AS Company (ASCO:ATH) : A Cheap Greek Toy

This is not the first time I feature a Greek company on this blog. Before, I have posted about: OPAP (1, 2) – The gambling monopoly which has doubled since my February 2013 write-up. METKA – The metal constructions company…

Jumbo 2002-2012 Sales, EBITDA, Net Income, Free Cash Flow, Return on Assets, Return on Equity

Jumbo 2002-2012

The Company Jumbo is the largest toy store chain in Greece.  It manufactures (mostly imports – 70% of its stock from China) and sells toys, prams, baby/children’s clothes and other accessories.  The company has 51 stores in Greece, 3 in…

OPAP's Gross Gaming Revenue, Earnings before Interest and Taxes, Net Income, and Free Cash Flow

OPAP 2013-2022

Last Friday, OPAP held a conference call and published management’s expectations for the coming 10 years.  For those who follow the company closely this is old news.  The rest may find it interesting. The Big Picture This graph gives you…

METKA Backlog

A Greek Company That Was Cheap

How Much Would You Pay for This Company? On average, it has generated €40-50m for shareholders over the past 10 years and has paid out 40% of it as a cash dividend.  Return on equity is in the high 20s. …

OPAP Net Income 2013-2030

A Greek Drama

How Much Would You Pay for This Company? Over the past ten years, it has generated roughly €500m annually for its shareholders.  This amount is matched by free cash flow (defined as net income plus depreciation less changes in working…