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

ATSE:MIN
Snowflake Description

Mediocre balance sheet and overvalued.

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

J. & B. Ladenis Bros S.A. - Minerva - Knitwear Manufacturing Company manufactures and trades underwear, sleepwear, and other products in Greece and internationally. The last earnings update was 27 days ago. More info.


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MIN Share Price and Events
7 Day Returns
0%
ATSE:MIN
-0.1%
GR Luxury
-0%
GR Market
1 Year Returns
-11.5%
ATSE:MIN
-73.2%
GR Luxury
-9.8%
GR Market
MIN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing (MIN) 0% -1.7% 4.1% -11.5% 195% -59.8%
GR Luxury -0.1% -0.6% 0% -73.2% -67.8% -78%
GR Market -0% -6.1% 6.8% -9.8% 0.7% -61.8%
1 Year Return vs Industry and Market
  • MIN outperformed the Luxury industry which returned -73.2% over the past year.
  • MIN underperformed the Market in Greece which returned -9.8% over the past year.
Price Volatility
MIN
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing's competitors could be found in our database.

MIN Value

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

ATSE:MIN 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 34.9%
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:MIN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GR Govt Bond Rate 4.9%
Equity Risk Premium S&P Global 15%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.72 (1 + (1- 29%) (1409.88%))
5.639
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 4.93% + (2 * 14.99%)
34.91%

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

The calculations below outline how an intrinsic value for J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing 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:MIN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 34.91%)
2019 0.20 Est @ 54.37% 0.15
2020 0.28 Est @ 39.54% 0.15
2021 0.36 Est @ 29.16% 0.15
2022 0.43 Est @ 21.89% 0.13
2023 0.51 Est @ 16.8% 0.11
2024 0.57 Est @ 13.24% 0.10
2025 0.64 Est @ 10.75% 0.08
2026 0.69 Est @ 9% 0.06
2027 0.75 Est @ 7.78% 0.05
2028 0.80 Est @ 6.93% 0.04
Present value of next 10 years cash flows €1.01
ATSE:MIN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €0.80 × (1 + 4.93%) ÷ (34.91% – 4.93%)
€2.80
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €2.80 ÷ (1 + 34.91%)10
€0.14
ATSE:MIN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1.01 + €0.14
€1.15
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1.15 / 6.20
€0.19
ATSE:MIN Discount to Share Price
Calculation Result
Value per share (EUR) From above. €0.19
Current discount Discount to share price of €0.18
= -1 x (€0.18 - €0.19) / €0.19
4.9%

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

Current Discount
Amount off the current price J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing is available for.
Intrinsic value
5%
Share price is €0.177 vs Future cash flow value of €0.1862
Current Discount Checks
For J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing'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 J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ATSE:MIN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €-0.07
ATSE:MIN Share Price ** ATSE (2019-05-22) in EUR €0.18
Greece Luxury Industry PE Ratio Median Figure of 5 Publicly-Listed Luxury Companies 24.08x
Greece Market PE Ratio Median Figure of 97 Publicly-Listed Companies 15.31x

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

** Primary Listing of J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing.

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

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

= 0.18 ÷ -0.07

-2.7x

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

  • J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing is loss making, we can't compare its value to the GR Luxury industry average.
  • J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing is loss making, we can't compare the value of its earnings to the Greece market.
Price based on expected Growth
Does J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing's expected growth come at a high price?
Raw Data
ATSE:MIN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.7x
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 39 Publicly-Listed Luxury Companies 1.59x
Greece Market PEG Ratio Median Figure of 19 Publicly-Listed Companies 1.29x

*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 J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing's assets?
Raw Data
ATSE:MIN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €0.66
ATSE:MIN Share Price * ATSE (2019-05-22) in EUR €0.18
Greece Luxury Industry PB Ratio Median Figure of 7 Publicly-Listed Luxury Companies 0.3x
Greece Market PB Ratio Median Figure of 138 Publicly-Listed Companies 0.83x
ATSE:MIN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.18 ÷ 0.66

0.27x

* Primary Listing of J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing.

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

  • J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing is good value based on assets compared to the GR Luxury industry average.
X
Value checks
We assess J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing'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. J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing has a total score of 1/6, 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.

MIN Future Performance

 How is J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing 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 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 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
9.8%
Expected Luxury industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing expected to grow at an attractive rate?
  • Unable to compare J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing's earnings growth to the Greece market average as no estimate data is available.
  • Unable to compare J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing's revenue growth to the Greece market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ATSE:MIN Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Luxury Industry Earnings Growth Rate Market Cap Weighted Average 9.8%
Europe Luxury Industry Revenue Growth Rate Market Cap Weighted Average 7.2%
Greece Market Earnings Growth Rate Market Cap Weighted Average 16.8%
Greece Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*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:MIN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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:MIN Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 14 0 0
2018-09-30 14 0 -1
2018-06-30 14 0 -1
2018-03-31 14 0 0
2017-12-31 14 0 0
2017-09-30 14 0 0
2017-06-30 14 0 0
2017-03-31 14 0 0
2016-12-31 14 0 -1
2016-09-30 14 0 -1
2016-06-30 13 0 -1
2016-03-31 13 0 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing is high growth as no earnings estimate data is available.
  • Unable to determine if J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing 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:MIN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ATSE:MIN Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 -0.07
2018-09-30 -0.08
2018-06-30 -0.10
2018-03-31 -0.08
2017-12-31 -0.05
2017-09-30 -0.04
2017-06-30 -0.04
2017-03-31 -0.07
2016-12-31 -0.09
2016-09-30 -0.14
2016-06-30 -0.19
2016-03-31 -0.22

*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 J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing'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
  2. J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing'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.
J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing 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.

MIN Past Performance

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

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 J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing'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.
  • J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing's 1-year growth to the Europe Luxury industry average as it is not currently profitable.
Earnings and Revenue History
J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing'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 J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ATSE:MIN Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 13.84 -0.41 5.58
2018-09-30 13.97 -0.52 5.66
2018-06-30 14.11 -0.63 5.73
2018-03-31 14.29 -0.47 5.65
2017-12-31 14.46 -0.30 5.57
2017-09-30 14.38 -0.27 5.58
2017-06-30 14.30 -0.24 5.59
2017-03-31 14.28 -0.41 5.60
2016-12-31 14.25 -0.58 5.60
2016-09-30 14.38 -0.89 5.70
2016-06-30 13.32 -1.20 5.71
2016-03-31 13.11 -1.35 5.70
2015-12-31 12.76 -1.58 5.82
2015-09-30 12.37 -2.43 5.85
2015-06-30 12.46 -2.62 5.84
2015-03-31 12.47 -2.70 6.04
2014-12-31 12.30 -2.61 5.94
2014-09-30 12.08 -2.94 6.11
2014-06-30 11.98 -2.85 6.18
2014-03-31 11.52 -3.17 6.17
2013-12-31 11.65 -3.24 6.17
2013-09-30 11.24 -3.35 6.46
2013-06-30 11.47 -3.16 6.24
2013-03-31 11.43 -3.19 6.33
2012-12-31 11.94 -3.28 6.44
2012-09-30 12.32 -2.79 6.33
2012-06-30 13.32 -3.10 6.60

*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.
  • It is difficult to establish if J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing used its assets less efficiently than the GR Luxury industry average last year based on Return on Assets.
  • It is difficult to establish if J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing'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.
J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing has a total score of 0/6, 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.

MIN Health

 How is J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing'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 J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing'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 not covered by short term assets, assets are 0.8x 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 J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing Company Filings, last reported 4 months ago.

ATSE:MIN Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 4.09 15.47 0.21
2018-09-30 4.09 15.47 0.21
2018-06-30 3.90 15.42 0.20
2018-03-31 3.90 15.42 0.20
2017-12-31 4.61 15.60 0.27
2017-09-30 4.61 15.60 0.27
2017-06-30 4.65 15.24 0.12
2017-03-31 4.65 15.24 0.12
2016-12-31 4.94 15.30 0.24
2016-09-30 4.94 15.30 0.24
2016-06-30 4.91 14.91 0.11
2016-03-31 4.91 14.91 0.11
2015-12-31 5.53 15.08 0.24
2015-09-30 5.84 14.49 0.10
2015-06-30 6.12 14.77 0.15
2015-03-31 6.59 14.80 0.08
2014-12-31 7.13 14.91 0.17
2014-09-30 8.34 14.51 0.13
2014-06-30 8.83 14.61 0.19
2014-03-31 9.35 14.43 0.10
2013-12-31 9.81 14.34 0.26
2013-09-30 11.30 14.24 0.12
2013-06-30 11.68 14.40 0.13
2013-03-31 12.56 14.31 0.21
2012-12-31 13.08 14.29 0.49
2012-09-30 14.73 14.27 0.20
2012-06-30 14.95 14.72 0.19
  • J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing's level of debt (378.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (146.3% vs 378.1% today).
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.

  • Whilst loss making J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -41.8% per year.
X
Financial health checks
We assess J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing'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. J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing has a total score of 3/6, 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.

MIN Dividends

 What is J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing'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 J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing dividends.
If you bought €2,000 of J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing 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 J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing'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:MIN 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 52 Stocks 1.8%
Greece Market Average Dividend Yield Market Cap Weighted Average of 50 Stocks 4.4%
Greece Minimum Threshold Dividend Yield 10th Percentile 1.4%
Greece Bottom 25% Dividend Yield 25th Percentile 2.1%
Greece Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

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

ATSE:MIN Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2012-03-29 0.000 0.000
2011-11-28 0.000 0.000
2011-08-30 0.000 0.000
2011-08-29 0.000 0.000
2011-06-06 0.000 0.000
2011-04-13 0.000 0.000
2010-08-27 0.054 4.930
2010-04-06 0.060 4.689

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

  • Unable to perform a dividend volatility check as J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing has not reported any payouts.
  • Unable to verify if J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing 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 J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing'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 J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing 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.

