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Allegro.eu S.A (ALE) Fair Value & Analysis

Consumer Cyclical · PL · Market cap 40.5B PLN

AE Allegro.eu S.A ALE · WAR
Price46.07 PLN
Fair Value32.94 PLN
Upside-28.5%
Quality78/100
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Healthy Growth
Solidly profitable · 13.2% net margin
Low debt · generates free cash flow
Ranks above peers (9/14)
Moderate moat 64/100
Evidence: High Range 24.71 PLN – 41.18 PLN Share as image

Fair value as of: Jul 14, 2026

From 26 valuation models · updated 24 days ago

Share price +16.9% over the past month.

A strong business, but screening 29% overvalued on our models.

What matters now

  • A high-quality business (quality 78/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (41.18 PLN). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

73.90 PLN 18.37 PLN Fair Value 32.94 PLN Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range 18.37 PLN – 73.90 PLN · fair‑value band 24.71 PLN – 41.18 PLN · the 46.07 PLN price screens above the 32.94 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

Allegro.eu S.A (ALE) currently trades at 46.07 PLN, while our model-based Fair Value estimate is 32.94 PLN, implying the stock looks roughly 28.5% overvalued today. We read business quality at 78/100 (high quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Allegro.eu S.A generated revenue of 11.9B PLN at a net margin of 13.2%. Revenue grew 11.7% year over year. It earns a return on equity of 17.7%. Net debt stands at 2.5B PLN. Fundamentals as of Jul 14, 2026

Our scenario range runs from 24.71 PLN (bear case) to 41.18 PLN (bull case); at 46.07 PLN, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 80% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -49% fair-value upside, at -29%, ALE screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 25.06 PLN 51.39 PLN 101.71 PLN 80
Residual Income 10.00 PLN 12.35 PLN 24.20 PLN 76
Rev-Margin DCF 20.35 PLN 41.85 PLN 73.98 PLN 74
All 26 models by family
DCF Models
FCF DCF 26.41 PLN 45.98 PLN 102.17 PLN 38
Owner Earnings 22.85 PLN 55.11 PLN 122.84 PLN 31
5Y Revenue Exit 20.35 PLN 39.25 PLN 75.99 PLN 39
5Y EBITDA Exit 28.04 PLN 55.90 PLN 106.87 PLN 41
5Y P/E Exit 21.52 PLN 45.81 PLN 76.85 PLN 38
10Y Revenue Exit 21.28 PLN 45.11 PLN 72.91 PLN 36
10Y EBITDA Exit 27.50 PLN 59.72 PLN 118.68 PLN 37
10Y P/E Exit 22.90 PLN 47.33 PLN 88.74 PLN 35
Earnings-Based
Graham-Dodd 10.18 PLN 71.01 PLN 99.65 PLN 54
Lynch FV 21.19 PLN 30.28 PLN 39.36 PLN 50
PEG = 1.0 21.19 PLN 30.28 PLN 39.36 PLN 46
EPV 14.04 PLN 16.78 PLN 19.18 PLN 59
Dividend Discount
Gordon GGM 41.23 PLN 85.73 PLN 136.00 PLN 70
DDM Multi-Stage 41.23 PLN 72.29 PLN 89.98 PLN 61
Multiples
P/E Multiple 22.46 PLN 29.95 PLN 37.43 PLN 63
P/S Multiple 19.09 PLN 25.45 PLN 31.82 PLN 58
P/B Multiple 19.09 PLN 25.45 PLN 31.82 PLN 55
EV/EBIT 26.36 PLN 35.96 PLN 45.56 PLN 53
EV/EBITDA 29.26 PLN 39.83 PLN 50.39 PLN 54
EV/Revenue 16.97 PLN 25.29 PLN 33.61 PLN 43
Asset-Based
NCAV (Graham) 5.01 PLN 6.71 PLN 10.01 PLN 50
Growth DCF
Growth DCF 25.06 PLN 51.39 PLN 101.71 PLN 80
Rev-Margin DCF 20.35 PLN 41.85 PLN 73.98 PLN 74
Economic Profit
Residual Income 10.00 PLN 12.35 PLN 24.20 PLN 76
ROIC Compounder 17.11 PLN 26.75 PLN 33.86 PLN 72
Growth Earnings
Growth-Adj P/E 28.31 PLN 40.44 PLN 52.57 PLN 68

Widest divergence: Dividend Discount (72.29 PLN) versus Asset-Based (6.71 PLN). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 11.9B PLN
Revenue growth (YoY) +11.7%
Net margin 13.2%
Return on equity 17.7%
Free cash flow 1.9B PLN FY2025
P/E ratio 19.5
More key figures
Operating margin 20.0%
EPS (TTM) 1.76 PLN
EPS growth (YoY) +9.6%
Net debt 2.5B PLN FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 78/100

Of which business quality 73 · Market factors (momentum, volatility) 79

Profitability 61
Margins and returns on capital today
Quality Growth 75
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 79
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 79
Price trend over the last 3–12 months (market factor)
52W Momentum 79
Distance to the 52-week high (market factor)
Net Issuance 98
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
11.5B PLN
Latest YoY
+5.9%
Avg. growth/yr (3Y)
+8.4%
Avg. growth/yr (5Y)
+23.4%
Avg. growth/yr (8Y)
+27.3%
Revenue +21.0%/yr
FY21 5.4B PLN
FY22 9.0B PLN
FY23 10.2B PLN
FY24 10.8B PLN
FY25 11.5B PLN
Net income +8.6%/yr
FY21 1.1B PLN
FY22 −1.9B PLN
FY23 284M PLN
FY24 1.0B PLN
FY25 1.5B PLN

ALE screens 29% overvalued. Compare with Amazon.com, Inc →

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Cite: Fair Value Calculator (2026). "Allegro.eu S.A Fair Value". https://www.fairvalue-calculator.com/stock/ALE

Peer Group

Internet Retail · 108 stocks

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.

Quality Score 78 · Top 25%
Fair Value upside −29% · Below median
Return on equity (TTM) 18% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 20% · Top 25%
Revenue growth 12% · Above median
Debt / equity 0.49× · Higher than median

Valuation Multiples vs Internet Retail median · lower = cheaper

P/E (TTM) 22.6× · Pricier than median
P/B 1.07× · Cheaper than median
P/S (TTM) 0.92× · Pricier than median
P/FCF 5.9× · Pricier than median
EV/EBITDA 4.1× · Cheaper than 75% of peers
PEG 0.23× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 34
FUTURE 59 · sector 41
PAST 71 · sector 8
HEALTH 75 · sector 93
DIVIDEND 0 · sector 39

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Internet Retail stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Amazon.com, Inc AMZN $245.34 $127.67 -48%
Alibaba Group BABA $114.97 $75.75 -34%
PDD Holdings PDD $84.14 $223.51 +166%
MercadoLibre, Inc MELI $1,814 $798.98 -56%
DoorDash, Inc DASH $190.16 $38.64 -80%
Sea Limited SE $106.22 $52.70 -50%
eBay Inc EBAY $117.20 $60.13 -49%
JD.com, Inc JD €25.95 €31.88 +23%
Coupang, Inc CPNG $16.86 $2.79 -83%
Delivery Hero SE DHER €38.18 €12.71 -67%

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Frequently asked questions

Is Allegro.eu S.A (ALE) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of 32.94 PLN versus a price of 46.07 PLN, about −29% (overvalued).
What is the fair value of ALE?
Our model-based fair value for Allegro.eu S.A is 32.94 PLN (as of Jul 14, 2026), built from audited fundamentals. The current price is 46.07 PLN.
What is the quality score of ALE?
Allegro.eu S.A has a Quality Score of 78/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
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 Jul 14, 2026).
What is the net profit margin of ALE?
The net profit margin of Allegro.eu S.A is about 13.2%, meaning it keeps roughly 13.2% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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