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Wasko S.A (WAS) Fair Value & Analysis

Communication Services · PL · Market cap 564M PLN

WS Wasko S.A WAS · WAR
Price5.70 PLN
Fair Value11.35 PLN
Upside+99.1%
Quality71/100
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Healthy Growth
Thin margins · 9.9% net margin
Low debt · generates free cash flow
Ranks above peers (11/13)
Moderate moat 56/100
Evidence: High Range 8.46 PLN – 14.03 PLN Share as image

Fair value as of: Jul 16, 2026

From 24 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from 11.56 PLN to 11.35 PLN (−1.8%) since Jun 24, 2026. Share price −8.4% over the past month.

A solid business, screening 99% undervalued on our models.

What matters now

  • The rarer combination: high quality (71/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (8.46 PLN). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

8.88 PLN 1.29 PLN Fair Value 11.35 PLN Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 1.29 PLN – 8.88 PLN · fair‑value band 8.46 PLN – 14.03 PLN · the 5.70 PLN price screens below the 11.35 PLN fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Wasko S.A (WAS) currently trades at 5.70 PLN, while our model-based Fair Value estimate is 11.35 PLN, implying the stock looks roughly 99.1% undervalued today. The Quality Score stands at 71/100 (solid quality), in the Communication Services 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, Wasko S.A generated revenue of 604M PLN at a net margin of 9.9%. Revenue grew 5.1% year over year. It earns a return on equity of 21.6%. The balance sheet holds a net cash position of 113M PLN. Fundamentals as of Jul 16, 2026

Our scenario range runs from 8.46 PLN (bear case) to 14.03 PLN (bull case); at 5.70 PLN, 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 about 39% below its 52-week high and 249% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 32% fair-value upside, at 99%, WAS 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 7.60 PLN 9.98 PLN 13.05 PLN 80
Residual Income 3.24 PLN 4.25 PLN 10.91 PLN 76
Rev-Margin DCF 7.80 PLN 11.40 PLN 15.68 PLN 74
All 24 models by family
DCF Models
FCF DCF 7.59 PLN 10.40 PLN 14.29 PLN 38
Owner Earnings 6.21 PLN 8.33 PLN 11.26 PLN 31
5Y Revenue Exit 7.80 PLN 11.41 PLN 16.08 PLN 39
5Y EBITDA Exit 8.29 PLN 12.36 PLN 17.17 PLN 41
5Y P/E Exit 9.25 PLN 14.19 PLN 19.49 PLN 38
10Y Revenue Exit 7.48 PLN 10.60 PLN 14.90 PLN 36
10Y EBITDA Exit 7.94 PLN 11.21 PLN 15.68 PLN 37
10Y P/E Exit 8.50 PLN 12.38 PLN 17.33 PLN 35
Earnings-Based
Graham-Dodd 3.85 PLN 13.55 PLN 18.23 PLN 54
Lynch FV 3.16 PLN 4.52 PLN 5.88 PLN 50
PEG = 1.0 3.16 PLN 4.52 PLN 5.88 PLN 46
EPV 6.13 PLN 6.70 PLN 7.17 PLN 59
Multiples
P/E Multiple 9.35 PLN 12.46 PLN 15.58 PLN 63
P/S Multiple 7.22 PLN 9.63 PLN 12.04 PLN 58
P/B Multiple 7.22 PLN 9.63 PLN 12.04 PLN 55
EV/EBIT 10.20 PLN 12.94 PLN 15.68 PLN 53
EV/EBITDA 9.57 PLN 12.10 PLN 14.63 PLN 54
EV/Revenue 8.21 PLN 10.88 PLN 13.55 PLN 43
Asset-Based
NCAV (Graham) 1.62 PLN 2.17 PLN 3.24 PLN 50
Growth DCF
Growth DCF 7.60 PLN 9.98 PLN 13.05 PLN 80
Rev-Margin DCF 7.80 PLN 11.40 PLN 15.68 PLN 74
Economic Profit
Residual Income 3.24 PLN 4.25 PLN 10.91 PLN 76
ROIC Compounder 6.38 PLN 7.26 PLN 8.18 PLN 72
Growth Earnings
Growth-Adj P/E 8.03 PLN 11.47 PLN 14.92 PLN 68

Widest divergence: Growth Earnings (11.47 PLN) versus Asset-Based (2.17 PLN). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 604M PLN
Revenue growth (YoY) +5.1%
Net margin 9.9%
Return on equity 21.6%
Free cash flow 52.8M PLN FY2025
P/E ratio 10.2
More key figures
Operating margin 7.3%
EPS (TTM) 0.6200 PLN
EPS growth (YoY) +579%
Net cash 113M PLN FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 71/100

Of which business quality 70 · Market factors (momentum, volatility) 64

Profitability 59
Margins and returns on capital today
Quality Growth 81
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 96
Balance sheet, leverage, solvency risk
Investment 78
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 67
Price trend over the last 3–12 months (market factor)
52W Momentum 77
Distance to the 52-week high (market factor)
Net Issuance 53
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

