xrimatistirio.com
ELEN
← Back to dashboard
Gek Terna logo
GEKTERNAIndustrials · Engineering & Construction · ΧΑ

Gek Terna

€40.48
−1.52(−3.62%)
Close 08/10/2026 · end-of-day price, not real-time

Gek Terna (GEKTERNA) closed at €40.48 on 08/10/2026, -3.62% on the day. Market cap €4.8bn, P/E 26.29, dividend yield 1.01%.

My view
Private · MENTOR takes it into account
+12.8%6M
08/10/2026Close 40.48−3.62%+12.8% since start

Valuation

Peers: 4
MetricGEKTERNAPeer median
P/E26.349.0
P/E (forward)23.4—
P/B2.12.6
P/S1.11.4
EV/EBITDA17.916.1
Dividend yield1.0%0.9%
Payout ratio26.6%7.9%
Operating margin9.7%7.7%
Net margin3.9%3.7%
ROE7.6%13.8%
Revenue growth (quarter, y/y)14.6%6.4%
Net debt€4.4bn€155.3m
Twelve Data · latest quarter 31/03/2026

Same industry: Engineering & Construction

EV/EBITDADay
Gek TernaGEKTERNA17.9−3.6%
AKTOR GroupAKTR21.3−2.6%AvaxAVAX11.0−3.6%EkterEKTER8.4−2.1%Domiki KritisDOMIK25.9−0.8%

The company

AI-drafted

Athens-based infrastructure group. It operates 2,054 km of Greek motorway concessions (Attiki Odos, Egnatia, Nea Odos, Kentriki Odos), builds projects through TERNA, and generates and supplies electricity and natural gas through HERON. Greece provides 92% of revenue.

How it makes moneyH1 2026 · basis: revenue
  • Constructions942.1%
  • Electricity and gas trading940.8%
  • Concessions916.2%
  • Mining and industry90.4%
  • Real estate90.3%
  • Holdings90.2%
It is
  • A concessions group with a construction arm: concessions were 14% of FY2025 revenue but 57.5% of adjusted EBITDA.1,2
  • Greece's largest toll-road operator, with 2,054 km of motorway concessions and investment-grade ratings from Moody's and S&P since May 2026.3
It is not
  • No longer a renewables company: it sold its 36.59% of TERNA ENERGY to Masdar and the RES segment reports zero revenue for 2025.6,1
  • Neither state-owned nor a plain third-party contractor: €4.2bn of the €6.6bn signed backlog is the group's own investment projects.1
Recent developmentsAll company events →
  • Sep 2026H1 2026 revenue reached €2.10bn and adjusted EBITDA €356.3m.9,11
  • Sep 2026Selected temporary contractor for two Northern Greece road PPPs worth about €560m.7
  • Jul 2026€659.3m share capital increase by private placement, 32% above the initial target.5
  • Jun 2026Binding strategic framework agreement with Rheinmetall Landsysteme for land defence systems.8
  • May 2026Inaugural investment-grade ratings: Moody's Baa3 and S&P BBB-, both stable.3
  • Mar 2026Acquired 12.76% of the Athens water utility EYDAP for €135m.1
Key figures
  • Construction backlog €9.0bn H1 20269,10
  • Motorway concession network 2,054 km FY20253
  • Attiki Odos average daily traffic 286,278 FY20251
  • Retail electricity supply share 10% H1 20269
  • Group leverage ratio 0.60x FY20253
Key facts
  • Chairman and CEO Georgios Peristeris holds 28.06% of the shares; the free float is 70.91%.4
  • June 2026 adjusted group net debt was €4.48bn, versus €687.5m at the parent; the July equity raise is excluded.9
  • One electricity-segment customer was 9.5% of turnover in 2025, against 11.1% in 2024.1
  • The group employed 6,755 people at 30 June 2026, versus 6,149 at year-end 2025.1,9
  • The investment programme totals €11bn and, management says, is fully funded.5
Sources
  1. 1.Annual Financial Report 2025GEK TERNA S.A. · 07/04/2026official
  2. 2.Financial Results FY 2025GEK TERNA S.A. · 07/04/2026official
  3. 3.Corporate Presentation May 2026GEK TERNA S.A. · 05/2026official
  4. 4.The Share and shareholder structureGEK TERNA S.A. · 10/09/2026official
  5. 5.GEK TERNA's €659.3 million capital raiseGEK TERNA S.A. · 01/07/2026official
  6. 6.Annual Financial Report 2024GEK TERNA S.A. · 28/04/2025official
  7. 7.Temporary contractor in two PPP projectsGEK TERNA S.A. · 07/09/2026official
  8. 8.Partnership agreement with RheinmetallGEK TERNA S.A. · 24/06/2026official
  9. 9.Interim Financial Report H1 2026GEK TERNA S.A. · 15/09/2026official
  10. 10.H1 2026 results presentationGEK TERNA S.A. · 15/09/2026official
  11. 11.H1 2026 results releaseGEK TERNA S.A. · 15/09/2026official
AI-drafted from the cited sources · 30/09/2026 · v2 · ✓ checked by an independent second modelGek Terna S.A.Website ↗
MENTORFree beta
Why it moved
-3.62% · volume 1.0×
News & events
News and what's next
Peers
4 listed peers
Results
How it did vs last year
Valuation
Cheap or expensive?
More
Asks“Why did Gek Terna fall 3.62%?”
Data: Twelve Data · End-of-day prices · Nothing here is investment advice.