ALE (Allegro.eu SA) vs WIG20 Comparison

ALE

WIG20

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ALE

WIG20

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ALE

WIG20

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Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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WIG20

ALE

AMZN

BABA

PDD

3690

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Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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Allegro.eu SA
Glance View

Market Cap

28.9B PLN

Industry

Retail

Allegro.eu SA, often considered the Amazon of Eastern Europe, has carved a significant niche for itself in the bustling e-commerce landscape. Founded in 1999, Allegro began its journey as a modest online auction site hailing from Poland. Over the years, it evolved into a robust marketplace that offers an extensive range of products, from electronics and fashion to books and sports equipment. The platform enables individual sellers and retailers to reach a broad audience by providing the necessary digital infrastructure for transactions. Leveraging its deep understanding of local consumer preferences, Allegro strategically positions itself with a localized approach, making it not just a platform, but part of daily life for millions in Poland. The company makes money primarily through commissions on sales, listing fees for sellers, and offering premium services. By charging commissions, Allegro captures a percentage of each transaction, turning every sale into a revenue stream. In addition to this, it offers promotion tools and enhanced sales packages as part of a subscription-based model, thus diversifying its income. Their logistics and payment services further enhance Allegro's value proposition to customers and vendors alike, making it a comprehensive marketplace ecosystem. With a keen focus on customer satisfaction and innovation in user experience, Allegro continues to expand its reach while maintaining its stronghold in the Polish market, creating a profitable loop through sustained engagement and user growth.

View ALE Analysis

ALE Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

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US		Amazon.com Inc NASDAQ:AMZN	Add
ZA	N	Naspers Ltd JSE:NPN	Add
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AR		Mercadolibre Inc NASDAQ:MELI	Add
UY		MercadoLibre Inc BMV:MELIN	Add
NL		Prosus NV AEX:PRX	Add
US	D	DoorDash Inc NASDAQ:DASH	Add
CN		JD.Com Inc HKEX:9618	Add

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ALE

vs

WIG20

Stocks Performance
ALE vs WIG20

Performance Gap
ALE vs WIG20

Performance By Year
ALE vs WIG20

Competitors Performance
Allegro.eu SA vs Peers

Allegro.eu SA
Glance View

Company

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ALE vs WIG20

Stocks Performance ALE vs WIG20

Performance Gap ALE vs WIG20

Performance By Year ALE vs WIG20

Competitors Performance Allegro.eu SA vs Peers

Allegro.eu SA Glance View

Company

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Stocks

ALE

vs

WIG20

Stocks Performance
ALE vs WIG20

Performance Gap
ALE vs WIG20

Performance By Year
ALE vs WIG20

Competitors Performance
Allegro.eu SA vs Peers

Allegro.eu SA
Glance View