Loading...

AS

ATSE:ASCO
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ASCO
ATSE
€36M
Market Cap
  1. Home
  2. GR
  3. Consumer Durables
Company description

AS Company S.A. manufactures, imports, and markets toys for various ages in Greece. The last earnings update was 207 days ago. More info.


Add to Portfolio Compare Print
ASCO Share Price and Events
7 Day Returns
-1.4%
ATSE:ASCO
1.9%
Europe Leisure
0.6%
GR Market
1 Year Returns
26.9%
ATSE:ASCO
15.5%
Europe Leisure
-7.1%
GR Market
ASCO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AS (ASCO) -1.4% 7.9% -1.4% 26.9% 315.2% 270.3%
Europe Leisure 1.9% 6.5% 8.7% 15.5% 53.7% 93%
GR Market 0.6% 8.5% 18.5% -7.1% 20.3% -77.7%
1 Year Return vs Industry and Market
  • ASCO outperformed the Leisure industry which returned 15.5% over the past year.
  • ASCO outperformed the Market in Greece which returned -7.1% over the past year.
Price Volatility
ASCO
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for AS's competitors could be found in our database.

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of AS to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for AS.

ATSE:ASCO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 19.4%
Perpetual Growth Rate 10-Year GR Government Bond Rate 4.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ATSE:ASCO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GR Govt Bond Rate 4.9%
Equity Risk Premium S&P Global 15%
Leisure Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.912 (1 + (1- 29%) (5.64%))
0.965
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 4.93% + (0.965 * 14.99%)
19.4%

Discounted Cash Flow Calculation for ATSE:ASCO using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for AS is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ATSE:ASCO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 19.4%)
2019 5.74 Est @ 21.81% 4.81
2020 6.70 Est @ 16.74% 4.70
2021 7.58 Est @ 13.2% 4.45
2022 8.40 Est @ 10.72% 4.13
2023 9.15 Est @ 8.98% 3.77
2024 9.86 Est @ 7.77% 3.40
2025 10.54 Est @ 6.92% 3.05
2026 11.21 Est @ 6.32% 2.71
2027 11.87 Est @ 5.9% 2.41
2028 12.54 Est @ 5.61% 2.13
Present value of next 10 years cash flows €35.56
ATSE:ASCO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €12.54 × (1 + 4.93%) ÷ (19.4% – 4.93%)
€90.91
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €90.91 ÷ (1 + 19.4%)10
€15.43
ATSE:ASCO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €35.56 + €15.43
€50.99
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €50.99 / 13.13
€3.88
ATSE:ASCO Discount to Share Price
Calculation Result
Value per share (EUR) From above. €3.88
Current discount Discount to share price of €2.74
= -1 x (€2.74 - €3.88) / €3.88
29.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price AS is available for.
Intrinsic value
29%
Share price is €2.74 vs Future cash flow value of €3.88
Current Discount Checks
For AS to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • AS's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • AS's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for AS's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AS's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ATSE:ASCO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in EUR €0.28
ATSE:ASCO Share Price ** ATSE (2019-04-23) in EUR €2.74
Europe Leisure Industry PE Ratio Median Figure of 24 Publicly-Listed Leisure Companies 18.33x
Greece Market PE Ratio Median Figure of 96 Publicly-Listed Companies 14.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of AS.

ATSE:ASCO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ATSE:ASCO Share Price ÷ EPS (both in EUR)

= 2.74 ÷ 0.28

9.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AS is good value based on earnings compared to the Europe Leisure industry average.
  • AS is good value based on earnings compared to the Greece market.
Price based on expected Growth
Does AS's expected growth come at a high price?
Raw Data
ATSE:ASCO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
11.5%per year
Europe Leisure Industry PEG Ratio Median Figure of 11 Publicly-Listed Leisure Companies 1.4x
Greece Market PEG Ratio Median Figure of 19 Publicly-Listed Companies 1.1x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for AS, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on AS's assets?
Raw Data
ATSE:ASCO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in EUR €2.07
ATSE:ASCO Share Price * ATSE (2019-04-23) in EUR €2.74
Europe Leisure Industry PB Ratio Median Figure of 28 Publicly-Listed Leisure Companies 2.57x
Greece Market PB Ratio Median Figure of 138 Publicly-Listed Companies 0.89x
ATSE:ASCO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ATSE:ASCO Share Price ÷ Book Value per Share (both in EUR)

