New Risk • 7h
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. 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 German dividend payers (4.6%). Higher than average of industry peers (1.8%). 공시 • 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. 공시 • Apr 04
Asseco Business Solutions S.A., Annual General Meeting, Apr 29, 2025 Asseco Business Solutions S.A., Annual General Meeting, Apr 29, 2025. Buy Or Sell Opportunity • Nov 05
Now 20% undervalued Over the last 90 days, the stock has risen 3.7% to €12.50. The fair value is estimated to be €15.67, 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 9.2%. 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 11% growth forecast for the Software industry in Germany. 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 13% per year. Buy Or Sell Opportunity • Oct 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.6% to €12.35. The fair value is estimated to be €15.56, 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 8.7%. Buy Or Sell Opportunity • Oct 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.7% to €13.05. The fair value is estimated to be €16.50, 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 8.7%. Buy Or Sell Opportunity • Aug 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.2% to €12.85. The fair value is estimated to be €16.09, 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 8.7%. 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 10% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jul 04
Now 20% undervalued Over the last 90 days, the stock has risen 7.3% to €14.05. The fair value is estimated to be €17.66, 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 German dividend payers (4.7%). Higher than average of industry peers (1.2%). Buy Or Sell Opportunity • May 31
Now 22% undervalued Over the last 90 days, the stock has risen 8.6% to €13.30. The fair value is estimated to be €17.10, 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%. Buy Or Sell Opportunity • Apr 29
Now 21% undervalued Over the last 90 days, the stock has risen 14% to €13.60. The fair value is estimated to be €17.28, 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%. 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 9.8% growth forecast for the Software industry in Germany. 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 22% per year, which means it is tracking significantly ahead of earnings growth. 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 9.3% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. 공시 • Dec 14
Asseco Business Solutions Appoints Wojciech Barczentewicz as CEO Asseco Business Solutions' supervisory board appointed Wojciech Barczentewicz as the new CEO. Reported Earnings • Oct 31
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 7.7% growth forecast for the Software industry in Germany. 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 7.1% growth forecast for the Software industry in Germany. 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%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.6%). 공시 • 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 2.8% growth forecast for the Software industry in Germany. Buying Opportunity • Jan 18
Now 21% undervalued Over the last 90 days, the stock is up 27%. The fair value is estimated to be €9.54, 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%. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improved over the past week After last week's 16% share price gain to €7.10, the stock trades at a trailing P/E ratio of 13.2x. Average forward P/E is 19x in the Software industry in Germany. Total loss to shareholders of 13% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €11.00 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 7.9% growth forecast for the Software industry in Germany. 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 7.8% growth forecast for the industry in Germany. Buying Opportunity • Jun 11
Now 23% undervalued Over the last 90 days, the stock is up 2.9%. The fair value is estimated to be €11.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 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%. Within top quartile of German dividend payers (4.2%). Higher than average of industry peers (2.0%). Buying Opportunity • May 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 5.4%. The fair value is estimated to be €10.80, 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%. 공시 • May 06
Asseco Business Solutions S.A., Annual General Meeting, May 31, 2022 Asseco Business Solutions S.A., Annual General Meeting, May 31, 2022, at 12:00 Central European Standard Time. 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 14% growth forecast for the industry in Germany. 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. Buying Opportunity • Feb 11
Now 21% undervalued Over the last 90 days, the stock is up 1.1%. The fair value is estimated to be zł11.15, 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 26
Now 22% undervalued Over the last 90 days, the stock is up 4.7%. The fair value is estimated to be zł10.85, 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). 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). 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).