Sfinks Polska S.A. (SFS) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Sfinks Polska S.A. PLN 1.99, price PLN 0.42, upside +378.4%, quality 46 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 28, 2026.
How to read this chart
60‑month range 0.3300 PLN – 1.56 PLN · fair‑value band 0.9900 PLN – 2.77 PLN · the 0.4160 PLN price screens below the 1.99 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 28, 2026.
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Sfinks Polska S.A. engages in the operation and franchise of restaurants in the casual dining sector in Europe. It operates a network of restaurants under the Sphinx, Piwiarnia, and Chlopskie Jadlo brand names; and virtual restaurant under The Burgers brand name. Sfinks Polska S.A. was founded in 1995 and is headquartered in Piaseczno, Poland.
Stock analysis
Sfinks Polska S.A. (SFS) currently trades at 0.4160 PLN, while our model-based Fair Value estimate is 1.99 PLN, implying the stock looks roughly 79.1% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 2.14 PLN per share, and 9 of the 9 models we run sit above the 0.4160 PLN price.
Bear case: the Multiples group reads lowest at 0.4700 PLN, and 0 of the 9 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.9900 PLN (bear) to 2.77 PLN (bull), the price of 0.4160 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 46/100 (below-average quality), in the Consumer Cyclical sector.
Mixed Growth: Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
Sfinks Polska S.A. reported revenue of 46.7M PLN in FY2025 versus 63.9M PLN in FY2021, a compound −7.5%/yr. Reported net income was −7.0M PLN in FY2025.
Key figures
Market cap 15.8M PLN (≈ $4.1M) · P/S ratio 0.39 · EPS (TTM) −0.1600 PLN · Net margin −15.0% · Return on assets (EBIT) 3.4% · Operating margin 7.9% · Revenue (TTM) 43.2M PLN · Revenue growth (YoY) −26.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 26% below its 52-week high and 18% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −19% fair-value upside, at 378%, SFS screens cheaper than that median.
Fair Value models
Bear 0.9900 PLNFair Value 1.99 PLNBull 2.77 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.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.55/100
Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
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.
+9.0%
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.
−11.2%
Revenue growth 15 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.
−4.9%
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Profit margin (trend) ⓘ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.
−13.9% (2020) → 10.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
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).
+5.5%
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 +2.3% 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.Restaurants · 205 stocks
Beats the industry median on 5/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside+200.0% · Top 25%
Profitability
Return on equity (TTM)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets3.7% · Above median
Net margin (TTM)−14.5% · Bottom 25%
Operating margin (TTM)7.9% · Above median
Growth and dividend
Revenue growth−26.0% · Bottom 25%
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Restaurants median · lower = cheaper
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (TTM)0.09× · Cheapest 25%
P/FCF0.6× · Cheapest 25%
EV/EBITDA15.0× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)100· sector 38
FUTURE (revenue growth)0· sector 21
PAST (return on equity)0· sector 26
HEALTH (low debt)0· sector 95
DIVIDEND (yield)0· sector 64
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
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). "Sfinks Polska S.A. Fair Value". https://www.fairvalue-calculator.com/stock/SFS
Frequently asked questions
Is Sfinks Polska S.A. (SFS) overvalued or undervalued?
As of Sep 28, 2026, our model estimates a fair value of 1.99 PLN versus a price of 0.4160 PLN, about +378% upside (undervalued).
What is the fair value of SFS?
Our model-based fair value for Sfinks Polska S.A. is 1.99 PLN (as of Sep 28, 2026), built from audited fundamentals. The current price: 0.4160 PLN.
What is the quality score of SFS?
Sfinks Polska S.A. has a Quality Score of 46/100. 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 Sfinks Polska S.A. (SFS)?
Our model-based price target is the fair value of 1.99 PLN (as of Sep 28, 2026) from 10 valuation models. Cautious scenario 0.9900 PLN, optimistic scenario 2.77 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Sfinks Polska S.A. stock forecast for 2026?
Our models put fair value at 1.99 PLN, about +378% upside versus a price of 0.4160 PLN (undervalued). Cautious scenario 0.9900 PLN, optimistic scenario 2.77 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Sfinks Polska S.A. (SFS)?
Sfinks Polska S.A. reported trailing-twelve-month revenue of about 43.2M PLN (latest available figure, as of Sep 28, 2026).
What growth is priced into Sfinks Polska S.A. (SFS)?
For today's price to be fair in a discounted-cash-flow model, Sfinks Polska S.A. would have to grow free cash flow by +5.5 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -9.6 % per year. As of Sep 28, 2026.
