Loading...

Piraeus Bank

LSE:0RTY
Snowflake Description

Good value with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0RTY
LSE
€777M
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

Piraeus Bank S.A., together with its subsidiaries, provides banking products and services in Europe. The last earnings update was 16 days ago. More info.


Add to Portfolio Compare Print
  • Piraeus Bank has significant price volatility in the past 3 months.
0RTY Share Price and Events
7 Day Returns
-9.5%
LSE:0RTY
1%
GB Banks
0.6%
GB Market
1 Year Returns
-
LSE:0RTY
-8.7%
GB Banks
1.1%
GB Market
0RTY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Piraeus Bank (0RTY) -9.5% 30.4% 142.3% - -62.1% -100%
GB Banks 1% 4.3% 4.4% -8.7% 17% -11.2%
GB Market 0.6% 2.6% 6.9% 1.1% 15.6% 6.2%
1 Year Return vs Industry and Market
  • No trading data on 0RTY.
  • No trading data on 0RTY.
Price Volatility
0RTY
Industry
5yr Volatility vs Market

Value

 Is Piraeus Bank 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 Piraeus Bank 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 Piraeus Bank.

LSE:0RTY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 8 analysts.
= Stable Book Value * Return on Equity
= €13.19 * 2.3%
€0.30
Book Value of Equity per Share Weighted future Book Value estimates from 10 analysts. €13.19
Discount Rate (Cost of Equity) See below 31.2%
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:0RTY
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%) (822.43%))
3.048
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (2 * 14.99%)
31.21%

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

The calculations below outline how an intrinsic value for Piraeus Bank 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:0RTY Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (2.3% – 31.21%) * €13.19)
€-3.82
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-3.82 / (31.21% - 1.23%)
€-12.73
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €13.19 + €-12.73
€0.45
LSE:0RTY Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0RTY represents 0.94045x of ATSE:TPEIR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.94045x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 0.45 x 0.94045
€0.43
Value per share (EUR) From above. €0.43
Current discount Discount to share price of €1.67
= -1 x (€1.67 - €0.43) / €0.43
-291.7%

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

  • The current share price of Piraeus Bank 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 Piraeus Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Piraeus Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0RTY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.42
ATSE:TPEIR Share Price ** ATSE (2019-04-18) in EUR €1.78
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 Piraeus Bank.

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

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

= 1.78 ÷ 0.42

4.22x

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

  • Piraeus Bank is good value based on earnings compared to the GB Banks industry average.
  • Piraeus Bank is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Piraeus Bank's expected growth come at a high price?
Raw Data
LSE:0RTY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
5.2%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:0RTY PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.22x ÷ 5.2%

0.81x

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

  • Piraeus Bank is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Piraeus Bank's assets?
Raw Data
LSE:0RTY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €16.94
ATSE:TPEIR Share Price * ATSE (2019-04-18) in EUR €1.78
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:0RTY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.78 ÷ 16.94

0.11x

* Primary Listing of Piraeus Bank.

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

  • Piraeus Bank is good value based on assets compared to the GB Banks industry average.
X
Value checks
We assess Piraeus Bank'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. Piraeus Bank has a total score of 4/6, 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 Piraeus Bank 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
5.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Piraeus Bank expected to grow at an attractive rate?
  • Piraeus Bank's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Piraeus Bank's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Piraeus Bank'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:0RTY Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0RTY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 5.2%
LSE:0RTY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 10%
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:0RTY 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:0RTY Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,749 171 5
2020-12-31 1,738 207 11
2019-12-31 1,799 103 4
LSE:0RTY Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,305 -4,325 184
2018-09-30 217 -4,035 56
2018-06-30 110 -4,989 -56
2018-03-31 137 -1,841 -70
2017-12-31 39 684 -8
2017-09-30 1,078 -1,372 7
2017-06-30 1,167 -1,704 52
2017-03-31 1,201 -1,904 64
2016-12-31 1,216 -2,447 37
2016-09-30 207 -2,562 -1,223
2016-06-30 270 -1,338 -748
2016-03-31 -1,137 6,441 -1,829

