company background image
SPAC

Space Hellas ATSE:SPACE Stock Report

Last Price

€7.12

Market Cap

€45.2m

7D

-8.7%

1Y

-7.0%

Updated

29 Jun, 2022

Data

Company Financials
SPACE fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health3/6
Dividends0/6

SPACE Stock Overview

Space Hellas S.A., a system integrator and value-added solutions provider, designs, supplies, implements, and supports information and communication technologies (ICT) and security solutions in Greece and internationally.

Space Hellas Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Space Hellas
Historical stock prices
Current Share Price€7.12
52 Week High€10.80
52 Week Low€6.98
Beta0.97
1 Month Change-24.74%
3 Month Change-23.44%
1 Year Change-7.05%
3 Year Change42.40%
5 Year Change365.36%
Change since IPO-66.99%

Recent News & Updates

May 31
Is Space Hellas (ATH:SPACE) A Risky Investment?

Is Space Hellas (ATH:SPACE) A Risky Investment?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

Shareholder Returns

SPACEGR ITGR Market
7D-8.7%-5.0%-1.8%
1Y-7.0%10.4%-2.6%

Return vs Industry: SPACE underperformed the Greek IT industry which returned 9.6% over the past year.

Return vs Market: SPACE underperformed the Greek Market which returned -3.4% over the past year.

Price Volatility

Is SPACE's price volatile compared to industry and market?
SPACE volatility
SPACE Average Weekly Movement5.4%
IT Industry Average Movement5.4%
Market Average Movement5.0%
10% most volatile stocks in GR Market6.4%
10% least volatile stocks in GR Market3.1%

Stable Share Price: SPACE is not significantly more volatile than the rest of Greek stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: SPACE's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1985719Mertzanis Ioannishttps://www.space.gr

Space Hellas S.A., a system integrator and value-added solutions provider, designs, supplies, implements, and supports information and communication technologies (ICT) and security solutions in Greece and internationally. The company operates through three segments: Technology Solutions and Services, Integration Projects, and Mobile Telecommunications. It focuses on the design and implementation of telecommunication networks, information technology (IT) systems, managed services and data center facilities, security and IT security solutions, and OSS/BSS, as well as wireless and satellite networks solutions.

Space Hellas Fundamentals Summary

How do Space Hellas's earnings and revenue compare to its market cap?
SPACE fundamental statistics
Market Cap€45.23m
Earnings (TTM)€3.85m
Revenue (TTM)€103.32m

11.8x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SPACE income statement (TTM)
Revenue€103.32m
Cost of Revenue€82.80m
Gross Profit€20.52m
Other Expenses€16.68m
Earnings€3.85m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.61
Gross Margin19.86%
Net Profit Margin3.72%
Debt/Equity Ratio234.6%

How did SPACE perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

13%

Payout Ratio

Does SPACE pay a reliable dividends?

See SPACE dividend history and benchmarks
When do you need to buy SPACE by to receive an upcoming dividend?
Space Hellas dividend dates
Ex Dividend DateJul 14 2022
Dividend Pay DateJul 21 2022
Days until Ex dividend14 days
Days until Dividend pay date21 days

Does SPACE pay a reliable dividends?

See SPACE dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is SPACE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SPACE?

Other financial metrics that can be useful for relative valuation.

SPACE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.8x
Enterprise Value/EBITDA12.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does SPACE's PE Ratio compare to its peers?

SPACE PE Ratio vs Peers
The above table shows the PE ratio for SPACE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average19.3x
BYTE Byte Computer
14.7xn/a€45.9m
PERF Performance Technologies
14xn/a€48.4m
EUROC Euroconsultants
12.2xn/a€8.6m
PROF Profile Systems & Software
36.2x27.2%€79.8m
SPACE Space Hellas
11.8xn/a€45.2m

Price-To-Earnings vs Peers: SPACE is good value based on its Price-To-Earnings Ratio (11.8x) compared to the peer average (19.3x).


Price to Earnings Ratio vs Industry

How does SPACE's PE Ratio compare vs other companies in the European IT Industry?

Price-To-Earnings vs Industry: SPACE is good value based on its Price-To-Earnings Ratio (11.8x) compared to the European IT industry average (20.2x)


Price to Earnings Ratio vs Fair Ratio

What is SPACE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SPACE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SPACE's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of SPACE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SPACE (€7.12) is trading above our estimate of fair value (€0.96)

Significantly Below Fair Value: SPACE is trading above our estimate of fair value.


Price to Earnings Growth Ratio

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


Discover undervalued companies

Future Growth

How is Space Hellas forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


24.5%

Forecasted Software 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 Space Hellas 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.


Discover growth companies

  • Check out Space Hellas's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  • Space Hellas competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Space Hellas performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


22.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SPACE has a high level of non-cash earnings.

Growing Profit Margin: SPACE's current net profit margins (3.7%) are higher than last year (2.2%).


Past Earnings Growth Analysis

Earnings Trend: SPACE's earnings have grown significantly by 22.7% per year over the past 5 years.

Accelerating Growth: SPACE's earnings growth over the past year (114.7%) exceeds its 5-year average (22.7% per year).

Earnings vs Industry: SPACE earnings growth over the past year (114.7%) exceeded the IT industry 24.7%.


Return on Equity

High ROE: SPACE's Return on Equity (19%) is considered low.


Discover strong past performing companies

Financial Health

How is Space Hellas's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SPACE's short term assets (€93.6M) exceed its short term liabilities (€76.2M).

Long Term Liabilities: SPACE's short term assets (€93.6M) exceed its long term liabilities (€44.6M).


Debt to Equity History and Analysis

Debt Level: SPACE's net debt to equity ratio (139.1%) is considered high.

Reducing Debt: SPACE's debt to equity ratio has increased from 115.9% to 234.6% over the past 5 years.

Debt Coverage: SPACE's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: SPACE's interest payments on its debt are well covered by EBIT (4.6x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is Space Hellas's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.13%

Current Dividend Yield

Upcoming Dividend Payment

TodayJun 30 2022Ex Dividend DateJul 14 2022Dividend Pay DateJul 21 20227 days from Ex DividendBuy in the next 14 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: SPACE's dividend (1.13%) isn’t notable compared to the bottom 25% of dividend payers in the Greek market (2.19%).

High Dividend: SPACE's dividend (1.13%) is low compared to the top 25% of dividend payers in the Greek market (5.06%).


Stability and Growth of Payments

Stable Dividend: SPACE is not paying a notable dividend for the Greek market, therefore no need to check if payments are stable.

Growing Dividend: SPACE is not paying a notable dividend for the Greek market, therefore no need to check if payments are increasing.


Earnings Payout to Shareholders

Earnings Coverage: SPACE is not paying a notable dividend for the Greek market.


Cash Payout to Shareholders

Cash Flow Coverage: SPACE is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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


CEO

Mertzanis Ioannis (55 yo)

no data

Tenure

Dr. Mertzanis A. Ioannis serves as Chief Executive Officer of Space Hellas S.A. Dr. Ioannis serves as an Executive Director at Space Hellas S.A and served as its General Manager of Commercial & Operations...


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Space Hellas S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Space Hellas S.A.
  • Ticker: SPACE
  • Exchange: ATSE
  • Founded: 1985
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Implied Market Cap: €45.235m
  • Shares outstanding: 6.35m
  • Website: https://www.space.gr

Number of Employees


Location

  • Space Hellas S.A.
  • 312 Mesogeion Avenue
  • Agia Paraskevi
  • 153 41
  • Greece

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.