ATSE:SAR

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Proven track record with adequate balance sheet.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-0.7%

SAR

0.1%

GR Personal Products

2.3%

GR Market


1 Year Return

6.4%

SAR

14.6%

GR Personal Products

17.8%

GR Market

SAR underperformed the Personal Products industry which returned 14.6% over the past year.

SAR underperformed the Market in Greece which returned 17.8% over the past year.


Share holder returns

SARIndustryMarket
7 Day-0.7%0.1%2.3%
30 Day1.6%0.2%5.5%
90 Day-1.1%-1.0%5.9%
1 Year8.3%6.4%17.3%14.6%21.6%17.8%
3 Year75.8%66.8%46.1%36.1%63.4%48.9%
5 Year138.7%118.4%104.1%81.8%-78.9%-79.5%

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 based on future cash flows and its price relative to the stock market?

15.81x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Gr. Sarantis's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Gr. Sarantis's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Gr. Sarantis is good value based on earnings compared to the Europe Personal Products industry average.

Gr. Sarantis is good value based on earnings compared to the Greece market.


Price Based on Expected Growth

Gr. Sarantis is poor value based on expected growth next year.


Price Based on Value of Assets

Gr. Sarantis is overvalued based on assets compared to the Europe Personal Products industry average.


Next Steps

Future Growth

How is Gr. Sarantis expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

9.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Gr. Sarantis's revenue is expected to grow by 8.1% yearly, however this is not considered high growth (20% yearly).

Gr. Sarantis's earnings are expected to grow by 9.2% yearly, however this is not considered high growth (20% yearly).

Gr. Sarantis's revenue growth is expected to exceed the Greece market average.

Gr. Sarantis's earnings growth is positive but not above the Greece market average.

Gr. Sarantis's earnings growth is expected to exceed the low risk savings rate of 4.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Gr. Sarantis is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

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

16.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Gr. Sarantis's year on year earnings growth rate has been positive over the past 5 years.

Gr. Sarantis's 1-year earnings growth exceeds its 5-year average (26.8% vs 16.1%)

Gr. Sarantis's earnings growth has exceeded the Europe Personal Products industry average in the past year (26.8% vs -2.1%).


Return on Equity

Gr. Sarantis has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Gr. Sarantis used its assets more efficiently than the Europe Personal Products industry average last year based on Return on Assets.


Return on Capital Employed

Gr. Sarantis's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Gr. Sarantis's financial position?


Financial Position Analysis

Gr. Sarantis is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Gr. Sarantis's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Gr. Sarantis's level of debt (24.9%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (12.9% vs 24.9% today).

Debt is not well covered by operating cash flow (18.8%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 27.8x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 4.1x debt.


Next Steps

Dividend

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

2.37%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Gr. Sarantis's pays a lower dividend yield than the bottom 25% of dividend payers in Greece (1.83%).

Gr. Sarantis's dividend is below the markets top 25% of dividend payers in Greece (3.59%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.6x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (3.1x coverage).


Next Steps

Management

What is the CEO of Gr. Sarantis's salary, the management and board of directors tenure and is there insider trading?

4.8yrs

Average board tenure


CEO

Kyriakos Sarantis 0

0yrs

Tenure

0

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 Age and Tenure

4.8yrs

Average Tenure

The tenure for the Gr. Sarantis board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

Sell€340,43701 Mar 19
Grigoris Sarantis
EntityIndividual
Role
Chairman of the Board
Chairman of the Board of Directors
Shares45,881
Max Price€7.42
Sell€554,40027 Feb 19
Grigoris Sarantis
EntityIndividual
Role
Chairman of the Board
Chairman of the Board of Directors
Shares77,000
Max Price€7.20
Sell€16,50101 Feb 19
Grigoris Sarantis
EntityIndividual
Role
Chairman of the Board
Chairman of the Board of Directors
Shares2,245
Max Price€7.35
Sell€86501 Feb 19
Kyriakos Sarantis
EntityIndividual
Role
Chief Executive Officer
Vice Chairman & CEO
Shares116
Max Price€7.46
Sell€317,83931 Jan 19
Grigoris Sarantis
EntityIndividual
Role
Chairman of the Board
Chairman of the Board of Directors
Shares43,480
Max Price€7.31
Sell€176,41230 Jan 19
Grigoris Sarantis
EntityIndividual
Role
Chairman of the Board
Chairman of the Board of Directors
Shares24,100
Max Price€7.32
Sell€74,00030 Jan 19
Kyriakos Sarantis
EntityIndividual
Role
Chief Executive Officer
Vice Chairman & CEO
Shares10,000
Max Price€7.40
Sell€7,17129 Jan 19
Kyriakos Sarantis
EntityIndividual
Role
Chief Executive Officer
Vice Chairman & CEO
Shares969
Max Price€7.40
Sell€52628 Jan 19
Kyriakos Sarantis
EntityIndividual
Role
Chief Executive Officer
Vice Chairman & CEO
Shares72
Max Price€7.30
Sell€109,50024 Jan 19
Kyriakos Sarantis
EntityIndividual
Role
Chief Executive Officer
Vice Chairman & CEO
Shares15,000
Max Price€7.30
Sell€128,40021 Dec 18
Kyriakos Sarantis
EntityIndividual
Role
Chief Executive Officer
Vice Chairman & CEO
Shares17,258
Max Price€7.44
Sell€189,03205 Dec 18
Kyriakos Sarantis
EntityIndividual
Role
Chief Executive Officer
Vice Chairman & CEO
Shares25,476
Max Price€7.42
Sell€24,27004 Dec 18
Kyriakos Sarantis
EntityIndividual
Role
Chief Executive Officer
Vice Chairman & CEO
Shares3,236
Max Price€7.50
Sell€81,49903 Dec 18
Kyriakos Sarantis
EntityIndividual
Role
Chief Executive Officer
Vice Chairman & CEO
Shares11,288
Max Price€7.22
Buy€30,49217 Oct 18
Kyriakos Sarantis
EntityIndividual
Role
Chief Executive Officer
Vice Chairman & CEO
Shares4,524
Max Price€6.74
Buy€33,85015 Oct 18
Kyriakos Sarantis
EntityIndividual
Role
Chief Executive Officer
Vice Chairman & CEO
Shares5,000
Max Price€6.77
Buy€34,50009 Oct 18
Kyriakos Sarantis
EntityIndividual
Role
Chief Executive Officer
Vice Chairman & CEO
Shares5,000
Max Price€6.90
Sell€492,78327 Sep 18
Grigoris Sarantis
EntityIndividual
Role
Chairman of the Board
Chairman of the Board of Directors
Shares64,332
Max Price€7.66
Sell€428,48825 Sep 18
Kyriakos Sarantis
EntityIndividual
Role
Chief Executive Officer
Vice Chairman & CEO
Shares56,380
Max Price€7.60

Ownership Breakdown


Management Team

  • Konstantinos Stamatiou

    Group Legal Department Director & Executive Director

    • Tenure: 0yrs
  • Kyriakos Sarantis

    Vice Chairman & CEO

    • Tenure: 0yrs
  • Grigoris Sarantis

    Chairman of the Board of Directors

    • Tenure: 0yrs
  • Konstantinos Rozakeas

    Finance Director & Executive Director

    • Tenure: 0yrs
  • Vasilios Meintanis

    Head Accountant

    • Tenure: 0yrs
  • Vaggelis Kipriotis

    Group Chief Commercial Officer

    • Tenure: 2.8yrs
  • Evangelos Siarlis

    Group Human Resources Director

    • Tenure: 2.8yrs

Board Members

  • Konstantinos Stamatiou

    Group Legal Department Director & Executive Director

    • Tenure: 0yrs
  • Kyriakos Sarantis

    Vice Chairman & CEO

    • Tenure: 0yrs
  • Grigoris Sarantis

    Chairman of the Board of Directors

    • Tenure: 0yrs
  • Konstantinos Rozakeas

    Finance Director & Executive Director

    • Tenure: 0yrs
  • Aikaterini Saranti

    Non-Executive Director

    • Tenure: 0yrs
  • Antonios Ayiostratitis

    Non-Executive Director

    • Tenure: 0yrs
  • Dimitris Eustathiou

    Independent Non-Executive Director

    • Tenure: 8.4yrs
  • Christos Economou

    Independent Non-Executive Director

    • Tenure: 0yrs
  • Nikos Nomikos

    Independent Non-Executive Director

    • Tenure: 1.2yrs
  • Efstathiou Dimitrios

    Independent & Non Executive Director

    • Tenure: 0.7yrs

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: €543.210m
  • Shares outstanding: 67.15m
  • Website: https://www.sarantisgroup.com

Number of Employees


Location

  • Gr. Sarantis S.A.
  • 26, Amarousiou - Chalandriou 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 Analysis2019/09/21 20:46
End of Day Share Price2019/09/20 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.