company background image
SIDM

Sidma Steel ProductsATSE:SIDMA Stock Report

Market Cap

€37.5m

7D

-2.8%

1Y

500.0%

Updated

24 Nov, 2021

Data

Company Financials
SIDMA fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends0/6

SIDMA Stock Overview

Sidma S.A. Steel Products engages in processing and trading of steel products in Greece and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Sidma Steel Products
Historical stock prices
Current Share Price€2.76
52 Week High€3.42
52 Week Low€0.45
Beta0.42
1 Month Change-6.12%
3 Month Change48.39%
1 Year Change500.00%
3 Year Change666.67%
5 Year Change999.60%
Change since IPO-43.67%

Recent News & Updates

Sep 25
Statutory Earnings May Not Be The Best Way To Understand Sidma Steel Products' (ATH:SIDMA) True Position

Statutory Earnings May Not Be The Best Way To Understand Sidma Steel Products' (ATH:SIDMA) True Position

After announcing healthy earnings, Sidma S.A. Steel Products' ( ATH:SIDMA ) stock rose over the last week. Despite the...

Sep 19
Returns On Capital At Sidma Steel Products (ATH:SIDMA) Have Stalled

Returns On Capital At Sidma Steel Products (ATH:SIDMA) Have Stalled

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...

Shareholder Returns

SIDMAGR Metals and MiningGR Market
7D-2.8%-4.5%-3.7%
1Y500.0%29.2%-18.5%

Return vs Industry: SIDMA exceeded the Greek Metals and Mining industry which returned 29% over the past year.

Return vs Market: SIDMA exceeded the Greek Market which returned -16.1% over the past year.

Price Volatility

Is SIDMA's price volatile compared to industry and market?
SIDMA volatility
SIDMA Average Weekly Movement11.6%
Metals and Mining Industry Average Movement4.8%
Market Average Movement4.2%
10% most volatile stocks in GR Market6.8%
10% least volatile stocks in GR Market2.7%

Stable Share Price: SIDMA is more volatile than 90% of Greek stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: SIDMA's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of Greek stocks.

About the Company

FoundedEmployeesCEOWebsite
1931241Antonis Karadeloglouhttps://www.sidma.gr

Sidma S.A. Steel Products engages in processing and trading of steel products in Greece and internationally. The company operates in two segments, Steel and Other. It offers flat products, such as hot rolled, pickled and oiled, chequered and tear drop, cold rolled, galvanized, stainless, pre painted, and plastified surface coils and sheets, as well as corrugated and trapezoidal sheets, hot rolled plates, shipbuilding plates, boiler plates, and abrasion resistant plates.

Sidma Steel Products Fundamentals Summary

How do Sidma Steel Products's earnings and revenue compare to its market cap?
SIDMA fundamental statistics
Market Cap€37.49m
Earnings (TTM)€26.55m
Revenue (TTM)€178.40m

1.4x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SIDMA income statement (TTM)
Revenue€178.40m
Cost of Revenue€146.62m
Gross Profit€31.78m
Expenses€5.23m
Earnings€26.55m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.95
Gross Margin17.82%
Net Profit Margin14.88%
Debt/Equity Ratio832.8%

How did SIDMA perform over the long term?

See historical performance and comparison

Valuation

Is Sidma Steel Products undervalued compared to its fair value and its price relative to the market?

1.41x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SIDMA (€2.76) is trading above our estimate of fair value (€0.1)

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


Price To Earnings Ratio

PE vs Industry: SIDMA is good value based on its PE Ratio (1.4x) compared to the Greek Metals and Mining industry average (5.4x).

PE vs Market: SIDMA is good value based on its PE Ratio (1.4x) compared to the Greek market (14.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SIDMA is overvalued based on its PB Ratio (3x) compared to the GR Metals and Mining industry average (1x).


Future Growth

How is Sidma Steel Products forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-12.6%

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 Sidma Steel Products 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 Sidma Steel Products performed over the past 5 years?

58.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SIDMA has a high level of non-cash earnings.

Growing Profit Margin: SIDMA became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SIDMA has become profitable over the past 5 years, growing earnings by 58% per year.

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

Earnings vs Industry: SIDMA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (113.3%).


Return on Equity

High ROE: Whilst SIDMA's Return on Equity (209.84%) is outstanding, this metric is skewed due to their high level of debt.


Financial Health

How is Sidma Steel Products's financial position?


Financial Position Analysis

Short Term Liabilities: SIDMA's short term assets (€120.4M) exceed its short term liabilities (€88.9M).

Long Term Liabilities: SIDMA's short term assets (€120.4M) exceed its long term liabilities (€73.9M).


Debt to Equity History and Analysis

Debt Level: SIDMA's net debt to equity ratio (667.4%) is considered high.

Reducing Debt: SIDMA had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: SIDMA's debt is not well covered by operating cash flow (2%).

Interest Coverage: SIDMA's interest payments on its debt are well covered by EBIT (3.5x coverage).


Balance Sheet


Dividend

What is Sidma Steel Products's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SIDMA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SIDMA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SIDMA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SIDMA's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SIDMA'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?

1.5yrs

Average board tenure


CEO

Antonis Karadeloglou

1.5yrs

Tenure

Mr. Antonis Karadeloglou serves as CEO and Director at Sidma S.A. Steel Products since May 2020. He served as General Manager at Sidma S.A.Steel Products until May 2020 and served as its Commercial Direct...


Board Members

Experienced Board: SIDMA'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

Sidma S.A. Steel Products's employee growth, exchange listings and data sources


Key Information

  • Name: Sidma S.A. Steel Products
  • Ticker: SIDMA
  • Exchange: ATSE
  • Founded: 1931
  • Industry: Steel
  • Sector: Materials
  • Market Cap: €37.487m
  • Shares outstanding: 13.58m
  • Website: https://www.sidma.gr

Number of Employees


Location

  • Sidma S.A. Steel Products
  • 30, Vasileos Georgiou Street
  • Halandri
  • Athens
  • 152 33
  • Greece

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/24 22:45
End of Day Share Price2021/11/24 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.