View ValuationGek Terna 将来の成長Future 基準チェック /26Gek Ternaの収益は年間12.5%で減少すると予測されていますが、年間利益は年間18.5%で増加すると予測されています。EPS は年間 増加すると予測されています。自己資本利益率は 3 年後に12.7% 17.2%なると予測されています。主要情報18.5%収益成長率17.19%EPS成長率Construction 収益成長11.0%収益成長率-12.5%将来の株主資本利益率12.72%アナリストカバレッジGood最終更新日02 Jun 2026今後の成長に関する最新情報分析記事 • Jun 05Here's What Analysts Are Forecasting For Gek Terna S.A. (ATH:GEKTERNA) After Its First-Quarter ResultsGek Terna S.A. ( ATH:GEKTERNA ) came out with its quarterly results last week, and we wanted to see how the business is...Price Target Changed • May 11Price target increased by 10.0% to €40.36Up from €36.70, the current price target is an average from 7 analysts. New target price is 6.3% below last closing price of €43.08. Stock is up 127% over the past year. The company is forecast to post earnings per share of €1.51 for next year compared to €1.39 last year.Price Target Changed • Jan 29Price target increased by 12% to €36.70Up from €32.72, the current price target is an average from 7 analysts. New target price is 9.9% above last closing price of €33.40. Stock is up 81% over the past year. The company is forecast to post earnings per share of €1.58 for next year compared to €0.25 last year.Price Target Changed • Jan 14Price target increased by 14% to €32.72Up from €28.68, the current price target is an average from 6 analysts. New target price is 19% above last closing price of €27.54. Stock is up 50% over the past year. The company is forecast to post earnings per share of €1.58 for next year compared to €0.25 last year.Price Target Changed • Nov 20Price target increased by 7.2% to €28.68Up from €26.75, the current price target is an average from 5 analysts. New target price is 18% above last closing price of €24.24. Stock is up 38% over the past year. The company is forecast to post earnings per share of €1.45 for next year compared to €0.25 last year.Price Target Changed • Apr 04Price target increased by 8.2% to €26.03Up from €24.07, the current price target is an average from 6 analysts. New target price is 42% above last closing price of €18.30. Stock is up 12% over the past year. The company is forecast to post earnings per share of €8.63 for next year compared to €1.57 last year.すべての更新を表示Recent updates分析記事 • Jun 05Here's What Analysts Are Forecasting For Gek Terna S.A. (ATH:GEKTERNA) After Its First-Quarter ResultsGek Terna S.A. ( ATH:GEKTERNA ) came out with its quarterly results last week, and we wanted to see how the business is...Reported Earnings • Jun 04First quarter 2026 earnings releasedFirst quarter 2026 results: EPS: €0.34. Revenue: €992.6m (flat on 1Q 2025). Net income: €34.7m (up 66% from 1Q 2025). Profit margin: 3.5% (up from 2.1% in 1Q 2025). Revenue is expected to decline by 13% p.a. on average during the next 3 years, while revenues in the Construction industry in Europe are expected to grow by 5.0%. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 44% per year, which means it is well ahead of earnings.Declared Dividend • May 29Dividend of €0.40 announcedShareholders will receive a dividend of €0.40. Ex-date: 30th June 2026 Payment date: 7th July 2026 Dividend yield will be 0.9%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is not covered by earnings (118% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 63% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 31% to bring the payout ratio under control. EPS is expected to grow by 72% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.お知らせ • May 26Gek Terna S.A. to Report Q1, 2026 Results on Jun 02, 2026Gek Terna S.A. announced that they will report Q1, 2026 results Pre-Market on Jun 02, 2026Price Target Changed • May 11Price target increased by 10.0% to €40.36Up from €36.70, the current price target is an average from 7 analysts. New target price is 6.3% below last closing price of €43.08. Stock is up 127% over the past year. The company is forecast to post earnings per share of €1.51 for next year compared to €1.39 last year.Recent Insider Transactions • May 11Insider recently sold €426k worth of stockOn the 7th of May, Georgios Perdikaris sold around 10k shares on-market at roughly €42.63 per share. This transaction amounted to 4.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.3m more than they bought in the last 12 months.分析記事 • Apr 14Gek Terna's (ATH:GEKTERNA) Solid Profits Have Weak FundamentalsGek Terna S.A.'s ( ATH:GEKTERNA ) stock was strong after they recently reported robust earnings. However, we think that...Reported Earnings • Apr 13Full year 2025 earnings released: EPS: €1.39 (vs €0.14 loss in FY 2024)Full year 2025 results: EPS: €1.39 (up from €0.14 loss in FY 2024). Revenue: €3.86b (up 19% from FY 2024). Net income: €139.0m (up €152.3m from FY 2024). Profit margin: 3.6% (up from net loss in FY 2024). Revenue is expected to decline by 7.6% p.a. on average during the next 3 years, while revenues in the Construction industry in Europe are expected to grow by 4.6%. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings.New Risk • Apr 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Greek stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (10% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin).お知らせ • Mar 31+ 1 more updateGek Terna S.A. to Report Fiscal Year 2025 Results on Apr 07, 2026Gek Terna S.A. announced that they will report fiscal year 2025 results at 5:20 PM, GTB Standard Time on Apr 07, 2026New Risk • Mar 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Greek stocks, typically moving 5.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (10% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 114% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (5.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Significant insider selling over the past 3 months (€1.3m sold).Price Target Changed • Jan 29Price target increased by 12% to €36.70Up from €32.72, the current price target is an average from 7 analysts. New target price is 9.9% above last closing price of €33.40. Stock is up 81% over the past year. The company is forecast to post earnings per share of €1.58 for next year compared to €0.25 last year.分析記事 • Jan 23Gek Terna S.A.'s (ATH:GEKTERNA) Shares Bounce 27% But Its Business Still Trails The IndustryDespite an already strong run, Gek Terna S.A. ( ATH:GEKTERNA ) shares have been powering on, with a gain of 27% in the...Price Target Changed • Jan 14Price target increased by 14% to €32.72Up from €28.68, the current price target is an average from 6 analysts. New target price is 19% above last closing price of €27.54. Stock is up 50% over the past year. The company is forecast to post earnings per share of €1.58 for next year compared to €0.25 last year.Recent Insider Transactions • Dec 11Non-Executive Director recently sold €1.3m worth of stockOn the 8th of December, Dimitrios Antonakos sold around 50k shares on-market at roughly €25.51 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.9m more than they bought in the last 12 months.分析記事 • Nov 30Gek Terna (ATH:GEKTERNA) Is Doing The Right Things To Multiply Its Share PriceIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Reported Earnings • Nov 24Third quarter 2025 earnings released: EPS: €0.38 (vs €0.47 in 3Q 2024)Third quarter 2025 results: EPS: €0.38 (down from €0.47 in 3Q 2024). Revenue: €917.5m (down 5.4% from 3Q 2024). Net income: €38.6m (down 17% from 3Q 2024). Profit margin: 4.2% (down from 4.8% in 3Q 2024). Revenue is expected to decline by 7.5% p.a. on average during the next 3 years, while revenues in the Construction industry in Europe are expected to grow by 4.4%. