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PaperpackE.E

ATSE:PPAK
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PPAK
ATSE
€20M
Market Cap
  1. Home
  2. GR
  3. Materials
Company description

Paperpack A.B.E.E. operates in the carton packaging industry in Greece. The last earnings update was 12 days ago. More info.


Add to Portfolio Compare Print
  • PaperpackE.E has significant price volatility in the past 3 months.
PPAK Share Price and Events
7 Day Returns
-2.9%
ATSE:PPAK
3.9%
GR Packaging
-2.3%
GR Market
1 Year Returns
64.5%
ATSE:PPAK
19.7%
GR Packaging
31.1%
GR Market
PPAK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PaperpackE.E (PPAK) -2.9% 2% 32.1% 64.5% 240% 496.5%
GR Packaging 3.9% 3.5% 2.2% 19.7% 128.1% 166.3%
GR Market -2.3% 1% 6.9% 31.1% 48.4% -75%
1 Year Return vs Industry and Market
  • PPAK outperformed the Packaging industry which returned 19.7% over the past year.
  • PPAK outperformed the Market in Greece which returned 31.1% over the past year.

PPAK Value

 Is PaperpackE.E 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 PaperpackE.E 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 PaperpackE.E.

ATSE:PPAK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 20.8%
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:PPAK
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 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.856 (1 + (1- 29%) (38.11%))
1.059
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 4.93% + (1.059 * 14.99%)
20.8%

Discounted Cash Flow Calculation for ATSE:PPAK using 2 Stage Free Cash Flow to Equity Model

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

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

ATSE:PPAK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 20.8%)
2020 3.14 Est @ 45.94% 2.60
2021 4.20 Est @ 33.64% 2.88
2022 5.25 Est @ 25.02% 2.98
2023 6.25 Est @ 19% 2.93
2024 7.17 Est @ 14.78% 2.79
2025 8.02 Est @ 11.82% 2.58
2026 8.80 Est @ 9.76% 2.34
2027 9.53 Est @ 8.31% 2.10
2028 10.23 Est @ 7.3% 1.87
2029 10.90 Est @ 6.59% 1.65
Present value of next 10 years cash flows €24.00
ATSE:PPAK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €10.90 × (1 + 4.93%) ÷ (20.8% – 4.93%)
€72.08
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €72.08 ÷ (1 + 20.8%)10
€10.89
ATSE:PPAK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €24.00 + €10.89
€34.89
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €34.89 / 3.95
€8.83
ATSE:PPAK Discount to Share Price
Calculation Result
Value per share (EUR) From above. €8.83
Current discount Discount to share price of €5.10
= -1 x (€5.10 - €8.83) / €8.83
42.2%

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

Current Discount
Amount off the current price PaperpackE.E is available for.
Intrinsic value
42%
Share price is €5.1 vs Future cash flow value of €8.83
Current Discount Checks
For PaperpackE.E to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • PaperpackE.E's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • PaperpackE.E's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 PaperpackE.E's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PaperpackE.E's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ATSE:PPAK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €0.38
ATSE:PPAK Share Price ** ATSE (2019-11-11) in EUR €5.1
Europe Packaging Industry PE Ratio Median Figure of 30 Publicly-Listed Packaging Companies 15.7x
Greece Market PE Ratio Median Figure of 92 Publicly-Listed Companies 16.55x

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

** Primary Listing of PaperpackE.E.

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

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

= 5.1 ÷ 0.38

13.6x

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

  • PaperpackE.E is good value based on earnings compared to the Europe Packaging industry average.
  • PaperpackE.E is good value based on earnings compared to the Greece market.
Price based on expected Growth
Does PaperpackE.E's expected growth come at a high price?
Raw Data
ATSE:PPAK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-9.9%per year
Europe Packaging Industry PEG Ratio Median Figure of 14 Publicly-Listed Packaging Companies 1.62x
Greece Market PEG Ratio Median Figure of 26 Publicly-Listed Companies 1.05x

*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 PaperpackE.E, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on PaperpackE.E's assets?
Raw Data
ATSE:PPAK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €1.54
ATSE:PPAK Share Price * ATSE (2019-11-11) in EUR €5.1
Greece Packaging Industry PB Ratio Median Figure of 5 Publicly-Listed Packaging Companies 0.84x
Greece Market PB Ratio Median Figure of 134 Publicly-Listed Companies 0.9x
ATSE:PPAK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 5.1 ÷ 1.54

3.32x

* Primary Listing of PaperpackE.E.

