GEK TERNA Holdings, Real Estate, Construction S.A. (GEKTERNA.AT) stock analysis

In our weekly check, GEK TERNA Holdings, Real Estate, Construction S.A. is graded D (A to F). Of 25 checks on debt, profit, cash flow and trend: 11 pass, warnings: 3, red flags: 11.

About GEK TERNA Holdings, Real Estate, Construction S.A.

GEK TERNA Holdings, Real Estate, Construction S.A. is an Industrials company (Engineering & Construction) based in Greece, listed on ATH as GEKTERNA.AT.

What our checks show for GEKTERNA.AT

Red flags

• Net debt is 8.7x a year of EBITDA (debt/equity 3.1). That limits room in a downturn and raises refinancing risk.
• Operating profit covers interest only 1.6 times: a weak year could make the payments hard.
• The gross margin fell by 11.5 points, to 11.5%: costs are rising faster than prices.
• Analysts expect revenue to shrink about 8.2% a year.
• Revenue fell 0.7% a year over the last 3 years.
• The net margin is only 3.6%: little room if costs rise.
• Free cash flow is negative (-20.2% of revenue): the business spends more cash than it brings in.
• The stock has fallen as much as 97% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 10.7 years.
• Return on capital (ROCE) is only 4.4%.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• The net margin fell by 0.8 points over 5 years, to 3.6%: the company keeps less of each sale as profit.
• Earnings per share fell 0.7% a year over the last 3 years.
• Thinly traded (about 362 thousand shares a day): buying and selling can move the price.

Strengths

• Operating cash flow is 4x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 17.3% a year over the next years.
• Analysts expect the net margin to improve by 3.9 points from today's 3.6%.
• The dividend takes 27% of profit: there is a cushion.
• Beta 0.69: the stock usually moves less than the market.

Similar companies

BBY.L · PRIM · ARCAD.AS · EXPO · TPC · MYRG

Questions

What grade does GEK TERNA Holdings, Real Estate, Construction S.A. (GEKTERNA.AT) have?

In our weekly check, GEK TERNA Holdings, Real Estate, Construction S.A. is graded D (A to F). Of 25 checks on debt, profit, cash flow and trend: 11 pass, warnings: 3, red flags: 11. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of GEKTERNA.AT stock?

This week's biggest flags for GEK TERNA Holdings, Real Estate, Construction S.A.: High debt, Weak interest cover, Gross margin falling. In total 14 of 25 checks show a warning or a red flag.

What does GEK TERNA Holdings, Real Estate, Construction S.A. do?

GEK TERNA Holdings, Real Estate, Construction S.A. is an Industrials company (Engineering & Construction) based in Greece, listed on ATH as GEKTERNA.AT.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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