Rainbow Tours stock: fair value
RBW.WAThe fair value of Rainbow Tours under our model is $123.73, 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 $88.38 and expensive above $206.22 (uncertainty high, one part of the fair value is more than twice the other).
The two parts of the fair value come to $177.81 (cash-flow model) and $69.65 (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 11.7%. At 12.7% the fair value would be $110.72, at 10.7% it would be $141.82.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (16.8).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 5.6%. Discounted at 11.7% (government bond yield 5.6% plus beta 1.16 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 $177.81 per share: free cash flow for the next ten years, each year discounted to today at 11.7%, 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 11.7%) |
|---|---|---|---|---|
| 2026 | $110.62M | extrapolated at 26.4% | 0.8950 | $99.01M |
| 2027 | $132.92M | extrapolated at 20.2% | 0.8010 | $106.47M |
| 2028 | $153.88M | extrapolated at 15.8% | 0.7169 | $110.32M |
| 2029 | $173.44M | extrapolated at 12.7% | 0.6417 | $111.29M |
| 2030 | $191.76M | extrapolated at 10.6% | 0.5743 | $110.12M |
| 2031 | $209.14M | extrapolated at 9.1% | 0.5140 | $107.5M |
| 2032 | $225.9M | extrapolated at 8.0% | 0.4600 | $103.92M |
| 2033 | $242.33M | extrapolated at 7.3% | 0.4117 | $99.77M |
| 2034 | $258.72M | extrapolated at 6.8% | 0.3685 | $95.34M |
| 2035 | $275.28M | extrapolated at 6.4% | 0.3298 | $90.79M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $1.03B |
| Terminal value: cash flow 2035 × (1 + 5.6%) / (11.7% − 5.6%) | $4.71B |
| Present value of terminal value (× 0.3298) | $1.55B |
| Equity value (sum plus present value of terminal value) | $2.59B |
| Shares (diluted) | 14.55M |
| Value per share (equity value divided by shares) | $177.81 |
| Earnings per share, last twelve months | $4.14 |
| × 16.8 (industry P/E) | $69.65 |
| Fair value (average of both parts) | $123.73 |
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 7 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.