Upcoming Dividend • 10h
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 15 May 2026. Payment date: 28 May 2026. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Polish dividend payers (7.2%). Lower than average of industry peers (3.8%). Buy Or Sell Opportunity • May 07
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 82% to zł68.00. The fair value is estimated to be zł55.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has declined by 15%. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to zł52.35, the stock trades at a trailing P/E ratio of 13.3x. Average forward P/E is 17x in the Electronic industry in Poland. Total returns to shareholders of 128% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at zł40.80 per share. Buy Or Sell Opportunity • Apr 10
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 46% to zł49.40. The fair value is estimated to be zł40.78, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has declined by 15%. Declared Dividend • Apr 09
Final dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 15th May 2026 Payment date: 28th May 2026 Dividend yield will be 1.9%, which is lower than the industry average of 5.1%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 38% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 08
ASBISc Enterprises Plc, Annual General Meeting, May 06, 2026 ASBISc Enterprises Plc, Annual General Meeting, May 06, 2026, at 11:00 GTB Standard Time. Location: 1, iapetou street agios athanasios, 4101 limassol, Cyprus Reported Earnings • Mar 03
Full year 2025 earnings released: EPS: US$1.09 (vs US$0.98 in FY 2024) Full year 2025 results: EPS: US$1.09 (up from US$0.98 in FY 2024). Revenue: US$3.86b (up 28% from FY 2024). Net income: US$60.6m (up 11% from FY 2024). Profit margin: 1.6% (down from 1.8% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Electronic industry in Poland. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. New Risk • Nov 19
New major risk - Revenue and earnings growth Earnings have declined by 1.2% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 1.2% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows. Declared Dividend • Nov 07
First half dividend of US$0.20 announced Shareholders will receive a dividend of US$0.20. Ex-date: 14th November 2025 Payment date: 27th November 2025 Dividend yield will be 4.6%, which is lower than the industry average of 5.1%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but not covered by cash flows (233% cash payout ratio). The dividend has increased by an average of 42% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 06
ASBISc Enterprises Plc to Report Q3, 2025 Results on Nov 06, 2025 ASBISc Enterprises Plc announced that they will report Q3, 2025 results on Nov 06, 2025 Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: US$0.22 (vs US$0.11 in 2Q 2024) Second quarter 2025 results: EPS: US$0.22 (up from US$0.11 in 2Q 2024). Revenue: US$949.3m (up 47% from 2Q 2024). Net income: US$12.1m (up 96% from 2Q 2024). Profit margin: 1.3% (up from 1.0% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Electronic industry in Poland. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to zł29.70, the stock trades at a trailing P/E ratio of 9.5x. Average forward P/E is 19x in the Electronic industry in Poland. Total returns to shareholders of 152% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at zł40.23 per share. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to zł24.90, the stock trades at a trailing P/E ratio of 8x. Average forward P/E is 17x in the Electronic industry in Poland. Total returns to shareholders of 150% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at zł36.01 per share. Upcoming Dividend • May 09
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 16 May 2025. Payment date: 29 May 2025. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 8.1%. Within top quartile of Polish dividend payers (7.1%). Higher than average of industry peers (5.0%). Announcement • May 08
Asbisc Enterprises plc Approves Dividend for 2024, Payable on May 29, 2025 ASBISc Enterprises Plc in its Annual General Meeting of Shareholders held on May 7, 2025 approved final dividend payment for the year ended December 31, 2024 amounting to USD 0.30 per share, in line with the recommendation of the Company's Board of Directors. The Annual General Meeting has acknowledged the decision of the Board of Directors to approve an interim dividend of USD 0.20 per share, paid in December 2024. The remaining part of the profit for the year ended December 31st, 2024, will be transferred to retained earnings. The Annual General Meeting of Shareholders sets the dividend date for 19 of May 2025 and the dividend payout date for 29 of May 2025. Announcement • Apr 14
