Piraeus Financial Holdings (DB:BKP) - Stock Price, News & Analysis

BKP Stock Overview

Provides banking products and services in Greece and internationally. More details

BKP fundamental analysis
Snowflake Score
Valuation	6/6
Future Growth	0/6
Past Performance	5/6
Financial Health	4/6
Dividends	3/6

Rewards

Trading at 68.3% below our estimate of its fair value

Earnings grew by 47% over the past year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 57%

Risk Analysis

Earnings are forecast to decline by an average of 1.7% per year for the next 3 years

Piraeus Financial Holdings S.A. Competitors

Commerzbank

XTRA:CBK

€16.9b

ProCredit Holding

XTRA:PCZ

€461.8m

Merkur PrivatBank KgaA

XTRA:MBK

€108.9m

Saudi Investment Bank

SASE:1030

ر.س17.4b

Price History & Performance

Summary of all time highs, changes and price drops for Piraeus Financial Holdings
Historical stock prices
Current Share Price	€3.54
52 Week High	€4.16
52 Week Low	€3.05
Beta	1.67
11 Month Change	-0.085%
3 Month Change	-5.38%
1 Year Change	12.21%
33 Year Change	176.33%
5 Year Change	-92.96%
Change since IPO	-98.93%

Recent updates

Shareholder Returns

	BKP	DE Banks	DE Market
7D	-2.3%	-1.8%	0.8%
1Y	12.2%	19.4%	8.6%

Return vs Industry: BKP underperformed the German Banks industry which returned 19.4% over the past year.

Return vs Market: BKP exceeded the German Market which returned 8.6% over the past year.

Price Volatility

Is BKP's price volatile compared to industry and market?
BKP volatility
BKP Average Weekly Movement	5.1%
Banks Industry Average Movement	3.0%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.9%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: BKP has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: BKP's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1916	7,912	Chris Megalou	www.piraeusholdings.gr

Piraeus Financial Holdings S.A., together with its subsidiaries, provides banking products and services in Greece and internationally. It operates through Retail Banking, Corporate Banking, Piraeus Financial Markets, Other, and NPE Management Unit segments. The company offers saving, current, term, blocked, guaranteed, and other deposits; retail lending products, such as mortgages, consumer, personal, and other retail loans, as well as credit cards; and corporate lending for large corporations, small and medium-sized enterprises, as well as for public sectors.

Piraeus Financial Holdings S.A. Fundamentals Summary

How do Piraeus Financial Holdings's earnings and revenue compare to its market cap?
BKP fundamental statistics
Market cap	€4.36b
Earnings (TTM)	€1.10b
Revenue (TTM)	€2.73b

4.0x

P/E Ratio

0.5x

P/B Ratio

Is BKP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BKP income statement (TTM)
Revenue	€2.73b
Cost of Revenue	€0
Gross Profit	€2.73b
Other Expenses	€1.63b
Earnings	€1.10b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.88
Gross Margin	100.00%
Net Profit Margin	40.18%
Debt/Equity Ratio	99.3%

How did BKP perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

7%

Payout Ratio

BKP Stock Overview

Rewards

Risk Analysis

Piraeus Financial Holdings S.A. Competitors

XTRA:CBK

€16.9b

XTRA:PCZ

€461.8m

XTRA:MBK

€108.9m

SASE:1030

ر.س17.4b

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings released: EPS: €0.26 (vs €0.22 in 3Q 2023)

Second quarter 2024 earnings released: EPS: €0.25 (vs €0.096 in 2Q 2023)

Upcoming dividend of €0.063 per share

First quarter 2024 earnings released: EPS: €0.18 (vs €0.14 in 1Q 2023)

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: €0.63 (vs €0.72 in FY 2022)

Recent updates

Third quarter 2024 earnings released: EPS: €0.26 (vs €0.22 in 3Q 2023)

Second quarter 2024 earnings released: EPS: €0.25 (vs €0.096 in 2Q 2023)

Upcoming dividend of €0.063 per share

First quarter 2024 earnings released: EPS: €0.18 (vs €0.14 in 1Q 2023)

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: €0.63 (vs €0.72 in FY 2022)

Piraeus Financial Holdings S.A. to Report Nine Months, 2024 Results on Nov 04, 2024

Trastor Real Estate Investment Company SA (ATSE:TRASTOR) acquired Pileas Real Estate - Commercial S.A from Piraeus Financial Holdings S.A. (ATSE:TPEIR).

