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Tower Investments SA (TOW) Fair Value & Analysis

Real Estate · PL · Market cap 4.8M PLN

TI Tower Investments SA TOW · WAR
Price1.55 PLN
Fair Value0.6200 PLN
Upside-60.1%
Quality45/100
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Risks

!Trades 150% ABOVE our fair value of 0.6200 PLN
!Weak Growth (revenue 5y −43.6 %/yr)
!Thin margins · 0.0% net margin
!Negative equity (buybacks among others) · negative free cash flow
Weak Growth (revenue 5y −43.6 %/yr)
Thin margins · 0.0% net margin
Negative equity (buybacks among others) · negative free cash flow
Mixed vs. peers (4/10)
Narrow moat 0/100
Evidence: Medium Range 0.4700 PLN – 0.7800 PLN Share as image

Fair value as of: Aug 13, 2026

From 4 valuation models · updated 11 days ago

Share price −11.8% over the past month.

Below-average quality, and trading another 150% above our fair value.

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69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price sits above even our optimistic bull case (0.7800 PLN). The favourable scenario is already priced in.
  • Solid but not exceptional quality (45/100) 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)

25.00 PLN 1.55 PLN Fair Value 0.6200 PLN Jun 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 1.55 PLN – 25.00 PLN · fair‑value band 0.4700 PLN – 0.7800 PLN · the 1.55 PLN price screens above the 0.6200 PLN fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Tower Investments SA (TOW) currently trades at 1.55 PLN, while our model-based Fair Value estimate is 0.6200 PLN, implying the stock looks roughly 60.1% overvalued today. The Quality Score stands at 45/100 (below-average 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: medium).

Trailing-twelve-month revenue stands at 2.9M PLN. Net debt stands at 2.2M PLN. The stock trades on a trailing P/E of 1.0. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.4700 PLN (bear case) to 0.7800 PLN (bull case); at 1.55 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 34% below its 52-week high, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -9% fair-value upside, at -60%, TOW 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
Gordon GGM 4.07 PLN 4.35 PLN 4.76 PLN 70
DDM Multi-Stage 4.07 PLN 4.71 PLN 5.51 PLN 61
P/S Multiple 2.02 PLN 2.69 PLN 3.37 PLN 58
All 4 models by family
Dividend Discount
Gordon GGM 4.07 PLN 4.35 PLN 4.76 PLN 70
DDM Multi-Stage 4.07 PLN 4.71 PLN 5.51 PLN 61
Multiples
P/S Multiple 2.02 PLN 2.69 PLN 3.37 PLN 58
EV/EBITDA 1.33 PLN 1.72 PLN 2.11 PLN 54

Widest divergence: Dividend Discount (4.35 PLN) versus Multiples (1.72 PLN). Highest evidence: Gordon GGM (70).

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Key figures & financial health

P/E ratio 1.0
P/S ratio 1.66 TTM
Return on equity -196% TTM
Return on assets -5.1% TTM
Operating margin -156% TTM
EPS (TTM) 1.57 PLN
More key figures
Growth
Revenue (TTM) 2.9M PLN TTM
Revenue growth (YoY) +119% 3y avg -65.4%
EPS growth (YoY) +57.4%
Balance sheet & cash flow
Free cash flow −102K PLN FY2025
Net debt 2.2M PLN FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 45 · Market factors (momentum, volatility) 20

Profitability 45
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 7
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 5
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 77
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Tower Investments S.A. engages in the real estate development business in Poland. The company develops multifunctional residential and commercial properties. It also develops and owns shopping malls and retail parks under the SHOPIN brand name. The company was founded in 2005 and is based in Warsaw, Poland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tower Investments SA reported revenue of 1.1M PLN in FY2025 versus 50.0M PLN in FY2021, a compound −61.5%/yr. Reported net income was 2.3M PLN in FY2025.

Growth Quality 20/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.1M PLN
Latest YoY
+2.5%
Avg. revenue 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.
−65.4%
Avg. revenue 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.
−43.6%
Avg. revenue growth/yr (10Y) 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.
−8.1%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−15.6% (-15.6 + 0.0)
Revenue −61.5%/yr
FY21 50.0M PLN
FY22 26.6M PLN
FY23 7.8M PLN
FY24 1.1M PLN
FY25 1.1M PLN
Net income
FY21 −482K PLN
FY22 −9.6M PLN
FY23 −15.5M PLN
FY24 −32.7M PLN
FY25 2.3M PLN

TOW screens 60% overvalued. Compare with Sun Hung Kai Properties Limited →

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Cite: Fair Value Calculator (2026). "Tower Investments SA Fair Value". https://www.fairvalue-calculator.com/stock/TOW

Peer Group

Real Estate - Development · 594 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 45 · Below median
Fair Value upside −60% · Bottom 25%
Return on assets -5% · Bottom 25%
Net margin (TTM) 0% · Below median
Operating margin (TTM) -156% · Bottom 25%
Revenue growth 119% · Top 25%

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

P/E (TTM) 1.0× · Cheaper than 75% of peers
P/S (TTM) 0.45× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 45
FUTURE100 · sector 0
PAST0 · sector 10
HEALTH100 · sector 85
DIVIDEND0 · sector 55

VALUE 0: the price sits above our fair-value range.

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

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

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Sun Hung Kai Properties Limited 0016 HK$117.60 HK$113.09 -4%
China Resources Land Limited 1109 HK$35.24 HK$72.16 +105%
CK Asset Holdings 1113 HK$46.42 HK$68.85 +48%
Hongkong Land Holdings H78 $8.42 $1.52 -82%
DLF Limited DLF ₹667.10 ₹170.24 -74%
China Overseas Land & Investment Limited 0688 HK$13.76 HK$22.92 +67%
Macrotech Developers Limited LODHA ₹1,244 ₹583.42 -53%
Sino Land Company 0083 HK$10.33 HK$6.99 -32%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,050 IDR 1,330 IDR -78%
CTP N.V CTPNV €14.36 €13.00 -9%

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Frequently asked questions

Is Tower Investments SA (TOW) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.6200 PLN versus a price of 1.55 PLN, about −60% (overvalued).
What is the fair value of TOW?
Our model-based fair value for Tower Investments SA is 0.6200 PLN (as of Aug 13, 2026), built from audited fundamentals. The current price: 1.55 PLN.
What is the quality score of TOW?
Tower Investments SA has a Quality Score of 45/100. 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 Tower Investments SA (TOW)?
Tower Investments SA reported trailing-twelve-month revenue of about 2.9M PLN (latest available figure, as of Aug 13, 2026).
What is the net profit margin of TOW?
The net profit margin of Tower Investments SA is about 0.0%, meaning it keeps roughly 0.0% 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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