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ALPHA ADRIATIC d.d

ZGSE:ULPL
Snowflake Description

Slightly overvalued with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ULPL
ZGSE
HRK13M
Market Cap
  1. Home
  2. HR
  3. Transportation
Company description

ALPHA ADRIATIC d.d. provides maritime transportation services in Croatia and internationally. The last earnings update was 41 days ago. More info.


Add to Portfolio Compare Print
  • ALPHA ADRIATIC d.d has significant price volatility in the past 3 months.
ULPL Share Price and Events
7 Day Returns
8.9%
ZGSE:ULPL
6.3%
Europe Infrastructure
4.1%
HR Market
1 Year Returns
-34.1%
ZGSE:ULPL
-33.7%
Europe Infrastructure
-3.8%
HR Market
ULPL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ALPHA ADRIATIC d.d (ULPL) 8.9% -2.4% -29.5% -34.1% -87.2% -83.7%
Europe Infrastructure 6.3% -13.6% -34.9% -33.7% -26.2% -15.2%
HR Market 4.1% -5% -12.4% -3.8% -10.8% -3.8%
1 Year Return vs Industry and Market
  • ULPL matched the Infrastructure industry (-33.7%) over the past year.
  • ULPL underperformed the Market in Croatia which returned -3.8% over the past year.
Price Volatility
ULPL
Industry
5yr Volatility vs Market

ULPL Value

 Is ALPHA ADRIATIC d.d 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 ALPHA ADRIATIC d.d 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 ALPHA ADRIATIC d.d.

ZGSE:ULPL 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 19.2%
Perpetual Growth Rate 10-Year HR Government Bond Rate 0.7%

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 ZGSE:ULPL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HR Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 9.3%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.722 (1 + (1- 18%) (4578.5%))
18.986
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.66% + (2 * 9.25%)
19.16%

Discounted Cash Flow Calculation for ZGSE:ULPL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ALPHA ADRIATIC d.d 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.

ZGSE:ULPL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HRK, Millions) Source Present Value
Discounted (@ 19.16%)
2020 756.24 Est @ 87.24% 634.64
2021 1,219.58 Est @ 61.27% 858.91
2022 1,745.03 Est @ 43.09% 1,031.37
2023 2,274.79 Est @ 30.36% 1,128.29
2024 2,762.70 Est @ 21.45% 1,149.95
2025 3,182.95 Est @ 15.21% 1,111.85
2026 3,528.19 Est @ 10.85% 1,034.28
2027 3,803.05 Est @ 7.79% 935.60
2028 4,017.97 Est @ 5.65% 829.53
2029 4,184.87 Est @ 4.15% 725.07
Present value of next 10 years cash flows HRK9,439.00
ZGSE:ULPL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HRK4,184.87 × (1 + 0.66%) ÷ (19.16% – 0.66%)
HRK22,770.24
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HRK22,770.24 ÷ (1 + 19.16%)10
HRK3,945.14
ZGSE:ULPL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HRK9,439.00 + HRK3,945.14
HRK13,384.14
Equity Value per Share
(HRK)
= Total value / Shares Outstanding
= HRK13,384.14 / 0.55
HRK24470.28
ZGSE:ULPL Discount to Share Price
Calculation Result
Value per share (HRK) From above. HRK24,470.28
Current discount Discount to share price of HRK24.40
= -1 x (HRK24.40 - HRK24,470.28) / HRK24,470.28
99.9%

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

Current Discount
Amount off the current price ALPHA ADRIATIC d.d is available for.
Intrinsic value
>50%
Share price is HRK24.4 vs Future cash flow value of HRK24470.28
Current Discount Checks
For ALPHA ADRIATIC d.d to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • ALPHA ADRIATIC d.d's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • ALPHA ADRIATIC d.d'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 ALPHA ADRIATIC d.d's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ALPHA ADRIATIC d.d's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ZGSE:ULPL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in HRK HRK-493.44
ZGSE:ULPL Share Price ** ZGSE (2020-04-09) in HRK HRK24.4
Europe Infrastructure Industry PE Ratio Median Figure of 38 Publicly-Listed Infrastructure Companies 11.79x
Croatia Market PE Ratio Median Figure of 48 Publicly-Listed Companies 10.51x

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

** Primary Listing of ALPHA ADRIATIC d.d.

ZGSE:ULPL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ZGSE:ULPL Share Price ÷ EPS (both in HRK)

= 24.4 ÷ -493.44

-0.05x

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

  • ALPHA ADRIATIC d.d is loss making, we can't compare its value to the Europe Infrastructure industry average.
  • ALPHA ADRIATIC d.d is loss making, we can't compare the value of its earnings to the Croatia market.
Price based on expected Growth
Does ALPHA ADRIATIC d.d's expected growth come at a high price?
Raw Data
ZGSE:ULPL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Infrastructure Industry PEG Ratio Median Figure of 18 Publicly-Listed Infrastructure Companies 1.24x
Croatia Market PEG Ratio Median Figure of 8 Publicly-Listed Companies 2.16x

*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 ALPHA ADRIATIC d.d, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ALPHA ADRIATIC d.d's assets?
Raw Data
ZGSE:ULPL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in HRK HRK-701.59
ZGSE:ULPL Share Price * ZGSE (2020-04-09) in HRK HRK24.4
Europe Infrastructure Industry PB Ratio Median Figure of 44 Publicly-Listed Infrastructure Companies 1.13x
Croatia Market PB Ratio Median Figure of 63 Publicly-Listed Companies 0.66x
ZGSE:ULPL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ZGSE:ULPL Share Price ÷ Book Value per Share (both in HRK)

= 24.4 ÷ -701.59

-0.03x

* Primary Listing of ALPHA ADRIATIC d.d.

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

  • ALPHA ADRIATIC d.d has negative assets, we can't compare the value of its assets to the Europe Infrastructure industry average.
X
Value checks
We assess ALPHA ADRIATIC d.d'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 Infrastructure 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 Infrastructure industry average (and greater than 0)? (1 check)
  5. ALPHA ADRIATIC d.d 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.

ULPL Future Performance

 How is ALPHA ADRIATIC d.d 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 ALPHA ADRIATIC d.d 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
5%
Expected Infrastructure industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ALPHA ADRIATIC d.d expected to grow at an attractive rate?
  • Unable to compare ALPHA ADRIATIC d.d's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare ALPHA ADRIATIC d.d's earnings growth to the Croatia market average as no estimate data is available.
  • Unable to compare ALPHA ADRIATIC d.d's revenue growth to the Croatia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ZGSE:ULPL Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 5%
Europe Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Croatia Market Earnings Growth Rate Market Cap Weighted Average 4.4%
Croatia Market Revenue Growth Rate Market Cap Weighted Average 1.9%

*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
ZGSE:ULPL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HRK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ZGSE:ULPL Past Financials Data
Date (Data in HRK Millions) Revenue Cash Flow Net Income *
2019-12-31 136 404 -101
2019-09-30 140 86 -246
2019-06-30 144 -59 -285
2019-03-31 147 -31 -254
2018-12-31 153 32 -268
2018-09-30 157 84 -3
2018-06-30 167 94 11
2018-03-31 181 83 21
2017-12-31 180 24 0
2017-09-30 190 -33 1
2017-06-30 181 4 -32
2017-03-31 177 -15 -34

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if ALPHA ADRIATIC d.d is high growth as no earnings estimate data is available.
  • Unable to determine if ALPHA ADRIATIC d.d 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
ZGSE:ULPL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from ALPHA ADRIATIC d.d Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ZGSE:ULPL Past Financials Data
Date (Data in HRK Millions) EPS *
2019-12-31
2019-09-30
2019-06-30
2019-03-31
2018-12-31 -493.44
2018-09-30
2018-06-30
2018-03-31
2017-12-31 0.03
2017-09-30
2017-06-30
2017-03-31

*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 ALPHA ADRIATIC d.d will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. ALPHA ADRIATIC d.d'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 Transportation companies here
  2. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess ALPHA ADRIATIC d.d'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.
ALPHA ADRIATIC d.d 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.

