Added to YB: 2026-07-30
Pitch date: 2026-07-27
ASE.WA [bullish]
Asseco South Eastern Europe S.A.
+4.29%
current return
Author Info
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Company Info
Asseco South Eastern Europe S.A., together with its subsidiaries, provides software implementation, integration, and outsourcing services.
Market Cap
PLN 3.6B
Pitch Price
PLN 70.00
Price Target
N/A
Dividend
2.50%
EV/EBITDA
10.20
P/E
17.28
EV/Sales
1.90
Sector
IT Services
Category
growth
Revenue growth, margin uplift and a multiple re-rating: ASEE has it all
ASE.WA (new position): Constellation/Topicus playbook applied to Balkan IT/software co via Asseco Poland stake. Sygnity comp delivered 6.5x. ASEE mirrors pre-acq metrics: ~10% margin gap to CSU benchmarks, 10-15% rev growth, ROIC ~10% vs 25% target. 16.8x adj PAT, 2% below Topicus entry, +3% div. 18-36% IRR over 3-4yrs, upside from re-rating. Catalyst: Aug 12 EGM incentive vote. Complementary to Topicus base, ~20% of SaaSpocalypse stack. Buy <PLN 75.
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