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Flexopack Société Anonyme Commercial and Industrial Plastics

ATSE:FLEXO
Snowflake Description

Excellent balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FLEXO
ATSE
€81M
Market Cap
  1. Home
  2. GR
  3. Materials
Company description

Flexopack Société Anonyme Commercial and Industrial Plastics Company manufactures and sells flexible plastic packaging materials in Greece, Europe, and internationally. The last earnings update was 67 days ago. More info.


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FLEXO Share Price and Events
7 Day Returns
0%
ATSE:FLEXO
1.1%
GR Packaging
3.2%
GR Market
1 Year Returns
-1.4%
ATSE:FLEXO
22.5%
GR Packaging
39.1%
GR Market
FLEXO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Flexopack Société Anonyme Commercial and Industrial Plastics (FLEXO) 0% -4.2% 0% -1.4% 151.8% 173.8%
GR Packaging 1.1% 3.2% 5.2% 22.5% 131.1% 175.5%
GR Market 3.2% 3.1% 9.1% 39.1% 41.1% -77.7%
1 Year Return vs Industry and Market
  • FLEXO underperformed the Packaging industry which returned 22.5% over the past year.
  • FLEXO underperformed the Market in Greece which returned 39.1% over the past year.
Price Volatility
FLEXO
Industry
5yr Volatility vs Market

Value

 Is Flexopack Société Anonyme Commercial and Industrial Plastics 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 Flexopack Société Anonyme Commercial and Industrial Plastics 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 Flexopack Société Anonyme Commercial and Industrial Plastics.

ATSE:FLEXO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in EUR € .060000
Payout Ratio Company Filings (2019-06-30) 0%
Discount Rate (Cost of Equity) See below 22.8%
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:FLEXO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GR Govt Bond Rate 4.9%
Equity Risk Premium S&P Global 15%
Packaging Unlevered Beta Simply Wall St/ S&P Global 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.854 (1 + (1- 29%) (22.38%))
1.19
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 4.93% + (1.19 * 14.99%)
22.77%

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

The calculations below outline how an intrinsic value for Flexopack Société Anonyme Commercial and Industrial Plastics 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:FLEXO Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €0.06 / (22.77% - 4.93%)
€0.34
ATSE:FLEXO Discount to Share Price
Calculation Result
Value per share (EUR) From above. €0.34
Current discount Discount to share price of €6.90
= -1 x (€6.90 - €0.34) / €0.34
-1951.9%

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

  • The current share price of Flexopack Société Anonyme Commercial and Industrial Plastics 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 Flexopack Société Anonyme Commercial and Industrial Plastics's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Flexopack Société Anonyme Commercial and Industrial Plastics's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ATSE:FLEXO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €0.60
ATSE:FLEXO Share Price ** ATSE (2019-11-19) in EUR €6.9
Europe Packaging Industry PE Ratio Median Figure of 31 Publicly-Listed Packaging Companies 15.13x
Greece Market PE Ratio Median Figure of 92 Publicly-Listed Companies 16.87x

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

** Primary Listing of Flexopack Société Anonyme Commercial and Industrial Plastics.

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

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

= 6.9 ÷ 0.60

11.54x

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

  • Flexopack Société Anonyme Commercial and Industrial Plastics is good value based on earnings compared to the Europe Packaging industry average.
  • Flexopack Société Anonyme Commercial and Industrial Plastics is good value based on earnings compared to the Greece market.
Price based on expected Growth
Does Flexopack Société Anonyme Commercial and Industrial Plastics's expected growth come at a high price?
Raw Data
ATSE:FLEXO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.54x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Packaging Industry PEG Ratio Median Figure of 15 Publicly-Listed Packaging Companies 1.55x
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 Flexopack Société Anonyme Commercial and Industrial Plastics, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Flexopack Société Anonyme Commercial and Industrial Plastics's assets?
Raw Data
ATSE:FLEXO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €6.03
ATSE:FLEXO Share Price * ATSE (2019-11-19) in EUR €6.9
Greece Packaging Industry PB Ratio Median Figure of 5 Publicly-Listed Packaging Companies 0.85x
Greece Market PB Ratio Median Figure of 134 Publicly-Listed Companies 0.9x
ATSE:FLEXO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 6.9 ÷ 6.03

1.15x

* Primary Listing of Flexopack Société Anonyme Commercial and Industrial Plastics.

