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Folli-Follie Commercial Manufacturing and Technical Societe Anonyme

ATSE:FFGRP
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FFGRP
ATSE
€318M
Market Cap
  1. Home
  2. GR
  3. Consumer Durables
Company description

Folli-Follie Commercial Manufacturing and Technical Societe Anonyme operates in the fields of jewelry, department stores, and apparel and footwear in Greece and internationally. The last earnings update was 241 days ago. More info.


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FFGRP Share Price and Events
7 Day Returns
0%
ATSE:FFGRP
-0.2%
GR Luxury
-5.1%
GR Market
1 Year Returns
-75.3%
ATSE:FFGRP
-73.4%
GR Luxury
-20.6%
GR Market
FFGRP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Folli-Follie Commercial Manufacturing and Technical Societe Anonyme (FFGRP) 0% 0% 0% -75.3% -70.6% -79.7%
GR Luxury -0.2% 0.8% -0.2% -73.4% -68.2% -78.1%
GR Market -5.1% 1.2% -11.2% -20.6% -8% -62.7%
1 Year Return vs Industry and Market
  • FFGRP underperformed the Luxury industry which returned -73.4% over the past year.
  • FFGRP underperformed the Market in Greece which returned -20.6% over the past year.
Price Volatility
FFGRP
Industry
5yr Volatility vs Market

Value

 Is Folli-Follie Commercial Manufacturing and Technical Societe Anonyme 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
  • It is not possible to calculate the future cash flow value for Folli-Follie Commercial Manufacturing and Technical Societe Anonyme. This is due to cash flow or dividend data being unavailable. The share price is €4.8.
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 Folli-Follie Commercial Manufacturing and Technical Societe Anonyme's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Folli-Follie Commercial Manufacturing and Technical Societe Anonyme's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ATSE:FFGRP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2017-12-31) in EUR €3.19
ATSE:FFGRP Share Price ** ATSE (2018-09-25) in EUR €4.8
Europe Luxury Industry PE Ratio Median Figure of 66 Publicly-Listed Luxury Companies 15.94x
Greece Market PE Ratio Median Figure of 93 Publicly-Listed Companies 12.24x

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

** Primary Listing of Folli-Follie Commercial Manufacturing and Technical Societe Anonyme.

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

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

= 4.8 ÷ 3.19

1.5x

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

  • Folli-Follie Commercial Manufacturing and Technical Societe Anonyme is good value based on earnings compared to the Europe Luxury industry average.
  • Folli-Follie Commercial Manufacturing and Technical Societe Anonyme is good value based on earnings compared to the Greece market.
Price based on expected Growth
Does Folli-Follie Commercial Manufacturing and Technical Societe Anonyme's expected growth come at a high price?
Raw Data
ATSE:FFGRP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 1.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Luxury Industry PEG Ratio Median Figure of 41 Publicly-Listed Luxury Companies 1.68x
Greece Market PEG Ratio Median Figure of 18 Publicly-Listed Companies 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 Folli-Follie Commercial Manufacturing and Technical Societe Anonyme, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Folli-Follie Commercial Manufacturing and Technical Societe Anonyme's assets?
Raw Data
ATSE:FFGRP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2017-12-31) in EUR €28.37
ATSE:FFGRP Share Price * ATSE (2018-09-25) in EUR €4.8
Greece Luxury Industry PB Ratio Median Figure of 7 Publicly-Listed Luxury Companies 0.33x
Greece Market PB Ratio Median Figure of 138 Publicly-Listed Companies 0.74x
ATSE:FFGRP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 4.8 ÷ 28.37

0.17x

* Primary Listing of Folli-Follie Commercial Manufacturing and Technical Societe Anonyme.

