ATSE:ELBE

Stock Analysis Report

Executive Summary

Elve S.A. produces and sells uniforms, corporate clothing, accessories, and personal protective equipment in France and internationally.


Snowflake Analysis

Flawless balance sheet with proven track record.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

ELBE

1.1%

GR Luxury

1.4%

GR Market


1 Year Return

20.3%

ELBE

40.7%

GR Luxury

41.7%

GR Market

Return vs Industry: ELBE underperformed the Greek Luxury industry which returned 41.9% over the past year.

Return vs Market: ELBE underperformed the Greek Market which returned 41.1% over the past year.


Shareholder returns

ELBEIndustryMarket
7 Day0%1.1%1.4%
30 Day-0.5%3.4%2.0%
90 Day0%15.4%6.4%
1 Year26.9%20.3%42.4%40.7%47.8%41.7%
3 Year193.2%136.8%250.4%231.4%54.3%39.7%
5 Year301.1%137.0%91.0%79.1%-77.1%-77.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

17.9x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ELBE (€4.38) is trading above our estimate of fair value (€1.56)

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


Price To Earnings Ratio

PE vs Industry: ELBE is good value based on its PE Ratio (17.9x) compared to the Luxury industry average (28.7x).

PE vs Market: ELBE is poor value based on its PE Ratio (17.9x) compared to the Greek market (17x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ELBE is overvalued based on its PB Ratio (0.8x) compared to the GR Luxury industry average (0.6x).


Next Steps

Future Growth

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

11.1%

Forecasted Consumer Durables 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 Elve 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 Elve performed over the past 5 years?

68.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ELBE has high quality earnings.

Growing Profit Margin: ELBE's current net profit margins (3.1%) are higher than last year (1.9%).


Past Earnings Growth Analysis

Earnings Trend: ELBE has become profitable over the past 5 years, growing earnings by 68.6% per year.

Accelerating Growth: ELBE's earnings growth over the past year (57.6%) is below its 5-year average (68.6% per year).

Earnings vs Industry: ELBE earnings growth over the past year (57.6%) exceeded the Luxury industry -2.5%.


Return on Equity

High ROE: ELBE's Return on Equity (2.2%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Elve's financial position?


Financial Position Analysis

Short Term Liabilities: ELBE's short term assets (€17.8M) exceed its short term liabilities (€10.9M).

Long Term Liabilities: ELBE's short term assets (€17.8M) exceed its long term liabilities (€6.9M).


Debt to Equity History and Analysis

Debt Level: ELBE's debt to equity ratio (2.7%) is considered satisfactory.

Reducing Debt: ELBE's debt to equity ratio has reduced from 15.8% to 2.7% over the past 5 years.

Debt Coverage: ELBE's debt is well covered by operating cash flow (419.5%).

Interest Coverage: ELBE's interest payments on its debt are well covered by EBIT (3.4x coverage).


Balance Sheet

Inventory Level: ELBE has a high level of physical assets or inventory.

Debt Coverage by Assets: ELBE's debt is covered by short term assets (assets are 34.8x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%1.7%markettop25%3.5%industryaverage1.5%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate ELBE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ELBE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ELBE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: ELBE is not paying a notable dividend for the Greek market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ELBE's dividend in 3 years as they are not forecast to pay a notable one for the Greek market.


Next Steps

Management

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


CEO

Tilemachos Kitsikopoulos 0

0yrs

Tenure

0

Mr. Tilemachos P. Kitsikopoulos serves as an Executive Chairman of The Board of Directors and Chief Executive Officer of Elve S.A. and served as its President. 


Insider Trading

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.


Management Team

  • Tilemachos Kitsikopoulos

    Executive Chairman of the Board & CEO

    • Ronald Barkshire

      Executive Vice-Chairman of the Board

      • Tenure: 35yrs
    • Panagiotis Kogkalidis

      Chief Financial Officer


      Board Members

      • Tilemachos Kitsikopoulos

        Executive Chairman of the Board & CEO

        • Ronald Barkshire

          Executive Vice-Chairman of the Board

          • Tenure: 35yrs
        • Paschalis Kitsikopoulos

          Non-Executive Director

          • Aggelos Tsatsoulis

            Independent Non-Executive Director

            • Tenure: 9.6yrs
          • Foteini Papadimitriou (60yo)

            Non-Executive Director

            • Eleni Samara (60yo)

              Independent Non-Executive Director

              • Athanasia Papagaki (59yo)

                Independent Non-Executive Director

                Company Information

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


                Key Information

                • Name: Elve S.A.
                • Ticker: ELBE
                • Exchange: ATSE
                • Founded: 1971
                • Industry: Apparel, Accessories and Luxury Goods
                • Sector: Consumer Durables
                • Market Cap: €14.487m
                • Shares outstanding: 3.31m
                • Website: https://www.elvesa.gr

                Location

                • Elve S.A.
                • N. Peramos
                • Agios Andreas
                • Kavala
                • 640 07
                • Greece

                Listings

                TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
                ELBEATSE (The Athens Stock Exchange)YesOrdinary SharesGREURJul 1995
                0RI4LSE (London Stock Exchange)YesOrdinary SharesGBEURJul 1995

                Biography

                Elve S.A. produces and sells uniforms, corporate clothing, accessories, and personal protective equipment in France and internationally. It offers formal company clothes for museums, banks, casinos, hotels, and others; and shirts or polo shirts for sales or customer service employees in electronic and telecommunication chain stores. The company also provides safety work wear and personal protective clothing, such as overalls, reflective, flames, retardants, waterproof, and protective footwear, as well as accessories that include clothing kitbags, isothermic, anaclastic garments, gloves, etc. In addition, it offers general uniform equipment and accessories, including bulletproofs, flaks, Boots, anaclastic garments, gloves, etc. for police and armed forces, or military. The company was founded in 1971 and is headquartered in Kavala, Greece. 


                Company Analysis and Financial Data Status

                All financial data provided by Standard & Poor's Capital IQ.
                DataLast Updated (UTC time)
                Company Analysis2020/01/22 20:47
                End of Day Share Price2020/01/21 00:00
                Earnings2019/06/30
                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.