ULPL Past Performance

  How has ALPHA ADRIATIC d.d 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 ALPHA ADRIATIC d.d's growth in the last year to its industry (Infrastructure).
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.
  • ALPHA ADRIATIC d.d does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare ALPHA ADRIATIC d.d's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare ALPHA ADRIATIC d.d's 1-year growth to the Europe Infrastructure industry average as it is not currently profitable.
Earnings and Revenue History
ALPHA ADRIATIC d.d'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 ALPHA ADRIATIC d.d Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ZGSE:ULPL Past Revenue, Cash Flow and Net Income Data
Date (Data in HRK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 136.46 -100.65
2019-09-30 140.03 -245.85 0.05
2019-06-30 143.51 -284.75 0.05
2019-03-31 147.29 -254.06 0.05
2018-12-31 153.41 -268.18 0.05
2018-09-30 156.57 -3.28 0.02
2018-06-30 167.23 10.60 0.02
2018-03-31 181.34 20.88 0.02
2017-12-31 179.55 0.02 0.02
2017-09-30 189.86 1.10 0.03
2017-06-30 181.40 -32.09 0.03
2017-03-31 176.84 -33.77 0.03
2016-12-31 179.83 -43.57 0.03
2016-09-30 172.95 -506.05 0.03
2016-06-30 194.38 -485.26 0.03
2016-03-31 193.47 -508.59 0.03
2015-12-31 212.10 -466.44 0.03
2015-09-30 225.09 -49.32 0.03
2015-06-30 233.81 -53.28 0.03
2015-03-31 236.64 -48.41 0.03
2014-12-31 236.39 -76.76 0.03
2014-09-30 252.41 -68.20 0.02
2014-06-30 240.65 -81.86 0.02
2014-03-31 240.69 -83.09 0.02
2013-12-31 227.69 -87.19 0.02
2013-09-30 212.59 -89.81 0.02
2013-06-30 210.25 -92.13 0.02

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if ALPHA ADRIATIC d.d has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if ALPHA ADRIATIC d.d has efficiently used its assets last year compared to the Europe Infrastructure industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if ALPHA ADRIATIC d.d improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess ALPHA ADRIATIC d.d'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 Infrastructure 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.
ALPHA ADRIATIC d.d 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.

ULPL Health

 How is ALPHA ADRIATIC d.d'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 ALPHA ADRIATIC d.d's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ALPHA ADRIATIC d.d's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • ALPHA ADRIATIC d.d's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of ALPHA ADRIATIC d.d'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.
  • ALPHA ADRIATIC d.d has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 ALPHA ADRIATIC d.d Company Filings, last reported 3 months ago.

ZGSE:ULPL Past Debt and Equity Data
Date (Data in HRK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 -381.16 611.03 8.92
2019-09-30 -233.61 873.87 9.48
2019-06-30 -270.87 985.47 9.47
2019-03-31 -266.90 1,007.89 5.87
2018-12-31 -264.53 993.53 3.55
2018-09-30 14.76 953.07 6.79
2018-06-30 12.57 951.46 14.03
2018-03-31 1.84 923.48 25.25
2017-12-31 5.41 1,035.68 4.32
2017-09-30 13.49 1,025.67 10.21
2017-06-30 13.83 1,055.03 10.36
2017-03-31 14.03 1,135.81 5.59
2016-12-31 36.52 1,188.09 18.17
2016-09-30 32.57 1,132.77 14.53
2016-06-30 56.73 1,121.37 15.19
2016-03-31 63.07 1,112.73 16.50
2015-12-31 91.58 1,173.79 30.88
2015-09-30 553.65 1,279.15 27.27
2015-06-30 554.39 1,326.62 34.74
2015-03-31 599.55 1,375.13 52.36
2014-12-31 512.58 1,362.62 42.37
2014-09-30 536.56 1,357.89 32.90
2014-06-30 493.29 1,279.66 33.99
2014-03-31 510.97 1,296.65 36.27
2013-12-31 517.36 1,307.13 35.14
2013-09-30 568.15 1,334.06 17.15
2013-06-30 592.72 1,334.63 12.83
  • ALPHA ADRIATIC d.d has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if ALPHA ADRIATIC d.d's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

