Added to YB: 2026-05-13
Pitch date: 2026-05-10
ALE.WA [bullish]
Allegro.eu S.A.
-0.47%
current return
Author Info
No bio for this author
Company Info
Allegro.eu S.A. operates a commerce platform for consumers in Poland, Czech Republic, Slovakia, Hungary, and internationally.
Market Cap
PLN 30.2B
Pitch Price
PLN 29.84
Price Target
72.00 (+141%)
Dividend
N/A
EV/EBITDA
10.55
P/E
18.42
EV/Sales
2.89
Sector
Broadline Retail
Category
value
Allegro.eu (WSE: ALE) – The Forgotten Polish Compounder Trading at Half Its IPO Price
ALE.WA: Polish marketplace at PLN30 (half IPO price, third of all-time high) despite nearly doubling earnings to PLN1.83bn (+76% YoY). 15.4M active buyers, ~€16.5bn GMV, 99% 3P model, 12% take rate in Q4. Revenue +10.5% to PLN11.46bn, EBITDA +15.4% to PLN3.5bn (5% of GMV). New founder-CEO Kuśmierz, PLN1.6bn buyback authorized. Trades 14x 2026E, 11x 2027E earnings vs 22x fair PE on 2028 EPS of ~PLN3.30 = PLN72 target (~30% annualized IRR). Risks: PE overhang (Cinven/Permira selling), Temu/Amazon competition, PLN FX, Mall acquisition blunder. Catalysts: PE clearance, advertising +30% YoY scaling, Allegro Pay penetration, int'l break-even by 2029.
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