Karelia Tobacco
Karelia Tobacco Company Inc. engages in the manufacture and wholesale of tobacco products in Greece. The last earnings update was 24 days ago. More info.
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KARE Share Price and Events
7 Day Returns
1 Year Returns
KARE Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Karelia Tobacco (KARE) | 0% | 5.5% | 8% | -3.6% | 2.4% | 14.9% |
| Global Tobacco | 2.9% | 4.3% | -5.9% | -15.5% | -27.9% | 1.7% |
| GR Market | 1.2% | 2.9% | 10.2% | 10.1% | 43.3% | -81.1% |
1 Year Return vs Industry and Market
- KARE outperformed the Tobacco industry which returned -15.5% over the past year.
- KARE underperformed the Market in Greece which returned 10.1% over the past year.
Price Volatility
Related Companies
Sorry, no analysis for Karelia Tobacco's competitors could be found in our database.
Value
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
Karelia Tobacco
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Karelia Tobacco.
| 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 | 16.9% |
| 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year GR Govt Bond Rate | 4.9% |
| Equity Risk Premium | S&P Global | 15% |
| Tobacco Unlevered Beta | Simply Wall St/ S&P Global | 0.35 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.345 (1 + (1- 29%) (0.11%)) |
0.561 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 4.93% + (0.8 * 14.99%) |
16.92% |
Discounted Cash Flow Calculation for ATSE:KARE using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Karelia Tobacco 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.
| Levered FCF (EUR, Millions) | Source |
Present Value Discounted (@ 16.92%) |
|
|---|---|---|---|
| 2020 | 87.62 | Est @ -7.24% | 74.94 |
| 2021 | 84.48 | Est @ -3.59% | 61.79 |
| 2022 | 83.61 | Est @ -1.03% | 52.30 |
| 2023 | 84.24 | Est @ 0.76% | 45.07 |
| 2024 | 85.93 | Est @ 2.01% | 39.32 |
| 2025 | 88.41 | Est @ 2.89% | 34.60 |
| 2026 | 91.51 | Est @ 3.5% | 30.63 |
| 2027 | 95.10 | Est @ 3.93% | 27.22 |
| 2028 | 99.12 | Est @ 4.23% | 24.27 |
| 2029 | 103.53 | Est @ 4.44% | 21.68 |
| Present value of next 10 years cash flows | €411.83 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= €103.53 × (1 + 4.93%) ÷ (16.92% – 4.93%) |
€905.87 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= €905.87 ÷ (1 + 16.92%)10 |
€189.68 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= €411.83 + €189.68 |
€601.51 |
| Equity Value per Share (EUR) |
= Total value / Shares Outstanding
= €601.51 / 2.76 |
€217.94 |
| Calculation | Result | |
|---|---|---|
| Value per share (EUR) | From above. | €217.94 |
| Current discount | Discount to share price of
€270.00
= -1 x (€270.00 - €217.94) / €217.94 |
-23.9% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Karelia Tobacco is above its future cash flow value.
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 Karelia Tobacco's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Karelia Tobacco's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in EUR | €29.00 |
| ATSE:KARE Share Price ** | ATSE (2019-07-19) in EUR | €270 |
| Global Tobacco Industry PE Ratio | Median Figure of 12 Publicly-Listed Tobacco Companies | 13.88x |
| Greece Market PE Ratio | Median Figure of 98 Publicly-Listed Companies | 17.05x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Karelia Tobacco.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = ATSE:KARE Share Price ÷ EPS (both in EUR) = 270 ÷ 29.00 |
9.31x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Karelia Tobacco is good value based on earnings compared to the Global Tobacco industry average.
- Karelia Tobacco is good value based on earnings compared to the Greece market.
