ATSE:GEKTERNA

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GEK TERNA Holdings Real Estate Construction

Executive Summary

GEK TERNA Holdings, Real Estate, Construction S.A., together with its subsidiaries, engages in the construction, energy, real estate, industrial, and concession businesses in Greece, the Balkans, the Middle East, Eastern Europe, and North America.


Snowflake Analysis

Solid track record with worrying balance sheet.

Share Price & News

How has GEK TERNA Holdings Real Estate Construction's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GEKTERNA has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

7.7%

GEKTERNA

6.4%

GR Construction

2.8%

GR Market


1 Year Return

13.5%

GEKTERNA

-16.3%

GR Construction

-22.9%

GR Market

Return vs Industry: GEKTERNA exceeded the Greek Construction industry which returned -16.3% over the past year.

Return vs Market: GEKTERNA exceeded the Greek Market which returned -22.9% over the past year.


Shareholder returns

GEKTERNAIndustryMarket
7 Day7.7%6.4%2.8%
30 Day-5.0%-1.8%-0.8%
90 Day17.5%44.4%18.4%
1 Year13.5%13.5%-14.4%-16.3%-20.5%-22.9%
3 Year58.7%58.7%11.1%0.4%-12.3%-19.3%
5 Year260.9%260.9%46.1%30.7%-67.6%-68.9%

Price Volatility Vs. Market

How volatile is GEK TERNA Holdings Real Estate Construction's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is GEK TERNA Holdings Real Estate Construction undervalued compared to its fair value and its price relative to the market?

26.99x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GEKTERNA (€6.46) is trading above our estimate of fair value (€2.37)

Significantly Below Fair Value: GEKTERNA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GEKTERNA is poor value based on its PE Ratio (27x) compared to the Construction industry average (11.6x).

PE vs Market: GEKTERNA is poor value based on its PE Ratio (27x) compared to the Greek market (14.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: GEKTERNA is overvalued based on its PB Ratio (1.3x) compared to the GR Construction industry average (0.5x).


Next Steps

Future Growth

How is GEK TERNA Holdings Real Estate Construction forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

2.5%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if GEKTERNA's forecast earnings growth is above the savings rate (5.7%).

Earnings vs Market: Insufficient data to determine if GEKTERNA's earnings are forecast to grow faster than the Greek market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GEKTERNA's revenue (2.5% per year) is forecast to grow slower than the Greek market (3.8% per year).

High Growth Revenue: GEKTERNA's revenue (2.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if GEKTERNA's Return on Equity is forecast to be high in 3 years time


Next Steps

  • Explore growth companies in the Capital Goods industry.

Past Performance

How has GEK TERNA Holdings Real Estate Construction performed over the past 5 years?

47.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GEKTERNA has high quality earnings.

Growing Profit Margin: GEKTERNA's current net profit margins (2%) are higher than last year (0.3%).


Past Earnings Growth Analysis

Earnings Trend: GEKTERNA has become profitable over the past 5 years, growing earnings by 47.2% per year.

Accelerating Growth: GEKTERNA's earnings growth over the past year (425.2%) exceeds its 5-year average (47.2% per year).

Earnings vs Industry: GEKTERNA earnings growth over the past year (425.2%) exceeded the Construction industry 7.9%.


Return on Equity

High ROE: GEKTERNA's Return on Equity (7.3%) is considered low.


Next Steps

Financial Health

How is GEK TERNA Holdings Real Estate Construction's financial position?


Financial Position Analysis

Short Term Liabilities: GEKTERNA's short term assets (€1.3B) exceed its short term liabilities (€898.5M).

Long Term Liabilities: GEKTERNA's short term assets (€1.3B) do not cover its long term liabilities (€2.6B).


Debt to Equity History and Analysis

Debt Level: GEKTERNA's debt to equity ratio (264%) is considered high.

Reducing Debt: GEKTERNA's debt to equity ratio has increased from 124.5% to 264% over the past 5 years.

