Added to YB: 2025-02-28
Pitch date: 2025-02-26
OPAP.AT [bullish]
OPAP Holding Société Anonyme
-10.78%
current return
Author Info
Silba shares business stories that make you smarter. We explore fascinating companies you've never heard of, making complex ideas simple through clear storytelling. Sign up for the newsletter.
Company Info
As of March 24, 2026, OPAP Holding Société Anonyme was acquired by Allwyn International AG, in a reverse merger transaction.
Market Cap
EUR 5.0B
Pitch Price
EUR 15.78
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.57
P/E
10.44
EV/Sales
3.19
Sector
Hotels, Restaurants and Leisure
Category
dividend
OPAP: A License to Print Money
OPAP.AT: Ex-state monopoly gambling co. w/ 35% EBITDA margin, 8% div yield. Strong retail network (3500 stores) funds digital growth (28% YoY). Bull: protected cash flows, cultural embedding. Bear: addiction concerns, regulatory risks. Valuation gap: 13.1x P/E vs peers 57x. Key Q: Can OPAP transition to competitive digital while maintaining moat?
Read full article (16 min)