Loading...

Gr. Sarantis

ATSE:SAR
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SAR
ATSE
€564M
Market Cap
  1. Home
  2. GR
  3. Household
Company description

Gr. Sarantis S.A., together with its subsidiaries, produces and trades in cosmetics, household products, and parapharmaceutical items in Greece. The last earnings update was 101 days ago. More info.


Add to Portfolio Compare Print
SAR Share Price and Events
7 Day Returns
-5.5%
ATSE:SAR
-0.5%
Europe Personal Products
1.2%
GR Market
1 Year Returns
16.7%
ATSE:SAR
12.4%
Europe Personal Products
10.1%
GR Market
SAR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gr. Sarantis (SAR) -5.5% 7.7% 12.8% 16.7% 115.4% 133.3%
Europe Personal Products -0.5% -0.6% 5.6% 12.4% 35.8% 82.6%
GR Market 1.2% 2.9% 10.2% 10.1% 43.3% -81.1%
1 Year Return vs Industry and Market
  • SAR outperformed the Personal Products industry which returned 12.4% over the past year.
  • SAR outperformed the Market in Greece which returned 10.1% over the past year.
Price Volatility
SAR
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Gr. Sarantis undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Gr. Sarantis to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Gr. Sarantis.

ATSE:SAR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 17.9%
Perpetual Growth Rate 10-Year GR Government Bond Rate 4.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ATSE:SAR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GR Govt Bond Rate 4.9%
Equity Risk Premium S&P Global 15%
Personal Products Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 29%) (8.11%))
0.864
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 4.93% + (0.864 * 14.99%)
17.88%

Discounted Cash Flow Calculation for ATSE:SAR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Gr. Sarantis is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ATSE:SAR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 17.88%)
2020 51.95 Analyst x2 44.07
2021 55.40 Analyst x2 39.87
2022 58.71 Est @ 5.98% 35.84
2023 62.04 Est @ 5.67% 32.13
2024 65.42 Est @ 5.45% 28.74
2025 68.88 Est @ 5.29% 25.67
2026 72.45 Est @ 5.18% 22.91
2027 76.15 Est @ 5.11% 20.42
2028 80.00 Est @ 5.06% 18.20
2029 84.02 Est @ 5.02% 16.22
Present value of next 10 years cash flows €284.06
ATSE:SAR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €84.02 × (1 + 4.93%) ÷ (17.88% – 4.93%)
€680.82
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €680.82 ÷ (1 + 17.88%)10
€131.39
ATSE:SAR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €284.06 + €131.39
€415.45
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €415.45 / 67.15
€6.19
ATSE:SAR Discount to Share Price
Calculation Result
Value per share (EUR) From above. €6.19
Current discount Discount to share price of €8.40
= -1 x (€8.40 - €6.19) / €6.19
-35.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Gr. Sarantis is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Gr. Sarantis's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gr. Sarantis's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ATSE:SAR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.48
ATSE:SAR Share Price ** ATSE (2019-07-19) in EUR €8.4
Europe Personal Products Industry PE Ratio Median Figure of 26 Publicly-Listed Personal Products Companies 17.98x
Greece Market PE Ratio Median Figure of 98 Publicly-Listed Companies 17.05x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Gr. Sarantis.

ATSE:SAR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ATSE:SAR Share Price ÷ EPS (both in EUR)

= 8.4 ÷ 0.48

17.5x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gr. Sarantis is good value based on earnings compared to the Europe Personal Products industry average.
  • Gr. Sarantis is overvalued based on earnings compared to the Greece market.
Price based on expected Growth
Does Gr. Sarantis's expected growth come at a high price?
Raw Data
ATSE:SAR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
9.6%per year
Europe Personal Products Industry PEG Ratio Median Figure of 17 Publicly-Listed Personal Products Companies 0.88x
Greece Market PEG Ratio Median Figure of 23 Publicly-Listed Companies 1.34x

*Line of best fit is calculated by linear regression .

