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QIWI

QIWIMISX:QIWI Stock Report

Market Cap

US$39.4b

7D

0.9%

1Y

-43.1%

Updated

30 Nov, 2021

Data

Company Financials +
QIWI fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance5/6
Financial Health4/6
Dividends4/6

QIWI Stock Overview

Qiwi plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russia, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates, and internationally.

QIWI Competitors

Apple

NasdaqGS:AAPL

US$2.6t

Alphabet

NasdaqGS:GOOG.L

US$1.9t

Samsung Electronics

KOSE:A005930

₩478.2t

Alibaba Group Holding

NYSE:BABA

US$356.8b

Price History & Performance

Summary of all time highs, changes and price drops for QIWI
Historical stock prices
Current Share PriceUS$635.50
52 Week HighUS$1,122.50
52 Week LowUS$567.50
Beta0.70
1 Month Change1.93%
3 Month Change-7.77%
1 Year Change-43.13%
3 Year Change-36.45%
5 Year Change-21.15%
Change since IPO-53.10%

Recent News & Updates

Shareholder Returns

QIWIRU ITRU Market
7D0.9%-0.9%-1.5%
1Y-43.1%22.7%30.5%

Return vs Industry: QIWI underperformed the Russian IT industry which returned 19% over the past year.

Return vs Market: QIWI underperformed the Russian Market which returned 27.7% over the past year.

Price Volatility

Is QIWI's price volatile compared to industry and market?
QIWI volatility
QIWI Average Weekly Movement3.7%
IT Industry Average Movement5.2%
Market Average Movement4.8%
10% most volatile stocks in RU Market11.4%
10% least volatile stocks in RU Market2.3%

Stable Share Price: QIWI is not significantly more volatile than the rest of Russian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: QIWI's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20072,865Andrey Protopopovhttps://www.qiwi.com

Qiwi plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russia, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates, and internationally. It operates through Payment Services, Consumer Financial Services, and Rocketbank segments. The company offers payment services across online, mobile, and physical channels through a network of approximately 94,000 kiosks and 19,000 terminals that run its proprietary software.

QIWI Fundamentals Summary

How do QIWI's earnings and revenue compare to its market cap?
QIWI fundamental statistics
Market Cap₽39.36b
Earnings (TTM)₽15.77b
Revenue (TTM)₽42.75b

2.5x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
QIWI income statement (TTM)
Revenue₽42.75b
Cost of Revenue₽25.29b
Gross Profit₽17.46b
Expenses₽1.69b
Earnings₽15.77b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)252.65
Gross Margin40.84%
Net Profit Margin36.89%
Debt/Equity Ratio14.4%

How did QIWI perform over the long term?

See historical performance and comparison

Dividends

12.4%

Current Dividend Yield

33%

Payout Ratio

Does QIWI pay a reliable dividends?

See QIWI dividend history and benchmarks
When do you need to buy QIWI by to receive an upcoming dividend?
QIWI dividend dates
Ex Dividend DateDec 03 2021
Dividend Pay DateDec 14 2021
Days until Ex dividend2 days
Days until Dividend pay date13 days

Does QIWI pay a reliable dividends?

See QIWI dividend history and benchmarks

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: QIWI (RUB627) is trading below our estimate of fair value (RUB1550.81)

Significantly Below Fair Value: QIWI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: QIWI is good value based on its PE Ratio (2.5x) compared to the European IT industry average (25.4x).

PE vs Market: QIWI is good value based on its PE Ratio (2.5x) compared to the Russian market (8.4x).


Price to Earnings Growth Ratio

PEG Ratio: QIWI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: QIWI is good value based on its PB Ratio (0.9x) compared to the XE IT industry average (3.6x).


Future Growth

How is QIWI forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

-3.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: QIWI's earnings are forecast to decline over the next 3 years (-3.8% per year).

Earnings vs Market: QIWI's earnings are forecast to decline over the next 3 years (-3.8% per year).

High Growth Earnings: QIWI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: QIWI's revenue is expected to decline over the next 3 years (-1.2% per year).

High Growth Revenue: QIWI's revenue is forecast to decline over the next 3 years (-1.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: QIWI's Return on Equity is forecast to be low in 3 years time (16.7%).


Past Performance

How has QIWI performed over the past 5 years?

34.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: QIWI has a large one-off gain of RUB6.2B impacting its September 30 2021 financial results.

Growing Profit Margin: QIWI's current net profit margins (36.9%) are higher than last year (14.6%).


Past Earnings Growth Analysis

Earnings Trend: QIWI's earnings have grown significantly by 34% per year over the past 5 years.

Accelerating Growth: QIWI's earnings growth over the past year (152.6%) exceeds its 5-year average (34% per year).

Earnings vs Industry: QIWI earnings growth over the past year (152.6%) exceeded the IT industry 25.5%.


Return on Equity

High ROE: QIWI's Return on Equity (38.5%) is considered high.


Financial Health

How is QIWI's financial position?


Financial Position Analysis

Short Term Liabilities: QIWI's short term assets (RUB64.4B) exceed its short term liabilities (RUB29.7B).

Long Term Liabilities: QIWI's short term assets (RUB64.4B) exceed its long term liabilities (RUB7.5B).


Debt to Equity History and Analysis

Debt Level: QIWI has more cash than its total debt.

Reducing Debt: QIWI's debt to equity ratio has increased from 0.06% to 14.4% over the past 5 years.

Debt Coverage: QIWI's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: QIWI's interest payments on its debt are well covered by EBIT (361.1x coverage).


Balance Sheet


Dividend

What is QIWI current dividend yield, its reliability and sustainability?

12.37%

Current Dividend Yield


Upcoming Dividend Payment

TodayNov 30 2021Ex Dividend DateDec 03 2021Dividend Pay DateDec 14 202111 days from Ex DividendBuy in the next 2 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: QIWI's dividend (12.52%) is higher than the bottom 25% of dividend payers in the Russian market (2.98%).

High Dividend: QIWI's dividend (12.52%) is in the top 25% of dividend payers in the Russian market (8.11%)


Stability and Growth of Payments

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

Growing Dividend: QIWI's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32.7%), QIWI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: QIWI's dividends in 3 years are forecast to be covered by earnings (51.3% payout ratio).


Next Steps

Management

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

1.4yrs

Average management tenure


CEO

Andrey Protopopov (39 yo)

0.42

Tenure

Mr. Andrey Protopopov serves as Chief Executive Officer and Director at QIWI plc since June 02, 2021 and served as its Chief Executive Officer of Payment Services from August 2019 to June 02, 2021. Mr. Pro...


Leadership Team

Experienced Management: QIWI's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: QIWI's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


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

QIWI plc's employee growth, exchange listings and data sources


Key Information

  • Name: QIWI plc
  • Ticker: QIWI
  • Exchange: MISX
  • Founded: 2007
  • Industry: Data Processing and Outsourced Services
  • Sector: Software
  • Market Cap: US$530.038m
  • Listing Market Cap: US$39.364b
  • Shares outstanding: 62.43m
  • Website: https://www.qiwi.com

Number of Employees


Location

  • QIWI plc
  • Kennedy Business Centre
  • 2nd floor
  • Nicosia
  • 1087
  • Cyprus

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/30 18:04
End of Day Share Price2021/11/30 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.