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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.

Other headlines

November 24, 2021
PRESS RELEASE - 24 November 2021; Limassol, Cyprus, and Warsaw, Poland
November 24, 2021
ASBIS Middle East has received the prestigious Reseller Middle East Partner ...
October 20, 2021
The 14th Edition of the “ICT Champion Awards” happened on the sidelines of ...
October 19, 2021
October 17th, 2021. UAE. ASBIS Middle East, a subsidiary of ASBISC Enterprises ...
October 12, 2021
ASBISc Enterprises Plc, a leading Value-Added Distributor, developer and ...
October 08, 2021
ASBIS Slovakia, a subsidiary of ASBISC Enterprises PLC (WSE: ASB), received two ...
October 07, 2021
EY presented the "17th CFO Management Forum & Awards", on Tuesday, September ...
September 20, 2021
We are happy to inform that from today ASBIS is a part of WIG-ESG index which ...
September 17, 2021
ASBIS expands its authorized territory into Bulgaria with Vertiv’s portfolio of ...
September 08, 2021
ASBISc Enterprises Plc, a leading Value-Added Distributor, developer and ...
Argus Research Initiates Equity Research Report Coverage on ASBISc Enterprises PLC

May 31, 2021

ASBIS

Argus Research Initiates Equity Research Report Coverage on ASBISc Enterprises PLC

NEW YORK, May 25, 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, in our view, 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. Despite a near tripling in ASBISc’s stock price year-to-date, we believe the current valuation remains compelling based on multiple metrics and does not fairly reflect the company’s strong underlying fundamentals. Its recent market capitalization of approximately $340 million -- 1.3 billion Polish zloty (PLN) -- implies a multiple of approximately 0.2-times 2020 revenue, below the average multiple of 0.3 for our group of global electronics-distribution peers. At current levels, the trailing P/E ratio of 9.5-times is also well below the peer average of 16-times.

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, 30% growth in 4Q, and 47% growth in 1Q 2021 highlight the resiliency and underlying strength of ASBISc’s business.

We believe that ASBISc benefits from the strong relationships it has developed with key IT vendors over the past 30 years, and from its presence in many emerging global markets. We expect demand for computer products in these markets to continue to grow rapidly, and see opportunities for the company to expand further in Africa and Asia.

>>Click Here to view full Argus Equity Research Report

Disclaimer: The information contained in each press release posted on this site was factually accurate on the date it was issued. While these press releases and other materials remain on the Company's website, the Company assumes no duty to update the information to reflect subsequent developments. Consequently, readers of the press releases and other materials should not rely upon the information as current or accurate after their issuance dates.