ATSE:PAP

Stock Analysis Report

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Executive Summary

Papoutsanis S.A. produces and sells body, face, and hair care products in Greece and internationally.


Snowflake Analysis

Solid track record with adequate balance sheet.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

3.6%

PAP

-1.5%

GR Personal Products

-3.7%

GR Market


1 Year Return

10.2%

PAP

-0.6%

GR Personal Products

-22.9%

GR Market

Return vs Industry: PAP exceeded the Greek Personal Products industry which returned -0.8% over the past year.

Return vs Market: PAP exceeded the Greek Market which returned -23% over the past year.


Shareholder returns

PAPIndustryMarket
7 Day3.6%-1.5%-3.7%
30 Day3.8%3.2%-3.2%
90 Day30.8%9.8%3.9%
1 Year12.2%10.2%1.5%-0.6%-19.9%-22.9%
3 Year307.7%290.5%27.2%18.8%-17.4%-24.4%
5 Year282.4%266.3%52.9%36.3%-68.7%-70.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

7.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PAP (€1.89) is trading below our estimate of fair value (€2.03)

Significantly Below Fair Value: PAP is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: PAP is poor value based on its PE Ratio (25x) compared to the XE Personal Products industry average (24.6x).

PE vs Market: PAP is poor value based on its PE Ratio (25x) compared to the Greek market (14.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PAP is overvalued based on its PB Ratio (2.5x) compared to the XE Personal Products industry average (2.1x).


Next Steps

Future Growth

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

7.6%

Forecasted Household 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 Papoutsanis 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 Papoutsanis performed over the past 5 years?

72.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PAP has high quality earnings.

Growing Profit Margin: PAP's current net profit margins (5.8%) are higher than last year (3.7%).


Past Earnings Growth Analysis

Earnings Trend: PAP has become profitable over the past 5 years, growing earnings by 72.6% per year.

Accelerating Growth: PAP's earnings growth over the past year (116.1%) exceeds its 5-year average (72.6% per year).

Earnings vs Industry: PAP earnings growth over the past year (116.1%) exceeded the Personal Products industry 1.5%.


Return on Equity

High ROE: PAP's Return on Equity (9.8%) is considered low.


Next Steps

Financial Health

How is Papoutsanis's financial position?


Financial Position Analysis

Short Term Liabilities: PAP's short term assets (€20.2M) exceed its short term liabilities (€14.0M).

Long Term Liabilities: PAP's short term assets (€20.2M) exceed its long term liabilities (€16.5M).


Debt to Equity History and Analysis

Debt Level: PAP's debt to equity ratio (74.9%) is considered high.

Reducing Debt: PAP's debt to equity ratio has increased from 40.8% to 74.9% over the past 5 years.

Debt Coverage: PAP's debt is well covered by operating cash flow (34.3%).

Interest Coverage: PAP's interest payments on its debt are well covered by EBIT (6.6x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate PAP'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 PAP's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PAP'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?

10.1yrs

Average board tenure


CEO

Papoutsanis has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Georgios Gkatzaros
Executive Chairman10.08yrsno datano data
Mary Iskalatian
CFO, Finance Director & Executive Directorno datano datano data
Menelaos Tasopoulos
Executive Vice-Chairman10.08yrsno datano data
Georgios Minoudis
Non-Executive Director10.08yrsno datano data
Dimitrios Papoutsanis
Independent Non-Executive Director10.08yrsno datano data
Christos Georgalis
Independent Non-Executive Directorno datano datano data

10.1yrs

Average Tenure

Experienced Board: PAP's board of directors are seasoned and experienced ( 10.1 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

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


Key Information

  • Name: Papoutsanis S.A.
  • Ticker: PAP
  • Exchange: ATSE
  • Founded: 1870
  • Industry: Personal Products
  • Sector: Household
  • Market Cap: €47.474m
  • Shares outstanding: 25.12m
  • Website: https://www.papoutsanis.gr

Location

  • Papoutsanis S.A.
  • 71st Km National Road
  • Athens - Lamia
  • Chalkida
  • 34100
  • Greece

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PAPATSE (The Athens Stock Exchange)YesCommon SharesGREURJul 1993
0Z7ZLSE (London Stock Exchange)YesCommon SharesGBEURJul 1993

Biography

Papoutsanis S.A. produces and sells body, face, and hair care products in Greece and internationally. The company offers facial and bar soaps, shampoos, conditioners, bath and shaving foams, bar shoaps, shower gels, body lotions, liquid soaps, hand washes, hand creams, face cleaners, body oils, hair masks, and hair oils; and kids shampoo and shower gels. It offers its products under the AHAVA ?otel ?menities, Aromatics, Eau De Grece ?otel ?menities, Glycerine Soap, Green Olive Soap, Hair Chic, Karavaki, KARAVAKI Hotel Amenities, Korres Hotel ?menities, L'OCCITANE Hotel ?menities, Natura, Olive Care ?otel ?menities, Olivia, Olivia Fusion Hotel Amenities, Olivia Hotel Amenities, Papoutsanis, Papoutsanis For Kids ?otel ?menities, Sarbacane ?otel ?menities, Skin Essentials Hotel Amenities, and Soap Noodles melt & pour brands. The company was formerly known as Plias SA. Papoutsanis S.A. was founded in 1870 and is based in Chalkida, Greece. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/10 20:56
End of Day Share Price2020/07/10 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.