Quantum Software SA (QNT) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Quantum Software SA PLN 62.84, price PLN 42.40, upside +48.2%, quality 70 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 6.54 PLN – 44.08 PLN · fair‑value band 37.44 PLN – 98.39 PLN · the 42.40 PLN price screens below the 62.84 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Quantum software S.A. provides IT systems for enterprises in the domain of logistics and delivery chain management in Poland and internationally.
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Quantum software S.A. provides IT systems for enterprises in the domain of logistics and delivery chain management in Poland and internationally. It offers Qguar Manufacturing Execution System, a manufacturing execution system that enables the user to model production processes and to monitor the course of their realization; Qguar Advanced Planning & Scheduling, a system designed for production planning and scheduling; Qguar Warehouse Management System (WMS) Pro, a system designed to support warehousing processes in company-owned warehouses or warehouses that rent storage space; and Qguar WMS Easyway and Qguar WMS e-Commerce solutions. The company also provides Qguar Material Flow Control, a system that takes care of communication between a WMS and automated warehousing equipment; Qguar Link4Ship, a software developed to provide on-line communication between the WMS and IT systems of courier services; Qguar Transport Management System (TMS), a software for transport management; Qguar TMS Mobile, a TMS designed for mobile devices; and Qguar DS System for planning of time windows and management of traffic in warehouse loading docks. It offers Qguar Yard Management System, a software that allows vehicle and pedestrian traffic to be controlled within plant premises; Qguar 4WEB system, a tool designed to carry out a specific set of activities by means of a web browser; Qguar DAS System for data archiving and reduction of production servers load; Qguar IFC, a ready-to-use tool for data exchange between Qguar and external systems; Qguar RPS system for the circulation of pallets and returnable packing units; Qguar SBS System; internet of things products and SCADA system; industrial sensors; and processes visualisation solutions. The company also provides implementation, training, support, wireless and cable network, and IT related services. The company was founded in 1993 and is based in Kraków, Poland. Quantum software S.A. is a subsidiary of Quantum Assets Sp. z o.o.
Stock analysis
Quantum Software SA (QNT) currently trades at 42.40 PLN, while our model-based Fair Value estimate is 62.84 PLN, implying the stock looks roughly 32.5% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 94.64 PLN per share, and 18 of the 24 models we run sit above the 42.40 PLN price.
Bear case: the Asset-Based group reads lowest at 11.10 PLN, and 6 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 37.44 PLN (bear) to 98.39 PLN (bull), the price of 42.40 PLN sits inside 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 70/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Quantum Software SA reported revenue of 56.8M PLN in FY2025 versus 38.9M PLN in FY2021, a compound +9.9%/yr. Reported net income was 5.2M PLN in FY2025, compounding +14.7%/yr from FY2021.
Key figures
Market cap 57.9M PLN (≈ $15.1M) · P/E ratio 12.8 · P/S ratio 1.18 · EPS (TTM) 3.31 PLN · Dividend yield 4.2% · Net margin 9.2% · Return on equity 20.7% · Return on assets (EBIT) 13.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 103% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −14% fair-value upside, at 48%, QNT screens cheaper than that median.
Fair Value models
Bear 37.44 PLNFair Value 62.84 PLNBull 98.39 PLN
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 (1.11 PLN 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.67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+5.8%
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.
+7.8%
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.
+8.0%
Start year 2020 (pandemic). Over 10 years: +8.7% a year
Revenue growth 17 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.
+6.9%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+18.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.9%
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.12% vs 15%, steady
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.18% → 9%
2025 sits 88% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+12.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Poland: IMF forecast 3.1% a year to 2030, 4.6% from 2016 to 2025) that is about +8.9% a year for the price.
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.Software - Application · 720 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside+48% · Top 25%
Profitability
Return on equity (TTM)21% · Top 25%
Return on assets8% · Top 25%
Net margin (TTM)7% · Above median
Operating margin (TTM)−4% · Below median
Growth and dividend
Revenue growth−10% · Bottom 25%
Dividend yield (TTM)4.2% · Top 25%
Valuation Multiplesvs Software - Application 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). "Quantum Software SA Fair Value". https://www.fairvalue-calculator.com/stock/QNT
Frequently asked questions
Is Quantum Software SA (QNT) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 62.84 PLN versus a price of 42.40 PLN, about +48% upside (undervalued).
What is the fair value of QNT?
Our model-based fair value for Quantum Software SA is 62.84 PLN (as of Sep 23, 2026), built from audited fundamentals. The current price: 42.40 PLN.
What is the quality score of QNT?
Quantum Software SA has a Quality Score of 70/100. 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 Quantum Software SA (QNT)?
Our model-based price target is the fair value of 62.84 PLN (as of Sep 23, 2026) from 24 valuation models. Cautious scenario 37.44 PLN, optimistic scenario 98.39 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Quantum Software SA stock forecast for 2026?
Our models put fair value at 62.84 PLN, about +48% upside versus a price of 42.40 PLN (undervalued). Cautious scenario 37.44 PLN, optimistic scenario 98.39 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Quantum Software SA (QNT)?
Quantum Software SA reported trailing-twelve-month revenue of about 55.4M PLN (latest available figure, as of Sep 23, 2026).
