WSE:ASB

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

ASBISc Enterprises

Executive Summary

ASBISc Enterprises Plc, together with its subsidiaries, distributes information technology (IT) and software products.


Snowflake Analysis

Excellent balance sheet with proven track record and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

1.6%

ASB

-2.7%

PL Electronic

1.6%

PL Market


1 Year Return

112.7%

ASB

27.7%

PL Electronic

-3.8%

PL Market

Return vs Industry: ASB exceeded the Polish Electronic industry which returned 27.7% over the past year.

Return vs Market: ASB exceeded the Polish Market which returned -3.8% over the past year.


Shareholder returns

ASBIndustryMarket
7 Day1.6%-2.7%1.6%
30 Day37.9%6.6%3.1%
90 Day39.4%24.1%20.8%
1 Year150.2%112.7%31.1%27.7%-3.0%-3.8%
3 Year194.4%103.2%4.7%-3.5%-16.8%-21.8%
5 Year875.5%543.6%-7.2%-19.8%-5.0%-15.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

4.31x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ASB (PLN5.02) is trading above our estimate of fair value (PLN1.6)

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


Price To Earnings Ratio

PE vs Industry: ASB is good value based on its PE Ratio (4.3x) compared to the PL Electronic industry average (10.1x).

PE vs Market: ASB is good value based on its PE Ratio (4.3x) compared to the Polish market (13.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ASB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ASB is good value based on its PB Ratio (0.7x) compared to the PL Electronic industry average (1.3x).


Next Steps

Future Growth

How is ASBISc Enterprises forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

0.4%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if ASB's forecast earnings growth is above the savings rate (2.9%).

Earnings vs Market: Insufficient data to determine if ASB'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: ASB's revenue (0.4% per year) is forecast to grow slower than the Polish market (3.5% per year).

High Growth Revenue: ASB's revenue (0.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ASB's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has ASBISc Enterprises performed over the past 5 years?

58.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASB has high quality earnings.

Growing Profit Margin: ASB's current net profit margins (0.9%) are higher than last year (0.6%).


Past Earnings Growth Analysis

Earnings Trend: ASB has become profitable over the past 5 years, growing earnings by 58.1% per year.

Accelerating Growth: ASB's earnings growth over the past year (48.3%) is below its 5-year average (58.1% per year).

Earnings vs Industry: ASB earnings growth over the past year (48.3%) exceeded the Electronic industry 17.9%.


Return on Equity

High ROE: ASB's Return on Equity (16.1%) is considered low.


Next Steps

Financial Health

How is ASBISc Enterprises's financial position?


Financial Position Analysis

Short Term Liabilities: ASB's short term assets ($486.8M) exceed its short term liabilities ($407.6M).

Long Term Liabilities: ASB's short term assets ($486.8M) exceed its long term liabilities ($6.4M).


Debt to Equity History and Analysis

Debt Level: ASB's debt to equity ratio (109.6%) is considered high.

Reducing Debt: ASB's debt to equity ratio has reduced from 144.3% to 109.6% over the past 5 years.

Debt Coverage: ASB's debt is well covered by operating cash flow (49.1%).

Interest Coverage: ASB's interest payments on its debt are well covered by EBIT (3.1x coverage).


Balance Sheet


Next Steps

Dividend

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

11.11%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ASB's dividend (11.11%) is higher than the bottom 25% of dividend payers in the Polish market (1.69%).

High Dividend: ASB's dividend (11.11%) is in the top 25% of dividend payers in the Polish market (5.94%)


Stability and Growth of Payments

Stable Dividend: ASB has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: ASB's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (23.9%), ASB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ASB's dividends in 3 years are forecast to be well covered by earnings (28.6% payout ratio).


Next Steps

Management

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

5.0yrs

Average board tenure


CEO

Siarhei Kostevitch (56 yo)

no data

Tenure

US$335,000

Compensation

Mr. Sergei Kostevitch serves as the Chairman, Chief Executive Officer and President of ASBISC Enterprises Plc. Mr. Kostevitch established ASBISc Enterprises Plc in 1990 in Minsk, Belarus and within 12 year ...


CEO Compensation Analysis

Compensation vs Market: Siarhei's total compensation ($USD335.00K) is above average for companies of similar size in the Polish market ($USD156.33K).

Compensation vs Earnings: Siarhei's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Siarhei Kostevitch
Chairman of the Boardno dataUS$335.00k37.05%
$ 102.6m
Marios Christou
CFO & Executive Director18.67yrsUS$94.00k0.84%
$ 2.3m
Yuri Ulasovich
COO & Executive Director4.92yrsUS$131.00k0.38%
$ 1.1m
Constantinos Tziamalis
Director of Risk & Investor Relations and Executive Director13.33yrsUS$94.00k1.01%
$ 2.8m
Demos Demou
Non-Executive Director5yrsUS$11.00kno data
Tasos Panteli
Non Executive Director1.33yrsUS$10.00kno data

5.0yrs

Average Tenure

51.5yo

Average Age

Experienced Board: ASB's board of directors are considered experienced (5 years average tenure).


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

ASBISc Enterprises Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ASBISc Enterprises Plc
  • Ticker: ASB
  • Exchange: WSE
  • Founded: 1990
  • Industry: Technology Distributors
  • Sector: Tech
  • Market Cap: zł276.977m
  • Shares outstanding: 55.17m
  • Website: https://www.asbis.com

Number of Employees


Location

  • ASBISc Enterprises Plc
  • Diamond Court
  • 43, Kolonakiou Street
  • Limassol
  • 4103
  • Cyprus

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
0QGZLSE (London Stock Exchange)YesOrdinary SharesGBPLNOct 2006
ASBWSE (Warsaw Stock Exchange)YesOrdinary SharesPLPLNOct 2006

Biography

ASBISc Enterprises Plc, together with its subsidiaries, distributes information technology (IT) and software products. The company engages in the distribution of IT components, mobile building blocks and p ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/15 04:27
End of Day Share Price2020/08/14 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.