Credit Bank of Moscow
Credit Bank of Moscow (public joint-stock company) provides various banking products and services in Russia. The last earnings update was 17 days ago. More info.
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CBOM Share Price and Events
7 Day Returns
1 Year Returns
CBOM Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Credit Bank of Moscow (CBOM) | -0.4% | 0.1% | 0.5% | 19.6% | 50.8% | - |
| RU Banks | -3.6% | 4.1% | 16% | 13.9% | 80.7% | 176.8% |
| RU Market | 0.2% | 7.3% | 9.9% | 16.8% | 43.9% | 93.1% |
1 Year Return vs Industry and Market
- CBOM outperformed the Banks industry which returned 13.9% over the past year.
- CBOM outperformed the Market in Russian Federation which returned 16.8% over the past year.
Value
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
Credit Bank of Moscow
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Credit Bank of Moscow.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity = RUB6.46 * 11.5% |
RUB0.75 |
| Book Value of Equity per Share | Median Book Value from the past 5 years. | RUB6.46 |
| Discount Rate (Cost of Equity) | See below | 27.3% |
| Perpetual Growth Rate | 10-Year RU Government Bond Rate | 8.4% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year RU Govt Bond Rate | 8.4% |
| Equity Risk Premium | S&P Global | 9.4% |
| Banks Unlevered Beta | Simply Wall St/ S&P Global | 0.59 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.593 (1 + (1- 20%) (451.38%)) |
2.161 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
2 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.44% + (2 * 9.43%) |
27.3% |
Discounted Cash Flow Calculation for MISX:CBOM using Excess Returns Model Model
The calculations below outline how an intrinsic value for Credit Bank of Moscow is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (11.5% – 27.3%) * RUB6.46) |
RUB-1.02 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= RUB-1.02 / (27.3% - 8.44%) |
RUB-5.40 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= RUB6.46 + RUB-5.40 |
RUB1.06 |
| Calculation | Result | |
|---|---|---|
| Value per share (RUB) | From above. | RUB1.06 |
| Current discount | Discount to share price of
RUB5.96
= -1 x (RUB5.96 - RUB1.06) / RUB1.06 |
-459.9% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Credit Bank of Moscow is above its future cash flow value.
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 Credit Bank of Moscow's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Credit Bank of Moscow's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in RUB | RUB0.81 |
| MISX:CBOM Share Price ** | MISX (2019-06-14) in RUB | RUB5.96 |
| Russian Federation Banks Industry PE Ratio | Median Figure of 8 Publicly-Listed Banks Companies | 7.21x |
| Russian Federation Market PE Ratio | Median Figure of 136 Publicly-Listed Companies | 7.32x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Credit Bank of Moscow.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = MISX:CBOM Share Price ÷ EPS (both in RUB) = 5.96 ÷ 0.81 |
7.33x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Credit Bank of Moscow is overvalued based on earnings compared to the RU Banks industry average.
- Credit Bank of Moscow is overvalued based on earnings compared to the Russian Federation market.
Price based on expected Growth
Does
Credit Bank of Moscow's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 7.33x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts |
16.1%per year |
| Europe Banks Industry PEG Ratio | Median Figure of 113 Publicly-Listed Banks Companies | 0.79x |
| Russian Federation Market PEG Ratio | Median Figure of 32 Publicly-Listed Companies | 0.68x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 7.33x ÷ 16.1% |
0.45x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Credit Bank of Moscow is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Credit Bank of Moscow's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in RUB | RUB7.08 |
| MISX:CBOM Share Price * | MISX (2019-06-14) in RUB | RUB5.96 |
| Russian Federation Banks Industry PB Ratio | Median Figure of 9 Publicly-Listed Banks Companies | 0.63x |
| Russian Federation Market PB Ratio | Median Figure of 153 Publicly-Listed Companies | 0.79x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = MISX:CBOM Share Price ÷ Book Value per Share (both in RUB) = 5.96 ÷ 7.08 |
0.84x |
* Primary Listing of Credit Bank of Moscow.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Credit Bank of Moscow is overvalued based on assets compared to the RU Banks industry average.
Value checks
We assess Credit Bank of Moscow's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check) Credit Bank of Moscow has a total score of 1/6, 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
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!
Earnings growth vs Low Risk Savings
- Credit Bank of Moscow's earnings growth is expected to exceed the low risk savings rate of 8.4%.
Growth vs Market Checks
- Credit Bank of Moscow's earnings growth is expected to exceed the Russian Federation market average.