ASBISc Enterprises Plc, Annual General Meeting, May 07, 2025 ASBISc Enterprises Plc, Annual General Meeting, May 07, 2025. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to zł21.12, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 14x in the Electronic industry in Europe. Total returns to shareholders of 123% over the past three years. Reported Earnings • Apr 01
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: US$0.98 (up from US$0.96 in FY 2023). Revenue: US$3.01b (down 1.7% from FY 2023). Net income: US$54.4m (up 2.6% from FY 2023). Profit margin: 1.8% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.7%. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Poland. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. New Risk • Feb 27
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 8.9% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (8.9% operating cash flow to total debt). Minor Risk Dividend is not well covered by cash flows (354% cash payout ratio). Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to zł21.50, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 14x in the Electronic industry in Europe. Total returns to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at zł36.04 per share. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: US$0.17 (vs US$0.40 in 3Q 2023) Third quarter 2024 results: EPS: US$0.17 (down from US$0.40 in 3Q 2023). Revenue: US$722.5m (down 6.4% from 3Q 2023). Net income: US$9.67m (down 57% from 3Q 2023). Profit margin: 1.3% (down from 2.9% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 8.6% p.a. on average during the next 3 years, while revenues in the Electronic industry in Poland are expected to grow by 7.2%. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. New Risk • Aug 09
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 7.7% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (7.7% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (457% cash payout ratio). Profit margins are more than 30% lower than last year (1.5% net profit margin). Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: US$0.11 (vs US$0.20 in 2Q 2023) Second quarter 2024 results: EPS: US$0.11 (down from US$0.20 in 2Q 2023). Revenue: US$645.9m (down 4.2% from 2Q 2023). Net income: US$6.17m (down 46% from 2Q 2023). Profit margin: 1.0% (down from 1.7% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 8.6% p.a. on average during the next 3 years, while revenues in the Electronic industry in Poland are expected to grow by 7.4%. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 10% per year. Buy Or Sell Opportunity • Jul 18
Now 24% overvalued Over the last 90 days, the stock has fallen 4.0% to zł24.20. The fair value is estimated to be zł19.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to decline by 28% in 2 years. Earnings are forecast to grow by 49% in the next 2 years. Upcoming Dividend • Jun 07
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 27 June 2024. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 7.8%. Within top quartile of Polish dividend payers (7.7%). Higher than average of industry peers (4.5%). Announcement • May 10
Asbis Provides Earnings Guidance for the Year 2024 Asbis provided earnings guidance for the year 2024. Financial forecast for 2024, which assumes revenues of between USD 3.1 billion and USD 3.4 billion and net profit after tax of between USD 60 million and USD 64 million. New Risk • May 09
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 51% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (51% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.6% net profit margin). Reported Earnings • May 09
First quarter 2024 earnings released: EPS: US$0.25 (vs US$0.31 in 1Q 2023) First quarter 2024 results: EPS: US$0.25 (down from US$0.31 in 1Q 2023). Revenue: US$713.2m (down 1.2% from 1Q 2023). Net income: US$14.1m (down 19% from 1Q 2023). Profit margin: 2.0% (down from 2.4% in 1Q 2023). Revenue is expected to fall by 47% p.a. on average during the next 3 years compared to a 6.2% decline forecast for the Electronic industry in Poland. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 2% per year. Announcement • May 09
Asbis to Pay Additional Dividend from Profit for 2023, Payable on June 27, 2024 Asbis will pay additional USD 0.3 dividend per share from profit for 2023. The group's total dividend from 2023 profit, including USD 0.2 dividend advance paid out in December 2023, will amount to USD 0.5 per share, which means a total payout of approximately USD 27.7 million. Ordinary general meeting set the dividend right date at June 17, 2024 and the dividend payout date at June 27, 2024. Buy Or Sell Opportunity • May 06
