Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 36% After last week's 36% share price decline to €11.50, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Telecom industry in Europe. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.00 per share. Reported Earnings • May 11
First quarter 2026 earnings released: EPS: €0.35 (vs €0.37 in 1Q 2025) First quarter 2026 results: EPS: €0.35 (down from €0.37 in 1Q 2025). Revenue: €859.4m (down 2.2% from 1Q 2025). Net income: €138.2m (down 7.2% from 1Q 2025). Profit margin: 16% (in line with 1Q 2025). Revenue is forecast to stay flat during the next 3 years compared to a 2.4% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment deteriorates as stock falls 38% After last week's 38% share price decline to €11.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 16x in the Telecom industry in Europe. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.54 per share. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment deteriorates as stock falls 35% After last week's 35% share price decline to €11.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the Telecom industry in Europe. Total loss to shareholders of 5.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.53 per share. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment deteriorates as stock falls 31% After last week's 31% share price decline to €11.50, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Telecom industry in Europe. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at €13.49 per share. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 31% After last week's 31% share price decline to €11.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the Telecom industry in Europe. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.29 per share. Buy Or Sell Opportunity • Mar 12
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 33% to €11.50. The fair value is estimated to be €15.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 0.9% per annum. Earnings are forecast to decline by 1.4% per annum over the same time period. Declared Dividend • Mar 02
Final dividend of €0.88 announced Shareholders will receive a dividend of €0.88. Ex-date: 1st July 2026 Payment date: 7th July 2026 Dividend yield will be 5.5%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 5.5% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 28
Full year 2025 earnings released: EPS: €1.81 (vs €1.16 in FY 2024) Full year 2025 results: EPS: €1.81 (up from €1.16 in FY 2024). Revenue: €3.46b (down 3.5% from FY 2024). Net income: €726.0m (up 52% from FY 2024). Profit margin: 21% (up from 13% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Annonce • Feb 27
Hellenic Telecommunications Organization S.A. announces Annual dividend, payable on July 07, 2026 Hellenic Telecommunications Organization S.A. announced Annual dividend of EUR 0.8777 per share payable on July 07, 2026, ex-date on July 01, 2026 and record date on July 02, 2026. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment deteriorates as stock falls 32% After last week's 32% share price decline to €11.50, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Telecom industry in Europe. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.92 per share. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to €11.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the Telecom industry in Europe. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €13.83 per share. Annonce • Jan 27
Hellenic Telecommunications Organization S.A., Annual General Meeting, Jun 09, 2026 Hellenic Telecommunications Organization S.A., Annual General Meeting, Jun 09, 2026. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment deteriorates as stock falls 31% After last week's 31% share price decline to €11.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Telecom industry in Europe. Total loss to shareholders of 9.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €13.27 per share. Annonce • Jan 22
Hellenic Telecommunications Organization S.A. to Report Q4, 2025 Results on Feb 26, 2026 Hellenic Telecommunications Organization S.A. announced that they will report Q4, 2025 results Pre-Market on Feb 26, 2026 Board Change • Jan 07
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Non-Executive Director Alexandros Athanassiou was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Dec 15
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 22 December 2025. Payment date: 30 December 2025. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of British dividend payers (5.7%). In line with average of industry peers (4.6%). Buy Or Sell Opportunity • Dec 04
Now 34% undervalued after recent price drop Over the last 90 days, the stock has fallen 29% to €11.50. The fair value is estimated to be €17.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 8.5%. For the next 3 years, revenue is forecast to decline by 0.3% per annum. Earnings are forecast to grow by 2.4% per annum over the same time period. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment deteriorates as stock falls 31% After last week's 31% share price decline to €11.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Telecom industry in Europe. Total loss to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.52 per share. Buy Or Sell Opportunity • Nov 19
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 29% to €11.50. The fair value is estimated to be €15.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 8.5%. For the next 3 years, revenue is forecast to decline by 0.7% per annum. Earnings are forecast to grow by 3.0% per annum over the same time period. Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: €0.68 (vs €0.37 in 3Q 2024) Third quarter 2025 results: EPS: €0.68 (up from €0.37 in 3Q 2024). Revenue: €874.0m (down 2.6% from 3Q 2024). Net income: €271.5m (up 77% from 3Q 2024). Profit margin: 31% (up from 17% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Annonce • Nov 13
Hellenic Telecommunications Organization S.A. Announces Extraordinary Dividend, Payable on December 30, 2025 Hellenic Telecommunications Organization S.A. Board of Directors on November 12, 2025 approved the distribution of an extraordinary dividend to its shareholders of a total amount of €40 million, or €0.1 gross per share. The ex-dividend date will be December 22, 2025, the record date will be December 23, 2025, and shareholders registered on that date in the records of the Dematerialised Securities System (DSS) will be entitled to receive the extraordinary dividend. The dividend payment to shareholders will commence on December 30, 2025. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment deteriorates as stock falls 30% After last week's 30% share price decline to €11.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Telecom industry in Europe. Total loss to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.88 per share. Buy Or Sell Opportunity • Nov 04
Now 36% undervalued after recent price drop Over the last 90 days, the stock has fallen 27% to €11.50. The fair value is estimated to be €18.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 2.9%. For the next 3 years, revenue is forecast to decline by 0.05% per annum. Earnings are forecast to grow by 8.2% per annum over the same time period. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to €11.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 16x in the Telecom industry in Europe. Total loss to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €18.77 per share. Buy Or Sell Opportunity • Oct 14
Now 40% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to €11.50. The fair value is estimated to be €19.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 2.9%. For the next 3 years, revenue is forecast to decline by 0.06% per annum. Earnings are forecast to grow by 8.0% per annum over the same time period. Annonce • Oct 10
Hellenic Telecommunications Organization S.A. to Report Q3, 2025 Results on Nov 13, 2025 Hellenic Telecommunications Organization S.A. announced that they will report Q3, 2025 results Pre-Market on Nov 13, 2025 Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to €11.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Telecom industry in Europe. Total loss to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €18.88 per share. Buy Or Sell Opportunity • Sep 24
Now 37% undervalued after recent price drop Over the last 90 days, the stock has fallen 29% to €11.50. The fair value is estimated to be €18.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 2.9%. For the next 3 years, revenue is forecast to decline by 0.07% per annum. Earnings are forecast to grow by 7.9% per annum over the same time period. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment deteriorates as stock falls 30% After last week's 30% share price decline to €11.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Telecom industry in Europe. Total loss to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.96 per share. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to €11.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Telecom industry in Europe. Total loss to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €18.50 per share. Buy Or Sell Opportunity • Sep 01
Now 38% undervalued after recent price drop Over the last 90 days, the stock has fallen 34% to €11.50. The fair value is estimated to be €18.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 2.9%. For the next 3 years, revenue is forecast to decline by 0.2% per annum. Earnings are forecast to grow by 8.3% per annum over the same time period. Board Change • Sep 01
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Non-Executive Director Alexandros Athanassiou was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: €0.20 (vs €0.30 in 2Q 2024) Second quarter 2025 results: EPS: €0.20 (down from €0.30 in 2Q 2024). Revenue: €913.3m (flat on 2Q 2024). Net income: €81.0m (down 36% from 2Q 2024). Profit margin: 8.9% (down from 14% in 2Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 2.2% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 2% per year. Buy Or Sell Opportunity • Jul 30
Now 41% undervalued after recent price drop Over the last 90 days, the stock has fallen 29% to €11.50. The fair value is estimated to be €19.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 4.4%. For the next 3 years, revenue is forecast to grow by 0.6% per annum. Earnings are also forecast to grow by 6.0% per annum over the same time period. Board Change • Jul 15
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Non-Executive Director Alexandros Athanassiou was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Jun 24
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Non-Executive Director Alexandros Athanassiou was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment deteriorates as stock falls 33% After last week's 33% share price decline to €11.50, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Telecom industry in Europe. Total loss to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €16.51 per share. Buy Or Sell Opportunity • Jun 03
