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Polskie Towarzystwo Wspierania Przedsiebiorczosci S.A (PTW) Fair Value & Analysis

Communication Services · PL · Market cap 227M PLN

PT Polskie Towarzystwo Wspierania Przedsiebiorczosci S.A PTW · WAR
Price140.00 PLN
Fair Value55.85 PLN
Upside-60.1%
Quality69/100
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Healthy Growth
Solidly profitable · 10.0% net margin
Low debt · generates free cash flow
4.18% dividend yield
Ranks above peers (12/14)
Moderate moat 59/100
Evidence: Medium Range 42.29 PLN – 91.44 PLN Share as image

Fair value as of: Jul 19, 2026

From 24 valuation models · updated 22 days ago

Fair value updated Jul 19, 2026, revised from 55.80 PLN to 55.85 PLN (+0.1%) since Jul 18, 2026. Share price +6.1% over the past month.

A solid business, but screening 60% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (91.44 PLN). The favourable scenario is already priced in.
  • Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (42.29 PLN to 91.44 PLN) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

148.38 PLN 12.61 PLN Fair Value 55.85 PLN Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range 12.61 PLN – 148.38 PLN · fair‑value band 42.29 PLN – 91.44 PLN · the 140.00 PLN price screens above the 55.85 PLN fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Polskie Towarzystwo Wspierania Przedsiebiorczosci S.A (PTW) currently trades at 140.00 PLN, while our model-based Fair Value estimate is 55.85 PLN, implying the stock looks roughly 60.1% overvalued today. The Quality Score stands at 69/100 (solid quality), in the Communication Services 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: medium).

Over the trailing twelve months, Polskie Towarzystwo Wspierania Przedsiebiorczosci S.A generated revenue of 132M PLN at a net margin of 15.3%. Revenue grew 18.2% year over year. It earns a return on equity of 31.5%. The stock trades on a trailing P/E of 9.9. Fundamentals as of Jul 19, 2026

Our scenario range runs from 42.29 PLN (bear case) to 91.44 PLN (bull case); at 140.00 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 10% below its 52-week high and 72% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 9% fair-value upside, at -60%, PTW 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
Growth DCF 163.22 PLN 258.66 PLN 407.63 PLN 80
Residual Income 61.42 PLN 82.85 PLN 312.47 PLN 76
Rev-Margin DCF 145.58 PLN 240.53 PLN 377.45 PLN 74
All 24 models by family
DCF Models
FCF DCF 169.51 PLN 248.34 PLN 433.27 PLN 38
Owner Earnings 153.20 PLN 263.38 PLN 447.85 PLN 31
5Y Revenue Exit 145.58 PLN 238.02 PLN 384.92 PLN 39
5Y EBITDA Exit 174.98 PLN 303.30 PLN 495.63 PLN 41
5Y P/E Exit 190.28 PLN 346.77 PLN 541.70 PLN 38
10Y Revenue Exit 149.42 PLN 242.39 PLN 371.99 PLN 36
10Y EBITDA Exit 169.88 PLN 287.42 PLN 487.91 PLN 37
10Y P/E Exit 178.97 PLN 310.85 PLN 524.57 PLN 35
Earnings-Based
Graham-Dodd 80.92 PLN 522.43 PLN 730.68 PLN 54
Lynch FV 151.60 PLN 216.58 PLN 281.55 PLN 50
PEG = 1.0 151.60 PLN 216.58 PLN 281.55 PLN 46
EPV 124.39 PLN 136.05 PLN 145.51 PLN 59
Multiples
P/E Multiple 187.42 PLN 249.90 PLN 312.37 PLN 63
P/S Multiple 123.67 PLN 164.89 PLN 206.11 PLN 58
P/B Multiple 151.72 PLN 202.30 PLN 252.87 PLN 55
EV/EBIT 219.93 PLN 284.17 PLN 348.40 PLN 53
EV/EBITDA 188.59 PLN 242.38 PLN 296.17 PLN 54
EV/Revenue 131.11 PLN 175.63 PLN 220.15 PLN 43
Asset-Based
NCAV (Graham) 23.95 PLN 32.09 PLN 47.89 PLN 50
Growth DCF
Growth DCF 163.22 PLN 258.66 PLN 407.63 PLN 80
Rev-Margin DCF 145.58 PLN 240.53 PLN 377.45 PLN 74
Economic Profit
Residual Income 61.42 PLN 82.85 PLN 312.47 PLN 76
ROIC Compounder 134.26 PLN 158.05 PLN 184.31 PLN 72
Growth Earnings
Growth-Adj P/E 213.69 PLN 305.27 PLN 396.86 PLN 68

Widest divergence: Growth Earnings (305.27 PLN) versus Asset-Based (32.09 PLN). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 161M PLN
Revenue growth (YoY) +118%
Net margin 10.0%
Return on equity 25.2%
Free cash flow 21.4M PLN FY2025
P/E ratio 10.7
More key figures
Operating margin -6.2%
EPS (TTM) 13.14 PLN
Dividend yield 4.2%
EPS growth (YoY) +111%

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 71 · Market factors (momentum, volatility) 69

Profitability 73
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 69
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 59
Price trend over the last 3–12 months (market factor)
52W Momentum 82
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.

