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Greek Organization of Football Prognostics

Executive Summary

Greek Organization of Football Prognostics S.A., together with its subsidiaries, operates and manages numerical lottery and sports betting games.


Snowflake Analysis

Acceptable track record with moderate growth potential.


Similar Companies

Share Price & News

How has Greek Organization of Football Prognostics's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GF8 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.6%

GF8

-2.4%

DE Hospitality

-0.6%

DE Market


1 Year Return

-11.5%

GF8

-35.6%

DE Hospitality

3.0%

DE Market

Return vs Industry: GF8 exceeded the German Hospitality industry which returned -34.9% over the past year.

Return vs Market: GF8 underperformed the German Market which returned 2.5% over the past year.


Shareholder returns

GF8IndustryMarket
7 Day2.6%-2.4%-0.6%
30 Day-5.3%-18.4%-0.1%
90 Day20.8%2.7%16.4%
1 Year-3.5%-11.5%-32.8%-35.6%5.2%3.0%
3 Year12.7%-14.6%-50.4%-57.2%1.0%-6.9%
5 Year76.4%6.4%-50.4%-60.9%8.0%-6.4%

Price Volatility Vs. Market

How volatile is Greek Organization of Football Prognostics's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Greek Organization of Football Prognostics undervalued compared to its fair value and its price relative to the market?

15.25x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GF8 (€8.55) is trading above our estimate of fair value (€5.9)

Significantly Below Fair Value: GF8 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GF8 is good value based on its PE Ratio (15.3x) compared to the Hospitality industry average (20.5x).

PE vs Market: GF8 is good value based on its PE Ratio (15.3x) compared to the German market (20.7x).


Price to Earnings Growth Ratio

PEG Ratio: GF8 is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: GF8 is overvalued based on its PB Ratio (4.7x) compared to the DE Hospitality industry average (2x).


Next Steps

Future Growth

How is Greek Organization of Football Prognostics forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

10.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GF8's forecast earnings growth (10.7% per year) is above the savings rate (0.2%).

Earnings vs Market: GF8's earnings (10.7% per year) are forecast to grow slower than the German market (22.5% per year).

High Growth Earnings: GF8's earnings are forecast to grow, but not significantly.

Revenue vs Market: GF8's revenue (19% per year) is forecast to grow faster than the German market (5.9% per year).

High Growth Revenue: GF8's revenue (19% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GF8's Return on Equity is forecast to be very high in 3 years time (41.3%).


Next Steps

Past Performance

How has Greek Organization of Football Prognostics performed over the past 5 years?

-6.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GF8 has high quality earnings.

Growing Profit Margin: GF8's current net profit margins (30.6%) are lower than last year (32.2%).


Past Earnings Growth Analysis

Earnings Trend: GF8's earnings have declined by -6.2% per year over the past 5 years.

Accelerating Growth: GF8's earnings growth over the past year (12.4%) exceeds its 5-year average (-6.2% per year).

Earnings vs Industry: GF8 earnings growth over the past year (12.4%) exceeded the Hospitality industry -15.6%.


Return on Equity

High ROE: Whilst GF8's Return on Equity (28.31%) is high, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Greek Organization of Football Prognostics's financial position?


Financial Position Analysis

Short Term Liabilities: GF8's short term assets (€599.8M) exceed its short term liabilities (€365.0M).

Long Term Liabilities: GF8's short term assets (€599.8M) do not cover its long term liabilities (€943.5M).


Debt to Equity History and Analysis

Debt Level: GF8's debt to equity ratio (155%) is considered high.

Reducing Debt: GF8's debt to equity ratio has increased from 0.1% to 155% over the past 5 years.

Debt Coverage: GF8's debt is well covered by operating cash flow (26.3%).

Interest Coverage: GF8's interest payments on its debt are well covered by EBIT (10x coverage).


Balance Sheet


Next Steps

Dividend

What is Greek Organization of Football Prognostics's current dividend yield, its reliability and sustainability?

3.47%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: GF8's dividend (3.47%) is higher than the bottom 25% of dividend payers in the German market (1.25%).

High Dividend: GF8's dividend (3.47%) is low compared to the top 25% of dividend payers in the German market (3.84%).


Stability and Growth of Payments

Stable Dividend: GF8's dividend payments have been volatile in the past 10 years.