Now 31% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to €11.50. The fair value is estimated to be €16.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 4.4%. For the next 3 years, revenue is forecast to grow by 1.1% per annum. Earnings are also forecast to grow by 7.2% per annum over the same time period. Board Change • May 30
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Non-Executive Director Alexandros Athanassiou was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: €0.37 (vs €0.32 in 1Q 2024) First quarter 2025 results: EPS: €0.37 (up from €0.32 in 1Q 2024). Revenue: €878.8m (flat on 1Q 2024). Net income: €148.9m (up 11% from 1Q 2024). Profit margin: 17% (up from 15% in 1Q 2024). Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • May 15
Now 34% undervalued The stock has been flat over the last 90 days, currently trading at €11.50. The fair value is estimated to be €17.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 4.4%. For the next 3 years, revenue is forecast to grow by 1.1% per annum. Earnings are also forecast to grow by 7.2% per annum over the same time period. Board Change • May 14
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Non-Executive Director Alexandros Athanassiou was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annonce • Apr 08
Hellenic Telecommunications Organization S.A. to Report Q1, 2025 Results on May 14, 2025 Hellenic Telecommunications Organization S.A. announced that they will report Q1, 2025 results Pre-Market on May 14, 2025 Buy Or Sell Opportunity • Apr 08
Now 28% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to €11.50. The fair value is estimated to be €15.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 5.4%. For the next 3 years, revenue is forecast to grow by 1.1% per annum. Earnings are also forecast to grow by 7.3% per annum over the same time period. Declared Dividend • Apr 04
Dividend of €0.72 announced Shareholders will receive a dividend of €0.72. Ex-date: 3rd July 2025 Payment date: 9th July 2025 Dividend yield will be 6.3%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is covered by both earnings (62% earnings payout ratio) and cash flows (58% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to €11.50, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Telecom industry in Europe. Total loss to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.38 per share. Buy Or Sell Opportunity • Mar 07
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to €11.50. The fair value is estimated to be €15.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 5.4%. For the next 3 years, revenue is forecast to grow by 1.1% per annum. Earnings are also forecast to grow by 7.3% per annum over the same time period. Declared Dividend • Feb 28
Dividend of €0.72 announced Shareholders will receive a dividend of €0.72. Ex-date: 3rd July 2025 Payment date: 9th July 2025 Dividend yield will be 6.3%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is covered by both earnings (62% earnings payout ratio) and cash flows (58% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 27
Full year 2024 earnings released Full year 2024 results: Revenue: €3.60b (up 3.9% from FY 2023). Net income: €478.8m (down 9.9% from FY 2023). Profit margin: 13% (down from 15% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Annonce • Feb 26
Hellenic Telecommunications Organization S.A. Proposes Dividend Hellenic Telecommunications Organization S.A. proposed Dividend at €0.7216 per share at €298 Million. The dividend will be paid out to shareholders following approval of the Annual General Meeting of Shareholders. It is noted that own shares owned by the Company at the ex-dividend date are not entitled to dividend. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €11.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Telecom industry in Europe. Total loss to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.26 per share. Buy Or Sell Opportunity • Feb 20
Now 32% undervalued The stock has been flat over the last 90 days, currently trading at €11.50. The fair value is estimated to be €16.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 1.4% per annum. Earnings are also forecast to grow by 2.6% per annum over the same time period. Board Change • Feb 19
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Non-Executive Director Alexandros Athanassiou was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Buy Or Sell Opportunity • Feb 04
Now 35% undervalued after recent price drop Over the last 90 days, the stock has fallen 27% to €11.50. The fair value is estimated to be €17.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 1.4% per annum. Earnings are also forecast to grow by 3.3% per annum over the same time period. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to €11.50, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Telecom industry in Europe. Total loss to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.54 per share. Board Change • Feb 03
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Non-Executive Director Alexandros Athanassiou was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annonce • Jan 31
Hellenic Telecommunications Organization S.A. to Report First Half, 2025 Results on Aug 06, 2025 Hellenic Telecommunications Organization S.A. announced that they will report first half, 2025 results on Aug 06, 2025 Annonce • Jan 23
