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TOMA, a.s. (TOMA) Fair Value & Analysis

Industrials · CZ · Market cap 1.9B CZK

TA TOMA, a.s. TOMA · PR
Price1,440 CZK
Fair Value2,880 CZK
Upside+100.0%
Quality52/100
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Mixed Growth
Solidly profitable · 14.5% net margin
Low debt · generates free cash flow
Ranks above peers (9/14)
Narrow moat 41/100
Evidence: High Range 2,160 CZK – 3,600 CZK Share as image

Fair value as of: Jul 27, 2026

From 11 valuation models · updated 15 days ago

Share price +2.9% over the past month.

A solid business, screening 100% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (2,160 CZK). The market is more pessimistic than our downside scenario.
  • Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

1,461 CZK 1,123 CZK Fair Value 2,880 CZK Mar 2021 Jun 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 27, 2026.

How to read this chart

60‑month range 1,123 CZK – 1,461 CZK · fair‑value band 2,160 CZK – 3,600 CZK · the 1,440 CZK price screens below the 2,880 CZK fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 27, 2026.

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Analysis

TOMA, a.s. (TOMA) currently trades at 1,440 CZK, while our model-based Fair Value estimate is 2,880 CZK, implying the stock looks roughly 100.0% undervalued today. The Quality Score stands at 52/100 (solid quality), in the Industrials 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, TOMA, a.s. generated revenue of 1.8B CZK at a net margin of 14.5%. Revenue grew 1.7% year over year. It earns a return on equity of 5.1%. Net debt stands at 104M CZK. Fundamentals as of Jul 27, 2026

Our scenario range runs from 2,160 CZK (bear case) to 3,600 CZK (bull case); at 1,440 CZK, the current price sits below 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 near its 52-week high and 19% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -14% fair-value upside, at 100%, TOMA 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 795.84 CZK 1,186 CZK 1,717 CZK 80
Residual Income 2,949 CZK 2,905 CZK 2,557 CZK 76
Rev-Margin DCF 815.55 CZK 1,327 CZK 1,951 CZK 74
All 11 models by family
DCF Models
Owner Earnings 2,030 CZK 3,128 CZK 4,694 CZK 31
5Y P/E Exit 2,069 CZK 3,787 CZK 5,686 CZK 38
10Y P/E Exit 1,543 CZK 2,825 CZK 4,545 CZK 35
Earnings-Based
Graham-Dodd 1,369 CZK 5,265 CZK 7,135 CZK 54
Lynch FV 1,286 CZK 1,837 CZK 2,388 CZK 50
Multiples
P/E Multiple 3,172 CZK 4,229 CZK 5,286 CZK 63
P/B Multiple 2,568 CZK 3,423 CZK 4,279 CZK 55
Asset-Based
NCAV (Graham) 2,053 CZK 2,751 CZK 4,105 CZK 50
Growth DCF
Growth DCF 795.84 CZK 1,186 CZK 1,717 CZK 80
Rev-Margin DCF 815.55 CZK 1,327 CZK 1,951 CZK 74
Economic Profit
Residual Income 2,949 CZK 2,905 CZK 2,557 CZK 76

Widest divergence: Multiples (3,423 CZK) versus Growth DCF (1,186 CZK). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.8B CZK
Revenue growth (YoY) +1.7%
Net margin 14.5%
Return on equity 5.1%
Free cash flow 104M CZK FY2025
P/E ratio 7.1
More key figures
Operating margin 5.4%
EPS (TTM) 203.04 CZK
EPS growth (YoY) -46.7%
Net debt 104M CZK FY2025

Figures from reported company fundamentals · as of Jul 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 50 · Market factors (momentum, volatility) 67

Profitability 32
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 63
Balance sheet, leverage, solvency risk
Investment 66
Disciplined investing over empire-building
Low Volatility 93
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 72
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

TOMA, a.s. engages in the property rental, financial services, energy sales, waste processing and disposal, and other businesses in the Czech Republic. The company operates a wastewater treatment plant; and offers sewer cleaning, financial leasing, and hydro analytical laboratory services.

Full company description

TOMA, a.s. engages in the property rental, financial services, energy sales, waste processing and disposal, and other businesses in the Czech Republic. The company operates a wastewater treatment plant; and offers sewer cleaning, financial leasing, and hydro analytical laboratory services. It is also involved in the administration of roads in the industrial area, the rental of residential and non-residential premises, the disposal of hazardous liquid waste, and the operation of a railway siding. The company was founded in 1991 and is based in Otrokovice, the Czech Republic.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

TOMA, a.s. reported revenue of 1.8B CZK in FY2025 versus 1.2B CZK in FY2021, a compound +11.1%/yr. Reported net income was 268M CZK in FY2025, compounding +2.7%/yr from FY2021.

Growth Quality 64/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.8B CZK
Latest YoY
+5.0%
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.
+7.8%
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.
+6.9%
Avg. growth/yr (6Y) 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.
+13.4%
Revenue +11.1%/yr
FY21 1.2B CZK
FY22 1.5B CZK
FY23 1.3B CZK
FY24 1.8B CZK
FY25 1.8B CZK
Net income +2.7%/yr
FY21 241M CZK
FY22 85.4M CZK
FY23 335M CZK
FY24 312M CZK
FY25 268M CZK

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Cite: Fair Value Calculator (2026). "TOMA, a.s. Fair Value". https://www.fairvalue-calculator.com/stock/TOMA

Peer Group

Conglomerates · 369 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 52 · Above median
Fair Value upside +100% · Top 25%
Return on equity (TTM) 5% · Above median
Return on assets 1% · Below median
Net margin (TTM) 15% · Top 25%
Operating margin (TTM) 5% · Below median
Revenue growth 2% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.06× · Lower than median

Valuation Multiples vs Conglomerates median · lower = cheaper

P/E (TTM) 7.1× · Cheaper than 75% of peers
P/B 0.35× · Cheaper than median
P/S (TTM) 1.04× · Pricier than median
P/FCF 0.9× · Cheaper than median
EV/EBITDA 6.4× · Cheaper than median

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 100 · sector 20
FUTURE 9 · sector 16
PAST 20 · sector 20
HEALTH 97 · sector 88
DIVIDEND 0 · sector 39

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.

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Frequently asked questions

Is TOMA, a.s. (TOMA) overvalued or undervalued?
As of Jul 27, 2026, our model estimates a fair value of 2,880 CZK versus a price of 1,440 CZK, about +100% (undervalued).
What is the fair value of TOMA?
Our model-based fair value for TOMA, a.s. is 2,880 CZK (as of Jul 27, 2026), built from audited fundamentals. The current price is 1,440 CZK.
What is the quality score of TOMA?
TOMA, a.s. has a Quality Score of 52/100. 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 TOMA, a.s. (TOMA)?
TOMA, a.s. reported trailing-twelve-month revenue of about 1.8B CZK (latest available figure, as of Jul 27, 2026).
What is the net profit margin of TOMA?
The net profit margin of TOMA, a.s. is about 14.5%, meaning it keeps roughly 14.5% 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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