Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM Ps Multiple | 3.9x - 4.3x | 4.1x |
| Selected Fwd Ps Multiple | 2.9x - 3.2x | 3.1x |
| Fair Value | €4.39 - €4.85 | €4.62 |
| Upside | -43.0% - -37.0% | -40.0% |
| Benchmarks | Ticker | Full Ticker |
|---|---|---|
| Eurobank Ergasias Services and Holdings S.A. | - | ATSE:EUROB |
| Piraeus Financial Holdings S.A. | - | ATSE:TPEIR |
| Aktia Pankki Oyj | - | HLSE:AKTIA |
| Erste Group Bank AG | - | DB:EBO |
| Bank of Cyprus Holdings Public Limited Company | - | ATSE:BOCHGR |
| Optima bank S.A. | - | ATSE:OPTIMA |
| Select Price / LTM Sales Ratio | ||||||||
| Benchmark Companies | ||||||||
| EUROB | TPEIR | AKTIA | EBO | BOCHGR | OPTIMA | |||
| ATSE:EUROB | ATSE:TPEIR | HLSE:AKTIA | DB:EBO | ATSE:BOCHGR | ATSE:OPTIMA | |||
| Historical Sales Growth | ||||||||
| 5Y CAGR | 20.9% | 12.5% | 16.5% | 8.4% | 19.9% | 92.1% | ||
| 3Y CAGR | 29.8% | 8.9% | 15.0% | 12.5% | 26.8% | 74.8% | ||
| Latest Twelve Months | 18.7% | 3.3% | -0.6% | 4.1% | -4.7% | 13.8% | ||
| Historical Net Income Profit Margin | ||||||||
| 5 Year Average Margin | -48.8% | -48.2% | 31.0% | 32.1% | 12.0% | 47.5% | ||
| Prior Fiscal Year | 51.6% | 34.2% | 29.0% | 28.3% | 47.9% | 56.3% | ||
| Latest Fiscal Year | 48.2% | 40.2% | 25.5% | 27.7% | 47.8% | 59.9% | ||
| Latest Twelve Months | 45.4% | 39.3% | 22.4% | 27.9% | 47.4% | 61.0% | ||
| Current Trading Multiples | ||||||||
| EV / LTM EBITDA | NA | NA | NA | NA | NA | NA | ||
| Price / LTM Sales | 3.9x | 3.3x | 2.5x | 3.1x | 3.2x | 6.8x | ||
| LTM P/E Ratio | 8.6x | 8.5x | 11.3x | 11.0x | 6.8x | 11.2x | ||
| Low | Mid | High | ||||||
| Benchmark LTM P/S Ratio | 2.5x | 3.2x | 3.9x | |||||
| Historical LTM P/S Ratio | 3.6x | 3.9x | 4.1x | |||||
| Selected Price / Sales Multiple | 3.9x | 4.1x | 4.3x | |||||
| (x) LTM Sales | 249 | 249 | 249 | |||||
| (=) Equity Value | 961 | 1,011 | 1,062 | |||||
| (/) Shares Outstanding | 221.3 | 221.3 | 221.3 | |||||
| Implied Value Range | 4.34 | 4.57 | 4.80 | |||||
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | Market Price | ||||
| Implied Value Range (Trading Cur) | 4.34 | 4.57 | 4.80 | 7.70 | ||||
| Upside / (Downside) | -43.6% | -40.6% | -37.7% | |||||
| Equity Value | |||||||
| Benchmark Companies | |||||||
| (in millions) | EUROB | TPEIR | AKTIA | EBO | BOCHGR | OPTIMA | |
| Value of Common Equity | 12,304 | 8,995 | 731 | 33,107 | 3,252 | 1,704 | |
| (/) Shares Outstanding | 3,646.8 | 1,249.2 | 73.2 | 388.1 | 440.7 | 221.3 | |
| Implied Stock Price | 3.37 | 7.20 | 9.99 | 85.30 | 7.38 | 7.70 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 3.37 | 7.20 | 9.99 | 85.30 | 7.38 | 7.70 | |
| Trading Currency | EUR | EUR | EUR | EUR | EUR | EUR | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |