ATSE:FRIGO

Stock Analysis Report

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

Fundamentals

Slightly overvalued with questionable track record.


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


Market Performance


7 Day Return

4.8%

FRIGO

2.7%

GR Machinery

2.7%

GR Market


1 Year Return

33.3%

FRIGO

-1.5%

GR Machinery

28.4%

GR Market

Return vs Industry: FRIGO exceeded the Greek Machinery industry which returned -1.5% over the past year.

Return vs Market: FRIGO exceeded the Greek Market which returned 28.4% over the past year.


Shareholder returns

FRIGOIndustryMarket
7 Day4.8%2.7%2.7%
30 Day10.0%-2.9%0.9%
90 Day29.4%-1.2%1.3%
1 Year33.3%33.3%1.8%-1.5%32.5%28.4%
3 Year-57.1%-57.1%21.6%9.2%56.7%42.9%
5 Year-97.2%-97.2%56.9%32.8%-77.5%-78.1%

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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: FRIGO (€0.22) is trading below our estimate of fair value (€0.49)

Significantly Undervalued: FRIGO is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FRIGO is poor value based on its PE Ratio (27.7x) compared to the Machinery industry average (15.8x).

PE vs Market: FRIGO is poor value based on its PE Ratio (27.7x) compared to the Greek market (16.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FRIGO has negative assets, so we can't compare its PB Ratio to the XE Machinery industry average.


Next Steps

Future Growth

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

9.4%

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

Past Performance

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

43.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FRIGO has become profitable over the past 5 years, growing earnings by 43.5% per year.

Accelerating Growth: FRIGO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FRIGO had negative earnings growth (-95.3%) over the past year, making it difficult to compare to the Machinery industry average (4.3%).


Return on Equity

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


Return on Assets

ROA vs Industry: FRIGO's Return on Assets is below or equal to the Machinery industry average last year.


Return on Capital Employed

ROCE Improving: FRIGO has significantly improved its Return on Capital Employed over the past 3 years.


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.

Debt Coverage: FRIGO's debt is not well covered by operating cash flow (18.2%).

Interest Coverage: FRIGO's interest payments on its debt are well covered by EBIT (3.4x coverage).


Balance Sheet

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

Debt Coverage by Assets: FRIGO has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%1.9%markettop25%3.6%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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

4.3yrs

Average management tenure


CEO

Nikos Mamoulis 0

4.3yrs

Tenure

0

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 ...


Management Age and Tenure

4.3yrs

Average Tenure

Experienced Management: FRIGO's management team is considered experienced (4.3 years average tenure).


Board Age and Tenure

4.2yrs

Average Tenure

67.5yo

Average Age

Experienced Board: FRIGO's board of directors are considered experienced (4.2 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Loukas Komis

    Secretary & Non-Executive Director

    • Tenure: 23.3yrs
  • Vasileios Stergiou

    Head of Finance

    • Tenure: 0yrs
  • Nikos Mamoulis

    CEO, MD & Executive Director

    • Tenure: 4.3yrs
  • Manolis Souliotis

    Group Human Resources Director

    • Tenure: 5.3yrs
  • Ioannis Stamatakos

    Investor Relations Manager

    • Tenure: 0yrs
  • Charalampos Goritsas

    Group Chief Financial Officer

    • Tenure: 1.2yrs

Board Members

  • Harry David

    Non-Executive Chairman

    • Tenure: 12.9yrs
  • Iordanis Aivazis (69yo)

    Independent Non-Executive Director

    • Tenure: 1.8yrs
  • Loukas Komis

    Secretary & Non-Executive Director

    • Tenure: 23.3yrs
  • Stephen Bentley (66yo)

    Independent Non-Executive Director

    • Tenure: 1.8yrs
  • Jeremy Michael Jorgen Jensen (60yo)

    Independent Non-Executive Director

    • Tenure: 1.8yrs
  • George-Pavlos Leventis

    Vice Chairman

    • Tenure: 1.8yrs
  • Evangelos Kalousis (76yo)

    Independent Non-Executive Director

    • Tenure: 13.3yrs
  • John Costopoulos

    Independent Non-Executive Director

    • Tenure: 4.6yrs
  • Nikos Mamoulis

    CEO, MD & Executive Director

    • Tenure: 4.3yrs

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: €78.196m
  • 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

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 Analysis2019/10/17 20:35
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
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.