| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
TATT Stock Overview
Attica Bank S.A., together with its subsidiaries, provides various banking products and services in Greece.
Attica Bank Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | €0.074 |
| 52 Week High | €11.04 |
| 52 Week Low | €0.068 |
| Beta | 2.01 |
| 1 Month Change | -5.51% |
| 3 Month Change | -41.43% |
| 1 Year Change | -99.20% |
| 3 Year Change | -99.69% |
| 5 Year Change | -99.91% |
| Change since IPO | -100.00% |
Recent News & Updates
Shareholder Returns
| TATT | GR Banks | GR Market | |
|---|---|---|---|
| 7D | 2.5% | 3.1% | 0.2% |
| 1Y | -99.2% | -12.9% | -1.0% |
Return vs Industry: TATT underperformed the Greek Banks industry which returned -12.9% over the past year.
Return vs Market: TATT underperformed the Greek Market which returned -1% over the past year.
Price Volatility
| TATT volatility | |
|---|---|
| TATT Average Weekly Movement | 14.6% |
| Banks Industry Average Movement | 6.9% |
| Market Average Movement | 4.9% |
| 10% most volatile stocks in GR Market | 7.2% |
| 10% least volatile stocks in GR Market | 2.9% |
Stable Share Price: TATT is more volatile than 90% of Greek stocks over the past 3 months, typically moving +/- 15% a week.
Volatility Over Time: TATT's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of Greek stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1925 | 710 | Michail Andreadis | https://www.atticabank.gr |
Attica Bank S.A., together with its subsidiaries, provides various banking products and services in Greece. The company operates through Retail Banking, Corporate Banking, and Capital Management/Treasury segments. It offers saving, current, payroll, and pension accounts; time and sight deposit accounts; and repos, sight, and tiered interest rate sight interest-bearing accounts.
Attica Bank Fundamentals Summary
| TATT fundamental statistics | |
|---|---|
| Market Cap | €90.35m |
| Earnings (TTM) | -€107.71m |
| Revenue (TTM) | n/a |
0.3x
P/B Ratio-2.9x
P/S RatioIs TATT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TATT income statement (TTM) | |
|---|---|
| Revenue | -€30.69m |
| Cost of Revenue | €3.89m |
| Gross Profit | -€34.58m |
| Other Expenses | €73.13m |
| Earnings | -€107.71m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.088 |
| Gross Margin | 112.68% |
| Net Profit Margin | 350.97% |
| Debt/Equity Ratio | 0.0% |
How did TATT perform over the long term?
See historical performance and comparisonValuation
Is TATT undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast
Key Valuation Metric
Which metric is best to use when looking at relative valuation for TATT?
Other financial metrics that can be useful for relative valuation.
| What is TATT's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | €90.35m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | n/a |
Price to Book Ratio vs Peers
How does TATT's PB Ratio compare to its peers?
| TATT PB Ratio vs Peers |
|---|
| Company | PB | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 0.4x | ||
ALPHA Alpha Services and Holdings | 0.3x | 70.3% | €2.1b |
TPEIR Piraeus Financial Holdings | 0.2x | 43.1% | €1.2b |
ETE National Bank of Greece | 0.5x | 0.7% | €2.8b |
RPAD3 Alfa Holdings | 0.5x | n/a | R$523.9m |
TATT Attica Bank | 0.3x | n/a | €90.3m |
Price-To-Book vs Peers: TATT is good value based on its Price-To-Book Ratio (0.3x) compared to the peer average (0.4x).
Price to Earnings Ratio vs Industry
How does TATT's PE Ratio compare vs other companies in the European Banks Industry?
Price-To-Book vs Industry: TATT is good value based on its Price-To-Book Ratio (0.3x) compared to the Greek Banks industry average (0.3x)
Price to Book Ratio vs Fair Ratio
What is TATT's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PB Ratio | 0.3x |
| Fair PB Ratio | n/a |
Price-To-Book vs Fair Ratio: Insufficient data to calculate TATT's Price-To-Book Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of TATT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate TATT's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate TATT's fair value for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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Future Growth
How is Attica Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
9.0%
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Attica Bank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
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- Examine Attica Bank's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Attica Bank competitive advantages and company strategy can generally be found in its financial reports archived here.
Past Performance
How has Attica Bank performed over the past 5 years?
Past Performance Score
0/6Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-51.1%
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, and losses have increased over the past 5 years at a rate of 51.1% 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 (28.1%).
Return on Equity
High ROE: TATT has a negative Return on Equity (-33.37%), as it is currently unprofitable.
Discover strong past performing companies
Financial Health
How is Attica Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score
4/6Financial Health Score 4/6
Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: TATT's Assets to Equity ratio (11x) is moderate.
Allowance for Bad Loans: TATT has a low allowance for bad loans (47%).
Low Risk Liabilities: 94% 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 (37%).
Low Risk Deposits: TATT's Loans to Deposits ratio (44%) is appropriate.
Level of Bad Loans: TATT has a high level of bad loans (41.2%).
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Dividend
What is Attica Bank current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
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
Earnings 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 TATT's dividend in 3 years as they are not forecast to pay a notable one for the Greek market.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
2.6yrs
Average management tenure
CEO
Michail Andreadis (51 yo)
0.50
Tenure
Mr. Michail Andreadis is CEO & Director of Attica Bank S.A. from February 2022. He was Chairman of Audit Committee of Attica Bank S.A.
Leadership Team
Experienced Management: TATT's management team is considered experienced (2.6 years average tenure).
Board Members
Experienced Board: TATT's board of directors are not considered experienced ( 0.6 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 been substantially diluted in the past year, with total shares outstanding growing by 15824.8%.
Top Shareholders
Company Information
Attica Bank S.A.'s 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
- Implied Market Cap: €90.348m
- Shares outstanding: 1.22b
- Website: https://www.atticabank.gr
Number of Employees
Location
- Attica Bank S.A.
- 23, Omirou Street
- Athens
- 106 72
- Greece
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/07 00:00 |
| End of Day Share Price | 2022/08/05 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.