Mevaco (ATSE:MEVA) - Share price, News & Analysis

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

MEVA (€2.34) is trading below our estimate of [[fair value]] (€48.23)

MEVA fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	3/6
Financial Health	6/6
Dividends	0/6

MEVA Stock Overview

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

Rewards

Trading at 95.1% below our estimate of its fair value

Became profitable this year

Risk Analysis

Volatile share price over the past 3 months

Does not have a meaningful market cap (€25M)

Mevaco Competitors

Unibios Holdings

ATSE:BIOSK

€9.5m

Petros Petropoulos AEBE

ATSE:PETRO

€37.7m

General Commercial & Industrial

ATSE:GEBKA

€29.8m

Vogiatzoglou Systems

ATSE:VOSYS

€13.4m

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
Beta	0.53
1 Month Change	-9.30%
3 Month Change	5.41%
1 Year Change	18.78%
3 Year Change	74.63%
5 Year Change	112.73%
Change since IPO	-43.27%

Recent News & Updates

Mar 09

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

	MEVA	GR Machinery	GR Market
7D	-4.9%	-1.7%	0.2%
1Y	18.8%	-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 Movement	6.3%
Machinery Industry Average Movement	5.7%
Market Average Movement	4.9%
10% most volatile stocks in GR Market	7.2%
10% least volatile stocks in GR Market	2.9%

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

Founded	Employees	CEO	Website
1993	119	Spiridon Delendas	https://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

Is MEVA overvalued?

See Fair Value and valuation analysis

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 Margin	21.58%
Net Profit Margin	7.57%
Debt/Equity Ratio	16.7%

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.

The above table shows the n/a ratio for MEVA. This is calculated by dividing MEVA's market cap by their current preferred multiple.
What is MEVA's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	€24.57m

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/Revenue	0.9x
Enterprise Value/EBITDA	6.3x
PEG Ratio	n/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.
Company	PE	Estimated Growth	Market Cap
Peer Average	12.9x
BIOSK Unibios Holdings	28.5x	n/a	€9.5m
PETRO Petros Petropoulos AEBE	6.5x	n/a	€37.7m
GEBKA General Commercial & Industrial	10.2x	n/a	€29.8m
VOSYS Vogiatzoglou Systems	6.4x	n/a	€13.4m
MEVA Mevaco	12.7x	n/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 Ratio	12.7x
Fair PE Ratio	n/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.

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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.

Data	Last Updated (UTC time)
Company Analysis	2022/08/07 00:00
End of Day Share Price	2022/08/05 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31