Alpha Bank S.A. (ALPHA.AT) stock analysis

In our weekly check, Alpha Bank S.A. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 18 pass, warnings: 2, red flags: 5.

About Alpha Bank S.A.

Alpha Bank S.A. is a Financial Services company (Banks - Diversified) based in Greece, listed on ATH as ALPHA.AT.

What our checks show for ALPHA.AT

Red flags

• Analysts expect revenue to shrink about 5.7% a year.
• The stock has fallen as much as 100% from a peak. Would you have held through that?
• Return on capital (ROCE) is only 1.3%.

Warning signs

• The price swings a lot: 41.1% annual volatility. Expect large ups and downs.
• The stock is still below its previous peak.

Strengths

• The net margin rose by 1194 points over 5 years, to 27.5%.
• The gross margin is 61.1% and has risen by 167 points: pricing power is holding.
• Operating cash flow is 1.89x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 16.5% a year over the next years.
• Analysts expect the net margin to improve by 13.3 points from today's 27.5%.
• Earnings per share grew 32.5% a year over the last 3 years.

Next earnings report: 2026-10-30

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Questions

What grade does Alpha Bank S.A. (ALPHA.AT) have?

In our weekly check, Alpha Bank S.A. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 18 pass, warnings: 2, red flags: 5. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of ALPHA.AT stock?

This week's biggest flags for Alpha Bank S.A.: Weak revenue forecast, Deep past fall, Low return on capital. In total 7 of 25 checks show a warning or a red flag.

What does Alpha Bank S.A. do?

Alpha Bank S.A. is a Financial Services company (Banks - Diversified) based in Greece, listed on ATH as ALPHA.AT.

When does Alpha Bank S.A. report earnings next?

The next earnings report is expected on 2026-10-30. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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