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ABS GPW sWIG80 Periodic report · PAP Biznes

Asseco BS SA (ABS) · Q2 2026 results and valuation

Share price: 86.80 zł · 2026-11-10

Results Q2 2026 vs Q2 2025 · year over year · published 6 Aug 2026 and 5 Aug 2025

Net income up 29.4% year on year. The report's language is unchanged.

Only a basic analysis is available for this company at the moment.

1 · Numbers

+29.4%

Net income vs Q2 2025

Net income 28.9M vs 22.3M

Revenue +9.6%

2 · How the report reads

Unchanged

Language tone vs last period

Report language: restrained for a company report — about as upbeat as in Q2 2025.

Weak signal: formal report language, not a call.

3 · What stood out Nothing unusual flagged this period.

Valuation

Is Asseco BS SA undervalued?

Reverse DCF. Free cash flow from the last full fiscal year (2025-12-31), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.

At 12.1% growth a year (3-year revenue growth), the model's fair value is 134.72 zł a share — the stock trades 36% below it. Today's price assumes 6.0% growth a year.

Current price

86.80 zł

close of 2026-11-10

Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.

+6.0% for 10 yrs

Fair value / share

134.72 zł

Buy below

101.04 zł

Price vs fair value

Undervalued 36%

Price vs buy-below price

Undervalued 14%

Official channels

The company's own website and social media accounts.

Read between the lines

No major shifts flagged this period.

Tone

How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q2 2025.

Report language Restrained (was restrained)

Restrained for a company report — about as upbeat as in Q2 2025. Periodic reports carry legally required risk wording, so their tone moves little and is a weak signal.

Sentences that drove the tone
“Expected further development and improved results should lead to an increase in the Issuer's capitalization, which may improve share liquidity and translate into greater investment attractiveness in Asseco Business shares.”
“Asseco Business Solutions is exposed to a number of risks that could have an adverse impact on its functioning, financial and operational situation, as well as on its brands and reputation.”
“Factors significant for the Company's development and description of business development prospects”

Full figures

PLN · PAP Biznes report (2026-08-06)

Metric Q2 2026 Q2 2025 Change
Revenue 115.8M 105.6M +9.6%
Gross profit 47.7M 40.4M +18.1%
Operating income 33.0M 24.4M +34.9%
Net income 28.9M 22.3M +29.4%
EPS 0.88 0.68 +29.4%
P/E today 22.0 21.5 25.8 −4.3

Topics

Topics are drawn from the full report text, not management commentary.

Most discussed now

  • This capital was allocated in its entirety to finance the acquisition of treasury shares.
  • This transaction was concluded outside of the regulated market system for financial instruments, as part of a buyback of treasury shares…
  • The occurrence of any of the described circumstances would have a negative impact on the Company's activities and financial position, its…
  • To the management board for a four-year term, covering the financial years 2024-2027.
  • Asseco Business Solutions is exposed to a number of risks that may have an adverse impact on its operations, financial position, as well as…

Faded since Q2 2025

  • Fading The Group is in the process of analyzing how the introduction of the above standards and interpretations may impact the financial…
  • Fading In the case of contracts for the implementation of a comprehensive IT system and maintenance contracts, the Group fulfills its obligations…
  • Fading On March 27, 2025, the Company received a notification regarding transactions performed on the Company's shares concerning the acquisition…
  • Fading In this regard, the costs of such programs (even if they provide for bonus payments from profit) always constitute operating costs of the…

Latest announcements

Official filings, newest first.

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