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VIS Containers Manufacturing

ATSE:VIS
Snowflake Description

Imperfect balance sheet and overvalued.

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

VIS Containers Manufacturing Co. Ltd designs, manufactures, and markets paper packaging materials in Europe. The last earnings update was 44 days ago. More info.


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VIS Share Price and Events
7 Day Returns
0%
ATSE:VIS
0.6%
GR Packaging
-0.6%
GR Market
1 Year Returns
5.9%
ATSE:VIS
20.6%
GR Packaging
30.5%
GR Market
VIS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
VIS Containers Manufacturing (VIS) 0% 10% 7.6% 5.9% 22.1% 17.7%
GR Packaging 0.6% 3.9% -0.6% 20.6% 128.7% 169.9%
GR Market -0.6% 2.1% 10.9% 30.5% 50.9% -76.2%
1 Year Return vs Industry and Market
  • VIS underperformed the Packaging industry which returned 20.6% over the past year.
  • VIS underperformed the Market in Greece which returned 30.5% over the past year.

VIS Value

 Is VIS Containers Manufacturing 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 VIS Containers Manufacturing 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 VIS Containers Manufacturing.

ATSE:VIS 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 34.9%
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:VIS
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))
= 0.858 (1 + (1- 29%) (268.85%))
2.002
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 4.93% + (2 * 14.99%)
34.91%

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

The calculations below outline how an intrinsic value for VIS Containers Manufacturing 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:VIS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 34.91%)
2020 1.22 Est @ 40.79% 0.91
2021 1.59 Est @ 30.04% 0.87
2022 1.95 Est @ 22.5% 0.79
2023 2.29 Est @ 17.23% 0.69
2024 2.60 Est @ 13.54% 0.58
2025 2.88 Est @ 10.96% 0.48
2026 3.14 Est @ 9.15% 0.39
2027 3.39 Est @ 7.89% 0.31
2028 3.63 Est @ 7% 0.25
2029 3.86 Est @ 6.38% 0.19
Present value of next 10 years cash flows €5.00
ATSE:VIS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €3.86 × (1 + 4.93%) ÷ (34.91% – 4.93%)
€13.51
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €13.51 ÷ (1 + 34.91%)10
€0.68
ATSE:VIS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €5.00 + €0.68
€5.68
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €5.68 / 4.97
€1.14
ATSE:VIS Discount to Share Price
Calculation Result
Value per share (EUR) From above. €1.14
Current discount Discount to share price of €0.99
= -1 x (€0.99 - €1.14) / €1.14
13.3%

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

Current Discount
Amount off the current price VIS Containers Manufacturing is available for.
Intrinsic value
13%
Share price is €0.99 vs Future cash flow value of €1.14
Current Discount Checks
For VIS Containers Manufacturing to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • VIS Containers Manufacturing's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • VIS Containers Manufacturing's share price is below the future cash flow value, but not 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 VIS Containers Manufacturing's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are VIS Containers Manufacturing's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ATSE:VIS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €-0.57
ATSE:VIS Share Price ** ATSE (2019-11-13) in EUR €0.99
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 16.65x

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

** Primary Listing of VIS Containers Manufacturing.

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

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

= 0.99 ÷ -0.57

-1.75x

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

  • VIS Containers Manufacturing is loss making, we can't compare its value to the Europe Packaging industry average.
  • VIS Containers Manufacturing is loss making, we can't compare the value of its earnings to the Greece market.
Price based on expected Growth
Does VIS Containers Manufacturing's expected growth come at a high price?
Raw Data
ATSE:VIS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.75x
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 14 Publicly-Listed Packaging Companies 1.72x
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 VIS Containers Manufacturing, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on VIS Containers Manufacturing's assets?
Raw Data
ATSE:VIS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €1.39
ATSE:VIS Share Price * ATSE (2019-11-13) in EUR €0.99
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:VIS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.99 ÷ 1.39

0.71x

* Primary Listing of VIS Containers Manufacturing.

