Loading...

Fourlis Holdings

ATSE:FOYRK
Snowflake Description

Acceptable track record with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FOYRK
ATSE
€256M
Market Cap
  1. Home
  2. GR
  3. Retail
Company description

Fourlis Holdings S.A., through its subsidiaries, engages in the retail trading activities in Greece, Romania, Cyprus, Bulgaria, and Turkey. The last earnings update was 4 days ago. More info.


Add to Portfolio Compare Print
FOYRK Share Price and Events
7 Day Returns
3.2%
ATSE:FOYRK
1.7%
GR Specialty Retail
0.7%
GR Market
1 Year Returns
-16.4%
ATSE:FOYRK
3.7%
GR Specialty Retail
-5.5%
GR Market
FOYRK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fourlis Holdings (FOYRK) 3.2% -6.9% 7.6% -16.4% 41.8% -1.5%
GR Specialty Retail 1.7% -7.3% 3.1% 3.7% 28.5% 25.3%
GR Market 0.7% -5.6% 6.3% -5.5% 3.7% -61.5%
1 Year Return vs Industry and Market
  • FOYRK underperformed the Specialty Retail industry which returned 3.7% over the past year.
  • FOYRK underperformed the Market in Greece which returned -5.5% over the past year.
Price Volatility
FOYRK
Industry
5yr Volatility vs Market

FOYRK Value

 Is Fourlis Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Fourlis Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Fourlis Holdings.

ATSE:FOYRK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 25%
Perpetual Growth Rate 10-Year GR Government Bond Rate 4.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ATSE:FOYRK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GR Govt Bond Rate 4.9%
Equity Risk Premium S&P Global 15%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.851 (1 + (1- 29%) (108.34%))
1.338
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.34
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 4.93% + (1.338 * 14.99%)
25%

Discounted Cash Flow Calculation for ATSE:FOYRK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Fourlis Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ATSE:FOYRK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 25%)
2019 0.50 Analyst x1 0.40
2020 20.60 Analyst x1 13.18
2021 28.70 Analyst x1 14.70
2022 35.73 Est @ 24.5% 14.64
2023 42.39 Est @ 18.63% 13.89
2024 48.54 Est @ 14.52% 12.73
2025 54.19 Est @ 11.64% 11.37
2026 59.41 Est @ 9.63% 9.97
2027 64.29 Est @ 8.22% 8.63
2028 68.94 Est @ 7.23% 7.41
Present value of next 10 years cash flows €106.91
ATSE:FOYRK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €68.94 × (1 + 4.93%) ÷ (25% – 4.93%)
€360.58
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €360.58 ÷ (1 + 25%)10
€38.73
ATSE:FOYRK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €106.91 + €38.73
€145.64
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €145.64 / 51.81
€2.81
ATSE:FOYRK Discount to Share Price
Calculation Result
Value per share (EUR) From above. €2.81
Current discount Discount to share price of €4.94
= -1 x (€4.94 - €2.81) / €2.81
-75.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Fourlis Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Fourlis Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fourlis Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ATSE:FOYRK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €0.26
ATSE:FOYRK Share Price ** ATSE (2019-05-24) in EUR €4.94
Greece Specialty Retail Industry PE Ratio Median Figure of 6 Publicly-Listed Specialty Retail Companies 20.11x
Greece Market PE Ratio Median Figure of 97 Publicly-Listed Companies 15.28x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Fourlis Holdings.

ATSE:FOYRK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ATSE:FOYRK Share Price ÷ EPS (both in EUR)

= 4.94 ÷ 0.26

19.24x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fourlis Holdings is good value based on earnings compared to the GR Specialty Retail industry average.
  • Fourlis Holdings is overvalued based on earnings compared to the Greece market.
Price based on expected Growth
Does Fourlis Holdings's expected growth come at a high price?
Raw Data
ATSE:FOYRK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.24x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
28.6%per year
Europe Specialty Retail Industry PEG Ratio Median Figure of 56 Publicly-Listed Specialty Retail Companies 1.2x
Greece Market PEG Ratio Median Figure of 19 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

ATSE:FOYRK PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.24x ÷ 28.6%

0.67x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fourlis Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Fourlis Holdings's assets?
Raw Data
ATSE:FOYRK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €3.28
ATSE:FOYRK Share Price * ATSE (2019-05-24) in EUR €4.94
Greece Specialty Retail Industry PB Ratio Median Figure of 6 Publicly-Listed Specialty Retail Companies 0.75x
Greece Market PB Ratio Median Figure of 138 Publicly-Listed Companies 0.84x
ATSE:FOYRK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ATSE:FOYRK Share Price ÷ Book Value per Share (both in EUR)

= 4.94 ÷ 3.28

1.5x

* Primary Listing of Fourlis Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fourlis Holdings is overvalued based on assets compared to the GR Specialty Retail industry average.
X
Value checks
We assess Fourlis Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Specialty Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Specialty Retail industry average (and greater than 0)? (1 check)
  5. Fourlis Holdings has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

FOYRK Future Performance

 How is Fourlis Holdings expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
28.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fourlis Holdings expected to grow at an attractive rate?
  • Fourlis Holdings's earnings growth is expected to exceed the low risk savings rate of 4.9%.
Growth vs Market Checks
  • Fourlis Holdings's earnings growth is expected to exceed the Greece market average.
  • Fourlis Holdings's revenue growth is positive but not above the Greece market average.
Annual Growth Rates Comparison
Raw Data
ATSE:FOYRK Future Growth Rates Data Sources
Data Point Source Value (per year)
ATSE:FOYRK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 28.6%
ATSE:FOYRK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 4.2%
Greece Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 9.2%
Europe Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
Greece Market Earnings Growth Rate Market Cap Weighted Average 16.7%
Greece Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ATSE:FOYRK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ATSE:FOYRK Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 552 2
2022-12-31 532 2
2021-12-31 510 62 32 3
2020-12-31 492 54 27 4
2019-12-31 469 31 20 4
ATSE:FOYRK Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 449 13
2018-12-31 448 34 14
2018-09-30 446 13
2018-06-30 445 29 13
2018-03-31 441 11
2017-12-31 434 22 10
2017-09-30 430 10
2017-06-30 426 17 7
2017-03-31 425 6
2016-12-31 428 20 6
2016-09-30 430 8
2016-06-30 423 27 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fourlis Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Fourlis Holdings's revenue is expected to grow by 4.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ATSE:FOYRK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Fourlis Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ATSE:FOYRK Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.62 0.62 0.62 1.00
2020-12-31 0.52 0.52 0.52 1.00
2019-12-31 0.39 0.39 0.39 1.00
ATSE:FOYRK Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 0.26
2018-12-31 0.28
2018-09-30
2018-06-30 0.24
2018-03-31
2017-12-31 0.19
2017-09-30
2017-06-30 0.14
2017-03-31
2016-12-31 0.12
2016-09-30
2016-06-30 0.10

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Fourlis Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Fourlis Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Greece market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Fourlis Holdings has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

FOYRK Past Performance

  How has Fourlis Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Fourlis Holdings's growth in the last year to its industry (Specialty Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Fourlis Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Fourlis Holdings's 1-year earnings growth is less than its 5-year average (20.4% vs 59.4%)
  • Fourlis Holdings's earnings growth has exceeded the GR Specialty Retail industry average in the past year (20.4% vs 13.9%).
Earnings and Revenue History
Fourlis Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Fourlis Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ATSE:FOYRK Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 448.89 13.29 169.13
2018-12-31 448.49 14.29 169.13
2018-09-30 446.16 13.34 164.42
2018-06-30 444.84 12.51 167.17
2018-03-31 441.16 11.04 164.42
2017-12-31 434.06 10.04 164.42
2017-09-30 429.63 9.52 161.12
2017-06-30 425.69 7.23 163.06
2017-03-31 424.93 6.42 161.12
2016-12-31 428.07 6.01 161.60
2016-09-30 429.60 7.89 151.41
2016-06-30 422.91 5.18 154.46
2016-03-31 416.70 4.99 151.41
2015-12-31 408.78 3.62 150.36
2015-09-30 404.53 0.35 154.98
2015-06-30 404.44 -3.64 158.83
2015-03-31 406.13 -7.45 159.59
2014-12-31 395.47 -2.76 156.27
2014-09-30 393.53 -4.09 155.43
2014-06-30 388.90 -3.60 153.76
2014-03-31 382.91 -6.83 153.87
2013-12-31 386.46 -7.87 154.13
2013-09-30 392.81 -8.74 158.98
2013-06-30 402.22 -9.89 160.59
2013-03-31 414.75 -11.00 164.26
2012-12-31 420.25 -11.25 165.43
2012-09-30 427.37 -11.26 165.53
2012-06-30 430.14 -9.28 166.08

