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MLS Innovation

ATSE:MLS
Snowflake Description

Undervalued with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MLS
ATSE
€7M
Market Cap
  1. Home
  2. GR
  3. Software
Company description

MLS Innovation Inc. develops software applications and firmware for various electronic products in Greece and internationally. The last earnings update was 186 days ago. More info.


Add to Portfolio Compare Print
  • MLS Innovation has significant price volatility in the past 3 months.
MLS Share Price and Events
7 Day Returns
4.6%
ATSE:MLS
6.4%
GR Software
1.8%
GR Market
1 Year Returns
-88.9%
ATSE:MLS
-26%
GR Software
-20.5%
GR Market
MLS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MLS Innovation (MLS) 4.6% -35.6% -59.6% -88.9% -86.2% -85.4%
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
  • MLS underperformed the Software industry which returned -26% over the past year.
  • MLS underperformed the Market in Greece which returned -20.5% over the past year.
Price Volatility
MLS
Industry
5yr Volatility vs Market

MLS Value

 Is MLS Innovation 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 MLS Innovation 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 MLS Innovation.

ATSE:MLS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 27%
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:MLS
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%) (167.58%))
1.831
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.92% + (1.831 * 13.68%)
26.97%

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

The calculations below outline how an intrinsic value for MLS Innovation 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:MLS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 26.97%)
2020 2.27 Est @ 61.65% 1.79
2021 3.27 Est @ 43.73% 2.03
2022 4.29 Est @ 31.19% 2.09
2023 5.25 Est @ 22.41% 2.02
2024 6.10 Est @ 16.26% 1.85
2025 6.83 Est @ 11.96% 1.63
2026 7.44 Est @ 8.95% 1.40
2027 7.95 Est @ 6.84% 1.18
2028 8.38 Est @ 5.36% 0.98
2029 8.74 Est @ 4.33% 0.80
Present value of next 10 years cash flows €15.00
ATSE:MLS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €8.74 × (1 + 1.92%) ÷ (26.97% – 1.92%)
€35.56
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €35.56 ÷ (1 + 26.97%)10
€3.27
ATSE:MLS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €15.00 + €3.27
€18.27
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €18.27 / 12.42
€1.47
ATSE:MLS Discount to Share Price
Calculation Result
Value per share (EUR) From above. €1.47
Current discount Discount to share price of €0.59
= -1 x (€0.59 - €1.47) / €1.47
60.2%

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

Current Discount
Amount off the current price MLS Innovation is available for.
Intrinsic value
>50%
Share price is €0.59 vs Future cash flow value of €1.47
Current Discount Checks
For MLS Innovation to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • MLS Innovation's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • MLS Innovation'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 MLS Innovation's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MLS Innovation's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ATSE:MLS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €0.08
ATSE:MLS Share Price ** ATSE (2020-03-31) in EUR €0.59
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 MLS Innovation.

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

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

= 0.59 ÷ 0.08

7.5x

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

  • MLS Innovation is good value based on earnings compared to the GR Software industry average.
  • MLS Innovation is good value based on earnings compared to the Greece market.
Price based on expected Growth
Does MLS Innovation's expected growth come at a high price?
Raw Data
ATSE:MLS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 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 MLS Innovation, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on MLS Innovation's assets?
Raw Data
ATSE:MLS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €2.22
ATSE:MLS Share Price * ATSE (2020-03-31) in EUR €0.59
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:MLS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.59 ÷ 2.22

0.26x

* Primary Listing of MLS Innovation.

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

  • MLS Innovation is good value based on assets compared to the GR Software industry average.
X
Value checks
We assess MLS Innovation'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. MLS Innovation has a total score of 5/6, 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.

MLS Future Performance

 How is MLS Innovation expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
-0.6%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is MLS Innovation expected to grow at an attractive rate?
  • Unable to compare MLS Innovation's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare MLS Innovation's earnings growth to the Greece market average as no estimate data is available.
  • MLS Innovation's revenues are expected to decrease over the next 1-3 years, this is below the Greece market average.
Annual Growth Rates Comparison
Raw Data
ATSE:MLS Future Growth Rates Data Sources
Data Point Source Value (per year)
ATSE:MLS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -0.6%
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:MLS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ATSE:MLS Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 21 1
2019-12-31 19 1
ATSE:MLS Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 21 8 1
2019-03-31 21 8 1
2018-12-31 21 7 2
2018-09-30 22 5 2
2018-06-30 22 2 2
2018-03-31 23 2 2
2017-12-31 23 2 2
2017-09-30 24 3 2
2017-06-30 25 3 2
2017-03-31 25 5 2
2016-12-31 25 6 2
2016-09-30 25 4 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if MLS Innovation is high growth as no earnings estimate data is available.
  • MLS Innovation's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:MLS 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 1 Analyst Estimates (S&P Global) See Below

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

ATSE:MLS Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
ATSE:MLS Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 0.08
2019-03-31 0.11
2018-12-31 0.13
2018-09-30 0.13
2018-06-30 0.13
2018-03-31 0.14
2017-12-31 0.15
2017-09-30 0.16
2017-06-30 0.16
2017-03-31 0.17
2016-12-31 0.18
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 MLS Innovation will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess MLS Innovation'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.
MLS Innovation 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.

MLS Past Performance

  How has MLS Innovation performed over the past 5 years?

  • MLS Innovation's last earnings update was 186 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 MLS Innovation'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.
  • MLS Innovation's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • MLS Innovation's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • MLS Innovation's 1-year earnings growth is negative, it can't be compared to the GR Software industry average.
Earnings and Revenue History
MLS Innovation'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 MLS Innovation Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ATSE:MLS 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 21.06 0.94 5.70 0.02
2019-03-31 21.01 1.27 5.54 0.30
2018-12-31 20.96 1.60 5.37 0.57
2018-09-30 21.50 1.60 5.15 1.41
2018-06-30 22.05 1.60 4.85 2.25
2018-03-31 22.58 1.71 4.27 2.24
2017-12-31 23.10 1.83 3.68 2.23
2017-09-30 24.29 1.88 3.42 2.38
2017-06-30 25.49 1.94 3.16 2.53
2017-03-31 25.43 2.08 2.95 2.43
2016-12-31 25.38 2.22 2.74 2.32
2016-09-30 24.57 2.25 2.36 2.08
2016-06-30 22.00 2.56 2.04 1.65
2016-03-31 20.39 1.99 1.89 1.68
2015-12-31 21.40 2.02 1.93 1.68
2015-09-30 21.47 1.93 2.32 1.87
2015-06-30 20.19 2.08 2.26 1.95
2015-03-31 17.86 1.93 2.14 1.78
2014-12-31 14.38 1.69 1.76 1.60
2014-09-30 11.17 1.46 2.25 1.80
2014-06-30 10.42 1.43 1.44 0.88
2014-03-31 10.18 1.38 1.35 0.96
2013-12-31 9.09 1.17 1.28 0.93
2013-09-30 8.55 1.19 0.41 0.57
2013-06-30 8.14 1.08 1.13 1.23

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

MLS Health

 How is MLS Innovation'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 MLS Innovation's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • MLS Innovation is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • MLS Innovation's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of MLS Innovation's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

All data from MLS Innovation Company Filings, last reported 9 months ago.

ATSE:MLS Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 26.82 12.19 2.72
2019-03-31 26.82 12.19 2.72
2018-12-31 25.80 12.17 6.06
2018-09-30 25.80 12.17 6.06
2018-06-30 27.00 12.54 4.37
2018-03-31 27.00 12.54 4.37
2017-12-31 25.58 12.92 8.18
2017-09-30 25.58 12.92 8.18
2017-06-30 24.63 10.33 5.76
2017-03-31 24.63 10.33 5.76
2016-12-31 23.88 10.54 9.57
2016-09-30 23.88 10.54 9.57
2016-06-30 23.95 7.37 5.81
2016-03-31 23.95 7.37 5.81
2015-12-31 22.59 4.78 4.78
2015-09-30 22.45 0.45 1.91
2015-06-30 22.03 0.75 1.77
2015-03-31 21.74 0.00 2.87
2014-12-31 21.12 0.00 2.50
2014-09-30 21.28 1.65 2.25
2014-06-30 20.70 0.59 1.28
2014-03-31 20.43 0.32 1.80
2013-12-31 19.46 1.02 2.72
2013-09-30 19.15 0.42 2.64
2013-06-30 18.60 0.19 1.82
  • MLS Innovation's level of debt (45.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (2.9% vs 45.5% today).
  • Debt is well covered by operating cash flow (63.7%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess MLS Innovation'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. MLS Innovation has a total score of 3/6, 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.

