ASBISc Enterprises Plc

ASB.WA · Technology · Electronics & Computer Distribution · Valued as of 2026-11-03 · Statements 2025-12-31

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

1.41B USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

899.45M USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

396.81M USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

902.68M USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

2.64B USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.34×

the ratio the screener ranks by

Margin of Safety

-192.2%

1 − Market Cap / Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: 1.41B USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)1.33B USD
−②Net Debt Today16.11M USD
+③Growth Value102.20M USD
=Value1.41B USD

EPV of the Operations (NOPAT over WACC)

1.33B USD

Net debt today

-16.11M USD

Growth Value

+102.20M USD

Value

1.41B USD

①EPV (earnings power value)

1.33B USD

②Net Debt Today

16.11M USD

③Growth Value

102.20M USD

Market value

Market Cap2.64B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-86.8%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 899.45M USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.
①Present Value of the 15 Years of FCFE587.15M USD
+②Equity at Year 15, Today312.30M USD
=Value899.45M USD
FCFE: the net income left for the shareholders once the business keeps what next year's growth needsEquity reinvestment: the part of the year's net income kept in the business to grow the next year; below zero, capital the business releases to the shareholdersPresent value of the FCFEColoured bars show the FCFE, grey bars the equity reinvestment. With a positive equity reinvestment the two stacked are the year's normalized income; with a negative one the grey is below zero, capital the business releases, and the normalized income is the FCFE plus that negative amount. Shaded, years 6 to 10: the growth falling to its long-run rate and the ROE on new investment falling to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

587.15M USD

②Equity at Year 15, Today

312.30M USD

Market value

Market Cap2.64B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-193.2%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 396.81M USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).

The projection was not made (a change in working capital above half the operating profit in the latest three years), so the value is the book value today, 396.81M USD, as the screener leaves it.

①Present Value of the 15 Years of FCFF

Not in the value

②Invested Capital at Year 15, Today

Not in the value

③Net Debt Today

Not in the value

Market value

Market Cap2.64B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-564.7%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 8.22%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.65×Market Risk Premium 6.00%= 8.38%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 16.47M USDPretax Income 76.78M USD= 21.46%

The tax the interest saves.

Interest Expense =EBIT 102.51M USD−Pretax Income 76.78M USD= 25.73M USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 25.73M USDTotal Debt 296.21M USD×(1 − Tax Rate for WACC 21.46%)= 6.82%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 296.21M USDMarket Cap + Total Debt 2.64B USD + 296.21M USD= 10.10%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 89.90%×Cost of Equity 8.38%+Debt Weight 10.10%×Cost of Debt 6.82%= 8.22%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-06-30.

Total Assets 1.61B USD − Total Liabilities 1.21B USD = Book Value Today 396.81M USD

Total Debt 296.21M USD − Cash and Short-Term Investments 280.10M USD = Net Debt Today 16.11M USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 10.0%at most 5%passes55,500,000 / 55,500,000
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets5.9%at least -10.0%passes(154.97M USD − 60.70M USD) ÷ 1.61B USD
Price to bookMarket Cap ÷ Book Value Today6.65×at most 3×does not pass2.64B USD ÷ 396.81M USD
Operating marginOperating Income ÷ Revenue2.9%above 10.0%does not pass111.10M USD ÷ 3.87B USD
Revenue growthRevenue ÷ Revenue a Year Before − 128.4%above 10.0%passes3.87B USD / 3.01B USD
Net cash(Cash − Total Debt) ÷ Market Cap-0.6%above -30%passes(280.10M USD − 296.21M USD) ÷ 2.64B USD
Operating efficiencyOperating Income ÷ Gross Profit39.8%above 25.0%passes111.10M USD ÷ 279.00M USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

186.59 PLN

Enterprise value

10.42B PLN

the provider's own figure

EV / EBITDA

53.22×

Price / book

26.03×

the provider's book

Price / earnings

22.76×

Return on equity

34.5%

the provider's figure, not this page's

Profit margin

2.4%

Revenue growth

78.7%

Analyst target, mean

146.01 PLN

Analysts

2

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

Income statement (USD)2022202320242025

Revenue

2.69B3.06B3.01B3.87B

Gross profit

228.06M252.52M240.40M279.00M

Operating income

111.10M112.61M94.40M111.10M

EBITDA

operating income before depreciation and amortisation

116.84M100.88M97.55M112.35M

Pretax income

91.14M65.03M65.08M76.78M

Net income

75.94M53.10M54.50M60.70M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

76.64M60.23M55.12M62.05M

R&D

————
Balance sheet, year end (USD)2022202320242025

Total assets

1.06B1.01B1.20B1.50B

Total liabilities

820.17M732.00M903.40M1.16B

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

243.71M281.05M298.50M339.61M

Total debt

214.69M211.87M248.71M290.40M

Cash and equivalents

134.73M143.70M155.19M257.87M

Net PP&E

fixed assets after depreciation

50.36M67.00M72.70M106.93M

Working capital

current assets less current liabilities

194.93M215.88M237.62M257.80M
Cash flow (USD)2022202320242025

Operating cash flow

-56.10M45.46M26.74M154.97M

Capital expenditure

paid out, so below zero

-11.52M-17.70M-18.90M-20.33M

Depreciation and amortisation

5.79M7.73M8.62M9.84M

Free cash flow

operating cash flow plus capital expenditure

-67.62M27.76M7.84M134.65M