- Credit Bank of Moscow's revenue growth is expected to exceed the Russian Federation market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| MISX:CBOM Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts | 16.1% |
| MISX:CBOM Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts | 15.1% |
| Russian Federation Banks Industry Earnings Growth Rate | Market Cap Weighted Average | 11.1% |
| Europe Banks Industry Revenue Growth Rate | Market Cap Weighted Average | 4% |
| Russian Federation Market Earnings Growth Rate | Market Cap Weighted Average | 2.8% |
| Russian Federation Market Revenue Growth Rate | Market Cap Weighted Average | 4.5% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
| Date (Data in RUB Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 83,059 | 31,443 | 1 | |
| 2020-12-31 | 77,294 | 28,193 | 1 | |
| 2019-12-31 | 60,398 | 19,676 | 1 |
| Date (Data in RUB Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 56,464 | -628,794 | 22,002 |
| 2018-12-31 | 59,296 | 19,754 | 24,126 |
| 2018-09-30 | 51,011 | 759,597 | 19,961 |
| 2018-06-30 | 48,588 | 589,118 | 18,721 |
| 2018-03-31 | 43,259 | 587,845 | 16,204 |
| 2017-12-31 | 45,123 | 515,409 | 19,221 |
| 2017-09-30 | 42,400 | -221,212 | 17,861 |
| 2017-06-30 | 38,564 | -169,912 | 15,815 |
| 2017-03-31 | 34,213 | -85,488 | 13,810 |
| 2016-12-31 | 29,874 | -242,733 | 10,874 |
| 2016-09-30 | 25,435 | -334,003 | 8,316 |
| 2016-06-30 | 20,465 | -315,908 | 5,382 |
*GAAP earnings excluding extraordinary items.
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 1 Analyst Estimates (S&P Global) | See Below |
All data from Credit Bank of Moscow Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in RUB Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 1.16 | 1.16 | 1.16 | 1.00 |
| 2020-12-31 | 1.04 | 1.04 | 1.04 | 1.00 |
| 2019-12-31 | 0.73 | 0.73 | 0.73 | 1.00 |
| Date (Data in RUB Millions) | EPS * |
|---|---|
| 2019-03-31 | 0.81 |
| 2018-12-31 | 0.89 |
| 2018-09-30 | 0.74 |
| 2018-06-30 | 0.72 |
| 2018-03-31 | 0.64 |
| 2017-12-31 | 0.79 |
| 2017-09-30 | 0.75 |
| 2017-06-30 | 0.66 |
| 2017-03-31 | 0.58 |
| 2016-12-31 | 0.46 |
| 2016-09-30 | 0.36 |
| 2016-06-30 | 0.25 |
*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.
- Credit Bank of Moscow is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Credit Bank of Moscow's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Russian Federation market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Credit Bank of Moscow has a total score of 3/6, 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 Credit Bank of Moscow 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
Past Earnings growth analysis
- Credit Bank of Moscow has delivered over 20% year on year earnings growth in the past 5 years.
- Credit Bank of Moscow's 1-year earnings growth exceeds its 5-year average (35.8% vs 33.7%)
- Credit Bank of Moscow's earnings growth has exceeded the RU Banks industry average in the past year (35.8% vs 6.8%).
