WSE:ASB

Stock Analysis Report

ASBISc Enterprises

Executive Summary

ASBISc Enterprises Plc, together with its subsidiaries, trades in and distributes computer hardware and software products.

Snowflake

Fundamentals

Undervalued average dividend payer.

Risks

  • ASBISc Enterprises is covered by less than 3 analysts.

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


Market Performance


7 Day Return

4.9%

WSE:ASB

0.3%

PL Electronic

-2.6%

PL Market


1 Year Return

-22.6%

WSE:ASB

-10.8%

PL Electronic

-8.1%

PL Market

ASB underperformed the Electronic industry which returned -10.9% over the past year.

ASB underperformed the Market in Poland which returned -8.2% over the past year.


Share holder returns

ASBIndustryMarket
7 Day4.9%0.3%-2.6%
30 Day-2.5%-0.8%-9.3%
90 Day-10.6%-1.9%-5.3%
1 Year-10.6%-22.6%-7.9%-10.8%-5.3%-8.1%
3 Year26.7%-1.7%-23.4%-30.9%7.8%-0.1%
5 Year19.7%-7.1%-34.4%-46.2%-1.8%-14.4%

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 based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

ASBISc Enterprises's share price is below the future cash flow value, and at a moderate discount (> 20%).

ASBISc Enterprises's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

ASBISc Enterprises is good value based on earnings compared to the PL Electronic industry average.

ASBISc Enterprises is good value based on earnings compared to the Poland market.


Price Based on Expected Growth

Unable to calculate PEG ratio for ASBISc Enterprises, we can't assess if its growth is good value.


Price Based on Value of Assets

ASBISc Enterprises is good value based on assets compared to the PL Electronic industry average.


Next Steps

Future Growth

How is ASBISc Enterprises expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

6.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

ASBISc Enterprises's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

ASBISc Enterprises's earnings are expected to grow by 6.3% yearly, however this is not considered high growth (20% yearly).

ASBISc Enterprises's revenues are expected to decrease over the next 1-3 years, this is below the Poland market average.

ASBISc Enterprises's earnings growth is positive but not above the Poland market average.

ASBISc Enterprises's earnings growth is expected to exceed the low risk savings rate of 2.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if ASBISc Enterprises will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has ASBISc Enterprises performed over the past 5 years?

53.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

ASBISc Enterprises has delivered over 20% year on year earnings growth in the past 5 years.

ASBISc Enterprises's 1-year earnings growth is less than its 5-year average (31.9% vs 53.9%)

ASBISc Enterprises's earnings growth has exceeded the PL Electronic industry average in the past year (31.9% vs 25.9%).


Return on Equity

ASBISc Enterprises has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

ASBISc Enterprises used its assets less efficiently than the PL Electronic industry average last year based on Return on Assets.


Return on Capital Employed

ASBISc Enterprises has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is ASBISc Enterprises's financial position?


Financial Position Analysis

ASBISc Enterprises is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

ASBISc Enterprises's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

ASBISc Enterprises's level of debt (134.8%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (158.2% vs 134.8% today).

Debt is not well covered by operating cash flow (13.5%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 2.3x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 3.1x debt.


Next Steps

Dividend

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

8.85%

Expected Dividend Yield


Dividend Yield and Payments Analysis

ASBISc Enterprises's pays a higher dividend yield than the bottom 25% of dividend payers in Poland (2.91%).

ASBISc Enterprises's dividend is above the markets top 25% of dividend payers in Poland (7.33%).

ASBISc Enterprises has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Dividend payments have increased, but ASBISc Enterprises only paid a dividend in the past 7 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (4.2x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).


Next Steps

Management

What is the CEO of ASBISc Enterprises's salary, the management and board of directors tenure and is there insider trading?

4.0yrs

Average board tenure


CEO

Siarhei Kostevitch (55yo)

US$434,000

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

Siarhei's remuneration is higher than average for companies of similar size in Poland.

Siarhei's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

4.0yrs

Average Tenure

51yo

Average Age

The tenure for the ASBISc Enterprises board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Siarhei Kostevitch (55yo)

    Chairman of the Board

    • Compensation: $434.00k
  • Marios Christou (51yo)

    CFO & Executive Director

    • Compensation: $97.00k
  • Constantinos Tziamalis (44yo)

    Director of Risk & Investor Relations and Executive Director

    • Tenure: 12.3yrs
    • Compensation: $97.00k
  • Yuri Ulasovich (57yo)

    COO & Executive Director

    • Tenure: 4.0yrs
    • Compensation: $138.00k
  • Loizos Papavassiliou

    Financial Controller


Board Members

  • Siarhei Kostevitch (55yo)

    Chairman of the Board

    • Compensation: $434.00k
  • Marios Christou (51yo)

    CFO & Executive Director

    • Tenure: 17.7yrs
    • Compensation: $97.00k
  • Constantinos Tziamalis (44yo)

    Director of Risk & Investor Relations and Executive Director

    • Tenure: 12.3yrs
    • Compensation: $97.00k
  • Yuri Ulasovich (57yo)

    COO & Executive Director

    • Tenure: 3.9yrs
    • Compensation: $138.00k
  • Demos Demou (50yo)

    Non-Executive Director

    • Tenure: 4.0yrs
    • Compensation: $1.00k
  • Tasos Panteli

    Non Executive Director

    • Tenure: 0.3yrs

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: zł130.941m
  • Shares outstanding: 55.48m
  • Website: Click here

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASBWSE (Warsaw Stock Exchange)YesOrdinary SharesPLPLNOct 2006

Biography

ASBISc Enterprises Plc, together with its subsidiaries, trades in and distributes computer hardware and software products. The company engages in the distribution of information technology (IT) components, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 21:04
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.