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PLAT

Thrace Plastics Holding and CommercialATSE:PLAT Stock Report

Market Cap

€316.1m

7D

-3.9%

1Y

210.6%

Updated

23 Sep, 2021

Data

Company Financials +
PLAT fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends4/6

PLAT Overview

Thrace Plastics Holding and Commercial S.A.

Price History & Performance

Summary of all time highs, changes and price drops for Thrace Plastics Holding and Commercial
Historical stock prices
Current Share Price€7.30
52 Week High€2.30
52 Week Low€8.92
Beta1.19
1 Month Change-8.29%
3 Month Change9.94%
1 Year Change210.64%
3 Year Change252.66%
5 Year Change334.52%
Change since IPO634.77%

Recent News & Updates

Sep 15
With EPS Growth And More, Thrace Plastics Holding and Commercial (ATH:PLAT) Is Interesting

With EPS Growth And More, Thrace Plastics Holding and Commercial (ATH:PLAT) Is Interesting

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Jun 08
Under The Bonnet, Thrace Plastics Holding and Commercial's (ATH:PLAT) Returns Look Impressive

Under The Bonnet, Thrace Plastics Holding and Commercial's (ATH:PLAT) Returns Look Impressive

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...

Shareholder Returns

PLATGR ChemicalsGR Market
7D-3.9%-1.0%-2.6%
1Y210.6%25.4%-9.8%

Return vs Industry: PLAT exceeded the Greek Chemicals industry which returned 23.3% over the past year.

Return vs Market: PLAT exceeded the Greek Market which returned -10% over the past year.

Price Volatility

Is PLAT's price volatile compared to industry and market?
PLAT volatility
PLAT Beta1.19
Industry Beta0.86
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
19771,702Dimitrios Malamoshttps://www.thracegroup.com

Thrace Plastics Holding and Commercial S.A. produces and distributes polypropylene products in Greece and internationally. The company provides various technical fabrics, such as woven and non-woven geotextiles, geogrids, geocomposites, geosynthetic clay liners, drainage geonets, geobags, silt fences, erosion corrosion mats, and mini rolls, as well as geosynthetic reactive clay with attapulgite clay; stadium seats, ridge fabrics, roofing membranes, housewraps, concrete fibers, scaffolding, road safety nets, and vapor control layers for use in construction; and ground covers, root barriers, weather protection and crop covers, foliage removal fabrics, heavy duty protection fabrics, mulching, nets, cages/screens/shades, ropes and twines, and mulch film for agri/horticulture/aquaculture. It also offers fabrics for landscape gardening; trampoline fabrics and pool covers for sport and leisure use; gowns and drapes, materials for surgical masks, FFP2 masks, surgical masks, medical wipes, ostomy, and mattress protection fabrics for medical and hygiene use; air and liquid filtration fabrics; and covering-separation, pocket spring, and table cloth fabrics, as well as fabrics for aquashield and bedding reinforcements.

Thrace Plastics Holding and Commercial Fundamentals Summary


Earnings & Revenue

Key profitability statistics from the latest earnings report
PLAT income statement (TTM)
Revenue€418.63m
Cost of Revenue€264.58m
Gross Profit€154.05m
Expenses€77.76m
Earnings€76.29m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.75
Gross Margin36.80%
Net Profit Margin18.22%
Debt/Equity Ratio23.3%

How did PLAT perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

9%

Payout Ratio

Valuation

Is Thrace Plastics Holding and Commercial undervalued compared to its fair value and its price relative to the market?

4.14x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PLAT (€7.3) is trading above our estimate of fair value (€2.87)

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


Price To Earnings Ratio

PE vs Industry: PLAT is good value based on its PE Ratio (4.1x) compared to the European Chemicals industry average (18x).

PE vs Market: PLAT is good value based on its PE Ratio (4.1x) compared to the Greek market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: PLAT's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: PLAT is good value based on its PB Ratio (1.4x) compared to the XE Chemicals industry average (2.5x).


Future Growth

How is Thrace Plastics Holding and Commercial forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-39.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PLAT's earnings are forecast to decline over the next 3 years (-39.9% per year).

Earnings vs Market: PLAT's earnings are forecast to decline over the next 3 years (-39.9% per year).

High Growth Earnings: PLAT's earnings are forecast to decline over the next 3 years.

Revenue vs Market: PLAT's revenue is expected to decline over the next 3 years (-5.6% per year).

High Growth Revenue: PLAT's revenue is forecast to decline over the next 3 years (-5.6% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PLAT's Return on Equity is forecast to be low in 3 years time (10.8%).


Past Performance

How has Thrace Plastics Holding and Commercial performed over the past 5 years?

40.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PLAT has high quality earnings.

Growing Profit Margin: PLAT's current net profit margins (18.2%) are higher than last year (4.9%).


Past Earnings Growth Analysis

Earnings Trend: PLAT's earnings have grown significantly by 40% per year over the past 5 years.

Accelerating Growth: PLAT's earnings growth over the past year (420.5%) exceeds its 5-year average (40% per year).

Earnings vs Industry: PLAT earnings growth over the past year (420.5%) exceeded the Chemicals industry 48.5%.


Return on Equity

High ROE: PLAT's Return on Equity (34.2%) is considered high.


Financial Health

How is Thrace Plastics Holding and Commercial's financial position?


Financial Position Analysis

Short Term Liabilities: PLAT's short term assets (€218.4M) exceed its short term liabilities (€126.7M).

Long Term Liabilities: PLAT's short term assets (€218.4M) exceed its long term liabilities (€46.5M).


Debt to Equity History and Analysis

Debt Level: PLAT's debt to equity ratio (23.3%) is considered satisfactory.

Reducing Debt: PLAT's debt to equity ratio has reduced from 56.1% to 23.3% over the past 5 years.

Debt Coverage: PLAT's debt is well covered by operating cash flow (173.7%).

Interest Coverage: PLAT's interest payments on its debt are well covered by EBIT (38.8x coverage).


Balance Sheet


Dividend

What is Thrace Plastics Holding and Commercial current dividend yield, its reliability and sustainability?

2.19%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PLAT's dividend (2.19%) is higher than the bottom 25% of dividend payers in the Greek market (1.43%).

High Dividend: PLAT's dividend (2.19%) is low compared to the top 25% of dividend payers in the Greek market (3.98%).


Stability and Growth of Payments

Stable Dividend: PLAT's dividend payments have been volatile in the past 10 years.

Growing Dividend: PLAT's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (9.1%), PLAT's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PLAT's dividends in 3 years are forecast to be thoroughly covered by earnings (13.9% payout ratio).


Next Steps

Management

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

0.9yrs

Average management tenure


CEO

Dimitrios Malamos (45 yo)

0.92

Tenure

Mr. Dimitrios P. Malamos serves as Chief Executive Officer at Thrace Plastics Holding and Commercial S.A. since October 2020. He serves as an Executive Director at Thrace Plastics Co. S.A. Mr. Malamos has...


Leadership Team

Experienced Management: PLAT's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: PLAT's board of directors are not considered experienced ( 0.7 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

Thrace Plastics Holding and Commercial S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Thrace Plastics Holding and Commercial S.A.
  • Ticker: PLAT
  • Exchange: ATSE
  • Founded: 1977
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: €316.114m
  • Shares outstanding: 43.30m
  • Website: https://www.thracegroup.com

Number of Employees


Location

  • Thrace Plastics Holding and Commercial S.A.
  • 20 Marinou Antypa Street
  • Alimos
  • 17455
  • Greece

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 21:39
End of Day Share Price2021/09/23 00:00
Earnings2021/06/30
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.