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TATT

Attica Bank ATSE:TATT Stock Report

Last Price

€0.074

Market Cap

€90.3m

7D

2.5%

1Y

-99.2%

Updated

07 Aug, 2022

Data

Company Financials
TATT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

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

Summary of all time highs, changes and price drops for Attica Bank
Historical stock prices
Current Share Price€0.074
52 Week High€11.04
52 Week Low€0.068
Beta2.01
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

TATTGR BanksGR Market
7D2.5%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

Is TATT's price volatile compared to industry and market?
TATT volatility
TATT Average Weekly Movement14.6%
Banks Industry Average Movement6.9%
Market Average Movement4.9%
10% most volatile stocks in GR Market7.2%
10% least volatile stocks in GR Market2.9%

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

FoundedEmployeesCEOWebsite
1925710Michail Andreadishttps://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

How do Attica Bank's earnings and revenue compare to its market cap?
TATT fundamental statistics
Market Cap€90.35m
Earnings (TTM)-€107.71m
Revenue (TTM)n/a

0.3x

P/B Ratio

-2.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
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 Margin112.68%
Net Profit Margin350.97%
Debt/Equity Ratio0.0%

How did TATT perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is TATT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation 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.

TATT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Book Ratio vs Peers

How does TATT's PB Ratio compare to its peers?

TATT PB Ratio vs Peers
The above table shows the PB ratio for TATT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average0.4x
ALPHA Alpha Services and Holdings
0.3x70.3%€2.1b
TPEIR Piraeus Financial Holdings
0.2x43.1%€1.2b
ETE National Bank of Greece
0.5x0.7%€2.8b
RPAD3 Alfa Holdings
0.5xn/aR$523.9m
TATT Attica Bank
0.3xn/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.

TATT PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.3x
Fair PB Ration/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

0/6

Future 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.


Discover growth companies

  • 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

0/6

Past 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

4/6

Financial 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

0/6

Dividend 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.