Third quarter 2023 earnings released: EPS: €0.22 (vs €0.091 in 3Q 2022)

Now 22% undervalued

Second quarter 2023 earnings released: EPS: €0.096 (vs €0.074 in 2Q 2022)

Now 21% undervalued

Investor sentiment improves as stock rises 16%

Piraeus Financial Holdings S.A., Annual General Meeting, Jun 27, 2023

Investor sentiment improves as stock rises 16%

First quarter 2023 earnings released: EPS: €0.13 (vs €0.42 in 1Q 2022)

Investor sentiment deteriorates as stock falls 16%

Full year 2022 earnings released: EPS: €0.72 (vs €3.50 loss in FY 2021)

Piraeus Financial Holdings S.A. to Report First Half, 2023 Results on Jul 31, 2023

Third quarter 2022 earnings released: EPS: €0.091 (vs €0.51 loss in 3Q 2021)

Second quarter 2022 earnings released: EPS: €0.074 (vs €2.49 loss in 2Q 2021)

First quarter 2022 earnings released: EPS: €0.42 (vs €8.02 loss in 1Q 2021)

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Now 25% undervalued

Piraeus Financial Holdings S.A. to Report First Half, 2022 Results on Aug 03, 2022

Now 21% undervalued

Third quarter 2021 earnings released: €0.51 loss per share (vs €0.11 profit in 3Q 2020)

Intrum AB (publ) (OM:INTRUM) completed the acquisition of 30% stake in Portfolio of Mezzanine Notes of the Vega securitization from Piraeus Financial Holdings S.A. (ATSE:TPEIR).

Intrum AB (publ) (OM:INTRUM) and Serengeti Asset Management LP reached definitive agreements to acquire Sunrise I portfolio of non-performing exposures of Piraeus Financial Holdings S.A. (ATSE:TPEIR).

First quarter 2021 earnings released: €8.02 loss per share (vs €8.69 loss in 1Q 2020)

Full year 2020 earnings released: €1.49 loss per share (vs €0.62 profit in FY 2019)

Euronet Worldwide, Inc. (NasdaqGS:EEFT) agreed to acquire Piraeus Bank Merchant Acquiring (PBMA) Business of Piraeus Bank for €300 million.

Piraeus Financial Holdings S.A.(ATSE:TPEIR) dropped from FTSE All-World Index (USD)

Investor sentiment improved over the past week

Piraeus Bank S.A. Determines Six-Member Audit Committee

Intrum AB (publ) (OM:INTRUM) has reached an agreement to acquire A portfolio of retail, SB and leasing Non-Performing Exposures of Piraeus Bank S.A. (ATSE:TPEIR) for €42 million.

New 90-day high: €1.25

Third quarter 2020 earnings released: EPS €0.01

Market bids up stock over the past week

NewCo United Group Hellas S.A.R.L. acquired an additional 9.45% stake in Hellenic Company for Telecommunications and Telematic Applications S.A. (ATSE:FORTH) from Piraeus Bank S.A. (ATSE:TPEIR)

Piraeus Bank S.A. to Report Nine Months, 2020 Results on Nov 23, 2020

New 90-day low: €1.00

Davidson Kempner Capital Management LP completed the acquisition of Corporate Non-Performing Exposures of Piraeus Bank S.A. (ATSE:TPEIR).

New 90-day low: €1.10

United Group B.V. completed the acquisition of 36% stake in Hellenic Company for Telecommunications and Telematic Applications S.A. (ATSE:FORTH) from Piraeus Bank S.A. (ATSE:TPEIR), National Bank of Greece S.A. (ATSE:ETE), Alpha Bank A.E. (ATSE:ALPHA) and Attica Bank S.A. (ATSE:TATT).

First half earnings released