Prodea Real Estate Investment Company Société Anonyme, together with its subsidiaries, invests in, manages, and operates real estate properties primarily in Greece, Italy, and Romania.
Price History & Performance
|Historical stock prices|
|Current Share Price||€7.95|
|52 Week High||€6.75|
|52 Week Low||€8.80|
|1 Month Change||-0.63%|
|3 Month Change||6.00%|
|1 Year Change||0.63%|
|3 Year Change||68.43%|
|5 Year Change||100.76%|
|Change since IPO||189.09%|
Recent News & Updates
|PRODEA||GR REITs||GR Market|
Return vs Industry: PRODEA underperformed the Greek REITs industry which returned 32.2% over the past year.
Return vs Market: PRODEA exceeded the Greek Market which returned -9.8% over the past year.
Stable Share Price: PRODEA is less volatile than 75% of Greek stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: PRODEA's weekly volatility (2%) has been stable over the past year.
About the Company
Prodea Real Estate Investment Company Société Anonyme, together with its subsidiaries, invests in, manages, and operates real estate properties primarily in Greece, Italy, and Romania. The company’s properties include retail and office properties, and land plots, as well as city hotels, storage spaces, archives, petrol stations, and parking spaces. It primarily serves blue-chip tenants.
Prodea Real Estate Investment Company Société Anonyme Fundamentals Summary
|PRODEA fundamental statistics|
Is PRODEA overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PRODEA income statement (TTM)|
|Cost of Revenue||€20.40m|
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.27|
|Net Profit Margin||52.04%|
How did PRODEA perform over the long term?See historical performance and comparison
4.4%Current Dividend Yield
Is Prodea Real Estate Investment Company Société Anonyme undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PRODEA (€7.95) is trading above our estimate of fair value (€4.27)
Significantly Below Fair Value: PRODEA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PRODEA is poor value based on its PE Ratio (29.1x) compared to the European REITs industry average (16.4x).
PE vs Market: PRODEA is poor value based on its PE Ratio (29.1x) compared to the Greek market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PRODEA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PRODEA is overvalued based on its PB Ratio (1.5x) compared to the XE REITs industry average (1x).
How is Prodea Real Estate Investment Company Société Anonyme forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Prodea Real Estate Investment Company Société Anonyme 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.
How has Prodea Real Estate Investment Company Société Anonyme performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PRODEA has high quality earnings.
Growing Profit Margin: PRODEA's current net profit margins (52%) are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: PRODEA's earnings have grown significantly by 23.1% per year over the past 5 years.
Accelerating Growth: PRODEA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PRODEA had negative earnings growth (-75.6%) over the past year, making it difficult to compare to the REITs industry average (3.8%).
Return on Equity
High ROE: PRODEA's Return on Equity (4.4%) is considered low.
How is Prodea Real Estate Investment Company Société Anonyme's financial position?
Financial Position Analysis
Short Term Liabilities: PRODEA's short term assets (€474.9M) exceed its short term liabilities (€329.0M).
Long Term Liabilities: PRODEA's short term assets (€474.9M) do not cover its long term liabilities (€715.3M).
Debt to Equity History and Analysis
Debt Level: PRODEA's debt to equity ratio (57.6%) is considered high.
Reducing Debt: PRODEA's debt to equity ratio has increased from 33.1% to 57.6% over the past 5 years.
Debt Coverage: PRODEA's debt is not well covered by operating cash flow (7%).
Interest Coverage: PRODEA's interest payments on its debt are well covered by EBIT (3.9x coverage).
What is Prodea Real Estate Investment Company Société Anonyme current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PRODEA's dividend (4.43%) is higher than the bottom 25% of dividend payers in the Greek market (1.43%).
High Dividend: PRODEA's dividend (4.43%) is in the top 25% of dividend payers in the Greek market (3.93%)
Stability and Growth of Payments
Stable Dividend: PRODEA has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: PRODEA has only been paying a dividend for 6 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (160.6%), PRODEA's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Aristotle Karytinos (65 yo)
Mr. Aristotelis D. Karytinos, also known as Aristotle, serves as the Chief Executive Officer and Executive Vice Chairman of the Board at Prodea Real Estate Investment Company Société Anonyme. Mr. Karytinos...
Experienced Board: PRODEA's board of directors are considered experienced (5.3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Prodea Real Estate Investment Company Société Anonyme's employee growth, exchange listings and data sources
- Name: Prodea Real Estate Investment Company Société Anonyme
- Ticker: PRODEA
- Exchange: ATSE
- Founded: NaN
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: €2.031b
- Shares outstanding: 255.49m
- Website: https://www.nbgpangaea.gr
Number of Employees
- Prodea Real Estate Investment Company Société Anonyme
- 6, Karageorgi Servias Street
- 105 62
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/24 23:00|
|End of Day Share Price||2021/09/24 00:00|
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.