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Sberbank of Russia

LSE:SBER
Snowflake Description

Undervalued with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SBER
LSE
RUB4,897B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

Sberbank of Russia provides corporate and retail banking services to individuals, small businesses, corporate clients, and financial institutions. The last earnings update was 56 days ago. More info.


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SBER Share Price and Events
7 Day Returns
-2.4%
LSE:SBER
-1.3%
GB Banks
1.2%
GB Market
1 Year Returns
-0.9%
LSE:SBER
-9.9%
GB Banks
2.5%
GB Market
SBER Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sberbank of Russia (SBER) -2.4% 6.1% 10.6% -0.9% 78.7% 71%
GB Banks -1.3% 6.6% 5.5% -9.9% 14.8% -12.4%
GB Market 1.2% 5.3% 9.8% 2.5% 16.9% 6.7%
1 Year Return vs Industry and Market
  • SBER outperformed the Banks industry which returned -9.9% over the past year.
  • SBER underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.5% over the past year.
Price Volatility
SBER
Industry
5yr Volatility vs Market

Value

 Is Sberbank of Russia undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Sberbank of Russia to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Sberbank of Russia.

LSE:SBER Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 10 analysts.
= Stable Book Value * Return on Equity
= RUB227.50 * 21.8%
RUB49.59
Book Value of Equity per Share Weighted future Book Value estimates from 9 analysts. RUB227.50
Discount Rate (Cost of Equity) See below 9.8%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:SBER
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 9.4%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.595 (1 + (1- 20%) (58%))
0.914
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.914 * 9.43%)
9.84%

Discounted Cash Flow Calculation for LSE:SBER using Excess Returns Model Model

The calculations below outline how an intrinsic value for Sberbank of Russia is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:SBER Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (21.8% – 9.84%) * RUB227.50)
RUB27.19
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= RUB27.19 / (9.84% - 1.23%)
RUB315.59
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= RUB227.50 + RUB315.59
RUB543.08
LSE:SBER Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:SBER represents 0.06343x of MISX:SBER
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.06343x
Value per Share
(Listing Adjusted, USD)
= Value per Share (RUB) x Listing Adjustment Factor
= RUB 543.08 x 0.06343
$34.45
Value per share (USD) From above. $34.45
Current discount Discount to share price of $14.45
= -1 x ($14.45 - $34.45) / $34.45
58.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Sberbank of Russia is available for.
Intrinsic value
>50%
Share price is $14.45 vs Future cash flow value of $34.45
Current Discount Checks
For Sberbank of Russia to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sberbank of Russia's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sberbank of Russia's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sberbank of Russia's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sberbank of Russia's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:SBER PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in RUB RUB38.17
MISX:SBER Share Price ** MISX (2019-04-25) in RUB RUB227.8
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 9.92x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.3x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Sberbank of Russia.

LSE:SBER PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= MISX:SBER Share Price ÷ EPS (both in RUB)

= 227.8 ÷ 38.17

5.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sberbank of Russia is good value based on earnings compared to the GB Banks industry average.
  • Sberbank of Russia is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Sberbank of Russia's expected growth come at a high price?
Raw Data
LSE:SBER PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.97x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
9.1%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.84x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 566 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

LSE:SBER PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.97x ÷ 9.1%

0.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sberbank of Russia is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Sberbank of Russia's assets?
Raw Data
LSE:SBER PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in RUB RUB179.11
MISX:SBER Share Price * MISX (2019-04-25) in RUB RUB227.8
United Kingdom of Great Britain and Northern Ireland Banks Industry PB Ratio Median Figure of 16 Publicly-Listed Banks Companies 0.87x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.52x
LSE:SBER PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= MISX:SBER Share Price ÷ Book Value per Share (both in RUB)

