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Thessaloniki Port Authority Societe Anonyme

BST:03P
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
03P
BST
€270M
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Thessaloniki Port Authority Societe Anonyme engages in the management and exploitation of the port of Thessaloniki located in Greece. The last earnings update was 46 days ago. More info.


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03P Share Price and Events
7 Day Returns
0%
BST:03P
0.9%
DE Infrastructure
-1%
DE Market
1 Year Returns
12%
BST:03P
12.8%
DE Infrastructure
9.1%
DE Market
03P Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Thessaloniki Port Authority Societe Anonyme (03P) 0% 7.7% -3.4% 12% 81.1% 55.6%
DE Infrastructure 0.9% -0.6% 2.9% 12.8% 35.6% 25.6%
DE Market -1% 4.4% 13% 9.1% 13.8% 20.2%
1 Year Return vs Industry and Market
  • 03P matched the Infrastructure industry (12.8%) over the past year.
  • 03P outperformed the Market in Germany which returned 9.1% over the past year.
Price Volatility
03P
Industry
5yr Volatility vs Market
Related Companies

03P Value

 Is Thessaloniki Port Authority Societe Anonyme 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
Here we compare the current share price of Thessaloniki Port Authority Societe Anonyme to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Thessaloniki Port Authority Societe Anonyme.

BST:03P Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 15.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:03P
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 15%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.903 (1 + (1- 29%) (16.75%))
1.007
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.01
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.007 * 14.99%)
15.32%

Discounted Cash Flow Calculation for BST:03P using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Thessaloniki Port Authority Societe Anonyme is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BST:03P DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 15.32%)
2020 8.16 Est @ -11.76% 7.08
2021 7.50 Est @ -8.16% 5.64
2022 7.07 Est @ -5.65% 4.61
2023 6.80 Est @ -3.88% 3.84
2024 6.62 Est @ -2.65% 3.24
2025 6.50 Est @ -1.79% 2.76
2026 6.42 Est @ -1.18% 2.37
2027 6.37 Est @ -0.76% 2.04
2028 6.34 Est @ -0.46% 1.76
2029 6.33 Est @ -0.26% 1.52
Present value of next 10 years cash flows €34.00
BST:03P DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €6.33 × (1 + 0.23%) ÷ (15.32% – 0.23%)
€42.01
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €42.01 ÷ (1 + 15.32%)10
€10.10
BST:03P Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €34.00 + €10.10
€44.10
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €44.10 / 10.08
€4.37
BST:03P Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:03P represents 1.04478x of ATSE:OLTH
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.04478x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 4.37 x 1.04478
€4.57
Value per share (EUR) From above. €4.57
Current discount Discount to share price of €28.00
= -1 x (€28.00 - €4.57) / €4.57
-512.6%

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

  • The current share price of Thessaloniki Port Authority Societe Anonyme is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Thessaloniki Port Authority Societe Anonyme's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Thessaloniki Port Authority Societe Anonyme's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:03P PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €1.51
ATSE:OLTH Share Price ** ATSE (2019-11-14) in EUR €26.8
Europe Infrastructure Industry PE Ratio Median Figure of 36 Publicly-Listed Infrastructure Companies 17.3x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 19.41x

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

** Primary Listing of Thessaloniki Port Authority Societe Anonyme.

BST:03P PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 26.8 ÷ 1.51

17.79x

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

  • Thessaloniki Port Authority Societe Anonyme is overvalued based on earnings compared to the Europe Infrastructure industry average.
  • Thessaloniki Port Authority Societe Anonyme is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Thessaloniki Port Authority Societe Anonyme's expected growth come at a high price?
Raw Data
BST:03P PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
11.2%per year
Europe Infrastructure Industry PEG Ratio Median Figure of 21 Publicly-Listed Infrastructure Companies 2.45x
Germany Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.36x

*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 Thessaloniki Port Authority Societe Anonyme, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Thessaloniki Port Authority Societe Anonyme's assets?
Raw Data
BST:03P PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €15.10
ATSE:OLTH Share Price * ATSE (2019-11-14) in EUR €26.8
Germany Infrastructure Industry PB Ratio Median Figure of 5 Publicly-Listed Infrastructure Companies 1.55x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.85x
BST:03P PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 26.8 ÷ 15.10

1.78x

* Primary Listing of Thessaloniki Port Authority Societe Anonyme.

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

  • Thessaloniki Port Authority Societe Anonyme is overvalued based on assets compared to the DE Infrastructure industry average.
X
Value checks
We assess Thessaloniki Port Authority Societe Anonyme'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 Infrastructure 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 Infrastructure industry average (and greater than 0)? (1 check)
  5. Thessaloniki Port Authority Societe Anonyme 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.

03P Future Performance

 How is Thessaloniki Port Authority Societe Anonyme expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Thessaloniki Port Authority Societe Anonyme, future earnings growth has been estimated based on fundamentals.
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
11.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Thessaloniki Port Authority Societe Anonyme expected to grow at an attractive rate?
  • Thessaloniki Port Authority Societe Anonyme's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Thessaloniki Port Authority Societe Anonyme's earnings growth is positive but not above the Germany market average.
  • Unable to compare Thessaloniki Port Authority Societe Anonyme's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BST:03P Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:03P Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 11.2%
Germany Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 2.9%
Europe Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 2.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.6%
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
BST:03P Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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.
BST:03P Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
BST:03P Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 62 17 15
2019-03-31 60 19 16
2018-12-31 59 22 17
2018-09-30 57 22 12
2018-06-30 55 22 7
2018-03-31 55 21 7
2017-12-31 54 21 7
2017-09-30 55 20 13
2017-06-30 55 20 18
2017-03-31 51 18 16
2016-12-31 48 17 14
2016-09-30 47 20 14

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Thessaloniki Port Authority Societe Anonyme's earnings are expected to grow by 11.2% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Thessaloniki Port Authority Societe Anonyme 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
BST:03P Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Thessaloniki Port Authority Societe Anonyme Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:03P Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
BST:03P Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 1.51
2019-03-31 1.60
2018-12-31 1.70
2018-09-30 1.21
2018-06-30 0.74
2018-03-31 0.73
2017-12-31 0.72
2017-09-30 1.27
2017-06-30 1.82
2017-03-31 1.61
2016-12-31 1.40
2016-09-30 1.41

*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 Thessaloniki Port Authority Societe Anonyme will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Thessaloniki Port Authority Societe Anonyme'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.
Thessaloniki Port Authority Societe Anonyme has a total score of 1/6, 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.

03P Past Performance

  How has Thessaloniki Port Authority Societe Anonyme 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 Thessaloniki Port Authority Societe Anonyme's growth in the last year to its industry (Infrastructure).
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.
  • Thessaloniki Port Authority Societe Anonyme's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Thessaloniki Port Authority Societe Anonyme's 1-year earnings growth exceeds its 5-year average (103.7% vs -11.9%)
  • Thessaloniki Port Authority Societe Anonyme's earnings growth has exceeded the Europe Infrastructure industry average in the past year (103.7% vs 13.4%).
Earnings and Revenue History
Thessaloniki Port Authority Societe Anonyme'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 Thessaloniki Port Authority Societe Anonyme Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:03P 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 62.34 15.18 9.74
2019-03-31 60.44 16.17 8.50
2018-12-31 58.53 17.15 7.26
2018-09-30 56.98 12.18 6.31
2018-06-30 55.43 7.45 5.35
2018-03-31 54.83 7.35 5.26
2017-12-31 54.23 7.24 5.17
2017-09-30 54.54 12.79 4.94
2017-06-30 54.85 18.34 4.71
2017-03-31 51.46 16.21 4.69
2016-12-31 48.06 14.08 4.68
2016-09-30 47.38 14.20 4.69
2016-06-30 45.44 13.51 4.45
2016-03-31 48.39 15.83 4.36
2015-12-31 50.88 17.92 4.15
2015-09-30 53.05 18.99 3.63
2015-06-30 55.13 20.78 3.31
2015-03-31 56.52 21.52 3.17
2014-12-31 54.83 21.30 2.94
2014-09-30 53.90 20.27 2.99
2014-06-30 53.03 19.44 3.13
2014-03-31 52.09 17.95 3.17
2013-12-31 51.56 18.19 3.60
2013-09-30 50.45 17.53 3.82
2013-06-30 50.46 17.54 4.05
2013-03-31 52.04 18.45 4.33
2012-12-31 52.87 18.44 4.20

