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Alpha Bank A.E

LSE:0RCS
Snowflake Description

High growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0RCS
LSE
€2B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

Alpha Bank A.E., together with its subsidiaries, provides various banking and financial products and services to individuals, professionals, and companies in Greece and internationally. The last earnings update was 25 days ago. More info.


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  • Alpha Bank A.E has significant price volatility in the past 3 months.
0RCS Share Price and Events
7 Day Returns
-3.9%
LSE:0RCS
1%
GB Banks
0.6%
GB Market
1 Year Returns
-25.1%
LSE:0RCS
-8.7%
GB Banks
1.1%
GB Market
0RCS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Alpha Bank A.E (0RCS) -3.9% 11.1% 51.2% -25.1% -26.2% -95.9%
GB Banks 1% 7.9% 4.8% -8.7% 17% -11.2%
GB Market 0.6% 3.6% 6.9% 1.1% 15.6% 6.2%
1 Year Return vs Industry and Market
  • 0RCS underperformed the Banks industry which returned -8.7% over the past year.
  • 0RCS underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.1% over the past year.
Price Volatility
0RCS
Industry
5yr Volatility vs Market

Value

 Is Alpha Bank A.E undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Alpha Bank A.E to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Alpha Bank A.E.

LSE:0RCS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 9 analysts.
= Stable Book Value * Return on Equity
= €5.36 * 2.3%
€0.12
Book Value of Equity per Share Weighted future Book Value estimates from 10 analysts. €5.36
Discount Rate (Cost of Equity) See below 29%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:0RCS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 15%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.593 (1 + (1- 29%) (397.98%))
1.85
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.85
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.85 * 14.99%)
28.96%

Discounted Cash Flow Calculation for LSE:0RCS using Excess Returns Model Model

The calculations below outline how an intrinsic value for Alpha Bank A.E is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:0RCS Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (2.3% – 28.96%) * €5.36)
€-1.43
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-1.43 / (28.96% - 1.23%)
€-5.14
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €5.36 + €-5.14
€0.21
LSE:0RCS Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0RCS represents 0.96939x of ATSE:ALPHA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.96939x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 0.21 x 0.96939
€0.21
Value per share (EUR) From above. €0.21
Current discount Discount to share price of €1.43
= -1 x (€1.43 - €0.21) / €0.21
-590.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Alpha Bank A.E is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Alpha Bank A.E's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Alpha Bank A.E's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0RCS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.03
ATSE:ALPHA Share Price ** ATSE (2019-04-18) in EUR €1.47
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 10.35x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Alpha Bank A.E.

LSE:0RCS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ATSE:ALPHA Share Price ÷ EPS (both in EUR)

= 1.47 ÷ 0.03

42.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Alpha Bank A.E is overvalued based on earnings compared to the GB Banks industry average.
  • Alpha Bank A.E is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Alpha Bank A.E's expected growth come at a high price?
Raw Data
LSE:0RCS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 42.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
44.4%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.86x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

LSE:0RCS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 42.85x ÷ 44.4%

0.96x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Alpha Bank A.E is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Alpha Bank A.E's assets?
Raw Data
LSE:0RCS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €5.25
ATSE:ALPHA Share Price * ATSE (2019-04-18) in EUR €1.47
United Kingdom of Great Britain and Northern Ireland Banks Industry PB Ratio Median Figure of 16 Publicly-Listed Banks Companies 0.88x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.51x
LSE:0RCS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ATSE:ALPHA Share Price ÷ Book Value per Share (both in EUR)

= 1.47 ÷ 5.25

0.28x

* Primary Listing of Alpha Bank A.E.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Alpha Bank A.E is good value based on assets compared to the GB Banks industry average.
X
Value checks
We assess Alpha Bank A.E's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Alpha Bank A.E has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Alpha Bank A.E expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
44.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Alpha Bank A.E expected to grow at an attractive rate?
  • Alpha Bank A.E's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Alpha Bank A.E's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Alpha Bank A.E's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0RCS Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0RCS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 44.4%
LSE:0RCS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 26.2%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:0RCS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0RCS Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,150 253 5
2020-12-31 2,144 183 11
2019-12-31 2,135 111 5
LSE:0RCS Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 861 -2,027 53
2018-09-30 1,348 -4,603 -11
2018-06-30 1,380 -6,357 -16
2018-03-31 1,486 -5,962 108
2017-12-31 1,461 -4,482 90
2017-09-30 1,402 -5,630 158
2017-06-30 1,365 -4,521 162
2017-03-31 1,225 -5,114 71
2016-12-31 1,219 -4,648 19
2016-09-30 744 -4,468 -474
2016-06-30 737 -3,260 -99
2016-03-31 -590 2,835 -1,125