Now 22% overvalued Over the last 90 days, the stock has fallen 6.9% to zł26.04. The fair value is estimated to be zł21.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to decline by 46% per annum. Earnings are forecast to grow by 10% per annum over the same time period. Announcement • May 03
ASBISc Enterprises Plc to Report First Half, 2024 Results on Aug 08, 2024 ASBISc Enterprises Plc announced that they will report first half, 2024 results on Aug 08, 2024 Declared Dividend • Apr 07
Final dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 14th June 2024 Payment date: 27th June 2024 Dividend yield will be 4.0%, which is lower than the industry average of 5.1%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but not covered by cash flows (100% cash payout ratio). The dividend has increased by an average of 26% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 35% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 06
ASBISc Enterprises Plc, Annual General Meeting, May 08, 2024 ASBISc Enterprises Plc, Annual General Meeting, May 08, 2024, at 10:30 Central European Standard Time. Reported Earnings • Apr 01
Full year 2023 earnings released: EPS: US$0.96 (vs US$1.37 in FY 2022) Full year 2023 results: EPS: US$0.96 (down from US$1.37 in FY 2022). Revenue: US$3.06b (up 14% from FY 2022). Net income: US$53.0m (down 30% from FY 2022). Profit margin: 1.7% (down from 2.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 46% p.a. on average during the next 3 years, while revenues in the Electronic industry in Europe are expected to grow by 7.7%. 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 16% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 27
ASBISc Enterprises Plc Recommends Dividend for the Year 2023 ASBISc Enterprises Plc announced its management board will recommend to the general meeting that USD 0.30 per share be paid out of net profit after tax for 2023 as dividend. The company has already paid an interim dividend of USD 0.20 per share from its 2023 profit. If the recommendation of the management board is approved by the AGM, the total dividend on the 2023 profit could be USD 0.50 per share, which would imply a total distribution of USD 27.750,000 from the 2023 net profit after tax. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: US$0.96 (vs US$1.37 in FY 2022) Full year 2023 results: EPS: US$0.96 (down from US$1.37 in FY 2022). Revenue: US$3.06b (up 14% from FY 2022). Net income: US$53.0m (down 30% from FY 2022). Profit margin: 1.7% (down from 2.8% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% 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 03
Asbis Enterprises Plc Provides Earnings Guidance for the Year 2023 Asbis Enterprises Plc provided earnings guidance for the year 2023. For the year, the company expects the group's net profit for 2023 to decrease by approximately USD 25 million. The company would achieve its 2023 forecast net profit of USD 78 million. Announcement • Nov 23
Asbis Provides Consolidated Revenues Guidance for the Month of October 2023 Asbis provided consolidated revenues guidance for the month of October 2023. The company estimates it had consolidated revenues of about USD 261 million in October, up from USD 200 million in the same period last year, an increase of about 30%. Upcoming Dividend • Nov 17
Upcoming dividend of US$0.20 per share at 6.6% yield Eligible shareholders must have bought the stock before 24 November 2023. Payment date: 07 December 2023. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 6.6%. Lower than top quartile of Polish dividend payers (8.0%). Higher than average of industry peers (5.4%). Reported Earnings • Nov 10
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: US$771.8m (up 11% from 3Q 2022). Net income: US$22.4m (up 11% from 3Q 2022). Profit margin: 2.9% (in line with 3Q 2022). Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: US$0.20 (vs US$0.20 in 2Q 2022) Second quarter 2023 results: EPS: US$0.20 (up from US$0.20 in 2Q 2022). Revenue: US$674.1m (up 31% from 2Q 2022). Net income: US$11.4m (up 2.6% from 2Q 2022). Profit margin: 1.7% (down from 2.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.6% p.a. on average during the next 3 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 32% per year but the company’s share price has increased by 84% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Aug 08
Now 21% undervalued Over the last 90 days, the stock is up 3.9%. The fair value is estimated to be zł39.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 41%. Upcoming Dividend • Jun 16