Price based on expected Growth
Does
Karelia Tobacco's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 9.31x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
8.2%per year |
| Global Tobacco Industry PEG Ratio | Median Figure of 7 Publicly-Listed Tobacco Companies | 1.61x |
| Greece Market PEG Ratio | Median Figure of 23 Publicly-Listed Companies | 1.34x |
*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 Karelia Tobacco, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Karelia Tobacco's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in EUR | €176.76 |
| ATSE:KARE Share Price * | ATSE (2019-07-19) in EUR | €270 |
| Global Tobacco Industry PB Ratio | Median Figure of 18 Publicly-Listed Tobacco Companies | 1.85x |
| Greece Market PB Ratio | Median Figure of 138 Publicly-Listed Companies | 0.95x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = ATSE:KARE Share Price ÷ Book Value per Share (both in EUR) = 270 ÷ 176.76 |
1.53x |
* Primary Listing of Karelia Tobacco.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Karelia Tobacco is good value based on assets compared to the Global Tobacco industry average.
Value checks
We assess Karelia Tobacco's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Tobacco industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Tobacco industry average (and greater than 0)? (1 check) Karelia Tobacco has a total score of 3/6, 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
- No analysts cover Karelia Tobacco, 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!
Earnings growth vs Low Risk Savings
- Karelia Tobacco's earnings growth is expected to exceed the low risk savings rate of 4.9%.
Growth vs Market Checks
- Karelia Tobacco's earnings growth is positive but not above the Greece market average.
- Unable to compare Karelia Tobacco's revenue growth to the Greece market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| ATSE:KARE Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts | 8.2% |
| Global Tobacco Industry Earnings Growth Rate | Market Cap Weighted Average | 8.5% |
| Global Tobacco Industry Revenue Growth Rate | Market Cap Weighted Average | 3.4% |
| Greece Market Earnings Growth Rate | Market Cap Weighted Average | 16.2% |
| Greece Market Revenue Growth Rate | Market Cap Weighted Average | 4.1% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 206 | 103 | 80 |
| 2018-12-31 | 208 | 93 | 79 |
| 2018-09-30 | 51 | 82 | 62 |
| 2018-06-30 | 48 | 80 | 60 |
| 2018-03-31 | 49 | 109 | 51 |
| 2017-12-31 | 209 | 183 | 55 |
| 2017-09-30 | -301 | 129 | 59 |
| 2017-06-30 | -313 | 251 | 59 |
| 2017-03-31 | 229 | -7 | 60 |
| 2016-12-31 | 217 | -49 | 62 |
| 2016-09-30 | 271 | -29 | 61 |
| 2016-06-30 | 259 | -145 | 61 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Karelia Tobacco Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | EPS * |
|---|---|
| 2019-03-31 | 29.00 |
| 2018-12-31 | 28.64 |
| 2018-09-30 | 22.52 |
| 2018-06-30 | 21.91 |
| 2018-03-31 | 18.41 |
| 2017-12-31 | 19.84 |
| 2017-09-30 | 21.23 |
| 2017-06-30 | 21.27 |
| 2017-03-31 | 21.92 |
| 2016-12-31 | 22.61 |
| 2016-09-30 | 22.28 |
| 2016-06-30 | 22.12 |
*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 Karelia Tobacco will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Karelia Tobacco's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Global market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Karelia Tobacco 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 Karelia Tobacco performed over the past 5 years?
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
Past Earnings growth analysis
- Karelia Tobacco's year on year earnings growth rate has been positive over the past 5 years.
- Karelia Tobacco's 1-year earnings growth exceeds its 5-year average (57.6% vs 5.7%)
- Karelia Tobacco's earnings growth has exceeded the Global Tobacco industry average in the past year (57.6% vs 24.7%).
