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Karelia Tobacco

ATSE:KARE
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KARE
ATSE
€701M
Market Cap
  1. Home
  2. GR
  3. Food, Beverage & Tobacco
Company description

Karelia Tobacco Company Inc. engages in the manufacture and wholesale of tobacco products in Greece. The last earnings update was 53 days ago. More info.


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KARE Share Price and Events
7 Day Returns
-0.8%
ATSE:KARE
-2.7%
Global Tobacco
0.1%
GR Market
1 Year Returns
-5.9%
ATSE:KARE
-12.9%
Global Tobacco
4%
GR Market
KARE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Karelia Tobacco (KARE) -0.8% -3.8% 0% -5.9% 1.6% 10.4%
Global Tobacco -2.7% -4.8% -11.2% -12.9% -23.8% 0.1%
GR Market 0.1% 13.9% 15.6% 4% 31% -83.6%
1 Year Return vs Industry and Market
  • KARE outperformed the Tobacco industry which returned -12.9% over the past year.
  • KARE underperformed the Market in Greece which returned 4% over the past year.
Price Volatility
KARE
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Karelia Tobacco's competitors could be found in our database.

Value

 Is Karelia Tobacco undervalued based on future cash flows and its price relative to the stock market?

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Karelia Tobacco.

ATSE:KARE Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for ATSE:KARE
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 0.39
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.393 (1 + (1- 29%) (0%))
0.593
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.

ATSE:KARE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 16.92%)
2019 45.93 Est @ -46.79% 39.28
2020 31.56 Est @ -31.28% 23.09
2021 25.12 Est @ -20.41% 15.72
2022 21.90 Est @ -12.81% 11.72
2023 20.26 Est @ -7.49% 9.27
2024 19.50 Est @ -3.76% 7.63
2025 19.28 Est @ -1.15% 6.45
2026 19.41 Est @ 0.67% 5.56
2027 19.78 Est @ 1.95% 4.84
2028 20.35 Est @ 2.84% 4.26
Present value of next 10 years cash flows €127.82
ATSE:KARE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €20.35 × (1 + 4.93%) ÷ (16.92% – 4.93%)
€178.03
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €178.03 ÷ (1 + 16.92%)10
€37.28
ATSE:KARE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €127.82 + €37.28
€165.10
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €165.10 / 2.76
€59.82
ATSE:KARE Discount to Share Price
Calculation Result
Value per share (EUR) From above. €59.82
Current discount Discount to share price of €254.00
= -1 x (€254.00 - €59.82) / €59.82
-324.6%

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.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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?
Raw Data
ATSE:KARE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €28.64
ATSE:KARE Share Price ** ATSE (2019-06-18) in EUR €254
Global Tobacco Industry PE Ratio Median Figure of 12 Publicly-Listed Tobacco Companies 13.07x
Greece Market PE Ratio Median Figure of 97 Publicly-Listed Companies 15.65x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Karelia Tobacco.

ATSE:KARE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ATSE:KARE Share Price ÷ EPS (both in EUR)

= 254 ÷ 28.64

8.87x

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?
Raw Data
ATSE:KARE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.87x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
8.4%per year
Global Tobacco Industry PEG Ratio Median Figure of 7 Publicly-Listed Tobacco Companies 1.76x
Greece Market PEG Ratio Median Figure of 22 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?
Raw Data
ATSE:KARE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €170.93
ATSE:KARE Share Price * ATSE (2019-06-18) in EUR €254
Global Tobacco Industry PB Ratio Median Figure of 18 Publicly-Listed Tobacco Companies 1.87x
Greece Market PB Ratio Median Figure of 138 Publicly-Listed Companies 0.91x
ATSE:KARE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ATSE:KARE Share Price ÷ Book Value per Share (both in EUR)

= 254 ÷ 170.93

1.49x

* 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.
X
Value checks
We assess Karelia Tobacco's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Tobacco industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Tobacco industry average (and greater than 0)? (1 check)
  5. 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