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings.Price Target Changed • Nov 20Price target increased by 7.2% to €28.68Up from €26.75, the current price target is an average from 5 analysts. New target price is 18% above last closing price of €24.24. Stock is up 38% over the past year. The company is forecast to post earnings per share of €1.45 for next year compared to €0.25 last year.お知らせ • Nov 15Gek Terna S.A. to Report Nine Months, 2025 Results on Nov 21, 2025Gek Terna S.A. announced that they will report nine months, 2025 results on Nov 21, 2025お知らせ • Sep 09Gek Terna S.A. to Report First Half, 2025 Results on Sep 30, 2025Gek Terna S.A. announced that they will report first half, 2025 results on Sep 30, 2025分析記事 • Aug 14Pinning Down Gek Terna S.A.'s (ATH:GEKTERNA) P/S Is Difficult Right NowIt's not a stretch to say that Gek Terna S.A.'s ( ATH:GEKTERNA ) price-to-sales (or "P/S") ratio of 0.6x right now...分析記事 • Jul 27Gek Terna's (ATH:GEKTERNA) Returns Have Hit A WallFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Upcoming Dividend • Jun 18Upcoming dividend of €0.40 per shareEligible shareholders must have bought the stock before 25 June 2025. Payment date: 02 July 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.3%. Lower than top quartile of Greek dividend payers (5.7%). Lower than average of industry peers (3.7%).お知らせ • Jun 12Latsco Direct Investments Cyprus limited completed the acquisition of 10% stake in Nea Attiki Odos Parachorisi Single Member Societe Anonyme from Gek Terna S.A. (ATSE:GEKTERNA).Latsco Direct Investments Cyprus limited agreed to acquire 10% stake in Nea Attiki Odos Parachorisi Single Member Societe Anonyme from Gek Terna S.A. (ATSE:GEKTERNA) for €77.2 million on October 8, 2024. Latsco Direct Investments Cyprus limited completed the acquisition of 10% stake in Nea Attiki Odos Parachorisi Single Member Societe Anonyme from Gek Terna S.A. (ATSE:GEKTERNA) on June 10, 2025.Reported Earnings • Jun 04First quarter 2025 earnings released: EPS: €0.21 (vs €0.37 in 1Q 2024)First quarter 2025 results: EPS: €0.21 (down from €0.37 in 1Q 2024). Revenue: €989.4m (up 32% from 1Q 2024). Net income: €20.9m (down 33% from 1Q 2024). Profit margin: 2.1% (down from 4.2% in 1Q 2024). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.お知らせ • May 29Gek Terna S.A. to Report Q1, 2025 Results on Jun 03, 2025Gek Terna S.A. announced that they will report Q1, 2025 results on Jun 03, 2025Recent Insider Transactions • May 23Executive Director recently sold €380k worth of stockOn the 20th of May, Penelope Lazaridou sold around 20k shares on-market at roughly €19.00 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €300k more than they bought in the last 12 months.Reported Earnings • May 02Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: €0.25 (down from €1.57 in FY 2023). Revenue: €3.25b (down 7.1% from FY 2023). Net income: €24.8m (down 83% from FY 2023). Profit margin: 0.8% (down from 4.2% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 4.2%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.New Risk • May 02New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.8% Last year net profit margin: 4.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). High level of non-cash earnings (73% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (0.8% net profit margin).お知らせ • Apr 25+ 1 more updateGek Terna S.A. to Report Fiscal Year 2024 Results on Apr 29, 2025Gek Terna S.A. announced that they will report fiscal year 2024 results on Apr 29, 2025Price Target Changed • Apr 04Price target increased by 8.2% to €26.03Up from €24.07, the current price target is an average from 6 analysts. New target price is 42% above last closing price of €18.30. Stock is up 12% over the past year. The company is forecast to post earnings per share of €8.63 for next year compared to €1.57 last year.Price Target Changed • Dec 11Price target increased by 9.1% to €23.72Up from €21.73, the current price target is an average from 5 analysts. New target price is 28% above last closing price of €18.58. Stock is up 43% over the past year. The company is forecast to post earnings per share of €8.63 for next year compared to €1.57 last year.New Risk • Dec 11New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 50% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Earnings are forecast to decline by an average of 50% per year for the foreseeable future. Minor Risk Shareholders have been diluted in the past year (5.8% increase in shares outstanding).お知らせ • Nov 29Abu Dhabi Future Energy Company PJSC - Masdar Completed the acquisition of 70% stake in TERNA ENERGY Industrial Commercial Technical Societe Anonyme (ATSE:TENERGY) from Gek Terna S.A. (ATSE:GEKTERNA) and others.Abu Dhabi Future Energy Company PJSC - Masdar signed a definitive agreement to acquire 67% stake in TERNA ENERGY Industrial Commercial Technical Societe Anonyme (ATSE:TENERGY) from Gek Terna S.A. (ATSE:GEKTERNA) and others for €1.6 billion on June 20, 2024. A cash consideration valued at €20 per share will be paid by Abu Dhabi Future Energy Company PJSC - Masdar. After completion of the transaction, Masdar will launch an all-cash mandatory tender offer to acquire all the remaining outstanding shares of the company with the intention of reaching 100%. The transaction is Subject to regulatory approvals and other conditions precedent. Additionally, Masdar announced plans to acquire a 50% stake in Terra-Gen, a North American renewable energy company, from Energy Capital Partners, which operates 2.4 GW of wind and solar and 5.1 GWh of energy storage across the US. Both acquisitions, expected to close by the end of 2024, will significantly contribute to Masdar’s goal of reaching 100 GW of global capacity by 2030. As of October 10, 2024, the transaction has received approval from European Commission. Rothschild Limited acted as financial advisor for Abu Dhabi Future Energy Company PJSC - Masdar. Simmons & Simmons, Nikos Papachristopoulos, Yannis Seiradakis and Athanasia Tsene and Counsel Eleni Stazilova, Marina Androulakakis, Maria Nefeli Bernitsa and Tania Patsalia, Counsel Maria Kloni of M. & P. Bernitsas Law Offices and Latham & Watkins LLP acted as legal advisors for Abu Dhabi Future Energy Company PJSC - Masdar. Panos Katsambas and Delphine Currie and Counsel Matt Bowen of Reed Smith LLP, Vassilis Stergiou and Aspasia Malliou of Potamitisvekris acted as legal advisors for Gek Terna S.A. Morgan Stanley acted as financial advisor for Gek Terna S.A. Morgan Stanley (NYSE:MS) acted as sole financial advisor to Terna Energy. Abu Dhabi Future Energy Company PJSC - Masdar Completed the acquisition of 70% stake in TERNA ENERGY Industrial Commercial Technical Societe Anonyme (ATSE:TENERGY) from Gek Terna S.A. (ATSE:GEKTERNA) and others on November 28, 2024.お知らせ • Nov 25Gek Terna S.A. to Report Nine Months, 2024 Results on Nov 29, 2024Gek Terna S.A. announced that they will report nine months, 2024 results on Nov 29, 2024Recent Insider Transactions • Nov 20Executive Vice Chairman recently bought €347k worth of stockOn the 15th of November, Michael Gourzis bought around 20k shares on-market at roughly €17.36 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Michael has been a buyer over the last 12 months, purchasing a net total of €1.0m worth in shares.New Risk • Sep 29New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (3.0x net interest cover). Minor Risk Shareholders have been diluted in the past year (5.2% increase in shares outstanding).