MLS Dividends

 What is MLS Innovation'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
3.41%
Current annual income from MLS Innovation dividends.
If you bought €2,000 of MLS Innovation shares you are expected to receive €68 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?
  • MLS Innovation's pays a higher dividend yield than the bottom 25% of dividend payers in Greece (3%).
  • MLS Innovation's dividend is below the markets top 25% of dividend payers in Greece (5.27%).
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:MLS 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 1 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:MLS Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
ATSE:MLS Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-09-27 0.020 1.673
2019-04-24 0.020 0.409
2009-10-30 0.000 0.000
2009-07-30 0.000 0.000
2009-04-30 0.000 0.000

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

  • It is too early to tell whether MLS Innovation has stable dividend payments.
  • MLS Innovation only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of MLS Innovation's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess MLS Innovation'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 MLS Innovation afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. MLS Innovation has a total score of 2/6, see the detailed checks below.


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

MLS Management

 What is the CEO of MLS Innovation'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
John Kamatakis
AGE 49
CEO Bio

Mr. Ioannis N. Kamatakis, also known as John, serves as the President of the Board and Chief Executive Officer, President and Managing Director at MLS Multimedia SA. Mr. Kamatakis founded the company in 1989 while he was still in University. In 2010 he received the Greek Kouros award for Innovation & Development. Mr. Kamatakis graduated from the American College of Thessaloniki, Greece in 1988. He is an alumnus of the Aristotle University of Thessaloniki, having graduated from the Civil Engineering Faculty with a major in transportation and business organization.

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

John Kamatakis

TITLE
President of the Board
AGE
49

Konstantinos Papadopoulos

TITLE
Chief Financial Officer

Ioannis Zannas

TITLE
COO & Executive Director
AGE
39

Georgios Tachtalidis

TITLE
Investor Relations Manager
TENURE
17.3 yrs

Dimitirios Konstantoulas

TITLE
Legal Advisor & Non-Executive Director
AGE
53
TENURE
12.7 yrs

Efstathios Kyriakopoulos

TITLE
Sales Director & Executive Director
AGE
44
Board of Directors Tenure

Average tenure and age of the MLS Innovation board of directors in years:

11.5
Average Tenure
48
Average Age
  • The average tenure for the MLS Innovation board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

