WAWEL SA (WWL) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of WAWEL SA PLN 747, price PLN 706, upside +5.8%, quality 63 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 360.68 PLN – 841.21 PLN · fair‑value band 475.24 PLN – 1,087 PLN · the 706.00 PLN price screens below the 747.22 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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Wawel S.A. produces and sells cocoa, chocolate, and confectionary products in Poland.
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Wawel S.A. produces and sells cocoa, chocolate, and confectionary products in Poland. It offers various chocolate bars, chocolate pastilles, chocolate souffles, chocolate coated candies, chocolate pralines, no added sugar, cocoa powder, fresh and fruity, travel gummies, cream fudge/krówka, baked goods, tofflairs, filled hard caramels, chocolate jellies, and fruits in chocolate as well as other candies. The company sells its products through its outlets and online shop. It also exports its products. Wawel S.A. was founded in 1898 and is headquartered in Kraków, Poland. Wawel S.A. is a subsidiary of Hosta International AG.
Stock analysis
WAWEL SA (WWL) currently trades at 706.00 PLN, while our model-based Fair Value estimate is 747.22 PLN, implying the stock looks roughly 5.5% fairly valued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 1,165 PLN per share, and 13 of the 24 models we run sit above the 706.00 PLN price.
Bear case: the Growth DCF group reads lowest at 275.38 PLN, and 11 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 475.24 PLN (bear) to 1,087 PLN (bull), the price of 706.00 PLN sits inside 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 63/100 (solid quality), in the Consumer Defensive sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
WAWEL SA reported revenue of 739M PLN in FY2025 versus 518M PLN in FY2021, a compound +9.3%/yr. Reported net income was 84.6M PLN in FY2025, compounding +18.3%/yr from FY2021.
Key figures
Market cap 912M PLN (≈ $237M) · P/E ratio 10.2 · P/S ratio 1.16 · EPS (TTM) 69.37 PLN · Dividend yield 5.0% · Net margin 11.4% · Return on equity 11.5% · Return on assets (EBIT) 8.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −43% fair-value upside, at 6%, WWL screens cheaper than that median.
Fair Value models
Bear 475.24 PLNFair Value 747.22 PLNBull 1,087 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 2025 figures (about 9 months old). Earnings retained since then (25.24 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+7.3%
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.
+8.1%
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.
+8.6%
Start year 2020 (pandemic). Over 10 years: +1.6% a year
Revenue growth 20 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.
+6.3%
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What shareholders gained per year (last 5 years) ⓘ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.
+16.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.4%
Dividend (yield on the price)5.0%
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.11% vs 1%, picking up
Profit margin 2020 to 2025 ⓘ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.15% → 13%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+25.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Poland: IMF forecast 3.1% a year to 2030, 4.6% from 2016 to 2025) that is about +21.6% a year for the price.
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.Confectioners · 81 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside+5% · Above median
Profitability
Return on equity (TTM)11% · Top 25%
Return on assets7% · Top 25%
Net margin (TTM)12% · Top 25%
Operating margin (TTM)16% · Top 25%
Growth and dividend
Revenue growth−11% · Below median
Dividend yield (TTM)5.0% · Top 25%
Valuation Multiplesvs Confectioners median · lower = cheaper
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Cite: Fair Value Calculator (2026). "WAWEL SA Fair Value". https://www.fairvalue-calculator.com/stock/WWL
Frequently asked questions
Is WAWEL SA (WWL) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 747.22 PLN versus a price of 706.00 PLN, about +6% upside (fairly valued).
What is the fair value of WWL?
Our model-based fair value for WAWEL SA is 747.22 PLN (as of Sep 24, 2026), built from audited fundamentals. The current price: 706.00 PLN.
What is the quality score of WWL?
WAWEL SA has a Quality Score of 63/100. 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 WAWEL SA (WWL)?
Our model-based price target is the fair value of 747.22 PLN (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 475.24 PLN, optimistic scenario 1,087 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the WAWEL SA stock forecast for 2026?
Our models put fair value at 747.22 PLN, about +6% upside versus a price of 706.00 PLN (fairly valued). Cautious scenario 475.24 PLN, optimistic scenario 1,087 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of WAWEL SA (WWL)?
WAWEL SA reported trailing-twelve-month revenue of about 719M PLN (latest available figure, as of Sep 24, 2026).
Does WAWEL SA pay a dividend?
WAWEL SA currently shows a dividend yield of about 4.96% relative to its recent price (as of Sep 24, 2026).
What growth is priced into WAWEL SA (WWL)?
For today's price to be fair in a discounted-cash-flow model, WAWEL SA would have to grow free cash flow by +25.4 % per year for five years (discount rate 12.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of WWL use?
