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Relpol S.A (RLP) Fair Value & Analysis

Industrials · PL · Market cap 53.6M PLN

RS Relpol S.A RLP · WAR
Price6.12 PLN
Fair Value0.6000 PLN
Upside-90.2%
Quality56/100
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Weak Growth
Thin margins · 0.9% net margin
Low debt · generates free cash flow
Trails peers (5/13)
Narrow moat 20/100
Evidence: Medium Range 0.3800 PLN – 0.9300 PLN Share as image

Fair value as of: Jul 16, 2026

From 13 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from 7.10 PLN to 0.6000 PLN (−91.5%) since Jun 24, 2026. Share price +11.3% over the past month.

A solid business, but screening 90% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.9300 PLN). The favourable scenario is already priced in.
  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (0.3800 PLN to 0.9300 PLN) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

9.22 PLN 4.85 PLN Fair Value 0.6000 PLN Apr 2021 Aug 2026

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 4.85 PLN – 9.22 PLN · fair‑value band 0.3800 PLN – 0.9300 PLN · the 6.12 PLN price screens above the 0.6000 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Relpol S.A (RLP) currently trades at 6.12 PLN, while our model-based Fair Value estimate is 0.6000 PLN, implying the stock looks roughly 90.2% overvalued today. The Quality Score stands at 56/100 (solid quality), in the Industrials 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, Relpol S.A generated revenue of 111M PLN at a net margin of 0.9%. Revenue grew 11.3% year over year. It earns a return on equity of 1.1%. Net debt stands at 19.0M PLN. Fundamentals as of Jul 16, 2026

Our scenario range runs from 0.3800 PLN (bear case) to 0.9300 PLN (bull case); at 6.12 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 3% below its 52-week high and 27% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -90%, RLP 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 1.42 PLN 1.85 PLN 2.55 PLN 80
Rev-Margin DCF 1.52 PLN 2.46 PLN 3.65 PLN 74
Gordon GGM 0.0700 PLN 0.0800 PLN 0.0900 PLN 70
All 13 models by family
DCF Models
FCF DCF 1.38 PLN 1.83 PLN 2.64 PLN 38
Owner Earnings 1.23 PLN 1.64 PLN 2.39 PLN 31
5Y Revenue Exit 1.52 PLN 2.40 PLN 3.74 PLN 39
5Y EBITDA Exit 2.24 PLN 3.61 PLN 5.50 PLN 41
10Y Revenue Exit 1.39 PLN 2.07 PLN 2.82 PLN 36
10Y EBITDA Exit 1.82 PLN 2.75 PLN 3.79 PLN 37
Dividend Discount
Gordon GGM 0.0700 PLN 0.0800 PLN 0.0900 PLN 70
DDM Multi-Stage 0.0700 PLN 0.0800 PLN 0.1000 PLN 61
Multiples
EV/EBITDA 3.56 PLN 4.95 PLN 6.34 PLN 54
EV/Revenue 1.83 PLN 2.87 PLN 3.92 PLN 43
Asset-Based
NCAV (Graham) 4.89 PLN 6.56 PLN 9.78 PLN 50
Growth DCF
Growth DCF 1.42 PLN 1.85 PLN 2.55 PLN 80
Rev-Margin DCF 1.52 PLN 2.46 PLN 3.65 PLN 74

Widest divergence: Asset-Based (6.56 PLN) versus Dividend Discount (0.0800 PLN). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 111M PLN
Revenue growth (YoY) +11.3%
Net margin 0.9%
Return on equity 1.1%
Free cash flow 2.6M PLN FY2025
P/E ratio 55.8
More key figures
Operating margin 2.4%
EPS (TTM) 0.1000 PLN
EPS growth (YoY) +171%
Net debt 19.0M PLN FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 54 · Market factors (momentum, volatility) 65

Profitability 23
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 31
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 71
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

Relpol S.A. manufactures relays worldwide. It offers signal relays, miniature relays, time relays, interface relays, solid state relays, supervisory relays, modular installation relays, and plug-in industrial relays.

Full company description

Relpol S.A. manufactures relays worldwide. It offers signal relays, miniature relays, time relays, interface relays, solid state relays, supervisory relays, modular installation relays, and plug-in industrial relays. The company also provides switched-mode power supplies, astronomical and digital clocks, electricity consumption meters, single and three phase power controllers, and installation contractors. Its products are applied building and industrial automation, energy sector, railways, solar inverters and charging stations, lightning control relays for DIN rail, electronics, as well as ventilation, air conditioning, cooling, and heating systems. The company was founded in 1958 and is based in Zary, Poland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Relpol S.A reported revenue of 108M PLN in FY2025 versus 134M PLN in FY2021, a compound −5.2%/yr. Reported net income was −1.5M PLN in FY2025.

Growth Quality 32/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
108M PLN
Latest YoY
−1.4%
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.
−10.6%
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.
−2.3%
Avg. growth/yr (17Y) 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.
+2.7%
Revenue −5.2%/yr
FY21 134M PLN
FY22 151M PLN
FY23 160M PLN
FY24 109M PLN
FY25 108M PLN
Net income
FY21 6.6M PLN
FY22 1.2M PLN
FY23 8.6M PLN
FY24 −7.5M PLN
FY25 −1.5M PLN

RLP screens 90% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "Relpol S.A Fair Value". https://www.fairvalue-calculator.com/stock/RLP

Peer Group

Electrical Equipment & Parts · 528 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 56 · Above median
Fair Value upside −90% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth 11% · Above median
Debt / equity 0.07× · Higher than median

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 55.8× · Pricier than 75% of peers
P/B 0.15× · Cheaper than 75% of peers
P/S (TTM) 0.13× · Cheaper than 75% of peers
P/FCF 5.6× · Pricier than median
EV/EBITDA 3.8× · 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 0
FUTURE 57 · sector 57
PAST 4 · sector 26
HEALTH 96 · sector 97
DIVIDEND 0 · sector 18

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is Relpol S.A (RLP) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 0.6000 PLN versus a price of 6.12 PLN, about −90% (overvalued).
What is the fair value of RLP?
Our model-based fair value for Relpol S.A is 0.6000 PLN (as of Jul 16, 2026), built from audited fundamentals. The current price is 6.12 PLN.
What is the quality score of RLP?
Relpol S.A has a Quality Score of 56/100. 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 Relpol S.A (RLP)?
Relpol S.A reported trailing-twelve-month revenue of about 111M PLN (latest available figure, as of Jul 16, 2026).
What is the net profit margin of RLP?
The net profit margin of Relpol S.A is about 0.9%, meaning it keeps roughly 0.9% 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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