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

  • Flexopack Société Anonyme Commercial and Industrial Plastics is overvalued based on assets compared to the GR Packaging industry average.
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Value checks
We assess Flexopack Société Anonyme Commercial and Industrial Plastics'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 Packaging 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 Packaging industry average (and greater than 0)? (1 check)
  5. Flexopack Société Anonyme Commercial and Industrial Plastics 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.

Future Performance

 How is Flexopack Société Anonyme Commercial and Industrial Plastics 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 Flexopack Société Anonyme Commercial and Industrial Plastics 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
15.3%
Expected Packaging industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Flexopack Société Anonyme Commercial and Industrial Plastics expected to grow at an attractive rate?
  • Unable to compare Flexopack Société Anonyme Commercial and Industrial Plastics's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Flexopack Société Anonyme Commercial and Industrial Plastics's earnings growth to the Greece market average as no estimate data is available.
  • Unable to compare Flexopack Société Anonyme Commercial and Industrial Plastics's revenue growth to the Greece market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ATSE:FLEXO Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Packaging Industry Earnings Growth Rate Market Cap Weighted Average 15.3%
Europe Packaging Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
Greece Market Earnings Growth Rate Market Cap Weighted Average 18%
Greece Market Revenue Growth Rate Market Cap Weighted Average 3.7%

*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:FLEXO 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:FLEXO Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 88 10 7
2019-03-31 86 10 7
2018-12-31 84 10 7
2018-09-30 84 11 7
2018-06-30 84 12 8
2018-03-31 83 11 8
2017-12-31 82 9 7
2017-09-30 79 8 7
2017-06-30 77 6 6
2017-03-31 73 7 6
2016-12-31 70 8 5
2016-09-30 67 8 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Flexopack Société Anonyme Commercial and Industrial Plastics is high growth as no earnings estimate data is available.
  • Unable to determine if Flexopack Société Anonyme Commercial and Industrial Plastics 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:FLEXO 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 Flexopack Société Anonyme Commercial and Industrial Plastics Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ATSE:FLEXO Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 0.60
2019-03-31 0.60
2018-12-31 0.61
2018-09-30 0.63
2018-06-30 0.66
2018-03-31 0.64
2017-12-31 0.63
2017-09-30 0.58
2017-06-30 0.53
2017-03-31 0.49
2016-12-31 0.44
2016-09-30 0.43

*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 Flexopack Société Anonyme Commercial and Industrial Plastics will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Flexopack Société Anonyme Commercial and Industrial Plastics's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Flexopack Société Anonyme Commercial and Industrial Plastics'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 Materials companies here
  3. Flexopack Société Anonyme Commercial and Industrial Plastics'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
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Future performance checks
We assess Flexopack Société Anonyme Commercial and Industrial Plastics'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.
Flexopack Société Anonyme Commercial and Industrial Plastics 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.

Past Performance

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

ATSE:FLEXO 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 87.85 7.01 10.64 1.22
2019-03-31 86.17 7.05 10.19 1.16
2018-12-31 84.49 7.10 9.74 1.09
2018-09-30 84.23 7.39 9.52 1.05
2018-06-30 83.97 7.69 9.29 1.02
2018-03-31 82.75 7.54 9.22 0.97
2017-12-31 81.52 7.38 9.15 0.93
2017-09-30 79.08 6.82 9.00 0.89
2017-06-30 76.64 6.25 8.85 0.86
2017-03-31 73.45 5.72 8.58 0.83
2016-12-31 70.25 5.19 8.32 0.81
2016-09-30 66.60 5.06 8.03 0.83
2016-06-30 64.81 4.21 7.28 0.90
2016-03-31 63.75 3.65 7.86 0.88
2015-12-31 61.20 3.69 7.50 0.86
2015-09-30 60.57 3.15 6.95 0.77
2015-06-30 59.38 3.27 6.93 0.59
2015-03-31 58.36 3.64 5.91 0.54
2014-12-31 58.27 3.69 5.48 0.49
2014-09-30 57.36 3.32 5.56 0.53
2014-06-30 55.50 3.36 5.42 0.52
2014-03-31 54.64 3.23 5.26 0.60
2013-12-31 54.57 2.32 5.38 0.66
2013-09-30 54.49 2.64 5.20 0.66
2013-06-30 54.79 2.94 5.10 0.70
2013-03-31 54.98 2.92 4.98 0.68
2012-12-31 54.07 3.50 4.90 0.59

*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.
  • Flexopack Société Anonyme Commercial and Industrial Plastics has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Flexopack Société Anonyme Commercial and Industrial Plastics used its assets more efficiently than the Europe Packaging industry average last year based on Return on Assets.
  • Flexopack Société Anonyme Commercial and Industrial Plastics's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Flexopack Société Anonyme Commercial and Industrial Plastics'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 Packaging 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.
Flexopack Société Anonyme Commercial and Industrial Plastics 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.

