LSE:TCSA

Stock Analysis Report

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Executive Summary

TCS Group Holding PLC, through its subsidiaries, engages in the online retail banking, insurance, mobile services, and asset management businesses in Russia. More Details


Snowflake Analysis

Solid track record with excellent balance sheet.

Share Price & News

How has TCS Group Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: Insufficient data to determine TCSA's volatility over the past 3 months.

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


Market Performance


7 Day Return

-2.3%

TCSA

3.4%

GB Banks

1.2%

GB Market


1 Year Return

203.0%

TCSA

-0.3%

GB Banks

4.6%

GB Market

Return vs Industry: TCSA exceeded the UK Banks industry which returned -0.3% over the past year.

Return vs Market: TCSA exceeded the UK Market which returned 4.6% over the past year.


Shareholder returns

TCSAIndustryMarket
7 Day-2.3%3.4%1.2%
30 Day20.4%11.9%0.9%
90 Dayn/a7.1%2.4%
1 Year216.1%203.0%0.2%-0.3%10.6%4.6%
3 Yearn/a-28.4%-34.7%8.6%-4.5%
5 Yearn/a3.6%-12.2%39.5%12.5%

Long-Term Price Volatility Vs. Market

How volatile is TCS Group Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is TCS Group Holding undervalued compared to its fair value and its price relative to the market?

7.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TCSA ($51.05) is trading below our estimate of fair value ($54.99)

Significantly Below Fair Value: TCSA is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: TCSA is good value based on its PE Ratio (17.3x) compared to the GB Banks industry average (18.4x).

PE vs Market: TCSA is good value based on its PE Ratio (17.3x) compared to the UK market (24.2x).


Price to Earnings Growth Ratio

PEG Ratio: TCSA is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: TCSA is overvalued based on its PB Ratio (6.4x) compared to the GB Banks industry average (0.6x).


Next Steps

Future Growth

How is TCS Group Holding forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

17.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TCSA's forecast earnings growth (17% per year) is above the savings rate (1%).

Earnings vs Market: TCSA's earnings (17% per year) are forecast to grow slower than the UK market (22.6% per year).

High Growth Earnings: TCSA's earnings are forecast to grow, but not significantly.

Revenue vs Market: TCSA's revenue (13.1% per year) is forecast to grow faster than the UK market (6.6% per year).

High Growth Revenue: TCSA's revenue (13.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TCSA's Return on Equity is forecast to be high in 3 years time (31.3%)


Next Steps

Past Performance

How has TCS Group Holding performed over the past 5 years?

39.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TCSA has high quality earnings.

Growing Profit Margin: TCSA's current net profit margins (47.3%) are higher than last year (42.7%).


Past Earnings Growth Analysis

Earnings Trend: TCSA's earnings have grown significantly by 39.9% per year over the past 5 years.

Accelerating Growth: TCSA's earnings growth over the past year (29%) is below its 5-year average (39.9% per year).

Earnings vs Industry: TCSA earnings growth over the past year (29%) exceeded the Banks industry -40.7%.


Return on Equity

High ROE: TCSA's Return on Equity (36.8%) is considered high.


Next Steps

Financial Health

How is TCS Group Holding's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: TCSA's Assets to Equity ratio (6.2x) is low.

Allowance for Bad Loans: TCSA has a sufficient allowance for bad loans (153%).

Low Risk Liabilities: 85% of TCSA's liabilities are made up of primarily low risk sources of funding.

Loan Level: TCSA has an appropriate level of Loans to Assets ratio (49%).

Low Risk Deposits: TCSA's Loans to Deposits ratio (69%) is appropriate.

Level of Bad Loans: TCSA has a high level of bad loans (10.7%).


Next Steps

Dividend

What is TCS Group Holding current dividend yield, its reliability and sustainability?

1.55%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TCSA's dividend (1.55%) is higher than the bottom 25% of dividend payers in the UK market (1.49%).

High Dividend: TCSA's dividend (1.55%) is low compared to the top 25% of dividend payers in the UK market (4.51%).


Stability and Growth of Payments

Stable Dividend: TCSA has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: TCSA's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (17.9%), TCSA's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TCSA's dividends in 3 years are forecast to be well covered by earnings (31.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.1yrs

Average management tenure


CEO

Oliver Hughes (50 yo)

14.17yrs

Tenure

Mr. Oliver Charles Hughes serves as the Chief Executive Officer at Joint Stock Company Tinkoff Bank since 2007. Mr. Hughes serves as the Chief Executive Officer at TCS Group Holding PLC. Mr. Hughes serves ...


Leadership Team

NamePositionTenureCompensationOwnership
Oliver Hughes
Chief Executive Officer14.17yrsno datano data
Viacheslav Tsyganov
VP, Deputy Chairman of the Management Board & Information Technology Director0.33yrno datano data
Evgeny Ivashkevich
Risk Director & Deputy Chairman of the Management Board1yrno datano data
Oleg Tinkov
no datano data19.81%
RUB 2.0b
Ilya Pisemsky
Chief Financial Officer12.67yrsno datano data
Pavel Khristolyubov
Chief Operating Officer1yrno datano data
Natalia Izyumova
Chief Accountantno datano datano data
Sergei Pirogov
Head of Corporate Finance11.17yrsno datano data
Larisa Chernysheva
Head of Investor Relations & Transaction Executionno datano datano data
Valeria Pavlyukova
Chief Legal Officerno datano datano data
Nadezhda Serova
Human Resources Director1yrno datano data
Anatoly Makeshin
Head of Payment Systems14.25yrsno datano data

6.1yrs

Average Tenure

48yo

Average Age

Experienced Management: TCSA's management team is seasoned and experienced (6.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jacque Der Megreditchian
Independent Non-Executive Director7.42yrsno datano data
Martin Cocker
Independent Non-Executive Director7.42yrsno datano data
Maria Trimithiotou
Director8.83yrsno datano data
Constantinos Economides
Chairman of the Board of Directors5.75yrsno datano data
Alexios Ioannides
Director12.33yrsno datano data

7.4yrs

Average Tenure

45yo

Average Age

Experienced Board: TCSA's board of directors are considered experienced (7.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

TCS Group Holding PLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TCS Group Holding PLC
  • Ticker: TCSA
  • Exchange: LSE
  • Founded: NaN
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: US$9.991b
  • Shares outstanding: 196.29m
  • Website: https://www.tcsgh.com.cy

Number of Employees


Location

  • TCS Group Holding PLC
  • 25 Spyrou Araouzou
  • 4th Floor
  • Limassol
  • 3036
  • Cyprus

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TCSLSE (London Stock Exchange)YesGDR (EACH REPR 1 A SHR) (REG S)GBUSDOct 2013
TCSALSE (London Stock Exchange)GDR 144AGBUSDOct 2013
TCSLBATS-CHIXE (BATS 'Chi-X Europe')YesGDR (EACH REPR 1 A SHR) (REG S)GBUSDOct 2013
13T1DB (Deutsche Boerse AG)YesGDR (EACH REPR 1 A SHR) (REG S)DEEUROct 2013
TCSGMISX (Micex - Rts)YesGDR (EACH REPR 1 A SHR) (REG S)RURUBOct 2013

Biography

TCS Group Holding PLC, through its subsidiaries, engages in the online retail banking, insurance, mobile services, and asset management businesses in Russia. It operates in four segments: Retail Banking, I...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/06 20:34
End of Day Share Price2021/03/05 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.