= 227.8 ÷ 179.11

1.27x

* Primary Listing of Sberbank of Russia.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sberbank of Russia is overvalued based on assets compared to the GB Banks industry average.
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Value checks
We assess Sberbank of Russia's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Sberbank of Russia has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Sberbank of Russia expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sberbank of Russia expected to grow at an attractive rate?
  • Sberbank of Russia's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Sberbank of Russia's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Sberbank of Russia's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:SBER Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:SBER Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 9.1%
LSE:SBER Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 9.9%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.9%
United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:SBER Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in RUB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:SBER Future Estimates Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,256,000
2022-12-31 2,736,600 1,182,000 2
2021-12-31 2,498,276 1,121,141 8
2020-12-31 2,314,757 1,034,487 9
2019-12-31 2,116,124 905,601 9
LSE:SBER Past Financials Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income *
2018-12-31 1,800,300 -1,543,200 820,700
2018-09-30 1,844,300 -878,200 837,300
2018-06-30 1,828,000 -868,100 834,700
2018-03-31 1,787,600 -755,500 809,600
2017-12-31 1,604,300 -1,336,400 711,500
2017-09-30 1,599,900 -1,020,400 687,000
2017-06-30 1,514,700 -602,500 609,500
2017-03-31 1,481,700 6,500 580,600
2016-12-31 1,432,700 173,500 538,600
2016-09-30 1,329,200 -16,700 470,900
2016-06-30 1,229,900 -1,383,300 399,200
2016-03-31 1,103,300 -1,724,800 310,200

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sberbank of Russia's earnings are expected to grow by 9.1% yearly, however this is not considered high growth (20% yearly).
  • Sberbank of Russia's revenue is expected to grow by 9.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:SBER Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Sberbank of Russia Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:SBER Future Estimates Data
Date (Data in RUB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 51.51 63.18 44.80 7.00
2020-12-31 47.05 53.34 43.20 8.00
2019-12-31 41.71 44.03 38.58 8.00
LSE:SBER Past Financials Data
Date (Data in RUB Millions) EPS *
2018-12-31 38.17
2018-09-30 38.94
2018-06-30 38.82
2018-03-31 37.66
2017-12-31 33.09
2017-09-30 31.95
2017-06-30 28.35
2017-03-31 27.00
2016-12-31 25.05
2016-09-30 21.90
2016-06-30 18.57
2016-03-31 14.43

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Sberbank of Russia is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Sberbank of Russia's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Sberbank of Russia has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Sberbank of Russia performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Sberbank of Russia's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Sberbank of Russia has delivered over 20% year on year earnings growth in the past 5 years.
  • Sberbank of Russia's 1-year earnings growth is less than its 5-year average (15.3% vs 26.3%)
  • Sberbank of Russia's earnings growth has not exceeded the GB Banks industry average in the past year (15.3% vs 42.2%).
Earnings and Revenue History
Sberbank of Russia's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Sberbank of Russia Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:SBER Past Revenue, Cash Flow and Net Income Data
Date (Data in RUB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,800,300.00 820,700.00 588,800.00
2018-09-30 1,844,300.00 837,300.00 63,000.00
2018-06-30 1,828,000.00 834,700.00 54,000.00
2018-03-31 1,787,600.00 809,600.00 51,900.00
2017-12-31 1,604,300.00 711,500.00 552,000.00
2017-09-30 1,599,900.00 687,000.00 401,300.00
2017-06-30 1,514,700.00 609,500.00 281,700.00
2017-03-31 1,481,700.00 580,600.00 158,500.00
2016-12-31 1,432,700.00 538,600.00 43,400.00
2016-09-30 1,329,200.00 470,900.00 39,000.00
2016-06-30 1,229,900.00 399,200.00 37,300.00
2016-03-31 1,103,300.00 310,200.00 36,100.00
2015-12-31 997,800.00 222,800.00 35,400.00
2015-09-30 935,100.00 199,600.00 34,500.00
2015-06-30 919,600.00 205,500.00 33,800.00
2015-03-31 950,600.00 246,300.00 33,100.00
2014-12-31 975,600.00 289,100.00 32,500.00
2014-09-30 993,600.00 333,300.00 29,700.00
2014-06-30 1,012,000.00 356,600.00 29,900.00
2014-03-31 992,700.00 345,500.00 -65,600.00
2013-12-31 997,500.00 360,700.00 27,700.00
2013-09-30 982,500.00 352,100.00 25,500.00
2013-06-30 960,100.00 345,200.00 24,000.00
2013-03-31 943,900.00 342,600.00 117,700.00
2012-12-31 930,300.00 346,200.00 21,300.00
2012-09-30 871,000.00 320,600.00 22,800.00
2012-06-30 831,600.00 312,700.00 19,900.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Sberbank of Russia has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Sberbank of Russia used its assets more efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if Sberbank of Russia improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Sberbank of Russia's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Sberbank of Russia has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Sberbank of Russia's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Sberbank of Russia's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Sberbank of Russia Company Filings, last reported 3 months ago.

