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Epsilon Net

ATSE:EPSIL
Snowflake Description

Solid track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EPSIL
ATSE
€21M
Market Cap
  1. Home
  2. GR
  3. Software
Company description

Epsilon Net S.A. operates in the areas of information technology in Greece. The last earnings update was 183 days ago. More info.


Add to Portfolio Compare Print
  • Epsilon Net has significant price volatility in the past 3 months.
EPSIL Share Price and Events
7 Day Returns
4.4%
ATSE:EPSIL
6.4%
GR Software
1.8%
GR Market
1 Year Returns
16.6%
ATSE:EPSIL
-26%
GR Software
-20.5%
GR Market
EPSIL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Epsilon Net (EPSIL) 4.4% -20.8% -26.9% 16.6% 503.2% 708.5%
GR Software 6.4% -18.2% -22.6% -26% 36.2% 36.2%
GR Market 1.8% -18.6% -35% -20.5% -9.7% -67.7%
1 Year Return vs Industry and Market
  • EPSIL outperformed the Software industry which returned -26% over the past year.
  • EPSIL outperformed the Market in Greece which returned -20.5% over the past year.
Price Volatility
EPSIL
Industry
5yr Volatility vs Market

Value

 Is Epsilon Net 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 Epsilon Net 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 Epsilon Net.

ATSE:EPSIL 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 17.9%
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:EPSIL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GR Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 13.7%
Software Unlevered Beta Simply Wall St/ S&P Global 1.02
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.023 (1 + (1- 29%) (32.03%))
1.171
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.17
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.92% + (1.171 * 13.68%)
17.94%

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

The calculations below outline how an intrinsic value for Epsilon Net 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:EPSIL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 17.94%)
2020 2.28 Est @ 78.96% 1.93
2021 3.55 Est @ 55.85% 2.56
2022 4.96 Est @ 39.67% 3.03
2023 6.37 Est @ 28.34% 3.29
2024 7.67 Est @ 20.42% 3.36
2025 8.81 Est @ 14.87% 3.27
2026 9.78 Est @ 10.98% 3.08
2027 10.59 Est @ 8.26% 2.83
2028 11.26 Est @ 6.36% 2.55
2029 11.83 Est @ 5.03% 2.27
Present value of next 10 years cash flows €28.00
ATSE:EPSIL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €11.83 × (1 + 1.92%) ÷ (17.94% – 1.92%)
€75.24
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €75.24 ÷ (1 + 17.94%)10
€14.45
ATSE:EPSIL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €28.00 + €14.45
€42.45
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €42.45 / 11.18
€3.8
ATSE:EPSIL Discount to Share Price
Calculation Result
Value per share (EUR) From above. €3.80
Current discount Discount to share price of €1.90
= -1 x (€1.90 - €3.80) / €3.80
50%

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

Current Discount
Amount off the current price Epsilon Net is available for.
Intrinsic value
50%
Share price is €1.9 vs Future cash flow value of €3.8
Current Discount Checks
For Epsilon Net to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Epsilon Net's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Epsilon Net'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 Epsilon Net's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Epsilon Net's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ATSE:EPSIL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €0.09
ATSE:EPSIL Share Price ** ATSE (2020-03-31) in EUR €1.9
Greece Software Industry PE Ratio Median Figure of 5 Publicly-Listed Software Companies 17.77x
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 Epsilon Net.

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

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

= 1.9 ÷ 0.09

20.09x

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

  • Epsilon Net is overvalued based on earnings compared to the GR Software industry average.
  • Epsilon Net is overvalued based on earnings compared to the Greece market.
Price based on expected Growth
Does Epsilon Net's expected growth come at a high price?
Raw Data
ATSE:EPSIL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Software Industry PEG Ratio Median Figure of 76 Publicly-Listed Software Companies 1.74x
Greece Market PEG Ratio Median Figure of 24 Publicly-Listed Companies 0.55x

*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 Epsilon Net, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Epsilon Net's assets?
Raw Data
ATSE:EPSIL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €1.15
ATSE:EPSIL Share Price * ATSE (2020-03-31) in EUR €1.9
Greece Software Industry PB Ratio Median Figure of 6 Publicly-Listed Software Companies 1.03x
Greece Market PB Ratio Median Figure of 134 Publicly-Listed Companies 0.73x
ATSE:EPSIL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.9 ÷ 1.15

1.65x

* Primary Listing of Epsilon Net.