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

  • PaperpackE.E is overvalued based on assets compared to the GR Packaging industry average.
X
Value checks
We assess PaperpackE.E'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. PaperpackE.E has a total score of 4/6, 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.

PPAK Future Performance

 How is PaperpackE.E expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover PaperpackE.E, 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
-9.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PaperpackE.E expected to grow at an attractive rate?
  • PaperpackE.E's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 4.9%.
Growth vs Market Checks
  • PaperpackE.E's earnings are expected to decrease over the next 1-3 years, this is below the Greece market average.
  • Unable to compare PaperpackE.E's revenue growth to the Greece market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ATSE:PPAK Future Growth Rates Data Sources
Data Point Source Value (per year)
ATSE:PPAK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -9.9%
Europe Packaging Industry Earnings Growth Rate Market Cap Weighted Average 16%
Europe Packaging Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
Greece Market Earnings Growth Rate Market Cap Weighted Average 17.8%
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:PPAK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month 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:PPAK Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 18 4 1
2019-06-30 18 4 1
2019-03-31 17 2 1
2018-12-31 17 1 1
2018-09-30 16 1 1
2018-06-30 17 0 1
2018-03-31 16 0 1
2017-12-31 16 1 1
2017-09-30 15 2 1
2017-06-30 15 3 1
2017-03-31 15 2 1
2016-12-31 15 2 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • PaperpackE.E's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if PaperpackE.E 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:PPAK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from PaperpackE.E Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ATSE:PPAK Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 0.38
2019-06-30 0.37
2019-03-31 0.29
2018-12-31 0.20
2018-09-30 0.24
2018-06-30 0.35
2018-03-31 0.36
2017-12-31 0.35
2017-09-30 0.37
2017-06-30 0.28
2017-03-31 0.34
2016-12-31 0.34

*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 PaperpackE.E will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess PaperpackE.E'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.
PaperpackE.E 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.

PPAK Past Performance

  How has PaperpackE.E 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 PaperpackE.E'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.
  • PaperpackE.E's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • PaperpackE.E's 1-year earnings growth exceeds its 5-year average (57.3% vs -1%)
  • PaperpackE.E's earnings growth has exceeded the Europe Packaging industry average in the past year (57.3% vs -0.5%).
Earnings and Revenue History
PaperpackE.E'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 PaperpackE.E Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ATSE:PPAK 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 18.31 1.48 2.63
2019-06-30 18.01 1.45 2.80 0.00
2019-03-31 17.38 1.13 2.63
2018-12-31 16.62 0.77 2.63
2018-09-30 16.49 0.94 2.51 0.00
2018-06-30 16.58 1.39 2.59 0.00
2018-03-31 16.33 1.42 2.51 0.00
2017-12-31 15.69 1.39 2.51 0.00
2017-09-30 15.35 1.45 2.31 0.00
2017-06-30 14.90 1.12 2.31 0.00
2017-03-31 15.15 1.35 2.31 0.00
2016-12-31 15.25 1.35 2.31 0.00
2016-09-30 15.30 1.32 0.50 0.00
2016-06-30 14.99 1.30 2.34 0.00
2016-03-31 14.43 1.15 1.65 0.00
2015-12-31 14.14 1.25 2.25 0.00
2015-09-30 13.92 1.24 2.12 0.00
2015-06-30 14.02 1.35 2.13 0.00
2015-03-31 14.09 1.49 2.10 0.00
2014-12-31 13.98 1.29 2.13 0.00
2014-09-30 14.17 1.20 2.40 0.00
2014-06-30 14.24 0.86 2.46 0.00
2014-03-31 14.17 0.60 2.44 0.00
2013-12-31 14.20 0.76 2.40 0.00
2013-09-30 13.66 -0.44 2.08 0.00
2013-06-30 13.33 -0.42 1.99 0.00
2013-03-31 13.24 -0.54 1.93 0.00
2012-12-31 13.29 -0.98 2.00 0.00

*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.
  • PaperpackE.E has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • PaperpackE.E used its assets more efficiently than the Europe Packaging industry average last year based on Return on Assets.
  • PaperpackE.E's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess PaperpackE.E'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.
PaperpackE.E 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.

PPAK Health

 How is PaperpackE.E'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 PaperpackE.E's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PaperpackE.E is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • PaperpackE.E's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of PaperpackE.E'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 3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

All data from PaperpackE.E Company Filings, last reported 1 month ago.

