Full history for every metric is available with a Kvantra account
Key financial summary
Financials in EUR| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total net revenue | €m | 2,602 | 2,020 | 2,119 | 2,778 | 2,876 | 2,315 | 2,459 | - |
| Operating profit | €m | 1,647 | 1,507 | ||||||
| Net profit | €m | 33 | 867 | 1,120 | 1,106 | 1,158 | 1,259 | 1,143 | 1,398 |
| EPS reported | € | 1.27 | 1.22 | ||||||
| Operating cashflow per share | € | 1.49 | 0.82 | ||||||
| Capex per share | € | 0.54 | 0.54 | ||||||
| FCF per share | € | 0.95 | 0.28 | ||||||
| Free cash flow | €m | 941 | 274 | ||||||
| Net debt | €m | 1,495 | 4,446 | ||||||
| Book value equity | €m | 9,055 | 9,197 | ||||||
| Book value per share | € | 9.12 | 9.36 | ||||||
| Number of shares | m | 992.75 | 982.95 | ||||||
| DPS (TTM paid) | € | 0.51 | 0.51 |
Financial summary
Financials in EUR| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 10.24 | 13.28 | ||||||
| P/B LTM | x | 1.43 | 1.60 | ||||||
| P/S LTM | x | 5.57 | 5.98 | ||||||
| P/FCF LTM | x | 13.71 | 53.67 | ||||||
| EV/EBITDA LTM | x | 7.85 | 11.48 | ||||||
| EV/Sales LTM | x | 5.23 | 7.79 | ||||||
| Earnings Yield LTM | % | 9.77% | 7.53% | ||||||
| FCF Yield | % | 7.29% | 1.86% | ||||||
| Quality | |||||||||
| ROE | % | 13.90% | 12.55% | ||||||
| ROIC | % | 1.60% | 5.77% | ||||||
| Operating margin | % | 59.14% | 52.00% | ||||||
| Gross margin | % | 93.21% | 88.41% | ||||||
| FCF/Sales | % | 33.79% | 9.45% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | 0.00% | +0.83% | ||||||
| Sales Growth YoY | % | -19.51% | -7.21% | ||||||
| Net Income Growth YoY | % | +8.72% | +3.91% | ||||||
| FCF Growth | % | -43.82% | -89.66% | ||||||
| Operating Profit Growth | % | +8.57% | -7.32% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 4.69% | 3.18% | ||||||
| Dividend Growth | % | -36.30% | - | ||||||
| Payout Ratio | % | 47.99% | 38.26% | ||||||
| FCF/Debt | x | 0.13 | 0.03 | ||||||
| Net Debt/EBITDA | x | 0.89 | 2.67 | ||||||
| EBIT/Net interest | x | 3.50 | 3.43 | ||||||
| Net debt/market cap | % | 11.58% | 30.23% | ||||||
| Net debt/Equity | x | 0.17 | 0.48 | ||||||
| Gross debt/equity | x | 0.79 | 1.01 | ||||||
ETFs that hold National Bank of Greece
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| iShares STOXX Europe Mid 200 UCITS ETF (DE) | EXSD.DE | 2 | 0.92% |
| Invesco Dorsey Wright Developed Markets Momentum ETF | PIZ | 6 | 2.38% |
| iShares EURO STOXX Mid UCITS ETF | IQQM.DE | 2 | 1.81% |
| Amundi MSCI Greece UCITS ETF Dist | LYMH.DE | 1 | 16.11% |
| abrdn Emerging Markets Dividend Active ETF | AGEM | 10 | 1.68% |
| Global X - MSCI Greece ETF | GREK | 1 | 14.91% |
Funds with National Bank of Greece among their ten largest holdings, largest fund first.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
Company overview
National Bank of Greece S.A. (NBG), a prominent financial institution, delivers a comprehensive suite of financial products and services across a broad international footprint. Its operations span Greece, the United Kingdom, North Macedonia, Romania, Cyprus, Bulgaria, Malta, Egypt, and Luxembourg. NBG organizes its diverse activities into several key operational divisions: Retail Banking, Corporate & Investment Banking, a dedicated Trouble Assets Unit, Global Markets and Asset Management, Insurance, International Banking Operations, and Other services. Retail Banking caters to individuals, professionals, and small to medium-sized enterprises (SMEs). This segment offers a wide array of services including various deposit and investment options, bancassurance, mortgage and consumer loans, financing for small businesses, and a full spectrum of card products (debit, credit, and prepaid). These services are accessible through its extensive branch network and digital platforms. The Corporate & Investment Banking segment provides tailored financial and investment advisory, deposit solutions, lending facilities, foreign exchange, and trade finance to its corporate clientele. It also specializes in providing credit to large and medium-sized corporations, alongside dedicated shipping finance services. A dedicated Trouble