ATSE:ELSTR

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Elastron - Steel Service Centers

Market Cap

€39.4m

Last Updated

2021/07/31 16:22 UTC

Data Sources

Company Financials

Executive Summary

Elastron S.A. - Steel Service Centers imports, processes, produces, and resells steel products in Greece and internationally. More Details


Snowflake Analysis

Acceptable track record with imperfect balance sheet.

Share Price & News

How has Elastron - Steel Service Centers's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ELSTR is not significantly more volatile than the rest of Greek stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: ELSTR's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

4.9%

ELSTR

-0.4%

GR Metals and Mining

2.8%

GR Market


1 Year Return

161.0%

ELSTR

68.9%

GR Metals and Mining

-13.4%

GR Market

Return vs Industry: ELSTR exceeded the Greek Metals and Mining industry which returned 68.9% over the past year.

Return vs Market: ELSTR exceeded the Greek Market which returned -13.4% over the past year.


Shareholder returns

ELSTRIndustryMarket
7 Day4.9%-0.4%2.8%
30 Day10.3%-4.1%-0.3%
90 Day20.2%-7.2%-2.7%
1 Year164.5%161.0%69.8%68.9%-11.8%-13.4%
3 Year56.0%54.0%31.4%24.8%-46.0%-48.1%
5 Year287.3%282.1%351.7%309.9%-38.1%-41.5%

Long-Term Price Volatility Vs. Market

How volatile is Elastron - Steel Service Centers's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Elastron - Steel Service Centers undervalued compared to its fair value and its price relative to the market?

22.65x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ELSTR (€2.14) is trading above our estimate of fair value (€0.27)

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


Price To Earnings Ratio

PE vs Industry: ELSTR is poor value based on its PE Ratio (22.6x) compared to the Greek Metals and Mining industry average (14x).

PE vs Market: ELSTR is poor value based on its PE Ratio (22.6x) compared to the Greek market (21.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ELSTR is good value based on its PB Ratio (0.6x) compared to the GR Metals and Mining industry average (0.9x).


Future Growth

How is Elastron - Steel Service Centers forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-8.5%

Forecasted Materials 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 Elastron - Steel Service Centers 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.


Past Performance

How has Elastron - Steel Service Centers performed over the past 5 years?

-17.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ELSTR has high quality earnings.

Growing Profit Margin: ELSTR became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ELSTR has become profitable over the past 5 years, growing earnings by -17.8% per year.

Accelerating Growth: ELSTR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ELSTR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (37.8%).


Return on Equity

High ROE: ELSTR's Return on Equity (2.6%) is considered low.


Financial Health

How is Elastron - Steel Service Centers's financial position?


Financial Position Analysis

Short Term Liabilities: ELSTR's short term assets (€58.7M) exceed its short term liabilities (€25.1M).

Long Term Liabilities: ELSTR's short term assets (€58.7M) exceed its long term liabilities (€37.8M).


Debt to Equity History and Analysis

Debt Level: ELSTR's debt to equity ratio (62.9%) is considered high.

Reducing Debt: ELSTR's debt to equity ratio has increased from 37.1% to 62.9% over the past 5 years.

Debt Coverage: ELSTR's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: ELSTR's interest payments on its debt are not well covered by EBIT (1.5x coverage).


Balance Sheet


Dividend

What is Elastron - Steel Service Centers's current dividend yield, its reliability and sustainability?

1.26%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ELSTR's dividend (1.26%) isn’t notable compared to the bottom 25% of dividend payers in the Greek market (1.68%).

High Dividend: ELSTR's dividend (1.26%) is low compared to the top 25% of dividend payers in the Greek market (3.84%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether ELSTR's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if ELSTR's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (28.6%), ELSTR's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

1.5yrs

Average board tenure


CEO

Athanasios Kalpinis

21.5yrs

Tenure

Mr. Athanasios Kalpinis has been the Chief Executive Officer and Managing Director of Elastron S.A. - Steel Service Centers since 2000 (alternate name Kalpinis-Simos SA/Elastron S.A.) since 2000 and serves...


Board Members

Experienced Board: ELSTR's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


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

Elastron S.A. - Steel Service Centers's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Elastron S.A. - Steel Service Centers
  • Ticker: ELSTR
  • Exchange: ATSE
  • Founded: 1958
  • Industry: Steel
  • Sector: Materials
  • Market Cap: €39.399m
  • Shares outstanding: 18.41m
  • Website: https://www.elastron.gr

Number of Employees


Location

  • Elastron S.A. - Steel Service Centers
  • Agios Ioannis Street
  • Agios Ioannis
  • Aspropyrgos
  • 193 00
  • Greece

Listings


Biography

Elastron S.A. - Steel Service Centers imports, processes, produces, and resells steel products in Greece and internationally. It offers hot-and cold-rolled, and galvanized steel plates, sheets, strips, and...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/31 16:22
End of Day Share Price2021/07/30 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.