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Tatry mountain resorts, a.s., (TMR) Fair Value & Analysis

Consumer Cyclical · CZ · Market cap 4.9B CZK

TM Tatry mountain resorts, a.s., TMR · PR
Price378.00 CZK
Fair Value387.91 CZK
Upside+2.6%
Quality31/100
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Evidence: Medium Range 387.91 CZK – 1,244 CZK

Fair value as of: Jun 24, 2026

From 14 valuation models · updated 8 days ago

Fair value updated Jun 24, 2026 — revised from 387.23 CZK to 387.91 CZK (+0.2%) since Jun 23, 2026. Share price −1.0% over the past month.

Price vs Fair Value (12 months)

550.00 CZK 358.00 CZK Fair Value 387.91 CZK Jun 2025 Jun 2026

12‑month range 358.00 CZK – 550.00 CZK · fair‑value band 387.91 CZK – 1,244 CZK · the 378.00 CZK price screens below the 387.91 CZK fair value. As of Jun 24, 2026.

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Analysis

Tatry mountain resorts, a.s., (TMR) currently trades at 378.00 CZK, while our model-based Fair Value estimate is 387.91 CZK — implying the stock looks roughly 2.6% undervalued today. We read business quality at 31/100 (below-average quality), in the Consumer Cyclical 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: medium) — always confirm before acting.

Over the trailing twelve months, Tatry mountain resorts, a.s., generated revenue of 209M CZK at a net margin of -5.5%. Revenue grew 2.1% year over year. It earns a return on equity of -8.2%. Net debt stands at 250M CZK. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 209M CZK
Revenue growth (YoY) +2.1%
Net margin -5.5%
Return on equity -8.2%
Free cash flow 14.9M CZK FY2025
Operating margin -6.0%
More key figures
EPS (TTM) -21.24 CZK
EPS growth (YoY) +201%
Net debt 250M CZK FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Tatry mountain resorts, a.s., together with its subsidiaries, provides tourism services in Slovakia. It operates through seven segments: Mountains Resorts, Leisure Parks, Golf, Dining, Sports Services and Stores, Hotels, and Real Estate. The Mountains Resorts segment operates mountain resorts, including Jasná Nízke Tatry, Vysoké Tatry " Tatranská Lomnica, Starý Smokovec, "trbské Pleso, Polish Szczyrk mountain resort, the Austrian Alpine resorts of Muttereralm, Mölltaler Gletscher and Ankogel Mallnitz, and the Je"ted Ski resort. The Leisure Parks segment operates Water park Tatralandia, water park Be"enová, and Legendia- Silesian amusement parks. The Golf segment leases and operates golf resorts, such as Golf & Ski Resort Ostravice. The Dining segment operates restaurants, bars, après ski bars, and fast-food joints on and off the slopes of the mountain resorts, in the leisure parks, and golf resorts. The Sports Services and Stores segment operates sports services and stores under …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tatry mountain resorts, a.s., reported revenue of 209M CZK in FY2025 versus 63.5M CZK in FY2021, a compound +34.7%/yr. Reported net income was −11.5M CZK in FY2025.

Revenue +34.7%/yr
FY21 63.5M CZK
FY22 132M CZK
FY23 188M CZK
FY24 207M CZK
FY25 209M CZK
Net income
FY21 −45.7M CZK
FY22 −11.4M CZK
FY23 −497K CZK
FY24 −2.1M CZK
FY25 −11.5M CZK

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Similar stocks

6 more Resorts & Casinos stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
Las Vegas Sands Corp LVS $47.80 $51.31 +7%
Galaxy Entertainment Group GXYEF $3.85 $6.82 +77%
Sands China Ltd SCHYF $1.80 $2.18 +21%
MGM Resorts International, through its subsidiaries, MGM $47.51 $19.19 -60%
Wynn Resorts, Limited WYNN $104.48 $5.26 -95%
MGM China Holdings MCHVF $1.50 $3.29 +119%

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Frequently asked questions

Is Tatry mountain resorts, a.s., (TMR) undervalued?
As of Jun 24, 2026, our model estimates a fair value of 387.91 CZK versus a price of 378.00 CZK — about +3% (undervalued). Model-based estimate, not financial advice.
What is the fair value of TMR?
Our model-based fair value for Tatry mountain resorts, a.s., is 387.91 CZK (as of Jun 24, 2026), built from audited fundamentals. The current price is 378.00 CZK.
What is the quality score of TMR?
Tatry mountain resorts, a.s., has a Quality Score of 31/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Tatry mountain resorts, a.s., (TMR)?
Tatry mountain resorts, a.s., reported trailing-twelve-month revenue of about 209M CZK (latest available figure, as of Jun 24, 2026).
What is the net profit margin of TMR?
The net profit margin of Tatry mountain resorts, a.s., is about -5.5%, meaning it is currently running at a net loss. 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.