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X5 Retail Group

LSE:FIVE
Snowflake Description

Undervalued with reasonable growth potential and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FIVE
LSE
$7B
Market Cap
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Last updated 2019/03/25 20:51
Company description

X5 Retail Group N.V. creates, develops, and operates grocery retail stores primarily in Russia. The last earnings update was 5 days ago. More info.

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FIVE Share Price and Events
7 Day Returns
-0.2%
LSE:FIVE
2.2%
GB Consumer Retailing
-0.6%
GB Market
1 Year Returns
-20.5%
LSE:FIVE
1.4%
GB Consumer Retailing
1.4%
GB Market
FIVE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
X5 Retail Group (FIVE) -0.2% -8.3% 0.6% -20.5% 25% 62.3%
GB Consumer Retailing 2.2% 0.8% 10.3% 1.4% 9.3% -19.5%
GB Market -0.6% 0.2% 8.2% 1.4% 14.8% 2%
1 Year Return vs Industry and Market
  • FIVE underperformed the Consumer Retailing industry which returned 1.4% over the past year.
  • FIVE underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.4% over the past year.
Price Volatility
FIVE
Industry
5yr Volatility vs Market

Value

 Is X5 Retail Group 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 X5 Retail Group 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 X5 Retail Group.

LSE:FIVE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
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:FIVE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
Consumer Retailing Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.474 (1 + (1- 25%) (46.93%)) 		0.759
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:FIVE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for X5 Retail Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

LSE:FIVE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (RUB, Millions) Source Present Value
Discounted (@ 6%)
2019 4,811.69 Analyst x1 4,539.55
2020 40,114.99 Analyst x4 35,705.57
2021 42,231.98 Analyst x3 35,463.81
2022 50,406.63 Analyst x2 39,934.31
2023 67,358.95 Analyst x2 50,346.40
2024 76,086.17 Est @ 12.96% 53,652.93
2025 83,266.80 Est @ 9.44% 55,395.47
2026 89,074.12 Est @ 6.97% 55,907.30
2027 93,750.64 Est @ 5.25% 55,514.42
2028 97,541.16 Est @ 4.04% 54,492.18
Present value of next 10 years cash flows RUB440,951.92
LSE:FIVE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= RUB97,541.16 × (1 + 1.23%) ÷ (6% – 1.23%) 		RUB2,070,847.20
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= RUB2,070,847.20 ÷ (1 + 6%)10 		RUB1,156,895.85
LSE:FIVE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= RUB440,951.92 + RUB1,156,895.85 		RUB1,597,847.78
Equity Value per Share
(RUB)		 = Total value / Shares Outstanding
= RUB1,597,847.78 / 271.56 		RUB5883.95
LSE:FIVE Discount to Share Price
Calculation Result
Exchange Rate RUB/USD
(Reporting currency to currency of LSE:FIVE) 		0.016
Value per Share
(USD)		 = Value per Share in RUB x Exchange Rate (RUB/USD)
= RUB5883.95 x 0.016 		$91.82
Value per share (USD) From above. $91.82
Current discount Discount to share price of $25.44
= -1 x ($25.44 - $91.82) / $91.82 		72.3%

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

Current Discount
Amount off the current price X5 Retail Group is available for.
Intrinsic value
>50%
Share price is $25.44 vs Future cash flow value of $91.82
Current Discount Checks
For X5 Retail Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • X5 Retail Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • X5 Retail Group'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 X5 Retail Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are X5 Retail Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:FIVE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in RUB RUB105.47
LSE:FIVE Share Price ** LSE (2019-03-25) in USD $25.44
LSE:FIVE Share Price converted to RUB reporting currency Exchange rate (USD/ RUB) 64.081 RUB1630.22
United Kingdom of Great Britain and Northern Ireland Consumer Retailing Industry PE Ratio Median Figure of 10 Publicly-Listed Consumer Retailing Companies 19.28x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 806 Publicly-Listed Companies 15.8x

