Allegro.eu S.A. (ALE) fair value: what the stock is really worth
We calculate from audited financials what Allegro.eu S.A. is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 18, 2026.
How to read this chart
60‑month range 18.37 PLN – 73.90 PLN · fair‑value band 31.15 PLN – 70.70 PLN · the 49.43 PLN price screens below the 54.38 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.
Allegro.eu S.A. operates a commerce platform for consumers in Poland, Czech Republic, Slovakia, Hungary, and internationally. It operates through Allegro, Ceneo, Allegro International, and Other segments.
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Allegro.eu S.A. operates a commerce platform for consumers in Poland, Czech Republic, Slovakia, Hungary, and internationally. It operates through Allegro, Ceneo, Allegro International, and Other segments. The company engages in operating B2C, C2C, and B2B e-commerce platforms comprising online marketplace; and various services, such as consumer lending and logistics services. It also provides multi-category price comparison services allowing the customer to find prices among the different websites and marketplaces. In addition, it operates eBilet, an event ticket sales site. Further, the company operates Allegro. pl, an online marketplace; Ceneo.pl, a price comparison platform. Additionally, the company engages in online marketplace; retail sale via the Internet; advertising; logistic services; online price comparison services; consumer lending to marketplace buyers; online tickets distribution; software and solutions for delivery logistics; and provides payment services to partners. The company was formerly known as Adinan Super Topco S.a r.l. and changed its name to Allegro.eu S.A. in August 2020. The company was incorporated in 2017 and is based in Luxembourg, Luxembourg.
Stock analysis
Allegro.eu S.A. (ALE) currently trades at 49.43 PLN, while our model-based Fair Value estimate is 54.38 PLN, implying the stock looks roughly 9.1% undervalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of 72.29 PLN per share, and 9 of the 26 models we run sit above the 49.43 PLN price.
Bear case: the Asset-Based group reads lowest at 6.71 PLN, and 17 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 31.15 PLN (bear) to 70.70 PLN (bull), the price of 49.43 PLN sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 77/100 (high quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Allegro.eu S.A. reported revenue of 11.5B PLN in FY2025 versus 5.4B PLN in FY2021, a compound +21.0%/yr. Reported net income was 1.5B PLN in FY2025, compounding +8.6%/yr from FY2021.
Key figures
Market cap 50.1B PLN (≈ $13.2B) · P/E ratio 28.1 · P/S ratio 3.72 · EPS (TTM) 1.76 PLN · Dividend yield 13.1% · Net margin 13.2% · Return on equity 17.7% · Return on assets (EBIT) 5.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades near its 52-week high and 94% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 3% fair-value upside, at 10%, ALE screens cheaper than that median.
Fair Value models
Bear 31.15 PLNFair Value 54.38 PLNBull 70.70 PLN
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (1.28 PLN per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+5.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+23.4%
Revenue growth 8 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+27.3%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+32.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+19.6%
Dividend (yield on the price)13.1%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.28% → 19%
2025 sits 141% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+14.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+10.8%
Yearly sales growth analysts expect, extended to five years.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Internet Retail · 107 stocks
Beats the industry median on 10/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score77 · Top 25%
Fair Value upside−28% · Bottom 25%
Profitability
Return on equity (TTM)18% · Top 25%
Return on assets7% · Top 25%
Net margin (TTM)13% · Top 25%
Operating margin (TTM)20% · Top 25%
Growth and dividend
Revenue growth12% · Above median
Dividend yield (TTM)13.1% · Top 25%
Balance sheet
Debt / equity0.49× · Highest 25%
Valuation Multiplesvs Internet Retail median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Allegro.eu S.A. Fair Value". https://www.fairvalue-calculator.com/stock/ALE
Frequently asked questions
Is Allegro.eu S.A. (ALE) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of 54.38 PLN versus a price of 49.43 PLN, about +10% upside (undervalued).
What is the fair value of ALE?
Our model-based fair value for Allegro.eu S.A. is 54.38 PLN (as of Sep 18, 2026), built from audited fundamentals. The current price: 49.43 PLN.
What is the quality score of ALE?
Allegro.eu S.A. has a Quality Score of 77/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Allegro.eu S.A. (ALE)?
Our model-based price target is the fair value of 54.38 PLN (as of Sep 18, 2026) from 26 valuation models. Cautious scenario 31.15 PLN, optimistic scenario 70.70 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Allegro.eu S.A. stock forecast for 2026?
Our models put fair value at 54.38 PLN, about +10% upside versus a price of 49.43 PLN (undervalued). Cautious scenario 31.15 PLN, optimistic scenario 70.70 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Allegro.eu S.A. (ALE)?
Allegro.eu S.A. reported trailing-twelve-month revenue of about 11.9B PLN (latest available figure, as of Sep 18, 2026).
Does Allegro.eu S.A. pay a dividend?
Allegro.eu S.A. currently shows a dividend yield of about 13.08% relative to its recent price (as of Sep 18, 2026).
What growth is priced into Allegro.eu S.A. (ALE)?
For today's price to be fair in a discounted-cash-flow model, Allegro.eu S.A. would have to grow free cash flow by +14.5 % per year for five years (discount rate 9.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +23.4 % per year. As of Sep 18, 2026.
