MISX:CBOM

Stock Analysis Report

Credit Bank of Moscow

Executive Summary

Credit Bank of Moscow (public joint-stock company) provides various banking products and services in Russia.

Rewards

Earnings are forecast to grow 29.37% per year

Risk Analysis

No risks detected for CBOM from our risk checks.


Snowflake Analysis

High growth potential with excellent balance sheet.


Similar Companies

Share Price & News

How has Credit Bank of Moscow's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CBOM has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.1%

CBOM

2.9%

RU Banks

2.3%

RU Market


1 Year Return

17.6%

CBOM

29.7%

RU Banks

24.2%

RU Market

Return vs Industry: CBOM underperformed the Russian Banks industry which returned 29.7% over the past year.

Return vs Market: CBOM underperformed the Russian Market which returned 24.2% over the past year.


Shareholder returns

CBOMIndustryMarket
7 Day1.1%2.9%2.3%
30 Day8.7%2.2%0.5%
90 Day1.5%3.8%5.8%
1 Year19.8%17.6%38.1%29.7%33.3%24.2%
3 Year43.9%41.3%59.7%37.1%53.8%29.9%
5 Yearn/a345.4%275.1%172.2%113.0%

Price Volatility Vs. Market

How volatile is Credit Bank of Moscow's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Credit Bank of Moscow undervalued compared to its fair value and its price relative to the market?

9.22x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CBOM (RUB6) is trading above our estimate of fair value (RUB2.46)

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


Price To Earnings Ratio

PE vs Industry: CBOM is poor value based on its PE Ratio (9.2x) compared to the Banks industry average (7.3x).

PE vs Market: CBOM is poor value based on its PE Ratio (9.2x) compared to the Russian market (7.6x).


Price to Earnings Growth Ratio

PEG Ratio: CBOM is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: CBOM is overvalued based on its PB Ratio (0.8x) compared to the RU Banks industry average (0.7x).


Next Steps

Future Growth

How is Credit Bank of Moscow forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

29.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CBOM's forecast earnings growth (29.4% per year) is above the savings rate (6.4%).

Earnings vs Market: CBOM's earnings (29.4% per year) are forecast to grow faster than the Russian market (4.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CBOM's revenue (20% per year) is forecast to grow faster than the Russian market (4.1% per year).

High Growth Revenue: CBOM's revenue (20% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CBOM's Return on Equity is forecast to be low in 3 years time (15.2%).


Next Steps

Past Performance

How has Credit Bank of Moscow performed over the past 5 years?

33.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CBOM has high quality earnings.

Growing Profit Margin: CBOM's current net profit margins (33%) are lower than last year (40.2%).


Past Earnings Growth Analysis

Earnings Trend: CBOM's earnings have grown significantly by 33.9% per year over the past 5 years.

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

Earnings vs Industry: CBOM had negative earnings growth (-11.8%) over the past year, making it difficult to compare to the Banks industry average (2.7%).


Return on Equity

High ROE: CBOM's Return on Equity (10.4%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Credit Bank of Moscow'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

Inventory Level: CBOM has a low level of unsold assets or inventory.

Debt Coverage by Assets: CBOM's debt is covered by short term assets (assets are 1.7x debt).


Financial Institutions Analysis

Asset Level: CBOM's level of assets compared to its equity is moderate.

Allowance for Bad Loans: CBOM has a sufficient allowance for bad loans.

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

Loan Level: CBOM has an acceptable proportion of non-loan assets held.

Low Risk Deposits: CBOM's loans are broadly funded by customer deposits.

Level of Bad Loans: CBOM has a high level of bad loans (3.69%)


Next Steps

Dividend

What is Credit Bank of Moscow's current dividend yield, its reliability and sustainability?

1.83%

Current Dividend Yield


Dividend Yield vs Market

company1.8%marketbottom25%3.6%markettop25%8.6%industryaverage6.4%forecastin3Years2.9%

Current dividend yield vs market & industry

Notable Dividend: CBOM's dividend (1.83%) isn’t notable compared to the bottom 25% of dividend payers in the Russian market (3.59%).

High Dividend: CBOM's dividend (1.83%) is low compared to the top 25% of dividend payers in the Russian market (8.62%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether CBOM's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if CBOM's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (16.9%), CBOM's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CBOM's dividends in 3 years are forecast to be well covered by earnings (20.1% payout ratio).


