ACP Stock Analysis: Asseco Poland S.A. | WAR
Software - Application | WAR, Poland | Market Cap: 18.759m PLN | 12M Return: 26.3% | PLSOFTB00016 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 36.7M
EPS Trend: 88.1%
Rev. Trend: 86.3%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.8 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 is strong.
Asseco Poland (WAR: ACP) develops and sells software and IT solutions across sectors including banking, insurance, government, healthcare, energy, telecommunications, and defense. Its offerings include cloud and ERP systems, business intelligence and data analytics tools, and consulting and implementation services for organizations of different sizes.
Enterprise software providers commonly combine products with implementation and advisory services to fit clients’ operational and regulatory needs. Incorporated in 1989, Asseco Poland is headquartered in Rzeszów, Poland.
- Banking and public-sector digitalization sustains software contract demand
- Wage inflation and project mix pressure operating margins
- International growth and currency swings reshape earnings as acquisitions expand upsides
| Net Income: 1.29b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -2.13 > 1.0 |
| NWC/Revenue: 23.26% < 20% (prev 9.53%; Δ 13.73% < -1%) |
| CFO/TA 0.10 > 3% & CFO 2.25b > Net Income 1.29b |
| Net Debt (-834.9m) to EBITDA (2.47b): -0.34 < 3 |
| Current Ratio: 1.57 > 1.5 & < 3 |
| Outstanding Shares: last quarter (80.5m) vs 12m ago 18.07% < -2% |
| Gross Margin: 22.55% > 18% (prev 23.18%; Δ -0.62% > 0.5%) |
| Asset Turnover: 85.47% > 50% (prev 91.39%; Δ -5.92% > 0%) |
| Interest Coverage Ratio: 9.40 > 6 (EBIT TTM 1.78b / Interest Expense TTM 189.4m) |
| A: 0.18 (Total Current Assets 11.6b - Total Current Liabilities 7.39b) / Total Assets 22.8b |
| B: 0.13 (Retained Earnings 3.03b / Total Assets 22.8b) |
| C: 0.08 (EBIT TTM 1.78b / Avg Total Assets 21.1b) |
| D: 0.66 (Book Value of Equity 6.96b / Total Liabilities 10.6b) |
| Altman-Z'' = 2.90 = A |
| DSRI: 1.01 (Receivables 5.38b/5.28b, Revenue 18.0b/17.8b) |
| GMI: 1.03 (GM 23.18% / 22.55%) |
| AQI: 0.87 (AQ_t 0.41 / AQ_t-1 0.47) |
| SGI: 1.02 (Revenue 18.0b / 17.8b) |
| TATA: -0.04 (NI 1.29b - CFO 2.25b) / TA 22.8b) |
| Beneish M = -3.07 (Cap -4..+1) = AA |
As of November 12, 2026, the stock is trading at PLN 230.20 with a total of 159,867 shares traded. Over the past week, the price has changed by -2.70%, over one month by +2.08%, over three months by +2.08% and over the past year by +26.28%.
Current recommended Stop Loss: 219.40 (which is 4.7% or 1.3 ATR below the current price).
Asseco Poland S.A. has no consensus analysts rating.
P/E Trailing = 23.161
P/E Forward = 13.6426
P/S = 1.0397
P/B = 2.6472
P/EG = 13.3066
Revenue TTM = 18.0b PLN
EBIT TTM = 1.78b PLN
EBITDA TTM = 2.47b PLN
Long Term Debt = 1.44b PLN (from longTermDebt, last quarter)
Short Term Debt = 1.56b PLN (from shortTermDebt, last quarter)
Debt = 4.52b PLN (from shortLongTermDebtTotal, last quarter) + Leases 884.3m
Net Debt = -834.9m PLN (calculated: Debt 4.52b - CCE 5.36b)
Enterprise Value = 17.9b PLN (18.8b + Debt 4.52b - CCE 5.36b)
Interest Coverage Ratio = 9.40 (Ebit TTM 1.78b / Interest Expense TTM 189.4m)
EV/FCF = 8.89x (Enterprise Value 17.9b / FCF TTM 2.02b)
FCF Yield = 11.25% (FCF TTM 2.02b / Enterprise Value 17.9b)
FCF Margin = 11.18% (FCF TTM 2.02b / Revenue TTM 18.0b)
Net Margin = 7.13% (Net Income TTM 1.29b / Revenue TTM 18.0b)
Gross Margin = 22.55% ((Revenue TTM 18.0b - Cost of Revenue TTM 14.0b) / Revenue TTM)
Gross Margin QoQ = 23.58% (prev 23.14%)
Tobins Q-Ratio = 0.79 (Enterprise Value 17.9b / Total Assets 22.8b)
Interest Expense / Debt = 4.19% (Interest Expense 189.4m / Debt 4.52b)
Taxrate = 21.73% (367.9m / 1.69b)
NOPAT = 1.39b (EBIT 1.78b * (1 - 21.73%))
Current Ratio = 1.57 (Total Current Assets 11.6b / Total Current Liabilities 7.39b)
Debt / Equity = 0.65 (Debt 4.52b / totalStockholderEquity, last quarter 6.96b)
Debt / EBITDA = -0.34 (Net Debt -834.9m / EBITDA 2.47b)
Debt / FCF = -0.41 (Net Debt -834.9m / FCF TTM 2.02b)
Total Stockholder Equity = 6.95b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.09% (Net Income 1.29b / Total Assets 22.8b)
RoE = 18.50% (Net Income TTM 1.29b / Total Stockholder Equity 6.95b)
RoCE = 21.21% (EBIT 1.78b / Capital Employed (Equity 6.95b + L.T.Debt 1.44b))
RoIC = 8.68% (NOPAT 1.39b / Invested Capital 16.0b)
WACC = 7.40% (E(18.8b)/V(23.3b) * Re(8.39%) + D(4.52b)/V(23.3b) * Rd(4.19%) * (1-Tc(0.22)))
Discount Rate = 8.39% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 69.63 | Cagr: 7.66%
[DCF] Terminal Value 74.65% ; FCFF base≈2.06b ; Y1≈1.98b ; Y5≈1.90b
[DCF] Fair Price = 381.7 (EV 29.9b - Net Debt -834.9m = Equity 30.7b / Shares 80.5m; r=8.35% [WACC [floored]]; 5y FCF grow -5.59% → 2.50% )
EPS Correlation: 88.09 | EPS CAGR: 40.43% | SUE: N/A | # QB: 0
Revenue Correlation: 86.34 | Revenue CAGR: 2.61% | SUE: 0.15 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=10.48 | Chg30d=+20.11% | Revisions=+25% | GrowthEPS=+20.9% | GrowthRev=+22.4%
EPS next Year (2027-12-31): EPS=10.64 | Chg30d=+13.55% | Revisions=+0% | GrowthEPS=+1.5% | GrowthRev=+2.5%
[Analyst] Revisions Ratio: +25% (up=1, down=0)