Declared Dividend • May 08
Dividend increased to zł1.95 Dividend of zł1.95 is 11% higher than last year. Ex-date: 23rd June 2026 Payment date: 1st July 2026 Dividend yield will be 3.3%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 07
Asseco South Eastern Europe S.A., Annual General Meeting, Jun 01, 2026 Asseco South Eastern Europe S.A., Annual General Meeting, Jun 01, 2026, at 13:00 Central European Standard Time. Announcement • May 02
Asseco South Eastern Europe S.A. to Report First Half, 2026 Results on Jul 31, 2026 Asseco South Eastern Europe S.A. announced that they will report first half, 2026 results on Jul 31, 2026 Reported Earnings • Mar 02
Full year 2025 earnings released: EPS: zł3.82 (vs zł3.84 in FY 2024) Full year 2025 results: EPS: zł3.82 (down from zł3.84 in FY 2024). Revenue: zł1.80b (up 5.3% from FY 2024). Net income: zł198.3m (flat on FY 2024). Profit margin: 11% (in line with FY 2024). Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the IT industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 10
Asseco South Eastern Europe S.A. to Report Fiscal Year 2025 Results on Feb 25, 2026 Asseco South Eastern Europe S.A. announced that they will report fiscal year 2025 results on Feb 25, 2026 Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to zł77.00, the stock trades at a trailing P/E ratio of 20.9x. Average forward P/E is 16x in the IT industry in Poland. Total returns to shareholders of 70% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at zł71.74 per share. Reported Earnings • Aug 04
Second quarter 2025 earnings released: EPS: zł0.81 (vs zł0.77 in 2Q 2024) Second quarter 2025 results: EPS: zł0.81 (up from zł0.77 in 2Q 2024). Revenue: zł426.4m (up 7.2% from 2Q 2024). Net income: zł42.2m (up 5.4% from 2Q 2024). Profit margin: 9.9% (in line with 2Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the IT industry in Europe. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 25
Upcoming dividend of zł1.75 per share Eligible shareholders must have bought the stock before 02 July 2025. Payment date: 10 July 2025. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Polish dividend payers (7.1%). In line with average of industry peers (2.4%). Buy Or Sell Opportunity • May 28
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 39% to zł72.50. The fair value is estimated to be zł57.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Earnings per share has grown by 3.0%. Announcement • May 09
Asseco South Eastern Europe S.A., Annual General Meeting, Jun 04, 2025 Asseco South Eastern Europe S.A., Annual General Meeting, Jun 04, 2025. Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: zł0.69 (vs zł0.91 in 1Q 2024) First quarter 2025 results: EPS: zł0.69 (down from zł0.91 in 1Q 2024). Revenue: zł400.3m (up 9.1% from 1Q 2024). Net income: zł35.8m (down 24% from 1Q 2024). Profit margin: 9.0% (down from 13% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the IT industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 7% per year. Price Target Changed • Mar 06
Price target increased by 7.3% to zł59.00 Up from zł55.00, the current price target is an average from 2 analysts. New target price is 13% above last closing price of zł52.00. Stock is up 7.7% over the past year. The company posted earnings per share of zł3.84 last year. Reported Earnings • Feb 28
Full year 2024 earnings released: EPS: zł3.84 (vs zł3.86 in FY 2023) Full year 2024 results: EPS: zł3.84 (down from zł3.86 in FY 2023). Revenue: zł1.71b (up 4.0% from FY 2023). Net income: zł199.2m (flat on FY 2023). Profit margin: 12% (in line with FY 2023). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the IT industry in Europe. 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 4% per year. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: zł1.04 (vs zł1.21 in 3Q 2023) Third quarter 2024 results: EPS: zł1.04 (down from zł1.21 in 3Q 2023). Revenue: zł444.8m (up 12% from 3Q 2023). Net income: zł54.0m (down 14% from 3Q 2023). Profit margin: 12% (down from 16% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the IT industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Oct 18
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 2.2% to zł51.00. The fair value is estimated to be zł42.41, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 12%. Reported Earnings • Aug 04
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł397.6m (up 5.9% from 2Q 2023). Net income: zł40.1m (down 15% from 2Q 2023). Profit margin: 10% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the IT industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jul 09
