ATSE:MIN

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J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing

Executive Summary

J. & B. Ladenis Bros S.A. - Minerva - Knitwear Manufacturing Company manufactures and trades underwear, sleepwear, and other products in Greece and internationally.


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

Share Price & News

How has J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MIN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-9.4%

MIN

-2.6%

GR Luxury

-3.7%

GR Market


1 Year Return

-14.8%

MIN

-8.7%

GR Luxury

-22.9%

GR Market

Return vs Industry: MIN underperformed the Greek Luxury industry which returned -8.7% over the past year.

Return vs Market: MIN exceeded the Greek Market which returned -22.9% over the past year.


Shareholder returns

MINIndustryMarket
7 Day-9.4%-2.6%-3.7%
30 Day-32.0%5.4%-1.6%
90 Day-41.3%11.4%3.9%
1 Year-14.8%-14.8%-7.2%-8.7%-19.9%-22.9%
3 Year-42.2%-42.2%54.7%45.9%-17.4%-24.4%
5 Year-7.3%-7.3%85.8%63.8%-68.7%-70.0%

Price Volatility Vs. Market

How volatile is J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing undervalued compared to its fair value and its price relative to the market?

0.38x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: MIN (€0.23) is trading above our estimate of fair value (€0)

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


Price To Earnings Ratio

PE vs Industry: MIN is unprofitable, so we can't compare its PE Ratio to the XE Luxury industry average.

PE vs Market: MIN is unprofitable, so we can't compare its PE Ratio to the Greek market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MIN's PB Ratio (0.4x) is in line with the GR Luxury industry average.


Next Steps

Future Growth

How is J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.4%

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 J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing 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 J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing performed over the past 5 years?

47.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MIN is currently unprofitable.

Growing Profit Margin: MIN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MIN is unprofitable, but has reduced losses over the past 5 years at a rate of 47.8% per year.

Accelerating Growth: Unable to compare MIN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MIN is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (-16.8%).


Return on Equity

High ROE: MIN has a negative Return on Equity (-7.62%), as it is currently unprofitable.


Next Steps

Financial Health

How is J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing's financial position?


Financial Position Analysis

Short Term Liabilities: MIN's short term assets (€13.4M) exceed its short term liabilities (€7.4M).

Long Term Liabilities: MIN's short term assets (€13.4M) do not cover its long term liabilities (€15.9M).


Debt to Equity History and Analysis

Debt Level: MIN's debt to equity ratio (404.2%) is considered high.

Reducing Debt: MIN's debt to equity ratio has increased from 209.5% to 404.2% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable MIN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: MIN is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 27.3% per year.


Next Steps

Dividend

What is J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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


Next Steps

Management

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


CEO

Ladeni-Filippou Eleni

no data

Tenure

Ms. Ladeni-Filippou Eleni serves as Chief Executive Officer, Managing Director and Executive Director of J. & B. Ladenis Bros SA MINERVA Knitwear Manufacturing Company (also known as Minerva Knitwear S.A.) ...


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

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


Top Shareholders

Company Information

J. & B. Ladenis Bros S.A. - Minerva - Knitwear Manufacturing Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: J. & B. Ladenis Bros S.A. - Minerva - Knitwear Manufacturing Company
  • Ticker: MIN
  • Exchange: ATSE
  • Founded: 1942
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: €1.426m
  • Shares outstanding: 6.20m
  • Website: https://www.minerva.gr

Number of Employees


Location

  • J. & B. Ladenis Bros S.A. - Minerva - Knitwear Manufacturing Company
  • 6th klm Thessaloniki - Oraiokastro
  • Thessaloniki
  • 564 29
  • Greece

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MINATSE (The Athens Stock Exchange)YesRegistered SharesGREURApr 1995

Biography

J. & B. Ladenis Bros S.A. - Minerva - Knitwear Manufacturing Company manufactures and trades underwear, sleepwear, and other products in Greece and internationally. The company offers men’s, women’s, and children’s sleep body-suits-pyjamas for summer and winter; home-wear clothes for winter; beachwear for the summer; and blouses, T-shirts, teenage, and unisex products. It also provides women’s body-suits, brassieres, and lingerie, as well as men socks. The company distributes its products under the trademarks of MINERVA FORWARD, MINERVA UNDERWORLD, MINERVA FIMELLE, MINERVAKIA, MINERVA BOXER, MINERVA SPORTIES, MINERVA CLASSIC, MINERVA TEEN, MINERVA PYJAMAS, MINERVA SEAMLESS, MINERVA LADY LINE, MINERVA GOSSIP, MINERVA GOSSIP ON THE BEACH, and MINERVA MEN GEAR. In addition, it operates stores. The company was founded in 1942 and is based in Thessaloniki, Greece. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/13 21:07
End of Day Share Price2020/07/13 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.