View ValuationGek Terna 향후 성장Future 기준 점검 2/6Gek Terna 의 수익은 연간 7.3% 감소할 것으로 예상되는 반면, 연간 수익은 19.9% 로 증가할 것으로 예상됩니다. EPS는 연간 19.8% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 12.6% 로 예상됩니다.핵심 정보19.9%이익 성장률19.79%EPS 성장률Construction 이익 성장10.9%매출 성장률-7.3%향후 자기자본이익률12.60%애널리스트 커버리지Good마지막 업데이트25 May 2026최근 향후 성장 업데이트Price 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.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.모든 업데이트 보기Recent updatesPrice 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.분석 기사 • 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).공시 • 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.분석 기사 • 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.분석 기사 • 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.공시 • 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, 2025공시 • 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, 2025분석 기사 • 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...분석 기사 • 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%).공시 • 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.공시 • 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).공시 • 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).공시 • 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.공시 • 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).공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.Is New 90 Day High Low • Nov 01New 90-day low: €5.79The company is down 1.0% from its price of €5.87 on 03 August 2020. The Greek market is down 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Construction industry, which is up 8.0% over the same period.Reported Earnings • Oct 01First half earnings releasedOver the last 12 months the company has reported total losses of €2.48m, with earnings decreasing by €26.3m from the prior year. Total revenue was €1.06b over the last 12 months, down 18% from the prior year.이익 및 매출 성장 예측ATSE:GEKTERNA - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20282,716256301536512/31/20272,681174234450512/31/20262,553151303446212/31/20253,855139-779557N/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/A12/31/20191,1562346238N/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/A더 보기애널리스트 향후 성장 전망수입 대 저축률: GEKTERNA 의 연간 예상 수익 증가율(19.9%)이 saving rate(3.2%)보다 높습니다.수익 vs 시장: GEKTERNA 의 연간 수익(19.9%)이 Greek 시장(11.8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: GEKTERNA 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: GEKTERNA 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -7.3%).고성장 매출: GEKTERNA 의 수익은 향후 3년 동안 감소할 것으로 예상됩니다(연간 -7.3%).주당순이익 성장 예측향후 자기자본이익률미래 ROE: GEKTERNA의 자본 수익률은 3년 후 12.6%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YCapital-goods 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/25 00:21종가2026/05/25 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Gek Terna S.A.는 12명의 분석가가 다루고 있습니다. 이 중 6명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Constantinos ZouzoulasAxia Ventures Group LtdJosé ArroyasBanco SantanderDimitris GiannoulisDeutsche Bank9명의 분석가 더 보기
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.
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.
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.
분석 기사 • 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).
공시 • 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.
분석 기사 • 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.
분석 기사 • 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.
공시 • 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
공시 • 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
분석 기사 • 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...
분석 기사 • 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%).
공시 • 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.
공시 • 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).
공시 • 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).
공시 • 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.
공시 • 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).
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
Is New 90 Day High Low • Nov 01New 90-day low: €5.79The company is down 1.0% from its price of €5.87 on 03 August 2020. The Greek market is down 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Construction industry, which is up 8.0% over the same period.
Reported Earnings • Oct 01First half earnings releasedOver the last 12 months the company has reported total losses of €2.48m, with earnings decreasing by €26.3m from the prior year. Total revenue was €1.06b over the last 12 months, down 18% from the prior year.