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Alpha Bank A.E's earnings are expected to grow significantly at over 20% yearly.
  • Alpha Bank A.E's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:0RCS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Alpha Bank A.E Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0RCS Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.17 0.20 0.16 4.00
2020-12-31 0.12 0.18 0.08 8.00
2019-12-31 0.07 0.10 0.05 5.00
LSE:0RCS Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.03
2018-09-30 -0.01
2018-06-30 -0.01
2018-03-31 0.07
2017-12-31 0.06
2017-09-30 0.10
2017-06-30 0.11
2017-03-31 0.05
2016-12-31 0.01
2016-09-30 -0.35
2016-06-30 -0.10
2016-03-31 -1.59

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Alpha Bank A.E is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Alpha Bank A.E's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Alpha Bank A.E has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Alpha Bank A.E performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Alpha Bank A.E's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Alpha Bank A.E's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Alpha Bank A.E's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Alpha Bank A.E's 1-year earnings growth is negative, it can't be compared to the GB Banks industry average.
Earnings and Revenue History
Alpha Bank A.E's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Alpha Bank A.E Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0RCS Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 861.28 52.96 1,017.67
2018-09-30 1,348.39 -10.62 1,015.33
2018-06-30 1,379.99 -16.16 1,024.16
2018-03-31 1,486.13 107.55 1,026.48
2017-12-31 1,461.32 89.53 1,034.73
2017-09-30 1,401.62 158.26 1,034.77
2017-06-30 1,365.09 162.30 1,033.36
2017-03-31 1,224.95 71.12 1,037.48
2016-12-31 1,219.12 19.37 1,031.49
2016-09-30 744.08 -474.09 1,032.22
2016-06-30 737.18 -98.77 1,068.89
2016-03-31 -589.66 -1,125.32 1,051.46
2015-12-31 -766.78 -1,236.91 1,078.13
2015-09-30 -817.39 -1,199.53 1,054.59
2015-06-30 -868.30 -1,749.03 1,069.52
2015-03-31 474.68 -337.87 1,137.58
2014-12-31 512.96 -315.02 1,174.37
2014-09-30 894.13 -73.98 1,168.87
2014-06-30 694.34 -163.13 1,192.89
2014-03-31 553.61 -641.87 1,215.67
2013-12-31 437.14 2,979.29 1,221.12
2013-09-30 213.94 2,812.85 1,227.18
2013-06-30 94.24 2,787.42 1,146.28
2013-03-31 26.92 2,753.65 1,069.27
2012-12-31 -182.10 -1,088.02 1,008.31
2012-09-30 -3,892.94 -3,954.71 956.10
2012-06-30 -3,614.19 -3,747.43 976.86

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Alpha Bank A.E has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Alpha Bank A.E used its assets less efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if Alpha Bank A.E improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Alpha Bank A.E's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Alpha Bank A.E has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Alpha Bank A.E's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Alpha Bank A.E's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Alpha Bank A.E Company Filings, last reported 3 months ago.

