ATSE:EYDAP

Stock Analysis Report

Athens Water Supply and Sewerage

Executive Summary

Athens Water Supply and Sewerage Company S.A.


Snowflake Analysis

Flawless balance sheet with solid track record.

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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.4%

EYDAP

7.0%

GR Water Utilities

1.6%

GR Market


1 Year Return

15.9%

EYDAP

20.1%

GR Water Utilities

-21.1%

GR Market

Return vs Industry: EYDAP underperformed the Greek Water Utilities industry which returned 23.2% over the past year.

Return vs Market: EYDAP exceeded the Greek Market which returned -20.5% over the past year.


Shareholder returns

EYDAPIndustryMarket
7 Day-1.4%7.0%1.6%
30 Day2.5%-5.4%-19.3%
90 Day-13.1%-4.4%-35.5%
1 Year20.3%15.9%25.9%20.1%-17.7%-21.1%
3 Year38.7%26.6%15.6%0.7%-0.3%-10.5%
5 Year65.3%28.1%34.1%7.4%-66.4%-68.1%

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?

48.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EYDAP (€6.56) is trading below our estimate of fair value (€12.68)

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


Price To Earnings Ratio

PE vs Industry: EYDAP is good value based on its PE Ratio (12.7x) compared to the Water Utilities industry average (16.2x).

PE vs Market: EYDAP is poor value based on its PE Ratio (12.7x) compared to the Greek market (11.9x).


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 (0.7x) compared to the XE Water Utilities industry average (1.6x).


Next Steps

Future Growth

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

10.1%

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

1.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EYDAP has high quality earnings.

Growing Profit Margin: EYDAP's current net profit margins (17.2%) are higher than last year (15%).


Past Earnings Growth Analysis

Earnings Trend: EYDAP's earnings have grown by 1.7% per year over the past 5 years.

Accelerating Growth: EYDAP's earnings growth over the past year (11.3%) exceeds its 5-year average (1.7% per year).

Earnings vs Industry: EYDAP earnings growth over the past year (11.3%) exceeded the Water Utilities industry 4.9%.


Return on Equity

High ROE: EYDAP's Return on Equity (5.8%) is considered low.


Next Steps

Financial Health

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


Financial Position Analysis

Short Term Liabilities: EYDAP's short term assets (€652.4M) exceed its short term liabilities (€98.4M).

Long Term Liabilities: EYDAP's short term assets (€652.4M) exceed its long term liabilities (€521.1M).


Debt to Equity History and Analysis

Debt Level: EYDAP is debt free.

Reducing Debt: EYDAP had no debt 5 years ago.

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

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

Debt Coverage by Assets: EYDAP's debt is covered by short term assets (assets are 1.4690449250507E+18x debt).


Next Steps

Dividend

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

4.12%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EYDAP's dividend (4.12%) is higher than the bottom 25% of dividend payers in the Greek market (3%).

High Dividend: EYDAP's dividend (4.12%) is low compared to the top 25% of dividend payers in the Greek market (5.27%).


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: With its reasonable payout ratio (52.2%), EYDAP'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?

0.8yrs

Average management tenure


CEO

Harry Sachinis (61yo)

0.67

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

NamePositionTenureCompensationOwnership
Charalambos Sachinis
CEO & Executive Director0.67yrno datano data
Leventi Maria
CFO & Director of the Economic Departmentno datano datano data
Dimitra Zarkadoula
Chief Accountant Supervisor & Head of Accounting Departmentno datano datano data
O. Panagiotopoulou
Director of Administrationno datano datano data
Ioannis Moutzouridis
Director of Legal Services & Legal Advisor to the Board of Directors4.58yrsno datano data
Antigoni Sinodinou
Head of Internal Department of Safety & Preventionno datano datano data
Angigoni Sinodinou
Executive Director of Coordination & Supportive Operations0.83yrno datano data
Anastasios Tossios
Deputy CEO & Executive Director0.67yrno datano data
Christina Kontaratou
Secretaryno datano datano data
Stefanos Georgiadis
Consultant to the CEO & Engineering Consultant9.83yrsno datano data

0.8yrs

Average Tenure

47yo

Average Age

Experienced Management: EYDAP's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Charalambos Sachinis
CEO & Executive Director0.67yrno datano data
Anastasios Tossios
Deputy CEO & Executive Director0.67yrno datano data
Christos Mistriotis
Non-Executive Directorno datano datano data
Panagiotis Skoularikis
Non-Executive Director9.67yrsno datano data
Emmanouel Aggelakis
Non-Executive Director10.83yrsno datano data
Michail Stavroulakis
Independent Non-Executive Director4.67yrsno datano data
Alexandros Pouliasis
Independent Non-Executive Director4yrsno datano data
Georgios Alexandrakis
Non-Executive Director2.42yrsno datano data
Theodora Varvarigou
Chairman of the Board0.67yrno datano data
Ekaterini Beritsi
Independent Non-Executive Member0.67yrno datano data

2.4yrs

Average Tenure

47yo

Average Age

Experienced Board: EYDAP's board of directors are not considered experienced ( 2.4 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:
  • Industry: Water Utilities
  • Sector: Utilities
  • Market Cap: €698.640m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EYDAPATSE (The Athens Stock Exchange)YesOrdinary SharesGREURJan 2000
0EEZLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 2000
AHWS.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 2000
EYPDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 2000

Biography

Athens Water Supply and Sewerage Company S.A. engages in water supply, and sewerage and waste management activities in Greece. The company is involved in the analysis, construction, establishment, operation, exploitation, maintenance, expansion, and modernization/renewal of water supply and sewerage installation and networks. It operates a water distribution network of 8,500 kilometers; 4 units of water refining with a total daily capacity of 1.8 million cubic water meters; a sewerage network of 6,000 kilometers, which primarily includes main collectors system and the secondary sewerage network; and 3 waste management centers in Psitalia, Metamorphosi, and Thriasio. The company also engages in irrigation and rain water collection activities. In addition, it produces electric energy through hydro, biogas, natural gas, and thermal energy sources. Athens Water Supply and Sewerage S.A. is headquartered in Athens, Greece. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/31 21:23
End of Day Share Price2020/03/31 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.