MISX:AVAN

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Adequate balance sheet with acceptable track record.

Risks

  • AVANGARD BANK is not covered by any analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

MISX:AVAN

-1.7%

RU Banks

-3.1%

RU Market


1 Year Return

40.8%

MISX:AVAN

14.3%

RU Banks

15.1%

RU Market

AVAN outperformed the Banks industry which returned 14.3% over the past year.

AVAN outperformed the Market in Russian Federation which returned 15.1% over the past year.


Share holder returns

AVANIndustryMarket
7 Day0%-1.7%-3.1%
30 Day19.0%-4.1%-2.9%
90 Day-10.4%0.02%4.8%
1 Year48.3%40.8%21.7%14.3%23.1%15.1%
3 Yearn/a93.1%65.7%63.8%38.8%
5 Yearn/a261.3%202.7%157.0%101.1%

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 based on future cash flows and its price relative to the stock market?

9.51x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

AVANGARD BANK's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

AVANGARD BANK's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

AVANGARD BANK is overvalued based on earnings compared to the RU Banks industry average.

AVANGARD BANK is overvalued based on earnings compared to the Russian Federation market.


Price Based on Expected Growth

Unable to calculate PEG ratio for AVANGARD BANK, we can't assess if its growth is good value.


Price Based on Value of Assets

AVANGARD BANK is overvalued based on assets compared to the RU Banks industry average.


Next Steps

Future Growth

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

-0.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if AVANGARD BANK is high growth as no revenue estimate data is available.

AVANGARD BANK's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Unable to compare AVANGARD BANK's revenue growth to the Russian Federation market average as no estimate data is available.

AVANGARD BANK's earnings are expected to decrease over the next 1-3 years, this is below the Russian Federation market average.

AVANGARD BANK's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 8.4%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if AVANGARD BANK will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has AVANGARD BANK performed over the past 5 years?

27.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

AVANGARD BANK has delivered over 20% year on year earnings growth in the past 5 years.

AVANGARD BANK's 1-year earnings growth is less than its 5-year average (0.8% vs 27.9%)

AVANGARD BANK's earnings growth has not exceeded the RU Banks industry average in the past year (0.8% vs 6.8%).


Return on Equity

AVANGARD BANK has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

AVANGARD BANK used its assets more efficiently than the RU Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if AVANGARD BANK improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


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

AVANGARD BANK has an acceptable proportion of non-loan assets held.

Unable to establish if AVANGARD BANK has a sufficient allowance for bad loans without relevant financial data.

AVANGARD BANK's liabilities are made up of primarily low risk sources of funding.

AVANGARD BANK's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at AVANGARD BANK are broadly funded by customer deposits.

Unable to establish if AVANGARD BANK has an acceptable level of bad loans without bad loans data.


Next Steps

Dividend

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

4.49%

Current Dividend Yield


Dividend Yield and Payments Analysis

AVANGARD BANK's pays a higher dividend yield than the bottom 25% of dividend payers in Russian Federation (3.07%).

AVANGARD BANK's dividend is below the markets top 25% of dividend payers in Russian Federation (8.45%).

It is too early to tell whether AVANGARD BANK has stable dividend payments.

AVANGARD BANK only just started paying a dividend, it is too early to tell if payments are increasing.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.3x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

5.8yrs

Average management tenure


CEO

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


Management Age and Tenure

5.8yrs

Average Tenure

The average tenure for the AVANGARD BANK management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

15.1yrs

Average Tenure

56yo

Average Age

The average tenure for the AVANGARD BANK board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month individual insider trading information.


Ownership Breakdown


Management Team

  • Kirill Minovalov (48yo)

    Chairman & President

    • Tenure: 21.0yrs
  • Stanislav Konovalov

    Member of Management Board and Deputy Chairman of the Board

  • Vladimir Andreyev

    Deputy Chairman of the Management Board

    • Tenure: 3.0yrs
  • Tatyana Adamenko

    Member of Management Board

  • Viktoria Chechotkina

    Member of Management Board

    • Tenure: 5.8yrs
  • Irina Kazantseva

    Member of Management Board & Member of the Board

  • Valentina Bastrakova

    Member of Management Board

  • V. Torkhov

    Chairman of Management Board

  • L. Korshunova

    Deputy Chief Accountant

  • Sergey Nikolaev (64yo)

    Senior VP & Deputy Chairman of the Board


Board Members

  • Mikhail Frantskevich

    Vice Chairman of the Board

    • Tenure: 13.6yrs
  • Kirill Minovalov (48yo)

    Chairman & President

    • Tenure: 24.6yrs
  • Stanislav Konovalov

    Member of Management Board and Deputy Chairman of the Board

  • Yelena Shcherbakova

    Member of the Board

  • Maria Melya

    Member of the Board

  • Anatoliy Yablonsky (54yo)

    Member of the Board

    • Tenure: 15.1yrs
  • Alla Andreevna

    Member of the Board

  • Irina Kazantseva

    Member of Management Board & Member of the Board

  • Elena Shcherbakova (58yo)

    Director

    • Tenure: 18.1yrs
  • Sergey Nikolaev (64yo)

    Senior VP & Deputy Chairman of the Board

    • Tenure: 13.1yrs

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: RUруб56.490b
  • Shares outstanding: 80.70m
  • Website: Click here

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  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/07/22 21:19
End of Day Share Price2019/07/22 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.