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Marfin Investment Group Holdings

DB:M3K
Snowflake Description

Overvalued with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
M3K
DB
€98M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Marfin Investment Group Holdings S.A. is a private equity and venture capital firm specializing in seed/startups, middle market, mature, turnarounds, mezzanine financing, PIPEs, industry consolidation, and buyouts. The last earnings update was 12 days ago. More info.


Add to Portfolio Compare Print
  • Marfin Investment Group Holdings is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Marfin Investment Group Holdings has significant price volatility in the past 3 months.
M3K Share Price and Events
7 Day Returns
1%
DB:M3K
5%
DE Diversified Financial
2.5%
DE Market
1 Year Returns
40%
DB:M3K
1.4%
DE Diversified Financial
2.6%
DE Market
M3K Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Marfin Investment Group Holdings (M3K) 1% -22.2% -5.2% 40% -14.6% -53.3%
DE Diversified Financial 5% 7% -5% 1.4% 75.8% 333.8%
DE Market 2.5% 0.2% 1% 2.6% 7.8% 23.7%
1 Year Return vs Industry and Market
  • M3K outperformed the Diversified Financial industry which returned 1.4% over the past year.
  • M3K outperformed the Market in Germany which returned 2.6% over the past year.
Price Volatility
M3K
Industry
5yr Volatility vs Market
Related Companies

M3K Value

 Is Marfin Investment Group Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Marfin Investment Group Holdings. This is due to cash flow or dividend data being unavailable. The share price is €0.105.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Marfin Investment Group Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Marfin Investment Group Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:M3K PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €-0.06
ATSE:MIG Share Price ** ATSE (2019-10-11) in EUR €0.1
Germany Diversified Financial Industry PE Ratio Median Figure of 6 Publicly-Listed Diversified Financial Companies 27.82x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Marfin Investment Group Holdings.

DB:M3K PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ATSE:MIG Share Price ÷ EPS (both in EUR)

= 0.1 ÷ -0.06

-1.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Marfin Investment Group Holdings is loss making, we can't compare its value to the DE Diversified Financial industry average.
  • Marfin Investment Group Holdings is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Marfin Investment Group Holdings's expected growth come at a high price?
Raw Data
DB:M3K PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Diversified Financial Industry PEG Ratio Median Figure of 13 Publicly-Listed Diversified Financial Companies 1.81x
Germany Market PEG Ratio Median Figure of 264 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Marfin Investment Group Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Marfin Investment Group Holdings's assets?
Raw Data
DB:M3K PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €0.22
ATSE:MIG Share Price * ATSE (2019-10-11) in EUR €0.1
Germany Diversified Financial Industry PB Ratio Median Figure of 9 Publicly-Listed Diversified Financial Companies 3.77x
Germany Market PB Ratio Median Figure of 597 Publicly-Listed Companies 1.74x
DB:M3K PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ATSE:MIG Share Price ÷ Book Value per Share (both in EUR)

= 0.1 ÷ 0.22

0.48x

* Primary Listing of Marfin Investment Group Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Marfin Investment Group Holdings is good value based on assets compared to the DE Diversified Financial industry average.
X
Value checks
We assess Marfin Investment Group Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Diversified Financial industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Diversified Financial industry average (and greater than 0)? (1 check)
  5. Marfin Investment Group Holdings has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

M3K Future Performance

 How is Marfin Investment Group Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Marfin Investment Group Holdings 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17.3%
Expected Diversified Financial industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Marfin Investment Group Holdings expected to grow at an attractive rate?
  • Unable to compare Marfin Investment Group Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Marfin Investment Group Holdings's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Marfin Investment Group Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:M3K Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 17.3%
Europe Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 0.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:M3K Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:M3K Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 1,038 42 -61
2019-03-31 1,017 41 -58
2018-12-31 996 40 -55
2018-09-30 948 40 -48
2018-06-30 906 37 -42
2018-03-31 893 29 -58
2017-12-31 880 21 -73
2017-09-30 968 17 -84
2017-06-30 967 19 -97
2017-03-31 1,025 25 -87
2016-12-31 1,082 32 -78
2016-09-30 1,059 19 -149

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Marfin Investment Group Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if Marfin Investment Group Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:M3K Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Marfin Investment Group Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:M3K Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 -0.06
2019-03-31 -0.06
2018-12-31 -0.06
2018-09-30 -0.05
2018-06-30 -0.04
2018-03-31 -0.06
2017-12-31 -0.08
2017-09-30 -0.09
2017-06-30 -0.10
2017-03-31 -0.09
2016-12-31 -0.08
2016-09-30 -0.16

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Marfin Investment Group Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Marfin Investment Group Holdings's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  2. Marfin Investment Group Holdings's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Marfin Investment Group Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Marfin Investment Group Holdings has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

