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Optronics Technologies

ATSE:OPTRON
Snowflake Description

Flawless balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OPTRON
ATSE
€6M
Market Cap
  1. Home
  2. GR
  3. Tech
Company description

Optronics Technologies S.A. provides services in the fiber optics, optoelectronics, and laser applications markets in Greece. The last earnings update was 174 days ago. More info.


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OPTRON Share Price and Events
7 Day Returns
0%
ATSE:OPTRON
2.2%
Europe Communications
0.8%
GR Market
1 Year Returns
0%
ATSE:OPTRON
32.2%
Europe Communications
-10%
GR Market
OPTRON Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Optronics Technologies (OPTRON) 0% 0% 0% 0% 0% 20.4%
Europe Communications 2.2% 1.7% 11.4% 32.2% 6.6% 1.4%
GR Market 0.8% 5.3% 12.6% -10% 24.5% -63.8%
1 Year Return vs Industry and Market
  • OPTRON underperformed the Communications industry which returned 32.2% over the past year.
  • OPTRON outperformed the Market in Greece which returned -10% over the past year.
Price Volatility
OPTRON
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Optronics Technologies's competitors could be found in our database.

OPTRON Value

 Is Optronics Technologies 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 Optronics Technologies 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 Optronics Technologies.

ATSE:OPTRON Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 20.8%
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:OPTRON
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GR Govt Bond Rate 4.9%
Equity Risk Premium S&P Global 15%
Communications Unlevered Beta Simply Wall St/ S&P Global 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.085 (1 + (1- 29%) (0%))
1.057
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 4.93% + (1.057 * 14.99%)
20.78%

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

The calculations below outline how an intrinsic value for Optronics Technologies 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:OPTRON DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 20.78%)
2019 0.16 Est @ 37.37% 0.14
2020 0.21 Est @ 27.64% 0.14
2021 0.25 Est @ 20.83% 0.14
2022 0.29 Est @ 16.06% 0.14
2023 0.33 Est @ 12.72% 0.13
2024 0.36 Est @ 10.38% 0.12
2025 0.39 Est @ 8.75% 0.11
2026 0.42 Est @ 7.6% 0.09
2027 0.45 Est @ 6.8% 0.08
2028 0.48 Est @ 6.24% 0.07
Present value of next 10 years cash flows €1.16
ATSE:OPTRON DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €0.48 × (1 + 4.93%) ÷ (20.78% – 4.93%)
€3.19
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €3.19 ÷ (1 + 20.78%)10
€0.48
ATSE:OPTRON Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1.16 + €0.48
€1.64
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1.64 / 3.33
€0.49
ATSE:OPTRON Discount to Share Price
Calculation Result
Value per share (EUR) From above. €0.49
Current discount Discount to share price of €1.77
= -1 x (€1.77 - €0.49) / €0.49
-259.5%

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

  • The current share price of Optronics Technologies 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 Optronics Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Optronics Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ATSE:OPTRON PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in EUR €-0.11
ATSE:OPTRON Share Price ** ATSE (2019-03-21) in EUR €1.77
Europe Communications Industry PE Ratio Median Figure of 22 Publicly-Listed Communications Companies 19.79x
Greece Market PE Ratio Median Figure of 94 Publicly-Listed Companies 13.73x

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

** Primary Listing of Optronics Technologies.

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

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

= 1.77 ÷ -0.11

-16.67x

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

  • Optronics Technologies is loss making, we can't compare its value to the Europe Communications industry average.
  • Optronics Technologies is loss making, we can't compare the value of its earnings to the Greece market.
Price based on expected Growth
Does Optronics Technologies's expected growth come at a high price?
Raw Data
ATSE:OPTRON PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -16.67x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Communications Industry PEG Ratio Median Figure of 11 Publicly-Listed Communications Companies 1x
Greece Market PEG Ratio Median Figure of 19 Publicly-Listed Companies 1.09x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Optronics Technologies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Optronics Technologies's assets?
Raw Data
ATSE:OPTRON PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in EUR €0.49
ATSE:OPTRON Share Price * ATSE (2019-03-21) in EUR €1.77
Europe Communications Industry PB Ratio Median Figure of 50 Publicly-Listed Communications Companies 1.64x
Greece Market PB Ratio Median Figure of 139 Publicly-Listed Companies 0.87x
ATSE:OPTRON PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.77 ÷ 0.49

3.64x

* Primary Listing of Optronics Technologies.

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

  • Optronics Technologies is overvalued based on assets compared to the Europe Communications industry average.
X
Value checks
We assess Optronics Technologies'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 Communications 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 Communications industry average (and greater than 0)? (1 check)
  5. Optronics Technologies has a total score of 0/6, 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.

