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Admie Holding

DB:08M
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
08M
DB
€478M
Market Cap
  1. Home
  2. DE
  3. Utilities
Company description

Admie Holding S.A. operates an electricity transmission system in Greece. The last earnings update was 127 days ago. More info.


Add to Portfolio Compare Print
  • Admie Holding has significant price volatility in the past 3 months.
08M Share Price and Events
7 Day Returns
3.4%
DB:08M
0.7%
Europe Electric Utilities
2.1%
DE Market
1 Year Returns
15.7%
DB:08M
-0.5%
Europe Electric Utilities
-16.6%
DE Market
08M Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Admie Holding (08M) 3.4% -7.4% -18.3% 15.7% - -
Europe Electric Utilities 0.7% -17.1% -11.1% -0.5% 22.1% -2%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • 08M outperformed the Electric Utilities industry which returned -0.5% over the past year.
  • 08M outperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
08M
Industry
5yr Volatility vs Market
Related Companies

08M Value

 Is Admie Holding 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 Admie Holding. This is due to cash flow or dividend data being unavailable. The share price is €2.01.
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 Admie Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Admie Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:08M PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €0.20
ATSE:ADMIE Share Price ** ATSE (2020-04-06) in EUR €2.06
Europe Electric Utilities Industry PE Ratio Median Figure of 74 Publicly-Listed Electric Utilities Companies 10.45x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

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

** Primary Listing of Admie Holding.

DB:08M PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 2.06 ÷ 0.20

10.42x

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

  • Admie Holding is good value based on earnings compared to the Europe Electric Utilities industry average.
  • Admie Holding is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Admie Holding's expected growth come at a high price?
Raw Data
DB:08M PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Electric Utilities Industry PEG Ratio Median Figure of 35 Publicly-Listed Electric Utilities Companies 1.6x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*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 Admie Holding, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Admie Holding's assets?
Raw Data
DB:08M PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €2.52
ATSE:ADMIE Share Price * ATSE (2020-04-06) in EUR €2.06
Europe Electric Utilities Industry PB Ratio Median Figure of 87 Publicly-Listed Electric Utilities Companies 0.78x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:08M PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.06 ÷ 2.52

0.82x

* Primary Listing of Admie Holding.

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

  • Admie Holding is overvalued based on assets compared to the Europe Electric Utilities industry average.
X
Value checks
We assess Admie Holding'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 Electric Utilities 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 Electric Utilities industry average (and greater than 0)? (1 check)
  5. Admie Holding has a total score of 2/6, 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.

08M Future Performance

 How is Admie Holding 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 Admie Holding 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
9.6%
Expected Electric Utilities industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Admie Holding expected to grow at an attractive rate?
  • Unable to compare Admie Holding's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Admie Holding's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Admie Holding's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:08M Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
Europe Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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:08M Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 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:08M Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:08M Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 46 1 46
2019-06-30 41 -1 41
2019-03-31 40 -1 40
2018-12-31 42 -1 42
2018-06-30 39 -1 38
2017-12-31 26 -2 25
2016-12-31 1,428 208 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Admie Holding is high growth as no earnings estimate data is available.
  • Unable to determine if Admie Holding 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:08M Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Admie Holding Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:08M Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:08M Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 0.20
2019-06-30 0.18
2019-03-31 0.17
2018-12-31 0.18
2018-06-30 0.16
2017-12-31
2016-12-31

*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 Admie Holding will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Check out Admie Holding's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  2. Admie Holding'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 Utilities companies here
  3. Admie Holding's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Admie Holding'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 Europe 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.
Admie Holding 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.

