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BSPB

Bank Saint-PetersburgMISX:BSPB Stock Report

Market Cap

₽43.7b

7D

-1.7%

1Y

53.0%

Updated

01 Dec, 2021

Data

Company Financials +
BSPB fundamental analysis
Snowflake Score
Valuation6/6
Future Growth2/6
Past Performance4/6
Financial Health4/6
Dividends5/6

BSPB Stock Overview

“Bank “Saint-Petersburg” Public Joint-Stock Company, a universal bank, provides a range of banking products and services to individuals and corporates in Russia.

Bank Saint-Petersburg Competitors

Sberbank of Russia

MISX:SBER

₽7.4t

VTB Bank

MISX:VTBR

₽625.9b

Credit Bank of Moscow

MISX:CBOM

₽227.8b

Price History & Performance

Summary of all time highs, changes and price drops for Bank Saint-Petersburg
Historical stock prices
Current Share Price₽88.15
52 Week High₽95.50
52 Week Low₽50.39
Beta0.70
1 Month Change-6.67%
3 Month Change17.85%
1 Year Change53.01%
3 Year Change82.20%
5 Year Change49.15%
Change since IPO-4.69%

Recent News & Updates

Shareholder Returns

BSPBRU BanksRU Market
7D-1.7%3.1%0.2%
1Y53.0%24.2%31.8%

Return vs Industry: BSPB exceeded the Russian Banks industry which returned 20.2% over the past year.

Return vs Market: BSPB exceeded the Russian Market which returned 28.7% over the past year.

Price Volatility

Is BSPB's price volatile compared to industry and market?
BSPB volatility
BSPB Average Weekly Movement4.4%
Banks Industry Average Movement3.7%
Market Average Movement4.8%
10% most volatile stocks in RU Market11.5%
10% least volatile stocks in RU Market2.3%

Stable Share Price: BSPB is not significantly more volatile than the rest of Russian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: BSPB's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19904,091Pavel Filimonenokhttps://www.bspb.ru

“Bank “Saint-Petersburg” Public Joint-Stock Company, a universal bank, provides a range of banking products and services to individuals and corporates in Russia. The company’s Corporate Banking division offers payment and settlement services, corporate lending, investment banking services, risk hedging solutions, and deposit products. It also provides loans to small and medium enterprises comprising working capital, purchase equipment, vehicles, real estate, and other property finance; loans to agricultural enterprises; and a range of services related to documentary operations and international trade finance, as well as develops services for Exim companies.

Bank Saint-Petersburg Fundamentals Summary

How do Bank Saint-Petersburg's earnings and revenue compare to its market cap?
BSPB fundamental statistics
Market Cap₽43.69b
Earnings (TTM)₽15.88b
Revenue (TTM)₽36.32b

2.8x

P/E Ratio

0.4x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BSPB income statement (TTM)
Revenue₽36.32b
Cost of Revenue₽0
Gross Profit₽36.32b
Expenses₽20.44b
Earnings₽15.88b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)32.04
Gross Margin100.00%
Net Profit Margin43.72%
Debt/Equity Ratio149.9%

How did BSPB perform over the long term?

See historical performance and comparison

Dividends

10.3%

Current Dividend Yield

14%

Payout Ratio

Valuation

Is Bank Saint-Petersburg undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BSPB (RUB88.15) is trading below our estimate of fair value (RUB197.11)

Significantly Below Fair Value: BSPB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BSPB is good value based on its PE Ratio (2.8x) compared to the Russian Banks industry average (6.5x).

PE vs Market: BSPB is good value based on its PE Ratio (2.8x) compared to the Russian market (8.3x).


Price to Earnings Growth Ratio

PEG Ratio: BSPB is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: BSPB is good value based on its PB Ratio (0.4x) compared to the RU Banks industry average (0.8x).


Future Growth

How is Bank Saint-Petersburg forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

4.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BSPB's forecast earnings growth (4.9% per year) is below the savings rate (7.3%).

Earnings vs Market: BSPB's earnings (4.9% per year) are forecast to grow faster than the Russian market (2.8% per year).

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

Revenue vs Market: BSPB's revenue (9.4% per year) is forecast to grow faster than the Russian market (3.9% per year).

High Growth Revenue: BSPB's revenue (9.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BSPB's Return on Equity is forecast to be low in 3 years time (12.8%).


Past Performance

How has Bank Saint-Petersburg performed over the past 5 years?

19.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BSPB has high quality earnings.

Growing Profit Margin: BSPB's current net profit margins (43.7%) are higher than last year (31.1%).


Past Earnings Growth Analysis

Earnings Trend: BSPB's earnings have grown by 19.6% per year over the past 5 years.

Accelerating Growth: BSPB's earnings growth over the past year (81.4%) exceeds its 5-year average (19.6% per year).

Earnings vs Industry: BSPB earnings growth over the past year (81.4%) underperformed the Banks industry 81.4%.


Return on Equity

High ROE: BSPB's Return on Equity (16.2%) is considered low.


Financial Health

How is Bank Saint-Petersburg'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: BSPB's Assets to Equity ratio (7.9x) is low.

Allowance for Bad Loans: BSPB has a low allowance for bad loans (88%).

Low Risk Liabilities: 76% of BSPB's liabilities are made up of primarily low risk sources of funding.

Loan Level: BSPB has an appropriate level of Loans to Assets ratio (63%).

Low Risk Deposits: BSPB's Loans to Deposits ratio (94%) is appropriate.

Level of Bad Loans: BSPB has a high level of bad loans (9.2%).


Dividend

What is Bank Saint-Petersburg current dividend yield, its reliability and sustainability?

10.35%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BSPB's dividend (10.35%) is higher than the bottom 25% of dividend payers in the Russian market (2.99%).

High Dividend: BSPB's dividend (10.35%) is in the top 25% of dividend payers in the Russian market (8.11%)


Stability and Growth of Payments

Stable Dividend: BSPB's dividend payments have been volatile in the past 10 years.

Growing Dividend: BSPB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (14.2%), BSPB's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BSPB's dividends in 3 years are forecast to be well covered by earnings (25.5% payout ratio).


Next Steps

Management

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

2.5yrs

Average management tenure


CEO

Pavel Filimonenok (50 yo)

1.5yrs

Tenure

Mr. Pavel Vladimirovich Filimonenok has been First Deputy Chairman of the Management Board and Chief Executive Officer at "Bank "Saint-Petersburg" PJSC since June 3, 2020. Mr. Filimonenok had been Deputy C...


Leadership Team

Experienced Management: BSPB's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: BSPB's board of directors are considered experienced (5.4 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 been diluted in the past year, with total shares outstanding growing by 4.2%.


Top Shareholders

Company Information

"Bank "Saint-Petersburg" Public Joint-Stock Company's employee growth, exchange listings and data sources


Key Information

  • Name: "Bank "Saint-Petersburg" Public Joint-Stock Company
  • Ticker: BSPB
  • Exchange: MISX
  • Founded: 1990
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ₽43.692b
  • Shares outstanding: 495.65m
  • Website: https://www.bspb.ru

Number of Employees


Location

  • "Bank "Saint-Petersburg" Public Joint-Stock Company
  • 64A Malookhtinsky Prospect
  • Saint Petersburg
  • 195112
  • Russia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/01 22:03
End of Day Share Price2021/12/01 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.