Hellenic Telecommunications Organization S.A. to Report Q4, 2024 Results on Feb 26, 2025 Hellenic Telecommunications Organization S.A. announced that they will report Q4, 2024 results Pre-Market on Feb 26, 2025 Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to €11.50, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Telecom industry in Europe. Total loss to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.25 per share. Buy Or Sell Opportunity • Jan 02
Now 34% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to €11.50. The fair value is estimated to be €17.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 1.4% per annum. Earnings are also forecast to grow by 3.2% per annum over the same time period. Board Change • Dec 30
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Non-Executive Director Alexandros Athanasiou was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to €11.50, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Telecom industry in Europe. Total loss to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €14.75 per share. Buy Or Sell Opportunity • Dec 02
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at €11.50. The fair value is estimated to be €14.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 1.4% per annum. Earnings are also forecast to grow by 3.2% per annum over the same time period. Board Change • Nov 28
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Non-Executive Director Alexandros Athanasiou was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: €0.37 (vs €0.35 in 3Q 2023) Third quarter 2024 results: EPS: €0.37 (up from €0.35 in 3Q 2023). Revenue: €897.2m (up 1.8% from 3Q 2023). Net income: €153.6m (up 2.4% from 3Q 2023). Profit margin: 17% (in line with 3Q 2023). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Annonce • Nov 01
Hellenic Telecommunications Organization S.A. to Report Nine Months, 2024 Results on Nov 14, 2024 Hellenic Telecommunications Organization S.A. announced that they will report nine months, 2024 results on Nov 14, 2024 Annonce • Oct 31
Digi Romania S.A and Vodafone Romania S.A. signed a Memorandum of Understanding to acquire Telekom Romania Mobile Communications S.A. from Hellenic Telecommunications Organization S.A. (ATSE:HTO). Digi Romania S.A and Vodafone Romania S.A. signed a Memorandum of Understanding to acquire Telekom Romania Mobile Communications S.A. from Hellenic Telecommunications Organization S.A. (ATSE:HTO) on October 31, 2024. Under the terms of the Memorandum of Understanding, Vodafone may potentially acquire the company along with a substantial portion of its assets, while Digi might acquire specific assets of Telekom Romania Mobile Communications S.A.
The parties still need to finalize comprehensive due diligence. Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to €11.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Telecom industry in Europe. Total loss to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €14.02 per share. Board Change • Sep 06
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Non-Executive Director Alexandros Athanasiou was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annonce • Aug 01
Hellenic Telecommunications Organization S.A. to Report First Half, 2024 Results on Aug 07, 2024 Hellenic Telecommunications Organization S.A. announced that they will report first half, 2024 results on Aug 07, 2024 Annonce • Jun 29
Hellenic Telecommunications Organization S.A. Announces Board and Committee Changes Hellenic Telecommunications Organization S.A. at its AGM held on June 28, 2024 elected Mr. Konstantinos Nebis, Chairman and CEO,?xecutive member, Ms. Elvira Gonzalez Sevilla, non-Executive member and Ms Christina Bousoulega, non-Executive member to Board of Directors. The term of office of the above Board members expires at the Ordinary General Meeting of the year 2027. Also, following the decision of the Shareholders regarding the type and composition of the Audit Committee as well as the term of office of its members, the Board of Directors elected the members of the Audit Committee and the Committee was formed on the same day into a corporate body as follows: Mr. Eelco Blok, (Chairman - Independent non-executive member of the Board), Mr. Alexandros Athanassiou, (Member - Independent Non-executive member of the Board) and Mr. Konstantinos Gravas, (Member - Independent Non-executive member of the Board), with a term of office equal to their term of office as members of the Board of Directors. Annonce • May 30
Digi Romania S.A. and Clever Media Network SRL completed the acquistion of Telekom Romania Mobile Communications S.A. from Hellenic Telecommunications Organization S.A. (ATSE:HTO) Digi Romania S.A. and Clever Media Network SRL signed a Memorandum of Understanding to acquire Telekom Romania Mobile Communications S.A. from Hellenic Telecommunications Organization S.A. (ATSE:HTO) on May 27, 2024. In the event the Transaction is completed, Telekom Romania Mobile will remain in the market as an independent telecommunications operator. The parties have signed a Memorandum of Understanding and are in the process to file for approval with the Romanian competent authorities. Completion of the transaction is subject to customary processes and approvals, including the completion of due diligence, regulatory approvals and the signing of the transaction documentation. Digi Romania S.A. and Clever Media Network SRL completed the acquistion of Telekom Romania Mobile Communications S.A. from Hellenic Telecommunications Organization S.A. (ATSE:HTO) on May 29, 2024. Annonce • May 29
