Reported Earnings • Apr 23
Full year 2025 earnings released: EPS: €0.31 (vs €0.029 loss in FY 2024) Full year 2025 results: EPS: €0.31 (up from €0.029 loss in FY 2024). Revenue: €167.6m (down 5.2% from FY 2024). Net income: €5.56m (up €6.09m from FY 2024). Profit margin: 3.3% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. New Risk • Apr 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.7x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (€41.6m market cap, or US$49.0m). Announcement • Mar 12
Elastron S.A. - Steel Service Centers, Annual General Meeting, Jun 26, 2026 Elastron S.A. - Steel Service Centers, Annual General Meeting, Jun 26, 2026. New Risk • Sep 30
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.7x net interest cover). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€41.9m market cap, or US$49.2m). Announcement • Sep 01
Elastron S.A. - Steel Service Centers to Report First Half, 2025 Results on Sep 29, 2025 Elastron S.A. - Steel Service Centers announced that they will report first half, 2025 results on Sep 29, 2025 New Risk • Jun 02
New major risk - Revenue and earnings growth Earnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€41.8m market cap, or US$47.4m). Buy Or Sell Opportunity • May 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.7% to €2.05. The fair value is estimated to be €2.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years. Meanwhile, the company became loss making. New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€38.1m market cap, or US$43.5m). Reported Earnings • Oct 06
First half 2024 earnings released: €0.03 loss per share (vs €0.093 profit in 1H 2023) First half 2024 results: €0.03 loss per share (down from €0.093 profit in 1H 2023). Revenue: €94.5m (up 7.8% from 1H 2023). Net loss: €557.4k (down 133% from profit in 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Jul 29
Now 20% overvalued Over the last 90 days, the stock has fallen 2.1% to €2.31. The fair value is estimated to be €1.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jul 09
Now 21% overvalued Over the last 90 days, the stock has fallen 9.5% to €2.29. The fair value is estimated to be €1.89, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jul 05
Now 23% overvalued Over the last 90 days, the stock has fallen 3.8% to €2.29. The fair value is estimated to be €1.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company became loss making. Announcement • Jun 26
Elastron S.A. - Steel Service Centers(ATSE:ELSTR) dropped from ATHEX Composite Index Elastron S.A. - Steel Service Centers has been dropped from ATHEX Composite Index. New Risk • May 05
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 417% Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (€42.9m market cap, or US$46.2m). New Risk • May 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (€43.4m market cap, or US$46.5m). New Risk • May 01
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 120% Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (€43.4m market cap, or US$46.4m). Reported Earnings • May 01
Full year 2023 earnings released: €0.071 loss per share (vs €0.63 profit in FY 2022) Full year 2023 results: €0.071 loss per share (down from €0.63 profit in FY 2022). Revenue: €182.9m (up 1.1% from FY 2022). Net loss: €1.31m (down 111% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Apr 01
Elastron S.A. - Steel Service Centers to Report Q1, 2024 Results on Apr 29, 2024 Elastron S.A. - Steel Service Centers announced that they will report Q1, 2024 results on Apr 29, 2024 New Risk • Oct 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Greek stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (120% payout ratio). Share price has been volatile over the past 3 months (5.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (€43.3m market cap, or US$45.7m). Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €2.35, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 8x in the Metals and Mining industry in Greece. Total returns to shareholders of 220% over the past three years. Upcoming Dividend • Aug 16
Upcoming dividend of €0.20 per share at 7.1% yield Eligible shareholders must have bought the stock before 23 August 2023. Payment date: 28 August 2023. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 7.1%. Within top quartile of Greek dividend payers (4.7%). Lower than average of industry peers (8.6%). Announcement • Jun 01
Elastron S.A. - Steel Service Centers, Annual General Meeting, Jun 29, 2023 Elastron S.A. - Steel Service Centers, Annual General Meeting, Jun 29, 2023, at 16:30 E. Europe Standard Time. Location: AGIOU IOANNOU AVE Aspropyrgos Greece Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Non Executive Director Kolovos Georgios was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Sep 30
First half 2022 earnings released: EPS: €0.56 (vs €0.56 in 1H 2021) First half 2022 results: EPS: €0.56 (down from €0.56 in 1H 2021). Revenue: €98.9m (up 26% from 1H 2021). Net income: €10.2m (down 1.0% from 1H 2021). Profit margin: 10% (down from 13% in 1H 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €2.18, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 3x in the Metals and Mining industry in Greece. Total returns to shareholders of 71% over the past three years. Upcoming Dividend • Aug 17
Upcoming dividend of €0.26 per share Eligible shareholders must have bought the stock before 24 August 2022. Payment date: 29 August 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 10%. Within top quartile of Greek dividend payers (5.0%). In line with average of industry peers (9.4%). Announcement • Jun 01
Elastron S.A. - Steel Service Centers, Annual General Meeting, Jun 30, 2022 Elastron S.A. - Steel Service Centers, Annual General Meeting, Jun 30, 2022, at 16:30 E. Europe Standard Time. Location: AGIOU IOANNOU AVE Aspropyrgos Greece Reported Earnings • May 02
Full year 2021 earnings released: EPS: €0.83 (vs €0.094 in FY 2020) Full year 2021 results: EPS: €0.83 (up from €0.094 in FY 2020). Revenue: €163.3m (up 57% from FY 2020). Net income: €15.3m (up €13.5m from FY 2020). Profit margin: 9.4% (up from 1.7% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Non-Executive Director Georgiadis Nikolaos was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Apr 02
Elastron S.A. - Steel Service Centers to Report Fiscal Year 2021 Results on Apr 28, 2022 Elastron S.A. - Steel Service Centers announced that they will report fiscal year 2021 results on Apr 28, 2022 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improved over the past week After last week's 17% share price gain to €2.54, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 11x in the Metals and Mining industry in Greece. Total returns to shareholders of 113% over the past three years. Reported Earnings • Sep 26
First half 2021 earnings released: EPS €0.56 (vs €0.046 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €78.3m (up 66% from 1H 2020). Net income: €10.4m (up €11.2m from 1H 2020). Profit margin: 13% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 09
Inaugural dividend of €0.027 per share Eligible shareholders must have bought the stock before 16 July 2021. Payment date: 22 July 2021. The company last paid an ordinary dividend in . The average dividend yield among industry peers is 4.9%. Reported Earnings • Apr 23
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €104.0m (down 6.6% from FY 2019). Net income: €1.74m (up €3.74m from FY 2019). Profit margin: 1.7% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Is New 90 Day High Low • Feb 20
New 90-day high: €1.35 The company is up 35% from its price of €1.00 on 20 November 2020. The Greek market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 9.0% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: €1.32 The company is up 49% from its price of €0.88 on 01 October 2020. The Greek market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 33% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: €1.09 The company is up 22% from its price of €0.89 on 08 September 2020. The Greek market is up 17% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 33% over the same period. Is New 90 Day High Low • Nov 05
New 90-day low: €0.78 The company is down 17% from its price of €0.94 on 06 August 2020. The Greek market is down 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 8.0% over the same period. Is New 90 Day High Low • Oct 19
New 90-day low: €0.82 The company is down 2.0% from its price of €0.84 on 21 July 2020. The Greek market is down 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 9.0% over the same period. Reported Earnings • Oct 01
First half earnings released Over the last 12 months the company has reported total losses of €1.60m, with losses narrowing by 13% from the prior year. Total revenue was €100.7m over the last 12 months, down 11% from the prior year.