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RBC

MISX:RBCM
Snowflake Description

Overvalued with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RBCM
MISX
RUB1B
Market Cap
  1. Home
  2. RU
  3. Media
Company description

RBC Public Joint Stock Company, together with its subsidiaries, operates in the Internet, television, and print media businesses in Russia and internationally. The last earnings update was 73 days ago. More info.


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RBCM Share Price and Events
7 Day Returns
-0.1%
MISX:RBCM
2.4%
Europe Media
-0.8%
RU Market
1 Year Returns
-16.3%
MISX:RBCM
0.6%
Europe Media
7.6%
RU Market
RBCM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
RBC (RBCM) -0.1% -0.6% -4.3% -16.3% -30.8% -1.8%
Europe Media 2.4% 2.1% 6.6% 0.6% -14.1% -5.8%
RU Market -0.8% 2.6% 4.3% 7.6% 30.5% 93.5%
1 Year Return vs Industry and Market
  • RBCM underperformed the Media industry which returned 0.6% over the past year.
  • RBCM underperformed the Market in Russian Federation which returned 7.6% over the past year.
Price Volatility
RBCM
Industry
5yr Volatility vs Market
Related Companies

RBCM Value

 Is RBC undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of RBC to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for RBC.

MISX:RBCM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 27.3%
Perpetual Growth Rate 10-Year RU Government Bond Rate 8.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for MISX:RBCM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year RU Govt Bond Rate 8.4%
Equity Risk Premium S&P Global 9.4%
Media Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.812 (1 + (1- 20%) (1192.6%))
6.063
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.44% + (2 * 9.43%)
27.3%

Discounted Cash Flow Calculation for MISX:RBCM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for RBC is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

MISX:RBCM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (RUB, Millions) Source Present Value
Discounted (@ 27.3%)
2019 156.53 Est @ 82.89% 122.97
2020 251.32 Est @ 60.55% 155.09
2021 364.21 Est @ 44.92% 176.55
2022 487.96 Est @ 33.98% 185.81
2023 616.37 Est @ 26.31% 184.37
2024 745.51 Est @ 20.95% 175.18
2025 873.73 Est @ 17.2% 161.28
2026 1,001.04 Est @ 14.57% 145.15
2027 1,128.49 Est @ 12.73% 128.54
2028 1,257.64 Est @ 11.44% 112.53
Present value of next 10 years cash flows RUB1,547.47
MISX:RBCM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= RUB1,257.64 × (1 + 8.44%) ÷ (27.3% – 8.44%)
RUB7,231.08
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= RUB7,231.08 ÷ (1 + 27.3%)10
RUB647.02
MISX:RBCM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= RUB1,547.47 + RUB647.02
RUB2,194.49
Equity Value per Share
(RUB)
= Total value / Shares Outstanding
= RUB2,194.49 / 350.65
RUB6.26
MISX:RBCM Discount to Share Price
Calculation Result
Value per share (RUB) From above. RUB6.26
Current discount Discount to share price of RUB3.85
= -1 x (RUB3.85 - RUB6.26) / RUB6.26
38.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price RBC is available for.
Intrinsic value
39%
Share price is RUB3.85 vs Future cash flow value of RUB6.26
Current Discount Checks
For RBC to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • RBC's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • RBC's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for RBC's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are RBC's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MISX:RBCM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in RUB RUB-3.51
MISX:RBCM Share Price ** MISX (2019-04-18) in RUB RUB3.85
Europe Media Industry PE Ratio Median Figure of 114 Publicly-Listed Media Companies 15.74x
Russian Federation Market PE Ratio Median Figure of 130 Publicly-Listed Companies 7.39x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of RBC.

MISX:RBCM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= MISX:RBCM Share Price ÷ EPS (both in RUB)

= 3.85 ÷ -3.51

-1.1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • RBC is loss making, we can't compare its value to the Europe Media industry average.
  • RBC is loss making, we can't compare the value of its earnings to the Russian Federation market.
Price based on expected Growth
Does RBC's expected growth come at a high price?
Raw Data
MISX:RBCM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Media Industry PEG Ratio Median Figure of 65 Publicly-Listed Media Companies 1.65x
Russian Federation Market PEG Ratio Median Figure of 33 Publicly-Listed Companies 0.51x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for RBC, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on RBC's assets?
Raw Data
MISX:RBCM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in RUB RUB-42.78
MISX:RBCM Share Price * MISX (2019-04-18) in RUB RUB3.85
Europe Media Industry PB Ratio Median Figure of 166 Publicly-Listed Media Companies 1.45x
Russian Federation Market PB Ratio Median Figure of 150 Publicly-Listed Companies 0.83x
MISX:RBCM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= MISX:RBCM Share Price ÷ Book Value per Share (both in RUB)

