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Ellaktor

DB:HLL
Snowflake Description

Mediocre balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HLL
DB
€321M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Ellaktor S.A., through its subsidiaries, engages in construction and quarrying, real estate development and management, wind power, environment, and concession businesses. The last earnings update was 56 days ago. More info.


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HLL Share Price and Events
7 Day Returns
-3.5%
DB:HLL
-0.2%
DE Construction
0.7%
DE Market
1 Year Returns
-6.6%
DB:HLL
-28.2%
DE Construction
-8.7%
DE Market
HLL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ellaktor (HLL) -3.5% 25.5% 19.7% -6.6% 29.1% -55%
DE Construction -0.2% -4.5% -21.9% -28.2% -1.8% 66.7%
DE Market 0.7% -1.2% 0.2% -8.7% 10% 8.1%
1 Year Return vs Industry and Market
  • HLL outperformed the Construction industry which returned -28.2% over the past year.
  • HLL outperformed the Market in Germany which returned -8.7% over the past year.

HLL Value

 Is Ellaktor undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Ellaktor to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ellaktor.

DB:HLL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 30.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:HLL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 15%
Construction Unlevered Beta Simply Wall St/ S&P Global 1.01
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.005 (1 + (1- 29%) (479.6%))
3.298
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 14.99%)
30.21%

Discounted Cash Flow Calculation for DB:HLL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ellaktor is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:HLL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 30.21%)
2019 68.25 Analyst x2 52.42
2020 187.25 Analyst x2 110.45
2021 125.00 Analyst x1 56.62
2022 141.00 Analyst x1 49.05
2023 152.92 Est @ 8.45% 40.86
2024 162.07 Est @ 5.99% 33.26
2025 168.98 Est @ 4.26% 26.63
2026 174.13 Est @ 3.05% 21.08
2027 177.97 Est @ 2.2% 16.54
2028 180.83 Est @ 1.61% 12.91
Present value of next 10 years cash flows €419.81
DB:HLL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €180.83 × (1 + 0.23%) ÷ (30.21% – 0.23%)
€604.56
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €604.56 ÷ (1 + 30.21%)10
€43.16
DB:HLL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €419.81 + €43.16
€462.97
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €462.97 / 172.43
€2.68
DB:HLL Discount to Share Price
Calculation Result
Value per share (EUR) From above. €2.69
Current discount Discount to share price of €1.87
= -1 x (€1.87 - €2.69) / €2.69
30.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Ellaktor is available for.
Intrinsic value
31%
Share price is €1.87 vs Future cash flow value of €2.69
Current Discount Checks
For Ellaktor to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ellaktor's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Ellaktor's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ellaktor's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ellaktor's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:HLL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €-0.72
ATSE:ELLAKTOR Share Price ** ATSE (2019-06-19) in EUR €1.86
Europe Construction Industry PE Ratio Median Figure of 94 Publicly-Listed Construction Companies 11.12x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.53x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ellaktor.

DB:HLL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ATSE:ELLAKTOR Share Price ÷ EPS (both in EUR)

= 1.86 ÷ -0.72

-2.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ellaktor is loss making, we can't compare its value to the Europe Construction industry average.
  • Ellaktor is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Ellaktor's expected growth come at a high price?
Raw Data
DB:HLL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
69.3%per year
Europe Construction Industry PEG Ratio Median Figure of 45 Publicly-Listed Construction Companies 1.24x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Ellaktor, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ellaktor's assets?
Raw Data
DB:HLL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €2.69
ATSE:ELLAKTOR Share Price * ATSE (2019-06-19) in EUR €1.86
Europe Construction Industry PB Ratio Median Figure of 131 Publicly-Listed Construction Companies 1.17x
Germany Market PB Ratio Median Figure of 575 Publicly-Listed Companies 1.78x
DB:HLL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ATSE:ELLAKTOR Share Price ÷ Book Value per Share (both in EUR)

= 1.86 ÷ 2.69

0.69x

* Primary Listing of Ellaktor.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ellaktor is good value based on assets compared to the Europe Construction industry average.
X
Value checks
We assess Ellaktor's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check)
  5. Ellaktor has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HLL Future Performance

