Upcoming Dividend • Apr 02
Upcoming dividend of zł6.45 per share Eligible shareholders must have bought the stock before 09 April 2026. Payment date: 17 April 2026. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 5.3%. Lower than top quartile of Polish dividend payers (7.2%). Higher than average of industry peers (4.8%). Reported Earnings • Mar 03
First quarter 2026 earnings released First quarter 2026 results: Revenue: zł5.47b (up 6.4% from 1Q 2025). Net income: zł94.6m (up 42% from 1Q 2025). Profit margin: 1.7% (up from 1.3% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Electronic industry in Poland. New Risk • Mar 03
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Announcement • Mar 02
AB S.A., Annual General Meeting, Mar 26, 2026 AB S.A., Annual General Meeting, Mar 26, 2026. Declared Dividend • Mar 02
Dividend increased to zł6.45 Dividend of zł6.45 is 115% higher than last year. Ex-date: 9th April 2026 Payment date: 17th April 2026 Dividend yield will be 4.8%, which is lower than the industry average of 5.1%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 6.7% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 24
Full year 2025 earnings released Full year 2025 results: Revenue: zł14.9b (up 1.9% from FY 2024). Net income: zł173.9m (flat on FY 2024). Profit margin: 1.2% (in line with FY 2024). Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Electronic industry in Poland. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 28
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: zł3.18b (up 78% from 3Q 2024). Net income: zł33.7m (up 40% from 3Q 2024). Profit margin: 1.1% (down from 1.3% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Electronic industry in Poland. Announcement • Aug 20
AB S.A. to Report Q3, 2025 Results on Aug 27, 2025 AB S.A. announced that they will report Q3, 2025 results on Aug 27, 2025 Reported Earnings • Jun 06
Second quarter 2025 earnings released Second quarter 2025 results: Net income: zł34.8m (up 96% from 2Q 2024). Revenue is expected to decline by 1.4% p.a. on average during the next 3 years, while revenues in the Electronic industry in Poland are expected to grow by 12%. Upcoming Dividend • Mar 31
Upcoming dividend of zł3.00 per share Eligible shareholders must have bought the stock before 07 April 2025. Payment date: 15 April 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Polish dividend payers (7.6%). Lower than average of industry peers (4.7%). New Risk • Mar 28
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.7% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Announcement • Feb 24
AB S.A., Annual General Meeting, Mar 20, 2025 AB S.A., Annual General Meeting, Mar 20, 2025. Announcement • Feb 23
AB S.A. announces Annual dividend, payable on April 15, 2025 AB S.A. announced Annual dividend of PLN 3.0000 per share payable on April 15, 2025, ex-date on April 07, 2025 and record date on April 08, 2025. Price Target Changed • Feb 18
Price target increased by 8.5% to zł132 Up from zł122, the current price target is an average from 3 analysts. New target price is 27% above last closing price of zł104. Stock is up 40% over the past year. The company is forecast to post earnings per share of zł12.39 for next year compared to zł11.03 last year. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to zł111, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Electronic industry in Europe. Total returns to shareholders of 119% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at zł147 per share. Reported Earnings • Jan 08
Full year 2024 earnings released Full year 2024 results: Revenue: zł14.7b (down 4.7% from FY 2023). Net income: zł174.7m (up 14% from FY 2023). Profit margin: 1.2% (up from 1.0% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Poland. Buy Or Sell Opportunity • Sep 17
Now 22% overvalued Over the last 90 days, the stock has fallen 17% to zł90.00. The fair value is estimated to be zł73.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has grown by 8.9%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 12% in the next 2 years. Reported Earnings • Aug 28
Third quarter 2024 earnings released: EPS: zł1.48 (vs zł1.23 in 3Q 2023) Third quarter 2024 results: EPS: zł1.48 (up from zł1.23 in 3Q 2023). Revenue: zł1.79b (up 2.0% from 3Q 2023). Net income: zł24.0m (up 20% from 3Q 2023). Profit margin: 1.3% (up from 1.1% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Electronic industry in Poland. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 08
AB S.A. (WSE:ABE) announces an Equity Buyback for 3,200,000 shares, for PLN 100 million. AB S.A. (WSE:ABE) announces a share repurchase program. Under the program, the company will repurchase up to 3,200,000 shares, for PLN 100 million worth of stock. Reported Earnings • Jun 06
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł3.21b (down 9.3% from 2Q 2023). Net income: zł36.7m (up 15% from 2Q 2023). Profit margin: 1.1% (up from 0.9% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Electronic industry in Poland. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Apr 19
