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LAMDA Development

ATSE:LAMDA
Snowflake Description

Solid track record and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LAMDA
ATSE
€997M
Market Cap
  1. Home
  2. GR
  3. Real Estate
Company description

LAMDA Development S.A., together with its subsidiaries, engages in the investment, development, leasing, and maintenance of various real estate projects in Greece, Romania, Bulgaria, Serbia, and Montenegro. The last earnings update was 81 days ago. More info.


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  • LAMDA Development has significant price volatility in the past 3 months.
LAMDA Share Price and Events
7 Day Returns
5.8%
ATSE:LAMDA
7.3%
GR Real Estate
1.8%
GR Market
1 Year Returns
-13.9%
ATSE:LAMDA
-16%
GR Real Estate
-20.5%
GR Market
LAMDA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
LAMDA Development (LAMDA) 5.8% -19.4% -30.7% -13.9% 21.3% 73.8%
GR Real Estate 7.3% -20.2% -30.9% -16% 17.6% 60.7%
GR Market 1.8% -18.6% -35% -20.5% -9.7% -67.7%
1 Year Return vs Industry and Market
  • LAMDA outperformed the Real Estate industry which returned -16% over the past year.
  • LAMDA outperformed the Market in Greece which returned -20.5% over the past year.
Price Volatility
LAMDA
Industry
5yr Volatility vs Market

LAMDA Value

 Is LAMDA Development 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 LAMDA Development 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 LAMDA Development.

ATSE:LAMDA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 19%
Perpetual Growth Rate 10-Year GR Government Bond Rate 1.9%

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:LAMDA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GR Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 13.7%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.003 (1 + (1- 29%) (51.81%))
1.249
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.25
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.92% + (1.249 * 13.68%)
19.01%

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

The calculations below outline how an intrinsic value for LAMDA Development 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:LAMDA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 19.01%)
2020 10.60 Analyst x1 8.91
2021 24.80 Analyst x1 17.51
2022 25.66 Est @ 3.46% 15.22
2023 26.43 Est @ 3% 13.17
2024 27.13 Est @ 2.67% 11.37
2025 27.80 Est @ 2.45% 9.78
2026 28.43 Est @ 2.29% 8.41
2027 29.05 Est @ 2.18% 7.22
2028 29.66 Est @ 2.1% 6.19
2029 30.27 Est @ 2.05% 5.31
Present value of next 10 years cash flows €103.00
ATSE:LAMDA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €30.27 × (1 + 1.92%) ÷ (19.01% – 1.92%)
€180.53
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €180.53 ÷ (1 + 19.01%)10
€31.67
ATSE:LAMDA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €103.00 + €31.67
€134.67
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €134.67 / 174.87
€0.77
ATSE:LAMDA Discount to Share Price
Calculation Result
Value per share (EUR) From above. €0.77
Current discount Discount to share price of €5.70
= -1 x (€5.70 - €0.77) / €0.77
-640.1%

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

  • The current share price of LAMDA Development 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 LAMDA Development's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are LAMDA Development's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ATSE:LAMDA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €0.59
ATSE:LAMDA Share Price ** ATSE (2020-03-31) in EUR €5.7
Europe Real Estate Industry PE Ratio Median Figure of 247 Publicly-Listed Real Estate Companies 10.46x
Greece Market PE Ratio Median Figure of 94 Publicly-Listed Companies 11.94x

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

** Primary Listing of LAMDA Development.

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

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

= 5.7 ÷ 0.59

9.66x

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

  • LAMDA Development is good value based on earnings compared to the Europe Real Estate industry average.
  • LAMDA Development is good value based on earnings compared to the Greece market.
Price based on expected Growth
Does LAMDA Development's expected growth come at a high price?
Raw Data
ATSE:LAMDA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-5.8%per year
Europe Real Estate Industry PEG Ratio Median Figure of 95 Publicly-Listed Real Estate Companies 0.21x
Greece Market PEG Ratio Median Figure of 24 Publicly-Listed Companies 0.55x

*Line of best fit is calculated by linear regression .

