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TCS Group Holding

LSE:TCS
Snowflake Description

Undervalued with excellent balance sheet and pays a dividend.

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

TCS Group Holding PLC, through its subsidiaries, engages in online retail banking and insurance operations in the Russia. The last earnings update was 38 days ago. More info.


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TCS Share Price and Events
7 Day Returns
-0.5%
LSE:TCS
1%
GB Banks
0.6%
GB Market
1 Year Returns
-4%
LSE:TCS
-8.7%
GB Banks
1.1%
GB Market
TCS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TCS Group Holding (TCS) -0.5% 1.6% 7.9% -4% 436.3% 218.7%
GB Banks 1% 4.3% 4.4% -8.7% 17% -11.2%
GB Market 0.6% 2.6% 6.9% 1.1% 15.6% 6.2%
1 Year Return vs Industry and Market
  • TCS outperformed the Banks industry which returned -8.7% over the past year.
  • TCS underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.1% over the past year.
Price Volatility
TCS
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for TCS Group Holding's competitors could be found in our database.

TCS Value

 Is TCS Group Holding 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 TCS Group Holding 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 TCS Group Holding.

LSE:TCS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 8 analysts.
= Stable Book Value * Return on Equity
= RUB594.29 * 49.2%
RUB292.15
Book Value of Equity per Share Weighted future Book Value estimates from 7 analysts. RUB594.29
Discount Rate (Cost of Equity) See below 6%
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:TCS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.593 (1 + (1- 12.5%) (14.49%))
0.778
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.8 * 5.96%)
6%

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

The calculations below outline how an intrinsic value for TCS Group Holding 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:TCS Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (49.2% – 6%) * RUB594.29)
RUB256.53
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= RUB256.53 / (6% - 1.23%)
RUB5,380.18
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= RUB594.29 + RUB5,380.18
RUB5974.47
LSE:TCS Discount to Share Price
Calculation Result
Exchange Rate RUB/USD
(Reporting currency to currency of LSE:TCS)
0.016
Value per Share
(USD)
= Value per Share in RUB x Exchange Rate (RUB/USD)
= RUB5974.47 x 0.016
$93.28
Value per share (USD) From above. $93.28
Current discount Discount to share price of $19.20
= -1 x ($19.20 - $93.28) / $93.28
79.4%

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

Current Discount
Amount off the current price TCS Group Holding is available for.
Intrinsic value
>50%
Share price is $19.2 vs Future cash flow value of $93.28
Current Discount Checks
For TCS Group Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • TCS Group Holding's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • TCS Group Holding'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 TCS Group Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TCS Group Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:TCS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in RUB RUB153.54
LSE:TCS Share Price ** LSE (2019-04-18) in USD $19.2
LSE:TCS Share Price converted to RUB reporting currency Exchange rate (USD/ RUB) 64.049 RUB1229.73
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 10.35x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.29x

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

** Primary Listing of TCS Group Holding.

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

= LSE:TCS Share Price ÷ EPS (both in RUB)

= 1229.73 ÷ 153.54

8.01x

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

  • TCS Group Holding is good value based on earnings compared to the GB Banks industry average.
  • TCS Group Holding is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does TCS Group Holding's expected growth come at a high price?
Raw Data
LSE:TCS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
14.3%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.86x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.01x ÷ 14.3%

0.56x

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

  • TCS Group Holding is good value based on expected growth next year.
Price based on value of assets
What value do investors place on TCS Group Holding's assets?
Raw Data
LSE:TCS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in RUB RUB238.67
LSE:TCS Share Price * LSE (2019-04-18) in USD $19.2
LSE:TCS Share Price converted to RUB reporting currency Exchange rate (USD/ RUB) 64.049 RUB1229.73
United Kingdom of Great Britain and Northern Ireland Banks Industry PB Ratio Median Figure of 16 Publicly-Listed Banks Companies 0.88x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.51x
LSE:TCS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:TCS Share Price ÷ Book Value per Share (both in RUB)

= 1229.73 ÷ 238.67

5.15x

* Primary Listing of TCS Group Holding.

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

  • TCS Group Holding is overvalued based on assets compared to the GB Banks industry average.
X
Value checks
We assess TCS Group Holding'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. TCS Group Holding 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.

TCS Future Performance

 How is TCS Group Holding expected to perform in the next 1 to 3 years based on estimates from 11 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
14.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TCS Group Holding expected to grow at an attractive rate?
  • TCS Group Holding's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • TCS Group Holding's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • TCS Group Holding'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:TCS Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:TCS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 14.3%
LSE:TCS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 13.7%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
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:TCS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in RUB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:TCS Future Estimates Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 112,229 49,560 2
2021-12-31 94,191 43,672 5
2020-12-31 80,733 36,815 5
2019-12-31 71,049 33,452 3
LSE:TCS Past Financials Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income *
2018-12-31 63,135 -34,364 27,088
2018-09-30 59,622 1,279 25,395
2018-06-30 55,579 -1,452 23,142
2018-03-31 51,677 -5,809 21,379
2017-12-31 46,327 -10,917 19,019
2017-09-30 40,820 -18,719 16,332
2017-06-30 35,961 -13,589 14,180
2017-03-31 32,199 -7,006 12,494
2016-12-31 29,284 -3,826 11,011
2016-09-30 23,922 -34 8,239
2016-06-30 19,901 2,183 6,070
2016-03-31 15,638 -2,789 3,933

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • TCS Group Holding's earnings are expected to grow by 14.3% yearly, however this is not considered high growth (20% yearly).
  • TCS Group Holding's revenue is expected to grow by 13.7% 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:TCS 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 11 Analyst Estimates (S&P Global) See Below

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

LSE:TCS Future Estimates Data
Date (Data in RUB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 313.76 313.76 313.76 1.00
2021-12-31 234.93 280.47 185.61 5.00
2020-12-31 205.34 233.46 181.19 7.00
2019-12-31 185.74 194.58 169.41 5.00
LSE:TCS Past Financials Data
Date (Data in RUB Millions) EPS *
2018-12-31 153.54
2018-09-30 144.74
2018-06-30 131.68
2018-03-31 121.12
2017-12-31 107.88
2017-09-30 92.73
2017-06-30 80.60
2017-03-31 71.34
2016-12-31 63.10
2016-09-30 46.95
2016-06-30 34.52
2016-03-31 22.27

*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.
  • TCS Group Holding is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess TCS Group Holding'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.
TCS Group Holding has a total score of 4/6, 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.

TCS Past Performance

  How has TCS Group Holding 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 TCS Group Holding'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.
  • TCS Group Holding has delivered over 20% year on year earnings growth in the past 5 years.
  • TCS Group Holding's 1-year earnings growth is less than its 5-year average (42.4% vs 45.8%)
  • TCS Group Holding's earnings growth has exceeded the GB Banks industry average in the past year (42.4% vs 42.2%).
Earnings and Revenue History
TCS Group Holding'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 TCS Group Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:TCS 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 63,135.00 27,088.00 27,194.00
2018-09-30 59,622.00 25,395.00 25,651.00
2018-06-30 55,579.00 23,142.00 24,119.00
2018-03-31 51,677.00 21,379.00 21,843.00
2017-12-31 46,327.00 19,019.00 19,523.00
2017-09-30 40,820.00 16,332.00 17,692.00
2017-06-30 35,961.00 14,180.00 15,823.00
2017-03-31 32,199.00 12,494.00 14,773.00
2016-12-31 29,284.00 11,011.00 13,707.00
2016-09-30 23,922.00 8,239.00 12,128.00
2016-06-30 19,901.00 6,070.00 10,931.00
2016-03-31 15,638.00 3,933.00 9,497.00
2015-12-31 11,724.00 1,851.00 8,387.00
2015-09-30 10,627.79 1,521.77 7,091.68
2015-06-30 10,623.74 1,942.34 6,529.54
2015-03-31 11,465.83 2,845.27 6,196.50
2014-12-31 12,213.44 3,400.61 6,247.42
2014-09-30 13,325.38 4,538.49 6,520.47
2014-06-30 14,028.73 4,948.33 6,837.86
2014-03-31 14,736.45 5,085.99 7,291.59
2013-12-31 14,869.96 5,754.87 6,694.55
2013-09-30 14,826.13 5,013.12 7,445.01
2013-06-30 13,539.47 4,754.08 6,439.35
2013-03-31 10,796.62 4,026.61 4,803.57
2012-12-31 9,823.45 3,723.38 4,235.18
2012-09-30 7,606.35 3,625.97 2,426.37
2012-06-30 7,166.67 3,319.33 2,416.50

*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.
  • TCS Group Holding made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • TCS Group Holding used its assets more efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if TCS Group Holding 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 TCS Group Holding'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.
TCS Group Holding has a total score of 4/6, 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.

TCS Health

 How is TCS Group Holding'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 TCS Group Holding'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 TCS Group Holding Company Filings, last reported 3 months ago.

