olivLaw · European equity research
ΔΟΜΙΚΗ ΚΡΗΤΗΣ Α.Ε. DOMIK.AT
Greece · Athens Stock Exchange · ISIN GRS364253005 · Vertical: Listed companies from Greece
Domiki Kritis is a Greek public-works construction group with branches in energy and real estate, carrying an unexecuted contract backlog of about 62,171 thousand EUR at end-2025. The company relies heavily on state tenders, and the macro backdrop and geopolitical tensions make this model worth watching.
At the close of 06 Nov 2026, ΔΟΜΙΚΗ ΚΡΗΤΗΣ Α.Ε. (DOMIK.AT) stock was 2.24 EUR (−1.32% on the day), with market capitalisation 35.5 m EUR, P/E 87.2 on diluted EPS of 0.03 EUR over the last 12 months, beta 0.72, 52-week range 1.92–3.05 EUR.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 30.3
- weak (30–45)
- Bollinger (20, 2)
- 2.26 – 2.42
- below the lower band · %B -0.16 · band width 6.5%
- SMA 50 / 200
- 2.55 / 2.48
- mixed trend
- MACD (12, 26, 9)
- -0.07 / -0.07
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −7.1% | −0.6% | −6.4 pp | — |
| 3 months | −18.2% | −4.2% | −14.1 pp | — |
| 6 months | −12.2% | +4.3% | −16.5 pp | — |
| Year to date | −9.7% | +7.5% | −17.2 pp | — |
| 1 year | +8.7% | +9.9% | −1.2 pp | −1.9% |
| 3 years | −35.8% | +49.8% | −85.7 pp | +38.4% |
| 5 years | +206.8% | +42.8% | +164.0 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 33 percentile of its own 3-quarter history (min 27.4, median 96.5, max 444.4; quarters with earnings only).
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 20.8 m | 15.7 m | 18.1 m |
| Revenue YoY | unavailable | −24.6% | +15.6% |
| Net income | 1.9 m | 100.5 k | 407.8 k |
| Net income YoY | unavailable | −94.7% | +305.9% |
| Diluted EPS | 0.12 | 0.01 | 0.03 |
| Diluted EPS YoY | unavailable | −94.7% | +307.9% |
| net % | 9.1% | 0.6% | 2.3% |
| Free cash flow | 163.6 k | -626.5 k | 4.6 m |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 4.3 m EUR
- Financial debt
- 5.0 m EUR
- Net debt
- 721.4 k EUR
- Equity
- 13.7 m EUR
- Total assets
- 33.2 m EUR
- Debt / equity
- 0.37x
- Current ratio
- 1.23x
- ROE
- 3.0%
- ROA
- 1.3%
- FCF margin
- 25.3%
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 20.8 m | 15.7 m | 18.1 m | esef· 23 Oct 2026verified |
| Operating income | 2.0 m | 1.1 m | 1.5 m | esef· 23 Oct 2026verified |
| Depreciation & amortisation | 158.9 k | 268.3 k | 290.3 k | esef· 23 Oct 2026verified |
| EBITDA | 2.2 m ≈ | 1.4 m ≈ | 1.8 m ≈ | esef· 23 Oct 2026derived |
| Interest expense | 565.2 k | 770.0 k | 798.5 k | esef· 23 Oct 2026verified |
| Pre-tax income | 2.8 m | 217.3 k | 542.9 k | esef· 23 Oct 2026verified |
| Income tax | 884.7 k | 116.8 k | 135.1 k | esef· 23 Oct 2026verified |
| Net income | 1.9 m | 100.5 k | 407.8 k | esef· 23 Oct 2026verified |
| Diluted EPS | 0.12 | 0.01 | 0.03 | esef· 23 Oct 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 2.1 m | 990.7 k | 4.3 m | esef· 23 Oct 2026verified |
| Receivables | 11.6 m | 9.7 m | 9.5 m | esef· 23 Oct 2026verified |
| Inventories | 86.5 k | 87.2 k | 66.9 k | esef· 23 Oct 2026verified |
| Current assets | 14.1 m | 11.6 m | 16.2 m | esef· 23 Oct 2026verified |
| Property, plant & equipment, net | 15.6 m | 15.8 m | 16.2 m | esef· 23 Oct 2026verified |
| Intangibles (excl. goodwill) | 39.5 k | 40.3 k | 40.3 k | esef· 23 Oct 2026verified |
| Total assets | 30.8 m | 28.5 m | 33.2 m | esef· 23 Oct 2026verified |
