olivLaw · European equity research
ΠΡΟΟΔΕΥΤΙΚΗ ΑΝΩΝΥΜΟΣ ΤΕΧΝΙΚΗ ΕΤΑΙΡΕΙΑ PRD.AT
Greece · Athens Stock Exchange · ISIN GRS184003002 · Vertical: Listed companies from Greece
Proodeftiki is a Greek technical company active in construction and renewable energy projects in Greece and the Balkans. Its financial position at end-2025 shows heavy indebtedness and liquidity pressure, so any analysis has to weigh financing risk. The annual report puts group gearing at 33 percent.
At the close of 05 Nov 2026, ΠΡΟΟΔΕΥΤΙΚΗ ΑΝΩΝΥΜΟΣ ΤΕΧΝΙΚΗ ΕΤΑΙΡΕΙΑ (PRD.AT) stock was 0.22 EUR (+0.00% on the day), with market capitalisation 5.4 m EUR, beta 0.12, 52-week range 0.22–0.51 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)
- 29.8
- oversold (≤ 30)
- Bollinger (20, 2)
- 0.17 – 0.32
- in the lower half of the band · %B 0.32 · band width 59.8%
- SMA 50 / 200
- 0.26 / 0.39
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.02 / -0.02
- MACD below 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 | unavailable | −0.6% | unavailable | — |
| 3 months | unavailable | −4.2% | unavailable | — |
| 6 months | −25.0% | +4.3% | −29.3 pp | — |
| Year to date | −50.7% | +7.5% | −58.2 pp | — |
| 1 year | −51.3% | +9.9% | −61.2 pp | +0.4% |
| 3 years | −44.5% | +49.8% | −94.3 pp | +38.4% |
| 5 years | −40.3% | +42.8% | −83.1 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.
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 95.6 k | 223.8 k | 138.7 k |
| Revenue YoY | unavailable | +134.2% | −38.0% |
| Net income | -1.5 m | -269.0 k | -429.1 k |
| Net income YoY | unavailable | unavailable | unavailable |
| Diluted EPS | -0.06 | -0.01 | -0.02 |
| Diluted EPS YoY | unavailable | unavailable | unavailable |
| net % | -1,607.2% | -120.2% | -309.3% |
| Free cash flow | unavailable | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 76.7 k EUR
- Financial debt
- 4.0 m EUR
- Net debt
- 4.0 m EUR
- Equity
- 8.1 m EUR
- Total assets
- 18.0 m EUR
- Debt / equity
- 0.50x
- Current ratio
- 1.29x
- ROE
- -5.2%
- ROA
- -2.4%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 95.6 k | 223.8 k | 138.7 k | esef· 23 Oct 2026verified |
| Cost of revenue | 91.6 k | 145.0 k | 58.2 k | esef· 23 Oct 2026verified |
| Gross profit | 4.0 k | 78.8 k | 80.5 k | esef· 23 Oct 2026verified |
| Interest expense | 37.6 k | 29.2 k | 20.8 k | esef· 23 Oct 2026verified |
| Pre-tax income | -1.9 m | -180.1 k | -441.4 k | esef· 23 Oct 2026verified |
| Income tax | -338.4 k | 88.9 k | -12.3 k | esef· 23 Oct 2026verified |
| Net income | -1.5 m | -269.0 k | -429.1 k | esef· 23 Oct 2026verified |
| Diluted EPS | -0.06 | -0.01 | -0.02 | esef· 23 Oct 2026verified |
| Weighted average diluted shares | 25.5 m | 25.5 m | 25.5 m | esef· 23 Oct 2026verified |
Balance sheet · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 112.7 k | 77.2 k | 76.7 k | esef· 23 Oct 2026verified |
| Current assets | 7.6 m | 7.6 m | 7.7 m | esef· 23 Oct 2026verified |
| Property, plant & equipment, net | 9.0 m | 613.0 k | 551.8 k | esef· 23 Oct 2026verified |
| Total assets | 17.7 m | 18.1 m | 18.0 m | esef· 23 Oct 2026verified |
| Accounts payable | 3.9 m | 4.0 m | 4.3 m | esef· 23 Oct 2026verified |
| Short-term debt | 14.2 k | 289.9 k | 260.2 k | esef· 23 Oct 2026verified |
| Long-term debt | 3.8 m | 3.8 m | 3.8 m | esef· 23 Oct 2026verified |
| Current liabilities | 4.9 m | 5.6 m | 6.0 m | esef· 23 Oct 2026verified |
| Equity | 8.8 m | 8.5 m | 8.1 m | esef· 23 Oct 2026verified |
| Shares outstanding at year end | 24.4 m | 24.2 m | 24.4 m | esef· 23 Oct 2026derived |
Cash flow · EUR
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
- indicators available: 2 of at least 6
- score weight coverage: 10.4% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 5.4 m EUR
Key indicators
Coverage and freshness
Score by group
10% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
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
Insufficient data
Minimum-evidence gate: indicators available: 2 of at least 6; score weight coverage: 10.4% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -309.3% | 0 (vs peers) | 60% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.3x | 40 (on a fixed band) | 40% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| 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 sheet· partial40/100 · 1/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partial0/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partialunavailable · 0/3 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
