Today I will examine Thessaloniki Port Authority Societe Anonyme’s (ATSE:OLTH) latest earnings update (30 June 2017) and compare these figures against its performance over the past couple of years, in addition to how the rest of OLTH’s industry performed. As a long-term investor, I find it useful to analyze the company’s trend over time in order to estimate whether or not the company is able to meet its goals, and eventually grow sustainably over time. See our latest analysis for Thessaloniki Port Authority Societe Anonyme
Did OLTH’s recent earnings growth beat the long-term trend and the industry?
For the most up-to-date info, I use data from the most recent 12 months, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. This technique allows me to assess different companies on a similar basis, using the most relevant data points. For Thessaloniki Port Authority Societe Anonyme, its latest earnings (trailing twelve month) is €18.34M, which, against last year’s figure, has jumped up by 35.83%. Since these figures may be fairly nearsighted, I have computed an annualized five-year figure for Thessaloniki Port Authority Societe Anonyme’s net income, which stands at €16.64M This means generally, Thessaloniki Port Authority Societe Anonyme has been able to consistently improve its profits over the past few years as well.
What’s enabled this growth? Let’s see whether it is solely due to industry tailwinds, or if Thessaloniki Port Authority Societe Anonyme has experienced some company-specific growth. Over the past few years, Thessaloniki Port Authority Societe Anonyme expanded bottom-line, while its top-line declined, by efficiently managing its costs. This brought about to a margin expansion and profitability over time. Inspecting growth from a sector-level, the GR infrastructure industry has been growing its average earnings by double-digit 13.51% over the prior twelve months, and a more subdued 5.95% over the past five. This shows that any uplift the industry is enjoying, Thessaloniki Port Authority Societe Anonyme is able to amplify this to its advantage.
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 Port Authority Societe Anonyme gives investors conviction. However, the next step would be to assess whether the future looks as optimistic. You should continue to research Thessaloniki Port Authority Societe Anonyme to get a more holistic view of the stock by looking at: