ATSE:KEKR

Stock Analysis Report

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Market Cap

€42.3m

Last Updated

2021/07/30 18:29 UTC

Data Sources

Company Financials

Executive Summary

Kekrops S.A. engages in the development, construction, and exploitation of real estate properties with a focus on maisonettes and luxury residences in Greece. More Details


Snowflake Analysis

Questionable track record with worrying balance sheet.

Share Price & News

How has Kekrops's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

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


Market Performance


7 Day Return

9.9%

KEKR

4.8%

GR Real Estate

2.2%

GR Market


1 Year Return

-11.7%

KEKR

51.1%

GR Real Estate

-15.1%

GR Market

Return vs Industry: KEKR underperformed the Greek Real Estate industry which returned 51.1% over the past year.

Return vs Market: KEKR exceeded the Greek Market which returned -15.1% over the past year.


Shareholder returns

KEKRIndustryMarket
7 Day9.9%4.8%2.2%
30 Day10.1%8.9%-1.1%
90 Day6.6%11.4%-3.3%
1 Year-11.7%-11.7%52.0%51.1%-13.6%-15.1%
3 Year63.6%63.6%54.0%45.5%-47.5%-49.4%
5 Year484.2%327.1%96.3%82.6%-40.0%-43.1%

Long-Term Price Volatility Vs. Market

How volatile is Kekrops's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Kekrops undervalued compared to its fair value and its price relative to the market?

3708.26x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate KEKR's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate KEKR's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: KEKR is poor value based on its PE Ratio (3708.3x) compared to the European Real Estate industry average (13.9x).

PE vs Market: KEKR is poor value based on its PE Ratio (3708.3x) compared to the Greek market (21.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: KEKR is overvalued based on its PB Ratio (12.1x) compared to the GR Real Estate industry average (1.5x).


Future Growth

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

-5.8%

Forecasted Real Estate 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 Kekrops 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 Kekrops performed over the past 5 years?

27.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KEKR has a large one-off gain of €683.3K impacting its December 31 2020 financial results.

Growing Profit Margin: KEKR became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: KEKR has become profitable over the past 5 years, growing earnings by 27.6% per year.

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

Earnings vs Industry: KEKR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (2.9%).


Return on Equity

High ROE: KEKR's Return on Equity (0.3%) is considered low.


Financial Health

How is Kekrops's financial position?


Financial Position Analysis

Short Term Liabilities: KEKR's short term assets (€1.7M) exceed its short term liabilities (€166.0K).

Long Term Liabilities: KEKR's short term assets (€1.7M) do not cover its long term liabilities (€4.9M).


Debt to Equity History and Analysis

Debt Level: KEKR's debt to equity ratio (132.6%) is considered high.

Reducing Debt: KEKR's debt to equity ratio has increased from 67.2% to 132.6% over the past 5 years.

Debt Coverage: KEKR's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if KEKR's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Kekrops's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate KEKR'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 KEKR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if KEKR'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 KEKR'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?

0.4yrs

Average board tenure


CEO

Petros Souretis (52 yo)

9.33yrs

Tenure

Mr. Petros K. Souretis has been Non-Executive Director at Intracom Holdings S.A. since October 2020. Mr. Souretis has been the Managing Director of Intrakat SA., since March, 2012 and serves as its Executi...


Board Members

Experienced Board: KEKR's board of directors are not considered experienced ( 0.4 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

Kekrops S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kekrops S.A.
  • Ticker: KEKR
  • Exchange: ATSE
  • Founded: 1923
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: €42.282m
  • Shares outstanding: 19.80m
  • Website: https://www.kekrops.gr

Number of Employees


Location

  • Kekrops S.A.
  • 6, Dafnis Street
  • Palaio
  • Psychiko
  • 154 52
  • Greece

Listings


Biography

Kekrops S.A. engages in the development, construction, and exploitation of real estate properties with a focus on maisonettes and luxury residences in Greece. The company constructs, sells, and leases buil...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/30 18:29
End of Day Share Price2021/07/30 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.