Recent Insider Transactions • Jul 28
Executive Chairman of the Board recently sold €8.1m worth of stock On the 24th of July, Athanasios Sipsas sold around 2m shares on-market at roughly €5.00 per share. This transaction amounted to 46% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Athanasios' only on-market trade for the last 12 months. Announcement • May 31
Ekter SA announces Annual dividend, payable on June 12, 2026 Ekter SA announced Annual dividend of EUR 0.0800 per share payable on June 12, 2026, ex-date on June 08, 2026 and record date on June 09, 2026. Announcement • Apr 27
Ekter SA, Annual General Meeting, May 29, 2026 Ekter SA, Annual General Meeting, May 29, 2026. Announcement • Apr 25
Ekter SA to Report First Half, 2026 Results on Sep 29, 2026 Ekter SA announced that they will report first half, 2026 results on Sep 29, 2026 Announcement • Apr 24
Ekter SA to Report Fiscal Year 2025 Results on Apr 23, 2026 Ekter SA announced that they will report fiscal year 2025 results at 10:00 AM, GTB Standard Time on Apr 23, 2026 Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €3.35, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 76x in the Construction industry in Greece. Total returns to shareholders of 414% over the past three years. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €3.70, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 70x in the Construction industry in Greece. Total returns to shareholders of 517% over the past three years. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €3.18, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 54x in the Construction industry in Greece. Total returns to shareholders of 366% over the past three years. Reported Earnings • Oct 05
First half 2025 earnings released: EPS: €0.17 (vs €0.23 in 1H 2024) First half 2025 results: EPS: €0.17 (down from €0.23 in 1H 2024). Revenue: €41.9m (up 18% from 1H 2024). Net income: €4.51m (down 13% from 1H 2024). Profit margin: 11% (down from 15% in 1H 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 52% per year whereas the company’s share price has increased by 54% per year. Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.53, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 60x in the Construction industry in Greece. Total returns to shareholders of 311% over the past three years. Announcement • Sep 27
Ekter SA to Report First Half, 2025 Results on Sep 30, 2025 Ekter SA announced that they will report first half, 2025 results on Sep 30, 2025 Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €2.50, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 57x in the Construction industry in Greece. Total returns to shareholders of 367% over the past three years. Declared Dividend • Jul 09
Dividend of €0.065 announced Shareholders will receive a dividend of €0.065. Ex-date: 14th July 2025 Payment date: 18th July 2025 Dividend yield will be 3.0%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (15% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 71% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • May 16
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 37% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (37% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.2% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (€57.1m market cap, or US$63.9m). Reported Earnings • May 16
Full year 2024 earnings released Full year 2024 results: Revenue: €86.2m (up 9.1% from FY 2023). Net income: €10.3m (up 15% from FY 2023). Profit margin: 12% (in line with FY 2023). Announcement • Apr 29
Ekter SA, Annual General Meeting, Jul 04, 2025 Ekter SA, Annual General Meeting, Jul 04, 2025. New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.8% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (€49.7m market cap, or US$56.6m). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €1.63, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 11x in the Construction industry in Greece. Total returns to shareholders of 220% over the past three years. New Risk • Feb 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.8% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (€55.6m market cap, or US$57.5m). Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €2.07, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 11x in the Construction industry in Greece. Total returns to shareholders of 271% over the past three years. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €1.85, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 9x in the Construction industry in Greece. Total returns to shareholders of 227% over the past three years. New Risk • Nov 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Greek stocks, typically moving 5.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (5.5% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€32.5m market cap, or US$33.9m). Reported Earnings • Oct 06
First half 2024 earnings released: EPS: €0.23 (vs €0.23 in 1H 2023) First half 2024 results: EPS: €0.23 (in line with 1H 2023). Revenue: €35.4m (down 1.3% from 1H 2023). Net income: €5.20m (flat on 1H 2023). Profit margin: 15% (in line with 1H 2023). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. New Risk • Aug 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Greek stocks, typically moving 6.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (6.5% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€40.5m market cap, or US$44.4m). Announcement • Jun 27
