WSE:ABK

Stock Analysis Report

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Market Cap

zł7.5m

Last Updated

2021/07/31 04:26 UTC

Data Sources

Company Financials

Executive Summary

Abak S.A. provides accounting services to individuals and companies in Poland. More Details


Snowflake Analysis

Flawless balance sheet and undervalued.

Share Price & News

How has Abak's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ABK is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ABK's weekly volatility has decreased from 13% to 6% over the past year.


Market Performance


7 Day Return

-4.1%

ABK

1.0%

PL Professional Services

0.1%

PL Market


1 Year Return

35.0%

ABK

-10.9%

PL Professional Services

30.8%

PL Market

Return vs Industry: ABK exceeded the Polish Professional Services industry which returned -10.9% over the past year.

Return vs Market: ABK exceeded the Polish Market which returned 30.8% over the past year.


Shareholder returns

ABKIndustryMarket
7 Day-4.1%1.0%0.1%
30 Day-5.4%-10.5%1.3%
90 Day-21.0%-10.1%7.8%
1 Year44.8%35.0%-10.8%-10.9%33.3%30.8%
3 Year60.2%39.0%-15.5%-15.8%14.3%8.1%
5 Year33.5%15.8%24.4%23.6%31.7%19.3%

Long-Term Price Volatility Vs. Market

How volatile is Abak's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Abak undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ABK (PLN2.78) is trading below our estimate of fair value (PLN6)

Significantly Below Fair Value: ABK is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ABK is good value based on its PE Ratio (12.2x) compared to the Polish Professional Services industry average (18.3x).

PE vs Market: ABK is good value based on its PE Ratio (12.2x) compared to the Polish market (14.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ABK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ABK is good value based on its PB Ratio (2.2x) compared to the PL Professional Services industry average (3.4x).


Future Growth

How is Abak forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.1%

Forecasted Commercial Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Abak has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Abak performed over the past 5 years?

25.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ABK has high quality earnings.

Growing Profit Margin: ABK's current net profit margins (5.6%) are higher than last year (3.9%).


Past Earnings Growth Analysis

Earnings Trend: ABK's earnings have grown significantly by 25.1% per year over the past 5 years.

Accelerating Growth: ABK's earnings growth over the past year (54.4%) exceeds its 5-year average (25.1% per year).

Earnings vs Industry: ABK earnings growth over the past year (54.4%) exceeded the Professional Services industry 53.9%.


Return on Equity

High ROE: ABK's Return on Equity (18.1%) is considered low.


Financial Health

How is Abak's financial position?


Financial Position Analysis

Short Term Liabilities: ABK's short term assets (PLN3.3M) exceed its short term liabilities (PLN1.4M).

Long Term Liabilities: ABK's short term assets (PLN3.3M) exceed its long term liabilities (PLN1.3M).


Debt to Equity History and Analysis

Debt Level: ABK's debt to equity ratio (19.8%) is considered satisfactory.

Reducing Debt: ABK's debt to equity ratio has reduced from 82.5% to 19.8% over the past 5 years.

Debt Coverage: ABK's debt is well covered by operating cash flow (218.5%).

Interest Coverage: ABK's interest payments on its debt are well covered by EBIT (63.8x coverage).


Balance Sheet


Dividend

What is Abak current dividend yield, its reliability and sustainability?

2.88%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ABK's dividend (2.88%) is higher than the bottom 25% of dividend payers in the Polish market (2.06%).

High Dividend: ABK's dividend (2.88%) is low compared to the top 25% of dividend payers in the Polish market (5.94%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, ABK has been paying a dividend for less than 10 years.

Growing Dividend: ABK's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (35.2%), ABK's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Pawel Puterko

12yrs

Tenure

Mr. Paul Puterko has been President of the Management Board at ABAK Spolka Akcyjna. since June 2009. Mr. Puterko served as Vice Chairman of the Supervisory Board at Rank Progress Spólka Akcyjna. He served...


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Abak S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Abak S.A.
  • Ticker: ABK
  • Exchange: WSE
  • Founded: NaN
  • Industry: Human Resource and Employment Services
  • Sector: Commercial Services
  • Market Cap: zł7.491m
  • Shares outstanding: 2.69m
  • Website: https://abak.com.pl/en/

Number of Employees


Location

  • Abak S.A.
  • 18/20 Marii Sklodowskiej-Curie St.
  • Office 12
  • Olsztyn
  • 10-109
  • Poland

Listings


Biography

Abak S.A. provides accounting services to individuals and companies in Poland. It offers services in the fields of accounting, payroll taxes, and tax services. The company is based in Olsztyn, Poland. Abak...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/31 04:26
End of Day Share Price2021/07/30 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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 here.