Murapol stock: fair value
MUR.WAThe fair value of Murapol under our model is $26.75, the price is 63% 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 $22.29 and expensive above $33.44 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $35.34 (cash-flow model) and $18.17 (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 12.2%. At 13.2% the fair value would be $24.39, at 11.2% it would be $29.96.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (14.1).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 5.6%. Discounted at 12.2% (government bond yield 5.6% plus beta 1.24 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 $35.34 per share: free cash flow for the next ten years, each year discounted to today at 12.2%, 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 12.2%) |
|---|---|---|---|---|
| 2026 | $86.45M | extrapolated at 11.0% | 0.8916 | $77.08M |
| 2027 | $94.54M | extrapolated at 9.4% | 0.7949 | $75.15M |
| 2028 | $102.31M | extrapolated at 8.2% | 0.7087 | $72.51M |
| 2029 | $109.9M | extrapolated at 7.4% | 0.6319 | $69.44M |
| 2030 | $117.44M | extrapolated at 6.9% | 0.5633 | $66.16M |
| 2031 | $125.04M | extrapolated at 6.5% | 0.5023 | $62.8M |
| 2032 | $132.79M | extrapolated at 6.2% | 0.4478 | $59.47M |
| 2033 | $140.77M | extrapolated at 6.0% | 0.3992 | $56.2M |
| 2034 | $149.04M | extrapolated at 5.9% | 0.3560 | $53.05M |
| 2035 | $157.65M | extrapolated at 5.8% | 0.3174 | $50.03M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $641.9M |
| Terminal value: cash flow 2035 × (1 + 5.6%) / (12.2% − 5.6%) | $2.52B |
| Present value of terminal value (× 0.3174) | $799.99M |
| Equity value (sum plus present value of terminal value) | $1.44B |
| Shares (diluted) | 40.80M |
| Value per share (equity value divided by shares) | $35.34 |
| Earnings per share, last twelve months | $1.29 |
| × 14.1 (industry P/E) | $18.17 |
| Fair value (average of both parts) | $26.75 |
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, published since 7 Nov 2026 (in the score history since 28 Oct 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.