Financials OPAP OTC Markets

Equities

GOFPY

US3924831031

Casinos & Gaming

Market Closed - OTC Markets 20:59:31 20/06/2024 BST 5-day change 1st Jan Change
7.79 USD -0.83% Intraday chart for OPAP -4.42% -4.65%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 2,414 3,706 3,719 4,377 4,783 5,280 5,280 -
Enterprise Value (EV) 1 2,873 4,180 4,306 4,611 4,890 5,630 5,566 5,477
P/E ratio 16.8 x 18.2 x 17.8 x 16.5 x 7.92 x 13.7 x 11.4 x 10.9 x
Yield 9.22% 2.59% 13.2% 4.81% 11% 10.9% 9.83% 10.4%
Capitalization / Revenue 1.56 x 2.29 x 3.29 x 2.84 x 2.47 x 2.7 x 2.41 x 2.33 x
EV / Revenue 1.86 x 2.58 x 3.81 x 3 x 2.52 x 2.7 x 2.54 x 2.42 x
EV / EBITDA 8.12 x 10.3 x 16.5 x 8.38 x 6.64 x 7.54 x 7.21 x 6.85 x
EV / FCF 14.3 x 17.1 x 25.7 x 9.42 x 7.68 x 9.16 x 9.07 x 8.67 x
FCF Yield 7% 5.85% 3.89% 10.6% 13% 10.9% 11% 11.5%
Price to Book 3.33 x 4.92 x 5.05 x 4.83 x - 6.99 x 8.65 x 10.7 x
Nbr of stocks (in thousands) 317,817 319,794 339,597 351,027 361,512 361,645 361,645 -
Reference price 2 7.595 11.59 10.95 12.47 13.23 14.60 14.60 14.60
Announcement Date 27/03/19 01/04/20 31/03/21 22/03/22 15/03/23 13/03/24 - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 1,547 1,620 1,130 1,539 1,939 2,088 2,191 2,266
EBITDA 1 353.6 406 260.3 550.3 736 746.2 772.1 799.9
EBIT 1 239.3 289.7 250.4 400.8 763.3 590.2 634.7 660.3
Operating Margin 15.47% 17.88% 22.17% 26.05% 39.37% 28.27% 28.97% 29.14%
Earnings before Tax (EBT) 1 215.9 269.2 216.9 357.3 723.3 570.1 622.9 645.8
Net income 1 143.3 202.4 205.3 259.4 592.3 408.3 465.4 482.2
Net margin 9.26% 12.49% 18.18% 16.86% 30.55% 19.56% 21.24% 21.28%
EPS 2 0.4511 0.6356 0.6143 0.7544 1.671 1.120 1.278 1.334
Free Cash Flow 1 201 244.6 167.5 489.5 637 607.2 614 631.7
FCF margin 12.99% 15.1% 14.83% 31.81% 32.85% 29.47% 28.02% 27.88%
FCF Conversion (EBITDA) 56.84% 60.23% 64.35% 88.96% 86.55% 82.43% 79.53% 78.97%
FCF Conversion (Net income) 140.25% 120.84% 81.57% 188.7% 107.54% 141.55% 131.93% 130.99%
Dividend per Share 2 0.7000 0.3000 1.450 0.6000 1.450 1.591 1.436 1.513
Announcement Date 27/03/19 01/04/20 31/03/21 22/03/22 15/03/23 13/03/24 - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S1 2020 S1 2021 S1 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1
Net sales 779.6 507.9 570.1 498.5 - 457.2 442.1 899.3 498.8 540.9 - 498.1 1,026 481 - -
EBITDA 1 198.7 110.1 205.1 170.4 - 168.8 166.9 335.7 197.6 202.7 196.5 178 374.4 172.2 198.9 190.3
EBIT 141.9 - - 129.4 - 135 114.5 249.5 164.9 348.9 - 145.4 - 112 - -
Operating Margin 18.21% - - 25.96% - 29.53% 25.89% 27.74% 33.06% 64.51% - 29.2% - 23.29% - -
Earnings before Tax (EBT) 132.5 24.82 - 116.9 - 119.5 102.6 222.1 156.7 344.5 - 143.4 - 108.3 - -
Net income 1 91.8 20.44 82.13 81.19 - 88.28 78.97 167.2 118.5 306.5 118 106.4 224.4 83.26 122.5 113.3
Net margin 11.78% 4.02% 14.41% 16.29% - 19.31% 17.86% 18.6% 23.76% 56.68% - 21.37% 21.88% 17.31% - -
EPS - - - - - - - - - 0.8610 - 0.2943 - 0.2261 - -
Dividend per Share - - - - 0.5000 - - - - - - - 1.000 - - -
Announcement Date 11/09/19 09/09/20 08/09/21 22/03/22 22/03/22 31/05/22 29/08/22 29/08/22 22/11/22 15/03/23 24/05/23 04/09/23 04/09/23 21/11/23 13/03/24 29/05/24
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 459 473 587 234 107 279 286 197
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.298 x 1.166 x 2.255 x 0.4246 x 0.146 x 0.3787 x 0.3707 x 0.2461 x
Free Cash Flow 1 201 245 168 490 637 607 614 632
ROE (net income / shareholders' equity) 19.9% 27.4% 27.5% 33.6% 44.6% 46.8% 68.6% 90.6%
ROA (Net income/ Total Assets) - 10.1% 9.01% 10.3% 16.5% 19.1% 23.2% 25.7%
Assets 1 - 2,007 2,279 2,507 3,582 2,240 2,005 1,876
Book Value Per Share 2 2.280 2.360 2.170 2.580 - 2.090 1.690 1.360
Cash Flow per Share 2 0.8000 0.8800 0.5600 1.430 1.850 1.390 1.220 1.250
Capex 1 52.1 34.8 18.9 24.2 22.8 25.7 25.9 27.3
Capex / Sales 3.37% 2.15% 1.67% 1.57% 1.18% 1.25% 1.18% 1.2%
Announcement Date 27/03/19 01/04/20 31/03/21 22/03/22 15/03/23 13/03/24 - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
14.6 EUR
Average target price
18.25 EUR
Spread / Average Target
+25.00%
Consensus