Asseco Business Solutions S.A.

ABS.WA

Software - Application · Technology

Price

89.60 PLN

+1.40 (+1.59%)

Market Cap

2.94B PLN

Exchange

Warsaw Stock Exchange

Winston Score

Winston is happy

A high-quality business with solid fundamentals.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Strong

Growth

Exceptional

Cash Flow

Exceptional

Stability

Exceptional

Valuation

Strong

Dividends

Exceptional

Track this stock — start free trial

Share count falling — buybacks

−1.4% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 33.4M (2021) → 33.0M (2025)

Winston Score History

The full picture

Asseco Business Solutions is a Polish software company that builds business management tools for companies in Poland and Central Europe. Its main products include ERP systems, mobile sales applications, and HR and payroll software. It sells primarily to mid-sized and large businesses across industries like retail, manufacturing, and distribution.

The company earns money through software licenses, implementation services, and recurring maintenance and support contracts, which provide steady, predictable revenue. It operates mainly in Poland, with some presence in neighboring Central European markets, and is part of the larger Asseco Group, one of the biggest software groups in Europe. Its deep local market knowledge, long-term client relationships, and embedded software that is costly to replace give it a durable competitive position. The key risk is that larger international ERP vendors like SAP or Microsoft could increase pressure on pricing and market share in the region.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+9.2% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+27.5% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

0 PLN/ year

0.0% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

53.7%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

3M PLN cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Asseco Business Solutions S.A. is growing revenue at 9% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

41.3%

Healthy — 41.3% gross margin

Profit after running costs

Operating Margin

28.1%

Excellent — 28.1% operating margin

Return on the money invested

ROCE

46.7%

Exceptional — 46.7% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+15.3%

Fast-growing sales (+15.3% YoY)

Profit growth

EPS YoY

+28.7%

Earnings growing fast (+28.7% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is

EPS Consistency

7/8 quarters

Every recent quarter grew earnings vs last year

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

139%

Turns 139% of profit into real cash

Spare cash per sale

FCF Margin

39.9%

Converts sales into free cash efficiently (39.9%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.09

Conservative — low debt load (0.09)

Covers its interest

Interest Cover

96.79x

Comfortably covers interest (96.8x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

19.2x

Fair value — P/E 19.2

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year

P/E vs Forward

+5.4

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (19.2 → 13.8)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend

Dividend Yield

4.19%

Healthy income — 4.19% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend record

Dividend Growth

+61.1%

Dividend growing fast (61.1% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial