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Asseco Poland SA (ACP) AI Stock Analysis
Asseco Poland SA
(Warsaw:ACP)
The score is driven primarily by stable financials—consistent revenue and margins, manageable debt, but with declining equity returns and recent cash flow concerns. Technical analysis is neutral due to missing indicators, and the company is moderately valued offering only average income, resulting in a balanced but unspectacular risk/reward profile.
Asseco Poland SA (ACP) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- PLN 4.59B
- Dividend Yield
- 5.34%
- Average Volume (3M)
- 151.75K
- Price to Earnings (P/E)
- 13.7
- Beta (1Y)
- 1.00
- Revenue Growth
- 1.52%
- EPS Growth
- 106.58%
- Country
- PL
- Employees
- 30,932
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Software - Application
Asseco Poland SA Business Overview & Revenue Model
Company Description
Asseco Poland S.A. is a prominent information technology (IT) firm specializing in the creation and distribution of software solutions, with significant operations in its home country of Poland and an extensive international presence. Its business ac...
How the Company Makes Money
Asseco Poland SA generates revenue primarily through the sale of software licenses, implementation services, and ongoing maintenance and support contracts. The company earns income from both one-time sales and recurring subscription models. Key reven...
Asseco Poland SA Earnings Call Summary
The call portrayed a strong operational and financial quarter with record top-line and profit growth, margin expansion, healthy backlog expansion and constructive M&A, supported by diversified segment strength (public sector, finance, ERP). Key negatives were mainly timing and one-off items: elevated Q2 tax from a Sapiens dividend, impairments/write-downs (notably Asseco Spain), and temporary cash/working-capital pressure at Matrix (Formula Systems) driven by factoring and late public payments. Management framed many negatives as cyclical, one-off or addressed by ongoing actions. Overall, the positive operational momentum, margin improvement and backlog growth substantially outweigh the lowlights.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management gave a cautious but positive outlook rather than formal guidance, saying 2026 looks “very decent” while flagging seasonal cash pickup in Q3/Q4 and plans to convert one‑off public‑sector work into recurring revenue; they highlighted H1 metrics of PLN 9.25bn revenue (+16% YoY), operating profit >PLN 1.08bn (+38%), and net profit ~PLN 430–460m (+~52%), with non‑IFRS EBITDA PLN 1.5bn, non‑IFRS EBIT PLN 1.24bn and non‑IFRS net profit PLN 485m, 5‑yr revenue CAGR 6% (software/proprietary services 7%); FX helped with +PLN 284m sales / +PLN 29m non‑IFRS op profit, organic delta was +PLN 855m sales / +PLN 243m op profit and post‑June acquisitions added +PLN 121m sales / +PLN 35m op profit; order backlog up ~12% (fixed FX) / 18% (variable FX) overall with Asseco Poland +21%, Asseco International ~+10–11% and Formula Systems ~+10–20%, cash conversion ~105% group (113% Poland, 133% International, ~84–93% Formula) and proportional net cash ~PLN 1.3bn after Q2 dividends.
Asseco Poland SA Financial Statement Overview
Summary
Asseco Poland SA shows stable revenues, solid sector margins, prudent leverage, and good solvency. However, return on equity is declining, and recent cash flow weakness points to emerging liquidity pressures despite an overall mature and stable financial profile.
Income Statement
66PositiveBalance Sheet
61PositiveCash Flow
55Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.04B | 16.78B | 17.13B | 16.90B | 17.37B | 14.50B |
| Gross Profit | 3.71B | 3.62B | 3.89B | 3.73B | 3.78B | 3.24B |
| EBITDA | 2.47B | 2.36B | 2.71B | 2.59B | 2.76B | 2.24B |
| Net Income | 1.29B | 1.14B | 519.90M | 482.80M | 502.30M | 467.60M |
Balance Sheet | ||||||
| Total Assets | 22.77B | 23.06B | 20.32B | 18.84B | 20.13B | 18.57B |
| Cash, Cash Equivalents and Short-Term Investments | 5.36B | 7.31B | 3.53B | 3.30B | 3.75B | 3.20B |
| Total Debt | 3.64B | 3.31B | 3.91B | 4.10B | 3.97B | 3.43B |
| Total Liabilities | 10.59B | 10.17B | 10.68B | 9.77B | 9.92B | 8.92B |
| Stockholders Equity | 6.96B | 7.43B | 5.50B | 5.30B | 6.55B | 6.28B |
Cash Flow | ||||||
| Free Cash Flow | 2.02B | 2.59B | 1.99B | 2.28B | 1.43B | 1.47B |
| Operating Cash Flow | 2.25B | 2.88B | 2.35B | 2.49B | 1.85B | 1.59B |
| Investing Cash Flow | 1.59B | 1.66B | -508.10M | -893.20M | -490.60M | -599.90M |
| Financing Cash Flow | -1.51B | -541.70M | -1.61B | -1.93B | -809.80M | -983.20M |
Asseco Poland SA Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PL:ACP, the sentiment is Positive. The current price of 249.10 is above the 20-day moving average (MA) of 234.17, above the 50-day MA of 231.04, and above the 200-day MA of 193.57, indicating a bullish trend. The MACD of 6.40 indicates Negative momentum. The RSI at 60.97 is Neutral, neither overbought nor oversold. The STOCH value of 66.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PL:ACP.
Asseco Poland SA Peers Comparison
Overall Rating
- PL:ACP58Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| PL:ACP | 58Neutral | PLN 20.29B | 13.66 | 18.50% | 5.34% | 1.52% | 106.58% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| PL:ACP | Asseco Poland SA | 244.50 | 47.21 | 23.93% | |
| PL:SPR | SpyroSoft SA | 319.00 | -179.00 | -35.94% | |
| PL:ABS | Asseco Business Solutions SA | 87.00 | 3.50 | 4.19% | |
| PL:ALL | Ailleron SA | 16.36 | 0.92 | 5.96% | |
| PL:FAB | Fabrity Holding S.A. | 26.80 | 2.41 | 9.87% | |
| PL:QNT | Quantum software S.A. | 41.60 | 17.30 | 71.19% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Sep 16, 2025