Buy Or Sell Opportunity • Jun 23
Now 21% undervalued Over the last 90 days, the stock has risen 7.8% to zł86.00. The fair value is estimated to be zł108, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 17%. Upcoming Dividend • May 29
Upcoming dividend of zł3.75 per share Eligible shareholders must have bought the stock before 05 June 2026. Payment date: 16 June 2026. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Polish dividend payers (7.3%). Higher than average of industry peers (2.7%). Annonce • May 01
Asseco Business Solutions S.A., Annual General Meeting, May 27, 2026 Asseco Business Solutions S.A., Annual General Meeting, May 27, 2026, at 11:00 Central European Standard Time. Buy Or Sell Opportunity • Apr 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to zł77.20. The fair value is estimated to be zł96.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 15%. Buy Or Sell Opportunity • Mar 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.4% to zł77.00. The fair value is estimated to be zł96.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 15%. Reported Earnings • Mar 09
Full year 2025 earnings released: EPS: zł4.03 (vs zł3.46 in FY 2024) Full year 2025 results: EPS: zł4.03 (up from zł3.46 in FY 2024). Revenue: zł476.8m (up 11% from FY 2024). Net income: zł132.9m (up 16% from FY 2024). Profit margin: 28% (up from 27% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Poland. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Feb 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.0% to zł78.40. The fair value is estimated to be zł98.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 14%. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: zł1.00 (vs zł0.83 in 3Q 2024) Third quarter 2025 results: EPS: zł1.00 (up from zł0.83 in 3Q 2024). Revenue: zł115.8m (up 14% from 3Q 2024). Net income: zł33.1m (up 20% from 3Q 2024). Profit margin: 29% (up from 27% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Software industry in Poland. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: zł0.68 (vs zł0.69 in 2Q 2024) Second quarter 2025 results: EPS: zł0.68 (down from zł0.69 in 2Q 2024). Revenue: zł105.6m (up 4.0% from 2Q 2024). Net income: zł22.3m (down 3.3% from 2Q 2024). Profit margin: 21% (down from 23% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Software industry in Poland. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to zł88.00, the stock trades at a trailing P/E ratio of 24.3x. Average forward P/E is 23x in the Software industry in Poland. Total returns to shareholders of 181% over the past three years. Upcoming Dividend • May 14
Upcoming dividend of zł3.30 per share Eligible shareholders must have bought the stock before 21 May 2025. Payment date: 05 June 2025. Payout ratio and cash payout ratio are on the higher end at 95% and 87% respectively. Trailing yield: 3.6%. Lower than top quartile of Polish dividend payers (7.0%). Higher than average of industry peers (2.9%). New Risk • May 06
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 95% Dividend yield: 3.0% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • May 05
First quarter 2025 earnings released: EPS: zł0.87 (vs zł0.72 in 1Q 2024) First quarter 2025 results: EPS: zł0.87 (up from zł0.72 in 1Q 2024). Revenue: zł108.1m (up 8.3% from 1Q 2024). Net income: zł28.4m (up 18% from 1Q 2024). Profit margin: 26% (up from 24% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Software industry in Poland. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Apr 06
Now 20% undervalued Over the last 90 days, the stock has risen 17% to zł70.40. The fair value is estimated to be zł88.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 11%. Annonce • Apr 04
Asseco Business Solutions S.A., Annual General Meeting, Apr 29, 2025 Asseco Business Solutions S.A., Annual General Meeting, Apr 29, 2025. Price Target Changed • Mar 19
Price target increased by 32% to zł75.00 Up from zł57.00, the current price target is provided by 1 analyst. New target price is 8.4% above last closing price of zł69.20. Stock is up 28% over the past year. The company posted earnings per share of zł3.46 last year. Reported Earnings • Mar 06
Full year 2024 earnings released: EPS: zł3.46 (vs zł2.84 in FY 2023) Full year 2024 results: EPS: zł3.46 (up from zł2.84 in FY 2023). Revenue: zł428.8m (up 13% from FY 2023). Net income: zł115.0m (up 21% from FY 2023). Profit margin: 27% (up from 25% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Software industry in Poland. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 27
Third quarter 2024 earnings released: EPS: zł0.83 (vs zł0.77 in 3Q 2023) Third quarter 2024 results: EPS: zł0.83 (up from zł0.77 in 3Q 2023). Revenue: zł101.6m (up 4.1% from 3Q 2023). Net income: zł27.7m (up 7.4% from 3Q 2023). Profit margin: 27% (in line with 3Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Software industry in Poland. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year. Reported Earnings • Aug 04
Second quarter 2024 earnings released: EPS: zł0.69 (vs zł0.58 in 2Q 2023) Second quarter 2024 results: EPS: zł0.69 (up from zł0.58 in 2Q 2023). Revenue: zł101.5m (up 16% from 2Q 2023). Net income: zł23.1m (up 19% from 2Q 2023). Profit margin: 23% (in line with 2Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Software industry in Poland. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 14% per year. Buy Or Sell Opportunity • Jul 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.3% to zł54.40. The fair value is estimated to be zł69.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 8.0%. Upcoming Dividend • Jun 27
