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JPMorgan Russian Securities

BST:1JR
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1JR
BST
£212M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

JPMorgan Russian Securities plc is an equity mutual fund launched and managed by JPMorgan Funds Limited. The last earnings update was 70 days ago. More info.


Add to Portfolio Compare Print
  • JPMorgan Russian Securities is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • JPMorgan Russian Securities has significant price volatility in the past 3 months.
1JR Share Price and Events
7 Day Returns
14.7%
BST:1JR
12.4%
DE Capital Markets
7.3%
DE Market
1 Year Returns
-18.1%
BST:1JR
-8.8%
DE Capital Markets
-17.7%
DE Market
1JR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
JPMorgan Russian Securities (1JR) 14.7% -29.9% -40% -18.1% - -
DE Capital Markets 12.4% -22.2% -16.8% -8.8% -29.1% -56.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • 1JR underperformed the Capital Markets industry which returned -8.8% over the past year.
  • 1JR matched the Germany Market (-17.7%) over the past year.
Price Volatility
1JR
Industry
5yr Volatility vs Market

Value

 Is JPMorgan Russian Securities undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of JPMorgan Russian Securities to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for JPMorgan Russian Securities.

BST:1JR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= £5.81 * 17.7%
£1.03
Book Value of Equity per Share Median Book Value from the past 5 years. £5.81
Discount Rate (Cost of Equity) See below 4.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:1JR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.751 (1 + (1- 19%) (0%))
0.833
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.833 * 6.07%)
4.67%

Discounted Cash Flow Calculation for BST:1JR using Excess Returns Model Model

The calculations below outline how an intrinsic value for JPMorgan Russian Securities is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

BST:1JR Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (17.7% – 4.67%) * £5.81)
£0.76
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.76 / (4.67% - -0.39%)
£14.94
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £5.81 + £14.94
£20.76
BST:1JR Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:1JR represents 1.09287x of LSE:JRS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.09287x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 20.76 x 1.09287
€22.69
Value per share (EUR) From above. €22.69
Current discount Discount to share price of €5.06
= -1 x (€5.06 - €22.69) / €22.69
77.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price JPMorgan Russian Securities is available for.
Intrinsic value
>50%
Share price is €5.06 vs Future cash flow value of €22.69
Current Discount Checks
For JPMorgan Russian Securities to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • JPMorgan Russian Securities's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • JPMorgan Russian Securities's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for JPMorgan Russian Securities's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are JPMorgan Russian Securities's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:1JR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-10-31) in GBP £1.88
LSE:JRS Share Price ** LSE (2020-03-30) in GBP £4.63
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 21.49x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of JPMorgan Russian Securities.

BST:1JR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:JRS Share Price ÷ EPS (both in GBP)

= 4.63 ÷ 1.88

2.47x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • JPMorgan Russian Securities is good value based on earnings compared to the DE Capital Markets industry average.
  • JPMorgan Russian Securities is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does JPMorgan Russian Securities's expected growth come at a high price?
Raw Data
BST:1JR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.63x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for JPMorgan Russian Securities, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on JPMorgan Russian Securities's assets?
Raw Data
BST:1JR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-10-31) in GBP £7.81
LSE:JRS Share Price * LSE (2020-03-30) in GBP £4.63
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.5x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
BST:1JR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:JRS Share Price ÷ Book Value per Share (both in GBP)

= 4.63 ÷ 7.81

0.59x

* Primary Listing of JPMorgan Russian Securities.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • JPMorgan Russian Securities is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess JPMorgan Russian Securities's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. JPMorgan Russian Securities has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is JPMorgan Russian Securities expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as JPMorgan Russian Securities has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
40.9%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is JPMorgan Russian Securities expected to grow at an attractive rate?
  • Unable to compare JPMorgan Russian Securities's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare JPMorgan Russian Securities's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare JPMorgan Russian Securities's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BST:1JR Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 40.9%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BST:1JR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:1JR Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-10-31 97 17 90
2019-07-31 78 15 71
2019-04-30 59 12 53
2019-01-31 49 12 43
2018-10-31 39 12 32
2018-07-31 30 11 24
2018-04-30 22 10 16
2018-01-31 28 10 22
2017-10-31 34 9 28
2017-07-31 64 59
2017-04-30 94 8 89
2017-01-31 100 8 96

