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WHH Fair Value & Analysis

Basic Materials · PL · Market cap 34.9M PLN

W WHH WHH · WAR
Price0.1920 PLN
Fair Value0.0900 PLN
Upside-53.1%
Quality54/100
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Weak Growth
Thin margins · 0.0% net margin
Low debt · generates free cash flow
Mixed vs. peers (5/10)
Narrow moat 40/100
Evidence: Low Range 0.0700 PLN – 0.0900 PLN Share as image

Fair value as of: Jul 10, 2026

From 7 valuation models · updated 31 days ago

Fair value updated Jul 10, 2026, revised from 0.3700 PLN to 0.0900 PLN (−75.7%) since Jun 26, 2026. Share price +7.3% over the past month.

A solid business, but screening 53% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.0900 PLN). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

0.8000 PLN 0.0800 PLN Fair Value 0.0900 PLN Jun 2015 Jun 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 10, 2026.

How to read this chart

60‑month range 0.0800 PLN – 0.8000 PLN · fair‑value band 0.0700 PLN – 0.0900 PLN · the 0.1920 PLN price screens above the 0.0900 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 10, 2026.

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Analysis

WHH (WHH) currently trades at 0.1920 PLN, while our model-based Fair Value estimate is 0.0900 PLN, implying the stock looks roughly 53.1% overvalued today. The Quality Score stands at 54/100 (solid quality), in the Basic Materials 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: low).

Net debt stands at 18.3M PLN. The stock trades on a trailing P/E of 15.2. Fundamentals as of Jul 10, 2026

Our scenario range runs from 0.0700 PLN (bear case) to 0.0900 PLN (bull case); at 0.1920 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 29% below its 52-week high and 26% above its 52-week low. For context, the median of 10 Basic Materials peers we cover trades at -34% fair-value upside, at -53%, WHH 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
Growth DCF 0.2700 PLN 0.3300 PLN 0.4300 PLN 80
Rev-Margin DCF 0.2500 PLN 0.3600 PLN 0.4900 PLN 74
NCAV (Graham) 0.0800 PLN 0.1100 PLN 0.1600 PLN 50
All 7 models by family
DCF Models
FCF DCF 0.2600 PLN 0.3300 PLN 0.4400 PLN 38
5Y Revenue Exit 0.2500 PLN 0.3500 PLN 0.4900 PLN 39
10Y Revenue Exit 0.2500 PLN 0.3200 PLN 0.3900 PLN 36
Multiples
EV/Revenue 0.2600 PLN 0.3700 PLN 0.4800 PLN 43
Asset-Based
NCAV (Graham) 0.0800 PLN 0.1100 PLN 0.1600 PLN 50
Growth DCF
Growth DCF 0.2700 PLN 0.3300 PLN 0.4300 PLN 80
Rev-Margin DCF 0.2500 PLN 0.3600 PLN 0.4900 PLN 74

Widest divergence: Multiples (0.3700 PLN) versus Asset-Based (0.1100 PLN). Highest evidence: Growth DCF (80).

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Key figures & financial health

Return on equity 570%
Free cash flow 6.7M PLN FY2025
P/E ratio 15.2
EPS (TTM) 0.0269 PLN
Net debt 18.3M PLN FY2025

Figures from reported company fundamentals · as of Jul 10, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 52 · Market factors (momentum, volatility) 19

Profitability 13
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 81
Earnings quality: real cash, not paper profit
Fin. Strength 39
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 17
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.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

WHH reported revenue of 37.6M PLN in FY2025 versus 42.9M PLN in FY2021, a compound −3.2%/yr. Reported net income was −3.8M PLN in FY2025.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
37.6M PLN
Latest YoY
−2.4%
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.
−10.7%
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.
−4.5%
Avg. growth/yr (9Y) 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.
−0.2%
Revenue −3.2%/yr
FY21 42.9M PLN
FY22 52.9M PLN
FY23 28.2M PLN
FY24 38.6M PLN
FY25 37.6M PLN
Net income
FY21 914K PLN
FY22 4.8M PLN
FY23 −2.8M PLN
FY24 1.1M PLN
FY25 −3.8M PLN

WHH screens 53% overvalued. Compare with Eagon Holdings →

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Cite: Fair Value Calculator (2026). "WHH Fair Value". https://www.fairvalue-calculator.com/stock/WHH

Peer Group

Industrials · 5338 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Paper & Forest Products” was too small, so the broader sector is used.)

Quality Score 54 · Above median
Fair Value upside −53% · Below median
Return on assets 0% · Bottom 25%
Net margin (TTM) 0% · Below median
Operating margin (TTM) 0% · Bottom 25%
Revenue growth 0% · Below median
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Industrials median · lower = cheaper

P/E (TTM) 15.2× · Cheaper than median
P/B 0.32× · Cheaper than 75% of peers
P/FCF 1.4× · 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 0 · sector 5
FUTURE 0 · sector 24
PAST 0 · sector 27
HEALTH 98 · sector 94
DIVIDEND 0 · sector 30

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

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 Paper & Forest Products stocks, each showing price versus our Fair Value estimate (as of Jul 10, 2026).

Stock Price Fair Value vs Fair Value
Eagon Holdings 039020 2,470 KRW 994.47 KRW -60%
BHP Group BHPN 1,425 MXN 942.42 MXN -34%
BASF SE BASF 16,920 HUF 8,965 HUF -47%
UltraTech Cement Limited ULTRACEMCO ₹11,711 ₹4,719 -60%
JSW Steel Limited JSWSTEEL ₹1,227 ₹1,140 -7%
Vale S.A VALE 11,690 ARS 16,644 ARS +42%
POSCO Holdings 005490 313,500 KRW 155,270 KRW -50%
PT Barito Pacific Tbk, BRPT 1,690 IDR 1,628 IDR -4%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Korea Zinc Company 010130 1,043,000 KRW 646,063 KRW -38%

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Frequently asked questions

Is WHH overvalued or undervalued?
As of Jul 10, 2026, our model estimates a fair value of 0.0900 PLN versus a price of 0.1920 PLN, about −53% (overvalued).
What is the fair value of WHH?
Our model-based fair value for WHH is 0.0900 PLN (as of Jul 10, 2026), built from audited fundamentals. The current price is 0.1920 PLN.
What is the quality score of WHH?
WHH has a Quality Score of 54/100. 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 net profit margin of WHH?
The net profit margin of WHH 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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