ASBISc Enterprises Plc stock: fair value
ASB.WAThe fair value of ASBISc Enterprises Plc under our model is $67.76, the price is 38% 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 $48.40 and expensive above $112.94 (uncertainty high, based on the price swings of the past year).
The two parts of the fair value come to $93.43 (cash-flow model) and $42.09 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 9.3%. At 10.3% the fair value would be $60.09, at 8.3% it would be $78.89.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (14.4).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.8%. Discounted at 9.3% (government bond yield 3.8% plus beta 0.95 times a risk premium of 5.8%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $93.43 per share: free cash flow for the next ten years, each year discounted to today at 9.3%, 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 9.3%) |
|---|---|---|---|---|
| 2026 | $164.44M | extrapolated at 34.6% | 0.9148 | $150.43M |
| 2027 | $206.16M | extrapolated at 25.4% | 0.8368 | $172.52M |
| 2028 | $245.14M | extrapolated at 18.9% | 0.7655 | $187.66M |
| 2029 | $280.41M | extrapolated at 14.4% | 0.7003 | $196.36M |
| 2030 | $311.86M | extrapolated at 11.2% | 0.6406 | $199.78M |
| 2031 | $339.94M | extrapolated at 9.0% | 0.5860 | $199.21M |
| 2032 | $365.26M | extrapolated at 7.4% | 0.5361 | $195.81M |
| 2033 | $388.51M | extrapolated at 6.4% | 0.4904 | $190.52M |
| 2034 | $410.28M | extrapolated at 5.6% | 0.4486 | $184.06M |
| 2035 | $431.09M | extrapolated at 5.1% | 0.4104 | $176.91M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $1.85B |
| Terminal value: cash flow 2035 × (1 + 3.8%) / (9.3% − 3.8%) | $8.16B |
| Present value of terminal value (× 0.4104) | $3.35B |
| Equity value (sum plus present value of terminal value) | $5.2B |
| Shares (diluted) | 55.68M |
| Value per share (equity value divided by shares) | $93.43 |
| Earnings per share, last twelve months | $2.92 |
| × 14.4 (industry P/E) | $42.09 |
| Fair value (average of both parts) | $67.76 |
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 1 May 2026)
- 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.