= 2.74 ÷ 2.07

1.32x

* Primary Listing of AS.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AS is good value based on assets compared to the Europe Leisure industry average.
X
Value checks
We assess AS's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Leisure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Leisure industry average (and greater than 0)? (1 check)
  5. AS has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

  • No analysts cover AS, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AS expected to grow at an attractive rate?
  • AS's earnings growth is expected to exceed the low risk savings rate of 4.9%.
Growth vs Market Checks
  • AS's earnings growth is positive but not above the Greece market average.
  • Unable to compare AS's revenue growth to the Greece market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ATSE:ASCO Future Growth Rates Data Sources
Data Point Source Value (per year)
ATSE:ASCO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 11.5%
Europe Leisure Industry Earnings Growth Rate Market Cap Weighted Average 10.1%
Europe Leisure Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
Greece Market Earnings Growth Rate Market Cap Weighted Average 16.4%
Greece Market Revenue Growth Rate Market Cap Weighted Average 8.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ATSE:ASCO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ATSE:ASCO Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-06-30 26 5 4
2018-03-31 26 5 3
2017-12-31 26 5 3
2017-09-30 27 3 3
2017-06-30 27 2 3
2017-03-31 26 2 3
2016-12-31 26 1 3
2016-09-30 26 2 2
2016-06-30 22 3 1
2016-03-31 21 2 1
2015-12-31 21 1 2
2015-09-30 19 0 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AS's earnings are expected to grow by 11.5% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if AS is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ATSE:ASCO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from AS Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ATSE:ASCO Past Financials Data
Date (Data in EUR Millions) EPS *
2018-06-30 0.28
2018-03-31 0.25
2017-12-31 0.23
2017-09-30 0.18
2017-06-30 0.14
2017-03-31 0.14
2016-12-31 0.13
2016-09-30 0.14
2016-06-30 0.10
2016-03-31 0.09
2015-12-31 0.12
2015-09-30 0.10

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if AS will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess AS's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
AS has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has AS performed over the past 5 years?

  • AS's last earnings update was 207 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare AS's growth in the last year to its industry (Leisure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • AS has delivered over 20% year on year earnings growth in the past 5 years.
  • AS's 1-year earnings growth is less than its 5-year average (31% vs 32.1%)
  • AS's earnings growth has exceeded the Europe Leisure industry average in the past year (31% vs 28.8%).
Earnings and Revenue History
AS's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from AS Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ATSE:ASCO Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 26.15 3.66 6.79 0.12
2018-03-31 26.05 3.32 6.75 0.13
2017-12-31 25.95 2.98 6.70 0.14
2017-09-30 26.50 2.89 6.93 0.15
2017-06-30 27.05 2.79 7.16 0.16
2017-03-31 26.40 2.68 7.15 0.15
2016-12-31 25.76 2.57 7.14 0.15
2016-09-30 25.78 2.19 7.29 0.18
2016-06-30 21.63 1.32 6.41 0.17
2016-03-31 20.90 1.19 6.29 0.17
2015-12-31 21.43 1.54 6.59 0.18
2015-09-30 19.27 1.30 4.94 0.16
2015-06-30 19.56 1.70 5.01 0.17
2015-03-31 19.77 2.25 4.91 0.18
2014-12-31 19.24 1.87 4.98 0.17
2014-09-30 18.26 1.30 6.19 0.16
2014-06-30 18.45 1.26 6.41 0.17
2014-03-31 18.44 0.78 6.67 0.17
2013-12-31 16.96 0.44 6.21 0.17
2013-09-30 17.02 0.47 6.59 0.18
2013-06-30 16.57 0.14 6.63 0.17
2013-03-31 15.22 -0.29 6.47 0.17
2012-12-31 16.82 0.21 6.88 0.18
2012-09-30 16.71 -0.23 11.62 0.32
2012-06-30 16.71 0.05 -0.04 0.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • AS has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • AS used its assets more efficiently than the Europe Leisure industry average last year based on Return on Assets.
  • AS has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess AS's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Leisure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
AS has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is AS's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up AS's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AS is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AS's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of AS's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 14.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from AS Company Filings, last reported 9 months ago.