Upcoming dividend of US$0.25 per share at 6.5% yield Eligible shareholders must have bought the stock before 23 June 2023. Payment date: 06 July 2023. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 6.5%. Lower than top quartile of Polish dividend payers (7.2%). In line with average of industry peers (6.3%). Buying Opportunity • May 22
Now 23% undervalued Over the last 90 days, the stock is up 24%. The fair value is estimated to be zł37.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 41%. Reported Earnings • May 12
First quarter 2023 earnings released: EPS: US$0.31 (vs US$0.24 in 1Q 2022) First quarter 2023 results: EPS: US$0.31 (up from US$0.24 in 1Q 2022). Revenue: US$722.0m (up 19% from 1Q 2022). Net income: US$17.5m (up 29% from 1Q 2022). Profit margin: 2.4% (up from 2.2% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Electronic industry in Europe. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 101% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 05
Full year 2022 earnings released: EPS: US$1.37 (vs US$1.39 in FY 2021) Full year 2022 results: EPS: US$1.37 (down from US$1.39 in FY 2021). Revenue: US$2.69b (down 13% from FY 2021). Net income: US$75.9m (down 1.5% from FY 2021). Profit margin: 2.8% (up from 2.5% in FY 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 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 49% per year but the company’s share price has increased by 116% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Mar 28
Now 21% undervalued Over the last 90 days, the stock is up 24%. The fair value is estimated to be zł36.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 49%. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: US$1.37 (vs US$1.39 in FY 2021) Full year 2022 results: EPS: US$1.37 (down from US$1.39 in FY 2021). Revenue: US$2.69b (down 13% from FY 2021). Net income: US$75.9m (down 1.5% from FY 2021). Profit margin: 2.8% (up from 2.5% in FY 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Electronic industry in Europe. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has increased by 100% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 02
ASBISc Enterprises Plc Provides Revenue Guidance for the Full Year 2023 ASBISc Enterprises Plc provided revenue guidance for the full year 2023. For the year, the company expects sales revenues will be better than 2022. Announcement • Jan 24
ASBIS Provides Revenue Guidance for the Month of December 2022 ASBIS provided revenue guidance for the month of December 2022. For the period, the company likely recorded a 24% decline of group revenues to USD 303 million in December, thus meeting the annual financial guidance. Announcement • Dec 23
ASBISc Enterprises Plc Provides Consolidated Earnings Guidance for the Month of November 2022 ASBISc Enterprises Plc provided consolidated earnings guidance for the month of November 2022. For the period, the company expects revenues amounted to approx. USD 275 million and were approx. 10% lower as compared to revenues for November 2021 (USD 306 million). Announcement • Dec 22
ASBISc Enterprises Plc Revises Earnings Guidance for the Year 2022 ASBISc Enterprises Plc revised earnings guidance for the year 2022. The company expects to meet its recently increased 2022 guidance, both in terms of sales and profits. The company targets USD 70 million - USD 74 million net profit on USD 2.4 billion - USD 2.8 billion revenues. Announcement • Nov 23
ASBISc Enterprises Plc Provides Consolidated Revenues Guidance for the Month of October 2022 ASBISc Enterprises Plc provided consolidated revenues guidance for the month of October 2022. The estimated consolidated revenues for October 2022 amounted to approx. USD 200 million and were approx. 19% lower as compared to revenues for October 2021 (USD 246 million). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Maria Petridou was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 11
ASBISc Enterprises Plc (WSE:ASB) agreed to acquire 16% of Promed Bioscience Ltd for €0.8 million. ASBISc Enterprises Plc (WSE:ASB) agreed to acquire 16% of Promed Bioscience Ltd for €0.8 million on November 9, 2022. Upcoming Dividend • Nov 09
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 16 November 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 7.3% but the company is paying out more than the cash it is generating. Trailing yield: 6.1%. Lower than top quartile of Polish dividend payers (8.8%). In line with average of industry peers (6.1%). Reported Earnings • Nov 04
