ATSE:MEVA

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Excellent balance sheet with questionable track record.

Share Price & News

How has Mevaco's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-3.1%

MEVA

3.3%

GR Machinery

0.4%

GR Market


1 Year Return

1.6%

MEVA

19.6%

GR Machinery

-16.2%

GR Market

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

Return vs Market: MEVA exceeded the Greek Market which returned -16.7% over the past year.


Shareholder returns

MEVAIndustryMarket
7 Day-3.1%3.3%0.4%
30 Day-7.3%4.2%1.2%
90 Day-13.0%22.5%7.0%
1 Year1.6%1.6%22.9%19.6%-12.7%-16.2%
3 Year15.5%15.5%11.7%0.4%-12.5%-20.1%
5 Year30.7%25.7%58.7%34.9%-24.6%-31.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Mevaco undervalued compared to its fair value and its price relative to the market?

29.87x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MEVA's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MEVA's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MEVA is poor value based on its PE Ratio (29.9x) compared to the XE Machinery industry average (19.9x).

PE vs Market: MEVA is poor value based on its PE Ratio (29.9x) compared to the Greek market (14x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MEVA is good value based on its PB Ratio (0.6x) compared to the XE Machinery industry average (1.5x).


Next Steps

Future Growth

How is Mevaco 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 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.


Next Steps

Past Performance

How has Mevaco performed over the past 5 years?

6.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MEVA has a large one-off gain of €160.2K impacting its December 31 2019 financial results.

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 6.6% 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 (-21.9%).


Return on Equity

High ROE: MEVA's Return on Equity (2%) is considered low.


Next Steps

Financial Health

How is Mevaco's financial position?


Financial Position Analysis

Short Term Liabilities: MEVA's short term assets (€7.5M) exceed its short term liabilities (€6.0M).

Long Term Liabilities: MEVA's short term assets (€7.5M) exceed its long term liabilities (€2.4M).


Debt to Equity History and Analysis

Debt Level: MEVA's debt to equity ratio (16.9%) is considered satisfactory.

Reducing Debt: MEVA's debt to equity ratio has reduced from 25.6% to 16.9% over the past 5 years.

Debt Coverage: MEVA's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: MEVA's interest payments on its debt are well covered by EBIT (3.8x coverage).


Balance Sheet


Next Steps

Dividend

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


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.


Current Payout to Shareholders

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


Future Payout to Shareholders

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


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 company bio, 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
  • Market Cap: €13.335m
  • Shares outstanding: 10.50m
  • Website: https://www.mevaco.gr

Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MEVAATSE (The Athens Stock Exchange)YesCommon SharesGREURMar 1999
0F8OLSE (London Stock Exchange)YesCommon SharesGBEURMar 1999

Biography

Mevaco S.A. engages in the metal fabrication and construction works in Greece. It offers sheet metal fabrications to customer specifications for household electric appliances, beverage coolers, central hea ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/13 22:50
End of Day Share Price2020/08/13 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.