Ekter SA(ATSE:EKTER) dropped from ATHEX Composite Index Ekter SA has been dropped from ATHEX Composite Index. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €4.59, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 11x in the Construction industry in Greece. Total returns to shareholders of 298% over the past three years. New Risk • Jun 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Greek stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Market cap is less than US$100m (€47.9m market cap, or US$51.6m). Announcement • Apr 25
Ekter SA to Report Q4, 2023 Results on Apr 24, 2024 Ekter SA announced that they will report Q4, 2023 results on Apr 24, 2024 New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (€45.0m market cap, or US$47.9m). Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €4.11, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 22x in the Construction industry in Greece. Total returns to shareholders of 371% over the past three years. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €2.76, the stock trades at a trailing P/E ratio of 54.4x. Average trailing P/E is 22x in the Construction industry in Greece. Total returns to shareholders of 279% over the past three years. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €2.29, the stock trades at a trailing P/E ratio of 45.1x. Average trailing P/E is 17x in the Construction industry in Greece. Total returns to shareholders of 204% over the past three years. New Risk • Aug 24
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.5% net profit margin). Market cap is less than US$100m (€33.4m market cap, or US$36.3m). Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to €3.06, the stock trades at a trailing P/E ratio of 60.3x. Average trailing P/E is 20x in the Construction industry in Greece. Total returns to shareholders of 334% over the past three years. New Risk • Jul 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 96% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.1% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.5% net profit margin). Market cap is less than US$100m (€24.1m market cap, or US$26.8m). Reported Earnings • Jul 18
Full year 2022 earnings released: EPS: €0.051 (vs €0.082 in FY 2021) Full year 2022 results: EPS: €0.051 (down from €0.082 in FY 2021). Revenue: €23.2m (up 10% from FY 2021). Net income: €568.8k (down 39% from FY 2021). Profit margin: 2.5% (down from 4.4% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Announcement • Jul 01
Ekter SA, Annual General Meeting, Jul 28, 2023 Ekter SA, Annual General Meeting, Jul 28, 2023. Announcement • Jun 22
Ekter SA(ATSE:EKTER) dropped from ATHEX Composite Index Ekter SA has been dropped from ATHEX Composite Index . Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €1.65, the stock trades at a trailing P/E ratio of 54.3x. Average trailing P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 117% over the past three years. Board Change • Nov 30
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Georgios Pliatsikas was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 04
First half 2022 earnings released: EPS: €0.015 (vs €0.067 in 1H 2021) First half 2022 results: EPS: €0.015 (down from €0.067 in 1H 2021). Revenue: €6.89m (down 30% from 1H 2021). Net income: €163.6k (down 78% from 1H 2021). Profit margin: 2.4% (down from 7.6% in 1H 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 25
Upcoming dividend of €0.041 per share Eligible shareholders must have bought the stock before 01 August 2022. Payment date: 05 August 2022. The company last paid an ordinary dividend in March 2016. The average dividend yield among industry peers is 4.1%. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improved over the past week After last week's 18% share price gain to €1.13, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 11x in the Construction industry in Europe. Total loss to shareholders of 32% over the past three years. Buying Opportunity • May 04
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be €1.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Mar 08
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be €1.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% per annum over the last 3 years. The company has become profitable over the last year. Is New 90 Day High Low • Nov 26
New 90-day high: €0.88 The company is up 8.0% from its price of €0.81 on 28 August 2020. The Greek market is also up 8.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Construction industry, which is up 18% over the same period. Is New 90 Day High Low • Oct 26
New 90-day low: €0.66 The company is down 4.0% from its price of €0.69 on 28 July 2020. The Greek market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 18% over the same period. Reported Earnings • Oct 06
First half earnings released Over the last 12 months the company has reported total losses of €2.10m, with losses widening by €1.85m from the prior year. Total revenue was €7.68m over the last 12 months, down 73% from the prior year.