Financials AB S.A.

Equities

ABE

PLAB00000019

Computer Hardware

Market Closed - Warsaw S.E. 16:55:54 27/06/2024 BST 5-day change 1st Jan Change
102 PLN 0.00% Intraday chart for AB S.A. -0.97% +36.00%

Valuation

Fiscal Period: Settembre 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 318.1 468.2 904 612.7 989.1 1,614 - -
Enterprise Value (EV) 1 542.7 433.4 1,119 937.9 1,241 1,778 1,721 1,654
P/E ratio 5.5 x 7.07 x 7.33 x 4.07 x 6.35 x 9.53 x 8.73 x 8.03 x
Yield - - 1.79% 2.62% - 1.96% 2.1% 2.29%
Capitalization / Revenue 0.04 x 0.05 x 0.07 x 0.04 x 0.06 x 0.1 x 0.1 x 0.09 x
EV / Revenue 0.06 x 0.04 x 0.09 x 0.07 x 0.08 x 0.11 x 0.1 x 0.09 x
EV / EBITDA 5.52 x 3.89 x 6.12 x 4.05 x 4.2 x 5.98 x 5.55 x 5.05 x
EV / FCF 9.22 x 1.53 x -5.02 x -33.9 x 9.25 x 11.4 x 12.5 x 10.8 x
FCF Yield 10.8% 65.4% -19.9% -2.95% 10.8% 8.81% 8% 9.22%
Price to Book 0.37 x - - - - - - -
Nbr of stocks (in thousands) 16,188 16,143 16,143 16,123 15,953 15,827 - -
Reference price 2 19.65 29.00 56.00 38.00 62.00 102.0 102.0 102.0
Announcement Date 23/09/19 23/09/20 21/09/21 20/09/22 22/08/23 - - -
1PLN in Million2PLN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 8,793 10,207 13,074 14,031 15,220 15,987 16,990 17,967
EBITDA 1 98.3 111.3 182.8 231.4 295.3 297.4 310 327.3
EBIT 1 85.24 95.54 165.8 212.5 270.3 272.3 286.4 303.8
Operating Margin 0.97% 0.94% 1.27% 1.51% 1.78% 1.7% 1.69% 1.69%
Earnings before Tax (EBT) 1 71.69 85.7 - - - 216 226 243
Net income 1 57.78 66.38 123.7 151.1 158.1 171.8 183.6 198.4
Net margin 0.66% 0.65% 0.95% 1.08% 1.04% 1.07% 1.08% 1.1%
EPS 2 3.570 4.100 7.640 9.340 9.760 10.70 11.69 12.71
Free Cash Flow 1 58.87 283.4 -223 -27.68 134.2 156.6 137.8 152.6
FCF margin 0.67% 2.78% -1.71% -0.2% 0.88% 0.98% 0.81% 0.85%
FCF Conversion (EBITDA) 59.88% 254.57% - - 45.44% 52.65% 44.44% 46.61%
FCF Conversion (Net income) 101.89% 426.93% - - 84.9% 91.15% 75.05% 76.91%
Dividend per Share 2 - - 1.000 0.9972 - 2.000 2.140 2.340
Announcement Date 23/09/19 23/09/20 21/09/21 20/09/22 22/08/23 - - -
1PLN in Million2PLN
Estimates

Balance Sheet Analysis

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 225 - 215 325 252 163 107 40
Net Cash position 1 - 34.7 - - - - - -
Leverage (Debt/EBITDA) 2.285 x - 1.174 x 1.405 x 0.8536 x 0.5497 x 0.3452 x 0.1222 x
Free Cash Flow 1 58.9 283 -223 -27.7 134 157 138 153
ROE (net income / shareholders' equity) 7.66% 8.09% - - - - - -
ROA (Net income/ Total Assets) 2.86% - - - - - - -
Assets 1 2,020 - - - - - - -
Book Value Per Share 53.10 - - - - - - -
Cash Flow per Share - - - - - - - -
Capex 1 4.86 3.91 - - - 26 27 28
Capex / Sales 0.06% 0.04% - - - 0.16% 0.16% 0.16%
Announcement Date 23/09/19 23/09/20 21/09/21 20/09/22 22/08/23 - - -
1PLN in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
102 PLN
Average target price
108.5 PLN
Spread / Average Target
+6.37%
Consensus

Annual profits - Rate of surprise