ATSE:TATT

Stock Analysis Report

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Market Cap

€82.7m

Last Updated

2021/06/13 20:51 UTC

Data Sources

Company Financials +

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. More Details


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 is more volatile than 90% of Greek stocks over the past 3 months, typically moving +/- 20% a week.

Volatility Over Time: TATT's weekly volatility has increased from 12% to 20% over the past year.


Market Performance


7 Day Return

18.7%

TATT

6.4%

GR Banks

2.3%

GR Market


1 Year Return

-20.4%

TATT

-71.3%

GR Banks

-21.2%

GR Market

Return vs Industry: TATT exceeded the Greek Banks industry which returned -71.3% over the past year.

Return vs Market: TATT matched the Greek Market which returned -21.2% over the past year.


Shareholder returns

TATTIndustryMarket
7 Day18.7%6.4%2.3%
30 Day9.1%4.0%2.4%
90 Day-17.6%-55.7%-14.1%
1 Year-20.4%-20.4%-71.3%-71.3%-19.8%-21.2%
3 Year-29.2%-29.2%-86.1%-86.1%-47.5%-49.3%
5 Year-91.2%-91.2%-89.8%-89.8%-55.9%-57.5%

Long-Term 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?

0.4x

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 European 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 (0.4x) is in line with the GR Banks industry average.


Future Growth

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

148.2%

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 (3.9%).

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 (113% per year) is forecast to grow faster than the Greek market (7.8% per year).

High Growth Revenue: TATT's revenue (113% 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 (6.8%).


Past Performance

How has Attica Bank performed over the past 5 years?

38.4%

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 38.4% 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 (2.8%).


Return on Equity

High ROE: TATT has a negative Return on Equity (-148.25%), as it is currently unprofitable.


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 (17.3x) is moderate.

Allowance for Bad Loans: Insufficient data to determine if TATT has a sufficient allowance for bad loans.

Low Risk Liabilities: 89% 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 (45%).

Low Risk Deposits: TATT's Loans to Deposits ratio (53%) is appropriate.

Level of Bad Loans: Insufficient data to determine if TATT has an appropriate level of bad loans.


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: 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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.8yrs

Average management tenure


CEO

Theodoros Pantalakis (66 yo)

4.75yrs

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

Experienced Management: TATT's management team is considered experienced (4.8 years average tenure).


Board Members

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: €82.657m
  • 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


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 Re...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/13 20:51
End of Day Share Price2021/06/11 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.