Polwax S.A (PWX) Fair Value & Analysis
Basic Materials · PL · Market cap 62.9M PLN
Fair value as of: Jul 16, 2026
From 3 valuation models · updated 25 days ago
Fair value updated Jul 16, 2026, revised from 0.3000 PLN to 0.6000 PLN (+100.0%) since Jun 25, 2026. Share price −2.0% over the past month.
Below-average quality, and screening another 40% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (0.7600 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 (0.4000 PLN to 0.7600 PLN) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
60‑month range 0.9600 PLN – 3.41 PLN · fair‑value band 0.4000 PLN – 0.7600 PLN · the 1.00 PLN price screens above the 0.6000 PLN fair value. Dashed = 300-day average. As of Jul 16, 2026.
Analysis
Polwax S.A (PWX) currently trades at 1.00 PLN, while our model-based Fair Value estimate is 0.6000 PLN, implying the stock looks roughly 40.0% overvalued today. The Quality Score stands at 38/100 (below-average quality), in the Basic Materials 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, Polwax S.A generated revenue of 130M PLN at a net margin of -9.3%. Revenue declined 26.3% year over year. It earns a return on equity of -21.6%. Net debt stands at 23.7M PLN. Fundamentals as of Jul 16, 2026
Our scenario range runs from 0.4000 PLN (bear case) to 0.7600 PLN (bull case); at 1.00 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 38% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at -40%, PWX screens cheaper 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.
All 3 models by family
Widest divergence: Dividend Discount (0.7500 PLN) versus Asset-Based (0.5400 PLN). Highest evidence: Gordon GGM (70).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 39 · Market factors (momentum, volatility) 34
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
Polwax S.A. produces and distributes refined and renewable paraffin and waxes. The company also offers wood and paper impregnation products; waxes intended for food contact; micro-crystalline waxes; anti-caking products for fertilizers; corrosion protection products; HotMelt adhesives; model masses; plant protection products; candle goods; special waxes for …
Full company description
Polwax S.A. produces and distributes refined and renewable paraffin and waxes. The company also offers wood and paper impregnation products; waxes intended for food contact; micro-crystalline waxes; anti-caking products for fertilizers; corrosion protection products; HotMelt adhesives; model masses; plant protection products; candle goods; special waxes for the manufacture of candles and paraffin raw materials; and other industrial products, as well as ready-made grave candles and table candles. Its products are used in grave candle, candle, food contact, rubber, automotive, fertilizer, and wood and furniture industries. The company was founded in 1999 and is based in Jaslo, Poland.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Polwax S.A reported revenue of 130M PLN in FY2025 versus 272M PLN in FY2021, a compound −16.9%/yr. Reported net income was −12.1M PLN in FY2025.
PWX screens 40% overvalued. Compare with Linde plc →
Peer Group
Specialty Chemicals · 673 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.
Valuation Multiples vs Specialty Chemicals median · lower = cheaper
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: 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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Linde plc LIN | $489.98 | $222.03 | -55% |
| Nan Ya Plastics Corporation 1303 | 181.50 TWD | 255.83 TWD | +41% |
| Wanhua Chemical Group 600309 | ¥70.04 | ¥68.03 | -3% |
| Novozymes A/S NSISB | kr 428.20 | kr 179.66 | -58% |
| Asian Paints Limited ASIANPAINT | ₹2,689 | ₹668.81 | -75% |
| Solar Industries India Limited SOLARINDS | ₹18,236 | ₹2,793 | -85% |
| Pidilite Industries Limited PIDILITIND | ₹1,560 | ₹351.84 | -77% |
| PT Chandra Asri Pacific Tbk TPIA | 1,805 IDR | 2,888 IDR | +60% |
| Linde India Limited LINDEINDIA | ₹7,115 | ₹757.93 | -89% |
| Berger Paints India Limited BERGEPAINT | ₹493.70 | ₹164.29 | -67% |
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Frequently asked questions
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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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