Hellenic Exchanges - Athens Stock Exchange SA provides support services for the operation of Greek capital market. More Details
Flawless balance sheet with moderate growth potential.
Share Price & News
How has Hellenic Exchanges - Athens Stock Exchange's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EXAE is less volatile than 75% of Greek stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: EXAE's weekly volatility (4%) has been stable over the past year.
7 Day Return
GR Capital Markets
1 Year Return
GR Capital Markets
Return vs Industry: EXAE underperformed the Greek Capital Markets industry which returned 29.8% over the past year.
Return vs Market: EXAE exceeded the Greek Market which returned -21.2% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Hellenic Exchanges - Athens Stock Exchange's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StHellenic Exchanges - Athens Stock Exchange (ATH:EXAE) Has Announced A Dividend Of €0.07
2 weeks ago | Simply Wall StHere's Why We're Wary Of Buying Hellenic Exchanges - Athens Stock Exchange's (ATH:EXAE) For Its Upcoming Dividend
Is Hellenic Exchanges - Athens Stock Exchange undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate EXAE's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate EXAE's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: EXAE is poor value based on its PE Ratio (60.8x) compared to the European Capital Markets industry average (18.4x).
PE vs Market: EXAE is poor value based on its PE Ratio (60.8x) compared to the Greek market (19x).
Price to Earnings Growth Ratio
PEG Ratio: EXAE is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: EXAE is overvalued based on its PB Ratio (2.4x) compared to the XE Capital Markets industry average (1.5x).
How is Hellenic Exchanges - Athens Stock Exchange forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EXAE's forecast earnings growth (41.9% per year) is above the savings rate (3.9%).
Earnings vs Market: EXAE's earnings (41.9% per year) are forecast to grow faster than the Greek market (36.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: EXAE's revenue (4.6% per year) is forecast to grow slower than the Greek market (7.9% per year).
High Growth Revenue: EXAE's revenue (4.6% 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 (7.8%).
How has Hellenic Exchanges - Athens Stock Exchange performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EXAE has high quality earnings.
Growing Profit Margin: EXAE's current net profit margins (14.7%) are lower than last year (21.3%).
Past Earnings Growth Analysis
Earnings Trend: EXAE's earnings have grown by 6.3% per year over the past 5 years.
Accelerating Growth: EXAE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: EXAE had negative earnings growth (-39.6%) over the past year, making it difficult to compare to the Capital Markets industry average (21.5%).
Return on Equity
High ROE: EXAE's Return on Equity (4%) is considered low.
How is Hellenic Exchanges - Athens Stock Exchange's financial position?
Financial Position Analysis
Short Term Liabilities: EXAE's short term assets (€304.6M) exceed its short term liabilities (€235.3M).
Long Term Liabilities: EXAE's short term assets (€304.6M) exceed its long term liabilities (€6.0M).
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.
What is Hellenic Exchanges - Athens Stock Exchange current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: EXAE's dividend (3.26%) is higher than the bottom 25% of dividend payers in the Greek market (1.65%).
High Dividend: EXAE's dividend (3.26%) is low compared to the top 25% of dividend payers in the Greek market (3.93%).
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.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (99.1%), EXAE's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: EXAE's dividends in 3 years are not forecast to be well covered by earnings (107.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jakob Lazaridis (58 yo)
Mr. Sokrates George Lazaridis, also known as Jakob, has been Managing Director, Chief Executive Officer and Executive Director of Hellenic Exchanges - Athens Stock Exchange SA since June 2019. Mr. Lazaridi...
Experienced Management: EXAE's management team is seasoned and experienced (5.9 years average tenure).
Experienced Board: EXAE's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Hellenic Exchanges - Athens Stock Exchange SA's company bio, employee growth, exchange listings and data sources
- Name: Hellenic Exchanges - Athens Stock Exchange SA
- Ticker: EXAE
- Exchange: ATSE
- Founded: 1876
- Industry: Financial Exchanges and Data
- Sector: Diversified Financials
- Market Cap: €259.195m
- Shares outstanding: 60.35m
- Website: https://www.athexgroup.gr
Number of Employees
- Hellenic Exchanges - Athens Stock Exchange SA
- 110 Athinon Avenue
- 104 42
Hellenic Exchanges - Athens Stock Exchange SA provides support services for the operation of Greek capital market. It operates equities and derivatives markets, and the alternative market; and performs cle...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/13 00:53|
|End of Day Share Price||2021/06/11 00:00|
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.