M3K Past Performance

  How has Marfin Investment Group Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Marfin Investment Group Holdings's growth in the last year to its industry (Diversified Financial).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Marfin Investment Group Holdings does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Marfin Investment Group Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Marfin Investment Group Holdings's 1-year growth to the Europe Diversified Financial industry average as it is not currently profitable.
Earnings and Revenue History
Marfin Investment Group Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Marfin Investment Group Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:M3K Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 1,037.99 -60.62 260.28
2019-03-31 1,017.08 -57.70 259.37
2018-12-31 996.16 -54.79 258.46
2018-09-30 947.95 -47.92 249.17
2018-06-30 905.96 -42.12 242.75
2018-03-31 892.77 -57.81 241.86
2017-12-31 879.58 -73.49 240.97
2017-09-30 968.20 -83.88 250.52
2017-06-30 967.01 -96.77 255.60
2017-03-31 1,024.52 -87.41 260.82
2016-12-31 1,082.04 -78.05 266.04
2016-09-30 1,058.72 -148.62 270.98
2016-06-30 1,130.32 -115.52 279.15
2016-03-31 1,135.43 -102.24 281.42
2015-12-31 1,142.85 -118.90 283.36
2015-09-30 1,132.92 -123.87 282.40
2015-06-30 1,128.41 -128.71 284.01
2015-03-31 1,222.73 -156.58 291.14
2014-12-31 1,116.74 -155.42 284.34
2014-09-30 1,114.85 -177.96 285.21
2014-06-30 1,122.49 -185.89 283.91
2014-03-31 1,163.32 -194.11 288.64
2013-12-31 1,169.26 -227.14 290.88
2013-09-30 1,217.93 -427.98 304.63
2013-06-30 1,232.35 -448.62 320.67
2013-03-31 1,247.02 -1,280.64 334.47
2012-12-31 1,264.38 -1,260.42 344.46

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Marfin Investment Group Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Marfin Investment Group Holdings used its assets less efficiently than the DE Diversified Financial industry average last year based on Return on Assets.
  • It is difficult to establish if Marfin Investment Group Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Marfin Investment Group Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Diversified Financial industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Marfin Investment Group Holdings has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

M3K Health

 How is Marfin Investment Group Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Marfin Investment Group Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Marfin Investment Group Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Marfin Investment Group Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Marfin Investment Group Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Marfin Investment Group Holdings Company Filings, last reported 3 months ago.

DB:M3K Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 306.61 1,449.30 97.50
2019-03-31 306.61 1,449.30 97.50
2018-12-31 347.81 1,453.20 117.53
2018-09-30 347.81 1,453.20 117.53
2018-06-30 318.98 1,654.18 104.76
2018-03-31 318.98 1,654.18 104.76
2017-12-31 350.17 1,620.21 123.67
2017-09-30 350.17 1,620.53 123.67
2017-06-30 359.97 1,645.43 120.74
2017-03-31 359.97 1,645.43 120.74
2016-12-31 429.01 1,669.45 140.88
2016-09-30 429.01 1,669.45 140.88
2016-06-30 467.62 1,660.41 125.57
2016-03-31 467.62 1,660.41 125.57
2015-12-31 508.40 1,687.48 177.73
2015-09-30 589.43 1,690.11 151.30
2015-06-30 578.16 1,724.64 113.32
2015-03-31 589.49 1,728.38 91.79
2014-12-31 628.03 1,737.52 93.03
2014-09-30 752.59 1,757.21 109.24
2014-06-30 638.25 1,821.91 85.03
2014-03-31 666.02 1,814.34 78.29
2013-12-31 722.78 1,843.54 106.58
2013-09-30 920.63 1,848.00 103.25
2013-06-30 912.11 1,844.63 84.54
2013-03-31 952.67 1,900.03 79.69
2012-12-31 1,067.08 1,907.99 112.04
  • Marfin Investment Group Holdings's level of debt (472.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (284.8% vs 472.7% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Marfin Investment Group Holdings has sufficient cash runway for more than 3 years based on current free cash flow.
  • Unable to confirm if Marfin Investment Group Holdings has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Marfin Investment Group Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Marfin Investment Group Holdings has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

M3K Dividends

 What is Marfin Investment Group Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Marfin Investment Group Holdings dividends.
If you bought €2,000 of Marfin Investment Group Holdings shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Marfin Investment Group Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Marfin Investment Group Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:M3K Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:M3K Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2012-03-30 0.000 0.000
2011-11-15 0.000 0.000
2011-08-30 0.000 0.000
2011-05-30 0.000 0.000
2011-03-30 0.000 0.000
2010-03-30 0.100 11.131
2010-03-01 0.100 5.575
2009-01-15 0.200 7.717
2008-12-31 0.200 6.890