LSE:SBER Past Debt and Equity Data
Date (Data in RUB Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,855,800.00 2,840,300.00 6,020,700.00
2018-09-30 3,660,700.00 2,653,600.00 4,385,100.00
2018-06-30 3,489,400.00 2,328,200.00 4,620,300.00
2018-03-31 3,583,500.00 2,705,700.00 4,610,600.00
2017-12-31 3,436,000.00 2,673,200.00 4,301,300.00
2017-09-30 3,267,000.00 2,544,600.00 3,667,000.00
2017-06-30 3,040,400.00 2,571,200.00 3,512,100.00
2017-03-31 2,958,900.00 2,537,900.00 3,629,700.00
2016-12-31 2,821,600.00 2,798,000.00 3,795,900.00
2016-09-30 2,733,000.00 3,234,000.00 3,139,400.00
2016-06-30 2,604,300.00 2,785,200.00 3,150,700.00
2016-03-31 2,499,700.00 3,737,600.00 3,337,900.00
2015-12-31 2,375,000.00 3,983,500.00 3,705,300.00
2015-09-30 2,242,700.00 4,735,900.00 3,973,100.00
2015-06-30 2,162,600.00 4,929,900.00 3,157,500.00
2015-03-31 2,096,900.00 5,701,900.00 2,702,000.00
2014-12-31 2,020,100.00 6,886,900.00 3,393,600.00
2014-09-30 2,013,800.00 4,974,900.00 1,832,300.00
2014-06-30 1,955,800.00 4,339,500.00 1,583,100.00
2014-03-31 1,925,700.00 4,303,200.00 1,671,100.00
2013-12-31 1,881,400.00 3,887,600.00 1,867,600.00
2013-09-30 1,799,500.00 3,293,200.00 1,299,300.00
2013-06-30 1,706,500.00 2,988,600.00 1,325,800.00
2013-03-31 1,707,600.00 2,836,300.00 1,369,200.00
2012-12-31 1,623,800.00 2,996,800.00 1,570,400.00
2012-09-30 1,523,700.00 2,393,800.00 940,400.00
2012-06-30 1,415,400.00 2,012,700.00 1,077,700.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Sberbank of Russia has an acceptable proportion of non-loan assets held.
  • Sberbank of Russia's liabilities are made up of primarily low risk sources of funding.
  • Loans at Sberbank of Russia are broadly funded by customer deposits.
  • Sberbank of Russia's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Sberbank of Russia has a low allowance for bad loans.
  • Sberbank of Russia has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Sberbank of Russia's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Sberbank of Russia has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Sberbank of Russia's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.02%
Current annual income from Sberbank of Russia dividends. Estimated to be 10.64% next year.
If you bought $2,000 of Sberbank of Russia shares you are expected to receive $140 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Sberbank of Russia's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • Sberbank of Russia's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.1%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:SBER Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Banks Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:SBER Future Dividends Estimate Data
Date (Data in RUB) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 30.75 4.00
2021-12-31 26.54 13.00
2020-12-31 23.78 14.00
2019-12-31 20.73 14.00
LSE:SBER Past Annualized Dividends Data
Date (Data in RUB) Dividend per share (annual) Avg. Yield (%)
2019-04-16 16.000 6.854
2018-04-17 12.000 5.895
2017-05-24 6.000 3.016
2016-11-15 1.970 1.197
2016-04-12 1.970 1.438
2015-05-28 0.450 0.524
2015-03-27 0.450 0.620
2015-03-25 0.450 0.716
2014-11-26 3.200 4.917
2014-08-28 3.200 4.253
2014-07-10 3.200 4.202
2013-06-03 2.570 2.805
2012-08-29 2.080 2.139
2012-03-28 2.080 2.337
2011-06-03 0.920 1.057
2010-03-22 0.080 0.089
2010-01-22 0.480 0.572

