New Risk • May 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Greek stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.0% average weekly change). Earnings have declined by 13% per year over the past 5 years. Minor Risks Revenue is less than US$5m (€2.1m revenue, or US$2.4m). Market cap is less than US$100m (€37.3m market cap, or US$43.8m). New Risk • May 05
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: €2.1m (US$2.4m) This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Revenue is less than US$5m (€2.1m revenue, or US$2.4m). Market cap is less than US$100m (€33.0m market cap, or US$38.5m). Reported Earnings • May 05
Full year 2025 earnings released Full year 2025 results: Revenue: €2.08m (down 48% from FY 2024). Net loss: €689.9k (loss narrowed 33% from FY 2024). New Risk • May 04
New major risk - Revenue and earnings growth Earnings have declined by 4.3% 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 4.3% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (€32.7m market cap, or US$38.3m). New Risk • Apr 04
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: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (€31.4m market cap, or US$36.1m). New Risk • Mar 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Greek stocks, typically moving 6.4% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (6.4% average weekly change). Minor Risk Market cap is less than US$100m (€31.1m market cap, or US$36.1m). New Risk • Jun 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Greek stocks, typically moving 7.3% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.3% average weekly change). Minor Risks Revenue is less than US$5m (€4.0m revenue, or US$4.6m). Market cap is less than US$100m (€25.9m market cap, or US$29.5m). New Risk • May 28
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 Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Revenue is less than US$5m (€4.0m revenue, or US$4.6m). Market cap is less than US$100m (€24.2m market cap, or US$27.4m). New Risk • Apr 15
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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Revenue is less than US$1m (€511k revenue, or US$580k). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (€22.3m market cap, or US$25.3m). Announcement • Apr 14
Kekrops S.A., Annual General Meeting, Jun 04, 2025 Kekrops S.A., Annual General Meeting, Jun 04, 2025, at 10:00 GTB Standard Time. New Risk • Feb 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Greek stocks, typically moving 6.1% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. 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). Share price has been highly volatile over the past 3 months (6.1% average weekly change). Revenue is less than US$1m (€511k revenue, or US$527k). Minor Risk Market cap is less than US$100m (€26.8m market cap, or US$27.6m). Announcement • Sep 27
Kekrops S.A. to Report First Half, 2024 Results on Sep 27, 2024 Kekrops S.A. announced that they will report first half, 2024 results on Sep 27, 2024 New Risk • May 04
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). Share price has been highly volatile over the past 3 months (8.2% average weekly change). Revenue is less than US$1m (€13k revenue, or US$14k). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (619% net profit margin). Market cap is less than US$100m (€29.9m market cap, or US$32.2m). Announcement • Apr 24
Kekrops S.A. to Report Fiscal Year 2023 Results on Apr 26, 2024 Kekrops S.A. announced that they will report fiscal year 2023 results on Apr 26, 2024 New Risk • Apr 12
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: Major Risks Share price has been highly volatile over the past 3 months (7.8% average weekly change). High level of non-cash earnings (90% accrual ratio). Revenue is less than US$1m (€17k revenue, or US$19k). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (€32.7m market cap, or US$34.8m). New Risk • Apr 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Greek stocks, typically moving 7.8% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.8% average weekly change). High level of non-cash earnings (90% accrual ratio). Revenue is less than US$1m (€17k revenue, or US$19k). Minor Risk Market cap is less than US$100m (€32.7m market cap, or US$35.1m). Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €1.77, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 22x in the Real Estate industry in Greece. Total loss to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to €1.64, the stock trades at a trailing P/E ratio of 2.9x. Average trailing P/E is 34x in the Real Estate industry in Greece. Total loss to shareholders of 28% over the past three years. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €1.28, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 33x in the Real Estate industry in Greece. Total loss to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to €1.25, the stock trades at a trailing P/E ratio of 2.2x. Average trailing P/E is 20x in the Real Estate industry in Greece. Total loss to shareholders of 45% over the past three years. Announcement • Jun 22
Kekrops S.A.(ATSE:KEKR) dropped from ATHEX Composite Index Kekrops S.A. has been dropped from ATHEX Composite Index . Announcement • Jun 01
Kekrops S.A., Annual General Meeting, Jun 09, 2023 Kekrops S.A., Annual General Meeting, Jun 09, 2023, at 10:00 E. Europe Standard Time. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Member Eliana Kyrtata was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 02
First half 2022 earnings released: EPS: €0 (vs €0.018 loss in 1H 2021) First half 2022 results: EPS: €0. Net loss: €443.9k (loss widened 22% from 1H 2021). Announcement • Jun 02
Kekrops S.A., Annual General Meeting, Jun 27, 2022 Kekrops S.A., Annual General Meeting, Jun 27, 2022. Reported Earnings • May 01
Full year 2021 earnings released: €0.041 loss per share (vs €0.001 profit in FY 2020) Full year 2021 results: €0.041 loss per share (down from €0.001 profit in FY 2020). Net loss: €810.3k (down €821.6k from profit in FY 2020). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Member Eliana Kyrtata was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 22
Kekrops S.A.(ATSE:KEKR) dropped from ATHEX Composite Index Kekrops S.A. has been removed from ATHEX Composite Index. Is New 90 Day High Low • Dec 30
New 90-day high: €2.75 The company is up 19% from its price of €2.32 on 01 October 2020. The Greek market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 25% over the same period. Reported Earnings • Oct 04
First half earnings released Over the last 12 months the company has reported total losses of €537.9k, with losses narrowing by 4.2% from the prior year.