Asseco Poland Future Growth
Future criteria checks 2/6
Asseco Poland is forecast to grow earnings and revenue by 9.3% and 7.6% per annum respectively. EPS is expected to grow by 3.1% per annum. Return on equity is forecast to be 13.2% in 3 years.
Key information
9.3%
Earnings growth rate
3.05%
EPS growth rate
| Software earnings growth | 15.6% |
| Revenue growth rate | 7.6% |
| Future return on equity | 13.20% |
| Analyst coverage | Low |
| Last updated | 25 Apr 2026 |
Recent future growth updates
Recent updates
Narrative Update • May 04
ACP: Cautious Outlook Suggests Execution Risks Will Sustain Rich Future P/E
Analysts have trimmed their price target on Asseco Poland to PLN 157.22, citing slightly more cautious assumptions on revenue growth and discount rate, partly reflected in a recent downgrade in Street research sentiment. Analyst Commentary Bullish Takeaways Bullish analysts see the trimmed PLN 157.22 target as still implying room for upside against recent trading levels.Narrative Update • Apr 19
ACP: Downgrade And Execution Risks Will Pressure Rich Future P/E
Analysts have adjusted their price outlook on Asseco Poland to PLN 157.22. This reflects updated assumptions for the discount rate and forward P/E, as well as a more cautious stance highlighted by recent Street research downgrades.Narrative Update • Apr 05
ACP: Downgrade And Higher Required Return Will Pressure Rich Future P/E
Analysts have raised their fair value estimate for Asseco Poland from PLN 142.12 to PLN 157.22, citing updated assumptions for revenue growth, profit margins and future P/E, even as some recent research has taken a more cautious view on the shares. Analyst Commentary Bullish Takeaways Bullish analysts point to the higher fair value estimate of PLN 157.22 as support for a more upbeat view on long term earnings potential, even with differing opinions on the shares.
Narrative Update • Mar 21
ACP: Heightened Execution Risks Will Restrain Future Upside Potential
Analysts have reset their PLN fair value estimate for Asseco Poland to PLN 131.00, reflecting a slightly higher implied discount rate and modest tweaks to revenue growth, profit margin and future P/E assumptions after more cautious research commentary, including a recent downgrade. Analyst Commentary Bearish analysts have turned more cautious on Asseco Poland, with recent research pointing to a less supportive backdrop for the shares and helping reset the PLN 131.00 fair value estimate on more conservative assumptions.Narrative Update • Mar 07
ACP: Cautious Stance On Cash Flow Risks Will Limit Upside Potential
Analysts have left their PLN 131.00 price target for Asseco Poland unchanged, reflecting slightly updated assumptions for discount rate, revenue growth, profit margin and future P/E, while incorporating a more cautious stance highlighted in recent research that includes a downgrade in rating. Analyst Commentary Bearish analysts have turned more cautious on Asseco Poland, pairing the unchanged PLN 131.00 target with a downgrade in rating and more conservative assumptions around growth, profitability and valuation multiples.Narrative Update • Feb 21
ACP: Revised Fair Value Assumptions Will Likely Expose Upside Risk
Analysts have revised their fair value estimate for Asseco Poland to PLN 131.00 from PLN 89.12, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples, even as some recent research, such as Erste Group's downgrade, has turned more cautious. Analyst Commentary Recent research has taken a more cautious tone on Asseco Poland, even as some valuation models point to a higher fair value estimate of PLN 131.00.Narrative Update • Feb 06
ACP: Higher Required Return And Extraordinary Meeting Will Keep Rich P/E Under Pressure
Analysts have trimmed their fair value estimate for Asseco Poland slightly to about PLN 142.12 from PLN 142.82, reflecting updated assumptions around discount rates, revenue growth, profit margins, and future P/E levels. What's in the News Asseco Poland has scheduled a Special or Extraordinary Shareholders Meeting for February 24, 2026, starting at 13:00 Central European Standard Time (Key Developments).Analysis Article • Feb 05
Asseco Poland S.A.'s (WSE:ACP) Business Is Trailing The Market But Its Shares Aren't
