Space Hellas SA

Space Hellas SA maintains a debt-to-equity ratio of 3.04, indicating a relatively high leverage position compared to industry norms. The company's liquidity is assessed as medium, with a current ratio of 1.37, suggesting it can cover short-term obligations but with limited buffer. Free cash flow is negative at -2.01 million EUR, and operating cash flow is also negative at -567,000 EUR, signaling potential short-term liquidity constraints. Profitability metrics show a return on equity of 5.99% and a return on assets of 0.98%, both below the industry median for IT Services & Consulting. The company's operating margin is 6.82% (10.59 million EUR operating income on 155.17 million EUR revenue), which is lower than the median for its industry. Net income of 1.85 million EUR represents a net margin of 1.19%, further underscoring the company's modest profitability. The company's revenue is concentrated in a single business segment, IT Services, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and client concentration risk. The company's revenue is entirely derived from its core IT services, with no material contribution from other business lines. Growth trajectory appears modest, with no disclosed revenue growth in the most recent fiscal year. The company's capital expenditures of -10.44 million EUR suggest a focus on cost management rather than expansion. Analyst estimates for the most recent actual revenue of 49.92 million EUR indicate a significant decline from the reported 155.17 million EUR, suggesting potential issues with revenue recognition or reporting inconsistencies. Risk factors include medium liquidity risk due to negative free cash flow and a high debt-to-equity ratio. The company's dilution risk is assessed as low, with no significant dilution events in the recent past. However, the negative net cash position after subtracting total debt raises concerns about the company's ability to meet long-term obligations without additional financing. Recent events include the filing of financial statements for the latest fiscal year, which show a decline in revenue and profitability. No recent earnings call transcripts or major corporate announcements have been disclosed, limiting visibility into management's strategic direction or operational performance.