olivLaw · European equity research
ΦΑΙΣ ΣΥΜΜΕΤΟΧΩΝ ΑΝΩΝΥΜΗ ΕΤΑΙΡΕΙΑ FAIS.AT
Greece · Athens Stock Exchange · ISIN GRS542003009 · Vertical: Listed companies from Greece
ΦΑΙΣ ΣΥΜΜΕΤΟΧΩΝ ΑΝΩΝΥΜΗ ΕΤΑΙΡΕΙΑ is the Athens-listed company whose board proposes, for fiscal 2025, a gross dividend of 0.155 EUR per share, subject to general meeting approval. The sources analysed are mainly the annual report and corporate governance statement, which describe the management structure and commitments to adjust governance practices.
At the close of 05 Nov 2026, ΦΑΙΣ ΣΥΜΜΕΤΟΧΩΝ ΑΝΩΝΥΜΗ ΕΤΑΙΡΕΙΑ (FAIS.AT) stock was 3.22 EUR (+0.78% on the day), with market capitalisation 117.2 m EUR, P/E 8.7 on diluted EPS of 0.37 EUR over the last 12 months, beta 0.70, 52-week range 3.05–3.98 EUR.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 51.2
- neutral
- Bollinger (20, 2)
- 3.01 – 3.33
- in the upper half of the band · %B 0.65 · band width 10.1%
- SMA 50 / 200
- 3.25 / 3.50
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.00 / -0.01
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | +1.9% | −0.6% | +2.5 pp | — |
| 3 months | −7.2% | −4.2% | −3.0 pp | — |
| 6 months | −10.6% | +4.3% | −14.9 pp | — |
| Year to date | −6.5% | +7.5% | −14.0 pp | — |
| 1 year | −0.6% | +9.9% | −10.5 pp | +0.9% |
| 3 years | unavailable | +49.8% | unavailable | +34.3% |
| 5 years | unavailable | +42.8% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2023 | 2024 |
|---|---|---|
| Revenue | 191.3 m | 216.1 m |
| Revenue YoY | unavailable | +12.9% |
| Net income | 4.7 m | 13.7 m |
| Net income YoY | unavailable | +188.1% |
| Diluted EPS | 0.20 | 0.37 |
| Diluted EPS YoY | unavailable | +87.3% |
| net % | 2.5% | 6.3% |
| Free cash flow | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2024 · 31 Dec 2024
- Cash
- 13.5 m EUR
- Financial debt
- 50.3 m EUR
- Net debt
- 36.9 m EUR
- Equity
- 71.9 m EUR
- Total assets
- 333.6 m EUR
- Debt / equity
- 0.70x
- Current ratio
- unavailable
- ROE
- 21.1%
- ROA
- 4.3%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2023 | 2024 | Source (latest year) |
|---|---|---|---|
| Revenue | 191.3 m | 216.1 m | esef· 23 Oct 2026verified |
| Cost of revenue | 105.8 m | 120.1 m | esef· 23 Oct 2026verified |
| Gross profit | 85.5 m | 96.0 m | esef· 23 Oct 2026verified |
| Operating income | 27.2 m | 28.2 m | esef· 23 Oct 2026verified |
| Interest expense | 10.7 m | 11.2 m | esef· 23 Oct 2026verified |
| Pre-tax income | 9.8 m | 19.6 m | esef· 23 Oct 2026verified |
| Income tax | 4.7 m | 5.8 m | esef· 23 Oct 2026verified |
| Net income | 4.7 m | 13.7 m | esef· 23 Oct 2026verified |
| Diluted EPS | 0.20 | 0.37 | esef· 23 Oct 2026verified |
Balance sheet · EUR
| Line | 2023 | 2024 | Source (latest year) |
|---|---|---|---|
| Cash | 12.3 m | 13.5 m | esef· 23 Oct 2026verified |
| Inventories | 44.4 m | 49.0 m | esef· 23 Oct 2026verified |
| Property, plant & equipment, net | 21.6 m | 49.7 m | esef· 23 Oct 2026verified |
| Goodwill | 30.6 m | 35.5 m | esef· 23 Oct 2026verified |
| Intangibles (excl. goodwill) | 14.1 m | 13.7 m | esef· 23 Oct 2026verified |
| Total assets | 305.3 m | 333.6 m | esef· 23 Oct 2026verified |
| Long-term debt | 30.0 m | 50.3 m | esef· 23 Oct 2026verified |
| Current liabilities | 166.2 m | 148.0 m | esef· 23 Oct 2026verified |
| Total liabilities | 247.3 m | 261.7 m | esef· 23 Oct 2026verified |
| Equity | 58.0 m | 71.9 m | esef· 23 Oct 2026verified |
