Asseco Poland stock: fair value
ACP.WAThe fair value of Asseco Poland under our model is $129.45, the price is 54% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Significantly undervaluedIn our model the price counts as cheap below $99.58 and expensive above $184.93 (uncertainty medium, based on the price swings of the past year).
Calculated with a cost of equity of 13.5%. At 14.5% the fair value would be $114.61, at 12.5% it would be $148.61.
Where the number comes from
From the cash-flow model alone; without earnings there is no industry value.
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 5.6%. Discounted at 13.5% (government bond yield 5.6% plus beta 1.48 times a risk premium of 5.3%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $129.45 per share: free cash flow for the next ten years, each year discounted to today at 13.5%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 13.5%) |
|---|---|---|---|---|
| 2026 | $733.33M | extrapolated at 12.3% | 0.8813 | $646.31M |
| 2027 | $808.8M | extrapolated at 10.3% | 0.7768 | $628.24M |
| 2028 | $880.55M | extrapolated at 8.9% | 0.6846 | $602.82M |
| 2029 | $949.92M | extrapolated at 7.9% | 0.6034 | $573.14M |
| 2030 | $1.02B | extrapolated at 7.2% | 0.5318 | $541.41M |
| 2031 | $1.09B | extrapolated at 6.7% | 0.4687 | $509.12M |
| 2032 | $1.16B | extrapolated at 6.4% | 0.4131 | $477.23M |
| 2033 | $1.23B | extrapolated at 6.1% | 0.3640 | $446.32M |
| 2034 | $1.3B | extrapolated at 5.9% | 0.3208 | $416.77M |
| 2035 | $1.37B | extrapolated at 5.8% | 0.2828 | $388.74M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $5.23B |
| Terminal value: cash flow 2035 × (1 + 5.6%) / (13.5% − 5.6%) | $18.36B |
| Present value of terminal value (× 0.2828) | $5.19B |
| Equity value (sum plus present value of terminal value) | $10.42B |
| Shares (diluted) | 80.51M |
| Value per share (equity value divided by shares) | $129.45 |
| Fair value (from the cash flow model alone) | $129.45 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = PLN 3.9742)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 2 Oct 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.