When close to half the companies in Poland have price-to-earnings ratios (or "P/E's") below 13x, you may consider...Narrative Update • Jan 22
ACP: Slightly Higher Required Return Will Likely Keep Rich P/E Vulnerable
Analysts have made only a marginal adjustment to their valuation framework for Asseco Poland, keeping the fair value broadly unchanged at about €142.82 per share. This reflects very small tweaks to the discount rate, long term revenue growth, profit margin and future P/E assumptions.Analysis Article • Jan 20
We Like These Underlying Return On Capital Trends At Asseco Poland (WSE:ACP)
What are the early trends we should look for to identify a stock that could multiply in value over the long term...Narrative Update • Jan 08
ACP: Stable Assumptions And High Multiple Will Likely Sustain Overvaluation
Analysts have made a small downward adjustment to their price target for Asseco Poland, now set at approximately zł142.82. This reflects slightly updated assumptions for the discount rate, revenue growth, profit margin and future P/E.Analysis Article • Jan 05
These 4 Measures Indicate That Asseco Poland (WSE:ACP) Is Using Debt Safely
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Narrative Update • Dec 24
ACP: Upcoming Shareholder Meeting Will Likely Expose Overvaluation And Pressure Share Price
Analysts have nudged their price target on Asseco Poland slightly higher to 142.82 PLN, reflecting marginally updated assumptions around discount rates, long term growth, and future earnings multiples, while maintaining a broadly stable fair value outlook. What's in the News Asseco Poland S.A. has scheduled a Special or Extraordinary Shareholders Meeting for November 4, 2025, at 10:00 Central European Standard Time, signaling forthcoming shareholder decisions on strategic or corporate matters (Key Developments).Narrative Update • Dec 10
ACP: Upcoming Shareholder Meeting Will Likely Leave Shares Vulnerable To Downside
Analysts have nudged their price target for Asseco Poland slightly higher, from PLN 140.42 to around PLN 142.82. This reflects modestly improved expectations for profit margins and a marginally lower discount rate, despite a small tempering of long term revenue growth and future valuation multiples.Analysis Article • Dec 08
Shareholders Will Be Pleased With The Quality of Asseco Poland's (WSE:ACP) Earnings
Asseco Poland S.A. ( WSE:ACP ) just reported healthy earnings but the stock price didn't move much. Investors are...Narrative Update • Nov 25
ACP: Reduced Discount Rate Will Not Offset Overvaluation Risk
Analysts have raised their price target for Asseco Poland from PLN 126.92 to PLN 140.42, citing modest improvements in profit margin assumptions, a slightly reduced discount rate, and enhanced revenue growth expectations. What's in the News Asseco Poland S.A. announced a Special/Extraordinary Shareholders Meeting scheduled for November 4, 2025, at 10:00 Central European Standard Time (Key Developments).Analysis Article • Nov 03
Some Confidence Is Lacking In Asseco Poland S.A.'s (WSE:ACP) P/E
With a price-to-earnings (or "P/E") ratio of 25.8x Asseco Poland S.A. ( WSE:ACP ) may be sending very bearish signals...Analysis Article • Oct 19
Is Asseco Poland S.A. (WSE:ACP) Trading At A 25% Discount?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Asseco Poland fair value estimate is zł286 Asseco Poland's...Analysis Article • Oct 02
Is Now The Time To Put Asseco Poland (WSE:ACP) On Your Watchlist?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Sep 14
Asseco Poland (WSE:ACP) Shareholders Will Want The ROCE Trajectory To Continue
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analysis Article • Aug 31
Is Asseco Poland (WSE:ACP) A Risky Investment?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Narrative Update • Aug 11
Overvaluation Risk Will Remain As European And US Markets Expand
The notable increase in Asseco Poland’s consensus price target primarily reflects a substantial upward revision in its future P/E multiple despite unchanged revenue growth forecasts, with fair value raised from PLN105.46 to PLN123.22. What's in the News Asseco Poland has completed the share buyback program announced in June 2023, repurchasing 14,808,872 shares (17.84%) for PLN 1,184.71 million, with no additional shares repurchased in subsequent tranches.New Narrative • Jul 17
