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Hellenic Exchanges - Athens Stock Exchange S.A.

Hellenic Exchanges - Athens Stock Exchange S.A.

HEHSF
Hellenic Exchanges - Athens Stock Exchange S.A.US flagOther OTC
8.67
USD
- -
- -
501.56MMarket Cap
Hellenic Exchanges - Athens Stock Exchange S.A.
HEHSF
(Other OTC)

Recent

price

8.67

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.94
0.63
0.5
1.22
0.69
0.52
0.4
0.44
0.42
0.53
0.5
0.59
0.63
0.81
0.93
- -
1.48
Revenue per Share
0.33
0.33
0.18
0.49
0.32
0.14
0.02
0.05
0.05
0.1
0.06
0.14
0.14
0.22
0.3
- -
0.55
Basic EPS, GAAP
0.29
0.12
0.05
0.79
-0.03
0.07
0.03
0.16
0.02
0.15
0.07
0.21
0.08
0.24
0.26
- -
0.87
Free Cash Flow per Basic Share
0.35
0.15
0.19
0.12
0.2
0.31
0.33
0.32
0.2
0.16
0.07
0.07
0.15
0.16
0.25
- -
0.01
Dividend per Share
-0.41
-0.35
-0.36
-0.66
1.28
1.76
1.39
1.13
1
0.94
0.83
0.78
1.11
1.31
1.48
- -
1.81
Book Value per Share
2.27
2.34
2.33
2.73
2.84
2.64
2.12
1.87
1.73
1.68
1.64
1.69
1.59
1.68
1.76
- -
2.09
Tangible Book Value per Share
65
65
65
65
65
65
64
60
60
60
60
60
59
58
58
- -
58
Basic Weighted Avg Shares
62
41
32
80
45
34
26
26
25
32
30
36
37
47
54
86
86
Sales/Revenue/Turnover
63.44
41.8
35
74.24
53.44
38.37
21.3
19.83
16.24
28.24
14.78
24.73
24.53
33.02
36.89
43.6
43.6
Operating Margin (%)
2
2
2
1
2
2
3
3
4
4
4
4
4
4
4
4
4
Depreciation Expense
21
22
12
32
21
9
1
3
3
6
4
8
8
13
17
32
32
Net Income, GAAP
45.59
17.13
21.3
48.84
24.01
32.8
57.55
39.42
24.48
35.88
21.15
13.3
21.16
22.9
21.95
22.32
22.32
Effective Tax Rate (%)
34.51
52.28
36.77
40.41
46.56
26.84
5.58
11.67
12
19.12
12.73
22.93
21.92
27.79
32.16
36.86
36.86
Profit Margin (%)
120
124
125
154
161
150
114
90
80
71
66
67
57
60
65
87
87
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
149
153
153
181
189
178
141
119
111
108
106
109
101
104
110
129
129
Total Equity
13.13
9.11
5.82
16.93
9.19
4.58
1.42
2.43
2.7
5.25
3.25
6.98
6.76
11.14
13.63
22.36
22.36
Return on Invested Capital (%)
-85.31
-86.43
-51.01
-96.66
103.64
9.15
1.45
4.04
4.87
10.56
7.44
17.01
14.64
18.41
21.43
33.1
33.1
Return on Capital (%)
- -
- -
- -
- -
- -
9.09
1.4
3.91
4.71
10.41
7.25
16.86
14.61
18.46
21.49
33.18
33.18
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
58
58
58
Market Capitalization
329
405
360

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
503
559
643
Cash, Cash Equivalents & STI
75
94
107
Accounts Receivable, Net
2
2
3
Inventories
- -
- -
- -
Total Current Liabilities
439
481
556
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
-2.58%
4.45%
17.29%
Free Cash Flow
140.63%
117.04%
230.13%
Net Income, GAAP
38.02%
57.25%
82.46%
Sales/Revenue/Turnover
11.8%
24.34%
59.21%
Total Cash Common Dividend
- -
- -
20.82%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
12
11
11
13
47
2024
13
13
13
14
54
2025
16
18
31
21
86

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.06
- -
- -
- -
0.22
2024
0.08
- -
- -
- -
0.3
2025
0.1
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.16
2024
- -
- -
- -
- -
0.25
2025
- -
- -
- -
- -
- -
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Business
Hellenic Exchanges - Athens Stock Exchange S.A. (HELEX or ATHEX) operates the Greek capital market, providing trading, clearing, settlement, and registry services for equities, derivatives, fixed-income securities, and bonds through its fully owned subsidiaries ATHEXClear and Hellenic Central Securities Depository (ATHEXCSD); it also offers comprehensive IT solutions, data feeds, exchange services, depository services, and promotes capital market development in Greece. The group supports cash markets, derivatives markets, alternative markets for emerging and innovative companies, and collaborates via the Hellenic Corporate Governance Council with the Hellenic Federation of Enterprises and Hellenic Banking Association to advance governance standards. Founded in 2000 as a holding company and headquartered at 110 Athinon Avenue in Athens, Greece, it focuses on the Greek market with international trading activity comprising 65% of volume and maintains a presence aligned with European regulatory frameworks. In November 2025, Euronext N.V. successfully completed a voluntary share exchange tender offer, acquiring approximately 74.25% of HELEX's voting rights and integrating ATHEX into its pan-European infrastructure, with plans to migrate trading to the Optiq platform, target €12 million in annual synergies by 2028, and establish a new Group-level support and technology center in Athens. This acquisition, supported by all necessary regulatory approvals, enhances Greek market visibility, technology, and liquidity access for over 1,800 Euronext-listed companies while positioning ATHEX as a hub for Southeastern Europe expansion.