Health

 How is Flexopack Société Anonyme Commercial and Industrial Plastics'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 Flexopack Société Anonyme Commercial and Industrial Plastics's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Flexopack Société Anonyme Commercial and Industrial Plastics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Flexopack Société Anonyme Commercial and Industrial Plastics's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Flexopack Société Anonyme Commercial and Industrial Plastics'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 3.2x 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 Flexopack Société Anonyme Commercial and Industrial Plastics Company Filings, last reported 4 months ago.

ATSE:FLEXO Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 70.62 17.11 14.89
2019-03-31 70.62 17.11 14.89
2018-12-31 67.74 18.47 13.22
2018-09-30 67.74 18.47 13.22
2018-06-30 64.19 15.81 13.03
2018-03-31 64.19 15.81 13.03
2017-12-31 61.60 16.73 12.05
2017-09-30 61.60 16.73 12.05
2017-06-30 57.49 17.62 14.06
2017-03-31 57.49 17.62 14.06
2016-12-31 53.99 15.29 15.38
2016-09-30 53.99 15.29 15.38
2016-06-30 51.25 13.86 15.79
2016-03-31 51.25 13.86 15.79
2015-12-31 49.21 14.38 12.97
2015-09-30 47.85 14.65 15.48
2015-06-30 47.31 8.95 10.63
2015-03-31 47.93 9.04 10.37
2014-12-31 46.56 9.40 15.18
2014-09-30 45.87 9.60 14.75
2014-06-30 45.14 9.77 16.12
2014-03-31 45.26 9.99 15.44
2013-12-31 44.08 10.38 14.87
2013-09-30 43.55 10.80 14.39
2013-06-30 42.78 11.26 15.73
2013-03-31 43.08 11.67 14.76
2012-12-31 42.83 8.49 11.08
  • Flexopack Société Anonyme Commercial and Industrial Plastics's level of debt (24.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (21.6% vs 24.2% today).
  • Debt is well covered by operating cash flow (58.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 14.2x coverage).
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Financial health checks
We assess Flexopack Société Anonyme Commercial and Industrial Plastics'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. Flexopack Société Anonyme Commercial and Industrial Plastics has a total score of 5/6, 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.

Dividends

 What is Flexopack Société Anonyme Commercial and Industrial Plastics'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
0.87%
Current annual income from Flexopack Société Anonyme Commercial and Industrial Plastics dividends.
If you bought €2,000 of Flexopack Société Anonyme Commercial and Industrial Plastics shares you are expected to receive €17 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?
  • Flexopack Société Anonyme Commercial and Industrial Plastics's pays a lower dividend yield than the bottom 25% of dividend payers in Greece (1.88%).
  • Flexopack Société Anonyme Commercial and Industrial Plastics's dividend is below the markets top 25% of dividend payers in Greece (3.8%).
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:FLEXO 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 Packaging Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 2.8%
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 3.8%

Industry and Market average data is calculated daily.

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

ATSE:FLEXO Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-23 0.060 0.859
2018-04-19 0.050 0.713
2016-03-29 0.090 2.836
2015-03-19 0.050 1.805
2011-11-24 0.000 0.000
2011-10-17 0.000 0.000
2011-08-25 0.000 0.000
2011-05-25 0.000 0.000
2011-03-28 0.000 0.000
2009-12-31 0.050 0.615
2009-03-03 0.056 0.725

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

  • Flexopack Société Anonyme Commercial and Industrial Plastics is not paying a notable dividend for Greece, therefore no need to check if the payments are stable.
  • Flexopack Société Anonyme Commercial and Industrial Plastics is not paying a notable dividend for Greece, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Flexopack Société Anonyme Commercial and Industrial Plastics's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Flexopack Société Anonyme Commercial and Industrial Plastics's dividends as it is not paying a notable one for Greece.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
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Income/ dividend checks
We assess Flexopack Société Anonyme Commercial and Industrial Plastics'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 Flexopack Société Anonyme Commercial and Industrial Plastics afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Flexopack Société Anonyme Commercial and Industrial Plastics 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.

Management

 What is the CEO of Flexopack Société Anonyme Commercial and Industrial Plastics'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
George Ginosatis
CEO Bio

Mr. Georgios S. Ginosatis, also known as George, serves as the Chairman, Chief Executive Officer, President and Managing Director at Flexopack Sociéte Anonyme Commercial and Industrial Plastics Company.

