Athens Water Supply and Sewerage Company S.A.

Athens Water Supply and Sewerage Company S.A.

EYDAP.AT
Athens Water Supply and Sewerage Company S.A.GR flagAthens Stock Exchange
11.90
EUR
+0.02
- -
1.27BMarket Cap
Athens Water Supply and Sewerage Company S.A.
EYDAP.AT
(Athens Stock Exchange)

Recent

price

11.90

P/E

ratio

- -

div

yld

- -

ROIC.AI

2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
TTM
FRC
3.79
3.63
3.56
3.37
3.32
3.16
3.06
3.04
3.09
3.07
3.03
3.04
3.1
3.39
3.23
3.3
3.04
Revenue per Share
0.29
0.05
0.11
0.24
0.48
0.73
0.39
0.41
0.23
0.41
0.45
0.55
-0.62
0.29
0.05
0.19
0.41
Basic EPS, GAAP
-0.42
-0.31
-0.23
-0.13
0.41
4.48
-0.67
0.54
0.4
0.49
0.9
0.58
0.6
0.08
-0.96
-0.23
0.54
Free Cash Flow per Basic Share
0.06
0.05
0.01
0.02
0.15
0.18
0.37
0.19
0.3
0.47
0.19
0.26
0.37
0.47
0.28
0.02
0.19
Dividend per Share
3.85
3.77
3.85
4.05
3.96
4.97
4.73
5.16
4.56
4.91
5.11
5.12
3.96
4.09
4.3
4.39
5.16
Book Value per Share
7.72
7.62
7.72
7.94
7.87
8.88
8.6
9.04
8.45
8.8
8.87
8.89
7.74
6.83
7.08
7.21
9.04
Tangible Book Value per Share
106
106
106
106
106
106
106
106
106
106
106
106
106
106
106
106
106
Basic Weighted Avg Shares
403
386
379
359
353
336
326
324
329
327
322
324
330
361
343
352
324
Sales/Revenue/Turnover
13.83
6.1
9.16
13
23.36
17.33
15.92
15.17
16.5
15.14
16.99
22.59
-24.47
13.86
2.04
6.95
15.17
Operating Margin (%)
23
25
28
38
42
40
44
48
46
45
44
1
1
45
45
45
48
Depreciation Expense
31
6
11
26
52
78
42
44
24
43
48
58
-66
31
5
20
44
Net Income, GAAP
36.54
68.14
61.98
26.6
24.09
- -
33.98
22.48
41.8
34.67
40.32
30.88
- -
48.39
52.72
27.57
22.48
Effective Tax Rate (%)
7.75
1.49
2.99
7.27
14.61
23.25
12.84
13.46
7.31
13.27
14.86
17.94
-20.01
8.5
1.46
5.77
13.46
Profit Margin (%)
112
91
106
153
183
370
416
445
424
496
543
597
460
442
398
416
445
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
3
2
38
13
2
- -
LT Debt
829
822
831
852
844
951
921
967
905
942
949
951
828
815
837
847
967
Total Equity
3.68
0.75
1.28
3.33
6.37
- -
3.64
4.12
3.47
3.69
3.7
5.76
- -
3.41
0.43
2.32
4.12
Return on Invested Capital (%)
6.92
1.48
2.55
6.04
10.43
- -
8.16
8.48
5.15
8.68
9.44
11.23
- -
6.94
1.25
5.76
8.48
Return on Capital (%)
7.76
1.42
2.8
6.19
12.1
16.42
8.12
8.3
4.65
8.61
8.99
10.67
-13.67
7.15
1.12
4.38
8.3
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Jun'15
Sep'15
Dec'15
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
106
106
106
Market Capitalization
622
607
532

Working Capital

FRC

in mil. unless spec.
Jun'15
Sep'15
Dec'15
Total Current Assets
495
530
531
Cash, Cash Equivalents & STI
230
255
260
Accounts Receivable, Net
221
234
172
Inventories
13
13
13
Total Current Liabilities
71
82
86
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-1.01%
-2.08%
1.18%
Free Cash Flow
-178.56%
-313.87%
-76.06%
Net Income, GAAP
-11.46%
-23.68%
304.21%
Sales/Revenue/Turnover
0.51%
1.84%
2.36%
Total Cash Common Dividend
7.71%
-5.57%
-92.8%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
- -
- -
- -
- -
361
2022
- -
- -
- -
- -
343
2023
- -
- -
- -
- -
352

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
- -
- -
- -
- -
0.29
2022
- -
- -
- -
- -
0.05
2023
- -
- -
- -
- -
0.19

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
- -
- -
- -
- -
0.47
2022
- -
- -
- -
- -
0.28
2023
- -
- -
- -
- -
0.02
Business
Athens Water Supply and Sewerage Company S.A. (EYDAP) is the largest Greek enterprise in the water supply and sewerage sector, primarily servicing the metropolitan area of Athens and surrounding municipalities in the Attica region. Founded in 1980 and headquartered in Galatsi, Athens, EYDAP offers a comprehensive range of products and services including potable water supply through an extensive network of over 2 million water meters and approximately 9,500 kilometers of water pipes; sewerage services to about 3.5 million residents via nearly 6,000 kilometers of sewer lines; wastewater treatment through four major treatment plants with capacities ranging from 200,000 to 600,000 cubic meters per day; and renewable and conventional energy production involving hydropower, natural gas, and solar energy. The company also provides specialized services such as septic sewage treatment and advanced water quality control supported by dedicated R&D facilities. In the last 1-2 years, EYDAP has undertaken significant strategic initiatives including launching a €2.5 billion decade-long investment program aimed at modernizing and expanding water supply and wastewater infrastructure to enhance resilience against climate change impacts, including severe drought conditions in the Athens region. This program focuses on network renewal, reducing water loss, expanding sewer connections by approximately 75,000 properties, construction of new wastewater treatment plants, and incorporation of advanced digital monitoring systems to increase service reliability and efficiency. A major recent milestone is the securing of a €250 million financing agreement with the European Investment Bank (EIB) to support these modernization efforts. EYDAP has also emphasized sustainable water management and circular economy practices by promoting water reuse for agricultural irrigation and urban green spaces, aligning with contemporary environmental and ESG priorities. EYDAP operates predominantly in the water utility industry serving commercial, residential, industrial, and municipal customers across the Athens metropolitan area. The company maintains robust capabilities in managing large-scale water and wastewater infrastructure, distinguished by its high operational standards and scientific research contributions in water quality and treatment innovation. EYDAP's strategic partnerships, regulatory compliance efforts, and sizable investment programs position it as a leader in sustainable urban water management in Southern Europe.