-week high of €14.50 and 33% above the low of €10.84 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of €11.18 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, The Estée Lauder Companies Inc, Henkel AG, 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 Nov 3, 2026: price €14.40, calculated fair value €11.18 (−22%), Quality Score 42/100, from 11 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 11 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €11.18 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. 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 Nov 9, 2026 was €14.40. Our model-based fair value is €11.18, about 22% lower (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 (€13.67). The favourable scenario is already priced in. Weak quality (42/100) 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 €15.0M. 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 0.84 (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 B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" (PORF)?
Earnings per share at B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" are €0.6100 (price ÷ EPS = P/E 23.6). 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 4.2% (payout 98.4%). 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 3.7% (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 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 4.0% (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 7.4% (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 +173% 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 +4.7% 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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Nov 3, 2026