OTCPK:SBRC.Y

Stock Analysis Report

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Executive Summary

Sberbank of Russia provides corporate and retail banking products and services to individuals, small businesses, corporate clients, and financial institutions. More Details


Snowflake Analysis

Established dividend payer and good value.


Similar Companies

Share Price & News

How has Sberbank of Russia's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SBRC.Y has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.9%

SBRC.Y

-7.1%

US Banks

-2.4%

US Market


1 Year Return

-18.3%

SBRC.Y

-31.9%

US Banks

12.0%

US Market

Return vs Industry: SBRC.Y exceeded the US Banks industry which returned -31.9% over the past year.

Return vs Market: SBRC.Y underperformed the US Market which returned 12% over the past year.


Shareholder returns

SBRC.YIndustryMarket
7 Day-3.9%-7.1%-2.4%
30 Day-3.7%-8.4%-6.5%
90 Day0.1%-3.4%8.4%
1 Year-18.3%-18.3%-29.5%-31.9%14.5%12.0%
3 Year-10.1%-18.7%-23.2%-29.5%34.8%25.8%
5 Year182.0%144.7%13.8%-0.1%82.1%61.6%

Price Volatility Vs. Market

How volatile is Sberbank of Russia's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Sberbank of Russia undervalued compared to its fair value and its price relative to the market?

18.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SBRC.Y ($11.6) is trading below our estimate of fair value ($14.21)

Significantly Below Fair Value: SBRC.Y is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: SBRC.Y is good value based on its PE Ratio (6.7x) compared to the US Banks industry average (9.3x).

PE vs Market: SBRC.Y is good value based on its PE Ratio (6.7x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

PEG Ratio: SBRC.Y is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: SBRC.Y is overvalued based on its PB Ratio (1x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

How is Sberbank of Russia forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

13.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SBRC.Y's forecast earnings growth (13.7% per year) is above the savings rate (2.2%).

Earnings vs Market: SBRC.Y's earnings (13.7% per year) are forecast to grow slower than the US market (22.9% per year).

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

Revenue vs Market: SBRC.Y's revenue (6.7% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: SBRC.Y's revenue (6.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SBRC.Y's Return on Equity is forecast to be low in 3 years time (17%).


Next Steps

Past Performance

How has Sberbank of Russia performed over the past 5 years?

22.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SBRC.Y has a high level of non-cash earnings.

Growing Profit Margin: SBRC.Y's current net profit margins (41.6%) are lower than last year (46.8%).


Past Earnings Growth Analysis

Earnings Trend: SBRC.Y's earnings have grown significantly by 22.2% per year over the past 5 years.

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

Earnings vs Industry: SBRC.Y had negative earnings growth (-14.7%) over the past year, making it difficult to compare to the Banks industry average (-3%).


Return on Equity

High ROE: SBRC.Y's Return on Equity (15.1%) is considered low.


Next Steps

Financial Health

How is Sberbank of Russia'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


Financial Institutions Analysis

Asset Level: SBRC.Y's Assets to Equity ratio (6.7x) is low.

Allowance for Bad Loans: SBRC.Y has a low allowance for bad loans (97%).

Low Risk Liabilities: 82% of SBRC.Y's liabilities are made up of primarily low risk sources of funding.

Loan Level: SBRC.Y has an appropriate level of Loans to Assets ratio (66%).

Low Risk Deposits: SBRC.Y's Loans to Deposits ratio (95%) is appropriate.

Level of Bad Loans: SBRC.Y has a high level of bad loans (7.5%).


Next Steps

Dividend

What is Sberbank of Russia current dividend yield, its reliability and sustainability?

8.22%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SBRC.Y's dividend (8.22%) is higher than the bottom 25% of dividend payers in the US market (1.75%).

High Dividend: SBRC.Y's dividend (8.22%) is in the top 25% of dividend payers in the US market (4.99%)


Stability and Growth of Payments

Stable Dividend: SBRC.Y's dividend payments have been volatile in the past 10 years.

Growing Dividend: SBRC.Y's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (55.1%), SBRC.Y's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SBRC.Y's dividends in 3 years are forecast to be covered by earnings (52.1% payout ratio).


Next Steps

Management

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

2.3yrs

Average management tenure


CEO

Herman Gref (56 yo)

12.83yrs

Tenure

Mr. Herman Oskarovich Gref has been the Chief Executive Officer and Chairman of the Executive Board of PAO Sberbank of Russia since 2007 and has been its Member of Supervisory Board since June 2005. Mr. Gr ...


