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 Analysis

Adequate balance sheet and fair value.

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

-3.4%

TATT

-3.6%

GR Banks

-0.8%

GR Market


1 Year Return

196.6%

TATT

74.2%

GR Banks

30.4%

GR Market

Return vs Industry: TATT exceeded the Greek Banks industry which returned 82.1% over the past year.

Return vs Market: TATT exceeded the Greek Market which returned 31.6% over the past year.


Shareholder returns

TATTIndustryMarket
7 Day-3.4%-3.6%-0.8%
30 Day-9.6%-9.9%-2.7%
90 Day-18.6%-11.9%0.7%
1 Year196.6%196.6%74.2%74.2%36.1%30.4%
3 Year-43.9%-43.9%5.2%5.2%55.3%40.0%
5 Year-98.4%-98.4%-4.0%-27.8%-61.5%-63.2%

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?

4.58x

Price to Earnings (PE) 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 good value based on its PE Ratio (4.6x) compared to the Banks industry average (12.4x).

PE vs Market: TATT is good value based on its PE Ratio (4.6x) compared to the Greek market (17.1x).


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 is good value based on its PB Ratio (0.3x) compared to the GR Banks industry average (0.3x).


Next Steps

Future Growth

How is Attica Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

10.0%

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.


Next Steps

Past Performance

How has Attica Bank performed over the past 5 years?

51.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TATT has high quality earnings.

Growing Profit Margin: TATT became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: TATT has become profitable over the past 5 years, growing earnings by 51.8% per year.

Accelerating Growth: TATT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: TATT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Banks industry (7.8%).


Return on Equity

High ROE: TATT's Return on Equity (7.2%) is considered low.


Return on Assets


Return on Capital Employed


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

Inventory Level: TATT has a low level of unsold assets or inventory.

Debt Coverage by Assets: TATT's debt is covered by short term assets (assets are 3.4x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: TATT is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: TATT is profitable, therefore cash runway is not a concern.


Financial Institutions Analysis

Asset Level: TATT's level of assets compared to its equity is low.

Allowance for Bad Loans: TATT has a low allowance for bad loans.

Low Risk Liabilities: TATT's liabilities are made up of primarily low risk sources of funding.

Loan Level: TATT has an acceptable proportion of non-loan assets held.

Low Risk Deposits: TATT's loans are broadly funded by customer deposits.

Level of Bad Loans: TATT has a high level of bad loans (54.33%)


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%1.7%markettop25%3.6%industryaverage5.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate TATT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate TATT's dividend yield against the top 25% of dividend payers, as the company has not reported any 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?

3.4yrs

Average management tenure


CEO

Theodoros Pantalakis (65yo)

3.4yrs

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  ...


Leadership Team

NamePositionTenureCompensationOwnership
Theodoros Pantalakis
CEO & Director3.4yrsno datano data
Nikolaos Koutsogiannis
Chief Financial Officer2.2yrsno datano data
Stefanos Korodimos
Chief Information Officer & Director of IT Department9.1yrsno datano data
Polyxeni Triantafyllou
Director0yrsno datano data
Maria Varela
Director of Legal Department and Secretary0yrsno datano data
Michail Andriotis
Head of Corporate & Retail Banking Department and Deputy General Manager0yrsno datano data
Ioannis Anninos
Head of Credit Department and Deputy General Manager0yrsno datano data
Ioannis Tsakirakis
Deputy CEO & Director3.4yrsno datano data
Georgios Triantafyllopoulos
Head of the Transformation Office0yrsno datano data
Antonios Vartholomeos
Deputy CEO & Executive Member of the Board0.6yrsno datano data

3.4yrs

Average Tenure

Experienced Management: TATT's management team is considered experienced (3.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Theodoros Pantalakis
CEO & Director3.4yrsno datano data
Ioannis Tsakirakis
Deputy CEO & Director3.4yrsno datano data
Antonios Vartholomeos
Deputy CEO & Executive Member of the Board0.6yrsno datano data
Dimitrios Tzanninis
Non-Executive Member3.7yrsno datano data
Konstantinos Makedos
Vice Chairman of the Board0.6yrsno datano data
Stavros Papagiannopoulos
Non-Executive Member2.2yrsno datano data
Xariton Kiriazis
Non-Executive Member0.6yrsno datano data
Taprantzis Andreas
Non Executive Member0.6yrsno datano data
Doukidis Georgios
Non Executive Member0.6yrsno datano data
Konstantinos Mitropoulos
Chairman of the Board0.6yrsno datano data

0.6yrs

Average Tenure

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 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: €161.900m
  • 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 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, long and short term, and special purpose business development loans; and loans to buy/renovate business premises and to finance non-materialized investment plans. In addition, it offers credit, debit, and prepaid cards; letters of guarantee; POS terminals; car insurance products; mutual funds and margin accounts; and contribution payment, foreign exchange, factoring, share trading, and 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, 2017, the company operated 55 branches. Attica Bank S.A. was founded in 1925 and is headquartered in Athens, Greece. Attica Bank S.A. is the subsidiary of EFKA pension fund. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 21:00
End of Day Share Price2020/02/20 00:00
Earnings2019/09/30
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.