ATSE:TELL

Stock Analysis Report

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Market Cap

€303.9m

Last Updated

2021/06/17 22:43 UTC

Data Sources

Company Financials

Executive Summary

Bank of Greece operates as the central bank of Greece. More Details


Snowflake Analysis

Undervalued with acceptable track record.

Share Price & News

How has Bank of Greece's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TELL is less volatile than 75% of Greek stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: TELL's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

0.9%

TELL

-0.5%

GR Diversified Financial

-1.1%

GR Market


1 Year Return

20.1%

TELL

37.9%

GR Diversified Financial

-28.9%

GR Market

Return vs Industry: TELL underperformed the Greek Diversified Financial industry which returned 37.9% over the past year.

Return vs Market: TELL exceeded the Greek Market which returned -28.9% over the past year.


Shareholder returns

TELLIndustryMarket
7 Day0.9%-0.5%-1.1%
30 Day0.3%3.8%3.7%
90 Day-0.6%8.6%-7.7%
1 Year25.4%20.1%43.2%37.9%-27.7%-28.9%
3 Year21.0%4.8%49.7%36.9%-49.5%-51.2%
5 Year106.2%61.9%104.3%79.7%-50.0%-52.0%

Long-Term Price Volatility Vs. Market

How volatile is Bank of Greece's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bank of Greece undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TELL (€15.3) is trading below our estimate of fair value (€460.68)

Significantly Below Fair Value: TELL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TELL is good value based on its PE Ratio (0.4x) compared to the European Diversified Financial industry average (12.4x).

PE vs Market: TELL is good value based on its PE Ratio (0.4x) compared to the Greek market (19x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TELL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TELL is good value based on its PB Ratio (0.5x) compared to the XE Diversified Financial industry average (1.3x).


Future Growth

How is Bank of Greece forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-24.3%

Forecasted Diversified Financials 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 Bank of Greece 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.


Past Performance

How has Bank of Greece performed over the past 5 years?

-11.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TELL has high quality earnings.

Growing Profit Margin: TELL's current net profit margins (59.4%) are higher than last year (48.6%).


Past Earnings Growth Analysis

Earnings Trend: TELL's earnings have declined by 11.3% per year over the past 5 years.

Accelerating Growth: TELL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TELL had negative earnings growth (-21.4%) over the past year, making it difficult to compare to the Diversified Financial industry average (4.9%).


Return on Equity

High ROE: TELL's Return on Equity (100.5%) is considered outstanding.


Financial Health

How is Bank of Greece'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: TELL's Assets to Equity ratio (278.2x) is very high.

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

Low Risk Liabilities: 70% of TELL's liabilities are made up of primarily higher risk sources of funding.

Loan Level: TELL has an appropriate level of Loans to Assets ratio (25%).

Low Risk Deposits: TELL's Loans to Deposits ratio (82%) is appropriate.

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


Dividend

What is Bank of Greece current dividend yield, its reliability and sustainability?

4.39%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TELL's dividend (4.39%) is higher than the bottom 25% of dividend payers in the Greek market (1.67%).

High Dividend: TELL's dividend (4.39%) is in the top 25% of dividend payers in the Greek market (3.96%)


Stability and Growth of Payments

Stable Dividend: TELL's dividend payments have been volatile in the past 10 years.

Growing Dividend: TELL's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (1.6%), TELL's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

1.3yrs

Average board tenure


CEO

Yannis Stournaras (65 yo)

7yrs

Tenure

Mr. Yannis Stournaras has been a Governor and Member of General Council at Bank of Greece A.E., since June 2014 and Chairman of General Council since June 2014. Mr. Stournaras has been Member of Governing ...


Board Members

Experienced Board: TELL's board of directors are not considered experienced ( 1.3 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

Bank of Greece's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bank of Greece
  • Ticker: TELL
  • Exchange: ATSE
  • Founded: 1927
  • Industry: Specialized Finance
  • Sector: Diversified Financials
  • Market Cap: €303.933m
  • Shares outstanding: 19.86m
  • Website: https://www.bankofgreece.gr

Location

  • Bank of Greece
  • 21 El. Venizelos Str.
  • Athens
  • 102 50
  • Greece

Listings


Biography

Bank of Greece operates as the central bank of Greece. It participates in the formulation and implementation of monetary policy in the euro area as a member of the Eurosystem; and offers liquidity to domes...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/17 22:43
End of Day Share Price2021/06/17 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.