Asseco South Eastern Europe S.A. (ASE) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Asseco South Eastern Europe S.A. PLN 86.68, price PLN 78.80, upside +10.0%, quality 70 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Asseco South Eastern Europe S.A. for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
Asseco South Eastern Europe S.A., together with its subsidiaries, provides software implementation, integration, and outsourcing services. The company operates through Banking Solutions, Payment Solutions, and Dedicated Solutions segments.
Show more
Asseco South Eastern Europe S.A., together with its subsidiaries, provides software implementation, integration, and outsourcing services. The company operates through Banking Solutions, Payment Solutions, and Dedicated Solutions segments. It offers omnichannel solutions for distributing banking services, and online services and consultancy in mobile and electronic banking, along with digital transformation. The company also provides telecommunication services, such as AI, billing solutions, customer communication management, data lakes, digital signatures, content services platforms, ERP, security, service desks, asset and construction management, and business process management. In addition, it offers public and utility services, such as notary, postal, content services platform, multifactor authentication, mobile app security, digital board meetings, customer communication management, and mobile app development services. Further, the company provides payment services, such as 3D Secure technology, versatile card processing solutions, and integrated end-to-end payment systems. It operates in Central Europe, Southeastern Europe, the Iberian Peninsula, Turkey, Colombia, Peru, and the Dominican Republic, as well as in India and the United Arab Emirates. Asseco South Eastern Europe S.A. was incorporated in 2007 and is headquartered in Rzeszów, Poland. The company operates as a subsidiary of Asseco International a.s.
Stock analysis
Asseco South Eastern Europe S.A. (ASE) currently trades at 78.80 PLN, while our model-based Fair Value estimate is 86.68 PLN, implying the stock looks roughly 9.1% undervalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of 78.56 PLN per share, and 8 of the 26 models we run sit above the 78.80 PLN price.
Bear case: the Asset-Based group reads lowest at 15.79 PLN, and 18 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 58.57 PLN (bear) to 127.13 PLN (bull), the price of 78.80 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 70/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Asseco South Eastern Europe S.A. reported revenue of 1.8B PLN in FY2025 versus 1.1B PLN in FY2021, a compound +11.9%/yr. Reported net income was 198M PLN in FY2025, compounding +7.4%/yr from FY2021.
Key figures
Market cap 4.1B PLN (≈ $1.1B) · P/E ratio 19.5 · P/S ratio 2.14 · EPS (TTM) 4.05 PLN · Dividend yield 2.9% · Net margin 11.0% · Return on equity 16.0% · Return on assets (EBIT) 11.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 3% below its 52-week high and 38% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −13% fair-value upside, at 10%, ASE screens cheaper than that median.
Fair Value models
Bear 58.57 PLNFair Value 86.68 PLNBull 127.13 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 (2.96 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.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+5.3%
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.
+4.7%
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.
+11.9%
Start year 2020 (pandemic). Over 10 years: +14.0% a year
Revenue growth 17 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.
+10.3%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘ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.
+14.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.3%
Dividend (yield on the price)2.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.11% vs 16%, slowing
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.14% → 14%
Start year 2020 (pandemic)
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).
+8.4%
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.
+1.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (Poland: IMF forecast 3.1% a year to 2030, 4.6% from 2016 to 2025) that is about +5.1% a year for the price and −1.8% for the forecasts.
Compare Asseco South Eastern Europe S.A. with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Software - Application · 710 stocks
Beats the industry median on 13/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside+10% · Above median
Profitability
Return on equity (TTM)16% · Top 25%
Return on assets7% · Top 25%
Net margin (TTM)11% · Above median
Operating margin (TTM)13% · Above median
Growth and dividend
Revenue growth9% · Above median
Dividend yield (TTM)2.9% · Above median
Balance sheet
Debt / equity0.07× · Above median
Valuation Multiplesvs Software - Application median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Asseco South Eastern Europe S.A. Fair Value". https://www.fairvalue-calculator.com/stock/ASE
Frequently asked questions
Is Asseco South Eastern Europe S.A. (ASE) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 86.68 PLN versus a price of 78.80 PLN, about +10% upside (undervalued).
What is the fair value of ASE?
Our model-based fair value for Asseco South Eastern Europe S.A. is 86.68 PLN (as of Sep 24, 2026), built from audited fundamentals. The current price: 78.80 PLN.
What is the quality score of ASE?
Asseco South Eastern Europe S.A. has a Quality Score of 70/100. 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 Asseco South Eastern Europe S.A. (ASE)?
Our model-based price target is the fair value of 86.68 PLN (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 58.57 PLN, optimistic scenario 127.13 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Asseco South Eastern Europe S.A. stock forecast for 2026?
Our models put fair value at 86.68 PLN, about +10% upside versus a price of 78.80 PLN (undervalued). Cautious scenario 58.57 PLN, optimistic scenario 127.13 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Asseco South Eastern Europe S.A. (ASE)?
Asseco South Eastern Europe S.A. reported trailing-twelve-month revenue of about 1.8B PLN (latest available figure, as of Sep 24, 2026).
Does Asseco South Eastern Europe S.A. pay a dividend?
Asseco South Eastern Europe S.A. currently shows a dividend yield of about 2.90% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Asseco South Eastern Europe S.A. (ASE)?
For today's price to be fair in a discounted-cash-flow model, Asseco South Eastern Europe S.A. would have to grow free cash flow by +8.4 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of ASE use?
Our models discount Asseco South Eastern Europe S.A. at 10.6 %: a base by market capitalisation (small), damped by beta 0.31, 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 Asseco South Eastern Europe S.A. that is +8.4 % per year a year over ten years, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Asseco South Eastern Europe S.A. (ASE) delivered so far?
Over the past 5 years revenue at Asseco South Eastern Europe S.A. grew +11.9 % a year. The price currently implies +8.4 % 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 Asseco South Eastern Europe S.A. (ASE) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Asseco South Eastern Europe S.A. (+8.4 % 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 Asseco South Eastern Europe S.A. (ASE)?
The free-cash-flow yield on the price is 5.79 %: that much free cash flow Asseco South Eastern Europe S.A. produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Asseco South Eastern Europe S.A. (ASE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Asseco South Eastern Europe S.A. it is 86.68 PLN per share (as of Sep 24, 2026), against a price of 78.80 PLN. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Asseco South Eastern Europe S.A. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, ASE trades below its calculated fair value: price 78.80 PLN, fair value 86.68 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 ASE?
No. The price is what the market pays today (78.80 PLN); the fair value is what the company's own numbers justify (86.68 PLN). For Asseco South Eastern Europe S.A. the two are 7.88 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Asseco South Eastern Europe S.A. worth?
The market values Asseco South Eastern Europe S.A. at about 4.1B PLN (market capitalisation, as of Sep 24, 2026). Per share that is 78.80 PLN; our models calculate a fair value of 86.68 PLN per share.
What do the bullish and bearish scenarios say about ASE?
Our models span a range for Asseco South Eastern Europe S.A.: cautious scenario 58.57 PLN, base 86.68 PLN, optimistic 127.13 PLN per share (as of Sep 24, 2026, price 78.80 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ASE?
Asseco South Eastern Europe S.A. trades at a price-to-earnings ratio of 19.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 86.68 PLN is built from several models across several years. Other multiples: P/B 0.9, P/S 0.6, EV/EBITDA 2.6.
How solid is the balance sheet of Asseco South Eastern Europe S.A. (ASE)?
Balance-sheet figures for Asseco South Eastern Europe S.A. (as of Sep 24, 2026): return on equity 16.0%, debt of 0.07 per unit of equity. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is ASE from its 52-week high?
Asseco South Eastern Europe S.A. trades at 78.80 PLN, about 3% below its 52-week high of 81.00 PLN and 38% above the low of 57.16 PLN (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 86.68 PLN is for.
Which stocks are comparable to Asseco South Eastern Europe S.A.?
From the same area (Technology) we also value SAP SE, Shopify Inc, Uber Technologies, Inc, Salesforce, 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 Asseco South Eastern Europe S.A. stock attractive at the current price?
The data as of Sep 24, 2026: price 78.80 PLN, calculated fair value 86.68 PLN (+10%), Quality Score 70/100, 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 ASE calculated?
We run Asseco South Eastern Europe 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 86.68 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 14.1 % above its aggregate fair value. Asseco South Eastern Europe 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 Asseco South Eastern Europe S.A. (ASE)?
The closing price on Sep 23, 2026 was 78.80 PLN. Our model-based fair value is 86.68 PLN, about +10% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Asseco South Eastern Europe S.A. right now?
A fairly wide model range (58.57 PLN to 127.13 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.
Where does the earnings growth of Asseco South Eastern Europe S.A. (ASE) come from?
Earnings per share at Asseco South Eastern Europe S.A. grew +19.5 % a year from 2013 to 2024. Broken into its drivers: revenue per share +14.4 %, EBIT margin +3.8 %, tax rate −0.2 %, residual (interest, one-offs) +0.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Asseco South Eastern Europe S.A.
How large is the market capitalisation of Asseco South Eastern Europe S.A. (ASE)?
The market capitalisation of Asseco South Eastern Europe S.A. is 4.1B PLN (≈ $1.1B). 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 Asseco South Eastern Europe S.A. (ASE)?
The price-to-sales ratio of Asseco South Eastern Europe S.A. is 2.14 (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 Asseco South Eastern Europe S.A. (ASE)?
Earnings per share at Asseco South Eastern Europe S.A. are 4.05 PLN (price ÷ EPS = P/E 19.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Asseco South Eastern Europe S.A. (ASE)?
The dividend yield of Asseco South Eastern Europe S.A. is 2.9% (payout 56.4%). 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 Asseco South Eastern Europe S.A. (ASE)?
The net margin of Asseco South Eastern Europe S.A. is 11.0% (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 Asseco South Eastern Europe S.A. (ASE)?
The return on equity (ROE) of Asseco South Eastern Europe S.A. is 16.0% (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 Asseco South Eastern Europe S.A. (ASE)?
On an EBIT basis the return on assets of Asseco South Eastern Europe S.A. is 11.0% (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 Asseco South Eastern Europe S.A. (ASE)?
The operating margin of Asseco South Eastern Europe S.A. is 13.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Asseco South Eastern Europe S.A. (ASE)?
Revenue at Asseco South Eastern Europe S.A. is growing +8.5% versus a year earlier (3y avg +4.7%). 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 Asseco South Eastern Europe S.A. (ASE)?
Earnings per share at Asseco South Eastern Europe S.A. are growing +32.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Asseco South Eastern Europe S.A. (ASE) hold?
Asseco South Eastern Europe S.A. holds more cash than debt, 45.9M PLN net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Asseco South Eastern Europe S.A. in the live analysis
One click puts Asseco South Eastern Europe S.A. on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
