Projected Income Statement: OPAP

Forecast Balance Sheet: OPAP

Fiscal Period: December 2025 2026 2027 2028
Net Debt 1 - 6,683 6,631 6,452
Change - - -0.78% -2.7%
Announcement Date 3/19/26 - - -
1EUR in Million
Estimates

Cash Flow Forecast: OPAP

Fiscal Period: December 2026 2027 2028
CAPEX 1 255.3 206.7 209.4
Change - -19.04% 1.34%
Free Cash Flow (FCF) 1 702 1,064 1,180
Change - 51.5% 10.95%
Announcement Date - - -
1EUR in Million
Estimates

Forecast Financial Ratios: OPAP

Fiscal Period: December 2025 2026 2027 2028

Profitability

    
EBITDA Margin (%) - 18.56% 18.95% 19.27%
EBIT Margin (%) - 14.86% 16.33% 16.8%
EBT Margin (%) - 10.59% 11.12% 11.96%
Net margin (%) 8.14% 6.52% 6.7% 7.28%
FCF margin (%) - 6.76% 9.62% 10.12%
FCF / Net Income (%) - 103.68% 143.53% 138.98%

Profitability

    
ROA - 7.5% 7.51% 8.43%
ROE - 60.92% 4.36% 7.14%

Financial Health

    
Leverage (Debt/EBITDA) - 3.47x 3.17x 2.87x
Debt / Free cash flow - 9.52x 6.24x 5.47x

Capital Intensity

    
CAPEX / Current Assets (%) - 2.46% 1.87% 1.8%
CAPEX / EBITDA (%) - 13.24% 9.87% 9.32%
CAPEX / FCF (%) - 36.36% 19.43% 17.75%

Items per share

    
Cash flow per share 1 - 1.728 1.7 1.837
Change - - -1.6% 8.06%
Dividend per Share 1 - 1 1.014 1.058
Change - - 1.43% 4.26%
Book Value Per Share 1 - -2.479 -1.976 -1.711
Change - - 20.29% 13.42%
EPS 1 - 0.637 0.82 0.9925
Change - - 28.74% 21.03%
Nbr of stocks (in thousands) - 794,759 794,759 794,759
Announcement Date - - - -
1EUR
Estimates
2026 *2027 *
P/E 21.9x 17x
PBR -5.64x -7.08x
EV / Sales 1.71x 1.61x
Yield 7.15% 7.26%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
-
Investor
-
Global
-
Quality
-
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
7
Last Close Price
13.98EUR
Average target price
14.26EUR
Spread / Average Target
+1.98%

Annual profits - Rate of surprise