What Kind Of Shareholders Own Thessaloniki Water Supply & Sewerage Co S.A. (ATH:EYAPS)?

By
Simply Wall St
Published
May 27, 2021
ATSE:EYAPS

If you want to know who really controls Thessaloniki Water Supply & Sewerage Co S.A. (ATH:EYAPS), then you'll have to look at the makeup of its share registry. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. Companies that have been privatized tend to have low insider ownership.

Thessaloniki Water Supply & Sewerage Co is a smaller company with a market capitalization of €181m, so it may still be flying under the radar of many institutional investors. In the chart below, we can see that institutions are noticeable on the share registry. We can zoom in on the different ownership groups, to learn more about Thessaloniki Water Supply & Sewerage Co.

See our latest analysis for Thessaloniki Water Supply & Sewerage Co

ownership-breakdown
ATSE:EYAPS Ownership Breakdown May 28th 2021

What Does The Institutional Ownership Tell Us About Thessaloniki Water Supply & Sewerage Co?

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

As you can see, institutional investors have a fair amount of stake in Thessaloniki Water Supply & Sewerage Co. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Thessaloniki Water Supply & Sewerage Co's historic earnings and revenue below, but keep in mind there's always more to the story.

earnings-and-revenue-growth
ATSE:EYAPS Earnings and Revenue Growth May 28th 2021

Thessaloniki Water Supply & Sewerage Co is not owned by hedge funds. Hellenic Corporation of Assets & Participations S.A. is currently the company's largest shareholder with 50% of shares outstanding. With such a huge stake in the ownership, we infer that they have significant control of the future of the company. In comparison, the second and third largest shareholders hold about 24% and 5.5% of the stock.

While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. As far I can tell there isn't analyst coverage of the company, so it is probably flying under the radar.

Insider Ownership Of Thessaloniki Water Supply & Sewerage Co

The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.

Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

Our data cannot confirm that board members are holding shares personally. Not all jurisdictions have the same rules around disclosing insider ownership, and it is possible we have missed something, here. So you can click here learn more about the CEO.

General Public Ownership

The general public, with a 15% stake in the company, will not easily be ignored. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.

Private Company Ownership

We can see that Private Companies own 50%, of the shares on issue. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research.

Public Company Ownership

It appears to us that public companies own 5.5% of Thessaloniki Water Supply & Sewerage Co. It's hard to say for sure but this suggests they have entwined business interests. This might be a strategic stake, so it's worth watching this space for changes in ownership.

Next Steps:

While it is well worth considering the different groups that own a company, there are other factors that are even more important. Take risks for example - Thessaloniki Water Supply & Sewerage Co has 2 warning signs (and 1 which is significant) we think you should know about.

Of course this may not be the best stock to buy. So take a peek at this free free list of interesting companies.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

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