OTCPK:JSFC.F

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Executive Summary

Sistema Public Joint Stock Financial Corporation, together with its subsidiaries, operates in the telecommunications, retail, high technology, finance, pulp and paper, utilities, pharmaceuticals, healthcare, agriculture, real estate, and tourism businesses in Russia and internationally. More Details

Rewards

Trading at 88.1% below our estimate of its fair value

Earnings are forecast to grow 36.01% per year

Risk Analysis

No risks detected for JSFC.F from our risk checks.


Snowflake Analysis

Reasonable growth potential and slightly overvalued.


Similar Companies

Share Price & News

How has Sistema Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

JSFC.F

-4.5%

US Wireless Telecom

-3.1%

US Market


1 Year Return

36.4%

JSFC.F

29.0%

US Wireless Telecom

12.7%

US Market

Return vs Industry: JSFC.F exceeded the US Wireless Telecom industry which returned 29% over the past year.

Return vs Market: JSFC.F exceeded the US Market which returned 12.7% over the past year.


Shareholder returns

JSFC.FIndustryMarket
7 Day0%-4.5%-3.1%
30 Day0%-4.4%-2.9%
90 Dayn/a1.3%8.2%
1 Year37.4%36.4%29.6%29.0%15.3%12.7%
3 Yearn/a50.3%46.8%37.8%28.5%
5 Yearn/a124.2%113.8%90.9%69.4%

Price Volatility Vs. Market

How volatile is Sistema Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Sistema Financial 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: JSFC.F ($5.25) is trading below our estimate of fair value ($44.16)

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


Price To Earnings Ratio

PE vs Industry: JSFC.F is unprofitable, so we can't compare its PE Ratio to the US Wireless Telecom industry average.

PE vs Market: JSFC.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate JSFC.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: JSFC.F is overvalued based on its PB Ratio (5.4x) compared to the US Wireless Telecom industry average (2.5x).


Next Steps

Future Growth

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

36.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JSFC.F is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: JSFC.F is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: JSFC.F's is expected to become profitable in the next 3 years.

Revenue vs Market: JSFC.F's revenue (3.2% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: JSFC.F's revenue (3.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: JSFC.F's Return on Equity is forecast to be very high in 3 years time (118.6%).


Next Steps

Past Performance

How has Sistema Financial performed over the past 5 years?

-14.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JSFC.F is currently unprofitable.

Growing Profit Margin: JSFC.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: JSFC.F is unprofitable, and losses have increased over the past 5 years at a rate of 14.4% per year.

Accelerating Growth: Unable to compare JSFC.F's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: JSFC.F is unprofitable, making it difficult to compare its past year earnings growth to the Wireless Telecom industry (14.3%).


Return on Equity

High ROE: JSFC.F has a negative Return on Equity (-28.47%), as it is currently unprofitable.


Next Steps

Financial Health

How is Sistema Financial's financial position?


Financial Position Analysis

Short Term Liabilities: JSFC.F's short term assets (RUB385.0B) do not cover its short term liabilities (RUB486.9B).

Long Term Liabilities: JSFC.F's short term assets (RUB385.0B) do not cover its long term liabilities (RUB819.3B).


Debt to Equity History and Analysis

Debt Level: JSFC.F's debt to equity ratio (1226.6%) is considered high.

Reducing Debt: JSFC.F's debt to equity ratio has increased from 190.8% to 1226.6% over the past 5 years.


Balance Sheet


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.

Stable Cash Runway: Whilst unprofitable JSFC.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: JSFC.F is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 57.4% per year.


Next Steps

Dividend

What is Sistema Financial current dividend yield, its reliability and sustainability?

0.64%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: JSFC.F's dividend (0.64%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.71%).

High Dividend: JSFC.F's dividend (0.64%) is low compared to the top 25% of dividend payers in the US market (4.88%).


Stability and Growth of Payments

Stable Dividend: JSFC.F is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: JSFC.F is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: JSFC.F is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of JSFC.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

2.5yrs

Average management tenure


CEO

Vladimir Chirakhov (46 yo)

0.42

Tenure

Mr. Vladimir Sanasarovich Chirakhov serves as President, Chief Executive Officer and Chairman of the Management Board at Sistema Public Joint Stock Financial Corporation since April 20, 2020 and serves as ...


