Measuring Thessaloniki Water Supply & Sewerage Co SA’s (ATH:EYAPS) track record of past performance is a useful exercise for investors. It enables us to understand whether or not the company has met or exceed expectations, which is an insightful signal for future performance. Today I will assess EYAPS’s recent performance announced on 30 June 2018 and weigh these figures against its long-term trend and industry movements.
Check out our latest analysis for Thessaloniki Water Supply & Sewerage
How Well Did EYAPS Perform?
EYAPS’s trailing twelve-month earnings (from 30 June 2018) of €18m has increased by 5.5% compared to the previous year.
Furthermore, this one-year growth rate has exceeded its 5-year annual growth average of 5.3%, indicating the rate at which EYAPS is growing has accelerated. What’s the driver of this growth? Let’s take a look at whether it is only because of industry tailwinds, or if Thessaloniki Water Supply & Sewerage has experienced some company-specific growth.
In terms of returns from investment, Thessaloniki Water Supply & Sewerage has fallen short of achieving a 20% return on equity (ROE), recording 11% instead. However, its return on assets (ROA) of 7.4% exceeds the GR Water Utilities industry of 4.7%, indicating Thessaloniki Water Supply & Sewerage has used its assets more efficiently. And finally, its return on capital (ROC), which also accounts for Thessaloniki Water Supply & Sewerage’s debt level, has increased over the past 3 years from 10% to 14%.
What does this mean?
While past data is useful, it doesn’t tell the whole story. Companies that have performed well in the past, such as Thessaloniki Water Supply & Sewerage gives investors conviction. However, the next step would be to assess whether the future looks as optimistic. I recommend you continue to research Thessaloniki Water Supply & Sewerage to get a better picture of the stock by looking at:
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Future Outlook: What are well-informed industry analysts predicting for EYAPS’s future growth? Take a look at our free research report of analyst consensus for EYAPS’s outlook.
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Financial Health: Are EYAPS’s operations financially sustainable? Balance sheets can be hard to analyze, which is why we’ve done it for you. Check out our financial health checks here.
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Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here.
NB: Figures in this article are calculated using data from the trailing twelve months from 30 June 2018. This may not be consistent with full year annual report figures.
To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.