Asseco Poland S.A.

WSE:ACP Stock Report

Market Cap: zł18.1b

Asseco Poland Future Growth

Future criteria checks 2/6

Asseco Poland is forecast to grow earnings and revenue by 9.1% and 6.9% per annum respectively. EPS is expected to grow by 7.3% per annum. Return on equity is forecast to be 13.4% in 3 years.

Key information

9.1%

Earnings growth rate

7.31%

EPS growth rate

Software earnings growth11.2%
Revenue growth rate6.9%
Future return on equity13.44%
Analyst coverage

Low

Last updated12 Aug 2026

Recent future growth updates

Recent updates

Narrative Update • Jun 22

ACP: High Future P/E Assumptions Will Continue To Restrain Share Returns

Analysts have maintained their PLN 131.00 price target for Asseco Poland, noting only minor adjustments to assumptions such as the discount rate, forecast revenue growth, profit margin and future P/E, which largely offset each other in their valuation work. What's in the News for Asseco Poland Asseco Poland S.A. announced an annual dividend of PLN 13.05 per share, with payment scheduled for May 22, 2026.
Analysis Article • Jun 09

Asseco Poland's (WSE:ACP) Solid Earnings Are Supported By Other Strong Factors

Asseco Poland S.A. ( WSE:ACP ) just reported healthy earnings but the stock price didn't move much. Our analysis...
Narrative Update • Jun 04

ACP: Elevated Future P/E Assumptions Will Constrain Prospective Share Price Returns

Analysts have maintained their fair value estimate for Asseco Poland at PLN 131.00. The updated price target is based on slightly revised assumptions for the discount rate, revenue growth, profit margin and future P/E, reflecting a more refined view of the stock's risk and earnings profile.
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.
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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.

Earnings and Revenue Growth Forecasts

WSE:ACP - Analysts future estimates and past financials data (PLN Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202822,3669351,9512,7372
12/31/202721,1358291,8312,5933
12/31/202619,7747779701,6134
3/31/202617,1357181,9952,276N/A
12/31/202516,7806182,5892,881N/A
9/30/202518,3866082,2332,606N/A
6/30/202517,7905682,1072,489N/A
3/31/202514,8144922,1012,426N/A
12/31/202415,0204892,0342,352N/A
9/30/202415,2864852,1062,404N/A
6/30/202415,7104732,1612,468N/A
3/31/202416,8115002,2132,526N/A
12/31/202316,8974832,1472,489N/A
9/30/202317,2744711,7062,102N/A
6/30/202317,6364851,5571,972N/A
3/31/202317,6585031,3591,781N/A
12/31/202217,3705021,4261,849N/A
9/30/202216,9124811,3821,760N/A
6/30/202215,9574741,3281,687N/A
3/31/202215,2074731,5491,886N/A
12/31/202114,4984681,2951,593N/A
9/30/202113,7774961,3801,662N/A
6/30/202113,2134671,3891,676N/A
3/31/202112,6124221,4261,713N/A
12/31/202012,1934021,6471,961N/A
9/30/202011,6473511,5211,830N/A
6/30/202011,4473391,4881,822N/A
3/31/202011,1363241,1971,533N/A
12/31/201910,667322N/A1,501N/A
9/30/201910,380336N/A1,310N/A
6/30/20199,860336N/A1,104N/A
3/31/20199,632344N/A1,159N/A
12/31/20189,329333N/A1,001N/A
9/30/20189,104303N/A908N/A
6/30/20188,127511N/A761N/A
3/31/20187,910475N/A733N/A
12/31/20177,829467N/A691N/A
9/30/20177,663475N/A609N/A
6/30/20178,323272N/A862N/A
3/31/20178,156297N/A774N/A
12/31/20167,932301N/A883N/A
9/30/20167,869350N/A889N/A
6/30/20167,722370N/A828N/A
3/31/20167,509353N/A851N/A
12/31/20157,256365N/A846N/A
9/30/20156,893329N/A785N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ACP's forecast earnings growth (9.1% per year) is above the savings rate (5.5%).

Earnings vs Market: ACP's earnings (9.1% per year) are forecast to grow slower than the Polish market (11.3% per year).

High Growth Earnings: ACP's earnings are forecast to grow, but not significantly.

Revenue vs Market: ACP's revenue (6.9% per year) is forecast to grow faster than the Polish market (4.5% per year).

High Growth Revenue: ACP's revenue (6.9% 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 (13.4%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/14 17:43
End of Day Share Price 2026/08/14 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

Analysis Model and Snowflake

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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. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Pawel SzpigielBiuro maklerskie mBanku
Beata Szparaga-WasniewskaBiuro maklerskie mBanku
Witold SamborskiCitigroup Inc