ATSE:ELPE

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Hellenic Petroleum

Executive Summary

Hellenic Petroleum S.A., together with its subsidiaries, operates in the energy sector primarily in Greece, South Eastern Europe, and the East Mediterranean.


Snowflake Analysis

Average dividend payer with moderate growth potential.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ELPE's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

6.3%

ELPE

0.6%

GR Oil and Gas

6.1%

GR Market


1 Year Return

-24.1%

ELPE

-28.3%

GR Oil and Gas

-17.3%

GR Market

Return vs Industry: ELPE exceeded the Greek Oil and Gas industry which returned -26.8% over the past year.

Return vs Market: ELPE underperformed the Greek Market which returned -15.1% over the past year.


Shareholder returns

ELPEIndustryMarket
7 Day6.3%0.6%6.1%
30 Day3.4%-1.1%2.5%
90 Day2.4%-13.2%-8.5%
1 Year-17.4%-24.1%-23.9%-28.3%-14.0%-17.3%
3 Year14.3%-6.2%1.2%-13.6%-6.7%-15.5%
5 Year70.5%40.0%11.9%-14.0%-65.3%-66.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

1.03x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: ELPE (€6.4) is trading above our estimate of fair value (€3.44)

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


Price To Earnings Ratio

PE vs Industry: ELPE is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: ELPE is unprofitable, so we can't compare its PE Ratio to the Greek market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ELPE is overvalued based on its PB Ratio (1x) compared to the XE Oil and Gas industry average (0.6x).


Next Steps

Future Growth

How is Hellenic Petroleum forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

85.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ELPE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (5.7%).

Earnings vs Market: ELPE is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ELPE's is expected to become profitable in the next 3 years.

Revenue vs Market: ELPE's revenue (2.9% per year) is forecast to grow slower than the Greek market (6.7% per year).

High Growth Revenue: ELPE's revenue (2.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ELPE's Return on Equity is forecast to be low in 3 years time (12%).


Next Steps

Past Performance

How has Hellenic Petroleum performed over the past 5 years?

18.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ELPE is currently unprofitable.

Growing Profit Margin: ELPE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ELPE is unprofitable, but has reduced losses over the past 5 years at a rate of 18.6% per year.

Accelerating Growth: Unable to compare ELPE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ELPE is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-5.1%).


Return on Equity

High ROE: ELPE has a negative Return on Equity (-11.42%), as it is currently unprofitable.


Next Steps

Financial Health

How is Hellenic Petroleum's financial position?


Financial Position Analysis

Short Term Liabilities: ELPE's short term assets (€2.4B) do not cover its short term liabilities (€2.7B).

Long Term Liabilities: ELPE's short term assets (€2.4B) exceed its long term liabilities (€1.9B).


Debt to Equity History and Analysis

Debt Level: ELPE's debt to equity ratio (146.9%) is considered high.

Reducing Debt: ELPE's debt to equity ratio has reduced from 184.9% to 146.9% over the past 5 years.

Debt Coverage: ELPE's debt is not well covered by operating cash flow (9%).

Interest Coverage: Insufficient data to determine if ELPE's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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

7.81%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: ELPE's dividend (7.81%) is higher than the bottom 25% of dividend payers in the Greek market (2.28%).

High Dividend: ELPE's dividend (7.81%) is in the top 25% of dividend payers in the Greek market (5.14%)


Stability and Growth of Payments

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

Growing Dividend: ELPE's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: ELPE is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: ELPE's dividends in 3 years are forecast to be covered by earnings (55.1% payout ratio).


Next Steps

Management

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

2.7yrs

Average management tenure


CEO

Andreas Shiamishis

0.75

Tenure

Mr. Andreas N. Shiamishis has been Deputy Chief Executive Officer at Hellenic Petroleum Cyprus Ltd. since February 2018 and has been its Executive Director since May 30, 2013. He serves as Chief Executive  ...


