Asseco South Eastern Europe SA

Chart & Performance

D1W1MN

P/E

12.69

P/S

1.55

EPS

3.86

Div Yield, %

2.98%

Shrs. gr., 5y

—

Rev. gr., 5y

19.63%

Revenues

1.64b

+4.92%

Net income

200m

+6.67%

CFO

310m

+28.69%

Dividend

Jun 12, 20241.65 PLN/sh

Earnings

Feb 12, 2025

Profile

Asseco South Eastern Europe S.A., together with its subsidiaries, engages in the sale of its own and third-party software. The company operates through Banking Solutions, Payment Solutions, and Dedicated Solutions segments. It offers banking solutions, including omnichannel solutions; integrated core banking systems; authentication security solutions; reporting systems for regulatory compliance and managerial information; and risk management and anti-fraud systems, as well as provides consultancy services in the area of digital and electronic banking, and digital transformation. The company also provides payment industry solutions for financial and non-financial institutions, including e-commerce, mobile payments, payment card processing, as well as ATM and POS terminal related services. In addition, it provides services to utilities, telecommunications, government, banking, and finance sectors, including business process management, customer service and sales support platform, data registers, smart city, AI and Machine Learning, e-Tax, border control, authentication, dedicated solutions, and BI and ERP. Further, the company offers proprietary solutions and integration services; LeaseFlex, a lease and asset lifecycle management solution; and FinanceFlex. It serves in Central Europe, South Eastern Europe, Iberian Peninsula, Turkey, Colombia, Peru, and the Dominican Republic. The company was incorporated in 2007 and is headquartered in Warsaw, Poland. Asseco South Eastern Europe S.A. operates as a subsidiary of Asseco International a.s.

URL

https://see.asseco.com/

IPO date

Oct 28, 2009

Employees

3,789

Domiciled in

Incorporated in

Valuation

Order:

Title PLN in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title PLN in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	1,642,531 4.92%	1,565,493 36.53%	1,146,649 11.71%
Cost of revenue	1,432,326	1,372,762	993,583
Unusual Expense (Income)
NOPBT	210,205	192,731	153,066
NOPBT Margin	12.80%	12.31%	13.35%
Operating Taxes	47,098	42,224	38,479
Tax Rate	22.41%	21.91%	25.14%
NOPAT	163,107	150,507	114,587
Net income	200,362 6.67%	187,828 25.85%	149,242 28.67%
Dividends	(75,765)	(66,425)	(51,894)
Dividend yield	2.97%	2.94%	1.94%
Proceeds from repurchase of equity
BB yield
Debt
Debt current	69,443	85,873	66,977
Long-term debt	131,691	119,453	127,060
Deferred revenue	10,690	8,455	6,118
Other long-term liabilities	178,008	95,526	59,239
Net debt	(115,364)	(95,230)	(36,923)
Cash flow
Cash from operating activities	309,609	240,576	234,843
CAPEX	(61,812)	(59,151)	(40,008)
Cash from investing activities	(119,957)	(96,449)	(174,813)
Cash from financing activities	(133,205)	(75,162)	(82,523)
FCF	150,263	127,424	128,007
Balance
Cash	314,228	298,233	230,943
Long term investments	2,270	2,323	17
Excess cash	234,371	222,281	173,628
Stockholders' equity	1,317,818	1,194,357	1,069,354
Invested Capital	1,231,357	1,115,223	964,203
ROIC	13.90%	14.48%	12.72%
ROCE	14.30%	14.34%	13.41%
EV
Common stock shares outstanding	51,894	51,894	51,894
Price	49.10 12.87%	43.50 -15.70%	51.60 20.00%
Market cap	2,548,008 12.87%	2,257,400 -15.70%	2,677,743 20.00%
EV	2,673,502	2,284,751	2,781,468
EBITDA	298,937	285,607	230,175
EV/EBITDA	8.94	8.00	12.08
Interest	7,129	4,723	3,917
Interest/NOPBT	3.39%	2.45%	2.56%