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AB S.A (ABE) Fair Value & Analysis

Technology · PL · Market cap 2.2B PLN

AS AB S.A ABE · WAR
Price138.40 PLN
Fair Value216.40 PLN
Upside+56.4%
Quality53/100
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Healthy Growth
Thin margins · 1.3% net margin
Low debt · generates free cash flow
4.56% dividend yield
Ranks above peers (10/15)
Narrow moat 35/100
Evidence: High Range 122.11 PLN – 277.54 PLN Share as image

Fair value as of: Jul 16, 2026

From 25 valuation models · updated 25 days ago

Share price +3.9% over the past month.

A solid business, screening 56% undervalued on our models.

What matters now

  • Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (122.11 PLN to 277.54 PLN) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

147.60 PLN 30.41 PLN Fair Value 216.40 PLN Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 30.41 PLN – 147.60 PLN · fair‑value band 122.11 PLN – 277.54 PLN · the 138.40 PLN price screens below the 216.40 PLN fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

AB S.A (ABE) currently trades at 138.40 PLN, while our model-based Fair Value estimate is 216.40 PLN, implying the stock looks roughly 56.4% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, AB S.A generated revenue of 15.4B PLN at a net margin of 1.3%. Revenue grew 8.5% year over year. It earns a return on equity of 13.1%. Net debt stands at 37.8M PLN. Fundamentals as of Jul 16, 2026

Our scenario range runs from 122.11 PLN (bear case) to 277.54 PLN (bull case); at 138.40 PLN, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 9% below its 52-week high and 63% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -33% fair-value upside, at 56%, ABE screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 77.50 PLN 122.39 PLN 190.65 PLN 80
Residual Income 87.53 PLN 99.92 PLN 180.44 PLN 76
ROIC Compounder 142.64 PLN 184.52 PLN 238.08 PLN 72
All 25 models by family
DCF Models
FCF DCF 77.23 PLN 124.21 PLN 197.15 PLN 38
Owner Earnings 140.85 PLN 227.57 PLN 362.18 PLN 31
5Y Revenue Exit 128.07 PLN 226.88 PLN 358.31 PLN 39
5Y EBITDA Exit 136.07 PLN 242.48 PLN 371.73 PLN 41
5Y P/E Exit 125.93 PLN 222.70 PLN 328.81 PLN 38
10Y Revenue Exit 103.82 PLN 189.16 PLN 313.67 PLN 36
10Y EBITDA Exit 113.76 PLN 200.00 PLN 324.09 PLN 37
10Y P/E Exit 107.33 PLN 186.26 PLN 290.77 PLN 35
Earnings-Based
Graham-Dodd 75.49 PLN 284.61 PLN 385.11 PLN 54
Lynch FV 68.85 PLN 98.36 PLN 127.87 PLN 50
PEG = 1.0 68.85 PLN 98.36 PLN 127.87 PLN 46
EPV 132.69 PLN 153.32 PLN 171.13 PLN 59
Dividend Discount
Gordon GGM 26.56 PLN 52.92 PLN 80.14 PLN 70
DDM Multi-Stage 26.56 PLN 45.74 PLN 55.86 PLN 61
Multiples
P/E Multiple 166.52 PLN 222.03 PLN 277.54 PLN 63
P/S Multiple 141.54 PLN 188.72 PLN 235.91 PLN 58
P/B Multiple 141.54 PLN 188.72 PLN 235.91 PLN 55
EV/EBIT 237.62 PLN 316.16 PLN 394.70 PLN 53
EV/EBITDA 185.80 PLN 247.07 PLN 308.34 PLN 54
EV/Revenue 160.82 PLN 228.89 PLN 296.96 PLN 43
Asset-Based
NCAV (Graham) 48.80 PLN 65.40 PLN 97.61 PLN 50
Growth DCF
Growth DCF 77.50 PLN 122.39 PLN 190.65 PLN 80
Economic Profit
Residual Income 87.53 PLN 99.92 PLN 180.44 PLN 76
ROIC Compounder 142.64 PLN 184.52 PLN 238.08 PLN 72
Growth Earnings
Growth-Adj P/E 122.76 PLN 175.37 PLN 227.98 PLN 68

Widest divergence: Multiples (222.03 PLN) versus Dividend Discount (45.74 PLN). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 15.6B PLN
Revenue growth (YoY) +7.8%
Net margin 1.3%
Return on equity 13.9%
Free cash flow 103M PLN FY2025
P/E ratio 10.7
More key figures
Operating margin 1.9%
EPS (TTM) 13.22 PLN
Dividend yield 4.6%
EPS growth (YoY) +18.2%
Net debt 37.8M PLN FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 53 · Market factors (momentum, volatility) 77

Profitability 45
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 67
Price trend over the last 3–12 months (market factor)
52W Momentum 87
Distance to the 52-week high (market factor)
Net Issuance 90
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