ATSE:LAMDA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.66x ÷ -5.8%

-1.66x

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

  • LAMDA Development earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on LAMDA Development's assets?
Raw Data
ATSE:LAMDA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €4.98
ATSE:LAMDA Share Price * ATSE (2020-03-31) in EUR €5.7
Greece Real Estate Industry PB Ratio Median Figure of 5 Publicly-Listed Real Estate Companies 0.92x
Greece Market PB Ratio Median Figure of 134 Publicly-Listed Companies 0.73x
ATSE:LAMDA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 5.7 ÷ 4.98

1.14x

* Primary Listing of LAMDA Development.

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

  • LAMDA Development is overvalued based on assets compared to the GR Real Estate industry average.
X
Value checks
We assess LAMDA Development'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 Real Estate 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 Real Estate industry average (and greater than 0)? (1 check)
  5. LAMDA Development 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.

LAMDA Future Performance

 How is LAMDA Development expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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
-5.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is LAMDA Development expected to grow at an attractive rate?
  • LAMDA Development's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.9%.
Growth vs Market Checks
  • LAMDA Development's earnings are expected to decrease over the next 1-3 years, this is below the Greece market average.
  • LAMDA Development's revenue growth is expected to exceed the Greece market average.
Annual Growth Rates Comparison
Raw Data
ATSE:LAMDA Future Growth Rates Data Sources
Data Point Source Value (per year)
ATSE:LAMDA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -5.8%
ATSE:LAMDA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 6.6%
Europe Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -11.2%
Europe Real Estate Industry Revenue Growth Rate Market Cap Weighted Average -4.3%
Greece Market Earnings Growth Rate Market Cap Weighted Average 16.5%
Greece Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*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:LAMDA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ATSE:LAMDA Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 95 30 52 2
2020-12-31 92 25 80 2
2020-03-31
2019-12-31 86 30 75 2
ATSE:LAMDA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 79 23 46
2019-06-30 79 16 54
2019-03-31 78 -3 43
2018-12-31 78 -2 42
2018-09-30 103 18 0
2018-06-30 101 26 -12
2018-03-31 97 36 -48
2017-12-31 90 28 -48
2017-09-30 58 0 -25
2017-06-30 52 -5 -16
2017-03-31 50 -3 -3
2016-12-31 49 1 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • LAMDA Development's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • LAMDA Development's revenue is expected to grow by 6.6% yearly, however this is not considered high growth (20% yearly).
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:LAMDA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

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

ATSE:LAMDA Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.31 0.31 0.31 1.00
2020-12-31 0.52 0.52 0.52 1.00
2020-03-31
2019-12-31 0.46 0.46 0.46 1.00
ATSE:LAMDA Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 0.59
2019-06-30 0.70
2019-03-31 0.55
2018-12-31 0.54
2018-09-30 0.00
2018-06-30 -0.16
2018-03-31 -0.62
2017-12-31 -0.62
2017-09-30 -0.33
2017-06-30 -0.20
2017-03-31 -0.04
2016-12-31 -0.04

*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.
  • LAMDA Development is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess LAMDA Development'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.
LAMDA Development has a total score of 1/6, 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.

