K. Kythreotis Holdings (CSE:KYTH) - Share price, News & Analysis

Q: What is the Fair Price of KYTH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

KYTH (€0.35) is trading below our estimate of [[fair value]] (€5.67)

KYTH fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	5/6
Financial Health	6/6
Dividends	4/6

KYTH Stock Overview

K. Kythreotis Holdings Public Limited produces and distributes gravel for construction industry in Cyprus.

Rewards

Trading at 93.8% below our estimate of its fair value

Earnings grew by 85.9% over the past year

Risk Analysis

Shares are highly illiquid

Unstable dividend track record

Does not have a meaningful market cap (€15M)

K. Kythreotis Holdings Competitors

Cyprus Cement

CSE:CCC

€86.0m

Vassiliko Cement Works

CSE:VCW

€195.7m

Lordos United

CSE:LPL

€4.5m

Keerthi Industries

BSE:518011

₹1.1b

Price History & Performance

Summary of all time highs, changes and price drops for K. Kythreotis Holdings
Historical stock prices
Current Share Price	€0.35
52 Week High	€0.36
52 Week Low	€0.15
Beta	-0.79
1 Month Change	-3.32%
3 Month Change	40.00%
1 Year Change	n/a
3 Year Change	250.00%
5 Year Change	218.18%
Change since IPO	60.07%

Recent News & Updates

Jun 04

Investors Will Want K. Kythreotis Holdings' (CSE:KYTH) Growth In ROCE To Persist

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...

Apr 28

Further Upside For K. Kythreotis Holdings Public Limited (CSE:KYTH) Shares Could Introduce Price Risks After 44% Bounce

K. Kythreotis Holdings Public Limited ( CSE:KYTH ) shares have had a really impressive month, gaining 44% after a shaky...

Shareholder Returns

	KYTH	CY Basic Materials	CY Market
7D	0%	1.1%	1.4%
1Y	n/a	-13.0%	1.6%

Return vs Industry: Insufficient data to determine how KYTH performed against the CY Basic Materials industry.

Return vs Market: Insufficient data to determine how KYTH performed against the CY Market.

Price Volatility

Is KYTH's price volatile compared to industry and market?
KYTH volatility
KYTH Average Weekly Movement	n/a
Basic Materials Industry Average Movement	4.9%
Market Average Movement	3.9%
10% most volatile stocks in CY Market	5.4%
10% least volatile stocks in CY Market	3.2%

Stable Share Price: Insufficient data to determine KYTH's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine KYTH's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1943	76	Petros Kythreotis	https://www.kythreotis.com.cy

K. Kythreotis Holdings Public Limited produces and distributes gravel for construction industry in Cyprus. The company offers crushed rock and sand, road base materials, and ready-mixed concrete. It also engages in the development of a piece of land.

K. Kythreotis Holdings Fundamentals Summary

How do K. Kythreotis Holdings's earnings and revenue compare to its market cap?
KYTH fundamental statistics
Market Cap	€14.86m
Earnings (TTM)	€2.19m
Revenue (TTM)	€19.31m

6.8x

P/E Ratio

0.8x

P/S Ratio

Is KYTH overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
KYTH income statement (TTM)
Revenue	€19.31m
Cost of Revenue	€15.31m
Gross Profit	€4.00m
Other Expenses	€1.81m
Earnings	€2.19m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.052
Gross Margin	20.71%
Net Profit Margin	11.35%
Debt/Equity Ratio	5.7%

How did KYTH perform over the long term?

See historical performance and comparison

Dividends

5.7%

Current Dividend Yield

39%

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

Is KYTH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KYTH?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for KYTH. This is calculated by dividing KYTH's market cap by their current preferred multiple.
What is KYTH's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	€14.86m

KYTH key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.7x
Enterprise Value/EBITDA	4.6x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does KYTH's PE Ratio compare to its peers?

KYTH PE Ratio vs Peers

The above table shows the PE ratio for KYTH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	13.9x
CCC Cyprus Cement	21.3x	n/a	€86.0m
VCW Vassiliko Cement Works	13.9x	n/a	€195.7m
LPL Lordos United	9.5x	n/a	€4.5m
518011 Keerthi Industries	10.9x	n/a	₹1.1b
KYTH K. Kythreotis Holdings	6.8x	n/a	€14.9m

Price-To-Earnings vs Peers: KYTH is good value based on its Price-To-Earnings Ratio (6.8x) compared to the peer average (13.9x).

Price to Earnings Ratio vs Industry

How does KYTH's PE Ratio compare vs other companies in the Asian Basic Materials Industry?

Price-To-Earnings vs Industry: KYTH is good value based on its Price-To-Earnings Ratio (6.8x) compared to the Asian Basic Materials industry average (16.5x)

Price to Earnings Ratio vs Fair Ratio

What is KYTH's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KYTH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	6.8x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate KYTH's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of KYTH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KYTH (€0.35) is trading below our estimate of fair value (€5.67)

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

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

How is K. Kythreotis Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

17.6%

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 K. Kythreotis Holdings 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.

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Examine whether K. Kythreotis Holdings is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has K. Kythreotis Holdings performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

48.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: KYTH has high quality earnings.

Growing Profit Margin: KYTH's current net profit margins (11.4%) are higher than last year (8.2%).

Past Earnings Growth Analysis

Earnings Trend: KYTH's earnings have grown significantly by 48.8% per year over the past 5 years.

Accelerating Growth: KYTH's earnings growth over the past year (85.9%) exceeds its 5-year average (48.8% per year).

Earnings vs Industry: KYTH earnings growth over the past year (85.9%) exceeded the Basic Materials industry -9.3%.

Return on Equity

High ROE: KYTH's Return on Equity (15.4%) is considered low.

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Financial Health

How is K. Kythreotis Holdings's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: KYTH's short term assets (€6.7M) exceed its short term liabilities (€3.1M).

Long Term Liabilities: KYTH's short term assets (€6.7M) exceed its long term liabilities (€953.4K).

Debt to Equity History and Analysis

Debt Level: KYTH has more cash than its total debt.

Reducing Debt: KYTH's debt to equity ratio has reduced from 7.2% to 5.7% over the past 5 years.

Debt Coverage: KYTH's debt is well covered by operating cash flow (481.3%).

Interest Coverage: KYTH's interest payments on its debt are well covered by EBIT (84.4x coverage).

Balance Sheet

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Dividend

What is K. Kythreotis Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage

5.71%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: KYTH's dividend (5.71%) is higher than the bottom 25% of dividend payers in the CY market (2.92%).

High Dividend: KYTH's dividend (5.71%) is in the top 25% of dividend payers in the CY market (5.6%)

Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, KYTH has been paying a dividend for less than 10 years.

Growing Dividend: KYTH's dividend payments have increased, but the company has only paid a dividend for 4 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (38.7%), KYTH's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (42%), KYTH's dividend payments are well covered by cash flows.

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Management

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

€121k

CEO Compensation

CEO

Petros Kythreotis

no data

Tenure

€121,066

Compensation

Mr. Petros K. Kythreotis serves as the Chairman of the Board, Chief Executive Officer and President of K. Kythreotis Holdings Public Ltd.

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.

Data	Last Updated (UTC time)
Company Analysis	2022/08/14 00:00
End of Day Share Price	2022/08/03 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31