AB S.A., together with its subsidiaries, distributes IT products primarily in Poland, the Czech Republic, and Slovakia. It engages in the wholesale trade of computers, computer hardware, toys, multimedia, electronic equipment, audiovisual equipment, and household appliances; licensing of computer programs; retail trade in computer hardware; toys; …

Full company description

AB S.A., together with its subsidiaries, distributes IT products primarily in Poland, the Czech Republic, and Slovakia. It engages in the wholesale trade of computers, computer hardware, toys, multimedia, electronic equipment, audiovisual equipment, and household appliances; licensing of computer programs; retail trade in computer hardware; toys; manufacturing of personal computers; leasing of warehouses; and logistics activities. The company also offers IT devices; servers and networks; phones and GPS; photos and optics; household goods; TV sets, home cinema sets, car stereos, voice recorders, Hi-Fi equipment, multimedia players, and blueray / DVD players; office equipment and supplies, computers, monitors, printers, scanners, consumables, and software products; lighting products; fitness and sport products; and construction and assembly, protective clothing, power tools, and hand tools. In addition, it provides automotive products and accessories, including breathalyzers, cameras and parking sensors, navigation, car recorders, car audio equipment, multimedia stations, CB radios, and hands-free kits, as well as power supplies and chargers; and home products comprising assistants, control panels, sensors, controllers, triggers, and light sources for configuration of an intelligent building. Further, the company offers facility monitoring products, such as alarms, sensors, intercoms / videophones, wired and wireless cameras, recorders and monitoring sets, as well as gardening tools, mowers and sprayers, garden furniture, and barbecues; and marketing, financing, and training services. AB S.A. was founded in 1990 and is headquartered in Magnice, Poland.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

AB S.A reported revenue of 14.9B PLN in FY2025 versus 14.0B PLN in FY2021, a compound +1.6%/yr. Reported net income was 174M PLN in FY2025, compounding +3.6%/yr from FY2021.

Growth Quality 63/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
14.9B PLN
Latest YoY
+1.9%
Avg. growth/yr (3Y)
−0.6%
Avg. growth/yr (5Y)
+2.7%
Avg. growth/yr (20Y)
+14.6%
Revenue +1.6%/yr
FY21 14.0B PLN
FY22 15.2B PLN
FY23 15.4B PLN
FY24 14.7B PLN
FY25 14.9B PLN
Net income +3.6%/yr
FY21 151M PLN
FY22 153M PLN
FY23 160M PLN
FY24 175M PLN
FY25 174M PLN

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Cite: Fair Value Calculator (2026). "AB S.A Fair Value". https://www.fairvalue-calculator.com/stock/ABE

Peer Group

Electronics & Computer Distribution · 151 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 53 · Above median
Fair Value upside +56% · Top 25%
Return on equity (TTM) 14% · Above median
Return on assets 5% · Above median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth 8% · Below median
Dividend yield (TTM) 4.6% · Above median
Debt / equity 0.07× · Higher than median

Valuation Multiples vs Electronics & Computer Distribution median · lower = cheaper

P/E (TTM) 10.7× · Cheaper than 75% of peers
P/B 0.39× · Cheaper than 75% of peers
P/S (TTM) 0.04× · Cheaper than 75% of peers
P/FCF 5.8× · Pricier than median
EV/EBITDA 1.7× · Cheaper than 75% of peers
PEG 0.51× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 14
FUTURE 39 · sector 57
PAST 56 · sector 36
HEALTH 97 · sector 98
DIVIDEND 91 · sector 39

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electronics & Computer Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
TD SYNNEX Corporation SNX $251.52 $207.02 -18%
Unisplendour Corporation 000938 ¥38.59 ¥11.79 -69%
Rexel S.A RXL €38.59 €33.31 -14%
Arrow Electronics, Inc ARW $204.10 $115.40 -43%
Avnet, Inc AVT $87.13 $58.57 -33%
WPG Holdings 3702 106.50 TWD 102.31 TWD -4%
Shenzhen Huaqiang Industry Co 000062 ¥22.37 ¥7.52 -66%
Synnex Technology International Corporation 2347 85.30 TWD 86.30 TWD +1%
Nanjing Sunlord Electronics Corporation 300975 ¥37.37 ¥8.60 -77%
Beijing Tricolor Technology Co 603516 ¥106.52 ¥23.39 -78%

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Frequently asked questions

Is AB S.A (ABE) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 216.40 PLN versus a price of 138.40 PLN, about +56% (undervalued).
What is the fair value of ABE?
Our model-based fair value for AB S.A is 216.40 PLN (as of Jul 16, 2026), built from audited fundamentals. The current price is 138.40 PLN.
What is the quality score of ABE?
AB S.A has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of AB S.A (ABE)?
AB S.A reported trailing-twelve-month revenue of about 15.4B PLN (latest available figure, as of Jul 16, 2026).
What is the net profit margin of ABE?
The net profit margin of AB S.A is about 1.3%, meaning it keeps roughly 1.3% of revenue as net income. Based on the latest reported figures.
Does AB S.A pay a dividend?
AB S.A currently shows a dividend yield of about 4.39% relative to its recent price (as of Jul 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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