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General Commercial & Industrial

ATSE:GEBKA
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GEBKA
ATSE
€19M
Market Cap
  1. Home
  2. GR
  3. Capital Goods
Company description

General Commercial & Industrial S.A. supplies industrial and hydraulic equipment in Greece and East European countries. The last earnings update was 67 days ago. More info.


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GEBKA Share Price and Events
7 Day Returns
0%
ATSE:GEBKA
1%
GR Trade Distributors
1.9%
GR Market
1 Year Returns
23%
ATSE:GEBKA
39.6%
GR Trade Distributors
36.7%
GR Market
GEBKA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
General Commercial & Industrial (GEBKA) 0% -1.9% -8.3% 23% 116.5% 142.2%
GR Trade Distributors 1% 0.9% -0.4% 39.6% 111.7% 108.9%
GR Market 1.9% 2.7% 8.9% 36.7% 41.8% -78.3%
1 Year Return vs Industry and Market
  • GEBKA underperformed the Trade Distributors industry which returned 39.6% over the past year.
  • GEBKA underperformed the Market in Greece which returned 36.7% over the past year.
Price Volatility
GEBKA
Industry
5yr Volatility vs Market

GEBKA Value

 Is General Commercial & Industrial 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 General Commercial & Industrial 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 General Commercial & Industrial.

ATSE:GEBKA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in EUR € .015000
Payout Ratio Company Filings (2019-06-30) 3079.9%
Discount Rate (Cost of Equity) See below 26.7%
Perpetual Growth Rate 10-Year GR Government Bond Rate 4.9%

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 ATSE:GEBKA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GR Govt Bond Rate 4.9%
Equity Risk Premium S&P Global 15%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.949 (1 + (1- 29%) (22.52%))
1.451
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.45
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 4.93% + (1.451 * 14.99%)
26.68%

Discounted Cash Flow Calculation for ATSE:GEBKA using Dividend Discount Model Model

The calculations below outline how an intrinsic value for General Commercial & Industrial is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

ATSE:GEBKA Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €0.02 / (26.68% - 4.93%)
€0.06
ATSE:GEBKA Discount to Share Price
Calculation Result
Value per share (EUR) From above. €0.06
Current discount Discount to share price of €0.78
= -1 x (€0.78 - €0.06) / €0.06
-1164.4%

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

  • The current share price of General Commercial & Industrial 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 General Commercial & Industrial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are General Commercial & Industrial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ATSE:GEBKA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €0.03
ATSE:GEBKA Share Price ** ATSE (2019-11-18) in EUR €0.78
Europe Trade Distributors Industry PE Ratio Median Figure of 69 Publicly-Listed Trade Distributors Companies 14.87x
Greece Market PE Ratio Median Figure of 92 Publicly-Listed Companies 16.46x

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

** Primary Listing of General Commercial & Industrial.

ATSE:GEBKA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.78 ÷ 0.03

22.74x

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

  • General Commercial & Industrial is overvalued based on earnings compared to the Europe Trade Distributors industry average.
  • General Commercial & Industrial is overvalued based on earnings compared to the Greece market.
Price based on expected Growth
Does General Commercial & Industrial's expected growth come at a high price?
Raw Data
ATSE:GEBKA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.74x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
24.9%per year
Europe Trade Distributors Industry PEG Ratio Median Figure of 32 Publicly-Listed Trade Distributors Companies 1.62x
Greece Market PEG Ratio Median Figure of 26 Publicly-Listed Companies 1.06x

*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 General Commercial & Industrial, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on General Commercial & Industrial's assets?
Raw Data
ATSE:GEBKA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €0.96
ATSE:GEBKA Share Price * ATSE (2019-11-18) in EUR €0.78
Greece Trade Distributors Industry PB Ratio Median Figure of 5 Publicly-Listed Trade Distributors Companies 0.88x
Greece Market PB Ratio Median Figure of 134 Publicly-Listed Companies 0.91x
ATSE:GEBKA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.78 ÷ 0.96

0.81x

* Primary Listing of General Commercial & Industrial.

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

  • General Commercial & Industrial is good value based on assets compared to the GR Trade Distributors industry average.
X
Value checks
We assess General Commercial & Industrial'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 Trade Distributors 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 Trade Distributors industry average (and greater than 0)? (1 check)
  5. General Commercial & Industrial 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.