| Shares outstanding at year end | 24.1 m | 36.4 m | esef· 23 Oct 2026derived |
Cash flow · EUR
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 4 of at least 6
- score weight coverage: 33.3% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 117.2 m EUR
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
33% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 3.05 – 5.05 EUR.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (EUR per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/E3.05 – 5.05 (Mid 4.17)26 companies used · median multiple 11.3x · quartiles 8.3x – 13.7xAEGN.AT, AEM.AT, ALMY.AT, ASCO.AT, ASTAK.AT, AVAX.AT, BELA.AT, BIOKA.AT, BIOSK.AT, BIOT.AT, BRIQ.AT, BYLOT.AT, CENER.AT, CENTR.AT, DAIOS.AT, DIMAND.AT, EIS.AT, ELBE.AT, ELHA.AT, ELLAKTOR.AT, ELSTR.AT, ELTON.AT, ETE.AT, EUROB.AT, EYAPS.AT, FLEXO.AT
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Assumptions (illustrative, editorial)
- Risk-free rate
- 3.0%
- Equity risk premium
- 5.5%
- Beta (default)
- 1.00
- Cost of equity
- 8.5%
- Terminal growth
- 2.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 4 of at least 6; score weight coverage: 33.3% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 21.5% | 85 (vs peers) | 31% |
| Net margin · Quality | 6.3% | 44 (vs peers) | 19% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 2.5x | 16 (on a fixed band) | 19% |
| Current ratio · Balance sheet | unavailable | unavailable | — |
| P/E (TTM) · Valuation | 8.7x | 73 (vs peers) | 31% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial16/100 · 1/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality70/100 · 2/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial73/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
ΦΑΙΣ ΣΥΜΜΕΤΟΧΩΝ ΑΝΩΝΥΜΗ ΕΤΑΙΡΕΙΑ (FAIS.AT). Latest full fiscal year: 2024; data up to 2024-12-31.
Figures computed from the financial statements: revenue 216.1 m EUR in 2024; YoY growth 12.9%; net margin 6.3%; ROE 22.1%.
The estimated value range is 3.05–5.05 EUR per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 4.17 EUR, the price of 3.22 EUR leaves a potential of 29.4% (value / price − 1) and a margin of safety of 22.7% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 4 of at least 6; score weight coverage: 33.3% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 21.5%
- P/E (TTM): 8.7x
What contradicts it
- Interest coverage: 2.5x
Not assessed (insufficient data or a ratio without meaning): FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, Current ratio, EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from Greece · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| EUROB.ATΤραπεζα Eurobank Ανωνυμη Eταιρεια | 17.3 bn | 12.7 | 14.0% | 39.7% | +2.7% | +38% / +178% |
| ETE.ATΕθνικη Τραπεζα Της Ελλαδος Α.ε. | 15.2 bn | 13.1 | 13.3% | 42.5% | −5.4% | +24% / +167% |
| ELPE.ATHelleniq Energy Ανωνυμη Εταιρεια Συμμετοχων | 4.9 bn | 28.5 | 6.4% | 1.5% | −9.0% | +97% / +114% |
| CENER.ATCenergy Holdings | 4.5 bn | 23.5 | 24.3% | 9.4% | +14.7% | +45% / +207% |
| BELA.ATJumbo Ανωνυμη Εμπορικη Εταιρεια | 3.7 bn | 11.6 | 21.5% | 26.0% | +7.2% | +1% / +15% |
| AKTR.ATΑκtor Ανώνυμη Εταιρεία Συμμετοχών, Τεχνικών Και Ενεργειακών Έργων | 2.0 bn | 110.5 | 6.7% | 1.3% | +11.2% | +7% / +186% |
| EYDAP.ATΕταιρια Υδρευσεως Και Αποχετευσεως Πρωτευουσης Ανωνυμη Εταιρια | 1.5 bn | — | -2.6% | -5.9% | −2.4% | +86% / +136% |
