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ASB

ASBISc EnterprisesWSE:ASB Stock Report

Market Cap

zł1.2b

7D

-8.1%

1Y

207.7%

Updated

27 Nov, 2021

Data

Company Financials +
ASB fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health3/6
Dividends5/6

ASB Stock Overview

ASBISc Enterprises Plc, together with its subsidiaries, engages in the distribution and trading of computer hardware and software products.

ASBISc Enterprises Competitors

Apple

NasdaqGS:AAPL

US$2.6t

Samsung Electronics

KOSE:A005930

₩486.5t

TD SYNNEX

NYSE:SNX

US$10.3b

Redington (India)

NSEI:REDINGTON

₹114.4b

Price History & Performance

Summary of all time highs, changes and price drops for ASBISc Enterprises
Historical stock prices
Current Share Pricezł22.00
52 Week Highzł28.10
52 Week Lowzł6.20
Beta0.55
1 Month Change-8.71%
3 Month Change-12.70%
1 Year Change207.69%
3 Year Change682.92%
5 Year Change648.30%
Change since IPO219.30%

Recent News & Updates

Oct 23
We Think ASBISc Enterprises (WSE:ASB) Can Stay On Top Of Its Debt

We Think ASBISc Enterprises (WSE:ASB) Can Stay On Top Of Its Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

ASBPL ElectronicPL Market
7D-8.1%-7.4%-4.1%
1Y207.7%41.0%18.6%

Return vs Industry: ASB exceeded the Polish Electronic industry which returned 41% over the past year.

Return vs Market: ASB exceeded the Polish Market which returned 18.6% over the past year.

Price Volatility

Is ASB's price volatile compared to industry and market?
ASB volatility
ASB Average Weekly Movement6.3%
Electronic Industry Average Movement4.9%
Market Average Movement5.4%
10% most volatile stocks in PL Market10.5%
10% least volatile stocks in PL Market3.2%

Stable Share Price: ASB is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ASB's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19901,837Siarhei Kostevitchhttps://www.asbis.com

ASBISc Enterprises Plc, together with its subsidiaries, engages in the distribution and trading of computer hardware and software products. The company engages in the distribution of information technology (IT) components, mobile building blocks and peripherals, and mobile IT systems to enterprises, assemblers, system integrators, local brands, and retailers; and branded finished products, including desktop PCs, laptops, servers, and networking equipment, as well as smartphones, tablet PCs, multi-boards, data storage devices, GPS devices, peripherals, accessories, and security products to SMB and retailers. It also sells accessories and gaming products.

ASBISc Enterprises Fundamentals Summary

How do ASBISc Enterprises's earnings and revenue compare to its market cap?
ASB fundamental statistics
Market CapUS$293.33m
Earnings (TTM)US$69.78m
Revenue (TTM)US$3.00b

4.2x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ASB income statement (TTM)
RevenueUS$3.00b
Cost of RevenueUS$2.79b
Gross ProfitUS$201.97m
ExpensesUS$132.19m
EarningsUS$69.78m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.26
Gross Margin6.74%
Net Profit Margin2.33%
Debt/Equity Ratio141.4%

How did ASB perform over the long term?

See historical performance and comparison

Dividends

7.6%

Current Dividend Yield

32%

Payout Ratio

Valuation

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

46.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ASB (PLN22) is trading below our estimate of fair value (PLN40.72)

Significantly Below Fair Value: ASB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ASB is good value based on its PE Ratio (4.2x) compared to the Polish Electronic industry average (7.3x).

PE vs Market: ASB is good value based on its PE Ratio (4.2x) compared to the Polish market (11.9x).


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's PB Ratio (1.7x) is in line with the PL Electronic industry average.


Future Growth

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

8.0%

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 (2.5%).

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 (8% per year) is forecast to grow slower than the Polish market (8.6% per year).

High Growth Revenue: ASB's revenue (8% 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


Past Performance

How has ASBISc Enterprises performed over the past 5 years?

54.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASB has a high level of non-cash earnings.

Growing Profit Margin: ASB's current net profit margins (2.3%) are higher than last year (1.1%).


Past Earnings Growth Analysis

Earnings Trend: ASB's earnings have grown significantly by 54% per year over the past 5 years.

Accelerating Growth: ASB's earnings growth over the past year (201.2%) exceeds its 5-year average (54% per year).

Earnings vs Industry: ASB earnings growth over the past year (201.2%) exceeded the Electronic industry 157.7%.


Return on Equity

High ROE: Whilst ASB's Return on Equity (40.43%) is outstanding, this metric is skewed due to their high level of debt.


Financial Health

How is ASBISc Enterprises's financial position?


Financial Position Analysis

Short Term Liabilities: ASB's short term assets ($734.7M) exceed its short term liabilities ($600.5M).

Long Term Liabilities: ASB's short term assets ($734.7M) exceed its long term liabilities ($6.2M).


Debt to Equity History and Analysis

Debt Level: ASB's net debt to equity ratio (45.6%) is considered high.

Reducing Debt: ASB's debt to equity ratio has increased from 137.2% to 141.4% over the past 5 years.

Debt Coverage: ASB's debt is not well covered by operating cash flow (15.3%).

Interest Coverage: ASB's interest payments on its debt are well covered by EBIT (6.6x coverage).


Balance Sheet


Dividend

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

7.57%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ASB's dividend (7.57%) is higher than the bottom 25% of dividend payers in the Polish market (2.39%).

High Dividend: ASB's dividend (7.57%) is in the top 25% of dividend payers in the Polish market (6.82%)


Stability and Growth of Payments

Stable Dividend: ASB's dividend payments have been volatile in the past 10 years.

Growing Dividend: ASB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (31.6%), 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 (38.7% payout ratio).


Next Steps

Management

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

2.6yrs

Average board tenure


CEO

Siarhei Kostevitch (57 yo)

no data

Tenure

US$524,000

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 ($USD524.00K) is above average for companies of similar size in the Polish market ($USD176.20K).

Compensation vs Earnings: Siarhei's compensation has increased by more than 20% in the past year.


Board Members

Experienced Board: ASB's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


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 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: zł1.221b
  • Shares outstanding: 55.50m
  • Website: https://www.asbis.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/27 18:01
End of Day Share Price2021/11/26 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.