Next Steps

Management

What is the CEO of Credit Bank of Moscow's salary, the management and board of directors tenure and is there insider trading?

2.1yrs

Average management tenure


CEO

Vladimir Alexandrovich Chubar (39yo)

0yrs

Tenure

0

Education: • 2005: degree in Finance and Credit from the Finance Academy under the Government of the Russian Federation. • 2007: course "Budgeting and Financial Planning in Commercial Banks" in the Assoc ...


Management Age and Tenure

2.1yrs

Average Tenure

41yo

Average Age

Experienced Management: CBOM's management team is considered experienced (2.1 years average tenure).


Board Age and Tenure

5.1yrs

Average Tenure

57yo

Average Age

Experienced Board: CBOM's board of directors are considered experienced (5.1 years average tenure).


Insider Trading

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.


Management Team

  • Kamil Yusupov (48yo)

    Deputy Chairman of the Management Board

    • Tenure: 1.3yrs
  • Vladimir Alexandrovich Chubar (39yo)

    Chairman of the Management Board & Member of the Supervisory Board

    • Tenure: 0yrs
  • Anton Virichev (41yo)

    Head of Risk Management Directorate & Member of the Management Board

    • Tenure: 3.8yrs
  • Svetlana Sass (54yo)

    Chief Accountant & Member of the Management Board

    • Tenure: 11.1yrs
  • Alexey Kosyakov (36yo)

    Deputy Chairman of the Management Board

    • Tenure: 6.2yrs
  • Sergey Lukyanov

    Head of Investor Relations

    • Tenure: 0yrs
  • Alexander Kaznacheev (45yo)

    Deputy Chairman of the Management Board

    • Tenure: 2.2yrs
  • Oleg Borunov (40yo)

    Deputy Chairman of the Management Board

    • Tenure: 2yrs
  • Mikhail Polunin (45yo)

    First Deputy Chairman of the Management Board

    • Tenure: 1.8yrs
  • Sergey Putyatinsky (37yo)

    Deputy Chairman of the Management Board

    • Tenure: 0.9yrs

Board Members

  • Peter Daresbury (66yo)

    Independent Member of the Supervisory Board

    • Tenure: 2.1yrs
  • Bill Owens (69yo)

    Independent Chairman of the Supervisory Board

    • Tenure: 6.7yrs
  • Andreas Klingen (55yo)

    Independent Member of the Supervisory Board

    • Tenure: 3.1yrs
  • Ilkka Salonen (64yo)

    Independent Member of the Supervisory Board

    • Tenure: 3.1yrs
  • Vladimir Alexandrovich Chubar (39yo)

    Chairman of the Management Board & Member of the Supervisory Board

    • Tenure: 0yrs
  • Roman Avdeev (52yo)

    Member of the Supervisory Board

    • Tenure: 11.9yrs
  • Thomas Grasse (64yo)

    Non-Executive Member of the Supervisory Board

    • Tenure: 5.8yrs
  • Andrew Gazitua (57yo)

    Independent Member of the Supervisory Board

    • Tenure: 7.7yrs
  • Yevgeniy Gudkov

    Chairman of Audit Panel

    • Tenure: 4.5yrs
  • Sergey Menzhinsky (48yo)

    Member of the Supervisory Board

    • Tenure: 2.5yrs

Company Information

Credit Bank of Moscow (public joint-stock company)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Credit Bank of Moscow (public joint-stock company)
  • Ticker: CBOM
  • Exchange: MISX
  • Founded: 1992
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ₽178.859b
  • Shares outstanding: 29.83b
  • Website: https://mkb.ru

Number of Employees


Location

  • Credit Bank of Moscow (public joint-stock company)
  • Building 1
  • 2, Lukov Pereulok
  • Moscow
  • 107045
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CBOMMISX (Micex - Rts)YesOrdinary SharesRURUBJul 2015

Biography

Credit Bank of Moscow (public joint-stock company) provides various banking products and services in Russia. The company operates through four segments: Corporate Business, Retail Banking, Treasury, and Ca ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/13 22:05
End of Day Share Price2019/12/13 00:00
Earnings2019/09/30
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.