ATSE:PPAK Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 6.08 4.17 2.09
2019-06-30 5.89 3.44 2.08
2019-03-31 5.98 5.10 1.80
2018-12-31 5.31 4.52 1.73
2018-09-30 5.20 8.00 2.37
2018-06-30 5.84 5.53 3.18
2018-03-31 6.32 8.78 3.62
2017-12-31 6.00 4.44 3.24
2017-09-30 5.72 6.78 3.36
2017-06-30 5.12 4.43 3.58
2017-03-31 5.39 4.42 3.00
2016-12-31 5.09 4.88 2.62
2016-09-30
2016-06-30 4.68 5.23 2.21
2016-03-31 4.38 5.29 2.43
2015-12-31 4.38 5.29 2.43
2015-09-30 4.07 5.96 3.11
2015-06-30 3.82 5.73 2.91
2015-03-31 3.80 5.73 2.15
2014-12-31 3.40 6.05 2.66
2014-09-30 3.12 5.95 2.57
2014-06-30 2.76 6.13 2.21
2014-03-31 2.33 6.30 2.65
2013-12-31 2.14 6.72 2.52
2013-09-30 1.92 6.47 2.47
2013-06-30 1.90 7.58 3.53
2013-03-31 1.37 7.81 2.38
2012-12-31 1.37 7.81 2.38
  • PaperpackE.E's level of debt (53.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (190.5% vs 53.4% today).
  • Debt is well covered by operating cash flow (121.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8x coverage).
X
Financial health checks
We assess PaperpackE.E'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. PaperpackE.E 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.

PPAK Dividends

 What is PaperpackE.E's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.94%
Current annual income from PaperpackE.E dividends.
If you bought €2,000 of PaperpackE.E shares you are expected to receive €59 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?
  • PaperpackE.E's pays a higher dividend yield than the bottom 25% of dividend payers in Greece (1.92%).
  • PaperpackE.E's dividend is below the markets top 25% of dividend payers in Greece (3.69%).
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:PPAK 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 2.9%
Greece Market Average Dividend Yield Market Cap Weighted Average of 50 Stocks 4%
Greece Minimum Threshold Dividend Yield 10th Percentile 1.2%
Greece Bottom 25% Dividend Yield 25th Percentile 1.9%
Greece Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

ATSE:PPAK Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-29 0.150 3.867
2018-03-20 0.160 4.822
2017-03-30 0.120 5.336
2016-03-18 0.110 8.769
2015-03-12 0.067 6.987

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

  • Whilst dividend payments have been stable, PaperpackE.E has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but PaperpackE.E only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of PaperpackE.E's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x 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 PaperpackE.E's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 PaperpackE.E afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PaperpackE.E 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.

PPAK Management

 What is the CEO of PaperpackE.E'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
Ioannis John Tsoukaridis
CEO Bio

Mr. Ioannis John P. Tsoukaridis serves as Managing Director at Paperpack A.B.E.E. and has been its Chairman of the Board since 1996. Mr. Tsoukaridis served as Chief Executive Officer at Paperpack A.B.E.E. from 1996 to September 14, 2016 and its General Manager from 1979 to September 14, 2016.

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

Average tenure of the PaperpackE.E management team in years:

3.2
Average Tenure
  • The tenure for the PaperpackE.E management team is about average.
Management Team

Ioannis John Tsoukaridis

TITLE
Chairman & MD

Nikolaos Zetos

TITLE
Deputy CEO

Anna Rafailidi

TITLE
Head of Investor Relations & Corporate Communications and Shareholder & Company Announcements Depar

Constantine Papagiannis

TITLE
Sales Manager
TENURE
3.2 yrs

Julianna Tsoukaridi

TITLE
Deputy CEO
TENURE
3.2 yrs

Dimitrios Tsiftsis

TITLE
General Director
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure of the PaperpackE.E board of directors in years:

3.4
Average Tenure
  • The tenure for the PaperpackE.E board of directors is about average.
Board of Directors

Korina Fasouli - Grafanaki

TITLE
Vice Chairman

Ioannis John Tsoukaridis

TITLE
Chairman & MD
TENURE
23.8 yrs

Nikolaos Zetos

TITLE
Deputy CEO

Julianna Tsoukaridi

TITLE
Deputy CEO
TENURE
10.4 yrs

Titos Vasilopoulos

TITLE
Independent & Non-Executive Director

Lambros Fragos

TITLE
Non-Executive Director

Dimitrios Antonakos

TITLE
Independent & Non-Executive Director
TENURE
3.4 yrs

Sami David

TITLE
Non-Executive Director
TENURE
0.5 yrs

Dimitrios Ladopoulos

TITLE
Non-Executive Director
TENURE
0.5 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 PaperpackE.E'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. PaperpackE.E 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.

