Metlen
Metlen (MTLN) closed at €47.90 on 26/10/2026, +2.05% on the day. Market cap €6.9bn, P/E 21.8, dividend yield 2.09%.
Key statistics
FY2025 unless a figure says otherwise
Profile
At the 26 Oct close- Market value
- €6.9bn
- Enterprise valueDec 2025est.
- €10.1bn
- Shares outstandingOct 2026
- 143.3m
- RevenueFY2025
- €7.1bn
- Employees
- 6,617
- Free floatest.
- 68.9%
- Traded a day, 3-month average
- €11.7m
Valuation
FY2025- P/E
- 21.8×
- P/B
- 2.3×
- EV/Salesest.
- 1.4×
- EV/EBITDAest.
- 13.4×
- P/FCF
- —
- Dividend yield
- 2.1%
not meaningful here
Margins
FY2025- Gross
- 6.5%
- EBITDA
- 10.6%
- Operating (EBIT)
- 7.9%
- Pre-tax
- 5.4%
- Net
- 4.4%
- Free cash flow
- −3.4%
Net margin = the shareholders' profit ÷ group revenue.
Returns
FY2025- ROE
- 10.5%
- ROCE
- 9.1%
- ROICest.
- 7.7%
- ROA
- 2.8%
- ROE, 5-year averageFY2021–25
- 18.9%
- Tax rate
- 15.0%
- Profit to minority holders
- 3.4%
Financial health
Dec 2025- Cash
- €1.8bn
- Net debt
- €3.1bn
- Net debt ÷ EBITDA
- 4.1×
- Debt ÷ equity
- 163.8%
- Interest coverFY2025
- 3.1×
leases included
Growth
- Revenue, last yearFY2025
- +25.1%
- EPS, last yearFY2025
- −50.7%
- Revenue, 3 yearsFY2022–25, a year
- +4.1%
- Revenue, 5 yearsFY2020–25, a year
- +30.2%
- EPS, 3 yearsFY2022–25, a year
- −13.6%
Dividends
FY2025- Yield, last 12 months
- 2.1%
- Per share
- €1.000
- Payout
- 45.5%
- Covered by free cash flow
- −1.7×
- Years paid, last fiveFY2021–25
- 5
Trading and risk
From our closes, dividends reinvested- Total return, 1 year
- +15.5%
- Volatility, 1 year
- 35.3%
- Deepest fall, 1 year / 5 years
- −30.8% / −42.0%
- 52-week range
- €32.70–€50.50
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 | MTLN |
|---|---|
| P/E | 21.8 |
| P/B | 2.3 |
| P/S | 0.97 |
| EV/EBITDA | 13.4 |
| Dividend yield | 2.1% |
| Payout ratio | 45.5% |
| Gross margin | 6.5% |
| Operating margin | 7.9% |
| Net margin | 4.4% |
| ROE | 10.5% |
| Revenue growth (last full year) | 25.1% |
| Net debt | €3.1bn |
Peers: Industrial groups
No other company listed in Athens runs this business; related ones can be ticked in.
The company
AI-draftedA UK-incorporated group with its primary listing in London and a secondary listing in Athens. It generates and supplies electricity and gas in Greece, develops and sells renewable and battery projects internationally, mines bauxite and produces alumina and aluminium at Agios Nikolaos, and builds infrastructure in Greece through METKA ATE.
- An English plc, METLEN Energy & Metals PLC, with its primary listing on the LSE since 4 August 2025 and a secondary listing on ATHEX, under the same ticker MTLN.1,5
- An energy group first: Energy was 79% of FY2025 revenue, Metals 13% and Infrastructure 8%.4
- The only vertically integrated producer of bauxite, alumina and both primary and secondary aluminium in South-East Europe.1
- No longer "Mytilineos": the name changed in June 2024 and the Greek company is now a wholly owned subsidiary, not the listed entity.6,1
- Not a regulated utility on a guaranteed tariff: it is the largest independent generator and supplier in Greece's liberalised market.4,3
- Not a bet on the spot aluminium price: output is hedged through 2028, and a $50/t LME move shifts group EBITDA by about €0.1m.3,1
- Sep 2026Announced almost €25m of new EPALME investment in recycled-aluminium processing.13
- Sep 2026Agreed with PETRONAS on six LNG cargoes a year, about 0.6 bcm, for five years from 2027.12
- Sep 2026Agreed to sell the Tamarico II hybrid project in Chile, 165 MW of solar and 725 MWh of batteries, to Copec.11
- Aug 2026Disclosed a 129 MW/362 MWh UK battery contract and €18m financing for an Italian battery project.10
- Aug 2026Acquired Joule, a Greek software company for managing renewable and storage projects.9
- Jul 2026Signed its first long-term gallium supply agreement for about 25% of planned output.8
- Evangelos Mytilineos, the Executive Chairman, holds 22.0% of the voting rights; Fairfax holds 8.3%.7,2
- Guidance of €1.00-1.15bn EBITDA for 2026 and a medium-term target of about €1.92-2.08bn.3
- A dividend of €1.00 per share for FY2025, paid on 16 July 2026, under a policy of distributing roughly 35% of net profit.2
- A share buyback of up to €600m running to June 2031, executed in both London and Athens.2
- Its gallium plant, the first industrial-scale one in Europe, targets first production in H2 2027.3,8
- 1.2025 Integrated Annual ReportMETLEN Energy & Metals PLC · 09/04/2026official
- 2.2026 Half-Year ReportMETLEN Energy & Metals PLC · 06/08/2026official
- 3.Financial Results H1 2026METLEN Energy & Metals PLC · 06/08/2026official
- 4.Financial Results for the year ended 31 December 2025METLEN Energy & Metals PLC · 09/04/2026official
- 5.METLEN begins trading on the London Stock ExchangeMETLEN Energy & Metals · 04/08/2025official
- 6.Announcement of change of business nameMetlen Energy & Metals S.A. · 18/06/2024official
- 7.TR-1 notification of major holdingsMETLEN Energy & Metals PLC · 12/08/2026official
- 8.METLEN Signs Landmark Gallium Supply AgreementMETLEN Energy & Metals · 29/07/2026official
- 9.METLEN acquires JouleMETLEN Energy & Metals · 18/08/2026official
- 10.European battery-storage projectsMETLEN Energy & Metals PLC · 26/08/2026official
- 11.Tamarico II sale agreement with CopecMETLEN Energy & Metals PLC · 10/09/2026official
- 12.PETRONAS LNG supply agreementMETLEN Energy & Metals PLC · 14/09/2026official
- 13.EPALME recycled-aluminium investmentMETLEN Energy & Metals PLC · 22/09/2026official