ATSE:MYTIL

Stock Analysis Report

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Executive Summary

Mytilineos S.A., through its subsidiaries, engages in metallurgy, engineering, procurement, construction, and energy businesses in Greece and internationally.


Snowflake Analysis

Adequate balance sheet and fair value.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

2.4%

MYTIL

-3.6%

GR Industrials

-2.6%

GR Market


1 Year Return

-28.1%

MYTIL

11.2%

GR Industrials

-26.5%

GR Market

Return vs Industry: MYTIL underperformed the Greek Industrials industry which returned 11.2% over the past year.

Return vs Market: MYTIL underperformed the Greek Market which returned -26.5% over the past year.


Shareholder returns

MYTILIndustryMarket
7 Day2.4%-3.6%-2.6%
30 Day1.8%2.3%-5.7%
90 Day20.4%31.3%2.3%
1 Year-24.7%-28.1%14.7%11.2%-23.6%-26.5%
3 Year6.8%-5.1%10.6%0.3%-16.1%-23.4%
5 Year66.7%45.2%39.6%18.5%-36.6%-41.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

7.59x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MYTIL (€7.84) is trading above our estimate of fair value (€4.23)

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


Price To Earnings Ratio

PE vs Industry: MYTIL is good value based on its PE Ratio (7.6x) compared to the XE Industrials industry average (17x).

PE vs Market: MYTIL is good value based on its PE Ratio (7.6x) compared to the Greek market (13.7x).


Price to Earnings Growth Ratio

PEG Ratio: MYTIL is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: MYTIL is good value based on its PB Ratio (0.7x) compared to the XE Industrials industry average (0.8x).


Next Steps

Future Growth

How is Mytilineos forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

6.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MYTIL's forecast earnings growth (6.4% per year) is above the savings rate (5.7%).

Earnings vs Market: MYTIL's earnings (6.4% per year) are forecast to grow slower than the Greek market (30.6% per year).

High Growth Earnings: MYTIL's earnings are forecast to grow, but not significantly.

Revenue vs Market: MYTIL's revenue (3.3% per year) is forecast to grow slower than the Greek market (4.4% per year).

High Growth Revenue: MYTIL's revenue (3.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MYTIL's Return on Equity is forecast to be low in 3 years time (10.5%).


Next Steps

Past Performance

How has Mytilineos performed over the past 5 years?

25.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MYTIL has high quality earnings.

Growing Profit Margin: MYTIL's current net profit margins (6.5%) are lower than last year (9.5%).


Past Earnings Growth Analysis

Earnings Trend: MYTIL's earnings have grown significantly by 25.4% per year over the past 5 years.

Accelerating Growth: MYTIL's earnings growth over the past year (2%) is below its 5-year average (25.4% per year).

Earnings vs Industry: MYTIL earnings growth over the past year (2%) underperformed the Industrials industry 2.3%.


Return on Equity

High ROE: MYTIL's Return on Equity (9.2%) is considered low.


Next Steps

Financial Health

How is Mytilineos's financial position?


Financial Position Analysis

Short Term Liabilities: MYTIL's short term assets (€2.3B) exceed its short term liabilities (€1.1B).

Long Term Liabilities: MYTIL's short term assets (€2.3B) exceed its long term liabilities (€1.4B).


Debt to Equity History and Analysis

Debt Level: MYTIL's debt to equity ratio (66.4%) is considered high.

Reducing Debt: MYTIL's debt to equity ratio has increased from 58.4% to 66.4% over the past 5 years.

Debt Coverage: MYTIL's debt is well covered by operating cash flow (22.5%).

Interest Coverage: MYTIL's interest payments on its debt are well covered by EBIT (12.3x coverage).


Balance Sheet


Next Steps

Dividend

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

4.59%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MYTIL's dividend (4.59%) is higher than the bottom 25% of dividend payers in the Greek market (2.37%).

High Dividend: MYTIL's dividend (4.59%) is low compared to the top 25% of dividend payers in the Greek market (5.67%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, MYTIL has been paying a dividend for less than 10 years.