LAMDA Past Performance

  How has LAMDA Development 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 LAMDA Development's growth in the last year to its industry (Real Estate).
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.
  • LAMDA Development has delivered over 20% year on year earnings growth in the past 5 years.
  • LAMDA Development's 1-year earnings growth exceeds its 5-year average (14919.3% vs 50.1%)
  • LAMDA Development's earnings growth has exceeded the Europe Real Estate industry average in the past year (14919.3% vs 6.5%).
Earnings and Revenue History
LAMDA Development'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 LAMDA Development Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ATSE:LAMDA 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 79.47 45.96 13.70
2019-06-30 78.53 54.41 13.01
2019-03-31 78.35 43.01 12.58
2018-12-31 78.39 42.33 12.38
2018-09-30 102.88 0.31 11.08
2018-06-30 101.40 -12.31 11.03
2018-03-31 96.55 -47.86 11.66
2017-12-31 89.69 -48.32 11.73
2017-09-30 57.96 -25.28 12.25
2017-06-30 52.25 -15.56 12.50
2017-03-31 49.66 -3.10 11.98
2016-12-31 49.49 -3.16 12.08
2016-09-30 45.74 -2.83 10.88
2016-06-30 41.96 -6.24 10.73
2016-03-31 36.63 -21.77 10.37
2015-12-31 35.87 -22.06 10.31
2015-09-30 34.22 -37.93 10.57
2015-06-30 36.98 -31.04 10.36
2015-03-31 42.80 -22.77 10.48
2014-12-31 42.73 -23.45 10.19
2014-09-30 40.15 -27.54 10.75
2014-06-30 41.01 -29.62 10.73
2014-03-31 34.74 -37.28 8.77
2013-12-31 29.91 -49.30 10.67
2013-09-30 42.00 -63.83 12.69
2013-06-30 47.58 -56.31 14.37

*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.
  • LAMDA Development has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • LAMDA Development used its assets more efficiently than the Europe Real Estate industry average last year based on Return on Assets.
  • LAMDA Development has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess LAMDA Development'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 Real Estate 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.
LAMDA Development has a total score of 5/6, 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.

LAMDA Health

 How is LAMDA Development'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 LAMDA Development's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • LAMDA Development's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • LAMDA Development's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of LAMDA Development's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.2x 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 LAMDA Development Company Filings, last reported 6 months ago.

ATSE:LAMDA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 470.35 437.78 66.42
2019-06-30 476.04 448.61 72.54
2019-03-31 439.00 447.87 70.26
2018-12-31 434.62 446.84 68.47
2018-09-30 412.38 426.32 84.77
2018-06-30 409.65 420.55 85.81
2018-03-31 381.02 438.01 122.16
2017-12-31 377.38 442.11 114.40
2017-09-30 398.69 451.23 94.14
2017-06-30 408.66 278.85 157.94
2017-03-31 356.91 283.70 101.98
2016-12-31 355.07 269.26 103.87
2016-09-30 358.32 290.22 109.94
2016-06-30 359.81 292.15 115.27
2016-03-31 360.81 300.36 122.41
2015-12-31 360.61 303.39 130.82
2015-09-30 364.61 289.45 137.61
2015-06-30 371.07 291.15 142.47
2015-03-31 387.53 301.81 153.74
2014-12-31 387.52 350.54 187.64
2014-09-30 408.35 335.08 187.72
2014-06-30 259.23 336.17 40.22
2014-03-31 250.41 343.00 35.94
2013-12-31 249.56 344.46 32.59
2013-09-30 271.50 492.27 50.32
2013-06-30 271.22 493.82 54.46
  • LAMDA Development's level of debt (93.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (82.1% vs 93.1% today).
  • Debt is not well covered by operating cash flow (5.2%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess LAMDA Development'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. LAMDA Development has a total score of 0/6, 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.

LAMDA Dividends

 What is LAMDA Development'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 LAMDA Development dividends.
If you bought €2,000 of LAMDA Development 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 LAMDA Development's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate LAMDA Development'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:LAMDA 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 2 Analyst Estimates (S&P Global) See Below
Europe Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 171 Stocks 3.6%
Greece Market Average Dividend Yield Market Cap Weighted Average of 50 Stocks 5%
Greece Minimum Threshold Dividend Yield 10th Percentile 1.7%
Greece Bottom 25% Dividend Yield 25th Percentile 3%
Greece Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

ATSE:LAMDA Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2020-03-31
2019-12-31

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

  • Unable to perform a dividend volatility check as LAMDA Development has not reported any payouts.
  • Unable to verify if LAMDA Development's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of LAMDA Development's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as LAMDA Development 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 LAMDA Development's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - 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 LAMDA Development afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. LAMDA Development 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.

LAMDA Management

 What is the CEO of LAMDA Development'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
Odisseas Athanasiou
TENURE AS CEO 11.2 years
CEO Bio

Mr. Odisseas E. Athanasiou serves as the Chief Executive Officer at Lamda Development SA. Mr. Athanasiou served as the Chief Financial Officer of Lamda Development SA since March 24, 2006. Mr. Athanassiou served as Finance Director for Greece Region at Titan Cement Co. SA. Mr. Athanasiou held senior management positions in Greece and abroad. In his 8-year career in the U.S., he worked for Ernst & Young and Emerson Electric. He has also held the positions of Chief Financial Officer of Western Europe for Barilla, based in Paris and Chief Financial Officer, Greece-Turkey hub for Diageo Hellas. He served as Non-Executive Vice Chairman at Eurobank Properties Real Estate Investment Company. He serves as an Executive Director of Lamda Development SA. He served as member of the B.O.D. at Barilla and Greece-Turkey hub for Diageo Hellas. Mr. Athanasiou has a degree in Economics from the Athens University and an MBA in Finance and Accounting from the University of Texas.

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

Average tenure of the LAMDA Development management team in years:

16.2
Average Tenure
  • The average tenure for the LAMDA Development management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Odisseas Athanasiou

TITLE
CEO & Executive Director
TENURE
11.2 yrs

Vassilios Baloumis

TITLE
Financial Director
AGE
53
TENURE
16.2 yrs

Konstantina Karatopouzi

TITLE
Finance & Administration Director

Alexandros Kokkidis

TITLE
Treasury & IR Director
TENURE
17.6 yrs

John Giannakopoulos

TITLE
Chief Legal Counsel & Secretary

Christos Nikolopoulos

TITLE
Asset Management Director

Zissimos Danilatos

TITLE
Development Director
Board of Directors Tenure

Average tenure and age of the LAMDA Development board of directors in years:

5
Average Tenure
73
Average Age
  • The tenure for the LAMDA Development board of directors is about average.
Board of Directors

Anastasios Giannitsis

TITLE
Chairman of the Board
TENURE
5 yrs

Odisseas Athanasiou

TITLE
CEO & Executive Director
TENURE
10.8 yrs

Evangelos Chronis

TITLE
Vice Chairman of the Board
AGE
73
TENURE
10.3 yrs

Fotios Antonatos

TITLE
Non-Executive Director
AGE
74

Harry Kyriazis

TITLE
Independent Non-Executive Director
TENURE
1.7 yrs

Ulysses Paris Kyriacopoulos

TITLE
Non-Executive Director
AGE
67
TENURE
10 yrs

Evgenia Paizi

TITLE
Non-Executive Director
TENURE
5 yrs

Dimitris Afendoulis

TITLE
Non-Executive Director
TENURE
2 yrs

Ioannis Karagiannis

TITLE
Non-Executive Director
AGE
57
TENURE
2 yrs

George Gerardos

TITLE
Independent Non-Executive Director
AGE
73
TENURE
12.8 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 LAMDA Development'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. LAMDA Development 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.

LAMDA News

Simply Wall St News

The LAMDA Development (ATH:LAMDA) Share Price Has Gained 97% And Shareholders Are Hoping For More

(ATH:LAMDA) share price is up 97% in the last three years, clearly besting than the market return of around 41% (not including dividends). … During three years of share price growth, LAMDA Development moved from a loss to profitability. … Before deciding if you like the current share price, check how LAMDA Development scores on these 3 valuation metrics.

Simply Wall St -

Is It Time To Consider Buying LAMDA Development S.A. (ATH:LAMDA)?

Let’s take a look at LAMDA Development’s outlook and value based on the most recent financial data to see if the opportunity still exists. … LAMDA Development is currently overpriced based on my relative valuation model. … What kind of growth will LAMDA Development generate?

Simply Wall St -

Does The LAMDA Development S.A. (ATH:LAMDA) Share Price Tend To Follow The Market?

