ATSE:TATT

Stock Analysis Report

Executive Summary

Attica Bank S.A., together with its subsidiaries, provides various banking products and services to individuals, small and medium enterprises, and companies in Greece.

Snowflake

Fundamentals

Reasonable growth potential with adequate balance sheet.

Risks

  • Attica Bank has significant price volatility in the past 3 months.
  • Attica Bank is covered by less than 3 analysts.

Share Price & News

How has Attica Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

7.1%

ATSE:TATT

12.3%

GR Banks

4.6%

GR Market


1 Year Return

87.5%

ATSE:TATT

-3.1%

GR Banks

8.2%

GR Market

TATT outperformed the Banks industry which returned -3.1% over the past year.

TATT outperformed the Market in Greece which returned 8.2% over the past year.


Share holder returns

TATTIndustryMarket
7 Day7.1%12.3%4.6%
30 Day-4.0%-10.7%-5.6%
90 Day108.8%16.7%12.3%
1 Year87.5%87.5%-3.1%-3.1%11.6%8.2%
3 Year-58.0%-58.0%11.4%11.4%56.5%42.5%
5 Year-98.8%-98.8%-24.3%-43.0%-80.2%-80.8%

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

Valuation

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

43.99x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Attica Bank to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Attica Bank to establish if it is available at substantial discount.


Price Based on Earnings

Attica Bank is overvalued based on earnings compared to the Europe Banks industry average.

Attica Bank is overvalued based on earnings compared to the Greece market.


Price Based on Expected Growth

Attica Bank is good value based on expected growth next year.


Price Based on Value of Assets

Attica Bank is overvalued based on assets compared to the GR Banks industry average.


Next Steps

Future Growth

How is Attica Bank expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

73.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Attica Bank's revenue is expected to grow by 7.5% yearly, however this is not considered high growth (20% yearly).

Attica Bank's earnings are expected to grow significantly at over 20% yearly.

Attica Bank's revenue growth is expected to exceed the Greece market average.

Attica Bank's earnings growth is expected to exceed the Greece market average.

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


Earnings per Share Growth Estimates


Future Return on Equity

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


Next Steps

Past Performance

How has Attica Bank performed over the past 5 years?

33.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Attica Bank has delivered over 20% year on year earnings growth in the past 5 years.

Attica Bank has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.

Attica Bank has become profitable in the last year making it difficult to compare the Europe Banks industry average.


Return on Equity

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


Return on Assets

Attica Bank used its assets less efficiently than the Europe Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Attica Bank 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 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

Information is not available.

Information is not available.


Financial Institutions Analysis

Attica Bank has an acceptable proportion of non-loan assets held.

Attica Bank has a low allowance for bad loans.

Attica Bank's liabilities are made up of primarily low risk sources of funding.

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

Loans at Attica Bank are broadly funded by customer deposits.

Attica Bank has a high level of bad loans (greater than 2%).


Next Steps

Dividend

What is Attica Bank's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

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

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

Unable to perform a dividend volatility check as Attica Bank has not reported any payouts.

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


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Attica Bank has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

2.9yrs

Average management tenure


CEO

Theodoros Pantalakis (65yo)

2.9yrs

Tenure

0

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  ...


Management Age and Tenure

2.9yrs

Average Tenure

The tenure for the Attica Bank management team is about average.


Board Age and Tenure

0.9yrs

Average Tenure

The average tenure for the Attica Bank 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

  • Theodoros Pantalakis (65yo)

    CEO & Director

    • Tenure: 2.9yrs
  • Michail Andriotis

    Head of Corporate & Retail Banking Department and Deputy General Manager

    • Tenure: 0.0yrs
  • Polyxeni Triantafyllou

    Head of the Strategy & Communication Division and Deputy General Manager

    • Tenure: 0.0yrs
  • Maria Varela

    Director of Legal Department and Secretary

    • Tenure: 0.0yrs
  • Stefanos Korodimos

    Chief Information Officer & Director of IT Department

    • Tenure: 8.6yrs
  • Ioannis Anninos

    Head of Credit Department and Deputy General Manager

    • Tenure: 0.0yrs
  • Ioannis Tsakirakis

    Deputy CEO & Director

    • Tenure: 2.9yrs
  • Nikolaos Koutsogiannis

    Chief Financial Officer

    • Tenure: 1.7yrs
  • Georgios Triantafyllopoulos

    Head of the Transformation Office

    • Tenure: 0.0yrs
  • Antonios Vartholomaios

    Deputy CEO & Executive Member of the Board

    • Tenure: 0.1yrs

Board Members

  • Theodoros Pantalakis (65yo)

    CEO & Director

    • Tenure: 2.9yrs
  • Dimitrios Tzanninis

    Non-Executive Member

    • Tenure: 3.2yrs
  • Konstantinos Makedos

    Vice Chairman of the Board

    • Tenure: 0.1yrs
  • Ioannis Tsakirakis

    Deputy CEO & Director

    • Tenure: 2.9yrs
  • Zacharoula Papatheodorou

    Additional Non-Executive Member Representative of Greek State

    • Tenure: 2.8yrs
  • Stavros Papagiannopoulos

    Non-Executive Member

    • Tenure: 1.7yrs
  • Xariton Kiriazis

    Non-Executive Member

    • Tenure: 0.1yrs
  • Taprantzis Andreas

    Non Executive Member

    • Tenure: 0.1yrs
  • Antonios Vartholomaios

    Deputy CEO & Executive Member of the Board

    • Tenure: 0.1yrs
  • Konstantinos Mitropoulos

    Chairman of the Board

    • Tenure: 0.1yrs

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: €186.808m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TATTATSE (The Athens Stock Exchange)EUR0.30(POST CON)GREURInvalid date
TATTATSE (The Athens Stock Exchange)YesCommon SharesGREURJan 1992

Biography

Attica Bank S.A., together with its subsidiaries, provides various banking products and services to individuals, small and medium enterprises, and companies in Greece. The company operates through Retail B ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/24 20:52
End of Day Share Price2019/08/23 00:00
Earnings2019/03/31
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.