ATSE:EUROB

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Eurobank Ergasias Services and Holdings

Executive Summary

Eurobank Ergasias Services and Holdings S.A.


Snowflake Analysis

Reasonable growth potential with adequate balance sheet.

Share Price & News

How has Eurobank Ergasias Services and Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: EUROB has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-8.5%

EUROB

-8.7%

GR Banks

-2.6%

GR Market


1 Year Return

-56.9%

EUROB

-60.7%

GR Banks

-26.5%

GR Market

Return vs Industry: EUROB exceeded the Greek Banks industry which returned -60.8% over the past year.

Return vs Market: EUROB underperformed the Greek Market which returned -26.5% over the past year.


Shareholder returns

EUROBIndustryMarket
7 Day-8.5%-8.7%-2.6%
30 Day-15.7%-19.1%-5.7%
90 Day5.0%-2.3%2.3%
1 Year-56.9%-56.9%-60.7%-60.7%-23.6%-26.5%
3 Year-63.4%-63.4%-71.3%-71.3%-16.1%-23.4%
5 Year-93.6%-93.6%-37.3%-52.2%-36.6%-41.6%

Price Volatility Vs. Market

How volatile is Eurobank Ergasias Services and Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Eurobank Ergasias Services and Holdings undervalued compared to its fair value and its price relative to the market?

8.32x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate EUROB's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate EUROB's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: EUROB is good value based on its PE Ratio (8.3x) compared to the XE Banks industry average (9.1x).

PE vs Market: EUROB is good value based on its PE Ratio (8.3x) compared to the Greek market (13.7x).


Price to Earnings Growth Ratio

PEG Ratio: EUROB is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: EUROB's PB Ratio (0.2x) is in line with the GR Banks industry average.


Next Steps

Future Growth

How is Eurobank Ergasias Services and Holdings forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

49.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EUROB's forecast earnings growth (49.4% per year) is above the savings rate (5.7%).

Earnings vs Market: EUROB's earnings (49.4% per year) are forecast to grow faster than the Greek market (30.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: EUROB's revenue (4.6% per year) is forecast to grow faster than the Greek market (4.4% per year).

High Growth Revenue: EUROB's revenue (4.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EUROB's Return on Equity is forecast to be low in 3 years time (5.3%).


Next Steps

Past Performance

How has Eurobank Ergasias Services and Holdings performed over the past 5 years?

69.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EUROB has a large one-off loss of €58.0M impacting its March 31 2020 financial results.

Growing Profit Margin: EUROB's current net profit margins (13%) are higher than last year (12.8%).


Past Earnings Growth Analysis

Earnings Trend: EUROB has become profitable over the past 5 years, growing earnings by 69.1% per year.

Accelerating Growth: EUROB's earnings growth over the past year (6.4%) is below its 5-year average (69.1% per year).

Earnings vs Industry: EUROB earnings growth over the past year (6.4%) exceeded the Banks industry -3%.


Return on Equity

High ROE: EUROB's Return on Equity (2.4%) is considered low.


Next Steps

Financial Health

How is Eurobank Ergasias Services and Holdings's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: EUROB's Assets to Equity ratio (10x) is low.

Allowance for Bad Loans: EUROB has a low allowance for bad loans (55%).

Low Risk Liabilities: 76% of EUROB's liabilities are made up of primarily low risk sources of funding.

Loan Level: EUROB has an appropriate level of Loans to Assets ratio (57%).

Low Risk Deposits: EUROB's Loans to Deposits ratio (84%) is appropriate.

Level of Bad Loans: EUROB has a high level of bad loans (28.9%).


Next Steps

Dividend

What is Eurobank Ergasias Services and Holdings's current dividend yield, its reliability and sustainability?