Upcoming dividend of zł2.60 per share Eligible shareholders must have bought the stock before 04 July 2024. Payment date: 16 July 2024. Payout ratio and cash payout ratio are on the higher end at 88% and 81% respectively. Trailing yield: 4.2%. Lower than top quartile of Polish dividend payers (7.8%). Higher than average of industry peers (3.8%). Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: zł0.72 (vs zł0.61 in 1Q 2023) First quarter 2024 results: EPS: zł0.72 (up from zł0.61 in 1Q 2023). Revenue: zł99.8m (up 12% from 1Q 2023). Net income: zł24.0m (up 18% from 1Q 2023). Profit margin: 24% (up from 23% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Software industry in Poland. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Mar 25
Now 21% undervalued Over the last 90 days, the stock has risen 5.5% to zł52.00. The fair value is estimated to be zł66.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 7.3%. Reported Earnings • Mar 03
Full year 2023 earnings released: EPS: zł2.84 (vs zł2.55 in FY 2022) Full year 2023 results: EPS: zł2.84 (up from zł2.55 in FY 2022). Revenue: zł380.5m (up 12% from FY 2022). Net income: zł95.0m (up 11% from FY 2022). Profit margin: 25% (in line with FY 2022). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Software industry in Poland. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year. Buy Or Sell Opportunity • Feb 15
Now 22% undervalued Over the last 90 days, the stock has risen 10% to zł51.00. The fair value is estimated to be zł65.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 6.9%. Price Target Changed • Jan 27
Price target increased by 14% to zł55.00 Up from zł48.30, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of zł53.60. Stock is up 48% over the past year. The company posted earnings per share of zł2.55 last year. Annonce • Dec 14
Asseco Business Solutions Appoints Wojciech Barczentewicz as CEO Asseco Business Solutions' supervisory board appointed Wojciech Barczentewicz as the new CEO. Price Target Changed • Nov 21
Price target increased by 12% to zł48.30 Up from zł43.30, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of zł46.40. Stock is up 46% over the past year. The company posted earnings per share of zł2.55 last year. Reported Earnings • Oct 30
Third quarter 2023 earnings released: EPS: zł0.77 (vs zł0.64 in 3Q 2022) Third quarter 2023 results: EPS: zł0.77 (up from zł0.64 in 3Q 2022). Revenue: zł97.6m (up 18% from 3Q 2022). Net income: zł25.8m (up 21% from 3Q 2022). Profit margin: 26% (in line with 3Q 2022). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Poland. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 11% per year. Buying Opportunity • Oct 24
Now 20% undervalued Over the last 90 days, the stock is up 4.7%. The fair value is estimated to be zł52.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 6.0%. Reported Earnings • Aug 06
Second quarter 2023 earnings released: EPS: zł0.58 (vs zł0.51 in 2Q 2022) Second quarter 2023 results: EPS: zł0.58 (up from zł0.51 in 2Q 2022). Revenue: zł87.5m (up 12% from 2Q 2022). Net income: zł19.5m (up 13% from 2Q 2022). Profit margin: 22% (in line with 2Q 2022). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Software industry in Poland. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 7% per year. Price Target Changed • Jul 17
Price target increased by 8.8% to zł43.30 Up from zł39.80, the current price target is an average from 2 analysts. New target price is 5.9% above last closing price of zł40.90. Stock is up 6.2% over the past year. The company posted earnings per share of zł2.55 last year. Upcoming Dividend • May 31
Upcoming dividend of zł2.30 per share at 5.6% yield Eligible shareholders must have bought the stock before 07 June 2023. Payment date: 21 June 2023. Payout ratio and cash payout ratio are on the higher end at 87% and 84% respectively. Trailing yield: 5.6%. Lower than top quartile of Polish dividend payers (7.3%). Higher than average of industry peers (3.6%). Annonce • May 09
Asseco Business Solutions S.A., Annual General Meeting, May 31, 2023 Asseco Business Solutions S.A., Annual General Meeting, May 31, 2023, at 12:30 Central European Standard Time. Reported Earnings • Mar 06
Full year 2022 earnings released: EPS: zł2.55 (vs zł2.41 in FY 2021) Full year 2022 results: EPS: zł2.55 (up from zł2.41 in FY 2021). Revenue: zł338.5m (up 10% from FY 2021). Net income: zł85.3m (up 5.8% from FY 2021). Profit margin: 25% (down from 26% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Software industry in Poland. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year. Buying Opportunity • Dec 21
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 5.6%. The fair value is estimated to be zł40.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has grown by 6.6%. Price Target Changed • Nov 30