Wasko S.A. designs, implements, and integrats software, information systems, and advanced industrial automation. It offers gas and fire detection, intelligent monitoring, perimeter security, and traffic dispatch support systems; and industrial facility management, notifications and issues automation, photovoltaic farm management, gas-collector, energy …

Full company description

Wasko S.A. designs, implements, and integrats software, information systems, and advanced industrial automation. It offers gas and fire detection, intelligent monitoring, perimeter security, and traffic dispatch support systems; and industrial facility management, notifications and issues automation, photovoltaic farm management, gas-collector, energy storage, gas planning and procurement process support, automation of business task and process, reverse vending machines, business process management, electronic document management, and business process automation services. The company also provides tunnel simulators, tunnel operator trainer, intelligent transport system, and protection of crossroads and inner parking lots; railway automatic depot management systems locomotive and railway wagon fleet, and linear investment management; police work and uniformed support, and emergency medical; and traffic dispatch support system services. It offers WASKO BSS and WASKO OSS, a platform that supports telecommunication operators and service provider; NEDAPS TELCO, an orchestration of the telecommunications environment; NEDAPS SEC, a cybersecurity platform for IT environment protection; NEDAPS SEC " AI Assistant, an AI assistant for IT security; NEDAPS SEC " Automation Center, an automated cybersecurity management and control IT risk; OpenEye eADMIN that manages IT infrastructure; KOBAT-SAD, a telecommunications traffic analysis system; KOBAT-Kolektor, a data mediation and collection for settlements; and mtde, a mass storage emulator. The company also provides information, and integration of information systems; telecommunication networks, investment support, and radiocommunication infrastructure; OT security, IT cybersecurity, and IT audit; packback cloud, data center, and virtualization of environments; and outsourcing IT, print optimization, field service, service desk, and commercial advice. The company was founded in 1988 and is headquartered in Gliwice, Poland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Wasko S.A reported revenue of 596M PLN in FY2025 versus 502M PLN in FY2021, a compound +4.4%/yr. Reported net income was 51.7M PLN in FY2025, compounding +34.2%/yr from FY2021.

Growth Quality 75/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
596M PLN
Latest YoY
+14.0%
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.
+1.8%
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.
+5.4%
Avg. growth/yr (17Y) 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.
+2.3%
Revenue +4.4%/yr
FY21 502M PLN
FY22 566M PLN
FY23 534M PLN
FY24 523M PLN
FY25 596M PLN
Net income +34.2%/yr
FY21 15.9M PLN
FY22 6.4M PLN
FY23 −897K PLN
FY24 6.9M PLN
FY25 51.7M PLN
Character of growth · EPS growth decomposed (2014-2025) +4.7 % p.a.
Revenue per share +3.4 pp

of which total revenue +3.1 pp · buybacks/dilution +0.3 pp

EBIT margin +0.1 pp
Tax rate −0.3 pp
Residual (interest, one-offs) +1.6 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). "Wasko S.A Fair Value". https://www.fairvalue-calculator.com/stock/WAS

Peer Group

Telecom Services · 250 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 71 · Top 25%
Fair Value upside +99% · Top 25%
Return on equity (TTM) 22% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 10% · Above median
Operating margin (TTM) 7% · Below median
Revenue growth 5% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Telecom Services median · lower = cheaper

P/E (TTM) 9.4× · Cheaper than 75% of peers
P/B 0.51× · Cheaper than 75% of peers
P/S (TTM) 0.25× · Cheaper than 75% of peers
P/FCF 2.9× · 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 29
FUTURE 26 · sector 15
PAST 86 · sector 28
HEALTH 100 · sector 88
DIVIDEND 0 · sector 73

Insider activity: 45/100

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 Telecom Services stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
China Mobile Limited 600941 ¥89.98 ¥109.88 +22%
T-Mobile US, Inc TMUS $187.61 $172.67 -8%
Bharti Airtel Limited BHARTIARTL ₹1,922 ₹941.55 -51%
China Telecom Corporation 601728 ¥6.01 ¥8.36 +39%
América Móvil, S.A. AMXB 23.07 MXN 30.35 MXN +32%
Vodafone Group VODN 259.50 MXN 507.27 MXN +95%
Advanced Info Service Public Company ADVANC 379.00 THB 286.77 THB -24%
Chunghwa Telecom Co 2412 133.50 TWD 100.00 TWD -25%
China Unicom (Hong Kong) Limited 0762 HK$6.50 HK$13.03 +100%
Telefónica, S.A TEFN 75.67 MXN 111.01 MXN +47%

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Frequently asked questions

Is Wasko S.A (WAS) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 11.35 PLN versus a price of 5.70 PLN, about +99% (undervalued).
What is the fair value of WAS?
Our model-based fair value for Wasko S.A is 11.35 PLN (as of Jul 16, 2026), built from audited fundamentals. The current price is 5.70 PLN.
What is the quality score of WAS?
Wasko S.A has a Quality Score of 71/100. 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 Wasko S.A (WAS)?
Wasko S.A reported trailing-twelve-month revenue of about 604M PLN (latest available figure, as of Jul 16, 2026).
What is the net profit margin of WAS?
The net profit margin of Wasko S.A is about 9.9%, meaning it keeps roughly 9.9% 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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