Financials Asseco Business Solutions S.A.

Equities

ABS

PLABS0000018

Software

Market Closed - Warsaw S.E. 11:55:53 2024-05-02 am EDT 5-day change 1st Jan Change
62 PLN 0.00% Intraday chart for Asseco Business Solutions S.A. 0.00% +29.17%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 932.4 949.1 1,230 1,450 1,116 2,072 2,072 -
Enterprise Value (EV) 1 939.1 988.4 1,230 1,450 1,120 1,604 2,033 2,072
P/E ratio - - - - - - - -
Yield 5.38% 6.34% - - 6.35% 4.79% 4.24% 4.68%
Capitalization / Revenue 3.66 x 3.47 x 4.36 x 4.72 x 3.3 x 4.22 x 5.1 x 4.51 x
EV / Revenue 3.66 x 3.47 x 4.36 x 4.72 x 3.3 x 4.22 x 5.1 x 4.51 x
EV / EBITDA 9.8 x 8.46 x 10.4 x 11.9 x 8.53 x 11.1 x 13 x 11.6 x
EV / FCF - - - - - 13.9 x 19.5 x 16.7 x
FCF Yield - - - - - 7.18% 5.12% 5.98%
Price to Book - - - - - - - -
Nbr of stocks (in thousands) 33,418 33,418 33,418 33,418 33,418 33,418 33,418 -
Reference price 2 27.90 28.40 36.80 43.40 33.40 62.00 62.00 62.00
Announcement Date 2/27/19 2/27/20 2/25/21 3/1/22 3/1/23 2/29/24 - -
1PLN in Million2PLN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 254.7 273.9 282.1 307.4 338.5 380.5 406 459.6
EBITDA 1 95.13 112.2 117.8 122.1 130.8 145.1 159 179.2
EBIT 1 76.58 87.68 92.5 94.58 100.8 109.4 123 140
Operating Margin 30.07% 32.01% 32.79% 30.77% 29.77% 28.76% 30.3% 30.46%
Earnings before Tax (EBT) - - - - - - - -
Net income - - - - - - - -
Net margin - - - - - - - -
EPS - - - - - - - -
Free Cash Flow 1 - - - - - 115.2 106 124
FCF margin - - - - - 30.27% 26.11% 26.98%
FCF Conversion (EBITDA) - - - - - 79.41% 66.67% 69.18%
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 1.500 1.800 - - 2.120 2.300 2.630 2.900
Announcement Date 2/27/19 2/27/20 2/25/21 3/1/22 3/1/23 2/29/24 - -
1PLN in Million2PLN
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4
Net sales 1 89.9 77 78.1 82.77 100.6 89.14 87 97.61 106.3
EBITDA 1 38.36 28.4 28 33.04 41.36 32.28 31.5 39.33 41.91
EBIT 1 31.28 21 20.5 25.45 33.78 23.59 23 30.34 32.83
Operating Margin 34.79% 27.27% 26.26% 30.75% 33.57% 26.46% 26.44% 31.09% 30.88%
Earnings before Tax (EBT) - - - - - - - - -
Net income - - - - - - - - -
Net margin - - - - - - - - -
EPS - - - - - - - - -
Dividend per Share - - - - - - - - -
Announcement Date 3/1/22 4/28/22 8/3/22 10/26/22 3/1/23 4/27/23 8/3/23 10/26/23 2/29/24
1PLN in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 6.74 39.3 - - 3.47 - - -
Net Cash position - - - - - - 39 -
Leverage (Debt/EBITDA) 0.0709 x 0.3506 x - - 0.0265 x - - -
Free Cash Flow 1 - - - - - 115 106 124
ROE (net income / shareholders' equity) - - - - - - - -
ROA (Net income/ Total Assets) - - - - - - - -
Assets - - - - - - - -
Book Value Per Share - - - - - - - -
Cash Flow per Share - - - - - - - -
Capex 1 - - - - - 14.2 36 36
Capex / Sales - - - - - 3.74% 8.87% 7.83%
Announcement Date 2/27/19 2/27/20 2/25/21 3/1/22 3/1/23 2/29/24 - -
1PLN in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
3
Last Close Price
62 PLN
Average target price
56.5 PLN
Spread / Average Target
-8.87%
Consensus

Quarterly revenue - Rate of surprise

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