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Our network of 27 subsidiaries located all over the EMEA region supplies Information and Communications Technology products and solutions across the globe. Find ASBIS office in your country.

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September 20, 2021
We are happy to inform that from today ASBIS is a part of WIG-ESG index which ...
September 17, 2021
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September 08, 2021
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August 12, 2021
The CANYON brand, owned by the WSE-listed ASBIS Enterprises Plc, a leading ...
July 29, 2021
Bogdan talked about the ASBIS IT solutions designed for the educational field, ...
July 29, 2021
ASBISc Enterprises Plc, a leading Value-Added Distributor, developer and ...
July 22, 2021
In June 2021 ASBIS and ABBYY concluded an agreement to expand distribution to ...
June 25, 2021
22nd June 2021 - UAE– ASBIS Middle East has won the TOSHIBA STAR AWARD for Best ...
June 17, 2021
ASBIS Slovakia, a subsidiary of ASBISC Enterprises PLC (WSE: ASB), became the ...
June 10, 2021
ASBISc Enterprises Plc, is a leading Value-Added Distributor, developer and ...
Argus Research Initiates Equity Research Report Coverage on ASBISc Enterprises PLC

April 16, 2021

ASBIS

Argus Research Initiates Equity Research Report Coverage on ASBISc Enterprises PLC

NEW YORK, April 14, 2021 (GLOBE NEWSWIRE) -- Argus Research, an independent investment research firm, has launched Equity Research Report coverage on ASBISc Enterprises PLC (WSE: ASB)

COMPANY HIGHLIGHTS excerpts: 

ASBISc has grown revenues and earnings in recent years, and is well positioned for continued growth. The company has expanded its gross margin by more than 100 basis points over the past two years, supported by strong sales of private-label products, distribution efficiencies, and the increased use of e-commerce. We believe that ASBISc warrants a valuation closer to the industry average. Applying a slightly below-peer-average multiple of 15 to 2020 EPS of 2.51, we arrive at a fair value estimate for ASB of approximately 39 PLN per share ($10), well above current prices near 17.20 PLN ($4.36). 

INVESTMENT THESIS excerpts:

Although the pandemic caused widespread industry disruption in 2020, leading many businesses to close, ASBISc was able to meet customer needs for digital and remote connectivity technologies. We believe this is reflected in the company’s positive revenue growth in all four quarters of 2020, including the difficult second quarter, when revenue rose 2%. In our view, the subsequent 34% growth in 3Q and 30% growth in 4Q highlight the resiliency and underlying strength of ASBISc’s business. 

>>Click Here to view full Argus Equity Research Report 

>>Source

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