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

  • Epsilon Net is overvalued based on assets compared to the GR Software industry average.
X
Value checks
We assess Epsilon Net'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 Software 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 Software industry average (and greater than 0)? (1 check)
  5. Epsilon Net has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

Future Performance

 How is Epsilon Net 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 Epsilon Net 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
19.8%
Expected Software industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Epsilon Net expected to grow at an attractive rate?
  • Unable to compare Epsilon Net's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Epsilon Net's earnings growth to the Greece market average as no estimate data is available.
  • Unable to compare Epsilon Net's revenue growth to the Greece market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ATSE:EPSIL Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Software Industry Earnings Growth Rate Market Cap Weighted Average 19.8%
Europe Software Industry Revenue Growth Rate Market Cap Weighted Average 8.3%
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:EPSIL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 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:EPSIL Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 18 3 1
2019-03-31 17 2 1
2018-12-31 17 1 1
2018-09-30 16 1 1
2018-06-30 16 1 1
2018-03-31 15 1 1
2017-12-31 15 1 1
2017-09-30 15 1 0
2017-06-30 14 1 0
2017-03-31 13 0 0
2016-12-31 12 0 0
2016-09-30 12 1 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Epsilon Net is high growth as no earnings estimate data is available.
  • Unable to determine if Epsilon Net 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:EPSIL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Epsilon Net Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ATSE:EPSIL Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 0.09
2019-03-31 0.08
2018-12-31 0.07
2018-09-30 0.07
2018-06-30 0.07
2018-03-31 0.06
2017-12-31 0.06
2017-09-30 0.04
2017-06-30 0.03
2017-03-31 0.02
2016-12-31 0.01
2016-09-30 0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Epsilon Net will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Check out Epsilon Net's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  2. Epsilon Net'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 Software companies here
  3. Epsilon Net's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Epsilon Net'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.
Epsilon Net has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

Past Performance

  How has Epsilon Net performed over the past 5 years?

  • Epsilon Net's last earnings update was 183 days ago.
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 Epsilon Net's growth in the last year to its industry (Software).
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.
  • Epsilon Net has delivered over 20% year on year earnings growth in the past 5 years.
  • Epsilon Net's 1-year earnings growth exceeds its 5-year average (38.2% vs 29.1%)
  • Epsilon Net's earnings growth has exceeded the GR Software industry average in the past year (38.2% vs 34%).
Earnings and Revenue History
Epsilon Net'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 Epsilon Net Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ATSE:EPSIL 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 17.70 1.03 3.71 4.00
2019-03-31 17.27 0.93 3.67 3.98
2018-12-31 16.84 0.82 3.63 3.96
2018-09-30 16.21 0.78 3.50 3.79
2018-06-30 15.59 0.75 3.36 3.63
2018-03-31 15.28 0.72 3.30 3.59
2017-12-31 14.97 0.70 3.23 3.55
2017-09-30 14.55 0.49 3.13 3.56
2017-06-30 14.13 0.28 3.03 3.57
2017-03-31 13.29 0.21 2.87 3.27
2016-12-31 12.46 0.13 2.70 2.98
2016-09-30 11.95 0.18 2.68 2.78
2016-06-30 11.45 0.24 2.65 2.57
2016-03-31 11.22 0.30 2.59 2.48
2015-12-31 10.99 0.36 2.53 2.40
2015-09-30 10.49 0.40 2.46 2.35
2015-06-30 9.99 0.44 2.40 2.31
2015-03-31 9.93 0.39 2.39 2.22
2014-12-31 9.88 0.34 2.38 2.13
2014-09-30 9.22 0.26 2.26 1.73
2014-06-30 8.55 0.19 2.15 1.34
2014-03-31 8.18 0.15 2.06 1.26
2013-12-31 7.81 0.10 1.97 1.18
2013-09-30 7.63 0.11 1.88 0.94
2013-06-30 7.46 0.11 1.79 0.69

*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.
  • Epsilon Net has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Epsilon Net used its assets more efficiently than the GR Software industry average last year based on Return on Assets.
  • Epsilon Net has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Epsilon Net'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 Software 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.
Epsilon Net 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.

Health

 How is Epsilon Net'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 Epsilon Net's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Epsilon Net is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Epsilon Net's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Epsilon Net'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 covered by short term assets, assets are 2.7x 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 Epsilon Net Company Filings, last reported 9 months ago.