| Short-term debt | 2.3 m | 2.4 m | 1.1 m | esef· 23 Oct 2026verified |
| Long-term debt | 4.4 m | 3.9 m | 3.9 m | esef· 23 Oct 2026verified |
| Current liabilities | 10.0 m | 8.7 m | 13.2 m | esef· 23 Oct 2026verified |
| Total liabilities | 17.8 m | 15.2 m | 19.5 m | esef· 23 Oct 2026verified |
| Equity | 13.0 bn | 13.3 m | 13.7 m | esef· 23 Oct 2026verified |
| Shares outstanding at year end | 15.9 m | — | 15.9 m | esef· 23 Oct 2026derived |
Cash flow · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 210.0 k | -446.2 k | 5.1 m | esef· 23 Oct 2026verified |
| Capex | 46.3 k | 180.3 k | 545.3 k | esef· 23 Oct 2026verified |
| Free cash flow | 163.6 k ≈ | -626.5 k ≈ | 4.6 m ≈ | esef· 23 Oct 2026derived |
| Investing cash flow | -41.9 k | -493.4 k | -458.9 k | esef· 23 Oct 2026verified |
| Financing cash flow | 1.1 m | -131.0 k | -1.3 m | esef· 23 Oct 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 46 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
06 Nov 2026Source: olivLaw, closing series
Market cap: 35.5 m EUR
Key indicators
Coverage and freshness
Score by group
- Quality55
- Balance sheet59
- Valuation30
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 0.21 – 9.90 EUR.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (EUR per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)6.04 – 9.90 (Mid 7.48)WACC 7.9% · starting FCFF 5.2 m EUR · terminal value share of EV 77%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: no growth between −30% and +40% justifies the price
- Peers: EV/EBITDA0.70 – 0.98 (Mid 0.80)4 companies used · median multiple 7.4x · quartiles 6.5x – 9.0xATTICA.AT, BRIQ.AT, BYLOT.AT, DIMAND.AT
- Peers: P/E0.21 – 0.34 (Mid 0.28)27 companies used · median multiple 10.9x · quartiles 8.2x – 13.2xAEGN.AT, AEM.AT, ALMY.AT, ASCO.AT, ASTAK.AT, AVAX.AT, BELA.AT, BIOKA.AT, BIOSK.AT, BIOT.AT, BRIQ.AT, BYLOT.AT, CENER.AT, CENTR.AT, DAIOS.AT, DIMAND.AT, EIS.AT, ELBE.AT, ELHA.AT, ELLAKTOR.AT, ELSTR.AT, ELTON.AT, ETE.AT, EUROB.AT, EYAPS.AT, FAIS.AT, FLEXO.AT
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Assumptions (illustrative, editorial)
- Risk-free rate
- 3.0%
- Equity risk premium
- 5.5%
- Beta (default)
- 1.00
- Cost of equity
- 8.5%
- Terminal growth
- 2.0%
Factor scorecard
Neutral profile · Score 46/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 6.9% | 44 (vs peers) | 14% |
| Net margin · Quality | 2.3% | 28 (vs peers) | 9% |
| FCF conversion · Quality | 1,124.0% | 100 (on a fixed band) | 9% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | 0.4x | 100 (vs peers) | 14% |
| Interest coverage · Balance sheet | 1.9x | 6 (on a fixed band) | 9% |
| Current ratio · Balance sheet | 1.2x | 36 (on a fixed band) | 6% |
| P/E (TTM) · Valuation | 87.2x | 3 (vs peers) | 14% |
| EV/EBITDA · Valuation | 20.1x | 0 (on a fixed band) | 14% |
| FCF yield · Valuation | 12.9% | 100 (on a fixed band) | 11% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet59/100 · 3/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality55/100 · 3/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation30/100 · 3/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
ΔΟΜΙΚΗ ΚΡΗΤΗΣ ΑΝΩΝΥΜΟΣ-ΤΕΧΝΙΚΗ-ΕΜΠΟΡΙΚΗ-ΞΕΝΟΔΟΧΕΙΑΚΗ-ΒΙΟΜΗΧΑΝΙΚΗ ΕΤΑΙΡΕΙΑ (DOMIK.AT). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 18.1 m EUR in 2025; YoY growth 15.6%; net margin 2.3%; ROE 3.0%; net debt/EBITDA 0.4x.
