Piraeus Bank S.A. provides banking products and services in Greece and internationally.
Very undervalued with adequate balance sheet.
Share Price & News
How has Piraeus Bank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 0RTY's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 0RTY exceeded the UK Banks industry which returned -33.5% over the past year.
Return vs Market: 0RTY exceeded the UK Market which returned -22.7% over the past year.
Price Volatility Vs. Market
How volatile is Piraeus Bank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Piraeus Bank undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 0RTY (€1.18) is trading below our estimate of fair value (€1.56)
Significantly Below Fair Value: 0RTY is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 0RTY is good value based on its PE Ratio (2.4x) compared to the Banks industry average (4.6x).
PE vs Market: 0RTY is good value based on its PE Ratio (2.4x) compared to the UK market (12.5x).
Price to Earnings Growth Ratio
PEG Ratio: 0RTY is good value based on its PEG Ratio (0.1x)
Price to Book Ratio
PB vs Industry: 0RTY is good value based on its PB Ratio (0.1x) compared to the GB Banks industry average (0.5x).
How is Piraeus Bank forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 0RTY's forecast earnings growth (19.4% per year) is above the savings rate (0.5%).
Earnings vs Market: 0RTY's earnings (19.4% per year) are forecast to grow faster than the UK market (15.4% per year).
High Growth Earnings: 0RTY's earnings are forecast to grow, but not significantly.
Revenue vs Market: 0RTY's revenue is expected to decline over the next 3 years (-2% per year).
High Growth Revenue: 0RTY's revenue is forecast to decline over the next 3 years (-2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 0RTY's Return on Equity is forecast to be low in 3 years time (4.8%).
How has Piraeus Bank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 0RTY has a high level of non-cash earnings.
Growing Profit Margin: 0RTY's current net profit margins (18.1%) are lower than last year (34.7%).
Past Earnings Growth Analysis
Earnings Trend: 0RTY has become profitable over the past 5 years, growing earnings by 71.2% per year.
Accelerating Growth: 0RTY's earnings growth over the past year (381%) exceeds its 5-year average (71.2% per year).
Earnings vs Industry: 0RTY earnings growth over the past year (381%) exceeded the Banks industry 29.6%.
Return on Equity
High ROE: 0RTY's Return on Equity (2.7%) is considered low.
How is Piraeus Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: 0RTY has a low level of unsold assets or inventory.
Debt Coverage by Assets: 0RTY's debt is covered by short term assets (assets are 1.3x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 0RTY is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: 0RTY is profitable, therefore cash runway is not a concern.
Financial Institutions Analysis
Asset Level: 0RTY's level of assets compared to its equity is low.
Allowance for Bad Loans: 0RTY has a low allowance for bad loans.
Low Risk Liabilities: 0RTY's liabilities are made up of primarily low risk sources of funding.
Loan Level: 0RTY has an acceptable proportion of non-loan assets held.
Low Risk Deposits: 0RTY's loans are broadly funded by customer deposits.
Level of Bad Loans: 0RTY has a high level of bad loans (54.63%)
What is Piraeus Bank's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 0RTY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 0RTY's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 0RTY's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 0RTY's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 0RTY is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 0RTY's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Chris Megalou (60yo)
Mr. Christos Ioannis Megalou, also known as Chris, is currently the Founder and Managing Director of Tite Capital Limited, a private financial consultancy company based in London. Mr. Megalou is a senior i ...
|MD & Executive Director||3yrs||no data||no data|
|GM & Group CFO||0.67yr||no data||no data|
|Executive GM & Group COO||1.17yrs||no data||no data|
|General Director of Corporate Governance & Administration and Group General Counsel||no data||no data||no data|
|IR Director||no data||no data||no data|
|Chief Transformation Officer & Advisor to Management||no data||no data||no data|
|Deputy MD & Executive Director||3.75yrs||no data||no data|
|Head of Group Risk Management||no data||no data||no data|
|Head of Internal Audit Division||3.58yrs||no data||no data|
|Deputy Chief Financial Officer||no data||no data||no data|
Experienced Management: 0RTY's management team is considered experienced (3 years average tenure).
