Argus Research updated Equity Research Report Coverage on ASBISC Enterprises PLC
NEW YORK, March 08, 2023 – Argus Research, an independent investment research firm, has updated Equity Research Report coverage on ASBISC Enterprises PLC (WSE: ASB)
The Equity Research Report includes key statistics, price chart, peer comparison, income statement, and covers the next blocks:
- COMPANY HIGHLIGHTS
- INVESTMENT THESIS
- RECENT DEVELOPMENTS
- EARNINGS & GROWTH ANALYSIS
- FINANCIAL STRENGTH & DIVIDEND
- MANAGEMENT
- RISKS
- COMPANY DESCRIPTION
- VALUATION
“In our view, ASBISc’s current valuation remains compelling based on multiple metrics and does not fairly reflect the company’s strong underlying fundamentals, near-term uncertainties notwithstanding. The company’s recent market capitalization of approximately $310 million (1.35 billion PLN) implies a multiple near 0.1-times our 2023 revenue estimate. That is below the average multiple of 0.4 for our group of global electronics-distribution peers. The stock also trades at a 2022 enterprise value/EBITDA multiple of 3.5-times, below the peer average of 10-times. Despite the firming stock performance, which more than doubled in 2022 and saw an increase during challenging macro-economic markets in 2022, ASBISc is still trading at a trailing 12-month P/E around 4-times its 2022 EPS of $1.37, which remains well below the peer group’s current average around 11.5-times.”
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