Financials Piraeus Financial Holdings S.A.

Equities

TPEIR

GRS014003032

Banks

Market Closed - Athens S.E. 10:19:05 2024-04-26 am EDT 5-day change 1st Jan Change
3.98 EUR +1.50% Intraday chart for Piraeus Financial Holdings S.A. +5.29% +24.38%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 366.8 1,305 567.3 1,613 1,796 4,962 4,962 -
Enterprise Value (EV) 1 366.8 1,305 567.3 1,613 1,796 3,988 4,962 4,962
P/E ratio -4.39 x 9.06 x -0.86 x -0.37 x 2.11 x 5.08 x 5.2 x 5.29 x
Yield - - - - - 1.12% 3.93% 6.17%
Capitalization / Revenue 0.19 x 0.6 x 0.3 x 0.64 x 0.7 x 1.56 x 1.94 x 2.01 x
EV / Revenue 0.19 x 0.6 x 0.3 x 0.64 x 0.7 x 1.56 x 1.94 x 2.01 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.05 x 0.17 x 0.08 x 0.28 x 0.27 x 0.74 x 0.66 x 0.61 x
Nbr of stocks (in thousands) 26,463 26,461 26,445 1,250,241 1,249,208 1,246,680 1,246,680 -
Reference price 2 13.86 49.34 21.45 1.290 1.438 3.980 3.980 3.980
Announcement Date 3/29/19 3/30/20 3/16/21 3/15/22 2/24/23 2/14/24 - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 1,882 2,174 1,893 2,526 2,582 2,550 2,554 2,464
EBITDA - - - - - - - -
EBIT 1 721 1,161 809 1,592 1,694 1,751 1,666 1,605
Operating Margin 38.31% 53.4% 42.74% 63.02% 65.61% 68.67% 65.21% 65.15%
Earnings before Tax (EBT) 1 80 389 -530 -2,691 1,037 1,078 1,311 1,301
Net income 1 -159 280 -652 -3,013 899 788 963.9 973.1
Net margin -8.45% 12.88% -34.44% -119.28% 34.82% 30.9% 37.74% 39.49%
EPS 2 -3.158 5.445 -24.92 -3.510 0.6800 0.6300 0.7655 0.7525
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - - - - 0.0445 0.1566 0.2455
Announcement Date 3/29/19 3/30/20 3/16/21 3/15/22 2/24/23 2/14/24 - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S1 2020 S1 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 894 922 606 432 629 983 513 464 576 577 662 653 680 658.3 663.3 644.7 628.3
EBITDA - - - - - - - - - - - - - - - - -
EBIT 1 417 470 340 204 415 502 298 249 282 371 461 457 462 441 - - -
Operating Margin 46.64% 50.98% 56.11% 47.22% 65.98% 51.07% 58.09% 53.66% 48.96% 64.3% 69.64% 69.98% 67.94% 66.99% - - -
Earnings before Tax (EBT) 1 - - -1,980 -603 250 - 93 158 231 255 - - 311 366 - - -
Net income 1 40 -149 -2,046 -638 76 - 92 168 170 180 - - 211 267 - - -
Net margin 4.47% -16.16% -337.62% -147.69% 12.08% - 17.93% 36.21% 29.51% 31.2% - - 31.03% 40.56% - - -
EPS 2 - - - -0.5100 - - - 0.1300 0.1300 - - - 0.1600 0.2100 - - -
Dividend per Share - - - - - - - - - - - - - - - - -
Announcement Date 8/30/19 8/4/20 8/9/21 11/19/21 3/15/22 5/12/22 8/3/22 11/11/22 2/24/23 5/5/23 7/31/23 11/3/23 2/14/24 - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 2.2% 3.59% -4.56% -46.8% 9.32% 15.1% 13.8% 12%
ROA (Net income/ Total Assets) -0.25% 0.44% -0.98% -3.98% 1.16% 1.04% 1.4% 1.15%
Assets 1 64,660 63,839 66,403 75,704 77,728 75,544 68,655 84,838
Book Value Per Share 2 279.0 290.0 270.0 4.630 5.260 5.400 6.020 6.500
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 3/29/19 3/30/20 3/16/21 3/15/22 2/24/23 2/14/24 - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
3.98 EUR
Average target price
4.996 EUR
Spread / Average Target
+25.53%
Consensus
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