Athena Investments A/S develops, constructs, and operates renewable energy projects in Italy.
Flawless balance sheet and fair value.
Share Price & News
How has Athena Investments's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ATHENA has not had significant price volatility in the past 3 months.
7 Day Return
DK Renewable Energy
1 Year Return
DK Renewable Energy
Return vs Industry: ATHENA underperformed the Danish Renewable Energy industry which returned 28.4% over the past year.
Return vs Market: ATHENA underperformed the Danish Market which returned 28% over the past year.
Price Volatility Vs. Market
How volatile is Athena Investments's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StIf You Had Bought Athena Investments (CPH:ATHENA) Shares Five Years Ago You'd Have A Total Return Of 21%
4 months ago | Simply Wall StIf You Had Bought Athena Investments (CPH:ATHENA) Shares Five Years Ago You'd Have A Total Return Of 56%
6 months ago | Simply Wall StHere's Why Athena Investments (CPH:ATHENA) Has A Meaningful Debt Burden
Is Athena Investments undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ATHENA (DKK3.32) is trading below our estimate of fair value (DKK11.24)
Significantly Below Fair Value: ATHENA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ATHENA is unprofitable, so we can't compare its PE Ratio to the XE Renewable Energy industry average.
PE vs Market: ATHENA is unprofitable, so we can't compare its PE Ratio to the Danish market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ATHENA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ATHENA is good value based on its PB Ratio (0.6x) compared to the XE Renewable Energy industry average (1.7x).
How is Athena Investments forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Utilities 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 Athena Investments 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.
- Examine whether Athena Investments 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.
- Athena Investments competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Utilities industry.
How has Athena Investments performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ATHENA is currently unprofitable.
Growing Profit Margin: ATHENA is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ATHENA is unprofitable, and losses have increased over the past 5 years at a rate of 6.5% per year.
Accelerating Growth: Unable to compare ATHENA's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ATHENA is unprofitable, making it difficult to compare its past year earnings growth to the Renewable Energy industry (37.4%).
Return on Equity
High ROE: ATHENA has a negative Return on Equity (-13.32%), as it is currently unprofitable.
How is Athena Investments's financial position?
Financial Position Analysis
Short Term Liabilities: ATHENA's short term assets (€112.4M) exceed its short term liabilities (€54.8M).
Long Term Liabilities: ATHENA's short term assets (€112.4M) exceed its long term liabilities (€422.0K).
Debt to Equity History and Analysis
Debt Level: ATHENA is debt free.
Reducing Debt: ATHENA has no debt compared to 5 years ago when its debt to equity ratio was 115.5%.
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 ATHENA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ATHENA is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 14.7% per year.
What is Athena Investments's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ATHENA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ATHENA'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 ATHENA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ATHENA's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: ATHENA is not paying a notable dividend for the Danish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ATHENA's dividend in 3 years as they are not forecast to pay a notable one for the Danish market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Francesco Vittori (40 yo)
Mr. Francesco Vittori serves as Chief Executive Officer at Athena Investments A/S since July 31, 2020. He has been the Chief Financial Officer and Member of Management Board at Greentech Energy Systems A/S ...
|Independent Chairman||9.83yrs||no data||0.020% |
|Deputy Chairman||2.33yrs||€43.00k||no data|
|Independent Director||9.83yrs||no data||no data|
|Independent Director||9.83yrs||no data||no data|
|Independent Director||6.33yrs||no data||no data|
Experienced Board: ATHENA's board of directors are considered experienced (9.8 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Athena Investments A/S's company bio, employee growth, exchange listings and data sources
- Name: Athena Investments A/S
- Ticker: ATHENA
- Exchange: CPSE
- Founded: 1924
- Industry: Renewable Electricity
- Sector: Utilities
- Market Cap: ø337.553m
- Shares outstanding: 101.37m
- Website: https://www.athenainvestments.com
Number of Employees
- Athena Investments A/S
- Harbour House
- Sundkrogsgade 21
- Capital Region of Denmark
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ATHENA||CPSE (OMX Nordic Exchange Copenhagen)||Yes||Share Capital||DK||DKK||Feb 2007|
|G3E||DB (Deutsche Boerse AG)||Yes||Share Capital||DE||EUR||Feb 2007|
|0HFD||LSE (London Stock Exchange)||Yes||Share Capital||GB||DKK||Feb 2007|
Athena Investments A/S develops, constructs, and operates renewable energy projects in Italy. The company focuses on the wind and solar power technologies. As of December 31, 2019, it had a total net produ ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/04 21:54|
|End of Day Share Price||2020/08/04 00:00|
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.