| ELHA.ATEλβαλχαλκορ Ελληνικη Βιομηχανια Χαλκου Και Αλουμινιου Ανωνυμος Εταιρεια | 1.3 bn | 12.4 | 9.8% | 2.9% | +5.1% | +6% / +83% |
| AEGN.ATΑεροπορια Αιγαιου Ανωνυμη Αεροπορικη Εταιρεια | 1.0 bn | 6.9 | 27.7% | 7.9% | +4.6% | −21% / −1% |
| AVAX.ATΑβαξ Ανωνυμη Εταιρεια Εργοληπτικη-Τουριστικη-Εμπορικη-Βιομηχανικη-Οικοδομικων Υλικων & Μηχανηματων | 505.7 m | 10.7 | 25.9% | 5.0% | +47.1% | +40% / +123% |
| BYLOT.ATBally's Intralot Α.ε. | 464.8 m | 15.3 | -9.3% | -12.6% | +34.8% | +12% / +18% |
| ELLAKTOR.ATΕλλακτωρ Ανωνυμη Εταιρεια | 421.5 m | 2.7 | 26.1% | 175.2% | −74.8% | −32% / −44% |
| AEM.ATAlter Ego Media Α.ε. | 356.1 m | 18.1 | 18.3% | 14.0% | +12.6% | −2% / unavailable |
| ALMY.ATΑλουμυλ Βιομηχανια Αλουμινιου Αε | 324.0 m | 10.5 | 23.5% | 6.0% | +11.7% | +16% / +121% |
| DIMAND.ATDimand Ανωνυμη Εταιρεια Αξιοποιησης Και Εκμεταλλευσης Ακινητων Και Κατασκευων Υπηρεσιων Και Συμμετοχων | 266.7 m | 7.6 | 18.5% | 58.5% | +110.6% | +42% / +28% |
| EYAPS.ATΕταιρεια Υδρευσης & Αποχετευσης Θεσσαλονικης Α.ε. | 169.9 m | 22.0 | 4.1% | 8.8% | +2.4% | +24% / +42% |
| EVR.ATΕυρώπη Holdings Α.ε. | 168.6 m | 37.2 | 2.9% | 30.7% | +435.3% | −32% / +33% |
| BRIQ.ATBriq Properties Ανωνυμη Εταιρεια Επενδυσεων Σε Ακινητη Περιουσια | 150.0 m | 5.9 | 15.5% | 116.9% | +37.8% | +13% / +70% |
| FAIS.ATΦαις Συμμετοχων Ανωνυμη Εταιρεια | 117.2 m | 8.7 | 22.1% | 6.3% | +12.9% | −6% / unavailable |
| DAIOS.ATΔαϊος Πλαστικα Ανωνυμη Βιομηχανικη Εμπορικη Εταιρεια Α.ε. | 107.2 m | 10.9 | 14.0% | 15.6% | +9.1% | 0% / +123% |
| ASTAK.ATAlpha Real Estate Services Ae | 93.3 m | 12.4 | 10.4% | 30.3% | +22.4% | −8% / −8% |
| FLEXO.ATFlexopack Ανωνυμη Εμπορικη Και Βιομηχανικη Εταιρεια Πλαστικων | 92.5 m | 8.3 | 8.3% | 6.8% | +4.6% | −2% / −2% |
| ASCO.ATA.s. Εμπορικη-Βιομηχανικη Εταιρια Η/υ & Παιχνιδιων Α.ε. | 59.8 m | 10.5 | 14.1% | 15.8% | +16.4% | +11% / +106% |
| AVE.ATAve Α.ε. | 50.9 m | — | -25.2% | -7.4% | +8.2% | −7% / −12% |
| ELTON.ATΕλτον Διεθνους Εμποριου Ανωνυμη Εμπορικη Βιομηχανικη Εταιρεια | 47.3 m | 13.9 | 4.9% | 1.9% | +8.6% | −11% / −18% |
1- and 3-year price returns: for FAIS.AT from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (EUR)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 2.11 Total return -35% · Per year -35% | 3.71 Total return 15% · Per year 15% | 5.57 Total return 73% · Per year 73% |
| 3 years | 2.41 Total return -25% · Per year -9% | 4.73 Total return 47% · Per year 14% | 7.75 Total return 141% · Per year 34% |
| 5 years | 2.75 Total return -15% · Per year -3% | 6.03 Total return 87% · Per year 13% | 10.77 Total return 235% · Per year 27% |
- Exit P/E± 1.18
- Net margin± 0.83
- Annual revenue growth± 0.63
- Annual dilution± 0.07
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
ΦΑΙΣ ΣΥΜΜΕΤΟΧΩΝ ΑΝΩΝΥΜΗ ΕΤΑΙΡΕΙΑ is the Athens-listed company whose board proposes, for fiscal 2025, a gross dividend of 0.155 EUR per share, subject to general meeting approval. The sources analysed are mainly the annual report and corporate governance statement, which describe the management structure and commitments to adjust governance practices.
SWOT
Strengths
- The governance structure is documented in detail, with specialised committees and an internal control framework described in the official statement 1.
- The board proposes a dividend for fiscal 2025, indicating an intention to reward shareholders 1.
- The company declares full compliance with the Greek legal framework for corporate governance 1.