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

  • Whilst loss making ALPHA ADRIATIC d.d has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making ALPHA ADRIATIC d.d has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -14.2% per year.
X
Financial health checks
We assess ALPHA ADRIATIC d.d'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. ALPHA ADRIATIC d.d has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

ULPL Dividends

 What is ALPHA ADRIATIC d.d'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 ALPHA ADRIATIC d.d dividends.
If you bought HRK2,000 of ALPHA ADRIATIC d.d shares you are expected to receive HRK0 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 ALPHA ADRIATIC d.d's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate ALPHA ADRIATIC d.d'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
ZGSE:ULPL 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 Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 6.7%
Croatia Market Average Dividend Yield Market Cap Weighted Average of 21 Stocks 5.7%
Croatia Minimum Threshold Dividend Yield 10th Percentile 1.9%
Croatia Bottom 25% Dividend Yield 25th Percentile 2.3%
Croatia Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

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

ZGSE:ULPL Past Annualized Dividends Data
Date (Data in HRK) Dividend per share (annual) Avg. Yield (%)
2011-05-17 35.000 10.570
2010-04-30 20.000 3.414
2010-04-16 20.000 3.047
2009-07-30 39.290 5.920
2009-04-30 39.290 6.178

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

  • Unable to perform a dividend volatility check as ALPHA ADRIATIC d.d has not reported any payouts.
  • Unable to verify if ALPHA ADRIATIC d.d's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of ALPHA ADRIATIC d.d's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as ALPHA ADRIATIC d.d 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 ALPHA ADRIATIC d.d's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.9%) - 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 ALPHA ADRIATIC d.d afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ALPHA ADRIATIC d.d 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.

ULPL Management

 What is the CEO of ALPHA ADRIATIC d.d'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.
  • ALPHA ADRIATIC d.d has no CEO, or we have no data on them.
Management Team

Robert Banko

TITLE
Financial Manager & Member of Supervisory Board
TENURE
1.7 yrs

Darko Sorc

TITLE
Member of Management Board

Igor Budisavljevic

TITLE
Director & Member of Management Board
AGE
54
TENURE
1.1 yrs

Bojana Mihajlovic

TITLE
Accounting Manager
Board of Directors

Amra Pende

TITLE
President of Supervisory Board

Robert Banko

TITLE
Financial Manager & Member of Supervisory Board
TENURE
5.7 yrs

Dubravko Kuseta

TITLE
Member of Supervisory Board
TENURE
1 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 (HRK) Value (HRK)
X
Management checks
We assess ALPHA ADRIATIC d.d'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. ALPHA ADRIATIC d.d 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.

ULPL News

Simply Wall St News

ULPL Company Info

Description

ALPHA ADRIATIC d.d. provides maritime transportation services in Croatia and internationally. The company primarily transports dry cargo, as well as petroleum products, chemicals, and oil products. Its fleet consists of four MR tankers and two Supramax bulk carriers. The company also performs management services for third party customers for various vessels; and provides travel agency services. The company was formerly known as Uljanik Plovidba D.D. and changed its name to ALPHA ADRIATIC d.d. in October 2019. ALPHA ADRIATIC d.d. is based in Pula, Croatia.

Details
Name: ALPHA ADRIATIC d.d.
ULPL
Exchange: ZGSE
Founded:
HRK13,345,702
546,955
Website: http://www.uljaniksm.com
Address: ALPHA ADRIATIC d.d.
Carrarina 6,
Pula,
52100,
Croatia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ZGSE ULPL Ordinary Shares Zagreb Stock Exchange HR HRK 07. Dec 2004
Number of employees
Current staff
Staff numbers
29
ALPHA ADRIATIC d.d employees.
Industry
Marine Ports and Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 23:17
End of day share price update: 2020/04/09 00:00
Last earnings filing: 2020/02/28
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.