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Kcell

DB:KC1A
Snowflake Description

Mediocre balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KC1A
DB
$1B
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

Kcell Joint Stock Company, together with its subsidiaries, provides mobile communications services in the Republic of Kazakhstan. The last earnings update was 25 days ago. More info.


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KC1A Share Price and Events
7 Day Returns
1.3%
DB:KC1A
-3%
Europe Wireless Telecom
0%
DE Market
1 Year Returns
18.7%
DB:KC1A
1.1%
Europe Wireless Telecom
9.9%
DE Market
KC1A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kcell (KC1A) 1.3% 1.8% 11.3% 18.7% 60.2% -45.8%
Europe Wireless Telecom -3% -3.3% 2.2% 1.1% -14.3% -26.2%
DE Market 0% 4.6% 12.1% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • KC1A outperformed the Wireless Telecom industry which returned 1.1% over the past year.
  • KC1A outperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
KC1A
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Kcell's competitors could be found in our database.

KC1A Value

 Is Kcell 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 Kcell 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 Kcell.

DB:KC1A Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:KC1A
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Wireless Telecom Unlevered Beta Simply Wall St/ S&P Global 0.34
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.337 (1 + (1- 20%) (21.89%))
0.595
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

Discounted Cash Flow Calculation for DB:KC1A using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Kcell is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:KC1A DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (KZT, Millions) Source Present Value
Discounted (@ 5%)
2020 18,122.80 Est @ 25.52% 17,260.46
2021 21,372.33 Est @ 17.93% 19,386.81
2022 24,069.49 Est @ 12.62% 20,794.50
2023 26,212.22 Est @ 8.9% 21,568.15
2024 27,863.59 Est @ 6.3% 21,836.01
2025 29,111.44 Est @ 4.48% 21,728.37
2026 30,043.96 Est @ 3.2% 21,357.38
2027 30,738.18 Est @ 2.31% 20,811.15
2028 31,256.40 Est @ 1.69% 20,155.06
2029 31,646.64 Est @ 1.25% 19,435.69
Present value of next 10 years cash flows KZT204,333.00
DB:KC1A DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= KZT31,646.64 × (1 + 0.23%) ÷ (5% – 0.23%)
KZT665,243.14
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= KZT665,243.14 ÷ (1 + 5%)10
KZT408,557.19
DB:KC1A Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= KZT204,333.00 + KZT408,557.19
KZT612,890.19
Equity Value per Share
(KZT)
= Total value / Shares Outstanding
= KZT612,890.19 / 200.00
KZT3064.45
DB:KC1A Discount to Share Price
Calculation Result
Exchange Rate KZT/USD
(Reporting currency to currency of LSE:KCEL)
0.003
Value per Share
(USD)
= Value per Share in KZT x Exchange Rate (KZT/USD)
= KZT3064.45 x 0.003
$7.91
Non-primary Listing Adjustment Factor 1 share in DB:KC1A represents 0.86246x of LSE:KCEL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.86246x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 7.91 x 0.86246
€6.82
Value per share (EUR) From above. €6.82
Current discount Discount to share price of €4.64
= -1 x (€4.64 - €6.82) / €6.82
32%

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

Current Discount
Amount off the current price Kcell is available for.
Intrinsic value
32%
Share price is €4.64 vs Future cash flow value of €6.82
Current Discount Checks
For Kcell to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Kcell's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Kcell's share price is below the future cash flow value, but not 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 Kcell's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kcell's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:KC1A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in KZT KZT43.44
LSE:KCEL Share Price ** LSE (2019-11-18) in USD $5.38
LSE:KCEL Share Price converted to KZT reporting currency Exchange rate (USD/ KZT) 387.39 KZT2084.16
Europe Wireless Telecom Industry PE Ratio Median Figure of 7 Publicly-Listed Wireless Telecom Companies 22.75x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 20.03x

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

** Primary Listing of Kcell.

DB:KC1A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:KCEL Share Price ÷ EPS (both in KZT)

= 2084.16 ÷ 43.44

47.98x

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

  • Kcell is overvalued based on earnings compared to the Europe Wireless Telecom industry average.
  • Kcell is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Kcell's expected growth come at a high price?
Raw Data
DB:KC1A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 47.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
0.6%per year
Europe Wireless Telecom Industry PEG Ratio Median Figure of 5 Publicly-Listed Wireless Telecom Companies 2.38x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.38x

*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 Kcell, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Kcell's assets?
Raw Data
DB:KC1A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in KZT KZT332.40
LSE:KCEL Share Price * LSE (2019-11-18) in USD $5.38
LSE:KCEL Share Price converted to KZT reporting currency Exchange rate (USD/ KZT) 387.39 KZT2084.16
Europe Wireless Telecom Industry PB Ratio Median Figure of 9 Publicly-Listed Wireless Telecom Companies 1.82x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.84x
DB:KC1A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:KCEL Share Price ÷ Book Value per Share (both in KZT)

= 2084.16 ÷ 332.40

6.27x

* Primary Listing of Kcell.

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

  • Kcell is overvalued based on assets compared to the Europe Wireless Telecom industry average.
X
Value checks
We assess Kcell'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 Wireless Telecom 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 Wireless Telecom industry average (and greater than 0)? (1 check)
  5. Kcell has a total score of 1/6, 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.

KC1A Future Performance

 How is Kcell expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

  • No analysts cover Kcell, future earnings growth has been estimated based on fundamentals.
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
0.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kcell expected to grow at an attractive rate?
  • Kcell's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Kcell's earnings growth is positive but not above the Germany market average.
  • Kcell's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:KC1A Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:KC1A Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 0.6%
DB:KC1A Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 4.1%
Europe Wireless Telecom Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
Europe Wireless Telecom Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
DB:KC1A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in KZT Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:KC1A Future Estimates Data
Date (Data in KZT Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 179,447 1
2022-12-31 173,078 1
2021-12-31 167,281 1
2020-12-31 159,216 1
2019-12-31 151,775 1
2019-11-18
DB:KC1A Past Financials Data
Date (Data in KZT Millions) Revenue Cash Flow Net Income *
2019-09-30 152,424 36,173 8,687
2019-06-30 150,060 32,236 -827
2019-03-31 148,495 34,863 -2,580
2018-12-31 149,701 27,571 8,531
2018-09-30 149,659 28,598 8,064
2018-06-30 148,451 28,151 10,560
2018-03-31 148,229 32,472 10,108
2017-12-31 147,475 33,483 11,699
2017-09-30 147,485 28,423 9,556
2017-06-30 146,868 31,797 10,046
2017-03-31 147,199 30,787 14,009
2016-12-31 147,037 30,547 16,684

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kcell's earnings are expected to grow by 0.6% yearly, however this is not considered high growth (20% yearly).
  • Kcell's revenue is expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).
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
DB:KC1A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Kcell Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KC1A Future Estimates Data
Date (Data in KZT Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31
2019-11-18
DB:KC1A Past Financials Data
Date (Data in KZT Millions) EPS *
2019-09-30 43.44
2019-06-30 -4.14
2019-03-31 -12.90
2018-12-31 42.66
2018-09-30 40.32
2018-06-30 52.80
2018-03-31 50.54
2017-12-31 58.50
2017-09-30 47.78
2017-06-30 50.23
2017-03-31 70.05
2016-12-31 83.42

*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.
  • Kcell is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Kcell'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Kcell has a total score of 2/6, 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.

KC1A Past Performance

  How has Kcell 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 Kcell's growth in the last year to its industry (Wireless Telecom).
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.
  • Kcell's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Kcell's 1-year earnings growth exceeds its 5-year average (7.7% vs -51.2%)
  • Kcell's earnings growth has not exceeded the Europe Wireless Telecom industry average in the past year (7.7% vs 21%).
Earnings and Revenue History
Kcell'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 Kcell Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KC1A Past Revenue, Cash Flow and Net Income Data
Date (Data in KZT Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 152,423.75 8,687.03 26,694.07
2019-06-30 150,060.40 -827.19 25,165.76
2019-03-31 148,494.69 -2,579.73 42,299.73
2018-12-31 149,700.75 8,531.03 29,032.07
2018-09-30 149,659.37 8,063.60 15,789.36
2018-06-30 148,450.54 10,559.99 20,676.50
2018-03-31 148,228.79 10,108.03 27,293.42
2017-12-31 147,474.56 11,699.26 25,949.56
2017-09-30 147,485.46 9,556.29 28,372.23
2017-06-30 146,867.85 10,045.55 28,033.69
2017-03-31 147,199.03 14,009.11 25,097.68
2016-12-31 147,037.00 16,683.62 25,137.88
2016-09-30 148,417.91 22,599.63 22,532.32
2016-06-30 154,242.39 33,333.50 22,177.25
2016-03-31 160,809.20 40,023.45 22,142.36
2015-12-31 168,424.05 46,632.33 21,602.04
2015-09-30 175,093.27 52,332.26 21,506.81
2015-06-30 181,503.07 50,676.75 21,585.28
2015-03-31 186,558.11 55,869.28 21,963.67
2014-12-31 187,580.73 58,270.84 22,214.72
2014-09-30 190,833.79 63,867.79 22,981.62
2014-06-30 190,417.06 66,332.36 24,562.23
2014-03-31 188,653.38 65,371.63 25,440.02
2013-12-31 187,599.22 63,391.89 26,631.44
2013-09-30 186,972.72 60,883.91 28,483.28
2013-06-30 185,547.28 61,610.05 29,314.63
2013-03-31 183,659.16 62,159.04 27,883.12
2012-12-31 182,003.50 61,828.03 28,199.55

