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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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October 04, 2022
ASBISc Enterprises Plc, a leading Value-Added Distributor, developer and ...
September 28, 2022
ASBIS received the award "Ethernet Partner of the Year 2022" in Eastern Europe ...
September 27, 2022
ASBISc Enterprises Plc, a leading Value-Added Distributor, developer and ...
September 26, 2022
Pure Storage presented Rising Start Distributor Award to ASBIS during ...
September 22, 2022
ASBIS d.o.o. B&H, a subsidiary of ASBISC Enterprises PLC (WSE: ASB), received a ...
September 12, 2022
The cars are fully equipped and will increase the mobility of medical teams
August 26, 2022
The company continues its donation activities in the most affected areas
August 04, 2022
The store is located in Batumi and is the largest and most modern APR in Georgia
July 25, 2022
ASBIS clients will now get access to IP Infusion’s leading networking software ...
July 12, 2022
The value-added distributor has significantly grown the client base for its ...
Argus Research Initiates Equity Research Report Coverage on ASBISc Enterprises PLC

May 31, 2021


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)


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.


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.