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
| TATT | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.1% | 12.3% | 4.6% |
| 30 Day | -4.0% | -10.7% | -5.6% |
| 90 Day | 108.8% | 16.7% | 12.3% |
| 1 Year | 87.5%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
2 weeks ago | Simply Wall St
Introducing Attica Bank (ATH:TATT), The Stock That Collapsed 99%4 months ago | Simply Wall St
Analysts Expect Breakeven For Attica Bank S.A. (ATH:TATT)5 months ago | Simply Wall St
What Type Of Shareholder Owns Attica Bank S.A.'s (ATH:TATT)?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
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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TATT | ATSE (The Athens Stock Exchange) | EUR0.30(POST CON) | GR | EUR | Invalid date | |
| TATT | ATSE (The Athens Stock Exchange) | Yes | Common Shares | GR | 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 companies in Greece. The company operates through Retail B ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/24 20:52 |
| End of Day Share Price | 2019/08/23 00:00 |
| Earnings | 2019/03/31 |
| Annual Earnings | 2018/12/31 |
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.