National Bank of Greece S.A. (ADR)

Factors to consider:

• Company pays dividends (irregularly): last record date 2025-11-17, amount 0.19$ (Y1.10%)
• Current price 78.1% above estimated high
• Earnings for 6 months up through Q2 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: [7.13$, 9.71$]
• 2025-12-31 to 2026-12-31 estimated range: [7.45$, 10.28$]

Financial Metrics affecting the NBGRY estimates:

• Positive: with PPE of 5.8 at the end of fiscal year the price was very low
• Positive: Operating profit margin, % of 42.47 > 18.64
• Negative: Operating cash flow per share per price, % of -35.85 <= 0.33
• Positive: Industry earnings per price (median), % of 6.49 > 4.43
• Positive: -2.95 < Return on assets ratio (scaled to [-100,100]) of 1.52
• Negative: -0.75 < Inventory ratio change, % of 0
• Negative: Shareholder equity ratio, % of 11.24 <= 18.93
• Positive: Industry operating profit margin (median), % of 19.98 > 9.92
• Positive: Industry operating cash flow per share per price (median), % of 10.66 > 10.33