WSE:ABE

Stock Analysis Report

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Executive Summary

AB S.A., together with its subsidiaries, distributes IT products primarily in Poland, the Czech Republic, and Slovakia.


Snowflake Analysis

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ABE's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

ABE

1.8%

PL Electronic

5.0%

PL Market


1 Year Return

49.7%

ABE

9.4%

PL Electronic

-19.3%

PL Market

Return vs Industry: ABE exceeded the Polish Electronic industry which returned 3.3% over the past year.

Return vs Market: ABE exceeded the Polish Market which returned -19.4% over the past year.


Shareholder returns

ABEIndustryMarket
7 Day0%1.8%5.0%
30 Day7.3%4.4%4.5%
90 Day20.5%2.3%-3.1%
1 Year49.7%49.7%13.7%9.4%-17.4%-19.3%
3 Year-34.4%-34.4%-22.0%-28.2%-22.9%-28.2%
5 Year-43.2%-44.3%-31.1%-40.8%-19.1%-28.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

6.06x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ABE (PLN23.5) is trading above our estimate of fair value (PLN20.27)

Significantly Below Fair Value: ABE is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ABE is good value based on its PE Ratio (6.1x) compared to the Electronic industry average (8.9x).

PE vs Market: ABE is good value based on its PE Ratio (6.1x) compared to the Polish market (10.4x).


Price to Earnings Growth Ratio

PEG Ratio: ABE's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: ABE is good value based on its PB Ratio (0.5x) compared to the PL Electronic industry average (1.2x).


Next Steps

Future Growth

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

-0.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ABE's earnings are forecast to decline over the next 3 years (-0.2% per year).

Earnings vs Market: ABE's earnings are forecast to decline over the next 3 years (-0.2% per year).

High Growth Earnings: ABE's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ABE's revenue (0.04% per year) is forecast to grow slower than the Polish market (2.3% per year).

High Growth Revenue: ABE's revenue (0.04% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ABE's Return on Equity is forecast to be low in 3 years time (6.8%).


Next Steps

Past Performance

How has AB performed over the past 5 years?

-3.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ABE has high quality earnings.

Growing Profit Margin: ABE's current net profit margins (0.6%) are lower than last year (0.7%).


Past Earnings Growth Analysis

Earnings Trend: ABE's earnings have declined by -3% per year over the past 5 years.

Accelerating Growth: ABE's earnings growth over the past year (8.8%) exceeds its 5-year average (-3% per year).

Earnings vs Industry: ABE earnings growth over the past year (8.8%) underperformed the Electronic industry 32%.


Return on Equity

High ROE: ABE's Return on Equity (7.8%) is considered low.


Next Steps

Financial Health

How is AB's financial position?


Financial Position Analysis

Short Term Liabilities: ABE's short term assets (PLN2.1B) exceed its short term liabilities (PLN1.4B).

Long Term Liabilities: ABE's short term assets (PLN2.1B) exceed its long term liabilities (PLN158.6M).


Debt to Equity History and Analysis

Debt Level: ABE's debt to equity ratio (33.4%) is considered satisfactory.

Reducing Debt: ABE's debt to equity ratio has reduced from 63.9% to 33.4% over the past 5 years.

Debt Coverage: ABE's debt is well covered by operating cash flow (115.6%).

Interest Coverage: ABE's interest payments on its debt are well covered by EBIT (4.7x coverage).


Balance Sheet


Next Steps

Dividend

What is AB's current dividend yield, its reliability and sustainability?

2.86%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ABE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ABE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ABE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ABE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: ABE is not paying a notable dividend for the Polish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ABE's dividend in 3 years as they are not forecast to pay a notable one for the Polish market.


Next Steps

Management

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


CEO

Andrzej Przybylo

no data

Tenure

Mr. Andrzej Przybylo serves as the President and Member of Management Board at AB Spólka Akcyjna. Mr. Przybylo is a Founder of A&B and has been its President of the Board since 1998. He ran A&B from 1990 t ...


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

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


Key Information

  • Name: AB S.A.
  • Ticker: ABE
  • Exchange: WSE
  • Founded: 1990
  • Industry: Technology Distributors
  • Sector: Tech
  • Market Cap: zł379.365m
  • Shares outstanding: 16.14m
  • Website: https://www.ab.pl

Number of Employees


Location

  • AB S.A.
  • ul. Europejska 4
  • Magnice
  • 55-040
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ABEWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNSep 2006
0LQSLSE (London Stock Exchange)YesCommon Bearer SharesGBPLNSep 2006

Biography

AB S.A., together with its subsidiaries, distributes IT products primarily in Poland, the Czech Republic, and Slovakia. The company wholesales computer hardware and components, computer electronics, household appliances, audio and TV equipment, office equipment, toys, and servers and networks, as well as house and garden, lighting, telephone and GPS, photo and optic, smart home, and fitness and sports products. It also offers logistics, financial, pre and after sale, and online support platform services, as well as services regarding competences and training. In addition, the company manufactures personal computers; and operates a network of computer retail shops. AB S.A. was founded in 1990 and is headquartered in Magnice, Poland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/31 21:46
End of Day Share Price2020/05/29 00:00
Earnings2020/03/31
Annual Earnings2019/06/30


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.