QIWI

QIWINasdaqGS:QIWI Stock Report

Market Cap

US$510.1m

7D

-2.9%

1Y

-50.8%

Updated

18 Sep, 2021

Data

Company Financials +
QIWI fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends4/6

QIWI 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

Price History & Performance

Summary of all time highs, changes and price drops for QIWI
Historical stock prices
Current Share PriceUS$8.17
52 Week HighUS$8.15
52 Week LowUS$17.60
Beta0.68
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

Sep 10

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.

Aug 21

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.

Shareholder Returns

QIWIUS ITUS Market
7D-2.9%-0.9%-0.6%
1Y-50.8%25.7%33.8%

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.

Price Volatility

Is QIWI's price volatile compared to industry and market?
QIWI volatility
QIWI Beta0.68
Industry Beta1.18
Market Beta1

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

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₽37.14b
Earnings (TTM)₽10.25b
Revenue (TTM)₽41.84b

3.6x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
QIWI income statement (TTM)
Revenue₽41.84b
Cost of Revenue₽24.54b
Gross Profit₽17.30b
Expenses₽7.06b
Earnings₽10.25b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)164.18
Gross Margin41.35%
Net Profit Margin24.49%
Debt/Equity Ratio21.3%

How did QIWI perform over the long term?

See historical performance and comparison

Dividends

13.5%

Current Dividend Yield

53%

Payout Ratio

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 ($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).


Future Growth

How is QIWI forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

-2.1%

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%).


Past Performance

How has QIWI performed over the past 5 years?

28.5%

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.


Financial Health

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).


Balance Sheet


Dividend

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

13.53%

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).


Next Steps

Management

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

1.7yrs

Average management tenure


CEO

Andrey Protopopov (39 yo)

0.25

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 ( 1.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: QIWI's board of directors are not considered experienced ( 2.3 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: 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


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 Analysis2021/09/18 22:11
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
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.