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sberbank of Russia has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Sberbank of Russia only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Sberbank of Russia's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Sberbank of Russia's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Sberbank of Russia afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sberbank of Russia has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Sberbank of Russia's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Herman Gref
AGE 54
TENURE AS CEO 11.4 years
CEO Bio

Mr. Herman Oskarovich Gref has been the Chief Executive Officer and Chairman of the Executive Board of PAO Sberbank of Russia since 2007 and has been its Member of Supervisory Board since June 2005. Mr. Gref is a Member of the Board of Trustees of World Economic Forum. He has been a Non-Executive Director of Yandex N.V. since May 2014. From 2000 to 2007, Mr. Gref served as the Minister for Economic Development of the Russian Federation and has previously served in a number of government positions at the federal and regional levels in Russia. He served as First Deputy Minister of State Property of the Russian Federation from 1998 to 2000; Vice Governor, St. Petersburg Mayor's Office from 1997 to 1998; Deputy Chairman, St. Petersburg Mayor's Office from 1994 to 1997; Deputy Head of Petrodvorets Administration from 1992 to 1994; Head of Petrodvorets District Agency, Committee for City Property Management, St. Petersburg Mayor's Office from 1992, and 1st Rank Legal Adviser at Economic Development and Property Committee, Petrodvorets and St. Petersburg Administration from 1991 to 1992. Mr. Gref holds a degree in law from Dostoyevsky Omsk State University in the year 1990, a Ph.D. in law from St Petersburg State University and a Ph.D. in economics from The Russian Presidential Academy of National Economy and Public Administration. Mr. Gref holds a Citation and Certificate of Honor from the President of the Russian Federation, the Order for Distinguished Service of Grade IV and the Stolypin Medal.

CEO Compensation
  • Insufficient data for Herman to compare compensation growth.
  • Insufficient data for Herman to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Sberbank of Russia management team in years:

6
Average Tenure
49
Average Age
  • The average tenure for the Sberbank of Russia management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Herman Gref

TITLE
Chairman of the Executive Board
AGE
54
TENURE
11.4 yrs

Bella Zlatkis

TITLE
Deputy Chairman of Executive Board & Supervisory Board Member
AGE
70
TENURE
14.9 yrs

Stanislav Kuznetsov

TITLE
Deputy Chairman of the Executive Board
AGE
56
TENURE
8.5 yrs

Anatoly Popov

TITLE
Deputy Chairman of Executive Board
AGE
44
TENURE
0.8 yrs

Alexander Vladimirovich Morozov

TITLE
Deputy Chairman of the Executive Board & CFO
AGE
49
TENURE
6.3 yrs

Oleg Ganeev

TITLE
Deputy Chairman of the Executive Board
AGE
46

Alexander Vedyakhin

TITLE
First Deputy Chairman of Executive Board
AGE
41
TENURE
0.8 yrs

Khasis Aronovich

TITLE
First Deputy Chairman of the Executive Board & COO
AGE
52
TENURE
5.8 yrs

Svetlana Kirsanova

TITLE
Deputy Chairman of the Executive Board & Head of the Retail Unit
AGE
35
TENURE
0.3 yrs

Alexey Minenko

TITLE
Senior MD
Board of Directors Tenure

Average tenure and age of the Sberbank of Russia board of directors in years:

1
Average Tenure
56.5
Average Age
  • The average tenure for the Sberbank of Russia board of directors is less than 3 years, this suggests a new board.
Board of Directors