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Fourlis Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Fourlis Holdings used its assets more efficiently than the GR Specialty Retail industry average last year based on Return on Assets.
  • Fourlis Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Fourlis Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Specialty Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Fourlis Holdings has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

FOYRK Health

 How is Fourlis Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Fourlis Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fourlis Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Fourlis Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Fourlis Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Fourlis Holdings Company Filings, last reported 1 month ago.

ATSE:FOYRK Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 169.90 277.00 23.40
2018-12-31 173.75 135.10 39.85
2018-09-30 165.70 139.30 32.20
2018-06-30 160.12 147.12 30.47
2018-03-31 165.40 152.20 30.10
2017-12-31 167.87 144.55 36.60
2017-09-30 161.60 147.00 33.10
2017-06-30 155.65 146.23 21.12
2017-03-31 159.90 156.30 18.90
2016-12-31 163.61 148.15 34.87
2016-09-30 158.60 143.00 23.60
2016-06-30 154.58 152.47 20.15
2016-03-31 153.90 158.70 11.70
2015-12-31 157.61 149.65 28.20
2015-09-30 153.39 162.16 20.61
2015-06-30 151.48 170.47 25.96
2015-03-31 153.63 175.42 12.09
2014-12-31 158.43 169.93 34.89
2014-09-30 159.25 159.48 14.69
2014-06-30 163.58 170.37 10.90
2014-03-31 164.68 162.93 12.29
2013-12-31 168.99 156.73 27.87
2013-09-30 168.79 161.06 32.07
2013-06-30 168.46 174.80 22.21
2013-03-31 172.26 178.94 25.18
2012-12-31 176.89 179.73 41.83
2012-09-30 176.77 197.57 55.35
2012-06-30 178.24 192.80 36.02
  • Fourlis Holdings's level of debt (163%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (99% vs 163% today).
  • Debt is not well covered by operating cash flow (12.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.9x coverage).
X
Financial health checks
We assess Fourlis Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Fourlis Holdings has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

FOYRK Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.03%
Current annual income from Fourlis Holdings dividends. Estimated to be 3.38% next year.
If you bought €2,000 of Fourlis Holdings shares you are expected to receive €41 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Fourlis Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in Greece (2.08%).
  • Fourlis Holdings's dividend is below the markets top 25% of dividend payers in Greece (4.21%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ATSE:FOYRK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Europe Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 60 Stocks 3.9%
Greece Market Average Dividend Yield Market Cap Weighted Average of 50 Stocks 4.3%
Greece Minimum Threshold Dividend Yield 10th Percentile 1.4%
Greece Bottom 25% Dividend Yield 25th Percentile 2.1%
Greece Top 25% Dividend Yield 75th Percentile 4.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ATSE:FOYRK Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.19 3.00
2020-12-31 0.17 4.00
2019-12-31 0.14 4.00
ATSE:FOYRK Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-05-22 0.100 2.006
2018-03-13 0.100 1.737
2012-02-28 0.000 0.000
2011-11-28 0.000 0.000
2011-08-29 0.000 0.000
2011-05-23 0.000 0.000
2011-02-28 0.000 0.000
2010-06-11 0.250 3.992

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fourlis Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Fourlis Holdings has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Fourlis Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3x coverage).
X
Income/ dividend checks
We assess Fourlis Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Fourlis Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fourlis Holdings has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

FOYRK Management

 What is the CEO of Fourlis Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Apostolos Petalas
AGE 57
CEO Bio

Mr. Apostolos D. Petalas serves as the Chief Executive Officer, Managing Director and Executive Director of Fourlis Holdings S.A. Mr. Petalas serves as an Executive Director of House Market S.A. He has been Independent Non-Executive Director at AS Company S.A. He holds a Business Administration degree from the University of Piraeus.

