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%

SAR

-0.6%

GR Personal Products

3.4%

GR Market


1 Year Return

16.7%

SAR

21.8%

GR Personal Products

26.9%

GR Market

Return vs Industry: SAR underperformed the Greek Personal Products industry which returned 21.8% over the past year.

Return vs Market: SAR underperformed the Greek Market which returned 26.9% over the past year.


Shareholder returns

SARIndustryMarket
7 Day0%-0.6%3.4%
30 Day-2.7%0.5%0.07%
90 Day-9.5%-1.0%0.9%
1 Year18.8%16.7%24.6%21.8%30.9%26.9%
3 Year68.2%59.6%49.9%39.7%57.3%43.4%
5 Year119.2%100.5%108.3%85.5%-77.8%-78.4%

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?

15.28x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: SAR (€7.82) is trading above our estimate of fair value (€7.58)

Significantly Undervalued: 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 (15.3x) compared to the Personal Products industry average (21.6x).

PE vs Market: SAR is good value based on its PE Ratio (15.3x) compared to the Greek market (16.2x).


Price to Earnings Growth Ratio

Low PEG Ratio: SAR is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: SAR is overvalued based on its PB Ratio (2.3x) compared to the XE Personal Products industry average (2.1x).


Next Steps

Future Growth

How is Gr. Sarantis forecast 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 Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SAR's forecast earnings growth (9.2% per year) is above the savings rate (4.9%).

Earnings vs Market: SAR's earnings (9.2% per year) are forecast to grow slower than the Greek market (16.6% per year).

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

Revenue vs Market: SAR's revenue (8.3% per year) is forecast to grow faster than the Greek market (4% per year).

High Growth Revenue: SAR's revenue (8.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: SAR's Return on Equity is forecast to be low in 3 years time (15.1%).


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

Earnings Trend: SAR's earnings have grown by 16.1% per year over the past 5 years.

Accelerating Growth: SAR's earnings growth over the past year (26.8%) exceeds its 5-year average (16.1% per year).

Earnings vs Industry: SAR earnings growth over the past year (26.8%) exceeded the Personal Products industry 3.6%.


Return on Equity

High ROE: SAR's Return on Equity (15.3%) is considered low.


Return on Assets

ROA vs Industry: SAR has a higher Return on Assets than the Personal Products industry average last year.


Return on Capital Employed

ROCE Improving: SAR's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Gr. Sarantis's financial position?


Financial Position Analysis

Short Term Liabilities: SAR's short term assets (€235.4M) exceeds its short term liabilities (€103.8M)

Long Term Liabilities: SAR's short term assets (235.4M) exceeds its long term liabilities (58.9M)


Debt to Equity History and Analysis

Debt Level: SAR's debt to equity ratio (24.9%) is considered satisfactory

Reducing Debt: SAR's debt to equity ratio has increased from 12.9% to 24.9% over the past 5 years.

Debt Coverage: SAR's debt is not well covered by operating cash flow (18.8%).

Interest Coverage: SAR's interest payments on its debt are well covered by EBIT (27.8x coverage).


Balance Sheet

Inventory Level: SAR has a high level of physical assets or inventory.

Debt Coverage by Assets: SAR's debt is covered by short term assets (assets are 4.143340x debt).


Next Steps

Dividend

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

1.83%

Current Dividend Yield


Dividend Yield vs Market

company1.8%marketbottom25%1.9%markettop25%3.7%industryaverage2.2%forecastin3Years2.3%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: SAR's dividend (1.83%) isn’t notable compared to the bottom 25% of dividend payers in the Greek market (1.89%).

High Dividend: SAR's dividend (1.83%) is low compared to the top 25% of dividend payers in the Greek market (3.66%).

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 (28%), 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 (32.1% payout ratio).


Next Steps

Management

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

4.9yrs

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

4.9yrs

Average Tenure

Experienced Board: SAR's board of directors are considered experienced (4.9 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


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€74,00030 Jan 19
Kyriakos Sarantis
EntityIndividual
Role
Chief Executive Officer
Vice Chairman & CEO
Shares10,000
Max Price€7.40
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€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

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: 2.9yrs

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: 8.5yrs
  • Christos Economou

    Independent Non-Executive Director

    • Tenure: 0yrs
  • Nikos Nomikos

    Independent Non-Executive Director

    • Tenure: 1.3yrs
  • Efstathiou Dimitrios

    Independent & Non Executive Director

    • Tenure: 0.8yrs

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: €525.081m
  • 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 Analysis2019/10/16 20:45
End of Day Share Price2019/10/16 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.