Leadership Team

NamePositionTenureCompensationOwnership
Herman Gref
Chairman of the Executive Board12.83yrsno data0.0044%
RUB 2.8m
Bella Zlatkis
Deputy Chairman of Executive Board & Supervisory Board Member2.25yrsno data0.00050%
RUB 319.8k
Stanislav Kuznetsov
Deputy Chairman of the Executive Board9.92yrsno data0.0013%
RUB 844.2k
Anatoly Popov
Deputy Chairman of Executive Board2.25yrsno data0.00055%
RUB 351.7k
Oleg Ganeev
Deputy Chairman of the Executive Boardno datano data0.00053%
RUB 338.9k
Alexander Vedyakhin
First Deputy Chairman of Executive Board2.25yrsno data0.000030%
RUB 19.2k
Khasis Aronovich
First Deputy Chairman of the Executive Board & COO7.17yrsno datano data
Svetlana Kirsanova
Deputy Chairwoman of Executive Board & Head of Retail Unit1.75yrsno datano data
Olga Yuryevna
Deputy Chair of Executive Board0.58yrno datano data
Alexandra Buriko
CFO & Head of Finance0.17yrno datano data
Alexey Minenko
Senior MD & Deputy Chief Accountantno datano datano data
David Rafalovsky
Senior VP2.08yrsno datano data

2.3yrs

Average Tenure

51yo

Average Age

Experienced Management: SBRC.Y's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Herman Gref
Chairman of the Executive Board12.83yrsno data0.0044%
RUB 2.8m
Bella Zlatkis
Deputy Chairman of Executive Board & Supervisory Board Member2.25yrsno data0.00050%
RUB 319.8k
Nadezhda Ivanova
Supervisory Board Member18.25yrsno datano data
Sergei Ignatiev
Chairman of Supervisory Board18.25yrsno datano data
Gennady Melikyan
Independent Deputy Chairman of Supervisory Board1.33yrsno data0.00018%
RUB 115.1k
Sergey Shvetsov
Deputy Chairman of the Supervisory Board2.25yrsno datano data
Olga Skorobogatova
Supervisory Board Member3.33yrsno datano data
Leonid Boguslavsky
Independent Supervisory Board Member3.33yrsno datano data
Maksim Oreshkin
Supervisory Board Member3.33yrsno datano data
Valery Goreglyad
Supervisory Board Member2.25yrsno datano data
Esko Aho
Independent Supervisory Board Member4.33yrsno datano data
Nadya Wells
Independent Supervisory Board Member6.25yrsno datano data

3.3yrs

Average Tenure

64yo

Average Age

Experienced Board: SBRC.Y's board of directors are considered experienced (3.3 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

Sberbank of Russia's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sberbank of Russia
  • Ticker: SBRC.Y
  • Exchange: OTCPK
  • Founded: 1841
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ₽4.890t
  • Listing Market Cap: ₽63.951b
  • Shares outstanding: 21.49b
  • Website: https://www.sberbank.ru

Number of Employees


Location

  • Sberbank of Russia
  • 19 Vavilova Street
  • Moscow
  • Moskovskaya obl.
  • 117997
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AKSJ.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1997
SBERMISX (Micex - Rts)YesOrdinary SharesRURUBJan 1997
RU_SBERKAS (Kazakhstan Stock Exchange)YesOrdinary SharesKZKZTJan 1997
SBERPMISX (Micex - Rts)RUB3 PREF(USD)RURUBJan 1997
SBRC.YOTCPK (Pink Sheets LLC)SPON ADR EACH REPR 4 ORD SHSUSUSDApr 2004
SBNCDB (Deutsche Boerse AG)SPON ADR EACH REPR 4 ORD SHSDEEURApr 2004
SBNCXTRA (XETRA Trading Platform)SPON ADR EACH REPR 4 ORD SHSDEEURApr 2004
SBERLSE (London Stock Exchange)SPON ADR EACH REPR 4 ORD SHSGBUSDApr 2004
SBERLBATS-CHIXE (BATS 'Chi-X Europe')SPON ADR EACH REPR 4 ORD SHSGBUSDApr 2004
SBERWBAG (Wiener Boerse AG)SPON ADR EACH REPR 4 ORD SHSATEURApr 2004

Biography

Sberbank of Russia provides corporate and retail banking products and services to individuals, small businesses, corporate clients, and financial institutions. The company offers consumer, education, and c ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/26 05:54
End of Day Share Price2020/09/25 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.