Wikana SA (WIK) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Wikana SA PLN 25.25, price PLN 10.10, upside +150.0%, quality 67 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 2.80 PLN – 10.60 PLN · fair‑value band 16.35 PLN – 41.35 PLN · the 10.10 PLN price screens below the 25.25 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Wikana S.A. engages in the real estate development business in Poland. It offers apartments; and provides property management services. The company was formerly known as Masters S.A. and changed its name to Wikana S.A. in March 2009. The company was founded in 1994 and is based in Lublin, Poland.
Stock analysis
Wikana SA (WIK) currently trades at 10.10 PLN, while our model-based Fair Value estimate is 25.25 PLN, implying the stock looks roughly 60.0% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 40.04 PLN per share, and 6 of the 9 models we run sit above the 10.10 PLN price.
Bear case: the Asset-Based group reads lowest at 5.07 PLN, and 3 of the 9 models stay below the price. Evidence for this calculation is high.
Scenario range: 16.35 PLN (bear) to 41.35 PLN (bull), the price of 10.10 PLN sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 67/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Wikana SA reported revenue of 159M PLN in FY2024 versus 71.8M PLN in FY2020, a compound +22.0%/yr. Reported net income was 52.2M PLN in FY2024, compounding +79.0%/yr from FY2020. FY2020 was a trough year, so the rate overstates the trend.
Key figures
Market cap 200M PLN · P/E ratio 20.2 · P/S ratio 6.62 · EPS (TTM) 0.5000 PLN · Dividend yield 4.5% · Net margin 32.8% · Return on equity 10.3% · Return on assets (EBIT) 12.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 58% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 54% fair-value upside, at 150%, WIK screens cheaper than that median.
Fair Value models
Bear 16.35 PLNFair Value 25.25 PLNBull 41.35 PLN
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2024 figures (about 12 months old). Earnings retained since then (0.5000 PLN per share) are deliberately not added.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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+98.9%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+4.8%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+15.6%
Revenue growth 16 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+10.9%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+84.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+80.1%
Dividend (yield on the price)4.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.78% vs 83%, slowing
Profit margin 2019 to 2024 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.13% → 29%
2024 sits 219% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
⚠ Revenue per share shrinking 1.5%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Real Estate - Development · 577 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside+150% · Top 25%
Profitability
Return on equity (TTM)10% · Top 25%
Return on assets4% · Top 25%
Net margin (TTM)24% · Top 25%
Operating margin (TTM)13% · Above median
Growth and dividend
Revenue growth−16% · Below median
Dividend yield (TTM)4.5% · Above median
Balance sheet
Debt / equity0.04× · Lowest 25%
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Wikana SA Fair Value". https://www.fairvalue-calculator.com/stock/WIK
Frequently asked questions
Is Wikana SA (WIK) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 25.25 PLN versus a price of 10.10 PLN, about +150% upside (undervalued).
What is the fair value of WIK?
Our model-based fair value for Wikana SA is 25.25 PLN (as of Sep 24, 2026), built from audited fundamentals. The current price: 10.10 PLN.
What is the quality score of WIK?
Wikana SA has a Quality Score of 67/100. 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 price target for Wikana SA (WIK)?
Our model-based price target is the fair value of 25.25 PLN (as of Sep 24, 2026) from 9 valuation models. Cautious scenario 16.35 PLN, optimistic scenario 41.35 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Wikana SA stock forecast for 2026?
Our models put fair value at 25.25 PLN, about +150% upside versus a price of 10.10 PLN (undervalued). Cautious scenario 16.35 PLN, optimistic scenario 41.35 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Wikana SA (WIK)?
Wikana SA reported trailing-twelve-month revenue of about 66.1M PLN (latest available figure, as of Sep 24, 2026).
Does Wikana SA pay a dividend?
Wikana SA currently shows a dividend yield of about 4.47% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Wikana SA (WIK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wikana SA it is 25.25 PLN per share (as of Sep 24, 2026), against a price of 10.10 PLN. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Wikana SA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, WIK trades below its calculated fair value: price 10.10 PLN, fair value 25.25 PLN, a gap of about +150% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of WIK?
No. The price is what the market pays today (10.10 PLN); the fair value is what the company's own numbers justify (25.25 PLN). For Wikana SA the two are 15.15 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Wikana SA worth?
The market values Wikana SA at about 200M PLN (market capitalisation, as of Sep 24, 2026). Per share that is 10.10 PLN; our models calculate a fair value of 25.25 PLN per share.
What do the bullish and bearish scenarios say about WIK?
Our models span a range for Wikana SA: cautious scenario 16.35 PLN, base 25.25 PLN, optimistic 41.35 PLN per share (as of Sep 24, 2026, price 10.10 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WIK?
Wikana SA trades at a price-to-earnings ratio of 20.2 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 25.25 PLN is built from several models across several years. Other multiples: P/B 1.3, P/S 3.0, EV/EBITDA 11.4.
How solid is the balance sheet of Wikana SA (WIK)?
Balance-sheet figures for Wikana SA (as of Sep 24, 2026): return on equity 10.3%, debt of 0.04 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is WIK from its 52-week high?
Wikana SA trades at 10.10 PLN, about 5% below its 52-week high of 10.60 PLN and 58% above the low of 6.40 PLN (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 25.25 PLN is for.
Which stocks are comparable to Wikana SA?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Wikana SA stock attractive at the current price?
The data as of Sep 24, 2026: price 10.10 PLN, calculated fair value 25.25 PLN (+150%), Quality Score 67/100, from 9 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of WIK calculated?
We run Wikana SA through 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 25.25 PLN, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Wikana SA currently trades 150 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Wikana SA (WIK)?
The closing price on Sep 23, 2026 was 10.10 PLN. Our model-based fair value is 25.25 PLN, about +150% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wikana SA right now?
The price is below even our cautious bear case (16.35 PLN). The market is more pessimistic than our downside scenario. Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (16.35 PLN to 41.35 PLN) leaves room in how you read the outcome. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Wikana SA
How large is the market capitalisation of Wikana SA (WIK)?
The market capitalisation of Wikana SA is 200M PLN. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Wikana SA (WIK)?
The price-to-sales ratio of Wikana SA is 6.62 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Wikana SA (WIK)?
Earnings per share at Wikana SA are 0.5000 PLN (price ÷ EPS = P/E 20.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Wikana SA (WIK)?
The dividend yield of Wikana SA is 4.5% (payout 90.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Wikana SA (WIK)?
The net margin of Wikana SA is 32.8% (fiscal year 2024). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Wikana SA (WIK)?
The return on equity (ROE) of Wikana SA is 10.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Wikana SA (WIK)?
On an EBIT basis the return on assets of Wikana SA is 12.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Wikana SA (WIK)?
The operating margin of Wikana SA is 12.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wikana SA (WIK)?
Revenue at Wikana SA is growing −16.1% versus a year earlier (3y avg +4.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Wikana SA (WIK)?
Earnings per share at Wikana SA are growing −27.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Wikana SA (WIK) generate?
The free cash flow of Wikana SA is −4.5M PLN (fiscal year 2024). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Wikana SA (WIK) carry?
The net debt of Wikana SA is 813K PLN (fiscal year 2024). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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