Sergey Ignatiev

TITLE
Chairman of Supervisory Board
AGE
70
TENURE
16.8 yrs

Herman Gref

TITLE
Chairman of the Executive Board
AGE
54
TENURE
13.8 yrs

Sergei Shvetsov

TITLE
Deputy Chairman of the Supervisory Board
AGE
48
TENURE
0.8 yrs

Vladimir Mau

TITLE
Deputy Chairman of the Supervisory Board
AGE
59
TENURE
1.3 yrs

Bella Zlatkis

TITLE
Deputy Chairman of Executive Board & Supervisory Board Member
AGE
70
TENURE
0.8 yrs

Alexey Minenko

TITLE
Senior MD

Yulia Isakhanova

TITLE
Senior MD

Tatyana Domanskaya

TITLE
Exe. Director

Alexey Bogatov

TITLE
Senior MD
AGE
37
TENURE
0.8 yrs

Natalia Borodina

TITLE
Chairman of the Audit Commission
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Sberbank of Russia's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Sberbank of Russia has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Sberbank of Russia provides corporate and retail banking services to individuals, small businesses, corporate clients, and financial institutions. The company accepts fixed-term, settlement, and online deposits; savings certificates; trace and metals accounts; and certificates of deposit. Its loan products include consumer, mortgage, corporate, contract, overdraft, investment, working capital, and business start-up loans; loans for refinancing of loans; loans with bills; trade, lease transaction, development project, and carbon finance; loans to constituent entities and municipal units of the Russian Federation, defense industry companies, and agriculture industry; loans for financing of industrial projects; loans for cars, equipment, and real estate; loans for new projects; and interbank lending, guarantee, and loan refinance services. The company also offers debit, credit, social, and corporate cards; and life and health, bank card, and endowment and investment life, car, and real estate insurance products; and pension plans. In addition, it provides payment, transfer, promissory note, mutual fund, brokerage, custody, global market operation, clearing, cash collection, leasing, investment banking, structures product, merchant banking, depository, asset and cash management, international business and currency control, remote banking, currency exchange, and safe deposit box services. As of December 31, 2017, it had 14 regional head offices, 78 branches, and 14,312 sub-branches. The company carries out banking operation in Russia, Turkey, Ukraine, Kazakhstan, Belarus, Austria, Switzerland, other countries of Central and Eastern Europe, the United States, the United Kingdom, Cyprus, and internationally, as well as branch office in India, and representative offices in Germany and China. It has a strategic cooperation agreement with the accelerator of the Internet Initiatives Development Fund. The company was founded in 1841 and is headquartered in Moscow, Russia.

Details
Name: Sberbank of Russia
SBER
Exchange: LSE
Founded: 1841
RUB75,676,831,929
21,498,200,000
Website: http://www.sberbank.ru
Address: Sberbank of Russia
19 Vavilova Street,
Moscow,
117997,
Russia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
MISX SBER Ordinary Shares Micex - Rts RU RUB 01. Jan 1997
OTCPK AKSJ.F Ordinary Shares Pink Sheets LLC US USD 01. Jan 1997
KAS RU_SBER Ordinary Shares Kazakhstan Stock Exchange KZ KZT 01. Jan 1997
OTCPK SBRC.Y SPON ADR EACH REPR 4 ORD SHS Pink Sheets LLC US USD 02. Apr 2004
MISX SBERP RUB3 PRF(RUB) Micex - Rts RU RUB 16. Jan 1997
DB SBNC SPON ADR EACH REPR 4 ORD SHS Deutsche Boerse AG DE EUR 02. Apr 2004
LSE SBER SPON ADR EACH REPR 4 ORD SHS London Stock Exchange GB USD 02. Apr 2004
WBAG SBER SPON ADR EACH REPR 4 ORD SHS Wiener Boerse AG AT EUR 02. Apr 2004
BATS-CHIXE SBERL SPON ADR EACH REPR 4 ORD SHS BATS 'Chi-X Europe' GB USD 02. Apr 2004
Number of employees
Current staff
Staff numbers
293,752
Sberbank of Russia employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 21:58
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2019/04/25
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.