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

** Primary Listing of X5 Retail Group.

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

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

= 1630.22 ÷ 105.47

 15.46x

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

  • X5 Retail Group is good value based on earnings compared to the GB Consumer Retailing industry average.
  • X5 Retail Group is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does X5 Retail Group's expected growth come at a high price?
Raw Data
LSE:FIVE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts		 15.9%per year
United Kingdom of Great Britain and Northern Ireland Consumer Retailing Industry PEG Ratio Median Figure of 8 Publicly-Listed Consumer Retailing Companies 0.96x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 574 Publicly-Listed Companies 1.34x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.46x ÷ 15.9%

 0.97x

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

  • X5 Retail Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on X5 Retail Group's assets?
Raw Data
LSE:FIVE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in RUB RUB609.35
LSE:FIVE Share Price * LSE (2019-03-25) in USD $25.44
LSE:FIVE Share Price converted to RUB reporting currency Exchange rate (USD/ RUB) 64.081 RUB1630.22
United Kingdom of Great Britain and Northern Ireland Consumer Retailing Industry PB Ratio Median Figure of 11 Publicly-Listed Consumer Retailing Companies 1.39x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,361 Publicly-Listed Companies 1.48x
LSE:FIVE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1630.22 ÷ 609.35

 2.68x

* Primary Listing of X5 Retail Group.

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

  • X5 Retail Group is overvalued based on assets compared to the GB Consumer Retailing industry average.
Show me more potentially undervalued companies in the Consumer Retailing industry
X
Value checks
We assess X5 Retail Group'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 Consumer Retailing 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 Consumer Retailing industry average (and greater than 0)? (1 check)
    5. X5 Retail Group 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 X5 Retail Group expected to perform in the next 1 to 3 years based on estimates from 13 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
15.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is X5 Retail Group expected to grow at an attractive rate?
  • X5 Retail Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • X5 Retail Group's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • X5 Retail Group'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:FIVE Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:FIVE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 15.9%
LSE:FIVE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 11.1%
United Kingdom of Great Britain and Northern Ireland Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 16%
United Kingdom of Great Britain and Northern Ireland Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
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 4.9%

*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:FIVE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in RUB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:FIVE Future Estimates Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 2,754,827 2
2022-12-31 2,465,593 139,236 46,698 3
2021-12-31 2,225,258 115,041 48,613 5
2020-12-31 1,983,587 116,237 44,204 13
2019-12-31 1,770,008 87,229 36,515 8
LSE:FIVE Past Financials Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income *
2018-12-31 1,532,537 98,034 28,642
2018-09-30 1,471,287 76,839 27,819
2018-06-30 1,415,206 75,385 27,009
2018-03-31 1,353,448 72,780 28,667
2017-12-31 1,295,008 58,658 31,394
2017-09-30 1,227,479 74,097 28,392
2017-06-30 1,164,302 67,539 27,985
2017-03-31 1,095,134 68,771 25,592
2016-12-31 1,033,667 74,915 22,291
2016-09-30 969,608 62,070 21,964
2016-06-30 909,454 49,176 19,236
2016-03-31 857,704 43,464 15,118

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • X5 Retail Group's earnings are expected to grow by 15.9% yearly, however this is not considered high growth (20% yearly).
  • X5 Retail Group's revenue is expected to grow by 11.1% 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:FIVE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from X5 Retail Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:FIVE Future Estimates Data
Date (Data in RUB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 190.88 209.73 172.03 2.00
2021-12-31 174.03 210.88 137.18 5.00
2020-12-31 153.77 172.09 140.35 9.00
2019-12-31 136.01 144.62 128.20 8.00
LSE:FIVE Past Financials Data
Date (Data in RUB Millions) EPS *
2018-12-31 105.47
2018-09-30 102.44
2018-06-30 99.46
2018-03-31 105.57
2017-12-31 115.61
2017-09-30 104.56
2017-06-30 103.06
2017-03-31 94.25
2016-12-31 82.09
2016-09-30 80.89
2016-06-30 70.84
2016-03-31 55.68

*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.
  • X5 Retail Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
Show me more growth companies in the Consumer Retailing industry
X
Future performance checks
We assess X5 Retail Group'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.
X5 Retail Group 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.