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Piraeus Bank's earnings are expected to grow by 5.2% yearly, however this is not considered high growth (20% yearly).
  • Piraeus Bank's revenue is expected to grow by 10% yearly, however this is not considered high growth (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:0RTY 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 Piraeus Bank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0RTY Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.35 0.54 0.00 3.00
2020-12-31 0.45 0.71 0.33 6.00
2019-12-31 0.24 0.26 0.22 4.00
LSE:0RTY Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.42
2018-09-30 0.13
2018-06-30 -0.13
2018-03-31 -0.16
2017-12-31 -0.02
2017-09-30 0.02
2017-06-30 0.12
2017-03-31 0.15
2016-12-31 0.08
2016-09-30 -3.26
2016-06-30 -2.60
2016-03-31 -9.18

*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.
  • Piraeus Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Piraeus Bank'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.
Piraeus Bank has a total score of 2/6, 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 Piraeus Bank 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 Piraeus Bank'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.
  • Piraeus Bank has delivered over 20% year on year earnings growth in the past 5 years.
  • Piraeus Bank has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Piraeus Bank has become profitable in the last year making it difficult to compare the GB Banks industry average.
Earnings and Revenue History
Piraeus Bank'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 Piraeus Bank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0RTY 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 1,305.00 184.00 925.00
2018-09-30 216.62 56.42 1,171.06
2018-06-30 109.97 -56.02 1,053.63
2018-03-31 137.46 -70.22 1,052.54
2017-12-31 39.00 -8.00 1,003.00
2017-09-30 1,078.11 7.44 976.77
2017-06-30 1,167.23 52.48 1,014.94
2017-03-31 1,201.31 63.68 1,062.84
2016-12-31 1,216.19 36.79 1,100.31
2016-09-30 207.39 -1,223.47 1,193.41
2016-06-30 270.33 -747.98 1,210.30
2016-03-31 -1,136.87 -1,828.63 1,235.07
2015-12-31 -1,114.07 -1,858.22 1,261.15
2015-09-30 -325.08 -922.81 1,199.16
2015-06-30 -2,381.78 -2,982.68 1,232.22
2015-03-31 -1,073.44 -1,757.33 1,261.75
2014-12-31 -1,305.12 -1,938.35 1,281.86
2014-09-30 -1,266.41 -2,335.70 1,429.89
2014-06-30 471.28 -1,055.31 1,487.31
2014-03-31 72.50 -1,328.76 1,504.45
2013-12-31 -67.60 2,532.18 1,420.52
2013-09-30 33.60 3,348.88 1,314.83
2013-06-30 -228.09 3,352.49 1,127.80
2013-03-31 -372.48 3,059.21 938.70
2012-12-31 -511.87 -511.61 852.48
2012-09-30 -6,332.21 -6,069.01 772.54
2012-06-30 -6,331.98 -6,150.05 749.17

*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.
  • Piraeus Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Piraeus Bank used its assets less efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if Piraeus Bank 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 Piraeus Bank'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.
Piraeus Bank has a total score of 1/6, 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 Piraeus Bank'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 Piraeus Bank'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 Piraeus Bank Company Filings, last reported 3 months ago.