Debt Coverage: GEKTERNA's debt is not well covered by operating cash flow (11.8%).

Interest Coverage: GEKTERNA's interest payments on its debt are not well covered by EBIT (2x coverage).


Balance Sheet


Next Steps

Dividend

What is GEK TERNA Holdings Real Estate Construction current dividend yield, its reliability and sustainability?

2.48%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GEKTERNA'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?

6.7yrs

Average board tenure


CEO

George Peristeris (63yo)

no data

Tenure

Mr. Georgios Peristeris, also known as George, serves as Chairman of the Board at GEK TERNA Holdings, Real Estate, Construction S.A. since 2018. Mr. Peristeris joined GEK TERNA Holdings, Real Estate, Const ...


Board Members

NamePositionTenureCompensationOwnership
Goergios Peristeris
CEO, MD & Chairmanno datano data17.06% 106.8m
Michail Gourzis
Executive Vice Chairmanno datano datano data
Aggelos Benopoulos
Executive Vice Chairman9.08yrsno datano data
Konstantinos Vavaletskos
Executive Vice Chairman2.5yrsno datano data
Dimitrios Antonakos
Executive Director9.08yrsno datano data
Emmanuel Vrailas
Executive Director9.08yrsno datano data
Emmanuel Moustakas
Executive Director9.08yrsno datano data
Penelope Lazaridou
Executive Directorno datano datano data
Georgios Perdikaris
Non-Executive Director4.25yrsno datano data
Apostolos Tamvakakis
Independent Vice Chairman3yrs€90.00kno data

6.7yrs

Average Tenure

63.5yo

Average Age

Experienced Board: GEKTERNA's board of directors are considered experienced (6.7 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

GEK TERNA Holdings, Real Estate, Construction S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: GEK TERNA Holdings, Real Estate, Construction S.A.
  • Ticker: GEKTERNA
  • Exchange: ATSE
  • Founded: 1960
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: €626.033m
  • Shares outstanding: 96.91m
  • Website: https://www.gekterna.com

Number of Employees


Location

  • GEK TERNA Holdings, Real Estate, Construction S.A.
  • 85, Mesogeion Avenue
  • Athens
  • 115 26
  • Greece

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GEKTERNAATSE (The Athens Stock Exchange)YesCommon SharesGREURJul 1993
0JT4LSE (London Stock Exchange)YesCommon SharesGBEURJul 1993
1GTDB (Deutsche Boerse AG)YesCommon SharesDEEURJul 1993
GKTR.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJul 1993

Biography

GEK TERNA Holdings, Real Estate, Construction S.A., together with its subsidiaries, engages in the construction, energy, real estate, industrial, and concession businesses in Greece, the Balkans, the Middle East, Eastern Europe, and North America. It is involved in the construction of railway and highway networks, office buildings, hospitals, museums, resorts, hydro-electric plants, dams, harbors, industrial facilities, power plants, etc. for public and private sectors; and the financing, management, and commercial exploitation of concession projects, such as management and operation of car parking. The company also produces electricity through wind, solar, hydropower, and biomass with an installed capacity of 1,386.5 megawatts. In addition, it engages in the acquisition, investment, development, and exploitation of real estate properties, including business and logistic centers, industrial and entertainment parks, residential and commercial properties, hotels, parking stations, etc. Further, the company is involved in the production of quarry products; extraction and processing of magnesite products; and the operation of Borovets Euphoria Club Hotel & Spa in Bulgaria. It also owns two thermal power plants with a total installed capacity of 147 MW and 435 MW in Viotia, Greece; and undertakes waste management projects. The company was formerly known as Ermis Real Estate Constructions Enterprises S.A. and changed its name to GEK TERNA Holdings, Real Estate, Construction S.A. in 2008. GEK TERNA Holdings, Real Estate, Construction S.A. was founded in 1960 and is headquartered in Athens, Greece. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/05 20:50
End of Day Share Price2020/07/03 00:00
Earnings2019/12/31
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.