The Athens Stock Exchange maintains a double-digit performance over the last 12 months, which amounts to +11%. However, there are 6+6 Cap and Midcap stocks that have so far not followed the upward trend, staying away from the party and underperforming the main stock index.
In blue chips, specifically, the EYDAP share fell at least 18% last year, having stabilized at 5.5 euros and having lost almost 23% of its maximum of 7 euros (close on 07/05/2023). The result is that the company’s capitalization falls short of 600 million euros.
The annual drop in the Autohellas share is also estimated at double-digit levels (-14%), which is going through a period of constant correction, after the recent rise to historic highs of 14 euros.
ELVALHALCOR lost 11.5% in the last 12 months, moving at least 26% away from the peaks of 2.4 euros. This decline, however, made the stock quite attractive, trading at a P/E multiple of 10x and a P/BV ratio of 0.7x.
However, OPAP and OTE have consistently underperformed, falling 9% over the past year, which, however, is still not justified by fundamentals.
Helleniq Energy’s current valuation is also attractive, having lost 5% in the last 12 months, meaning the P/E ratio has “dropped” below 5x.
Medium and Small
Regarding Mid-Cap, the Demand share, which pays the high discount across the real estate sector, records annual losses of 34%, while Thrace Plastics was below 4 euros.
Austriacard, Quest, EYATH and Fourlis also underperformed compared to the General Index, showing declines of 15% to 19% on a 12-month basis.
Other companies with a significant drop are BIS (-51%), Tria Alpha (-48%) and Proodeftiki (-40%), followed by the shares of ELTON, SIDMA, Iktinos, Jirakian and ELASTRON following with a drop of more than 30%.
The largest and mid-cap stocks with the biggest decline in 12 months
- Demand -34%
- Plastics from Thrace -27%
- Austria Card -19%
- EYDAP -18.5%
- Mission 17.5%
- EYAT -16%
- Fourlis -15%
- Autohellas -14%
- ELVALHALCOR -11.5%
- OPAP -9%
- OTE -9%
- Helleniq Energy -5.5%