Risk factor
Very poor trading liquidity
Profitability factor
Strong growth
About
Founded in Aspropyrgos, Greece, in 1993, Mevaco S.A. is a prominent provider of metal fabrication and construction services throughout Greece. The company delivers a comprehensive range of sheet metal processing, including precision cutting (both standard and laser), punching, shaping, bending, roll forming, welding, painting, and screen printing. These capabilities support diverse applications, manufacturing components for household appliances, beverage cooling units, central heating systems, various advertising and promotional displays, vehicle parts, electrical and telecommunication panels, and banking sector equipment. Mevaco also specializes in welded metallic constructions, producing items such as lattice and support structures for tunneling, solar trackers for photovoltaic installations, bridges, railings, custom hangers, and other bespoke structures built to client specifications. Their expertise further encompasses robust metal welded structures for defense applications and specialized sections for electronic board construction. Additionally, they craft intricate composite electrochemical constructions, which include shelter houses for PV installations, toll booths, industrial sound attenuators, metallic fixtures for retail chains, railway components, a variety of electrical and electronic enclosures, and interior/exterior building claddings. The company also supplies automated vending machines for fuel stations and ticketing centers.
Company Valuation
Based on key historical and expected multiples, the stock is slightly undervalued relative to its peers. In particular, the stock is underpriced on P/E, 'cheap' on EV/EBI