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Marfin Investment Group Holdings has not reported any payouts.
  • Unable to verify if Marfin Investment Group Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Marfin Investment Group Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Marfin Investment Group Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Marfin Investment Group Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Marfin Investment Group Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Marfin Investment Group Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

M3K Management

 What is the CEO of Marfin Investment Group Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Athanasios Papanikolaou
CEO Bio

Mr. Thanasis Papanikolaou serves as the Chief Executive Officer and Executive Member at Marfin Investment Group Holdings S.A since April 2018. Previously he served as the Chief Executive Officer and Executive Director at the firm since July 11, 2016 till April 2018. As of 2011, Mr. Papanikolaou serves as Chief Executive Officer of Vivartia Group's FSE business (Goody's-Everest-Olympic Catering). He has specialized in retail trade as well as in the management of large corporates, having served as General Manager in Continent Hellas (Carrefour) for eight years and as Chief Executive Officer in the Venetis Bakery for three and a half years. He served as General Manager from 2001 to 2007 as well as Chief Executive Officer from 2007 to 2011 in the EVEREST Group. Mr. Papanikolaou is the Chairman of the Greek Federation of Branded Catering Businesses as well as a Member of the Greek Tourism Confederation (SETE). He speaks English and French. Mr. Papanikolaou holds a Masters degree in International Management from INSEAD. He graduated from Varvakios School, studied Economics in the Athens University of Economics and Business (AUEB), with a specialization in Marketing.

CEO Compensation
  • Insufficient data for Athanasios to compare compensation growth.
  • Insufficient data for Athanasios to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Athanasios Papanikolaou

TITLE
CEO & Executive Member

Panagiotis Throuvalas

TITLE
Vice Chairman and Deputy Chief Executive Officer

Christophe Vivien

TITLE
CFO & Executive Director

Stavroula Markouli

TITLE
Chief Accountant

Spyros Papagiannis

TITLE
Head of Investor Relations

Fotios Karatzenis

TITLE
Head of the Legal Dept
AGE
55
TENURE
17.8 yrs
Board of Directors Tenure

Average tenure of the Marfin Investment Group Holdings board of directors in years:

3.3
Average Tenure
  • The tenure for the Marfin Investment Group Holdings board of directors is about average.
Board of Directors

Panagiotis Throuvalas

TITLE
Vice Chairman and Deputy Chief Executive Officer

Christophe Vivien

TITLE
CFO & Executive Director
TENURE
2.9 yrs

Fotios Karatzenis

TITLE
Head of the Legal Dept
AGE
55

George Lassados

TITLE
Independent Non-Executive Director
TENURE
8.4 yrs

Athanasios Papanikolaou

TITLE
CEO & Executive Member
TENURE
3.3 yrs

George Efstratiadis

TITLE
Non-Executive Director
TENURE
3.3 yrs

M. Tonnby

TITLE
Member of Advisory Board

Anne Gudefin

TITLE
Member of Advisory Board

William Claxton-Smith

TITLE
Member of Advisory Board

Ian Wace

TITLE
Member of Advisory Board
AGE
57
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Marfin Investment Group Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Marfin Investment Group Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

M3K News

Simply Wall St News

M3K Company Info

Description

Marfin Investment Group Holdings S.A. is a private equity and venture capital firm specializing in seed/startups, middle market, mature, turnarounds, mezzanine financing, PIPEs, industry consolidation, and buyouts. It also focuses on privatizations and infrastructure projects. The firm seeks to make investments in dairy products, juices, frozen foods, drink mixes, marine, healthcare providers and services, airlines, software and services, food and beverages, Information Technology and telecommunication, transportation and shipping, tourism and leisure, real estate management and development, and real estate investment trusts (REITs). The firm prefers to invest in SEE countries with a primary focus on Albania, Bulgaria, Romania, Serbia, Greece, and Turkey. It makes balance sheet investments and also invests through its personal capital. Marfin Investment Group Holdings S.A. was founded in 1998 and is based in Kifissia, Greece with additional offices in London, United Kingdom and Athens, Greece.

Details
Name: Marfin Investment Group Holdings S.A.
M3K
Exchange: DB
Founded: 1998
€97,521,215
939,510,748
Website: http://www.marfininvestmentgroup.com
Address: Marfin Investment Group Holdings S.A.
3, Achaias str. & Trizinias,
Kifissia,
145 64,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ATSE MIG Ordinary Registered Shares The Athens Stock Exchange GR EUR 13. Sep 1994
DB M3K Ordinary Registered Shares Deutsche Boerse AG DE EUR 13. Sep 1994
Number of employees
Current staff
Staff numbers
8,349
Marfin Investment Group Holdings employees.
Industry
Multi-Sector Holdings
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/12 20:59
End of day share price update: 2019/10/11 00:00
Last earnings filing: 2019/09/30
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.