 How is Karelia Tobacco expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • 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!
Annual Growth Rate
8.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Karelia Tobacco expected to grow at an attractive rate?
  • 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
Raw Data
ATSE:KARE Future Growth Rates Data Sources
Data Point Source Value (per year)
ATSE:KARE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 8.4%
Global Tobacco Industry Earnings Growth Rate Market Cap Weighted Average 8.2%
Global Tobacco Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
Greece Market Earnings Growth Rate Market Cap Weighted Average 16.5%
Greece Market Revenue Growth Rate Market Cap Weighted Average 4%

*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
Raw Data
ATSE:KARE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ATSE:KARE Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 208 93 79
2018-09-30 211 82 62
2018-06-30 209 80 60
2018-03-31 209 109 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
2016-03-31 527 59 59

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Karelia Tobacco's earnings are expected to grow by 8.4% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Karelia Tobacco is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ATSE:KARE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 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 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ATSE:KARE Past Financials Data
Date (Data in EUR Millions) EPS *
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
2016-03-31 21.24

*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.
X
Future performance checks
We assess Karelia Tobacco's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Global market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Karelia Tobacco's growth in the last year to its industry (Tobacco).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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 (44.4% vs 5.6%)
  • Karelia Tobacco's earnings growth has exceeded the Global Tobacco industry average in the past year (44.4% vs 24.7%).
Earnings and Revenue History
Karelia Tobacco's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Karelia Tobacco Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ATSE:KARE Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 207.68 79.05 29.62
2018-09-30 211.15 62.15 30.75
2018-06-30 208.59 60.48 30.78
2018-03-31 209.22 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
2012-06-30 55.57 50.80 28.48

*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).
X
Past performance checks
We assess Karelia Tobacco's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Tobacco industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Karelia Tobacco's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from Karelia Tobacco Company Filings, last reported 5 months ago.

ATSE:KARE Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
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
2012-06-30 242.89 0.00 194.75
  • 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.
X
Financial health checks
We assess Karelia Tobacco's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Karelia Tobacco has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
3.74%
Current annual income from Karelia Tobacco dividends.
If you bought €2,000 of Karelia Tobacco shares you are expected to receive €75 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Karelia Tobacco's pays a higher dividend yield than the bottom 25% of dividend payers in Greece (1.87%).
  • Karelia Tobacco's dividend is below the markets top 25% of dividend payers in Greece (4.11%).
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.
Raw Data
ATSE:KARE Annualized Past and Future Dividends
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 6%
Greece Market Average Dividend Yield Market Cap Weighted Average of 50 Stocks 4.1%
Greece Minimum Threshold Dividend Yield 10th Percentile 1.3%
Greece Bottom 25% Dividend Yield 25th Percentile 1.9%
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.

ATSE:KARE Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-30 9.500 3.616
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

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Karelia Tobacco has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Karelia Tobacco only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Karelia Tobacco's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Karelia Tobacco's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. Karelia Tobacco has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Karelia Tobacco's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Andreas Karelias
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

TITLE
MD & Executive Director

Efstathios Karelias

TITLE
Vice-Chairman

Georgios Alevizopoulos

TITLE
CFO & Finance Director

Ioannis Argyris

TITLE
Head of Accounting
Board of Directors

Victoria-Margarita Karelia

TITLE
Chairman

Andreas Karelias

TITLE
MD & Executive Director

Efstathios Karelias

TITLE
Vice-Chairman

Vasileios Antonopoulos

TITLE
Non-Executive Director

Robin Joy

TITLE
Non-Executive Director
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Karelia Tobacco's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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

Is 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.

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Do 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.

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Investors 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.

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Is 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.

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Is 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

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Is 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?

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What 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.

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What 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)

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Is 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

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Has Karelia Tobacco Company Inc (ATH:KARE) Improved Earnings Growth In Recent Times?

When Karelia Tobacco Company Inc's (ATH:KARE) announced its latest earnings (30 June 2018), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were Karelia Tobacco Company's average earnings over the past couple of years, and its industry performance. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 5.5%, indicating the rate at which KARE is growing has slowed down

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Company 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
€701,040,000
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
Staff numbers
542
Karelia Tobacco employees.
Industry
Tobacco
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 20:40
End of day share price update: 2019/06/18 00:00
Last earnings filing: 2019/04/26
Last earnings reported: 2018/12/31
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.