LAMDA Development S.A.

ATSE:LAMDA Stock Report

Market Cap: €1.1b

LAMDA Development Past Earnings Performance

Past criteria checks 4/6

LAMDA Development has been growing earnings at an average annual rate of 5.4%, while the Real Estate industry saw earnings declining at 3.9% annually. Revenues have been growing at an average rate of 44.1% per year. LAMDA Development's return on equity is 6.6%, and it has net margins of 13.9%.

Key information

5.37%

Earnings growth rate

6.03%

EPS growth rate

Real Estate Industry Growth10.72%
Revenue growth rate44.13%
Return on equity6.57%
Net Margin13.92%
Last Earnings Update31 Mar 2026

Recent past performance updates

Analysis Article Dec 25

LAMDA Development's (ATH:LAMDA) Solid Profits Have Weak Fundamentals

LAMDA Development S.A.'s ( ATH:LAMDA ) robust earnings report didn't manage to move the market for its stock. We did...

Recent updates

Narrative Update Jun 23

LAMDA: Prospective Seven Year Bond Issue Will Support Re Rating

Analysts have modestly adjusted their price target for LAMDA Development, reflecting updated assumptions around the discount rate, revenue growth, profit margin and future P/E, while keeping fair value per share at €8.60. What's in the News LAMDA Development has scheduled a Board Meeting for May 22, 2026, to consider issuing a common bond loan of up to €350 million, with a minimum size of €330 million and a seven year duration, under Law 4548/2018.
Narrative Update Jun 06

LAMDA: Bond Issue And Revised Earnings Profile Will Support Re Rating

Analysts have adjusted their price target on LAMDA Development to €8.60, citing updated assumptions for the discount rate, revenue growth, profit margins and future P/E that together reshape how the stock’s risk and earnings profile are being viewed. What's in the News A board meeting is scheduled for May 22, 2026, with a key agenda item to consider and resolve on issuing a common bond loan for LAMDA Development.
Narrative Update May 23

LAMDA: Bond Plan And Higher P/E Will Support Future Upside

Analysts have adjusted their price target for LAMDA Development from €11.04 to €10.04, citing updated assumptions around the discount rate, revenue growth, profit margins and future P/E multiples. What's in the News A board meeting is scheduled for May 22, 2026, to consider issuing a common bond loan of up to €350 million, with a minimum size of €330 million and a seven-year duration, under Law 4548/2018 (company announcement).
Narrative Update May 09

LAMDA: Higher Margin Outlook May Support Re Rating Over Time

Analysts have trimmed their price target for LAMDA Development by €0.40 to reflect a higher discount rate, more moderate revenue growth assumptions, and a higher future P/E multiple, alongside materially stronger projected profit margins. Valuation Changes Fair Value: trimmed from €9.0 to €8.6, reflecting a small downward adjustment in the target valuation.
Analysis Article Apr 17

Do LAMDA Development's (ATH:LAMDA) Earnings Warrant Your Attention?

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article Dec 25

LAMDA Development's (ATH:LAMDA) Solid Profits Have Weak Fundamentals

LAMDA Development S.A.'s ( ATH:LAMDA ) robust earnings report didn't manage to move the market for its stock. We did...
Analysis Article Oct 11

Is LAMDA Development (ATH:LAMDA) Using Too Much Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Narrative Update Sep 12

Ellinikon, Mall And Marina Projects Will Create Future Opportunities

Despite a sharp increase in the future P/E multiple and a major downgrade in revenue growth forecasts, the consensus analyst price target for LAMDA Development has edged up slightly from €10.80 to €11.04. What's in the News LAMDA Development commenced a new share buyback program, authorized to repurchase up to 10% of issued share capital, with buyback prices set between €0.3 and €14 per share, valid for 24 months.
Analysis Article Jul 01

Here's Why LAMDA Development (ATH:LAMDA) Has A Meaningful Debt Burden

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
User avatar
New Narrative Feb 10

Ellinikon And Corfu Projects Will Strengthen Future Prospects

Shift from high-street to malls is driving tenant sales and rental growth, indicating potential revenue and net margin improvements.
Analysis Article Jan 28

