Iktinos Hellas Greek Marble Industry Technical and Touristic (ATH:IKTIN) shareholders are up 10% this past week, but still in the red over the last three years

Iktinos Hellas S.A. Greek Marble Industry Technical and Touristic Company (ATH:IKTIN) shareholders should be happy to see the share price up 10% in the last month. If you look at the last three years, the stock price is down. But that's not so bad when you consider its market is down 52%.

While the last three years has been tough for Iktinos Hellas Greek Marble Industry Technical and Touristic shareholders, this past week has shown signs of promise. So let's look at the longer term fundamentals and see if they've been the driver of the negative returns.

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To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.

Over the three years that the share price declined, Iktinos Hellas Greek Marble Industry Technical and Touristic's earnings per share (EPS) dropped significantly, falling to a loss. Due to the loss, it's not easy to use EPS as a reliable guide to the business. However, we can say we'd expect to see a falling share price in this scenario.

You can see below how EPS has changed over time (discover the exact values by clicking on the image).

We like that insiders have been buying shares in the last twelve months. Even so, future earnings will be far more important to whether current shareholders make money. Dive deeper into the earnings by checking this interactive graph of Iktinos Hellas Greek Marble Industry Technical and Touristic's earnings, revenue and cash flow.

What About The Total Shareholder Return (TSR)?

We'd be remiss not to mention the difference between Iktinos Hellas Greek Marble Industry Technical and Touristic's total shareholder return (TSR) and its share price return. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. Its history of dividend payouts mean that Iktinos Hellas Greek Marble Industry Technical and Touristic's TSR, which was a 48% drop over the last 3 years, was not as bad as the share price return.

A Different Perspective

While the broader market lost about 2.0% in the twelve months, Iktinos Hellas Greek Marble Industry Technical and Touristic shareholders did even worse, losing 34%. However, it could simply be that the share price has been impacted by broader market jitters. It might be worth keeping an eye on the fundamentals, in case there's a good opportunity. Longer term investors wouldn't be so upset, since they would have made 9%, each year, over five years. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For example, we've discovered 3 warning signs for Iktinos Hellas Greek Marble Industry Technical and Touristic (2 don't sit too well with us!) that you should be aware of before investing here.

If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on GR exchanges.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.