GEBKA Future Performance

 How is General Commercial & Industrial expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover General Commercial & Industrial, 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
24.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is General Commercial & Industrial expected to grow at an attractive rate?
  • General Commercial & Industrial's earnings growth is expected to exceed the low risk savings rate of 4.9%.
Growth vs Market Checks
  • General Commercial & Industrial's earnings growth is expected to exceed the Greece market average.
  • Unable to compare General Commercial & Industrial's revenue growth to the Greece market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ATSE:GEBKA Future Growth Rates Data Sources
Data Point Source Value (per year)
ATSE:GEBKA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 24.9%
Europe Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 8.8%
Europe Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
Greece Market Earnings Growth Rate Market Cap Weighted Average 17.9%
Greece Market Revenue Growth Rate Market Cap Weighted Average 3.8%

*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
ATSE:GEBKA 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.
ATSE:GEBKA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 28 -1 1
2019-03-31 28 -1 1
2018-12-31 27 0 1
2018-09-30 26 0 1
2018-06-30 26 1 1
2018-03-31 25 1 1
2017-12-31 23 2 1
2017-09-30 24 2 1
2017-06-30 25 1 1
2017-03-31 25 1 1
2016-12-31 24 1 1
2016-09-30 24 1 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • General Commercial & Industrial's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if General Commercial & Industrial 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
ATSE:GEBKA 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 General Commercial & Industrial Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ATSE:GEBKA Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 0.03
2019-03-31 0.04
2018-12-31 0.04
2018-09-30 0.04
2018-06-30 0.04
2018-03-31 0.03
2017-12-31 0.03
2017-09-30 0.03
2017-06-30 0.03
2017-03-31 0.03
2016-12-31 0.02
2016-09-30 0.02

*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 General Commercial & Industrial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess General Commercial & Industrial'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.
General Commercial & Industrial has a total score of 3/6, 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.

GEBKA Past Performance

  How has General Commercial & Industrial 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 General Commercial & Industrial's growth in the last year to its industry (Trade Distributors).
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.
  • General Commercial & Industrial's year on year earnings growth rate has been positive over the past 5 years.
  • General Commercial & Industrial's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • General Commercial & Industrial's 1-year earnings growth is negative, it can't be compared to the Europe Trade Distributors industry average.
Earnings and Revenue History
General Commercial & Industrial'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 General Commercial & Industrial Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ATSE:GEBKA 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 28.34 0.82 4.62
2019-03-31 27.76 0.89 4.61
2018-12-31 27.17 0.96 4.60
2018-09-30 26.39 0.94 4.57
2018-06-30 25.61 0.91 4.54
2018-03-31 24.54 0.81 4.48
2017-12-31 23.46 0.70 4.43
2017-09-30 24.30 0.71 4.44
2017-06-30 25.14 0.71 4.44
2017-03-31 24.59 0.65 4.37
2016-12-31 24.04 0.59 4.29
2016-09-30 24.23 0.58 4.27
2016-06-30 22.73 0.54 4.17
2016-03-31 23.41 0.68 4.22
2015-12-31 23.66 0.66 4.33
2015-09-30 24.00 0.76 4.36
2015-06-30 24.76 0.84 4.48
2015-03-31 25.50 0.76 4.62
2014-12-31 24.90 0.63 4.62
2014-09-30 25.55 0.63 4.67
2014-06-30 25.40 0.60 4.65
2014-03-31 25.12 0.55 4.58
2013-12-31 25.63 0.62 4.64
2013-09-30 24.01 0.24 4.84
2013-06-30 23.50 0.00 4.94
2013-03-31 23.64 -0.08 5.24
2012-12-31 24.14 -0.14 5.45

*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.
  • General Commercial & Industrial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • General Commercial & Industrial used its assets less efficiently than the Europe Trade Distributors industry average last year based on Return on Assets.
  • General Commercial & Industrial has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess General Commercial & Industrial'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 Trade Distributors 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.
General Commercial & Industrial has a total score of 2/6, 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.

GEBKA Health

 How is General Commercial & Industrial'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 General Commercial & Industrial's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • General Commercial & Industrial is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • General Commercial & Industrial's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of General Commercial & Industrial'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 covered by short term assets, assets are 5.6x 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 General Commercial & Industrial Company Filings, last reported 4 months ago.

ATSE:GEBKA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 23.02 4.20 0.84
2019-03-31 23.02 4.20 0.84
2018-12-31 23.34 3.78 0.58
2018-09-30 23.34 3.78 0.58
2018-06-30 23.04 2.71 0.90
2018-03-31 23.04 2.71 0.90
2017-12-31 23.12 2.49 0.74
2017-09-30 23.12 2.49 0.74
2017-06-30 23.46 2.14 1.09
2017-03-31 23.46 2.14 1.09
2016-12-31 23.75 3.13 0.82
2016-09-30 23.75 3.13 0.82
2016-06-30 23.50 2.65 1.24
2016-03-31 23.50 2.65 1.24
2015-12-31 23.91 3.78 1.25
2015-09-30 23.79 4.30 1.77
2015-06-30 23.70 4.74 0.89
2015-03-31 23.90 4.78 1.14
2014-12-31 23.73 4.70 0.74
2014-09-30 23.57 3.78 0.40
2014-06-30 23.36 4.12 0.51
2014-03-31 23.59 5.31 1.61
2013-12-31 23.57 6.04 1.34
2013-09-30 23.32 6.03 1.15
2013-06-30 23.15 6.33 0.64
2013-03-31 22.98 6.78 0.40
2012-12-31 22.88 7.45 0.47
  • General Commercial & Industrial's level of debt (18.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (17.6% vs 18.2% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 9.8x coverage).
X
Financial health checks
We assess General Commercial & Industrial'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. General Commercial & Industrial has a total score of 4/6, 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.

