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Cyprus-based IT products distributor supplying computer hardware and electronics across Central/Eastern Europe, the Middle East and Africa.
Cyprus-based IT products distributor supplying computer hardware and electronics across Central/Eastern Europe, the Middle East and Africa.
Buys IT hardware from global makers and resells it to retailers and resellers in emerging markets, living on a thin mark-up per sale and fast stock turnover. Own brands, such as Canyon, earn a better margin but are the smaller part. Its founder, Siarhei Kostevitch, is the largest shareholder.
In one line: A CEE/MEA IT hardware distributor, like a regional Tech Data/Ingram Micro.
Moat: none (scale, distribution). Distribution scale and vendor relationships in a low-margin, competitive IT distribution business.
Headquarters: Limassol, Cyprus · Founded: 1995
Size ASBISc Enterprises (ASB.WA) is a Poland Information Technology company (Electronics Distributors) with a market value of $2.17B, the 29th largest of 83 Poland companies the cockpit tracks. Shares closed at PLN 153.00 on 6 Nov 2026.
Performance Over six months the shares gained 123.4%, against -13.1% for the median peer and +14.3% for the Poland market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 43.3% over the last twelve months (peer median +20.3%); the operating margin is 3.7% (peer median 4.1%).
Valuation It trades at 12.6× forward earnings against a peer median of 16.2× (4th cheapest of 15).
Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 24.9 points above its cost of capital (13.0% WACC).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | PLN 18.7B | PLN 14.5B | PLN 12.0B | PLN 12.9B | PLN 12.0B |
| Revenue growth | — | +21% | -7% | +7% | — |
| Gross profit | PLN 1.43B | PLN 1.05B | PLN 956M | PLN 1.06B | PLN 1.02B |
| EBITDA | PLN 732M | PLN 454M | PLN 410M | PLN 463M | PLN 521M |
| Net income | PLN 444M | PLN 228M | PLN 217M | PLN 223M | PLN 338M |
| Free cash flow | PLN 954M | PLN 401M | -PLN 2.92M | PLN 64.5M | -PLN 201M |
| Capital expenditure | PLN 116M | PLN 76.3M | PLN 75.2M | PLN 74.3M | PLN 51.3M |
| Total debt | PLN 1.11B | PLN 1.04B | PLN 1.24B | PLN 997M | PLN 1.02B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| ASBISc Enterprises ASB.WA | $2.17B | +123% | +43% | 4% | 12.6× | 5.9% |
| TD SYNNEX SNX | $17.4B | -9% | +24% | 3% | 9.3× | n/a |
| Ingram Micro INGM | $5.85B | -6% | +15% | 2% | 6.8× | 2.9% |
| ALSO ALSN.SW | $3.01B | +17% | +29% | 2% | 16.7× | -4.4% |
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 | ASB.WA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -16.1% | -7.5% | 5th lowest of 21 |
| 6-month return | +123.4% | -13.1% | 2nd highest of 21 |
| Distance from 52-week high | -22.3% | -34.7% | 7th highest of 21 |
| Revenue growth (TTM) | +43.3% | +20.3% | 7th highest of 21 |
| Operating margin | 3.7% | 4.1% | 10th lowest of 21 |
| Forward P/E | 12.6× | 16.2× | 4th cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | 5.9% | -4.4% | 4th most demanding of 10 |
| Growth delivered (Del g) | +9.5% | +8.4% | 5th highest of 10 |
| Hurdle (Req g minus delivered) | -3.6 pp | -12.8 pp | 3rd most demanding of 10 |
| ROIC minus cost of capital | +24.9 pp | +2.9 pp | 2nd highest of 21 |
| Net debt / EBITDA | -0.0× | 0.7× | 2nd least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| ASBISc Enterprises ASB.WA | Poland | $2.17B | +123% | +43% | 4% | 12.6× | 5.9% | +9.5% |
| Xi'an Novastar Tech 301589.SZ | China | $2.12B | -9% | +15% | 17% | 22.0× | 15.9% | +28.7% |
| Shenzhen CECport Technologies 001287.SZ | China | $2.28B | -24% | +138% | 2% | n/a | n/a | n/a |
| SoftwareOne SWON.SW | Switzerland | $2.30B | +11% | +62% | 12% | 12.6× | -5.7% | +8.4% |
| Nanjing Sunlord Electronics 300975.SZ | China | $2.40B | -11% | +109% | 8% | n/a | n/a | n/a |
| BIPROGY 8056.T | Japan | $2.47B | -3% | +4% | 10% | 13.1× | -9.5% | +7.1% |
| SINBON Electronics 3023.TW | Taiwan | $1.88B | -11% | +9% | 10% | 15.4× | -0.1% | +7.3% |
| Qi An Xin Technology 688561.SS | China | $2.61B | -15% | -14% | -45% | n/a | n/a | n/a |
| Daiwabo 3107.T | Japan | $1.79B | +4% | +14% | 3% | 10.8× | -7.7% | +5.3% |
| Shenzhen Yitoa Intelligent Control 300131.SZ | China | $1.68B | -39% | +3% | 0% | n/a | n/a | n/a |
| Wuhan P&S Information Technology 300184.SZ | China | $1.63B | -29% | +48% | 5% | 15.8× | n/a | n/a |
| Resideo Technologies REZI | United States | $2.95B | +6% | +3% | 8% | 13.8× | n/a | n/a |
| ALSO ALSN.SW | Switzerland | $3.01B | +17% | +29% | 2% | 16.7× | -4.4% | -0.1% |
| Shenzhen Huaqiang Industry 000062.SZ | China | $3.04B | -48% | +48% | 4% | n/a | n/a | n/a |
| SeSa SES.MI | Italy | $1.53B | -1% | +11% | 4% | 11.4× | -7.1% | +12.0% |
| Shenzhen Aisidi 002416.SZ | China | $1.44B | -44% | +26% | 1% | 22.1× | n/a | n/a |
| Kyland Technology 300353.SZ | China | $1.42B | -17% | -6% | -6% | 80.9× | n/a | n/a |
| Telling Telecommunication 000829.SZ | China | $1.41B | -21% | +37% | 0% | 153.2× | n/a | n/a |
| Yubico YUBICO.ST | Sweden | $1.40B | +189% | -9% | 9% | 59.8× | 26.3% | +12.4% |
| WinWay Technology 6515.TW | Taiwan | $3.63B | -67% | +45% | 24% | 27.9× | 32.8% | +22.0% |
| HNA Technology 600751.SS | China | $1.11B | -26% | +33% | 0% | n/a | n/a | n/a |