Third quarter 2022 earnings released: EPS: US$0.36 (vs US$0.33 in 3Q 2021) Third quarter 2022 results: EPS: US$0.36 (up from US$0.33 in 3Q 2021). Revenue: US$698.7m (down 2.5% from 3Q 2021). Net income: US$20.1m (up 10% from 3Q 2021). Profit margin: 2.9% (up from 2.5% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Electronic industry in Europe. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has increased by 103% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 03
ASBISc Enterprises Plc Announces Interim Dividend from the Company's Profit for 2022, Payable on December 1St, 2022 The Board of Directors of ASBISc Enterprises Plc hereby informed, that on November 2nd, 2022 made a resolution on payment of the interim dividend from the Company's profit for 2022 with the total amount of USD 11,100,000.00. All 55,500,000 of the Company’s shares are subject to the interim dividend, which means USD 0.20 per share. The Board of Directors set the record date on November 17th, 2022 and the payment date on December 1st, 2022. Announcement • Oct 22
ASBISc Enterprises Plc Provides Consolidated Revenues Guidance for the Month of September 2022 ASBISc Enterprises Plc provided consolidated revenues guidance for the month of September 2022. The estimated consolidated revenues for September 2022 amounted to approximately USD 291 million and were approximately 19% higher as compared to revenues for September 2021 (USD 244 million). Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 17% share price gain to zł18.35, the stock trades at a trailing P/E ratio of 2.8x. Average forward P/E is 16x in the Electronic industry in Poland. Total returns to shareholders of 864% over the past three years. Announcement • Sep 21
ASBISc Enterprises Plc Provides Consolidated Revenue Guidance for August 2022 ASBISc Enterprises Plc provided consolidated revenue guidance for August 2022. The estimated consolidated revenues for August 2022 amounted to approx. USD 207 million and were approx. 15% lower as compared to revenues for August 2021 (USD 243 million). Announcement • Aug 23
ASBISc Enterprises Plc Announces consolidated revenue Guidance for July 2022 ASBISc Enterprises Plc estimated consolidated revenues for July 2022 amounted to approx. USD 202 million and were approx. 12% lower as compared to revenues for July 2021 (USD 230 million). Announcement • Aug 13
ASBISc Enterprises Plc Provides Earnings Guidance for 2022 ASBISc Enterprises Plc provides earnings guidance for 2022. For the period, The company expects USD 2.2 million - USD 2.4 billion sales revenues and USD 48 million - USD 52 million net profit in for 2022. Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: US$0.20 (vs US$0.27 in 2Q 2021) Second quarter 2022 results: EPS: US$0.20 (down from US$0.27 in 2Q 2021). Revenue: US$516.4m (down 24% from 2Q 2021). Net income: US$11.1m (down 26% from 2Q 2021). Profit margin: 2.1% (in line with 2Q 2021). Over the next year, revenue is expected to shrink by 12% compared to a 14% growth forecast for the industry in Poland. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has increased by 89% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 22
Asbisc Enterprises plc Provides Consolidated Revenue Guidance for the Month of June 2022 ASBISc Enterprises Plc provided consolidated revenue guidance for the month of June 2022. For the month, the company estimated consolidated revenues for June 2022 amounted to approx. USD 207 million and were approx. 14% lower as compared to revenues for June 2021 (USD 240 million). Announcement • Jun 21
Asbisc Enterprises plc Provides Consolidated Revenue Guidance for the Month of May 2022 ASBISc Enterprises Plc provided consolidated revenue guidance for the month of May 2022. For the month, the company estimated consolidated revenues amounted to approx. USD 168 million and were approx. 22% lower as compared to revenues for May 2021 (USD 215 million). Reported Earnings • May 06
First quarter 2022 earnings released: EPS: US$0.29 (vs US$0.27 in 1Q 2021) First quarter 2022 results: EPS: US$0.29 (up from US$0.27 in 1Q 2021). Revenue: US$694.6m (down 5.3% from 1Q 2021). Net income: US$16.1m (up 6.0% from 1Q 2021). Profit margin: 2.3% (up from 2.1% in 1Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is expected to shrink by 35% compared to a 16% growth forecast for the industry in Poland. Over the last 3 years on average, earnings per share has increased by 70% per year whereas the company’s share price has increased by 68% per year. Upcoming Dividend • May 06
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 13 May 2022. Payment date: 26 May 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 10%. Within top quartile of Polish dividend payers (7.7%). Lower than average of industry peers (13%). Announcement • May 05
