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Thessaloniki Water Supply & Sewerage Co

Market Cap

€180.0m

Last Updated

2021/05/10 16:26 UTC

Data Sources

Company Financials

Executive Summary

Thessaloniki Water Supply & Sewerage Co S.A., doing business as EYATH S.A., provides water supply and sewerage services in Greece. More Details


Snowflake Analysis

Flawless balance sheet, undervalued and pays a dividend.

Share Price & News

How has Thessaloniki Water Supply & Sewerage Co's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: EYAPS is less volatile than 75% of Greek stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: EYAPS's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

4.1%

EYAPS

1.8%

GR Water Utilities

-0.2%

GR Market


1 Year Return

36.0%

EYAPS

1.2%

GR Water Utilities

-11.7%

GR Market

Return vs Industry: EYAPS exceeded the Greek Water Utilities industry which returned 4% over the past year.

Return vs Market: EYAPS exceeded the Greek Market which returned -12.2% over the past year.


Shareholder returns

EYAPSIndustryMarket
7 Day4.1%1.8%-0.2%
30 Day9.0%3.4%-5.5%
90 Day23.2%10.2%-13.1%
1 Year44.8%36.0%5.6%1.2%-10.1%-11.7%
3 Year21.2%5.8%52.8%33.0%-53.2%-54.7%
5 Year93.9%49.1%43.0%14.4%58.8%38.2%

Long-Term Price Volatility Vs. Market

How volatile is Thessaloniki Water Supply & Sewerage Co's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Thessaloniki Water Supply & Sewerage Co undervalued compared to its fair value and its price relative to the market?

41.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EYAPS (€5.1) is trading below our estimate of fair value (€8.73)

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


Price To Earnings Ratio

PE vs Industry: EYAPS is good value based on its PE Ratio (15.6x) compared to the XE Water Utilities industry average (38.3x).

PE vs Market: EYAPS is good value based on its PE Ratio (15.6x) compared to the Greek market (20.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: EYAPS is good value based on its PB Ratio (1x) compared to the XE Water Utilities industry average (1.6x).


Future Growth

How is Thessaloniki Water Supply & Sewerage Co forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

4.6%

Forecasted Utilities 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 Thessaloniki Water Supply & Sewerage Co 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.


Past Performance

How has Thessaloniki Water Supply & Sewerage Co performed over the past 5 years?

-2.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EYAPS has high quality earnings.

Growing Profit Margin: EYAPS's current net profit margins (16.5%) are lower than last year (20.2%).


Past Earnings Growth Analysis

Earnings Trend: EYAPS's earnings have declined by 2.5% per year over the past 5 years.

Accelerating Growth: EYAPS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: EYAPS had negative earnings growth (-19%) over the past year, making it difficult to compare to the Water Utilities industry average (-41.8%).


Return on Equity

High ROE: EYAPS's Return on Equity (6.4%) is considered low.


Financial Health

How is Thessaloniki Water Supply & Sewerage Co's financial position?


Financial Position Analysis

Short Term Liabilities: EYAPS's short term assets (€150.7M) exceed its short term liabilities (€13.5M).

Long Term Liabilities: EYAPS's short term assets (€150.7M) exceed its long term liabilities (€22.6M).


Debt to Equity History and Analysis

Debt Level: EYAPS is debt free.

Reducing Debt: EYAPS has not had any debt for past 5 years.

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

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


Balance Sheet


Dividend

What is Thessaloniki Water Supply & Sewerage Co current dividend yield, its reliability and sustainability?

4.37%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 11 2021Ex Dividend DateJun 28 2021Dividend Pay DateJul 05 20217 days from Ex DividendBuy in the next 48 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: EYAPS's dividend (4.37%) is higher than the bottom 25% of dividend payers in the Greek market (1.66%).

High Dividend: EYAPS's dividend (4.37%) is in the top 25% of dividend payers in the Greek market (3.94%)


Stability and Growth of Payments

Stable Dividend: EYAPS's dividend payments have been volatile in the past 10 years.

Growing Dividend: EYAPS's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (68.2%), EYAPS's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

1.3yrs

Average management tenure


CEO

Anthimos Amanatidis

1.33yrs

Tenure

Mr. Anthimos Amanatidis serves as CEO & Executive Member at Thessaloniki Water Supply & Sewerage Co S.A. since 2020. He is a mechanical engineer, graduate of the Aristotle University of Thessaloniki. He ho...


Leadership Team

Experienced Management: EYAPS's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: EYAPS's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


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

Thessaloniki Water Supply & Sewerage Co S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Thessaloniki Water Supply & Sewerage Co S.A.
  • Ticker: EYAPS
  • Exchange: ATSE
  • Founded: 1998
  • Industry: Water Utilities
  • Sector: Utilities
  • Market Cap: €180.048m
  • Shares outstanding: 36.30m
  • Website: https://www.eyath.gr

Number of Employees


Location

  • Thessaloniki Water Supply & Sewerage Co S.A.
  • 127 Egnatias Street
  • Thessaloniki
  • 54635
  • Greece

Listings


Biography

Thessaloniki Water Supply & Sewerage Co S.A., doing business as EYATH S.A., provides water supply and sewerage services in Greece. The company engages in the design, construction, installation, operation, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/10 16:26
End of Day Share Price2021/05/10 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.