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Greek Organization of Football Prognostics

Market Cap

€4.2b

Last Updated

2021/05/10 16:23 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

High growth potential and fair value.


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: OPAP is not significantly more volatile than the rest of Greek stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: OPAP's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-2.0%

OPAP

-1.9%

GR Hospitality

-0.2%

GR Market


1 Year Return

59.1%

OPAP

48.6%

GR Hospitality

-11.7%

GR Market

Return vs Industry: OPAP exceeded the Greek Hospitality industry which returned 45.8% over the past year.

Return vs Market: OPAP exceeded the Greek Market which returned -12.2% over the past year.


Shareholder returns

OPAPIndustryMarket
7 Day-2.0%-1.9%-0.2%
30 Day3.7%3.1%-5.5%
90 Day20.0%17.5%-13.1%
1 Year64.6%59.1%52.9%48.6%-10.1%-11.7%
3 Year63.1%34.3%52.9%29.3%-53.2%-54.7%
5 Year199.1%85.6%158.7%75.2%58.8%38.2%

Long-Term 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

Valuation

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

12.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: OPAP (€12.49) is trading below our estimate of fair value (€14.28)

Significantly Below Fair Value: OPAP is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: OPAP is good value based on its PE Ratio (20.3x) compared to the XE Hospitality industry average (37.6x).

PE vs Market: OPAP is poor value based on its PE Ratio (20.3x) compared to the Greek market (20.1x).


Price to Earnings Growth Ratio

PEG Ratio: OPAP is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: OPAP is overvalued based on its PB Ratio (5.7x) compared to the GR Hospitality industry average (0.8x).


Future Growth

How is Greek Organization of Football Prognostics forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

23.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OPAP's forecast earnings growth (23.6% per year) is above the savings rate (3.9%).

Earnings vs Market: OPAP's earnings (23.6% per year) are forecast to grow slower than the Greek market (40.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: OPAP's revenue (37.8% per year) is forecast to grow faster than the Greek market (12.4% per year).

High Growth Revenue: OPAP's revenue (37.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OPAP's Return on Equity is forecast to be very high in 3 years time (72.5%).


Past Performance

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

-1.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OPAP has a large one-off gain of €91.2M impacting its December 31 2020 financial results.

Growing Profit Margin: OPAP's current net profit margins (48.8%) are higher than last year (32.5%).


Past Earnings Growth Analysis

Earnings Trend: OPAP's earnings have declined by 1.6% per year over the past 5 years.

Accelerating Growth: OPAP's earnings growth over the past year (1.6%) exceeds its 5-year average (-1.6% per year).

Earnings vs Industry: OPAP earnings growth over the past year (1.6%) exceeded the Hospitality industry -7.1%.


Return on Equity

High ROE: Whilst OPAP's Return on Equity (26.41%) is high, this metric is skewed due to their high level of debt.


Financial Health

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


Financial Position Analysis

Short Term Liabilities: OPAP's short term assets (€629.1M) exceed its short term liabilities (€366.1M).

Long Term Liabilities: OPAP's short term assets (€629.1M) do not cover its long term liabilities (€1.2B).


Debt to Equity History and Analysis

Debt Level: OPAP's debt to equity ratio (138.2%) is considered high.

Reducing Debt: OPAP's debt to equity ratio has increased from 10.7% to 138.2% over the past 5 years.

Debt Coverage: OPAP's debt is not well covered by operating cash flow (17.9%).

Interest Coverage: OPAP's interest payments on its debt are well covered by EBIT (3.8x coverage).


Balance Sheet


Dividend

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

3.60%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: OPAP's dividend (3.6%) is higher than the bottom 25% of dividend payers in the Greek market (1.66%).

High Dividend: OPAP's dividend (3.6%) is low compared to the top 25% of dividend payers in the Greek market (3.94%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (73.3%), OPAP's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: OPAP's dividends in 3 years are not forecast to be well covered by earnings (121.9% payout ratio).


Next Steps

Management

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

1.4yrs

Average management tenure


CEO

Jan Karas

0.92

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. Mr. Karas joined OPAP in 2014...


Leadership Team

Experienced Management: OPAP's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: OPAP's board of directors are considered experienced (3.1 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 2%.


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: OPAP
  • Exchange: ATSE
  • Founded: 1958
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: €4.204b
  • Shares outstanding: 339.60m
  • Website: https://www.opap.gr

Number of Employees


Location

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

Listings


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 & Pa...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/10 16:23
End of Day Share Price2021/05/10 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.