Does Quantum Software SA pay a dividend?
Quantum Software SA currently shows a dividend yield of about 4.25% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Quantum Software SA (QNT)?
For today's price to be fair in a discounted-cash-flow model, Quantum Software SA would have to grow free cash flow by +12.3 % per year for five years (discount rate 9.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.0 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of QNT use?
Our models discount Quantum Software SA at 9.3 %: a base by market capitalisation (nano), damped by beta 0.19, country premium for Poland. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Quantum Software SA that is +12.3 % per year a year over ten years, using the same discount rate (9.3 %) and the same formula as our fair value.
How much growth has Quantum Software SA (QNT) delivered so far?
Over the past 5 years revenue at Quantum Software SA grew +8.0 % a year. The price currently implies +12.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Quantum Software SA (QNT) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Quantum Software SA (+12.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Quantum Software SA (QNT)?
The free-cash-flow yield on the price is 3.02 %: that much free cash flow Quantum Software SA produces per unit of market value. When it exceeds the discount rate of our models (9.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Quantum Software SA (QNT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Quantum Software SA it is 62.84 PLN per share (as of Sep 23, 2026), against a price of 42.40 PLN. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Quantum Software SA stock overvalued or undervalued in 2026?
As of Sep 23, 2026, QNT trades below its calculated fair value: price 42.40 PLN, fair value 62.84 PLN, a gap of about +48% (undervalued). 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 QNT?
No. The price is what the market pays today (42.40 PLN); the fair value is what the company's own numbers justify (62.84 PLN). For Quantum Software SA the two are 20.44 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Quantum Software SA worth?
The market values Quantum Software SA at about 57.9M PLN (market capitalisation, as of Sep 23, 2026). Per share that is 42.40 PLN; our models calculate a fair value of 62.84 PLN per share.
What do the bullish and bearish scenarios say about QNT?
Our models span a range for Quantum Software SA: cautious scenario 37.44 PLN, base 62.84 PLN, optimistic 98.39 PLN per share (as of Sep 23, 2026, price 42.40 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of QNT?
Quantum Software SA trades at a price-to-earnings ratio of 12.8 (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 62.84 PLN is built from several models across several years. Other multiples: P/B 0.7, P/S 0.3, EV/EBITDA 1.3.
How solid is the balance sheet of Quantum Software SA (QNT)?
Balance-sheet figures for Quantum Software SA (as of Sep 23, 2026): return on equity 20.7%. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is QNT from its 52-week high?
Quantum Software SA trades at 42.40 PLN, about 4% below its 52-week high of 44.08 PLN and 103% above the low of 20.91 PLN (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 62.84 PLN is for.
Which stocks are comparable to Quantum Software SA?
From the same area (Technology) we also value SAP SE, Shopify Inc, Uber Technologies, Inc, Salesforce, Inc, 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 Quantum Software SA stock attractive at the current price?
The data as of Sep 23, 2026: price 42.40 PLN, calculated fair value 62.84 PLN (+48%), Quality Score 70/100, from 24 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 QNT calculated?
We run Quantum Software SA through 24 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 62.84 PLN, 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. Quantum Software SA currently trades 48 % below its own fair value, and the market average says nothing about that. 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 Quantum Software SA (QNT)?
The closing price on Sep 24, 2026 was 42.40 PLN. Our model-based fair value is 62.84 PLN, about +48% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Quantum Software SA right now?
The rarer combination: high quality (70/100) AND below fair value. That earns a closer look rather than a quick verdict. The model range is unusually wide (37.44 PLN to 98.39 PLN). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Where does the earnings growth of Quantum Software SA (QNT) come from?
Earnings per share at Quantum Software SA grew +15.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +9.8 %, EBIT margin −0.1 %, tax rate +2.0 %, residual (interest, one-offs) +3.3 %. 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 Quantum Software SA
How large is the market capitalisation of Quantum Software SA (QNT)?
The market capitalisation of Quantum Software SA is 57.9M PLN (≈ $15.1M). 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 Quantum Software SA (QNT)?
The price-to-sales ratio of Quantum Software SA is 1.18 (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 Quantum Software SA (QNT)?
Earnings per share at Quantum Software SA are 3.31 PLN (price ÷ EPS = P/E 12.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Quantum Software SA (QNT)?
The dividend yield of Quantum Software SA is 4.2% (payout 54.4%). 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 Quantum Software SA (QNT)?
The net margin of Quantum Software SA is 9.2% (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 Quantum Software SA (QNT)?
The return on equity (ROE) of Quantum Software SA is 20.7% (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 Quantum Software SA (QNT)?
On an EBIT basis the return on assets of Quantum Software SA is 13.5% (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 Quantum Software SA (QNT)?
The operating margin of Quantum Software SA is −3.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Quantum Software SA (QNT)?
Revenue at Quantum Software SA is growing −9.7% versus a year earlier (3y avg +7.8%). 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 Quantum Software SA (QNT)?
Earnings per share at Quantum Software SA are growing +314% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Quantum Software SA (QNT) hold?
Quantum Software SA holds more cash than debt, 8.0M PLN net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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