ATSE:EUROB

Stock Analysis Report

Eurobank Ergasias

Executive Summary

Eurobank Ergasias S.A. provides retail, corporate and private banking, asset management, treasury, capital markets, and other services.

Snowflake

Fundamentals

Adequate balance sheet with moderate growth potential.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0.5%

ATSE:EUROB

1.4%

GR Banks

1.6%

GR Market


1 Year Return

24.4%

ATSE:EUROB

36.3%

GR Banks

18.4%

GR Market

EUROB underperformed the Banks industry which returned 34.3% over the past year.

EUROB outperformed the Market in Greece which returned 18% over the past year.


Share holder returns

EUROBIndustryMarket
7 Day0.5%1.4%1.6%
30 Day18.6%19.6%5.6%
90 Day-0.4%5.7%5.0%
1 Year24.4%24.4%36.3%36.3%22.2%18.4%
3 Year68.5%68.5%27.9%27.9%65.1%50.3%
5 Year-97.5%-97.5%-19.0%-38.9%-79.1%-79.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Eurobank Ergasias undervalued based on future cash flows and its price relative to the stock market?

20.81x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Eurobank Ergasias's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Eurobank Ergasias's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Eurobank Ergasias is good value based on earnings compared to the GR Banks industry average.

Eurobank Ergasias is overvalued based on earnings compared to the Greece market.


Price Based on Expected Growth

Eurobank Ergasias is good value based on expected growth next year.


Price Based on Value of Assets

Eurobank Ergasias is overvalued based on assets compared to the GR Banks industry average.


Next Steps

Future Growth

How is Eurobank Ergasias expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

33.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Eurobank Ergasias's revenue is expected to grow by 3.4% yearly, however this is not considered high growth (20% yearly).

Eurobank Ergasias's earnings are expected to grow significantly at over 20% yearly.

Eurobank Ergasias's revenue growth is positive but not above the Greece market average.

Eurobank Ergasias's earnings growth is expected to exceed the Greece market average.

Eurobank Ergasias's earnings growth is expected to exceed the low risk savings rate of 4.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Eurobank Ergasias is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Eurobank Ergasias performed over the past 5 years?

65.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Eurobank Ergasias has delivered over 20% year on year earnings growth in the past 5 years.

Eurobank Ergasias's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Eurobank Ergasias's 1-year earnings growth is negative, it can't be compared to the Europe Banks industry average.


Return on Equity

Eurobank Ergasias has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Eurobank Ergasias used its assets more efficiently than the GR Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Eurobank Ergasias improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Eurobank Ergasias'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

Information is not available.

Information is not available.


Financial Institutions Analysis

Eurobank Ergasias has an acceptable proportion of non-loan assets held.

Eurobank Ergasias has a low allowance for bad loans.

Eurobank Ergasias's liabilities are made up of primarily low risk sources of funding.

Eurobank Ergasias's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Eurobank Ergasias are broadly funded by customer deposits.

Eurobank Ergasias has a high level of bad loans (greater than 2%).


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Eurobank Ergasias's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Eurobank Ergasias's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Eurobank Ergasias has not reported any payouts.

Unable to verify if Eurobank Ergasias's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Eurobank Ergasias has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of Eurobank Ergasias's dividends in 3 years as they are not expected to pay a notable one for Greece.


Next Steps

Management

What is the CEO of Eurobank Ergasias's salary, the management and board of directors tenure and is there insider trading?

4.8yrs

Average management tenure


CEO

Fokion Karavias (55yo)

4.6yrs

Tenure

0

Mr. Fokion C. Karavias has been the Chief Executive Officer of Eurobank Ergasias S.A. since February 1, 2015 and serves as its Chairman of Executive Board and Executive Director Since June 01, 2014. Mr. Ka ...


Management Age and Tenure

4.8yrs

Average Tenure

57yo

Average Age

The tenure for the Eurobank Ergasias management team is about average.


Board Age and Tenure

2.7yrs

Average Tenure

58yo

Average Age

The average tenure for the Eurobank Ergasias board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Fokion Karavias (55yo)

    CEO, Chairman of Executive Board & Director

    • Tenure: 4.6yrs
  • Stavros Ioannou (58yo)

    Deputy CEO

    • Tenure: 4.4yrs
  • Harris Kokologiannis (52yo)

    GM of Group Finance

    • Tenure: 6.2yrs
  • Theodore Kalantonis (57yo)

    Deputy CEO

    • Tenure: 4.4yrs
  • Constantinos Vasiliou (58yo)

    Senior Advisor of Group Risk Management & Member of Management Board

    • Tenure: 1.7yrs
  • Christos Adam (61yo)

    Group Chief Risk Officer

    • Tenure: 0yrs
  • Konstantinos Vassiliou

    Deputy CEO

    • Tenure: 1.2yrs
  • Iakovos Giannaklis

    GM of Retail Banking & Member of Executive Board

    • Tenure: 5yrs
  • Michalis Louis

    Head of International Activities General Division & Member of Executive Board

    • Tenure: 0yrs
  • Anastasios panoysis (50yo)

    Managing Director of Problematic Retail Loan Banking & Member of Executive Board

    • Tenure: 0yrs

Board Members

  • Fokion Karavias (55yo)

    CEO, Chairman of Executive Board & Director

    • Tenure: 4.6yrs
  • Richie Boucher (61yo)

    Independent Non-Executive Director

    • Tenure: 2.7yrs
  • Serghiy Stratonov

    Chairman of Bank Universal - Ukraine

    • Tenure: 0yrs
  • Stavros Ioannou (58yo)

    Deputy CEO

    • Tenure: 4.4yrs
  • George Chryssikos (47yo)

    Non-Executive Vice Chairman of the Board

    • Tenure: 0.4yrs
  • Jawaid Mirza (61yo)

    Independent Non-Executive Director

    • Tenure: 3.3yrs
  • Theodore Kalantonis (57yo)

    Deputy CEO

    • Tenure: 4.4yrs
  • George Zanias (64yo)

    Non-Executive Chairman

    • Tenure: 0.4yrs
  • Konstantinos Vassiliou

    Deputy CEO

    • Tenure: 1.2yrs
  • Rajeev K. Kakar

    Independent Non-Executive Director

    • Tenure: 1.2yrs

Company Information

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


Key Information

  • Name: Eurobank Ergasias S.A.
  • Ticker: EUROB
  • Exchange: ATSE
  • Founded: 1990
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €3.053b
  • Shares outstanding: 3.70b
  • Website: https://www.eurobank.gr

Number of Employees


Location

  • Eurobank Ergasias 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
EUROBATSE (The Athens Stock Exchange)EUR0.30GREURDec 2015
EFGDDB (Deutsche Boerse AG)EUR0.30DEEURDec 2015

Biography

Eurobank Ergasias S.A. provides retail, corporate and private banking, asset management, treasury, capital markets, and other services. The company’s Retail segment offers customer current accounts, saving ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/18 20:37
End of Day Share Price2019/09/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.