ABE.WAR AB S.A.
- Market cap
- PLN 2.41B
- P/E
- 10.5x
- P/B
- 1.49x
- ROE
- 12.0%
- Dividend yield
- 1.97%
- Fundamental score
- 2.9/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is ABE.WAR undervalued?
Graham numberABE.WAR trades 16.5% below its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
AB S.A. fundamental analysis
14 of 22 checks passedROE 1/2
Moderate return on equity (12.0%), between 10% and 20%.
ROA 1/1
Return on assets (4.1%) is above the industry median (2.4%).
Profit Consistency 2/2
Profitable for 10 consecutive years.
Earnings Growth 5Y 1/1
Earnings per share grew over the past 5 years.
Earnings Acceleration 0/1
Last year's EPS growth (-0.2%) is not above the 5-year average (7.6% a year).
Earnings Growth vs Industry 0/1
Last year's EPS growth (-0.2%) is below the industry median (5.1%).
Revenue Growth 0/2
Revenue shrank 0.6% a year over the past 3 years.
Short-term Liquidity 1/1
Current assets cover short-term liabilities.
Long-term Liabilities 1/1
Current assets cover long-term liabilities.
Debt to Equity 2/2
Low debt to equity (36.9%), 40% or less.
Debt Trend 0/1
Debt to equity has risen over the past 5 years.
Debt Coverage 0/1
Operating cash flow does not cover 20% of total debt.
Interest Coverage 0/1
EBIT is 4.1x against interest expense, below 5x.
PE vs Market 1/1
PE (10.5x) is below the market median (11.6x).
PE vs Industry 1/1
PE (10.5x) is below the industry median (15.3x).
PBV 1/1
Price to book (1.5x) is below the industry median (1.5x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 15.7, limit 22.5).
PEG 0/1
PEG on 5-year earnings growth is 1.39, above 1.
Dividend Yield 0/2
Dividend yield (2.0%) is in the bottom 25% of dividend payers in the market.
Dividend Stability 1/2
Dividends paid without a cut of more than 10% for 9 years.
Dividend Growth 1/1
Dividends paid grew over the past 5 years.
Payout Ratio 1/1
Payout ratio is 27.2%, covered by earnings.
Each check is worth 1 or 2 points by how much it says about the quality of the company. The score is the share of points earned, out of 5. Ask AI to explain this score
AB S.A. stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About AB S.A.
AB S.A., together with its subsidiaries, distributes IT products primarily in Poland, the Czech Republic, and Slovakia. It engages in the wholesale trade of computers, computer hardware, toys, multimedia, electronic equipment, audiovisual equipment, and household appliances; licensing of computer programs; retail trade in computer hardware; toys; manufacturing of personal computers; leasing of warehouses; and logistics activities. The company also offers IT devices; servers …
Full company profileAB S.A. financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 2 quarters up to Jun 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
AB S.A. annual financial statements (PLN; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 8.28B | 8.24B | 8.79B | 10.2B | 13.1B | 14.0B | 15.2B | 15.4B | 14.7B | 14.9B | 16.2B |
| Gross Profit | 339M | 344M | 344M | 371M | 473M | 529M | 582M | 597M | 596M | 592M | 623M |
| Operating Income | 102M | 98.0M | 85.2M | 95.5M | 166M | 212M | 270M | 288M | 281M | 264M | 297M |
| EBITDA | 124M | 116M | 112M | 123M | 179M | 241M | 309M | 287M | 320M | 294M | 318M |
| Net Income | 67.8M | 61.0M | 57.8M | 66.4M | 124M | 151M | 153M | 160M | 175M | 174M | 193M |
| EPS | 4.19 | 3.77 | 3.57 | 4.10 | 7.64 | 9.34 | 9.65 | - | 11 | 11 | 12 |
| Balance Sheet | |||||||||||
| Total Assets | 1.87B | 1.96B | 2.07B | 2.61B | 2.69B | 3.42B | 3.41B | - | 3.88B | 4.22B | 4.77B |
| Total Liabilities | 1.21B | 1.24B | 1.28B | 1.76B | 1.70B | 2.28B | 2.12B | - | 2.48B | 2.69B | 3.16B |
| Shareholders' Equity | 664M | 719M | 790M | 850M | 993M | 1.14B | 1.29B | - | 1.39B | 1.49B | 1.61B |
| Cash & Short-term Investments | 79.0M | 115M | 88.1M | 278M | 88.9M | 50.9M | 55.1M | - | 144M | 176M | 63.7M |