John Kamatakis

TITLE
President of the Board
AGE
49

Paraskevi Zachariadou

TITLE
Non-Executive Vice Chairman
AGE
47
TENURE
12.7 yrs

Ioannis Zannas

TITLE
COO & Executive Director
AGE
39

Dimitirios Konstantoulas

TITLE
Legal Advisor & Non-Executive Director
AGE
53
TENURE
12.7 yrs

Efstathios Kyriakopoulos

TITLE
Sales Director & Executive Director
AGE
44

Stergios Triantafillidis

TITLE
Independent Non-Executive Director
AGE
63
TENURE
10.3 yrs

Nicos Koulis

TITLE
Independent Non-Executive Director
AGE
62

Pantelis Papageorgiou

TITLE
Independent Non-Executive Director
AGE
48
TENURE
3.3 yrs

Murtada Shawki

TITLE
Director
AGE
41
Who owns this company?
Recent Insider Trading
  • MLS Innovation individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
07. Nov 19 Buy Ioannis Kamatakis Individual 07. Nov 19 07. Nov 19 8,470 €1.51 €12,790
14. Oct 19 Buy Ioannis Kamatakis Individual 14. Oct 19 14. Oct 19 2,500 €1.83 €4,575
11. Oct 19 Buy Ioannis Kamatakis Individual 11. Oct 19 11. Oct 19 470 €2.73 €1,283
10. Oct 19 Buy Ioannis Kamatakis Individual 10. Oct 19 10. Oct 19 2,861 €2.96 €8,469
09. Oct 19 Buy Ioannis Kamatakis Individual 09. Oct 19 09. Oct 19 2,370 €3.00 €7,110
08. Oct 19 Buy Ioannis Kamatakis Individual 08. Oct 19 08. Oct 19 12,789 €3.27 €41,820
04. Oct 19 Buy Ioannis Kamatakis Individual 04. Oct 19 04. Oct 19 1,000 €3.96 €3,960
03. Oct 19 Buy Ioannis Kamatakis Individual 03. Oct 19 03. Oct 19 1,680 €3.94 €6,619
01. Oct 19 Buy Ioannis Kamatakis Individual 01. Oct 19 01. Oct 19 1,700 €4.19 €7,123
30. Sep 19 Buy Ioannis Kamatakis Individual 30. Sep 19 30. Sep 19 2,810 €4.31 €12,111
27. Sep 19 Buy Ioannis Kamatakis Individual 27. Sep 19 27. Sep 19 550 €4.46 €2,453
26. Sep 19 Buy Ioannis Kamatakis Individual 26. Sep 19 26. Sep 19 790 €4.48 €3,539
25. Sep 19 Buy Ioannis Kamatakis Individual 25. Sep 19 25. Sep 19 1,910 €4.51 €8,614
24. Sep 19 Buy Ioannis Kamatakis Individual 24. Sep 19 24. Sep 19 3,600 €4.51 €16,236
20. Sep 19 Buy Ioannis Kamatakis Individual 20. Sep 19 20. Sep 19 11,100 €4.52 €50,172
19. Sep 19 Buy Ioannis Kamatakis Individual 19. Sep 19 19. Sep 19 2,600 €4.69 €12,194
18. Sep 19 Buy Ioannis Kamatakis Individual 18. Sep 19 18. Sep 19 1,300 €4.74 €6,162
17. Sep 19 Buy Ioannis Kamatakis Individual 17. Sep 19 17. Sep 19 2,200 €4.71 €10,362
16. Sep 19 Buy Ioannis Kamatakis Individual 16. Sep 19 16. Sep 19 1,450 €4.69 €6,801
02. Aug 19 Buy Ioannis Kamatakis Individual 02. Aug 19 02. Aug 19 10,300 €4.81 €49,543
01. Aug 19 Buy Ioannis Kamatakis Individual 01. Aug 19 01. Aug 19 5,150 €4.83 €24,875
31. Jul 19 Buy Ioannis Kamatakis Individual 31. Jul 19 31. Jul 19 4,200 €4.83 €20,286
30. Jul 19 Buy Ioannis Kamatakis Individual 30. Jul 19 30. Jul 19 2,500 €4.82 €12,050
29. Jul 19 Buy Ioannis Kamatakis Individual 29. Jul 19 29. Jul 19 1,450 €4.84 €7,018
26. Jul 19 Buy Ioannis Kamatakis Individual 26. Jul 19 26. Jul 19 2,850 €4.81 €13,708
25. Jul 19 Buy Ioannis Kamatakis Individual 25. Jul 19 25. Jul 19 11,050 €4.72 €52,156
23. Jul 19 Buy Ioannis Kamatakis Individual 23. Jul 19 23. Jul 19 4,500 €4.78 €21,510
22. Jul 19 Buy Ioannis Kamatakis Individual 22. Jul 19 22. Jul 19 1,900 €4.86 €9,234
19. Jul 19 Buy Ioannis Kamatakis Individual 19. Jul 19 19. Jul 19 4,250 €4.88 €20,740
18. Jul 19 Buy Ioannis Kamatakis Individual 18. Jul 19 18. Jul 19 1,530 €4.91 €7,512
17. Jul 19 Buy Ioannis Kamatakis Individual 17. Jul 19 17. Jul 19 1,850 €4.90 €9,065
16. Jul 19 Buy Ioannis Kamatakis Individual 16. Jul 19 16. Jul 19 4,530 €4.87 €22,061
08. Jul 19 Buy Ioannis Kamatakis Individual 08. Jul 19 08. Jul 19 3,000 €4.91 €14,730
05. Jul 19 Buy Ioannis Kamatakis Individual 05. Jul 19 05. Jul 19 4,300 €4.94 €21,242
04. Jul 19 Buy Ioannis Kamatakis Individual 04. Jul 19 04. Jul 19 2,000 €4.94 €9,880
03. Jul 19 Buy Ioannis Kamatakis Individual 03. Jul 19 03. Jul 19 17,500 €4.93 €86,275
27. Jun 19 Buy Ioannis Kamatakis Individual 27. Jun 19 27. Jun 19 2,000 €4.99 €9,980
21. Jun 19 Buy Ioannis Kamatakis Individual 21. Jun 19 21. Jun 19 1,740 €5.00 €8,700
14. Jun 19 Buy Ioannis Kamatakis Individual 14. Jun 19 14. Jun 19 22,200 €5.00 €111,000
13. Jun 19 Buy Ioannis Kamatakis Individual 13. Jun 19 13. Jun 19 1,030 €5.02 €5,171
12. Jun 19 Buy Ioannis Kamatakis Individual 12. Jun 19 12. Jun 19 1,030 €5.01 €5,160
11. Jun 19 Buy Ioannis Kamatakis Individual 11. Jun 19 11. Jun 19 4,300 €5.01 €21,543
10. Jun 19 Buy Ioannis Kamatakis Individual 10. Jun 19 10. Jun 19 1,950 €5.04 €9,828
07. Jun 19 Buy Ioannis Kamatakis Individual 07. Jun 19 07. Jun 19 19,100 €5.01 €95,691
06. Jun 19 Buy Ioannis Kamatakis Individual 06. Jun 19 06. Jun 19 1,150 €5.07 €5,831
05. Jun 19 Buy Ioannis Kamatakis Individual 05. Jun 19 05. Jun 19 1,550 €5.03 €7,796
04. Jun 19 Buy Ioannis Kamatakis Individual 04. Jun 19 04. Jun 19 1,000 €5.00 €5,000
03. Jun 19 Buy Ioannis Kamatakis Individual 03. Jun 19 03. Jun 19 1,700 €5.05 €8,585
31. May 19 Buy Ioannis Kamatakis Individual 31. May 19 31. May 19 2,000 €5.04 €10,080
30. May 19 Buy Ioannis Kamatakis Individual 30. May 19 30. May 19 3,950 €5.05 €19,948
29. May 19 Buy Ioannis Kamatakis Individual 29. May 19 29. May 19 2,050 €5.01 €10,270
28. May 19 Buy Ioannis Kamatakis Individual 28. May 19 28. May 19 17,800 €5.02 €89,356
27. May 19 Buy Ioannis Kamatakis Individual 27. May 19 27. May 19 6,910 €5.01 €34,619
24. May 19 Buy Ioannis Kamatakis Individual 24. May 19 24. May 19 1,500 €5.00 €7,500
23. May 19 Buy Ioannis Kamatakis Individual 23. May 19 23. May 19 950 €4.97 €4,721
22. May 19 Buy Ioannis Kamatakis Individual 22. May 19 22. May 19 1,750 €4.98 €8,715
21. May 19 Buy Ioannis Kamatakis Individual 21. May 19 21. May 19 2,300 €4.97 €11,431
20. May 19 Buy Ioannis Kamatakis Individual 20. May 19 20. May 19 1,700 €4.97 €8,449