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 26% to zł92.20. The fair value is estimated to be zł76.55, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 21% in the next 2 years. Buy Or Sell Opportunity • Apr 03
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 27% to zł92.60. The fair value is estimated to be zł76.22, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 21% in the next 2 years. Upcoming Dividend • Mar 07
Upcoming dividend of zł2.00 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 05 April 2024. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Polish dividend payers (7.4%). Lower than average of industry peers (5.0%). Reported Earnings • Feb 26
First quarter 2024 earnings released First quarter 2024 results: Revenue: zł4.89b (up 2.0% from 1Q 2023). Net income: zł69.5m (up 2.4% from 1Q 2023). Profit margin: 1.4% (in line with 1Q 2023). Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Electronic 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 increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 11
AB S.A., Annual General Meeting, Mar 06, 2024 AB S.A., Annual General Meeting, Mar 06, 2024, at 12:00 Central European Standard Time. New Risk • Jan 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 30% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Announcement • Nov 24
AB S.A. to Report Fiscal Year 2024 Results on Jan 07, 2025 AB S.A. announced that they will report fiscal year 2024 results on Jan 07, 2025 Buying Opportunity • Sep 26
Now 21% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be zł84.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to grow by 20% in the next 2 years. Buying Opportunity • Sep 05
Now 20% undervalued Over the last 90 days, the stock is up 26%. The fair value is estimated to be zł84.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to grow by 20% in the next 2 years. Reported Earnings • Aug 25
Full year 2023 earnings released: EPS: zł9.76 (vs zł9.34 in FY 2022) Full year 2023 results: EPS: zł9.76 (up from zł9.34 in FY 2022). Revenue: zł15.2b (up 8.5% from FY 2022). Net income: zł158.1m (up 4.6% from FY 2022). Profit margin: 1.0% (in line with FY 2022). Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Electronic industry in Europe. Over the last 3 years on average, earnings per share has increased by 24% per year and the company’s share price has also increased by 24% per year. Reported Earnings • Mar 10
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł4.80b (up 9.0% from 2Q 2022). Net income: zł67.9m (up 3.8% from 2Q 2022). Profit margin: 1.4% (in line with 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 7.3% growth forecast for the Electronic industry in Europe. Upcoming Dividend • Dec 21
Upcoming dividend of zł1.25 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 16 January 2023. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Polish dividend payers (8.6%). Lower than average of industry peers (5.4%). Announcement • Nov 23
AB S.A., Annual General Meeting, Dec 15, 2022 AB S.A., Annual General Meeting, Dec 15, 2022, at 12:00 Central European Standard Time. Reported Earnings • Nov 22
First quarter 2023 earnings released First quarter 2023 results: Revenue: zł3.79b (up 22% from 1Q 2022). Net income: zł31.1m (up 25% from 1Q 2022). Profit margin: 0.8% (in line with 1Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 7.7% growth forecast for the Electronic industry in Europe. Price Target Changed • Nov 16
Price target increased to zł63.10 Up from zł38.47, the current price target is provided by 1 analyst. New target price is 57% above last closing price of zł40.25. Stock is down 29% over the past year. The company is forecast to post earnings per share of zł8.87 for next year compared to zł9.34 last year. Reported Earnings • Sep 23
Full year 2022 earnings released: EPS: zł9.36 (vs zł7.64 in FY 2021) Full year 2022 results: EPS: zł9.36 (up from zł7.64 in FY 2021). Revenue: zł14.0b (up 7.3% from FY 2021). Net income: zł151.1m (up 22% from FY 2021). Profit margin: 1.1% (up from 0.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Electronic industry in Europe. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 26
Third quarter 2022 earnings: Revenues in line with analyst expectations Third quarter 2022 results: Revenue: zł3.33b (up 12% from 3Q 2021). Net income: zł30.7m (up 21% from 3Q 2021). Profit margin: 0.9% (in line with 3Q 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 1.8%, compared to a 15% growth forecast for the industry in Poland. Price Target Changed • Apr 27
Price target decreased to zł33.30 Down from zł38.47, the current price target is provided by 1 analyst. New target price is 29% below last closing price of zł47.00. Stock is down 12% over the past year. The company posted earnings per share of zł7.64 last year. Reported Earnings • Mar 04