OPTRON Future Performance

 How is Optronics Technologies expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Optronics Technologies 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
49.2%
Expected Communications industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Optronics Technologies expected to grow at an attractive rate?
  • Unable to compare Optronics Technologies's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Optronics Technologies's earnings growth to the Greece market average as no estimate data is available.
  • Unable to compare Optronics Technologies's revenue growth to the Greece market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ATSE:OPTRON Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Communications Industry Earnings Growth Rate Market Cap Weighted Average 49.2%
Europe Communications Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Greece Market Earnings Growth Rate Market Cap Weighted Average 17.4%
Greece Market Revenue Growth Rate Market Cap Weighted Average 5.5%

*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:OPTRON Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ATSE:OPTRON Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-06-30 4 0 0
2018-03-31 3 0 0
2017-12-31 1 0 0
2017-09-30 2 0 0
2017-06-30 2 0 0
2017-03-31 2 0 0
2016-12-31 2 0 0
2016-09-30 2 0 0
2016-06-30 2 0 0
2016-03-31 2 0 0
2015-12-31 1 0 0
2015-09-30 2 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Optronics Technologies is high growth as no earnings estimate data is available.
  • Unable to determine if Optronics Technologies is high growth as no revenue estimate data is available.
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:OPTRON Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Optronics Technologies Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ATSE:OPTRON Past Financials Data
Date (Data in EUR Millions) EPS *
2018-06-30 -0.11
2018-03-31 -0.13
2017-12-31 -0.15
2017-09-30 -0.07
2017-06-30 0.01
2017-03-31 0.01
2016-12-31 0.02
2016-09-30 -0.01
2016-06-30 -0.04
2016-03-31 -0.04
2015-12-31 -0.04
2015-09-30 -0.04

*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.
  • Unable to establish if Optronics Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Optronics Technologies's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Optronics Technologies's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Tech companies here
  3. Optronics Technologies's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Optronics Technologies'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 Europe 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.
Optronics Technologies has a total score of 0/6, 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.

OPTRON Past Performance

  How has Optronics Technologies 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 Optronics Technologies's growth in the last year to its industry (Communications).
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.
  • Optronics Technologies does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Optronics Technologies's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Optronics Technologies's 1-year growth to the Europe Communications industry average as it is not currently profitable.
Earnings and Revenue History
Optronics Technologies'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 Optronics Technologies Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ATSE:OPTRON Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 3.81 -0.35 0.28 0.06
2018-03-31 2.62 -0.43 0.28 0.06
2017-12-31 1.44 -0.50 0.28 0.05
2017-09-30 1.69 -0.23 0.30 0.03
2017-06-30 1.93 0.04 0.33 0.00
2017-03-31 2.10 0.05 0.33 0.04
2016-12-31 2.27 0.05 0.33 0.08
2016-09-30 1.93 -0.04 0.31 0.18
2016-06-30 1.59 -0.14 0.29 0.29
2016-03-31 1.54 -0.14 0.30 0.27
2015-12-31 1.50 -0.15 0.31 0.24
2015-09-30 1.68 -0.14 0.34 0.17
2015-06-30 1.87 -0.14 0.37 0.10
2015-03-31 1.95 -0.07 0.37 0.14
2014-12-31 2.04 0.00 0.37 0.17
2014-09-30 2.14 0.00 0.38 0.20
2014-06-30 2.24 -0.01 0.40 0.23
2014-03-31 2.08 -0.11 0.40 0.21
2013-12-31 1.92 -0.22 0.40 0.19
2013-09-30 2.08 -0.15 0.35 0.13
2013-06-30 2.23 -0.07 0.30 0.07
2013-03-31 2.55 -0.10 0.37 0.04
2012-12-31 2.87 -0.12 0.44
2012-09-30 3.16 -0.27 0.51
2012-06-30 3.46 -0.43 0.58
2012-03-31 3.69 -0.31 0.54

*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.
  • It is difficult to establish if Optronics Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Optronics Technologies has efficiently used its assets last year compared to the Europe Communications industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Optronics Technologies improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Optronics Technologies'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 Communications 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.
Optronics Technologies has a total score of 0/6, 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.

OPTRON Health

 How is Optronics Technologies'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 Optronics Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Optronics Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Optronics Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Optronics Technologies'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.
  • Optronics Technologies has no debt, it does not need to be covered by short term assets.
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 Optronics Technologies Company Filings, last reported 8 months ago.

