Mennica Polska stock: fair value
MNC.WAThe fair value of Mennica Polska under our model is $37.18, the price is 74% 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 $26.56 and expensive above $61.97 (uncertainty high, one part of the fair value is more than twice the other).
The two parts of the fair value come to $58.02 (cash-flow model) and $16.35 (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 12%. At 13% the fair value would be $32.98, at 11% it would be $42.95.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (18.4).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 5.6%. Discounted at 12.0% (government bond yield 5.6% plus beta 1.21 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 $58.02 per share: free cash flow for the next ten years, each year discounted to today at 12.0%, 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 12.0%) |
|---|---|---|---|---|
| 2026 | $102.85M | extrapolated at 41.5% | 0.8926 | $91.81M |
| 2027 | $134.45M | extrapolated at 30.7% | 0.7968 | $107.13M |
| 2028 | $165.61M | extrapolated at 23.2% | 0.7113 | $117.8M |
| 2029 | $195.24M | extrapolated at 17.9% | 0.6349 | $123.96M |
| 2030 | $222.95M | extrapolated at 14.2% | 0.5668 | $126.36M |
| 2031 | $248.81M | extrapolated at 11.6% | 0.5059 | $125.88M |
| 2032 | $273.17M | extrapolated at 9.8% | 0.4516 | $123.37M |
| 2033 | $296.45M | extrapolated at 8.5% | 0.4031 | $119.51M |
| 2034 | $319.07M | extrapolated at 7.6% | 0.3599 | $114.82M |
| 2035 | $341.44M | extrapolated at 7.0% | 0.3212 | $109.68M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $1.16B |
| Terminal value: cash flow 2035 × (1 + 5.6%) / (12.0% − 5.6%) | $5.57B |
| Present value of terminal value (× 0.3212) | $1.79B |
| Equity value (sum plus present value of terminal value) | $2.95B |
| Shares (diluted) | 50.86M |
| Value per share (equity value divided by shares) | $58.02 |
| Earnings per share, last twelve months | $0.89 |
| × 18.4 (industry P/E) | $16.35 |
| Fair value (average of both parts) | $37.18 |
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 Strong since 13 Nov 2026, previously Neutral
- 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.