ATSE:TATT

Stock Analysis Report

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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.

Rewards

Earnings are forecast to grow 122.43% per year

Risk Analysis

No risks detected for TATT from our risk checks.


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.6%

TATT

-8.6%

GR Banks

-3.7%

GR Market


1 Year Return

-49.1%

TATT

-52.4%

GR Banks

-22.9%

GR Market

Return vs Industry: TATT exceeded the Greek Banks industry which returned -52.4% over the past year.

Return vs Market: TATT underperformed the Greek Market which returned -22.9% over the past year.


Shareholder returns

TATTIndustryMarket
7 Day-2.6%-8.6%-3.7%
30 Day-9.6%-2.9%-1.6%
90 Day-15.2%-5.4%3.9%
1 Year-49.1%-49.1%-52.4%-52.4%-19.9%-22.9%
3 Year-88.1%-88.1%-69.4%-69.4%-17.4%-24.4%
5 Year-99.0%-99.0%-37.0%-49.1%-68.7%-70.0%

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 compared to its fair value and its price relative to the market?

0.2x

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?

122.4%

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 (38.9% per year) is forecast to grow faster than the Greek market (4.3% per year).

High Growth Revenue: TATT's revenue (38.9% 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 (2.4%).


Next Steps

Past Performance

How has Attica Bank performed over the past 5 years?

67.8%

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 67.8% 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 (-0.9%).


Return on Equity

High ROE: TATT has a negative Return on Equity (-1.71%), 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 (7.1x) 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 (44%).

Low Risk Deposits: TATT's Loans to Deposits ratio (59%) 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?

3.8yrs

Average management tenure


CEO

Theodoros Pantalakis (66yo)

3.83yrs

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

NamePositionTenureCompensationOwnership
Theodoros Pantalakis
CEO & Executive Director3.83yrsno datano data
Nikolaos Koutsogiannis
Chief Financial Officer2.58yrsno datano data
Stefanos Korodimos
Chief Information Officer & Director of IT Department9.5yrsno datano data
Polyxeni Triantafyllou
Directorno datano datano data
Maria Varela
Director of Legal Department and Secretaryno datano datano data
Michail Andriotis
Head of Corporate & Retail Banking Department and Deputy General Managerno datano datano data
Ioannis Anninos
Head of Credit Department and Deputy General Managerno datano datano data
Ioannis Tsakirakis
Deputy CEO & Executive Director3.83yrsno datano data
Georgios Triantafyllopoulos
Head of the Transformation Officeno datano datano data
Antonis Vartholomeos
Deputy CEO & Executive Member of the Board1yrno datano data
Psyllas Francis
Chief Risk Officerno datano datano data
Ioannis Papadopoulos
Managing Director of Attica Ventures SAno datano datano data

3.8yrs

Average Tenure

Experienced Management: TATT's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Theodoros Pantalakis
CEO & Executive Director3.83yrsno datano data
Ioannis Tsakirakis
Deputy CEO & Executive Director3.83yrsno datano data
Antonis Vartholomeos
Deputy CEO & Executive Member of the Board1yrno datano data
Dimitris Tzanninis
Independent Non-Executive Member4.08yrsno datano data
Konstantinos Makedos
Non-Executive Vice Chairman1yrno datano data
Stavros Papagiannopoulos
Independent Non-Executive Member2.58yrsno datano data
Chariton Kyriazis
Independent Non-Executive Member1yrno datano data
Andreas Taprantzis
Independent Non Executive Member1yrno datano data
Georgios Doukidis
Independent Non Executive Member1yrno datano data
Eleni Koliopoulou
Independent Non Executive Member1yrno datano data
Konstantinos Mitropoulos
Non-Executive Chairman1yrno datano data
Aikaterini Onoufriadou
Additional Non-Executive Member of the Greek State0.67yrno datano data

1.0yrs

Average Tenure

Experienced Board: TATT's board of directors are not considered experienced ( 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

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: €93.865m
  • 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)GREURNo data
TATTATSE (The Athens Stock Exchange)YesCommon SharesGREURJan 1992
0RCULSE (London Stock Exchange)YesCommon SharesGBEURJan 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 Retail Banking, Corporate Banking, and Capital Management/Treasury segments. It offers savings, current, sight deposit, sight, and tiered interest rate sight interest bearing accounts, as well as repos and time deposits. The company also provides home, consumer, green, and long and short term loans; and loans to buy or renovate business premises. In addition, it offers credit, debit, and prepaid cards; letters of guarantee; POS terminals; insurance products; mutual funds and margin accounts; and factoring, share trading, leasing, cash management, and treasury services. Further, the company provides intermediate services on mutual fund unit disposals; and portfolio and asset management services. Additionally, it invests in, develops, and values real estate properties, as well as provides technical assistance for real estate properties. As of December 31, 2019, the company operated 55 branches. Attica Bank S.A. was founded in 1925 and is headquartered in Athens, Greece. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/13 04:53
End of Day Share Price2020/07/10 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.