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Geke

ATSE:PRESD
Snowflake Description

Excellent balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PRESD
ATSE
€42M
Market Cap
  1. Home
  2. GR
  3. Consumer Services
Company description

Geke S.A. engages in the hotel business. It operates the President Hotel, which consists of standard rooms, family rooms, and wheelchair accessible rooms, as well as provides restaurants and bars, meetings and events, and parking facilities. The last earnings update was 203 days ago. More info.


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PRESD Share Price and Events
7 Day Returns
2.9%
ATSE:PRESD
0.2%
GR Hospitality
2.3%
GR Market
1 Year Returns
0%
ATSE:PRESD
0.6%
GR Hospitality
-6.8%
GR Market
PRESD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Geke (PRESD) 2.9% 1.2% 0.8% 0% 13.6% -24.2%
GR Hospitality 0.2% 7.7% 17.5% 0.6% 37.4% -15.6%
GR Market 2.3% 6.9% 19.7% -6.8% 25.5% -59.2%
1 Year Return vs Industry and Market
  • PRESD outperformed the Market in Greece which returned -6.8% over the past year.
Price Volatility
PRESD
Industry
5yr Volatility vs Market

Value

 Is Geke 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 Geke 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 Geke.

ATSE:PRESD 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 19.7%
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:PRESD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GR Govt Bond Rate 4.9%
Equity Risk Premium S&P Global 15%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.98
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.979 (1 + (1- 29%) (0%))
0.986
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 4.93% + (0.986 * 14.99%)
19.71%

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

The calculations below outline how an intrinsic value for Geke 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:PRESD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 19.71%)
2019 3.66 Est @ 17.47% 3.06
2020 4.16 Est @ 13.71% 2.90
2021 4.62 Est @ 11.08% 2.69
2022 5.05 Est @ 9.23% 2.46
2023 5.45 Est @ 7.94% 2.22
2024 5.83 Est @ 7.04% 1.98
2025 6.21 Est @ 6.41% 1.76
2026 6.58 Est @ 5.96% 1.56
2027 6.95 Est @ 5.66% 1.38
2028 7.33 Est @ 5.44% 1.21
Present value of next 10 years cash flows €21.22
ATSE:PRESD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €7.33 × (1 + 4.93%) ÷ (19.71% – 4.93%)
€52.03
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €52.03 ÷ (1 + 19.71%)10
€8.61
ATSE:PRESD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €21.22 + €8.61
€29.83
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €29.83 / 8.42
€3.54
ATSE:PRESD Discount to Share Price
Calculation Result
Value per share (EUR) From above. €3.54
Current discount Discount to share price of €5.00
= -1 x (€5.00 - €3.54) / €3.54
-41.1%

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

  • The current share price of Geke is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Geke's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Geke's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ATSE:PRESD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in EUR €0.30
ATSE:PRESD Share Price ** ATSE (2019-04-17) in EUR €5
Europe Hospitality Industry PE Ratio Median Figure of 109 Publicly-Listed Hospitality Companies 18.47x
Greece Market PE Ratio Median Figure of 97 Publicly-Listed Companies 13.96x

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

** Primary Listing of Geke.

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

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

= 5 ÷ 0.30

16.44x

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

  • Geke is good value based on earnings compared to the Europe Hospitality industry average.
  • Geke is overvalued based on earnings compared to the Greece market.
Price based on expected Growth
Does Geke's expected growth come at a high price?
Raw Data
ATSE:PRESD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
13.6%per year
Europe Hospitality Industry PEG Ratio Median Figure of 72 Publicly-Listed Hospitality Companies 1.47x
Greece Market PEG Ratio Median Figure of 19 Publicly-Listed Companies 1.1x

*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 Geke, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Geke's assets?
Raw Data
ATSE:PRESD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in EUR €5.63
ATSE:PRESD Share Price * ATSE (2019-04-17) in EUR €5
Greece Hospitality Industry PB Ratio Median Figure of 6 Publicly-Listed Hospitality Companies 0.91x
Greece Market PB Ratio Median Figure of 139 Publicly-Listed Companies 0.89x
ATSE:PRESD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 5 ÷ 5.63

0.89x

* Primary Listing of Geke.

