Company Valuation: OPAP

Data adjusted to current consolidation scope
Fiscal Period: December 2025 2026 2027 2028
Market Cap 1 7,068 8,973 - -
Change - 26.95% - -
Enterprise Value (EV) 1 7,068 15,801 15,619 15,491
Change - 123.55% -1.15% -0.82%
P/E - 21.9x 14.3x 12x
PBR - -3.95x -5.56x -6.18x
PEG - - 0.3x 0.6x
Capitalization / Revenue 0.79x 0.86x 0.81x 0.77x
EV / Revenue 0.79x 1.51x 1.41x 1.33x
EV / EBITDA - 8.29x 7.57x 7x
EV / EBIT - 9.9x 8.3x 7.66x
EV / FCF - 21.2x 15.1x 13.2x
FCF Yield - 4.73% 6.64% 7.55%
Dividend per Share 2 - 1 1.014 1.058
Rate of return - 8.86% 8.98% 9.37%
EPS 2 - 0.5153 0.7872 0.9418
Distribution rate - 194% 129% 112%
Net sales 1 8,991 10,437 11,046 11,611
EBITDA 1 - 1,907 2,064 2,213
EBIT 1 - 1,596 1,881 2,022
Net income 1 732 599 736.9 841.3
Net Debt 1 - 6,828 6,646 6,519
Reference price 2 19.10 11.29 11.29 11.29
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.($)
22.68x5.84x13.7x1.72% 24.52B
13x2.17x7.56x5.7% 17.71B
13.19x5.99x9.1x3.84% 15.22B
-83.44x1.31x8.97x-.--% 13.3B
13.13x2.19x8.11x8.47% 12.31B
201.7x1.65x15.44x-.--% 10.5B
29.49x3.47x16.52x3.58% 7.46B
19.9x3.43x8.54x2.11% 6.96B
Average 28.71x 3.26x 10.99x 3.18% 13.5B
Weighted average by Cap. 23.30x 3.56x 10.86x 3.22%

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