(ATH:LAMDA), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … See our latest analysis for LAMDA Development What we can learn from LAMDA's beta value With a beta of 0.93, (which is quite close to 1) the share price of LAMDA Development has historically been about as voltile as the broader market. … What this means for you: It is probable that there is a link between the share price of LAMDA Development and the broader market, since it has a beta value quite close to one.

Simply Wall St -

Should LAMDA Development (ATH:LAMDA) Be Disappointed With Their 65% Profit?

During three years of share price growth, LAMDA Development moved from a loss to profitability. … Investors should note that there's a difference between LAMDA Development's total shareholder return (TSR) and its share price change, which we've covered above. … We note that LAMDA Development's TSR, at 65% is higher than its share price return of 65%.

Simply Wall St -

Should You Investigate LAMDA Development S.A. (ATH:LAMDA) At €6.81?

As a small cap stock, hardly covered by any analysts, there is generally more of an opportunity for mispricing as there is less activity to push the stock closer to fair value? … Is there still an opportunity here to buy. … Today I will analyse the most recent data on LAMDA Development’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

What Does LAMDA Development S.A.'s (ATH:LAMDA) Balance Sheet Tell Us About It?

Investors are always looking for growth in small-cap stocks like LAMDA Development S.A. … However, an important fact which most ignore is: how financially healthy is the business? … The following basic checks can help you get a picture of the company's balance sheet strength.

Simply Wall St -

The LAMDA Development Share Price Has Gained 71% And Shareholders Are Hoping For More

Many high growth companies focus on growing revenue before profits, but if revenue is the focus, it really needs to grow. … As you can imagine, it's easy to imagine a fast growing company becoming (potentially very) profitable, but when revenue growth slows, then the potential upside often seems less impressive. … In the last 3 years LAMDA Development saw its revenue grow at 41% per year.

Simply Wall St -

What Kind Of Shareholders Own LAMDA Development S.A. (ATH:LAMDA)?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Companies that have been privatized tend to have low insider ownership. … LAMDA Development is not a large company by global standards.

Simply Wall St -

LAMDA Development S.A. (ATH:LAMDA) Delivered A Weaker ROE Than Its Industry

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows LAMDA Development has a return on equity of 3.7% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

How Financially Strong Is LAMDA Development SA (ATH:LAMDA)?

Investors are always looking for growth in small-cap stocks like LAMDA Development SA (ATH:LAMDA), with a market cap of €461m. … However, an important fact which most ignore is: how financially healthy is the business? … I believe these basic checks tell most of the story you need to know.

Simply Wall St -

LAMDA Company Info

Description

LAMDA Development S.A., together with its subsidiaries, engages in the investment, development, leasing, and maintenance of various real estate projects in Greece, Romania, Bulgaria, Serbia, and Montenegro. Its development portfolio includes three commercial and leisure centers, including The Mall Athens and Golden Hall in Athens; Mediterranean Cosmos in Thessaloniki; and Flisvos Marina in Faliro, as well as office buildings and residential complexes. The company is based in Marousi, Greece. LAMDA Development S.A. was founded in 1977 and is a subsidiary of Consolidated Lamda Holdings S.A.

Details
Name: LAMDA Development S.A.
LAMDA
Exchange: ATSE
Founded: 1977
€996,763,035
174,870,708
Website: http://www.lamdadev.com
Address: LAMDA Development S.A.
37A Kifissias Avenue (Golden Hall),
Marousi,
151 23,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ATSE LAMDA Ordinary Shares The Athens Stock Exchange GR EUR 03. Oct 1995
BST LDQ Ordinary Shares Boerse-Stuttgart DE EUR 03. Oct 1995
LSE 0NCY Ordinary Shares London Stock Exchange GB EUR 03. Oct 1995
Number of employees
Current staff
Staff numbers
211
LAMDA Development employees.
Industry
Diversified Real Estate Activities
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 21:01
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/02/13
Last earnings filing: 2020/01/10
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.