お知らせ • Sep 21Gek Terna S.A. to Report First Half, 2024 Results on Sep 26, 2024Gek Terna S.A. announced that they will report first half, 2024 results on Sep 26, 2024Upcoming Dividend • Aug 21Upcoming dividend of €0.25 per shareEligible shareholders must have bought the stock before 28 August 2024. Payment date: 03 September 2024. The company last paid an ordinary dividend in . The average dividend yield among industry peers is 3.8%.Declared Dividend • Jul 29Dividend of €0.25 announcedShareholders will receive a dividend of €0.25. Ex-date: 28th August 2024 Payment date: 3rd September 2024 Dividend yield will be 1.4%, which is lower than the industry average of 2.9%.Recent Insider Transactions • Jul 14Executive Vice Chairman recently bought €347k worth of stockOn the 10th of July, Michael Gourzis bought around 20k shares on-market at roughly €17.36 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Michael has been a buyer over the last 12 months, purchasing a net total of €3.4m worth in shares.Recent Insider Transactions • Jul 02Executive Director recently sold €830k worth of stockOn the 26th of June, Emmanuel Moustakas sold around 50k shares on-market at roughly €16.60 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.2m more than they bought in the last 12 months.お知らせ • Jun 21Abu Dhabi Future Energy Company PJSC - Masdar signed a definitive agreement to acquire 67% stake in TERNA ENERGY Industrial Commercial Technical Societe Anonyme (ATSE:TENERGY) from Gek Terna S.A. (ATSE:GEKTERNA) and others for £1.6 billion.Abu Dhabi Future Energy Company PJSC - Masdar signed a definitive agreement to acquire 67% stake in TERNA ENERGY Industrial Commercial Technical Societe Anonyme (ATSE:TENERGY) from Gek Terna S.A. (ATSE:GEKTERNA) and others for €1.6 billion on June 20, 2024. A cash consideration valued at €20 per share will be paid by Abu Dhabi Future Energy Company PJSC - Masdar. After completion of the transaction, Masdar will launch an all-cash mandatory tender offer to acquire all the remaining outstanding shares of the company with the intention of reaching 100%. The transaction is Subject to regulatory approvals and other conditions precedent. Rothschild Limited acted as financial advisor for Abu Dhabi Future Energy Company PJSC - Masdar. Simmons & Simmons, M. & P. Bernitsas Law Offices and Latham & Watkins LLP acted as legal advisors for Abu Dhabi Future Energy Company PJSC - Masdar. Reed Smith LLP, Potamitisvekris acted as legal advisors for Gek Terna S.A.. Morgan Stanley acted as financial advisor for Gek Terna S.A. Morgan Stanley (NYSE:MS) acted as sole financial advisor to Terna Energy.Reported Earnings • Jun 04First quarter 2024 earnings released: EPS: €0.37 (vs €0.24 in 1Q 2023)First quarter 2024 results: EPS: €0.37. Revenue: €747.3m (down 8.8% from 1Q 2023). Net income: €31.3m (down 19% from 1Q 2023). Profit margin: 4.2% (down from 4.7% in 1Q 2023). The decrease in margin was driven by lower revenue.Reported Earnings • Apr 30Full year 2023 earnings released: EPS: €1.42 (vs €1.42 in FY 2022)Full year 2023 results: EPS: €1.42. Revenue: €3.50b (down 11% from FY 2022). Net income: €147.8m (up 8.3% from FY 2022). Profit margin: 4.2% (up from 3.5% in FY 2022). The increase in margin was driven by lower expenses.お知らせ • Apr 26Gek Terna S.A. to Report Fiscal Year 2023 Results on Apr 29, 2024Gek Terna S.A. announced that they will report fiscal year 2023 results at 5:20 PM, GTB Standard Time on Apr 29, 2024Price Target Changed • Jan 23Price target increased by 8.3% to €17.85Up from €16.48, the current price target is an average from 2 analysts. New target price is 31% above last closing price of €13.60. Stock is up 16% over the past year. The company posted earnings per share of €1.42 last year.Reported Earnings • Nov 24Third quarter 2023 earnings released: EPS: €0.31 (vs €0.50 in 3Q 2022)Third quarter 2023 results: EPS: €0.31 (down from €0.50 in 3Q 2022). Revenue: €925.0m (down 29% from 3Q 2022). Net income: €29.2m (down 38% from 3Q 2022). Profit margin: 3.2% (down from 3.6% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.Reported Earnings • Sep 26Second quarter 2023 earnings released: EPS: €0.34 (vs €0.11 in 2Q 2022)Second quarter 2023 results: EPS: €0.34 (up from €0.11 in 2Q 2022). Revenue: €784.6m (up 7.4% from 2Q 2022). Net income: €31.4m (up 195% from 2Q 2022). Profit margin: 4.0% (up from 1.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Construction industry in Europe are expected to grow by 3.8%. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.お知らせ • Sep 13GEK TERNA Holdings, Real Estate, Construction S.A. to Report First Half, 2023 Results on Sep 25, 2023GEK TERNA Holdings, Real Estate, Construction S.A. announced that they will report first half, 2023 results on Sep 25, 2023Upcoming Dividend • Aug 16Inaugural dividend of €0.20 per shareEligible shareholders must have bought the stock before 23 August 2023. Payment date: 29 August 2023. The company last paid an ordinary dividend in . The average dividend yield among industry peers is 4.0%.Reported Earnings • Jun 01First quarter 2023 earnings released: EPS: €0.40 (vs €0.11 in 1Q 2022)First quarter 2023 results: EPS: €0.40 (up from €0.11 in 1Q 2022). Revenue: €819.7m (up 12% from 1Q 2022). Net income: €38.8m (up 265% from 1Q 2022). Profit margin: 4.7% (up from 1.5% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 3.5% p.a. on average during the next 3 years, while revenues in the Construction industry in Europe are expected to grow by 2.7%. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.お知らせ • May 12Hard Rock International Limited acquired 51% stake in IRC S.A. from GEK TERNA Holdings, Real Estate, Construction S.A. (ATSE:GEKTERNA).Hard Rock International Limited acquired 51% stake in IRC S.A. from GEK TERNA Holdings, Real Estate, Construction S.A. (ATSE:GEKTERNA) on May 11, 2023.Hard Rock International Limited completed the acquisition of 51% stake in IRC S.A. from GEK TERNA Holdings, Real Estate, Construction S.A. (ATSE:GEKTERNA) on May 11, 2023.Reported Earnings • Apr 30Full year 2022 earnings released: EPS: €1.42 (vs €0.88 in FY 2021)Full year 2022 results: EPS: €1.42 (up from €0.88 in FY 2021). Revenue: €3.94b (up 244% from FY 2021). Net income: €136.5m (up 61% from FY 2021). Profit margin: 3.5% (down from 7.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 6.4% p.a. on average during the next 3 years, while revenues in the Construction industry in Europe are expected to grow by 2.4%. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.Reported Earnings • Dec 06Third quarter 2022 earnings released: EPS: €0.50 (vs €0.13 in 3Q 2021)Third quarter 2022 results: EPS: €0.50 (up from €0.13 in 3Q 2021). Revenue: €1.30b (up 398% from 3Q 2021). Net income: €47.3m (up 246% from 3Q 2021). Profit margin: 3.6% (down from 5.2% in 3Q 2021). Revenue is expected to decline by 74% p.a. on average during the next 2 years, while revenues in the Construction industry in Europe are expected to grow by 3.1%. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Price Target Changed • Nov 16Price target increased to €13.77Up from €8.80, the current price target is an average from 3 analysts. New target price is 43% above last closing price of €9.62. Stock is down 6.6% over the past year. The company posted earnings per share of €0.88 last year.Reported Earnings • Oct 02First half 2022 earnings released: EPS: €0.22 (vs €0.091 loss in 1H 2021)First half 2022 results: EPS: €0.22 (up from €0.091 loss in 1H 2021). Revenue: €1.46b (up 233% from 1H 2021). Net income: €21.3m (up €30.0m from 1H 2021). Profit margin: 1.5% (up from net loss in 1H 2021). Revenue is expected to decline by 49% p.a. on average during the next 2 years, while revenues in the Construction industry in Europe are expected to grow by 3.2%. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Aug 30Upcoming dividend of €0.12 per shareEligible shareholders must have bought the stock before 06 September 2022. Payment date: 13 September 2022. Trailing yield: 1.2%. Lower than top quartile of Greek dividend payers (5.1%). Lower than average of industry peers (4.1%).Recent Insider Transactions Derivative • Jul 04CEO & Chairman exercised options to buy €2.2m worth of stock.On the 1st of July, Goergios Peristeris exercised options to buy 233k shares at a strike price of around €2.00, costing a total of €466k. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. Since September 2021, Goergios' direct individual holding has decreased from 32.89m shares to 31.26m. Company insiders have collectively sold €14m more than they bought, via options and on-market transactions in the last 12 months.Reported Earnings • May 02Full year 2021 earnings released: EPS: €1.50 (vs €0.13 in FY 2020)Full year 2021 results: EPS: €1.50 (up from €0.13 in FY 2020). Revenue: €1.14b (up 18% from FY 2020). Net income: €144.0m (up €131.5m from FY 2020). Profit margin: 13% (up from 1.3% in FY 2020). Over the next year, revenue is forecast to grow 21%, compared to a 15% growth forecast for the industry in Greece. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.Price Target Changed • Apr 27Price target increased to €13.77Up from €8.80, the current price target is provided by 1 analyst. New target price is 42% above last closing price of €9.70. Stock is down 2.4% over the past year. The company posted earnings per share of €0.13 last year.Recent Insider Transactions • Feb 16CEO & Chairman recently sold €9.5m worth of stockOn the 15th of February, Goergios Peristeris sold around 1m shares on-market at roughly €9.27 per share. This was the largest sale by an insider in the last 3 months. Despite the recent sale, Goergios has been a buyer over the last 12 months, purchasing a net total of €5.7m worth of shares.Recent Insider Transactions • Sep 28CEO & Chairman recently bought €358k worth of stockOn the 24th of September, Goergios Peristeris bought around 40k shares on-market at roughly €8.95 per share. This was the largest purchase by an insider in the last 3 months. Goergios has been a buyer over the last 12 months, purchasing a net total of €15m worth in shares.Recent Insider Transactions • Jun 15CEO, MD & Chairman recently bought €1.9m worth of stockOn the 11th of June, Goergios Peristeris bought around 950k shares on-market at roughly €2.00 per share. In the last 3 months, they made an even bigger purchase worth €13m. Goergios has been a buyer over the last 12 months, purchasing a net total of €15m worth in shares.Reported Earnings • May 04Full year 2020 earnings released: EPS €0.13 (vs €0.24 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €971.3m (down 16% from FY 2019). Net income: €12.5m (down 47% from FY 2019). Profit margin: 1.3% (down from 2.0% in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance.Recent Insider Transactions • Apr 30CEO, MD & Chairman recently bought €13m worth of stockOn the 28th of April, Goergios Peristeris bought around 1m shares on-market at roughly €11.20 per share. This was the largest purchase by an insider in the last 3 months. Goergios has been a buyer over the last 12 months, purchasing a net total of €13m worth in shares.Recent Insider Transactions • Feb 25CEO, MD & Chairman recently bought €355k worth of stockOn the 19th of February, Goergios Peristeris bought around 45k shares on-market at roughly €7.88 per share. This was the largest purchase by an insider in the last 3 months. Goergios has been a buyer over the last 12 months, purchasing a net total of €9.3m worth in shares.Is New 90 Day High Low • Feb 11New 90-day high: €8.09The company is up 30% from its price of €6.21 on 13 November 2020. The Greek market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 14% over the same period.Is New 90 Day High Low • Dec 28New 90-day high: €7.75The company is up 26% from its price of €6.15 on 29 September 2020. The Greek market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 24% over the same period.Reported Earnings • Dec 16Third quarter 2020 earnings released: EPS €0.48The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: €253.5m (down 6.6% from 3Q 2019). Net income: €47.0m (up €41.6m from 3Q 2019). Profit margin: 19% (up from 2.0% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.Is New 90 Day High Low • Dec 04New 90-day high: €7.56The company is up 21% from its price of €6.24 on 04 September 2020. The Greek market is up 15% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Construction industry, which is up 28% over the same period.Is New 90 Day High Low • Nov 18New 90-day high: €6.83The company is up 13% from its price of €6.06 on 20 August 2020. The Greek market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 11% over the same period.業績と収益の成長予測ATSE:GEKTERNA - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20282,724254303N/A512/31/20272,689174235N/A512/31/20262,630162141N/A13/31/20263,859153N/AN/AN/A12/31/20253,855139-779557N/A9/30/20253,89235N/AN/AN/A6/30/20253,84443-2,854472N/A3/31/20253,57522N/AN/AN/A12/31/20243,250-13-2,881427N/A9/30/20243,475167N/AN/AN/A6/30/20243,117113286297N/A3/31/20243,427140N/AN/AN/A12/31/20233,252126224235N/A9/30/20233,706167N/AN/AN/A6/30/20233,974178307408N/A3/31/20234,027165N/AN/AN/A12/31/20223,938137-11244N/A9/30/20223,205149N/AN/AN/A6/30/20222,166115-78213N/A3/31/20221,65510017263N/A12/31/20211,14485111314N/A9/30/2021869-38N/AN/AN/A6/30/2021911-559178N/A3/31/20219020126247N/A12/31/20208926194316N/A9/30/20201,04119N/AN/AN/A6/30/20201,009-2174333N/A3/31/20201,06719N/AN/AN/A12/31/20191,15623N/A238N/A9/30/20191,22018N/AN/AN/A6/30/20191,28624N/A253N/A3/31/20191,3533N/AN/AN/A12/31/20181,4034N/A96N/A9/30/20181,33862N/AN/AN/A6/30/20181,26442N/A-106N/A3/31/20181,27151N/AN/AN/A12/31/20171,18670N/A8N/A9/30/20171,19156N/A56N/A6/30/20171,18746N/A349N/A3/31/20171,13548N/AN/AN/A12/31/20161,16334N/A311N/A9/30/20161,14522N/A341N/A6/30/20161,10424N/A180N/A3/31/20161,035-6N/A192N/A12/31/2015972-14N/A175N/A9/30/2015950-70N/A246N/A6/30/2015984-76N/A106N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: GEKTERNAの予測収益成長率 (年間18.5% ) は 貯蓄率 ( 3.2% ) を上回っています。収益対市場: GEKTERNAの収益 ( 18.5% ) はGreek市場 ( 10.3% ) よりも速いペースで成長すると予測されています。高成長収益: GEKTERNAの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: GEKTERNAの収益は今後 3 年間で減少すると予想されています (年間-12.5% )。高い収益成長: GEKTERNAの収益は今後 3 年間で減少すると予測されています (年間-12.5% )。一株当たり利益成長率予想将来の株主資本利益率将来のROE: GEKTERNAの 自己資本利益率 は、3年後には低くなると予測されています ( 12.7 %)。成長企業の発掘7D1Y7D1Y7D1YCapital-goods 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/10 08:13終値2026/06/10 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Gek Terna S.A. 6 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。13 アナリスト機関Constantinos ZouzoulasAxia Ventures Group LtdJosé ArroyasBanco SantanderDimitris GiannoulisDeutsche Bank10 その他のアナリストを表示
分析記事 • Jun 05Here's What Analysts Are Forecasting For Gek Terna S.A. (ATH:GEKTERNA) After Its First-Quarter ResultsGek Terna S.A. ( ATH:GEKTERNA ) came out with its quarterly results last week, and we wanted to see how the business is...