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

George Ginosatis

TITLE
Chairman

Stamatios Ginosatis

TITLE
Vice Chairman

Anastasios Lymberopoulos

TITLE
Chief Financial Officer

Asimina Ginosati

TITLE
Executive Director

Stamatina Ginosati

TITLE
Executive Board Member
Board of Directors Tenure

Average tenure of the Flexopack Société Anonyme Commercial and Industrial Plastics board of directors in years:

2.2
Average Tenure
  • The average tenure for the Flexopack Société Anonyme Commercial and Industrial Plastics board of directors is less than 3 years, this suggests a new board.
Board of Directors

George Ginosatis

TITLE
Chairman

Stamatios Ginosatis

TITLE
Vice Chairman

Asimina Ginosati

TITLE
Executive Director

Stamatina Ginosati

TITLE
Executive Board Member
TENURE
2.2 yrs

Nikolaos Reggos

TITLE
Independent Non-Executive Director

Nikolaos Vlachos

TITLE
Non-Executive Director

Dimitrios Ginosatis

TITLE
Non-Executive Member
TENURE
2.2 yrs

Spyridon Ginosatis

TITLE
Non-Executive Member
TENURE
2.2 yrs

Aliki Benroumpi

TITLE
Independent Non-Executive Member
TENURE
0.8 yrs
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 Flexopack Société Anonyme Commercial and Industrial Plastics'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. Flexopack Société Anonyme Commercial and Industrial Plastics 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.

News

Simply Wall St News

Flexopack Société Anonyme Commercial and Industrial Plastics (ATH:FLEXO) Shareholders Have Enjoyed An Impressive 200% Share Price Gain

To wit, the Flexopack Société Anonyme Commercial and Industrial Plastics Company (ATH:FLEXO) share price has flown 200% in the last three years. … Flexopack Société Anonyme Commercial and Industrial Plastics was able to grow its EPS at 24% per year over three years, sending the share price higher. … We note that for Flexopack Société Anonyme Commercial and Industrial Plastics the TSR over the last 3 years was 205%, which is better than the share price return mentioned above.

Simply Wall St -

Here’s What Flexopack Société Anonyme Commercial and Industrial Plastics Company’s (ATH:FLEXO) Return On Capital Can Tell Us

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Flexopack Société Anonyme Commercial and Industrial Plastics: 0.12 = €10m ÷ (€110m - €23m) (Based on the trailing twelve months to December 2018.) Therefore, Flexopack Société Anonyme Commercial and Industrial Plastics has an ROCE of 12%. … See our latest analysis for Flexopack Société Anonyme Commercial and Industrial Plastics Is Flexopack Société Anonyme Commercial and Industrial Plastics's ROCE Good? … How Flexopack Société Anonyme Commercial and Industrial Plastics's Current Liabilities Impact Its ROCE Liabilities, such as supplier bills and bank overdrafts, are referred to as current liabilities if they need to be paid within 12 months.

Simply Wall St -

Is Flexopack Société Anonyme Commercial and Industrial Plastics (ATH:FLEXO) A Risky Investment?

We can see that Flexopack Société Anonyme Commercial and Industrial Plastics Company (ATH:FLEXO) does use debt in its business. … ATSE:FLEXO Historical Debt, August 1st 2019 A Look At Flexopack Société Anonyme Commercial and Industrial Plastics's Liabilities The latest balance sheet data shows that Flexopack Société Anonyme Commercial and Industrial Plastics had liabilities of €23.3m due within a year, and liabilities of €19.4m falling due after that. … Over the last three years, Flexopack Société Anonyme Commercial and Industrial Plastics recorded negative free cash flow, in total.

Simply Wall St -

Do You Like Flexopack Société Anonyme Commercial and Industrial Plastics Company (ATH:FLEXO) At This P/E Ratio?

We'll look at Flexopack Société Anonyme Commercial and Industrial Plastics Company's (ATH:FLEXO) P/E ratio and reflect on what it tells us about the company's share price. … Check out our latest analysis for Flexopack Société Anonyme Commercial and Industrial Plastics How Do I Calculate A Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Flexopack Société Anonyme Commercial and Industrial Plastics: P/E of 12.06 = €7.3 ÷ €0.61 (Based on the year to December 2018.) Is A High P/E Ratio Good?

Simply Wall St -

Did Flexopack Société Anonyme Commercial and Industrial Plastics Company (ATH:FLEXO) Use Debt To Deliver Its ROE Of 10%?