CEO Compensation
  • Insufficient data for Apostolos to compare compensation growth.
  • Insufficient data for Apostolos to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team

Apostolos Petalas

TITLE
CEO, MD & Executive Director
AGE
57

Maria Theodoulidou

TITLE
Group Finance Director of Controlling & Planning
AGE
50

Sotirios Mitrou

TITLE
Chief Accountant

George Alevizos

TITLE
Group Finance Director of Treasury
AGE
51

Ioannis Zakopoulos

TITLE
Legal Counsel & Company Secretary
AGE
60

Natasha Spirou

TITLE
Human Resources Director
AGE
56
TENURE
11.3 yrs

Lida Fourlis

TITLE
Group Social Responsibility Director & Executive Director
AGE
53
Board of Directors Tenure

Average tenure and age of the Fourlis Holdings board of directors in years:

5
Average Tenure
57.5
Average Age
  • The tenure for the Fourlis Holdings board of directors is about average.
Board of Directors

Vassilios Fourlis

TITLE
Chairman of the Board
AGE
58

Apostolos Petalas

TITLE
CEO, MD & Executive Director
AGE
57

Dafni Fourlis

TITLE
Vice Chairman
AGE
52

Eftichios Vassilakis

TITLE
Independent Vice Chairman
AGE
51
TENURE
5 yrs

Lida Fourlis

TITLE
Group Social Responsibility Director & Executive Director
AGE
53

David Watson

TITLE
Independent Non-Executive Director

Ioannis Brempos

TITLE
Non-Executive Director
AGE
78

Ioannis Kostopoulos

TITLE
Independent Non-Executive Director
AGE
62
TENURE
1.9 yrs

Pavlos Tryposkiadis

TITLE
Independent Non-Executive Director
AGE
60
TENURE
5.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Fourlis Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Fourlis Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

FOYRK News

Simply Wall St News

Is Fourlis Holdings SA's (ATH:FOYRK) 8.1% Better Than Average?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … That means that for every €1 worth of shareholders' equity, it generated €0.081 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Now The Time To Bet On The Retail Sector And Fourlis Holdings SA (ATH:FOYRK)?

operates in the retail industry. … Looking at trends for growth in macroeconomic factors such as inflation, consumer confidence and interest rates are important when thinking about investing in the retail industry … Retail analysts are forecasting for the entire industry,

Simply Wall St -

How Do Analysts See Fourlis Holdings SA's (ATH:FOYRK) Margin Performing In The Next Few Years?

earnings growth of 13.96% annualised … over the couple of years ahead, … it's important to take a step back

Simply Wall St -

Fourlis Holdings SA (ATH:FOYRK): Dividend Is Coming In 2 Days, Should You Buy?

Important news for shareholders and potential investors in Fourlis Holdings SA (ATH:FOYRK): The dividend payment of €0.10 per share will be distributed into shareholder on 30 July 2018, and the stock will begin trading ex-dividend at an earlier date, 24 July 2018. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I take a deeper dive into Fourlis Holdings's latest financial data to analyse its dividend attributes. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:?

Simply Wall St -

Fourlis Holdings SA (ATH:FOYRK): What Does The Future Look Like?

In March 2018, Fourlis Holdings SA (ATH:FOYRK) released its most recent earnings update. … with profits predicted to ramp up by an impressive 55.82% next year, … 5-year average growth rate of 38.54%.

Simply Wall St -

Fourlis Holdings SA (ATH:FOYRK) Investors Are Paying Above The Intrinsic Value

I am going to run you through how I calculated the intrinsic value of Fourlis Holdings SA (ATH:FOYRK). … by projecting its future cash flows and then discounting them to today's value. … discounted cash flows (DCF).

Simply Wall St -

Is Fourlis Holdings SA (ATH:FOYRK) A Sell At Its Current PE Ratio?

I am writing today to help inform people who are new to the stock market. … and want to begin learning the link between Fourlis Holdings SA (ATH:FOYRK)’s fundamentals and stock market performance. … While this makes FOYRK appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio

Simply Wall St -

Is Fourlis Holdings SA. (ATH:FOYRK) A Sell At Its Current PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for FOYRK Price per share = €5.83 Earnings per share = €0.194 ∴ Price-Earnings Ratio = €5.83 ÷ €0.194 = 30x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … For example, if you inadvertently compared riskier firms with FOYRK, then investors would naturally value FOYRK at a higher price since it is a less risky investment. … Similarly, if you accidentally compared lower growth firms with FOYRK, investors would also value FOYRK at a higher price since it is a higher growth investment.

