Executive Summary
Attica Bank S.A., together with its subsidiaries, provides various banking products and services to individuals, small and medium enterprises, and large companies in Greece. More Details
Rewards
Risk Analysis
Snowflake Analysis
High growth potential with adequate balance sheet.
Share Price & News
How has Attica Bank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TATT's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-5.6%
TATT
-3.0%
GR Banks
-2.1%
GR Market
1 Year Return
-64.6%
TATT
-67.4%
GR Banks
-28.1%
GR Market
Return vs Industry: TATT exceeded the Greek Banks industry which returned -66.3% over the past year.
Return vs Market: TATT underperformed the Greek Market which returned -26.8% over the past year.
Shareholder returns
| TATT | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.6% | -3.0% | -2.1% |
| 30 Day | -8.3% | -9.7% | -3.3% |
| 90 Day | -19.1% | -18.0% | -4.5% |
| 1 Year | -64.6%-64.6% | -67.2%-67.4% | -25.2%-28.1% |
| 3 Year | -79.0%-79.0% | -61.8%-61.9% | -4.5%-13.8% |
| 5 Year | -98.1%-98.1% | -33.1%-46.3% | -23.3%-31.8% |
Price Volatility Vs. Market
How volatile is Attica Bank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall St
Do Institutions Own Attica Bank S.A. (ATH:TATT) Shares?7 months ago | Simply Wall St
Imagine Owning Attica Bank (ATH:TATT) And Taking A 99% Loss Square On The Chin10 months ago | Simply Wall St
If You Had Bought Attica Bank (ATH:TATT) Stock A Year Ago, You Could Pocket A 232% Gain TodayValuation
Is Attica Bank undervalued compared to its fair value and its price relative to the market?
0.15x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate TATT's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate TATT's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: TATT is unprofitable, so we can't compare its PE Ratio to the XE Banks industry average.
PE vs Market: TATT is unprofitable, so we can't compare its PE Ratio to the Greek market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TATT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TATT's PB Ratio (0.2x) is in line with the GR Banks industry average.
Next Steps
Future Growth
How is Attica Bank forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
130.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TATT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (5.7%).
Earnings vs Market: TATT is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: TATT's is expected to become profitable in the next 3 years.
Revenue vs Market: TATT's revenue (45.9% per year) is forecast to grow faster than the Greek market (5.5% per year).
High Growth Revenue: TATT's revenue (45.9% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TATT's Return on Equity is forecast to be low in 3 years time (3.8%).
Next Steps
Past Performance
How has Attica Bank performed over the past 5 years?
74.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TATT is currently unprofitable.
Growing Profit Margin: TATT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TATT is unprofitable, but has reduced losses over the past 5 years at a rate of 74.1% per year.
Accelerating Growth: Unable to compare TATT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TATT is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (-12.6%).
Return on Equity
High ROE: TATT has a negative Return on Equity (-5.42%), as it is currently unprofitable.
Next Steps
Financial Health
How is Attica Bank'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: TATT's Assets to Equity ratio (7.8x) is low.
Allowance for Bad Loans: TATT has a low allowance for bad loans (33%).
Low Risk Liabilities: 88% of TATT's liabilities are made up of primarily low risk sources of funding.
Loan Level: TATT has an appropriate level of Loans to Assets ratio (41%).
Low Risk Deposits: TATT's Loans to Deposits ratio (53%) is appropriate.
Level of Bad Loans: TATT has a high level of bad loans (46.2%).
Next Steps
Dividend
What is Attica Bank current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TATT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TATT'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 TATT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TATT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: TATT is not paying a notable dividend for the Greek market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TATT'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?
4.1yrs
Average management tenure
CEO
Theodoros Pantalakis (66 yo)
4.08yrs
Tenure
Mr. Theodoros N. Pantalakis serves as Managing Director, General Manager and Member of the Board of Directors of Attica Wealth Management. He has been the Chief Executive Officer of Attica Bank S.A. since ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 4.08yrs | no data | no data | |
| Chief Financial Officer | 2.83yrs | no data | no data | |
| Chief Information Officer & Director of IT Department | 9.75yrs | no data | no data | |
| Director | no data | no data | no data | |
| Director of Legal Department and Secretary | no data | no data | no data | |
| Head of Corporate & Retail Banking Department and Deputy General Manager | no data | no data | no data | |
| Head of Credit Department and Deputy General Manager | no data | no data | no data | |
| Deputy CEO & Executive Director | 4.08yrs | no data | no data | |
| Head of the Transformation Office | no data | no data | no data | |
| Deputy CEO & Executive Member of the Board | 1.25yrs | no data | no data | |
| Chief Risk Officer | no data | no data | no data | |
| Managing Director of Attica Ventures SA | no data | no data | no data |
4.1yrs
Average Tenure
Experienced Management: TATT's management team is considered experienced (4.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 4.08yrs | no data | no data | |
| Deputy CEO & Executive Director | 4.08yrs | no data | no data | |
| Deputy CEO & Executive Member of the Board | 1.25yrs | no data | no data | |
| Non-Executive Vice Chairman | 1.25yrs | no data | no data | |
| Independent Non-Executive Member | 1.25yrs | no data | no data | |
| Independent Non Executive Member | 1.25yrs | no data | no data | |
| Independent Non Executive Member | 1.25yrs | no data | no data | |
| Independent Non Executive Member | 1.25yrs | no data | no data | |
| Non-Executive Chairman | 1.25yrs | no data | no data | |
| Additional Non-Executive Member of the Greek State | 0.92yr | no data | no data | |
| Non-Executive Director | 0.75yr | no data | no data | |
| Non-Executive Director | 0.75yr | no data | no data |
1.3yrs
Average Tenure
Experienced Board: TATT's board of directors are not considered experienced ( 1.3 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
Attica Bank S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Attica Bank S.A.
- Ticker: TATT
- Exchange: ATSE
- Founded: 1925
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: €71.402m
- Shares outstanding: 461.25m
- Website: https://www.atticabank.gr
Number of Employees
Location
- Attica Bank S.A.
- 23, Omirou Street
- Athens
- 106 72
- Greece
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TATT | ATSE (The Athens Stock Exchange) | Yes | Common Shares | GR | EUR | Jan 1992 |
| 0RCU | LSE (London Stock Exchange) | Yes | Common Shares | GB | EUR | Jan 1992 |
Biography
Attica Bank S.A., together with its subsidiaries, provides various banking products and services to individuals, small and medium enterprises, and large companies in Greece. The company operates through Re ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/23 21:57 |
| End of Day Share Price | 2020/10/23 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.