ATSE:ANEK

Stock Analysis Report

Anonimi Naftiliaki Etaria Kritis

Executive Summary

Anonimi Naftiliaki Etareia Kritis S.A. operates in the passenger shipping sector.

Risk Analysis

Currently unprofitable and not forecast to become profitable over the next 3 years

Highly volatile share price over past 3 months

Does not have a meaningful market cap (€11M)



Snowflake Analysis

Imperfect balance sheet with weak fundamentals.


Similar Companies

Share Price & News

How has Anonimi Naftiliaki Etaria Kritis's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-5.2%

ANEK

-0.07%

GR Shipping

2.1%

GR Market


1 Year Return

-4.3%

ANEK

28.7%

GR Shipping

33.9%

GR Market

Return vs Industry: ANEK underperformed the Greek Shipping industry which returned 28.7% over the past year.

Return vs Market: ANEK underperformed the Greek Market which returned 33.9% over the past year.


Shareholder returns

ANEKIndustryMarket
7 Day-5.2%-0.07%2.1%
30 Day-1.8%6.3%2.1%
90 Day-8.3%13.3%5.2%
1 Year-4.3%-4.3%40.3%28.7%38.3%33.9%
3 Year-14.1%-14.1%31.3%14.4%50.1%36.9%
5 Year-38.9%-38.9%29.3%-2.0%-71.2%-72.1%

Price Volatility Vs. Market

How volatile is Anonimi Naftiliaki Etaria Kritis's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Anonimi Naftiliaki Etaria Kritis undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Anonimi Naftiliaki Etaria Kritis is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Anonimi Naftiliaki Etaria Kritis has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of ANEK’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Anonimi Naftiliaki Etaria Kritis regulatory filings.
  • Explore potentially undervalued companies in the Transportation industry.

Future Growth

How is Anonimi Naftiliaki Etaria Kritis forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.8%

Forecasted Transportation 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 Anonimi Naftiliaki Etaria Kritis 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 Anonimi Naftiliaki Etaria Kritis performed over the past 5 years?

33.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ANEK is currently unprofitable.

Growing Profit Margin: ANEK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ANEK is unprofitable, but has reduced losses over the past 5 years at a rate of 33.9% per year.

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

Earnings vs Industry: ANEK is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (-1.3%).


Return on Equity

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


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Anonimi Naftiliaki Etaria Kritis's financial position?


Financial Position Analysis

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

Long Term Liabilities: ANEK 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: ANEK has negative shareholder equity, which is a more serious situation than a high debt level.

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


Balance Sheet

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

Debt Coverage by Assets: ANEK has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


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 ANEK has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: ANEK is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -53.5% per year.


Next Steps

Dividend

What is Anonimi Naftiliaki Etaria Kritis's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.9%markettop25%3.7%industryaverage2.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: ANEK is not paying a notable dividend for the Greek market.


Future Payout to Shareholders

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


Next Steps

Management

What is the CEO of Anonimi Naftiliaki Etaria Kritis's salary, the management and board of directors tenure and is there insider trading?


CEO

Ioannis I. Vardinoyannis (62yo)

0yrs

Tenure

0

Mr. Ioannis I. S. Vardinoyannis serves as a Managing Director of Anonimi Naftiliaki Etareia Kritis S.A.(also known as Anek Lines SA) and also serves as its Director. He is a Graduate from University in Fin ...


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Management Team

  • Ioannis I. Vardinoyannis (62yo)

    MD & Executive Director

    • Tenure: 0yrs
  • Georgios Archontakis (70yo)

    Deputy MD & Executive Director

    • Tenure: 0yrs
  • Georgios Katsanevakis (77yo)

    Chairman & President

    • Tenure: 0yrs
  • Stylianos Stamos

    Chief Financial Officer

    • Tenure: 0yrs
  • Ioannis Spanoudakis (79yo)

    Chief Accountant

    • Tenure: 0yrs
  • Nikolaos Xynos (58yo)

    Head of Internal Audit

    • Tenure: 9.9yrs

Board Members

  • Ioannis I. Vardinoyannis (62yo)

    MD & Executive Director

    • Tenure: 0yrs
  • Michael Marakakis (70yo)

    Non-Executive Director

    • Tenure: 0yrs
  • Georgios Archontakis (70yo)

    Deputy MD & Executive Director

    • Tenure: 0yrs
  • Emmanouel Apostolakis (67yo)

    Director

    • Tenure: 0yrs
  • Georgios Katsanevakis (77yo)

    Chairman & President

    • Tenure: 0yrs
  • Michael Georvasakis (74yo)

    Non-Executive Director

    • Tenure: 0yrs
  • Spyridon Protopapadakis (63yo)

    Vice President of Board of Directors

    • Tenure: 0yrs
  • Konstantinos Achlioptas

    Non-Executive Director

    • Tenure: 0yrs
  • Ioannis Malandrakis (55yo)

    Non-Executive Director

    • Tenure: 0.9yrs
  • Georgios Fragiadakis (42yo)

    Non-Executive Director

    • Tenure: 0yrs

Company Information

Anonimi Naftiliaki Etaria Kritis S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Anonimi Naftiliaki Etaria Kritis S.A.
  • Ticker: ANEK
  • Exchange: ATSE
  • Founded: 1967
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: €10.524m
  • Shares outstanding: 188.65m
  • Website: https://www.anek.gr

Number of Employees


Location

  • Anonimi Naftiliaki Etaria Kritis S.A.
  • 148 Karamanli Avenue
  • Chania
  • 731 00
  • Greece

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ANEKATSE (The Athens Stock Exchange)YesCommon SharesGREURJan 1999
0P13LSE (London Stock Exchange)YesCommon SharesGBEURJan 1999
ANEPATSE (The Athens Stock Exchange)EUR0.30(PRF REGD)'1990'GREURJan 1999
0P12LSE (London Stock Exchange)EUR0.30(PRF REGD)'1990'GBEURJan 1999
ANEPOATSE (The Athens Stock Exchange)Preferred Voting SharesGREURJan 1999
0P1BLSE (London Stock Exchange)EUR0.30(PR)(1996 ISSUE)GBEURDec 2017

Biography

Anonimi Naftiliaki Etareia Kritis S.A. operates in the passenger shipping sector. It also transports cargo. The company provides scheduled services to 18 destinations on Crete and in the Aegean Sea, the Io ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/13 20:55
End of Day Share Price2019/12/13 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.