Overvaluation Risk Will Remain As European And US Markets Expand
Optimistic growth and margin expectations may overlook one-off gains, integration risks, and structural wage pressures that threaten long-term profitability.Analysis Article • Jul 08
Optimistic Investors Push Asseco Poland S.A. (WSE:ACP) Shares Up 25% But Growth Is Lacking
Despite an already strong run, Asseco Poland S.A. ( WSE:ACP ) shares have been powering on, with a gain of 25% in the...Analysis Article • Jul 04
Are Investors Undervaluing Asseco Poland S.A. (WSE:ACP) By 30%?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Asseco Poland fair value estimate is zł317 Asseco Poland's...Analysis Article • May 23
Does Asseco Poland (WSE:ACP) Deserve A Spot On Your Watchlist?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • May 10
Asseco Poland S.A.'s (WSE:ACP) Shares Climb 25% But Its Business Is Yet to Catch Up
Despite an already strong run, Asseco Poland S.A. ( WSE:ACP ) shares have been powering on, with a gain of 25% in the...Analysis Article • May 03
Asseco Poland (WSE:ACP) Is Increasing Its Dividend To PLN3.94
Asseco Poland S.A. ( WSE:ACP ) has announced that it will be increasing its periodic dividend on the 30th of June to...Analysis Article • Apr 18
Asseco Poland (WSE:ACP) Is Paying Out A Larger Dividend Than Last Year
The board of Asseco Poland S.A. ( WSE:ACP ) has announced that the dividend on 30th of June will be increased to...Analysis Article • Apr 14
Does Asseco Poland (WSE:ACP) Have A Healthy Balance Sheet?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Mar 25
Asseco Poland S.A.'s (WSE:ACP) Intrinsic Value Is Potentially 89% Above Its Share Price
Key Insights Asseco Poland's estimated fair value is zł297 based on 2 Stage Free Cash Flow to Equity Asseco Poland is...Analysis Article • Feb 25
Investors Will Want Asseco Poland's (WSE:ACP) Growth In ROCE To Persist
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...Analysis Article • Feb 07
Asseco Poland S.A. (WSE:ACP) Stock Rockets 27% As Investors Are Less Pessimistic Than Expected
Despite an already strong run, Asseco Poland S.A. ( WSE:ACP ) shares have been powering on, with a gain of 27% in the...Analysis Article • Dec 05
We Think Asseco Poland's (WSE:ACP) Solid Earnings Are Understated
Investors signalled that they were pleased with Asseco Poland S.A.'s ( WSE:ACP ) most recent earnings report. This...Analysis Article • Dec 01
Here's What Analysts Are Forecasting For Asseco Poland S.A. (WSE:ACP) After Its Third-Quarter Results
It's been a good week for Asseco Poland S.A. ( WSE:ACP ) shareholders, because the company has just released its latest...Analysis Article • Nov 07
Asseco Poland S.A.'s (WSE:ACP) Shares May Have Run Too Fast Too Soon
There wouldn't be many who think Asseco Poland S.A.'s ( WSE:ACP ) price-to-earnings (or "P/E") ratio of 12.1x is worth...Analysis Article • Oct 17
Returns Are Gaining Momentum At Asseco Poland (WSE:ACP)
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Sep 23
Asseco Poland (WSE:ACP) Seems To Use Debt Quite Sensibly
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Jun 13
Asseco Poland (WSE:ACP) Has Announced That It Will Be Increasing Its Dividend To PLN3.66
Asseco Poland S.A.'s ( WSE:ACP ) dividend will be increasing from last year's payment of the same period to PLN3.66 on...Analysis Article • May 09
Getting In Cheap On Asseco Poland S.A. (WSE:ACP) Is Unlikely
It's not a stretch to say that Asseco Poland S.A.'s ( WSE:ACP ) price-to-earnings (or "P/E") ratio of 11.7x right now...Analysis Article • Apr 03
There May Be Some Bright Spots In Asseco Poland's (WSE:ACP) Earnings
Soft earnings didn't appear to concern Asseco Poland S.A.'s ( WSE:ACP ) shareholders over the last week. We did some...Analysis Article • Mar 26
Returns on Capital Paint A Bright Future For Asseco Poland (WSE:ACP)
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...Analysis Article • Dec 19
Asseco Poland S.A. (WSE:ACP) Could Be Riskier Than It Looks
It's not a stretch to say that Asseco Poland S.A.'s ( WSE:ACP ) price-to-earnings (or "P/E") ratio of 12.9x right now...Analysis Article • Nov 18
Asseco Poland (WSE:ACP) Seems To Use Debt Rather Sparingly
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Analysis Article • Aug 27
