ATSE:NIR

Stock Analysis Report

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Executive Summary

Nireus Aquaculture S.A. produces and trades in Mediterranean aquaculture species worldwide.


Snowflake Analysis

Mediocre balance sheet and overvalued.

Share Price & News

How has Nireus Aquaculture's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NIR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

NIR

1.7%

GR Food

0.2%

GR Market


1 Year Return

21.1%

NIR

11.6%

GR Food

-22.3%

GR Market

Return vs Industry: NIR exceeded the Greek Food industry which returned 9.4% over the past year.

Return vs Market: NIR exceeded the Greek Market which returned -19.9% over the past year.


Shareholder returns

NIRIndustryMarket
7 Day0%1.7%0.2%
30 Day0%-2.4%-4.8%
90 Day-4.2%12.3%5.1%
1 Year21.1%21.1%13.9%11.6%-19.2%-22.3%
3 Year-26.5%-26.5%34.7%29.1%-15.2%-22.4%
5 Year130.0%130.0%131.9%113.5%-68.3%-69.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Nireus Aquaculture undervalued compared to its fair value and its price relative to the market?

0.51x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate NIR's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate NIR's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: NIR is unprofitable, so we can't compare its PE Ratio to the Food industry average.

PE vs Market: NIR 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 NIR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NIR is good value based on its PB Ratio (0.5x) compared to the GR Food industry average (0.7x).


Next Steps

Future Growth

How is Nireus Aquaculture forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.4%

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 Nireus Aquaculture 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.


Next Steps

Past Performance

How has Nireus Aquaculture performed over the past 5 years?

-213.2%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: NIR is currently unprofitable.

Growing Profit Margin: NIR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if NIR's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: NIR is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (42%).


Return on Equity

High ROE: NIR has a negative Return on Equity (-10.47%), as it is currently unprofitable.


Next Steps

Financial Health

How is Nireus Aquaculture's financial position?


Financial Position Analysis

Short Term Liabilities: NIR's short term assets (€146.2M) exceed its short term liabilities (€98.0M).

Long Term Liabilities: NIR's short term assets (€146.2M) exceed its long term liabilities (€137.5M).


Debt to Equity History and Analysis

Debt Level: NIR's debt to equity ratio (121.6%) is considered high.

Reducing Debt: NIR's debt to equity ratio has reduced from 608.7% to 121.6% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if NIR has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if NIR has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Nireus Aquaculture current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate NIR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NIR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NIR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NIR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: NIR is not paying a notable dividend for the Greek market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NIR's dividend in 3 years as they are not forecast to pay a notable one for the Greek market.


Next Steps

Management

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

0.7yrs

Average management tenure


CEO

George Frangoulis (59yo)

0.67

Tenure

Mr. George P. Frangoulis serves as President, Chief Executive Officer & Executive Director at Nireus Aquaculture S.A. since November 27, 2019. He has been the Group Chief Financial Officer of YIOULA Glassw ...


Leadership Team

NamePositionTenureCompensationOwnership
George Frangoulis
President0.67yrno datano data
Theodora Bakratsa
Finance Director of Nireus Group0.58yrno datano data
Konstantopoulos Ioannis
Accounting Managerno datano datano data
Epaminondas Leontidis
Investor Relations Officer & Group Financial Controller4.58yrsno datano data
Maria Labrinou
Head of Group's Legal & Corporate Affairs8.5yrsno datano data
Rhea Eleftheraki
Supply Chain Directorno datano datano data
Dimitrios Dimitriou
VP & Executive Director0.67yrno datano data

0.7yrs

Average Tenure

Experienced Management: NIR's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
George Frangoulis
President0.67yrno datano data
Dimitrios Dimitriou
VP & Executive Director0.67yrno datano data
George Vlachos
Independent Non-Executive Director0.67yrno datano data
Ioannis Giannakakis
Non-Executive Director0.67yrno datano data
Eleni Kyriakoulis
Independent Non-Executive Director0.67yrno datano data

0.7yrs

Average Tenure

Experienced Board: NIR's board of directors are not considered experienced ( 0.7 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

Nireus Aquaculture S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Nireus Aquaculture S.A.
  • Ticker: NIR
  • Exchange: ATSE
  • Founded: 1988
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: €67.618m
  • Shares outstanding: 293.99m
  • Website: https://www.nireus.com

Number of Employees


Location

  • Nireus Aquaculture S.A.
  • 1st Km Koropiou-Varis Avenue
  • Dimokritou
  • Koropi
  • 19400
  • Greece

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NIRATSE (The Athens Stock Exchange)YesOrdinary SharesGREURApr 1995
0FF0LSE (London Stock Exchange)YesOrdinary SharesGBEURApr 1995

Biography

Nireus Aquaculture S.A. produces and trades in Mediterranean aquaculture species worldwide. The company operates in three segments: Aquaculture, Fishfeed, and Aviculture-Stockbreeding. It offers sea bream, sea bass, meagre, and pagrus; ready to cook fish products; fish juveniles; fish feeds; and aquaculture equipment. The company also produces processed fish, and stock and aviculture products; and provides integrated solutions and products to the poultry, swine, and cattle farming industries. Its customers include large super market chains, wholesalers, and processors, as well as aquaculture companies. Nireus Aquaculture S.A. was founded in 1988 and is based in Koropi, Greece. As of November 27, 2019, Nireus Aquaculture S.A. operates as a subsidiary of Andromeda Seafood Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/08 20:58
End of Day Share Price2020/06/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.