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

  • Folli-Follie Commercial Manufacturing and Technical Societe Anonyme is good value based on assets compared to the GR Luxury industry average.
X
Value checks
We assess Folli-Follie Commercial Manufacturing and Technical Societe Anonyme'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 Luxury 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 Luxury industry average (and greater than 0)? (1 check)
  5. Folli-Follie Commercial Manufacturing and Technical Societe Anonyme has a total score of 3/6, 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 Folli-Follie Commercial Manufacturing and Technical Societe Anonyme expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Folli-Follie Commercial Manufacturing and Technical Societe Anonyme 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
9.1%
Expected Luxury industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Folli-Follie Commercial Manufacturing and Technical Societe Anonyme expected to grow at an attractive rate?
  • Unable to compare Folli-Follie Commercial Manufacturing and Technical Societe Anonyme's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Folli-Follie Commercial Manufacturing and Technical Societe Anonyme's earnings growth to the Greece market average as no estimate data is available.
  • Unable to compare Folli-Follie Commercial Manufacturing and Technical Societe Anonyme's revenue growth to the Greece market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ATSE:FFGRP Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Luxury Industry Earnings Growth Rate Market Cap Weighted Average 9.1%
Europe Luxury Industry Revenue Growth Rate Market Cap Weighted Average 7.2%
Greece Market Earnings Growth Rate Market Cap Weighted Average 15.6%
Greece Market Revenue Growth Rate Market Cap Weighted Average 6.2%

*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:FFGRP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (11 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:FFGRP Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
ATSE:FFGRP Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2017-12-31 1,419 -21 212
2017-09-30 1,422 -7 245
2017-06-30 1,408 -9 240
2017-03-31 1,362 64 233
2016-12-31 1,337 140 222
2016-09-30 1,274 91 190
2016-06-30 1,251 54 207
2016-03-31 1,218 60 191
2015-12-31 1,193 58 183
2015-09-30 1,150 48 150
2015-06-30 1,113 118 148
2015-03-31 1,039 80 137

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Folli-Follie Commercial Manufacturing and Technical Societe Anonyme is high growth as no earnings estimate data is available.
  • Unable to determine if Folli-Follie Commercial Manufacturing and Technical Societe Anonyme 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:FFGRP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (11 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Folli-Follie Commercial Manufacturing and Technical Societe Anonyme Company Filings, last reported 11 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ATSE:FFGRP Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
ATSE:FFGRP Past Financials Data
Date (Data in EUR Millions) EPS *
2017-12-31 3.19
2017-09-30 3.70
2017-06-30 3.61
2017-03-31 3.51
2016-12-31 3.35
2016-09-30 2.87
2016-06-30 3.11
2016-03-31 2.88
2015-12-31 2.74
2015-09-30 2.26
2015-06-30 2.23
2015-03-31 2.06

*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 Folli-Follie Commercial Manufacturing and Technical Societe Anonyme will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Folli-Follie Commercial Manufacturing and Technical Societe Anonyme is trading at Folli-Follie Commercial Manufacturing and Technical Societe Anonyme'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Folli-Follie Commercial Manufacturing and Technical Societe Anonyme's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Durables companies here
  3. Folli-Follie Commercial Manufacturing and Technical Societe Anonyme's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Folli-Follie Commercial Manufacturing and Technical Societe Anonyme'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.
Folli-Follie Commercial Manufacturing and Technical Societe Anonyme has a total score of 0/6, 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 Folli-Follie Commercial Manufacturing and Technical Societe Anonyme performed over the past 5 years?

  • Folli-Follie Commercial Manufacturing and Technical Societe Anonyme's last earnings update was 241 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 Folli-Follie Commercial Manufacturing and Technical Societe Anonyme's growth in the last year to its industry (Luxury).
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.
  • Folli-Follie Commercial Manufacturing and Technical Societe Anonyme's year on year earnings growth rate has been positive over the past 5 years.
  • Folli-Follie Commercial Manufacturing and Technical Societe Anonyme's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Folli-Follie Commercial Manufacturing and Technical Societe Anonyme's 1-year earnings growth is negative, it can't be compared to the Europe Luxury industry average.
Earnings and Revenue History
Folli-Follie Commercial Manufacturing and Technical Societe Anonyme'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 Folli-Follie Commercial Manufacturing and Technical Societe Anonyme Company Filings, last reported 11 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ATSE:FFGRP Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2017-12-31 1,419.27 212.01 351.60
2017-09-30 1,421.66 245.38 360.12
2017-06-30 1,407.81 239.65 353.26
2017-03-31 1,361.55 233.09 343.76
2016-12-31 1,337.28 222.47 341.80
2016-09-30 1,273.78 190.46 330.88
2016-06-30 1,251.45 206.81 333.77
2016-03-31 1,218.09 191.31 334.72
2015-12-31 1,193.04 182.64 332.83
2015-09-30 1,149.56 150.17 333.43
2015-06-30 1,113.31 148.44 320.76
2015-03-31 1,038.70 137.40 308.17
2014-12-31 998.06 141.20 291.53
2014-09-30 973.33 155.43 275.43
2014-06-30 932.07 166.46 272.76
2014-03-31 910.32 351.76 278.37
2013-12-31 887.41 340.14 275.96
2013-09-30 846.96 272.86 286.14
2013-06-30 827.17 237.25 292.35
2013-03-31 825.63 34.03 293.85
2012-12-31 809.73 24.07 298.61
2012-09-30 846.75 39.23 320.87
2012-06-30 949.54 66.71 333.19
2012-03-31 991.37 83.31 344.83
2011-12-31 1,021.42 89.52 354.24