Assets Unit is responsible for the management and recovery of non-performing loans. The Global Markets and Asset Management division handles treasury operations, and offers comprehensive asset management, custody, private equity, and brokerage services. NBG's Insurance segment provides a diverse range of insurance products. Through its foreign branches, the International Banking Operations segment delivers a full suite of traditional commercial banking services, including commercial and retail credit, trade financing, foreign exchange, and deposit products. This segment also encompasses international shipping finance, investment banking, and brokerage activities. The "Other" segment primarily focuses on real estate management and warehousing operations. Within Greece, as of December 31, 2021, NBG maintains a substantial physical presence, featuring 337 branches, 16 Transaction Offices, 2 I-Bank Stores, and an extensive network of 1,474 ATMs. Established in 1841, National Bank of Greece S.A. is headquartered in Athens, Greece.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
National Bank of Greece S.A. (ETE.AT)
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| iShares STOXX Europe Mid 200 UCITS ETF (DE) | EXSD.DE | 2 | 0.92% |
| Invesco Dorsey Wright Developed Markets Momentum ETF | PIZ | 6 | 2.38% |
| iShares EURO STOXX Mid UCITS ETF | IQQM.DE | 2 | 1.81% |
| Amundi MSCI Greece UCITS ETF Dist | LYMH.DE | 1 | 16.11% |
| abrdn Emerging Markets Dividend Active ETF | AGEM | 10 | 1.68% |
| Global X - MSCI Greece ETF | GREK | 1 | 14.91% |
Funds with National Bank of Greece among their ten largest holdings, largest fund first.
Based on consensus from external analysts. Not Kvantra's opinion.
National Bank of Greece S.A. (NBG), a prominent financial institution, delivers a comprehensive suite of financial products and services across a broad international footprint. Its operations span Greece, the United Kingdom, North Macedonia, Romania, Cyprus, Bulgaria, Malta, Egypt, and Luxembourg. NBG organizes its diverse activities into several key operational divisions: Retail Banking, Corporate & Investment Banking, a dedicated Trouble Assets Unit, Global Markets and Asset Management, Insurance, International Banking Operations, and Other services. Retail Banking caters to individuals, professionals, and small to medium-sized enterprises (SMEs). This segment offers a wide array of services including various deposit and investment options, bancassurance, mortgage and consumer loans, financing for small businesses, and a full spectrum of card products (debit, credit, and prepaid). These services are accessible through its extensive branch network and digital platforms. The Corporate & Investment Banking segment provides tailored financial and investment advisory, deposit solutions, lending facilities, foreign exchange, and trade finance to its corporate clientele. It also specializes in providing credit to large and medium-sized corporations, alongside dedicated shipping finance services. A dedicated Trouble Assets Unit is responsible for the management and recovery of non-performing loans. The Global Markets and Asset Management division handles treasury operations, and offers comprehensive asset management, custody, private equity, and brokerage services. NBG's Insurance segment provides a diverse range of insurance products. Through its foreign branches, the International Banking Operations segment delivers a full suite of traditional commercial banking services, including commercial and retail credit, trade financing, foreign exchange, and deposit products. This segment also encompasses international shipping finance, investment banking, and brokerage activities. The "Other" segment primarily focuses on real estate management and warehousing operations. Within Greece, as of December 31, 2021, NBG maintains a substantial physical presence, featuring 337 branches, 16 Transaction Offices, 2 I-Bank Stores, and an extensive network of 1,474 ATMs. Established in 1841, National Bank of Greece S.A. is headquartered in Athens, Greece.
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