Projected Income Statement: OPAP

Forecast Balance Sheet: OPAP

Fiscal Period: December 2025 2026 2027 2028
Net Debt 1 - 6,862 6,789 6,570
Change - - -1.06% -3.23%
Announcement Date 3/19/26 A - - -
1EUR in Million
Estimates

Cash Flow Forecast: OPAP

Fiscal Period: December 2026 2027 2028
CAPEX 1 260.4 208.8 217.5
Change - -19.79% 4.17%
Free Cash Flow (FCF) 1 702 1,064 1,180
Change - 51.5% 10.95%
Announcement Date - - -
1EUR in Million
Estimates

Forecast Financial Ratios: OPAP

Fiscal Period: December 2025 2026 2027 2028

Profitability

    
EBITDA Margin (%) - 17.95% 18.37% 18.67%
EBIT Margin (%) - 15.08% 16.81% 17.15%
EBT Margin (%) - 8.97% 10.53% 11.57%
Net margin (%) 8.14% 5.94% 6.29% 7.03%
FCF margin (%) - 6.76% 9.62% 10.12%
FCF / Net Income (%) - 113.81% 153.08% 143.99%

Profitability

    
ROA - 7.43% 7.76% 8.87%
ROE - 70.53% -1.92% 1.38%

Financial Health

    
Leverage (Debt/EBITDA) - 3.68x 3.34x 3.02x
Debt / Free cash flow - 9.77x 6.38x 5.57x

Capital Intensity

    
CAPEX / Current Assets (%) - 2.51% 1.89% 1.87%
CAPEX / EBITDA (%) - 13.97% 10.29% 9.99%
CAPEX / FCF (%) - 37.09% 19.64% 18.43%

Items per share

    
Cash flow per share 1 - - - -
Change - - - -
Dividend per Share 1 - 1 1.01 1.05
Change - - 1% 4.01%
Book Value Per Share 1 - -2.83 -2.032 -1.682
Change - - 28.21% 17.23%
EPS 1 - 0.5566 0.7698 0.9626
Change - - 38.31% 25.05%
Nbr of stocks (in thousands) - 794,759 794,759 794,759
Announcement Date - - - -
1EUR
Estimates
2026 *2027 *
P/E 24.6x 17.8x
PBR -4.83x -6.73x
EV / Sales 1.71x 1.6x
Yield 7.32% 7.39%

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
OUTPERFORM
Number of Analysts
5
Last Close Price
13.67EUR
Average target price
14.26EUR
Spread / Average Target
+4.32%

Annual profits - Rate of surprise