DB:HLL

Stock Analysis Report

Executive Summary

Ellaktor S.A., through its subsidiaries, engages in construction and quarrying, real estate development and management, wind power, environment, and concession businesses.


Snowflake Analysis

Mediocre balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: HLL has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.5%

HLL

-6.7%

DE Construction

-0.9%

DE Market


1 Year Return

7.8%

HLL

-23.1%

DE Construction

12.8%

DE Market

Return vs Industry: HLL exceeded the German Construction industry which returned -23.1% over the past year.

Return vs Market: HLL underperformed the German Market which returned 12.8% over the past year.


Shareholder returns

HLLIndustryMarket
7 Day-2.5%-6.7%-0.9%
30 Day-14.6%-2.9%0.6%
90 Day-3.2%-2.7%2.9%
1 Year7.8%7.8%-19.9%-23.1%16.3%12.8%
3 Year43.8%43.8%-19.3%-25.3%15.8%5.7%
5 Year-35.4%-35.4%63.6%45.2%19.7%3.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

0.69x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate HLL's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate HLL's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: HLL is unprofitable, so we can't compare its PE Ratio to the Construction industry average.

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: HLL is good value based on its PB Ratio (0.7x) compared to the XE Construction industry average (1.2x).


Next Steps

Future Growth

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

14.0%

Forecasted Capital Goods 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 Ellaktor 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 Ellaktor performed over the past 5 years?

-2.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HLL is currently unprofitable.

Growing Profit Margin: HLL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HLL is unprofitable, and losses have increased over the past 5 years at a rate of -2.2% per year.

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

Earnings vs Industry: HLL is unprofitable, making it difficult to compare its past year earnings growth to the Construction industry (2.1%).


Return on Equity

High ROE: HLL has a negative Return on Equity (0.4%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Ellaktor's financial position?


Financial Position Analysis

Short Term Liabilities: HLL's short term assets (€1.4B) exceed its short term liabilities (€966.0M).

Long Term Liabilities: HLL's short term assets (€1.4B) do not cover its long term liabilities (€1.6B).


Debt to Equity History and Analysis

Debt Level: HLL's debt to equity ratio (254.1%) is considered high.

Reducing Debt: HLL's debt to equity ratio has increased from 148.6% to 254.1% over the past 5 years.


Balance Sheet

Inventory Level: HLL has a high level of physical assets or inventory.

Debt Coverage by Assets: HLL's debt is not covered by short term assets (assets are 0.8x debt).


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: HLL has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: HLL has sufficient cash runway for 1.4 years if free cash flow continues to reduce at historical rates of -13.6% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%1.3%markettop25%3.6%industryaverage3.5%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: HLL is not paying a notable dividend for the German market.


Future Payout to Shareholders

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


Next Steps

Management

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

0.7yrs

Average management tenure


CEO

Anastasios Kallitsantsis (66yo)

1.6yrs

Tenure

0

Mr. Anastasios Parisis Kallitsantsis is Chairman at Aktor SA. Mr. Kallitsants is served as Executive Member of Elliniki Technodomiki Anemos S.A. Production of Electrical Energyand since October 2018 until  ...


Leadership Team

NamePositionTenureCompensationOwnership
Anastasios Kallitsantsis
MD & Executive Director1.6yrsno datano data
Manos Christeas
Chief Financial Officer0.7yrsno datano data
Evangelos Panopoulos
Head of Accounting Department0yrsno datano data
Pitoskas Stergios
Head of Investors Relations0yrsno datano data
Alexandros Spiliotopoulos
Financial Consultant0.7yrsno datano data
Mountzia Maria - Athina
Head of Strategic Planning0yrsno datano data
Antony Hadjioannou
Deputy Chief Financial Officer0.7yrsno datano data
Neroutsos Konstantinos
Executive Officer of design Development and Maintenance0yrsno datano data
Megalokonomos Konstantinos
Executive Officer of Financial Department0yrsno datano data
Kokotsis Ioannis
Executive Officer of Investments Programmes0yrsno datano data

0.7yrs

Average Tenure

Experienced Management: HLL's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Anastasios Kallitsantsis
MD & Executive Director1.6yrsno datano data
Iordanis Aivazis
Non-Executive Director1.6yrsno datano data
Georgios Provopoulos
Chairman & Lead Independent Director1.6yrsno datano data
Dimitrios Kalitsantsis
Vice Chairman1.6yrsno datano data
Panagiotis Doumanoglou
Non Executive Director1.6yrsno datano data
Michail Katounas
Independent Non Executive Director1.6yrsno datano data
Alexios Komninos
Independent Non Executive Director1.6yrsno datano data
Despina Markaki
Independent Non Executive Director1.6yrsno datano data
Eleni Papakonstantinou
Independent Non Executive Director1.6yrsno datano data

1.6yrs

Average Tenure

60yo

Average Age

Experienced Board: HLL's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


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 been diluted in the past year, with total shares outstanding growing by 4.7%.


Top Shareholders

Company Information

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


Key Information

  • Name: Ellaktor S.A.
  • Ticker: HLL
  • Exchange: DB
  • Founded:
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: €350.549m
  • Shares outstanding: 214.27m
  • Website: https://www.ellaktor.gr

Number of Employees


Location

  • Ellaktor S.A.
  • 25 Ermou Street
  • Athens - Lamia National Road
  • Athens
  • 145 64
  • Greece

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ELLAKTORATSE (The Athens Stock Exchange)YesCommon SharesGREUROct 1994
0K9TLSE (London Stock Exchange)YesCommon SharesGBEUROct 1994
ELLK.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 1994
HLLDB (Deutsche Boerse AG)YesCommon SharesDEEUROct 1994
ELLK.YOTCPK (Pink Sheets LLC)ADRUSUSDFeb 2009

Biography

Ellaktor S.A., through its subsidiaries, engages in construction and quarrying, real estate development and management, wind power, environment, and concession businesses. It constructs infrastructure projects, such as bridges, ring roads, motorways, tunnels, and dams; Olympic Games projects; office buildings, industrial units, commercial and convention centers, hotels, hospitals, sport facilities, underground parking stations, and housing complexes; shopping centers, retail parks, supermarkets, and stores; and cultural centers. The company also constructs airports, cargo facilities, schools, sewage treatment plants, and gas metering stations; undertakes expansion and automation, electromechanical installation, landscaping, and planting works, as well as landscape restoration projects; and mines for gold, silver, copper, lead, zinc, manganese, etc. In addition, it constructs and operates concession projects, including roads, bridges, car park stations, motorways, and waste management concessions; and mechanical and biological treatment facilities, landfills, power generation plants using biogas from landfills, disposal sites of waste and organic waste through anaerobic digestion plants, hospital waste incinerators, and leachate treatment facilities. Further, the company owns and operates 16 wind parks, 1 photovoltaic plant, and 1 hydro plant with a total installed capacity of 2891 megawatts. Additionally, it develops, operates, manages, and sells retail parks, commercial and entertainment centers, residential complexes, exhibition centers, office buildings, and buildings for mixed purpose. Ellaktor S.A. operates in Greece, Other European countries, Gulf countries, the Americas, Africa, and Australia. The company was formerly known as ELLINIKI TECHNODOMIKI TEB SA and changed its name to Ellaktor S.A. in 2008. Ellaktor S.A. is headquartered in Athens, Greece. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/22 22:09
End of Day Share Price2020/02/21 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.