ENXTBR:VIO

Stock Analysis Report

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Executive Summary

Viohalco S.A., through its subsidiaries, manufactures and sells aluminium, copper, cables, and steel and steel pipe products worldwide.


Snowflake Analysis

Excellent balance sheet and fair value.

Share Price & News

How has Viohalco's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: VIO's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.0%

VIO

2.7%

BE Metals and Mining

4.5%

BE Market


1 Year Return

-29.1%

VIO

-13.5%

BE Metals and Mining

-17.5%

BE Market

Return vs Industry: VIO underperformed the Belgian Metals and Mining industry which returned -14.5% over the past year.

Return vs Market: VIO underperformed the Belgian Market which returned -18.2% over the past year.


Shareholder returns

VIOIndustryMarket
7 Day-2.0%2.7%4.5%
30 Day11.2%5.8%8.9%
90 Day-4.5%-5.2%-7.2%
1 Year-29.1%-29.1%-13.2%-13.5%-16.5%-17.5%
3 Year17.3%17.3%18.1%2.5%-26.9%-31.1%
5 Year-2.8%-2.8%41.6%13.2%-22.5%-30.7%

Price Volatility Vs. Market

How volatile is Viohalco's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Viohalco undervalued compared to its fair value and its price relative to the market?

40.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: VIO (€2.54) is trading below our estimate of fair value (€4.1)

Significantly Below Fair Value: VIO is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: VIO is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: VIO is unprofitable, so we can't compare its PE Ratio to the Belgian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate VIO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: VIO is good value based on its PB Ratio (0.6x) compared to the BE Metals and Mining industry average (0.8x).


Next Steps

Future Growth

How is Viohalco forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.7%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Viohalco has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Viohalco performed over the past 5 years?

49.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VIO is currently unprofitable.

Growing Profit Margin: VIO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: VIO is unprofitable, but has reduced losses over the past 5 years at a rate of 49.3% per year.

Accelerating Growth: Unable to compare VIO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: VIO is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-0.06%).


Return on Equity

High ROE: VIO has a negative Return on Equity (0.075%), as it is currently unprofitable.


Next Steps

Financial Health

How is Viohalco's financial position?


Financial Position Analysis

Short Term Liabilities: VIO's short term assets (€1.8B) exceed its short term liabilities (€1.6B).

Long Term Liabilities: VIO's short term assets (€1.8B) exceed its long term liabilities (€1.2B).


Debt to Equity History and Analysis

Debt Level: VIO's debt to equity ratio (132.9%) is considered high.

Reducing Debt: VIO's debt to equity ratio has reduced from 137.7% to 132.9% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable VIO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: VIO is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 50.7% per year.


Next Steps

Dividend

What is Viohalco's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate VIO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate VIO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if VIO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if VIO's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of VIO's dividend in 3 years as they are not forecast to pay a notable one for the Belgian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.4yrs

Average board tenure


CEO

Evangelos Moustakas

no data

Tenure

€25,000

Compensation

Mr. Evangelos Dion Moustakas serves as Chief Executive Officer and Managing Director of VIOHALCO S.A. Mr. Moustakas served as the Chairman of Hellenic Cables SA. Mr. Moustakas served as Vice Chairman of V ...


Board Members

NamePositionTenureCompensationOwnership
Nikolaos Stassinopoulos
President of the Boardno data€50.00k32.27% 204.1m
Evangelos Moustakas
CEO, MD & Executive Directorno data€25.00kno data
Jacques Moulaert
VP of the Boardno data€25.00kno data
Michail Stassinopoulos
Executive Director7.42yrs€25.00kno data
Ippokratis-Ioannis Stasinopoulos
Executive Director7.42yrs€25.00kno data
Jean Faulx
Executive Director7.42yrs€25.00kno data
Thanasis Molokotos
Executive Director6.42yrs€25.00kno data
Francis Mer
Independent7.42yrs€50.00kno data
Kalliopi Tsolina
Independent1.58yrsno datano data
Efthimios Christodoulou
Non-Executive & Independent Director7.42yrsno datano data

7.4yrs

Average Tenure

Experienced Board: VIO's board of directors are considered experienced (7.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Viohalco S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Viohalco S.A.
  • Ticker: VIO
  • Exchange: ENXTBR
  • Founded: 1937
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: €632.423m
  • Shares outstanding: 259.19m
  • Website: https://www.viohalco.com

Number of Employees


Location

  • Viohalco S.A.
  • 30 Marnix Avenue
  • Brussels
  • Brussels
  • 1000
  • Belgium

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VHCDB (Deutsche Boerse AG)YesCommon SharesDEEURNov 2013
VIOENXTBR (Euronext Brussels)YesCommon SharesBEEURNov 2013
0QI2LSE (London Stock Exchange)YesCommon SharesGBEURNov 2013
VIOATSE (The Athens Stock Exchange)YesCommon SharesGREURNov 2013
VIOBBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURNov 2013

Biography

Viohalco S.A., through its subsidiaries, manufactures and sells aluminium, copper, cables, and steel and steel pipe products worldwide. Its Aluminium segment offers aluminium products, including coils, strips, sheets, and foils for various applications; extruded products for transportation, HVAC&R, packaging, building & construction, lithography, energy, industrial, and engineering applications; coils for lithographic printing; and architectural and industrial aluminium profiles. The company’s Copper segment provides copper and copper alloy products, including copper and brass tubes, copper strips, foils, discs, circles, and sheets and plates, as well as copper bus bars, rods, flats, and wires. Its Steel segment offers long, flat, and downstream steel products. The company’s Cable segment manufactures land and submarine cables, and telecommunication cables, as well as enamelled wires and compounds. Its Steel Pipes segment provides steel pipes for the transportation of natural gas, oil and water, and hollow structural sections, which are used in construction projects. The company’s Real Estate segment develops industrial real estate properties in Greece and Bulgaria. Its Resource Recovery segment trades in and processes secondary raw materials; undertakes waste management and environmental operations; and provides services to consumers and corporations. The company’s Other Activities segment produces products and solutions for the optimization of industrial and business processes. This segment also engages in the ceramic trade activities, as well as in the insurance brokerage business. It serves clients in building and construction, telecommunication, oil and gas, transportation, marine, automotive, food and pharmaceutical packaging, heating and air conditioning, renewable energy, water supply, and lithography sectors. The company was founded in 1937 and is headquartered in Brussels, Belgium. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/04 23:25
End of Day Share Price2020/06/04 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.