MISX:SFIN

Stock Analysis Report

SAFMAR Financial investments

Executive Summary

Public Joint Stock Company 'SAFMAR Financial investments', an investment holding company, primarily operates as a leasing company in Russia.

Snowflake

Fundamentals

Fair value with limited growth.

Share Price & News

How has SAFMAR Financial investments's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.4%

SFIN

1.0%

RU Consumer Finance

1.5%

RU Market


1 Year Return

-34.3%

SFIN

-24.8%

RU Consumer Finance

16.2%

RU Market

Return vs Industry: SFIN underperformed the Russian Consumer Finance industry which returned -24.8% over the past year.

Return vs Market: SFIN underperformed the Russian Market which returned 16.2% over the past year.


Shareholder returns

SFINIndustryMarket
7 Day0.4%1.0%1.5%
30 Day-6.5%-2.6%-0.4%
90 Day-4.3%-7.4%3.8%
1 Year-32.4%-34.3%-22.1%-24.8%24.6%16.2%
3 Year-30.6%-35.3%-34.0%-47.6%66.9%40.9%
5 Yearn/a-8.4%-35.9%164.7%107.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is SAFMAR Financial investments undervalued compared to its fair value and its price relative to the market?

5.66x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: SFIN (RUB462) is trading above our estimate of fair value (RUB106.85)

Significantly Undervalued: SFIN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SFIN is good value based on its PE Ratio (5.7x) compared to the Consumer Finance industry average (11x).

PE vs Market: SFIN is good value based on its PE Ratio (5.7x) compared to the Russian market (6.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SFIN is good value based on its PB Ratio (0.5x) compared to the XE Consumer Finance industry average (1.1x).


Next Steps

Future Growth

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

16.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SFIN's forecast earnings growth (16.9% per year) is above the savings rate (8.4%).

Earnings vs Market: SFIN's earnings (16.9% per year) are forecast to grow faster than the Russian market (4.7% per year).

High Growth Earnings: SFIN's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if SFIN's revenue is forecast to grow faster than the Russian market.

High Growth Revenue: Insufficient data to determine if SFIN's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if SFIN's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has SAFMAR Financial investments performed over the past 5 years?

42.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SFIN's earnings have grown significantly by 42.3% per year over the past 5 years.

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

Earnings vs Industry: SFIN had negative earnings growth (-22.1%) over the past year, making it difficult to compare to the Consumer Finance industry average (7.8%).


Return on Equity

High ROE: SFIN's Return on Equity (9.7%) is considered low.


Return on Assets

ROA vs Industry: SFIN's Return on Assets is below or equal to the Consumer Finance industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate SFIN's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is SAFMAR Financial investments'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: SFIN has a low level of unsold assets or inventory.

Debt Coverage by Assets: SFIN's debt is covered by short term assets (assets are 6.914110x debt).


Financial Institutions Analysis

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

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

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

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

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

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


Next Steps

Dividend

What is SAFMAR Financial investments's current dividend yield, its reliability and sustainability?

3.14%

Current Dividend Yield


Dividend Yield vs Market

company3.1%marketbottom25%3.2%markettop25%8.6%industryaverage4.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: SFIN's dividend (3.14%) isn’t notable compared to the bottom 25% of dividend payers in the Russian market (3.24%).

High Dividend: SFIN's dividend (3.14%) is low compared to the top 25% of dividend payers in the Russian market (8.62%).

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

Growing Dividend: SFIN's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (17.8%), SFIN's dividend payments are 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

What is the CEO of SAFMAR Financial investments's salary, the management and board of directors tenure and is there insider trading?

2.8yrs

Average board tenure


CEO

Avet Mirakyan (45yo)

0yrs

Tenure

0

Mr. Avet Vladimirovich Mirakyan serves as Chairman of the Board of Directors at JSC "Leasing company "Europlan".Mr. Mirakyan graduated from Yerevan State University, majoring in International Economic Rela ...


Board Age and Tenure

2.8yrs

Average Tenure

53.5yo

Average Age

Experienced Board: SFIN's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Alexander Mikhaylov (42yo)

    General Director of JSC "LK" Europlan

    • Tenure: 0yrs
  • Tatiana Yurina (48yo)

    Vice-President

    • Tenure: 0yrs
  • Marina Konkova (64yo)

    Deputy Financial Director & Member of the Audit Commission

    • Tenure: 0yrs
  • Oleg Andriyankin (38yo)

    CFO & Director

    • Tenure: 1.9yrs
  • Sergei Mizura (37yo)

    Vice-President

    • Tenure: 0yrs
  • Sergei Pukhov (47yo)

    Vice-President

    • Tenure: 3.3yrs
  • Jaroslav Meshalkin

    Head of Public Relations

    • Tenure: 0yrs
  • Ludmila Kostikova (48yo)

    Head of the Internal Audit Service

    • Tenure: 0yrs
  • Avet Mirakyan (45yo)

    CEO, General Director & Director

    • Tenure: 0yrs
  • Denis Sivachyov

    CEO of JSC NPF SAFMAR

    • Tenure: 1.6yrs

Board Members

  • Mikhail Gutseriev (61yo)

    Non-Executive Director

    • Tenure: 1.8yrs
  • Oleg Viyugin (67yo)

    Chairman of the Board

    • Tenure: 0yrs
  • Marina Konkova (64yo)

    Deputy Financial Director & Member of the Audit Commission

    • Tenure: 0yrs
  • Oleg Andriyankin (38yo)

    CFO & Director

    • Tenure: 1.9yrs
  • Alexander Myakenky (72yo)

    Independent Director

    • Tenure: 4.8yrs
  • Alla Gryaznova (82yo)

    Independent Director

    • Tenure: 4.8yrs
  • Sergey Nazarov (46yo)

    Independent Director

    • Tenure: 3.3yrs
  • Avet Mirakyan (45yo)

    CEO, General Director & Director

    • Tenure: 0yrs
  • Ilya Mikhailichenko (46yo)

    Non-Executive Director

    • Tenure: 2.2yrs
  • Bilan Uzhakhov (32yo)

    Non-Executive Director

    • Tenure: 2.3yrs

Company Information

Public Joint Stock Company "SAFMAR Financial investments"'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Public Joint Stock Company "SAFMAR Financial investments"
  • Ticker: SFIN
  • Exchange: MISX
  • Founded: 1999
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: ₽44.079b
  • Shares outstanding: 95.24m
  • Website: https://www.safmarinvest.ru

Number of Employees


Location

  • Public Joint Stock Company "SAFMAR Financial investments"
  • 5, Building 1
  • Koroviy val street
  • Moscow
  • 119049
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SFINMISX (Micex - Rts)YesCommon SharesRURUBDec 2015

Biography

Public Joint Stock Company 'SAFMAR Financial investments', an investment holding company, primarily operates as a leasing company in Russia. The company leases passenger cars to small and medium enterprise ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 21:16
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.