*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.
  • Thessaloniki Port Authority Societe Anonyme has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Thessaloniki Port Authority Societe Anonyme used its assets more efficiently than the Europe Infrastructure industry average last year based on Return on Assets.
  • Thessaloniki Port Authority Societe Anonyme's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Thessaloniki Port Authority Societe Anonyme'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 Infrastructure 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.
Thessaloniki Port Authority Societe Anonyme has a total score of 3/6, 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.

03P Health

 How is Thessaloniki Port Authority Societe Anonyme'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 Thessaloniki Port Authority Societe Anonyme's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Thessaloniki Port Authority Societe Anonyme is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Thessaloniki Port Authority Societe Anonyme's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Thessaloniki Port Authority Societe Anonyme'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.
  • Thessaloniki Port Authority Societe Anonyme has no debt, it does not need to be covered by short term assets.
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 Thessaloniki Port Authority Societe Anonyme Company Filings, last reported 4 months ago.

BST:03P Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 152.19 0.00 95.69
2019-03-31 152.19 0.00 95.69
2018-12-31 150.64 0.00 91.04
2018-09-30 150.64 0.00 91.04
2018-06-30 143.57 0.00 94.57
2018-03-31 143.57 0.00 94.57
2017-12-31 137.85 0.00 90.32
2017-09-30 137.85 0.00 90.32
2017-06-30 145.32 0.00 89.78
2017-03-31 145.32 0.00 89.78
2016-12-31 135.46 0.00 75.57
2016-09-30 135.46 0.00 75.57
2016-06-30 126.78 0.00 76.59
2016-03-31 126.78 0.00 76.59
2015-12-31 127.09 0.00 66.12
2015-09-30 122.29 0.00 59.42
2015-06-30 118.92 0.00 68.58
2015-03-31 133.52 0.00 81.72
2014-12-31 128.77 0.00 78.78
2014-09-30 123.79 0.00 69.38
2014-06-30 118.43 0.00 102.04
2014-03-31 153.12 0.00 103.23
2013-12-31 148.45 0.00 96.51
2013-09-30 143.74 0.00 90.45
2013-06-30 139.20 0.00 101.62
2013-03-31 149.99 0.00 97.85
2012-12-31 145.05 0.00 87.91
  • Thessaloniki Port Authority Societe Anonyme has no debt.
  • Thessaloniki Port Authority Societe Anonyme has not taken on any debt in the past 5 years.
  • Thessaloniki Port Authority Societe Anonyme has no debt, it does not need to be covered by operating cash flow.
  • Thessaloniki Port Authority Societe Anonyme has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Thessaloniki Port Authority Societe Anonyme'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. Thessaloniki Port Authority Societe Anonyme has a total score of 6/6, 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.

03P Dividends

 What is Thessaloniki Port Authority Societe Anonyme'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
2.13%
Current annual income from Thessaloniki Port Authority Societe Anonyme dividends.
If you bought €2,000 of Thessaloniki Port Authority Societe Anonyme shares you are expected to receive €43 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?
  • Thessaloniki Port Authority Societe Anonyme's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.38%).
  • Thessaloniki Port Authority Societe Anonyme's dividend is below the markets top 25% of dividend payers in Germany (3.67%).
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
BST:03P 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 Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 333 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

