ATSE:FORTH

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Hellenic Company for Telecommunications and Telematic Applications

Executive Summary

Hellenic Company for Telecommunications and Telematic Applications S.A., together with its subsidiaries, provides telecommunications and pay-TV services to small and medium-sized enterprises, and private consumers in Greece.


Snowflake Analysis

Slightly overvalued with imperfect balance sheet.

Share Price & News

How has Hellenic Company for Telecommunications and Telematic Applications's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

FORTH

-1.4%

GR Telecom

-0.9%

GR Market


1 Year Return

-38.4%

FORTH

-8.9%

GR Telecom

-22.0%

GR Market

Return vs Industry: FORTH underperformed the Greek Telecom industry which returned -8.9% over the past year.

Return vs Market: FORTH underperformed the Greek Market which returned -22% over the past year.


Shareholder returns

FORTHIndustryMarket
7 Day0%-1.4%-0.9%
30 Day1.7%-3.1%-4.3%
90 Day-30.8%2.8%4.3%
1 Year-38.4%-38.4%-4.4%-8.9%-18.9%-22.0%
3 Year-34.6%-34.6%-11.7%-22.9%-14.8%-22.1%
5 Year-51.7%-51.7%-17.9%-33.7%-42.5%-46.8%

Price Volatility Vs. Market

How volatile is Hellenic Company for Telecommunications and Telematic Applications's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Hellenic Company for Telecommunications and Telematic Applications undervalued compared to its fair value and its price relative to the market?

40.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FORTH (€0.23) is trading below our estimate of fair value (€0.4)

Significantly Below Fair Value: FORTH is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FORTH is unprofitable, so we can't compare its PE Ratio to the XE Telecom industry average.

PE vs Market: FORTH is unprofitable, so we can't compare its PE Ratio to the Greek market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FORTH has negative assets, so we can't compare its PB Ratio to the XE Telecom industry average.


Next Steps

Future Growth

How is Hellenic Company for Telecommunications and Telematic Applications forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.5%

Forecasted Telecom 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 Hellenic Company for Telecommunications and Telematic Applications 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.


Next Steps

Past Performance

How has Hellenic Company for Telecommunications and Telematic Applications performed over the past 5 years?

8.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FORTH is currently unprofitable.

Growing Profit Margin: FORTH is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FORTH is unprofitable, but has reduced losses over the past 5 years at a rate of 8.9% per year.

Accelerating Growth: Unable to compare FORTH's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FORTH is unprofitable, making it difficult to compare its past year earnings growth to the Telecom industry (19.6%).


Return on Equity

High ROE: FORTH's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Hellenic Company for Telecommunications and Telematic Applications's financial position?


Financial Position Analysis

Short Term Liabilities: FORTH has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: FORTH has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: FORTH has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: FORTH's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


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.

Stable Cash Runway: Whilst unprofitable FORTH has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: FORTH is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 0.1% per year.


Next Steps

Dividend

What is Hellenic Company for Telecommunications and Telematic Applications's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate FORTH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FORTH's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FORTH's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FORTH's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FORTH's dividend in 3 years as they are not forecast to pay a notable one for the Greek market.


Next Steps

Management

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

3.6yrs

Average management tenure


CEO

Panos Papadopoulos (50 yo)

9.5yrs

Tenure

Mr. Panagiotis Papadopoulos, also known as Panos, is the Chief Executive Officer at Marathon Syndicate, LLC. He serves as the Vice President of the Board, Chief Executive Officer and Managing Director at F ...


Leadership Team

NamePositionTenureCompensationOwnership
Panagiotis Papadopoulos
Co-Founder9.5yrsno datano data
Dimitris Tzelepis
Finance Executive Director2.17yrsno datano data
Grigoris Sandalidis
Accountingno datano datano data
Vassiliki Christidi
Group Legal Directorno datano datano data
Maria Kofini
Group Human Resources Director3.75yrsno datano data
Sylligardakis Manolis
Executive Director of Customer Care11.58yrsno datano data
Papazafiropoulos Dimitris
Executive Director of Fixed Network Technologyno datano datano data
Kaskanioti Katerina
Pay TV Executive Director2.92yrsno datano data
Dimitrios Vagias
Corporate Commercial Executive Director3.42yrsno datano data

3.6yrs

Average Tenure

50yo

Average Age

Experienced Management: FORTH's management team is considered experienced (3.6 years average tenure).


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.


Ownership Breakdown

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


Top Shareholders

Company Information

Hellenic Company for Telecommunications and Telematic Applications S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hellenic Company for Telecommunications and Telematic Applications S.A.
  • Ticker: FORTH
  • Exchange: ATSE
  • Founded: 1995
  • Industry: Alternative Carriers
  • Sector: Telecom
  • Market Cap: €40.388m
  • Shares outstanding: 172.60m
  • Website: https://www.forthnet.gr

Number of Employees


Location

  • Hellenic Company for Telecommunications and Telematic Applications S.A.
  • Manis Street
  • Kantza
  • Pallini
  • 153 51
  • Greece

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FORTHATSE (The Athens Stock Exchange)YesOrdinary SharesGREUROct 2000
0QA3LSE (London Stock Exchange)YesOrdinary SharesGBEUROct 2000

Biography

Hellenic Company for Telecommunications and Telematic Applications S.A., together with its subsidiaries, provides telecommunications and pay-TV services to small and medium-sized enterprises, and private c ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/05 20:54
End of Day Share Price2020/08/04 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.