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

  • Geke is good value based on assets compared to the GR Hospitality industry average.
X
Value checks
We assess Geke'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 Hospitality 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 Hospitality industry average (and greater than 0)? (1 check)
  5. Geke has a total score of 2/6, 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.

Future Performance

 How is Geke expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Geke, future earnings growth has been estimated based on fundamentals.
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
13.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Geke expected to grow at an attractive rate?
  • Geke's earnings growth is expected to exceed the low risk savings rate of 4.9%.
Growth vs Market Checks
  • Geke's earnings growth is positive but not above the Greece market average.
  • Unable to compare Geke's revenue growth to the Greece market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ATSE:PRESD Future Growth Rates Data Sources
Data Point Source Value (per year)
ATSE:PRESD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 13.6%
Europe Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 15%
Europe Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
Greece Market Earnings Growth Rate Market Cap Weighted Average 15.9%
Greece Market Revenue Growth Rate Market Cap Weighted Average 8.8%

*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:PRESD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 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:PRESD Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-06-30 10 4 3
2018-03-31 10 4 3
2017-12-31 10 4 3
2017-09-30 10 3 2
2017-06-30 10 3 2
2017-03-31 9 2 2
2016-12-31 9 2 2
2016-09-30 8 2 2
2016-06-30 9 3 2
2016-03-31 10 3 2
2015-12-31 10 3 3
2015-09-30 10 3 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Geke's earnings are expected to grow by 13.6% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Geke 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:PRESD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Geke Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ATSE:PRESD Past Financials Data
Date (Data in EUR Millions) EPS *
2018-06-30 0.30
2018-03-31 0.30
2017-12-31 0.30
2017-09-30 0.29
2017-06-30 0.28
2017-03-31 0.25
2016-12-31 0.21
2016-09-30 0.20
2016-06-30 0.24
2016-03-31 0.28
2015-12-31 0.30
2015-09-30 0.28

*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 Geke will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Geke'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.
Geke has a total score of 1/6, 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.

Past Performance

  How has Geke performed over the past 5 years?

  • Geke's last earnings update was 203 days ago.
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 Geke's growth in the last year to its industry (Hospitality).
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.
  • Geke has delivered over 20% year on year earnings growth in the past 5 years.
  • Geke's 1-year earnings growth is less than its 5-year average (10.1% vs 40.2%)
  • Geke's earnings growth has not exceeded the Europe Hospitality industry average in the past year (10.1% vs 10.7%).
Earnings and Revenue History
Geke'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 Geke Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ATSE:PRESD Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 10.37 2.56 1.14
2018-03-31 10.22 2.53 1.07
2017-12-31 10.08 2.51 0.99
2017-09-30 9.84 2.42 0.88
2017-06-30 9.60 2.32 0.76
2017-03-31 9.37 2.07 0.97
2016-12-31 9.15 1.81 1.18
2016-09-30 8.50 1.71 1.20
2016-06-30 9.15 2.04 1.26
2016-03-31 10.10 2.37 1.25
2015-12-31 9.54 2.54 1.07
2015-09-30 9.66 2.33 1.45
2015-06-30 9.25 2.02 1.41
2015-03-31 8.93 0.07 1.26
2014-12-31 9.12 -0.30 1.29
2014-09-30 9.30 -0.56 1.36
2014-06-30 8.69 -1.11 1.16
2014-03-31 7.91 0.30 1.06
2013-12-31 7.55 0.53 0.88
2013-09-30 7.09 0.28 0.25
2013-06-30 6.71 0.32 0.27
2013-03-31 6.55 1.54 0.30
2012-12-31 9.54 2.68 0.32
2012-09-30 11.07 4.65 0.46
2012-06-30 12.34 5.74 0.50

*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.
  • Geke has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Geke used its assets less efficiently than the Europe Hospitality industry average last year based on Return on Assets.
  • Geke has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Geke'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 Hospitality 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.
Geke has a total score of 2/6, 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.

Health

 How is Geke'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 Geke's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Geke is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Geke's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Geke'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.
  • Geke has no debt, it does not need to be covered by short term assets.
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 Geke Company Filings, last reported 9 months ago.

