공시 • Oct 03
X5 Retail Group Announces Cancellation of Listing of its GDRs on the Official List of the Financial Conduct Authority and Admission to Trading on the Main Market of the London Stock Exchange Main Market, Effective October 1, 2024 X5 Retail Group N.V. (the ‘Company’), further to the announcement made by the Company on 2 September 2024, announced that the listing of its global depositary receipts (GDRs) issued under Regulation S (ISIN US98387E2054) and Rule 144A (ISIN US98387E1064) on the Official List of the UK Financial Conduct Authority and the admission of the GDRs to trading on the Main Market for listed securities of the London Stock Exchange Main Market have been cancelled effective as of 1 October 2024, 08:00 am (London time). 공시 • Sep 03
X5 Retail Group Announces Intention to Delist its GDRs from the London Stock Exchange X5 Retail Group N.V. announced its intention to request: (i) cancellation of the listing (‘Listing’) of the Company's global depositary receipts (‘GDRs’) (ISIN US98387E2054 and ISIN US98387E1064) on the Official List of listed securities (the ‘Official List’) maintained by the UK Financial Conduct Authority (‘FCA’); and (ii) cancellation of the admission to trading (‘Admission’) of the GDRs on the main market for listed securities of the London Stock Exchange (the ‘LSE’) (together, the ‘Delisting’). The Company simultaneously anticipates a cancellation of the listing of its GDRs on the Moscow Exchange. This decision has been taken by the Management Board of the Company as part of ongoing measures following its receipt of the notice of resignation from The Bank of New York Mellon (‘BNY’) as depositary for the Company's GDR programme, as announced by the Company on 13 June 2024. Service of the notice of resignation will, among other things, entitle BNY to serve a notice to terminate the GDR programme if a successor depositary has not been appointed by 18 September 2024. Since receiving the notice of resignation, the Company has made extensive efforts to identify and appoint a successor depositary. Based on its discussions with potential successor depositaries, the Company believes that it will be easier to appoint a successor depositary if the Listing and Admission are cancelled. The Company also believes that it is preferable to retain the GDR programme, albeit with unlisted GDRs, rather than have the programme terminated. In addition, following the suspension of the Admission by the LSE on 3 March 2022, there has been no active public market in the GDRs for approximately 30 months. The Management Board of the Company has therefore concluded that Delisting will have little significant impact on the ability of GDR holders to trade their GDRs. 공시 • Apr 24
Moscow Court Postpones Ruling on X5 Retail Group N.V.'S Subsidiary X5 Retail Group N.V. announced that the Arbitration Court of the Moscow Region (the "Court") has adjourned its hearing regarding a claim brought by the Ministry of Industry and Trade of the Russian Federation to suspend the Company's corporate rights in its Russian subsidiary, X5 Corporate Centre LLC. 공시 • Mar 26
X5 Retail Group N.V., Annual General Meeting, May 08, 2024 X5 Retail Group N.V., Annual General Meeting, May 08, 2024, at 11:00 Central European Standard Time. Location: Zuidplein 196, 1077 XV Amsterdam Netherlands Agenda: To consider Report of the Management Board for the financial year 2023; 2023 Remuneration Report; Proposal to adopt the 2023 Financial Statements with explanation of the status of the independent auditor's report; Proposal to amend the remuneration policy for the Supervisory Board. 공시 • Aug 02
X5 Retail Group N.V. (LSE:FIVE) secured an agreement to acquire Victoria Baltia. X5 Retail Group N.V. (LSE:FIVE) secured an agreement to acquire Victoria Baltia on August 1, 2023. The deal encompasses 118 stores with a total selling space of 92,000 square metres, including leased facilities. In addition, X5 will take ownership of two distribution centres in the Kaliningrad Region with a total space of 14,200 square metres. The current management team of Victoria Baltia will continue to manage the company. The deal has been approved by the Federal Antimonopoly Service (FAS) of the Russian Federation. 공시 • Jun 01
X5 Retail Group N.V., Annual General Meeting, Jun 30, 2023 X5 Retail Group N.V., Annual General Meeting, Jun 30, 2023, at 11:00 Central European Standard Time. Location: Zuidplein 196 1077 XV Amsterdam Amsterdam Netherlands Agenda: To consider report of the Management Board for the financial year 2022; to consider 2022 Remuneration Report; to consider proposal to adopt the 2022 Financial Statements with explanation of the status of the independent auditor's report; to consider remuneration policy for the Supervisory Board; to consider Re-appointment of Igor Shekhterman, Frank Lhoest and Quinten Peer as members of the Management Board; and to consider re-appointment of Peter Demchenkov as member of the Supervisory Board. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: ₽9.20 (vs ₽28.13 in 1Q 2021) First quarter 2022 results: EPS: ₽9.20 (down from ₽28.13 in 1Q 2021). Revenue: ₽604.2b (up 19% from 1Q 2021). Net income: ₽2.50b (down 67% from 1Q 2021). Profit margin: 0.4% (down from 1.5% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 14%, compared to a 7.5% growth forecast for the industry in Russia. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 27
