Company Valuation: Hellenic Telecommunications Organization S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,267 6,258 5,367 6,036 6,683 7,752 - -
Change - -13.89% -14.23% 12.47% 10.71% 16% - -
Enterprise Value (EV) 1 8,043 6,722 6,002 6,680 7,236 8,094 8,131 8,066
Change - -16.42% -10.71% 11.29% 8.33% 11.85% 0.46% -0.79%
P/E 15.2x 16.4x 10.3x 12.8x 9.33x 12.3x 11.7x 10.8x
PBR 3.68x - - 3.12x 3.21x 3.78x 3.54x 3.31x
PEG - -1x 0.2x -1.74x 0.2x -1.1x 2.1x 1.41x
Capitalization / Revenue 2.16x 1.81x 1.55x 1.68x 1.93x 2.24x 2.23x 2.22x
EV / Revenue 2.39x 1.95x 1.73x 1.86x 2.09x 2.34x 2.34x 2.31x
EV / EBITDA 6.21x 4.99x 4.47x 4.96x 5.27x 5.64x 5.55x 5.42x
EV / EBIT 9.9x 8.95x 8.39x 9.99x 8.81x 9.5x 9.18x 8.78x
EV / FCF 12.6x 9.91x 12x 13.3x 12.5x 10.8x 15.4x 12.8x
FCF Yield 7.94% 10.1% 8.35% 7.52% 8.03% 9.29% 6.5% 7.79%
Dividend per Share 2 0.558 0.5765 0.71 0.7216 0.8777 0.9209 1.022 1.068
Rate of return 3.43% 3.95% 5.5% 4.85% 5.21% 4.65% 5.16% 5.39%
EPS 2 1.072 0.8873 1.256 1.163 1.808 1.609 1.698 1.828
Distribution rate 52.1% 65% 56.5% 62% 48.5% 57.2% 60.1% 58.4%
Net sales 1 3,368 3,455 3,469 3,591 3,464 3,463 3,481 3,492
EBITDA 1 1,296 1,348 1,342 1,347 1,374 1,434 1,464 1,489
EBIT 1 812.3 751.5 715.7 668.4 821 852.1 885.3 918.3
Net income 1 557.6 388.6 531.7 478.8 501.1 627.6 646.9 669.6
Net Debt 1 775.6 464.5 634.8 643.4 553.3 341.4 378.7 314
Reference price 2 16.26 14.59 12.90 14.88 16.86 19.80 19.80 19.80
Nbr of stocks (in thousands) 447,065 428,912 416,076 405,679 396,392 391,527 - -
Announcement Date 24/02/22 23/02/23 22/02/24 26/02/25 26/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
11.08x1.31x4.16x7.01% 223B
10.98x2.58x6.82x5.67% 207B
14.03x2.22x5.13x3.91% 160B
13.92x1.87x8.14x3.02% 92.98B
11.84x0.88x3.32x6.53% 80.46B
11.82x1.81x4.56x2.77% 69.74B
15.35x2.69x8.4x5.04% 58.22B
23.81x5.38x19.64x4.58% 56.66B
15.19x2.81x6.29x4.33% 51.81B
Average 14.22x 2.39x 7.38x 4.76% 111.06B
Weighted average by Cap. 13.09x 2.16x 6.43x 5.14%

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

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  3. HTO Stock
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  5. Valuation Hellenic Telecommunications Organization S.A.
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