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at zł50.00. The fair value is estimated to be zł63.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 15%. Buy Or Sell Opportunity • Jul 01
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at zł50.80. The fair value is estimated to be zł63.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 15%. Upcoming Dividend • Jun 05
Upcoming dividend of zł1.65 per share Eligible shareholders must have bought the stock before 12 June 2024. Payment date: 20 June 2024. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Polish dividend payers (7.8%). Higher than average of industry peers (2.5%). Reported Earnings • Apr 25
First quarter 2024 earnings released First quarter 2024 results: Revenue: zł367.1m (down 3.4% from 1Q 2023). Net income: zł47.0m (up 3.3% from 1Q 2023). Profit margin: 13% (in line with 1Q 2023). Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the IT industry in Europe. Announcement • Apr 11
Asseco South Eastern Europe S.A., Annual General Meeting, May 07, 2024 Asseco South Eastern Europe S.A., Annual General Meeting, May 07, 2024, at 10:00 Central European Standard Time. Buy Or Sell Opportunity • Mar 07
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at zł47.60. The fair value is estimated to be zł60.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 18%. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: zł3.86 (vs zł3.63 in FY 2022) Full year 2023 results: EPS: zł3.86 (up from zł3.63 in FY 2022). Revenue: zł1.64b (up 4.9% from FY 2022). Net income: zł200.4m (up 6.4% from FY 2022). Profit margin: 12% (in line with FY 2022). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the IT industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Feb 16
Asseco South Eastern Europe S.A. Recommends Dividend for Year the 2023 Asseco South Eastern Europe S.A. recommended the payment of a PLN 1.65 (EUR 0.38) dividend per share from the 2023 profit, the company said in a market filing. Announcement • Dec 22
Asseco South Eastern Europe S.A. (WSE:ASE) acquired unknown majority stake in Dwelt d.o.o. Asseco South Eastern Europe S.A. (WSE:ASE) acquired unknown majority stake in Dwelt d.o.o. on December 21, 2023.Asseco South Eastern Europe S.A. (WSE:ASE) completed the acquisition of unknown majority stake in Dwelt d.o.o. on December 21, 2023. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: zł1.21 (vs zł0.97 in 3Q 2022) Third quarter 2023 results: EPS: zł1.21 (up from zł0.97 in 3Q 2022). Revenue: zł398.3m (down 5.0% from 3Q 2022). Net income: zł62.5m (up 24% from 3Q 2022). Profit margin: 16% (up from 12% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the IT industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: zł0.91 (vs zł1.23 in 2Q 2022) Second quarter 2023 results: EPS: zł0.91 (down from zł1.23 in 2Q 2022). Revenue: zł375.5m (up 7.3% from 2Q 2022). Net income: zł47.1m (down 26% from 2Q 2022). Profit margin: 13% (down from 18% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the IT industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jul 20
Now 20% undervalued Over the last 90 days, the stock is up 2.0%. The fair value is estimated to be zł64.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 25%. Buying Opportunity • Jun 30
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 6.4%. The fair value is estimated to be zł59.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 25%. Upcoming Dividend • Jun 22
Upcoming dividend of zł1.46 per share at 3.1% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 13 July 2023. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Polish dividend payers (7.4%). In line with average of industry peers (3.1%). Buying Opportunity • Jun 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.2%. The fair value is estimated to be zł59.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 25%. Announcement • May 31
Asseco South Eastern Europe S.A., Annual General Meeting, Jun 22, 2023 Asseco South Eastern Europe S.A., Annual General Meeting, Jun 22, 2023, at 11:00 Central European Standard Time. Price Target Changed • May 31
