Alior Bank S.A.

WSE:ALR Stock Report

Market Cap: zł15.0b

Alior Bank Valuation

Is ALR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of ALR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: ALR (PLN115) is trading below our estimate of future cash flow value (PLN171.72)

Significantly Below Future Cash Flow Value: ALR is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ALR?

Key metric: As ALR is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ALR. This is calculated by dividing ALR's market cap by their current earnings.
What is ALR's PE Ratio?
PE Ratio6.3x
Earningszł2.37b
Market Capzł15.01b

Price to Earnings Ratio vs Peers

How does ALR's PE Ratio compare to its peers?

The above table shows the PE ratio for ALR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.6x
BHW Bank Handlowy w Warszawie
8.3x-8.95%zł14.7b
MIL Bank Millennium
16.9x24.95%zł20.3b
BNP BNP Paribas Bank Polska
7.2x-5.17%zł22.1b
MBK mBank
13.8x17.18%zł48.9b
ALR Alior Bank
6.3x-2.97%zł15.0b

Price-To-Earnings vs Peers: ALR is good value based on its Price-To-Earnings Ratio (6.3x) compared to the peer average (11.6x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does ALR's PE Ratio compare vs other companies in the European Banks Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ALR 6.3xIndustry Avg. 10.7xNo. of Companies38PE0612182430+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ALR is good value based on its Price-To-Earnings Ratio (6.3x) compared to the European Banks industry average (10.4x).

Price to Earnings Ratio vs Fair Ratio

What is ALR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ALR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.3x
Fair PE Ratio7.4x

Price-To-Earnings vs Fair Ratio: ALR is good value based on its Price-To-Earnings Ratio (6.3x) compared to the estimated Fair Price-To-Earnings Ratio (7.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ALR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentzł115.00
zł130.86
+13.79%
8.06%zł144.00zł113.60n/a8
Mar ’27zł119.55
zł127.56
+6.70%
8.81%zł144.00zł110.30n/a8
Feb ’27zł116.10
zł126.68
+9.11%
8.16%zł145.00zł110.30n/a8
Jan ’27zł110.45
zł126.68
+14.69%
8.16%zł145.00zł110.30n/a8
Dec ’26zł104.90
zł126.34
+20.44%
7.49%zł145.00zł116.20n/a7
Nov ’26zł102.85
zł127.79
+24.24%
7.30%zł145.00zł116.20n/a7
Oct ’26zł103.25
zł129.46
+25.38%
6.94%zł145.00zł116.20n/a7
Sep ’26zł102.50
zł128.53
+25.39%
8.18%zł145.00zł109.70n/a7
Aug ’26zł99.06
zł125.67
+26.86%
8.60%zł145.00zł109.70n/a7
Jul ’26zł93.24
zł126.46
+35.63%
8.41%zł145.00zł109.70n/a7
Jun ’26zł103.95
zł125.17
+20.42%
8.46%zł145.00zł109.70n/a7
May ’26zł102.25
zł121.89
+19.20%
12.03%zł145.00zł96.70n/a7
Apr ’26zł123.15
zł117.54
-4.55%
9.60%zł133.00zł96.70zł115.007
Mar ’26zł95.06
zł116.31
+22.36%
8.60%zł126.50zł96.70zł119.557
Feb ’26zł94.18
zł109.74
+16.52%
8.72%zł125.00zł96.70zł116.107
Jan ’26zł85.98
zł109.79
+27.69%
8.73%zł125.00zł96.70zł110.457
Dec ’25zł91.30
zł110.17
+20.67%
9.44%zł125.00zł96.70zł104.907
Nov ’25zł87.40
zł108.36
+23.98%
7.75%zł124.00zł96.70zł102.858
Oct ’25zł91.20
zł108.74
+19.23%
7.92%zł124.00zł96.70zł103.258
Sep ’25zł102.50
zł106.89
+4.28%
11.18%zł124.00zł81.90zł102.508
Aug ’25zł92.94
zł102.89
+10.70%
10.19%zł115.00zł81.90zł99.068
Jul ’25zł103.65
zł97.30
-6.13%
20.23%zł115.00zł52.91zł93.248
Jun ’25zł95.66
zł97.41
+1.83%
20.12%zł115.00zł52.91zł103.958
May ’25zł103.80
zł90.04
-13.26%
27.72%zł115.00zł50.00zł102.258
Apr ’25zł97.94
zł81.66
-16.62%
25.30%zł111.10zł50.00zł123.158
zł130.86
Fair Value
12.1% undervalued intrinsic discount
8
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/01 10:51
End of Day Share Price 2026/04/01 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Alior Bank S.A. is covered by 16 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Dariusz GorskiBanco Santander
Ivan BokhmatBarclays
Mikolaj LemanczykBiuro maklerskie mBanku