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Evrofarma SA
ATHEX:EVROF

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Evrofarma SA
ATHEX:EVROF
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Price: 3.7 EUR -1.07% Market Closed
Market Cap: €50.6m

P/B

2.6
Current
86%
More Expensive
vs 3-y average of 1.4

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
2.6
=
Market Cap
€48.5m
/
Total Equity
€19.6m

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
2.6
=
Market Cap
€48.5m
/
Total Equity
€19.6m

Valuation Scenarios

Evrofarma SA is trading above its 3-year average

If P/B returns to its 3-Year Average (1.4), the stock would be worth €1.99 (46% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-58%
Maximum Upside
+90%
Average Downside
14%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 2.6 €3.7
0%
3-Year Average 1.4 €1.99
-46%
5-Year Average 1.1 €1.56
-58%
Industry Average 4.9 €7.03
+90%
Country Average 1.5 €2.18
-41%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
GR
Evrofarma SA
ATHEX:EVROF
50.6m EUR 2.6 18.8
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 77 420.4 540 752.8
CH
Nestle SA
SIX:NESN
205.8B CHF 6.4 23.2
US
Mondelez International Inc
NASDAQ:MDLZ
73.8B USD 2.9 30.1
FR
Danone SA
PAR:BN
43.3B EUR 2.6 23.8
ZA
Tiger Brands Ltd
JSE:TBS
48.7B ZAR 2.9 12.8
US
Hershey Co
NYSE:HSY
38.8B USD 8.4 44
CN
Muyuan Foods Co Ltd
SZSE:002714
237.6B CNY 3.1 24.3
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
231.2B CNY 5.6 32.8
ZA
Avi Ltd
JSE:AVI
32.7B ZAR 5.9 12.7
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
23.8B CHF 4.8 32.4

Market Distribution

Higher than 70% of companies in Greece
Percentile
70th
Based on 267 companies
70th percentile
2.6
Low
0 — 1.1
Typical Range
1.1 — 2.6
High
2.6 —
Distribution Statistics
Greece
Min 0
30th Percentile 1.1
Median 1.5
70th Percentile 2.6
Max 88.8

Evrofarma SA
Glance View

Market Cap
50.6m EUR
Industry
Food Products

Evrofarma SA engages in the production of milk and dairy products. The firm offers five ranges of products: Milk, including fresh whole, semi-skimmed and skimmed milk, highly pasteurized milk and chocolate flavored milk; the traditional Ariani Milk Drink, available also with added flavors; Yogurt, including traditional, cow-milk and strained yogurt; Milk Cream, as well as Cheese, such as goat, feta and organic feta cheese and anthotiro. The company also supplies the yellow cheeses of Doiranis brand, including traditional kasseri and semi-hard cheeses. The Company’s milk supplies come from various farmers and associates in Macedonia and Thrace. Its production facilities cover 10,000 square meters and it has four distribution centers in Northern Greece, as well as a fleet of privately owned trucks that distribute its products in more than 3,000 points of sale locations. Evrofarma SA has a wholly owned subsidiary, Campus SA, which deals mainly with milk production.

EVROF Intrinsic Value
2.49 EUR
Overvaluation 33%
Intrinsic Value
Price €3.7
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