ATSE:PRESD Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 47.43 0.00 5.89
2018-03-31 47.43 0.00 5.89
2017-12-31 48.45 0.00 6.25
2017-09-30 48.45 0.00 6.25
2017-06-30 47.23 0.00 5.01
2017-03-31 47.23 0.00 5.01
2016-12-31 48.46 0.00 5.71
2016-09-30 48.46 0.00 5.71
2016-06-30 47.43 0.00 5.60
2016-03-31 47.43 0.00 5.60
2015-12-31 46.65 0.00 4.13
2015-09-30 49.58 0.00 5.08
2015-06-30 50.44 0.00 4.56
2015-03-31 49.92 0.00 3.51
2014-12-31 50.79 0.00 4.43
2014-09-30 50.61 0.00 4.34
2014-06-30 50.07 0.00 4.39
2014-03-31 51.31 0.00 4.00
2013-12-31 51.12 0.00 3.75
2013-09-30 51.14 0.00 3.60
2013-06-30 50.98 0.00 4.21
2013-03-31 53.24 0.00 5.74
2012-12-31 56.41 0.00 5.16
2012-09-30 56.53 0.00 5.98
2012-06-30 59.37 0.00 19.03
  • Geke has no debt.
  • Geke has not taken on any debt in the past 5 years.
  • Geke has no debt, it does not need to be covered by operating cash flow.
  • Geke has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Geke'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. Geke has a total score of 5/6, 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.

Dividends

 What is Geke'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
5.6%
Current annual income from Geke dividends.
If you bought €2,000 of Geke shares you are expected to receive €112 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?
  • Geke's pays a higher dividend yield than the bottom 25% of dividend payers in Greece (1.67%).
  • Geke's dividend is above the markets top 25% of dividend payers in Greece (4.81%).
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:PRESD 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 Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 86 Stocks 3.3%
Greece Market Average Dividend Yield Market Cap Weighted Average of 52 Stocks 4.1%
Greece Minimum Threshold Dividend Yield 10th Percentile 1.1%
Greece Bottom 25% Dividend Yield 25th Percentile 1.7%
Greece Top 25% Dividend Yield 75th Percentile 4.8%

Industry and Market average data is calculated daily.

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

ATSE:PRESD Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-09-26 0.280 5.585
2018-04-26 0.280 5.455
2017-09-28 0.300 6.322
2017-04-27 0.300 6.903
2016-09-30 0.000 0.000
2016-03-31 0.000 0.000
2015-11-27 0.240 5.511
2015-08-31 0.240 6.089
2015-03-31 0.170 4.062
2014-11-27 0.000 0.000
2014-08-29 0.000 0.000
2014-05-30 0.000 0.000
2014-03-31 0.000 0.000
2013-05-27 0.000 0.000
2013-04-02 0.290 4.307
2012-11-30 0.000 0.000
2012-08-30 0.000 0.000
2012-05-30 0.000 0.000
2012-03-26 0.150 2.143
2011-11-25 0.000 0.000
2011-08-26 0.000 0.000
2011-08-25 0.000 0.000
2011-05-27 0.000 0.000
2011-03-29 0.000 0.000
2010-06-18 0.580 7.838
2009-07-30 0.810 10.277
2009-04-21 0.810 10.594

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Geke's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
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 Geke's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Geke afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Geke has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Geke'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
Emmanouil Tou Manousou
CEO Bio

Mr. Emmanouil Manousakis Tou Manousou serves as the Chairman and Chief Executive Officer at Geke S.A.

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

Emmanouil Tou Manousou

TITLE
Chairman and Chief Executive Officer

Georgios Dalianis

TITLE
Chief Financial Officer and Head of Accounting

Georgios Tou Konstantinou

TITLE
Executive Director

Dorothea Tou Georgiou

TITLE
Executive Director
Board of Directors

Emmanouil Tou Manousou

TITLE
Chairman and Chief Executive Officer

Georgios Tou Konstantinou

TITLE
Executive Director

Dorothea Tou Georgiou

TITLE
Executive Director

Konstantinos Tou Georgiou

TITLE
Non Executive Director

Christos Tou Eustathiou

TITLE
Independent Non-Executive Director

Dimitrios Tou Christou

TITLE
Non Executive Director

Koralia Tou Charalambous

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 Geke'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. Geke 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.