17. May 19 Buy Ioannis Kamatakis Individual 17. May 19 17. May 19 4,450 €5.00 €22,250
16. May 19 Buy Ioannis Kamatakis Individual 16. May 19 16. May 19 3,200 €5.03 €16,096
15. May 19 Buy Ioannis Kamatakis Individual 15. May 19 15. May 19 2,700 €5.05 €13,635
14. May 19 Buy Ioannis Kamatakis Individual 14. May 19 14. May 19 4,600 €5.07 €23,322
13. May 19 Buy Ioannis Kamatakis Individual 13. May 19 13. May 19 3,250 €5.06 €16,445
10. May 19 Buy Ioannis Kamatakis Individual 10. May 19 10. May 19 2,490 €5.13 €12,774
09. May 19 Buy Ioannis Kamatakis Individual 09. May 19 09. May 19 2,650 €5.03 €13,329
08. May 19 Buy Ioannis Kamatakis Individual 08. May 19 08. May 19 3,910 €5.05 €19,745
07. May 19 Buy Ioannis Kamatakis Individual 07. May 19 07. May 19 2,800 €5.04 €14,112
06. May 19 Buy Ioannis Kamatakis Individual 06. May 19 06. May 19 6,500 €5.04 €32,760
03. May 19 Buy Ioannis Kamatakis Individual 03. May 19 03. May 19 4,050 €5.13 €20,777
02. May 19 Buy Ioannis Kamatakis Individual 02. May 19 02. May 19 2,450 €5.19 €12,716
02. May 19 Sell Ioannis Kamatakis Individual 02. May 19 02. May 19 -5,000 €1.00 €-5,000
30. Apr 19 Buy Ioannis Kamatakis Individual 30. Apr 19 30. Apr 19 1,600 €5.19 €8,304
25. Apr 19 Buy Ioannis Kamatakis Individual 25. Apr 19 25. Apr 19 1,000 €5.17 €5,170
24. Apr 19 Buy Ioannis Kamatakis Individual 24. Apr 19 24. Apr 19 2,300 €5.17 €11,891
23. Apr 19 Buy Ioannis Kamatakis Individual 23. Apr 19 23. Apr 19 3,350 €5.16 €17,286
18. Apr 19 Sell Ioannis Kamatakis Individual 18. Apr 19 18. Apr 19 -67,192 €5.06 €-339,992
17. Apr 19 Buy Ioannis Kamatakis Individual 17. Apr 19 17. Apr 19 1,850 €5.18 €9,583
16. Apr 19 Buy Ioannis Kamatakis Individual 16. Apr 19 16. Apr 19 2,300 €5.14 €11,822
15. Apr 19 Buy Ioannis Kamatakis Individual 15. Apr 19 15. Apr 19 2,900 €5.10 €14,790
12. Apr 19 Buy Ioannis Kamatakis Individual 12. Apr 19 12. Apr 19 7,380 €5.13 €37,859
11. Apr 19 Buy Ioannis Kamatakis Individual 11. Apr 19 11. Apr 19 5,470 €5.18 €28,335
10. Apr 19 Buy Ioannis Kamatakis Individual 10. Apr 19 10. Apr 19 3,000 €5.20 €15,600
09. Apr 19 Buy Ioannis Kamatakis Individual 09. Apr 19 09. Apr 19 4,000 €5.24 €20,960
05. Apr 19 Buy Ioannis Kamatakis Individual 05. Apr 19 05. Apr 19 2,350 €5.24 €12,314
08. Apr 19 Buy Ioannis Kamatakis Individual 08. Apr 19 08. Apr 19 3,550 €5.24 €18,602
03. Apr 19 Buy Ioannis Kamatakis Individual 03. Apr 19 03. Apr 19 2,200 €5.24 €11,528
02. Apr 19 Buy Ioannis Kamatakis Individual 02. Apr 19 02. Apr 19 3,250 €5.26 €17,095
01. Apr 19 Buy Ioannis Kamatakis Individual 01. Apr 19 01. Apr 19 2,650 €5.26 €13,939
08. Feb 19 Sell Ioannis Kamatakis Individual 08. Feb 20 08. Feb 20 -20,000 €4.96 €-99,200
X
Management checks
We assess MLS Innovation'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. MLS Innovation 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.

