Athens Medical Center
Athens Medical Center (IATR) closed at €1.400 on 26/10/2026, +0.00% on the day. Market cap €121.4m.
Key statistics
FY2025 unless a figure says otherwise
Profile
At the 26 Oct close- Market value
- €121.4m
- Enterprise valueDec 2025est.
- €272.7m
- Shares outstandingOct 2026
- 86.7m
- RevenueFY2025
- €275.8m
- Employees
- 3,043
- Free floatest.
- 13.8%
- Traded a day, 3-month average
- €6.5k
Valuation
FY2025- P/E
- —
- P/B
- 1.2×
- EV/Salesest.
- 0.99×
- EV/EBITDAest.
- 9.9×
- P/FCF
- —
- Dividend yield
- 0.0%
not meaningful: a loss
5 years, on reported full years: 4.5–11.3×, median 8.0×. Today 9.9×, higher than 90% of months.
not meaningful here
Margins
FY2025- Gross
- 20.4%
- EBITDA
- 10.0%
- Operating (EBIT)
- 2.9%
- Pre-tax
- −1.1%
- Net
- −1.7%
- Free cash flow
- −4.3%
Net margin = the shareholders' profit ÷ group revenue.
Returns
FY2025- ROE
- −4.3%
- ROCE
- 3.2%
- ROICest.
- 1.9%
- ROA
- −0.9%
- ROE, 5-year averageFY2021–25
- 4.9%
- Tax rateFY2024
- 58.1%
Financial health
Dec 2025- Cash
- €31.3m
- Net debt
- €151.1m
- Net debt ÷ EBITDA
- 5.5×
- Debt ÷ equity
- 175.3%
- Interest coverFY2025
- 0.73×
Growth
- Revenue, last yearFY2025
- +2.2%
- EPS, last yearFY2025
- −362.4%
- Revenue, 3 yearsFY2022–25, a year
- +5.7%
- Revenue, 5 yearsFY2020–25, a year
- +8.0%
- EPS, 3 yearsFY2022–25, a year
- —
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
- 1
nothing paid in 12 months
not meaningful here
Trading and risk
From our closes, dividends reinvested- Total return, 1 year
- −25.3%
- 3 years, a year
- −5.9%
- 5 years, a year
- −3.1%
- 10 years, a year
- +8.8%
- Volatility, 1 year
- 30.0%
- Beta to the General Index
- 0.54×
- Deepest fall, 1 year / 5 years
- −32.0% / −39.1%
- 52-week range
- €1.400–€2.06
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| Metric | IATR |
|---|---|
| P/B | 1.2 |
| P/S | 0.44 |
| EV/EBITDA | 9.9 |
| Dividend yield | 0.0% |
| Gross margin | 20.4% |
| Operating margin | 2.9% |
| Net margin | −1.7% |
| ROE | −4.3% |
| Revenue growth (last full year) | 2.2% |
| Net debt | €151.1m |
Peers: Hospitals
No other company listed in Athens runs this business; related ones can be ticked in.
The company
AI-draftedAthens Medical Group provides hospital, diagnostic and specialist medical services, mainly in Greece with a smaller Romanian operation. Patients, private insurers and public insurer EOPYY fund its services. Mandatory reimbursement deductions affect net revenue and cash collection.
- Jul 2026Transfer to Surveillance for inadequate free float.7
- Jun 2026Bondholders consented to amend two ratios and extended the €30m line to January 2028.9
- Jun 2026Denial of reports of a foreign-fund acquisition and imminent delisting tender offer.6
- Jun 2026New board constituted following the AGM.3,4
- Mar 2026€65m bond drawn to refinance existing facilities.1,9
- Jan 2026Vasilios Apostolopoulos became chair and Christos CEO.8
- H1 2026 owners earned €0.499m (group profit €0.521m) and EBITDA was €20.037m. FY2025 owners lost €4.670m (group loss €4.618m).1,9
- Georgios Apostolopoulos reached a 49.69% direct and indirect interest.2,5
- The shares entered Surveillance on 13 July 2026 for inadequate free float.7
- The March 2026 €65m bond and the €30m committed line both fall due in January 2028.9
- Net debt reached €172.815m at 30 June 2026, from €151.108m at the end of 2025.1,9
- 1.Annual Financial Report FY2025Athens Medical Center S.A. · 30/04/2026official
- 2.Shareholder Structure Updated 3 April 2026Athens Medical Center S.A. · 03/04/2026official
- 3.Board Constitution June 2026Athens Medical Center S.A. · 26/06/2026official
- 4.Annual General Meeting Decisions June 2026Athens Medical Center S.A. · 26/06/2026official
- 5.Founder Share Purchase and Voting RightsAthens Medical Center S.A. · 03/04/2026official
- 6.Denial of Takeover and Delisting ReportsAthens Medical Center S.A. · 25/06/2026official
- 7.Free Float Review and Surveillance TransferEuronext Athens · 10/07/2026official
- 8.Board Succession 2 January 2026Athens Medical Center S.A. · 02/01/2026official
- 9.Half-year Financial Report H1 2026 (board approval 2026-09-29; review report 2026-09-30)Athens Medical Center S.A. · 30/09/2026official