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MEVA

Mevaco ATSE:MEVA Stock Report

Last Price

€2.34

Market Cap

€24.6m

7D

-4.9%

1Y

18.8%

Updated

07 Aug, 2022

Data

Company Financials
MEVA fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends0/6

MEVA Stock Overview

Mevaco S.A. engages in the metal fabrication and construction works in Greece.

Mevaco Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Mevaco
Historical stock prices
Current Share Price€2.34
52 Week High€2.70
52 Week Low€1.89
Beta0.53
1 Month Change-9.30%
3 Month Change5.41%
1 Year Change18.78%
3 Year Change74.63%
5 Year Change112.73%
Change since IPO-43.27%

Recent News & Updates

Mar 09
Mevaco (ATH:MEVA) Is Looking To Continue Growing Its Returns On Capital

Mevaco (ATH:MEVA) Is Looking To Continue Growing Its Returns On Capital

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...

Shareholder Returns

MEVAGR MachineryGR Market
7D-4.9%-1.7%0.2%
1Y18.8%-25.5%-1.0%

Return vs Industry: MEVA exceeded the Greek Machinery industry which returned -25.5% over the past year.

Return vs Market: MEVA exceeded the Greek Market which returned -1% over the past year.

Price Volatility

Is MEVA's price volatile compared to industry and market?
MEVA volatility
MEVA Average Weekly Movement6.3%
Machinery Industry Average Movement5.7%
Market Average Movement4.9%
10% most volatile stocks in GR Market7.2%
10% least volatile stocks in GR Market2.9%

Stable Share Price: MEVA is more volatile than 75% of Greek stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MEVA's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of Greek stocks.

About the Company

FoundedEmployeesCEOWebsite
1993119Spiridon Delendashttps://www.mevaco.gr

Mevaco S.A. engages in the metal fabrication and construction works in Greece. It offers sheet metalwork fabrications services, such as cutting and laser cutting, punching, forming, bending, roll forming, welding, painting, and screen printing services for household electric appliances, beverage coolers, central heating boilers, indoor and outdoor advertising, promotion racks and stands, vehicles, electric and electronic boards, telecommunication boards, banking services, etc. The company also provides welded metallic constructions, such as lattice for tunneling, tunneling supports, solar trackers for PV installations, bridges, railings, metallic hangers, and custom structures built to print. In addition, it offers metal welded structures for defense applications; electronic board construction sections; and composite electrochemical constructions, including PV installation shelter houses, toll booths, sound attenuators for industrial applications, metallic equipment for shop chain, railway equipment, electrical and electronic equipment, and indoor and outdoor building claddings, as well as automatic selling machines for gas stations, ticket issuing centers, etc. Mevaco S.A. was founded in 1993 and is based in Aspropyrgos, Greece.

Mevaco Fundamentals Summary

How do Mevaco's earnings and revenue compare to its market cap?
MEVA fundamental statistics
Market Cap€24.57m
Earnings (TTM)€1.94m
Revenue (TTM)€25.60m

12.7x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MEVA income statement (TTM)
Revenue€25.60m
Cost of Revenue€20.07m
Gross Profit€5.53m
Other Expenses€3.59m
Earnings€1.94m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.18
Gross Margin21.58%
Net Profit Margin7.57%
Debt/Equity Ratio16.7%

How did MEVA perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is MEVA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MEVA?

Other financial metrics that can be useful for relative valuation.

MEVA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA6.3x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does MEVA's PE Ratio compare to its peers?

MEVA PE Ratio vs Peers
The above table shows the PE ratio for MEVA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12.9x
BIOSK Unibios Holdings
28.5xn/a€9.5m
PETRO Petros Petropoulos AEBE
6.5xn/a€37.7m
GEBKA General Commercial & Industrial
10.2xn/a€29.8m
VOSYS Vogiatzoglou Systems
6.4xn/a€13.4m
MEVA Mevaco
12.7xn/a€24.6m

Price-To-Earnings vs Peers: MEVA is good value based on its Price-To-Earnings Ratio (12.7x) compared to the peer average (12.9x).


Price to Earnings Ratio vs Industry

How does MEVA's PE Ratio compare vs other companies in the European Machinery Industry?

Price-To-Earnings vs Industry: MEVA is good value based on its Price-To-Earnings Ratio (12.7x) compared to the European Machinery industry average (15.5x)


Price to Earnings Ratio vs Fair Ratio

What is MEVA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MEVA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MEVA's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of MEVA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MEVA (€2.34) is trading below our estimate of fair value (€48.23)

Significantly Below Fair Value: MEVA is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.4%

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 Mevaco 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.


Discover growth companies

  • Examine whether Mevaco 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.
  • Mevaco competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Mevaco performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


53.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MEVA has high quality earnings.

Growing Profit Margin: MEVA became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MEVA has become profitable over the past 5 years, growing earnings by 53.3% per year.

Accelerating Growth: MEVA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MEVA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Machinery industry (33.4%).


Return on Equity

High ROE: MEVA's Return on Equity (8%) is considered low.


Discover strong past performing companies

Financial Health

How is Mevaco's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MEVA's short term assets (€14.9M) exceed its short term liabilities (€9.9M).

Long Term Liabilities: MEVA's short term assets (€14.9M) exceed its long term liabilities (€3.5M).


Debt to Equity History and Analysis

Debt Level: MEVA has more cash than its total debt.

Reducing Debt: MEVA's debt to equity ratio has reduced from 20% to 16.7% over the past 5 years.

Debt Coverage: MEVA's debt is well covered by operating cash flow (118.1%).

Interest Coverage: MEVA's interest payments on its debt are well covered by EBIT (14.7x coverage).


Balance Sheet


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Dividend

What is Mevaco current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

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

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

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


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as MEVA has not reported any payouts.


Discover strong dividend paying companies

Management

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


CEO

Spiridon Delendas

no data

Tenure

Mr. Spiridon Nikolaou Delendas serves as an Executive Vice-President of the Board of Directors and Chief Executive Officer at Mevaco SA.


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

Mevaco S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Mevaco S.A.
  • Ticker: MEVA
  • Exchange: ATSE
  • Founded: 1993
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: €24.570m
  • Shares outstanding: 10.50m
  • Website: https://www.mevaco.gr

Number of Employees


Location

  • Mevaco S.A.
  • NATO Avenue
  • Prari - Moustaki
  • Aspropyrgos
  • 193 00
  • Greece

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.