37QB Stock Overview

Provides corporate and retail banking services primarily in the Republic of Kazakhstan, Kyrgyzstan, Georgia, and Uzbekistan. More details

37QB fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	2/6
Past Performance	4/6
Financial Health	4/6
Dividends	5/6

Rewards

Trading at 68.9% below our estimate of its fair value

Revenue is forecast to grow 5.48% per year

Earnings have grown 18.4% per year over the past 5 years

Risk Analysis

Shares are highly illiquid

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

Halyk Bank of Kazakhstan Joint Stock Company Competitors

TBC Bank Group

LSE:TBCG

UK£1.7b

Bank of Georgia Group

LSE:BGEO

UK£2.0b

Standard Chartered

LSE:STAN

UK£23.6b

NatWest Group

LSE:NWG

UK£32.2b

Price History & Performance

Summary of share price highs, lows and changes for Halyk Bank of Kazakhstan
Historical stock prices
Current Share Price	US$17.14
52 Week High	US$17.87
52 Week Low	US$17.14
Beta	0.95
1 Month Change	0%
3 Month Change	n/a
1 Year Change	38.58%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	471.39%

Recent updates

Shareholder Returns

	37QB	GB Banks	GB Market
7D	0%	1.7%	0.8%
1Y	38.6%	33.1%	2.7%

Return vs Industry: 37QB exceeded the UK Banks industry which returned 22.4% over the past year.

Return vs Market: 37QB exceeded the UK Market which returned 11.6% over the past year.

Price Volatility

Is 37QB's price volatile compared to industry and market?
37QB volatility
37QB Average Weekly Movement	n/a
Banks Industry Average Movement	3.7%
Market Average Movement	4.7%
10% most volatile stocks in GB Market	10.4%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: 37QB's share price has been volatile over the past 3 months compared to the UK market.

Volatility Over Time: Insufficient data to determine 37QB's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1923	16,459	Umut Shayakhmetova	halykbank.kz

Halyk Bank of Kazakhstan Joint Stock Company, together with its subsidiaries, provides corporate and retail banking services primarily in the Republic of Kazakhstan, Kyrgyzstan, Georgia, and Uzbekistan. It operates through four segments: Corporate Banking, SME Banking, Retail Banking, and Investment Banking. The company’s products and services include current and correspondent accounts; various deposit products; investment savings products; credit and debit cards; consumer loans and mortgages; custody, and foreign currency related services; overdrafts; other credit facilities; and letters of credit, trade finance products, foreign exchange, interbank operations, cash services, and documentary services.

Halyk Bank of Kazakhstan Joint Stock Company Fundamentals Summary

How do Halyk Bank of Kazakhstan's earnings and revenue compare to its market cap?
37QB fundamental statistics
Market cap	US$4.88b
Earnings (TTM)	US$1.45b
Revenue (TTM)	US$2.59b

3.4x

P/E Ratio

0.9x

P/B Ratio

Is 37QB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
37QB income statement (TTM)
Revenue	₸1.25t
Cost of Revenue	₸5.60b
Gross Profit	₸1.24t
Other Expenses	₸541.39b
Earnings	₸701.71b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	2.57k
Gross Margin	99.55%
Net Profit Margin	56.20%
Debt/Equity Ratio	65.0%

How did 37QB perform over the long term?

See historical performance and comparison

Dividends

11.8%

Current Dividend Yield

40%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/10/20 13:20
End of Day Share Price	2024/07/23 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Halyk Bank of Kazakhstan Joint Stock Company is covered by 19 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jason Hurwitz	Alfa Bank
Olga Veselova	BofA Global Research
Simon Nellis	Citigroup Inc