EYDAP
EYDAP (EYDAP) closed at €13.90 on 26/10/2026, +0.14% on the day. Market cap €1.5bn.
Announcements to the exchange
- 08/10/2026 09:45INVITATION TO EXTRAORDINARY GENERAL MEETING
Key statistics
12 months to Jun 2026 unless a figure says otherwise
Profile
At the 26 Oct close- Market value
- €1.5bn
- Enterprise valueJun 2026est.
- €1.2bn
- Shares outstandingJun 2026
- 106.5m
- Revenue12 months to Jun 2026
- €394.6m
- Employees
- 2,067
- Free floatest.
- 25.9%
- Traded a day, 3-month average
- €1.2m
Valuation
12 months to Jun 2026- P/Eunder review
- —
- P/B
- 1.8×
- EV/Salesest.
- 3.0×
- EV/EBITDAest.
- 18.7×
- P/FCF
- —
- Dividend yield
- 0.0%
not meaningful: profit near zero
5 years, on reported full years: 2.8–33.7×, median 6.8×. Today 37.5×, higher than 100% of months.
not meaningful here
Margins
12 months to Jun 2026- GrossFY2025
- 37.3%
- EBITDA
- 16.2%
- Operating (EBIT)
- 5.0%
- Pre-taxFY2025
- −1.7%
- Net
- 0.3%
- Free cash flow
- −12.2%
Net margin = the shareholders' profit ÷ group revenue.
Returns
12 months to Jun 2026- ROE
- 0.2%
- ROCE
- 2.4%
- ROICest.
- 1.5%
- ROAFY2025
- −1.4%
- ROE, 5-year averageFY2021–25
- 1.2%
- Tax rateFY2024
- 41.6%
Financial health
Jun 2026- CashDec 2025
- €276.4m
- Net debt
- −€280.4m
- Net debt ÷ EBITDA
- −4.4×
- Interest cover12 months to Jun 2026
- —
not meaningful here
Growth
- Revenue, last yearFY2025
- −2.4%
- Revenue, last halfH1 2026
- +17.3%
- EPS, last yearFY2025
- −242.9%
- EPS, last halfH1 2026
- —
- Revenue, 3 yearsFY2022–25, a year
- +2.0%
- Revenue, 5 yearsFY2020–25, a year
- +2.0%
- EPS, 3 yearsFY2022–25, a year
- —
- Shares, 3 yearsFY2022–25
- +0.0%
not meaningful: from a loss
not meaningful: crosses a loss
Dividends
FY2025- Yield, last 12 months
- 0.0%
- Per share
- €0.000
- Payout
- —
- Covered by free cash flow
- —
- Years paid, last fiveFY2021–25
- 4
nothing paid in 12 months
not meaningful here
Trading and risk
From our closes, dividends reinvested- Total return, 1 year
- +98.6%
- 3 years, a year
- +36.8%
- 5 years, a year
- +14.8%
- 10 years, a year
- +13.6%
- Volatility, 1 year
- 33.8%
- Beta to the General Index
- 0.04×
- Deepest fall, 1 year / 5 years
- −13.8% / −31.7%
- 52-week range
- €6.69–€13.96
Where the figures come from: the company's reports, reviewed by us · annual accounts filed in ESEF format · results announcements on the exchange · our own closing prices. No forecasts or target prices are stored.
Financial charts
From the stored figures: the reviewed dossier first, then the annual reports (ESEF) and results announcements
Loading the charts…
Valuation
vs EYAPS| Metric | EYDAP | EYAPS |
|---|---|---|
| P/B | 1.80 | 0.83 |
| P/S | 3.8 | 1.7 |
| EV/EBITDA | 18.7 | — |
| Dividend yield | 0.0% | 1.7% |
| Payout ratio | — | 35.1% |
| Gross margin | 37.3% | 27.8% |
| Operating margin | 5.0% | — |
| Net margin | 0.3% | — |
| ROE | 0.2% | — |
| Revenue growth (last full year) | −2.4% | 2.4% |
| Net debt | −€280.4m | −€44.4m |
Peers: Water utilities
Not compared: PPC (power utilities)
The company
AI-draftedEYDAP holds the exclusive right to supply water and sewerage services across the Attica basin until 2040. It bills about 2.1 million customer accounts at tariffs the regulator RAAEY approves in five-year periods, runs 14,300 km of water mains and 8,716 km of sewers, and operates the state-owned External Water Supply System under contract. The Greek State controls 61.33%.
- 24/09/2026H1 2026 brought €203.2m of revenue, €42.6m EBITDA and €17.1m net profit following the new tariffs.5
- Jul 2026Parliament voted to extend EYDAP's remit to Boeotia, Phocis and Euboea and, for the first time, to irrigation, absorbing 43 existing providers.4,3
- Apr 2026A €21.4m after-tax loss for 2025 on litigation provisions and the 2019 tax audit.1,2
- Mar 2026GEK TERNA raised its stake to 12.76% through Urban Services while Paulson & Co. cut its 9.99% holding to zero.1
- Jan 2026The new water and sewerage tariffs for the 2025-2029 regulatory period took effect.1
- Dec 2025RAAEY decision Y-86/2025 set allowed revenue for 2025-2029 on a 6.24% WACC and refused €323m of past claims.1
- The Greek State controls 61.33% and, under Council of State decisions 1906/2014 and 190/2022, must keep at least 50% plus one share.1
- GEK TERNA took 12.76% in March 2026 as Paulson & Co. exited its 9.99% holding.1
- The new RAAEY tariffs apply from 1 January 2026 and are expected to add an average €78.3m of revenue a year to 2029.1
- RAAEY refused €323m of past cost recovery, which the company is contesting.1
- A €2.5bn ten-year investment plan, backed by a €250m EIB financing framework.1
- 1.Annual Financial Report 2025 ESEF packageEYDAP S.A. · 29/04/2026official
- 2.Financial Results 2025 analyst presentationEYDAP S.A. · 30/04/2026official
- 3.Questions and answers on the water service providers billMinistry of Environment and Energyofficial
- 4.Parliament votes through the bill extending the powers of EYDAP and EYATHBusiness Daily · 31/07/2026
- 5.Semi-Annual Financial Report H1 2026 (Greek; board approved 23 September)EYDAP S.A. · 24/09/2026official