MISX:ALBK

Stock Analysis Report

Executive Summary

Public Joint Stock Company Best Efforts Bank provides a range of banking services to professional market participants in Russia.


Snowflake Analysis

Solid track record with worrying balance sheet.

Share Price & News

How has Best Efforts Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ALBK's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

ALBK

1.7%

RU Capital Markets

6.1%

RU Market


1 Year Return

-41.8%

ALBK

-4.7%

RU Capital Markets

-5.9%

RU Market

Return vs Industry: ALBK underperformed the Russian Capital Markets industry which returned -5.6% over the past year.

Return vs Market: ALBK underperformed the Russian Market which returned -6% over the past year.


Shareholder returns

ALBKIndustryMarket
7 Day0%1.7%6.1%
30 Day-8.3%-4.7%-14.2%
90 Day-20.2%-10.9%-21.7%
1 Year-39.4%-41.8%2.2%-4.7%0.6%-5.9%
3 Year75.7%59.7%-13.2%-22.2%32.7%11.9%
5 Year172.3%147.5%-26.7%-40.4%85.4%44.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Best Efforts Bank undervalued compared to its fair value and its price relative to the market?

34.53x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ALBK (RUB48) is trading above our estimate of fair value (RUB1.94)

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


Price To Earnings Ratio

PE vs Industry: ALBK is poor value based on its PE Ratio (33.5x) compared to the Capital Markets industry average (16.9x).

PE vs Market: ALBK is poor value based on its PE Ratio (33.5x) compared to the Russian market (7.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ALBK is overvalued based on its PB Ratio (2.4x) compared to the RU Capital Markets industry average (1.1x).


Next Steps

Future Growth

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

16.1%

Forecasted Diversified Financials 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 Best Efforts Bank 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 Best Efforts Bank performed over the past 5 years?

22.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ALBK has high quality earnings.

Growing Profit Margin: ALBK's current net profit margins (26.7%) are higher than last year (21.7%).


Past Earnings Growth Analysis

Earnings Trend: ALBK's earnings have grown significantly by 22.6% per year over the past 5 years.

Accelerating Growth: ALBK's earnings growth over the past year (64.3%) exceeds its 5-year average (22.6% per year).

Earnings vs Industry: ALBK earnings growth over the past year (64.3%) exceeded the Capital Markets industry 5.4%.


Return on Equity

High ROE: ALBK's Return on Equity (9.8%) is considered low.


Next Steps

Financial Health

How is Best Efforts Bank'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: ALBK has a low level of unsold assets or inventory.

Debt Coverage by Assets: ALBK's debt is covered by short term assets (assets are 10.4x debt).


Financial Institutions Analysis

Asset Level: ALBK's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if ALBK has a sufficient allowance for bad loans.

Low Risk Liabilities: ALBK reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if ALBK has an acceptable proportion of non-loan assets held.

Low Risk Deposits: ALBK has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if ALBK has an appropriate level of bad loans.


Next Steps

Dividend

What is Best Efforts Bank's current dividend yield, its reliability and sustainability?

4.32%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ALBK's dividend (4.46%) is higher than the bottom 25% of dividend payers in the Russian market (4.31%).

High Dividend: ALBK's dividend (4.46%) is low compared to the top 25% of dividend payers in the Russian market (10.26%).


Stability and Growth of Payments

Stable Dividend: ALBK has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: ALBK's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (193.2%), ALBK's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.7yrs

Average board tenure


CEO

Irina Ionova

no data

Tenure

Ms. Irina Borisovna Ionova serves as Chairman of Management Board at Public Joint Stock Company Best Efforts Bank. 


Board Members

NamePositionTenureCompensationOwnership
Roman Goryunov
Chairman of the Board of Directors5.67yrsno datano data
Igor Larionov
Director5.67yrsno datano data
Maxim Volkov
Director7.17yrsno datano data
Svetlana Ribina
Director5.67yrsno datano data
Oleg Sukharev
Director5.67yrsno datano data
Vasiliy Fedorov
Director5.67yrsno datano data
Olga Starovoytova
Directorno datano datano data

5.7yrs

Average Tenure

45.5yo

Average Age

Experienced Board: ALBK's board of directors are considered experienced (5.8 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 Best Efforts Bank's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Public Joint Stock Company Best Efforts Bank
  • Ticker: ALBK
  • Exchange: MISX
  • Founded: 1990
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Market Cap: ₽2.796b
  • Shares outstanding: 56.49m
  • Website: https://www.besteffortsbank.ru

Location

  • Public Joint Stock Company Best Efforts Bank
  • 38/1 Dolgorukovskaya Street
  • Moscow
  • 127006
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALBKMISX (Micex - Rts)YesCommon SharesRURUBMay 2012
ALBKMISX (Micex - Rts)YesCommon SharesRURUBMay 2012

Biography

Public Joint Stock Company Best Efforts Bank provides a range of banking services to professional market participants in Russia. The company provides single cash position and portfolio margining services; and classical banking services, such as settlement and cash services to individual entrepreneurs, individuals in private practice, and credit institutions, as well as offers deposits and loans to individuals. It also acts as an intermediary for legal entities; provides custodial services; and offers access to the trading venues of Moscow and Saint-Petersburg Exchanges. In addition, the company focuses on IT and outsourcing solutions for its clients, as well as investment banking and customer services; and providing remote identification services of the client, as well as back office services for small and medium companies. It serves approximately 40 clients. The company was founded in 1990 and is based in Moscow, Russia. As of January 21, 2020, Public Joint Stock Company Best Efforts Bank operates as a subsidiary of Public Joint-Stock Company SAINT PETERSBURG EXCHANGE. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/31 22:36
End of Day Share Price2020/03/31 00:00
Earnings2019/10/01
Annual Earnings2019/01/01


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.