The estimated value range is 0.70–0.98 EUR per share (median of 3 methods, agreement: low); assumptions are illustrative. Against the central value of 0.80 EUR, the price of 2.24 EUR leaves a potential of -64.4% (value / price − 1) and a margin of safety of -180.9% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 46/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: growth, returns. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 1,124.0%
- Net debt / EBITDA: 0.4x
- FCF yield: 12.9%
What contradicts it
- Net margin: 2.3%
- Interest coverage: 1.9x
- P/E (TTM): 87.2x
- EV/EBITDA: 20.1x
- The price is above the estimated value range
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): Revenue CAGR 3Y, EPS CAGR 3Y, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from Greece · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| EUROB.ATΤραπεζα Eurobank Ανωνυμη Eταιρεια | 16.5 bn | 12.1 | 14.0% | 39.7% | +2.7% | +32% / +165% |
| ETE.ATΕθνικη Τραπεζα Της Ελλαδος Α.ε. | 14.8 bn | 12.7 | 13.3% | 42.5% | −5.4% | +21% / +159% |
| ELPE.ATHelleniq Energy Ανωνυμη Εταιρεια Συμμετοχων | 4.9 bn | 28.2 | 6.4% | 1.5% | −9.0% | +95% / +111% |
| CENER.ATCenergy Holdings | 4.4 bn | 22.9 | 24.3% | 9.4% | +14.7% | +41% / +199% |
| BELA.ATJumbo Ανωνυμη Εμπορικη Εταιρεια | 3.7 bn | 11.5 | 21.5% | 26.0% | +7.2% | +0% / +14% |
| AKTR.ATΑκtor Ανώνυμη Εταιρεία Συμμετοχών, Τεχνικών Και Ενεργειακών Έργων | 2.0 bn | 110.6 | 6.7% | 1.3% | +11.2% | +7% / +186% |
| EYDAP.ATΕταιρια Υδρευσεως Και Αποχετευσεως Πρωτευουσης Ανωνυμη Εταιρια | 1.4 bn | — | -2.6% | -5.9% | −2.4% | +83% / +132% |
| ELHA.ATEλβαλχαλκορ Ελληνικη Βιομηχανια Χαλκου Και Αλουμινιου Ανωνυμος Εταιρεια | 1.3 bn | 12.2 | 9.8% | 2.9% | +5.1% | +4% / +80% |
| AEGN.ATΑεροπορια Αιγαιου Ανωνυμη Αεροπορικη Εταιρεια | 995.2 m | 6.7 | 27.7% | 7.9% | +4.6% | −23% / −3% |
| AVAX.ATΑβαξ Ανωνυμη Εταιρεια Εργοληπτικη-Τουριστικη-Εμπορικη-Βιομηχανικη-Οικοδομικων Υλικων & Μηχανηματων | 495.3 m | 10.4 | 25.9% | 5.0% | +47.1% | +37% / +119% |
| BYLOT.ATBally's Intralot Α.ε. | 460.2 m | 15.1 | -9.3% | -12.6% | +34.8% | +10% / +17% |
| ELLAKTOR.ATΕλλακτωρ Ανωνυμη Εταιρεια | 419.4 m | 2.7 | 26.1% | 175.2% | −74.8% | −32% / −44% |
| AEM.ATAlter Ego Media Α.ε. | 350.0 m | 17.8 | 18.3% | 14.0% | +12.6% | −3% / unavailable |
| ALMY.ATΑλουμυλ Βιομηχανια Αλουμινιου Αε | 319.4 m | 10.4 | 23.5% | 6.0% | +11.7% | +15% / +118% |
| DIMAND.ATDimand Ανωνυμη Εταιρεια Αξιοποιησης Και Εκμεταλλευσης Ακινητων Και Κατασκευων Υπηρεσιων Και Συμμετοχων | 266.7 m | 7.6 | 18.5% | 58.5% | +110.6% | +42% / +28% |