Earnings and Revenue History
All data from Karelia Tobacco Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 205.99 | 80.05 | 29.92 | |
| 2018-12-31 | 207.68 | 79.05 | 29.62 | |
| 2018-09-30 | 50.51 | 62.15 | 30.75 | |
| 2018-06-30 | 47.96 | 60.48 | 30.78 | |
| 2018-03-31 | 48.58 | 50.81 | 30.64 | |
| 2017-12-31 | 209.43 | 54.75 | 31.24 | |
| 2017-09-30 | -301.27 | 58.59 | 31.18 | |
| 2017-06-30 | -312.52 | 58.72 | 31.57 | |
| 2017-03-31 | 229.03 | 60.49 | 31.63 | |
| 2016-12-31 | 217.25 | 62.40 | 31.54 | |
| 2016-09-30 | 271.50 | 61.50 | 31.97 | |
| 2016-06-30 | 259.38 | 61.06 | 31.85 | |
| 2016-03-31 | 527.17 | 58.62 | 30.89 | |
| 2015-12-31 | 225.67 | 53.91 | 30.78 | |
| 2015-09-30 | 687.28 | 62.30 | 31.98 | |
| 2015-06-30 | 652.93 | 64.63 | 31.80 | |
| 2015-03-31 | 191.17 | 68.35 | 31.35 | |
| 2014-12-31 | 196.83 | 63.92 | 30.47 | |
| 2014-09-30 | 186.47 | 44.44 | 27.65 | |
| 2014-06-30 | 189.18 | 42.17 | 28.46 | |
| 2014-03-31 | 197.09 | 44.96 | 28.10 | |
| 2013-12-31 | 197.42 | 39.95 | 28.53 | |
| 2013-09-30 | 192.77 | 44.83 | 27.62 | |
| 2013-06-30 | 156.12 | 42.73 | 26.84 | |
| 2013-03-31 | 156.07 | 41.84 | 27.89 | |
| 2012-12-31 | 179.35 | 47.78 | 27.23 | |
| 2012-09-30 | 177.27 | 50.69 | 30.15 |
*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.
- Karelia Tobacco has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Karelia Tobacco used its assets more efficiently than the Global Tobacco industry average last year based on Return on Assets.
- Karelia Tobacco's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Karelia Tobacco's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Tobacco industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Karelia Tobacco has a total score of 4/6, 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 Karelia Tobacco'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 Karelia Tobacco's finances.
The net worth of a company is the difference between its assets and liabilities.
- Karelia Tobacco is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Karelia Tobacco's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Karelia Tobacco 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.
All data from Karelia Tobacco Company Filings, last reported 3 months ago.
| Date (Data in EUR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 487.84 | 0.00 | 432.18 |
| 2018-12-31 | 471.77 | 0.00 | 404.10 |
| 2018-09-30 | 442.07 | 0.00 | 407.71 |
| 2018-06-30 | 450.87 | 0.00 | 411.69 |
| 2018-03-31 | 433.11 | 0.00 | 355.71 |
| 2017-12-31 | 418.33 | 0.00 | 337.36 |
| 2017-09-30 | 405.77 | 0.00 | 349.74 |
| 2017-06-30 | 416.23 | 0.00 | 357.74 |
| 2017-03-31 | 407.98 | 0.00 | 282.93 |
| 2016-12-31 | 389.28 | 0.00 | 186.96 |
| 2016-09-30 | 372.05 | 0.00 | 248.73 |
| 2016-06-30 | 380.58 | 54.02 | 186.57 |
| 2016-03-31 | 370.39 | 0.00 | 315.64 |
| 2015-12-31 | 349.81 | 0.00 | 266.31 |
| 2015-09-30 | 333.64 | 0.00 | 314.31 |
| 2015-06-30 | 319.13 | 0.00 | 317.76 |
| 2015-03-31 | 337.17 | 0.00 | 291.53 |
| 2014-12-31 | 321.26 | 0.00 | 263.67 |
| 2014-09-30 | 297.47 | 0.00 | 259.54 |
| 2014-06-30 | 280.64 | 0.00 | 253.85 |
| 2014-03-31 | 292.63 | 0.00 | 230.84 |
| 2013-12-31 | 281.35 | 0.00 | 173.14 |
| 2013-09-30 | 276.73 | 0.00 | 243.76 |
| 2013-06-30 | 262.18 | 0.00 | 251.74 |
| 2013-03-31 | 271.57 | 0.00 | 229.35 |
| 2012-12-31 | 265.05 | 0.00 | 173.16 |
| 2012-09-30 | 255.34 | 0.00 | 210.90 |
- Karelia Tobacco has no debt.
- Karelia Tobacco had no debt 5 years ago.