Our models discount WAWEL SA at 12.1 %: a base by market capitalisation (micro), damped by beta 0.35, country premium for Poland. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For WAWEL SA that is +25.4 % per year a year over ten years, using the same discount rate (12.1 %) and the same formula as our fair value.
How much growth has WAWEL SA (WWL) delivered so far?
Over the past 5 years revenue at WAWEL SA grew +8.6 % a year. The price currently implies +25.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of WAWEL SA (WWL) growing?
The median revenue growth in the sector is +2.9 % a year. That is the yardstick for the growth priced into WAWEL SA (+25.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of WAWEL SA (WWL)?
The free-cash-flow yield on the price is 2.28 %: that much free cash flow WAWEL SA produces per unit of market value. When it exceeds the discount rate of our models (12.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of WAWEL SA (WWL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For WAWEL SA it is 747.22 PLN per share (as of Sep 24, 2026), against a price of 706.00 PLN. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is WAWEL SA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, WWL trades below its calculated fair value: price 706.00 PLN, fair value 747.22 PLN, a gap of about +6% (fairly valued). 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 WWL?
No. The price is what the market pays today (706.00 PLN); the fair value is what the company's own numbers justify (747.22 PLN). For WAWEL SA the two are 41.22 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is WAWEL SA worth?
The market values WAWEL SA at about 912M PLN (market capitalisation, as of Sep 24, 2026). Per share that is 706.00 PLN; our models calculate a fair value of 747.22 PLN per share.
What do the bullish and bearish scenarios say about WWL?
Our models span a range for WAWEL SA: cautious scenario 475.24 PLN, base 747.22 PLN, optimistic 1,087 PLN per share (as of Sep 24, 2026, price 706.00 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WWL?
WAWEL SA trades at a price-to-earnings ratio of 10.2 (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 747.22 PLN is built from several models across several years. Other multiples: P/B 0.3, P/S 0.3, EV/EBITDA 0.9.
How solid is the balance sheet of WAWEL SA (WWL)?
Balance-sheet figures for WAWEL SA (as of Sep 24, 2026): return on equity 11.5%. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is WWL from its 52-week high?
WAWEL SA trades at 706.00 PLN, about 16% below its 52-week high of 841.21 PLN and 11% above the low of 636.64 PLN (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 747.22 PLN is for.
Which stocks are comparable to WAWEL SA?
From the same area (Consumer Defensive) we also value Mondelez International, Inc, The Hershey Company, Chocoladefabriken Lindt & Sprüngli AG, Barry Callebaut AG, 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 WAWEL SA stock attractive at the current price?
The data as of Sep 24, 2026: price 706.00 PLN, calculated fair value 747.22 PLN (+6%), Quality Score 63/100, from 24 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 WWL calculated?
We run WAWEL SA through 24 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 747.22 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 13.2 % above its aggregate fair value. WAWEL SA currently trades 6 % 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 WAWEL SA (WWL)?
The closing price on Sep 24, 2026 was 706.00 PLN. Our model-based fair value is 747.22 PLN, about +6% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with WAWEL SA right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (475.24 PLN to 1,087 PLN) leaves room in how you read the outcome.
Where does the earnings growth of WAWEL SA (WWL) come from?
Earnings per share at WAWEL SA grew +0.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +2.9 %, EBIT margin −3.6 %, tax rate −0.1 %, residual (interest, one-offs) +0.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of WAWEL SA
How large is the market capitalisation of WAWEL SA (WWL)?
The market capitalisation of WAWEL SA is 912M PLN (≈ $237M). 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 WAWEL SA (WWL)?
The price-to-sales ratio of WAWEL SA is 1.16 (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 WAWEL SA (WWL)?
Earnings per share at WAWEL SA are 69.37 PLN (price ÷ EPS = P/E 10.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of WAWEL SA (WWL)?
The dividend yield of WAWEL SA is 5.0% (payout 50.5%). 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 WAWEL SA (WWL)?
The net margin of WAWEL SA is 11.4% (fiscal year 2025). 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 WAWEL SA (WWL)?
The return on equity (ROE) of WAWEL SA is 11.5% (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 WAWEL SA (WWL)?
On an EBIT basis the return on assets of WAWEL SA is 8.2% (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 WAWEL SA (WWL)?
The operating margin of WAWEL SA is 15.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at WAWEL SA (WWL)?
Revenue at WAWEL SA is growing −11.2% versus a year earlier (3y avg +8.1%). 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 WAWEL SA (WWL)?
Earnings per share at WAWEL SA are growing +28.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does WAWEL SA (WWL) hold?
WAWEL SA holds more cash than debt, 126M PLN net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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