Earnings and Revenue History
All data from Credit Bank of Moscow Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in RUB Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 56,464.00 | 22,002.00 | 18,650.00 | |
| 2018-12-31 | 59,296.00 | 24,126.00 | 18,293.00 | |
| 2018-09-30 | 51,011.00 | 19,961.00 | 16,733.00 | |
| 2018-06-30 | 48,588.00 | 18,721.00 | 16,529.00 | |
| 2018-03-31 | 43,259.00 | 16,204.00 | 15,980.00 | |
| 2017-12-31 | 45,123.00 | 19,221.00 | 15,818.00 | |
| 2017-09-30 | 42,400.00 | 17,861.00 | 15,463.00 | |
| 2017-06-30 | 38,564.00 | 15,815.00 | 15,354.00 | |
| 2017-03-31 | 34,213.00 | 13,810.00 | 14,138.00 | |
| 2016-12-31 | 29,874.00 | 10,874.00 | 13,450.00 | |
| 2016-09-30 | 25,435.17 | 8,316.22 | 13,124.40 | |
| 2016-06-30 | 20,464.82 | 5,381.72 | 11,742.59 | |
| 2016-03-31 | 16,578.97 | 2,877.47 | 10,593.53 | |
| 2015-12-31 | 13,897.95 | 1,509.47 | 9,715.67 | |
| 2015-09-30 | 11,328.76 | 733.82 | 8,783.15 | |
| 2015-06-30 | 13,095.18 | 2,520.66 | 8,546.50 | |
| 2015-03-31 | 15,357.21 | 3,939.72 | 8,916.91 | |
| 2014-12-31 | 17,212.35 | 5,569.33 | 8,836.36 | |
| 2014-09-30 | 22,221.18 | 9,625.06 | 8,350.14 | |
| 2014-06-30 | 21,772.22 | 9,298.00 | 8,182.56 | |
| 2014-03-31 | 20,215.45 | 9,053.48 | 7,363.84 | |
| 2013-12-31 | 19,530.89 | 8,880.06 | 7,096.62 | |
| 2013-09-30 | 17,542.32 | 7,641.22 | 6,705.79 | |
| 2013-06-30 | 16,595.57 | 7,450.87 | 6,493.84 | |
| 2013-03-31 | 15,350.02 | 6,308.47 | 6,213.15 | |
| 2012-12-31 | 14,458.00 | 5,777.88 | 5,955.77 | |
| 2012-09-30 | 13,326.67 | 5,291.50 | 5,529.50 | |
| 2012-06-30 | 11,573.81 | 4,179.27 | 4,917.83 |
*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.
- Credit Bank of Moscow has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Credit Bank of Moscow used its assets less efficiently than the RU Banks industry average last year based on Return on Assets.
- Unable to establish if Credit Bank of Moscow improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess Credit Bank of Moscow's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Credit Bank of Moscow 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
This company is a bank or financial institution.Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Balance sheet
Assets
Liabilities and shares
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.
All data from Credit Bank of Moscow Company Filings, last reported 2 months ago.
| Date (Data in RUB Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 191,607.00 | 728,134.00 | 1,162,356.00 |
| 2018-12-31 | 191,173.00 | 695,694.00 | 1,188,871.00 |
| 2018-09-30 | 183,508.00 | 615,284.00 | 1,052,704.00 |
| 2018-06-30 | 177,393.00 | 705,968.00 | 1,041,893.00 |
| 2018-03-31 | 170,498.00 | 657,460.00 | 1,035,611.00 |
| 2017-12-31 | 177,589.00 | 748,159.00 | 1,045,921.00 |
| 2017-09-30 | 159,410.00 | 610,811.00 | 912,521.00 |
| 2017-06-30 | 154,375.00 | 573,586.00 | 765,500.00 |
| 2017-03-31 | 107,919.00 | 559,455.00 | 755,087.00 |
| 2016-12-31 | 103,401.00 | 653,067.00 | 854,172.00 |
| 2016-09-30 | 101,343.05 | 111,701.27 | 597,194.13 |
| 2016-06-30 | 98,427.40 | 180,624.24 | 517,255.95 |
| 2016-03-31 | 94,688.90 | 130,023.31 | 634,002.42 |
| 2015-12-31 | 92,338.46 | 176,247.09 | 470,314.65 |
| 2015-09-30 | 76,088.61 | 271,962.15 | 425,209.96 |
| 2015-06-30 | 75,682.87 | 256,697.52 | 277,657.43 |
| 2015-03-31 | 61,178.97 | 127,825.94 | 152,580.93 |
| 2014-12-31 | 59,987.49 | 142,900.87 | 169,262.36 |
| 2014-09-30 | 56,847.36 | 103,036.32 | 100,660.16 |
| 2014-06-30 | 54,902.34 | 102,443.72 | 109,674.35 |
| 2014-03-31 | 52,442.64 | 103,513.16 | 109,704.53 |
| 2013-12-31 | 50,658.05 | 100,447.10 | 104,376.16 |
| 2013-09-30 | 47,403.31 | 89,005.10 | 84,488.65 |
| 2013-06-30 | 43,034.20 | 87,937.06 | 78,362.82 |
| 2013-03-31 | 41,025.91 | 70,581.11 | 67,198.01 |
| 2012-12-31 | 39,292.29 | 54,095.70 | 91,054.45 |
| 2012-09-30 | 36,637.97 | 51,814.00 | 59,211.31 |
| 2012-06-30 | 29,240.40 | 47,971.76 | 62,255.93 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- Credit Bank of Moscow has an acceptable proportion of non-loan assets held.
- Credit Bank of Moscow's liabilities are made up of primarily low risk sources of funding.
