National Bank of Greece S.A.

Factors to consider:

• Company pays dividends (irregularly): last record date 2025-11-11, amount 0.26$ (Y1.73%)
• Earnings for 12 months up through Q4 exceed our estimates

Stock Forecast*

* forecast is subjective and experimental, should not be used for any investment decisions

Long term estimates were made for the period from 2024-12-31 to 2026-12-31

• 2024-12-31 to 2025-12-31 estimated range: [7.01$, 9.24$]
• 2025-12-31 to 2026-12-31 estimated range: [7.32$, 9.68$]

Financial Metrics affecting the NBGIF estimates:

• Positive: with PPE of 5.9 at the end of fiscal year the price was low
• Negative: Operating cash flow per share per price, % of -35.64 <= 0.01
• Positive: Operating profit margin, % of 42.47 > 18.38
• Positive: Industry operating cash flow per share per price (median), % of 10.58 > 10.29
• Negative: Shareholder equity ratio, % of 11.24 <= 19.40
• Positive: -3.43 < Return on assets ratio (scaled to [-100,100]) of 1.52
• Negative: Investing cash flow per share per price, % of -41.37 <= -14.22
• Positive: Industry inventory ratio change (median), % of 0 <= 0
• Positive: Industry earnings per price (median), % of 6.49 > 4.49