*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.
  • Folli-Follie Commercial Manufacturing and Technical Societe Anonyme has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Folli-Follie Commercial Manufacturing and Technical Societe Anonyme used its assets more efficiently than the Europe Luxury industry average last year based on Return on Assets.
  • Folli-Follie Commercial Manufacturing and Technical Societe Anonyme's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Folli-Follie Commercial Manufacturing and Technical Societe Anonyme'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 Luxury 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.
Folli-Follie Commercial Manufacturing and Technical Societe Anonyme has a total score of 2/6, 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 Folli-Follie Commercial Manufacturing and Technical Societe Anonyme'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 Folli-Follie Commercial Manufacturing and Technical Societe Anonyme's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Folli-Follie Commercial Manufacturing and Technical Societe Anonyme is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Folli-Follie Commercial Manufacturing and Technical Societe Anonyme's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Folli-Follie Commercial Manufacturing and Technical Societe Anonyme'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 3.4x 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 Folli-Follie Commercial Manufacturing and Technical Societe Anonyme Company Filings, last reported 11 months ago.

ATSE:FFGRP Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2017-12-31 1,919.23 612.74 465.92
2017-09-30 1,878.14 535.14 349.08
2017-06-30 1,916.89 530.03 330.60
2017-03-31 1,947.76 485.90 318.29
2016-12-31 1,884.36 434.26 343.89
2016-09-30 1,680.61 370.95 255.38
2016-06-30 1,671.96 359.36 249.69
2016-03-31 1,589.48 381.43 245.40
2015-12-31 1,605.69 377.68 264.19
2015-09-30 1,483.53 343.52 244.49
2015-06-30 1,492.46 351.18 302.09
2015-03-31 1,528.36 359.65 305.96
2014-12-31 1,360.86 352.83 297.18
2014-09-30 1,280.05 332.50 292.88
2014-06-30 1,208.52 193.70 193.83
2014-03-31 1,208.08 223.65 229.80
2013-12-31 1,183.43 232.18 251.60
2013-09-30 1,111.43 251.04 118.48
2013-06-30 1,088.65 270.65 122.93
2013-03-31 889.95 763.71 123.90
2012-12-31 825.95 770.29 126.52
2012-09-30 828.55 757.81 148.81
2012-06-30 811.75 770.54 117.25
2012-03-31 741.09 765.26 114.46
2011-12-31 739.75 769.02 135.57
  • Folli-Follie Commercial Manufacturing and Technical Societe Anonyme's level of debt (31.9%) 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 (93.2% vs 31.9% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 16.8x coverage).
X
Financial health checks
We assess Folli-Follie Commercial Manufacturing and Technical Societe Anonyme'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. Folli-Follie Commercial Manufacturing and Technical Societe Anonyme has a total score of 5/6, 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 Folli-Follie Commercial Manufacturing and Technical Societe Anonyme'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
0%
Current annual income from Folli-Follie Commercial Manufacturing and Technical Societe Anonyme dividends.
If you bought €2,000 of Folli-Follie Commercial Manufacturing and Technical Societe Anonyme shares you are expected to receive €0 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?
  • Unable to evaluate Folli-Follie Commercial Manufacturing and Technical Societe Anonyme's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Folli-Follie Commercial Manufacturing and Technical Societe Anonyme's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:FFGRP 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 Luxury Industry Average Dividend Yield Market Cap Weighted Average of 53 Stocks 1.9%
Greece Market Average Dividend Yield Market Cap Weighted Average of 50 Stocks 5.1%
Greece Minimum Threshold Dividend Yield 10th Percentile 1.4%
Greece Bottom 25% Dividend Yield 25th Percentile 1.8%
Greece Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

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

ATSE:FFGRP Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
ATSE:FFGRP Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2011-08-29 0.000 0.000
2011-05-25 0.000 0.000
2011-01-07 0.120 0.900

