Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Eurobank Ergasias Services and Holdings S.A. (EUROB.AT)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$20.11 - $72.70$63.73
Multi-Stage$9.17 - $10.04$9.60
Blended Fair Value$36.67
Current Price$3.28
Upside1,017.85%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%39.79%0.090.000.000.000.000.000.000.000.000.01
YoY Growth--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-100.00%100.00%
Dividend Yield--3.76%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.84%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,346.00
(-) Cash Dividends Paid (M)386.00
(=) Cash Retained (M)960.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)269.20168.25100.95
Cash Retained (M)960.00960.00960.00
(-) Cash Required (M)-269.20-168.25-100.95
(=) Excess Retained (M)690.80791.75859.05
(/) Shares Outstanding (M)3,681.893,681.893,681.89
(=) Excess Retained per Share0.190.220.23
LTM Dividend per Share0.100.100.10
(+) Excess Retained per Share0.190.220.23
(=) Adjusted Dividend0.290.320.34
WACC / Discount Rate7.03%7.03%7.03%
Growth Rate5.50%6.50%7.50%
Fair Value$20.11$63.73$72.70
Upside / Downside513.02%1,843.13%2,116.56%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,346.001,433.491,526.671,625.901,731.581,844.141,899.46
Payout Ratio28.68%40.94%53.21%65.47%77.74%90.00%92.50%
Projected Dividends (M)386.00586.90812.291,064.491,346.061,659.721,757.00

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.03%7.03%7.03%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)543.18548.33553.48
Year 2 PV (M)695.77709.03722.40
Year 3 PV (M)843.88868.10892.79
Year 4 PV (M)987.601,025.581,064.64
Year 5 PV (M)1,127.021,181.451,237.97
PV of Terminal Value (M)29,571.7131,000.0432,483.03
Equity Value (M)33,769.1635,332.5236,954.31
Shares Outstanding (M)3,681.893,681.893,681.89
Fair Value$9.17$9.60$10.04
Upside / Downside179.62%192.57%206.00%

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