company background image
EXAE

Hellenic Exchanges - Athens Stock Exchange ATSE:EXAE Stock Report

Last Price

€3.42

Market Cap

€205.1m

7D

2.4%

1Y

-18.9%

Updated

26 Jun, 2022

Data

Company Financials +
EXAE fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance5/6
Financial Health6/6
Dividends2/6

EXAE Stock Overview

Hellenic Exchanges - Athens Stock Exchange SA provides support services to the Greek capital market.

Hellenic Exchanges - Athens Stock Exchange Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Hellenic Exchanges - Athens Stock Exchange
Historical stock prices
Current Share Price€3.42
52 Week High€4.25
52 Week Low€3.25
Beta0.97
1 Month Change-8.31%
3 Month Change-6.56%
1 Year Change-18.86%
3 Year Change-30.20%
5 Year Change-39.79%
Change since IPO-76.57%

Recent News & Updates

Shareholder Returns

EXAEGR Capital MarketsGR Market
7D2.4%4.8%1.2%
1Y-18.9%-18.4%-3.7%

Return vs Industry: EXAE matched the Greek Capital Markets industry which returned -18.4% over the past year.

Return vs Market: EXAE underperformed the Greek Market which returned -3.7% over the past year.

Price Volatility

Is EXAE's price volatile compared to industry and market?
EXAE volatility
EXAE Average Weekly Movement3.1%
Capital Markets Industry Average Movement4.7%
Market Average Movement5.0%
10% most volatile stocks in GR Market6.3%
10% least volatile stocks in GR Market3.1%

Stable Share Price: EXAE is less volatile than 75% of Greek stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: EXAE's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1876221Yianos Kontopouloshttps://www.athexgroup.gr

Hellenic Exchanges - Athens Stock Exchange SA provides support services to the Greek capital market. It operates equities and derivatives markets, and the alternative market; performs clearing and settlement of trades; and offers financing tools and solutions. The company is involved in the management of clearing systems and/or central counterparty; and finalizing, reconciling, or settling the finalization of transactions in financial instruments, as well as operates as a system administrator in the Athens Exchange Clearing House.

Hellenic Exchanges - Athens Stock Exchange Fundamentals Summary

How do Hellenic Exchanges - Athens Stock Exchange's earnings and revenue compare to its market cap?
EXAE fundamental statistics
Market Cap€205.10m
Earnings (TTM)€9.53m
Revenue (TTM)€36.24m

21.5x

P/E Ratio

5.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EXAE income statement (TTM)
Revenue€36.24m
Cost of Revenue€3.84m
Gross Profit€32.40m
Other Expenses€22.87m
Earnings€9.53m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 25, 2022

Earnings per share (EPS)0.16
Gross Margin89.42%
Net Profit Margin26.29%
Debt/Equity Ratio0%

How did EXAE perform over the long term?

See historical performance and comparison

Dividends

4.4%

Current Dividend Yield

96%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is EXAE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for EXAE?

Other financial metrics that can be useful for relative valuation.

EXAE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.6x
Enterprise Value/EBITDA10.9x
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

How does EXAE's PE Ratio compare to its peers?

EXAE PE Ratio vs Peers
The above table shows the PE ratio for EXAE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average25.2x

Price-To-Earnings vs Peers: EXAE is good value based on its Price-To-Earnings Ratio (21.5x) compared to the peer average (25.2x).


Price to Earnings Ratio vs Industry

How does EXAE's PE Ratio compare vs other companies in the Capital Markets Industry?

Price-To-Earnings vs Industry: EXAE is expensive based on its Price-To-Earnings Ratio (21.5x) compared to the European Capital Markets industry average (10.7x)


Price to Earnings Ratio vs Fair Ratio

What is EXAE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

EXAE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate EXAE's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of EXAE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: EXAE (€3.42) is trading above our estimate of fair value (€0.74)

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


Price to Earnings Growth Ratio

PEG Ratio: EXAE is poor value based on its PEG Ratio (1.2x)


Discover undervalued companies

Future Growth

How is Hellenic Exchanges - Athens Stock Exchange forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


18.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EXAE's forecast earnings growth (18.7% per year) is above the savings rate (2.8%).

Earnings vs Market: EXAE's earnings (18.7% per year) are forecast to grow faster than the Greek market (8.6% per year).

High Growth Earnings: EXAE's earnings are forecast to grow, but not significantly.

Revenue vs Market: EXAE's revenue (5.7% per year) is forecast to grow slower than the Greek market (6.8% per year).

High Growth Revenue: EXAE's revenue (5.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EXAE's Return on Equity is forecast to be low in 3 years time (11.4%).


Discover growth companies

Past Performance

How has Hellenic Exchanges - Athens Stock Exchange performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


31.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: EXAE has high quality earnings.

Growing Profit Margin: EXAE's current net profit margins (26.3%) are higher than last year (14.2%).


Past Earnings Growth Analysis

Earnings Trend: EXAE's earnings have grown significantly by 31.4% per year over the past 5 years.

Accelerating Growth: EXAE's earnings growth over the past year (123.5%) exceeds its 5-year average (31.4% per year).

Earnings vs Industry: EXAE earnings growth over the past year (123.5%) exceeded the Capital Markets industry 41.4%.


Return on Equity

High ROE: EXAE's Return on Equity (8.4%) is considered low.


Discover strong past performing companies

Financial Health

How is Hellenic Exchanges - Athens Stock Exchange's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: EXAE's short term assets (€316.8M) exceed its short term liabilities (€246.4M).

Long Term Liabilities: EXAE's short term assets (€316.8M) exceed its long term liabilities (€8.2M).


Debt to Equity History and Analysis

Debt Level: EXAE is debt free.

Reducing Debt: EXAE has not had any debt for past 5 years.

Debt Coverage: EXAE has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: EXAE has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Discover healthy companies

Dividend

What is Hellenic Exchanges - Athens Stock Exchange current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.43%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: EXAE's dividend (4.43%) is higher than the bottom 25% of dividend payers in the Greek market (2.15%).

High Dividend: EXAE's dividend (4.43%) is low compared to the top 25% of dividend payers in the Greek market (5.01%).


Stability and Growth of Payments

Stable Dividend: EXAE's dividend payments have been volatile in the past 10 years.

Growing Dividend: EXAE's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (95.8%), EXAE's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (66.3%), EXAE's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

2.3yrs

Average management tenure


CEO

Yianos Kontopoulos

0.25

Tenure

Dr. Yianos Kontopoulos, Ph.D. serves as Chief Executive Officer and Executive Director at Hellenic Exchanges - Athens Stock Exchange SA since March 8, 2022. He was a Managing Director, Global Head of Macro...


Leadership Team

Experienced Management: EXAE's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: EXAE's board of directors are considered experienced (3.1 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

Hellenic Exchanges - Athens Stock Exchange SA's employee growth, exchange listings and data sources


Key Information

  • Name: Hellenic Exchanges - Athens Stock Exchange SA
  • Ticker: EXAE
  • Exchange: ATSE
  • Founded: 1876
  • Industry: Financial Exchanges and Data
  • Sector: Diversified Financials
  • Implied Market Cap: €205.105m
  • Shares outstanding: 59.97m
  • Website: https://www.athexgroup.gr

Number of Employees


Location

  • Hellenic Exchanges - Athens Stock Exchange SA
  • 110 Athinon Avenue
  • Athens
  • 10442
  • Greece

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.