Second quarter 2022 earnings: Revenues in line with analyst expectations Second quarter 2022 results: Revenue: zł4.40b (up 3.7% from 2Q 2021). Net income: zł65.4m (up 24% from 2Q 2021). Profit margin: 1.5% (up from 1.2% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 33% per year. Upcoming Dividend • Nov 30
Upcoming dividend of zł1.00 per share Eligible shareholders must have bought the stock before 07 December 2021. Payment date: 22 December 2021. Trailing yield: 2.2%. Lower than top quartile of Polish dividend payers (6.9%). Lower than average of industry peers (13%). Reported Earnings • Nov 24
First quarter 2022 earnings: Revenues in line with analyst expectations First quarter 2022 results: Revenue: zł3.11b (up 7.8% from 1Q 2021). Net income: zł24.9m (up 31% from 1Q 2021). Profit margin: 0.8% (up from 0.7% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 6.9%, compared to a 19% growth forecast for the industry in Poland. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Sep 23
Full year 2021 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: zł13.1b (up 28% from FY 2020). Net income: zł123.7m (up 86% from FY 2020). Profit margin: 0.9% (up from 0.7% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 28
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: zł2.99b (up 30% from 3Q 2020). Net income: zł25.5m (up 110% from 3Q 2020). Profit margin: 0.9% (up from 0.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • May 27
Price target increased to zł59.45 Up from zł38.47, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of zł61.00. Stock is up 165% over the past year. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improved over the past week After last week's 22% share price gain to zł51.80, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 24x in the Electronic industry in Europe. Total returns to shareholders of 106% over the past three years. Reported Earnings • Mar 07
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł4.24b (up 30% from 2Q 2020). Net income: zł52.9m (up 98% from 2Q 2020). Profit margin: 1.2% (up from 0.8% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Mar 03
New 90-day high: zł42.50 The company is up 27% from its price of zł33.50 on 03 December 2020. The Polish market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is zł9.25 per share. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improved over the past week After last week's 24% share price gain to zł42.50, the stock is trading at a trailing P/E ratio of 9.3x, up from the previous P/E ratio of 7.5x. This compares to an average P/E of 10x in the Electronic industry in Poland. Total returns to shareholders over the past three years are 52%. Is New 90 Day High Low • Feb 10
New 90-day high: zł34.20 The company is up 10.0% from its price of zł31.20 on 12 November 2020. The Polish market is also up 10.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Electronic industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is zł6.61 per share. Price Target Changed • Jan 30
Price target raised to zł40.33 Up from zł34.80, the current price target is provided by 1 analyst. The new target price is 28% above the current share price of zł31.40. As of last close, the stock is up 26% over the past year. Upcoming Dividend • Dec 21
Upcoming Dividend of zł0.44 Per Share Will be paid on the 11th of January to those who are registered shareholders by the 28th of December. The company last paid an ordinary dividend in May 2016. The average dividend yield among industry peers is 6.3%. Is New 90 Day High Low • Dec 03
New 90-day high: zł33.40 The company is up 5.0% from its price of zł31.90 on 04 September 2020. The Polish market is also up 5.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Electronic industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is zł14.75 per share. Announcement • Nov 27
AB S.A., Annual General Meeting, Dec 22, 2020 AB S.A., Annual General Meeting, Dec 22, 2020, at 12:00 Central European Standard Time. Valuation Update With 7 Day Price Move • Nov 11
Market bids up stock over the past week After last week's 17% share price gain to zł30.60, the stock is trading at a trailing P/E ratio of 7.5x, up from the previous P/E ratio of 6.4x. This compares to an average P/E of 9x in the Electronic industry in Poland. Total returns to shareholders over the past three years are 16%. Valuation Update With 7 Day Price Move • Oct 21
Market bids up stock over the past week After last week's 17% share price gain to zł28.60, the stock is trading at a trailing P/E ratio of 7x, up from the previous P/E ratio of 6x. This compares to an average P/E of 8x in the Electronic industry in Poland. Total returns to shareholders over the past three years are 9.2%. Reported Earnings • Sep 27
Full year earnings released Over the last 12 months the company has reported total profits of zł66.4m, up 15% from the prior year. Total revenue was zł10.2b over the last 12 months, up 16% from the prior year. Profit margins were 0.7%, which is in line with last year.