ASBISc Enterprises Plc Declares Dividend for 2021, Payable on May 26, 2022 ASBISc Enterprises Plc announced that at the AGM was held on May 4, 2022, the company declared a dividend payment of USD 0.10 per share in line with the recommendation of the Company's Board of Directors. The Annual General Meeting of Shareholders set the dividend date for May 16th, 2022 and the dividend pay-out date for May 26th, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Maria Petridou was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 21
ASBISc Enterprises Plc Provides Consolidated Revenue Guidance for March 2022 ASBISc Enterprises Plc provided revenue guidance for March 2022. For the month, company estimated consolidated revenues amounted to approx. USD 209 million and were approx. 20% lower as compared to revenues for March 2021 (USD 261 million). Announcement • Apr 09
ASBISc Enterprises Plc, Annual General Meeting, May 04, 2022 ASBISc Enterprises Plc, Annual General Meeting, May 04, 2022. Agenda: To Receive and consider the report of the directors’ and the financial statement of accounts and the balance sheet of the company for the year ended December 31, 2021 with the auditors' report; to consider approval and adoption of the directors' and auditors' reports of the Company for the year ended December 31, 2021; to consider approval and adoption of the audited financial statements of the Company for the year ended December 31, 2021; to consider approval and adoption of the auditors' remuneration for the year ended 31 December 2021; to consider decision on the authorization of the Board of Directors of the Company to appoint the auditors of the company and fix their remuneration for the year 2022 at a later date; to Consider and adopt resolutions on the re-election of the Directors; to consider decision on the dividend for the year ended December 31, 2021; and to consider other matters. Reported Earnings • Apr 06
Full year 2021 earnings released: EPS: US$1.39 (vs US$0.66 in FY 2020) Full year 2021 results: EPS: US$1.39 (up from US$0.66 in FY 2020). Revenue: US$3.08b (up 30% from FY 2020). Net income: US$77.0m (up 111% from FY 2020). Profit margin: 2.5% (up from 1.5% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 11%, compared to a 16% growth forecast for the industry in Poland. Over the last 3 years on average, earnings per share has increased by 72% per year whereas the company’s share price has increased by 69% per year. Announcement • Apr 06
ASBISc Enterprises Plc (WSE:ASB) commences an Equity Buyback Plan for 2,000,000 shares, for a total of $1 million, under the authorization approved on March 28, 2022. ASBISc Enterprises Plc (WSE:ASB) commences share repurchases on March 31, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on March 28, 2022. As per the mandate, the company is authorized to repurchase up to 2,000,000 shares, for a total of $1 million. The shares will be repurchased for a maximum price of PLN 30 per share and at a minimum price of PLN 1 per share. The program will be valid for a period of 12 months, from the date of passing this resolution. Announcement • Mar 31
ASBISc Enterprises Plc Board of Directors Recommends on the Final Dividend for 2021 The Board of Directors of ASBISc Enterprises Plc informed that on March 30th, 2022, based on audited consolidated financial statements of the Company's for year 2021, made a resolution to recommend to the forthcoming Annual General Meeting of Shareholders (the AGM) the payment of a final dividend out of the year 2021 net profit after tax. The Board of Directors will recommend to the AGM to pay USD 0.10 per share, which gives an amount of USD 5,550,000 out of the year 2021 net profit after tax. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improved over the past week After last week's 36% share price gain to zł14.00, the stock trades at a trailing P/E ratio of 2.4x. Average forward P/E is 21x in the Electronic industry in Poland. Total returns to shareholders of 593% over the past three years. Reported Earnings • Feb 24
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: US$1.39 (up from US$0.66 in FY 2020). Revenue: US$3.08b (up 30% from FY 2020). Net income: US$77.0m (up 111% from FY 2020). Profit margin: 2.5% (up from 1.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 11%, compared to a 15% growth forecast for the industry in Poland. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 60% per year, which means it is significantly lagging earnings growth. Announcement • Feb 24
ASBISc Enterprises plc Provides Revenue Guidance for January 2022 ASBISc Enterprises Plc provided revenue guidance for January 2022. Estimated consolidated revenues for January 2022 amounted to approx. USD 242 million and were approx. 5% higher as compared to revenues for January 2021 (USD 231 million).