20.08%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate EUROB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate EUROB'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 EUROB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if EUROB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: EUROB is not paying a notable dividend for the Greek market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of EUROB's dividend in 3 years as they are not forecast to pay a notable one for the Greek market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.7yrs

Average management tenure


CEO

Fokion Karavias (56 yo)

5.5yrs

Tenure

Mr. Fokion C. Karavias has been the Chief Executive Officer of Eurobank Ergasias Services and Holdings SA (formerly known as Eurobank Ergasias SA). since February 1, 2015 and serves as its Chairman of Exec ...


Leadership Team

NamePositionTenureCompensationOwnership
Fokion Karavias
CEO, Chairman of Executive Board & Director5.5yrsno datano data
Charalambos Harris Kokologiannis
GM of Group Finance7.08yrsno datano data
Stavros Ioannou
Deputy CEO5.33yrsno datano data
Constantinos Vasiliou
Senior Advisor of Group Risk Management & Member of Management Board2.58yrsno datano data
Konstantinos Vassiliou
Deputy CEO2.08yrsno datano data
Christos Adam
Group Chief Risk Officerno datano datano data
Iakovos Giannaklis
GM of Retail Banking & Member of Executive Board5.92yrsno datano data
Michalis Louis
Head of International Activities General Division & Member of Executive Boardno datano datano data
Anastasios Panoysis
Managing Director of Problematic Retail Loan Banking & Member of Executive Boardno datano datano data
Apostolos Kazakos
GM of Group Strategy & Member of Executive Boardno datano datano data
Yannis Chalaris
Investor Relations Managerno datano datano data
George Orfanidis
General Manager of Legal Servicesno datano datano data

5.7yrs

Average Tenure

56yo

Average Age

Experienced Management: EUROB's management team is seasoned and experienced (5.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Fokion Karavias
CEO, Chairman of Executive Board & Director5.5yrsno datano data
Stavros Ioannou
Deputy CEO5.33yrsno datano data
Konstantinos Vassiliou
Deputy CEO2.08yrsno datano data
George Myhal
Independent Non-Executive Director3.83yrsno datano data
Bradley Paul Martin
Non-Executive Director6.17yrsno datano data
Serghiy Stratonov
Chairman of Bank Universal - Ukraineno datano datano data
Georgios Chryssikos
Non-Executive Vice Chairman of the Board1.33yrsno datano data
Jawaid Mirza
Independent Non-Executive Director4.17yrsno datano data
Georgios Zanias
Non-Executive Chairman1.33yrsno datano data
Rajeev K. Kakar
Independent Non-Executive Director2.08yrsno datano data
Dimitrios Miskou
Representative Non-Executive Director0.67yrno datano data
Alice Gregoriadi
Independent Non-Executive Director0.33yrno datano data

2.1yrs

Average Tenure

60yo

Average Age

Experienced Board: EUROB's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Eurobank Ergasias Services and Holdings S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Eurobank Ergasias Services and Holdings S.A.
  • Ticker: EUROB
  • Exchange: ATSE
  • Founded: 1990
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €1.319b
  • Shares outstanding: 3.71b
  • Website: https://www.eurobankholdings.gr

Number of Employees


Location

  • Eurobank Ergasias Services and Holdings S.A.
  • 8 Othonos Street
  • Athens
  • 105 57
  • Greece

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EUROBATSE (The Athens Stock Exchange)YesOrdinary SharesGREURApr 1999
EFGDDB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 1999
EGFE.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDApr 1999
0RCPLSE (London Stock Exchange)YesOrdinary SharesGBEURApr 1999
EGFE.YOTCPK (Pink Sheets LLC)UNSP ADR EA REP 0.5 ORD(POST REV SPLIT)USUSDOct 2008
EFGABST (Boerse-Stuttgart)UNSP ADR EA REP 0.5 ORD(POST REV SPLIT)DEEUROct 2008

Biography

Eurobank Ergasias Services and Holdings S.A. provides retail, corporate and private banking, asset management, treasury, capital markets, and other services primarily in Greece, and Central and Southeaster ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/02 20:46
End of Day Share Price2020/07/31 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.