ATSE:EPSIL Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 13.00 5.59 7.80
2019-03-31 13.00 5.59 7.80
2018-12-31 12.24 5.94 8.07
2018-09-30 12.24 5.94 8.07
2018-06-30 12.17 4.55 6.09
2018-03-31 12.17 4.55 6.09
2017-12-31 11.76 3.03 4.59
2017-09-30 11.76 3.03 4.59
2017-06-30 11.63 1.57 3.87
2017-03-31 11.63 1.57 3.87
2016-12-31 10.91 1.71 3.91
2016-09-30 10.91 1.71 3.91
2016-06-30 11.38 1.30 4.36
2016-03-31 11.38 1.30 4.36
2015-12-31 11.14 0.79 4.25
2015-09-30 11.14 0.79 4.25
2015-06-30 11.24 1.31 4.43
2015-03-31 11.24 1.31 4.43
2014-12-31 11.40 1.13 4.00
2014-09-30 11.40 1.13 4.00
2014-06-30 11.51 0.32 4.46
2014-03-31 11.51 0.32 4.46
2013-12-31 11.39 1.17 4.23
2013-09-30 11.39 1.17 4.23
2013-06-30 11.13 1.33 3.56
  • Epsilon Net's level of debt (43%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (2% vs 43% today).
  • Debt is well covered by operating cash flow (60.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.8x coverage).
X
Financial health checks
We assess Epsilon Net'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. Epsilon Net has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Epsilon Net'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 Epsilon Net dividends.
If you bought €2,000 of Epsilon Net 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 Epsilon Net's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Epsilon Net'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:EPSIL 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 Software Industry Average Dividend Yield Market Cap Weighted Average of 77 Stocks 1.4%
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:EPSIL Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2009-09-15 0.000 0.000

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

  • Unable to perform a dividend volatility check as Epsilon Net has not reported any payouts.
  • Unable to verify if Epsilon Net's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Epsilon Net's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Epsilon Net 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 Epsilon Net'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 Epsilon Net afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Epsilon Net has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Epsilon Net'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 Michos
TENURE AS CEO 21.2 years
CEO Bio

Mr. Ioannis Nikolaou Michos has been the Chairman of the Board and Chief Executive Officer of Epsilon Net A.E. since 1999. Mr. Michos has been the Chairman of the Board of Directors of the Developmental Association of Citizens of Chalkidiki Publisher and Scientific Director of EPSILON 7 since 1997. He has been Director of Epsilon Net A.E. since 1999. He served as Vice-Chairman of the Board of Directors of the Association of Joint Stock and Limited Liability Companies. He served as Member of the Board of Directors of the Federation of Industries of Northern Greece (SBBE). He is Affiliated Member Of The Association Of International Accountants. He holds Bachelor in Economics from University of Macedonia.

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

Average tenure of the Epsilon Net management team in years:

10.2
Average Tenure
  • The average tenure for the Epsilon Net management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Ioannis Michos

TITLE
Chairman & CEO
TENURE
21.2 yrs

Ioannis Koutkoudakis

TITLE
Finance Director
TENURE
6.7 yrs

Thomas Kazineris

TITLE
Head of Accounting

Andreas Grimpelas

TITLE
CTO & Executive Director

Amanatios Amanatidis

TITLE
Chief Information Officer and Director of Research & Development

Vasiliki Anagnostou

TITLE
Chief Deputy Executive Officer

Vasilios Prassas

TITLE
Chief Commercial Officer & Executive Director
AGE
46
TENURE
10.2 yrs

Paschalis Michalopoulos

TITLE
Executive Director
AGE
51
Board of Directors Tenure

Average tenure of the Epsilon Net board of directors in years:

5.3
Average Tenure
  • The tenure for the Epsilon Net board of directors is about average.
Board of Directors

Ioannis Michos

TITLE
Chairman & CEO
TENURE
21.2 yrs

Ioannis Koutkoudakis

TITLE
Finance Director

Andreas Grimpelas

TITLE
CTO & Executive Director
TENURE
5.3 yrs

Vasiliki Anagnostou

TITLE
Chief Deputy Executive Officer

Vasilios Prassas

TITLE
Chief Commercial Officer & Executive Director
AGE
46

Paschalis Michalopoulos

TITLE
Executive Director
AGE
51
TENURE
5.3 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 Epsilon Net'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. Epsilon Net has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

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

News

Simply Wall St News

Do You Know About Epsilon Net S.A.’s (ATH:EPSIL) ROCE?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Epsilon Net:0.077 = €1.4m ÷ (€24m - €5.0m) (Based on the trailing twelve months to December 2018.) Therefore, Epsilon Net has an ROCE of 7.7%. … Epsilon Net's Current Liabilities And Their Impact On Its ROCE Current liabilities are short term bills and invoices that need to be paid in 12 months or less.

