Asseco Poland SA (PL:ACP)
:ACP
Top Page
Asseco Poland SA
(ACP)
Select Model
Select Model
Rating:55Neutral
Price Target:
zł215.00
▲(10.31% Upside)
Action:N/ADate:09/14/25
The overall stock score of 55 for PL:ACP reflects moderate financial performance as the primary driver, with concerns in cash flow and thin profitability despite stable revenue growth. Valuation appears slightly high with a P/E of 25.29, and technical indicators show no strong momentum. Financial health remains the most significant factor, warranting a cautious outlook.
Positive Factors
Revenue Growth
Consistent revenue growth indicates a strong market position and effective business model, supporting long-term financial stability.
Negative Factors
Increasing Debt Levels
Rising debt levels can strain financial flexibility and increase risk, potentially impacting the company's ability to invest in growth opportunities.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Consistent revenue growth indicates a strong market position and effective business model, supporting long-term financial stability.
Read all positive factors
Asseco Poland SA (ACP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
zł14.76B
Dividend Yield1.75%
Average Volume (3M)135.41K
Price to Earnings (P/E)13.7
Beta (1Y)0.84
Revenue Growth5.93%
EPS Growth20.84%
CountryPL
Employees33,752
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)N/A
Shares Outstanding83,000,305
10 Day Avg. Volume168,640
30 Day Avg. Volume135,409
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)2.10
Price to Sales (P/S)0.93
P/FCF Ratio6.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)12.86
Revenue Forecast (FY)zł19.27B
Asseco Poland SA Business Overview & Revenue Model
Company Description
Asseco Poland S.A., an information technology (IT) company, develops and sells software products primarily in Poland and internationally. It operates through three segments: Asseco Poland, Formula Systems, and Asseco International. The company off...
How the Company Makes Money
Asseco Poland SA generates revenue primarily through the sale of software licenses, implementation services, and ongoing maintenance and support contracts. The company earns income from both one-time sales and recurring subscription models. Key re...
Asseco Poland SA Earnings Call Summary
Earnings Call Date:Mar 31, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 27, 2026
Earnings Call Sentiment Positive
Overall the call presented a decidedly positive operational and financial picture: record net profit, double‑digit revenue growth across all segments, strong cash balances and robust cash conversion, successful M&A activity (including a value‑realizing Sapiens sale) and a generous dividend proposal. The primary negatives were mostly one‑off (transaction taxes, M&A write‑offs), the structural effect of the Sapiens disposal on 2026 top‑line and some regional/customer risks (Turkey/India), plus underdeveloped cybersecurity/defense businesses and shareholder governance friction. Management framed the challenges as known, actionable items and emphasized selective M&A, strong organic growth and investments in AI and talent.Positive Updates
Record Net Profit and Strong Earnings
Reported net profit of PLN 1.139 billion (record year); management noted ~119% growth in net profit. Non-IFRS net profit of PLN 742 million (CAGR best of past 5 years, ~9% up).
Negative Updates
Impact of Sapiens Disposal on 2026 Results
Sale of Sapiens removes a significant contributor to recurring revenue and profit: management expects roughly PLN 2 billion lower revenue and ~PLN 350 million lower operating profit in 2026 from the divestiture impact.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Net Profit and Strong Earnings
Reported net profit of PLN 1.139 billion (record year); management noted ~119% growth in net profit. Non-IFRS net profit of PLN 742 million (CAGR best of past 5 years, ~9% up).