Past Performance

  How has X5 Retail Group 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 X5 Retail Group's growth in the last year to its industry (Consumer Retailing).
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.
  • X5 Retail Group has delivered over 20% year on year earnings growth in the past 5 years.
  • X5 Retail Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • X5 Retail Group's 1-year earnings growth is negative, it can't be compared to the GB Consumer Retailing industry average.
Earnings and Revenue History
X5 Retail Group'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 X5 Retail Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:FIVE 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 1,532,537.00 28,642.00 273,884.00
2018-09-30 1,471,287.00 27,819.00 261,766.00
2018-06-30 1,415,206.00 27,009.00 250,529.00
2018-03-31 1,353,448.00 28,667.00 227,762.00
2017-12-31 1,295,008.00 31,394.00 220,711.00
2017-09-30 1,227,479.00 28,392.00 209,826.00
2017-06-30 1,164,302.00 27,985.00 198,912.00
2017-03-31 1,095,134.00 25,592.00 189,662.00
2016-12-31 1,033,667.00 22,291.00 180,678.00
2016-09-30 969,608.00 21,964.00 171,927.00
2016-06-30 909,454.00 19,236.00 163,919.00
2016-03-31 857,704.00 15,118.00 157,235.00
2015-12-31 808,818.00 14,174.00 149,281.00
2015-09-30 760,289.00 14,906.00 137,653.00
2015-06-30 716,735.00 14,184.00 131,182.00
2015-03-31 672,431.00 14,332.00 122,515.00
2014-12-31 633,873.00 12,691.00 116,063.00
2014-09-30 602,626.00 14,250.00 110,120.00
2014-06-30 574,333.00 13,128.00 105,493.00
2014-03-31 552,203.00 11,473.00 101,052.00
2013-12-31 534,560.00 10,984.00 97,830.00
2013-09-30 524,123.25 -2,264.47 94,681.62
2013-06-30 520,473.35 -4,283.45 92,961.65
2013-03-31 496,759.67 -4,005.43 87,598.74
2012-12-31 482,402.70 -3,863.34 84,739.06
2012-09-30 481,972.79 8,756.04 85,218.71
2012-06-30 501,080.62 8,640.20 88,971.81
2012-03-31 455,155.51 7,961.36 78,648.23

*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.
  • X5 Retail Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • X5 Retail Group used its assets more efficiently than the GB Consumer Retailing industry average last year based on Return on Assets.
  • X5 Retail Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess X5 Retail Group'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 Consumer Retailing 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.
X5 Retail Group 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 X5 Retail Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up X5 Retail Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • X5 Retail Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • X5 Retail Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of X5 Retail Group'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.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.8x debt.
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 X5 Retail Group Company Filings, last reported 2 months ago.