See our latest analysis for Flexopack Société Anonyme Commercial and Industrial Plastics How Do I Calculate Return On Equity? … The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Flexopack Société Anonyme Commercial and Industrial Plastics: 10% = €7.1m ÷ €68m (Based on the trailing twelve months to December 2018.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Combining Flexopack Société Anonyme Commercial and Industrial Plastics's Debt And Its 10% Return On Equity Flexopack Société Anonyme Commercial and Industrial Plastics has a debt to equity ratio of 0.27, which is far from excessive.

Simply Wall St -

Flexopack Société Anonyme Commercial and Industrial Plastics Company (ATH:FLEXO): Does The -3.9% Earnings Drop Reflect A Longer Term Trend?

View our latest analysis for Flexopack Société Anonyme Commercial and Industrial Plastics Was FLEXO's recent earnings decline indicative of a tough track record? … However, its return on assets (ROA) of 7.0% exceeds the GR Packaging industry of 5.7%, indicating Flexopack Société Anonyme Commercial and Industrial Plastics has used its assets more efficiently. … I suggest you continue to research Flexopack Société Anonyme Commercial and Industrial Plastics to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for FLEXO’s future growth?

Simply Wall St -

How Good Is Flexopack Société Anonyme Commercial and Industrial Plastics Company (ATH:FLEXO) At Creating Shareholder Value?

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 Flexopack Société Anonyme Commercial and Industrial Plastics: 0.12 = €10m ÷ (€110m - €23m) (Based on the trailing twelve months to December 2018.) Therefore, Flexopack Société Anonyme Commercial and Industrial Plastics has an ROCE of 12%. … Do Flexopack Société Anonyme Commercial and Industrial Plastics's Current Liabilities Skew Its ROCE? … Flexopack Société Anonyme Commercial and Industrial Plastics has total assets of €110m and current liabilities of €23m.

Simply Wall St -

Estimating The Fair Value Of Flexopack Société Anonyme Commercial and Industrial Plastics Company (ATH:FLEXO)

Today we will run through one way of estimating the intrinsic value of Flexopack Société Anonyme Commercial and Industrial Plastics Company (ATH:FLEXO). … View our latest analysis for Flexopack Société Anonyme Commercial and Industrial Plastics. … We're using the 2-stage growth model, which simply means we take in account two stages of company's growth

Simply Wall St -

Shareholders Are Thrilled That The Flexopack Société Anonyme Commercial and Industrial Plastics (ATH:FLEXO) Share Price Increased 215%

For instance the Flexopack Société Anonyme Commercial and Industrial Plastics Company (ATH:FLEXO) share price is 215% higher than it was three years ago. … See our latest analysis for Flexopack Société Anonyme Commercial and Industrial Plastics. … During three years of share price growth, Flexopack Société Anonyme Commercial and Industrial Plastics achieved compound earnings per share growth of 33% per year.

Simply Wall St -

How Financially Strong Is Flexopack Société Anonyme Commercial and Industrial Plastics Company (ATH:FLEXO)?

While small-cap stocks, such as Flexopack Société Anonyme Commercial and Industrial Plastics Company (ATH:FLEXO) with its market cap of €91m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is

Simply Wall St -

Company Info

Description

Flexopack Société Anonyme Commercial and Industrial Plastics Company manufactures and sells flexible plastic packaging materials in Greece, Europe, and internationally. It primarily offers barrier and non-barrier films. The company’s products include shrink bags and films, skin films, thermoforming films, lidding films, and vacuum pouches; lamination films; and multi-layer co-extrusion films. It serves food, printing/conversion, and personal care packaging industries. The company was founded in 1979 and is based in Koropi, Greece.

Details
Name: Flexopack Société Anonyme Commercial and Industrial Plastics Company
FLEXO
Exchange: ATSE
Founded: 1979
€80,868,165
11,720,024
Website: http://www.flexopack.com
Address: Flexopack Société Anonyme Commercial and Industrial Plastics Company
Ifestou 36,
Thesi Tzima,
Koropi,
194 00,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ATSE FLEXO Common Shares The Athens Stock Exchange GR EUR 03. Apr 1996
LSE 0EH2 Common Shares London Stock Exchange GB EUR 03. Apr 1996
Number of employees
Current staff
Staff numbers
403
Flexopack Société Anonyme Commercial and Industrial Plastics employees.
Industry
Paper Packaging
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 20:52
End of day share price update: 2019/11/19 00:00
Last earnings filing: 2019/09/13
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.