BST:03P Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
BST:03P Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-30 0.570 1.997
2018-09-11 0.450 1.802
2018-05-10 0.450 1.773
2018-04-30 0.450 1.664
2017-04-27 0.490 2.048
2016-03-31 0.580 2.986
2015-03-12 1.950 9.270
2014-03-27 4.000 16.795
2013-06-27 1.500 6.250
2012-03-29 0.400 2.584
2011-11-29 0.166 1.585
2011-08-25 0.166 1.627
2011-03-23 0.210 1.558
2010-08-25 0.135 1.130
2010-03-01 0.150 1.178
2010-01-15 0.150 1.192
2009-03-30 0.180 1.270
2009-01-15 0.180 1.895

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Thessaloniki Port Authority Societe Anonyme's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.6x coverage).
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 Thessaloniki Port Authority Societe Anonyme's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Thessaloniki Port Authority Societe Anonyme afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Thessaloniki Port Authority Societe Anonyme has a total score of 3/6, see the detailed checks below.


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

03P Management

 What is the CEO of Thessaloniki Port Authority Societe Anonyme'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
Sotirios Theophanis
CEO Bio

Sotirios Theophanis serves as Chairman of the board and Chief Executive Officer at Thessaloniki Port Authority Societe Anonyme.

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

Sotirios Theophanis

TITLE
Chairman & CEO

Henrik Jepsen

TITLE
Chief Financial Officer

Mersina Chondroudaki

TITLE
Head of Accounting Department

Anastasia Voska

TITLE
General Manager of Administrative and Financial Support
TENURE
16.1 yrs

Chrysanthi Athanasiou

TITLE
Head of Public Relations

Panagiotis Koutlis

TITLE
Head of Legal Service

Vasilis Diafas

TITLE
Head of Internal Audit Department

Arthur Davidyan

TITLE
Executive Director
Board of Directors

Sotirios Theophanis

TITLE
Chairman & CEO

Wenzel Boris

TITLE
Deputy Chairman

Arthur Davidyan

TITLE
Executive Director

Vlachos Angelos

TITLE
Non-Executive Director
TENURE
1.8 yrs

Alexander Mellenthin

TITLE
Director

Panayiotis Alevras

TITLE
Independent Non-Executive Director

Gabriel Ioannou

TITLE
Non-Executive Director

Panagiotis Michalopoulos

TITLE
Independent Non-Executive Director

Garnier Jean Marc

TITLE
Independent Non-Executive Director
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 Thessaloniki Port Authority Societe Anonyme'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. Thessaloniki Port Authority Societe Anonyme 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.

03P News

Simply Wall St News

03P Company Info

Description

Thessaloniki Port Authority Societe Anonyme engages in the management and exploitation of the port of Thessaloniki located in Greece. It operates through four segments: Container Terminal, Conventional Cargo, Passenger Traffic, and Utilization of Facilities. The company provides conventional cargo handling services, including loading and unloading services, and SILO services; and containerized cargo handling services. It also offers ships anchoring, mooring, berthing, and other services; and services to passengers on coastal and cruise ships and in transit. In addition, it offers spaces for commercial and other uses; and operates car parking stations. The company primarily serves industries, shipping agents, container transportation companies, and freight transport companies. Thessaloniki Port Authority Societe Anonyme was incorporated in 1999 and is based in Thessaloniki, Greece.

Details
Name: Thessaloniki Port Authority Societe Anonyme
03P
Exchange: BST
Founded: 1999
€270,144,000
10,080,000
Website: http://www.thpa.gr
Address: Thessaloniki Port Authority Societe Anonyme
Pier A, inside the Port,
Thessaloniki,
546 25,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ATSE OLTH Common Shares The Athens Stock Exchange GR EUR 27. Aug 2001
BST 03P Common Shares Boerse-Stuttgart DE EUR 27. Aug 2001
Number of employees
Current staff
Staff numbers
445
Thessaloniki Port Authority Societe Anonyme employees.
Industry
Marine Ports and Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/15 21:24
End of day share price update: 2019/11/14 00:00
Last estimates confirmation: 2018/05/10
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.