EYDAPUtilities · Utilities - Regulated Water · ΧΑ
EYDAP
€11.82
−0.38(−3.11%)
Close 08/10/2026 · end-of-day price, not real-time
EYDAP (EYDAP) closed at €11.82 on 08/10/2026, -3.11% on the day. Market cap €1.3bn, P/E 23.63 (under review).
My view
Private · MENTOR takes it into account
+28.5%6M
08/10/2026Close 11.82−3.11%Vol 57.7k+28.5% since start
Valuation
Peers: 4| Metric | EYDAP | Peer median |
|---|---|---|
| P/Eunder review | 23.6 | 18.7 |
| P/E (forward) | 23.1 | 12.8 |
| P/B | 1.7 | 1.1 |
| P/S | 3.4 | 1.5 |
| EV/EBITDA | 11.8 | 13.1 |
| Dividend yield | 0.0% | 2.0% |
| Payout ratio | 72.7% | 29.9% |
| Gross margin | 34.2% | 37.0% |
| Operating margin | 10.1% | 10.4% |
| Net margin | 0.3% | 6.3% |
| ROE | 0.2% | 6.8% |
| Revenue growth (quarter, y/y) | 17.3% | 5.9% |
| Net debt | −€269.2m | €1.4bn |
Twelve Data · latest quarter 31/12/2023
Same sector: Utilities
Mkt capEV/EBITDAP/EDay
Public Power CorporationPPC€13.3bn8.717.9−0.5%MetlenMTLN€6.8bn17.519.5−2.0%ADMIE HoldingADMIE€1.5bn20.36.4−4.8%EYDAPEYDAP€1.3bn11.823.6−3.1%
Thessaloniki Water & SewageEYAPS€155.0m6.920.2−1.9%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%.
How it makes moneyFY2025 · basis: revenue
It is
Recent developmentsAll company events →
- 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
Key figures
Key facts
- 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
Sources
- 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
AI-drafted from the cited sources · 24/09/2026 · v2 · ✓ checked by an independent second modelAthens Water Supply & Sewerage S.A.Website ↗
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Data: Twelve Data · End-of-day prices · Nothing here is investment advice.