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Organization of Football Prognostics S.A. (OPAP.AT)
Key financial summary
Financials in EUR| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Total revenue | €m | 737 | 1,044 | 1,333 | 1,436 | 1,570 | 1,307 | 1,554 |
| Operating profit | €m | 680 | 687 | |||||
| Net profit | €m | 205 | 259 | 592 | 408 | 486 | 483 | 483 |
| EPS reported | € | 1.35 | 1.35 | |||||
| Operating cashflow per share | € | 2.03 | 2.01 | |||||
| Capex per share | € | 0.03 | 0.09 | |||||
| FCF per share | € | 1.99 | 1.91 | |||||
| Free cash flow | €m | 715 | 685 | |||||
| Net debt | €m | 166 | 166 | |||||
| Book value equity | €m | 423 | 423 | |||||
| Book value per share | € | 1.18 | 1.18 | |||||
| Number of shares | m | 358.6 | 358.6 | |||||
| DPS (TTM paid) | € | 1.30 | 1.30 |
Financial summary
Financials in EUR| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Value | ||||||||
| P/E TTM | x | 14.15 | 9.51 | |||||
| P/B LTM | x | 16.18 | 12.27 | |||||
| P/S LTM | x | 5.24 | 3.34 | |||||
| P/FCF LTM | x | 9.58 | 7.58 | |||||
| EV/EBITDA LTM | x | 8.61 | 6.41 | |||||
| EV/Sales LTM | x | 5.40 | 3.45 | |||||
| Earnings Yield LTM | % | 7.07% | 10.52% | |||||
| FCF Yield | % | 10.44% | 13.20% | |||||
| Quality | ||||||||
| ROE | % | 114.22% | 99.08% | |||||
| ROIC | % | 31.00% | 31.29% | |||||
| Operating margin | % | 52.05% | 44.18% | |||||
| Gross margin | % | 55.69% | 60.24% | |||||
| FCF/Sales | % | 54.73% | 44.10% | |||||
| Growth and momentum | ||||||||
| EPS Growth YoY | % | +0.75% | +0.75% | |||||
| Sales Growth YoY | % | -16.77% | -16.77% | |||||
| Net Income Growth YoY | % | -0.49% | -0.49% | |||||
| FCF Growth | % | +6.40% | +6.40% | |||||
| Operating Profit Growth | % | -1.01% | -1.01% | |||||
| Dividend and capital structure | ||||||||
| Dividend Yield | % | 6.81% | 10.12% | |||||
| Dividend Growth | % | -7.33% | -7.33% | |||||
| Payout Ratio | % | 96.36% | 96.15% | |||||
| FCF/Debt | x | 0.74 | 0.71 | |||||
| Net Debt/EBITDA | x | 0.25 | 0.24 | |||||
| EBIT/Net interest | x | 22.11 | 20.92 | |||||
| Net debt/market cap | % | 2.42% | 3.19% | |||||
| Net debt/Equity | x | 0.39 | 0.39 | |||||
| Gross debt/equity | x | 2.29 | 2.29 | |||||
Company overview
Organization of Football Prognostics S.A., along with its affiliated companies, serves as Greece's leading operator and manager of diverse gaming offerings, encompassing numerical lotteries and sports betting. The company's business activities are structured across several key areas: traditional and online betting, various lottery types (including numerical, instant, and passive games), video lottery terminals (VLTs), other digital gaming options, as well as telecommunication and electronic money services. OPAP holds exclusive rights to conduct, administer, organize, and operate a comprehensive range of gaming categories, such as numerical lotteries, betting, VLTs, and both terrestrial and online horse racing mutual betting. Its extensive sports betting portfolio features fixed odds games like PAME STOIXIMA, alongside mutual betting options such as PROPO, PROPOGOAL, HORSE RACING STOIXIMA, POWERSPIN, and PAME STOIXIMA virtual sports. Numerical lottery products include fixed odds games like KINO, SUPER 3, and EXTRA 5, as well as mutual games like TZOKER, LOTTO, and PROTO. Passive lotteries include LAIKO, ETHNIKO, and STATE, while the instant lottery category is covered by SCRATCH Luck. Beyond its core gaming operations, the company also delivers electronic transaction services, sells intangible talk time, facilitates bill payments, and offers software services. Furthermore, OPAP is licensed to install and operate 25,000 VLTs under the PLAY brand. The company's products and services reach consumers through a multifaceted distribution strategy that includes a franchised retail network, dedicated online betting and gaming platforms, and an extensive sales and distribution network comprising agents, street vendors, and other retailers. As of December 31, 2021, OPAP's physical footprint included 3,628 OPAP stores, 373 PLAY stores, 10,139 independent points of sale, and 1,924 street vendors who distribute SCRATCH tickets and passive lotteries. Founded in 1958, the company is headquartered in Athens, Greece.
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Organization of Football Prognostics S.A. (OPAP.AT)
Organization of Football Prognostics S.A., along with its affiliated companies, serves as Greece's leading operator and manager of diverse gaming offerings, encompassing numerical lotteries and sports betting. The company's business activities are structured across several key areas: traditional and online betting, various lottery types (including numerical, instant, and passive games), video lottery terminals (VLTs), other digital gaming options, as well as telecommunication and electronic money services. OPAP holds exclusive rights to conduct, administer, organize, and operate a comprehensive range of gaming categories, such as numerical lotteries, betting, VLTs, and both terrestrial and online horse racing mutual betting. Its extensive sports betting portfolio features fixed odds games like PAME STOIXIMA, alongside mutual betting options such as PROPO, PROPOGOAL, HORSE RACING STOIXIMA, POWERSPIN, and PAME STOIXIMA virtual sports. Numerical lottery products include fixed odds games like KINO, SUPER 3, and EXTRA 5, as well as mutual games like TZOKER, LOTTO, and PROTO. Passive lotteries include LAIKO, ETHNIKO, and STATE, while the instant lottery category is covered by SCRATCH Luck. Beyond its core gaming operations, the company also delivers electronic transaction services, sells intangible talk time, facilitates bill payments, and offers software services. Furthermore, OPAP is licensed to install and operate 25,000 VLTs under the PLAY brand. The company's products and services reach consumers through a multifaceted distribution strategy that includes a franchised retail network, dedicated online betting and gaming platforms, and an extensive sales and distribution network comprising agents, street vendors, and other retailers. As of December 31, 2021, OPAP's physical footprint included 3,628 OPAP stores, 373 PLAY stores, 10,139 independent points of sale, and 1,924 street vendors who distribute SCRATCH tickets and passive lotteries. Founded in 1958, the company is headquartered in Athens, Greece.
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