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

  • Unable to perform a dividend volatility check as Folli-Follie Commercial Manufacturing and Technical Societe Anonyme has not reported any payouts.
  • Unable to verify if Folli-Follie Commercial Manufacturing and Technical Societe Anonyme's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Folli-Follie Commercial Manufacturing and Technical Societe Anonyme's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Folli-Follie Commercial Manufacturing and Technical Societe Anonyme 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 Folli-Follie Commercial Manufacturing and Technical Societe Anonyme's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - 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 Folli-Follie Commercial Manufacturing and Technical Societe Anonyme afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Folli-Follie Commercial Manufacturing and Technical Societe Anonyme has a total score of 0/6, 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 Folli-Follie Commercial Manufacturing and Technical Societe Anonyme'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
George Koutsolioutsos
AGE 50
TENURE AS CEO 7.9 years
CEO Bio

Mr. Georgios D. Koutsolioutsos, also known as George, has been Chief Executive Officer and Executive Director of Folli-Follie Commercial Manufacturing and Technical Societe Anonyme (formerly, Folli Follie S.A. Commercial Industrial and Technical Company) since January 2011 and was its Managing Director. Since 1994, Mr. Koutsolioutsos is supervising and managing Folli-Follie's local and international distribution. Mr. Koutsolioutsos has extensive knowledge of business operations in the Asian markets. He has significant experience in the management and operations of public companies. He served as Vice President of Folli Follie. Mr. Koutsolioutsos served as the President and Co-Chairman of Seanergy Maritime Holdings Corp. (also known as Seanergy Maritime Corp.) from August 15, 2006 to May 19, 2008 and also served as its Chairman from May 20, 2008 to July 20, 2010. He started his career in 1992 with Folli Follie. His work experience started in New York where he spent two years in the jewellery sector. He served as the Chairman of Hellenic Duty Free Shops S.A. (HDFS) from May 2006 to January 19, 2011. He served as the Chairman of Elmec Sport SA. He served as Chairman of the Board at Folli Follie. He serves as a Director of Folli Follie Japan, Ltd. He was a Director of Dufry AG since April 29, 2014 until June 22, 2018. He served as a Director of Hellenic Duty Free Shops S.A. since 1999. In 2003, Mr. Koutsolioutsos was awarded Manager of the Year in Greece. Mr. Koutsolioutsos holds Degree in Economics at the University of Hartford, Hartford, USA/Paris. He holds postgraduate degrees in Business Management and Marketing from the University of Hartford, Connecticut, USA. He is a graduate of the Italian School Athens.

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

Average tenure of the Folli-Follie Commercial Manufacturing and Technical Societe Anonyme management team in years:

7.9
Average Tenure
  • The average tenure for the Folli-Follie Commercial Manufacturing and Technical Societe Anonyme management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

George Koutsolioutsos

TITLE
CEO & Executive Director
AGE
50
TENURE
7.9 yrs

Fragiskos Gratsonis

TITLE
Chief Financial Officer

George Alavanos

TITLE
Chief Accountant
AGE
61
TENURE
24.9 yrs

Madalena Kasidiaropoulou

TITLE
Head of Investor Relations
TENURE
7.9 yrs

Narkissos Georgiadis

TITLE
Deputy CEO & Executive Director
TENURE
0.9 yrs
Board of Directors Tenure

Average tenure of the Folli-Follie Commercial Manufacturing and Technical Societe Anonyme board of directors in years:

0.9
Average Tenure
  • The average tenure for the Folli-Follie Commercial Manufacturing and Technical Societe Anonyme board of directors is less than 3 years, this suggests a new board.
Board of Directors

Nicolas Kanellopoulos

TITLE
Chairman
TENURE
0.9 yrs

George Koutsolioutsos

TITLE
CEO & Executive Director
AGE
50

Narkissos Georgiadis

TITLE
Deputy CEO & Executive Director
TENURE
0.9 yrs

Ilias Pentazos

TITLE
Independent Non-Executive Director
TENURE
0.5 yrs

Georgios Kyriakos

TITLE
Non-Executive Director
AGE
57
TENURE
0.5 yrs

Panayotis Alexakis

TITLE
Independent Non-Executive Director
TENURE
0.5 yrs

Konstantinos Kefalogiannis

TITLE
Non-Executive Director
TENURE
0.9 yrs

Periklis Dontas

TITLE
Non-Executive Director
TENURE
0.9 yrs

Konstantinos Aggelopoulos

TITLE
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 Folli-Follie Commercial Manufacturing and Technical Societe Anonyme'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. Folli-Follie Commercial Manufacturing and Technical Societe Anonyme 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

External News
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Simply Wall St News

At €4.80, Is It Time To Buy Folli-Follie Commercial Manufacturing and Technical Societe Anonyme (ATH:FFGRP)?

