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HTOCommunication Services · Telecom Services · ΧΑ

OTE

€19.27
−0.10(−0.52%)
Close 26/10/2026 · end-of-day price, not real-time

OTE (HTO) closed at €19.27 on 26/10/2026, -0.52% on the day. Market cap €7.6bn, P/E 10.5, dividend yield 5.21%.

Announcements to the exchange

My view
Private · MENTOR takes it into account
+5.4%6M
Drag sideways across the chart to pick a period, or click an event's dot below it, then ask MENTOR about it.
26/10/2026Close 19.27−0.52%+5.4% since start

Key statistics

12 months to Jun 2026 unless a figure says otherwise

Profile

At the 26 Oct close
Market value
€7.6bn
Enterprise valueJun 2026est.
€8bn
Shares outstandingJun 2026
392.9m
Revenue12 months to Jun 2026
€3.5bn
Employees
8,579
Free float
35.6%
Traded a day, 3-month average
€9.7m

Valuation

12 months to Jun 2026
P/E
10.5×
P/B
3.8×
EV/Salesest.
2.3×
EV/EBITDAest.
5.7×

5 years, on reported full years: 4.6–7.2×, median 5.4×. Today 5.9×, higher than 72% of months.

P/FCF
14.3×
Dividend yield
5.2%

Margins

12 months to Jun 2026
GrossFY2025
—

its accounts show no gross profit

EBITDA
39.7%
Operating (EBIT)
23.8%
Pre-taxFY2025
23.2%
Net
20.8%
Free cash flow
15.1%

Net margin = the shareholders' profit ÷ group revenue.

Returns

12 months to Jun 2026
ROE
36.8%
ROCE
34.9%
ROICest.
31.6%
ROAFY2025
9.9%
ROE, 5-year averageFY2021–25
28.0%
Tax rateFY2025
9.6%

Financial health

Jun 2026
CashDec 2025
€520.9m
Net debt
€405.3m
Net debt ÷ EBITDA
0.29×
Debt ÷ equityDec 2025
50.3%

leases included

Interest cover12 months to Jun 2026
36.5×

Growth

Revenue, last yearFY2025
+3.9%
Revenue, last halfH1 2026
+2.5%
EPS, last yearFY2025
+20.7%
EPS, last halfH1 2026
+3.2%
Revenue, 3 yearsFY2022–25, a year
+0.1%
Revenue, 5 yearsFY2020–25, a year
+1.2%
EPS, 3 yearsFY2022–25, a year
+26.8%
Shares, 3 yearsFY2022–25
−7.6%

Dividends

FY2025
Yield, last 12 months
5.2%
Per share
€0.742
Payout
41.0%
Covered by free cash flow
2.0×
Years paid, last fiveFY2021–25
5

Trading and risk

From our closes, dividends reinvested
Total return, 1 year
+27.1%
3 years, a year
+20.1%
5 years, a year
+9.7%
10 years, a year
+13.5%
Volatility, 1 year
21.4%
Beta to the General Index
0.33×
Deepest fall, 1 year / 5 years
−10.1% / −28.5%
52-week range
€15.77–€20.40
est.worked out by us

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

no like-for-like peer
MetricHTO
P/E10.5
P/B3.8
P/S2.2
EV/EBITDA5.7
Dividend yield5.2%
Payout ratio41.0%
Operating margin23.8%
Net margin20.8%
ROE36.8%
Revenue growth (last full year)3.9%
Net debt€405.3m
Twelve Data · latest quarter 30/06/2026

Peers: Telecoms

No other company listed in Athens runs this business.

EV/EBITDADay
OTEHTO5.7−0.5%

Not compared: AEM (media)

The company

AI-drafted

OTE is Greece's largest telecoms provider. It sells fixed and mobile telephony, FTTH and fixed-wireless broadband, pay-TV and IT services to consumers, businesses and the Greek state, and rents wholesale access to its network to rival operators. Deutsche Telekom controls it, and since September 2026 it trades under the Telekom brand.

How it makes moneyFY2025 · basis: revenue
  • Fixed business2(retail, wholesale and other fixed revenue)59.2%
  • Mobile business2(service revenue and handset sales)37.1%
  • Miscellaneous other23.6%
It is
  • A vertically integrated telecoms group with Greece's largest fibre and 5G networks, which also rents wholesale access to its rivals: 48% of other operators' FTTH subscribers run over OTE's network.1
  • A subsidiary of Deutsche Telekom, which held 54.62% at 31 December 2025 and fully consolidates OTE.8
  • A cash-return story: a policy of paying out 70%-100% of the prior year's free cash flow, €532m for 2026.2
It is not
  • Not state-controlled: HRADF sold its last 5% to Deutsche Telekom in 2018 and the Hellenic State now holds 1.20%.4,3
  • No longer operates a Romanian mobile network: Telekom Romania Mobile was sold on 1 October 2025, while smaller service revenue remains outside Greece.2,8
  • No longer branded COSMOTE: the brand became COSMOTE TELEKOM in April 2025 and plain Telekom in September 2026, while the listed company remains OTE S.A.5,6
Recent developmentsAll company events →
  • Sep 2026On 22 September OTE issued a €350m bond due September 2029 at a 3.853% yield, wholly subscribed by Deutsche Telekom, to partly refinance a €500m bond due 24 September.9
  • Sep 2026Bought 523,621 own shares on 21–25 September, taking its treasury total to 4,320,558, or 1.096%.10
  • Sep 2026The COSMOTE TELEKOM brand becomes plain Telekom, with the campaign launching on 8 September and the site moving to telekom.gr.6
  • Jul 20269,799,155 own shares were cancelled on 17 July and a dividend of €0.90214 per share was paid on 7 July.1
  • Jun 2026S&P upgraded OTE's long-term issuer credit rating to A- from BBB+, outlook stable.1
  • Feb 2026A new shareholder remuneration policy based on actual free cash flow, with a €532m payout for 2026.2
Key figures
  • FTTH homes passed 2.22m H1 20261
  • FTTH subscribers 686,831 H1 20261
  • Mobile subscribers 7.10m H1 20261
  • Pay-TV subscribers 793,212 H1 20261
  • Adjusted EBITDA (AL) margin 39.7% H1 20261
Key facts
  • FY2025 revenue of €3,464.3m and Adjusted EBITDA (AL) of €1,373.5m, with free cash flow of €542.8m.2
  • Net debt of €405.3m at 30 June 2026, including leases, or 0.3 times twelve-month Adjusted EBITDA (AL).1,7
  • S&P upgraded OTE to A- from BBB+ on 3 June 2026, the only Greek company rated in the A category.1
  • 2026 guidance: free cash flow of about €750m, capex of about €600m and EBITDA growth of about 3%.1
  • 2026 shareholder-return target of €532m: the dividend approved at €0.8777 per share was paid at €0.90214 after the treasury-share adjustment, alongside a €177m buyback target.2,7
Sources
  1. 1.OTE Group 2026 Second Quarter ResultsOTE Group · 29/07/2026official
  2. 2.OTE Group reports 2025 fourth quarter and full year resultsOTE Group · 26/02/2026official
  3. 3.Corporate Presentation Q4 2025OTE Group · 26/02/2026official
  4. 4.Annual Financial Report 2024OTE Group · 25/02/2025official
  5. 5.Six Months Financial Report 2025OTE S.A. · 06/08/2025official
  6. 6.COSMOTE TELEKOM becomes TelekomDeutsche Telekom · 03/09/2026official
  7. 7.Six Months Financial Report 2026OTE S.A. · 29/07/2026official
  8. 8.FY2025 Annual Financial Report, official ESEF archiveOTE S.A. / Euronext Athens · 26/02/2026official
  9. 9.OTE €350m bond issue and partial refinancing planOTE S.A. via London Stock Exchange RNS · 22/09/2026
  10. 10.Purchase of own shares, 21–25 SeptemberOTE S.A. via London Stock Exchange RNS · 28/09/2026
AI-drafted from the cited sources · 30/09/2026 · v4 · ✓ checked by an independent second modelHellenic Telecommunications Organization S.A.Website ↗
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Why it moved
-0.52% · volume 0.4×
News & events
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Peers
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Results
How it did vs last year
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Asks“What's the latest news on OTE, and what's coming up?”
Data: Twelve Data · End-of-day prices · Nothing here is investment advice.