MIN Management

 What is the CEO of J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing'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
Ladeni-Filippou Eleni
CEO Bio

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.). Ms. Eleni is responsible for the General Management of J. & B. Ladenis Bros SA MINERVA Knitwear Manufacturing. Ms. Eleni has been employed in J. & B. Ladenis Bros SA MINERVA Knitwear Manufacturing Company since 1971. She served as Chairman of ELETEN at J. & B. Ladenis Bros SA MINERVA Knitwear Manufacturing. She graduated with a Chemistry Degree from the University of Birmingham in England.

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

Ladeni-Filippou Eleni

TITLE
CEO, MD & Executive Director

Kourouveis Apostolou

TITLE
CFO & Executive Director
AGE
49

Siouggaris Ioannis

TITLE
General Director & Executive Director
AGE
61
Board of Directors

Anastasia Ladenis

TITLE
Chairman

Ladeni-Filippou Eleni

TITLE
CEO, MD & Executive Director

Ladenis Pavlos

TITLE
Vice Chairman
AGE
48

Kourouveis Apostolou

TITLE
CFO & Executive Director
AGE
49

Siouggaris Ioannis

TITLE
General Director & Executive Director
AGE
61

Theofilos Aslanidis

TITLE
Independent Non Executive Director

Athanasios Spanopoulos

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

MIN News

Simply Wall St News

Does J & B. Ladenis Bros SA MINERVA Knitwear Manufacturing Company (ATH:MIN) Have Enough Money Left To Grow?

Ladenis Bros SA MINERVA Knitwear Manufacturing is chipping away at its €119.00K cash reserves in order to run its business. … Ladenis Bros SA MINERVA Knitwear Manufacturing need to raise more cash. … Ladenis Bros SA MINERVA Knitwear Manufacturing’s operations and the company may need to come to market to raise more capital within the year.

Simply Wall St -

One Thing To Consider Before Buying J & B. Ladenis Bros SA MINERVA Knitwear Manufacturing Company (ATH:MIN)

Ladenis Bros SA MINERVA Knitwear Manufacturing Company’s (ATSE:MIN), or currently own the stock, then you need to understand its beta in order to understand how it can affect the risk of your portfolio. … A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … I test MIN’s ratio of fixed assets to total assets in order to determine how high the risk is associated with this type of constraint.

Simply Wall St -

How Financially Strong Is J & B. Ladenis Bros SA MINERVA Knitwear Manufacturing Company (ATH:MIN)?

MIN's debt level has been constant at around €15.30M over the previous year – this includes both the current and long-term debt. … At this current level of debt, the current cash and short-term investment levels stands at €240.00K , ready to deploy into the business. … With current liabilities at €19.10M, the company is not able to meet these obligations given the level of current assets of €13.83M, with a current ratio of 0.72x below the prudent level of 3x.

Simply Wall St -

Want To Invest In J & B. Ladenis Bros SA MINERVA Knitwear Manufacturing Company (ATH:MIN)? Here's How It Performed Lately

Ladenis Bros SA MINERVA Knitwear Manufacturing Company's (ATSE:MIN) most recent earnings update (30 June 2017) and compare these latest figures against its performance over the past few years, as well as how the rest of the luxury industry performed. … Ladenis Bros SA MINERVA Knitwear Manufacturing Did MIN's recent earnings growth beat the long-term trend and the industry? … Ladenis Bros SA MINERVA Knitwear Manufacturing, its latest trailing-twelve-month earnings is -€244.00K, which, relative to the prior year's level, has become less negative.

Simply Wall St -

MIN Company Info

Description

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.

Details
Name: J. & B. Ladenis Bros S.A. - Minerva - Knitwear Manufacturing Company
MIN
Exchange: ATSE
Founded: 1942
€1,097,400
6,200,000
Website: http://www.minerva.gr
Address: J. & B. Ladenis Bros S.A. - Minerva - Knitwear Manufacturing Company
6th klm Thessaloniki - Oraiokastro,
Thessaloniki,
564 29,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ATSE MIN Common Bearer Shares The Athens Stock Exchange GR EUR 25. Apr 1995
LSE 0FBJ Common Bearer Shares London Stock Exchange GB EUR 25. Apr 1995
Number of employees
Current staff
Staff numbers
0
J. & B. Ladenis Bros - Minerva - Knitwear Manufacturing employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 21:02
End of day share price update: 2019/05/22 00:00
Last earnings filing: 2019/04/25
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.