Stock Analysis
Eurobank Ergasias Services and Holdings (ATH:EUROB) Full Year 2023 Results
Key Financial Results
- Revenue: €2.51b (down 7.8% from FY 2022).
- Net income: €1.29b (down 3.9% from FY 2022).
- Profit margin: 52% (up from 50% in FY 2022). The increase in margin was driven by lower expenses.
- EPS: €0.35 (down from €0.36 in FY 2022).
EUROB Banking Performance Indicators
- Net interest margin (NIM): 2.75% (up from 1.91% in FY 2022).
- Cost-to-income ratio: 32.2% (up from 31.6% in FY 2022).
- Non-performing loans: 3.53% (down from 5.19% in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Eurobank Ergasias Services and Holdings Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates by 3.3%.
Looking ahead, revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Banks industry in Greece.
Performance of the Greek Banks industry.
The company's share price is broadly unchanged from a week ago.
Valuation
Our analysis of Eurobank Ergasias Services and Holdings based on 6 different valuation metrics shows it might be undervalued. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.
Valuation is complex, but we're helping make it simple.
Find out whether Eurobank Ergasias Services and Holdings is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About ATSE:EUROB
Eurobank Ergasias Services and Holdings
Eurobank Ergasias Services and Holdings S.A., together with its subsidiaries, provides retail banking, corporate and private banking, asset management, treasury, capital market, and other services primarily in Greece, rest of Europe, and internationally.
Good value with adequate balance sheet.