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

  • VIS Containers Manufacturing is good value based on assets compared to the GR Packaging industry average.
X
Value checks
We assess VIS Containers Manufacturing'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. VIS Containers Manufacturing 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.

VIS Future Performance

 How is VIS Containers Manufacturing 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 VIS Containers Manufacturing 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
16%
Expected Packaging industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is VIS Containers Manufacturing expected to grow at an attractive rate?
  • Unable to compare VIS Containers Manufacturing's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare VIS Containers Manufacturing's earnings growth to the Greece market average as no estimate data is available.
  • Unable to compare VIS Containers Manufacturing's revenue growth to the Greece market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ATSE:VIS Future Growth Rates Data Sources
Data Point Source Value (per year)
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 18.1%
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:VIS 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:VIS Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 14 1 -3
2019-03-31 16 1 -3
2018-12-31 17 0 -3
2018-09-30 18 0 -2
2018-06-30 19 0 -2
2018-03-31 20 0 -1
2017-12-31 20 1 -1
2017-09-30 21 1 -1
2017-06-30 21 1 0
2017-03-31 22 0 0
2016-12-31 23 0 0
2016-09-30 21 0 -1

*GAAP earnings excluding extraordinary items.

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

ATSE:VIS Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 -0.57
2019-03-31 -0.54
2018-12-31 -0.52
2018-09-30 -0.44
2018-06-30 -0.36
2018-03-31 -0.29
2017-12-31 -0.22
2017-09-30 -0.15
2017-06-30 -0.09
2017-03-31 -0.01
2016-12-31 0.07
2016-09-30 -0.19

*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 VIS Containers Manufacturing will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. VIS Containers Manufacturing'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
  2. VIS Containers Manufacturing's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess VIS Containers Manufacturing'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.
VIS Containers Manufacturing 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.

VIS Past Performance

  How has VIS Containers Manufacturing 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 VIS Containers Manufacturing'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.
  • VIS Containers Manufacturing does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare VIS Containers Manufacturing's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare VIS Containers Manufacturing's 1-year growth to the Europe Packaging industry average as it is not currently profitable.
Earnings and Revenue History
VIS Containers Manufacturing'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 VIS Containers Manufacturing Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ATSE:VIS 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 14.45 -2.81 2.57
2019-03-31 15.70 -2.69 2.67
2018-12-31 16.96 -2.57 2.77
2018-09-30 18.17 -2.19 2.83
2018-06-30 19.39 -1.80 2.89
2018-03-31 19.73 -1.45 2.90
2017-12-31 20.06 -1.10 2.91
2017-09-30 20.52 -0.77 2.89
2017-06-30 20.97 -0.43 2.86
2017-03-31 21.91 -0.04 2.88
2016-12-31 22.85 0.36 2.90
2016-09-30 21.34 -0.96 2.86
2016-06-30 21.64 -1.35 2.97
2016-03-31 21.86 -1.87 3.09
2015-12-31 21.56 -2.19 3.05
2015-09-30 23.65 -0.96 3.30
2015-06-30 23.80 -0.72 3.34
2015-03-31 23.56 -0.42 3.31
2014-12-31 23.19 -0.37 3.35
2014-09-30 22.43 -0.36 3.19
2014-06-30 22.73 -0.63 3.23
2014-03-31 23.31 -0.60 3.25
2013-12-31 23.88 -0.66 3.24
2013-09-30 25.07 -0.83 3.41
2013-06-30 25.32 -1.08 3.32
2013-03-31 25.01 -1.19 3.32
2012-12-31 25.23 -1.12 3.36

*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.
  • It is difficult to establish if VIS Containers Manufacturing has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if VIS Containers Manufacturing has efficiently used its assets last year compared to the Europe Packaging industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if VIS Containers Manufacturing improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess VIS Containers Manufacturing'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.
VIS Containers Manufacturing has a total score of 0/6, 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.

VIS Health

 How is VIS Containers Manufacturing'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 VIS Containers Manufacturing's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • VIS Containers Manufacturing's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • VIS Containers Manufacturing's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of VIS Containers Manufacturing'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 not covered by short term assets, assets are 0.8x 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 VIS Containers Manufacturing Company Filings, last reported 4 months ago.

