ATSE:EXAE

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Hellenic Exchanges - Athens Stock Exchange

Market Cap

€259.2m

Last Updated

2021/06/13 00:53 UTC

Data Sources

Company Financials +

Executive Summary

Hellenic Exchanges - Athens Stock Exchange SA provides support services for the operation of Greek capital market. More Details


Snowflake Analysis

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.


Market Performance


7 Day Return

0.4%

EXAE

0.5%

GR Capital Markets

2.3%

GR Market


1 Year Return

28.0%

EXAE

29.8%

GR Capital Markets

-21.2%

GR Market

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.


Shareholder returns

EXAEIndustryMarket
7 Day0.4%0.5%2.3%
30 Day-0.6%5.4%3.4%
90 Day9.8%6.0%-14.1%
1 Year34.2%28.0%33.6%29.8%-19.8%-21.2%
3 Year4.6%-8.3%26.1%13.7%-47.5%-49.3%
5 Year19.5%-6.6%77.1%46.9%-55.9%-57.5%

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

Valuation

Is Hellenic Exchanges - Athens Stock Exchange undervalued compared to its fair value and its price relative to the market?

60.82x

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).


Future Growth

How is Hellenic Exchanges - Athens Stock Exchange forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

41.9%

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%).


Past Performance

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

6.3%

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.


Financial Health

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.


Balance Sheet


Dividend

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

3.26%

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).


Next Steps

Management

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

5.9yrs

Average management tenure


CEO

Jakob Lazaridis (58 yo)

10.67yrs

Tenure

€185,500

Compensation

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...


Leadership Team

Experienced Management: EXAE's management team is seasoned and experienced (5.9 years average tenure).


Board Members

Experienced Board: EXAE's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


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 company bio, 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
  • Market Cap: €259.195m
  • Shares outstanding: 60.35m
  • Website: https://www.athexgroup.gr

Number of Employees


Location

  • Hellenic Exchanges - Athens Stock Exchange SA
  • 110 Athinon Avenue
  • Athens
  • 104 42
  • Greece

Listings


Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/13 00:53
End of Day Share Price2021/06/11 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.