| EVR.ATΕυρώπη Holdings Α.ε. | 168.6 m | 37.2 | 2.9% | 30.7% | +435.3% | −32% / +33% |
| EYAPS.ATΕταιρεια Υδρευσης & Αποχετευσης Θεσσαλονικης Α.ε. | 166.6 m | 21.6 | 4.1% | 8.8% | +2.4% | +22% / +39% |
| BRIQ.ATBriq Properties Ανωνυμη Εταιρεια Επενδυσεων Σε Ακινητη Περιουσια | 148.6 m | 5.9 | 15.5% | 116.9% | +37.8% | +12% / +69% |
| FAIS.ATΦαις Συμμετοχων Ανωνυμη Εταιρεια | 116.3 m | 8.7 | 22.1% | 6.3% | +12.9% | −7% / unavailable |
| DAIOS.ATΔαϊος Πλαστικα Ανωνυμη Βιομηχανικη Εμπορικη Εταιρεια Α.ε. | 102.0 m | 10.3 | 14.0% | 15.6% | +9.1% | −5% / +113% |
| ASTAK.ATAlpha Real Estate Services Ae | 94.7 m | 12.6 | 10.4% | 30.3% | +22.4% | −7% / −7% |
| FLEXO.ATFlexopack Ανωνυμη Εμπορικη Και Βιομηχανικη Εταιρεια Πλαστικων | 92.5 m | 8.3 | 8.3% | 6.8% | +4.6% | −2% / −2% |
| ASCO.ATA.s. Εμπορικη-Βιομηχανικη Εταιρια Η/υ & Παιχνιδιων Α.ε. | 59.6 m | 10.4 | 14.1% | 15.8% | +16.4% | +10% / +105% |
| AVE.ATAve Α.ε. | 50.4 m | — | -25.2% | -7.4% | +8.2% | −8% / −13% |
| ELTON.ATΕλτον Διεθνους Εμποριου Ανωνυμη Εμπορικη Βιομηχανικη Εταιρεια | 46.8 m | 13.7 | 4.9% | 1.9% | +8.6% | −12% / −19% |
1- and 3-year price returns: for DOMIK.AT from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (EUR)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 1.46 Total return -35% · Per year -35% | 2.58 Total return 15% · Per year 15% | 3.86 Total return 72% · Per year 72% |
| 3 years | 1.74 Total return -22% · Per year -8% | 3.41 Total return 52% · Per year 15% | 5.56 Total return 148% · Per year 35% |
| 5 years | 2.06 Total return -8% · Per year -2% | 4.51 Total return 101% · Per year 15% | 8.01 Total return 258% · Per year 29% |
- Exit P/E± 0.85
- Net margin± 0.60
- Annual revenue growth± 0.44
- Annual dilution± 0.05
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Domiki Kritis is a Greek public-works construction group with branches in energy and real estate, carrying an unexecuted contract backlog of about 62,171 thousand EUR 1 at end-2025. The company relies heavily on state tenders, and the macro backdrop and geopolitical tensions make this model worth watching.
SWOT
Strengths
Weaknesses
Opportunities
Risks
- Dependence on the Greek statehigh
The whole construction activity depends on public orders and payments, and delays can directly affect collections 1.
- Liquidity and late paymentsmedium
Management acknowledges that late payments can make a credible cash plan uncertain, although liquidity risk is currently considered low 1.
- Volatile execution costsmedium
Rising energy and material prices can reduce margins if the price-revision mechanism does not fully cover the gap 1.