- Loans at Credit Bank of Moscow are broadly funded by customer deposits.
- Credit Bank of Moscow's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
- Credit Bank of Moscow has a sufficient allowance for bad loans.
- Credit Bank of Moscow has a high level of bad loans (greater than 2%).
Financial health checks
We assess Credit Bank of Moscow's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Credit Bank of Moscow has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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 Credit Bank of Moscow'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
If you bought
RUB2,000 of
Credit Bank of Moscow
shares you are expected to receive
RUB37
in your first year as a dividend.
Dividend Amount
- Credit Bank of Moscow's pays a lower dividend yield than the bottom 25% of dividend payers in Russian Federation (3.2%).
- Credit Bank of Moscow's dividend is below the markets top 25% of dividend payers in Russian Federation (8.6%).
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.
| 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 1 Analyst Estimates (S&P Global) | See Below |
| Russian Federation Banks Industry Average Dividend Yield | Market Cap Weighted Average of 6 Stocks | 6.5% |
| Russian Federation Market Average Dividend Yield | Market Cap Weighted Average of 74 Stocks | 6.7% |
| Russian Federation Minimum Threshold Dividend Yield | 10th Percentile | 1.7% |
| Russian Federation Bottom 25% Dividend Yield | 25th Percentile | 3.2% |
| Russian Federation Top 25% Dividend Yield | 75th Percentile | 8.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in RUB) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 0.23 | 1.00 |
| 2020-12-31 | 0.21 | 1.00 |
| 2019-12-31 | 0.11 | 1.00 |
| Date (Data in RUB) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-05-29 | 0.110 | 1.841 |
| 2019-03-11 | 0.110 | 1.845 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- It is too early to tell whether Credit Bank of Moscow has stable dividend payments.
- Credit Bank of Moscow only just started paying a dividend, it is too early to tell if payments are increasing.
Income/ dividend checks
We assess Credit Bank of Moscow's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.7%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Credit Bank of Moscow afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Credit Bank of Moscow has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | RUB0 |
| AGE | 38 |
CEO Bio
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 Association of Russian Banks' Institute of Banking Business. Career summary: • 06.2005 – 03.2006: Lead Associate of Financial Statements Unit of Financial Department of PAO Credit Bank of Moscow ("PAO Credit Bank"). • 03.2006 – 10.2007: Head of Financial Statements Unit of Financial Department of PAO Credit Bank. • 10.2007 – 03.2008: Head of Financial Department of Financial Division of PAO Credit Bank. • 03.2008 – 03.2008: Head of Financial Statements Department of Financial Division of PAO Credit Bank. • 04.2008 – 10.2008: Director of Financial Division of PAO Credit Bank. • 05.2008 – to date: Member of the Management Board ofPAO Credit Bank. • 10.2008 – 01.2010: Deputy Chairman of the Management Board of PAO Credit Bank. • 01.2010 – 01.2012: First Deputy Chairman of the Management Board of PAO Credit Bank. • 10.2010 – to date: Member of the Supervisory Board of PAO Credit Bank. • 02.2012 – to date: Chairman of the Management Board of PAO Credit Bank. • 09.2015 – to date: Member of the Board of Directors of ROSSIUM Concern LLC. • 08.2016 – to date: Member of the Board of Directors of Savings and Loans Services Bank LLC. • 08.2016 – to date: Chairman of the Board of Directors of Savings and Loans Services Bank LLC.
CEO Compensation
- Insufficient data for Vladimir to compare compensation growth.
- Insufficient data for Vladimir to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure
Average tenure and age of the Credit Bank of Moscow management team in years:
- The average tenure for the Credit Bank of Moscow management team is less than 2 years, this suggests a new team.
Management Team
Vladimir Alexandrovich Chubar
Chairman of the Management Board & Member of the Supervisory Board
38
Alexey Kosyakov
Deputy Chairman of the Management Board
35
5.7 yrs
Alexander Kaznacheev
Deputy Chairman of the Management Board
44
1.7 yrs
Oleg Borunov
Deputy Chairman of the Management Board
39
1.5 yrs
Polunin Valerievich
First Deputy Chairman of the Management Board
44
1.3 yrs
Shevchuk Borisovich
First Deputy Chairman of the Management Board
45
1.3 yrs
Kamil Yusupov
Deputy Chairman of the Management Board
47
0.8 yrs
Sergey Putyatinsky
Deputy Chairman of the Management Board
36
0.4 yrs
Elena Shved
Director of Financial Division & Member of the Management Board
31
5.7 yrs
Anton Virichev
Head of Risk Management Directorate & Member of the Management Board
40
3.3 yrs
Board of Directors Tenure
Average tenure and age of the Credit Bank of Moscow board of directors in years:
- The tenure for the Credit Bank of Moscow board of directors is about average.