Simply Wall St -

We Think Epsilon Net (ATH:EPSIL) Can Stay On Top Of Its Debt

(ATH:EPSIL) does have debt on its balance sheet. … ATSE:EPSIL Historical Debt, August 16th 2019 A Look At Epsilon Net's Liabilities According to the last reported balance sheet, Epsilon Net had liabilities of €4.98m due within 12 months, and liabilities of €6.38m due beyond 12 months. … While Epsilon Net has net cash on its balance sheet, it's still worth taking a look at its ability to convert earnings before interest and tax (EBIT) to free cash flow, to help us understand how quickly it is building (or eroding) that cash balance.

Simply Wall St -

Boasting A 8.5% Return On Equity, Is Epsilon Net S.A. (ATH:EPSIL) A Top Quality Stock?

One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.085 in profit. … The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Epsilon Net: 8.5% = €818k ÷ €12m (Based on the trailing twelve months to December 2018.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Does Epsilon Net Have A Good Return On Equity?

Simply Wall St -

A Rising Share Price Has Us Looking Closely At Epsilon Net S.A.'s (ATH:EPSIL) P/E Ratio

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). … We can see in the image below that the average P/E (30.2) for companies in the software industry is higher than Epsilon Net's P/E. … Its net cash position supports a higher P/E ratio, as does its solid recent earnings growth.

Simply Wall St -

Does Epsilon Net S.A.'s (ATH:EPSIL) P/E Ratio Signal A Buying Opportunity?

Looking at earnings over the last twelve months, Epsilon Net has a P/E ratio of 25.7. … The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Epsilon Net: P/E of 25.7 = €1.88 ÷ €0.073 (Based on the trailing twelve months to December 2018.) Is A High P/E Ratio Good? … Therefore it seems reasonable that the market would have relatively high expectations of the company Investors should be looking to buy stocks that the market is wrong about.

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand Epsilon Net S.A. (ATH:EPSIL)

The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Epsilon Net: P/E of 25.7 = €1.88 ÷ €0.073 (Based on the trailing twelve months to December 2018.) Is A High Price-to-Earnings Ratio Good? … A higher P/E ratio means that investors are paying a higher price for each €1 of company earnings. … The exact same company would hypothetically deserve a higher P/E ratio if it had a strong balance sheet, than if it had a weak one with lots of debt, because a cashed up company can spend on growth.

Simply Wall St -

Does Epsilon Net S.A.'s (ATH:EPSIL) Recent Track Record Look Strong?

However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 28%, indicating the rate at which EPSIL is growing has slowed down. … Furthermore, its return on assets (ROA) of 4.1% is below the GR Software industry of 4.2%, indicating Epsilon Net's are utilized less efficiently. … You should continue to research Epsilon Net to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for EPSIL’s future growth?

Simply Wall St -

Imagine Holding Epsilon Net (ATH:EPSIL) Shares While The Price Zoomed 524% Higher

(ATH:EPSIL) share price, which skyrocketed 524% over three years. … During three years of share price growth, Epsilon Net achieved compound earnings per share growth of 20% per year. … In comparison, the 84% per year gain in the share price outpaces the EPS growth.

Simply Wall St -

Should We Worry About Epsilon Net S.A.'s (ATH:EPSIL) P/E Ratio?

To keep it practical, we'll show how Epsilon Net S.A.'s (ATH:EPSIL) P/E ratio could help you assess the value on offer. … Based on the last twelve months, Epsilon Net's P/E ratio is 23.88. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Why We’re Not Keen On Epsilon Net S.A.’s (ATH:EPSIL) 7.5% Return On Capital

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Company Info

Description

Epsilon Net S.A. operates in the areas of information technology in Greece. The company offers software solutions for taxation, accounting, and payroll and human resource management, as well as applications for commercial, retail, customer relations management, restaurant, hospitality, and services sectors. It also provides specialized training services to business executives and professionals through various professional training programs; custom business training; and operates e-forologia, a networking portal that addresses businesses and professionals of financial field. In addition, the company offers online search engine services; Tax e-Calendar, a networking tool of tax and labor tasks management; Komvos, a network of solutions to tax issues; Epsilon 7 magazine; and tax/accounting e-magazine. Epsilon Net S.A. was founded in 1999 and is based in Thessaloniki, Greece.

Details
Name: Epsilon Net S.A.
EPSIL
Exchange: ATSE
Founded: 1999
€21,233,336
11,175,440
Website: http://www.epsilonnet.gr
Address: Epsilon Net S.A.
87, 17th November street,
Pylaia,
Thessaloniki,
555 34,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ATSE EPSIL Ordinary Shares The Athens Stock Exchange GR EUR 26. Mar 2008
Number of employees
Current staff
Staff numbers
0
Epsilon Net employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 22:23
End of day share price update: 2020/03/31 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.