MISX:ROSB

Stock Analysis Report

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Executive Summary

Public joint stock company ROSBANK provides commercial and investment banking, and custodial services in Russia.

Risk Analysis

High level of non-cash earnings



Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

How has ROSBANK's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

2.0%

ROSB

6.2%

RU Banks

2.5%

RU Market


1 Year Return

27.4%

ROSB

-10.7%

RU Banks

1.3%

RU Market

Return vs Industry: ROSB exceeded the Russian Banks industry which returned -10.7% over the past year.

Return vs Market: ROSB exceeded the Russian Market which returned 1.3% over the past year.


Shareholder returns

ROSBIndustryMarket
7 Day2.0%6.2%2.5%
30 Day1.1%5.7%4.0%
90 Day4.7%-11.1%-3.3%
1 Year27.4%27.4%-4.9%-10.7%8.1%1.3%
3 Year39.0%39.0%54.3%32.7%61.2%35.2%
5 Year58.4%58.4%224.0%173.3%117.7%69.8%

Price Volatility Vs. Market

How volatile is ROSBANK's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is ROSBANK undervalued compared to its fair value and its price relative to the market?

10.15x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ROSB's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ROSB's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: ROSB is poor value based on its PE Ratio (10.1x) compared to the Banks industry average (9.4x).

PE vs Market: ROSB is poor value based on its PE Ratio (10.1x) compared to the Russian market (8.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ROSB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ROSB is good value based on its PB Ratio (0.6x) compared to the RU Banks industry average (0.7x).


Next Steps

Future Growth

How is ROSBANK forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.9%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as ROSBANK has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has ROSBANK performed over the past 5 years?

53.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ROSB has a high level of non-cash earnings.

Growing Profit Margin: ROSB's current net profit margins (20.8%) are lower than last year (22.6%).


Past Earnings Growth Analysis

Earnings Trend: ROSB's earnings have grown significantly by 53.1% per year over the past 5 years.

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

Earnings vs Industry: ROSB had negative earnings growth (-7.3%) over the past year, making it difficult to compare to the Banks industry average (-3.6%).


Return on Equity

High ROE: ROSB's Return on Equity (6.4%) is considered low.


Next Steps

Financial Health

How is ROSBANK'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: ROSB's Assets to Equity ratio (7.1x) is low.

Allowance for Bad Loans: ROSB has a low allowance for bad loans (100%).

Low Risk Liabilities: 82% of ROSB's liabilities are made up of primarily low risk sources of funding.

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

Low Risk Deposits: ROSB's Loans to Deposits ratio (89%) is appropriate.

Level of Bad Loans: ROSB has a high level of bad loans (4.6%).


Next Steps

Dividend

What is ROSBANK's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ROSB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ROSB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ROSB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ROSB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ROSB'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?

2.2yrs

Average management tenure


CEO

Ilya Polyakov (40yo)

2.08yrs

Tenure

Mr. Ilya Andreevich Polyakov serves as the Chief Executive Officer at PJSC ROSBANK and has also been its Director since June 27, 2018. Mr. Polyakov has been the Chairman of the Management Board at PJSC ROS ...


Leadership Team

NamePositionTenureCompensationOwnership
Ilya Polyakov
Chairman of Management Board2.08yrsno datano data
Ulan Ilishkin
Deputy Chairman of Management Board10.17yrsno datano data
Perizat Shay Shaikhina
Deputy Chairman of Management Board6.83yrsno datano data
Denis Jean Bernard Marie
First Deputy Chairman of Management Boardno datano datano data
The Andre Marc Richard
First Vice Chairman of the Boardno datano datano data
Maria Ruseva
Deputy Chairperson of Management Board0.75yrno datano data
Alexander Ovchinnikov
Member of the Management Board & CFO2.17yrsno datano data
Anne de Kouchkovsky
Risk Director & Member of the Management Board2.17yrsno datano data
Natalia Voevodina
Operational Directorno datano datano data
Alexander Taratorin
Director of Implementation & Quality of IT Solutions Dept. and Acting Chief Information Officer0.50yrno datano data

2.2yrs

Average Tenure

50yo

Average Age

Experienced Management: ROSB's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ilya Polyakov
Chairman of Management Board2.08yrsno datano data
Christian Schricke
Independent Director9.83yrsno datano data
Jean-Luc Joseph Parer
Directorno datano datano data
Bernardo Sanchez-Incera
Director9.92yrsno datano data
Benoit Jean Ottenwaelter
Director3.33yrsno datano data
Didier Hauguel
Chairman of the Board8yrsno datano data
Pascal Augé
Director6.92yrsno datano data
Marie-Christine Ducholet
Director5.92yrsno datano data
Françoise Mercadal-Delasalles
Director9.17yrsno datano data
Hanna-Leena Loikkanen
Independent Director3.33yrsno datano data

6.9yrs

Average Tenure

58yo

Average Age

Experienced Board: ROSB's board of directors are considered experienced (6.9 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Public joint stock company ROSBANK's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Public joint stock company ROSBANK
  • Ticker: ROSB
  • Exchange: MISX
  • Founded: 1993
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ₽109.509b
  • Shares outstanding: 1.55b
  • Website: https://www.rosbank.ru

Location

  • Public joint stock company ROSBANK
  • 34, Masha Poryvaeva Street
  • Moscow
  • 107078
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ROSBMISX (Micex - Rts)YesOrdinary SharesRURUBJul 2006

Biography

Public joint stock company ROSBANK provides commercial and investment banking, and custodial services in Russia. The company operates through Retail Banking, Corporate Banking, and Treasury and Financial Institutions segments. It offers various banking products, including current accounts, savings and deposit products, loans and other credit facilities, mortgages, overdrafts, credit and debit cards, derivative products, and travel insurance services, as well as private banking products and services. The company also provides consumer loans; and leasing, cash management, documentary, and payroll services. In addition, it provides cash management and corporate lending services; trade finance services, which includes bank guarantees Rubles and foreign currency, letter of credit, structuring of transactions, and consulting services; investment banking services; custody services. Further, the company offers foreign exchange and money market operations; investment and risk management solutions, such as hedging; and brokerage services. Additionally, it offers factoring, processing, and telecommunication services; Internet, mobile, and phone banking services; and ATM services. The company primarily serves medium-sized trade, finance, and technology companies. As of December 31, 2019, it operated through nine branches. The company was incorporated in 1993 and is based in Moscow, Russia. Public joint stock company ROSBANK is a subsidiary of Société Générale S.A. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/30 22:56
End of Day Share Price2020/05/29 00:00
Earnings2019/12/31
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.