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Rank Progress S.A (RNK) Fair Value & Analysis

Real Estate · PL · Market cap 180M PLN

RP Rank Progress S.A RNK · WAR
Price4.91 PLN
Fair Value1.82 PLN
Upside-62.9%
Quality53/100
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Weak Growth
Highly profitable · 42.2% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/13)
Moderate moat 48/100
Evidence: High Range 1.36 PLN – 2.27 PLN Share as image

Fair value as of: Jul 11, 2026

From 7 valuation models · updated 30 days ago

Fair value updated Jul 11, 2026, revised from 11.44 PLN to 1.82 PLN (−84.1%) since Jun 26, 2026. Share price +1.3% over the past month.

A solid business, but screening 63% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (2.27 PLN). The favourable scenario is already priced in.
  • Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

8.00 PLN 1.40 PLN Fair Value 1.82 PLN Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range 1.40 PLN – 8.00 PLN · fair‑value band 1.36 PLN – 2.27 PLN · the 4.91 PLN price screens above the 1.82 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Rank Progress S.A (RNK) currently trades at 4.91 PLN, while our model-based Fair Value estimate is 1.82 PLN, implying the stock looks roughly 62.9% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Real Estate 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: high).

Over the trailing twelve months, Rank Progress S.A generated revenue of 66.5M PLN at a net margin of 42.2%. Revenue grew 1.9% year over year. It earns a return on equity of 5.2%. Net debt stands at 212M PLN. Fundamentals as of Jul 11, 2026

Our scenario range runs from 1.36 PLN (bear case) to 2.27 PLN (bull case); at 4.91 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 1% below its 52-week high and 37% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -30% fair-value upside, at -63%, RNK 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
Residual Income 9.72 PLN 9.33 PLN 7.14 PLN 76
Gordon GGM 9.40 PLN 15.74 PLN 20.44 PLN 70
DDM Multi-Stage 9.40 PLN 13.56 PLN 16.94 PLN 61
All 7 models by family
Dividend Discount
Gordon GGM 9.40 PLN 15.74 PLN 20.44 PLN 70
DDM Multi-Stage 9.40 PLN 13.56 PLN 16.94 PLN 61
Multiples
P/S Multiple 5.90 PLN 7.87 PLN 9.84 PLN 58
P/B Multiple 5.90 PLN 7.87 PLN 9.84 PLN 55
EV/EBIT 0.4100 PLN 53
Asset-Based
NCAV (Graham) 7.34 PLN 9.83 PLN 14.67 PLN 50
Economic Profit
Residual Income 9.72 PLN 9.33 PLN 7.14 PLN 76

Widest divergence: Dividend Discount (13.56 PLN) versus Multiples (7.87 PLN). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 66.5M PLN
Revenue growth (YoY) +1.9%
Net margin 42.2%
Return on equity 5.2%
Free cash flow 5.1M PLN FY2025
P/E ratio 32.9
More key figures
Operating margin 8.6%
EPS (TTM) 0.1400 PLN
EPS growth (YoY) +628%
Net debt 212M PLN FY2024

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 51 · Market factors (momentum, volatility) 61

Profitability 33
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 45
Earnings quality: real cash, not paper profit
Fin. Strength 46
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 56
Price trend over the last 3–12 months (market factor)
52W Momentum 63
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

Rank Progress S.A. invests in, develops, rents, and sells commercial real estate properties in Poland and internationally. It develops shopping and service centers; shopping malls; and residential and office buildings. The company was founded in 1997 and is based in Legnica, Poland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Rank Progress S.A reported revenue of 66.2M PLN in FY2025 versus 61.5M PLN in FY2021, a compound +1.9%/yr. Reported net income was 17.2M PLN in FY2025, compounding +64.1%/yr from FY2021.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
66.2M PLN
Latest YoY
−58.7%
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.
+2.7%
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.
−11.1%
Avg. growth/yr (16Y) 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.
−4.8%
Revenue +1.9%/yr
FY21 61.5M PLN
FY22 61.1M PLN
FY23 71.2M PLN
FY24 160M PLN
FY25 66.2M PLN
Net income +64.1%/yr
FY21 2.4M PLN
FY22 25.6M PLN
FY23 24.0M PLN
FY24 40.6M PLN
FY25 17.2M PLN

RNK screens 63% overvalued. Compare with Swiss Prime Site AG →

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

Peer Group

Real Estate - Diversified · 137 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 54 · Above median
Fair Value upside −63% · Bottom 25%
Return on equity (TTM) 5% · Above median
Return on assets 1% · Below median
Net margin (TTM) 42% · Top 25%
Operating margin (TTM) 9% · Below median
Revenue growth 2% · Below median
Debt / equity 0.33× · Lower than median

Valuation Multiples vs Real Estate - Diversified median · lower = cheaper

P/E (TTM) 6.5× · Cheaper than 75% of peers
P/B 0.09× · Cheaper than 75% of peers
P/S (TTM) 0.73× · Cheaper than median
P/FCF 9.5× · Pricier than 75% of peers
EV/EBITDA 20.8× · Pricier 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 46
FUTURE 10 · sector 32
PAST 21 · sector 17
HEALTH 83 · sector 75
DIVIDEND 0 · sector 45

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 Real Estate - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

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Frequently asked questions

Is Rank Progress S.A (RNK) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of 1.82 PLN versus a price of 4.91 PLN, about −63% (overvalued).
What is the fair value of RNK?
Our model-based fair value for Rank Progress S.A is 1.82 PLN (as of Jul 11, 2026), built from audited fundamentals. The current price is 4.91 PLN.
What is the quality score of RNK?
Rank Progress S.A has a Quality Score of 53/100. 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 Rank Progress S.A (RNK)?
Rank Progress S.A reported trailing-twelve-month revenue of about 66.5M PLN (latest available figure, as of Jul 11, 2026).
What is the net profit margin of RNK?
The net profit margin of Rank Progress S.A is about 42.2%, meaning it keeps roughly 42.2% 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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