Board of Directors
Bill Owens
Chairman of the Supervisory Board
68
6.2 yrs
Vladimir Alexandrovich Chubar
Chairman of the Management Board & Member of the Supervisory Board
38
9.4 yrs
Andrew Gazitua
Member of the Supervisory Board
56
7.2 yrs
Yevgeniy Gudkov
Chairman of Audit Panel
4 yrs
Ilkka Salonen
Member of the Supervisory Board
63
2.6 yrs
Roman Avdeev
Member of the Supervisory Board
51
11.4 yrs
Thomas Grasse
Member of the Supervisory Board
63
5.3 yrs
Andreas Klingen
Member of the Supervisory Board
54
2.6 yrs
Sergey Menzhinsky
Member of the Supervisory Board
47
2 yrs
Peter Daresbury
Member of the Supervisory Board
65
1.6 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (RUB) | Value (RUB) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Credit Bank of Moscow's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Credit Bank of Moscow 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
How Did Credit Bank of Moscow (public joint-stock company)'s (MCX:CBOM) 10.79% ROE Fare Against The Industry?
This analysis is intended to introduce important early concepts to people who are starting to invest. … and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … See our latest analysis for Credit Bank of Moscow
Simply Wall St - – Full articleIs Credit Bank of Moscow (public joint-stock company) (MCX:CBOM) Undervalued After Accounting For Its Future Growth?
Credit Bank of Moscow (public joint-stock company) (MCX:CBOM) is considered a high-growth stock, but its last closing price of RUB4.73 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … What can we expect from Credit Bank of Moscow in the future. … Analysts are predicting good growth prospects for Credit Bank of Moscow over the next couple of years
Simply Wall St - – Full articleShould You Be Tempted To Sell Credit Bank of Moscow (public joint-stock company) (MCX:CBOM) Because Of Its PE Ratio?
The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to better understand how you can grow your money by investing in Credit Bank of Moscow (public joint-stock company) (MCX:CBOM). … Credit Bank of Moscow (public joint-stock company) (MCX:CBOM) is trading with a trailing P/E of 6.7x, which is higher than the industry average of 5.7x.
Simply Wall St - – Full articleShould You Expect Credit Bank of Moscow (public joint-stock company) (MCX:CBOM) To Continue Delivering An ROE Of 11.66%?
See our latest analysis for Credit Bank of Moscow Peeling the layers of ROE – trisecting a company’s profitability Return on Equity (ROE) weighs Credit Bank of Moscow’s profit against the level of its shareholders’ equity. … For now, let’s just look at the cost of equity number for Credit Bank of Moscow, which is 7.78%. … Given a positive discrepancy of 3.88% between return and cost, this indicates that Credit Bank of Moscow pays less for its capital than what it generates in return, which is a sign of capital efficiency.
Simply Wall St - – Full articleHave You Considered These Key Risks For Credit Bank of Moscow (public joint-stock company) (MCX:CBOM)?
Risk associated with repayment is measured by bad debt which is written off as an expense, impacting Credit Bank of Moscow’s bottom line. … Today we will analyse Credit Bank of Moscow’s level of bad debt and liabilities in order to understand the risk involved with investing in the bank. … Since Credit Bank of Moscow’s total deposit to total liabilities is within the sensible margin at 55.61% compared to other banks' level of 50%, it shows a prudent level of the bank's safer form of borrowing and an appropriate level of risk.Next Steps: Credit Bank of Moscow exhibits prudent management of risky assets and lending behaviour with sensible levels for all three ratios.
Simply Wall St - – Full articleWhat Do Analysts Think About Credit Bank of Moscow (public joint-stock company)'s (MCX:CBOM) Earnings Trajectory?
The latest earnings release Credit Bank of Moscow (public joint-stock company)'s (MISX:CBOM) announced in December 2017 showed that the company experienced a sizeable tailwind, eventuating to a high double-digit earnings growth of 90.39%. … Below is a brief commentary on my key takeaways on how market analysts predict Credit Bank of Moscow's earnings growth outlook over the next few years and whether the future looks even brighter than the past. … This means that, we can expect Credit Bank of Moscow will grow its earnings by 5.16% every year for the next couple of years.
