Rainbow Tours SA (RBW) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Rainbow Tours SA PLN 408, price PLN 136, upside +200.0%, quality 65 out of 100. Calculated from audited financials with 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, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range 13.10 PLN – 155.76 PLN · fair‑value band 230.44 PLN – 683.19 PLN · the 135.90 PLN price screens below the 407.70 PLN 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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Rainbow Tours S.A. operates as a tour operator in Poland, the Czech Republic, Greece, Spain, Turkey, Slovakia, Lithuania, and internationally. The company operates through Sale of Tourist Events, Hotel, and Others segments. The company was founded in 1990 and is headquartered in Lódz, Poland.
Stock analysis
Rainbow Tours SA (RBW) currently trades at 135.90 PLN, while our model-based Fair Value estimate is 407.70 PLN, implying the stock looks roughly 66.7% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 552.51 PLN per share, and 23 of the 26 models we run sit above the 135.90 PLN price.
Bear case: the Dividend Discount group reads lowest at 98.09 PLN, and 3 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: 230.44 PLN (bear) to 683.19 PLN (bull), the price of 135.90 PLN sits below 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 65/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Rainbow Tours SA reported revenue of 4.6B PLN in FY2025 versus 1.3B PLN in FY2021, a compound +37.4%/yr. Reported net income was 259M PLN in FY2025, compounding +99.1%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 2.0B PLN (≈ $515M) · P/E ratio 8.1 · P/S ratio 0.46 · EPS (TTM) 16.72 PLN · Dividend yield 6.3% · Net margin 5.7% · Return on equity 42.9% · Return on assets (EBIT) 15.9%.
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 13% below its 52-week high and 23% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 10% fair-value upside, at 200%, RBW screens cheaper than that median.
Fair Value models
Bear 230.44 PLNFair Value 407.70 PLNBull 683.19 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 (5.96 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.82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+12.0%
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.
+24.0%
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.
+18.1%
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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.
+69.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+63.0%
Dividend (yield on the price)6.3%
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.63% vs 23%, picking up
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.−11% → 7%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less 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).
−16.0%
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 −18.6% 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.Travel Services · 88 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside+200% · Top 25%
Profitability
Return on equity (TTM)43% · Top 25%
Return on assets14% · Top 25%
Net margin (TTM)5% · Below median
Operating margin (TTM)6% · Below median
Growth and dividend
Revenue growth2% · Below median
Dividend yield (TTM)6.3% · Top 25%
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Travel Services 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). "Rainbow Tours SA Fair Value". https://www.fairvalue-calculator.com/stock/RBW
Frequently asked questions
Is Rainbow Tours SA (RBW) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 407.70 PLN versus a price of 135.90 PLN, about +200% upside (undervalued).
What is the fair value of RBW?
Our model-based fair value for Rainbow Tours SA is 407.70 PLN (as of Sep 23, 2026), built from audited fundamentals. The current price: 135.90 PLN.
What is the quality score of RBW?
Rainbow Tours SA has a Quality Score of 65/100. 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 Rainbow Tours SA (RBW)?
Our model-based price target is the fair value of 407.70 PLN (as of Sep 23, 2026) from 26 valuation models. Cautious scenario 230.44 PLN, optimistic scenario 683.19 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Rainbow Tours SA stock forecast for 2026?
Our models put fair value at 407.70 PLN, about +200% upside versus a price of 135.90 PLN (undervalued). Cautious scenario 230.44 PLN, optimistic scenario 683.19 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Rainbow Tours SA (RBW)?
Rainbow Tours SA reported trailing-twelve-month revenue of about 4.6B PLN (latest available figure, as of Sep 23, 2026).
Does Rainbow Tours SA pay a dividend?
Rainbow Tours SA currently shows a dividend yield of about 6.33% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Rainbow Tours SA (RBW)?
For today's price to be fair in a discounted-cash-flow model, Rainbow Tours SA would have to grow free cash flow by -16.0 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +60.0 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of RBW use?
Our models discount Rainbow Tours SA at 11.2 %: a base by market capitalisation (small), damped by beta 0.71, 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 Rainbow Tours SA that is -16.0 % per year a year over ten years, using the same discount rate (11.2 %) and the same formula as our fair value.
How much growth has Rainbow Tours SA (RBW) delivered so far?
Over the past 5 years revenue at Rainbow Tours SA grew +60.0 % a year. The price currently implies -16.0 % 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 Rainbow Tours SA (RBW) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Rainbow Tours SA (-16.0 % 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 Rainbow Tours SA (RBW)?