ATSE:OPTRON Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 1.62 0.00 0.54
2018-03-31 1.62 0.00 0.54
2017-12-31 1.60 0.00 0.48
2017-09-30 1.60 0.00 0.48
2017-06-30 1.98 0.00 0.41
2017-03-31 1.98 0.00 0.41
2016-12-31 2.10 0.00 0.44
2016-09-30 2.10 0.00 0.44
2016-06-30 1.95 0.00 0.49
2016-03-31 1.95 0.00 0.49
2015-12-31 2.05 0.00 0.47
2015-09-30 2.05 0.00 0.47
2015-06-30 2.09 0.00 0.45
2015-03-31 2.09 0.00 0.45
2014-12-31 2.20 0.00 0.63
2014-09-30 2.20 0.00 0.63
2014-06-30 2.22 0.00 0.71
2014-03-31 2.22 0.00 0.71
2013-12-31 2.19 0.00 0.62
2013-09-30 2.19 0.00 0.62
2013-06-30 2.24 0.00 0.87
2013-03-31 2.24 0.00 0.87
2012-12-31 2.42 0.00 1.03
2012-09-30 2.42 0.00 1.03
2012-06-30 2.31 0.00 0.64
2012-03-31 2.31 0.00 0.64
  • Optronics Technologies has no debt.
  • Optronics Technologies had no debt 5 years ago.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Optronics Technologies has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Optronics Technologies has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -114.8% per year.
X
Financial health checks
We assess Optronics Technologies'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. Optronics Technologies has a total score of 6/6, 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.

OPTRON Dividends

 What is Optronics Technologies'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
0%
Current annual income from Optronics Technologies dividends.
If you bought €2,000 of Optronics Technologies shares you are expected to receive €0 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?
  • Unable to evaluate Optronics Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Optronics Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:OPTRON 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 0 Analyst Estimates (S&P Global) See Below
Europe Communications Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.4%
Greece Market Average Dividend Yield Market Cap Weighted Average of 51 Stocks 4.9%
Greece Minimum Threshold Dividend Yield 10th Percentile 1.2%
Greece Bottom 25% Dividend Yield 25th Percentile 1.9%
Greece Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

ATSE:OPTRON Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2010-09-14 0.000 0.000
2010-04-01 0.000 0.000

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

  • Unable to perform a dividend volatility check as Optronics Technologies has not reported any payouts.
  • Unable to verify if Optronics Technologies's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Optronics Technologies's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Optronics Technologies has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Optronics Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Optronics Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Optronics Technologies has a total score of 0/6, see the detailed checks below.


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

OPTRON Management

 What is the CEO of Optronics Technologies'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
George Papastergiou
CEO Bio

Mr. Georgios Papastergiou, also known as George, is a m Co-founder of Optronics Technologies S.A. and serves as its Executive President of the Board of Directors, Chief Executive Officer and President Mr. Papastergiou is the Coordinator of ASTRON, FOX-C and InSpace FP7 projects. He is a member of the Institute of Physics (IOP), UK, the Optical Society of America (OSA), USA, the Hellenic Optical Society (HELiOS) and International Commission for Optics (ICO). He has 24 years of experience in Business Development and Product/Services Commercialisation, Project Management on technical, financial and marketing aspects in Private, National and European projects in the areas of Electronics, Optoelectronics, Fibre Optics and Telecommunications. He is author of many articles in the technical press. He has a BSc. in Physics and Electronics with Mathematics and an MSc. in Modern and Applied Optics from the University of Reading, UK.

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

George Papastergiou

TITLE
Co-Founder

Christoforos Papastergiou

TITLE
Executive VP of the Board of Directors & CEO

Ilias Koukouvinos

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Co-Founder

Vasileios Siarampalis

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Chief Financial Officer

Kyriakos Vlachos

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Consultant
Board of Directors

George Papastergiou

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Co-Founder

Christoforos Papastergiou

TITLE
Executive VP of the Board of Directors & CEO

Ilias Koukouvinos

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Co-Founder

Michail Zervas

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Non-Executive Director
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 Optronics Technologies'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. Optronics Technologies 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.

OPTRON News

Simply Wall St News

Is Optronics Technologies S.A. (ATH:OPTRON) A Financially Sound Company?

However, it also faces higher cost of capital given interest cost is generally lower than equity. … Is OPTRON right in choosing financial flexibility over lower cost of capital … Debt funding can be cheaper than issuing new equity due to lower interest cost on debt.

Simply Wall St -

What does Optronics Technologies SA's (ATH:OPTRON) Balance Sheet Tell Us About Its Future?

Optronics Technologies SA (ATH:OPTRON), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … I will take you through a few basic checks to assess the financial health of companies with no debt. … Is financial flexibility worth the lower cost of capital.

Simply Wall St -

Optronics Technologies SA (ATH:OPTRON): Time For A Financial Health Check

However, it also faces higher cost of capital given interest cost is generally lower than equity. … Does OPTRON's growth rate justify its decision for financial flexibility over lower cost of capital … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital.