ATSE:SAR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.5x ÷ 9.6%

1.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gr. Sarantis is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Gr. Sarantis's assets?
Raw Data
ATSE:SAR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €3.31
ATSE:SAR Share Price * ATSE (2019-07-19) in EUR €8.4
Europe Personal Products Industry PB Ratio Median Figure of 37 Publicly-Listed Personal Products Companies 2.44x
Greece Market PB Ratio Median Figure of 138 Publicly-Listed Companies 0.95x
ATSE:SAR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ATSE:SAR Share Price ÷ Book Value per Share (both in EUR)

= 8.4 ÷ 3.31

2.54x

* Primary Listing of Gr. Sarantis.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gr. Sarantis is overvalued based on assets compared to the Europe Personal Products industry average.
X
Value checks
We assess Gr. Sarantis's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Personal Products industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Personal Products industry average (and greater than 0)? (1 check)
  5. Gr. Sarantis has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gr. Sarantis expected to grow at an attractive rate?
  • Gr. Sarantis's earnings growth is expected to exceed the low risk savings rate of 4.9%.
Growth vs Market Checks
  • Gr. Sarantis's earnings growth is positive but not above the Greece market average.
  • Gr. Sarantis's revenue growth is expected to exceed the Greece market average.
Annual Growth Rates Comparison
Raw Data
ATSE:SAR Future Growth Rates Data Sources
Data Point Source Value (per year)
ATSE:SAR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 9.6%
ATSE:SAR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 7%
Europe Personal Products Industry Earnings Growth Rate Market Cap Weighted Average -0.2%
Europe Personal Products Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
Greece Market Earnings Growth Rate Market Cap Weighted Average 16.2%
Greece Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ATSE:SAR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ATSE:SAR Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 427 37 44 2
2020-12-31 401 35 40 4
2019-12-31 379 29 36 4
ATSE:SAR Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 344 11 33
2018-09-30 329 15 30
2018-06-30 357 20 27
2018-03-31 350 24 28
2017-12-31 300 28 29
2017-09-30 308 22 29
2017-06-30 315 15 29
2017-03-31 322 13 27
2016-12-31 329 10 25
2016-09-30 323 11 25
2016-06-30 306 12 23
2016-03-31 303 12 22

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Gr. Sarantis's earnings are expected to grow by 9.6% yearly, however this is not considered high growth (20% yearly).
  • Gr. Sarantis's revenue is expected to grow by 7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ATSE:SAR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Gr. Sarantis Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ATSE:SAR Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.64 0.68 0.60 2.00
2020-12-31 0.57 0.60 0.54 4.00
2019-12-31 0.51 0.52 0.50 3.00
ATSE:SAR Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.48
2018-09-30 0.44
2018-06-30 0.40
2018-03-31 0.41
2017-12-31 0.42
2017-09-30 0.42
2017-06-30 0.42
2017-03-31 0.39
2016-12-31 0.35
2016-09-30 0.36
2016-06-30 0.34
2016-03-31 0.32

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Gr. Sarantis is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Gr. Sarantis's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Gr. Sarantis has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Gr. Sarantis's growth in the last year to its industry (Personal Products).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Gr. Sarantis's year on year earnings growth rate has been positive over the past 5 years.
  • Gr. Sarantis's 1-year earnings growth is less than its 5-year average (13.7% vs 16.3%)
  • Gr. Sarantis's earnings growth has exceeded the Europe Personal Products industry average in the past year (13.7% vs 11%).
Earnings and Revenue History
Gr. Sarantis's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Gr. Sarantis Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ATSE:SAR Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 344.00 32.54 98.86
2018-09-30 329.00 29.82 98.01
2018-06-30 357.47 27.10 141.83
2018-03-31 350.31 27.87 139.52
2017-12-31 299.68 28.63 92.54
2017-09-30 307.51 29.01 103.69
2017-06-30 315.34 29.40 114.84
2017-03-31 322.18 26.96 123.78
2016-12-31 329.02 24.52 132.72
2016-09-30 322.92 24.89 128.80
2016-06-30 305.98 23.25 121.19
2016-03-31 303.19 22.28 122.54
2015-12-31 278.76 19.78 114.20
2015-09-30 266.46 18.80 108.14
2015-06-30 260.06 17.20 108.66
2015-03-31 252.99 16.97 106.29
2014-12-31 248.44 17.23 105.34
2014-09-30 246.84 14.54 109.80
2014-06-30 241.55 14.25 106.66
2014-03-31 236.87 15.08 104.17
2013-12-31 236.50 15.53 103.14
2013-09-30 234.52 15.72 100.07
2013-06-30 235.01 15.02 99.77
2013-03-31 234.14 12.90 100.11
2012-12-31 236.00 11.69 100.11
2012-09-30 231.12 10.84 99.26

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Gr. Sarantis has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Gr. Sarantis used its assets more efficiently than the Europe Personal Products industry average last year based on Return on Assets.
  • Gr. Sarantis has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Gr. Sarantis's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Personal Products industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Gr. Sarantis has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Gr. Sarantis's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Gr. Sarantis's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 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.
Balance sheet
This treemap shows a more detailed breakdown of Gr. Sarantis's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Gr. Sarantis Company Filings, last reported 6 months ago.

ATSE:SAR Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 224.63 45.72 34.19
2018-09-30 224.63 45.72 34.19
2018-06-30 201.84 47.44 23.12
2018-03-31 201.84 47.44 23.12
2017-12-31 201.44 31.73 47.92
2017-09-30 201.44 31.73 47.92
2017-06-30 193.09 34.72 34.29
2017-03-31 193.09 34.72 34.29
2016-12-31 184.03 34.68 41.03
2016-09-30 184.03 34.68 41.03
2016-06-30 166.84 35.03 27.28
2016-03-31 166.84 35.03 27.28
2015-12-31 167.41 34.16 40.45
2015-09-30 160.06 32.00 35.07
2015-06-30 154.98 32.00 24.58
2015-03-31 157.27 32.00 35.66
2014-12-31 159.64 17.00 25.25
2014-09-30 153.91 19.45 25.68
2014-06-30 149.32 19.24 15.36
2014-03-31 156.29 17.00 29.01
2013-12-31 154.44 17.00 38.69
2013-09-30 151.58 37.50 46.26
2013-06-30 147.22 39.61 39.28
2013-03-31 144.53 45.88 48.58
2012-12-31 142.60 52.00 40.84
2012-09-30 131.78 56.46 28.15
  • Gr. Sarantis's level of debt (20.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (11% vs 20.4% today).
  • Debt is well covered by operating cash flow (23.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 32.4x coverage).
X
Financial health checks
We assess Gr. Sarantis's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Gr. Sarantis has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.7%
Current annual income from Gr. Sarantis dividends. Estimated to be 2.16% next year.
If you bought €2,000 of Gr. Sarantis shares you are expected to receive €34 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Gr. Sarantis's pays a lower dividend yield than the bottom 25% of dividend payers in Greece (1.8%).
  • Gr. Sarantis's dividend is below the markets top 25% of dividend payers in Greece (4.09%).
Upcoming dividend payment

Purchase Gr. Sarantis before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ATSE:SAR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Europe Personal Products Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 2.3%
Greece Market Average Dividend Yield Market Cap Weighted Average of 50 Stocks 3.9%
Greece Minimum Threshold Dividend Yield 10th Percentile 1.2%
Greece Bottom 25% Dividend Yield 25th Percentile 1.8%
Greece Top 25% Dividend Yield 75th Percentile 4.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ATSE:SAR Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.21 2.00
2020-12-31 0.18 4.00
2019-12-31 0.17 3.00
ATSE:SAR Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-10 0.143 1.845
2018-03-27 0.140 1.956
2017-03-21 0.088 1.383
2016-03-15 0.080 1.679
2015-08-03 0.075 2.072
2015-03-18 0.075 1.929
2014-03-19 0.150 4.088
2011-11-29 0.000 0.000
2011-11-23 0.000 0.000
2011-08-29 0.000 0.000
2011-08-25 0.000 0.000
2011-05-30 0.000 0.000
2011-05-02 0.000 0.000
2011-03-23 0.000 0.000
2010-01-15 0.005 0.267
2009-01-15 0.015 0.750
2008-12-31 0.015 0.703

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
What portion of Gr. Sarantis's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.1x coverage).
X
Income/ dividend checks
We assess Gr. Sarantis's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Gr. Sarantis afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gr. Sarantis has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kyriakos Sarantis
CEO Bio

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 Since March 2005. He serves as Executive Director of GR Sarantis SA.