We Like These Underlying Return On Capital Trends At Asseco Poland (WSE:ACP)
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analysis Article • Aug 09
Asseco Poland (WSE:ACP) Seems To Use Debt Quite Sensibly
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Jun 05
Asseco Poland's (WSE:ACP) Shareholders Will Receive A Bigger Dividend Than Last Year
Asseco Poland S.A. ( WSE:ACP ) has announced that it will be increasing its dividend from last year's comparable...Analysis Article • May 19
Asseco Poland (WSE:ACP) Has Announced That It Will Be Increasing Its Dividend To PLN3.50
Asseco Poland S.A.'s ( WSE:ACP ) dividend will be increasing from last year's payment of the same period to PLN3.50 on...Analysis Article • May 05
Asseco Poland (WSE:ACP) Is Increasing Its Dividend To PLN3.50
The board of Asseco Poland S.A. ( WSE:ACP ) has announced that the dividend on 28th of June will be increased to...Analysis Article • May 03
We Think Asseco Poland (WSE:ACP) Can Manage Its Debt With Ease
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2028 | 21,359 | 830 | 1,841 | 2,567 | 2 |
| 12/31/2027 | 20,660 | 768 | 1,712 | 2,476 | 3 |
| 12/31/2026 | 20,407 | 738 | 1,663 | 2,358 | 2 |
| 12/31/2025 | 16,780 | 618 | 2,589 | 2,881 | N/A |
| 9/30/2025 | 18,386 | 608 | 2,233 | 2,606 | N/A |
| 6/30/2025 | 17,790 | 568 | 2,107 | 2,489 | N/A |
| 3/31/2025 | 17,459 | 531 | 2,052 | 2,426 | N/A |
| 12/31/2024 | 15,020 | 489 | 2,034 | 2,352 | N/A |
| 9/30/2024 | 15,286 | 485 | 2,106 | 2,404 | N/A |
| 6/30/2024 | 15,710 | 473 | 2,161 | 2,468 | N/A |
| 3/31/2024 | 16,811 | 500 | 2,213 | 2,526 | N/A |
| 12/31/2023 | 16,897 | 483 | 2,147 | 2,489 | N/A |
| 9/30/2023 | 17,274 | 471 | 1,706 | 2,102 | N/A |
| 6/30/2023 | 17,636 | 485 | 1,557 | 1,972 | N/A |
| 3/31/2023 | 17,658 | 503 | 1,359 | 1,781 | N/A |
| 12/31/2022 | 17,370 | 502 | 1,426 | 1,849 | N/A |
| 9/30/2022 | 16,912 | 481 | 1,382 | 1,760 | N/A |
| 6/30/2022 | 15,957 | 474 | 1,328 | 1,687 | N/A |
| 3/31/2022 | 15,207 | 473 | 1,549 | 1,886 | N/A |
| 12/31/2021 | 14,498 | 468 | 1,295 | 1,593 | N/A |
| 9/30/2021 | 13,777 | 496 | 1,380 | 1,662 | N/A |
| 6/30/2021 | 13,213 | 467 | 1,389 | 1,676 | N/A |
| 3/31/2021 | 12,612 | 422 | 1,426 | 1,713 | N/A |
| 12/31/2020 | 12,193 | 402 | 1,647 | 1,961 | N/A |
| 9/30/2020 | 11,647 | 351 | 1,521 | 1,830 | N/A |
| 6/30/2020 | 11,447 | 339 | 1,488 | 1,822 | N/A |
| 3/31/2020 | 11,136 | 324 | 1,197 | 1,533 | N/A |
| 12/31/2019 | 10,667 | 322 | 1,182 | 1,501 | N/A |
| 9/30/2019 | 10,380 | 336 | N/A | 1,310 | N/A |
| 6/30/2019 | 9,860 | 336 | N/A | 1,104 | N/A |
| 3/31/2019 | 9,632 | 344 | N/A | 1,159 | N/A |
| 12/31/2018 | 9,329 | 333 | N/A | 1,001 | N/A |
| 9/30/2018 | 9,104 | 303 | N/A | 908 | N/A |
| 6/30/2018 | 8,127 | 511 | N/A | 761 | N/A |
| 3/31/2018 | 7,910 | 475 | N/A | 733 | N/A |
| 12/31/2017 | 7,829 | 467 | N/A | 691 | N/A |
| 9/30/2017 | 7,663 | 475 | N/A | 609 | N/A |
| 6/30/2017 | 8,323 | 272 | N/A | 862 | N/A |
| 3/31/2017 | 8,156 | 297 | N/A | 774 | N/A |
| 12/31/2016 | 7,932 | 301 | N/A | 883 | N/A |
| 9/30/2016 | 7,869 | 350 | N/A | 889 | N/A |
| 6/30/2016 | 7,722 | 370 | N/A | 828 | N/A |
| 3/31/2016 | 7,509 | 353 | N/A | 851 | N/A |
| 12/31/2015 | 7,256 | 365 | N/A | 846 | N/A |
| 9/30/2015 | 6,893 | 329 | N/A | 785 | N/A |
| 6/30/2015 | 6,624 | 313 | N/A | 677 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ACP's forecast earnings growth (9.3% per year) is above the savings rate (5.3%).
Earnings vs Market: ACP's earnings (9.3% per year) are forecast to grow slower than the Polish market (14.4% per year).
High Growth Earnings: ACP's earnings are forecast to grow, but not significantly.
Revenue vs Market: ACP's revenue (7.6% per year) is forecast to grow faster than the Polish market (4.8% per year).
High Growth Revenue: ACP's revenue (7.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ACP's Return on Equity is forecast to be low in 3 years time (13.2%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/07 12:35 |
| End of Day Share Price | 2026/05/07 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Asseco Poland S.A. is covered by 13 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Pawel Szpigiel | Biuro maklerskie mBanku |
| Beata Szparaga-Wasniewska | Biuro maklerskie mBanku |
| Witold Samborski | Citigroup Inc |