Company Valuation: OPAP

Data adjusted to current consolidation scope
Fiscal Period: December 2025 2026 2027 2028
Market Cap 1 7,068 10,729 - -
Change - 51.8% - -
Enterprise Value (EV) 1 7,068 17,413 17,360 17,181
Change - 146.35% -0.3% -1.03%
P/E - 21.2x 16.5x 13.6x
PBR - -5.45x -6.83x -7.89x
PEG - - 0.6x 0.6x
Capitalization / Revenue 0.79x 1.03x 1.29x 1.22x
EV / Revenue 0.79x 1.68x 2.08x 1.96x
EV / EBITDA - 9.03x 8.29x 7.65x
EV / EBIT - 11.3x 9.62x 8.78x
EV / FCF - 24.8x 16.3x 14.6x
FCF Yield - 4.03% 6.13% 6.87%
Dividend per Share 2 - 1 1.014 1.058
Rate of return - 7.41% 7.51% 7.83%
EPS 2 - 0.637 0.82 0.9925
Distribution rate - 157% 124% 107%
Net sales 1 8,991 10,384 8,327 8,786
EBITDA 1 - 1,928 2,094 2,246
EBIT 1 - 1,543 1,805 1,958
Net income 1 732 654.7 715.5 826.4
Net Debt 1 - 6,683 6,631 6,452
Reference price 2 19.10 13.50 13.50 13.50
Nbr of stocks (in thousands) 370,063 794,759 - -
Announcement Date 3/19/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- 1.69x9.09x - 12.4B
25.38x6.53x15.32x1.54% 27.6B
13.41x2.23x7.9x4.69% 18.39B
549.84x1.51x10.19x-.--% 17.18B
15.08x2.49x9.22x6.9% 14.85B
12.54x5.71x8.6x4% 14.82B
212.64x1.97x18.01x-.--% 12.58B
35.36x3.85x19.23x2.93% 8.56B
17.85x3.27x8.14x2.29% 6.61B
15.2x2.25x8.25x2.39% 6.59B
Average 99.70x 3.15x 11.39x 2.75% 13.96B
Weighted average by Cap. 110.08x 3.47x 11.60x 2.72%

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