Executive Summary
Credit Bank of Moscow public joint-stock company provides various banking products and services in Russia.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with reasonable growth potential.
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
3.6%
RU Banks
1.3%
RU Market
1 Year Return
-8.5%
CBOM
-12.0%
RU Banks
0.1%
RU Market
Return vs Industry: CBOM exceeded the Russian Banks industry which returned -12% over the past year.
Return vs Market: CBOM underperformed the Russian Market which returned 0.1% over the past year.
Shareholder returns
| CBOM | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.1% | 3.6% | 1.3% |
| 30 Day | 1.9% | 8.5% | 4.9% |
| 90 Day | -1.8% | -2.9% | 1.0% |
| 1 Year | -8.5%-8.5% | -6.2%-12.0% | 6.8%0.1% |
| 3 Year | 31.6%29.1% | 61.0%38.4% | 63.6%37.6% |
| 5 Year | n/a | 229.0%179.0% | 118.0%70.0% |
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
22 hours ago | Simply Wall St
What Type Of Shareholder Owns Credit Bank of Moscow (public joint-stock company)'s (MCX:CBOM)?1 month ago | Simply Wall St
The Credit Bank of Moscow (MCX:CBOM) Share Price Has Gained 21% And Shareholders Are Hoping For MoreValuation
Is Credit Bank of Moscow undervalued compared to its fair value and its price relative to the market?
11.24x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CBOM (RUB5.47) is trading above our estimate of fair value (RUB0.63)
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 (11.2x) compared to the Banks industry average (7.6x).
PE vs Market: CBOM is poor value based on its PE Ratio (11.2x) compared to the Russian market (8.2x).
Price to Earnings Growth Ratio
PEG Ratio: CBOM is good value based on its PEG Ratio (0.4x)
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?
25.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CBOM's forecast earnings growth (25.1% per year) is above the savings rate (8.3%).
Earnings vs Market: CBOM's earnings (25.1% per year) are forecast to grow faster than the Russian market (15.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CBOM's revenue (12.8% per year) is forecast to grow faster than the Russian market (7% per year).
High Growth Revenue: CBOM's revenue (12.8% per year) is forecast to grow slower 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 (12.7%).
Next Steps
Past Performance
How has Credit Bank of Moscow performed over the past 5 years?
28.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CBOM has high quality earnings.
Growing Profit Margin: CBOM's current net profit margins (27.3%) are lower than last year (43.9%).
Past Earnings Growth Analysis
Earnings Trend: CBOM's earnings have grown significantly by 28.3% 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 (-37.4%) over the past year, making it difficult to compare to the Banks industry average (-2.1%).
Return on Equity
High ROE: CBOM's Return on Equity (7.9%) is considered low.
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
Financial Institutions Analysis
Asset Level: CBOM's Assets to Equity ratio (13.1x) is moderate.
Allowance for Bad Loans: CBOM has a sufficient allowance for bad loans (161%).
Low Risk Liabilities: 54% of CBOM's liabilities are made up of primarily low risk sources of funding.
Loan Level: CBOM has an appropriate level of Loans to Assets ratio (31%).
Low Risk Deposits: CBOM's Loans to Deposits ratio (62%) is appropriate.
Level of Bad Loans: CBOM has a high level of bad loans (3.3%).
Next Steps
Dividend
What is Credit Bank of Moscow's current dividend yield, its reliability and sustainability?
2.01%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CBOM's dividend (2.01%) isn’t notable compared to the bottom 25% of dividend payers in the Russian market (3.71%).
High Dividend: CBOM's dividend (2.01%) is low compared to the top 25% of dividend payers in the Russian market (9.07%).
Stability and Growth of Payments
Stable Dividend: CBOM is not paying a notable dividend for the Russian market, therefore no need to check if payments are stable.
Growing Dividend: CBOM is not paying a notable dividend for the Russian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: CBOM is not paying a notable dividend for the Russian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CBOM's dividend in 3 years as they are not forecast to pay a notable one for the Russian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.6yrs
Average management tenure
CEO
Vladimir Alexandrovich Chubar (39yo)
no data
Tenure
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 ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Management Board & Member of the Supervisory Board | no data | no data | 0.023% RUB38.0m | |
| Deputy Chairman of the Management Board | 6.67yrs | no data | 0.0014% RUB2.3m | |
| Deputy Chairman of the Management Board | 2.67yrs | no data | 0.0016% RUB2.6m | |
| Deputy Chairman of the Management Board | 2.5yrs | no data | 0.0016% RUB2.6m | |
| First Deputy Chairman of the Management Board | 2.25yrs | no data | 0.00072% RUB1.2m | |
| Deputy Chairman of the Management Board | 1.83yrs | no data | no data | |
| Deputy Chairman of the Management Board | 1.42yrs | no data | no data | |
| Chief Financial Officer | no data | no data | no data | |
| Head of Risk Management Directorate & Member of the Management Board | 4.33yrs | no data | 0.0016% RUB2.6m | |
| Chief Accountant & Member of the Management Board | 11.58yrs | no data | 0.00056% RUB914.4k |
2.6yrs
Average Tenure
41yo
Average Age
Experienced Management: CBOM's management team is considered experienced (2.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Management Board & Member of the Supervisory Board | no data | no data | 0.023% RUB38.0m | |
| Independent Chairman of the Supervisory Board | 7.17yrs | ₽410.28k | no data | |
| Independent Member of the Supervisory Board | 3.58yrs | ₽166.17k | no data | |
| Independent Member of the Supervisory Board | 3.58yrs | ₽180.46k | no data | |
| Member of the Supervisory Board | 12.42yrs | no data | no data | |
| Non-Executive Member of the Supervisory Board | 6.25yrs | ₽166.17k | no data | |
| Independent Member of the Supervisory Board | 8.17yrs | ₽323.31k | no data | |
| Member of the Supervisory Board | 2.58yrs | no data | 0.0023% RUB3.7m | |
| Chairman of Audit Panel | 5yrs | no data | 0.00010% RUB163.3k | |
| Member of the Supervisory Board | 3yrs | no data | no data |
5.6yrs
Average Tenure
55yo
Average Age
Experienced Board: CBOM's board of directors are considered experienced (5.6 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 10.2%.
Top Shareholders
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: ₽163.288b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CBOM | MISX (Micex - Rts) | Yes | Ordinary Shares | RU | RUB | Jul 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 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 operates as a subsidiary of Limited Liability Company Concern ROSSIUM
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/05 11:27 |
| End of Day Share Price | 2020/06/04 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.