LSE:0RTY Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 7,506.00 6,387.00 6,286.00
2018-09-30 7,400.51 5,631.54 4,186.48
2018-06-30 7,346.95 6,478.36 1,821.05
2018-03-31 7,842.03 9,664.02 2,087.97
2017-12-31 9,544.00 12,214.00 4,574.00
2017-09-30 9,723.68 14,869.82 3,064.79
2017-06-30 9,747.73 21,685.02 2,827.34
2017-03-31 9,799.13 24,180.73 2,366.63
2016-12-31 9,823.74 27,981.53 2,919.10
2016-09-30 9,964.16 29,863.81 3,019.41
2016-06-30 9,928.83 32,418.23 3,416.28
2016-03-31 9,947.20 34,431.47 3,079.33
2015-12-31 10,020.53 35,350.05 2,720.98
2015-09-30 6,723.69 37,653.07 2,793.18
2015-06-30 6,129.86 38,839.63 3,189.97
2015-03-31 7,237.58 32,381.33 3,002.75
2014-12-31 7,322.24 25,171.54 3,434.06
2014-09-30 7,768.88 21,621.60 2,781.38
2014-06-30 9,366.07 22,877.41 2,841.68
2014-03-31 8,319.63 24,584.70 2,645.22
2013-12-31 8,542.90 27,216.64 2,415.52
2013-09-30 9,222.42 26,849.06 2,813.48
2013-06-30 9,462.38 28,552.80 2,754.38
2013-03-31 1,300.73 29,350.73 2,855.59
2012-12-31 -2,324.31 33,944.09 3,310.36
2012-09-30 -2,390.36 34,836.45 2,909.58
2012-06-30 -2,269.71 28,042.39 2,634.70
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.
  • Piraeus Bank has an acceptable proportion of non-loan assets held.
  • Piraeus Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Piraeus Bank are broadly funded by customer deposits.
  • Piraeus Bank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Piraeus Bank has a low allowance for bad loans.
  • Piraeus Bank has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Piraeus Bank'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. Piraeus Bank 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 Piraeus Bank'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 Piraeus Bank dividends. Estimated to be 0% next year.
If you bought €2,000 of Piraeus Bank 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 Piraeus Bank's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Piraeus Bank'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:0RTY 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:0RTY 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:0RTY Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2009-10-30 0.000 0.000
2009-08-26 0.000 0.000
2009-04-21 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 Piraeus Bank has not reported any payouts.
  • Unable to verify if Piraeus Bank's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Piraeus Bank's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Piraeus Bank has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Piraeus Bank'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 Piraeus Bank'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 Piraeus Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Piraeus Bank 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 Piraeus Bank'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
Chris Megalou
AGE 59
TENURE AS CEO 2.1 years
CEO Bio

Christos I. Megalou is a senior international banker with over 30 years of experience in management, banking and finance, investment banking, mergers and acquisitions and capital markets. Mr. Megalou is currently the Founder and Managing Director of Tite Capital Limited, a private financial consultancy company based in London. He is also an Associate of Eilon Associates, an independent corporate finance advisory firm. Since 2016, he has been a Distinguished Fellow of the Global Federation of Competitiveness Councils in Washington, D.C. From 2013 to 2015, Mr. Megalou was Chief Executive Officer and Chairman of the Executive Board of Eurobank Ergasias SA, one of the four Systemic banks in Greece. From 2010 to 2013, Mr. Megalou served as Chairman of the Hellenic Bankers Association in the United Kingdom. From 1997 to 2013, he was Vice-Chairman of Southern Europe, Co-head of Investment Banking for Southern Europe and Managing Director in the Investment Banking Division of Credit Suisse in London. From 1991 to 1997, he was a Director at Barclays de Zoete Wedd. He is a member of the Board of Directors of Safe Bulkers Inc., a New York Stock Exchange listed externally-managed provider of marine drybulk transportation services, transporting bulk cargoes along worldwide shipping routes. He received a Bachelor of Science in Economics from the University of Athens and holds a Master of Business Administration in Finance from Aston University in Birmingham, United Kingdom.

CEO Compensation
  • Insufficient data for Chris to compare compensation growth.
  • Insufficient data for Chris 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 of the Piraeus Bank management team in years:

2.7
Average Tenure
  • The tenure for the Piraeus Bank management team is about average.
Management Team

Chris Megalou

TITLE
MD & Executive Director
AGE
59
TENURE
2.1 yrs

Konstantinos Paschalis

TITLE
GM & Group CFO
TENURE
2.8 yrs

Dimitris Mavrogiannis

TITLE
Executive GM & Group COO
TENURE
0.3 yrs

George Liakopoulos

TITLE
General Director of Corporate Governance & Administration and Group General Counsel
AGE
59

Chryssanthi Berbati

TITLE
IR Director

Alexandros Manos

TITLE
Chief Transformation Officer & Advisor to Management

George Poulopoulos

TITLE
Deputy MD & Executive Director
TENURE
2.8 yrs

Kotsakou Panagiota

TITLE
Head of Group Risk Management

Panagiotis Tsoukatos

TITLE
Head of Internal Audit Division
TENURE
2.7 yrs

George Marinopoulos

TITLE
Deputy Chief Financial Officer
Board of Directors Tenure

Average tenure and age of the Piraeus Bank board of directors in years:

2.4
Average Tenure
65
Average Age
  • The average tenure for the Piraeus Bank board of directors is less than 3 years, this suggests a new board.
Board of Directors

George Handjinicolaou

TITLE
Chairman of the Board
AGE
65
TENURE
2.4 yrs

Chris Megalou

TITLE
MD & Executive Director
AGE
59
TENURE
2.1 yrs

Karel De Boeck

TITLE
Vice Chairman
AGE
69
TENURE
2.2 yrs

Michalis Sallas

TITLE
Chairman Emeritus
AGE
68
TENURE
2.8 yrs

George Georgakopoulos

TITLE
Executive Director & Executive GM of Piraeus Legacy Unit
AGE
49
TENURE
1.3 yrs

David Hexter

TITLE
Independent Non-Executive Member
AGE
69
TENURE
3.3 yrs

Arne Berggren

TITLE
Independent Non-Executive Member
AGE
60
TENURE
2.8 yrs

Alex Blades

TITLE
Non-Executive Director
AGE
48
TENURE
3.3 yrs

Solomon Berahas

TITLE
Non-Executive Director
AGE
65
TENURE
2.4 yrs

Enrico Tommaso Cucchiani

TITLE
Independent Non-Executive Member
AGE
68
TENURE
2.4 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 Piraeus Bank'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. Piraeus Bank 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

Piraeus Bank S.A., together with its subsidiaries, provides banking products and services in Europe. The company’s Retail Banking segment offers deposits, loans, working capital, imports-exports, letters of guarantee, etc. to retail customers and small-medium companies. Its Corporate Banking segment provides deposits, loans, syndicated loans, project financing, working capital, imports – exports, letters of guarantees, etc. to large and maritime companies. Its Investment Banking segment offers investment and advisory, underwriting and public listings, stock exchange services, etc. Its Asset Management and Treasury segment provides wealth and mutual funds management, and treasury services. Its Other segment engages in the real estate, IT activities, etc. It also offers debt securities issue, finance and operating leases, corporate factoring, city link areas and property management, call center, construction, rent and management of real estate, land and property development, and tourism and development services. In addition, the company develops/manages industrial areas; and assesses and collects commercial debts, as well as engages in venture capital fund and yachting management businesses. Further, it provides shopping center’s management; hotel training and seminars consulting; insurance and reinsurance brokerage; vehicle trading; accounting and tax consulting; and payroll and labor affairs counseling services, as well as exploits and generates energy through renewable energy resources. Additionally, the company operates food and entertainment halls; engages in stock exchange operations and real estate investment businesses; and provides telecommunication and IT services, support and e-commerce services, travel - rental services, wind energy park exploitation, consultancy services for real estate development and investments, and investment advice. It operates approximately 620 branches. The company was founded in 1916 and is headquartered in Athens, Greece.

Details
Name: Piraeus Bank S.A.
0RTY
Exchange: LSE
Founded: 1916
€776,598,045
436,291,037
Website: http://www.piraeusbank.gr
Address: Piraeus Bank S.A.
4, Amerikis Street,
Athens,
105 64,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ATSE TPEIR Ordinary Registered Shares The Athens Stock Exchange GR EUR 26. Jul 1993
OTCPK BPIR.F Ordinary Registered Shares Pink Sheets LLC US USD 26. Jul 1993
DB BKP6 Ordinary Registered Shares Deutsche Boerse AG DE EUR 26. Jul 1993
LSE 0RTY Ordinary Registered Shares London Stock Exchange GB EUR 26. Jul 1993
OTCPK BPIR.Y SPONSORD ADR NEW Pink Sheets LLC US USD 22. Oct 2008
ATSE TPEIR EUR6.00(POST CONSOLIDATION) The Athens Stock Exchange GR EUR 20. Apr 2019
ATSE TPEIR EUR0.30 The Athens Stock Exchange GR EUR 20. Apr 2019
DB BKPE SPONSORD ADR NEW Deutsche Boerse AG DE EUR 22. Oct 2008
LSE 0RTY EUR6.00(POST CONSOLIDATION) London Stock Exchange GB EUR 20. Apr 2019
Number of employees
Current staff
Staff numbers
12,616
Piraeus Bank employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 21:04
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/16
Last earnings filing: 2019/04/04
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.