 How is Ellaktor expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
69.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ellaktor expected to grow at an attractive rate?
  • Ellaktor's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Ellaktor's earnings growth is expected to exceed the Germany market average.
  • Ellaktor's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:HLL Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:HLL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 69.3%
DB:HLL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -5.4%
Europe Construction Industry Earnings Growth Rate Market Cap Weighted Average 12.9%
Europe Construction Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:HLL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:HLL Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,599 246 72 1
2021-12-31 1,526 218 66 1
2020-12-31 1,475 252 68 2
2019-12-31 1,666 171 50 2
DB:HLL Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,857 47 -125
2018-09-30 1,885 108 -120
2018-06-30 1,858 136 -76
2018-03-31 1,862 137 -59
2017-12-31 1,866 138 -41
2017-09-30 1,910 91 -92
2017-06-30 2,025 137 -102
2017-03-31 1,984 148 -112
2016-12-31 1,942 160 -122
2016-09-30 1,830 200 -120
2016-06-30 1,638 106 -100
2016-03-31 1,579 125 -105

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ellaktor's earnings are expected to grow significantly at over 20% yearly.
  • Ellaktor's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:HLL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Ellaktor Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HLL Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.34 0.34 0.34 1.00
2021-12-31 0.31 0.31 0.31 1.00
2020-12-31 0.32 0.36 0.28 2.00
2019-12-31 0.25 0.27 0.22 2.00
DB:HLL Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 -0.72
2018-09-30 -0.70
2018-06-30 -0.44
2018-03-31 -0.34
2017-12-31 -0.24
2017-09-30 -0.53
2017-06-30 -0.59
2017-03-31 -0.65
2016-12-31 -0.71
2016-09-30 -0.70
2016-06-30 -0.58
2016-03-31 -0.61

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Ellaktor is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Ellaktor's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ellaktor has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HLL Past Performance

  How has Ellaktor performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ellaktor's growth in the last year to its industry (Construction).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ellaktor does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Ellaktor's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Ellaktor's 1-year growth to the Europe Construction industry average as it is not currently profitable.
Earnings and Revenue History
Ellaktor's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ellaktor Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HLL Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,857.29 -124.58 77.28
2018-09-30 1,884.55 -119.95 76.11
2018-06-30 1,858.35 -75.99 72.62
2018-03-31 1,862.05 -58.58 70.70
2017-12-31 1,865.75 -41.17 68.79
2017-09-30 1,910.27 -91.97 58.92
2017-06-30 2,024.65 -101.90 56.86
2017-03-31 1,983.53 -111.90 54.93
2016-12-31 1,942.41 -121.90 53.00
2016-09-30 1,830.48 -119.87 57.16
2016-06-30 1,637.78 -100.01 57.46
2016-03-31 1,578.90 -104.77 60.09
2015-12-31 1,533.08 -106.07 57.98
2015-09-30 1,561.53 -84.95 59.94
2015-06-30 1,636.93 -53.70 59.97
2015-03-31 1,629.91 -70.06 58.47
2014-12-31 1,544.50 -51.62 61.92
2014-09-30 1,437.90 -60.70 60.79
2014-06-30 1,319.77 -64.26 59.77
2014-03-31 1,274.26 -29.03 60.41
2013-12-31 1,241.37 -47.97 56.80
2013-09-30 1,246.87 -13.74 58.11
2013-06-30 1,208.31 -16.41 60.43
2013-03-31 1,211.79 -7.70 62.40
2012-12-31 1,232.82 11.91 64.26
2012-09-30 1,106.63 118.13 69.01
2012-06-30 1,106.55 106.82 71.23

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Ellaktor has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Ellaktor has efficiently used its assets last year compared to the Europe Construction industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Ellaktor improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Ellaktor's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ellaktor has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HLL Health

 How is Ellaktor's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ellaktor's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ellaktor is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ellaktor's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Ellaktor's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ellaktor Company Filings, last reported 5 months ago.

DB:HLL Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 652.02 1,539.84 504.86
2018-09-30 726.82 1,416.68 401.09
2018-06-30 795.15 1,415.74 441.36
2018-03-31 795.15 1,415.74 441.36
2017-12-31 860.19 1,518.56 517.60
2017-09-30
2017-06-30 881.48 1,576.21 485.20
2017-03-31 881.48 1,576.21 485.20
2016-12-31 892.42 1,582.76 538.65
2016-09-30 892.42 1,582.76 538.65
2016-06-30 985.11 1,621.93 507.87
2016-03-31 985.11 1,621.93 507.87
2015-12-31 1,031.23 1,647.81 563.98
2015-09-30 1,073.79 1,631.47 420.93
2015-06-30 1,092.47 1,640.67 480.66
2015-03-31 1,098.76 1,660.69 474.02
2014-12-31 1,116.23 1,725.54 681.92
2014-09-30 1,167.73 1,737.12 733.80
2014-06-30 1,129.01 1,717.26 706.87
2014-03-31 1,132.59 1,733.16 710.08
2013-12-31 1,150.38 1,758.56 847.91
2013-09-30 1,174.39 1,885.71 954.80
2013-06-30 1,195.81 1,877.83 722.88
2013-03-31 1,232.85 1,906.97 643.64
2012-12-31 1,253.71 1,904.33 840.40
2012-09-30 1,253.46 1,950.57 931.15
2012-06-30 1,253.45 1,985.02 930.38
  • Ellaktor's level of debt (236.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (152.9% vs 236.2% today).
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.

  • Ellaktor has sufficient cash runway for more than 3 years based on current free cash flow.
  • Ellaktor has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -11% each year.
X
Financial health checks
We assess Ellaktor's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ellaktor has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HLL Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Ellaktor dividends. Estimated to be 1.07% next year.
If you bought €2,000 of Ellaktor shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Ellaktor's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Ellaktor's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:HLL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Construction Industry Average Dividend Yield Market Cap Weighted Average of 74 Stocks 3.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:HLL Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 0.04 1.00
2019-12-31 0.00 1.00
DB:HLL Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2012-11-29 0.000 0.000
2012-09-03 0.000 0.000
2012-06-01 0.000 0.000
2012-03-29 0.000 0.000
2011-03-30 0.030 1.873
2011-03-28 0.030 0.895
2010-03-01 0.100 2.961
2010-01-15 0.100 2.267

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Ellaktor has not reported any payouts.
  • Unable to verify if Ellaktor's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Ellaktor's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Ellaktor has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (7.8x coverage).
X
Income/ dividend checks
We assess Ellaktor's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ellaktor afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ellaktor has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HLL Management

 What is the CEO of Ellaktor's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Anastasios Kallitsantsis
AGE 65
TENURE AS CEO 0.9 years
CEO Bio

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 january 2019 and served as its Chief Executive Officer, Managing Director, General Manager and Chairman of the Board of Directors of EL.TECH. ANEMOS S.A. Mr. Kallitsantsis serves as the Managing Director and Executive Member of Reds S.A. He has been Managing Director of Elliniki Technodomiki A.E. since 1980. He was Chairman of Ellaktor S.A. (formerly, Elliniki Technodomiki TEB) from 2006 to June 2018. He is Executive Director of Ellaktor S.A. since June 2018. He is Managing Director of Ellaktor S.A. since July 2018. He served as Chief Executive Officer of Reds S.A. He served as General Manager of Elliniki Technodomiki AE since 1979. He served as Vice-President of Elpedison Power SA. He served as Vice-president of the Business and Industry Association since 2008. He served as the Managing Director/Chief Executive Officer of ELLAKTOR S.A. (alternate name: Hellenic Technodomiki Tev SA) from 1998 to 2005. He is the Founder and an active member of several companies in the construction sector, while undertaking the responsibility for the implementation of various projects both private and public. He served as a Director of Helector S.A. He has been a Director of Elliniki Technodomiki AE since 1979. He served as a Director of Aktor SA. Mr. Kallitsantsis holds Degree in Civil engineering from National Technical University of Athens (Metsovio Polytechnic) in 1976.

CEO Compensation
  • Insufficient data for Anastasios to compare compensation growth.
  • Insufficient data for Anastasios to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Anastasios Kallitsantsis

TITLE
MD & Executive Director
AGE
65
TENURE
0.9 yrs

Manos Christeas

TITLE
Chief Financial Officer

Evangelos Panopoulos

TITLE
Head of Accounting Department

Pitoskas Stergios

TITLE
Head of Investors Relations

Alexandros Spiliotopoulos

TITLE
Financial Consultant

Mountzia Maria - Athina

TITLE
Head of Strategic Planning

Antony Hadjioannou

TITLE
Deputy Chief Financial Officer

Neroutsos Konstantinos

TITLE
Executive Officer of design Development and Maintenance

Megalokonomos Konstantinos

TITLE
Executive Officer of Financial Department

Kokotsis Ioannis

TITLE
Executive Officer of Investments Programmes
Board of Directors Tenure

Average tenure and age of the Ellaktor board of directors in years:

0.9
Average Tenure
59
Average Age
  • The average tenure for the Ellaktor board of directors is less than 3 years, this suggests a new board.
Board of Directors