ATSE:ASCO Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 27.15 2.03 12.85
2018-03-31 27.15 2.03 12.85
2017-12-31 25.91 2.02 11.28
2017-09-30 25.91 2.02 11.28
2017-06-30 24.08 2.01 8.58
2017-03-31 24.08 2.01 8.58
2016-12-31 23.40 2.25 7.44
2016-09-30 23.40 2.25 7.44
2016-06-30 21.81 2.12 7.35
2016-03-31 21.81 2.12 7.35
2015-12-31 21.22 2.38 6.91
2015-09-30 20.81 2.38 5.69
2015-06-30 20.88 2.38 5.20
2015-03-31 21.57 2.38 6.46
2014-12-31 20.73 2.63 7.65
2014-09-30 20.61 2.75 6.61
2014-06-30 20.29 2.75 6.52
2014-03-31 19.38 2.88 6.04
2013-12-31 18.92 2.88 6.48
2013-09-30 19.25 3.26 5.19
2013-06-30 18.97 3.59 3.85
2013-03-31 18.54 2.86 5.76
2012-12-31 18.50 3.07 6.99
2012-09-30 18.81 3.39 5.28
2012-06-30 18.85 3.66 4.00
  • AS's level of debt (7.5%) 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 (18.9% vs 7.5% today).
  • Debt is well covered by operating cash flow (238.6%, greater than 20% of total debt).
  • AS earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess AS's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. AS has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.82%
Current annual income from AS dividends.
If you bought €2,000 of AS shares you are expected to receive €36 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • AS's pays a higher dividend yield than the bottom 25% of dividend payers in Greece (1.61%).
  • AS's dividend is below the markets top 25% of dividend payers in Greece (4.71%).
Upcoming dividend payment

Purchase AS before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ATSE:ASCO Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Leisure Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 2.5%
Greece Market Average Dividend Yield Market Cap Weighted Average of 51 Stocks 4.1%
Greece Minimum Threshold Dividend Yield 10th Percentile 1%
Greece Bottom 25% Dividend Yield 25th Percentile 1.6%
Greece Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ATSE:ASCO Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-04-27 0.050 2.039
2017-04-06 0.040 2.616
2017-04-05 0.040 4.410
2016-03-30 0.060 8.492
2011-11-28 0.000 0.000
2011-08-29 0.000 0.000
2011-08-26 0.000 0.000
2011-05-27 0.000 0.000
2011-03-24 0.000 0.000
2010-01-15 0.083 10.278
2009-04-24 0.133 9.070

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
What portion of AS's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as AS has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess AS's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can AS afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AS has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Andreadis Efstratios
AGE 61
CEO Bio

Mr. Andreadis K. Efstratios Co-Founded AS Company S.A. (formerly AS Company AE) on November 18, 1990 and serves as its Chief Executive Officer and Executive Chairman of the Board. He holds Degree in Mathematics from Universita Degli Studi Di Perugia, Italy.