What discount rate (WACC) does the fair value of ALE use?
Our models discount Allegro.eu S.A. at 9.3 %: a base by market capitalisation (large), damped by beta 0.69, country premium for Poland. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Allegro.eu S.A. that is +14.5 % per year a year over ten years, using the same discount rate (9.3 %) and the same formula as our fair value.
How much growth has Allegro.eu S.A. (ALE) delivered so far?
Over the past 5 years revenue at Allegro.eu S.A. grew +23.4 % a year. The price currently implies +14.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Allegro.eu S.A. (ALE) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Allegro.eu S.A. (+14.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Allegro.eu S.A. (ALE)?
The free-cash-flow yield on the price is 3.67 %: that much free cash flow Allegro.eu S.A. produces per unit of market value. When it exceeds the discount rate of our models (9.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Allegro.eu S.A. (ALE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Allegro.eu S.A. it is 54.38 PLN per share (as of Sep 18, 2026), against a price of 49.43 PLN. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Allegro.eu S.A. stock overvalued or undervalued in 2026?
As of Sep 18, 2026, ALE trades below its calculated fair value: price 49.43 PLN, fair value 54.38 PLN, a gap of about +10% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ALE?
No. The price is what the market pays today (49.43 PLN); the fair value is what the company's own numbers justify (54.38 PLN). For Allegro.eu S.A. the two are 4.95 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Allegro.eu S.A. worth?
The market values Allegro.eu S.A. at about 50.1B PLN (market capitalisation, as of Sep 18, 2026). Per share that is 49.43 PLN; our models calculate a fair value of 54.38 PLN per share.
What do the bullish and bearish scenarios say about ALE?
Our models span a range for Allegro.eu S.A.: cautious scenario 31.15 PLN, base 54.38 PLN, optimistic 70.70 PLN per share (as of Sep 18, 2026, price 49.43 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ALE?
Allegro.eu S.A. trades at a price-to-earnings ratio of 28.1 (as of Sep 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 54.38 PLN is built from several models across several years. Other multiples: PEG 0.2, P/B 1.1, P/S 0.9, EV/EBITDA 4.1.
What is the PEG ratio of ALE?
The PEG ratio of Allegro.eu S.A. is 0.23 (P/E divided by earnings growth, as of Sep 18, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Allegro.eu S.A. (ALE)?
Balance-sheet figures for Allegro.eu S.A. (as of Sep 18, 2026): return on equity 17.7%, debt of 0.49 per unit of equity. They feed the Quality Score of 77/100, which measures business quality independently of the share price.
How far is ALE from its 52-week high?
Allegro.eu S.A. trades at 49.43 PLN, about 28% below its 52-week high of 38.64 PLN and 94% above the low of 25.53 PLN (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of 54.38 PLN is for.
Which stocks are comparable to Allegro.eu S.A.?
From the same area (Consumer Cyclical) we also value Amazon.com, Inc, Alibaba Group, PDD Holdings, MercadoLibre, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Allegro.eu S.A. stock attractive at the current price?
The data as of Sep 18, 2026: price 49.43 PLN, calculated fair value 54.38 PLN (+10%), Quality Score 77/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ALE calculated?
We run Allegro.eu S.A. through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 54.38 PLN, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 16.1 % above its aggregate fair value. Allegro.eu S.A. currently trades 10 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Allegro.eu S.A. (ALE)?
The closing price on Sep 21, 2026 was 49.43 PLN. Our model-based fair value is 54.38 PLN, about +10% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Allegro.eu S.A. right now?
A fairly wide model range (31.15 PLN to 70.70 PLN) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Allegro.eu S.A.
How large is the market capitalisation of Allegro.eu S.A. (ALE)?
The market capitalisation of Allegro.eu S.A. is 50.1B PLN (≈ $13.2B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Allegro.eu S.A. (ALE)?
The price-to-sales ratio of Allegro.eu S.A. is 3.72 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Allegro.eu S.A. (ALE)?
Earnings per share at Allegro.eu S.A. are 1.76 PLN (price ÷ EPS = P/E 28.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Allegro.eu S.A. (ALE)?
The dividend yield of Allegro.eu S.A. is 13.1%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Allegro.eu S.A. (ALE)?
The net margin of Allegro.eu S.A. is 13.2% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Allegro.eu S.A. (ALE)?
The return on equity (ROE) of Allegro.eu S.A. is 17.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Allegro.eu S.A. (ALE)?
On an EBIT basis the return on assets of Allegro.eu S.A. is 5.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Allegro.eu S.A. (ALE)?
The operating margin of Allegro.eu S.A. is 20.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Allegro.eu S.A. (ALE)?
Revenue at Allegro.eu S.A. is growing +11.7% versus a year earlier (3y avg +8.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Allegro.eu S.A. (ALE)?
Earnings per share at Allegro.eu S.A. are growing +9.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Allegro.eu S.A. (ALE) carry?
The net debt of Allegro.eu S.A. is 2.5B PLN (fiscal year 2025, ≈ 1.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Sep 18, 2026