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.
Rewards
Risk Analysis
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
| TATT | Industry | Market | |
|---|---|---|---|
| 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 Year | 196.6%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
2 months ago | Simply Wall St
If You Had Bought Attica Bank (ATH:TATT) Stock A Year Ago, You Could Pocket A 232% Gain Today6 months ago | Simply Wall St
Introducing Attica Bank (ATH:TATT), The Stock That Collapsed 99%10 months ago | Simply Wall St
Analysts Expect Breakeven For Attica Bank S.A. (ATH:TATT)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
- Examine whether Attica Bank is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Attica Bank competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Banks industry.
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
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
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 3.4yrs | no data | no data | |
| Chief Financial Officer | 2.2yrs | no data | no data | |
| Chief Information Officer & Director of IT Department | 9.1yrs | no data | no data | |
| Director | 0yrs | no data | no data | |
| Director of Legal Department and Secretary | 0yrs | no data | no data | |
| Head of Corporate & Retail Banking Department and Deputy General Manager | 0yrs | no data | no data | |
| Head of Credit Department and Deputy General Manager | 0yrs | no data | no data | |
| Deputy CEO & Director | 3.4yrs | no data | no data | |
| Head of the Transformation Office | 0yrs | no data | no data | |
| Deputy CEO & Executive Member of the Board | 0.6yrs | no data | no data |
3.4yrs
Average Tenure
Experienced Management: TATT's management team is considered experienced (3.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 3.4yrs | no data | no data | |
| Deputy CEO & Director | 3.4yrs | no data | no data | |
| Deputy CEO & Executive Member of the Board | 0.6yrs | no data | no data | |
| Non-Executive Member | 3.7yrs | no data | no data | |
| Vice Chairman of the Board | 0.6yrs | no data | no data | |
| Non-Executive Member | 2.2yrs | no data | no data | |
| Non-Executive Member | 0.6yrs | no data | no data | |
| Non Executive Member | 0.6yrs | no data | no data | |
| Non Executive Member | 0.6yrs | no data | no data | |
| Chairman of the Board | 0.6yrs | no data | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TATT | ATSE (The Athens Stock Exchange) | EUR0.30(POST CON) | GR | EUR | No data | |
| TATT | ATSE (The Athens Stock Exchange) | Yes | Common Shares | GR | EUR | Jan 1992 |
| 0RCU | LSE (London Stock Exchange) | Yes | Common Shares | GB | 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 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/20 21:00 |
| End of Day Share Price | 2020/02/20 00:00 |
| Earnings | 2019/09/30 |
| 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.