- Karelia Tobacco has no debt, it does not need to be covered by operating cash flow.
- Karelia Tobacco has no debt, therefore coverage of interest payments is not a concern.
Financial health checks
We assess Karelia Tobacco's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Karelia Tobacco has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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 Karelia Tobacco'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
If you bought
€2,000 of
Karelia Tobacco
shares you are expected to receive
€70
in your first year as a dividend.
Dividend Amount
- Karelia Tobacco's pays a higher dividend yield than the bottom 25% of dividend payers in Greece (1.8%).
- Karelia Tobacco's dividend is below the markets top 25% of dividend payers in Greece (4.09%).
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.
| 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 |
| Global Tobacco Industry Average Dividend Yield | Market Cap Weighted Average of 10 Stocks | 5.8% |
| Greece Market Average Dividend Yield | Market Cap Weighted Average of 50 Stocks | 3.9% |
| Greece Minimum Threshold Dividend Yield | 10th Percentile | 1.2% |
| Greece Bottom 25% Dividend Yield | 25th Percentile | 1.8% |
| Greece Top 25% Dividend Yield | 75th Percentile | 4.1% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in €) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-30 | 9.500 | 3.602 |
| 2019-04-25 | 9.500 | 3.654 |
| 2018-04-27 | 9.200 | 3.546 |
| 2017-05-02 | 9.200 | 3.172 |
| 2016-03-31 | 8.500 | 3.277 |
| 2015-03-30 | 9.300 | 3.919 |
| 2014-03-28 | 8.500 | 3.858 |
| 2013-04-02 | 8.520 | 4.709 |
| 2012-03-30 | 7.600 | 7.000 |
| 2012-03-23 | 7.600 | 8.596 |
| 2011-04-21 | 6.329 | 9.502 |
| 2011-03-23 | 6.329 | 8.937 |
| 2010-06-02 | 4.480 | 7.021 |
| 2010-03-23 | 4.480 | 6.396 |
| 2009-03-03 | 6.500 | 10.346 |
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 increased over the past 10 years.
Income/ dividend checks
We assess Karelia Tobacco's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Karelia Tobacco afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Karelia Tobacco has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
CEO Bio
Mr. Andreas G. Karelias serves as Managing Director and an Executive Member of the Board of Directors at Karelia Tobacco Company Inc (alternate name Karelia Tobacco Company Inc SA) and served as its Chief Executive Officer.
CEO Compensation
- Insufficient data for Andreas to compare compensation growth.
- Insufficient data for Andreas to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team
Andreas Karelias
MD & Executive Director
Efstathios Karelias
Vice-Chairman
Georgios Alevizopoulos
CFO & Finance Director
Ioannis Argyris
Head of Accounting
Board of Directors
Victoria-Margarita Karelia
Chairman
Andreas Karelias
MD & Executive Director
Efstathios Karelias
Vice-Chairman
Vasileios Antonopoulos
Non-Executive Director
Robin Joy
Non-Executive Director
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Karelia Tobacco's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Karelia Tobacco 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
Why Karelia Tobacco Company Inc. (ATH:KARE) Is A Top Dividend Stock
A high yield and a long history of paying dividends is an appealing combination for Karelia Tobacco. … Of the free cash flow it generated last year, Karelia Tobacco paid out 29% as dividends, suggesting the dividend is affordable. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Karelia Tobacco has grown its earnings per share at 15% per annum over the past five years. A company paying out less than a quarter of its earnings as dividends, and growing earnings at more than 10% per annum, looks to be right in the cusp of its growth phase. At the right price, we might be interested. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.
Simply Wall St - – Full articleIs Karelia Tobacco Company Inc.’s (ATH:KARE) 16% Return On Capital Employed Good News?
Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Karelia Tobacco: 0.16 = €79m ÷ (€586m - €103m) (Based on the trailing twelve months to December 2018.) So, Karelia Tobacco has an ROCE of 16%. … Karelia Tobacco's Current Liabilities And Their Impact On Its ROCE Current liabilities are short term bills and invoices that need to be paid in 12 months or less. … The Bottom Line On Karelia Tobacco's ROCE This is good to see, and with a sound ROCE, Karelia Tobacco could be worth a closer look.
