What is the intrinsic value of EYAPS.AT?

As of 2026-04-03, the Intrinsic Value of Thessaloniki Water and Sewage Co SA (EYAPS.AT) is 2.97 EUR. This EYAPS.AT valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 3.73 EUR, the upside of Thessaloniki Water and Sewage Co SA is -20.30%.

The range of the Intrinsic Value is 2.64 - 3.74 EUR

Is EYAPS.AT undervalued or overvalued?

Based on its market price of 3.73 EUR and our intrinsic valuation, Thessaloniki Water and Sewage Co SA (EYAPS.AT) is overvalued by 20.30%.

	Range	Selected	Upside
a
DCF (Growth 5y)	2.64 - 3.74	2.97	-20.3%
DCF (Growth 10y)	2.10 - 2.28	2.16	-42.1%
DCF (EBITDA 5y)	4.62 - 5.92	4.93	32.2%
DCF (EBITDA 10y)	4.22 - 5.60	4.59	23.0%
Fair Value	4.22 - 4.22	4.22	13.13%
P/E	2.68 - 5.04	3.90	4.5%
EV/EBITDA	4.33 - 7.09	5.49	47.2%
EPV	0.29 - (0.08)	0.11	-97.2%
DDM - Stable	1.76 - 5.21	3.49	-6.5%
DDM - Multi	2.08 - 4.69	2.87	-23.0%