Leadership Team

NamePositionTenureCompensationOwnership
Vladimir Evtushenkov
Founder & Chairman14.58yrsno data60.93%
RUB 1.5b
Vladimir Chirakhov
President0.42yrno datano data
Leonid Monosov
Managing Partner & Member of Management Board0.67yrno datano data
Ali Uzdenov
Managing Partner & Member of Management Board2.5yrsno data0.15%
RUB 3.7m
Vsevolod Rozanov
Managing Partner & Member of Management Board2.5yrsno data0.18%
RUB 4.5m
Oleg Mubarakshin
Managing Partner & Member of Management Board2.5yrsno data0.42%
RUB 10.6m
Artyom Sirazutdinov
Managing Partner & Member of Management Board2.5yrsno data0.0053%
RUB 132.0k
Alexey Katkov
Managing Partner & Member of Management Board2.42yrsno data0.058%
RUB 1.4m
Vladimir Travkov
CFO, VP for Finance & Member of Management Board2.42yrsno data0.0075%
RUB 188.9k
Shishkin Anatolyevich
VP for Corporate Governance & Legal Affairs4.75yrsno data0.059%
RUB 1.5m
Artem Zassoursky
Vice President for Strategy & Development and Member of Management Board4.33yrsno data0.020%
RUB 515.0k
Igor Alyoshin
VP for Security & Member of Management Board2.42yrsno data0.0036%
RUB 90.5k

2.5yrs

Average Tenure

50yo

Average Age

Experienced Management: JSFC.F's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Vladimir Evtushenkov
Founder & Chairman14.58yrsno data60.93%
RUB 1.5b
Vladimir Chirakhov
President0.42yrno datano data
Ron Sommer
Non-Executive Director3.25yrsno data0.0027%
RUB 66.6k
Anatoly Chubais
Independent Director0.25yrno datano data
Mikhail Shamolin
Non-Executive Directorno datano data0.32%
RUB 7.9m
Anna Belova
Independent Deputy Chairman1.25yrsno data0.0077%
RUB 194.1k
Evtushenkov Vladimirovich
Non-Executive Director5.08yrsno data5.34%
RUB 134.3m
Andrey Dubovskov
Deputy Chairman of the Board of Directors0.42yrno data0.070%
RUB 1.8m
Robert Kocharyan
Independent Director11.25yrsno data0.031%
RUB 791.9k
Etienne Schneider
Independent Director0.25yrno datano data
Roger Munnings
Independent Director10.25yrsno data0.031%
RUB 768.5k
David Iakobachvili
Independent Director9.67yrsno data0.035%
RUB 892.7k

3.3yrs

Average Tenure

61yo

Average Age

Experienced Board: JSFC.F'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

Sistema Public Joint Stock Financial Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sistema Public Joint Stock Financial Corporation
  • Ticker: JSFC.F
  • Exchange: OTCPK
  • Founded: 1993
  • Industry: Wireless Telecommunication Services
  • Sector: Telecom
  • Market Cap: ₽191.465b
  • Listing Market Cap: ₽2.515b
  • Shares outstanding: 9.38b
  • Website: https://www.sistema.com

Location

  • Sistema Public Joint Stock Financial Corporation
  • Building 1
  • 13 Mokhovaya Street
  • Moscow
  • 125009
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JSFC.FOTCPK (Pink Sheets LLC)GDR (EACH REPR 20 ORD RUB0.09)(REGS)USUSDFeb 2005
SSALSE (London Stock Exchange)GDR (EACH REPR 20 ORD RUB0.09)(REGS)GBUSDFeb 2005
KO71DB (Deutsche Boerse AG)GDR (EACH REPR 20 ORD RUB0.09)(REGS)DEEURFeb 2005
SSALBATS-CHIXE (BATS 'Chi-X Europe')GDR (EACH REPR 20 ORD RUB0.09)(REGS)GBUSDFeb 2005
SSAWBAG (Wiener Boerse AG)GDR (EACH REPR 20 ORD RUB0.09)(REGS)ATEURFeb 2005
SSAALSE (London Stock Exchange)GDR EACH REPR 20 RUB0.09 '144A'GBUSDFeb 2005
AFKSMISX (Micex - Rts)YesCommon SharesRURUBSep 2005

Biography

Sistema Public Joint Stock Financial Corporation, together with its subsidiaries, operates in the telecommunications, retail, high technology, finance, pulp and paper, utilities, pharmaceuticals, healthcar ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/23 05:48
End of Day Share Price2020/07/20 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.