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if JPMorgan Russian Securities is high growth as no earnings estimate data is available.
  • Unable to determine if JPMorgan Russian Securities is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:1JR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from JPMorgan Russian Securities Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:1JR Past Financials Data
Date (Data in GBP Millions) EPS *
2019-10-31 1.88
2019-07-31 1.47
2019-04-30 1.08
2019-01-31 0.85
2018-10-31 0.63
2018-07-31 0.47
2018-04-30 0.31
2018-01-31 0.42
2017-10-31 0.53
2017-07-31 1.12
2017-04-30 1.71
2017-01-31 1.83

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if JPMorgan Russian Securities will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess JPMorgan Russian Securities's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
JPMorgan Russian Securities has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has JPMorgan Russian Securities performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare JPMorgan Russian Securities's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • JPMorgan Russian Securities has delivered over 20% year on year earnings growth in the past 5 years.
  • JPMorgan Russian Securities's 1-year earnings growth exceeds its 5-year average (178.3% vs 44.9%)
  • JPMorgan Russian Securities's earnings growth has exceeded the DE Capital Markets industry average in the past year (178.3% vs 5.7%).
Earnings and Revenue History
JPMorgan Russian Securities's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from JPMorgan Russian Securities Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:1JR Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-10-31 97.46 89.65 4.27
2019-07-31 78.45 71.36 4.14
2019-04-30 59.43 53.07 4.01
2019-01-31 49.07 42.64 4.06
2018-10-31 38.71 32.21 4.11
2018-07-31 30.41 24.16 4.10
2018-04-30 22.11 16.11 4.08
2018-01-31 27.92 21.98 4.04
2017-10-31 33.73 27.86 4.01
2017-07-31 63.62 58.58 3.82
2017-04-30 93.51 89.30 3.63
2017-01-31 99.52 95.80 3.36
2016-10-31 105.53 102.29 3.09
2016-07-31 56.87 53.37 2.96
2016-04-30 8.21 4.46 2.83
2016-01-31 -10.93 -14.98 2.83
2015-10-31 -30.08 -34.41 2.82
2015-07-31 -14.25 -18.59 3.10
2015-04-30 1.58 -2.77 3.37
2015-01-31 -40.39 -45.00 3.73
2014-10-31 -82.36 -87.23 4.09
2014-07-31 -74.13 -79.43 4.25
2014-04-30 -65.89 -71.63 4.42
2014-01-31 -9.87 -15.94 4.52
2013-10-31 46.15 39.74 4.62
2013-07-31 24.52 18.23 4.63
2013-04-30 2.89 -3.28 4.65

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • JPMorgan Russian Securities has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • JPMorgan Russian Securities used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • JPMorgan Russian Securities's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess JPMorgan Russian Securities's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
JPMorgan Russian Securities has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is JPMorgan Russian Securities's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up JPMorgan Russian Securities's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • JPMorgan Russian Securities is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • JPMorgan Russian Securities has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of JPMorgan Russian Securities's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • JPMorgan Russian Securities has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from JPMorgan Russian Securities Company Filings, last reported 4 months ago.

BST:1JR Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-10-31 360.34 0.00 2.06
2019-07-31 360.34 0.00 2.06
2019-04-30 319.85 0.00 0.40
2019-01-31 319.85 0.00 0.40
2018-10-31 303.19 0.00 3.00
2018-07-31 303.19 0.00 3.00
2018-04-30 296.77 0.00 1.79
2018-01-31 296.77 0.00 1.79
2017-10-31 300.36 0.00 1.28
2017-07-31 300.36 0.00 1.28
2017-04-30 298.41 0.00 3.02
2017-01-31 298.41 0.00 3.02
2016-10-31 284.89 0.00 5.15
2016-07-31 284.89 0.00 5.15
2016-04-30 216.43 0.00 2.55
2016-01-31 216.43 0.00 2.55
2015-10-31 194.64 0.00 4.33
2015-07-31 194.64 0.00 4.33
2015-04-30 220.88 0.00 0.50
2015-01-31 220.88 0.00 0.50
2014-10-31 236.42 0.00 2.25
2014-07-31 236.42 0.00 2.25
2014-04-30 231.01 0.00 0.37
2014-01-31 231.01 0.00 0.37
2013-10-31 332.40 0.00 3.63
2013-07-31 332.40 0.00 3.63
2013-04-30 314.70 0.00 0.10
  • JPMorgan Russian Securities has no debt.
  • JPMorgan Russian Securities has not taken on any debt in the past 5 years.
  • JPMorgan Russian Securities has no debt, it does not need to be covered by operating cash flow.
  • JPMorgan Russian Securities has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess JPMorgan Russian Securities's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. JPMorgan Russian Securities has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is JPMorgan Russian Securities's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.56%
Current annual income from JPMorgan Russian Securities dividends.
If you bought €2,000 of JPMorgan Russian Securities shares you are expected to receive €151 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • JPMorgan Russian Securities's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • JPMorgan Russian Securities's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:1JR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:1JR Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2020-01-20 0.350 5.628
2019-09-17 0.310 4.398
2019-01-21 0.260 4.352
2018-09-20 0.260 5.070
2018-01-23 0.210 4.098
2017-09-20 0.300 5.910
2017-01-20 0.160 3.347
2016-09-21 0.120 2.535
2016-02-02 0.130 3.724
2016-02-01 0.130 4.411
2015-01-27 0.130 4.067
2014-02-05 0.153 3.852