Weaknesses
- Several practices in the Governance Code are still being implemented, with deadlines set for 2026 1.
- The lack of formal diversity criteria for executive directors is a gap the company has itself acknowledged 1.
- The source does not give a detailed description of operating activities, which limits the analysis.
Opportunities
- Completing succession plans and diversity policies could over time strengthen the management structure 1.
- Creating structured channels for dialogue with shareholders could improve investor confidence 1.
- If the dividend proposal is approved, it could support the company's appeal to existing shareholders 1.
Threats
- Delays in implementing governance requirements could draw the attention of regulators.
- The dependence of the dividend on general meeting approval introduces an element of uncertainty.
- Limited sources do not allow a complete assessment of business risks, which could conceal vulnerabilities.
Risks
- Dividend approvalmedium
Distribution of the dividend depends on the vote of the general meeting, so the final decision could differ from the board's proposal 1.
- Delays in compliancemedium
Some governance practices have deadlines beyond 2025, and delaying them could affect the company's reputation 1.
- Diversity and successionmedium
The absence of formal criteria for executive management could cause problems in the event of an unexpected change 1.
- Lack of operating datalow
The material available does not cover revenues and profitability, which limits the ability to assess financial risks.
- Concentration of leadershiplow
The management structure is concentrated in a few persons, and without a formal succession plan this could create difficulties 1.
Investment thesis
What would need to be true (bull case)
- If the company completes its governance and succession plans, it could build a stronger reputation with investors 1.
- The proposal of a dividend for 2025 could reflect the board's confidence in the financial position 1.
- Structured dialogue with shareholders could, if implemented, reduce uncertainty about the company's policy 1.
What would break the thesis
- Delays in implementing mandatory practices could signal limits in administrative capacity.
- The lack of data on revenues and profitability makes it difficult to verify the soundness of the business from these sources.
- If the general meeting does not approve the dividend, shareholder confidence could be affected.
What to watch
- General meeting approval of the 2025 dividend2026
- Setting of diversity criteria and the succession plan2026
- Creation of stakeholder communication mechanisms2026
- Next annual report and any changes to the governance statementnext annual report
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The available source contains the annual report for the year ended 31 December 2025, including the corporate governance statement 1. These documents indicate that the company is a joint-stock company listed in Greece, whose board proposes a dividend for 2025 1. The text does not give a detailed description of operating activities, revenues or business segments, so the business profile remains limited to governance information.
The management structure includes a chairperson and a managing director of the board, both named as signatories of the report 1. The governance statement says the company adopted the Hellenic Corporate Governance Code, June 2021 edition, on a 'comply or explain' basis 1.
The general meeting of shareholders is the supreme body of the company and decides on amendments to the articles, the election of the board and auditors, approval of annual financial statements and profit distribution 1.
Segments
Corporate governance
The governance statement documents the audit committee, the remuneration and nomination committee, and the internal control system, including risk management and compliance units 1.
Dividend distribution
The proposed dividend for 2025 is subject to approval by the general meeting with the majority required by law, and the board took into account financial results, prospects and investment plans 1.
Market context
The sources provided do not contain data on market size or the company's market share. The documents analysed focus on the governance framework and the dividend proposal, which makes it impossible to assess its commercial position from this material.
Trends
- Corporate governance regulationtailwind
The company is adapting its practices to Law 4706/2020 and Capital Market Commission circulars, which could strengthen investor confidence if compliance remains complete 1.
- Diversity and succession policiesmixed
The company stated it will set diversity criteria and succession plans for management in 2026, but these measures are not yet fully applied to senior executives 1.
- Shareholder engagementtailwind
The board intends to create formal stakeholder communication mechanisms and procedures for answering shareholder questions in 2026 1.
- Compliance costsheadwind
Expanding governance requirements may need additional time and resources, and the company has indicated that some aspects will only be completed after 2026 1.
Competitive position
The sources analysed do not identify the company's competitors and contain no comparative information on its market positioning. For this reason no conclusions can be drawn about its competitive strengths or weaknesses.
- Competitors not named in source
The source provided does not list direct competitors, so comparable companies cannot be identified from this material.
- Other companies listed in Athens
Comparison with other companies on the same exchange would require financial and operating data that do not appear in the available sources.
- Entities in the consumer goods sector
No source describes the sector of activity in detail, so any comparison with competitors in this sector remains hypothetical.
- Distribution operators in Greece
Identifying these operators would require information on the company's sales channels, which the material does not present.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202423 Oct 2026
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / ΦΑΙΣ ΣΥΜΜΕΤΟΧΩΝ ΑΝΩΝΥΜΗ ΕΤΑΙΡΕΙΑ · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.