Piraeus Financial Holdings S.A (TPEIR) - Net Assets
Based on the latest financial reports, Piraeus Financial Holdings S.A (TPEIR) has net assets worth €8.87 Billion EUR (≈ $10.36 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€81.25 Billion ≈ $94.99 Billion USD) and total liabilities (€72.38 Billion ≈ $84.62 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Piraeus Financial Holdings S.A liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €8.87 Billion |
| % of Total Assets | 10.91% |
| Annual Growth Rate | 1.23% |
| 5-Year Change | 15.66% |
| 10-Year Change | -17.44% |
| Growth Volatility | 16.34 |
Piraeus Financial Holdings S.A - Net Assets Trend (2014–2024)
This chart illustrates how Piraeus Financial Holdings S.A's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Piraeus Financial Holdings S.A for the complete picture of this company's asset base.
Annual Net Assets for Piraeus Financial Holdings S.A (2014–2024)
The table below shows the annual net assets of Piraeus Financial Holdings S.A from 2014 to 2024. For live valuation and market cap data, see TPEIR market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €8.27 Billion ≈ $9.67 Billion |
+12.50% |
| 2023-12-31 | €7.35 Billion ≈ $8.60 Billion |
+12.22% |
| 2022-12-31 | €6.55 Billion ≈ $7.66 Billion |
+12.92% |
| 2021-12-31 | €5.80 Billion ≈ $6.78 Billion |
-18.87% |
| 2020-12-31 | €7.15 Billion ≈ $8.36 Billion |
-7.99% |
| 2019-12-31 | €7.77 Billion ≈ $9.09 Billion |
+3.57% |
| 2018-12-31 | €7.51 Billion ≈ $8.78 Billion |
-21.35% |
| 2017-12-31 | €9.54 Billion ≈ $11.16 Billion |
-2.85% |
| 2016-12-31 | €9.82 Billion ≈ $11.48 Billion |
-1.96% |
| 2015-12-31 | €10.02 Billion ≈ $11.72 Billion |
+36.85% |
| 2014-12-31 | €7.32 Billion ≈ $8.56 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Piraeus Financial Holdings S.A's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 583254600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €8.22 Billion | 100.00% |
| Total Equity | €8.22 Billion | 100.00% |
Piraeus Financial Holdings S.A Competitors by Market Cap
The table below lists competitors of Piraeus Financial Holdings S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alpha Services and Holdings S.A.
AT:ALPHA
|
$8.40 Billion |
|
ALIB.HL.INF.TEC.UNSP.ADR
F:TWYA
|
$8.42 Billion |
|
China Communications Construction Company Limited
F:CYY
|
$8.43 Billion |
|
Redeia Corporacion S.A.
MC:RED
|
$8.44 Billion |
|
Manhattan Associates Inc
NASDAQ:MANH
|
$8.39 Billion |
|
Builders FirstSource Inc
NYSE:BLDR
|
$8.37 Billion |
|
Hyundai Autoever Corp
KO:307950
|
$8.37 Billion |
|
PT Pantai Indah Kapuk Dua Tbk
JK:PANI
|
$8.37 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Piraeus Financial Holdings S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,298,000,000 to 8,217,000,000, a change of 919,000,000 (12.6%).
- Net income of 1,066,000,000 contributed positively to equity growth.
- Dividend payments of 79,000,000 reduced retained earnings.
- Share repurchases of 66,000,000 reduced equity.
- New share issuances of 64,000,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.07 Billion | +12.97% |
| Dividends Paid | €79.00 Million | -0.96% |
| Share Repurchases | €66.00 Million | -0.8% |
| Share Issuances | €64.00 Million | +0.78% |
| Other Changes | €-66.00 Million | -0.8% |
| Total Change | €- | 12.59% |
Book Value vs Market Value Analysis
This analysis compares Piraeus Financial Holdings S.A's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.21x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.96x to 1.21x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | €8.26 | €7.95 | x |
| 2015-12-31 | €11.35 | €7.95 | x |
| 2016-12-31 | €11.07 | €7.95 | x |
| 2017-12-31 | €10.79 | €7.95 | x |
| 2018-12-31 | €8.47 | €7.95 | x |
| 2019-12-31 | €8.77 | €7.95 | x |
| 2020-12-31 | €8.08 | €7.95 | x |
| 2021-12-31 | €4.63 | €7.95 | x |
| 2022-12-31 | €5.25 | €7.95 | x |
| 2023-12-31 | €5.86 | €7.95 | x |
| 2024-12-31 | €6.58 | €7.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Piraeus Financial Holdings S.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.97%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 38.68%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 9.74x
- Recent ROE (12.97%) is above the historical average (-6.64%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -27.25% | 0.00% | -0.01x | 12.38x | €-2.69 Billion |
| 2015 | -19.10% | 0.00% | -0.01x | 8.88x | €-2.88 Billion |
| 2016 | -0.36% | -2.88% | 0.01x | 8.43x | €-1.00 Billion |
| 2017 | -2.12% | -512.82% | 0.00x | 7.16x | €-1.14 Billion |
| 2018 | -2.15% | -8.53% | 0.03x | 8.37x | €-898.00 Million |
| 2019 | 1.18% | 4.88% | 0.03x | 7.99x | €-675.90 Million |
| 2020 | -9.39% | -35.25% | 0.03x | 10.16x | €-1.37 Billion |
| 2021 | -52.06% | -130.32% | 0.03x | 13.79x | €-3.59 Billion |
| 2022 | 14.50% | 41.29% | 0.03x | 11.55x | €294.70 Million |
| 2023 | 10.80% | 30.50% | 0.03x | 10.48x | €58.20 Million |
| 2024 | 12.97% | 38.68% | 0.03x | 9.74x | €244.30 Million |
Industry Comparison
This section compares Piraeus Financial Holdings S.A's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $4,888,499,934
- Average return on equity (ROE) among peers: 19.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Piraeus Financial Holdings S.A (TPEIR) | €8.87 Billion | -27.25% | 8.17x | $8.39 Billion |
| Alpha Services and Holdings S.A. (ALPHA) | $8.48 Billion | 1.14% | 6.49x | $8.40 Billion |
| National Bank of Greece S.A (ETE) | $8.45 Billion | 13.70% | 7.87x | $11.93 Billion |
| Eurobank Ergasias Services and Holdings S.A. (EUROB) | $6.75 Billion | 3.48% | 8.84x | $12.88 Billion |
| Attica Bank S.A. (TATT) | $-54.59 Million | 0.00% | 0.00x | $2.54 Billion |
| Bank of Greece (TELL) | $815.50 Million | 80.26% | 125.50x | $319.82 Million |
About Piraeus Financial Holdings S.A
Piraeus Financial Holdings S.A., together with its subsidiaries, engages in the provision of banking products and services in Greece and internationally. It operates through Retail Banking, Corporate Banking, Piraeus Financial Markets, Other, and NPE Management Unit segments. The company offers time, saving, and current deposits, as well as personal banking and payroll accounts; credit, debit, an… Read more