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Thrace Plastics Holding and Commercial

Market Cap

€218.8m

Last Updated

2021/05/12 16:21 UTC

Data Sources

Company Financials +

Executive Summary

Thrace Plastics Holding and Commercial S.A. More Details


Snowflake Analysis

Outstanding track record and undervalued.

Share Price & News

How has Thrace Plastics Holding and Commercial's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PLAT is not significantly more volatile than the rest of Greek stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: PLAT's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

18.0%

PLAT

-1.6%

GR Chemicals

-2.2%

GR Market


1 Year Return

217.9%

PLAT

38.3%

GR Chemicals

-10.7%

GR Market

Return vs Industry: PLAT exceeded the Greek Chemicals industry which returned 36.8% over the past year.

Return vs Market: PLAT exceeded the Greek Market which returned -10.9% over the past year.


Shareholder returns

PLATIndustryMarket
7 Day18.0%-1.6%-2.2%
30 Day19.9%0.4%-5.5%
90 Day37.6%4.2%-11.2%
1 Year231.0%217.9%42.8%38.3%-9.1%-10.7%
3 Year158.9%138.8%21.8%10.1%-47.8%-49.7%
5 Year329.2%295.9%70.1%44.7%55.0%35.0%

Long-Term Price Volatility Vs. Market

How volatile is Thrace Plastics Holding and Commercial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PLAT (€5.78) is trading below our estimate of fair value (€79.86)

Significantly Below Fair Value: PLAT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PLAT is good value based on its PE Ratio (6.2x) compared to the European Chemicals industry average (25.2x).

PE vs Market: PLAT is good value based on its PE Ratio (6.2x) compared to the Greek market (19.6x).


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 (1.5x) compared to the XE Chemicals industry average (2.4x).


Future Growth

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

-0.8%

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 (-0.8% per year).

Earnings vs Market: PLAT's earnings are forecast to decline over the next 3 years (-0.8% per year).

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

Revenue vs Market: PLAT's revenue (4.3% per year) is forecast to grow slower than the Greek market (12.3% per year).

High Growth Revenue: PLAT's revenue (4.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PLAT's Return on Equity is forecast to be high in 3 years time


Past Performance

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

12.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PLAT has high quality earnings.

Growing Profit Margin: PLAT's current net profit margins (12%) are higher than last year (2.4%).


Past Earnings Growth Analysis

Earnings Trend: PLAT's earnings have grown by 12.1% per year over the past 5 years.

Accelerating Growth: PLAT's earnings growth over the past year (466%) exceeds its 5-year average (12.1% per year).

Earnings vs Industry: PLAT earnings growth over the past year (466%) exceeded the Chemicals industry 5.6%.


Return on Equity

High ROE: PLAT's Return on Equity (23.6%) 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 (€166.0M) exceed its short term liabilities (€99.3M).

Long Term Liabilities: PLAT's short term assets (€166.0M) exceed its long term liabilities (€68.3M).


Debt to Equity History and Analysis

Debt Level: PLAT's debt to equity ratio (41.8%) is considered high.

Reducing Debt: PLAT's debt to equity ratio has reduced from 50% to 41.8% over the past 5 years.

Debt Coverage: PLAT's debt is well covered by operating cash flow (95%).

Interest Coverage: PLAT's interest payments on its debt are well covered by EBIT (18.1x coverage).


Balance Sheet


Dividend

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

0.79%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PLAT's dividend (0.79%) isn’t notable compared to the bottom 25% of dividend payers in the Greek market (1.63%).

High Dividend: PLAT's dividend (0.79%) is low compared to the top 25% of dividend payers in the Greek market (3.84%).


Stability and Growth of Payments

Stable Dividend: PLAT is not paying a notable dividend for the Greek market, therefore no need to check if payments are stable.

Growing Dividend: PLAT is not paying a notable dividend for the Greek market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: PLAT is not paying a notable dividend for the Greek market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PLAT's dividend in 3 years as they are not forecast to pay a notable one for the Greek market.


Next Steps

Management

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

0.6yrs

Average management tenure


CEO

Dimitrios Malamos (44 yo)

0.58

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 ( 0.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: PLAT's board of directors are not considered experienced ( 0.3 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 company bio, 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: €218.831m
  • Shares outstanding: 43.42m
  • Website: https://www.thracegroup.com

Number of Employees


Location

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

Listings


Biography

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 geotex...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/12 16:21
End of Day Share Price2021/05/12 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.