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Eurobank Ergasias Services and Holdings S.A.

EUROB.AT
58
Banks - Regional · Financial Services
Price
€4.60
-0.03 (-0.65%)
Market Cap
€16.55B
Exchange
Athens Stock Exchange
Winston Score
58
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 27, 2026 · filings through Jun 30, 2026
How the score breaks down
Growth
Good
Valuation
Strong
Dividends
Weak

Share count falling — buybacks

2.1% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 3.71B (2021) → 3.63B (2025)

Winston Score History

The full picture

Eurobank Ergasias Services and Holdings S.A., together with its affiliates, delivers a comprehensive array of financial and banking services primarily across Greece, Central, and Southeastern Europe. Its operations are structured into several key divisions: Retail, Corporate, Global Markets & Asset Management, International, Investment Property, and various other specialized areas. The company's extensive service portfolio includes standard banking offerings like current accounts, savings, diverse deposit and investment savings products, and both credit and debit cards. It provides financial solutions for small businesses, mortgage lending, overdraft facilities, and a range of other credit products. Furthermore, Eurobank engages in foreign exchange and derivatives, offers custody and clearing, cash management, and trade services, alongside corporate finance and merger and acquisition advisory. Institutional clients benefit from its financial instrument trading capabilities, specialized financial advice, and intermediation. The firm also manages mutual fund products, institutional asset management, and equity brokerage services. Its involvement extends to investment property activities, overseeing a portfolio of commercial real estate assets, and undertaking property management and other investment ventures. Private banking services are specifically tailored for medium and high-net-worth individuals. Additionally, Eurobank offers a broad spectrum of auxiliary services, including business-to-business e-commerce, accounting, tax advisory, leasing, factoring, loan and credit claim management, credit card and fund administration, and real estate services. The company also operates in informatics data processing. As of March 31, 2022, Eurobank Ergasias Services and Holdings S.A. commanded a significant physical presence with 647 branches and business/private banking centers. Founded in Athens, Greece, in 1990, the company maintains its headquarters there.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+80.5% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+10.0% YoY

YoY Growth Rate

Slow EPS growth

R&D Spend

€0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Cash Position

Cash flow positive

€104.4B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Eurobank Ergasias Services and Holdings S.A. grew revenue 80% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Bank Quality

Not applicable for this business.

Growth

Sales growth
Sales YoY
+10.6%
Steady sales growth (+10.6% YoY)
Profit growth
EPS YoY
+1.0%
Flat earnings

Single-digit earnings growth — steady but not exciting.

How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Capital Strength

Not applicable for this business.

Asset Quality

Not applicable for this business.

Valuation

Price vs profit
P/E Ratio (TTM)
12.0x
Attractive valuation — P/E 12.0

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
+1.6
GROWING
Earnings expected to grow — slightly cheaper on forward P/E

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Dividends

Dividend
Dividend Yield
1.56%
Small dividend — 1.56% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
-81.8%
Dividend cut (-81.8% YoY) — warning sign

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