Company Valuation: OPAP

Data adjusted to current consolidation scope
Fiscal Period: December 2025 2026 2027 2028
Market Cap 1 7,068 10,872 - -
Change - 53.82% - -
Enterprise Value (EV) 1 7,068 17,556 17,503 17,324
Change - 148.38% -0.3% -1.02%
P/E - 21.5x 16.7x 13.8x
PBR - -5.52x -6.92x -8x
PEG - - 0.6x 0.7x
Capitalization / Revenue 0.79x 1.05x 0.98x 0.93x
EV / Revenue 0.79x 1.69x 1.58x 1.49x
EV / EBITDA - 9.11x 8.36x 7.71x
EV / EBIT - 11.4x 9.7x 8.85x
EV / FCF - 25x 16.5x 14.7x
FCF Yield - 4% 6.08% 6.81%
Dividend per Share 2 - 1 1.014 1.058
Rate of return - 7.31% 7.41% 7.73%
EPS 2 - 0.637 0.82 0.9925
Distribution rate - 157% 124% 107%
Net sales 1 8,991 10,384 11,052 11,656
EBITDA 1 - 1,928 2,094 2,246
EBIT 1 - 1,543 1,805 1,958
Net income 1 732 677.1 741 849
Net Debt 1 - 6,683 6,631 6,452
Reference price 2 19.10 13.68 13.68 13.68
Nbr of stocks (in thousands) 3,70,063 7,94,759 - -
Announcement Date 19/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- 1.69x9.11x - 1.26TCr
25.01x6.44x15.1x1.56% 2.73TCr
14.43x2.44x8.5x5.1% 1.94TCr
563.11x1.54x10.35x-.--% 1.76TCr
12.71x5.79x8.8x3.95% 1.51TCr
14.97x2.46x9.11x7.03% 1.46TCr
246.6x2.03x18.62x-.--% 1.3TCr
34.82x3.8x19x2.97% 848.49Cr
15.59x2.31x8.45x2.33% 675.74Cr
17.91x3.28x8.16x2.29% 665.44Cr
Average 105.02x 3.18x 11.52x 2.8% 1.41TCr
Weighted average by Cap. 116.45x 3.47x 11.69x 2.79%

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