ATSE:KYRI

Stock Analysis Report

Kiriacoulis Mediterranean Cruises Shipping

Executive Summary

Kiriacoulis Mediterranean Cruises Shipping SA, together with its subsidiaries, engages in the professional sea tourism, tourist ports management, and real estate businesses.


Snowflake Analysis

Adequate balance sheet with questionable track record.

Share Price & News

How has Kiriacoulis Mediterranean Cruises Shipping's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-14.9%

KYRI

-11.7%

GR Hospitality

-14.3%

GR Market


1 Year Return

94.5%

KYRI

15.9%

GR Hospitality

7.8%

GR Market

Return vs Industry: KYRI exceeded the Greek Hospitality industry which returned 15.9% over the past year.

Return vs Market: KYRI exceeded the Greek Market which returned 7.8% over the past year.


Shareholder returns

KYRIIndustryMarket
7 Day-14.9%-11.7%-14.3%
30 Day-20.3%-6.6%-16.1%
90 Day-14.1%-5.5%-14.3%
1 Year96.8%94.5%31.4%15.9%12.4%7.8%
3 Year305.5%293.3%67.0%24.6%31.5%18.6%
5 Year238.5%228.4%88.9%17.9%-62.8%-64.5%

Price Volatility Vs. Market

How volatile is Kiriacoulis Mediterranean Cruises Shipping's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Kiriacoulis Mediterranean Cruises Shipping undervalued compared to its fair value and its price relative to the market?

24.07x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: KYRI (€1.87) is trading above our estimate of fair value (€0.15)

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


Price To Earnings Ratio

PE vs Industry: KYRI is poor value based on its PE Ratio (25.4x) compared to the Hospitality industry average (19.2x).

PE vs Market: KYRI is poor value based on its PE Ratio (25.4x) compared to the Greek market (15.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: KYRI is good value based on its PB Ratio (0.7x) compared to the GR Hospitality industry average (0.9x).


Next Steps

Future Growth

How is Kiriacoulis Mediterranean Cruises Shipping forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.5%

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 Kiriacoulis Mediterranean Cruises Shipping 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 Kiriacoulis Mediterranean Cruises Shipping performed over the past 5 years?

35.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KYRI has high quality earnings.

Growing Profit Margin: KYRI's current net profit margins (1.5%) are lower than last year (3.8%).


Past Earnings Growth Analysis

Earnings Trend: KYRI has become profitable over the past 5 years, growing earnings by 35.6% per year.

Accelerating Growth: KYRI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: KYRI had negative earnings growth (-34.2%) over the past year, making it difficult to compare to the Hospitality industry average (-1.8%).


Return on Equity

High ROE: KYRI's Return on Equity (3%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Kiriacoulis Mediterranean Cruises Shipping's financial position?


Financial Position Analysis

Short Term Liabilities: KYRI's short term assets (€26.5M) exceed its short term liabilities (€17.4M).

Long Term Liabilities: KYRI's short term assets (€26.5M) exceed its long term liabilities (€18.6M).


Debt to Equity History and Analysis

Debt Level: KYRI's debt to equity ratio (18.4%) is considered satisfactory.

Reducing Debt: KYRI's debt to equity ratio has reduced from 43.1% to 18.4% over the past 5 years.

Debt Coverage: KYRI's debt is not well covered by operating cash flow (17.5%).

Interest Coverage: KYRI's interest payments on its debt are not well covered by EBIT (1.6x coverage).


Balance Sheet

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

Debt Coverage by Assets: KYRI's debt is covered by short term assets (assets are 7.3x debt).


Next Steps

Dividend

What is Kiriacoulis Mediterranean Cruises Shipping's current dividend yield, its reliability and sustainability?

1.49%

Current Dividend Yield


Dividend Yield vs Market

company1.5%marketbottom25%2.1%markettop25%4.1%industryaverage2.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: KYRI's dividend (1.41%) isn’t notable compared to the bottom 25% of dividend payers in the Greek market (2.06%).

High Dividend: KYRI's dividend (1.41%) is low compared to the top 25% of dividend payers in the Greek market (4.14%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, KYRI has been paying a dividend for less than 10 years.

Growing Dividend: KYRI has only been paying a dividend for 2 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (35.8%), KYRI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

23.1yrs

Average management tenure


CEO

Theofanis Kiriacoulis (54yo)

0

Mr. Theofanis S. Kiriacoulis serves as President of Board of Directors and Managing Director at Kiriacoulis Mediterranean Cruises Shipping S.A and has been its General Manager and Quality Manager since 199 ...


Leadership Team

NamePositionTenureCompensationOwnership
Theofanis Kiriacoulis
President of Board of Directors0yrsno data19.64% 2.6m
Spiridon Kiriacoulis
VP of the Board & Head of the Financial Department0yrsno data19.64% 2.6m
Hariklia Theodorou
Head of the Accounting Department0yrsno datano data
Stavros Kiriacoulis
Head of Administrative Planning22.1yrsno datano data
Argiro Micha
Head of Investor Relations Department & Corporate Announcements Department20.1yrsno datano data
Ekaterini Tsokani
Head of Charter Department23.1yrsno datano data

23.1yrs

Average Tenure

55.5yo

Average Age

Experienced Management: KYRI's management team is seasoned and experienced (23.1 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

Kiriacoulis Mediterranean Cruises Shipping SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kiriacoulis Mediterranean Cruises Shipping SA
  • Ticker: KYRI
  • Exchange: ATSE
  • Founded: 1980
  • Industry: Leisure Facilities
  • Sector: Consumer Services
  • Market Cap: €13.443m
  • Shares outstanding: 7.60m
  • Website: https://www.kiriacoulis.com

Number of Employees


Location

  • Kiriacoulis Mediterranean Cruises Shipping SA
  • 7 Alimou Avenue
  • Alimos
  • Athens
  • 174 55
  • Greece

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KYRIATSE (The Athens Stock Exchange)YesRegistered SharesGREURApr 1998
0P11LSE (London Stock Exchange)YesRegistered SharesGBEURApr 1998

Biography

Kiriacoulis Mediterranean Cruises Shipping SA, together with its subsidiaries, engages in the professional sea tourism, tourist ports management, and real estate businesses. It offers yacht chartering services, flotillas, bareboat chartering services, crew chartering services, etc. The company also sells new and second hand yachts, including sailboats, catamarans, and motorboats; and provides parking spaces. It operates through a fleet of approximately 400 owned and managed yachts in Greece, Italy, Croatia, France, Malta, Spain, the Caribbean, and internationally. The company was founded in 1980 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 Analysis2020/02/28 21:17
End of Day Share Price2020/02/28 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.