Public Joint Stock Company ‘SAFMAR Financial investment’, an investment holding company, focuses on financial industry. More info.
Sorry, no analysis for SAFMAR Financial investment's competitors could be found in our database.
The calculations below outline how an intrinsic value for SAFMAR Financial investment 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.
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
RUB-24.29 = (12.65% – 15.91%) * RUB744.95)
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
RUB-274.17 = RUB-24.29 / (15.91% - 7.05%)
Value of Equity = Book Value per share + Terminal Value of Excess Returns
RUB470.78 = RUB744.95 + RUB-274.17Inputs used in model:
Stable EPS = Stable Book Value * Return on Equity
RUB94.23 = RUB744.95 * 12.65%
Source: Last reported Return on Equity.
Book Value of Equity per Share: RUB744.95
Source: Last reported Book Value.
Expected Growth Rate: 7.05%
Source: Risk Free Rate/ 10 year Government Bond Rate in RUB.
Value per share:
Current discount (share price of RUB572.5): -21.61%
The discount rate, or required rate of return, is estimated by calculating the Cost of Equity.
Discount rate = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
Discount rate = 15.91% = 7.05% + (1.114 * 7.95%)
The Levered Beta is the Unlevered Beta adjusted for financial leverage. It is limited to 0.8 to 2.0 (practical range for a stable firm). Note the market value of equity is used not the book value (RUB63,935,082,500).
Levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
1.114 = 0.692 (1 + (1- 20%) (39.45%))
Levered Beta used in calculation = 1.114
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 SAFMAR Financial investment 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 Simply Wall St do have past financial data. You can see them here.
Mr. Alexander Sergeevich Mikhaylov has been the President at Public Joint Stock Company Europlan since February 16, 2016 and serves as its Chief Executive Officer. Mr. Mikhaylov has been the Chairman of Management Board at Public Joint Stock Company Europlan since April 2, 2016. He served as Head of Fund Raising, Treasury and Investors Relations at Public Joint Stock Company Europlan from 2011 to February 2016 and served as its Head of Finance and Purchasing from 2013 to February 2016 and Vice-President from 2009 to February 2016. He served as a Director of Closed Joint Stock Company Europlan.
Average tenure and age of the SAFMAR Financial investment management team in years:
Average tenure and age of the SAFMAR Financial investment board of directors in years:
Generally, an investor should consider two types of risk that impact the market value of SFIN. … SFIN's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … SFIN, with its market capitalisation of RUРУБ64.49B, is a small-cap stock, which generally have higher beta than similar companies of larger size.Simply Wall St - – Full article
Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for SFIN Price per share = RUB693.5 Earnings per share = RUB34.055 ∴ Price-Earnings Ratio = RUB693.5 ÷ RUB34.055 = 20.4x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … Ideally, we want to compare the stock’s P/E ratio to the average of companies that have similar characteristics as SFIN, such as size and country of operation. … For example, if you are inadvertently comparing riskier firms with SFIN, then SFIN’s P/E would naturally be higher than its peers since investors would reward its lower risk with a higher price.Simply Wall St - – Full article
Check out our latest analysis for SAFMAR Financial investment Did SFIN's recent earnings growth beat the long-term trend and the industry? … For SAFMAR Financial investment, its most recent earnings (trailing twelve month) is RUРУБ6.07B, which compared to last year’s figure, has escalated by over 100%. … Given that these figures are somewhat nearsighted, I’ve created an annualized five-year figure for SAFMAR Financial investment's net income, which stands at RUРУБ2.59B This means that, on average, SAFMAR Financial investment has been able to gradually grow its earnings over the last couple of years as well.Simply Wall St - – Full article
Public Joint Stock Company ‘SAFMAR Financial investment’, an investment holding company, focuses on financial industry. The company leases vehicles, including passenger cars, commercial vehicles, self-propelled machines, buses, and others, as well as provides related aftermarket services. It also offers non-governmental pension funds. The company is based in Moscow, Russia.
|Name:||Public Joint Stock Company "SAFMAR Financial investment"|
Public Joint Stock Company "SAFMAR Financial investment"
33/1 Kotelnicheskaya nab,
|Exchange Symbol||Ticker Symbol||Security||Exchange||Country||Currency||Listed on|
|MISX||SFIN||Common Shares||Micex - Rts||RU||RUB||16. Dec 2015|
|Company Analysis updated:||2018/04/22 19:41|
|Last earnings update:||2017/09/30|
|Last annual earnings update:||2016/12/31|
All dates 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.