LSE:TCS Past Debt and Equity Data
Date (Data in RUB Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 42,250.00 31,363.00 136,834.00
2018-09-30 37,586.00 31,277.00 120,275.00
2018-06-30 34,736.00 29,475.00 105,207.00
2018-03-31 34,801.00 33,103.00 98,438.00
2017-12-31 41,945.00 33,651.00 27,072.00
2017-09-30 39,134.00 30,695.00 21,530.00
2017-06-30 35,908.00 31,278.00 29,603.00
2017-03-31 33,474.00 14,194.00 15,370.00
2016-12-31 29,518.00 14,989.00 18,915.00
2016-09-30 28,149.00 20,203.00 16,070.00
2016-06-30 24,977.00 19,846.00 17,221.00
2016-03-31 23,886.32 21,648.45 27,309.30
2015-12-31 22,946.00 22,914.00 27,378.00
2015-09-30 21,862.88 15,576.22 16,005.15
2015-06-30 21,124.25 26,008.97 26,352.54
2015-03-31 20,870.59 34,712.20 26,559.33
2014-12-31 20,969.07 40,996.68 24,945.83
2014-09-30 23,342.07 28,866.44 9,195.56
2014-06-30 22,242.54 27,934.60 12,118.93
2014-03-31 20,920.05 34,321.37 19,063.86
2013-12-31 20,551.01 32,720.26 19,410.24
2013-09-30 13,242.60 34,961.98 12,416.68
2013-06-30 11,680.38 33,549.72 9,916.72
2013-03-31 10,050.46 32,064.48 13,971.21
2012-12-31 9,109.37 27,950.15 13,994.13
2012-09-30 7,839.71 25,286.49 12,944.81
2012-06-30 6,460.58 15,477.56 5,321.00
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.
  • TCS Group Holding has an acceptable proportion of non-loan assets held.
  • TCS Group Holding's liabilities are made up of primarily low risk sources of funding.
  • Loans at TCS Group Holding are broadly funded by customer deposits.
  • TCS Group Holding's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • TCS Group Holding has a sufficient allowance for bad loans.
  • TCS Group Holding has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess TCS Group Holding'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. TCS Group Holding has a total score of 5/6, 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.

TCS Dividends

 What is TCS Group Holding'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
5.47%
Current annual income from TCS Group Holding dividends. Estimated to be 5.81% next year.
If you bought $2,000 of TCS Group Holding shares you are expected to receive $109 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?
  • TCS Group Holding's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • TCS Group Holding's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
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:TCS 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 11 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 4.9%
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 5.2%

Industry and Market average data is calculated daily.

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

LSE:TCS Future Dividends Estimate Data
Date (Data in RUB) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 87.73 2.00
2021-12-31 83.12 10.00
2020-12-31 67.30 10.00
2019-12-31 59.40 9.00
LSE:TCS Past Annualized Dividends Data
Date (Data in RUB) Dividend per share (annual) Avg. Yield (%)
2019-03-13 67.220 5.564
2018-11-26 69.941 6.121
2018-03-13 34.600 2.829
2018-01-15 34.600 2.856
2017-11-20 49.655 4.701
2017-08-29 45.614 4.806
2017-05-30 38.315 5.506
2017-03-13 27.260 4.360
2017-01-16 24.198 4.327
2016-11-30 24.917 4.059
2016-09-06 22.080 4.465
2016-08-01 22.080 5.472
2016-05-16 21.352 6.583
2016-03-01 0.000 0.000
2016-01-15 0.000 0.000
2015-11-30 15.700 7.584
2015-03-04 19.280 12.380
2015-01-15 19.280 10.728
2014-11-28 38.560 21.809

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

  • TCS Group Holding 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 TCS Group Holding only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of TCS Group Holding's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.1x coverage).
X
Income/ dividend checks
We assess TCS Group Holding'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 TCS Group Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TCS Group Holding 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.

TCS Management

 What is the CEO of TCS Group Holding'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
Oliver Hughes
AGE 48
CEO Bio

Mr. Oliver Charles Hughes serves as the Chief Executive Officer at Joint Stock Company Tinkoff Bank. Mr. Hughes serves as the Chief Executive Officer at TCS Group Holding PLC and Tinkoff Bank. Mr. Hughes serves as Chairman of the Management Board at Joint Stock Company Tinkoff Bank since 2011. Mr. Hughes serves as the President of Egidaco Investments PLC at OAO Tinkoff. He worked at Visa International for nine years and also held the position of Head of the Representative Office in Russia. He served as Head of Visa in Russia. Prior to that, from 2000 to 2006, Mr. Hughes served as Business Development Director of Visa in Russia. From 1998 to 2000, Mr. Hughes held the position of Authorization and Risk Control Manager of Visa CEMEA. He has been a member of the Board of Directors of TCS Bank since June 2013. He serves as Member of the Board of Joint-Stock Company ELECSNET. He has been Director of Joint Stock Company Tinkoff Bank since June 2013. He has a Bachelor of Arts degree in Russian and French from the University of Sussex. He also has a Master of Arts degree in International Politics from Leeds University and a Master of Science degree in Information Management and Technology from City University.

