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Fabryka Farb i Lakierów Sniezka SA (SKA) Fair Value & Analysis

Basic Materials · PL · Market cap 1.1B PLN

FF Fabryka Farb i Lakierów Sniezka SA SKA · WAR
Price83.20 PLN
Fair Value96.16 PLN
Upside+15.6%
Quality72/100
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Weak Growth
Thin margins · 9.7% net margin
Low debt · generates free cash flow
6.16% dividend yield
Ranks above peers (11/14)
Moderate moat 58/100
Evidence: High Range 72.12 PLN – 120.20 PLN Share as image

Fair value as of: Jul 11, 2026

From 24 valuation models · updated 30 days ago

Share price −1.0% over the past month.

A solid business, screening 16% undervalued on our models.

What matters now

  • Our model range runs from 72.12 PLN (bear) to 120.20 PLN (bull), base 96.16 PLN. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 72/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

91.25 PLN 47.38 PLN Fair Value 96.16 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 47.38 PLN – 91.25 PLN · fair‑value band 72.12 PLN – 120.20 PLN · the 83.20 PLN price screens below the 96.16 PLN fair value. Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Fabryka Farb i Lakierów Sniezka SA (SKA) currently trades at 83.20 PLN, while our model-based Fair Value estimate is 96.16 PLN, implying the stock looks roughly 15.6% undervalued today. The Quality Score stands at 72/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Fabryka Farb i Lakierów Sniezka SA generated revenue of 765M PLN at a net margin of 9.7%. Revenue declined 4.3% year over year. It earns a return on equity of 18.3%. Net debt stands at 121M PLN. Fundamentals as of Jul 11, 2026

Our scenario range runs from 72.12 PLN (bear case) to 120.20 PLN (bull case); at 83.20 PLN, the current price sits within 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 10% below its 52-week high and 16% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at 16%, SKA screens cheaper 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 81.90 PLN 104.45 PLN 142.23 PLN 80
Residual Income 32.31 PLN 40.60 PLN 82.74 PLN 76
Rev-Margin DCF 62.95 PLN 90.65 PLN 126.69 PLN 74
All 24 models by family
DCF Models
FCF DCF 79.55 PLN 103.12 PLN 146.25 PLN 38
Owner Earnings 51.15 PLN 67.16 PLN 96.45 PLN 31
5Y Revenue Exit 62.95 PLN 88.65 PLN 127.07 PLN 39
5Y EBITDA Exit 70.84 PLN 102.02 PLN 144.53 PLN 41
5Y P/E Exit 64.55 PLN 91.36 PLN 124.51 PLN 38
10Y Revenue Exit 68.08 PLN 90.17 PLN 114.57 PLN 36
10Y EBITDA Exit 73.97 PLN 98.22 PLN 124.92 PLN 37
10Y P/E Exit 70.44 PLN 91.80 PLN 113.05 PLN 35
Earnings-Based
Graham-Dodd 38.47 PLN 63.83 PLN 77.48 PLN 54
EPV 47.60 PLN 55.31 PLN 61.74 PLN 59
Dividend Discount
Gordon GGM 26.23 PLN 31.22 PLN 36.15 PLN 70
DDM Multi-Stage 26.23 PLN 33.25 PLN 40.97 PLN 61
Multiples
P/E Multiple 72.12 PLN 96.16 PLN 120.20 PLN 63
P/S Multiple 68.88 PLN 91.84 PLN 114.79 PLN 58
P/B Multiple 72.12 PLN 96.16 PLN 120.20 PLN 55
EV/EBIT 77.97 PLN 106.95 PLN 135.92 PLN 53
EV/EBITDA 75.93 PLN 104.23 PLN 132.54 PLN 54
EV/Revenue 55.32 PLN 82.87 PLN 110.42 PLN 43
Asset-Based
NCAV (Graham) 16.13 PLN 21.61 PLN 32.25 PLN 50
Growth DCF
Growth DCF 81.90 PLN 104.45 PLN 142.23 PLN 80
Rev-Margin DCF 62.95 PLN 90.65 PLN 126.69 PLN 74
Economic Profit
Residual Income 32.31 PLN 40.60 PLN 82.74 PLN 76
ROIC Compounder 48.19 PLN 57.05 PLN 66.33 PLN 72
Growth Earnings
Growth-Adj P/E 51.38 PLN 73.40 PLN 95.42 PLN 68

Widest divergence: Multiples (96.16 PLN) versus Asset-Based (21.61 PLN). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 765M PLN
Revenue growth (YoY) -4.3%
Net margin 9.7%
Return on equity 18.3%
Free cash flow 133M PLN FY2025
P/E ratio 14.6
More key figures
Operating margin 11.3%
EPS (TTM) 5.91 PLN
EPS growth (YoY) +29.8%
Net debt 121M PLN FY2025

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

Quality Score breakdown

Overall quality 72/100

Of which business quality 71 · Market factors (momentum, volatility) 60

Profitability 71
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 83
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 51
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

Fabryka Farb i Lakierów Sniezka SA engages in the manufacture and sale of decorative paints in Poland, Hungary, Ukraine, Belarus, and internationally. It offers paints for internal walls and facades; products for painting wood and metal; putties for walls and wood; as well as thermal insulation systems for buildings.

