ATSE:CENTR

Stock Analysis Report

Executive Summary

Centric Holdings S.A. engages in the casino and gambling operations on ships.


Snowflake Analysis

Excellent balance sheet and fair value.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

2.9%

CENTR

4.7%

GR Hospitality

0.1%

GR Market


1 Year Return

30.3%

CENTR

-21.9%

GR Hospitality

-20.1%

GR Market

Return vs Industry: CENTR exceeded the Greek Hospitality industry which returned -21.9% over the past year.

Return vs Market: CENTR exceeded the Greek Market which returned -20.1% over the past year.


Shareholder returns

CENTRIndustryMarket
7 Day2.9%4.7%0.1%
30 Day-11.9%-26.2%-19.9%
90 Day-11.2%-38.0%-35.9%
1 Year30.3%30.3%-11.4%-21.9%-16.6%-20.1%
3 Year115.0%115.0%11.5%-16.8%-1.1%-11.1%
5 Year20.8%20.8%32.7%-17.4%-66.5%-68.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CENTR (€0.22) is trading below our estimate of fair value (€4.37)

Significantly Below Fair Value: CENTR is trading below fair value by more than 20%.


Price To Earnings Ratio

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

PE vs Market: CENTR 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 CENTR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CENTR is good value based on its PB Ratio (0.7x) compared to the GR Hospitality industry average (0.7x).


Next Steps

Future Growth

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

17.2%

Forecasted Consumer Services 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 Centric Holdings 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 Centric Holdings performed over the past 5 years?

-19.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CENTR is currently unprofitable.

Growing Profit Margin: CENTR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CENTR is unprofitable, and losses have increased over the past 5 years at a rate of -19.9% per year.

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

Earnings vs Industry: CENTR is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (0.2%).


Return on Equity

High ROE: CENTR has a negative Return on Equity (-7.85%), as it is currently unprofitable.


Next Steps

Financial Health

How is Centric Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: CENTR's short term assets (€27.7M) exceed its short term liabilities (€5.3M).

Long Term Liabilities: CENTR's short term assets (€27.7M) exceed its long term liabilities (€3.8M).


Debt to Equity History and Analysis

Debt Level: CENTR's debt to equity ratio (8.4%) is considered satisfactory.

Reducing Debt: CENTR's debt to equity ratio has increased from 0.06% to 8.4% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: CENTR's debt is covered by short term assets (assets are 10.9x debt).


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 CENTR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: CENTR is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -29% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CENTR'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?

2.2yrs

Average management tenure


CEO

Maria Arvaniti

2.17s

Tenure

Ms. Maria Arvaniti serves as Managing Director & Executive Board Member of Centric Holdings SA since 2018 and served as its Chief Financial Officer from 2005 to May 2018. Ms. Arvaniti has been employed by  ...


Leadership Team

NamePositionTenureCompensationOwnership
Maria Arvaniti
MD & Executive Board Member2.17yrsno datano data
Eleftherios Kostakis
Accounting Department Manager2.17yrsno datano data
Kelly Avatangelou
Legal Counsel2yrsno datano data

2.2yrs

Average Tenure

Experienced Management: CENTR's management team is considered experienced (2.2 years average tenure).


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

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


Key Information

  • Name: Centric Holdings S.A.
  • Ticker: CENTR
  • Exchange: ATSE
  • Founded: 1995
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: €21.264m
  • Shares outstanding: 98.90m
  • Website: https://www.centric.gr

Location

  • Centric Holdings S.A.
  • Makrigianni 20
  • Moschato
  • Athens
  • 183 44
  • Greece

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CENTRATSE (The Athens Stock Exchange)YesOrdinary Registered SharesGREURAug 2002
0O5GLSE (London Stock Exchange)YesOrdinary Registered SharesGBEURAug 2002

Biography

Centric Holdings S.A. engages in the casino and gambling operations on ships. It also provides technology services at sea; and mass catering and tourist accommodation services. In addition, the company engages in renewable energy business. Centric Holdings S.A. was founded in 1995 and is based in Athens, Greece. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/29 20:54
End of Day Share Price2020/03/27 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.