*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.
  • Kcell has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Kcell used its assets more efficiently than the Europe Wireless Telecom industry average last year based on Return on Assets.
  • Kcell's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Kcell'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 Wireless Telecom 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.
Kcell has a total score of 2/6, 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.

KC1A Health

 How is Kcell'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 Kcell's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kcell is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Kcell's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Kcell'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.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.7x debt.
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 Kcell Company Filings, last reported 1 month ago.

DB:KC1A Past Debt and Equity Data
Date (Data in KZT Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 66,480.00 66,378.00 15,994.00
2019-06-30 60,641.51 66,937.68 10,064.69
2019-03-31 58,674.48 60,259.90 6,758.37
2018-12-31 68,075.29 66,718.79 6,029.04
2018-09-30 73,333.68 75,258.58 9,974.95
2018-06-30 70,326.53 65,327.78 7,849.56
2018-03-31 79,384.14 70,297.92 13,429.38
2017-12-31 70,539.39 70,417.72 12,659.84
2017-09-30 69,263.66 74,438.67 14,073.05
2017-06-30 65,401.30 78,456.38 13,847.51
2017-03-31 76,479.00 65,273.75 10,043.65
2016-12-31 72,680.29 65,414.64 8,476.65
2016-09-30 71,629.65 65,352.11 20,746.73
2016-06-30 67,251.23 56,432.80 27,203.50
2016-03-31 87,071.19 50,219.43 19,142.86
2015-12-31 80,446.10 50,201.23 31,589.01
2015-09-30 73,479.46 50,161.90 38,957.96
2015-06-30 58,367.17 47,155.01 15,452.34
2015-03-31 105,307.74 24,726.64 22,972.41
2014-12-31 92,073.78 25,020.03 19,520.36
2014-09-30 79,407.20 16,718.96 18,892.41
2014-06-30 65,950.00 20,766.00 4,805.00
2014-03-31 112,828.46 23,525.77 35,953.72
2013-12-31 97,192.94 24,721.18 18,916.26
2013-09-30 78,929.51 30,529.56 5,193.85
2013-06-30 63,008.12 50,992.39 2,080.01
2013-03-31 79,858.84 44,771.76 2,150.50
2012-12-31 66,203.05 48,990.99 3,075.14
  • Kcell's level of debt (99.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (21.1% vs 99.8% today).
  • Debt is well covered by operating cash flow (54.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.7x coverage).
X
Financial health checks
We assess Kcell'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. Kcell has a total score of 3/6, 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.

KC1A Dividends

 What is Kcell'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
1.43%
Current annual income from Kcell dividends. Estimated to be 2.54% next year.
If you bought €2,000 of Kcell shares you are expected to receive €29 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?
  • Kcell's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • Kcell's dividend is below the markets top 25% of dividend payers in Germany (3.68%).
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
DB:KC1A 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 2 Analyst Estimates (S&P Global) See Below
Europe Wireless Telecom Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 4.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:KC1A Future Dividends Estimate Data
Date (Data in KZT) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 78.87 1.00
2022-12-31 67.55 1.00
2021-12-31 51.27 1.00
2020-12-31 39.03 1.00
2019-12-31 28.43 1.00
2019-11-18
DB:KC1A Past Annualized Dividends Data
Date (Data in KZT) Dividend per share (annual) Avg. Yield (%)
2019-04-26 29.860 1.587
2018-04-20 58.390 3.486
2018-04-19 58.390 3.732
2017-04-13 58.390 4.101
2016-04-15 116.580 10.303
2016-04-11 116.580 10.492
2015-04-21 291.300 21.310
2015-03-18 291.300 16.570
2014-05-06 316.950 15.018

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

  • Kcell has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Kcell has only been paying a dividend for 6 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Kcell's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Kcell's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Kcell afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kcell 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.