Price Target Changed • May 11Price target increased by 10.0% to €40.36Up from €36.70, the current price target is an average from 7 analysts. New target price is 6.3% below last closing price of €43.08. Stock is up 127% over the past year. The company is forecast to post earnings per share of €1.51 for next year compared to €1.39 last year.
Price Target Changed • Jan 29Price target increased by 12% to €36.70Up from €32.72, the current price target is an average from 7 analysts. New target price is 9.9% above last closing price of €33.40. Stock is up 81% over the past year. The company is forecast to post earnings per share of €1.58 for next year compared to €0.25 last year.
Price Target Changed • Jan 14Price target increased by 14% to €32.72Up from €28.68, the current price target is an average from 6 analysts. New target price is 19% above last closing price of €27.54. Stock is up 50% over the past year. The company is forecast to post earnings per share of €1.58 for next year compared to €0.25 last year.
Price Target Changed • Nov 20Price target increased by 7.2% to €28.68Up from €26.75, the current price target is an average from 5 analysts. New target price is 18% above last closing price of €24.24. Stock is up 38% over the past year. The company is forecast to post earnings per share of €1.45 for next year compared to €0.25 last year.
Price Target Changed • Apr 04Price target increased by 8.2% to €26.03Up from €24.07, the current price target is an average from 6 analysts. New target price is 42% above last closing price of €18.30. Stock is up 12% over the past year. The company is forecast to post earnings per share of €8.63 for next year compared to €1.57 last year.
分析記事 • Jun 05Here's What Analysts Are Forecasting For Gek Terna S.A. (ATH:GEKTERNA) After Its First-Quarter ResultsGek Terna S.A. ( ATH:GEKTERNA ) came out with its quarterly results last week, and we wanted to see how the business is...
Reported Earnings • Jun 04First quarter 2026 earnings releasedFirst quarter 2026 results: EPS: €0.34. Revenue: €992.6m (flat on 1Q 2025). Net income: €34.7m (up 66% from 1Q 2025). Profit margin: 3.5% (up from 2.1% in 1Q 2025). Revenue is expected to decline by 13% p.a. on average during the next 3 years, while revenues in the Construction industry in Europe are expected to grow by 5.0%. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 44% per year, which means it is well ahead of earnings.
Declared Dividend • May 29Dividend of €0.40 announcedShareholders will receive a dividend of €0.40. Ex-date: 30th June 2026 Payment date: 7th July 2026 Dividend yield will be 0.9%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is not covered by earnings (118% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 63% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 31% to bring the payout ratio under control. EPS is expected to grow by 72% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
お知らせ • May 26Gek Terna S.A. to Report Q1, 2026 Results on Jun 02, 2026Gek Terna S.A. announced that they will report Q1, 2026 results Pre-Market on Jun 02, 2026
Price Target Changed • May 11Price target increased by 10.0% to €40.36Up from €36.70, the current price target is an average from 7 analysts. New target price is 6.3% below last closing price of €43.08. Stock is up 127% over the past year. The company is forecast to post earnings per share of €1.51 for next year compared to €1.39 last year.
Recent Insider Transactions • May 11Insider recently sold €426k worth of stockOn the 7th of May, Georgios Perdikaris sold around 10k shares on-market at roughly €42.63 per share. This transaction amounted to 4.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.3m more than they bought in the last 12 months.
分析記事 • Apr 14Gek Terna's (ATH:GEKTERNA) Solid Profits Have Weak FundamentalsGek Terna S.A.'s ( ATH:GEKTERNA ) stock was strong after they recently reported robust earnings. However, we think that...
Reported Earnings • Apr 13Full year 2025 earnings released: EPS: €1.39 (vs €0.14 loss in FY 2024)Full year 2025 results: EPS: €1.39 (up from €0.14 loss in FY 2024). Revenue: €3.86b (up 19% from FY 2024). Net income: €139.0m (up €152.3m from FY 2024). Profit margin: 3.6% (up from net loss in FY 2024). Revenue is expected to decline by 7.6% p.a. on average during the next 3 years, while revenues in the Construction industry in Europe are expected to grow by 4.6%. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings.
New Risk • Apr 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Greek stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (10% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin).
お知らせ • Mar 31+ 1 more updateGek Terna S.A. to Report Fiscal Year 2025 Results on Apr 07, 2026Gek Terna S.A. announced that they will report fiscal year 2025 results at 5:20 PM, GTB Standard Time on Apr 07, 2026
New Risk • Mar 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Greek stocks, typically moving 5.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (10% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 114% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (5.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Significant insider selling over the past 3 months (€1.3m sold).
Price Target Changed • Jan 29Price target increased by 12% to €36.70Up from €32.72, the current price target is an average from 7 analysts. New target price is 9.9% above last closing price of €33.40. Stock is up 81% over the past year. The company is forecast to post earnings per share of €1.58 for next year compared to €0.25 last year.
分析記事 • Jan 23Gek Terna S.A.'s (ATH:GEKTERNA) Shares Bounce 27% But Its Business Still Trails The IndustryDespite an already strong run, Gek Terna S.A. ( ATH:GEKTERNA ) shares have been powering on, with a gain of 27% in the...
Price Target Changed • Jan 14Price target increased by 14% to €32.72Up from €28.68, the current price target is an average from 6 analysts. New target price is 19% above last closing price of €27.54. Stock is up 50% over the past year. The company is forecast to post earnings per share of €1.58 for next year compared to €0.25 last year.
Recent Insider Transactions • Dec 11Non-Executive Director recently sold €1.3m worth of stockOn the 8th of December, Dimitrios Antonakos sold around 50k shares on-market at roughly €25.51 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.9m more than they bought in the last 12 months.
分析記事 • Nov 30Gek Terna (ATH:GEKTERNA) Is Doing The Right Things To Multiply Its Share PriceIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Reported Earnings • Nov 24Third quarter 2025 earnings released: EPS: €0.38 (vs €0.47 in 3Q 2024)Third quarter 2025 results: EPS: €0.38 (down from €0.47 in 3Q 2024). Revenue: €917.5m (down 5.4% from 3Q 2024). Net income: €38.6m (down 17% from 3Q 2024). Profit margin: 4.2% (down from 4.8% in 3Q 2024). Revenue is expected to decline by 7.5% p.a. on average during the next 3 years, while revenues in the Construction industry in Europe are expected to grow by 4.4%. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings.
Price Target Changed • Nov 20Price target increased by 7.2% to €28.68Up from €26.75, the current price target is an average from 5 analysts. New target price is 18% above last closing price of €24.24. Stock is up 38% over the past year. The company is forecast to post earnings per share of €1.45 for next year compared to €0.25 last year.
お知らせ • Nov 15Gek Terna S.A. to Report Nine Months, 2025 Results on Nov 21, 2025Gek Terna S.A. announced that they will report nine months, 2025 results on Nov 21, 2025
お知らせ • Sep 09Gek Terna S.A. to Report First Half, 2025 Results on Sep 30, 2025Gek Terna S.A. announced that they will report first half, 2025 results on Sep 30, 2025
分析記事 • Aug 14Pinning Down Gek Terna S.A.'s (ATH:GEKTERNA) P/S Is Difficult Right NowIt's not a stretch to say that Gek Terna S.A.'s ( ATH:GEKTERNA ) price-to-sales (or "P/S") ratio of 0.6x right now...
分析記事 • Jul 27Gek Terna's (ATH:GEKTERNA) Returns Have Hit A WallFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Upcoming Dividend • Jun 18Upcoming dividend of €0.40 per shareEligible shareholders must have bought the stock before 25 June 2025. Payment date: 02 July 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.3%. Lower than top quartile of Greek dividend payers (5.7%). Lower than average of industry peers (3.7%).
お知らせ • Jun 12Latsco Direct Investments Cyprus limited completed the acquisition of 10% stake in Nea Attiki Odos Parachorisi Single Member Societe Anonyme from Gek Terna S.A. (ATSE:GEKTERNA).Latsco Direct Investments Cyprus limited agreed to acquire 10% stake in Nea Attiki Odos Parachorisi Single Member Societe Anonyme from Gek Terna S.A. (ATSE:GEKTERNA) for €77.2 million on October 8, 2024. Latsco Direct Investments Cyprus limited completed the acquisition of 10% stake in Nea Attiki Odos Parachorisi Single Member Societe Anonyme from Gek Terna S.A. (ATSE:GEKTERNA) on June 10, 2025.
Reported Earnings • Jun 04First quarter 2025 earnings released: EPS: €0.21 (vs €0.37 in 1Q 2024)First quarter 2025 results: EPS: €0.21 (down from €0.37 in 1Q 2024). Revenue: €989.4m (up 32% from 1Q 2024). Net income: €20.9m (down 33% from 1Q 2024). Profit margin: 2.1% (down from 4.2% in 1Q 2024). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.
お知らせ • May 29Gek Terna S.A. to Report Q1, 2025 Results on Jun 03, 2025Gek Terna S.A. announced that they will report Q1, 2025 results on Jun 03, 2025
Recent Insider Transactions • May 23Executive Director recently sold €380k worth of stockOn the 20th of May, Penelope Lazaridou sold around 20k shares on-market at roughly €19.00 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €300k more than they bought in the last 12 months.
Reported Earnings • May 02Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: €0.25 (down from €1.57 in FY 2023). Revenue: €3.25b (down 7.1% from FY 2023). Net income: €24.8m (down 83% from FY 2023). Profit margin: 0.8% (down from 4.2% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 4.2%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • May 02New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.8% Last year net profit margin: 4.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). High level of non-cash earnings (73% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (0.8% net profit margin).
お知らせ • Apr 25+ 1 more updateGek Terna S.A. to Report Fiscal Year 2024 Results on Apr 29, 2025Gek Terna S.A. announced that they will report fiscal year 2024 results on Apr 29, 2025
Price Target Changed • Apr 04Price target increased by 8.2% to €26.03Up from €24.07, the current price target is an average from 6 analysts. New target price is 42% above last closing price of €18.30. Stock is up 12% over the past year. The company is forecast to post earnings per share of €8.63 for next year compared to €1.57 last year.
Price Target Changed • Dec 11Price target increased by 9.1% to €23.72Up from €21.73, the current price target is an average from 5 analysts. New target price is 28% above last closing price of €18.58. Stock is up 43% over the past year. The company is forecast to post earnings per share of €8.63 for next year compared to €1.57 last year.
New Risk • Dec 11New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 50% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Earnings are forecast to decline by an average of 50% per year for the foreseeable future. Minor Risk Shareholders have been diluted in the past year (5.8% increase in shares outstanding).
お知らせ • Nov 29Abu Dhabi Future Energy Company PJSC - Masdar Completed the acquisition of 70% stake in TERNA ENERGY Industrial Commercial Technical Societe Anonyme (ATSE:TENERGY) from Gek Terna S.A. (ATSE:GEKTERNA) and others.Abu Dhabi Future Energy Company PJSC - Masdar signed a definitive agreement to acquire 67% stake in TERNA ENERGY Industrial Commercial Technical Societe Anonyme (ATSE:TENERGY) from Gek Terna S.A. (ATSE:GEKTERNA) and others for €1.6 billion on June 20, 2024. A cash consideration valued at €20 per share will be paid by Abu Dhabi Future Energy Company PJSC - Masdar. After completion of the transaction, Masdar will launch an all-cash mandatory tender offer to acquire all the remaining outstanding shares of the company with the intention of reaching 100%. The transaction is Subject to regulatory approvals and other conditions precedent. Additionally, Masdar announced plans to acquire a 50% stake in Terra-Gen, a North American renewable energy company, from Energy Capital Partners, which operates 2.4 GW of wind and solar and 5.1 GWh of energy storage across the US. Both acquisitions, expected to close by the end of 2024, will significantly contribute to Masdar’s goal of reaching 100 GW of global capacity by 2030. As of October 10, 2024, the transaction has received approval from European Commission. Rothschild Limited acted as financial advisor for Abu Dhabi Future Energy Company PJSC - Masdar. Simmons & Simmons, Nikos Papachristopoulos, Yannis Seiradakis and Athanasia Tsene and Counsel Eleni Stazilova, Marina Androulakakis, Maria Nefeli Bernitsa and Tania Patsalia, Counsel Maria Kloni of M. & P. Bernitsas Law Offices and Latham & Watkins LLP acted as legal advisors for Abu Dhabi Future Energy Company PJSC - Masdar. Panos Katsambas and Delphine Currie and Counsel Matt Bowen of Reed Smith LLP, Vassilis Stergiou and Aspasia Malliou of Potamitisvekris acted as legal advisors for Gek Terna S.A. Morgan Stanley acted as financial advisor for Gek Terna S.A. Morgan Stanley (NYSE:MS) acted as sole financial advisor to Terna Energy. Abu Dhabi Future Energy Company PJSC - Masdar Completed the acquisition of 70% stake in TERNA ENERGY Industrial Commercial Technical Societe Anonyme (ATSE:TENERGY) from Gek Terna S.A. (ATSE:GEKTERNA) and others on November 28, 2024.