Price target decreased to ₽2,914 Down from ₽3,422, the current price target is an average from 5 analysts. New target price is 160% above last closing price of ₽1,120. Stock is down 52% over the past year. Price Target Changed • Mar 29
Price target decreased to ₽2,914 Down from ₽3,422, the current price target is an average from 3 analysts. New target price is 158% above last closing price of ₽1,130. Stock is down 53% over the past year. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 39% share price decline to ₽1,115, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Consumer Retailing industry in Europe. Total loss to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₽1,373 per share. Buying Opportunity • Feb 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be ₽2,092, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% per annum over the last 3 years. Earnings per share has grown by 4.4% per annum over the last 3 years. Buying Opportunity • Jan 24
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be ₽2,103, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% per annum over the last 3 years. Earnings per share has grown by 4.4% per annum over the last 3 years. Upcoming Dividend • Dec 09
Upcoming dividend of US$0.99 per share Eligible shareholders must have bought the stock before 16 December 2021. Payment date: 30 December 2021. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 11%. Within top quartile of Russian dividend payers (8.2%). Higher than average of industry peers (3.7%). Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS ₽45.02 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₽543.6b (up 12% from 3Q 2020). Net income: ₽12.2b (up 56% from 3Q 2020). Profit margin: 2.2% (up from 1.6% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • May 19
Independent Member of Supervisory Board has left the company On the 12th of May, Karl-Heinz Holland's tenure as Independent Member of Supervisory Board ended after 2.7 years in the role. We don't have any record of a personal shareholding under Karl-Heinz's name. A total of 2 executives have left over the last 12 months. Executive Departure • May 19
Chief Financial Officer has left the company On the 17th of May, Svetlana Demyashkevich's tenure as Chief Financial Officer ended after 3.9 years in the role. We don't have any record of a personal shareholding under Svetlana's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS ₽28.13 (vs ₽14.73 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₽507.2b (up 8.1% from 1Q 2020). Net income: ₽7.64b (up 91% from 1Q 2020). Profit margin: 1.5% (up from 0.9% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Mar 21
Full year 2020 earnings released: EPS ₽104 (vs ₽71.83 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₽1.98t (up 14% from FY 2019). Net income: ₽28.3b (up 45% from FY 2019). Profit margin: 1.4% (up from 1.1% in FY 2019). The increase in margin was driven by higher revenue. Like-for-like sales growth: 5.5% vs FY 2019 Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Executive Departure • Mar 21
Independent Member of Supervisory Board has left the company On the 18th of March, Karl-Heinz Holland's tenure as Independent Member of Supervisory Board ended after 2.6 years in the role. We don't have any record of a personal shareholding under Karl-Heinz's name. A total of 2 executives have left over the last 12 months. Price Target Changed • Mar 06
Price target raised to ₽3,828 Up from ₽3,467, the current price target is an average from 13 analysts. The new target price is 57% above the current share price of ₽2,437. As of last close, the stock is up 22% over the past year. Is New 90 Day High Low • Feb 26
New 90-day low: ₽2,444 The company is down 12% from its price of ₽2,778 on 27 November 2020. The Russian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₽7,048 per share. Is New 90 Day High Low • Feb 10
New 90-day low: ₽2,608 The company is down 7.0% from its price of ₽2,807 on 12 November 2020. The Russian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₽7,302 per share. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of ₽25.7b, down 3.3% from the prior year. Total revenue was ₽1.92t over the last 12 months, up 14% from the prior year. Is New 90 Day High Low • Oct 14
New 90-day high: ₽3,030 The company is up 19% from its price of ₽2,541 on 16 July 2020. The Russian market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₽4,871 per share. Is New 90 Day High Low • Sep 24
New 90-day high: ₽2,980 The company is up 20% from its price of ₽2,482 on 26 June 2020. The Russian market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₽4,892 per share.