Digi Romania S.A. and Clever Media Network SRL signed a Memorandum of Understanding to acquire Telekom Romania Mobile Communications S.A. from Hellenic Telecommunications Organization S.A. (ATSE:HTO). Digi Romania S.A. and Clever Media Network SRL signed a Memorandum of Understanding to acquire Telekom Romania Mobile Communications S.A. from Hellenic Telecommunications Organization S.A. (ATSE:HTO) on May 27, 2024. In the event the Transaction is completed, Telekom Romania Mobile will remain in the market as an independent telecommunications operator. The parties have signed a Memorandum of Understanding and are in the process to file for approval with the Romanian competent authorities. Completion of the transaction is subject to customary processes and approvals, including the completion of due diligence, regulatory approvals and the signing of the transaction documentation. Annonce • May 16
Hellenic Telecommunications Organization S.A. Proposes Dividend, Payable on July 10, 2024 Hellenic Telecommunications Organization S.A. proposed dividend per share stands at €0.71, up 23% compared to 2023. The dividend will be paid out to shareholders on July 10, 2024, subject To Approve the Annual General Meeting of Shareholders to be held on June 28, 2024. Reported Earnings • May 15
First quarter 2024 earnings released: EPS: €0.32 (vs €0.32 in 1Q 2023) First quarter 2024 results: EPS: €0.32. Revenue: €877.6m (up 9.2% from 1Q 2023). Net income: €134.8m (flat on 1Q 2023). Profit margin: 15% (down from 17% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.9% growth forecast for the Telecom industry in Europe. Valuation Update With 7 Day Price Move • May 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €11.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Telecom industry in Europe. Total loss to shareholders of 7.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €14.86 per share. Annonce • Apr 16
Hellenic Telecommunications Organization S.A. to Report Q1, 2024 Results on May 14, 2024 Hellenic Telecommunications Organization S.A. announced that they will report Q1, 2024 results Pre-Market on May 14, 2024 Board Change • Feb 28
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Non-Executive Director Konstantinos Gkravas was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Feb 06
Hellenic Telecommunications Organization S.A., Annual General Meeting, Jun 28, 2024 Hellenic Telecommunications Organization S.A., Annual General Meeting, Jun 28, 2024. Board Change • Jan 30
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Non-Executive Director Konstantinos Gkravas was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Jan 23
Hellenic Telecommunications Organization S.A. to Report Q4, 2023 Results on Feb 22, 2024 Hellenic Telecommunications Organization S.A. announced that they will report Q4, 2023 results Pre-Market on Feb 22, 2024 Annonce • Dec 16
Hellenic Telecommunications Organization S.A. Announces Michael Tsamaz, Chief Executive Officer Decides to Leave Hellenic Telecommunications Organization S.A. announced that Michael Tsamaz, Chief Executive Officer and Chairman of the OTE Board of Directors, has decided to leave the company end of June 2024, upon the expiration of his existing contract. Michael Tsamaz is OTE's longest-serving Chairman and CEO, having assumed this position in November 2010. Placing customer experience as a top priority, he led the successful transformation of OTE into a modern, high performing technology company, with strong financial foundations. During his tenure, OTE not only became the largest investor in new generation networks and technological infrastructure in Greece, contributing decisively to the digitalization of the country, society and businesses, but also a leader in all core telco segments: Fixed, Mobile, Pay TV, and ICT. In addition, it launched start-ups in non-core sectors such as FinTech, food delivery and insurance aggregation. The vision he set for the company for 2030, is to develop into a leading sustainable digital services provider, aiming at continuous improvement of shareholders value. Annonce • Dec 15
Hellenic Telecommunications Organization S.A. Announces Michael Tsamaz, Chairman of the Board Decides to Leave Hellenic Telecommunications Organization S.A. announced that Michael Tsamaz, Chief Executive Officer and Chairman of the OTE Board of Directors, has decided to leave the company end of June 2024, upon the expiration of his existing contract. Michael Tsamaz is OTE's longest-serving Chairman and CEO, having assumed this position in November 2010. Placing customer experience as a top priority, he led the successful transformation of OTE into a modern, high performing technology company, with strong financial foundations. During his tenure, OTE not only became the large investor in new generation networks and technological infrastructure in Greece, contributing decisively to the digitalization of the country, society and businesses, but also a leader in all core telco segments: Fixed, Mobile, Pay TV, and ICT. In addition, it launched start-ups in non-core sectors such as FinTech, food delivery and insurance aggregation. The vision he set for the company for 2030, is to develop into a leading sustainable digital services provider, aiming at continuous improvement of shareholders value. Board Change • Dec 12
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Non-Executive Director Konstantinos Gkravas was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Nov 27
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be €15.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 4.6% in 2 years. Earnings is forecast to grow by 49% in the next 2 years. 
