Hellenic Exchanges - Athens Stock Exchange S.A. (ADR)

Factors to consider:

• Company pays dividends (irregularly): last record date 2025-06-24, amount 0.71$ (Y4.66%)
• Earnings for 15 months up through Q1 (+1 year) are below our estimates

Stock Forecast*

* forecast is subjective and experimental, should not be used for any investment decisions

Long term estimates were made for the period from 2023-12-31 to 2025-12-30

• 2023-12-31 to 2024-12-30 estimated range: [12.18$, 16.64$]
• 2024-12-30 to 2025-12-30 estimated range: [13.22$, 18.04$]

Financial Metrics affecting the HEXEY estimates:

• Positive: with PPE of 49.3 at the end of fiscal year the price was very low
• Positive: Operating profit margin, % of 33.02 > 18.64
• Positive: Industry operating profit margin (median), % of 27.02 > 9.92
• Negative: Industry operating cash flow per share per price (median), % of 4.35 <= 5.52
• Positive: 0 < Industry earnings per price (median), % of 3.28
• Positive: 1.87 < Return on assets ratio (scaled to [-100,100]) of 3.18
• Positive: 0.33 < Operating cash flow per share per price, % of 5.78
• Positive: Inventory ratio change, % of 0 <= 0
• Positive: -4.48 < Investing cash flow per share per price, % of -2.02