ATSE:VIS Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 6.88 13.08 0.09
2019-03-31 6.88 13.08 0.09
2018-12-31 8.26 13.80 0.01
2018-09-30 8.26 13.80 0.01
2018-06-30 9.70 14.15 0.14
2018-03-31 9.70 14.15 0.14
2017-12-31 10.84 13.74 0.05
2017-09-30 10.84 13.74 0.05
2017-06-30 11.50 13.54 0.04
2017-03-31 11.50 13.54 0.04
2016-12-31 11.94 13.97 0.06
2016-09-30 11.94 13.97 0.06
2016-06-30 11.93 13.65 0.03
2016-03-31 11.93 13.65 0.03
2015-12-31 12.22 13.45 0.22
2015-09-30 13.53 13.96 0.39
2015-06-30 13.92 15.10 0.41
2015-03-31 14.26 14.79 0.23
2014-12-31 14.41 14.66 0.21
2014-09-30 14.50 14.57 0.40
2014-06-30 14.65 15.71 0.76
2014-03-31 14.69 15.75 0.67
2013-12-31 14.79 15.62 0.38
2013-09-30 14.87 15.32 0.52
2013-06-30 15.29 16.12 0.23
2013-03-31 15.30 16.03 0.19
2012-12-31 15.47 16.26 0.34
  • VIS Containers Manufacturing's level of debt (190%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (106.8% vs 190% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making VIS Containers Manufacturing has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making VIS Containers Manufacturing has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -17.4% per year.
X
Financial health checks
We assess VIS Containers Manufacturing'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. VIS Containers Manufacturing has a total score of 2/6, 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.

VIS Dividends

 What is VIS Containers Manufacturing's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from VIS Containers Manufacturing dividends.
If you bought €2,000 of VIS Containers Manufacturing shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate VIS Containers Manufacturing's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate VIS Containers Manufacturing's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ATSE:VIS 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.

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

  • Unable to perform a dividend volatility check as VIS Containers Manufacturing has not reported any payouts.
  • Unable to verify if VIS Containers Manufacturing's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of VIS Containers Manufacturing's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as VIS Containers Manufacturing has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess VIS Containers Manufacturing'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 VIS Containers Manufacturing afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. VIS Containers Manufacturing 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.

VIS Management

 What is the CEO of VIS Containers Manufacturing'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 Hadjivassileiou
CEO Bio

Mr. Georgios V. Hadjivassileiou serves as the Chief Executive Officer, Vice Chairman and Secretary of VIS Containers Manufacturing Co. Ltd. and was its Vice- President. Mr. Hadjivassileiou was General Manager of VIS Containers Manufacturing Co. Ltd. since 2000. From 1985 to 1995, Mr. Hadjivassileiou served as Head of Electromechanical Maintenance of the factory of carton boxes and of Electrical Maintenance of the factory of carton boxes of the company and from 1995 to 1999 worked as Director of it's factory of carton boxes in Volos. He serves as an Executive Director of VIS Containers Manufacturing Co. Ltd. He is a graduate of Electrical Engineer from the University of Aston in Birmingham.

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

Dimitrios Filippou

TITLE
Chairman & MD
AGE
50

Georgios Hadjivassileiou

TITLE
Vice Chairman

Kyriakos Soupionas

TITLE
CFO, Advisor & Executive Director
AGE
58

Athanasios Djidjaras

TITLE
Director of All Factories VIS
Board of Directors

Dimitrios Filippou

TITLE
Chairman & MD
AGE
50

Georgios Hadjivassileiou

TITLE
Vice Chairman

Kyriakos Soupionas

TITLE
CFO, Advisor & Executive Director
AGE
58

Athanasios Djidjaras

TITLE
Director of All Factories VIS

Fokion Tsintos

TITLE
Non-Executive Director
AGE
59

Georgios Bafilias

TITLE
Independent Non-Executive Director
AGE
83

Ioannis Granitsas

TITLE
Independent Non-Executive Director
AGE
72
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 VIS Containers Manufacturing'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. VIS Containers Manufacturing 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.

