Asseco South Eastern Europe S.A., together with its subsidiaries, sells its own and third-party software in Poland, South Eastern Europe, and Turkey.
No risks detected for ASE from our risk checks.
Excellent balance sheet and fair value.
Share Price & News
How has Asseco South Eastern Europe's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ASE has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: ASE exceeded the Polish IT industry which returned 41.9% over the past year.
Return vs Market: ASE exceeded the Polish Market which returned -4.3% over the past year.
Price Volatility Vs. Market
How volatile is Asseco South Eastern Europe's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall StIs Asseco South Eastern Europe (WSE:ASE) Using Too Much Debt?
2 weeks ago | Simply Wall StDespite Its High P/E Ratio, Is Asseco South Eastern Europe S.A. (WSE:ASE) Still Undervalued?
4 weeks ago | Simply Wall StWhat Kind Of Investor Owns Most Of Asseco South Eastern Europe S.A. (WSE:ASE)?
Is Asseco South Eastern Europe undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ASE (PLN24) is trading below our estimate of fair value (PLN31.69)
Significantly Below Fair Value: ASE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ASE is poor value based on its PE Ratio (15.4x) compared to the IT industry average (7.3x).
PE vs Market: ASE is poor value based on its PE Ratio (15.4x) compared to the Polish market (11.6x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ASE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ASE is good value based on its PB Ratio (1.5x) compared to the PL IT industry average (1.6x).
How is Asseco South Eastern Europe forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if ASE's forecast earnings growth is above the savings rate (2%).
Earnings vs Market: Insufficient data to determine if ASE's earnings are forecast to grow faster than the Polish market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ASE's revenue (6.4% per year) is forecast to grow faster than the Polish market (5.1% per year).
High Growth Revenue: ASE's revenue (6.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ASE's Return on Equity is forecast to be low in 3 years time (10.9%).
How has Asseco South Eastern Europe performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ASE has high quality earnings.
Growing Profit Margin: ASE's current net profit margins (9.8%) are lower than last year (10.3%).
Past Earnings Growth Analysis
Earnings Trend: ASE's earnings have grown by 13.9% per year over the past 5 years.
Accelerating Growth: ASE's earnings growth over the past year (28.8%) exceeds its 5-year average (13.9% per year).
Earnings vs Industry: ASE earnings growth over the past year (28.8%) underperformed the IT industry 29%.
Return on Equity
High ROE: ASE's Return on Equity (10.2%) is considered low.
Return on Assets
Return on Capital Employed
How is Asseco South Eastern Europe's financial position?
Financial Position Analysis
Short Term Liabilities: ASE's short term assets (PLN417.1M) exceed its short term liabilities (PLN277.6M).
Long Term Liabilities: ASE's short term assets (PLN417.1M) exceed its long term liabilities (PLN139.7M).
Debt to Equity History and Analysis
Debt Level: ASE's debt to equity ratio (12.7%) is considered satisfactory.
Reducing Debt: ASE's debt to equity ratio has increased from 6.2% to 12.7% over the past 5 years.
Debt Coverage: ASE's debt is well covered by operating cash flow (115.2%).
Interest Coverage: ASE's interest payments on its debt are well covered by EBIT (266.7x coverage).
Inventory Level: ASE has a high level of physical assets or inventory.
Debt Coverage by Assets: ASE's debt is covered by short term assets (assets are 4.1x debt).
What is Asseco South Eastern Europe's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: ASE's dividend (2.17%) isn’t notable compared to the bottom 25% of dividend payers in the Polish market (2.4%).
High Dividend: ASE's dividend (2.17%) is low compared to the top 25% of dividend payers in the Polish market (7.05%).
Stability and Growth of Payments
Stable Dividend: ASE's dividend payments have been volatile in the past 10 years.
Growing Dividend: ASE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (33.3%), ASE's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ASE's dividends in 3 years are forecast to be well covered by earnings (41% payout ratio).
What is the CEO of Asseco South Eastern Europe's salary, the management and board of directors tenure and is there insider trading?
Average management tenure
Piotr Jelenski 0
Mr. Piotr Jelenski serves as Chief Executive Officer of Asseco SEE Teknoloji A.S. Mr. Jelenski serves as President of the Management Board at Asseco South Eastern Europe S.A. since July 2007. Mr. Jelenski ...
CEO Compensation Analysis
Compensation vs Market: Piotr's total compensation ($USD625.21K) is above average for companies of similar size in the Polish market ($USD456.72K).
Compensation vs Earnings: Piotr's compensation has been consistent with company performance over the past year.
Management Age and Tenure
Experienced Management: ASE's management team is seasoned and experienced (11.5 years average tenure).
Board Age and Tenure
Experienced Board: ASE's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
President of the Management Board
- Tenure: 12.5yrs
- Compensation: zł2.38m
Member of the Management Board
- Tenure: 11.5yrs
- Compensation: zł677.00k
Chief Executive Officer of Asseco Denmark A/S
Marcin Rulnicki (43yo)
CFO & Member of the Management Board
- Compensation: zł737.00k
Member of Management Board
- Tenure: 0.3yrs
Jacek Duch (72yo)
Member of Supervisory Board
- Tenure: 9.8yrs
- Compensation: zł62.00k
Vice Chairman of Supervisory Board
- Tenure: 2.7yrs
- Compensation: zł30.00k
Chairman of Supervisory Board
- Tenure: 2.7yrs
- Compensation: zł21.00k
Artur Kucharski (51yo)
Member of Supervisory Board
- Tenure: 3.8yrs
- Compensation: zł92.00k
Member of Supervisory Board
- Tenure: 2.3yrs
- Compensation: zł61.00k
Asseco South Eastern Europe S.A.'s company bio, employee growth, exchange listings and data sources
- Name: Asseco South Eastern Europe S.A.
- Ticker: ASE
- Exchange: WSE
- Founded: 2007
- Industry: IT Consulting and Other Services
- Sector: Software
- Market Cap: zł1.245b
- Shares outstanding: 51.89m
- Website: https://www.asseco.com/see
Number of Employees
- Asseco South Eastern Europe S.A.
- Branickiego 13
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ASE||WSE (Warsaw Stock Exchange)||Yes||Ordinary Shares||PL||PLN||Oct 2009|
|0MMP||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||PLN||Oct 2009|
Asseco South Eastern Europe S.A., together with its subsidiaries, sells its own and third-party software in Poland, South Eastern Europe, and Turkey. The company offers banking software solutions and services, including omni-channel solutions; and integrated core banking systems based on the Oracle and Microsoft platforms, as well as authentication security solutions, reporting systems for regulatory compliance and managerial information, and risk management systems. It also provides payment industry solutions for financial and non-financial institutions supporting card and card-less transactions, including e-commerce related solutions, m-payments, and processing, as well as ATM and POS related services. In addition, the company offers system integration solutions and services for financial, industry, and public administration sectors, including the development of IT infrastructure, implementations and support, business processes continuity, operations automation, and customized software development. The company was founded in 2007 and is headquartered in Warsaw, Poland. Asseco South Eastern Europe S.A. is a subsidiary of Asseco Poland S.A.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/01/27 21:52|
|End of Day Share Price||2020/01/27 00:00|
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.