Allegro.eu Valuation

Q: What is the Fair Price of ALE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

ALE (PLN35) is trading below our estimate of [[fair value]] (PLN82.99)

Is ALE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ALE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ALE (PLN35) is trading below our estimate of fair value (PLN82.99)

Significantly Below Fair Value: ALE is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ALE?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for ALE. This is calculated by dividing ALE's market cap by their current preferred multiple.
What is ALE's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	zł36.99b

ALE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	3.8x
Enterprise Value/EBITDA	17.7x
PEG Ratio	2.1x

Price to Earnings Ratio vs Peers

How does ALE's PE Ratio compare to its peers?

The above table shows the PE ratio for ALE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	21.4x
PCO Pepco Group	20.7x	31.4%	zł10.7b
600415 Zhejiang China Commodities City Group	22.3x	20.2%	CN¥60.0b
CCC CCC	32x	28.4%	zł12.2b
CAR Inter Cars	10.5x	14.9%	zł7.3b
ALE Allegro.eu	62x	29.5%	zł37.0b

Price-To-Earnings vs Peers: ALE is expensive based on its Price-To-Earnings Ratio (62x) compared to the peer average (21.4x).

Price to Earnings Ratio vs Industry

How does ALE's PE Ratio compare vs other companies in the Global Multiline Retail Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	7.0%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	7.0%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: ALE is expensive based on its Price-To-Earnings Ratio (62x) compared to the Global Multiline Retail industry average (20.7x).

Price to Earnings Ratio vs Fair Ratio

What is ALE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ALE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	62x
Fair PE Ratio	26x

Price-To-Earnings vs Fair Ratio: ALE is expensive based on its Price-To-Earnings Ratio (62x) compared to the estimated Fair Price-To-Earnings Ratio (26x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ALE forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	zł35.00	zł42.77 +22.2%	9.8%	zł50.00	zł33.30	n/a	18
Oct ’25	zł34.71	zł42.82 +23.4%	10.1%	zł50.00	zł33.30	n/a	18
Sep ’25	zł38.07	zł42.88 +12.6%	10.7%	zł51.00	zł33.30	n/a	18
Aug ’25	zł36.21	zł42.38 +17.0%	10.4%	zł51.00	zł33.30	n/a	18
Jul ’25	zł37.25	zł42.38 +13.8%	10.4%	zł51.00	zł33.30	n/a	18
Jun ’25	zł37.78	zł40.79 +8.0%	11.0%	zł51.00	zł33.30	n/a	18
May ’25	zł34.02	zł39.31 +15.6%	11.0%	zł48.00	zł33.30	n/a	16
Apr ’25	zł33.09	zł38.62 +16.7%	10.1%	zł48.00	zł33.30	n/a	17
Mar ’25	zł31.35	zł38.40 +22.5%	10.3%	zł48.00	zł33.30	n/a	17
Feb ’25	zł30.97	zł38.40 +24.0%	10.3%	zł48.00	zł33.30	n/a	17
Jan ’25	zł33.33	zł38.09 +14.3%	11.5%	zł48.00	zł30.40	n/a	17
Dec ’24	zł29.50	zł37.79 +28.1%	11.5%	zł48.00	zł30.40	n/a	17
Nov ’24	zł30.15	zł38.86 +28.9%	10.4%	zł48.00	zł32.00	n/a	17
Oct ’24	zł32.24	zł37.76 +17.2%	14.1%	zł48.00	zł28.00	zł34.71	17
Sep ’24	zł32.65	zł37.24 +14.0%	14.7%	zł48.00	zł28.50	zł38.07	17
Aug ’24	zł35.78	zł36.92 +3.2%	15.4%	zł48.00	zł28.50	zł36.21	17
Jul ’24	zł32.00	zł36.72 +14.7%	15.6%	zł48.00	zł28.00	zł37.25	17
Jun ’24	zł35.00	zł36.48 +4.2%	15.6%	zł48.00	zł28.00	zł37.78	16
May ’24	zł32.72	zł32.52 -0.6%	18.7%	zł46.00	zł19.00	zł34.02	16
Apr ’24	zł29.31	zł31.66 +8.0%	20.0%	zł46.00	zł19.00	zł33.09	15
Mar ’24	zł28.30	zł31.72 +12.1%	20.1%	zł46.00	zł19.00	zł31.35	15
Feb ’24	zł29.56	zł31.32 +6.0%	20.0%	zł46.00	zł19.00	zł30.97	15
Jan ’24	zł25.13	zł29.82 +18.7%	21.2%	zł46.00	zł19.00	zł33.33	15
Dec ’23	zł23.00	zł29.82 +29.7%	21.2%	zł46.00	zł19.00	zł29.50	15
Nov ’23	zł23.20	zł30.57 +31.8%	22.7%	zł46.00	zł19.00	zł30.15	16
Oct ’23	zł21.55	zł33.35 +54.8%	21.5%	zł47.80	zł23.00	zł32.24	16

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.