ATSE:SAR

Stock Analysis Report

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Executive Summary

Gr. Sarantis S.A., together with its subsidiaries, produces and trades in cosmetics, household products, and parapharmaceutical items in Greece. More Details


Snowflake Analysis

Excellent balance sheet with proven track record.

Share Price & News

How has Gr. Sarantis's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-4.1%

SAR

-1.4%

GR Personal Products

-0.3%

GR Market


1 Year Return

4.9%

SAR

1.8%

GR Personal Products

-21.0%

GR Market

Return vs Industry: SAR exceeded the Greek Personal Products industry which returned 1.8% over the past year.

Return vs Market: SAR exceeded the Greek Market which returned -21% over the past year.


Shareholder returns

SARIndustryMarket
7 Day-4.1%-1.4%-0.3%
30 Day-1.3%2.2%3.1%
90 Day-3.8%0.2%-1.3%
1 Year7.0%4.9%4.1%1.8%-17.9%-21.0%
3 Year50.0%41.7%31.1%22.3%3.0%-7.0%
5 Year165.8%142.9%79.0%59.7%-18.7%-26.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Gr. Sarantis undervalued compared to its fair value and its price relative to the market?

14.28x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SAR (€8.5) is trading above our estimate of fair value (€4.1)

Significantly Below Fair Value: SAR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SAR is good value based on its PE Ratio (14.3x) compared to the XE Personal Products industry average (20.3x).

PE vs Market: SAR is poor value based on its PE Ratio (14.3x) compared to the Greek market (13.6x).


Price to Earnings Growth Ratio

PEG Ratio: SAR is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: SAR is good value based on its PB Ratio (2.3x) compared to the XE Personal Products industry average (2.4x).


Next Steps

Future Growth

How is Gr. Sarantis forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

10.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SAR's forecast earnings growth (10% per year) is above the savings rate (5.7%).

Earnings vs Market: SAR's earnings (10% per year) are forecast to grow slower than the Greek market (30.6% per year).

High Growth Earnings: SAR's earnings are forecast to grow, but not significantly.

Revenue vs Market: SAR's revenue (6.6% per year) is forecast to grow faster than the Greek market (5.4% per year).

High Growth Revenue: SAR's revenue (6.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SAR's Return on Equity is forecast to be low in 3 years time (14.6%).


Next Steps

Past Performance

How has Gr. Sarantis performed over the past 5 years?

14.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SAR has high quality earnings.

Growing Profit Margin: SAR's current net profit margins (10.5%) are higher than last year (9.7%).


Past Earnings Growth Analysis

Earnings Trend: SAR's earnings have grown by 14.4% per year over the past 5 years.

Accelerating Growth: SAR's earnings growth over the past year (16.3%) exceeds its 5-year average (14.4% per year).

Earnings vs Industry: SAR earnings growth over the past year (16.3%) underperformed the Personal Products industry 22.1%.


Return on Equity

High ROE: SAR's Return on Equity (16.1%) is considered low.


Next Steps

Financial Health

How is Gr. Sarantis's financial position?


Financial Position Analysis

Short Term Liabilities: SAR's short term assets (€255.1M) exceed its short term liabilities (€100.0M).

Long Term Liabilities: SAR's short term assets (€255.1M) exceed its long term liabilities (€74.5M).


Debt to Equity History and Analysis

Debt Level: SAR's debt to equity ratio (26.7%) is considered satisfactory.

Reducing Debt: SAR's debt to equity ratio has increased from 20.6% to 26.7% over the past 5 years.

Debt Coverage: SAR's debt is well covered by operating cash flow (53.9%).

Interest Coverage: SAR's interest payments on its debt are well covered by EBIT (34.8x coverage).


Balance Sheet


Next Steps

Dividend

What is Gr. Sarantis's current dividend yield, its reliability and sustainability?

1.89%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SAR's dividend (1.89%) isn’t notable compared to the bottom 25% of dividend payers in the Greek market (2.17%).

High Dividend: SAR's dividend (1.89%) is low compared to the top 25% of dividend payers in the Greek market (6.44%).


Stability and Growth of Payments

Stable Dividend: SAR's dividend payments have been volatile in the past 10 years.

Growing Dividend: SAR's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (27%), SAR's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SAR's dividends in 3 years are forecast to be well covered by earnings (31.8% payout ratio).


Next Steps

Management

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

5.8yrs

Average board tenure


CEO

Kyriakos Sarantis

no data

Tenure

Mr. Kiriakos P. Sarantis serves as Chief Executive Officer of GR Sarantis SA. Mr. Sarantis served as Managing Director of GR Sarantis SA. He has been Vice President of Board of Directors at GR Sarantis SA ...


Board Members

NamePositionTenureCompensationOwnership
Grigoris Sarantis
Chairman of the Board of Directorsno datano data1.07%
€ 6.1m
Kyriakos Sarantis
Vice Chairman & CEOno datano data3.06%
€ 17.5m
Konstantinos Rozakeas
Finance Director & Executive Directorno datano datano data
Konstantinos Stamatiou
Group Legal Department Director & Executive Directorno datano datano data
Aikaterini Saranti
Non-Executive Directorno datano data2.89%
€ 16.5m
Antonios Ayiostratitis
Non-Executive Directorno datano datano data
Dimitris Eustathiou
Independent Non-Executive Director9.42yrsno datano data
Christos Economou
Independent Non-Executive Directorno datano datano data
Nikos Nomikos
Independent Non-Executive Director2.17yrsno datano data
Efstathiou Dimitrios
Independent & Non Executive Director1.67yrsno datano data

5.8yrs

Average Tenure

Experienced Board: SAR's board of directors are considered experienced (5.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SAR 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.


Top Shareholders

Company Information

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


Key Information

  • Name: Gr. Sarantis S.A.
  • Ticker: SAR
  • Exchange: ATSE
  • Founded: 1930
  • Industry: Personal Products
  • Sector: Household
  • Market Cap: €570.457m
  • Shares outstanding: 67.11m
  • Website: https://www.sarantisgroup.com

Number of Employees


Location

  • Gr. Sarantis S.A.
  • 26, Amarousiou - Halandriou Street
  • Marousi
  • Athens
  • 151 25
  • Greece

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SARATSE (The Athens Stock Exchange)YesCommon Registered SharesGREURJul 1994
0IIOLSE (London Stock Exchange)YesCommon Registered SharesGBEURJul 1994
SSA1DB (Deutsche Boerse AG)YesCommon Registered SharesDEEURJul 1994
SRTS.FOTCPK (Pink Sheets LLC)YesCommon Registered SharesUSUSDJul 1994

Biography

Gr. Sarantis S.A., together with its subsidiaries, produces and trades in cosmetics, household products, and parapharmaceutical items in Greece. It operates through four segments: Mass Market Cosmetics, Ho ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/22 04:02
End of Day Share Price2020/09/21 00:00
Earnings2020/06/30
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.