Read all positive updates
Company Guidance
Management provided clear near‑term shareholder and operational guidance: a PLN 1.051 billion dividend (PLN 13.05 per share, consensus ~PLN 11) is proposed (tranche timing after Formula Systems’ FY approval in May) funded partly by proceeds from treasury share sales, with group cash on hand >PLN 7 billion; however, management stressed they will deploy proceeds to selective M&A if attractive opportunities arise. They flagged backlog growth across segments (Asseco Poland ~16–19%, Asseco International ~9–10%, Formula Systems ~14%), and warned 2026 will reflect the Sapiens disposal—about a ~PLN 2 billion revenue shortfall and ~PLN 350 million lower operating profit versus 2025. Company-level context and targets reiterated included FY2025 results (revenue PLN 16.78 billion, +12% YoY; operating profit >PLN 1.6 billion, +11%; net profit PLN 1.139 billion), Non‑IFRS EBITDA PLN 2.5 billion (+8%), Non‑IFRS EBIT >PLN 2.0 billion (+9%), Non‑IFRS net profit PLN 742 million, strong organic revenue (~PLN 1.3 billion) plus acquisitions contribution (PLN 452 million revenue; PLN 46 million operating income), and robust cash conversion/cash flow metrics (group ~122%; Asseco Poland 124%, International 109%, Formula 128%).Asseco Poland SA Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
58
Neutral
Cash Flow
52
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 16.78B | 17.13B | 16.90B | 17.37B | 14.50B |
| Gross Profit | 3.62B | 3.89B | 3.73B | 3.78B | 3.24B |
| EBITDA | 2.36B | 2.71B | 2.59B | 2.76B | 2.24B |
| Net Income | 1.14B | 519.90M | 482.80M | 502.30M | 467.60M |
Balance Sheet | |||||
| Total Assets | 23.06B | 20.32B | 18.84B | 20.13B | 18.57B |
| Cash, Cash Equivalents and Short-Term Investments | 7.31B | 3.53B | 3.30B | 3.75B | 3.20B |
| Total Debt | 3.31B | 3.91B | 4.10B | 3.97B | 3.43B |
| Total Liabilities | 10.17B | 10.68B | 9.77B | 9.92B | 8.92B |
| Stockholders Equity | 7.43B | 5.50B | 5.30B | 6.55B | 6.28B |
Cash Flow | |||||
| Free Cash Flow | 2.59B | 1.99B | 2.28B | 1.43B | 1.47B |
| Operating Cash Flow | 2.88B | 2.35B | 2.49B | 1.85B | 1.59B |
| Investing Cash Flow | 1.66B | -508.10M | -893.20M | -490.60M | -599.90M |
| Financing Cash Flow | -541.70M | -1.61B | -1.93B | -809.80M | -983.20M |
Asseco Poland SA Technical Analysis
Positive
194.90
Price Trends
177.01
Positive
198.12
Negative
202.07
Negative
Market Momentum
0.27
Negative
53.35
Neutral
71.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PL:ACP, the sentiment is Positive. The current price of 194.9 is above the 20-day moving average (MA) of 170.95, above the 50-day MA of 177.01, and below the 200-day MA of 202.07, indicating a neutral trend. The MACD of 0.27 indicates Negative momentum. The RSI at 53.35 is Neutral, neither overbought nor oversold. The STOCH value of 71.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PL:ACP.
Asseco Poland SA Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | zł2.72B | 31.83 | 23.32% | 1.59% | 24.56% | 11.43% | |
65 Neutral | zł1.69B | -52.95 | 14.56% | 3.72% | 16.90% | -16.02% | |
64 Neutral | zł3.16B | 16.49 | 17.85% | 2.76% | 7.18% | -2.62% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | zł14.76B | 13.68 | ― | 1.75% | 5.93% | 20.84% |
* Technology Sector Average
PL:ACP
Asseco Poland SA
177.85
31.79
21.77%
PL:ABS
Asseco Business Solutions SA
79.00
7.66
10.73%
PL:WPL
Wirtualna Polska Holding SA
56.90
-28.55
-33.41%
PL:SGN
Sygnity S.A.
69.30
-8.90
-11.38%
PL:VRC
Vercom SA
123.20
16.41
15.36%
PL:ASE
Asseco South Eastern Europe S.A.
60.80
5.02
9.01%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.