Growing Dividend: MYTIL's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (34.9%), MYTIL's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MYTIL's dividends in 3 years are forecast to be well covered by earnings (35.1% payout ratio).


Next Steps

Management

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

3.1yrs

Average management tenure


CEO

Evangelos Mytilineos (66 yo)

no data

Tenure

€254,537

Compensation

Mr. Evangelos G. Mytilineos serves as the Chief Executive Officer of MYTILINEOS S.A. (Formerly known as MYTILINEOS Holdings S.A.) and served as its Managing Director until May 26, 2017. Mr. Mytilineos head ...


Leadership Team

NamePositionTenureCompensationOwnership
Evangelos Mytilineos
Chairman & CEOno data€254.54k26.81%
€ 297.3m
Evangelos Chrysafis
Executive Vice Chairman of Boardno datano datano data
Ioannis Kalafatas
Chief Financial Officer3.08yrsno datano data
Petros Selekos
General Manager of Legal & Regulatory Affairs0.50yrno datano data
Vivian Bouzali
General Manager of Communication & Marketing Strategy3.08yrsno datano data
Dimitra Brakatselou
General Manager of Human Resources3.08yrsno datano data
Nikolaos Kontos
Head of Shareholders Departmentno datano datano data
Nikolaou Thomais
Head of Internal Auditno datano datano data
Fotis Spyrakos
Chief of Staff3.08yrsno datano data
Dimitrios Papadopoulos
GM of Corporate Governance & Sustainable Development and Executive Director2.17yrsno datano data
Leda Condoyanni
Corporate Secretary2.42yrsno datano data
Christos Gavalas
General Manager of Treasury3.08yrsno datano data

3.1yrs

Average Tenure

58yo

Average Age

Experienced Management: MYTIL's management team is considered experienced (3.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Evangelos Mytilineos
Chairman & CEOno data€254.54k26.81%
€ 297.3m
Evangelos Chrysafis
Executive Vice Chairman of Boardno datano datano data
Dimitrios Papadopoulos
GM of Corporate Governance & Sustainable Development and Executive Director2.17yrsno datano data
Spyridon Kasdas
Non-Executive Vice Chairmanno datano datano data
Christos Zerefos
Independent Non-Executive Memberno datano datano data
Ioannis Petrides
Lead Independent Director0.083yrno datano data
Panagiota Antonakou
Independent Non-Executive Director2.17yrsno datano data
Emmanouil Kakaras
Independent Non-Executive Director2.17yrsno datano data
Konstantina Mavraki
Independent Non-Executive Director2.17yrsno datano data
Alexios Pilavios
Independent Non-Executive Director2.17yrsno datano data

2.2yrs

Average Tenure

60yo

Average Age

Experienced Board: MYTIL's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


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

Mytilineos S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mytilineos S.A.
  • Ticker: MYTIL
  • Exchange: ATSE
  • Founded: 1908
  • Industry: Industrial Conglomerates
  • Sector: Capital Goods
  • Market Cap: €1.109b
  • Shares outstanding: 141.45m
  • Website: https://www.mytilineos.gr

Number of Employees


Location

  • Mytilineos S.A.
  • 8 Artemidos Street
  • Maroussi
  • Athens
  • 151 25
  • Greece

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MYTILATSE (The Athens Stock Exchange)YesCommon Registered SharesGREURFeb 2000
0KAZLSE (London Stock Exchange)YesCommon Registered SharesGBEURFeb 2000
MYTH.FOTCPK (Pink Sheets LLC)YesCommon Registered SharesUSUSDFeb 2000
MYTH.YOTCPK (Pink Sheets LLC)UNSPONSORED ADSUSUSDOct 2008

Biography

Mytilineos S.A., through its subsidiaries, engages in metallurgy, engineering, procurement, construction, and energy businesses in Greece and internationally. The company operates through three segments: M ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/02 22:32
End of Day Share Price2020/07/31 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.