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • JPMorgan Russian Securities has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but JPMorgan Russian Securities only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of JPMorgan Russian Securities's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess JPMorgan Russian Securities's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can JPMorgan Russian Securities afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. JPMorgan Russian Securities has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of JPMorgan Russian Securities's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • JPMorgan Russian Securities has no CEO, or we have no data on them.
Management Team

Oleg Biryulyov

TITLE
Portfolio Manager
AGE
46

Sonal Tanna

TITLE
Portfolio Manager
AGE
41
Board of Directors Tenure

Average tenure and age of the JPMorgan Russian Securities board of directors in years:

8.4
Average Tenure
64
Average Age
  • The tenure for the JPMorgan Russian Securities board of directors is about average.
Board of Directors

Lysander Tennant

TITLE
Chairman
COMPENSATION
£31K
AGE
51
TENURE
7.9 yrs

Rob Jeens

TITLE
Independent Non-Executive Director
COMPENSATION
£26K
AGE
64
TENURE
8.4 yrs

Gill Nott

TITLE
Director
COMPENSATION
£22K
AGE
73
TENURE
8.3 yrs

George Nianias

TITLE
Non-Executive Director
COMPENSATION
£22K
TENURE
12 yrs

Alex Easton

TITLE
Independent Non-Executive Director
COMPENSATION
£22K
TENURE
9.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by JPMorgan Russian Securities individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
26. Mar 20 Buy Tamara Sakovska Individual 23. Mar 20 23. Mar 20 1,700 €4.95 €8,411
X
Management checks
We assess JPMorgan Russian Securities's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. JPMorgan Russian Securities has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

JPMorgan Russian Securities plc is an equity mutual fund launched and managed by JPMorgan Funds Limited. The fund is co-managed by JPMorgan Asset Management (UK) Limited. It invests in the public equity markets of Russia. The fund invests in stocks of companies operating across diversified sectors. It benchmarks the performance of its portfolio against the MSCI Russian 10/40 Equity Indices Index. The fund was formerly known as JP Morgan Fleming Russian Securities plc. JPMorgan Russian Securities plc was formed in 2002 and is domiciled in the United Kingdom.

Details
Name: JPMorgan Russian Securities plc
1JR
Exchange: BST
Founded: 2002
£237,647,508
45,849,532
Website: http://am.jpmorgan.co.uk/investment-trusts/trusts/russian-securities-jpm-it.aspx?isin=GB0032164732
Address: JPMorgan Russian Securities plc
20 Finsbury Street,
Finsbury Dials,
London,
Greater London, EC2Y 9AQ,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE JRS Ordinary Shares London Stock Exchange GB GBP 20. Dec 2002
BST 1JR Ordinary Shares Boerse-Stuttgart DE EUR 20. Dec 2002
BATS-CHIXE JRSL Ordinary Shares BATS 'Chi-X Europe' GB GBP 20. Dec 2002
Number of employees
Current staff
Staff numbers
0
JPMorgan Russian Securities employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 22:55
End of day share price update: 2020/03/30 00:00
Last earnings filing: 2020/01/20
Last earnings reported: 2019/10/31
Last annual earnings reported: 2019/10/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.