Kri-Kri Milk Industry (ATSE:KRI) - Share price, News & Analysis

KRI fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	2/6
Financial Health	6/6
Dividends	3/6

KRI Stock Overview

Kri-Kri Milk Industry S.A. produces and sells dairy products in Greece.

Rewards

Trading at 59.7% below our estimate of its fair value

Risk Analysis

Unstable dividend track record

Kri-Kri Milk Industry Competitors

Danone

ENXTPA:BN

€35.4b

Price History & Performance

Summary of all time highs, changes and price drops for Kri-Kri Milk Industry
Historical stock prices
Current Share Price	€6.34
52 Week High	€8.96
52 Week Low	€6.20
Beta	0.73
1 Month Change	-15.92%
3 Month Change	-20.95%
1 Year Change	-18.09%
3 Year Change	23.35%
5 Year Change	159.84%
Change since IPO	416.65%

Recent News & Updates

May 07

Kri-Kri Milk Industry (ATH:KRI) Has Affirmed Its Dividend Of €0.20

The board of Kri-Kri Milk Industry S.A. ( ATH:KRI ) has announced that it will pay a dividend of €0.20 per share on the...

Apr 23

Kri-Kri Milk Industry's (ATH:KRI) Dividend Will Be €0.20

The board of Kri-Kri Milk Industry S.A. ( ATH:KRI ) has announced that it will pay a dividend on the 24th of August...

Shareholder Returns

	KRI	GR Food	GR Market
7D	-1.6%	-1.7%	-1.7%
1Y	-18.1%	-13.0%	-0.03%

Return vs Industry: KRI underperformed the Greek Food industry which returned -13% over the past year.

Return vs Market: KRI underperformed the Greek Market which returned -0% over the past year.

Price Volatility

Is KRI's price volatile compared to industry and market?
KRI volatility
KRI Average Weekly Movement	4.7%
Food Industry Average Movement	5.0%
Market Average Movement	6.0%
10% most volatile stocks in GR Market	8.2%
10% least volatile stocks in GR Market	3.7%

Stable Share Price: KRI is less volatile than 75% of Greek stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: KRI's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1954	446	Panagiotis Tsinavos	https://www.krikri.gr

Kri-Kri Milk Industry S.A. produces and sells dairy products in Greece. The company offers ice creams, yogurt, and milk. It also exports its products to approximately 24 countries in Europe, the Balkans, and the Middle East.

Kri-Kri Milk Industry Fundamentals Summary

How do Kri-Kri Milk Industry's earnings and revenue compare to its market cap?
KRI fundamental statistics
Market Cap	€208.19m
Earnings (TTM)	€13.21m
Revenue (TTM)	€134.60m

15.9x

P/E Ratio

1.6x

P/S Ratio

Is KRI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
KRI income statement (TTM)
Revenue	€134.60m
Cost of Revenue	€94.08m
Gross Profit	€40.52m
Other Expenses	€27.31m
Earnings	€13.21m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.40
Gross Margin	30.10%
Net Profit Margin	9.81%
Debt/Equity Ratio	10.5%

How did KRI perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

50%

Payout Ratio

Does KRI pay a reliable dividends?

See KRI dividend history and benchmarks

When do you need to buy KRI by to receive an upcoming dividend?
Kri-Kri Milk Industry dividend dates
Ex Dividend Date	Aug 18 2022
Dividend Pay Date	Aug 24 2022
Days until Ex dividend	92 days
Days until Dividend pay date	98 days

Does KRI pay a reliable dividends?

See KRI dividend history and benchmarks

Valuation

Is Kri-Kri Milk Industry undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: KRI (€6.34) is trading below our estimate of fair value (€15.72)

Significantly Below Fair Value: KRI is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: KRI is good value based on its PE Ratio (15.9x) compared to the Greek Food industry average (27.3x).

PE vs Market: KRI is poor value based on its PE Ratio (15.9x) compared to the Greek market (11.7x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: KRI is overvalued based on its PB Ratio (2.5x) compared to the GR Food industry average (1.1x).

Future Growth

How is Kri-Kri Milk Industry forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

0.4%

Forecasted Food, Beverage & Tobacco industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Kri-Kri Milk Industry has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Kri-Kri Milk Industry performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

19.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: KRI has high quality earnings.

Growing Profit Margin: KRI's current net profit margins (9.8%) are lower than last year (12.6%).

Past Earnings Growth Analysis

Earnings Trend: KRI's earnings have grown by 19.9% per year over the past 5 years.

Accelerating Growth: KRI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: KRI had negative earnings growth (-16.6%) over the past year, making it difficult to compare to the Food industry average (13.9%).

Return on Equity

High ROE: KRI's Return on Equity (15.9%) is considered low.

Financial Health

How is Kri-Kri Milk Industry's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: KRI's short term assets (€47.9M) exceed its short term liabilities (€20.3M).

Long Term Liabilities: KRI's short term assets (€47.9M) exceed its long term liabilities (€16.9M).

Debt to Equity History and Analysis

Debt Level: KRI has more cash than its total debt.

Reducing Debt: KRI's debt to equity ratio has reduced from 20.1% to 10.5% over the past 5 years.

Debt Coverage: KRI's debt is well covered by operating cash flow (270.6%).

Interest Coverage: KRI's interest payments on its debt are well covered by EBIT (89.2x coverage).

Balance Sheet

Dividend

What is Kri-Kri Milk Industry current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

3.15%

Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: KRI's dividend (3.15%) is higher than the bottom 25% of dividend payers in the Greek market (1.96%).

High Dividend: KRI's dividend (3.15%) is low compared to the top 25% of dividend payers in the Greek market (5.11%).

Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, KRI has been paying a dividend for less than 10 years.

Growing Dividend: KRI's dividend payments have increased, but the company has only paid a dividend for 7 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (49.9%), KRI's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (53.7%), KRI's dividend payments are covered by cash flows.

Next Steps

Explore strong dividend paying companies in the Food, Beverage & Tobacco industry.

Management

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

1.3yrs

Average board tenure

CEO

Panagiotis Tsinavos

no data

Tenure

Mr. Panayiotis Georgios Tsinavos serves as the Chairman of the Board, Chief Executive Officer and Managing Director at Kri-Kri Milk Industry S.A. (formerly known as Kri Kri S.A.). and serves as its Preside...

Board Members

Experienced Board: KRI's board of directors are not considered experienced ( 1.3 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: KRI insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/17 00:00
End of Day Share Price	2022/05/17 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31