VIS News

Simply Wall St News

Did VIS Containers Manufacturing's (ATH:VIS) Share Price Deserve to Gain 11%?

Ltd (ATH:VIS) share price is up 11% in the last year, clearly besting than the market return of around 9.1% (not including dividends). … View our latest analysis for VIS Containers Manufacturing Because VIS Containers Manufacturing is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … VIS Containers Manufacturing actually shrunk its revenue over the last year, with a reduction of 15%.

Simply Wall St -

Is VIS Containers Manufacturing Co. Ltd (ATH:VIS) A Financially Sound Company?

Ltd (ATH:VIS) is a small-cap stock with a market capitalization of €4.6m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

Is VIS Containers Manufacturing Co Ltd's (ATH:VIS) Balance Sheet A Threat To Its Future?

Investors are always looking for growth in small-cap stocks like VIS Containers Manufacturing Co Ltd (ATH:VIS), with a market cap of €5m. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.

Simply Wall St -

VIS Containers Manufacturing Co Ltd (ATH:VIS): Time For A Financial Health Check

VIS Containers Manufacturing Co Ltd (ATH:VIS) is a small-cap stock with a market capitalization of €4.47m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

VIS Containers Manufacturing Co Ltd (ATH:VIS): How Does It Impact Your Portfolio?

Every stock in the market is exposed to this risk, which arises from macroeconomic factors such as economic growth and geo-political tussles just to name a few. … VIS, with its market capitalisation of €3.97M, is a small-cap stock, which generally have higher beta than similar companies of larger size. … How VIS's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

Simply Wall St -

What Does VIS Containers Manufacturing Co Ltd's (ATH:VIS) Ownership Structure Look Like?

This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Thus, investors should dig deeper into VIS's business relations with these companies and how it can affect shareholder returns in the long-term.Next Steps: A large shareholding of VIS by the general public could mean higher market liquidity to buy and sell shares for retail investors, and also the potential to have more influence over company policies as a collective.

Simply Wall St -

Did VIS Containers Manufacturing Co Ltd's (ATH:VIS) Earnings Growth Outperform The Industry?

See our latest analysis for VIS Containers Manufacturing Could VIS beat the long-term trend and outperform its industry? … For VIS Containers Manufacturing, its latest earnings (trailing twelve month) is -€427.80K, which compared to last year’s figure, has become less negative. … Each year, for the past five years VIS Containers Manufacturing has seen an annual decline in revenue of -3.84%, on average.

Simply Wall St -

Is VIS Containers Manufacturing Co Ltd's (ATH:VIS) Balance Sheet Strong Enough To Weather A Storm?

VIS's debt level has been constant at around €13.97M over the previous year – this includes both the current and long-term debt. … Moving onto cash from operations, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: At its current level of cash flow coverage, VIS has room for improvement to better cushion for events which may require debt repayment.

Simply Wall St -

VIS Company Info

Description

VIS Containers Manufacturing Co. Ltd designs, manufactures, and markets paper packaging materials in Europe. It offers carton boxes, carton trays, bag in boxes, packing boxes and packing trays, cardboards sheets, and special structures and retail ready packaging products for use in packing fresh fruits and vegetables, as well as for various industrial and product advertising applications. The company was founded in 1936 and is based in Athens, Greece. VIS Containers Manufacturing Co. Ltd is a subsidiary of Hellenic Quality Foods S.A.

Details
Name: VIS Containers Manufacturing Co. Ltd
VIS
Exchange: ATSE
Founded: 1936
€4,918,914
4,968,600
Website: http://www.vis.gr
Address: VIS Containers Manufacturing Co. Ltd
G.Genimatas Avenue,
Magoula,
Athens,
190 18,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ATSE VIS Common Shares The Athens Stock Exchange GR EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
150
VIS Containers Manufacturing employees.
Industry
Paper Packaging
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/13 20:33
End of day share price update: 2019/11/13 00:00
Last earnings filing: 2019/09/30
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.