Price target decreased to zł35.70 Down from zł42.00, the current price target is an average from 2 analysts. New target price is 16% above last closing price of zł30.80. Stock is down 22% over the past year. The company posted earnings per share of zł2.41 last year. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 17% share price gain to zł33.80, the stock trades at a trailing P/E ratio of 13.3x. Average forward P/E is 23x in the Software industry in Poland. Total returns to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at zł46.43 per share. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: zł0.64 (vs zł0.56 in 3Q 2021) Third quarter 2022 results: EPS: zł0.64 (up from zł0.56 in 3Q 2021). Revenue: zł82.8m (up 11% from 3Q 2021). Net income: zł21.3m (up 14% from 3Q 2021). Profit margin: 26% (in line with 3Q 2021). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Poland. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: zł0.51 (vs zł0.50 in 2Q 2021) Second quarter 2022 results: EPS: zł0.51 (up from zł0.50 in 2Q 2021). Revenue: zł78.1m (up 11% from 2Q 2021). Net income: zł17.2m (up 3.5% from 2Q 2021). Profit margin: 22% (down from 24% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 6.9%, compared to a 29% growth forecast for the industry in Poland. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 13% per year. Buying Opportunity • Jun 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 6.1%. The fair value is estimated to be zł50.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 8.6%. Buying Opportunity • Jun 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.2%. The fair value is estimated to be zł50.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 8.6%. Upcoming Dividend • Jun 02
Upcoming dividend of zł2.12 per share Eligible shareholders must have bought the stock before 09 June 2022. Payment date: 23 June 2022. Payout ratio and cash payout ratio are on the higher end at 87% and 76% respectively. Trailing yield: 5.2%. Lower than top quartile of Polish dividend payers (7.9%). Higher than average of industry peers (4.0%). Buying Opportunity • May 18
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be zł50.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 8.6%. Reported Earnings • May 01
First quarter 2022 earnings released: EPS: zł0.53 (vs zł0.49 in 1Q 2021) First quarter 2022 results: EPS: zł0.53 (up from zł0.49 in 1Q 2021). Revenue: zł77.0m (up 6.2% from 1Q 2021). Net income: zł17.6m (up 7.6% from 1Q 2021). Profit margin: 23% (in line with 1Q 2021). Over the next year, revenue is forecast to grow 6.6%, compared to a 19% growth forecast for the industry in Poland. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year. Buying Opportunity • May 01
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be zł51.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 8.6%. Reported Earnings • Mar 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: zł2.41 (up from zł2.29 in FY 2020). Revenue: zł307.4m (up 9.0% from FY 2020). Net income: zł80.6m (up 5.6% from FY 2020). Profit margin: 26% (in line with FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year. Buying Opportunity • Feb 14
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 3.9%. The fair value is estimated to be zł49.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.0% per annum over the last 3 years. Earnings per share has grown by 10% per annum over the last 3 years. Buying Opportunity • Jan 24
Now 22% undervalued Over the last 90 days, the stock is up 6.8%. The fair value is estimated to be zł50.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.0% per annum over the last 3 years. Earnings per share has grown by 10% per annum over the last 3 years. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS zł0.56 (vs zł0.47 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: zł74.7m (up 17% from 3Q 2020). Net income: zł18.8m (up 19% from 3Q 2020). Profit margin: 25% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 03
Second quarter 2021 earnings released: EPS zł0.50 (vs zł0.47 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: zł70.3m (up 9.2% from 2Q 2020). Net income: zł16.6m (up 5.7% from 2Q 2020). Profit margin: 24% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 11% per year and the company’s share price has also increased by 11% per year. Upcoming Dividend • Jun 10
Upcoming dividend of zł2.00 per share Eligible shareholders must have bought the stock before 17 June 2021. Payment date: 29 June 2021. Trailing yield: 5.4%. Lower than top quartile of Polish dividend payers (5.7%). Higher than average of industry peers (3.7%). Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS zł0.49 (vs zł0.46 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: zł72.5m (up 8.4% from 1Q 2020). Net income: zł16.4m (up 5.4% from 1Q 2020). Profit margin: 23% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 10% per year. Price Target Changed • Jan 19
Price target raised to zł38.60 Up from zł30.65, the current price target is provided by 1 analyst. The new target price is close to the current share price of zł38.80. As of last close, the stock is up 26% over the past year. Is New 90 Day High Low • Jan 04
New 90-day high: zł37.60 The company is up 8.0% from its price of zł34.80 on 06 October 2020. The Polish market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is up 3.0% over the same period. Is New 90 Day High Low • Dec 18
New 90-day high: zł36.20 The company is up 2.0% from its price of zł35.40 on 18 September 2020. The Polish market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is flat over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of zł75.2m, up 17% from the prior year. Total revenue was zł278.1m over the last 12 months, up 6.6% from the prior year. Annonce • Oct 05
Asseco Business Solutions SA to Report First Half, 2010 Results on 08/19/2010 Asseco Business Solutions SA announced that they will report first half 2, 2010 results on 08/19/2010