What discount rate (WACC) does the fair value of SFS use?
Our models discount Sfinks Polska S.A. at 10.6 %: a base by market capitalisation (nano), 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 Sfinks Polska S.A. that is +5.5 % per year a year over ten years, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Sfinks Polska S.A. (SFS) delivered so far?
Over the past 5 years revenue at Sfinks Polska S.A. grew -9.6 % a year. The price currently implies +5.5 % 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 Sfinks Polska S.A. (SFS) growing?
The median revenue growth in the sector is +3.8 % a year. That is the yardstick for the growth priced into Sfinks Polska S.A. (+5.5 % 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 Sfinks Polska S.A. (SFS)?
The free-cash-flow yield on the price is 45.76 %: that much free cash flow Sfinks Polska S.A. produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sfinks Polska S.A. (SFS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sfinks Polska S.A. it is 1.99 PLN per share (as of Sep 28, 2026), against a price of 0.4160 PLN. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Sfinks Polska S.A. stock overvalued or undervalued in 2026?
As of Sep 28, 2026, SFS trades below its calculated fair value: price 0.4160 PLN, fair value 1.99 PLN, a gap of about +378% (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 SFS?
No. The price is what the market pays today (0.4160 PLN); the fair value is what the company's own numbers justify (1.99 PLN). For Sfinks Polska S.A. the two are 1.57 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Sfinks Polska S.A. worth?
The market values Sfinks Polska S.A. at about 15.8M PLN (market capitalisation, as of Sep 28, 2026). Per share that is 0.4160 PLN; our models calculate a fair value of 1.99 PLN per share.
What do the bullish and bearish scenarios say about SFS?
Our models span a range for Sfinks Polska S.A.: cautious scenario 0.9900 PLN, base 1.99 PLN, optimistic 2.77 PLN per share (as of Sep 28, 2026, price 0.4160 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Sfinks Polska S.A. (SFS)?
Balance-sheet figures for Sfinks Polska S.A. (as of Sep 28, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is SFS from its 52-week high?
Sfinks Polska S.A. trades at 0.4160 PLN, about 26% below its 52-week high of 0.5600 PLN and 18% above the low of 0.3520 PLN (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 1.99 PLN is for.
Which stocks are comparable to Sfinks Polska S.A.?
From the same area (Consumer Cyclical) we also value McDonald's Corporation, Starbucks Corporation, Chipotle Mexican Grill, Inc, Yum! Brands, 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 Sfinks Polska S.A. stock attractive at the current price?
The data as of Sep 28, 2026: price 0.4160 PLN, calculated fair value 1.99 PLN (+378%), Quality Score 46/100, from 10 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 SFS calculated?
We run Sfinks Polska S.A. through 10 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 1.99 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 14.5 % above its aggregate fair value. Sfinks Polska S.A. currently trades 79 % 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 Sfinks Polska S.A. (SFS)?
The closing price on Oct 2, 2026 was 0.4160 PLN. Our model-based fair value is 1.99 PLN, about +378% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sfinks Polska S.A. right now?
The price is below even our cautious bear case (0.9900 PLN). The market is more pessimistic than our downside scenario. The model range is unusually wide (0.9900 PLN to 2.77 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 (46/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Sfinks Polska S.A.
How large is the market capitalisation of Sfinks Polska S.A. (SFS)?
The market capitalisation of Sfinks Polska S.A. is 15.8M PLN (≈ $4.1M). 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 Sfinks Polska S.A. (SFS)?
The price-to-sales ratio of Sfinks Polska S.A. is 0.39 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sfinks Polska S.A. (SFS)?
Earnings per share at Sfinks Polska S.A. are −0.1600 PLN. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Sfinks Polska S.A. (SFS)?
The net margin of Sfinks Polska S.A. is −15.0% (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 EBIT return on assets of Sfinks Polska S.A. (SFS)?
On an EBIT basis the return on assets of Sfinks Polska S.A. is 3.4% (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 Sfinks Polska S.A. (SFS)?
The operating margin of Sfinks Polska S.A. is 7.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sfinks Polska S.A. (SFS)?
Revenue at Sfinks Polska S.A. is growing −26.0% versus a year earlier (3y avg −21.6%). 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 Sfinks Polska S.A. (SFS)?
Earnings per share at Sfinks Polska S.A. are growing −96.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Sfinks Polska S.A. (SFS) carry?
The net debt of Sfinks Polska S.A. is 88.3M PLN (fiscal year 2025, ≈ 12.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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