Simply Wall St -

One Thing To Consider Before Buying Optronics Technologies SA. (ATH:OPTRON)

Every stock in the market is exposed to this risk, which arises from macroeconomic factors such as economic growth and geo-political tussles just to name a few. … OPTRON’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio. … OPTRON, with its market capitalisation of €5.90M, is a small-cap stock, which generally have higher beta than similar companies of larger size.

Simply Wall St -

What Do You Get For Owning Optronics Technologies SA. (ATH:OPTRON)?

To understand Optronics Technologies’s capital returns we will look at a useful metric called return on capital employed. … View our latest analysis for Optronics Technologies What is Return on Capital Employed (ROCE)? … To determine Optronics Technologies's capital return we will use ROCE, which tells us how much the company makes from the capital employed in their operations (for things like machinery, wages etc) I have calculated Optronics Technologies’s ROCE for you below: ROCE Calculation for OPTRON Return on Capital Employed (ROCE) = Earnings Before Tax (EBT) ÷ (Capital Employed) Capital Employed = (Total Assets - Current Liabilities) ∴ ROCE = €39.74K ÷ (€2.45M - €425.58K) = 1.97% The calculation above shows that OPTRON’s earnings were 1.97% of capital employed.

Simply Wall St -

Why Optronics Technologies SA.'s (ATH:OPTRON) Ownership Structure Is Important

General Public Ownership The general public holds a substantial 99.15% stake in OPTRON, making it a highly popular stock among retail investors. … This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions.

Simply Wall St -

Should You Sell Optronics Technologies SA. (ATH:OPTRON) At This PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for OPTRON Price per share = €1.77 Earnings per share = €0.011 ∴ Price-Earnings Ratio = €1.77 ÷ €0.011 = 158x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you are inadvertently comparing riskier firms with OPTRON, then OPTRON’s P/E would naturally be higher than its peers since investors would reward its lower risk with a higher price. … If this assumption does not hold true, OPTRON’s higher P/E ratio may be because firms in our peer group are being undervalued by the market.

Simply Wall St -

Why Optronics Technologies SA. (ATH:OPTRON) May Not Be As Efficient As Its Industry

See our latest analysis for Optronics Technologies Breaking down Return on Equity Return on Equity (ROE) is a measure of Optronics Technologies’s profit relative to its shareholders’ equity. … For now, let’s just look at the cost of equity number for Optronics Technologies, which is 9.07%. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity ATSE:OPTRON Last Perf Mar 13th 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.

Simply Wall St -

OPTRON Company Info

Description

Optronics Technologies S.A. provides services in the fiber optics, optoelectronics, and laser applications markets in Greece. It provides fiber-net products, such as fiber optic cables, patch panels, patchcord-pigtails, adaptors-connectors, racks, cable raceways parts, joint closures, and WDMs-splitters; and FTTH products, including cables, cabinets, distribution boxes, outlets, and splitter panels. The company also offers cabling products consisting of copper cables, outlets-faceplates, patch panels, and jacks-patch cords; network products, such as converters and switches, as well as industrial, fiber optic, CDWM-DWDM, and live fiber monitoring products; and surveillance products, including analog and IP cameras, and DVRs-NVRs. In addition, it provides tools and instruments comprising strippers, cleavers, polishers, fault locators, and blowing machines; splicers; measuring instruments consisting of OTDRs, mini OTDRs, power meter-light sources, and cable testers; labelling solutions that include handheld and desktop printers, and label types and materials; video over fiber products that comprise converters, transmitters, receivers, and amplifiers; and scientific instruments comprising lasers, optics, laser safety, spectrometers, laser meters, and microscopes. Further, the company offers network studies and design, FTTH design, turn-key telecom network, fiber optic network installation, IT integration and control networks, technical support and maintenance, projects and installations, and communication services development services. It serves telecommunication and fiber optic cable manufacturers, PTTs, alternative carriers, universities, institutes, OEM manufacturers, contractors, private companies, and other optoelectronics users. The company was founded in 1990 and is based in Athens, Greece.

Details
Name: Optronics Technologies S.A.
OPTRON
Exchange: ATSE
Founded: 1990
€5,900,295
3,333,500
Website: http://www.optronics.gr
Address: Optronics Technologies S.A.
79-81 Thessalonikis Street,
Moschato,
Athens,
183 46,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ATSE OPTRON Ordinary Shares The Athens Stock Exchange GR EUR 09. Dec 2008
Number of employees
Current staff
Staff numbers
0
Optronics Technologies employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 21:38
End of day share price update: 2019/03/21 00:00
Last earnings filing: 2018/09/28
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.