LSE:FIVE Past Debt and Equity Data
Date (Data in RUB Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 165,475.00 207,764.00 24,368.00
2018-09-30 159,218.00 217,184.00 15,338.00
2018-06-30 151,126.00 224,164.00 13,774.00
2018-03-31 164,091.00 191,642.00 12,935.00
2017-12-31 158,442.00 194,296.00 27,605.00
2017-09-30 153,002.00 172,064.00 11,714.00
2017-06-30 145,704.00 170,635.00 6,779.00
2017-03-31 135,404.00 162,155.00 6,232.00
2016-12-31 127,040.00 156,033.00 18,190.00
2016-09-30 124,606.00 156,435.00 6,018.00
2016-06-30 117,735.00 156,000.00 5,431.00
2016-03-31 109,779.00 148,991.00 4,499.00
2015-12-31 104,718.00 144,215.00 8,958.00
2015-09-30 102,613.00 141,698.00 4,841.00
2015-06-30 98,466.00 129,029.00 4,532.00
2015-03-31 94,679.00 120,619.00 5,103.00
2014-12-31 90,558.00 130,986.00 25,623.00
2014-09-30 87,735.00 107,619.00 3,520.00
2014-06-30 84,303.00 110,361.00 6,121.00
2014-03-31 80,272.00 116,735.00 4,825.00
2013-12-31 77,806.00 110,527.00 7,611.00
2013-09-30 73,511.17 121,515.47 3,772.10
2013-06-30 71,368.56 123,337.30 7,251.81
2013-03-31 68,714.70 119,804.40 7,557.40
2012-12-31 67,245.20 123,041.84 12,456.97
2012-09-30 76,058.87 126,083.73 6,944.20
2012-06-30 74,023.69 119,831.30 5,386.43
2012-03-31 72,914.40 117,621.29 5,550.57
  • X5 Retail Group's level of debt (125.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (142.1% vs 125.6% today).
  • Debt is well covered by operating cash flow (47.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.7x coverage).
Show me more healthy companies in the Consumer Retailing industry
X
Financial health checks
We assess X5 Retail Group'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. X5 Retail Group 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 X5 Retail Group'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
5.65%
Current annual income from X5 Retail Group dividends. Estimated to be 6.98% next year.
If you bought $2,000 of X5 Retail Group shares you are expected to receive $113 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?
  • X5 Retail Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.08%).
  • X5 Retail Group's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.24%).
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:FIVE 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 13 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 3.1%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 702 Stocks 4.3%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.1%
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:FIVE Future Dividends Estimate Data
Date (Data in RUB) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 139.22 2.00
2021-12-31 121.47 4.00
2020-12-31 111.21 10.00
2019-12-31 102.61 5.00
LSE:FIVE Past Annualized Dividends Data
Date (Data in RUB) Dividend per share (annual) Avg. Yield (%)
2019-03-20 92.058 5.716
2018-03-29 79.508 4.738

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

  • It is too early to tell whether X5 Retail Group has stable dividend payments.
  • X5 Retail Group only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of X5 Retail Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
Show me more dividend paying companies in the Consumer Retailing industry
X
Income/ dividend checks
We assess X5 Retail Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 X5 Retail Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. X5 Retail Group 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 X5 Retail Group'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
Igor Shekhterman
COMPENSATION RUB344,000,000
AGE 48
TENURE AS CEO 3.3 years
CEO Bio

Mr. Igor Shekhterman has been the Chief Executive Officer and Member of Management Board at X5 Retail Group N.V. of Alfa Group Consortium since November 12, 2015 and serves as its Chairman of Management Board. Mr. Shekhterman is acting General Director of Pyaterochka at X5 Retail Group N.V. since April 25, 2018. He served on X5's Supervisory Board since 2013. He served as a Managing Partner and Chief Executive Officer in RosExpert, which he co-founded in 1996 and has subsequently successfully developed into the Russian alliance partner of Korn/Ferry International. He started his career as finance manager at the Russian branch of Beoluna, the Japanese jewelry producer. He has been a Member of Supervisory Board at Alfa Group Consortium since November 24, 2015. He served as a Member of Supervisory Board for X5 Retail Group N.V. from July 19, 2013 to November 12, 2015. Mr. Shekhterman graduated from the State Technical University of Kaliningad, Economics Faculty in 1992 and degrees in business administration from the Institute d'Administration des Enterprises (France, 1994) and the Danish Management School (1995). Mr. Shekhterman holds a BF and a BA Degrees of Business Schools in France and Denmark.

CEO Compensation
  • Igor's compensation has been consistent with company performance over the past year.
  • Igor's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the X5 Retail Group management team in years:

2.5
Average Tenure
48
Average Age
  • The tenure for the X5 Retail Group management team is about average.
Management Team

Igor Shekhterman

TITLE
Chairman of Management Board
COMPENSATION
RUB344M
AGE
48
TENURE
3.3 yrs

Frank Lhost

TITLE
Corporate Secretary and Member of Management Board
COMPENSATION
RUB28M
AGE
56

Svetlana Demyashkevich

TITLE
Chief Financial Officer
TENURE
1.8 yrs

Natalia Zagvozdina

TITLE
Head of Corporate Finance & IR

Fabricio Granja

TITLE
Chief Information Officer

Ekaterina Lobacheva

TITLE
General Counsel

Elena Konnova

TITLE
Corporate Communication Director
AGE
47
TENURE
4.2 yrs

Tatiana Krasnoperova

TITLE
Director of Human Resources & Organisational Development
TENURE
0.2 yrs

Vladimir Rusanov

TITLE
Head of Public Relations

Dmitry Agureev

TITLE
Head of Corporate Security
AGE
48
Board of Directors Tenure

Average tenure and age of the X5 Retail Group board of directors in years:

3.3
Average Tenure
48
Average Age
  • The tenure for the X5 Retail Group board of directors is about average.
Board of Directors

Stephan DuCharme

TITLE
Chairman of Supervisory Board
COMPENSATION
RUB34M
AGE
54
TENURE
3.3 yrs

Geoff King

TITLE
Member of Supervisory Board
COMPENSATION
RUB34M
AGE
53
TENURE
3.8 yrs

Peter Demchenkov

TITLE
Member of Supervisory Board
COMPENSATION
RUB20M
AGE
45
TENURE
3.8 yrs

Mikhail Fridman

TITLE
Member of Supervisory Board
AGE
54
TENURE
12.8 yrs

Mikhail Kuchment

TITLE
Member of Supervisory Board
COMPENSATION
RUB24M
AGE
45
TENURE
3.3 yrs

Andrei Elinson

TITLE
Member of Supervisory Board
AGE
39
TENURE
2.8 yrs

Nadia Shouraboura

TITLE
Member of Supervisory Board
AGE
48
TENURE
0.8 yrs

Karl-Heinz Holland

TITLE
Member of Supervisory Board
TENURE
0.8 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 ($) Value ($)
19. Jun 18 Sell Pawel Musial Individual 19. Jun 18 19. Jun 18 -2,461 $25.75 $-63,371
21. May 18 Buy Pawel Musial Individual 21. May 18 21. May 18 3,762 $30.00 $112,860
21. May 18 Buy Geoffrey King Individual 21. May 18 21. May 18 8,749 $30.00 $262,470
21. May 18 Buy Peter Demchenkov Individual 21. May 18 21. May 18 3,762 $30.00 $112,860
X
Management checks
We assess X5 Retail Group'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. X5 Retail Group 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

Does X5 Retail Group NV's (LON:FIVE) August Stock Price Reflect Its Future Growth?

Looking at X5 Retail Group NV’s (LON:FIVE) fundamentals some investors are wondering if its last closing price of $22.72 represents a good value for money for this high growth stock. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … X5 Retail Group's growth potential is very attractive

Simply Wall St - –

Company Info

Description

X5 Retail Group N.V. creates, develops, and operates grocery retail stores primarily in Russia. It primarily operates proximity stores, supermarkets, hypermarkets, and convenience stores. As of December 14, 2018, the company operated 14,000 stores. It also engages in wholesale operations and online retail, as well as in providing franchise and other services. The company was founded in 1975 and is based in The Hague, The Netherlands.

Details
Name: X5 Retail Group N.V.
FIVE
Exchange: LSE
Founded: 1975
$6,908,496,474
271,560,396
Website: http://www.x5.ru
Address: X5 Retail Group N.V.
Parkstraat 20,
The Hague,
Zuid-Holland, 2514 JK,
Netherlands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE FIVE GDR REP 0.25 SHS EUR1 REGS London Stock Exchange GB USD 06. May 2005
DB PJP GDR REP 0.25 SHS EUR1 REGS Deutsche Boerse AG DE EUR 06. May 2005
WBAG FIVE GDR REP 0.25 SHS EUR1 REGS Wiener Boerse AG AT EUR 06. May 2005
MISX FIVE GDR REP 0.25 SHS EUR1 REGS Micex - Rts RU RUB 06. May 2005
BATS-CHIXE FIVEL GDR REP 0.25 SHS EUR1 REGS BATS 'Chi-X Europe' GB USD 06. May 2005
Number of employees
Current staff
Staff numbers
278,399
X5 Retail Group employees.
Industry
Food Retail
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/25 20:51
End of day share price update: 2019/03/25 00:00
Last estimates confirmation: 2019/03/22
Last earnings filing: 2019/03/20
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.

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