Growing Dividend: GF8's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (53%), GF8's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GF8's dividends in 3 years are not forecast to be well covered by earnings (157.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

Jan Karas

0.083

Tenure

Mr. Jan Karas serves as Acting Chief Executive Officer at Greek Organization of Football Prognostics S.A. since June 1, 2020 and also serves as its Chief Commercial Officer. 


Leadership Team

NamePositionTenureCompensationOwnership
Kamil Ziegler
Executive Chairmanno datano datano data
Jan Karas
Acting CEO & Chief Commercial Officer0.083yrno datano data
Pavel Mucha
CFO & Executive Director0.75yrno datano data
Petros Xarchakos
Operational Directorno datano datano data
Konstantinos Tsilivis
Chief Accounting Officerno datano datano data
Radim Haluza
Chief Technology Officer4.25yrsno datano data
Evagelos Maganas
General Director of Administrative Servicesno datano datano data
Nikos Polymenakos
Head of Investor Relations Divisionno datano datano data
Petr Matejovsky
General Director of Marketingno datano datano data
Rene Langen
Chief Project & Business Development Officer4.33yrsno datano data

2.5yrs

Average Tenure

46yo

Average Age

Experienced Management: GF8's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kamil Ziegler
Executive Chairmanno datano datano data
Pavel Mucha
CFO & Executive Director0.75yrno datano data
Pavel Saroch
B’ Non-Executive Vice-Chairman0.67yrno datano data
Spyridonas Fokas
A' Non-Executive Vice Chairmanno datano datano data
Dimitrakis Potamitis
Independent Non-Executive Directorno datano datano data
Christos Kopelouzos
Non-Executive Director6.67yrsno datano data
Igor Rusek
Independent Non-Executive Director6.67yrsno datano data
Rudolf Jurcik
Independent Non Executive Director6.67yrsno datano data
Robert Chvátal
Non-Executive Director3.33yrsno datano data
Stylianos Kostopoulos
Non-Executive Director2.25yrsno datano data

3.3yrs

Average Tenure

55yo

Average Age

Experienced Board: GF8's board of directors are considered experienced (3.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5%.


Top Shareholders

Company Information

Greek Organization of Football Prognostics S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Greek Organization of Football Prognostics S.A.
  • Ticker: GF8
  • Exchange: DB
  • Founded: 1958
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: €2.876b
  • Shares outstanding: 332.88m
  • Website: https://www.opap.gr

Number of Employees


Location

  • Greek Organization of Football Prognostics S.A.
  • 112 Athinon Avenue
  • Athens
  • 104 42
  • Greece

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OPAPATSE (The Athens Stock Exchange)YesOrdinary SharesGREURApr 2001
GF8DB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 2001
0FI1LSE (London Stock Exchange)YesOrdinary SharesGBEURApr 2001
GRKZ.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDApr 2001
GOFP.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDJan 2009

Biography

Greek Organization of Football Prognostics S.A., together with its subsidiaries, operates and manages numerical lottery and sports betting games. It operates through Lotteries, Sports Betting, Instant & Passives, VLTs, Telecommunication & eMoney Services, and Other segments. The company holds rights to conduct, manage, organize, and operate six numerical lottery games comprising JOKER, LOTTO, PROTO, EXTRA 5, SUPER 3, and KINO; three sports and other betting games, such as PROPO, PROPOGOAL, and STIHIMA; two lottery games, including BINGO and SUPER 4; and Prognostika Agonon Basket and Prognostika Agonon Omadikon Athlimaton. It also holds license for the instalment and operation of 35,000 video lottery terminals; and license to produce, operate, circulate, and manage the state lotteries and Instant Scratch games, such as National Ticket, the Popular Ticket, the European Ticket, the Instant State Ticket or Scratch Ticket, the State Housing Ticket, and the New Year’s Eve Ticket in Greece. In addition, the company provides transaction services through electronic means; and intangible talk time selling, utility and bill payments, and electronic money services. Further, it engages in the design, production, adaptation, and maintenance of integrated information systems. Additionally, the company organizes and conducts terrestrial, and online mutual betting on horse races. The company offers its products and services through online and land-based sales’ network, including agents, street vendors, mini-markets, wholesalers, and 12,413 points of sales in Greece; and 201 shops in Cyprus. Greek Organisation of Football Prognostics S.A. was founded in 1958 and is based in Athens, Greece. As of October 29, 2019, Greek Organization of Football Prognostics S.A. operates as a subsidiary of SAZKA Group a.s. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/09 21:36
End of Day Share Price2020/07/09 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.