Simply Wall St - – Full articleWas Credit Bank of Moscow (public joint-stock company)'s (MCX:CBOM) Earnings Growth Better Than The Industry's?
After reading Credit Bank of Moscow (public joint-stock company)'s (MISX:CBOM) latest earnings update (31 December 2017), I found it beneficial to look back at how the company has performed in the past and compare this against the most recent numbers. … See our latest analysis for Credit Bank of Moscow Did CBOM's recent earnings growth beat the long-term trend and the industry? … For Credit Bank of Moscow, its latest trailing-twelve-month earnings is RUРУБ20.70B, which, relative to last year’s figure, has climbed up by a substantial 90.39%.
Simply Wall St - – Full articleDoes Credit Bank of Moscow (public joint-stock company)'s (MCX:CBOM) PE Ratio Warrant A Buy?
Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for CBOM Price per share = RUB4.73 Earnings per share = RUB0.847 ∴ Price-Earnings Ratio = RUB4.73 ÷ RUB0.847 = 5.6x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you are inadvertently comparing lower risk firms with CBOM, then CBOM’s P/E would naturally be lower than its peers, since investors would value those with lower risk with a higher price. … If this assumption does not hold true, CBOM’s lower P/E ratio may be because firms in our peer group are being overvalued by the market.
Simply Wall St - – Full articleWhat Makes Credit Bank of Moscow (public joint-stock company) (MCX:CBOM) A Hard Investment?
Today we will be measuring Credit Bank of Moscow’s financial risk position by looking at three leverage and liquidity metrics. … See our latest analysis for Credit Bank of Moscow MISX:CBOM Historical Debt Mar 23rd 18 Is CBOM's Leverage Level Appropriate? … Compared to the appropriate industry loan to deposit level of 90%, Credit Bank of Moscow’s ratio of over 78.16% is sensibly lower and within the safe margin, which places the bank in a relatively safe liquidity position given it has not excessively lent out its deposits and has maintained a suitable level for compliance.Next Steps: Credit Bank of Moscow meets all of our liquidity and leverage criteria, exhibiting operational prudency.
Simply Wall St - – Full articleWhat Is Credit Bank of Moscow (public joint-stock company)'s (MCX:CBOM) Share Price Doing?
Credit Bank of Moscow (public joint-stock company) (MISX:CBOM), operating in the financial services industry based in Russia, saw a decent share price growth in the teens level on the MISX over the last few months. … What’s more interesting is that, Credit Bank of Moscow’s share price is quite stable, which could mean two things: firstly, it may take the share price a while to move to its intrinsic value, and secondly, there may be less chances to buy low in the future once it reaches that value. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price.
Simply Wall St - – Full articleCompany Info
Description
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 Cash Operations. The Corporate Business segment offers corporate and overdraft lending, factoring, financial and operating leasing, letters of credit, guarantees, corporate deposit transactions, and settlements and money transfer services. The Retail Banking segment provides retail demand and term deposit services; retail lending, including cashloans, car loans and mortgages, and private banking; and banking card products, as well as settlements and money transfer services. The Treasury segment offers interbank lending and borrowings from banks, securities trading and brokerage in securities, repo transactions, and foreign exchange services, as well as issues domestic bonds and promissory notes. The Cash Operations segment engages in cash handling, calculation, and transportation activities. It operates 132 branches, 1,204 ATMs, and 7,023 payment terminals in Moscow and the Moscow region. The company was founded in 1992 and is based in Moscow, Russia. Credit Bank of Moscow (public joint-stock company) is a subsidiary of LLC Concern Rossium.
Details
| Name: | Credit Bank of Moscow (public joint-stock company) |
| CBOM | |
| Exchange: | MISX |
| Founded: | 1992 |
| RUB161,313,831,671 | |
| 27,079,709,866 | |
| Website: | http://mkb.ru |
| Address: |
Credit Bank of Moscow (public joint-stock company) Building 1, 2, Lukov Pereulok, Moscow, 107045, Russia |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| MISX | CBOM | Ordinary Shares | Micex - Rts | RU | RUB | 01. Jul 2015 |
Number of employees
Current staff
Industry
| Diversified Banks | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/15 21:48 |
| End of day share price update: | 2019/06/14 00:00 |
| Last estimates confirmation: | 2019/06/03 |
| Last earnings filing: | 2019/05/29 |
| Last earnings reported: | 2019/03/31 |
| 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.