George Provopoulos

TITLE
Chairman & Lead Independent Director
AGE
67
TENURE
0.9 yrs

Anastasios Kallitsantsis

TITLE
MD & Executive Director
AGE
65

Dimitrios Kalitsantsis

TITLE
Vice Chairman
AGE
66
TENURE
0.9 yrs

Iordanis Aivazis

TITLE
Non-Executive Director
AGE
68
TENURE
0.9 yrs

Takis Doumanoglou

TITLE
Non Executive Director
AGE
54
TENURE
0.9 yrs

Michail Katounas

TITLE
Independent Non Executive Director
AGE
43
TENURE
0.9 yrs

Alexios Komninos

TITLE
Independent Non Executive Director
AGE
53
TENURE
0.9 yrs

Diana Markaki

TITLE
Independent Non Executive Director
AGE
36
TENURE
0.9 yrs

Eleni Papakonstantinou

TITLE
Independent Non Executive Director
AGE
59
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
18. Jul 18 Buy Leonidas Bobolas Individual 18. Jul 18 18. Jul 18 200,000 €2.09 €418,000
18. Jul 18 Buy Anastasios Kallitsantsis Individual 18. Jul 18 18. Jul 18 720,000 €2.08 €1,497,600
18. Jul 18 Buy Dimitrios Koutras Individual 18. Jul 18 18. Jul 18 500,000 €2.10 €1,050,000
13. Jul 18 Buy Leonidas Bobolas Individual 13. Jul 18 13. Jul 18 100,000 €2.04 €204,000
17. Jul 18 Buy Anastasios Kallitsantsis Individual 17. Jul 18 17. Jul 18 350,000 €2.05 €717,500
16. Jul 18 Buy Anastasios Kallitsantsis Individual 16. Jul 18 16. Jul 18 7,530,000 €2.15 €16,189,502
11. Jul 18 Buy Anastasios Kallitsantsis Individual 11. Jul 18 11. Jul 18 110,270 €2.01 €221,643
10. Jul 18 Buy Anastasios Kallitsantsis Individual 10. Jul 18 10. Jul 18 37,347 €2.01 €75,067
09. Jul 18 Sell Anastasios Kallitsantsis Individual 09. Jul 18 09. Jul 18 -1,555,668 €2.02 €-3,142,449
09. Jul 18 Buy Anastasios Kallitsantsis Individual 09. Jul 18 09. Jul 18 55,089 €2.04 €112,382
06. Jul 18 Buy Anastasios Kallitsantsis Individual 06. Jul 18 06. Jul 18 79,195 €2.00 €158,390
04. Jul 18 Buy Anastasios Kallitsantsis Individual 04. Jul 18 04. Jul 18 30,954 €1.94 €60,051
03. Jul 18 Buy Anastasios Kallitsantsis Individual 03. Jul 18 03. Jul 18 22,604 €1.91 €43,174
02. Jul 18 Buy Anastasios Kallitsantsis Individual 02. Jul 18 02. Jul 18 24,500 €1.95 €47,775
28. Jun 18 Sell Dimitrios Kalitsantsis Individual 28. Jun 18 28. Jun 18 -2,249,067 €2.07 €-4,655,568
28. Jun 18 Sell Anastasios Kallitsantsis Individual 28. Jun 18 28. Jun 18 -5,450,933 €2.07 €-11,283,429
28. Jun 18 Buy Anastasios Kallitsantsis Individual 28. Jun 18 28. Jun 18 9,850,000 €2.14 €21,078,998
27. Jun 18 Buy Anastasios Kallitsantsis Individual 27. Jun 18 27. Jun 18 1,890 €1.88 €3,553
20. Jun 18 Buy Dimitrios Kalitsantsis Individual 20. Jun 18 20. Jun 18 1,758,924 €2.12 €3,728,919
20. Jun 18 Buy Anastasios Kallitsantsis Individual 20. Jun 18 20. Jun 18 1,758,924 €2.12 €3,728,919
X
Management checks
We assess Ellaktor's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ellaktor has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HLL News

Simply Wall St News

HLL Company Info

Description

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.

Details
Name: Ellaktor S.A.
HLL
Exchange: DB
Founded:
€321,067,041
172,431,279
Website: http://www.ellaktor.gr
Address: Ellaktor S.A.
25 Ermou Street,
Athens - Lamia National Road,
Athens,
145 64,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ATSE ELLAKTOR Common Shares The Athens Stock Exchange GR EUR 19. Oct 1994
OTCPK ELLK.F Common Shares Pink Sheets LLC US USD 19. Oct 1994
DB HLL Common Shares Deutsche Boerse AG DE EUR 19. Oct 1994
OTCPK ELLK.Y ADR Pink Sheets LLC US USD 11. Feb 2009
Number of employees
Current staff
Staff numbers
5,906
Ellaktor employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 21:23
End of day share price update: 2019/06/19 00:00
Last estimates confirmation: 2019/04/26
Last earnings filing: 2019/04/24
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.