ATSE:LAMPS

Stock Analysis Report

Executive Summary

Lampsa Hellenic Hotels S.A. operates hotels primarily in Greece, Cyprus, and Serbia.

Rewards

Earnings grew by 32% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

Large one-off items impacting financial results



Snowflake Analysis

Acceptable track record with worrying balance sheet.

Share Price & News

How has Lampsa Hellenic Hotels's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: LAMPS has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

LAMPS

3.3%

GR Hospitality

0.8%

GR Market


1 Year Return

11.8%

LAMPS

31.6%

GR Hospitality

34.8%

GR Market

Return vs Industry: LAMPS underperformed the Greek Hospitality industry which returned 31.6% over the past year.

Return vs Market: LAMPS underperformed the Greek Market which returned 34.8% over the past year.


Shareholder returns

LAMPSIndustryMarket
7 Day0%3.3%0.8%
30 Day-2.5%3.9%-1.1%
90 Day0.5%19.3%2.2%
1 Year13.0%11.8%49.2%31.6%40.7%34.8%
3 Year22.4%19.9%94.2%44.9%59.5%43.8%
5 Year13.5%11.2%125.3%41.3%-59.7%-61.4%

Price Volatility Vs. Market

How volatile is Lampsa Hellenic Hotels's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Lampsa Hellenic Hotels undervalued compared to its fair value and its price relative to the market?

37.89x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: LAMPS (€19.9) is trading above our estimate of fair value (€1.12)

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


Price To Earnings Ratio

PE vs Industry: LAMPS is poor value based on its PE Ratio (37.9x) compared to the Hospitality industry average (20.7x).

PE vs Market: LAMPS is poor value based on its PE Ratio (37.9x) compared to the Greek market (17.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: LAMPS is overvalued based on its PB Ratio (4.2x) compared to the GR Hospitality industry average (0.9x).


Next Steps

Future Growth

How is Lampsa Hellenic Hotels forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.4%

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 Lampsa Hellenic Hotels 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 Lampsa Hellenic Hotels performed over the past 5 years?

53.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LAMPS has a large one-off gain of €5.8M impacting its June 30 2019 financial results.

Growing Profit Margin: LAMPS's current net profit margins (16.1%) are higher than last year (13.1%).


Past Earnings Growth Analysis

Earnings Trend: LAMPS's earnings have grown significantly by 53.8% per year over the past 5 years.

Accelerating Growth: LAMPS's earnings growth over the past year (32%) is below its 5-year average (53.8% per year).

Earnings vs Industry: LAMPS earnings growth over the past year (32%) exceeded the Hospitality industry -2.1%.


Return on Equity

High ROE: LAMPS's Return on Equity (11.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Lampsa Hellenic Hotels's financial position?


Financial Position Analysis

Short Term Liabilities: LAMPS's short term assets (€25.4M) do not cover its short term liabilities (€30.2M).

Long Term Liabilities: LAMPS's short term assets (€25.4M) do not cover its long term liabilities (€117.7M).


Debt to Equity History and Analysis

Debt Level: LAMPS's debt to equity ratio (96.4%) is considered high.

Reducing Debt: LAMPS's debt to equity ratio has increased from 51.2% to 96.4% over the past 5 years.

Debt Coverage: LAMPS's debt is not well covered by operating cash flow (9.3%).

Interest Coverage: LAMPS's interest payments on its debt are well covered by EBIT (4x coverage).


Balance Sheet

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

Debt Coverage by Assets: LAMPS's debt is not covered by short term assets (assets are 0.3x debt).


Next Steps

Dividend

What is Lampsa Hellenic Hotels's current dividend yield, its reliability and sustainability?

1.01%

Current Dividend Yield


Dividend Yield vs Market

company1.0%marketbottom25%1.7%markettop25%3.6%industryaverage2.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: LAMPS's dividend (1.01%) isn’t notable compared to the bottom 25% of dividend payers in the Greek market (1.71%).

High Dividend: LAMPS's dividend (1.01%) is low compared to the top 25% of dividend payers in the Greek market (3.62%).


Stability and Growth of Payments

Stable Dividend: LAMPS is not paying a notable dividend for the Greek market, therefore no need to check if payments are stable.

Growing Dividend: LAMPS is not paying a notable dividend for the Greek market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

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


Future Payout to Shareholders

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

Anastasios Homenidis (65yo)

0

Mr. Anastasios Homenidis serves as Chief Executive Officer, Managing Director and Executive Director at Lampsa Hellenic Hotels SA. Mr. Homenidis has been a Technical Manager of E.T.A. since 1983. Since 200 ...


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.


Top Shareholders

Company Information

Lampsa Hellenic Hotels S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Lampsa Hellenic Hotels S.A.
  • Ticker: LAMPS
  • Exchange: ATSE
  • Founded:
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: €425.144m
  • Shares outstanding: 21.36m
  • Website: https://www.lampsa.gr

Number of Employees


Location

  • Lampsa Hellenic Hotels S.A.
  • Vasileos Georgiou A1
  • Athens
  • 106 54
  • Greece

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LAMPSATSE (The Athens Stock Exchange)YesCommon Registered SharesGREURJan 1992
0F21LSE (London Stock Exchange)YesCommon Registered SharesGBEURJan 1992

Biography

Lampsa Hellenic Hotels S.A. operates hotels primarily in Greece, Cyprus, and Serbia. The company operates the Hotel Grande Bretagne that includes 320 rooms and suites located in Athens; the King George hotel with 59 rooms and 43 suites in Athens; and the Sheraton Rhodes Resort, which comprises 401 guestrooms situated on the island of Rhodes. It also operates the Hyatt Regency Hotel that includes 301 luxury rooms, suites, and facilities for recreation and dining located in Belgrade; and the Hotel Excelsior, which has 76 rooms, 2 junior suites, a banquet area, and a restaurant located in Belgrade. The company is headquartered in Athens, Greece. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/16 20:44
End of Day Share Price2020/02/14 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.