MISX:CBOM

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Credit Bank of Moscow

Executive Summary

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


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

CBOMIndustryMarket
7 Day1.1%3.6%1.3%
30 Day1.9%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 Year31.6%29.1%61.0%38.4%63.6%37.6%
5 Yearn/a229.0%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

Valuation

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

NamePositionTenureCompensationOwnership
Vladimir Alexandrovich Chubar
Chairman of the Management Board & Member of the Supervisory Boardno datano data0.023% RUB38.0m
Alexey Kosyakov
Deputy Chairman of the Management Board6.67yrsno data0.0014% RUB2.3m
Alexander Kaznacheev
Deputy Chairman of the Management Board2.67yrsno data0.0016% RUB2.6m
Oleg Borunov
Deputy Chairman of the Management Board2.5yrsno data0.0016% RUB2.6m
Mikhail Polunin
First Deputy Chairman of the Management Board2.25yrsno data0.00072% RUB1.2m
Kamil Yusupov
Deputy Chairman of the Management Board1.83yrsno datano data
Sergey Putyatinsky
Deputy Chairman of the Management Board1.42yrsno datano data
Mikhail Pavlov
Chief Financial Officerno datano datano data
Anton Virichev
Head of Risk Management Directorate & Member of the Management Board4.33yrsno data0.0016% RUB2.6m
Svetlana Sass
Chief Accountant & Member of the Management Board11.58yrsno data0.00056% 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

NamePositionTenureCompensationOwnership
Vladimir Alexandrovich Chubar
Chairman of the Management Board & Member of the Supervisory Boardno datano data0.023% RUB38.0m
William Owens
Independent Chairman of the Supervisory Board7.17yrs₽410.28kno data
Andreas Klingen
Independent Member of the Supervisory Board3.58yrs₽166.17kno data
Ilkka Salonen
Independent Member of the Supervisory Board3.58yrs₽180.46kno data
Roman Avdeev
Member of the Supervisory Board12.42yrsno datano data
Thomas Grasse
Non-Executive Member of the Supervisory Board6.25yrs₽166.17kno data
Andrew Gazitua
Independent Member of the Supervisory Board8.17yrs₽323.31kno data
Alexey Stepanenko
Member of the Supervisory Board2.58yrsno data0.0023% RUB3.7m
Yevgeniy Gudkov
Chairman of Audit Panel5yrsno data0.00010% RUB163.3k
Sergey Menzhinsky
Member of the Supervisory Board3yrsno datano 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

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 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 11:27
End of Day Share Price2020/06/04 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.