ATSE:TPEIR

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Piraeus Financial Holdings

Market Cap

€1.9b

Last Updated

2021/06/24 17:54 UTC

Data Sources

Company Financials +

Executive Summary

Piraeus Financial Holdings S.A. provides banking products and services. More Details


Snowflake Analysis

Adequate balance sheet with moderate growth potential.

Share Price & News

How has Piraeus Financial Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TPEIR is more volatile than 90% of Greek stocks over the past 3 months, typically moving +/- 23% a week.

Volatility Over Time: TPEIR's weekly volatility has increased from 16% to 23% over the past year.


Market Performance


7 Day Return

-1.3%

TPEIR

-0.7%

GR Banks

-0.5%

GR Market


1 Year Return

-94.3%

TPEIR

-75.3%

GR Banks

-26.7%

GR Market

Return vs Industry: TPEIR underperformed the Greek Banks industry which returned -75.3% over the past year.

Return vs Market: TPEIR underperformed the Greek Market which returned -26.7% over the past year.


Shareholder returns

TPEIRIndustryMarket
7 Day-1.3%-0.7%-0.5%
30 Day1.0%7.7%4.4%
90 Day-77.3%-38.1%-5.0%
1 Year-94.3%-94.3%-75.2%-75.3%-25.6%-26.7%
3 Year-96.8%-96.8%-86.2%-86.2%-47.2%-48.9%
5 Year-97.1%-97.1%-87.4%-87.4%-46.3%-48.5%

Long-Term Price Volatility Vs. Market

How volatile is Piraeus Financial Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Piraeus Financial Holdings undervalued compared to its fair value and its price relative to the market?

0.012x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: TPEIR (€1.52) is trading above our estimate of fair value (€0.23)

Significantly Below Fair Value: TPEIR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TPEIR is unprofitable, so we can't compare its PE Ratio to the European Banks industry average.

PE vs Market: TPEIR 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 TPEIR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TPEIR is good value based on its PB Ratio (0x) compared to the GR Banks industry average (0.4x).


Future Growth

How is Piraeus Financial Holdings forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

99.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TPEIR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.9%).

Earnings vs Market: TPEIR is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: TPEIR's is expected to become profitable in the next 3 years.

Revenue vs Market: TPEIR's revenue is expected to decline over the next 3 years (-2% per year).

High Growth Revenue: TPEIR's revenue is forecast to decline over the next 3 years (-2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TPEIR's Return on Equity is forecast to be low in 3 years time (7.4%).


Past Performance

How has Piraeus Financial Holdings performed over the past 5 years?

38.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TPEIR is currently unprofitable.

Growing Profit Margin: TPEIR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TPEIR is unprofitable, but has reduced losses over the past 5 years at a rate of 38.7% per year.

Accelerating Growth: Unable to compare TPEIR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TPEIR is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (2.9%).


Return on Equity

High ROE: TPEIR has a negative Return on Equity (-12.42%), as it is currently unprofitable.


Financial Health

How is Piraeus Financial Holdings'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: TPEIR's Assets to Equity ratio (10.8x) is moderate.

Allowance for Bad Loans: TPEIR has a low allowance for bad loans (40%).

Low Risk Liabilities: 77% of TPEIR's liabilities are made up of primarily low risk sources of funding.

Loan Level: TPEIR has an appropriate level of Loans to Assets ratio (52%).

Low Risk Deposits: TPEIR's Loans to Deposits ratio (74%) is appropriate.

Level of Bad Loans: TPEIR has a high level of bad loans (48.8%).


Dividend

What is Piraeus Financial Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate TPEIR'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 TPEIR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TPEIR'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 TPEIR'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?

3.3yrs

Average management tenure


CEO

Chris Megalou (61 yo)

4.25yrs

Tenure

Mr. Christos Ioannis Megalou, also known as Chris, serves MD, CEO & Executive Director as Piraeus Financial Holdings SA (formerly known as Piraeus Bank SA) since March 8, 2017. He is currently the Founder ...


Leadership Team

Experienced Management: TPEIR's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: TPEIR's board of directors are considered experienced (4.6 years average tenure).


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 4624.7%.


Top Shareholders

Company Information

Piraeus Financial Holdings S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Piraeus Financial Holdings S.A.
  • Ticker: TPEIR
  • Exchange: ATSE
  • Founded: 1916
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €1.901b
  • Shares outstanding: 1.25b
  • Website: https://www.piraeusholdings.gr

Number of Employees


Location

  • Piraeus Financial Holdings S.A.
  • 4, Amerikis Street
  • Athens
  • 105 64
  • Greece

Listings


Biography

Piraeus Financial Holdings S.A. provides banking products and services. It operates through Retail Banking, Corporate Banking, Piraeus Financial Markets, and Other segments. The company offers time, struct...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/24 17:54
End of Day Share Price2021/06/24 00:00
Earnings2021/03/31
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.