Price target increased by 9.7% to zł53.00 Up from zł48.33, the current price target is an average from 3 analysts. New target price is 5.6% above last closing price of zł50.20. Stock is up 8.0% over the past year. The company posted earnings per share of zł3.63 last year. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: zł0.88 (vs zł0.75 in 1Q 2022) First quarter 2023 results: EPS: zł0.88 (up from zł0.75 in 1Q 2022). Revenue: zł380.1m (up 22% from 1Q 2022). Net income: zł45.5m (up 16% from 1Q 2022). Profit margin: 12% (in line with 1Q 2022). Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the IT industry in Europe. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Mar 22
Now 20% undervalued Over the last 90 days, the stock is up 8.6%. The fair value is estimated to be zł60.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 11% in a year. Earnings is forecast to decline by 11% in the next year. Buying Opportunity • Dec 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.9%. The fair value is estimated to be zł56.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 28%. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: zł0.97 (vs zł0.73 in 3Q 2021) Third quarter 2022 results: EPS: zł0.97 (up from zł0.73 in 3Q 2021). Revenue: zł419.5m (up 59% from 3Q 2021). Net income: zł50.3m (up 33% from 3Q 2021). Profit margin: 12% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the IT industry in Poland. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 26% per year. Reported Earnings • Aug 19
Second quarter 2022 earnings released: EPS: zł1.25 (vs zł0.64 in 2Q 2021) Second quarter 2022 results: EPS: zł1.25 (up from zł0.64 in 2Q 2021). Revenue: zł349.4m (up 28% from 2Q 2021). Net income: zł65.0m (up 95% from 2Q 2021). Profit margin: 19% (up from 12% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 8.8%, compared to a 10% growth forecast for the IT industry in Poland. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improved over the past week After last week's 15% share price gain to zł46.20, the stock trades at a trailing P/E ratio of 15.2x. Average forward P/E is 20x in the IT industry in Poland. Total returns to shareholders of 177% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at zł74.80 per share. Upcoming Dividend • Jun 21
Upcoming dividend of zł1.28 per share Eligible shareholders must have bought the stock before 28 June 2022. Payment date: 12 July 2022. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Polish dividend payers (8.3%). Lower than average of industry peers (3.9%). Reported Earnings • May 01
First quarter 2022 earnings released First quarter 2022 results: Revenue: zł311.2m (up 23% from 1Q 2021). Net income: zł39.1m (up 23% from 1Q 2021). Profit margin: 13% (in line with 1Q 2021). Over the next year, revenue is forecast to grow 11%, compared to a 8.7% growth forecast for the industry in Poland. Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS zł0.73 (vs zł0.61 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: zł264.3m (up 16% from 3Q 2020). Net income: zł37.7m (up 20% from 3Q 2020). Profit margin: 14% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS zł0.64 (vs zł0.52 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: zł273.0m (up 17% from 2Q 2020). Net income: zł33.4m (up 24% from 2Q 2020). Profit margin: 12% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 16
Upcoming dividend of zł1.00 per share Eligible shareholders must have bought the stock before 23 June 2021. Payment date: 07 July 2021. Trailing yield: 2.6%. Lower than top quartile of Polish dividend payers (5.8%). In line with average of industry peers (2.7%). Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS zł0.61 (vs zł0.45 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: zł252.8m (up 9.4% from 1Q 2020). Net income: zł31.7m (up 35% from 1Q 2020). Profit margin: 13% (up from 10% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Mar 05
Revenue beats expectations Revenue exceeded analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 7.7%, compared to a 8.8% growth forecast for the IT industry in Poland. Reported Earnings • Mar 05
Full year 2020 earnings released: EPS zł2.25 (vs zł1.73 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: zł1.03b (up 17% from FY 2019). Net income: zł116.5m (up 30% from FY 2019). Profit margin: 11% (up from 10% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Mar 01
New 90-day low: zł37.50 The company is down 6.0% from its price of zł39.70 on 01 December 2020. The Polish market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is zł40.05 per share. Is New 90 Day High Low • Feb 03
New 90-day low: zł38.50 The company is down 6.0% from its price of zł40.90 on 05 November 2020. The Polish market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is zł40.68 per share.