Full company description

Fabryka Farb i Lakierów Sniezka SA engages in the manufacture and sale of decorative paints in Poland, Hungary, Ukraine, Belarus, and internationally. It offers paints for internal walls and facades; products for painting wood and metal; putties for walls and wood; as well as thermal insulation systems for buildings. The company is involved in wholesale and retail of construction materials; supply chain management; marketing and sales activities; market analysis and trademarks management; and production and sale of enamels for metal protection and decoration and anti-corrosion systems. The company provides its products under the Magnat, Sniezka, Vidaron, Rafil, and Foveo-Tech brands through wholesalers, construction materials warehouses, DIY markets, retail stores, and e-commerce. Fabryka Farb i Lakierów Sniezka SA was founded in 1984 and is based in Warsaw, Poland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fabryka Farb i Lakierów Sniezka SA reported revenue of 773M PLN in FY2025 versus 795M PLN in FY2021, a compound −0.7%/yr. Reported net income was 71.4M PLN in FY2025, compounding +4.6%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
773M PLN
Latest YoY
−3.2%
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.
−0.8%
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.
−1.2%
Avg. growth/yr (18Y) 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.
+2.8%
Revenue −0.7%/yr
FY21 795M PLN
FY22 792M PLN
FY23 858M PLN
FY24 798M PLN
FY25 773M PLN
Net income +4.6%/yr
FY21 59.7M PLN
FY22 36.7M PLN
FY23 77.6M PLN
FY24 69.4M PLN
FY25 71.4M PLN
Character of growth · EPS growth decomposed (2013-2024) +3.6 % p.a.
Revenue per share +4.3 pp

of which total revenue +4.3 pp · buybacks/dilution +0.0 pp

EBIT margin +1.1 pp
Tax rate −0.6 pp
Residual (interest, one-offs) −1.3 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Fabryka Farb i Lakierów Sniezka SA Fair Value". https://www.fairvalue-calculator.com/stock/SKA

Peer Group

Specialty Chemicals · 673 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 72 · Top 25%
Fair Value upside +16% · Top 25%
Return on equity (TTM) 18% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 10% · Above median
Operating margin (TTM) 11% · Above median
Revenue growth -4% · Below median
Dividend yield (TTM) 6.2% · Top 25%
Debt / equity 0.31× · Higher than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 14.2× · Cheaper than 75% of peers
P/B 0.70× · Cheaper than 75% of peers
P/S (TTM) 0.37× · Cheaper than 75% of peers
P/FCF 2.1× · Pricier than median
EV/EBITDA 2.7× · 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 54 · sector 0
FUTURE 0 · sector 19
PAST 73 · sector 23
HEALTH 84 · sector 95
DIVIDEND 100 · sector 25

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 Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $489.98 $222.03 -55%
Nan Ya Plastics Corporation 1303 181.50 TWD 255.83 TWD +41%
Wanhua Chemical Group 600309 ¥70.04 ¥68.03 -3%
Novozymes A/S NSISB kr 428.20 kr 179.66 -58%
Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Linde India Limited LINDEINDIA ₹7,115 ₹757.93 -89%
Berger Paints India Limited BERGEPAINT ₹493.70 ₹164.29 -67%

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Frequently asked questions

Is Fabryka Farb i Lakierów Sniezka SA (SKA) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of 96.16 PLN versus a price of 83.20 PLN, about +16% (undervalued).
What is the fair value of SKA?
Our model-based fair value for Fabryka Farb i Lakierów Sniezka SA is 96.16 PLN (as of Jul 11, 2026), built from audited fundamentals. The current price is 83.20 PLN.
What is the quality score of SKA?
Fabryka Farb i Lakierów Sniezka SA has a Quality Score of 72/100. 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 Fabryka Farb i Lakierów Sniezka SA (SKA)?
Fabryka Farb i Lakierów Sniezka SA reported trailing-twelve-month revenue of about 765M PLN (latest available figure, as of Jul 11, 2026).
What is the net profit margin of SKA?
The net profit margin of Fabryka Farb i Lakierów Sniezka SA is about 9.7%, meaning it keeps roughly 9.7% 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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