CEO Compensation
  • Insufficient data for Andreadis to compare compensation growth.
  • Insufficient data for Andreadis to establish whether their remuneration is reasonable compared to companies of similar size in Greece.
Management Team

Andreadis Efstratios

TITLE
Executive Chairman of the Board of Directors & CEO
AGE
61

Andreadou Anastasia

TITLE
Co-Founder & Executive Vice-Chairman of the Board of Directors
AGE
68

Panagiotis Papaspyrou

TITLE
Finance Director
AGE
58

Olymbia Bagioki

TITLE
Head of Accountant
AGE
56

Aggeliki-Maria Tanakidou

TITLE
Head of Investor Relations
AGE
41

Theodora Koufou

TITLE
GM & Executive Member of the Board of Directors
AGE
46
Board of Directors

Andreadis Efstratios

TITLE
Executive Chairman of the Board of Directors & CEO
AGE
61

Andreadou Anastasia

TITLE
Co-Founder & Executive Vice-Chairman of the Board of Directors
AGE
68

Theodora Koufou

TITLE
GM & Executive Member of the Board of Directors
AGE
46

Apostolakos Ioannis

TITLE
Independent Non-Executive Director

Mechteridis Theofilos

TITLE
Non-Executive Director
AGE
52

Iakovou Petros

TITLE
Independent Non-Executive Director
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess AS's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. AS has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does The AS Company S.A. (ATH:ASCO) Share Price Fall With The Market?

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider. … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Why We Like AS Company S.A.’s (ATH:ASCO) 19% Return On Capital Employed

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Imagine Holding AS Shares While The Price Zoomed 309% Higher

(ATH:ASCO) share price, which skyrocketed 309% over three years. … AS was able to grow its EPS at 29% per year over three years, sending the share price higher. … So it's fair to assume the market has a higher opinion of the business than it did three years ago.

Simply Wall St -

Taking A Look At AS Company S.A.'s (ATH:ASCO) ROE

This article is for those who would like to learn about Return On Equity (ROE). … That means that for every €1 worth of shareholders' equity, it generated €0.13 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Does The AS Company S.A. (ATH:ASCO) Share Price Fall With The Market?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Does AS Company S.A.'s (ATH:ASCO) P/E Ratio Signal A Buying Opportunity?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll look at AS Company S.A.'s (ATH:ASCO) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Understanding Your Return On Investment In AS Company SA (ATH:ASCO)

This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … Thus, to understand how your money can grow by investing in AS, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE) … AS's Return On Capital Employed

Simply Wall St -

How Does AS Company SA's (ATH:ASCO) Earnings Growth Stack Up Against Industry Performance?

Did ASCO's recent earnings growth beat the long-term trend and the industry. … ASCO's trailing twelve-month earnings (from 30 June 2018) of €3.7m has. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 32%, indicating the rate at which ASCO is growing has slowed down

Simply Wall St -

Is AS Company SA (ATH:ASCO) A Top Dividend Stock?

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Historically, AS Company SA (ATH:ASCO) has paid a dividend to shareholders. … How I analyze a dividend stock

Simply Wall St -

Do Directors Own AS Company SA (ATH:ASCO) Shares?

A look at the shareholders of AS Company SA (ATH:ASCO) can tell us which group is most powerful. … So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … Our analysis of the ownership of the company, below, shows that.

Simply Wall St -

Company Info

Description

AS Company S.A. manufactures, imports, and markets toys for various ages in Greece. The company offers approximately 1,500 toy codes in the bebe, school, preschool, table, puzzle, seasonal, sports, stuffed, electronics, computer, outdoor, and wagon categories. It also sells its products through online. The company was founded in 1990 and is based in Thessaloniki, Greece.

Details
Name: AS Company S.A.
ASCO
Exchange: ATSE
Founded: 1990
€35,965,294
13,126,020
Website: http://www.ascompany.gr
Address: AS Company S.A.
Ionia Street,
Oraiokastro,
Thessaloniki,
570 13,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ATSE ASCO Ordinary Shares The Athens Stock Exchange GR EUR 13. Oct 2000
LSE 0RIB Ordinary Shares London Stock Exchange GB EUR 13. Oct 2000
ATSE ASCO EUR0.68 The Athens Stock Exchange GR EUR 23. Apr 2019
Number of employees
Current staff
Staff numbers
0
AS employees.
Industry
Leisure Products
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 20:38
End of day share price update: 2019/04/23 00:00
Last earnings filing: 2018/09/28
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.