ATSE:MLS

Stock Analysis Report

Executive Summary

MLS Innovation Inc. develops software and hardware products in Greece and internationally.

Snowflake

Fundamentals

Fair value with mediocre balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: MLS's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

42.9%

MLS

4.6%

GR Software

3.2%

GR Market


1 Year Return

-70.0%

MLS

22.0%

GR Software

39.1%

GR Market

Return vs Industry: MLS underperformed the Greek Software industry which returned 22% over the past year.

Return vs Market: MLS underperformed the Greek Market which returned 39.1% over the past year.


Shareholder returns

MLSIndustryMarket
7 Day42.9%4.6%3.2%
30 Day-19.5%2.7%3.1%
90 Day-71.3%-23.0%9.1%
1 Year-69.9%-70.0%23.6%22.0%44.1%39.1%
3 Year-64.9%-65.5%83.1%77.7%55.1%41.1%
5 Year-68.1%-68.6%60.4%52.3%-77.1%-77.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

21.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MLS (€1.38) is trading below our estimate of fair value (€1.75)

Significantly Below Fair Value: MLS is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: MLS is good value based on its PE Ratio (17.7x) compared to the Software industry average (22.2x).

PE vs Market: MLS is poor value based on its PE Ratio (17.7x) compared to the Greek market (16.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MLS is good value based on its PB Ratio (0.6x) compared to the GR Software industry average (1.4x).


Next Steps

Future Growth

How is MLS Innovation forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

18.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MLS's forecast earnings growth (18.5% per year) is above the savings rate (4.9%).

Earnings vs Market: MLS's earnings (18.5% per year) are forecast to grow faster than the Greek market (18% per year).

High Growth Earnings: MLS's earnings are forecast to grow, but not significantly.

Revenue vs Market: MLS's revenue is expected to decline over the next 3 years (-0.6% per year).

High Growth Revenue: MLS's revenue is forecast to decline over the next 3 years (-0.6% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MLS's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has MLS Innovation performed over the past 5 years?

-4.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MLS has high quality earnings.

Growing Profit Margin: MLS's current net profit margins (4.5%) are lower than last year (7.3%).


Past Earnings Growth Analysis

Earnings Trend: MLS's earnings have declined by -4.6% per year over the past 5 years.

Accelerating Growth: MLS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MLS had negative earnings growth (-41.1%) over the past year, making it difficult to compare to the Software industry average (34%).


Return on Equity

High ROE: MLS's Return on Equity (3.5%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is MLS Innovation's financial position?


Financial Position Analysis

Short Term Liabilities: MLS's short term assets (€27.5M) exceeds its short term liabilities (€20.6M)

Long Term Liabilities: MLS's short term assets (€27.5M) exceeds its long term liabilities (11.0M)


Debt to Equity History and Analysis

Debt Level: MLS's debt to equity ratio (45.5%) is considered high.

Reducing Debt: MLS's debt to equity ratio has increased from 2.9% to 45.5% over the past 5 years.

Debt Coverage: MLS's debt is well covered by operating cash flow (63.7%).

Interest Coverage: MLS's interest payments on its debt are not well covered by EBIT (1.9x coverage).


Balance Sheet

Inventory Level: MLS has a high level of physical assets or inventory.

Debt Coverage by Assets: MLS's debt is covered by short term assets (assets are 2.3x debt).


Next Steps

Dividend

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

1.45%

Current Dividend Yield


Dividend Yield vs Market

company1.4%marketbottom25%1.9%markettop25%3.8%industryaverage1.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: MLS's dividend (1.45%) isn’t notable compared to the bottom 25% of dividend payers in the Greek market (1.88%).

High Dividend: MLS's dividend (1.45%) is low compared to the top 25% of dividend payers in the Greek market (3.8%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether MLS's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if MLS's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (25.6%), MLS's dividend payments are 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

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

11.2yrs

Average board tenure


CEO

John Kamatakis (49yo)

0yrs

Tenure

0

Mr. Ioannis N. Kamatakis, also known as John, serves as the President of the Board and Chief Executive Officer, President and Managing Director at MLS Multimedia SA. Mr. Kamatakis founded the company in 19 ...


Board Age and Tenure

11.2yrs

Average Tenure

47yo

Average Age

Experienced Board: MLS's board of directors are seasoned and experienced ( 11.2 years average tenure).


Insider Trading

Insider Buying: MLS insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buy€12,79007 Nov 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares8,470
Max Price€1.51
Buy€4,57514 Oct 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares2,500
Max Price€1.83
Buy€1,28311 Oct 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares470
Max Price€2.73
Buy€8,46910 Oct 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares2,861
Max Price€2.96
Buy€7,11009 Oct 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares2,370
Max Price€3.00
Buy€41,82008 Oct 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares12,789
Max Price€3.27
Buy€3,96004 Oct 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares1,000
Max Price€3.96
Buy€6,61903 Oct 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares1,680
Max Price€3.94
Buy€7,12301 Oct 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares1,700
Max Price€4.19
Buy€12,11130 Sep 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares2,810
Max Price€4.31
Buy€2,45327 Sep 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares550
Max Price€4.46
Buy€3,53926 Sep 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares790
Max Price€4.48
Buy€8,61425 Sep 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares1,910
Max Price€4.51
Buy€16,23624 Sep 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares3,600
Max Price€4.51
Buy€50,17220 Sep 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares11,100
Max Price€4.52
Buy€12,19419 Sep 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares2,600
Max Price€4.69
Buy€6,16218 Sep 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares1,300
Max Price€4.74
Buy€10,36217 Sep 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares2,200
Max Price€4.71
Buy€6,80116 Sep 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares1,450
Max Price€4.69
Buy€49,54302 Aug 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares10,300
Max Price€4.81
Buy€24,87501 Aug 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares5,150
Max Price€4.83
Buy€20,28631 Jul 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares4,200
Max Price€4.83
Buy€12,05030 Jul 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares2,500
Max Price€4.82
Buy€7,01829 Jul 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares1,450
Max Price€4.84
Buy€13,70826 Jul 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares2,850
Max Price€4.81
Buy€52,15625 Jul 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares11,050
Max Price€4.72
Buy€21,51023 Jul 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares4,500
Max Price€4.78
Buy€9,23422 Jul 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares1,900
Max Price€4.86
Buy€20,74019 Jul 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares4,250
Max Price€4.88
Buy€7,51218 Jul 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares1,530
Max Price€4.91
Buy€9,06517 Jul 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares1,850
Max Price€4.90
Buy€22,06116 Jul 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares4,530
Max Price€4.87
Buy€14,73008 Jul 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares3,000
Max Price€4.91
Buy€21,24205 Jul 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares4,300
Max Price€4.94
Buy€9,88004 Jul 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares2,000
Max Price€4.94
Buy€86,27503 Jul 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares17,500
Max Price€4.93
Buy€9,98027 Jun 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares2,000
Max Price€4.99
Buy€8,70021 Jun 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares1,740
Max Price€5.00
Buy€111,00014 Jun 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares22,200
Max Price€5.00
Buy€5,17113 Jun 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares1,030
Max Price€5.02
Buy€5,16012 Jun 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares1,030
Max Price€5.01
Buy€21,54311 Jun 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares4,300
Max Price€5.01
Buy€9,82810 Jun 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares1,950
Max Price€5.04
Buy€95,69107 Jun 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares19,100
Max Price€5.01
Buy€5,83106 Jun 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares1,150
Max Price€5.07
Buy€7,79605 Jun 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares1,550
Max Price€5.03
Buy€5,00004 Jun 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares1,000
Max Price€5.00
Buy€8,58503 Jun 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares1,700
Max Price€5.05
Buy€10,08031 May 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares2,000
Max Price€5.04
Buy€19,94830 May 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares3,950
Max Price€5.05
Buy€10,27029 May 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares2,050
Max Price€5.01
Buy€89,35628 May 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares17,800
Max Price€5.02
Buy€34,61927 May 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares6,910
Max Price€5.01
Buy€7,50024 May 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares1,500
Max Price€5.00
Buy€4,72123 May 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares950
Max Price€4.97
Buy€8,71522 May 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares1,750
Max Price€4.98
Buy€11,43121 May 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares2,300
Max Price€4.97
Buy€8,44920 May 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares1,700
Max Price€4.97
Buy€22,25017 May 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares4,450
Max Price€5.00
Buy€16,09616 May 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares3,200
Max Price€5.03
Buy€13,63515 May 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares2,700
Max Price€5.05
Buy€23,32214 May 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares4,600
Max Price€5.07
Buy€16,44513 May 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares3,250
Max Price€5.06
Buy€12,77410 May 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares2,490
Max Price€5.13
Buy€13,32909 May 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares2,650
Max Price€5.03
Buy€19,74508 May 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares3,910
Max Price€5.05
Buy€14,11207 May 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares2,800
Max Price€5.04
Buy€32,76006 May 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares6,500
Max Price€5.04
Buy€20,77703 May 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares4,050
Max Price€5.13
Buy€12,71602 May 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares2,450
Max Price€5.19
Sell€5,00002 May 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares5,000
Max Price€1.00
Buy€8,30430 Apr 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares1,600
Max Price€5.19
Buy€5,17025 Apr 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares1,000
Max Price€5.17
Buy€11,89124 Apr 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares2,300
Max Price€5.17
Buy€17,28623 Apr 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares3,350
Max Price€5.16
Sell€339,99218 Apr 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares67,192
Max Price€5.06
Buy€9,58317 Apr 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares1,850
Max Price€5.18
Buy€11,82216 Apr 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares2,300
Max Price€5.14
Buy€14,79015 Apr 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares2,900
Max Price€5.10
Buy€37,85912 Apr 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares7,380
Max Price€5.13
Buy€28,33511 Apr 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares5,470
Max Price€5.18
Buy€15,60010 Apr 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares3,000
Max Price€5.20
Buy€20,96009 Apr 19
Ioannis Kamatakis
EntityIndividual
Role
Chief Executive Officer
President of the Board
Shares4,000
Max Price€5.24
Buy€18,60208 Apr 19
Ioannis Kamatakis