Added to YB: 2025-02-28
Pitch date: 2025-02-26
OPAP.AT [bullish]
Organization of Football Prognostics S.A.
+17.23%
current return
Author Info
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Company Info
Organization of Football Prognostics S.A., together with its subsidiaries, engages in the operation and management of numerical lottery and sports betting games in Greece and Cyprus.
Market Cap
EUR 6.0B
Pitch Price
EUR 15.78
Price Target
N/A
Dividend
8.80%
EV/EBITDA
7.85
P/E
13.36
EV/Sales
4.02
Sector
Hotels, Restaurants and Leisure
Category
dividend
OPAP: A License to Print Money
OPAP.AT: Ex-state monopoly gambling co. w/ 35% EBITDA margin, 8% div yield. Strong retail network (3500 stores) funds digital growth (28% YoY). Bull: protected cash flows, cultural embedding. Bear: addiction concerns, regulatory risks. Valuation gap: 13.1x P/E vs peers 57x. Key Q: Can OPAP transition to competitive digital while maintaining moat?
Read full article (16 min)