GEBKA Dividends

 What is General Commercial & Industrial'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
1.94%
Current annual income from General Commercial & Industrial dividends.
If you bought €2,000 of General Commercial & Industrial shares you are expected to receive €39 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?
  • General Commercial & Industrial's pays a higher dividend yield than the bottom 25% of dividend payers in Greece (1.86%).
  • General Commercial & Industrial's dividend is below the markets top 25% of dividend payers in Greece (3.92%).
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
ATSE:GEBKA 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 Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 62 Stocks 2.4%
Greece Market Average Dividend Yield Market Cap Weighted Average of 50 Stocks 4%
Greece Minimum Threshold Dividend Yield 10th Percentile 1.3%
Greece Bottom 25% Dividend Yield 25th Percentile 1.9%
Greece 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.

ATSE:GEBKA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-05 0.015 1.910
2018-03-23 0.010 1.584
2017-03-24 0.010 2.060
2016-09-08 0.000 0.000
2016-03-17 0.000 0.000
2015-03-18 0.020 6.185
2014-03-20 0.017 4.690
2013-11-08 0.000 0.000
2013-07-26 0.000 0.000
2013-03-14 0.000 0.000
2012-07-30 0.017 4.547
2012-05-22 0.013 3.908
2012-03-22 0.017 4.612
2012-03-21 0.017 4.209
2011-11-14 0.000 0.000
2011-03-16 0.000 0.000
2011-03-15 0.000 0.000
2010-07-28 0.015 5.963
2010-07-08 0.015 5.153
2009-03-03 0.027 6.913

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 fallen over the past 10 years.
Current Payout to shareholders
What portion of General Commercial & Industrial's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x 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 General Commercial & Industrial's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 General Commercial & Industrial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. General Commercial & Industrial has a total score of 2/6, see the detailed checks below.


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

GEBKA Management

 What is the CEO of General Commercial & Industrial'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
Georgios Kremydas
CEO Bio

Mr. Georgios Konstantinou Kremydas serves as the Executive Chairman and Chief Executive Officer of General Commercial & Industrial S.A. Mr. Kremydas holds Master's Degree in Business Administration from Pace University of New York.

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

Georgios Kremydas

TITLE
Executive Chairman & CEO

Konstantinos Kremydas

TITLE
Executive Vice-Chairman of the Board of Directors

Theodoros Konidaris

TITLE
Finance Director & Executive Director

Ioannis Karvelas

TITLE
Accounting Manager

Miltiadis Kourvas

TITLE
Sales Director & Executive Director

Achilleas Glavas

TITLE
Executive Director

Panagiotis Kremydas

TITLE
Executive Director
Board of Directors

Georgios Kremydas

TITLE
Executive Chairman & CEO

Konstantinos Kremydas

TITLE
Executive Vice-Chairman of the Board of Directors

Theodoros Konidaris

TITLE
Finance Director & Executive Director

Miltiadis Kourvas

TITLE
Sales Director & Executive Director

Achilleas Glavas

TITLE
Executive Director

Panagiotis Kremydas

TITLE
Executive Director

Periklis Vasilopoulos

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 General Commercial & Industrial'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. General Commercial & Industrial 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.

GEBKA News

Simply Wall St News

Should We Worry About General Commercial & Industrial S.A.'s (ATH:GEBKA) P/E Ratio?

We'll look at General Commercial & Industrial S.A.'s (ATH:GEBKA) P/E ratio and reflect on what it tells us about the company's share price. … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for General Commercial & Industrial: P/E of 20.59 = €0.82 ÷ €0.040 (Based on the year to December 2018.) Is A High Price-to-Earnings Ratio Good? … General Commercial & Industrial increased earnings per share by a whopping 38% last year.