08M Past Performance

  How has Admie Holding 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 Admie Holding's growth in the last year to its industry (Electric Utilities).
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.
  • Admie Holding's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Admie Holding's 1-year earnings growth exceeds its 5-year average (13.9% vs -3.1%)
  • Admie Holding's earnings growth has exceeded the Europe Electric Utilities industry average in the past year (13.9% vs 9.7%).
Earnings and Revenue History
Admie Holding'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 Admie Holding Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:08M Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 45.84 45.85 0.22
2019-06-30 41.08 41.08 0.22
2019-03-31 39.75 39.66 0.18
2018-12-31 42.35 42.27 0.15
2018-06-30 38.59 38.22 0.25
2017-12-31 26.21 25.14 0.43
2016-12-31 1,428.31 -2.67 74.38
2015-12-31 1,471.58 35.55 75.15
2014-12-31 2,312.72 69.97 73.71
2013-12-31 2,487.01 55.92 72.91

*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.
  • Admie Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Admie Holding used its assets more efficiently than the Europe Electric Utilities industry average last year based on Return on Assets.
  • Admie Holding has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Admie Holding'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 Electric Utilities 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.
Admie Holding has a total score of 4/6, 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.

08M Health

 How is Admie Holding'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 Admie Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Admie Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Admie Holding has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Admie Holding'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.
  • Low level of unsold assets.
  • Admie Holding 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 Admie Holding Company Filings, last reported 6 months ago.

DB:08M Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 584.05 0.00 9.41
2019-06-30 585.11 0.00 26.61
2019-03-31 578.43 0.00 4.86
2018-12-31 565.18 0.00 4.84
2018-06-30 539.92 0.00 12.27
2017-12-31 518.66 0.00 2.18
2016-12-31 898.07 498.13 294.09
2015-12-31 1,013.96 490.15 188.43
2014-12-31 1,027.98 454.07 118.30
2013-12-31 957.93 447.72 48.77
  • Admie Holding has no debt.
  • Admie Holding has no debt compared to 5 years ago when it was 44.8%.
  • Admie Holding has no debt, it does not need to be covered by operating cash flow.
  • Admie Holding has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Admie Holding'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. Admie Holding 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.

08M Dividends

 What is Admie Holding'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 Admie Holding dividends.
If you bought €2,000 of Admie Holding 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 Admie Holding's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Admie Holding'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:08M 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 Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 51 Stocks 4.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

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

DB:08M Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as Admie Holding has not reported any payouts.
  • Unable to verify if Admie Holding's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Admie Holding's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Admie Holding 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 Admie Holding'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 Admie Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Admie Holding 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.

08M Management

 What is the CEO of Admie Holding'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.
  • Admie Holding has no CEO, or we have no data on them.
Management Team

Ioannis Kambouris

TITLE
Executive Vice Chairman
COMPENSATION
€800

Frantzis Sigalas

TITLE
Legal Counsel
Board of Directors Tenure

Average tenure of the Admie Holding board of directors in years:

1.3
Average Tenure
  • The average tenure for the Admie Holding board of directors is less than 3 years, this suggests a new board.
Board of Directors

Iason Rousopoulos

TITLE
Chairman
TENURE
1.3 yrs

Ioannis Kambouris

TITLE
Executive Vice Chairman
COMPENSATION
€800
TENURE
1.3 yrs

Evaggelos Darousos

TITLE
Independent Non-Executive Director
COMPENSATION
€4K

Alexandros Nikolouzos

TITLE
Non-Executive Director
COMPENSATION
€2K
TENURE
1.3 yrs

Konstantinos Karakatsanis

TITLE
Independent Non-Executive Director
COMPENSATION
€4K
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 Admie Holding'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. Admie Holding 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.

08M News

Simply Wall St News

08M Company Info

Description

Admie Holding S.A. operates an electricity transmission system in Greece. The company is based in Athens, Greece. Admie Holding S.A. is a subsidiary of The Public Holding Company SA.

Details
Name: Admie Holding S.A.
08M
Exchange: DB
Founded:
€477,920,000
232,000,000
Website: http://admieholding.gr
Address: Admie Holding S.A.
89 Dyrachiou Street,
Kifisou,
Athens,
104 43,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ATSE ADMIE Common Shares The Athens Stock Exchange GR EUR 19. Jun 2017
DB 08M Common Shares Deutsche Boerse AG DE EUR 19. Jun 2017
LSE 0RQM Common Shares London Stock Exchange GB EUR 19. Jun 2017
Number of employees
Current staff
Staff numbers
3
Admie Holding employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 03:40
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2019/03/19
Last earnings filing: 2019/12/02
Last earnings reported: 2019/09/30
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.