Echo Investment stock: fair value
ECH.WAThe fair value of Echo Investment under our model is $1.81, the price is 23% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Modestly undervaluedIn our model the price counts as cheap below $1.29 and expensive above $3.01 (uncertainty high, one part of the fair value is more than twice the other).
The two parts of the fair value come to $2.52 (cash-flow model) and $1.10 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 12.4%. At 13.4% the fair value would be $1.65, at 11.4% it would be $2.03.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (11.5).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 5.6%. Discounted at 12.4% (government bond yield 5.6% plus beta 1.28 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 $2.52 per share: free cash flow for the next ten years, each year discounted to today at 12.4%, 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 12.4%) |
|---|---|---|---|---|
| 2026 | $69.54M | extrapolated at 6.7% | 0.8898 | $61.88M |
| 2027 | $73.97M | extrapolated at 6.4% | 0.7918 | $58.57M |
| 2028 | $78.51M | extrapolated at 6.1% | 0.7045 | $55.31M |
| 2029 | $83.18M | extrapolated at 6.0% | 0.6269 | $52.15M |
| 2030 | $88.04M | extrapolated at 5.8% | 0.5578 | $49.11M |
| 2031 | $93.11M | extrapolated at 5.8% | 0.4964 | $46.22M |
| 2032 | $98.41M | extrapolated at 5.7% | 0.4417 | $43.47M |
| 2033 | $103.98M | extrapolated at 5.7% | 0.3930 | $40.86M |
| 2034 | $109.83M | extrapolated at 5.6% | 0.3497 | $38.41M |
| 2035 | $115.99M | extrapolated at 5.6% | 0.3112 | $36.09M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $482.07M |
| Terminal value: cash flow 2035 × (1 + 5.6%) / (12.4% − 5.6%) | $1.79B |
| Present value of terminal value (× 0.3112) | $558.42M |
| Equity value (sum plus present value of terminal value) | $1.04B |
| Shares (diluted) | 412.69M |
| Value per share (equity value divided by shares) | $2.52 |
| Earnings per share, last twelve months | $0.10 |
| × 11.5 (industry P/E) | $1.10 |
| Fair value (average of both parts) | $1.81 |
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 2025, period end 31 Dec 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 2 Oct 2026)
- Valuation signal Fairly valued 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.