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.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$8.17|
|52 Week High||US$8.15|
|52 Week Low||US$17.60|
|1 Month Change||-10.12%|
|3 Month Change||-24.28%|
|1 Year Change||-50.81%|
|3 Year Change||-38.11%|
|5 Year Change||-48.36%|
|Change since IPO||-52.17%|
Recent News & Updates
Is QIWI Plc Stock A Buy Or Sell Now? Russian Payments Leader Faces Challenges
QIWI Plc has been pressured by regulatory changes in Russia including a sanction by the country's Central Bank. While QIWI remains profitable and distributes a large dividend, the outlook for declining growth has added to bearish sentiment. QIWI could be a potential turnaround opportunity but remains high-risk amid significant operating and financial uncertainties.
Russian FinTech QIWI Looking Attractive Despite Major Betting Headwinds
QIWI appears cheap once material hits to profitability are estimated. There is a high degree of uncertainty, but now may offer an attractive entry point for patient investors. Newsflow will likely remain weak for 12 months, but valuation suggests now may be an interesting entry point.
|QIWI||US IT||US Market|
Return vs Industry: QIWI underperformed the US IT industry which returned 25.7% over the past year.
Return vs Market: QIWI underperformed the US Market which returned 33.8% over the past year.
Stable Share Price: QIWI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: QIWI's weekly volatility (5%) has been stable over the past year.
About the Company
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
|QIWI fundamental statistics|
Is QIWI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|QIWI income statement (TTM)|
|Cost of Revenue||₽24.54b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||164.18|
|Net Profit Margin||24.49%|
How did QIWI perform over the long term?See historical performance and comparison
13.5%Current Dividend Yield
Is QIWI undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: QIWI ($8.17) is trading below our estimate of fair value ($21.36)
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 (3.6x) compared to the US IT industry average (34.4x).
PE vs Market: QIWI is good value based on its PE Ratio (3.6x) compared to the US market (17.8x).
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 (1.1x) compared to the US IT industry average (5.2x).
How is QIWI forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
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 (-2.1% per year).
Earnings vs Market: QIWI's earnings are forecast to decline over the next 3 years (-2.1% 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 (-2.5% per year).
High Growth Revenue: QIWI's revenue is forecast to decline over the next 3 years (-2.5% 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 (17.4%).
How has QIWI performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: QIWI has high quality earnings.
Growing Profit Margin: QIWI's current net profit margins (24.5%) are lower than last year (29.6%).
Past Earnings Growth Analysis
Earnings Trend: QIWI's earnings have grown significantly by 28.5% per year over the past 5 years.
Accelerating Growth: QIWI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: QIWI had negative earnings growth (-6.5%) over the past year, making it difficult to compare to the IT industry average (28%).
Return on Equity
High ROE: QIWI's Return on Equity (30.5%) is considered high.
How is QIWI's financial position?
Financial Position Analysis
Short Term Liabilities: QIWI's short term assets (RUB51.9B) exceed its short term liabilities (RUB27.3B).
Long Term Liabilities: QIWI's short term assets (RUB51.9B) exceed its long term liabilities (RUB7.1B).
Debt to Equity History and Analysis
Debt Level: QIWI's debt to equity ratio (21.3%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if QIWI's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: QIWI's debt is well covered by operating cash flow (70.5%).
Interest Coverage: QIWI's interest payments on its debt are well covered by EBIT (259.7x coverage).
What is QIWI current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: QIWI's dividend (13.53%) is higher than the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: QIWI's dividend (13.53%) is in the top 25% of dividend payers in the US market (3.6%)
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 reasonable payout ratio (53.2%), QIWI's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: QIWI's dividends in 3 years are forecast to be covered by earnings (52.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Andrey Protopopov (39 yo)
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...
Experienced Management: QIWI's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Experienced Board: QIWI's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
QIWI plc's employee growth, exchange listings and data sources
- Name: QIWI plc
- Ticker: QIWI
- Exchange: NasdaqGS
- Founded: 2007
- Industry: Data Processing and Outsourced Services
- Sector: Software
- Market Cap: US$510.060m
- Shares outstanding: 62.43m
- Website: https://www.qiwi.com
Number of Employees
- QIWI plc
- Kennedy Business Centre
- 2nd floor
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/18 22:11|
|End of Day Share Price||2021/09/17 00:00|
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.