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Employees: 1,111
Size Asseco Business Solutions (ABS.WA) is a Poland Information Technology company (Packaged Software) with a market value of $728M, the 49th largest of 83 Poland companies the cockpit tracks. Shares closed at PLN 85.40 on 6 Nov 2026.
Performance Over six months the shares fell 5.5%, against -10.3% for the median peer and +14.3% for the Poland market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 14.7% over the last twelve months (peer median +5.3%); the operating margin is 33.1% (peer median 5.3%).
Valuation It trades at 17.5× forward earnings against a peer median of 21.4× (6th cheapest of 12).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -7 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 25.8 points above its cost of capital (9.7% WACC).
Next results Next results expected around 9 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | PLN 522M | PLN 477M | PLN 429M | PLN 381M | PLN 339M |
| Revenue growth | — | +11% | +13% | +12% | — |
| Gross profit | PLN 246M | PLN 211M | PLN 184M | PLN 155M | PLN 139M |
| EBITDA | PLN 217M | PLN 184M | PLN 164M | PLN 144M | PLN 130M |
| Net income | PLN 157M | PLN 133M | PLN 115M | PLN 95.0M | PLN 85.3M |
| Free cash flow | PLN 212M | PLN 184M | PLN 149M | PLN 114M | PLN 111M |
| Capital expenditure | PLN 29.3M | PLN 30.7M | PLN 41.8M | PLN 37.0M | PLN 35.3M |
| Total debt | PLN 38.0M | PLN 42.7M | PLN 49.5M | PLN 49.0M | PLN 51.8M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ABS.WA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.0% | +2.0% | 6th lowest of 21 |
| 6-month return | -5.5% | -10.3% | 10th highest of 21 |
| Distance from 52-week high | -10.7% | -40.9% | 2nd highest of 21 |
| Revenue growth (TTM) | +14.7% | +5.3% | 5th highest of 21 |
| Operating margin | 33.1% | 5.3% | highest of 21 |
| Forward P/E | 17.5× | 21.4× | 6th cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | 3.8% | 11.9% | 4th least demanding of 15 |
| Growth delivered (Del g) | +11.1% | +11.8% | 7th lowest of 15 |
| Hurdle (Req g minus delivered) | -7.2 pp | -3.9 pp | 7th least demanding of 15 |
| ROIC minus cost of capital | +25.8 pp | -5.0 pp | 2nd highest of 18 |
| EV / EBITDA | 13.2× | 10.7× | 4th most expensive of 10 |
| Net debt / EBITDA | 0.1× | -0.6× | 6th most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Asseco Business Solutions ABS.WA | Poland | $728M | -6% | +15% | 33% | 17.5× | 3.8% | +11.1% |
| New Trend International Logis-Tech 300532.SZ | China | $728M | -7% | +56% | 7% | n/a | n/a | n/a |
| CaoCao 2643.HK | Hong Kong | $725M | -59% | +38% | -3% | n/a | n/a | n/a |
| Docebo DCBO.TO | Canada | $732M | +44% | +11% | 9% | 17.4× | 14.1% | +32.1% |
| Similarweb SMWB | United States | $724M | +141% | +10% | -2% | 29.0× | 28.2% | +24.8% |
| Pexip PEXIP.OL | Norway | $722M | -18% | +9% | 26% | 21.4× | -0.3% | +12.6% |
| IRESS IRE.AX | Australia | $739M | -4% | -14% | 17% | 12.8× | 10.2% | +0.5% |
| Shenzhen Tianyuan DIC Information Technology 300047.SZ | China | $743M | -32% | +14% | 1% | n/a | n/a | n/a |
| Beijing Supermap Software 300036.SZ | China | $744M | -33% | -24% | -21% | n/a | 30.5% | -1.2% |
| Sichuan Jiuyuan Yinhai Software 002777.SZ | China | $746M | -22% | -13% | 4% | 46.9× | 31.2% | +1.3% |
| SGSG Science & Technology Co., Ltd. Zhuhai 300561.SZ | China | $749M | -14% | +13% | -40% | n/a | n/a | n/a |
| Truecaller TRUE-B.ST | Sweden | $750M | +69% | -16% | 19% | 24.7× | 11.3% | +31.2% |
| Lectra LSS.PA | France | $754M | +10% | -6% | 6% | 21.7× | 12.6% | +16.5% |
| Linewell Software 603636.SS | China | $755M | -2% | -42% | -111% | 22.4× | 16.4% | -11.5% |
| WingArc1st 4432.T | Japan | $755M | +29% | +15% | 30% | 15.4× | -7.6% | +11.1% |
| AhnLab 053800.KS | South Korea | $696M | +57% | +10% | 13% | n/a | 4.5% | +8.5% |
| Shenzhen Bingchuan Network 300533.SZ | China | $763M | -18% | -5% | -10% | n/a | 4.7% | +46.0% |
| Enghouse Systems ENGH.TO | Canada | $695M | +1% | -5% | 19% | 13.8× | -14.5% | -0.2% |
| Intellect Design Arena INTELLECT.NS | India | $766M | -34% | +17% | 12% | 17.0× | 28.1% | +15.2% |
| UBISOFT Entertainment UBI.PA | France | $692M | -15% | -27% | -87% | n/a | n/a | n/a |
| Sunyard Technology 600571.SS | China | $690M | -22% | +1% | -1% | n/a | n/a | n/a |