ΠΡΟΟΔΕΥΤΙΚΗ ΑΝΩΝΥΜΟΣ ΤΕΧΝΙΚΗ ΕΤΑΙΡΕΙΑ (PRD.AT). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 138.7 k EUR in 2025; YoY growth -38.0%; net margin -309.3%; ROE -5.2%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 2 of at least 6; score weight coverage: 10.4% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- Net margin: -309.3%
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, P/E (TTM), EV/EBITDA, FCF yield, 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% |
| 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% |
| ELSTR.ATΕλαστρον Α.ε.β.ε. Χαλυβουργικα Προϊοντα | 45.7 m | 8.2 | 6.6% | 3.3% | −5.2% | +4% / −14% |
1- and 3-year price returns: for PRD.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 | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
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
Proodeftiki is a Greek technical company active in construction and renewable energy projects in Greece and the Balkans. Its financial position at end-2025 shows heavy indebtedness and liquidity pressure, so any analysis has to weigh financing risk. The annual report puts group gearing at 33 percent 1.
SWOT
Strengths
Weaknesses
Opportunities
Risks
- Liquidityhigh
The report flags significant liquidity risk and reduced ability to meet current obligations 1.
- Related-party financinghigh
The loan from a foreign company was declared inactive by the general meeting, creating uncertainty over the debt 1.
- Delayed collectionsmedium
Court rulings on final acceptance of public works are delayed, postponing payments to the company 1.
- Interest ratesmedium
Higher rates could increase financial expenses, and the report presents their sensitivity 1.
- Cybersecuritylow
An attack on information systems could affect the group's reputation and operations 1.
Investment thesis
What would need to be true (bull case)
What to watch
- Development of liquidity and maturing debts2026
- Outcome of the dispute with AEGEK over the Kamena Vourla works2026
- Status of the loan from the related party2026
- Path of interest rates and financing costs2026
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 group operates in construction and renewable energy (RES) projects in both Greece and the Balkans, according to its annual report for the year ended 31 December 2025 1. Its clients are mainly private companies, per the credit risk section of the same document 1. The group also takes part in public works and joint projects, including the Kamena Vourla works where a friendly settlement with AEGEK is pending 1. The parent company holds the investments and the financing within the group structure 1.
Segments
Market context
The group works in the construction market of Greece and the Balkans, where bank financing for private projects without strong guarantees is limited 1. The Greek economy grew 2.1 percent in 2025 on preliminary data, and the Bank of Greece expects similar growth in 2026 and 2027 1.
Market risks include inflation, which rose in April 2026, energy costs and a possible tightening of ECB monetary policy 1. These could affect the group's financing costs and clients' ability to pay 1.
Trends
- EU recovery fundstailwind
Absorption of Recovery and Resilience Facility funds is high, with Greece ranking among the top countries by share of GDP 1. This could support public works orders if projects are delivered on time 1.
- Court delays and collectionsheadwind
Delayed court rulings keep significant public-works receivables blocked and weigh on cash flow 1. The report links this issue to the company's liquidity risk 1.
- Cost of financingheadwind
Interest rates could rise if inflation persists, raising financial costs for a group with heavy debt 1. The report shows the sensitivity to a 1 percent rate change 1.
- Renewable energymixed
A higher share of renewables and investment in energy storage could open new project opportunities 1. The effect depends on securing financing and executing the projects 1.
Competitive position
The annual report provided does not explicitly name the group's competitors. The company operates in the Greek construction and energy project market, where it generally participates in consortia with other large firms 1.
In international construction markets, competition comes from firms with stronger capital and access to financing, which could reduce the group's chances in large contracts if liquidity does not improve 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 / ΠΡΟΟΔΕΥΤΙΚΗ ΑΝΩΝΥΜΟΣ ΤΕΧΝΙΚΗ ΕΤΑΙΡΕΙΑ · 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.