Fourlis Holdings
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
1 Year Returns
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.
FOYRK Value
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Fourlis Holdings.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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.
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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Fourlis Holdings's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Specialty Retail industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Specialty Retail industry average (and greater than 0)? (1 check) 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
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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Fourlis Holdings's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Greece market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Fourlis Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Fourlis Holdings's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Specialty Retail industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Fourlis Holdings Company Filings, last reported 1 month ago.
| 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).
Financial health checks
We assess Fourlis Holdings's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Fourlis Holdings has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
€2,000 of
Fourlis Holdings
shares you are expected to receive
€41
in your first year as a dividend.
Dividend Amount
- 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.
| 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.
| 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 |
| 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.
Income/ dividend checks
We assess Fourlis Holdings's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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
CEO, MD & Executive Director
57
Maria Theodoulidou
Group Finance Director of Controlling & Planning
50
Sotirios Mitrou
Chief Accountant
George Alevizos
Group Finance Director of Treasury
51
Ioannis Zakopoulos
Legal Counsel & Company Secretary
60
Natasha Spirou
Human Resources Director
56
11.3 yrs
Lida Fourlis
Group Social Responsibility Director & Executive Director
53
Board of Directors Tenure
Average tenure and age of the Fourlis Holdings board of directors in years:
- The tenure for the Fourlis Holdings board of directors is about average.
Board of Directors
Vassilios Fourlis
Chairman of the Board
58
Apostolos Petalas
CEO, MD & Executive Director
57
Dafni Fourlis
Vice Chairman
52
Eftichios Vassilakis
Independent Vice Chairman
51
5 yrs
Lida Fourlis
Group Social Responsibility Director & Executive Director
53
David Watson
Independent Non-Executive Director
Ioannis Brempos
Non-Executive Director
78
Ioannis Kostopoulos
Independent Non-Executive Director
62
1.9 yrs
Pavlos Tryposkiadis
Independent Non-Executive Director
60
5.5 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Fourlis Holdings's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleIs 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 - – Full articleHow 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 - – Full articleFourlis 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 - – Full articleFourlis 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 - – Full articleFourlis 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 - – Full articleIs 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 - – Full articleIs 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 - – Full articleWhat 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 - – Full articleInvestors 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 - – Full articleFOYRK 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
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.
