2024-09-24 11:39:28
This year’s returns of the 6+2 stocks, which make up the wider Food – Soft Drinks – Beverages sector on the Athens Stock Exchange, are modestly positive. Which is extremely significant, considering the industry’s total of 22 exits and delistings from 2010 to date – a negative streak, which is expected to be broken with the imminent entry of Korinthian Foods.
Starting with the No.1 company on the board, that is Coca-Colathe stock is “running” at a rate of +23% since the beginning of 2024, having raised its total capitalization to levels of more than 12 billion euros. Today, in fact, the listed is only slightly away from the “peaks” of 34 euros, which are a one-year high as well as a 4.5-year high.
Then the investor meets its share Cree – Creewhich stands at an all-time high of €13, up at least 36% this year. Somehow, the valuation of the dairy industry from Serres exceeds 440 million euros.
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Her stock Cloud farmat the same time, shows a cumulative change of 27%, despite the fact that it has corrected by almost -23% from this year’s peaks of 1.9 euros. Even so, however, the market value of the milk company from Evros exceeds the 20 million euro mark.
Finally, her stock Sarantopoulos Rolling Millswhich operates in flour and is based in Piraeus, shows a minimal increase of 3% since the beginning of the year.
The losers of the industry
On the other hand, its stock Loulis Food, which has a market capitalization of more than €40m, is down 10% in 2024, far from last year’s 4-year highs of €3.50.
At the same time, Lazaridis estate sees the stock slide slightly by 3%, which has “scissored” the valuation to 32 million euros, while its stock Kepenos Millswhich has folded by 27% through 2024, is now worth €10 million.
We should add his share to the losers Agricultural House of Spiroswhich as of May 2021 is in the Surveillance Category. That means it’s at risk of being delisted if it fails to make progress by mid-2025. For now, though, the stock’s losses are over 31% this year, with the market cap having sunk to just 3, 7 million euros.
This year’s returns on the shares of the Food – Drinks – Refreshments sector
• Kri – Kri +36%
• Ebropharma +27%
• Coca Cola +23%
• Sarandopoulos +2.8%
• Lazaridis Estate -4.2%
• Loulis Food -10%
• Kepenou Mills -27%
• Agricultural House of Spyros -31%
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(The above is the product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)