= 3.85 ÷ -42.78

-0.09x

* Primary Listing of RBC.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • RBC has negative assets, we can't compare the value of its assets to the Europe Media industry average.
X
Value checks
We assess RBC's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Media industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Media industry average (and greater than 0)? (1 check)
  5. RBC has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

RBCM Future Performance

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

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 RBC 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.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.2%
Expected Media industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is RBC expected to grow at an attractive rate?
  • Unable to compare RBC's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare RBC's earnings growth to the Russian Federation market average as no estimate data is available.
  • Unable to compare RBC's revenue growth to the Russian Federation market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
MISX:RBCM Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Media Industry Earnings Growth Rate Market Cap Weighted Average 12.2%
Europe Media Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
Russian Federation Market Earnings Growth Rate Market Cap Weighted Average 3.8%
Russian Federation Market Revenue Growth Rate Market Cap Weighted Average 4.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
MISX:RBCM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in RUB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MISX:RBCM Past Financials Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income *
2018-06-30 6,030 393 -1,231
2018-03-31 5,978 390 -333
2017-12-31 5,926 386 566
2017-09-30 5,794 230 844
2017-06-30 5,661 83 949
2017-03-31 5,622 82 1,499
2016-12-31 5,582 81 2,049
2016-09-30 5,497 -101 -640
2016-06-30 5,412 -307 -3,361
2016-03-31 5,249 -488 -4,139
2015-12-31 5,086 -652 -4,917
2015-09-30 4,982 -458 -5,616

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if RBC is high growth as no earnings estimate data is available.
  • Unable to determine if RBC is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
MISX:RBCM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from RBC Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:RBCM Past Financials Data
Date (Data in RUB Millions) EPS *
2018-06-30 -3.51
2018-03-31 -0.95
2017-12-31 1.61
2017-09-30 2.41
2017-06-30 2.71
2017-03-31 4.27
2016-12-31 5.84
2016-09-30 -1.83
2016-06-30
2016-03-31
2015-12-31 -14.02
2015-09-30 -16.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if RBC will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. RBC's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Media companies here
  2. RBC's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess RBC's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
RBC has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

RBCM Past Performance

  How has RBC performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare RBC's growth in the last year to its industry (Media).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • RBC does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare RBC's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare RBC's 1-year growth to the Europe Media industry average as it is not currently profitable.
Earnings and Revenue History
RBC's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from RBC Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:RBCM Past Revenue, Cash Flow and Net Income Data
Date (Data in RUB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 6,030.00 -1,231.00 2,264.00
2018-03-31 5,978.00 -332.50 2,304.50
2017-12-31 5,926.00 566.00 2,345.00
2017-09-30 5,793.50 843.50 2,372.50
2017-06-30 5,661.00 949.00 2,400.00
2017-03-31 5,621.50 1,499.00 2,418.00
2016-12-31 5,582.00 2,049.00 2,436.00
2016-09-30 5,497.00 -640.00 2,394.00
2016-06-30 5,412.00 -3,361.00 2,374.00
2016-03-31 5,249.00 -4,139.00 2,331.50
2015-12-31 5,086.00 -4,917.00 2,269.00
2015-09-30 4,982.00 -5,616.00 2,216.50
2015-06-30 4,878.00 -6,315.00 2,192.00
2015-03-31 4,905.50 -6,610.00 2,301.50
2014-12-31 4,933.00 -6,905.00 2,382.00
2014-09-30 5,102.50 -4,191.00 2,750.50
2014-06-30 5,272.00 -1,477.00 3,119.00
2014-03-31 5,381.50 -1,483.00 3,116.50
2013-12-31 5,491.00 -1,489.00 3,114.00
2013-09-30 5,374.00 -813.50 2,557.00
2013-06-30 5,257.00 -138.00 2,000.00
2013-03-31 5,160.50 32.50 1,855.00
2012-12-31 5,064.00 203.00 1,710.00
2012-06-30 4,385.00 -707.00 1,648.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if RBC has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if RBC has efficiently used its assets last year compared to the Europe Media industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if RBC improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess RBC's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Media industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
RBC has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

RBCM Health

 How is RBC's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up RBC's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • RBC's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • RBC's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of RBC's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • RBC has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from RBC Company Filings, last reported 9 months ago.

MISX:RBCM Past Debt and Equity Data
Date (Data in RUB Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 -14,344.00 16,092.00 450.00
2018-03-31 -14,344.00 16,092.00 450.00
2017-12-31 -12,715.00 14,524.00 603.00
2017-09-30 -12,715.00 14,524.00 603.00
2017-06-30 -12,812.00 14,650.00 341.00
2017-03-31 -12,812.00 14,650.00 341.00
2016-12-31 -13,242.00 15,163.00 688.00
2016-09-30 -13,242.00 15,163.00 688.00
2016-06-30 -14,025.00 15,887.00 768.00
2016-03-31 -14,025.00 15,887.00 768.00
2015-12-31 -15,346.00 17,490.00 532.00
2015-09-30 -15,346.00 17,490.00 532.00
2015-06-30 -10,800.00 13,250.00 524.00
2015-03-31 -10,800.00 13,250.00 524.00
2014-12-31 -11,413.00 13,652.00 228.00
2014-09-30 -11,413.00 13,652.00 228.00
2014-06-30 -5,330.00 8,054.00 246.00
2014-03-31 -5,330.00 8,054.00 246.00
2013-12-31 -4,505.00 7,903.00 439.00
2013-09-30 -4,505.00 7,903.00 439.00
2013-06-30 -4,124.00 7,699.00 488.00
2013-03-31 -4,124.00 7,699.00 488.00
2012-12-31 -3,269.00 6,958.00 516.00
2012-06-30 -3,959.00 7,219.00 850.00
  • RBC has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if RBC's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Information is not available.
  • Unable to confirm if RBC has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess RBC's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. RBC has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

RBCM Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from RBC dividends.
If you bought RUB2,000 of RBC shares you are expected to receive RUB0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate RBC's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate RBC's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
MISX:RBCM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Media Industry Average Dividend Yield Market Cap Weighted Average of 87 Stocks 3.8%
Russian Federation Market Average Dividend Yield Market Cap Weighted Average of 75 Stocks 6.8%
Russian Federation Minimum Threshold Dividend Yield 10th Percentile 1.8%
Russian Federation Bottom 25% Dividend Yield 25th Percentile 3.2%
Russian Federation Top 25% Dividend Yield 75th Percentile 9.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as RBC has not reported any payouts.
  • Unable to verify if RBC's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of RBC's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as RBC has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess RBC's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can RBC afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. RBC has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

RBCM Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Nikolay Molibog
AGE 43
TENURE AS CEO 5.3 years
CEO Bio

Mr. Nikolay Molibog has been the Chief Executive Officer at OJSC RBC since January 1, 2014. Mr. Molibog served as the Chairman of Executive Board at OJSC RBC since January 1, 2014 and served as its Member of Executive Board. Mr. Molibog served as First Deputy Chief Executive Officer of OJSC RBC until January 1, 2014. He was manager of a regional network of Kommersant Publishing House CJSC in 2000-2003. In 2003-2004, he worked as Deputy Managing Director of broadsheet newspaper Gazeta. From 2004 he worked for Afisha where he advanced from a Director for distribution and regional development to Chief Executive Officer of Afisha publishing house. Since July 2010 and May 2013, Mr. Molibog served as Chief Executive Officer of united company Afisha-Rambler. He serves as a Director of OJSC RBC. Mr. Molibog graduated from the Faculty of Economics of Novosibirsk State Technical University.

CEO Compensation
  • Insufficient data for Nikolay to compare compensation growth.
  • Insufficient data for Nikolay to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure of the RBC management team in years:

5.3
Average Tenure
  • The average tenure for the RBC management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Nikolay Molibog

TITLE
CEO & Director
AGE
43
TENURE
5.3 yrs

Igor Selivanov

TITLE
Chief Financial Officer
TENURE
4.3 yrs

Alexander Kononenko

TITLE
Deputy CEO of Technology & CEO of Media Mir
TENURE
5.6 yrs

Maria Sorokina

TITLE
Head of External Communications Department

Ludmila Gurey

TITLE
Corporate Sales Director
TENURE
5.3 yrs

Andrey Sikorskiy

TITLE
Marketing Director
TENURE
4.8 yrs

Yulia Shulga

TITLE
Deputy Chief Executive Officer of Human Resource
TENURE
5.6 yrs

Boris Koltsov

TITLE
Head of U.S. News Bureau
TENURE
6.1 yrs

Ekaterina Kruglova

TITLE
First Deputy CEO
TENURE
5.3 yrs

Roman Badanin

TITLE
Editor-In-Chief of RBC.RU Business Portal
Board of Directors Tenure

Average tenure and age of the RBC board of directors in years:

4.8
Average Tenure
50
Average Age
  • The tenure for the RBC board of directors is about average.
Board of Directors

Dmirty Razumov

TITLE
Chairman of the Board

Nikolay Molibog

TITLE
CEO & Director
AGE
43
TENURE
4.8 yrs

Derk Sauer

TITLE
Deputy Chairman
AGE
66

Elena Myasnikova

TITLE
Vice President and Director
AGE
61
TENURE
6.3 yrs

Dmitry Usanov

TITLE
Director
AGE
40

Alexander Lyubimov

TITLE
Director
AGE
56
TENURE
4.8 yrs

Andrey Kononov

TITLE
Director
AGE
44
TENURE
4.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (RUB) Value (RUB)
X
Management checks
We assess RBC's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. RBC has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

RBCM News

Simply Wall St News

RBC Public Joint Stock Company (MCX:RBCM): A Look At Return On Capital

This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock. … Therefore, looking at how efficiently RBC is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE).

Simply Wall St -

One Thing To Consider Before Buying RBC Public Joint Stock Company (MCX:RBCM)

Generally, an investor should consider two types of risk that impact the market value of RBCM. … The first type is company-specific risk, which can be diversified away by investing in other companies to reduce exposure to one particular stock. … Every stock in the market is exposed to this risk, which arises from macroeconomic factors such as economic growth and geo-political tussles just to name a few.

Simply Wall St -

Should RBC Public Joint Stock Company's (MCX:RBCM) Recent Earnings Decline Worry You?

Today I will examine RBC Public Joint Stock Company's (MISX:RBCM) latest earnings update (31 December 2017) and compare these figures against its performance over the past couple of years, in addition to how the rest of RBCM's industry performed. … For the purpose of this commentary, I like to use data from the most recent 12 months, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … Since these values may be relatively short-term thinking, I have determined an annualized five-year value for RBCM's net income, which stands at -RUРУБ1.54B This means that while earnings growth was negative from the previous year, in the long run, RBC's earnings have been rising on average.

Simply Wall St -

Understanding Your Return On Investment In RBC Public Joint Stock Company (MCX:RBCM)

To understand RBC’s capital returns we will look at a useful metric called return on capital employed. … I have calculated RBC’s ROCE for you below: ROCE Calculation for RBCM Return on Capital Employed (ROCE) = Earnings Before Tax (EBT) ÷ (Capital Employed) Capital Employed = (Total Assets - Current Liabilities) ∴ ROCE = RUРУБ963.00M ÷ (RUРУБ3.63B - RUРУБ2.81B) = 117.58% The calculation above shows that RBCM’s earnings were 117.58% of capital employed. … Next Steps ROCE for RBCM investors has grown in the last few years and is above a benchmark that makes the company a potentially attractive stock that can achieve a solid return on investment.

Simply Wall St -

How Should You Think About RBC Public Joint Stock Company's (MCX:RBCM) Risks?

RBCM’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio. … An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive. … As a result, the company may be less volatile relative to broad market movements, compared to a company of similar size but higher proportion of fixed assets.

Simply Wall St -

Who Are RBC Public Joint Stock Company's (MCX:RBCM) Major Shareholders?

This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Private Company Ownership Potential investors in RBCM should also look at another important group of investors: private companies, with a stake of 75.28%, who are primarily invested because of strategic and capital gain interests. … Thus, investors should dig deeper into RBCM's business relations with these companies and how it can affect shareholder returns in the long-term.Next Steps: With a low level of institutional ownership, investors in RBCM need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

Simply Wall St -

RBCM Company Info

Description

RBC Public Joint Stock Company, together with its subsidiaries, operates in the Internet, television, and print media businesses in Russia and internationally. It owns Internet resources, including rbc.ru, a business news portal; lf.rbc.ru, a personal finance portal; sport.rbc.ru, a sport portal; realty.rbc.ru, a real estate portal; style.rbc.ru, a lifestyle portal; autonews.ru, an automobile news Website; and cnews.ru, a technology Website. The company also operates RBC channel, a business TV channel that covers economic and financial events featuring relevant commentary, interviews and analysis from experts, live stand-up reports, topical programs, reviews of industries, and materials from international news agencies; and publishes and sells RBC daily newspaper and RBC monthly business magazine. In addition, it conducts industry-focused business conferences on relevant topics; offers hosting and domain name registration services; and provides server rental and placement services, as well as SSL certificates and various additional services. Further, the company owns non-business online projects and services, such as Qip.ru, an entertainment portal; Smotri.com, a video hosting Website; and Loveplanet.ru, a dating Website. The company was founded in 1993 and is headquartered in Moscow, Russia. RBC Public Joint Stock Company is a subsidiary of AO Sotol Proekt.

Details
Name: RBC Public Joint Stock Company
RBCM
Exchange: MISX
Founded: 1993
RUB1,349,318,208
350,654,420
Website: http://www.rbcholding.com
Address: RBC Public Joint Stock Company
78/1, Profsoyuznaya Street,
Moscow,
117393,
Russia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
MISX RBCM Ordinary Shares Micex - Rts RU RUB 20. Jan 2011
Number of employees
Current staff
Staff numbers
0
RBC employees.
Industry
Broadcasting
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 21:45
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/02/04
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


All dates and times 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.