Asseco Business Solutions stock: fair value
ABS.WAThe fair value of Asseco Business Solutions under our model is $31.94, the price is 32% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Significantly undervaluedIn our model the price counts as cheap below $24.57 and expensive above $45.62 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $25.85 (cash-flow model) and $38.02 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 12.5%. At 13.5% the fair value would be $30.26, at 11.5% it would be $34.18.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (31.3).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 5.6%. Discounted at 12.5% (government bond yield 5.6% plus beta 1.3 times a risk premium of 5.3%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $25.85 per share: free cash flow for the next ten years, each year discounted to today at 12.5%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 12.5%) |
|---|---|---|---|---|
| 2026 | $49.35M | extrapolated at 15.0% | 0.8891 | $43.88M |
| 2027 | $55.37M | extrapolated at 12.2% | 0.7905 | $43.77M |
| 2028 | $61.03M | extrapolated at 10.2% | 0.7028 | $42.89M |
| 2029 | $66.41M | extrapolated at 8.8% | 0.6249 | $41.5M |
| 2030 | $71.61M | extrapolated at 7.8% | 0.5556 | $39.79M |
| 2031 | $76.74M | extrapolated at 7.2% | 0.4940 | $37.91M |
| 2032 | $81.86M | extrapolated at 6.7% | 0.4392 | $35.95M |
| 2033 | $87.05M | extrapolated at 6.3% | 0.3905 | $33.99M |
| 2034 | $92.37M | extrapolated at 6.1% | 0.3472 | $32.07M |
| 2035 | $97.86M | extrapolated at 5.9% | 0.3087 | $30.21M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $381.94M |
| Terminal value: cash flow 2035 × (1 + 5.6%) / (12.5% − 5.6%) | $1.49B |
| Present value of terminal value (× 0.3087) | $461.21M |
| Equity value (sum plus present value of terminal value) | $843.15M |
| Shares (diluted) | 32.61M |
| Value per share (equity value divided by shares) | $25.85 |
| Earnings per share, last twelve months | $1.22 |
| × 31.3 (industry P/E) | $38.02 |
| Fair value (average of both parts) | $31.94 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = PLN 3.9742)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 30 Jun 2018)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.