ATSE:FRIGO

Stock Analysis Report

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Executive Summary

Frigoglass S.A.I.C., together with its subsidiaries, engages in the manufacturing, trading, and distribution of commercial refrigeration units and packaging materials for the beverage industry.


Snowflake Analysis

Weak fundamentals or lack of information.


Similar Companies

Share Price & News

How has FrigoglassI.C's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FRIGO's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.0%

FRIGO

3.3%

GR Machinery

0.4%

GR Market


1 Year Return

-47.6%

FRIGO

19.6%

GR Machinery

-16.2%

GR Market

Return vs Industry: FRIGO underperformed the Greek Machinery industry which returned 18.6% over the past year.

Return vs Market: FRIGO underperformed the Greek Market which returned -16.7% over the past year.


Shareholder returns

FRIGOIndustryMarket
7 Day1.0%3.3%0.4%
30 Day-2.9%4.2%1.2%
90 Day-11.6%22.5%7.0%
1 Year-47.6%-47.6%22.9%19.6%-12.7%-16.2%
3 Year-66.4%-66.4%11.7%0.4%-12.5%-20.1%
5 Year-98.4%-98.4%58.7%34.9%-24.6%-31.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is FrigoglassI.C undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether FrigoglassI.C is trading at an attractive price based on the cash flow it is expected to produce in the future. But as FrigoglassI.C has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of FRIGO's management and see if the CEO's compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don't know where to start, we recommend reading through FrigoglassI.C regulatory filings.
  • Explore potentially undervalued companies in the Capital Goods industry.

Future Growth

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

23.6%

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 FrigoglassI.C 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

  • Take a look at our analysis of FRIGO’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • FrigoglassI.C competitive advantages and company strategy can generally be found in its financial reports archived here.
  • Explore growth companies in the Capital Goods industry.

Past Performance

How has FrigoglassI.C performed over the past 5 years?

45.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FRIGO is currently unprofitable.

Growing Profit Margin: FRIGO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FRIGO is unprofitable, but has reduced losses over the past 5 years at a rate of 45.5% per year.

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

Earnings vs Industry: FRIGO is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (-21.9%).


Return on Equity

High ROE: FRIGO's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is FrigoglassI.C's financial position?


Financial Position Analysis

Short Term Liabilities: FRIGO has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: FRIGO has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: FRIGO has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: FRIGO's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


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: Insufficient data to determine if FRIGO has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if FRIGO has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is FrigoglassI.C current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate FRIGO'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 FRIGO's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: FRIGO is not paying a notable dividend for the Greek market.


Future Payout to Shareholders

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


Next Steps

Management

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

5.1yrs

Average management tenure


CEO

Nikos Mamoulis

5.08yrs

Tenure

Mr. Nikolaos Mamoulis, also known as Nikos, has been the Chief Executive Officer at Frigoglass SAIC since July 10, 2015 and serves as its Managing Director. Mr. Mamoulis served as the Chief Financial Offic ...


Leadership Team

NamePositionTenureCompensationOwnership
Nikolaos Mamoulis
CEO, MD & Executive Director5.08yrsno datano data
Charalampos Goritsas
Group Chief Financial Officer2yrsno datano data
Ioannis Stamatakos
Investor Relations Managerno datano datano data
Manolis Souliotis
Group Human Resources Director6.08yrsno datano data
Vasileios Stergiou
Head of Financial Controllingno datano datano data
Loukas Komis
Secretary & Non-Executive Director24.08yrsno datano data

5.1yrs

Average Tenure

Experienced Management: FRIGO's management team is seasoned and experienced (5.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Nikolaos Mamoulis
CEO, MD & Executive Director5.08yrsno datano data
Loukas Komis
Secretary & Non-Executive Director24.08yrsno datano data
Haralambos David
Non-Executive Chairman13.75yrsno datano data
Iordanis Aivazis
Independent Non-Executive Director2.67yrsno datano data
Stephen Bentley
Independent Non-Executive Director2.67yrsno datano data
Jeremy Michael Jorgen Jensen
Independent Non-Executive Director2.67yrsno datano data
George-Pavlos Leventis
Vice Chairman2.67yrsno datano data
Evangelos Kalousis
Independent Non-Executive Director14.17yrsno datano data
Ioannis Costopoulos
Independent Non-Executive Director5.42yrsno datano data

5.0yrs

Average Tenure

68.5yo

Average Age

Experienced Board: FRIGO's board of directors are considered experienced (5 years average tenure).


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.


Top Shareholders

Company Information

Frigoglass S.A.I.C.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Frigoglass S.A.I.C.
  • Ticker: FRIGO
  • Exchange: ATSE
  • Founded: 1996
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: €35.188m
  • Shares outstanding: 355.44m
  • Website: https://www.frigoglass.com

Number of Employees


Location

  • Frigoglass S.A.I.C.
  • 15, A. Metaxa Street
  • Kifissia
  • Athens
  • 145 64
  • Greece

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FP6NBST (Boerse-Stuttgart)YesOrdinary SharesDEEURDec 1999
FRIGOATSE (The Athens Stock Exchange)YesOrdinary SharesGREURDec 1999
0RTTLSE (London Stock Exchange)YesOrdinary SharesGBEURDec 1999

Biography

Frigoglass S.A.I.C., together with its subsidiaries, engages in the manufacturing, trading, and distribution of commercial refrigeration units and packaging materials for the beverage industry. The company ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/14 11:07
End of Day Share Price2020/08/13 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.