Company Valuation: OPAP

Data adjusted to current consolidation scope
Fiscal Period: December 2025 2026 2027 2028
Market Cap 1 7,068 11,218 - -
Change - 58.71% - -
Enterprise Value (EV) 1 7,068 18,041 17,918 17,641
Change - 155.25% -0.68% -1.55%
P/E - 24.9x 17.7x 14.2x
PBR - -4.46x -8.4x -12.6x
PEG - - 0.4x 0.6x
Capitalization / Revenue 0.79x 1.08x 1.02x 0.96x
EV / Revenue 0.79x 1.74x 1.62x 1.51x
EV / EBITDA - 9.77x 8.89x 8.13x
EV / EBIT - 11.8x 9.56x 8.71x
EV / FCF - 25.7x 16.8x 14.9x
FCF Yield - 3.89% 5.94% 6.69%
Dividend per Share 2 - 1 1.012 1.063
Rate of return - 7.08% 7.17% 7.53%
EPS 2 - 0.5664 0.7955 0.996
Distribution rate - 177% 127% 107%
Net sales 1 8,991 10,384 11,052 11,656
EBITDA 1 - 1,846 2,016 2,171
EBIT 1 - 1,534 1,874 2,025
Net income 1 732 616.8 694.7 819.5
Net Debt 1 - 6,823 6,700 6,423
Reference price 2 19.10 14.12 14.12 14.12
Nbr of stocks (in thousands) 370,063 794,759 - -
Announcement Date 3/19/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- 1.74x9.77x - 12.78B
23.45x6.05x14.18x1.67% 24.88B
45.6x1.57x10.15x-.--% 18.27B
11.44x1.87x6.58x5.46% 16.41B
11.45x5.19x7.94x4.51% 13.51B
11.19x2.23x7.77x7.78% 13.47B
94.32x1.95x17.17x-.--% 12.79B
35.45x3.91x19.45x2.9% 8.66B
16.12x2.55x9.51x2.33% 7.1B
16.89x3.27x8.18x2.29% 6.6B
Average 29.54x 3.03x 11.07x 2.99% 13.45B
Weighted average by Cap. 29.98x 3.20x 11.10x 2.91%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield