ATSE:ADMIE

Stock Analysis Report

Executive Summary

Admie Holding S.A. operates an electricity transmission system in Greece.

Rewards

PE ratio (12x) is below the Greek market (17x)

Earnings are forecast to grow 3.39% per year

Earnings grew by 13.9% over the past year

Risk Analysis

No risks detected for ADMIE from our risk checks.


Snowflake Analysis

Flawless balance sheet with proven track record.

Share Price & News

How has Admie Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ADMIE has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.4%

ADMIE

2.7%

GR Electric Utilities

1.5%

GR Market


1 Year Return

64.0%

ADMIE

25.4%

GR Electric Utilities

41.8%

GR Market

Return vs Industry: ADMIE exceeded the Greek Electric Utilities industry which returned 19% over the past year.

Return vs Market: ADMIE exceeded the Greek Market which returned 41.1% over the past year.


Shareholder returns

ADMIEIndustryMarket
7 Day0.4%2.7%1.5%
30 Day3.8%6.8%2.4%
90 Day15.9%12.0%7.0%
1 Year70.7%64.0%30.3%25.4%48.1%41.8%
3 Yearn/a76.7%53.9%61.0%45.4%
5 Yearn/a61.8%25.2%-79.1%-79.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Admie Holding undervalued compared to its fair value and its price relative to the market?

12.55x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ADMIE (€2.38) is trading above our estimate of fair value (€0.75)

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


Price To Earnings Ratio

PE vs Industry: ADMIE is good value based on its PE Ratio (12x) compared to the Electric Utilities industry average (13.5x).

PE vs Market: ADMIE is good value based on its PE Ratio (12x) compared to the Greek market (17x).


Price to Earnings Growth Ratio

PEG Ratio: ADMIE is poor value based on its PEG Ratio (3.6x)


Price to Book Ratio

PB vs Industry: ADMIE is overvalued based on its PB Ratio (0.9x) compared to the XE Electric Utilities industry average (0.9x).


Next Steps

Future Growth

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

3.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ADMIE's forecast earnings growth (3.4% per year) is above the savings rate (1.9%).

Earnings vs Market: ADMIE's earnings (3.4% per year) are forecast to grow slower than the Greek market (18.9% per year).

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

Revenue vs Market: Insufficient data to determine if ADMIE's revenue is forecast to grow faster than the Greek market.

High Growth Revenue: Insufficient data to determine if ADMIE's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Admie Holding performed over the past 5 years?

-3.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ADMIE has high quality earnings.

Growing Profit Margin: ADMIE's current net profit margins are higher than last year (99.4%).


Past Earnings Growth Analysis

Earnings Trend: ADMIE's earnings have declined by -3.1% per year over the past 5 years.

Accelerating Growth: ADMIE's earnings growth over the past year (13.9%) exceeds its 5-year average (-3.1% per year).

Earnings vs Industry: ADMIE earnings growth over the past year (13.9%) exceeded the Electric Utilities industry 4.7%.


Return on Equity

High ROE: ADMIE's Return on Equity (7.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Admie Holding's financial position?


Financial Position Analysis

Short Term Liabilities: ADMIE's short term assets (€23.5M) exceed its short term liabilities (€866.0K).

Long Term Liabilities: ADMIE has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: ADMIE is debt free.

Reducing Debt: ADMIE has no debt compared to 5 years ago when its debt to equity ratio was 44.8%.

Debt Coverage: ADMIE has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ADMIE has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: ADMIE has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if ADMIE's debt is covered by short term assets.


Next Steps

Dividend

What is Admie Holding's current dividend yield, its reliability and sustainability?

3.33%

Forecast Dividend Yield


Dividend Yield vs Market

companyn/amarketbottom25%1.7%markettop25%3.5%industryaverage3.6%forecastin3Years3.3%

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate ADMIE'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 ADMIE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ADMIE'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 ADMIE'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 Admie Holding's salary, the management and board of directors tenure and is there insider trading?

1.1yrs

Average board tenure


CEO

Admie Holding has no CEO, or we have no data on them.


Board Age and Tenure

1.1yrs

Average Tenure

Experienced Board: ADMIE's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


Insider Trading

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.


Management Team

  • Ioannis Kambouris

    Executive Vice Chairman

    • Tenure: 1.1yrs
    • Compensation: €800.00
  • Frantzis Sigalas

    Legal Counsel


    Board Members

    • Ioannis Kambouris

      Executive Vice Chairman

      • Tenure: 1.1yrs
      • Compensation: €800.00
    • Alexandros Nikolouzos

      Non-Executive Director

      • Tenure: 1.1yrs
      • Compensation: €1.60k
    • Konstantinos Karakatsanis

      Independent Non-Executive Director

      • Compensation: €4.40k
    • Evaggelos Darousos

      Independent Non-Executive Director

      • Compensation: €4.40k
    • Iason Rousopoulos

      Chairman

      • Tenure: 1yrs

    Company Information

    Admie Holding S.A.'s company bio, employee growth, exchange listings and data sources


    Key Information

    • Name: Admie Holding S.A.
    • Ticker: ADMIE
    • Exchange: ATSE
    • Founded:
    • Industry: Electric Utilities
    • Sector: Utilities
    • Market Cap: €575.360m
    • Shares outstanding: 232.00m
    • Website: https://admieholding.gr

    Number of Employees


    Location

    • Admie Holding S.A.
    • 89 Dyrachiou Street
    • Kifisou
    • Athens
    • 104 43
    • Greece

    Listings

    TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
    ADMIEATSE (The Athens Stock Exchange)YesCommon SharesGREURJun 2017
    0RQMLSE (London Stock Exchange)YesCommon SharesGBEURJun 2017
    08MDB (Deutsche Boerse AG)YesCommon SharesDEEURJun 2017

    Biography

    Admie Holding S.A. operates an electricity transmission system in Greece. The company is based in Athens, Greece. Admie Holding S.A. is a subsidiary of The Public Holding Company SA. 


    Company Analysis and Financial Data Status

    All financial data provided by Standard & Poor's Capital IQ.
    DataLast Updated (UTC time)
    Company Analysis2020/01/25 22:53
    End of Day Share Price2020/01/24 00:00
    Earnings2019/09/30
    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.