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Athens Water Supply and Sewerage

Market Cap

€892.5m

Last Updated

2021/05/12 16:21 UTC

Data Sources

Company Financials +

Executive Summary

Athens Water Supply and Sewerage Company S.A., together with its subsidiaries, engages in the water supply and refinement, and sewerage and waste management activities in Greece. More Details


Snowflake Analysis

Flawless balance sheet average dividend payer.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: EYDAP is not significantly more volatile than the rest of Greek stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: EYDAP's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-3.5%

EYDAP

-1.6%

GR Water Utilities

-2.2%

GR Market


1 Year Return

25.6%

EYDAP

4.5%

GR Water Utilities

-10.7%

GR Market

Return vs Industry: EYDAP exceeded the Greek Water Utilities industry which returned -0.9% over the past year.

Return vs Market: EYDAP exceeded the Greek Market which returned -10.9% over the past year.


Shareholder returns

EYDAPIndustryMarket
7 Day-3.5%-1.6%-2.2%
30 Day1.8%2.2%-5.5%
90 Day27.1%6.1%-11.2%
1 Year32.5%25.6%8.9%4.5%-9.1%-10.7%
3 Year66.1%46.5%45.7%26.8%-47.8%-49.7%
5 Year119.9%68.0%43.2%14.5%55.0%35.0%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

1.07x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: EYDAP (€8.35) is trading above our estimate of fair value (€7.6)

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


Price To Earnings Ratio

PE vs Industry: EYDAP is unprofitable, so we can't compare its PE Ratio to the European Water Utilities industry average.

PE vs Market: EYDAP 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 EYDAP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: EYDAP is good value based on its PB Ratio (1.1x) compared to the XE Water Utilities industry average (1.5x).


Future Growth

How is Athens Water Supply and Sewerage forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

1.3%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if EYDAP's forecast earnings growth is above the savings rate (3.9%).

Earnings vs Market: Insufficient data to determine if EYDAP's earnings are forecast to grow faster than the Greek market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: EYDAP's revenue (1.3% per year) is forecast to grow slower than the Greek market (12.3% per year).

High Growth Revenue: EYDAP's revenue (1.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EYDAP's Return on Equity is forecast to be low in 3 years time (5.1%).


Past Performance

How has Athens Water Supply and Sewerage performed over the past 5 years?

-8.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EYDAP is currently unprofitable.

Growing Profit Margin: EYDAP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: EYDAP is unprofitable, and losses have increased over the past 5 years at a rate of 8.1% per year.

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

Earnings vs Industry: EYDAP is unprofitable, making it difficult to compare its past year earnings growth to the Water Utilities industry (-41.8%).


Return on Equity

High ROE: EYDAP has a negative Return on Equity (-7.98%), as it is currently unprofitable.


Financial Health

How is Athens Water Supply and Sewerage's financial position?


Financial Position Analysis

Short Term Liabilities: EYDAP's short term assets (€682.3M) exceed its short term liabilities (€222.1M).

Long Term Liabilities: EYDAP's short term assets (€682.3M) exceed its long term liabilities (€564.1M).


Debt to Equity History and Analysis

Debt Level: EYDAP is debt free.

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

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

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


Balance Sheet


Dividend

What is Athens Water Supply and Sewerage current dividend yield, its reliability and sustainability?

4.55%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EYDAP's dividend (4.55%) is higher than the bottom 25% of dividend payers in the Greek market (1.63%).

High Dividend: EYDAP's dividend (4.55%) is in the top 25% of dividend payers in the Greek market (3.84%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: EYDAP is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: EYDAP's dividends in 3 years are forecast to be covered by earnings (68.8% payout ratio).


Next Steps

Management

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

2.0yrs

Average management tenure


CEO

Harry Sachinis (62 yo)

1.92yrs

Tenure

Mr. Charalambos Sachinis, also known as Harry, has been Chief Executive Officer & Executive Director at Athens Water Supply and Sewerage Company S.A. since June 26, 2019. Since 2017 he held the position of...


Leadership Team

Experienced Management: EYDAP's management team is not considered experienced ( 2 years average tenure), which suggests a new team.


Board Members

Experienced Board: EYDAP's board of directors are not considered experienced ( 1.9 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

Athens Water Supply and Sewerage Company S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Athens Water Supply and Sewerage Company S.A.
  • Ticker: EYDAP
  • Exchange: ATSE
  • Founded: 1980
  • Industry: Water Utilities
  • Sector: Utilities
  • Market Cap: €892.470m
  • Shares outstanding: 106.50m
  • Website: https://www.eydap.gr

Number of Employees


Location

  • Athens Water Supply and Sewerage Company S.A.
  • 156 Oropou Street
  • Galatsi
  • Athens
  • 11146
  • Greece

Listings


Biography

Athens Water Supply and Sewerage Company S.A., together with its subsidiaries, engages in the water supply and refinement, and sewerage and waste management activities in Greece. The company is involved in...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/12 16:21
End of Day Share Price2021/05/12 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.