CEO Compensation
  • Insufficient data for Oliver to compare compensation growth.
  • Insufficient data for Oliver 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 TCS Group Holding management team in years:

9.3
Average Tenure
44
Average Age
  • The average tenure for the TCS Group Holding management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Oliver Hughes

TITLE
Chief Executive Officer and Chairman of the Management Board of Tinkoff Bank
AGE
48

Ilya Pisemsky

TITLE
Chief Financial Officer and Chief Financial Officer of Tinkoff Bank
AGE
43

Viacheslav Tsyganov

TITLE
Chief Information Officer
AGE
41
TENURE
10.2 yrs

Larisa Chernysheva

TITLE
Head of Investor Relations

Sergey Pirogov

TITLE
Head of Corporate Finance
AGE
46
TENURE
9.3 yrs

Artem Yamanov

TITLE
Senior VP & Business Development Director
AGE
36
TENURE
9.3 yrs

Darya Ermolina

TITLE
Head of PR

Anatoly Makeshin

TITLE
Head of Payment Systems - Tinkoff Bank and Vice President of Tinkoff Bank
AGE
45
TENURE
9.3 yrs

Tatiana Kouznetsova

TITLE
Head of Human Resources - Tinkoff Bank
AGE
48
TENURE
12.3 yrs

Stanislav Bliznyuk

TITLE
Chief Operating Officer of Tinkoff Bank
AGE
38
TENURE
7.3 yrs
Board of Directors Tenure

Average tenure and age of the TCS Group Holding board of directors in years:

5.5
Average Tenure
44
Average Age
  • The tenure for the TCS Group Holding board of directors is about average.
Board of Directors

Constantinos Economides

TITLE
Chairman of the Board of Directors
AGE
43
TENURE
3.8 yrs

Sergey Pirogov

TITLE
Head of Corporate Finance
AGE
46

Jacque Der Megreditchian

TITLE
Independent Non-Executive Director
AGE
59
TENURE
5.5 yrs

Martin Cocker

TITLE
Independent Non-Executive Director
AGE
59
TENURE
5.5 yrs

Mary Trimithiotou

TITLE
Director
AGE
40
TENURE
6.9 yrs

Alexios Ioannides

TITLE
Director
AGE
41
TENURE
10.4 yrs

Philippe Delpal

TITLE
Non Executive Director
AGE
44
TENURE
5.5 yrs
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 TCS Group Holding'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. TCS Group Holding 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.

TCS News

Simply Wall St News

Is TCS Group Holding PLC's (LON:TCS) Growth Strong Enough To Justify Its August Share Price?

TCS Group Holding PLC (LON:TCS) is considered a high-growth stock, but its last closing price of $17.24 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … View our latest analysis for TCS Group Holding? … If you are bullish about TCS Group Holding's growth potential then you are certainly not alone

Simply Wall St -

TCS Company Info

Description

TCS Group Holding PLC, through its subsidiaries, engages in online retail banking and insurance operations in the Russia. The company operates through three segments: Retail Banking, SME Accounts Services, and Insurance Operations. It offers customer current accounts; savings, deposits, and investment savings products; custody services; credit and debit cards; consumer loans; and brokerage services. The company also provides insurance products, including accident, property, travel, and motor insurance products. TCS Group Holding PLC offers its products and services through Internet, mobile, and direct sales agents channels and partnerships. The company serves individuals, and small and medium sized enterprises. The company was formerly known as Egidaco Investments PLC and changed its name to TCS Group Holding PLC in September 2013. TCS Group Holding PLC was founded in 1999 and is based in Limassol, Cyprus.

Details
Name: TCS Group Holding PLC
TCS
Exchange: LSE
Founded: 1999
$3,379,861,862
176,034,472
Website: http://www.tinkoff.ru
Address: TCS Group Holding PLC
25 Spyrou Araouzou,
5th Floor,
Limassol,
3036,
Cyprus
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE TCS GDR REG S London Stock Exchange GB USD 22. Oct 2013
DB 13T1 GDR REG S Deutsche Boerse AG DE EUR 22. Oct 2013
BATS-CHIXE TCSL GDR REG S BATS 'Chi-X Europe' GB USD 22. Oct 2013
Number of employees
Current staff
Staff numbers
21,577
TCS Group Holding employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 21:36
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/20
Last earnings filing: 2019/03/13
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.