Asseco Business Solutions S.A.

WSE:ABS Stock Report

Market Cap: zł1.9b

Asseco Business Solutions Valuation

Is ABS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ABS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ABS (PLN55.8) is trading below our estimate of fair value (PLN81.47)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ABS?

Key metric: As ABS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ABS. This is calculated by dividing ABS's market cap by their current earnings.
What is ABS's PE Ratio?
PE Ratio17.6x
Earningszł104.28m
Market Capzł1.85b

Price to Earnings Ratio vs Peers

How does ABS's PE Ratio compare to its peers?

The above table shows the PE ratio for ABS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.5x
ACP Asseco Poland
11.9x8.2%zł5.9b
WAS Wasko
8.4xn/azł144.5m
LSI LSI Software
10.6xn/azł47.6m
QNT Quantum software
14.9xn/azł28.1m
ABS Asseco Business Solutions
17.6xn/azł1.9b

Price-To-Earnings vs Peers: ABS is expensive based on its Price-To-Earnings Ratio (17.6x) compared to the peer average (11.5x).

Price to Earnings Ratio vs Industry

How does ABS's PE Ratio compare vs other companies in the PL Software Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
ABS 17.6xIndustry Avg. 16.4xNo. of Companies5PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ABS is expensive based on its Price-To-Earnings Ratio (17.6x) compared to the Polish Software industry average (16.4x).

Price to Earnings Ratio vs Fair Ratio

What is ABS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ABS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ABS's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ABS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentzł55.80
zł57.67
+3.3%
3.6%zł60.00zł55.00n/a3
Nov ’25zł57.20
zł57.00
-0.3%
2.5%zł58.00zł55.00n/a3
Oct ’25zł57.40
zł57.00
-0.7%
2.5%zł58.00zł55.00n/a3
Sep ’25zł60.20
zł57.00
-5.3%
2.5%zł58.00zł55.00n/a3
Aug ’25zł54.20
zł58.50
+7.9%
0.9%zł59.00zł58.00n/a2
May ’25zł62.00
zł56.50
-8.9%
2.7%zł58.00zł55.00n/a2
Apr ’25zł53.60
zł56.50
+5.4%
2.7%zł58.00zł55.00n/a2
Jan ’25zł48.00
zł49.80
+3.7%
10.4%zł55.00zł44.60n/a2
Dec ’24zł49.90
zł49.80
-0.2%
10.4%zł55.00zł44.60n/a2
Nov ’24zł44.20
zł45.45
+2.8%
1.9%zł46.30zł44.60zł57.202
Oct ’24zł41.00
zł45.45
+10.9%
1.9%zł46.30zł44.60zł57.402
Sep ’24zł40.50
zł45.45
+12.2%
1.9%zł46.30zł44.60zł60.202
Aug ’24zł40.50
zł43.30
+6.9%
3.0%zł44.60zł42.00zł54.202
Jul ’24zł39.40
zł43.30
+9.9%
3.0%zł44.60zł42.00zł64.602
Jun ’24zł41.60
zł41.80
+0.5%
0.5%zł42.00zł41.60zł59.602
May ’24zł38.40
zł39.80
+3.6%
4.5%zł41.60zł38.00zł62.002
Apr ’24zł37.90
zł39.80
+5.0%
4.5%zł41.60zł38.00zł53.602
Mar ’24zł37.90
zł36.20
-4.5%
5.0%zł38.00zł34.40zł54.802
Feb ’24zł35.60
zł36.20
+1.7%
5.0%zł38.00zł34.40zł53.202
Jan ’24zł33.40
zł35.70
+6.9%
3.6%zł37.00zł34.40zł48.002
Dec ’23zł31.20
zł35.70
+14.4%
3.6%zł37.00zł34.40zł49.902
Nov ’23zł28.80
zł39.20
+36.1%
12.2%zł44.00zł34.40zł44.202

Analyst Forecast: Target price is less than 20% higher than the current share price.

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