お知らせ • Nov 25Gek Terna S.A. to Report Nine Months, 2024 Results on Nov 29, 2024Gek Terna S.A. announced that they will report nine months, 2024 results on Nov 29, 2024
Recent Insider Transactions • Nov 20Executive Vice Chairman recently bought €347k worth of stockOn the 15th of November, Michael Gourzis bought around 20k shares on-market at roughly €17.36 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Michael has been a buyer over the last 12 months, purchasing a net total of €1.0m worth in shares.
New Risk • Sep 29New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (3.0x net interest cover). Minor Risk Shareholders have been diluted in the past year (5.2% increase in shares outstanding).
お知らせ • Sep 21Gek Terna S.A. to Report First Half, 2024 Results on Sep 26, 2024Gek Terna S.A. announced that they will report first half, 2024 results on Sep 26, 2024
Upcoming Dividend • Aug 21Upcoming dividend of €0.25 per shareEligible shareholders must have bought the stock before 28 August 2024. Payment date: 03 September 2024. The company last paid an ordinary dividend in . The average dividend yield among industry peers is 3.8%.
Declared Dividend • Jul 29Dividend of €0.25 announcedShareholders will receive a dividend of €0.25. Ex-date: 28th August 2024 Payment date: 3rd September 2024 Dividend yield will be 1.4%, which is lower than the industry average of 2.9%.
Recent Insider Transactions • Jul 14Executive Vice Chairman recently bought €347k worth of stockOn the 10th of July, Michael Gourzis bought around 20k shares on-market at roughly €17.36 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Michael has been a buyer over the last 12 months, purchasing a net total of €3.4m worth in shares.
Recent Insider Transactions • Jul 02Executive Director recently sold €830k worth of stockOn the 26th of June, Emmanuel Moustakas sold around 50k shares on-market at roughly €16.60 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.2m more than they bought in the last 12 months.
お知らせ • Jun 21Abu Dhabi Future Energy Company PJSC - Masdar signed a definitive agreement to acquire 67% stake in TERNA ENERGY Industrial Commercial Technical Societe Anonyme (ATSE:TENERGY) from Gek Terna S.A. (ATSE:GEKTERNA) and others for £1.6 billion.Abu Dhabi Future Energy Company PJSC - Masdar signed a definitive agreement to acquire 67% stake in TERNA ENERGY Industrial Commercial Technical Societe Anonyme (ATSE:TENERGY) from Gek Terna S.A. (ATSE:GEKTERNA) and others for €1.6 billion on June 20, 2024. A cash consideration valued at €20 per share will be paid by Abu Dhabi Future Energy Company PJSC - Masdar. After completion of the transaction, Masdar will launch an all-cash mandatory tender offer to acquire all the remaining outstanding shares of the company with the intention of reaching 100%. The transaction is Subject to regulatory approvals and other conditions precedent. Rothschild Limited acted as financial advisor for Abu Dhabi Future Energy Company PJSC - Masdar. Simmons & Simmons, M. & P. Bernitsas Law Offices and Latham & Watkins LLP acted as legal advisors for Abu Dhabi Future Energy Company PJSC - Masdar. Reed Smith LLP, Potamitisvekris acted as legal advisors for Gek Terna S.A.. Morgan Stanley acted as financial advisor for Gek Terna S.A. Morgan Stanley (NYSE:MS) acted as sole financial advisor to Terna Energy.
Reported Earnings • Jun 04First quarter 2024 earnings released: EPS: €0.37 (vs €0.24 in 1Q 2023)First quarter 2024 results: EPS: €0.37. Revenue: €747.3m (down 8.8% from 1Q 2023). Net income: €31.3m (down 19% from 1Q 2023). Profit margin: 4.2% (down from 4.7% in 1Q 2023). The decrease in margin was driven by lower revenue.
Reported Earnings • Apr 30Full year 2023 earnings released: EPS: €1.42 (vs €1.42 in FY 2022)Full year 2023 results: EPS: €1.42. Revenue: €3.50b (down 11% from FY 2022). Net income: €147.8m (up 8.3% from FY 2022). Profit margin: 4.2% (up from 3.5% in FY 2022). The increase in margin was driven by lower expenses.
お知らせ • Apr 26Gek Terna S.A. to Report Fiscal Year 2023 Results on Apr 29, 2024Gek Terna S.A. announced that they will report fiscal year 2023 results at 5:20 PM, GTB Standard Time on Apr 29, 2024
Price Target Changed • Jan 23Price target increased by 8.3% to €17.85Up from €16.48, the current price target is an average from 2 analysts. New target price is 31% above last closing price of €13.60. Stock is up 16% over the past year. The company posted earnings per share of €1.42 last year.
Reported Earnings • Nov 24Third quarter 2023 earnings released: EPS: €0.31 (vs €0.50 in 3Q 2022)Third quarter 2023 results: EPS: €0.31 (down from €0.50 in 3Q 2022). Revenue: €925.0m (down 29% from 3Q 2022). Net income: €29.2m (down 38% from 3Q 2022). Profit margin: 3.2% (down from 3.6% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Sep 26Second quarter 2023 earnings released: EPS: €0.34 (vs €0.11 in 2Q 2022)Second quarter 2023 results: EPS: €0.34 (up from €0.11 in 2Q 2022). Revenue: €784.6m (up 7.4% from 2Q 2022). Net income: €31.4m (up 195% from 2Q 2022). Profit margin: 4.0% (up from 1.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Construction industry in Europe are expected to grow by 3.8%. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.
お知らせ • Sep 13GEK TERNA Holdings, Real Estate, Construction S.A. to Report First Half, 2023 Results on Sep 25, 2023GEK TERNA Holdings, Real Estate, Construction S.A. announced that they will report first half, 2023 results on Sep 25, 2023
Upcoming Dividend • Aug 16Inaugural dividend of €0.20 per shareEligible shareholders must have bought the stock before 23 August 2023. Payment date: 29 August 2023. The company last paid an ordinary dividend in . The average dividend yield among industry peers is 4.0%.