CEO Compensation
  • Insufficient data for Kyriakos to compare compensation growth.
  • Insufficient data for Kyriakos to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team

Grigoris Sarantis

TITLE
Chairman of the Board of Directors

Kyriakos Sarantis

TITLE
Vice Chairman & CEO

Konstantinos Rozakeas

TITLE
Finance Director & Executive Director

Vasilios Meintanis

TITLE
Head Accountant

Konstantinos Stamatiou

TITLE
Group Legal Department Director & Executive Director

Evangelos Siarlis

TITLE
Group Human Resources Director
TENURE
2.7 yrs

Vaggelis Kipriotis

TITLE
Group Chief Commercial Officer
TENURE
2.6 yrs
Board of Directors Tenure

Average tenure of the Gr. Sarantis board of directors in years:

4.6
Average Tenure
  • The tenure for the Gr. Sarantis board of directors is about average.
Board of Directors

Kyriakos Sarantis

TITLE
Vice Chairman & CEO
TENURE
14.3 yrs

Konstantinos Rozakeas

TITLE
Finance Director & Executive Director

Konstantinos Stamatiou

TITLE
Group Legal Department Director & Executive Director

Nikos Nomikos

TITLE
Independent Non-Executive Director
TENURE
1 yrs

Grigoris Sarantis

TITLE
Chairman of the Board of Directors

Dimitris Eustathiou

TITLE
Independent Non-Executive Director
TENURE
8.3 yrs

Aikaterini Saranti

TITLE
Non-Executive Director

Antonios Ayiostratitis

TITLE
Non-Executive Director

Christos Economou

TITLE
Independent Non-Executive Director

Efstathiou Dimitrios

TITLE
Independent & Non Executive Director
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
27. Feb 19 Sell Grigoris Sarantis Individual 27. Feb 19 27. Feb 19 -77,000 €7.20 €-554,400
01. Mar 19 Sell Grigoris Sarantis Individual 01. Mar 19 01. Mar 19 -45,881 €7.42 €-340,437
01. Feb 19 Sell Grigoris Sarantis Individual 01. Feb 19 01. Feb 19 -2,245 €7.35 €-16,501
01. Feb 19 Sell Kyriakos Sarantis Individual 01. Feb 19 01. Feb 19 -116 €7.46 €-865
31. Jan 19 Sell Grigoris Sarantis Individual 31. Jan 19 31. Jan 19 -43,480 €7.31 €-317,839
30. Jan 19 Sell Grigoris Sarantis Individual 30. Jan 19 30. Jan 19 -24,100 €7.32 €-176,412
30. Jan 19 Sell Kyriakos Sarantis Individual 30. Jan 19 30. Jan 19 -10,000 €7.40 €-74,000
29. Jan 19 Sell Kyriakos Sarantis Individual 29. Jan 19 29. Jan 19 -969 €7.40 €-7,171
28. Jan 19 Sell Kyriakos Sarantis Individual 28. Jan 19 28. Jan 19 -72 €7.30 €-526
24. Jan 19 Sell Kyriakos Sarantis Individual 24. Jan 19 24. Jan 19 -15,000 €7.30 €-109,500
21. Dec 18 Sell Kyriakos Sarantis Individual 21. Dec 18 21. Dec 18 -17,258 €7.44 €-128,400
05. Dec 18 Sell Kyriakos Sarantis Individual 05. Dec 18 05. Dec 18 -25,476 €7.42 €-189,032
04. Dec 18 Sell Kyriakos Sarantis Individual 04. Dec 18 04. Dec 18 -3,236 €7.50 €-24,270
03. Dec 18 Sell Kyriakos Sarantis Individual 03. Dec 18 03. Dec 18 -11,288 €7.22 €-81,499
17. Oct 18 Buy Kyriakos Sarantis Individual 17. Oct 18 17. Oct 18 4,524 €6.74 €30,492
15. Oct 18 Buy Kyriakos Sarantis Individual 15. Oct 18 15. Oct 18 5,000 €6.77 €33,850
09. Oct 18 Buy Kyriakos Sarantis Individual 09. Oct 18 09. Oct 18 5,000 €6.90 €34,500
27. Sep 18 Sell Grigoris Sarantis Individual 27. Sep 18 27. Sep 18 -64,332 €7.66 €-492,783
25. Sep 18 Sell Kyriakos Sarantis Individual 25. Sep 18 25. Sep 18 -56,380 €7.60 €-428,488
21. Sep 18 Sell Kyriakos Sarantis Individual 21. Sep 18 21. Sep 18 -25,000 €7.50 €-187,500
02. Aug 18 Buy Kyriakos Sarantis Individual 02. Aug 18 02. Aug 18 8,000 €6.82 €54,560
26. Jul 18 Buy Kyriakos Sarantis Individual 26. Jul 18 26. Jul 18 2,000 €6.96 €13,920
25. Jul 18 Buy Kyriakos Sarantis Individual 25. Jul 18 25. Jul 18 24 €6.98 €168
24. Jul 18 Buy Kyriakos Sarantis Individual 24. Jul 18 24. Jul 18 321 €6.96 €2,234
23. Jul 18 Buy Kyriakos Sarantis Individual 23. Jul 18 23. Jul 18 5,000 €7.04 €35,200
X
Management checks
We assess Gr. Sarantis's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Gr. Sarantis has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does Gr. Sarantis S.A.'s (ATH:SAR) 14% Earnings Growth Make It An Outperformer?