Folli-Follie Commercial Manufacturing and Technical Societe Anonyme (ATH:FFGRP), a specialty retail company based in Greece,. … A question to answer is whether Folli-Follie Commercial Manufacturing and Technical Societe Anonyme's current trading price of €4.8 reflective of the actual value of the? … Let’s take a look at Folli-Follie Commercial Manufacturing and Technical Societe Anonyme’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

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Should You Be Holding Folli-Follie Commercial Manufacturing and Technical Societe Anonyme (ATH:FFGRP)?

Today I've chosen to put the spotlight on Folli-Follie Commercial Manufacturing and Technical Societe Anonyme (ATH:FFGRP) due to its excellent fundamentals in more than one area. … report on Folli-Follie Commercial Manufacturing and Technical Societe Anonyme here … Very undervalued with excellent balance sheet

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Who Are The Top Investors In Folli-Follie Commercial Manufacturing and Technical Societe Anonyme (ATH:FFGRP)?

I am going to take a deep dive into Folli-Follie Commercial Manufacturing and Technical Societe Anonyme’s (ATH:FFGRP) most recent ownership structure, not a frequent subject of discussion among individual investors. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … View out our latest analysis for Folli-Follie Commercial Manufacturing and Technical Societe Anonyme

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Is It Time To Sell Folli-Follie Commercial Manufacturing and Technical Societe Anonyme (ATH:FFGRP) Based Off Its PE Ratio?

FFGRP is priced at a depressed multiple of 1.5x based on its prior year’s earnings,. … This is because multiples like PE tend to overlook key company-specific factors such as future growth and capital structure … To resolve this problem, I’ll identify some important factors to consider when judging the relative valuation of

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With A -4.70% Earnings Drop, Did Folli-Follie Commercial Manufacturing and Technical Societe Anonyme (ATH:FFGRP) Really Underperform?

Assessing Folli-Follie Commercial Manufacturing and Technical Societe Anonyme's (ATH:FFGRP) past track record of performance is an insightful exercise for investors. … Today I will assess FFGRP's recent performance announced on 31 December 2017 and evaluate these figures to its long-term trend and industry movements. … View out our latest analysis for Folli-Follie Commercial Manufacturing and Technical Societe Anonyme?

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Can Folli-Follie Commercial Manufacturing and Technical Societe Anonyme's (ATSE:FFGRP) ROE Continue To Surpass The Industry Average?

and want to begin learning the link between Folli-Follie Commercial Manufacturing and Technical Societe Anonyme (ATSE:FFGRP)’s return fundamentals and stock market performance. … With an ROE of 11.30%, Folli-Follie Commercial Manufacturing and Technical Societe Anonyme (ATSE:FFGRP) outpaced its own industry which delivered a less exciting 6.05% over the past year. … Return on Equity (ROE) weighs Folli-Follie Commercial Manufacturing and Technical Societe Anonyme’s profit against the level of its shareholders’ equity.

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With A -4.70% Earnings Drop, Did Folli-Follie Commercial Manufacturing and Technical Societe Anonyme (ATH:FFGRP) Really Underperform?

After looking at Folli-Follie Commercial Manufacturing and Technical Societe Anonyme's (ATSE:FFGRP) latest earnings announcement (31 December 2017), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … Check out our latest analysis for Folli-Follie Commercial Manufacturing and Technical Societe Anonyme Was FFGRP's weak performance lately a part of a long-term decline? … For Folli-Follie Commercial Manufacturing and Technical Societe Anonyme, its latest trailing-twelve-month earnings is €212.01M, which, relative to the previous year's figure, has plunged by -4.70%.

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Is It Time To Buy Folli-Follie Commercial Manufacturing and Technical Societe Anonyme (ATH:FFGRP)?

Folli-Follie Commercial Manufacturing and Technical Societe Anonyme (ATSE:FFGRP), a specialty retail company based in Greece, saw significant share price volatility over the past couple of months on the ATSE, rising to the highs of €18.48 and falling to the lows of €7.52. … Great news for investors – Folli-Follie Commercial Manufacturing and Technical Societe Anonyme is still trading at a fairly cheap price. … What’s more interesting is that, Folli-Follie Commercial Manufacturing and Technical Societe Anonyme’s share price is quite volatile, which gives us more chances to buy since the share price could sink lower (or rise higher) in the future.