Leadership Team

NamePositionTenureCompensationOwnership
Andreas Shiamishis
CEO & Executive Director0.75yrno datano data
Christian Thomas
Group Chief Financial Officer0.50yrno datano data
Stefanos Papadimitriou
Accounting Directorno datano datano data
N. Skandalis
Chief Technical Officer10.33yrsno datano data
Stamatia Psyllaki
General Manager Group Human Resources & Administrative Services4.58yrsno datano data
Vasilis Tsaitas
Investor Relations Officerno datano datano data
Ioannis Apsouris
General Manager of Group Legal Servicesno datano datano data
Konstantinos Karahalios
International Marketing Directorno datano datano data
H. Panitsidis
Head of Elefsina Refinery Upgrade Project and General Managerno datano datano data
Georgios Alexopoulos
GM of Group Strategic Planning & New Business and Executive Director2.92yrsno datano data

2.7yrs

Average Tenure

Experienced Management: ELPE's management team is considered experienced (2.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Andreas Shiamishis
CEO & Executive Director0.75yrno datano data
Georgios Alexopoulos
GM of Group Strategic Planning & New Business and Executive Director2.92yrsno datano data
Theodoros-Achilleas Vardas
Non-Executive Director13.33yrsno datano data
Spyridon Pantelias
Independent Non Executive Director10.42yrsno datano data
Theodoros Pantalakis
Independent Non Executive Director10.42yrsno datano data
Konstantinos Papagiannopoulos
Employees’ Representative Non-Executive Director6.92yrsno datano data
Ioannis Papathanasiou
Chairman of the Board0.75yrno datano data
Georgios Papakonstantinou
Employees’ Representative Non-Executive Director1.92yrsno datano data
Michael Kefalogiannis
Non-Executive Director0.75yrno datano data
Alexandros Metaxas
Non-Executive Director0.75yrno datano data

4.9yrs

Average Tenure

65yo

Average Age

Experienced Board: ELPE's board of directors are considered experienced (4.9 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 Petroleum S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hellenic Petroleum S.A.
  • Ticker: ELPE
  • Exchange: ATSE
  • Founded: 1998
  • Industry: Oil and Gas Refining and Marketing
  • Sector: Energy
  • Market Cap: €1.956b
  • Shares outstanding: 305.64m
  • Website: https://www.helpe.gr

Number of Employees


Location

  • Hellenic Petroleum S.A.
  • 8A Chimarras Street
  • Maroussi
  • 151 25
  • Greece

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ELPEATSE (The Athens Stock Exchange)YesOrdinary SharesGREURJul 1998
HLPNDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 1998
0K9ULSE (London Stock Exchange)YesOrdinary SharesGBEURJul 1998

Biography

Hellenic Petroleum S.A., together with its subsidiaries, operates in the energy sector primarily in Greece, South Eastern Europe, and the East Mediterranean. The company operates through the Refining, Marketing, Exploration and Production of Hydrocarbons, Petro-chemicals, Gas and Power, and Other segments. It engages in the supply, refining, and trading of petroleum products; marketing of fuels; production and trading of petrochemicals/chemicals; exploration and production of oil and gas; and generation and trading of power. It is also involved in the production, distribution, and trading of renewable energy sources; provision of financing and other financial services; retail trade of liquid fuels and LPG; operation of tankers; exploration and production of hydrocarbons; trade, distribution, and storage of oil products; operation of crude oil pipelines; owning of vessels; production and marketing of polypropylene, BOPP films, and solvents; trading of imported plastics and chemicals; and provision of treasury services. In addition, the company provides consulting and engineering services, as well as participates in the development of cross-border gas pipelines. Hellenic Petroleum S.A. operates a network of 1,738 service stations, 15 fuel storage and distribution facilities, 23 aircraft refueling stations in the Greek airports, 2 LPG bottling plants, and 1 lubricant production and packing site in Greece. Hellenic Petroleum S.A. was founded in 1998 and is headquartered in Maroussi, Greece. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/29 21:18
End of Day Share Price2020/05/29 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.