ATSE:MEVA

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Excellent balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

8.9%

MEVA

3.8%

GR Machinery

1.7%

GR Market


1 Year Return

74.5%

MEVA

4.1%

GR Machinery

34.1%

GR Market

Return vs Industry: MEVA exceeded the Greek Machinery industry which returned 4.1% over the past year.

Return vs Market: MEVA exceeded the Greek Market which returned 34.1% over the past year.


Shareholder returns

MEVAIndustryMarket
7 Day8.9%3.8%1.7%
30 Day35.7%0.6%0.08%
90 Day30.5%0.1%1.8%
1 Year74.5%74.5%7.6%4.1%38.7%34.1%
3 Year93.2%85.9%25.6%12.7%63.6%48.3%
5 Year70.9%64.4%62.5%37.5%-78.3%-78.8%

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?

182.69x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MEVA (€1.71) is trading above our estimate of fair value (€0.64)

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


Price To Earnings Ratio

PE vs Industry: MEVA is poor value based on its PE Ratio (182.7x) compared to the Machinery industry average (16.1x).

PE vs Market: MEVA is poor value based on its PE Ratio (182.7x) compared to the Greek market (16.8x).


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 (0.8x) compared to the XE Machinery industry average (1.6x).


Next Steps

Future Growth

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

9.5%

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

  • Examine Mevaco's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Mevaco competitive advantages and company strategy can generally be found in its financial reports archived here.
  • Explore growth companies in the Capital Goods industry.

Past Performance

How has Mevaco performed over the past 5 years?

-12.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MEVA has become profitable over the past 5 years, growing earnings by -12.3% 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 (4.3%).


Return on Equity

High ROE: MEVA's Return on Equity (0.4%) is considered low.


Return on Assets

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


Return on Capital Employed

ROCE Improving: MEVA's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Mevaco's financial position?


Financial Position Analysis

Short Term Liabilities: MEVA's short term assets (€11.2M) exceeds its short term liabilities (€10.1M)

Long Term Liabilities: MEVA's short term assets (11.2M) exceeds its long term liabilities (2.0M)


Debt to Equity History and Analysis

Debt Level: MEVA's debt to equity ratio (14.6%) is considered satisfactory

Reducing Debt: MEVA's debt to equity ratio has reduced from 25.6% to 14.6% over the past 5 years.

Debt Coverage: MEVA's debt is well covered by operating cash flow (37.1%).

Interest Coverage: MEVA's interest payments on its debt are not well covered by EBIT (2.9x coverage).


Balance Sheet

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

Debt Coverage by Assets: MEVA's debt is covered by short term assets (assets are 3.334790x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%1.8%markettop25%3.6%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate MEVA'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 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

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


CEO

Spiridon Delendas 0

0yrs

Tenure

0

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


Insider Trading

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


Management Team

  • Dimitrios Kostopoulos

    Executive President of the Board of Directors

    • Tenure: 0yrs
  • Spiridon Delendas

    Executive Vice-President of the Board of Directors & CEO

    • Tenure: 0yrs
  • Antonios Roussos

    CFO & Executive Director

    • Tenure: 0yrs

Board Members

  • Vasiliki Kostopoulou

    Non-Executive Director

    • Tenure: 0yrs
  • Dimitrios Kostopoulos

    Executive President of the Board of Directors

    • Tenure: 0yrs
  • Spiridon Delendas

    Executive Vice-President of the Board of Directors & CEO

    • Tenure: 0yrs
  • Antonios Roussos

    CFO & Executive Director

    • Tenure: 0yrs
  • Mitropoulos Konstantinos

    Independent & Non-Executive Director

    • Tenure: 0yrs
  • Emmanouil Mparitantonakis

    Independent & Non-Executive Director

    • Tenure: 0yrs
  • Emmanouil Broutzos

    Non-Executive Director

    • Tenure: 0yrs
  • Emmanouil Baritantonakis

    Independent & Non-Executive Director

    • Tenure: 0yrs

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: €17.955m
  • 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

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 Analysis2019/10/21 20:44
End of Day Share Price2019/10/21 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.