LSE:0RCS Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 8,143.12 9,031.08 3,413.43
2018-09-30 8,209.30 7,438.72 4,230.58
2018-06-30 8,293.55 6,028.90 2,797.33
2018-03-31 8,376.89 5,419.11 2,768.99
2017-12-31 9,626.69 4,559.48 2,262.40
2017-09-30 9,444.20 4,816.90 1,349.33
2017-06-30 9,457.35 3,774.77 1,357.19
2017-03-31 9,217.73 3,172.92 1,464.46
2016-12-31 9,113.41 2,767.20 2,000.23
2016-09-30 8,945.92 2,904.20 1,782.36
2016-06-30 8,921.85 2,712.00 1,829.57
2016-03-31 8,908.87 2,679.58 1,799.90
2015-12-31 9,053.20 2,612.97 2,308.39
2015-09-30 6,955.83 3,284.78 2,037.59
2015-06-30 6,253.43 3,548.86 2,051.75
2015-03-31 7,379.63 4,467.76 2,571.54
2014-12-31 7,706.55 5,628.32 3,167.16
2014-09-30 8,581.00 5,044.78 3,009.08
2014-06-30 8,899.72 5,168.80 1,715.66
2014-03-31 9,531.20 3,704.67 1,681.08
2013-12-31 8,367.74 4,236.86 2,867.09
2013-09-30 7,857.81 3,556.48 1,937.70
2013-06-30 8,001.27 3,424.40 1,901.27
2013-03-31 3,658.23 3,125.54 2,066.57
2012-12-31 747.50 3,516.67 3,562.80
2012-09-30 891.68 3,215.70 2,077.69
2012-06-30 1,018.87 3,725.36 1,953.41
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Alpha Bank A.E has an acceptable proportion of non-loan assets held.
  • Alpha Bank A.E's liabilities are made up of primarily low risk sources of funding.
  • Loans at Alpha Bank A.E are broadly funded by customer deposits.
  • Alpha Bank A.E's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Alpha Bank A.E has a low allowance for bad loans.
  • Alpha Bank A.E has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Alpha Bank A.E's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Alpha Bank A.E has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Alpha Bank A.E's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Alpha Bank A.E dividends. Estimated to be 0% next year.
If you bought €2,000 of Alpha Bank A.E shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Alpha Bank A.E's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Alpha Bank A.E's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:0RCS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Banks Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.9%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:0RCS Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 2.00
2020-12-31 0.00 6.00
2019-12-31 0.00 7.00
LSE:0RCS Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2009-10-30 0.000 0.000
2009-10-15 0.000 0.000
2009-07-30 0.000 0.000
2009-07-15 0.000 0.000
2009-05-26 0.000 0.000
2009-04-23 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Alpha Bank A.E has not reported any payouts.
  • Unable to verify if Alpha Bank A.E's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Alpha Bank A.E's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Alpha Bank A.E has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Alpha Bank A.E's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.
X
Income/ dividend checks
We assess Alpha Bank A.E's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Alpha Bank A.E afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Alpha Bank A.E has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Alpha Bank A.E's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Vassilios Psaltis
AGE 50
TENURE AS CEO 0.3 years
CEO Bio

Mr. Vassilios E. Psaltis has been Chief Executive Officer of Alpha Bank AE since January 2, 2019. Mr. Psaltis was General Manager and Chief Financial Officer of Alpha Bank AE since 2012 until January 2, 2018 and 2010 until January 2, 2018 respectively. Mr. Psaltis worked as Deputy Chief Financial Officer at ABN AMRO Bank’s Financial Institutions Group in London. He joined Alpha Bank AE in 2007. He has been an Executive Director of Alpha Bank AE since November 29, 2018. He holds an MBA and a PHD from the University of St. Gallen, Switzerland, with a specialization in Banking and Finance.

CEO Compensation
  • Insufficient data for Vassilios to compare compensation growth.
  • Insufficient data for Vassilios to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Alpha Bank A.E management team in years:

2.2
Average Tenure
59
Average Age
  • The tenure for the Alpha Bank A.E management team is about average.
Management Team

Vassilios Psaltis

TITLE
CEO & Executive Director
AGE
50
TENURE
0.3 yrs

Lazaros Papagaryfallou

TITLE
GM & CFO
AGE
47
TENURE
0.2 yrs

Spyros Filaretos

TITLE
Deputy CEO
AGE
60
TENURE
9.5 yrs

Efstathios Kakogiannis

TITLE
Chief Information Officer & Executive GM
AGE
69
TENURE
16.3 yrs

Dimitrios Kostopoulos

TITLE
Manager of Investor Relations Division

Nikolaos Salakas

TITLE
GM and Chief Legal & Governance Officer
TENURE
0.1 yrs

Kyriaki Inempolidi

TITLE
Manager of Marketing and Public Relations Division
TENURE
1.3 yrs

Penelope Konidari

TITLE
Executive General Manager of Human Resources
AGE
60
TENURE
5.8 yrs

Artemios Theodoridis

TITLE
Deputy C.E.O of Non-Performing Loans & Treasury Mgmt
AGE
59
TENURE
2.2 yrs

Spyridon Andronikakis

TITLE
Chief Risk Officer & GM
AGE
58
TENURE
7.1 yrs
Board of Directors Tenure

Average tenure and age of the Alpha Bank A.E board of directors in years:

4.9
Average Tenure
64
Average Age
  • The tenure for the Alpha Bank A.E board of directors is about average.
Board of Directors

Vasileios Rapanos

TITLE
Non-Executive Chairman of the Board
AGE
71
TENURE
4.9 yrs

Vassilios Psaltis

TITLE
CEO & Executive Director
AGE
50
TENURE
0.4 yrs

Yannis Costopoulos

TITLE
Honorary Chairman
AGE
80
TENURE
4.8 yrs

Spyros Filaretos

TITLE
Deputy CEO
AGE
60
TENURE
14.3 yrs

Artemios Theodoridis

TITLE
Deputy C.E.O of Non-Performing Loans & Treasury Mgmt
AGE
59
TENURE
14.3 yrs

Demetrios Mantzounis

TITLE
Non-Executive Director
AGE
71
TENURE
24.3 yrs

Shahzad Shahbaz

TITLE
Non-Executive Independent Director
AGE
58
TENURE
4.9 yrs

Jan Oscar A. Vanhevel

TITLE
Non-Executive Independent Director
AGE
70
TENURE
3 yrs

Richard Paul Gildea

TITLE
Non-Executive Independent Director
AGE
66
TENURE
2.8 yrs

Carolyn Adele Dittmeier

TITLE
Non-Executive Independent Director
AGE
62
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Alpha Bank A.E's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Alpha Bank A.E has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Alpha Bank A.E., together with its subsidiaries, provides various banking and financial products and services to individuals, professionals, and companies in Greece and internationally. The company operates through Retail Banking, Corporate Banking, Asset Management and Insurance, Investment Banking and Treasury, South Eastern Europe, and Other segments. It offers various deposit products, including deposits/savings accounts, working capital/current accounts, investment facilities/term deposits, repos, and swaps; loans comprising mortgage loans, consumer loans, working capital facilities, corporate loans, housing loans, and letters of guarantees; and debit and credit cards. The company also provides leasing and factoring services; asset management and insurance services; stock exchange, advisory, and brokerage services relating to capital markets; and investment banking facilities, as well as deals in interbank market activities. In addition, it offers mutual funds, derivatives, government securities, and structured notes; payroll accounts; standing orders, MiFID, and safe and cash deposit boxes; and imports and exports, custody, underwriting, shipping finance, automated cash transaction, cash management, payment, and international trade services, as well as mobile, Web, and phone banking services. Further, the company engages in the real estate management and hotel businesses. The company was formerly known as Alpha Credit Bank and changed its name to Alpha Bank A.E. in April 2000. Alpha Bank A.E. was founded in 1879 and is headquartered in Athens, Greece.

Details
Name: Alpha Bank A.E.
0RCS
Exchange: LSE
Founded: 1879
€2,269,238,090
1,543,699,381
Website: http://www.alpha.gr
Address: Alpha Bank A.E.
40 Stadiou Street,
Athens,
102 52,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ATSE ALPHA Ordinary Shares The Athens Stock Exchange GR EUR 02. Jan 1992
OTCPK ALBK.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB ACBB Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0RCS Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
OTCPK ALBK.Y SPN ADR EACH REP 0.25 ORD(POST REV SPLIT Pink Sheets LLC US USD 18. Jul 1996
ATSE ALPHA EUR0.3(REV SPLIT) The Athens Stock Exchange GR EUR 02. Dec 2015
DB ACBB EUR0.3(REV SPLIT) Deutsche Boerse AG DE EUR 02. Dec 2015
Number of employees
Current staff
Staff numbers
11,314
Alpha Bank A.E employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 21:17
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/15
Last earnings filing: 2019/03/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.