MLS News

Simply Wall St News

Are MLS Innovation Inc.’s (ATH:MLS) Returns On Investment Worth Your While?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for MLS Innovation: 0.069 = €2.6m ÷ (€51m - €14m) (Based on the trailing twelve months to December 2018.) Therefore, MLS Innovation has an ROCE of 6.9%. … MLS Innovation's Current Liabilities And Their Impact On Its ROCE Liabilities, such as supplier bills and bank overdrafts, are referred to as current liabilities if they need to be paid within 12 months. … Due to the way the ROCE equation works, having large bills due in the near term can make it look as though a company has less capital employed, and thus a higher ROCE than usual.

Simply Wall St -

Did You Miss MLS Innovation's (ATH:MLS) 31% Share Price Gain?

(ATH:MLS) share price return of 31% over three years lags the market return in the same period. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … During the three years of share price growth, MLS Innovation actually saw its earnings per share (EPS) drop 7.1% per year.

Simply Wall St -

These 4 Measures Indicate That MLS Innovation (ATH:MLS) Is Using Debt Extensively

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' It's only natural to consider a company's balance sheet when you examine how risky it is, since debt is often involved when a business collapses. … (ATH:MLS) does have debt on its balance sheet. … Our View To be frank both MLS Innovation's interest cover and its track record of converting EBIT to free cash flow make us rather uncomfortable with its debt levels.

Simply Wall St -

Here's What MLS Innovation Inc.'s (ATH:MLS) P/E Is Telling Us

Check out our latest analysis for MLS Innovation How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for MLS Innovation: P/E of 37.22 = €4.94 ÷ €0.13 (Based on the year to December 2018.) Is A High P/E Ratio Good? … ATSE:MLS Price Estimation Relative to Market, July 15th 2019 Its relatively high P/E ratio indicates that MLS Innovation shareholders think it will perform better than other companies in its industry classification.

Simply Wall St -

Should MLS Innovation Inc.'s (ATH:MLS) Recent Earnings Decline Worry You?

(ATH:MLS) released its most recent earnings update (31 December 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 3.0%, indicating the rate at which MLS is growing has slowed down. … You should continue to research MLS Innovation to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for MLS’s future growth?

Simply Wall St -

Do Insiders Own Shares In MLS Innovation Inc. (ATH:MLS)?

Generally speaking, as a company grows, institutions will increase their ownership. … As Charlie Munger said 'Show me the incentive and I will show you the outcome.' With a market capitalization of €61m, MLS Innovation is a small cap stock, so it might not be well known by many institutional investors. … However, high insider ownership can also give immense power to a small group within the company.

Simply Wall St -

You Might Like MLS Innovation Inc. (ATH:MLS) But Do You Like Its Debt?

Additionally, MLS has produced cash from operations of €7.4m over the same time period, resulting in an operating cash to total debt ratio of 61%, meaning that MLS’s current level of operating cash is high enough to cover debt. … With current liabilities at €14m, it appears that the company has been able to meet these obligations given the level of current assets of €22m, with a current ratio of 1.59x. … Next Steps: Although MLS’s debt level is towards the higher end of the spectrum, its cash flow coverage seems adequate to meet obligations which means its debt is being efficiently utilised.

Simply Wall St -

Taking A Look At MLS Innovation Inc.'s (ATH:MLS) ROE

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for MLS Innovation: 6.2% = €1.6m ÷ €26m (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 MLS Innovation Have A Good Return On Equity? … In Summary Return on equity is one way we can compare the business quality of different companies.

Simply Wall St -

Don’t Buy MLS Innovation Inc. (ATH:MLS) Until You Understand Its ROCE

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

Simply Wall St -

Did MLS Innovation Inc. (ATH:MLS) Insiders Sell Shares?

In the last twelve months, the biggest single sale by an insider was when the President of the Board, Ioannis Kamatakis, sold €1.6m worth of shares at a price of €4.33 per share. … While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. … Ioannis Kamatakis was the only individual insider to sell shares in the last twelve months

Simply Wall St -

MLS Company Info

Description

MLS Innovation Inc. develops software applications and firmware for various electronic products in Greece and internationally. It offers educational technology products, navigators, smartphones, tablets, smart TVs, and laptops, as well as accessories. The company was formerly known as MLS Multimedia S.A. and changed its name to MLS Innovation Inc. in July 2017. MLS Innovation Inc. was founded in 1989 and is based in Thessaloniki, Greece.

Details
Name: MLS Innovation Inc.
MLS
Exchange: ATSE
Founded: 1989
€7,276,362
12,417,000
Website: http://www.mls.gr
Address: MLS Innovation Inc.
Vepe Technopolis, 555 35,
Pylaia,
Thessaloniki,
570 01,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ATSE MLS Ordinary Shares The Athens Stock Exchange GR EUR 13. Jun 2001
LSE 0F9X Ordinary Shares London Stock Exchange GB EUR 13. Jun 2001
Number of employees
Current staff
Staff numbers
0
MLS Innovation employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 22:15
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2019/08/23
Last earnings filing: 2019/09/27
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.