Simply Wall St -

What Should Investors Know About Fourlis Holdings SA.'s (ATH:FOYRK) Future Margins?

To help investors get a top level understanding, this article will interpret Fourlis Holdings's margin performance so investors can evaluate the revenue and cost drivers behind future earnings projections and understand how they may impact on returns compared to the industry. … Margin Calculation for FOYRK Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 10.04 Million ÷ 434.06 Million = 2.31% There has been an expansion in Fourlis Holdings's margin over the past five years, due to 25.26% in average net income growth and decline in revenue growth of -0.037% on average, which means that the decrease in revenue has coincided with a larger portion falling to the bottom line as the company was able to maintain a positive earnings trajectory. … Understanding what could be driving Fourlis Holdings's future earnings It is expected that margins will further the previous expansion, with 6.76% in expected annual revenue growth and 36.72% earnings growth expected annually.

Simply Wall St -

Investors Are Undervaluing Fourlis Holdings SA. (ATH:FOYRK) By 23%

5-year cash flow forecast 2018 2019 2020 2021 2022 Levered FCF (€, Millions) €19.45 €23.48 €34.70 €35.47 €36.25 Source Analyst x4 Analyst x4 Analyst x1 Extrapolated @ (2.21%) Extrapolated @ (2.21%) Present Value Discounted @ 12.05% €17.36 €18.70 €24.67 €22.50 €20.52 Present Value of 5-year Cash Flow (PVCF)= €104 The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = €36 × (1 + 4.2%) ÷ (12% – 4.2%) = €483 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = €483 / ( 1 + 12%)5 = €274 The total value is the sum of cash flows for the next five years and the discounted terminal value, which results in the Total Equity Value, which in this case is €377. … ATSE:FOYRK Intrinsic Value Apr 3rd 18 The assumptions I'd like to point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.

Simply Wall St -

FOYRK Company Info

Description

Fourlis Holdings S.A., through its subsidiaries, engages in the retail trading activities in Greece, Romania, Cyprus, Bulgaria, and Turkey. It is involved in the retail trade of home furniture and household goods through IKEA stores; and sporting goods through INTERSPORT and TAF stores. As of December 31, 2018, the company operated 14 TAF stores, including 12 in Greece and 2 in Turkey. It also operates 7 IKEA stores, including 5 stores in Greece, 1 in Cyprus, and 1 in Bulgaria; 5 pick-up and order points in Greece and 3 pick-up and order points in Bulgaria; and 3 e-commerce stores in Greece, Cyprus, and Bulgaria. In addition, the company operates 117 INTERSPORT stores, including 50 stores in Greece, 30 in Romania, 24 in Turkey, 8 in Bulgaria, and 5 in Cyprus, as well as e-commerce stores in Greece, Romania, and Cyprus. Further, it has franchised sporting goods stores under the THE ATHLETE'S FOOT name in Greece and Turkey; and provides catering services in Greece, Cyprus, and Bulgaria, as well as warehousing services. The company was formerly known as Fourlis Bros S.A. and changed its name to Fourlis Holding S.A. in March 2000. Fourlis Holding S.A. was founded in 1950 and is headquartered in Marousi, Greece.

Details
Name: Fourlis Holdings S.A.
FOYRK
Exchange: ATSE
Founded: 1950
€255,669,094
51,807,314
Website: http://www.fourlis.gr
Address: Fourlis Holdings S.A.
Building A,
18-20 Sorou Street,
Marousi,
151 25,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ATSE FOYRK Common Shares The Athens Stock Exchange GR EUR 02. Jan 1992
BST 2FH Common Shares Boerse-Stuttgart DE EUR 02. Jan 1992
LSE 0NT5 Common Shares London Stock Exchange GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
4,038
Fourlis Holdings employees.
Industry
Homefurnishing Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/25 20:37
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/22
Last earnings filing: 2019/05/21
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.