| Total Debt | 410M | 395M | 316M | 251M | 304M | 378M | 307M | - | 246M | 231M | 593M |
| Cash Flow | |||||||||||
| Operating Cash Flow | -5.38M | 69.9M | 70.0M | 287M | -212M | -4.50M | 144M | 290M | 205M | 87.6M | -543M |
| Capital Expenditure | 10.4M | 6.30M | 5.29M | 4.84M | 11.9M | 24.1M | 12.3M | 556K | 9.13M | 3.82M | 13.5M |
| Free Cash Flow | -15.8M | 63.6M | 64.7M | 282M | -224M | -28.6M | 132M | 289M | 196M | 83.8M | -556M |
| Ratios | |||||||||||
| ROE | 10.2% | 8.5% | 7.3% | 7.8% | 12.5% | 13.2% | 11.8% | - | 12.5% | 11.7% | 12.0% |
| ROA | 3.6% | 3.1% | 2.8% | 2.5% | 4.6% | 4.4% | 4.5% | - | 4.5% | 4.1% | 4.1% |
| Net Profit Margin | 0.8% | 0.7% | 0.7% | 0.7% | 0.9% | 1.1% | 1.0% | 1.0% | 1.2% | 1.2% | 1.2% |
| Debt to Equity | 0.62x | 0.55x | 0.40x | 0.29x | 0.31x | 0.33x | 0.24x | - | 0.18x | 0.15x | 0.37x |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
AB S.A. dividends
- Dividend yield
- 1.97%
- Forward dividend
- 6.45 PLN
- Payout ratio
- 27.2%
- Ex-dividend date
- Apr 9, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | PLN 47.4M | 3.00 | 27.2% |
| 2024 | PLN 31.7M | 2.00 | 18.1% |
| 2023 | PLN 24.0M | - | 15.0% |
| 2022 | PLN 16.1M | 1.01 | 10.5% |
| 2021 | PLN 16.1M | 1.00 | 10.7% |
| 2020 | PLN 7.10M | 0.44 | 5.7% |
| 2019 | PLN 7.10M | 0.44 | 10.7% |
| 2018 | PLN 7.10M | 0.44 | 12.3% |
| 2017 | PLN 7.10M | 0.44 | 11.7% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Who owns AB S.A.
- Insiders 5.29%
- Institutions 56.17%
- Public & others 38.54%
- Shares outstanding 15.7M
- Free float 10.4M
AB S.A. company profile
- Company name
- AB S.A.
- Ticker
- ABE.WAR
- ISIN
- PLAB00000019
- Exchange
- Warsaw Stock Exchange
- Sector
- Technology
- Industry
- Electronic Equipment, Instruments & Components
- Employees
- 1,014
- Fiscal year end
- December
- Address
- ul. Europejska 4, Magnice, Poland, 55-040
- Phone
- 48 71 393 7600
- Website
- ab.pl
About AB S.A.
AB S.A., together with its subsidiaries, distributes IT products primarily in Poland, the Czech Republic, and Slovakia. It engages in the wholesale trade of computers, computer hardware, toys, multimedia, electronic equipment, audiovisual equipment, and household appliances; licensing of computer programs; retail trade in computer hardware; toys; manufacturing of personal computers; leasing of warehouses; and logistics activities. The company also offers IT devices; servers and networks; phones and GPS; photos and optics; household goods; TV sets, home cinema sets, car stereos, voice recorders, Hi-Fi equipment, multimedia players, and blueray / DVD players; office equipment and supplies, computers, monitors, printers, scanners, consumables, and software products; lighting products; fitness and sport products; and construction and assembly, protective clothing, power tools, and hand tools. In addition, it provides automotive products and accessories, including breathalyzers, cameras and parking sensors, navigation, car recorders, car audio equipment, multimedia stations, CB radios, and hands-free kits, as well as power supplies and chargers; and home products comprising assistants, control panels, sensors, controllers, triggers, and light sources for configuration of an intelligent building. Further, the company offers facility monitoring products, such as alarms, sensors, intercoms / videophones, wired and wireless cameras, recorders and monitoring sets, as well as gardening tools, mowers and sprayers, garden furniture, and barbecues; and marketing, financing, and training services. AB S.A. was founded in 1990 and is headquartered in Magnice, Poland.
AB S.A. management
5- Mr. Zbigniew MadryPresident of the Management Board
- Mr. Grzegorz OchêdzanVice President of the Management Board
- Ms. Patrycja GawareckaChief Commercial Officer & VP of Management Board
- Mr. Jaroslaw SlowinskiCOO & Vice President of Management Board
- Magdalena KosatkaChief Accountant