MISX:AVAN

Stock Analysis Report

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Executive Summary

AVANGARD Joint Stock BANK provides various banking products and services to individual and corporate clients in Russia.


Snowflake Analysis

Adequate balance sheet with questionable track record.

Share Price & News

How has AVANGARD BANK's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AVAN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

AVAN

0.9%

RU Banks

-0.1%

RU Market


1 Year Return

-3.5%

AVAN

-9.7%

RU Banks

-2.7%

RU Market

Return vs Industry: AVAN exceeded the Russian Banks industry which returned -9.7% over the past year.

Return vs Market: AVAN matched the Russian Market which returned -2.7% over the past year.


Shareholder returns

AVANIndustryMarket
7 Day0%0.9%-0.1%
30 Day-2.1%1.7%0.6%
90 Day-27.6%4.5%2.4%
1 Year2.9%-3.5%-9.7%-9.7%2.7%-2.7%
3 Year84.1%60.1%45.6%29.8%55.9%32.3%
5 Year297.5%245.8%204.0%160.3%110.4%66.1%

Price Volatility Vs. Market

How volatile is AVANGARD BANK's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is AVANGARD BANK undervalued compared to its fair value and its price relative to the market?

10.22x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AVAN (RUB695) is trading above our estimate of fair value (RUB384.64)

Significantly Below Fair Value: AVAN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: AVAN is poor value based on its PE Ratio (10.2x) compared to the RU Banks industry average (7.9x).

PE vs Market: AVAN is poor value based on its PE Ratio (10.2x) compared to the Russian market (8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AVAN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AVAN is overvalued based on its PB Ratio (2x) compared to the RU Banks industry average (0.7x).


Next Steps

Future Growth

How is AVANGARD BANK forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

26.3%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as AVANGARD BANK has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has AVANGARD BANK performed over the past 5 years?

13.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AVAN has high quality earnings.

Growing Profit Margin: AVAN's current net profit margins (37.9%) are lower than last year (41.8%).


Past Earnings Growth Analysis

Earnings Trend: AVAN's earnings have grown by 13.1% per year over the past 5 years.

Accelerating Growth: AVAN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AVAN had negative earnings growth (-6.2%) over the past year, making it difficult to compare to the Banks industry average (-2.9%).


Return on Equity

High ROE: AVAN's Return on Equity (19.3%) is considered low.


Next Steps

Financial Health

How is AVANGARD BANK'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: AVAN's Assets to Equity ratio (4.4x) is low.

Allowance for Bad Loans: Insufficient data to determine if AVAN has a sufficient allowance for bad loans.

Low Risk Liabilities: 84% of AVAN's liabilities are made up of primarily low risk sources of funding.

Loan Level: AVAN has an appropriate level of Loans to Assets ratio (30%).

Low Risk Deposits: AVAN's Loans to Deposits ratio (46%) is appropriate.

Level of Bad Loans: Insufficient data to determine if AVAN has an appropriate level of bad loans.


Next Steps

Dividend

What is AVANGARD BANK current dividend yield, its reliability and sustainability?

8.02%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AVAN's dividend (8.02%) is higher than the bottom 25% of dividend payers in the Russian market (4.02%).

High Dividend: AVAN's dividend (8.02%) is low compared to the top 25% of dividend payers in the Russian market (9.04%).


Stability and Growth of Payments

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

Growing Dividend: AVAN's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (65.6%), AVAN's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

6.8yrs

Average management tenure


CEO

AVANGARD BANK has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Kirill Minovalov
Chairman & President25.58yrsno data0.72% RUB403.3m
Stanislav Konovalov
Member of Management Board and Deputy Chairman of the Boardno datano datano data
V. Torkhov
Chairman of Management Boardno datano datano data
Vladimir Andreyev
Deputy Chairman of the Management Board4yrsno datano data
Viktoria Chechotkina
Member of Management Board6.75yrsno datano data
Valentina Bastrakova
Member of Management Boardno datano datano data
Irina Kazantseva
Member of Management Board & Member of the Boardno datano datano data
Tatyana Adamenko
Member of Management Boardno datano datano data
Sergey Nikolaev
Senior VP & Deputy Chairman of the Board14.08yrsno datano data
L. Korshunova
Deputy Chief Accountantno datano datano data

6.8yrs

Average Tenure

Experienced Management: AVAN's management team is seasoned and experienced (6.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kirill Minovalov
Chairman & President25.58yrsno data0.72% RUB403.3m
Stanislav Konovalov
Member of Management Board and Deputy Chairman of the Boardno datano datano data
Irina Kazantseva
Member of Management Board & Member of the Boardno datano datano data
Sergey Nikolaev
Senior VP & Deputy Chairman of the Board14.08yrsno datano data
Mikhail Frantskevich
Vice Chairman of the Board14.58yrsno datano data
Anatoliy Yablonsky
Member of the Board16.08yrsno datano data
Maria Melya
Member of the Boardno datano datano data
Alla Andreevna
Member of the Boardno datano datano data
Yelena Shcherbakova
Member of the Boardno datano datano data
Elena Shcherbakova
Director19.08yrsno datano data

16.1yrs

Average Tenure

57yo

Average Age

Experienced Board: AVAN's board of directors are seasoned and experienced ( 16.1 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

AVANGARD Joint Stock BANK's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: AVANGARD Joint Stock BANK
  • Ticker: AVAN
  • Exchange: MISX
  • Founded: 1994
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ₽56.087b
  • Shares outstanding: 80.70m
  • Website: https://www.avangard.ru

Location

  • AVANGARD Joint Stock BANK
  • Building 1
  • st. Sadovnicheskaya, 12
  • Moscow
  • 115035
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AVANMISX (Micex - Rts)YesOrdinary SharesRURUBMar 2011

Biography

AVANGARD Joint Stock BANK provides various banking products and services to individual and corporate clients in Russia. The company offers deposits, car loans, and bank and corporate cards; and securities and precious metals transaction, safe box, settlement and cash, currency control, and money transfer services, as well as Internet banking services. It is also involved in the documentary operations; and the financing of import contracts. The company operates 300 offices in 75 cities. AVANGARD Joint Stock BANK was founded in 1994 and is based in Moscow, Russia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/12 20:52
End of Day Share Price2020/07/10 00:00
Earnings2020/03/31
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.