Reported Earnings • Jun 01First quarter 2023 earnings released: EPS: €0.40 (vs €0.11 in 1Q 2022)First quarter 2023 results: EPS: €0.40 (up from €0.11 in 1Q 2022). Revenue: €819.7m (up 12% from 1Q 2022). Net income: €38.8m (up 265% from 1Q 2022). Profit margin: 4.7% (up from 1.5% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 3.5% p.a. on average during the next 3 years, while revenues in the Construction industry in Europe are expected to grow by 2.7%. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.
お知らせ • May 12Hard Rock International Limited acquired 51% stake in IRC S.A. from GEK TERNA Holdings, Real Estate, Construction S.A. (ATSE:GEKTERNA).Hard Rock International Limited acquired 51% stake in IRC S.A. from GEK TERNA Holdings, Real Estate, Construction S.A. (ATSE:GEKTERNA) on May 11, 2023.Hard Rock International Limited completed the acquisition of 51% stake in IRC S.A. from GEK TERNA Holdings, Real Estate, Construction S.A. (ATSE:GEKTERNA) on May 11, 2023.
Reported Earnings • Apr 30Full year 2022 earnings released: EPS: €1.42 (vs €0.88 in FY 2021)Full year 2022 results: EPS: €1.42 (up from €0.88 in FY 2021). Revenue: €3.94b (up 244% from FY 2021). Net income: €136.5m (up 61% from FY 2021). Profit margin: 3.5% (down from 7.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 6.4% p.a. on average during the next 3 years, while revenues in the Construction industry in Europe are expected to grow by 2.4%. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Dec 06Third quarter 2022 earnings released: EPS: €0.50 (vs €0.13 in 3Q 2021)Third quarter 2022 results: EPS: €0.50 (up from €0.13 in 3Q 2021). Revenue: €1.30b (up 398% from 3Q 2021). Net income: €47.3m (up 246% from 3Q 2021). Profit margin: 3.6% (down from 5.2% in 3Q 2021). Revenue is expected to decline by 74% p.a. on average during the next 2 years, while revenues in the Construction industry in Europe are expected to grow by 3.1%. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Nov 16Price target increased to €13.77Up from €8.80, the current price target is an average from 3 analysts. New target price is 43% above last closing price of €9.62. Stock is down 6.6% over the past year. The company posted earnings per share of €0.88 last year.
Reported Earnings • Oct 02First half 2022 earnings released: EPS: €0.22 (vs €0.091 loss in 1H 2021)First half 2022 results: EPS: €0.22 (up from €0.091 loss in 1H 2021). Revenue: €1.46b (up 233% from 1H 2021). Net income: €21.3m (up €30.0m from 1H 2021). Profit margin: 1.5% (up from net loss in 1H 2021). Revenue is expected to decline by 49% p.a. on average during the next 2 years, while revenues in the Construction industry in Europe are expected to grow by 3.2%. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Aug 30Upcoming dividend of €0.12 per shareEligible shareholders must have bought the stock before 06 September 2022. Payment date: 13 September 2022. Trailing yield: 1.2%. Lower than top quartile of Greek dividend payers (5.1%). Lower than average of industry peers (4.1%).
Recent Insider Transactions Derivative • Jul 04CEO & Chairman exercised options to buy €2.2m worth of stock.On the 1st of July, Goergios Peristeris exercised options to buy 233k shares at a strike price of around €2.00, costing a total of €466k. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. Since September 2021, Goergios' direct individual holding has decreased from 32.89m shares to 31.26m. Company insiders have collectively sold €14m more than they bought, via options and on-market transactions in the last 12 months.
Reported Earnings • May 02Full year 2021 earnings released: EPS: €1.50 (vs €0.13 in FY 2020)Full year 2021 results: EPS: €1.50 (up from €0.13 in FY 2020). Revenue: €1.14b (up 18% from FY 2020). Net income: €144.0m (up €131.5m from FY 2020). Profit margin: 13% (up from 1.3% in FY 2020). Over the next year, revenue is forecast to grow 21%, compared to a 15% growth forecast for the industry in Greece. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Apr 27Price target increased to €13.77Up from €8.80, the current price target is provided by 1 analyst. New target price is 42% above last closing price of €9.70. Stock is down 2.4% over the past year. The company posted earnings per share of €0.13 last year.
Recent Insider Transactions • Feb 16CEO & Chairman recently sold €9.5m worth of stockOn the 15th of February, Goergios Peristeris sold around 1m shares on-market at roughly €9.27 per share. This was the largest sale by an insider in the last 3 months. Despite the recent sale, Goergios has been a buyer over the last 12 months, purchasing a net total of €5.7m worth of shares.
Recent Insider Transactions • Sep 28CEO & Chairman recently bought €358k worth of stockOn the 24th of September, Goergios Peristeris bought around 40k shares on-market at roughly €8.95 per share. This was the largest purchase by an insider in the last 3 months. Goergios has been a buyer over the last 12 months, purchasing a net total of €15m worth in shares.
Recent Insider Transactions • Jun 15CEO, MD & Chairman recently bought €1.9m worth of stockOn the 11th of June, Goergios Peristeris bought around 950k shares on-market at roughly €2.00 per share. In the last 3 months, they made an even bigger purchase worth €13m. Goergios has been a buyer over the last 12 months, purchasing a net total of €15m worth in shares.
Reported Earnings • May 04Full year 2020 earnings released: EPS €0.13 (vs €0.24 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €971.3m (down 16% from FY 2019). Net income: €12.5m (down 47% from FY 2019). Profit margin: 1.3% (down from 2.0% in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance.
Recent Insider Transactions • Apr 30CEO, MD & Chairman recently bought €13m worth of stockOn the 28th of April, Goergios Peristeris bought around 1m shares on-market at roughly €11.20 per share. This was the largest purchase by an insider in the last 3 months. Goergios has been a buyer over the last 12 months, purchasing a net total of €13m worth in shares.
Recent Insider Transactions • Feb 25CEO, MD & Chairman recently bought €355k worth of stockOn the 19th of February, Goergios Peristeris bought around 45k shares on-market at roughly €7.88 per share. This was the largest purchase by an insider in the last 3 months. Goergios has been a buyer over the last 12 months, purchasing a net total of €9.3m worth in shares.
Is New 90 Day High Low • Feb 11New 90-day high: €8.09The company is up 30% from its price of €6.21 on 13 November 2020. The Greek market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 14% over the same period.
Is New 90 Day High Low • Dec 28New 90-day high: €7.75The company is up 26% from its price of €6.15 on 29 September 2020. The Greek market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 24% over the same period.
Reported Earnings • Dec 16Third quarter 2020 earnings released: EPS €0.48The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: €253.5m (down 6.6% from 3Q 2019). Net income: €47.0m (up €41.6m from 3Q 2019). Profit margin: 19% (up from 2.0% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
Is New 90 Day High Low • Dec 04New 90-day high: €7.56The company is up 21% from its price of €6.24 on 04 September 2020. The Greek market is up 15% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Construction industry, which is up 28% over the same period.
Is New 90 Day High Low • Nov 18New 90-day high: €6.83The company is up 13% from its price of €6.06 on 20 August 2020. The Greek market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 11% over the same period.