Simply Wall St - – Full articleDo Karelia Tobacco Company's (ATH:KARE) Earnings Warrant Your Attention?
If, on the other hand, you like companies that have revenue, and even earn profits, then you may well be interested in Karelia Tobacco Company (ATH:KARE). … How Quickly Is Karelia Tobacco Company Increasing Earnings Per Share. … It seems Karelia Tobacco Company is pretty stable, since revenue and EBIT margins are pretty flat year on year.
Simply Wall St - – Full articleInvestors Who Bought Karelia Tobacco Company (ATH:KARE) Shares Five Years Ago Are Now Up 24%
To wit, the Karelia Tobacco Company share price has climbed 24% in five years, easily topping the market return of -59% (ignoring dividends). … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … Over half a decade, Karelia Tobacco Company managed to grow its earnings per share at 6.8% a year.
Simply Wall St - – Full articleIs Karelia Tobacco Company Inc’s (ATH:KARE) 18% ROCE Any Good?
Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.
Simply Wall St - – Full articleIs Karelia Tobacco Company Inc's (ATH:KARE) ROE Of 14% Concerning?
We'll use ROE to examine Karelia Tobacco Company Inc (ATH:KARE), by way of a worked example. … Another way to think of that is that for every €1 worth of equity in the company, it was able to earn €0.14. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleIs Karelia Tobacco Company Inc (ATH:KARE) A Great Dividend Stock?
Historically, Karelia Tobacco Company Inc (ATH:KARE) has been paying a dividend to shareholders. … Does Karelia Tobacco Company tick all the boxes of a great dividend stock? … See our latest analysis for Karelia Tobacco Company?
Simply Wall St - – Full articleWhat Investors Should Know About Karelia Tobacco Company Inc's (ATH:KARE) Financial Strength
Zero-debt allows substantial financial flexibility, especially for small-cap companies like Karelia Tobacco Company Inc (ATH:KARE), as the company does not have to adhere to strict debt covenants. … However, it also faces higher cost of capital given interest cost is generally lower than equity. … Is KARE right in choosing financial flexibility over lower cost of capital.
Simply Wall St - – Full articleWhat Should You Know About Karelia Tobacco Company Inc's (ATH:KARE) Capital Returns?
and want a simplistic look at the return on Karelia Tobacco Company Inc (ATH:KARE) stock. … Karelia Tobacco Company stock represents an ownership share in the company. … Thus, to understand how your money can grow by investing in Karelia Tobacco Company, 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)
Simply Wall St - – Full articleIs Karelia Tobacco Company Inc's (ATH:KARE) 13% Worse Than Average?
Our data shows Karelia Tobacco Company has a return on equity of 13% for the last year. … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.13 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleCompany Info
Description
Karelia Tobacco Company Inc. engages in the manufacture and wholesale of tobacco products in Greece. The company provides cigarettes, cigars, hand rolling cigarettes, and other duty free tobacco products under the George Karelias and Sons, Omé, Karelia Slims, Karelia Blue, Oriental Mist, American Legend, Leader, Karelia Royal, and Wellington brand names. It also exports its products to approximately 65 countries worldwide. The company was founded in 1888 and is based in Kalamata, Greece.
Details
| Name: | Karelia Tobacco Company Inc. |
| KARE | |
| Exchange: | ATSE |
| Founded: | 1888 |
| €745,200,000 | |
| 2,760,000 | |
| Website: | http://www.karelia.gr |
| Address: |
Karelia Tobacco Company Inc. Athinon Street, Kalamata, 241 00, Greece |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| ATSE | KARE | Common Shares | The Athens Stock Exchange | GR | EUR | 02. Jan 1992 |
Number of employees
Current staff
Industry
| Tobacco | |
| Food, Beverage & Tobacco |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/20 20:47 |
| End of day share price update: | 2019/07/19 00:00 |
| Last earnings filing: | 2019/06/26 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
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.
