ATSE:VOSYS

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Excellent balance sheet with acceptable track record.

Risks

  • Vogiatzoglou Systems is not covered by any analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

ATSE:VOSYS

-0.7%

GR Trade Distributors

-0.7%

GR Market


1 Year Return

11.3%

ATSE:VOSYS

36.5%

GR Trade Distributors

18.2%

GR Market

VOSYS underperformed the Trade Distributors industry which returned 36.5% over the past year.

VOSYS underperformed the Market in Greece which returned 18.2% over the past year.


Share holder returns

VOSYSIndustryMarket
7 Day0%-0.7%-0.7%
30 Day12.4%5.6%8.2%
90 Day12.4%12.9%2.6%
1 Year16.4%11.3%39.9%36.5%22.0%18.2%
3 Year65.1%34.9%159.8%109.6%63.3%48.5%
5 Year136.8%93.4%133.8%84.3%-80.6%-81.2%

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 based on future cash flows and its price relative to the stock market?

12.78x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Vogiatzoglou Systems's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Vogiatzoglou Systems's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Vogiatzoglou Systems is good value based on earnings compared to the Europe Trade Distributors industry average.

Vogiatzoglou Systems is good value based on earnings compared to the Greece market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Vogiatzoglou Systems, we can't assess if its growth is good value.


Price Based on Value of Assets

Vogiatzoglou Systems is overvalued based on assets compared to the GR Trade Distributors industry average.


Next Steps

Future Growth

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

9.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Vogiatzoglou Systems is high growth as no revenue estimate data is available.

Vogiatzoglou Systems's earnings are expected to grow by 9.9% yearly, however this is not considered high growth (20% yearly).

Unable to compare Vogiatzoglou Systems's revenue growth to the Greece market average as no estimate data is available.

Vogiatzoglou Systems's earnings growth is positive but not above the Greece market average.

Vogiatzoglou Systems's earnings growth is expected to exceed the low risk savings rate of 4.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Vogiatzoglou Systems will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Vogiatzoglou Systems performed over the past 5 years?

66.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Vogiatzoglou Systems has delivered over 20% year on year earnings growth in the past 5 years.

Vogiatzoglou Systems's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Vogiatzoglou Systems's 1-year earnings growth is negative, it can't be compared to the Europe Trade Distributors industry average.


Return on Equity

Vogiatzoglou Systems has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Vogiatzoglou Systems used its assets more efficiently than the Europe Trade Distributors industry average last year based on Return on Assets.


Return on Capital Employed

Vogiatzoglou Systems has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Vogiatzoglou Systems's financial position?


Financial Position Analysis

Vogiatzoglou Systems is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Vogiatzoglou Systems's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Vogiatzoglou Systems's level of debt (17.7%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (30.9% vs 17.7% today).

Debt is not well covered by operating cash flow (16.2%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 11x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 5.4x debt.


Next Steps

Dividend

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

6.36%

Current Dividend Yield


Dividend Yield and Payments Analysis

Vogiatzoglou Systems's pays a higher dividend yield than the bottom 25% of dividend payers in Greece (1.84%).

Vogiatzoglou Systems's dividend is above the markets top 25% of dividend payers in Greece (3.7%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.2x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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


CEO

Nikolaos Damianou 0

0yrs

Tenure

0

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 ...


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Anna Nikolaou

    Vice-Chairman

    • Tenure: 0yrs
  • Andreas Georgiou

    Financial & Administrative Manager and Executive Director

    • Tenure: 0yrs
  • Nikolaos Damianou

    Chairman of the Board and Managing Director

    • Tenure: 0yrs
  • Ilias Markesinis

    Chief Accountant

    • Tenure: 0yrs

Board Members

  • Andreas Georgiou

    Independent Non-Executive Director

    • Tenure: 0yrs
  • Anna Nikolaou

    Vice-Chairman

    • Tenure: 0yrs
  • Andreas Georgiou

    Financial & Administrative Manager and Executive Director

    • Tenure: 0yrs
  • Dimitris Georgiou

    Non-Executive Director

    • Tenure: 0yrs
  • Nikolaos Damianou

    Chairman of the Board and Managing Director

    • Tenure: 0yrs
  • Georgios Konstantinou

    Independent Non-Executive Director

    • Tenure: 0yrs
  • Nina Nikolaou

    Non-Executive Director

    • Tenure: 0yrs

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: €14.927m
  • Shares outstanding: 6.33m
  • Website: https://www.voyatzoglou.gr

Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VOSYSATSE (The Athens Stock Exchange)YesOrdinary SharesGREUROct 2000

Biography

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/15 20:42
End of Day Share Price2019/09/13 00:00
Earnings2018/12/31
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.