Equity Brief · Financial Services2026-10-27
EXAE.AT·Financial Services

Euronext Athens Holding S.A.

I · AI Analysis

The brief

Euronext Athens runs the infrastructure for Greece's capital markets, including the stock exchange, bond market, and derivatives trading. The company earns revenue from transaction fees, listing fees, clearing and settlement services, and selling market data to institutional clients. It also operates a multilateral trading facility for smaller companies and provides IT systems to other market operators.

Euronext Athens Holding S.A. operates the Greek stock exchange and related infrastructure, providing trading, clearing, settlement, and data services for stocks, bonds, and derivatives [Yahoo Finance]. The company was acquired by Euronext N.V. and rebranded from Hellenic Exchanges in April 2026 [Yahoo Finance]. Recent news highlights Capital Maritime Finance's €300 million IPO on the platform [Watson Farley & Williams].

Highly profitable exchange operator with strong cash generation and minimal debt.

The brief AI analysisConfidence 6/10

Sentinellis health

Financially healthy

8.8/10

7.5+ strong · 4.5–7.5 moderate · under 4.5 weak

Profitability

18% of score10.0/10
Net margin+44.7%Gross margin+95.1%

Returns on capital

18% of score10.0/10
ROIC+328.7%Return on equity+30.6%

Growth & momentum

12% of score10.0/10
Revenue growth+46.1%Operating margin trend—· no data

Balance sheet

35% of score6.7/10
Current ratio1.1x· need > 1.2xNet debt / EBITDA-3.3xInterest coverage779.6xDebt / equity0.00

Cash generation

18% of score10.0/10
Free cash flowEUR 50.5MCash vs reported profitEUR 53.6M vs EUR 45.2M

Value creation

no data
ROIC vs cost of capital—· no data

Sentinellis calculation from the published statements — not a score reported by any data source. Each category is scored on the checks that had data; missing inputs are excluded rather than counted as failures.

Market capitalisation

EUR 656.0M

Revenue (TTM)

EUR 101.1M

Explainers

How we read these numbers

Plain-English guides · no account needed

II · Recent news

What moved

3 stories · ranked by relevance

  • Company2026-10-23

    WFW advises Capital Maritime Finance on €300m IPO and admission to trading on Euronext Athens - Watson Farley & Williams

    Watson Farley & Williams

  • Company2026-10-26

    Bloomberg: Capital Maritime Finance Rises in First Week on Euronext Athens - tovima.com

    tovima.com

  • Company2026-10-15

    Athens Exchange stock costs EUR 10.35 with 150 years of history - ad-hoc-news.de

    ad-hoc-news.de

Premium · Free with any account

Forward P/E of 24.1x sits well above the trailing P/E of 15.3x, meaning analysts expect earnings to decline from current levels — the market is pricing in a material drop in profitability [Yahoo Finance]

1 of 4 risks in this report

Risks

4

Opportunities

4

Red flags

2

Leadership

10

9 more findings in the full report — free with any account.

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III · Related

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Produced 27 Oct 2026, 10:40 UTC

Figures come from company filings and market data. The Sentinellis health score and the wording attached to it are our interpretation of those figures, not numbers the company reported.

Not investment advice and not a recommendation to buy or sell. Sentinellis holds no positions in the companies it covers, takes no payment from issuers, and has no broker referral arrangements.

How every figure and score is calculated