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PROD

Prodea Real Estate Investment Company Société AnonymeATSE:PRODEA Stock Report

Market Cap

€2.0b

7D

0%

1Y

0.6%

Updated

24 Sep, 2021

Data

Company Financials
PRODEA fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health2/6
Dividends2/6

PRODEA Overview

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

Summary of all time highs, changes and price drops for Prodea Real Estate Investment Company Société Anonyme
Historical stock prices
Current Share Price€7.95
52 Week High€6.75
52 Week Low€8.80
Beta-0.20
1 Month Change-0.63%
3 Month Change6.00%
1 Year Change0.63%
3 Year Change68.43%
5 Year Change100.76%
Change since IPO189.09%

Recent News & Updates

Shareholder Returns

PRODEAGR REITsGR Market
7D0%0.6%-2.6%
1Y0.6%32.2%-9.8%

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.

Price Volatility

Is PRODEA's price volatile compared to industry and market?
PRODEA volatility
PRODEA Beta-0.20
Industry Beta1.06
Market Beta1

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

FoundedEmployeesCEOWebsite
n/a553Aristotle Karytinoshttps://www.nbgpangaea.gr

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

How do Prodea Real Estate Investment Company Société Anonyme's earnings and revenue compare to its market cap?
PRODEA fundamental statistics
Market Cap€2.03b
Earnings (TTM)€69.82m
Revenue (TTM)€134.16m

29.1x

P/E Ratio

15.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PRODEA income statement (TTM)
Revenue€134.16m
Cost of Revenue€20.40m
Gross Profit€113.76m
Expenses€43.94m
Earnings€69.82m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.27
Gross Margin84.79%
Net Profit Margin52.04%
Debt/Equity Ratio57.6%

How did PRODEA perform over the long term?

See historical performance and comparison

Dividends

4.4%

Current Dividend Yield

161%

Payout Ratio

Valuation

Is Prodea Real Estate Investment Company Société Anonyme undervalued compared to its fair value and its price relative to the market?

29.09x

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).


Future Growth

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?

23.3%

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.


Past Performance

How has Prodea Real Estate Investment Company Société Anonyme performed over the past 5 years?

23.1%

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.


Financial Health

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).


Balance Sheet


Dividend

What is Prodea Real Estate Investment Company Société Anonyme current dividend yield, its reliability and sustainability?

4.43%

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.


Next Steps

Management

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

5.3yrs

Average board tenure


CEO

Aristotle Karytinos (65 yo)

no data

Tenure

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...


Board Members

Experienced Board: PRODEA's board of directors are considered experienced (5.3 years average tenure).


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

Prodea Real Estate Investment Company Société Anonyme's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Prodea Real Estate Investment Company Société Anonyme
  • 6, Karageorgi Servias Street
  • Athens
  • 105 62
  • Greece

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/24 23:00
End of Day Share Price2021/09/24 00:00
Earnings2021/03/31
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.