National Bank of Greece S.A., together with its subsidiaries, provides financial products and services in Greece, the United Kingdom, North Macedonia, Romania, Cyprus, Malta, Egypt, and Luxembourg. More Details
Proven track record with adequate balance sheet.
Share Price & News
How has National Bank of Greece's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ETE is not significantly more volatile than the rest of Greek stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: ETE's weekly volatility (5%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: ETE exceeded the Greek Banks industry which returned -62.4% over the past year.
Return vs Market: ETE exceeded the Greek Market which returned -8.7% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is National Bank of Greece's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StWhat Kind Of Shareholders Hold The Majority In National Bank of Greece S.A.'s (ATH:ETE) Shares?
5 months ago | Simply Wall StWhat Kind Of Shareholders Own National Bank of Greece S.A. (ATH:ETE)?
8 months ago | Simply Wall StCould The National Bank of Greece S.A. (ATH:ETE) Ownership Structure Tell Us Something Useful?
Is National Bank of Greece undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ETE (€2.53) is trading above our estimate of fair value (€1.07)
Significantly Below Fair Value: ETE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ETE is good value based on its PE Ratio (5.8x) compared to the European Banks industry average (13x).
PE vs Market: ETE is good value based on its PE Ratio (5.8x) compared to the Greek market (19.2x).
Price to Earnings Growth Ratio
PEG Ratio: ETE is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: ETE's PB Ratio (0.5x) is in line with the GR Banks industry average.
How is National Bank of Greece forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ETE's forecast earnings growth (4.7% per year) is above the savings rate (3.9%).
Earnings vs Market: ETE's earnings (4.7% per year) are forecast to grow slower than the Greek market (39.6% per year).
High Growth Earnings: ETE's earnings are forecast to grow, but not significantly.
Revenue vs Market: ETE's revenue (0.4% per year) is forecast to grow slower than the Greek market (12.3% per year).
High Growth Revenue: ETE's revenue (0.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ETE's Return on Equity is forecast to be low in 3 years time (7.8%).
How has National Bank of Greece performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ETE has a large one-off loss of €130.0M impacting its December 31 2020 financial results.
Growing Profit Margin: ETE's current net profit margins (28.4%) are higher than last year (17%).
Past Earnings Growth Analysis
Earnings Trend: ETE has become profitable over the past 5 years, growing earnings by 68.5% per year.
Accelerating Growth: ETE's earnings growth over the past year (75.2%) exceeds its 5-year average (68.5% per year).
Earnings vs Industry: ETE earnings growth over the past year (75.2%) exceeded the Banks industry -6.1%.
Return on Equity
High ROE: ETE's Return on Equity (7.9%) is considered low.
How is National Bank of Greece's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: ETE's Assets to Equity ratio (15.3x) is moderate.
Allowance for Bad Loans: ETE has a low allowance for bad loans (62%).
Low Risk Liabilities: 67% of ETE's liabilities are made up of primarily low risk sources of funding.
Loan Level: ETE has an appropriate level of Loans to Assets ratio (35%).
Low Risk Deposits: ETE's Loans to Deposits ratio (55%) is appropriate.
Level of Bad Loans: ETE has a high level of bad loans (14.7%).
What is National Bank of Greece current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ETE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ETE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ETE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ETE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ETE's dividend in 3 years as they are not forecast to pay a notable one for the Greek market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Paul Mylonas (62 yo)
Dr. Pavlos Konstantinos Mylonas, also known as Paul, Ph.D. serves as Chairman of the Board of Directors of Vojvodjanska Banka AD and Non-Executive Chairman of the Board of Direcotrs at NBG Cyprus Ltd. He i...
Experienced Management: ETE's management team is considered experienced (2.4 years average tenure).
Experienced Board: ETE's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
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.
National Bank of Greece S.A.'s company bio, employee growth, exchange listings and data sources
- Name: National Bank of Greece S.A.
- Ticker: ETE
- Exchange: ATSE
- Founded: 1841
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: €2.310b
- Shares outstanding: 914.38m
- Website: https://www.nbg.gr
Number of Employees
- National Bank of Greece S.A.
- 86 Eolou Street
- 105 59
National Bank of Greece S.A., together with its subsidiaries, provides financial products and services in Greece, the United Kingdom, North Macedonia, Romania, Cyprus, Malta, Egypt, and Luxembourg. The com...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/15 16:20|
|End of Day Share Price||2021/05/14 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.