News

Simply Wall St News

Geke S.A.’s (ATH:PRESD) Investment Returns Are Lagging Its Industry

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

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Should Geke S.A. (ATH:PRESD) Focus On Improving This Fundamental Metric?

Geke has a ROE of 5.4%, based on the last twelve months. … Another way to think of that is that for every €1 worth of equity in the company, it was able to earn €0.054. … Return on Equity = Net Profit ÷ Shareholders' Equity

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Geke S.A. (ATH:PRESD): Time For A Financial Health Check

However, it also faces higher cost of capital given interest cost is generally lower than equity. … Does PRESD's growth rate justify its decision for financial flexibility over lower cost of capital … Debt funding can be cheaper than issuing new equity due to lower interest cost on debt.

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Here's How P/E Ratios Can Help Us Understand Geke S.A. (ATH:PRESD)

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Geke has a price to earnings ratio of 16.31, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

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Examining Geke S.A.’s (ATH:PRESD) Weak Return On Capital Employed

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

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Is Geke SA's (ATH:PRESD) Balance Sheet A Threat To Its Future?

However, it also faces higher cost of capital given interest cost is generally lower than equity. … Does PRESD's growth rate justify its decision for financial flexibility over lower cost of capital. … Debt capital generally has lower cost of capital compared to equity funding

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Interested In Geke SA (ATH:PRESD)? Here's How It Performed Recently

Today I will assess PRESD's recent performance announced on 31 December 2017 and evaluate these figures to its longer term trend and industry movements. … Did PRESD beat its long-term earnings growth trend and its industry. … PRESD's trailing twelve-month earnings (from 31 December 2017) of €2.51m has

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Geke SA. (ATH:PRESD): Assessing Capital Returns

Thus, to understand how your money can grow by investing in Geke, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE). … I have calculated Geke’s ROCE for you below: ROCE Calculation for PRESD Return on Capital Employed (ROCE) = Earnings Before Tax (EBT) ÷ (Capital Employed) Capital Employed = (Total Assets - Current Liabilities) ∴ ROCE = €3.47M ÷ (€66.38M - €3.01M) = 5.47% As you can see, PRESD earned €5.5 from every €100 you invested over the previous twelve months. … A good ROCE hurdle you should aim for in your investments is 15%, which PRESD has failed to reach, meaning the company creates an unimpressive amount of earnings from capital employed.

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Should You Be Concerned About Geke SA.'s (ATH:PRESD) Shareholders?

See our latest analysis for Geke ATSE:PRESD Ownership_summary Apr 13th 18 Insider Ownership Another important group of shareholders are company insiders. … Insider ownership has to do more with how the company is managed and less to do with the direct impact of the magnitude of shares trading on the market. … 41.39% ownership of PRESD insiders is large enough to make an impact on shareholder returns.

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Why Geke SA. (ATH:PRESD) May Not Be As Efficient As Its Industry

Check out our latest analysis for Geke What you must know about ROE Return on Equity (ROE) is a measure of Geke’s profit relative to its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is assessed against cost of equity, which is measured using the Capital Asset Pricing Model (CAPM) – but let’s not dive into the details of that today. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity ATSE:PRESD Last Perf Apr 6th 18 The first component is profit margin, which measures how much of sales is retained after the company pays for all its expenses.

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Company Info

Description

Geke S.A. engages in the hotel business. It operates the President Hotel, which consists of standard rooms, family rooms, and wheelchair accessible rooms, as well as provides restaurants and bars, meetings and events, and parking facilities. The company is based in Athens, Greece. Geke S.A. is a subsidiary of General Construction Co. SA.

Details
Name: Geke S.A.
PRESD
Exchange: ATSE
Founded:
€42,093,750
8,418,750
Website: http://www.president.gr
Address: Geke S.A.
43 Kifissias Avenue,
Athens,
115 23,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ATSE PRESD Ordinary Shares The Athens Stock Exchange GR EUR 08. Sep 2000
LSE 0EKX Ordinary Shares London Stock Exchange GB EUR 08. Sep 2000
Number of employees
Current staff
Staff numbers
0
Geke employees.
Industry
Hotels, Resorts and Cruise Lines
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/17 20:43
End of day share price update: 2019/04/17 00:00
Last earnings filing: 2018/09/26
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.