Space Hellas S.A.'s (ATH:SPACE) 32% Price Boost Is Out Of Tune With Earnings
Jul 19
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Greek (ASE) IT Industry Analysis
UpdatedSep 15, 2025
DataAggregated Company Financials
Companies7
- 7D1.1%
- 3M14.3%
- 1Y20.3%
- YTD23.7%
All of the companies in the IT industry have been up over the last week, with the industry up 1.1%. This means that the industry has gained 20% over the past year. As for the next few years, earnings are expected to grow by 31% per annum.
Industry Valuation and Performance
Has the Greek IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 16 Sep 2025 | €372.1m | €289.9m | €11.4m | 27.2x | 32.6x | 1.3x |
| Thu, 14 Aug 2025 | €374.4m | €289.9m | €11.4m | 26.8x | 32.8x | 1.3x |
| Sat, 12 Jul 2025 | €355.2m | €289.9m | €11.4m | 21x | 31.1x | 1.2x |
| Mon, 09 Jun 2025 | €336.7m | €289.9m | €11.4m | 21.4x | 29.5x | 1.2x |
| Wed, 07 May 2025 | €317.9m | €246.5m | €9.0m | 17.9x | 35.2x | 1.3x |
| Fri, 04 Apr 2025 | €316.6m | €253.1m | €10.8m | 14.2x | 29.3x | 1.3x |
| Sun, 02 Mar 2025 | €294.4m | €253.1m | €10.8m | 13.4x | 27.3x | 1.2x |
| Tue, 28 Jan 2025 | €299.5m | €253.1m | €10.8m | 14x | 27.8x | 1.2x |
| Thu, 26 Dec 2024 | €294.3m | €253.1m | €10.8m | 14.3x | 27.3x | 1.2x |
| Sat, 23 Nov 2024 | €280.1m | €253.1m | €10.8m | 13.9x | 26x | 1.1x |
| Mon, 21 Oct 2024 | €312.6m | €253.1m | €10.8m | 15.9x | 29x | 1.2x |
| Wed, 18 Sep 2024 | €313.5m | €221.2m | €12.2m | 14.7x | 25.7x | 1.4x |
| Fri, 16 Aug 2024 | €301.9m | €221.2m | €12.2m | 14.5x | 24.8x | 1.4x |
| Sun, 14 Jul 2024 | €308.6m | €221.2m | €12.2m | 15.1x | 25.3x | 1.4x |
| Tue, 11 Jun 2024 | €300.5m | €221.2m | €12.2m | 15.3x | 24.7x | 1.4x |
| Thu, 09 May 2024 | €306.6m | €217.5m | €11.3m | 10.5x | 27.2x | 1.4x |
| Sat, 06 Apr 2024 | €280.5m | €198.3m | €10.1m | 11.6x | 27.9x | 1.4x |
| Mon, 04 Mar 2024 | €252.5m | €198.3m | €10.1m | 11.5x | 25.1x | 1.3x |
| Wed, 31 Jan 2024 | €289.9m | €242.7m | €13.6m | 13.4x | 21.3x | 1.2x |
| Fri, 29 Dec 2023 | €273.9m | €242.7m | €13.6m | 13.2x | 20.1x | 1.1x |
| Sun, 26 Nov 2023 | €257.1m | €242.7m | €13.6m | 12.7x | 18.9x | 1.1x |
| Tue, 24 Oct 2023 | €235.6m | €242.7m | €13.6m | 11.7x | 17.3x | 1x |
| Thu, 21 Sep 2023 | €258.8m | €226.1m | €13.5m | 15.5x | 19.1x | 1.1x |
| Sat, 19 Aug 2023 | €276.6m | €224.5m | €13.5m | 13.4x | 20.4x | 1.2x |
| Mon, 17 Jul 2023 | €259.4m | €224.1m | €12.5m | 16.4x | 20.7x | 1.2x |
| Wed, 14 Jun 2023 | €241.7m | €224.1m | €12.5m | 15.9x | 19.3x | 1.1x |
| Fri, 12 May 2023 | €217.2m | €215.6m | €12.8m | 14.7x | 17x | 1x |
| Sun, 09 Apr 2023 | €217.2m | €209.9m | €12.9m | 14.7x | 16.8x | 1x |
| Tue, 07 Mar 2023 | €209.0m | €209.9m | €12.9m | 14.1x | 16.1x | 1x |
| Thu, 02 Feb 2023 | €219.1m | €209.9m | €12.9m | 14.8x | 16.9x | 1x |
| Sat, 31 Dec 2022 | €203.8m | €209.9m | €12.9m | 14x | 15.7x | 1x |
| Mon, 28 Nov 2022 | €218.4m | €209.9m | €12.9m | 14.8x | 16.9x | 1x |
| Wed, 26 Oct 2022 | €206.7m | €209.9m | €12.9m | 13.8x | 16x | 1x |
| Fri, 23 Sep 2022 | €209.3m | €188.4m | €11.5m | 12.4x | 18.2x | 1.1x |
Price to Earnings Ratio
18.2x
Current Industry PE
- Investors are optimistic on the Greek IT industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 32.6x which is higher than its 3-year average PE of 23.3x.
- The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the IT industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 15% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Greek Tech industry?
| GR Market | 2.62% | |
| Tech | 0.67% | |
| IT | 1.09% | |
| IT Consulting | 1.09% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 23.3x.
- Analysts are expecting annual earnings growth of 31.0%, which is higher than its past year's earnings decline of 30.2% per year.
- Investors are most pessimistic about the IT Consulting industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 23.3x.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 31% over the next 5 years.
- This is better than its past earnings decline of 30% per year.
- In contrast, the IT Consulting industry is expected to see its earnings grow by 31% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PERF Performance Technologies | €6.30 | 4.8% +€4.0m | -5.0% | PE17.8x | |
| REALCONS Real Consulting | €4.98 | 1.2% +€1.2m | 39.9% | PE38.7x | |
| QUAL Quality & ReliabilityE.E | €1.35 | 3.1% +€1.1m | 15.4% | PE112.4x | |
| EIS European Innovation Solutions | €1.34 | 5.4% +€1.0m | 6.2% | PE12.3x | |
| SPACE Space Hellas | €7.70 | 0.5% +€258.3k | 19.9% | PE26.9x |
