Ab S.a. stock: fair value
ABE.WAThe fair value of Ab S.a. under our model is $60.68, the price is 43% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Significantly undervaluedIn our model the price counts as cheap below $46.68 and expensive above $86.69 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $68.08 (cash-flow model) and $53.29 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 11.1%. At 12.1% the fair value would be $55.05, at 10.1% it would be $68.83.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (14.4).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 5.6%. Discounted at 11.1% (government bond yield 5.6% plus beta 1.04 times a risk premium of 5.3%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $68.08 per share: free cash flow for the next ten years, each year discounted to today at 11.1%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 11.1%) |
|---|---|---|---|---|
| 2026 | $29.11M | extrapolated at 46.0% | 0.9002 | $26.2M |
| 2027 | $38.98M | extrapolated at 33.9% | 0.8103 | $31.58M |
| 2028 | $48.88M | extrapolated at 25.4% | 0.7294 | $35.65M |
| 2029 | $58.38M | extrapolated at 19.4% | 0.6566 | $38.33M |
| 2030 | $67.3M | extrapolated at 15.3% | 0.5910 | $39.78M |
| 2031 | $75.62M | extrapolated at 12.4% | 0.5320 | $40.23M |
| 2032 | $83.43M | extrapolated at 10.3% | 0.4789 | $39.96M |
| 2033 | $90.85M | extrapolated at 8.9% | 0.4311 | $39.17M |
| 2034 | $98.02M | extrapolated at 7.9% | 0.3881 | $38.04M |
| 2035 | $105.07M | extrapolated at 7.2% | 0.3493 | $36.7M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $365.65M |
| Terminal value: cash flow 2035 × (1 + 5.6%) / (11.1% − 5.6%) | $2.01B |
| Present value of terminal value (× 0.3493) | $700.58M |
| Equity value (sum plus present value of terminal value) | $1.07B |
| Shares (diluted) | 15.66M |
| Value per share (equity value divided by shares) | $68.08 |
| Earnings per share, last twelve months | $3.69 |
| × 14.4 (industry P/E) | $53.29 |
| Fair value (average of both parts) | $60.68 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2024, period end 30 Sep 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = PLN 3.9742)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 6 Mar 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.