Projected Income Statement: OPAP

Forecast Balance Sheet: OPAP

Fiscal Period: December 2025 2026 2027 2028
Net Debt 1 - 6,828 6,646 6,519
Change - - -2.67% -1.91%
Announcement Date 19/03/26 - - -
1EUR in Million
Estimates

Cash Flow Forecast: OPAP

Fiscal Period: December 2026 2027 2028
CAPEX 1 255.2 206.3 207.9
Change - -19.14% 0.77%
Free Cash Flow (FCF) 1 747 1,036 1,170
Change - 38.76% 12.88%
Announcement Date - - -
1EUR in Million
Estimates

Forecast Financial Ratios: OPAP

Fiscal Period: December 2025 2026 2027 2028

Profitability

    
EBITDA Margin (%) - - 18.68% 19.06%
EBIT Margin (%) - - 17.03% 17.42%
EBT Margin (%) - - 11.09% 11.92%
Net margin (%) 8.14% - 6.67% 7.25%
FCF margin (%) - - 9.38% 10.08%
FCF / Net Income (%) - 124.72% 140.66% 139.08%

Profitability

    
ROA - 7.6% 7.67% 8.63%
ROE - 42% 16.97% 18.84%

Financial Health

    
Leverage (Debt/EBITDA) - 3.58x 3.22x 2.95x
Debt / Free cash flow - 9.14x 6.41x 5.57x

Capital Intensity

    
CAPEX / Current Assets (%) - - 1.87% 1.79%
CAPEX / EBITDA (%) - 13.38% 10% 9.39%
CAPEX / FCF (%) - 34.16% 19.91% 17.77%

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 - -2.857 -2.031 -1.825
Change - - 28.94% 10.1%
EPS 1 - 0.5153 0.7872 0.9418
Change - - 52.75% 19.64%
Nbr of stocks (in thousands) - 7,94,759 7,94,759 7,94,759
Announcement Date - - - -
1EUR
Estimates
2026 *2027 *
P/E 23.7x 15.5x
PBR -4.27x -6.01x
EV / Sales - 14,79,497x
Yield 8.2% 8.31%

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
12.20EUR
Average target price
13.87EUR
Spread / Average Target
+13.70%

Annual profits - Rate of surprise

-40%: Exceptional extension
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