|MD & Executive Director||3yrs||no data||no data|
|Independent Non Executive Director||3.17yrs||no data||no data|
|Independent Non-Executive Member||3.33yrs||no data||no data|
|Chairman Emeritus||3.67yrs||no data||no data|
|Independent Vice Chairman||3yrs||no data||no data|
|Chairman of the Board||3.33yrs||no data||no data|
|Independent Non-Executive Member||4.17yrs||no data||no data|
|Independent Non-Executive Member||3.75yrs||no data||no data|
|Non-Executive Director||4.17yrs||no data||no data|
|Non-Executive Director||3.33yrs||no data||no data|
Experienced Board: 0RTY's board of directors are considered experienced (3.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Piraeus Bank S.A.'s company bio, employee growth, exchange listings and data sources
- Name: Piraeus Bank S.A.
- Ticker: 0RTY
- Exchange: LSE
- Founded: 1916
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: €539.199m
- Shares outstanding: 436.60m
- Website: https://www.piraeusbank.gr
Number of Employees
- Piraeus Bank S.A.
- 4, Amerikis Street
- 105 64
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TPEIR||ATSE (The Athens Stock Exchange)||EUR6.00(POST CONSOLIDATION)||GR||EUR||No data|
|0RTY||LSE (London Stock Exchange)||EUR6.00(POST CONSOLIDATION)||GB||EUR||No data|
|TPEIR||ATSE (The Athens Stock Exchange)||EUR0.30||GR||EUR||No data|
|TPEIR||ATSE (The Athens Stock Exchange)||Yes||Ordinary Registered Shares||GR||EUR||Jul 1993|
|BPIR.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Registered Shares||US||USD||Jul 1993|
|0RTY||LSE (London Stock Exchange)||Yes||Ordinary Registered Shares||GB||EUR||Jul 1993|
|BKP6||DB (Deutsche Boerse AG)||Yes||Ordinary Registered Shares||DE||EUR||Jul 1993|
|BPIR.Y||OTCPK (Pink Sheets LLC)||SPON ADR EACH REP 2 ORD SHS (POST SPLT)||US||USD||Oct 2008|
|BKPE||DB (Deutsche Boerse AG)||SPON ADR EACH REP 2 ORD SHS (POST SPLT)||DE||EUR||Oct 2008|
Piraeus Bank S.A. provides banking products and services in Greece and internationally. The company operates through Retail Banking, Corporate Banking, Piraeus Financial Markets, and Other segments. It offers time, structured, saving, current, and business accounts; mortgage, consumer, personal, home improvement, farming, restructuring, working capital, project, and real estate loans; overdrafts; and credit, debit, and prepaid cards. The company also provides mutual funds, treasury bonds, equities, exchange traded funds, dual currency deposits, treasury interest-bearing notes, asset management solutions, and gold sovereigns and gold bars; and car, home, civil liability, health, endowment, accident/life, lifestyle, agricultural, business premise, civil liability, photovoltaic park, trade credit, and corporate insurance products. In addition, it offers financial planning, payment/remittance, bills of exchange collection, cash management, import-export settlement, payroll, foreign exchange, risk management, issue of letters of guarantee, factoring, leasing, and Web banking services. Further, the company manages industrial and city link areas; collects commercial debts; offers venture capital fund and yachting management services. Additionally, it provides shopping center’s management, hotel training and seminars consulting, vehicle trading, insurance brokerage, financial and consulting, and payroll and labor affairs counseling services, as well as generates renewable energy. The company operates food and entertainment halls; and provides stock exchange, property development/holding and management, logistic, real estate sale and purchase, debt securities issuance, telecommunication and IT, travel rental, wind energy park exploitation, real estate development and investment consultancy, and investment advice services. The company operates 553 branches. It has strategic agreement with Intrum. Piraeus Bank S.A. was founded in 1916 and is headquartered in Athens, Greece.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/30 21:55|
|End of Day Share Price||2020/03/30 00:00|
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.