Simply Wall St -

Folli-Follie Commercial Manufacturing and Technical Societe Anonyme (ATH:FFGRP): What The Forecasts Are Telling Us

To help investors get a top level understanding, this article will interpret Folli-Follie Commercial Manufacturing and Technical Societe Anonyme's margin performance to assist in analysing the revenue and cost anatomy behind the earnings expectations for the future and the impact it has on shareholder returns relative to the wider industry. … See our latest analysis for Folli-Follie Commercial Manufacturing and Technical Societe Anonyme A closer look at FFGRP's profit margin In general, the value that accrues to equity holders is partly reliant on the ability of a company to convert sales revenue in to earnings. … Margin Calculation for FFGRP Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 245.38 Million ÷ 1.42 Billion = 17.26% Folli-Follie Commercial Manufacturing and Technical Societe Anonyme's margin has expanded in the past five years, due to a 14.94% average growth in net income exceeding 7.65% in average revenue growth, which means that the previous increase in revenue has coincided with a larger portion falling to the bottom line.

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What does Folli-Follie Commercial Manufacturing and Technical Societe Anonyme's (ATH:FFGRP) Balance Sheet Tell Us About Its Future?

With this growth in debt, the current cash and short-term investment levels stands at €343.89M for investing into the business. … On top of this, FFGRP has generated cash from operations of €140.11M during the same period of time, leading to an operating cash to total debt ratio of 32.26%, meaning that FFGRP’s debt is appropriately covered by operating cash. … For FFGRP, the ratio of 22.62x suggests that interest is comfortably covered, which means that lenders may be inclined to lend more money to the company, as it is seen as safe in terms of payback.Next Steps: FFGRP’s high cash coverage and appropriate debt levels indicate its ability to utilise its borrowings efficiently in order to generate ample cash flow.

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Company Info

Map
Description

Folli-Follie Commercial Manufacturing and Technical Societe Anonyme operates in the fields of jewelry, department stores, and apparel and footwear in Greece and internationally. The company operates through Jewellery - Watches – Accessories; Department Stores; and Retail – Wholesale segments. It designs, manufactures, processes, and markets jewelry; watches; and other fashion accessories, including handbags, bags, belts, pashminas, sunglasses, small leather goods, etc. The company is also involved in the wholesale and retail of products under the Folli Follie brand name in Europe, the Middle East, Africa, and North America; and wholesale of products at selected outlets internationally. In addition, it operates five department stores under the attica brand name; and two discount department stores under the Factory Outlet brand name. Further, the company engages in the wholesale of clothing, shoes, accessories, and fragrancies, such as sports apparel and footwear, as well as general active wear and street wear collections with interest in apparel, footwear, fashion accessories, kids clothing, footwear and fashion accessories, children's clothing, travel goods, and perfumes; and retail sale of footwear, clothing accessories for mono-brand and multi-brand retail apparel, footwear accessories, and perfumes. Folli-Follie Commercial Manufacturing and Technical Societe Anonyme was founded in 1982 and is headquartered in Athens, Greece.

Details
Name: Folli-Follie Commercial Manufacturing and Technical Societe Anonyme
FFGRP
Exchange: ATSE
Founded: 1982
€318,379,809
66,329,127
Website: http://www.ffgroup.com
Address: Folli-Follie Commercial Manufacturing and Technical Societe Anonyme
23rd km. Athens - Lamia National Road,
Agios Stefanos,
Athens,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ATSE FFGRP Ordinary Shares The Athens Stock Exchange GR EUR 07. Jan 2011
DB 36D Ordinary Shares Deutsche Boerse AG DE EUR 07. Jan 2011
OTCPK FLLI.Y ADR Pink Sheets LLC US USD 11. Apr 2013
OTCPK FLLI.F REG SHS Pink Sheets LLC US USD 16. Feb 2007
Number of employees
Current staff
Staff numbers
5,079
Folli-Follie Commercial Manufacturing and Technical Societe Anonyme employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/23 22:11
End of day share price update: 2018/09/25 00:00
Last estimates confirmation: 2018/04/26
Last earnings filing: 2018/04/26
Last earnings reported: 2017/12/31
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.