PPAK News

Simply Wall St News

How Does PaperpackE.E's (ATH:PPAK) P/E Compare To Its Industry, After Its Big Share Price Gain?

While the market sentiment towards a stock is very changeable, in the long run, the share price will tend to move in the same direction as earnings per share. … Perhaps the simplest way to get a read on investors' expectations of a business is to look at its Price to Earnings Ratio (PE Ratio). … If the reality for a company is not as bad as the P/E ratio indicates, then the share price should increase as the market realizes this.

Simply Wall St -

PaperpackE.E (ATH:PPAK) Has A Somewhat Strained Balance Sheet

ATSE:PPAK Historical Debt, August 27th 2019 How Healthy Is PaperpackE.E's Balance Sheet? … Debt is far more risky for companies with unreliable free cash flow, so shareholders should be hoping that the past expenditure will produce free cash flow in the future. … If you're interested in investing in businesses that can grow profits without the burden of debt, then check out this free list of growing businesses that have net cash on the balance sheet.

Simply Wall St -

PaperpackE.E (ATH:PPAK) Shareholders Have Enjoyed A Whopping 340% Share Price Gain

One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … Over half a decade, PaperpackE.E managed to grow its earnings per share at 13% a year. … This EPS growth is slower than the share price growth of 34% per year, over the same period.

Simply Wall St -

Do You Know What Paperpack A.B.E.E.'s (ATH:PPAK) P/E Ratio Means?

Check out our latest analysis for PaperpackE.E How Do I Calculate A Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for PaperpackE.E: P/E of 12.35 = €3.52 ÷ €0.29 (Based on the year to March 2019.) Is A High P/E Ratio Good? … All else being equal, it's better to pay a low price -- but as Warren Buffett said, 'It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.' How Does PaperpackE.E's P/E Ratio Compare To Its Peers?

Simply Wall St -

Why We Like Paperpack A.B.E.E.’s (ATH:PPAK) 15% Return On Capital Employed

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … 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 PaperpackE.E: 0.15 = €2.0m ÷ (€20m - €6.3m) (Based on the trailing twelve months to March 2019.) Therefore, PaperpackE.E has an ROCE of 15%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

A Closer Look At Paperpack A.B.E.E.'s (ATH:PPAK) Impressive ROE

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for PaperpackE.E: 19% = €1.1m ÷ €6.0m (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … How Does Debt Impact Return On Equity? … Companies that can achieve high returns on equity without too much debt are generally of good quality.

Simply Wall St -

Something To Consider Before Buying Paperpack A.B.E.E. (ATH:PPAK) For The 5.0% Dividend

In this case, PaperpackE.E likely looks attractive to dividend investors, given its 5.0% dividend yield and four-year payment history. … Click the interactive chart for our full dividend analysis … ATSE:PPAK Historical Dividend Yield, April 24th 2019

Simply Wall St -

Are Paperpack A.B.E.E.’s (ATH:PPAK) Returns On Investment Worth Your While?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Here's What Paperpack A.B.E.E.'s (ATH:PPAK) P/E Ratio Is Telling Us

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … PaperpackE.E has a price to earnings ratio of 13.68, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Should You Be Excited About Paperpack A.B.E.E.'s (ATH:PPAK) 18% Return On Equity?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … How Do I Calculate Return On Equity … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

PPAK Company Info

Description

Paperpack A.B.E.E. operates in the carton packaging industry in Greece. The company offers packaging materials for use in brochures, food, cigarettes, drinks and beverages, personal hygiene, cosmetics, pharmaceutical products, general packaging, and display. It also provides printing using CAD CAM systems through the processing of electronic files, inserts, electronic montage, and separations with conventional or stochastic screening. The company also exports its products to approximately 40 countries. The company was formerly known as TSOUKARIDIS J. CARTON PACKAGING INDUSTRY and changed its name to Paperpack A.B.E.E. in February 1999. Paperpack A.B.E.E. was founded in 1891 and is based in Kifissia, Greece.

Details
Name: Paperpack A.B.E.E.
PPAK
Exchange: ATSE
Founded: 1891
€20,160,759
3,953,090
Website: http://www.paperpack.gr
Address: Paperpack A.B.E.E.
Viltanioti 24,
Kifissia,
145 64,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ATSE PPAK Ordinary Shares The Athens Stock Exchange GR EUR 19. Oct 2000
Number of employees
Current staff
Staff numbers
0
PaperpackE.E employees.
Industry
Paper Packaging
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/12 20:40
End of day share price update: 2019/11/11 00:00
Last earnings filing: 2019/10/31
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.