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DROM

Dromeas ATSE:DROME Stock Report

Last Price

€0.29

Market Cap

€10.2m

7D

0.7%

1Y

-22.8%

Updated

02 Oct, 2022

Data

Company Financials
DROME fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health3/6
Dividends0/6

DROME Stock Overview

Dromeas SA produces and sells office furniture, partition walls, filing systems, and custom-made furniture solutions.

Dromeas Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Dromeas
Historical stock prices
Current Share Price€0.29
52 Week High€0.45
52 Week Low€0.27
Beta0.96
1 Month Change-8.13%
3 Month Change0.69%
1 Year Change-22.84%
3 Year Change-10.91%
5 Year Change40.00%
Change since IPO-88.35%

Recent News & Updates

Jun 12
Calculating The Intrinsic Value Of Dromeas SA (ATH:DROME)

Calculating The Intrinsic Value Of Dromeas SA (ATH:DROME)

In this article we are going to estimate the intrinsic value of Dromeas SA ( ATH:DROME ) by taking the forecast future...

May 08
Dromeas (ATH:DROME) Might Have The Makings Of A Multi-Bagger

Dromeas (ATH:DROME) Might Have The Makings Of A Multi-Bagger

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Shareholder Returns

DROMEGR Commercial ServicesGR Market
7D0.7%-1.3%-0.4%
1Y-22.8%-19.5%-14.5%

Return vs Industry: DROME underperformed the Greek Commercial Services industry which returned -19.5% over the past year.

Return vs Market: DROME underperformed the Greek Market which returned -14.5% over the past year.

Price Volatility

Is DROME's price volatile compared to industry and market?
DROME volatility
DROME Average Weekly Movement5.1%
Commercial Services Industry Average Movement5.3%
Market Average Movement4.5%
10% most volatile stocks in GR Market6.5%
10% least volatile stocks in GR Market2.6%

Stable Share Price: DROME is not significantly more volatile than the rest of Greek stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: DROME's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1979280Athanasios Papapanagiotouhttps://www.dromeas.gr

Dromeas SA produces and sells office furniture, partition walls, filing systems, and custom-made furniture solutions. It offers office chairs and desk seating products, including conference, executive, working, and visitor chairs; and public and auditorium seating products. The company also provides desk and workstations, such as home office products, conference and meeting tables, executive and work desks, workstations, folding tables, sit/stand desks, and auxiliary desks; pedestals, including executive, melamine, and metallic pedestals; melamine, veneer, and metallic bookcases; and sliding tracked storage systems.

Dromeas Fundamentals Summary

How do Dromeas's earnings and revenue compare to its market cap?
DROME fundamental statistics
Market Cap€10.21m
Earnings (TTM)€1.40m
Revenue (TTM)€24.84m

7.3x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DROME income statement (TTM)
Revenue€24.84m
Cost of Revenue€15.16m
Gross Profit€9.68m
Other Expenses€8.28m
Earnings€1.40m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.04
Gross Margin38.98%
Net Profit Margin5.65%
Debt/Equity Ratio93.0%

How did DROME perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is DROME 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 DROME?

Other financial metrics that can be useful for relative valuation.

DROME 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/Revenue1.4x
Enterprise Value/EBITDA9.3x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does DROME's PE Ratio compare to its peers?

DROME PE Ratio vs Peers
The above table shows the PE ratio for DROME vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average7.9x
SATOK Sato office and Houseware supplies
6xn/a€1.4m
HAIDE Haidemenos
5.6xn/a€4.2m
LYK Inform P. Lykos Holdings
15.4xn/a€32.5m
ARR Arteria
4.7xn/azł38.0m
DROME Dromeas
7.3xn/a€10.2m

Price-To-Earnings vs Peers: DROME is good value based on its Price-To-Earnings Ratio (7.3x) compared to the peer average (7.9x).


Price to Earnings Ratio vs Industry

How does DROME's PE Ratio compare vs other companies in the European Commercial Services Industry?

Price-To-Earnings vs Industry: DROME is good value based on its Price-To-Earnings Ratio (7.3x) compared to the European Commercial Services industry average (13.1x)


Price to Earnings Ratio vs Fair Ratio

What is DROME'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.

DROME PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate DROME's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: DROME (€0.29) is trading below our estimate of fair value (€0.54)

Significantly Below Fair Value: DROME 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 Dromeas 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


17.3%

Forecasted Commercial Services 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 Dromeas 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 Dromeas 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.
  • Dromeas competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Dromeas performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


64.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DROME has high quality earnings.

Growing Profit Margin: DROME's current net profit margins (5.7%) are higher than last year (2.2%).


Past Earnings Growth Analysis

Earnings Trend: DROME has become profitable over the past 5 years, growing earnings by 64.5% per year.

Accelerating Growth: DROME's earnings growth over the past year (217.1%) exceeds its 5-year average (64.5% per year).

Earnings vs Industry: DROME earnings growth over the past year (217.1%) exceeded the Commercial Services industry 37.1%.


Return on Equity

High ROE: DROME's Return on Equity (4.9%) is considered low.


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Financial Health

How is Dromeas's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: DROME's short term assets (€30.2M) exceed its short term liabilities (€15.5M).

Long Term Liabilities: DROME's short term assets (€30.2M) exceed its long term liabilities (€21.6M).


Debt to Equity History and Analysis

Debt Level: DROME's net debt to equity ratio (85.8%) is considered high.

Reducing Debt: DROME's debt to equity ratio has reduced from 101.2% to 93% over the past 5 years.

Debt Coverage: DROME's debt is not well covered by operating cash flow (10.6%).

Interest Coverage: DROME's interest payments on its debt are not well covered by EBIT (2.1x coverage).


Balance Sheet


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Dividend

What is Dromeas's 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

Dromeas Dividend Yield vs Market
How does Dromeas dividend yield compare to the market?
SegmentDividend Yield
Company (Dromeas)n/a
Market Bottom 25% (GR)2.3%
Market Top 25% (GR)6.1%
Industry Average (Commercial Services)3.0%
Analyst forecast in 3 Years (Dromeas)n/a

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

High Dividend: Unable to evaluate DROME'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 DROME's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DROME'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 DROME has not reported any payouts.


Discover strong dividend paying companies

Management

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


CEO

Athanasios Papapanagiotou

9.83yrs

Tenure

Mr. Athanasiou Konstantinos Papapanagiotou is a Co-founder of Dromeas SA. and serves its Chairman and Chief Executive Officer and has been an Executive Director of Dromeas SA since December 28, 2012. Mr. P...


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

What is the ownership structure of DROME?
Owner TypeNumber of SharesOwnership Percentage

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Company Information

Dromeas SA's employee growth, exchange listings and data sources


Key Information

  • Name: Dromeas SA
  • Ticker: DROME
  • Exchange: ATSE
  • Founded: 1979
  • Industry: Office Services and Supplies
  • Sector: Commercial Services
  • Implied Market Cap: €10.208m
  • Shares outstanding: 34.72m
  • Website: https://www.dromeas.gr

Number of Employees


Location

  • Dromeas SA
  • Industrial area of Serres
  • Serres
  • 62121
  • Greece


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DROMEATSE (The Athens Stock Exchange)YesOrdinary Nominal SharesGREURNov 2000

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/02 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.