While shareholders of Ellaktor (ATH:ELLAKTOR) are in the black over 1 year, those who bought a week ago aren't so fortunate

Simply Wall St · 2d ago

The simplest way to benefit from a rising market is to buy an index fund. When you buy individual stocks, you can make higher profits, but you also face the risk of under-performance. Investors in Ellaktor S.A. (ATH:ELLAKTOR) have tasted that bitter downside in the last year, as the share price dropped 31%. That's well below the market return of 48%. However, the longer term returns haven't been so bad, with the stock down 21% in the last three years. On top of that, the share price is down 28% in the last week.

After losing 28% this past week, it's worth investigating the company's fundamentals to see what we can infer from past performance.

Given that Ellaktor didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. Shareholders of unprofitable companies usually desire strong revenue growth. As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth.

Ellaktor's revenue didn't grow at all in the last year. In fact, it fell 44%. That looks pretty grim, at a glance. The stock price has languished lately, falling 31% in a year. That seems pretty reasonable given the lack of both profits and revenue growth. It's hard to escape the conclusion that buyers must envision either growth down the track, cost cutting, or both.

You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).

earnings-and-revenue-growth
ATSE:ELLAKTOR Earnings and Revenue Growth December 23rd 2025

Take a more thorough look at Ellaktor's financial health with this free report on its balance sheet.

What About Dividends?

When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Ellaktor, it has a TSR of 53% for the last 1 year. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!

A Different Perspective

It's good to see that Ellaktor has rewarded shareholders with a total shareholder return of 53% in the last twelve months. And that does include the dividend. That's better than the annualised return of 22% over half a decade, implying that the company is doing better recently. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. To that end, you should be aware of the 2 warning signs we've spotted with Ellaktor .

For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Greek exchanges.