- Interest rate exposurelow
Most loans carry variable rates, so a change in the base rate would alter financing costs 1.
- Cybersecurity and compliancemedium
Exposure to cyber attacks and rapid regulatory changes could affect operations and reputation 1.
Investment thesis
What would need to be true (bull case)
- If the group converts its order book and licence applications into won projects, diversification could reduce dependence on a single type of activity.
- A prudent bidding policy could protect margins even in an environment of volatile costs.
- Monetising the land and wind and solar parks could add revenue-generating assets over the medium term.
What would break the thesis
- If state payments remain late, pressure on liquidity could force the group to finance itself at higher cost.
- Escalating conflicts could raise material costs faster than they can be recovered through price revision.
- The energy and real estate projects are still at the permitting stage, so their contribution to results remains uncertain.
What to watch
- Development of the order book and newly signed contracts2026
- Granting of permits for wind and solar parks2027
- State payment terms and the level of liquidity credit linesnext annual report
- Decision on the use of the Perpo land2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The company ΔΟΜΙΚΗ ΚΡΗΤΗΣ S.A. mainly operates in public-works construction, taking part in projects through consortia and through subsidiaries in energy and property management. Management aims to keep the construction business going through the parent company and to exploit land and subsidiaries linked to tourism and energy 1.
The group's policy is conservative in choosing tenders, with costs estimated before bids so that discounts leave satisfactory gross margins 1. Contracts taken on over the last five years were priced at levels management considers reasonable 1.
The group depends on public clients and state procurement policy, and late payments and delays in approving price adjustments are recurring risks cited by management 1.
Segments
Public-works construction
The main segment, with state contracts and a backlog of about 62,171 thousand EUR at 31/12/2025 1. Revenue depends on the timing of public tenders, which management describes as uncertain 1.
Energy and real estate
The subsidiaries Αιολικό Ρουμάνι and Δομική Ενεργειακή, together with associates, have filed applications for wind and solar generation licences; some are mature and could be obtained within the next two years 1. The subsidiary Δομική Βιομηχανική holds land at Perpo and is reviewing options linked to tourism 1.
Market context
The Greek economy grew 2.1% in 2025, with private consumption and investment remaining the main drivers, supported by the Recovery and Resilience Facility 1. Inflation eased to 2.5% in 2025 from 2.7% in 2024, but the Middle East war could revive price pressure through higher energy costs 1.
The public-works market is sensitive to tender timing and the price-revision mechanism; a possible upgrade of the sovereign rating could support the financing environment 1.
Trends
- EU-funded public investmenttailwind
Investment financed through the Recovery and Resilience Facility supports demand for public works and construction 1.
- Volatile energy and material pricesheadwind
Tensions in the Middle East and disruption at the Strait of Hormuz could raise material and execution costs, squeezing margins if price revisions do not offset them 1.
- Transition to green energymixed
The European push toward renewable power opens opportunities for the group's wind and solar projects, though permits are still pending 1.
- US tariff and trade policyheadwind
US customs duties on European exports could slow trade and growth, with indirect effects on demand and financing 1.
Competitive position
The management in the source documents does not present a detailed competitive analysis, but it shows the group wins public tenders by pricing bids to protect margins 1. Direct competition comes from other Greek builders and from consortia bidding on the same public tenders 1.
In energy and real estate, the group enters markets where established operators have scale advantages; differentiation depends on its ability to obtain permits and suitable land 1.
- Other Greek public-works contractors
Rivals bidding on the same Greek public tenders, cited as the source of competition in the document 1.
- Construction consortia
Temporary joint ventures that compete for tenders, similar to the group's consortium participation model 1.
- Wind and solar power operators
Companies developing the same kinds of parks for which the group's subsidiaries have filed licence applications 1.
- Tourism-zone property developers
Players that could develop the same tourism land, relevant to the subsidiary holding the Perpo site 1.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202523 Oct 2026
- Annual report 202423 Oct 2026
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / ΔΟΜΙΚΗ ΚΡΗΤΗΣ Α.Ε. · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.