ATSE:VOSYS

Stock Analysis Report

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Executive Summary

Vogiatzoglou Systems S.A. provides integrated solutions for store and warehouse furnishing in Greece. More Details


Snowflake Analysis

Excellent balance sheet and fair value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: VOSYS's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.3%

VOSYS

-1.2%

GR Trade Distributors

-1.5%

GR Market


1 Year Return

-27.1%

VOSYS

18.7%

GR Trade Distributors

-27.7%

GR Market

Return vs Industry: VOSYS underperformed the Greek Trade Distributors industry which returned 19.5% over the past year.

Return vs Market: VOSYS matched the Greek Market which returned -26.8% over the past year.


Shareholder returns

VOSYSIndustryMarket
7 Day-1.3%-1.2%-1.5%
30 Day-4.4%5.4%-2.1%
90 Day-17.3%9.0%-4.0%
1 Year-22.9%-27.1%19.9%18.7%-24.7%-27.7%
3 Year31.2%9.3%34.6%25.6%-3.9%-13.2%
5 Year92.5%48.5%85.1%63.7%-19.0%-28.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: VOSYS (€1.53) is trading below our estimate of fair value (€12.6)

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


Price To Earnings Ratio

PE vs Industry: VOSYS is poor value based on its PE Ratio (19.5x) compared to the XE Trade Distributors industry average (17.2x).

PE vs Market: VOSYS is poor value based on its PE Ratio (19.5x) compared to the Greek market (14.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: VOSYS is good value based on its PB Ratio (0.6x) compared to the XE Trade Distributors industry average (1.3x).


Next Steps

Future Growth

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

18.8%

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 Vogiatzoglou Systems 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 Vogiatzoglou Systems performed over the past 5 years?

13.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VOSYS has high quality earnings.

Growing Profit Margin: VOSYS's current net profit margins (2%) are lower than last year (4.4%).


Past Earnings Growth Analysis

Earnings Trend: VOSYS's earnings have grown by 13.4% per year over the past 5 years.

Accelerating Growth: VOSYS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: VOSYS had negative earnings growth (-52.4%) over the past year, making it difficult to compare to the Trade Distributors industry average (0.5%).


Return on Equity

High ROE: VOSYS's Return on Equity (3.1%) is considered low.


Next Steps

Financial Health

How is Vogiatzoglou Systems's financial position?


Financial Position Analysis

Short Term Liabilities: VOSYS's short term assets (€19.7M) exceed its short term liabilities (€11.4M).

Long Term Liabilities: VOSYS's short term assets (€19.7M) exceed its long term liabilities (€2.5M).


Debt to Equity History and Analysis

Debt Level: VOSYS's debt to equity ratio (29.4%) is considered satisfactory.

Reducing Debt: VOSYS's debt to equity ratio has increased from 13.2% to 29.4% over the past 5 years.

Debt Coverage: VOSYS's debt is well covered by operating cash flow (63.2%).

Interest Coverage: VOSYS's interest payments on its debt are well covered by EBIT (7.4x coverage).


Balance Sheet


Next Steps

Dividend

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

6.21%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: VOSYS's dividend (6.21%) is higher than the bottom 25% of dividend payers in the Greek market (2.4%).

High Dividend: VOSYS's dividend (6.21%) is in the top 25% of dividend payers in the Greek market (5.86%)


Stability and Growth of Payments

Stable Dividend: VOSYS's dividend payments have been volatile in the past 10 years.

Growing Dividend: VOSYS's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (121.1%), VOSYS's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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


CEO

Nikolaos Damianou

no data

Tenure

Mr. Nikolaos Vogiatzoglou Damianou serves as Chairman and Managing Director of Voyatzoglou Systems S.A. Mr. Voyatzoglou serves as an Executive Member of Voyatzoglou Systems S.A. He holds a Degree in Busine ...


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

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


Key Information

  • Name: Vogiatzoglou Systems S.A.
  • Ticker: VOSYS
  • Exchange: ATSE
  • Founded: 1992
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: €9.677m
  • Shares outstanding: 6.33m
  • Website: https://www.voyatzoglou.gr

Number of Employees


Location

  • Vogiatzoglou Systems S.A.
  • 12th Km. Athens-Lamia National Road
  • Metamorfosi
  • 144 51
  • Greece

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VOSYSATSE (The Athens Stock Exchange)YesOrdinary SharesGREUROct 2000
0GH2LSE (London Stock Exchange)YesOrdinary SharesGBEUROct 2000

Biography

Vogiatzoglou Systems S.A. provides integrated solutions for store and warehouse furnishing in Greece. The company offers warehouse metal shelves and equipment, including pallet racks, drive in products, pu ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/22 22:01
End of Day Share Price2020/10/22 00:00
Earnings2020/06/30
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.