Asseco Poland S.A.

WSE:ACP Stock Report

Market Cap: zł12.2b

Asseco Poland Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: ACP (PLN178.4) is trading below our estimate of future cash flow value (PLN341.74)

Significantly Below Future Cash Flow Value: ACP is trading below future cash flow value by more than 20%.

Key Valuation Metric

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

Key metric: As ACP is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ACP. This is calculated by dividing ACP's market cap by their current earnings.
What is ACP's PE Ratio?
PE Ratio20x
Earningszł607.80m
Market Capzł12.17b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ACP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20x
ABS Asseco Business Solutions
21.3xn/azł2.6b
WAS Wasko
22.3xn/azł369.3m
XPL Xplus
24.4xn/azł171.3m
LSI LSI Software
12.1xn/azł111.5m
ACP Asseco Poland
20x10.14%zł12.2b

Price-To-Earnings vs Peers: ACP is good value based on its Price-To-Earnings Ratio (20x) compared to the peer average (20x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does ACP's PE Ratio compare vs other companies in the PL Software Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
PNT Pointpack
2.6xn/aUS$3.93m
No more companies available in this PE range
ACP 20.0xIndustry Avg. 22.3xNo. of Companies3PE01632486480+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ACP is good value based on its Price-To-Earnings Ratio (20x) compared to the Polish Software industry average (22.3x).

Price to Earnings Ratio vs Fair Ratio

What is ACP'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.

ACP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20x
Fair PE Ratio26.2x

Price-To-Earnings vs Fair Ratio: ACP is good value based on its Price-To-Earnings Ratio (20x) compared to the estimated Fair Price-To-Earnings Ratio (26.2x).

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 ACP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentzł178.40
zł158.66
-11.07%
11.98%zł181.50zł131.00n/a5
Feb ’27zł216.60
zł142.12
-34.38%
22.48%zł181.50zł89.12n/a5
Jan ’27zł228.40
zł142.82
-37.47%
22.98%zł185.00zł89.12n/a5
Dec ’26zł195.40
zł142.82
-26.91%
22.99%zł185.00zł89.10n/a5
Nov ’26zł214.80
zł127.02
-40.86%
26.24%zł185.00zł89.12n/a5
Oct ’26zł212.00
zł127.02
-40.08%
26.24%zł185.00zł89.12n/a5
Sep ’26zł184.10
zł126.92
-31.06%
26.25%zł185.00zł89.12n/a5
Aug ’26zł201.80
zł105.46
-47.74%
13.33%zł130.00zł89.12n/a5
Jul ’26zł205.20
zł105.46
-48.60%
13.33%zł130.00zł89.12n/a5
Jun ’26zł183.60
zł102.06
-44.41%
8.59%zł113.00zł89.12n/a5
May ’26zł155.60
zł100.06
-35.69%
7.82%zł113.00zł89.12n/a5
Apr ’26zł162.50
zł100.06
-38.42%
7.82%zł113.00zł89.12n/a5
Mar ’26zł138.80
zł100.06
-27.91%
7.82%zł113.00zł89.12n/a5
Feb ’26zł118.30
zł96.26
-18.63%
4.72%zł102.00zł89.12zł216.605
Jan ’26zł96.20
zł96.26
+0.067%
4.72%zł102.00zł89.12zł228.405
Dec ’25zł90.75
zł96.38
+6.21%
4.71%zł102.00zł89.12zł195.405
Nov ’25zł90.10
zł96.28
+6.86%
4.98%zł102.50zł89.12zł214.805
Oct ’25zł85.80
zł96.38
+12.34%
5.11%zł103.00zł89.12zł212.005
Sep ’25zł90.30
zł91.78
+1.64%
6.60%zł103.00zł86.00zł184.105
Aug ’25zł84.10
zł91.78
+9.14%
6.60%zł103.00zł86.00zł201.805
Jul ’25zł80.45
zł91.15
+13.30%
6.26%zł103.00zł86.00zł205.206
Jun ’25zł82.65
zł91.15
+10.29%
6.26%zł103.00zł86.00zł183.606
May ’25zł80.00
zł88.95
+11.19%
7.44%zł103.00zł82.60zł155.606
Apr ’25zł77.50
zł88.95
+14.78%
7.44%zł103.00zł82.60zł162.506
Mar ’25zł75.25
zł88.95
+18.21%
7.44%zł103.00zł82.60zł138.806
Feb ’25zł72.95
zł88.95
+21.94%
7.44%zł103.00zł82.60zł118.306
zł158.66
Fair Value
12.4% overvalued intrinsic discount
5
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/02/16 02:35
End of Day Share Price 2026/02/13 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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 14 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.

AnalystInstitution
Kamil KliszczBiuro maklerskie mBanku
Beata Szparaga-WasniewskaBiuro maklerskie mBanku
Pawel SzpigielBiuro maklerskie mBanku