Today I will assess SAR's recent performance announced on 31 December 2018 and compare these figures to its long-term trend and industry movements. … Sarantis Did SAR's recent earnings growth beat the long-term trend and the industry? … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 16%, indicating the rate at which SAR is growing has slowed down.

Simply Wall St -

If You Had Bought Gr. Sarantis (ATH:SAR) Shares Five Years Ago You'd Have Made 140%

It is important to consider the total shareholder return, as well as the share price return, for any given stock. … The dividends paid by the company have thusly boosted the total shareholder return. … You can click here to see who has been buying shares - and the price they paid.

Simply Wall St -

Is Gr. Sarantis S.A. (ATH:SAR) Expensive For A Reason? A Look At Its Intrinsic Value

Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (€, Millions) €45.90 €51.95 €55.40 €58.71 €62.04 €65.42 €68.88 €72.45 €76.15 €80.00 Growth Rate Estimate Source Analyst x2 Analyst x2 Analyst x2 Est @ 5.98% Est @ 5.67% Est @ 5.45% Est @ 5.29% Est @ 5.18% Est @ 5.11% Est @ 5.06% Present Value (€, Millions) Discounted @ 17.25% €39.15 €37.79 €34.37 €31.07 €28.00 €25.18 €22.61 €20.28 €18.18 €16.29 Present Value of 10-year Cash Flow (PVCF)= €272.92m "Est" = FCF growth rate estimated by Simply Wall St The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 17.2%. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = €80m × (1 + 4.9%) ÷ (17.2% – 4.9%) = €682m Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = €€682m ÷ ( 1 + 17.2%)10 = €138.80m The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is €411.72m.

Simply Wall St -

Does This Valuation Of Gr. Sarantis S.A. (ATH:SAR) Imply Investors Are Overpaying?