KC1A Management

 What is the CEO of Kcell'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.
CEO
Kaspars Kukelis
AGE 48
TENURE AS CEO 0.8 years
CEO Bio

Mr. Kaspars Kukelis serves as a Chief Executive Officer at Kcell Joint Stock Company since January 29, 2019 and serves as its Chairman of the Management Board since May 29, 2019. Mr. Kukelis has more than 20 years' experience in the telecommunications industry, having held a number of senior level management positions. Since 2017, he was Chief Director for Retail Segment of Kazakhtelecom JSC and a member of its Management Board. He served as Chief Commercial Officer of Kcell Joint Stock Company (Alternate Name: GSM Kazakhstan LLP) since September 1, 2013 until February 2014. Mr. Kukelis served as Marketing Department Director of Kcell Joint Stock Company since 2008. From 1996 to 2005, he served as the Chief Executive Officer of LLP Panda Advertising. From 2002 to 2003, he served as the President of LLP Kazakhstan Advertising Agencies Association. From 2006 to 2007. He served as the Chief Executive Officer of LLP Kazyna Invest. From 2007 to 2008, he served as the Deputy Director of LLP Easy World MG. Mr. Kukelis has been the Chairman of JSC ``KAPS INTL'' since 2004. Mr. Kukelis served as an Independent Director of the Board of Directors of Altel JSC. He graduated from the Kazakhstan State Academy of Management in 1995, where he earned a degree in economics and has an EMBA degree from Harvard Business School, Boston.

CEO Compensation
  • Insufficient data for Kaspars to compare compensation growth.
  • Insufficient data for Kaspars to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Kcell management team in years:

2.3
Average Tenure
53.5
Average Age
  • The tenure for the Kcell management team is about average.
Management Team

Kaspars Kukelis

TITLE
CEO & Chairman of the Management Board
AGE
48
TENURE
0.8 yrs

Bunyod Ramatov

TITLE
Chief Financial Officer
TENURE
0.5 yrs

Sergey Yeltsov

TITLE
Chief Legal Officer & Member of the Management Board
TENURE
0.5 yrs

Askar Yesserkegenov

TITLE
Chief Technical Officer & Member of the Management Board
TENURE
0.5 yrs

Irina Shol

TITLE
Head of Investor Relations

Daniel Mota

TITLE
Business Development Director
AGE
56
TENURE
6.1 yrs

Assya Kalinkina

TITLE
Human Resources Director
TENURE
3.8 yrs

Veysel Aral

TITLE
President of Business Area Eurasia
AGE
51
TENURE
6.8 yrs

Hikmatulla Nasritdinhodjaev

TITLE
B2C Director

Aida Dossayeva

TITLE
Consultant
AGE
59
TENURE
5.4 yrs
Board of Directors Tenure

Average tenure of the Kcell board of directors in years:

0.8
Average Tenure
  • The average tenure for the Kcell board of directors is less than 3 years, this suggests a new board.
Board of Directors

Alexey Buyanov

TITLE
Independent Chairman
TENURE
0.8 yrs

Rashit Makhat

TITLE
Independent Director
TENURE
0.8 yrs

Dinara Inkarbekova

TITLE
Independent Director
TENURE
0.8 yrs

Vladimir Popov

TITLE
Independent Director
TENURE
0.8 yrs

Kuanyshbek Yessekeyev

TITLE
Director
TENURE
0.8 yrs

Timur Turlov

TITLE
Director
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Kcell'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. Kcell 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.

KC1A News

Simply Wall St News

KC1A Company Info

Description

Kcell Joint Stock Company, together with its subsidiaries, provides mobile communications services in the Republic of Kazakhstan. It also offers messaging services; and value-added services, including multimedia and mobile content services, as well as data transmission services, such as Internet access. The company provides its services under the Kcell and Activ brands primarily to corporate subscribers comprising government subscribers, as well as mass market subscribers. The company was formerly known as GSM Kazakhstan OAO Kazakhtelecom LLP and changed its name to Kcell Joint Stock Company in July 2012. The company was founded in 1998 and is based in Almaty, the Republic of Kazakhstan. Kcell Joint Stock Company is a subsidiary of Kazakhtelecom JSC.

Details
Name: Kcell Joint Stock Company
KC1A
Exchange: DB
Founded: 1998
$970,444,400
200,000,000
Website: http://www.kcell.kz
Address: Kcell Joint Stock Company
100, Samal-2 Microdistrict,
Almaty,
050051,
Kazakhstan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE KCEL GDR EACH REPR 1 SHARE(SPONS) REG S London Stock Exchange GB USD 12. Dec 2012
DB KC1A GDR EACH REPR 1 SHARE(SPONS) REG S Deutsche Boerse AG DE EUR 12. Dec 2012
KAS KCEL Common Shares Kazakhstan Stock Exchange KZ KZT 20. Dec 2012
Number of employees
Current staff
Staff numbers
1,876
Kcell employees.
Industry
Wireless Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 21:41
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/04
Last earnings filing: 2019/10/24
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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.