About the company

Polskie Towarzystwo Wspierania Przedsiebiorczosci S.A. provides integrated solutions for business communication in Poland.

Full company description

Polskie Towarzystwo Wspierania Przedsiebiorczosci S.A. provides integrated solutions for business communication in Poland. The company publishes Nowy Przemysl Economic Magazine, a magazine focusing on industrial sectors; Farmer, a magazine providing information on agriculture; Rynek Zdrowia, a magazine that provides exchange of views on the organization, financing, and management of medicine, as well as therapeutic trends; and Property Magazine for management staff of the largest companies operating in the commercial real estate segment. It also operates wnp.pl, which provides information needed for daily work; infoWET.pl; PortalSamorzadowy.pl, a source of economic and business information for local government, public administration, and managers of municipal and municipal companies and associations; PulsHR.pl, a HR website; PropertyNews.pl, a source of information about current trends and changes taking place in the commercial real estate sector; PropertyDesign.pl, offers information on the design and architecture of shopping centers, office buildings, hotels, warehouses, and public spaces; dlahandlu.pl, a portal about investments in the FMCG industry and the retail market; PortalSozywczy.pl, a source of information for the food industry; Horecatrends.pl, a website aimed at representatives of the catering industry, hotel managers, food producers, equipment manufacturers, and service providers in this sector; and Housemarket.pl for information from the housing market. In addition, the company operates Farmer.pl; GieldaRolna.pl; SadyOgrody.pl; RynekZdrwia.pl; RynekAptek.pl; InfoDENT24.pl; RynekSeniora.pl; and Parlamentarny.pl. Further, the company organizing congresses and industry events, as well as trade fairs and seminars; and manages International Congress Centre in Katowice (MCK) and the Spodek Sports and Entertainment Arena. The company was founded in 1995 and is based in Katowice, Poland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Polskie Towarzystwo Wspierania Przedsiebiorczosci S.A reported revenue of 132M PLN in FY2025 versus 55.2M PLN in FY2021, a compound +24.4%/yr. Reported net income was 19.1M PLN in FY2025, compounding +24.1%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
132M PLN
Latest YoY
+28.6%
Avg. 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.
+16.2%
Avg. 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.
+25.9%
Avg. growth/yr (9Y) 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.
+12.1%
Revenue +24.4%/yr
FY21 55.2M PLN
FY22 84.4M PLN
FY23 84.9M PLN
FY24 103M PLN
FY25 132M PLN
Net income +24.1%/yr
FY21 8.1M PLN
FY22 8.0M PLN
FY23 4.0M PLN
FY24 3.3M PLN
FY25 19.1M PLN

PTW screens 60% overvalued. Compare with The New York Times Company →

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Cite: Fair Value Calculator (2026). "Polskie Towarzystwo Wspierania Przedsiebiorczosci S.A Fair Value". https://www.fairvalue-calculator.com/stock/PTW

Peer Group

Publishing · 111 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 69 · Top 25%
Fair Value upside −60% · Bottom 25%
Return on equity (TTM) 25% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 10% · Above median
Operating margin (TTM) -6% · Bottom 25%
Revenue growth 118% · Top 25%
Dividend yield (TTM) 4.2% · Above median

Valuation Multiples vs Publishing median · lower = cheaper

P/E (TTM) 10.7× · Cheaper than median
P/B 0.79× · Cheaper than median
P/S (TTM) 0.38× · Cheaper than median
P/FCF 2.8× · Cheaper than median
EV/EBITDA 0.8× · 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.

VALUE 0 · sector 38
FUTURE 100 · sector 0
PAST 100 · sector 21
HEALTH 100 · sector 99
DIVIDEND 84 · sector 57

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Publishing stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

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Frequently asked questions

Is Polskie Towarzystwo Wspierania Przedsiebiorczosci S.A (PTW) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 55.85 PLN versus a price of 140.00 PLN, about −60% (overvalued).
What is the fair value of PTW?
Our model-based fair value for Polskie Towarzystwo Wspierania Przedsiebiorczosci S.A is 55.85 PLN (as of Jul 19, 2026), built from audited fundamentals. The current price is 140.00 PLN.
What is the quality score of PTW?
Polskie Towarzystwo Wspierania Przedsiebiorczosci S.A has a Quality Score of 69/100. 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 Polskie Towarzystwo Wspierania Przedsiebiorczosci S.A (PTW)?
Polskie Towarzystwo Wspierania Przedsiebiorczosci S.A reported trailing-twelve-month revenue of about 132M PLN (latest available figure, as of Jul 19, 2026).
What is the net profit margin of PTW?
The net profit margin of Polskie Towarzystwo Wspierania Przedsiebiorczosci S.A is about 15.3%, meaning it keeps roughly 15.3% 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.

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