Hellenic Telecommunications Organization S.A. (HTO.AT)

Hellenic Telecommunications Organization S.A. (HTO.AT) — VMCI valuation read

Hellenic Telecommunications Organization S.A. sits at VMCI 62/100, with the Communication Services sector median at 50. That 12-point spread is the first thing to note on HTO.AT: it tells the reader the composite is favorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on HTO.AT are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on HTO.AT: HTO.AT trades at 20.0x earnings, 11% above the Communication Services median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 16.0% sits 6.0pp above the Communication Services median (10.0%). The Risk read: net debt to EBITDA of -0.5x leaves covenant headroom, anchoring the bear scenario on a measurable balance-sheet metric.

HTO.AT rose 2.0% over the trailing 7 days, with a +7.7% read on a 30-day basis.