Shareholders Should Be Pleased With LAMDA Development S.A.'s (ATH:LAMDA) Price

When close to half the companies in Greece have price-to-earnings ratios (or "P/E's") below 12x, you may consider LAMDA...
Analysis Article Nov 20

LAMDA Development's (ATH:LAMDA) Profits Appear To Have Quality Issues

The recent earnings posted by LAMDA Development S.A. ( ATH:LAMDA ) were solid, but the stock didn't move as much as we...
Analysis Article Oct 23

Market Still Lacking Some Conviction On LAMDA Development S.A. (ATH:LAMDA)

When you see that almost half of the companies in the Real Estate industry in Greece have price-to-sales ratios (or...
Analysis Article Aug 02

Is LAMDA Development (ATH:LAMDA) Using Too Much Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Jul 05

Is It Time To Consider Buying LAMDA Development S.A. (ATH:LAMDA)?

While LAMDA Development S.A. ( ATH:LAMDA ) might not have the largest market cap around , it saw a double-digit share...
Analysis Article May 23

Cautious Investors Not Rewarding LAMDA Development S.A.'s (ATH:LAMDA) Performance Completely

You may think that with a price-to-sales (or "P/S") ratio of 2.6x LAMDA Development S.A. ( ATH:LAMDA ) is definitely a...
Analysis Article Apr 27

Investors Shouldn't Be Too Comfortable With LAMDA Development's (ATH:LAMDA) Earnings

LAMDA Development S.A. ( ATH:LAMDA ) just reported some strong earnings, and the market reacted accordingly with a...
Analysis Article Feb 09

Is LAMDA Development (ATH:LAMDA) Weighed On By Its Debt Load?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Nov 03

Is Lamda Development (ATH:LAMDA) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Analysis Article Aug 03

Does Lamda Development (ATH:LAMDA) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article Jan 27

Is Lamda Development (ATH:LAMDA) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Jul 27

What Does Lamda Development S.A.'s (ATH:LAMDA) Share Price Indicate?

Lamda Development S.A. ( ATH:LAMDA ), is not the largest company out there, but it saw a double-digit share price rise...

Revenue & Expenses Breakdown

How LAMDA Development makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

ATSE:LAMDA Revenue, expenses and earnings (EUR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2660284660
31 Dec 2556591660
30 Sep 25731177670
30 Jun 25728193660
31 Mar 2562835700
31 Dec 2466546700
30 Sep 2462119890
30 Jun 24561-10880
31 Mar 2454449720
31 Dec 2345027650
30 Sep 2326418290
30 Jun 232259300
31 Mar 23165-45300
31 Dec 22142-31300
30 Sep 22108-74260
30 Jun 22102-56250
31 Mar 2290190240
31 Dec 2179191220
30 Sep 2167177190
30 Jun 2163179180
31 Mar 2157-60170
31 Dec 2070-52150
30 Sep 20820200
30 Jun 20827190
31 Mar 209148180
31 Dec 198450170
30 Sep 197946140
30 Jun 197954130
31 Mar 197843130
31 Dec 187842120
30 Sep 181030110
30 Jun 18101-12110
31 Mar 1897-48120
31 Dec 1790-48120
30 Sep 1758-25120
30 Jun 1752-16120
31 Mar 1750-3120
31 Dec 1649-3120
30 Sep 1646-3110
30 Jun 1642-6110
31 Mar 1637-22100
31 Dec 1536-22100
30 Sep 1534-38110

Quality Earnings: LAMDA has a large one-off gain of €125.5M impacting its last 12 months of financial results to 31st March, 2026.

Growing Profit Margin: LAMDA's current net profit margins (13.9%) are higher than last year (5.5%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: LAMDA has become profitable over the past 5 years, growing earnings by 5.4% per year.

Accelerating Growth: LAMDA's earnings growth over the past year (141.8%) exceeds its 5-year average (5.4% per year).

Earnings vs Industry: LAMDA earnings growth over the past year (141.8%) exceeded the Real Estate industry 23.1%.


Return on Equity

High ROE: LAMDA's Return on Equity (6.6%) is considered low.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/10 21:54
End of Day Share Price 2026/07/10 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

LAMDA Development S.A. is covered by 9 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Constantinos ZouzoulasAxia Ventures Group Ltd
Martyn KingEdison Investment Research
Andrew MurphyEdison Investment Research