A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (€, Millions) €45.90 €51.95 €55.40 €58.71 €62.04 €65.42 €68.88 €72.45 €76.15 €80.00 Growth Rate Estimate Source Analyst x2 Analyst x2 Analyst x2 Est @ 5.98% Est @ 5.67% Est @ 5.45% Est @ 5.29% Est @ 5.18% Est @ 5.11% Est @ 5.06% Present Value (€, Millions) Discounted @ 17.25% €39.15 €37.79 €34.37 €31.07 €28.00 €25.18 €22.61 €20.28 €18.18 €16.29 Present Value of 10-year Cash Flow (PVCF)= €272.92m "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = €80m × (1 + 4.9%) ÷ (17.2% – 4.9%) = €682m Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = €€682m ÷ ( 1 + 17.2%)10 = €138.80m The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is €411.72m. … ATSE:SAR Intrinsic value, June 23rd 2019 The assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.

Simply Wall St -

With A Return On Equity Of 15%, Has Gr. Sarantis S.A.'s (ATH:SAR) Management Done Well?

Sarantis Have A Good Return On Equity? … One simple way to determine if a company has a good return on equity is to compare it to the average for its industry. … A company that can achieve a high return on equity without debt could be considered a high quality business.

Simply Wall St -

Is Gr. Sarantis S.A.'s (ATH:SAR) Growth Strong Enough To Justify Its June Share Price?

Sarantis is available at a price-to-earnings ratio of 15.68x, showing us it is overvalued compared to the GR market average ratio of 15.65x , and undervalued based on its latest annual earnings update compared to the Personal Products average of 16.49x. … Sarantis's price-to-earnings ratio stands at 15.68x, which is low, relative to the industry average. … A PE ratio of 15.68x and expected year-on-year earnings growth of 12% give Gr.

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand Gr. Sarantis S.A. (ATH:SAR)

The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Gr. … A higher P/E ratio means that investors are paying a higher price for each €1 of company earnings. … Hypothetically, a company could reduce its future P/E ratio by spending its cash (or taking on debt) to achieve higher earnings.

Simply Wall St -

What Percentage Of Gr. Sarantis S.A. (ATH:SAR) Shares Do Insiders Own?

Sarantis ATSE:SAR Ownership Summary, May 13th 2019 What Does The Institutional Ownership Tell Us About Gr. … Private Company Ownership It seems that Private Companies own 46%, of the SAR stock. … Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual.

Simply Wall St -

Here's Why We Think Gr. Sarantis (ATH:SAR) Is Well Worth Watching

I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company's growth. … Sarantis maintained stable EBIT margins over the last year, all while growing revenue 15% to €344m. … You can take a look at the company's revenue and earnings growth trend, in the chart below

Simply Wall St -

Gr. Sarantis S.A. (ATH:SAR): Will The Growth Last?

Sarantis S.A.'s (ATH:SAR) released its most recent earnings update in December 2018, whicha … indicated

Simply Wall St -

Company Info

Description

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, Household Products, Other Sales, and the Private Label Products. The company offers mass market cosmetics, such as fragrances and toiletries, skin care, sun care, and hair care products; baby shampoos; and others, as well as household products, including food care, home care, insect control, shoe care, and professional products. It also provides health care products comprising personal hygiene and care products, food supplements, pregnancy and ovulation tests, and sun care products; and luxury cosmetics, including fragrance, treatment, and make up products. The company distributes its products through supermarkets, beauty shops, and pharmacies. Gr. Sarantis S.A. exports its products to approximately 40 countries. The company was founded in 1930 and is based in Athens, Greece.

Details
Name: Gr. Sarantis S.A.
SAR
Exchange: ATSE
Founded: 1930
€564,025,425
67,145,884
Website: http://www.sarantisgroup.com
Address: Gr. Sarantis S.A.
26, Amarousiou - Chalandriou Street,
Marousi,
Athens,
151 25,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ATSE SAR Common Registered Shares The Athens Stock Exchange GR EUR 06. Jul 1994
OTCPK SRTS.F Common Registered Shares Pink Sheets LLC US USD 06. Jul 1994
DB SSA1 Common Registered Shares Deutsche Boerse AG DE EUR 06. Jul 1994
LSE 0IIO Common Registered Shares London Stock Exchange GB EUR 06. Jul 1994
Number of employees
Current staff
Staff numbers
2,670
Gr. Sarantis employees.
Industry
Personal Products
Household
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 20:55
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/06/28
Last earnings filing: 2019/04/10
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.