Argus Research updated Equity Research Report Coverage on ASBISC Enterprises PLC

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.”

>>Click Here to view full Argus Equity Research Report

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