Asseco South Eastern Europe S.A.

WSE:ASE Stock Report

Market Cap: zł4.0b

Asseco South Eastern Europe Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 Fair Value

What is the Fair Price of ASE 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: ASE (PLN78) is trading below our estimate of future cash flow value (PLN80.77)

Significantly Below Future Cash Flow Value: ASE is trading below future cash flow value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ASE. This is calculated by dividing ASE's market cap by their current earnings.
What is ASE's PE Ratio?
PE Ratio18.9x
Earningszł214.16m
Market Capzł4.05b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ASE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.8x
CMP Comp
24.8x16.89%zł1.9b
SGN Sygnity
19.1xn/azł1.6b
SPR Spyrosoft Spólka Akcyjna
10.8x0.63%zł453.0m
SWM Software Mansion
20.5xn/azł257.9m
ASE Asseco South Eastern Europe
18.9x11.26%zł4.0b

Price-To-Earnings vs Peers: ASE is expensive based on its Price-To-Earnings Ratio (18.9x) compared to the peer average (18.8x).

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 ASE's PE Ratio compare vs other companies in the European IT Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
ASE 18.9xIndustry Avg. 17.8xNo. of Companies28PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ASE is expensive based on its Price-To-Earnings Ratio (18.9x) compared to the European IT industry average (17.8x).

Price to Earnings Ratio vs Fair Ratio

What is ASE'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.

ASE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.9x
Fair PE Ratio22.6x

Price-To-Earnings vs Fair Ratio: ASE is good value based on its Price-To-Earnings Ratio (18.9x) compared to the estimated Fair Price-To-Earnings Ratio (22.6x).

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 ASE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentzł78.00
zł77.65
-0.45%
8.65%zł87.50zł70.00n/a4
Aug ’27zł73.20
zł79.13
+8.11%
9.05%zł87.50zł70.00n/a3
Jul ’27zł60.30
zł74.95
+24.30%
6.60%zł79.90zł70.00n/a2
Jun ’27zł63.70
zł74.95
+17.66%
6.60%zł79.90zł70.00n/a2
May ’27zł60.60
zł74.95
+23.68%
6.60%zł79.90zł70.00n/a2
Apr ’27zł61.90
zł74.95
+21.08%
6.60%zł79.90zł70.00n/a2
Mar ’27zł62.90
zł74.95
+19.16%
6.60%zł79.90zł70.00n/a2
Feb ’27zł74.90
zł74.95
+0.067%
6.60%zł79.90zł70.00n/a2
Jan ’27zł63.00
zł74.95
+18.97%
6.60%zł79.90zł70.00n/a2
Dec ’26zł64.00
zł74.95
+17.11%
6.60%zł79.90zł70.00n/a2
Nov ’26zł66.10
zł74.95
+13.39%
6.60%zł79.90zł70.00n/a2
Oct ’26zł67.40
zł74.95
+11.20%
6.60%zł79.90zł70.00n/a2
Sep ’26zł64.10
zł64.00
-0.16%
9.38%zł70.00zł58.00n/a2
Aug ’26zł76.80
zł64.00
-16.67%
9.38%zł70.00zł58.00zł73.202
Jul ’26zł81.50
zł64.00
-21.47%
9.38%zł70.00zł58.00zł60.302
Jun ’26zł70.60
zł59.00
-16.43%
1.69%zł60.00zł58.00zł63.702
May ’26zł60.20
zł59.00
-1.99%
1.69%zł60.00zł58.00zł60.602
Apr ’26zł60.00
zł59.00
-1.67%
1.69%zł60.00zł58.00zł61.902
Mar ’26zł51.60
zł55.00
+6.59%
5.45%zł58.00zł52.00zł62.902
Feb ’26zł48.00
zł55.00
+14.58%
5.45%zł58.00zł52.00zł74.902
Jan ’26zł49.00
zł55.00
+12.24%
5.45%zł58.00zł52.00zł63.002
Dec ’25zł48.70
zł55.00
+12.94%
4.45%zł58.00zł52.00zł64.003
Nov ’25zł49.90
zł55.00
+10.22%
1.48%zł56.00zł54.00zł66.103
Oct ’25zł49.20
zł55.00
+11.79%
1.48%zł56.00zł54.00zł67.403
Sep ’25zł50.60
zł55.00
+8.70%
1.48%zł56.00zł54.00zł64.103
Aug ’25zł48.60
zł55.00
+13.17%
1.48%zł56.00zł54.00zł76.803
zł77.65
Fair Value
0.5% overvalued intrinsic discount
4
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/18 05:51
End of Day Share Price 2026/08/18 00:00
Earnings2026/06/30
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

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 South Eastern Europe S.A. is covered by 9 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
Kamil KliszczBiuro maklerskie mBanku
Pawel SzpigielBiuro maklerskie mBanku
Beata Szparaga-WasniewskaBiuro maklerskie mBanku