The free-cash-flow yield on the price is 18.28 %: that much free cash flow Rainbow Tours SA produces per unit of market value. When it exceeds the discount rate of our models (11.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Rainbow Tours SA (RBW)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Rainbow Tours SA it is 407.70 PLN per share (as of Sep 23, 2026), against a price of 135.90 PLN. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Rainbow Tours SA stock overvalued or undervalued in 2026?
As of Sep 23, 2026, RBW trades below its calculated fair value: price 135.90 PLN, fair value 407.70 PLN, a gap of about +200% (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 RBW?
No. The price is what the market pays today (135.90 PLN); the fair value is what the company's own numbers justify (407.70 PLN). For Rainbow Tours SA the two are 271.80 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Rainbow Tours SA worth?
The market values Rainbow Tours SA at about 2.0B PLN (market capitalisation, as of Sep 23, 2026). Per share that is 135.90 PLN; our models calculate a fair value of 407.70 PLN per share.
What do the bullish and bearish scenarios say about RBW?
Our models span a range for Rainbow Tours SA: cautious scenario 230.44 PLN, base 407.70 PLN, optimistic 683.19 PLN per share (as of Sep 23, 2026, price 135.90 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of RBW?
Rainbow Tours SA trades at a price-to-earnings ratio of 8.1 (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 407.70 PLN is built from several models across several years. Other multiples: P/B 1.0, P/S 0.1.
How solid is the balance sheet of Rainbow Tours SA (RBW)?
Balance-sheet figures for Rainbow Tours SA (as of Sep 23, 2026): return on equity 42.9%, debt of 0.05 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is RBW from its 52-week high?
Rainbow Tours SA trades at 135.90 PLN, about 13% below its 52-week high of 155.76 PLN and 23% above the low of 110.40 PLN (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 407.70 PLN is for.
Which stocks are comparable to Rainbow Tours SA?
From the same area (Consumer Cyclical) we also value Booking Holdings, Airbnb, Inc, Royal Caribbean Cruises Ltd, Viking Holdings, 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 Rainbow Tours SA stock attractive at the current price?
The data as of Sep 23, 2026: price 135.90 PLN, calculated fair value 407.70 PLN (+200%), Quality Score 65/100, from 26 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 RBW calculated?
We run Rainbow Tours SA through 26 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 407.70 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 14.0 % above its aggregate fair value. Rainbow Tours SA currently trades 200 % 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 Rainbow Tours SA (RBW)?
The closing price on Sep 24, 2026 was 135.90 PLN. Our model-based fair value is 407.70 PLN, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Rainbow Tours SA right now?
The price is below even our cautious bear case (230.44 PLN). The market is more pessimistic than our downside scenario. The model range is unusually wide (230.44 PLN to 683.19 PLN). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Rainbow Tours SA (RBW) come from?
Earnings per share at Rainbow Tours SA grew +25.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +15.4 %, EBIT margin +8.8 %, tax rate −0.1 %, residual (interest, one-offs) +0.0 %. 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 Rainbow Tours SA
How large is the market capitalisation of Rainbow Tours SA (RBW)?
The market capitalisation of Rainbow Tours SA is 2.0B PLN (≈ $515M). 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 Rainbow Tours SA (RBW)?
The price-to-sales ratio of Rainbow Tours SA is 0.46 (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 Rainbow Tours SA (RBW)?
Earnings per share at Rainbow Tours SA are 16.72 PLN (price ÷ EPS = P/E 8.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Rainbow Tours SA (RBW)?
The dividend yield of Rainbow Tours SA is 6.3% (payout 51.4%). 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 Rainbow Tours SA (RBW)?
The net margin of Rainbow Tours SA is 5.7% (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 Rainbow Tours SA (RBW)?
The return on equity (ROE) of Rainbow Tours SA is 42.9% (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 Rainbow Tours SA (RBW)?
On an EBIT basis the return on assets of Rainbow Tours SA is 15.9% (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 Rainbow Tours SA (RBW)?
The operating margin of Rainbow Tours SA is 6.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Rainbow Tours SA (RBW)?
Revenue at Rainbow Tours SA is growing +1.7% versus a year earlier (3y avg +24.0%). 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 Rainbow Tours SA (RBW)?
Earnings per share at Rainbow Tours SA are growing −23.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Rainbow Tours SA (RBW) hold?
Rainbow Tours SA holds more cash than debt, 384M PLN net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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