Allegro Stock May Be A Great Polish E-Commerce Pick For Your Portfolio

May 21, 2024 8:00 AM ETAllegro.eu S.A. (ALEGF) StockAMZN, AMZN:CA, ALEGF

Summary

  • Allegro.eu SA is a strong e-commerce company in Poland with potential for expansion in neighboring regions.
  • The company's Q4 2023 results showed growth in active buyers, GMV, and consolidated sales.
  • Allegro aims to transform its struggling Mall segment and launch international marketplaces to accelerate growth.
  • Allegro's GMV, revenue, and EBITDA are growing, and with net income recovering in 2023, this positive trend should boost its stock in the medium term.
  • In my opinion, Allegro is an excellent stock pick on the Polish stock market for those who have been looking at emerging markets (especially Central and Eastern Europe) for a long time.
  • I do much more than just articles at Beyond the Wall Investing: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

POLAND

omersukrugoksu

My Thesis And Reasoning

The last and only time I covered Allegro.eu SA (OTCPK:ALEGF) was in May 2022 - at the time I thought that Allegro should become a great alternative to Russian Ozon (for EM capital allocators at least). Since

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This article was written by

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Oakoff Investments is a personal portfolio manager and a quantitative research analyst with 5 years helping readers find a reasonable balance between growth and value by sharing proprietary Wall Street information.

He leads the investing group Beyond the Wall Investing with features that include: a fundamentals-based portfolio, weekly analysis on insights from institutional investors, regular alerts for short-term trade ideas based on technical signals, ticker feedback by request from readers, and community chat. Learn more.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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