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Here’s why General Commercial & Industrial S.A.’s (ATH:GEBKA) Returns On Capital Matters So Much

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for General Commercial & Industrial: 0.056 = €1.5m ÷ (€32m - €5.1m) (Based on the trailing twelve months to December 2018.) Therefore, General Commercial & Industrial has an ROCE of 5.6%. … What Are Current Liabilities, And How Do They Affect General Commercial & Industrial's ROCE? … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

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Is General Commercial & Industrial (ATH:GEBKA) Using Too Much Debt?

View our latest analysis for General Commercial & Industrial What Is General Commercial & Industrial's Debt? … ATSE:GEBKA Historical Debt, July 29th 2019 A Look At General Commercial & Industrial's Liabilities According to the last reported balance sheet, General Commercial & Industrial had liabilities of €5.05m due within 12 months, and liabilities of €3.82m due beyond 12 months. … But it is General Commercial & Industrial's earnings that will influence how the balance sheet holds up in the future.

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Should You Be Concerned About General Commercial & Industrial S.A.'s (ATH:GEBKA) ROE?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for General Commercial & Industrial: 4.1% = €964k ÷ €23m (Based on the trailing twelve months to December 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does General Commercial & Industrial Have A Good Return On Equity? … General Commercial & Industrial's Debt And Its 4.1% ROE While General Commercial & Industrial does have some debt, with debt to equity of just 0.16, we wouldn't say debt is excessive.

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Did General Commercial & Industrial S.A.'s (ATH:GEBKA) Recent Earnings Growth Beat The Trend?

In this article, I will take a look at General Commercial & Industrial S.A.'s (ATH:GEBKA) most recent earnings update (31 December 2018) and compare these latest figures against its performance over the past few years, along with how the rest of GEBKA's industry performed. … Check out our latest analysis for General Commercial & Industrial How GEBKA fared against its long-term earnings performance and its industry GEBKA's trailing twelve-month earnings (from 31 December 2018) of €964k has jumped 38% compared to the previous year. … General Commercial & Industrial's track record can be a valuable insight into its earnings performance, but it certainly doesn't tell the whole story.

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Is General Commercial & Industrial S.A. (ATH:GEBKA) A Smart Pick For Income Investors?

With a 1.9% yield and a nine-year payment history, investors probably think General Commercial & Industrial looks like a reliable dividend stock. … Looking at the last decade of data, we can see that General Commercial & Industrial paid its first dividend at least nine years ago. … First, we like General Commercial & Industrial's low dividend payout ratio, although we're a bit concerned that it paid out a substantially higher percentage of its free cash flow.

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Does General Commercial & Industrial S.A. (ATH:GEBKA) Have A Volatile Share Price?

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … What this means for you: It is probable that there is a link between the share price of General Commercial & Industrial and the broader market, since it has a beta value quite close to one.

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General Commercial & Industrial S.A. (ATH:GEBKA): Commentary On Fundamentals

By this I mean, I look at stocks holistically, from their financial health to their future outlook. … ATSE:GEBKA Income Statement, May 14th 2019 Next Steps: For General Commercial & Industrial, there are three key factors you should look at: Future Outlook: What are well-informed industry analysts predicting for GEBKA’s future growth? … Take a look at our free research report of analyst consensus for GEBKA’s outlook.

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Should You Worry About General Commercial & Industrial S.A.’s (ATH:GEBKA) ROCE?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … How Do You Calculate Return On Capital Employed

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Is General Commercial & Industrial's (ATH:GEBKA) Share Price Gain Of 105% Well Earned?

(ATH:GEBKA) share price has soared 105% in the last three years. … During three years of share price growth, General Commercial & Industrial achieved compound earnings per share growth of 2.8% per year. … In comparison, the 27% per year gain in the share price outpaces the EPS growth.

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GEBKA Company Info

Description

General Commercial & Industrial S.A. supplies industrial and hydraulic equipment in Greece and East European countries. The company, through its subsidiary, General Commercial Renewable Energy Sources SA, is also involved in producing, marketing, and supplying energy from renewable energy sources and conventional fuels for domestic, industrial, and other users. It serves customers in construction, industrial, shipping, and oil industries. The company was founded in 1966 and is headquartered in Aspropyrgos, Greece.

Details
Name: General Commercial & Industrial S.A.
GEBKA
Exchange: ATSE
Founded: 1966
€18,646,500
24,060,000
Website: http://www.geb.gr
Address: General Commercial & Industrial S.A.
18th km National Road Athens - Corinth,
Aspropyrgos,
193 00,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ATSE GEBKA Ordinary Shares The Athens Stock Exchange GR EUR 28. Jul 1993
LSE 0OPD Ordinary Shares London Stock Exchange GB EUR 28. Jul 1993
Number of employees
Current staff
Staff numbers
0
General Commercial & Industrial employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 20:35
End of day share price update: 2019/11/18 00:00
Last earnings filing: 2019/09/12
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.