Loading...

We've got a brand new version of Simply Wall St! Try it out

Sistema Financial

DB:KO71
Snowflake Description

Undervalued with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KO71
DB
RUB146B
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

Sistema Public Joint Stock Financial Corporation, together with its subsidiaries, operates in telecommunications, consumer retail, paper and packaging, agriculture, high-tech, real estate, healthcare, financials and hospitality businesses in Russia and internationally. The last earnings update was 81 days ago. More info.


Add to Portfolio Compare Print
  • Sistema Financial has significant price volatility in the past 3 months.
KO71 Share Price and Events
7 Day Returns
5.7%
DB:KO71
-3%
Europe Wireless Telecom
0%
DE Market
1 Year Returns
112.9%
DB:KO71
1.1%
Europe Wireless Telecom
9.9%
DE Market
KO71 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sistema Financial (KO71) 5.7% 20.9% 47.6% 112.9% -37.3% -16.8%
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
  • KO71 outperformed the Wireless Telecom industry which returned 1.1% over the past year.
  • KO71 outperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
KO71
Industry
5yr Volatility vs Market
Related Companies

KO71 Value

 Is Sistema Financial 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 Sistema Financial 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 Sistema Financial.

DB:KO71 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in RUB RUB 2.1877823333333
Payout Ratio Company Filings (2019-06-30) -15258.6%
Discount Rate (Cost of Equity) See below 7.8%
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:KO71
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 9.4%
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%) (622.69%))
0.475
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 * 9.43%)
7.77%

Discounted Cash Flow Calculation for DB:KO71 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Sistema Financial is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:KO71 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= RUB2.19 / (7.77% - 0.23%)
RUB2.24
DB:KO71 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:KO71 represents 0.27763x of MISX:AFKS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.27763x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (RUB) x Listing Adjustment Factor
= RUB 29.00 x 0.27763
€8.05
Value per share (EUR) From above. €8.05
Current discount Discount to share price of €4.30
= -1 x (€4.30 - €8.05) / €8.05
46.6%

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

Current Discount
Amount off the current price Sistema Financial is available for.
Intrinsic value
47%
Share price is €4.3 vs Future cash flow value of €8.05
Current Discount Checks
For Sistema Financial to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sistema Financial's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sistema Financial'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 Sistema Financial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sistema Financial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:KO71 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in RUB RUB1.09
MISX:AFKS Share Price ** MISX (2019-11-18) in RUB RUB15.49
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 Sistema Financial.

DB:KO71 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= MISX:AFKS Share Price ÷ EPS (both in RUB)

= 15.49 ÷ 1.09

14.27x

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

  • Sistema Financial is good value based on earnings compared to the Europe Wireless Telecom industry average.
  • Sistema Financial is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Sistema Financial's expected growth come at a high price?
Raw Data
DB:KO71 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
43.8%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 .

DB:KO71 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.27x ÷ 43.8%

0.33x

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

  • Sistema Financial is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Sistema Financial's assets?
Raw Data
DB:KO71 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in RUB RUB3.64
MISX:AFKS Share Price * MISX (2019-11-18) in RUB RUB15.49
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:KO71 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= MISX:AFKS Share Price ÷ Book Value per Share (both in RUB)

= 15.49 ÷ 3.64

4.26x

* Primary Listing of Sistema Financial.

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

  • Sistema Financial is overvalued based on assets compared to the Europe Wireless Telecom industry average.
X
Value checks
We assess Sistema Financial'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. Sistema Financial 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.

KO71 Future Performance

 How is Sistema Financial expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

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
43.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sistema Financial expected to grow at an attractive rate?
  • Sistema Financial's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Sistema Financial's earnings growth is expected to exceed the Germany market average.
  • Sistema Financial's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:KO71 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:KO71 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 43.8%
DB:KO71 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 4.9%
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:KO71 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in RUB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:KO71 Future Estimates Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 899,464 223,268 57,634 3
2020-12-31 853,699 211,996 25,378 4
2019-12-31 808,111 209,278 29,809 4
2019-11-18
DB:KO71 Past Financials Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income *
2019-06-30 811,876 97,809 10,330
2019-03-31 794,935 128,501 8,909
2018-12-31 777,405 88,146 11,827
2018-09-30 737,275 43,728 -73,883
2018-06-30 712,306 43,649 -96,955
2018-03-31 700,539 24,927 -94,299
2017-12-31 693,424 98,602 -90,194
2017-09-30 678,844 123,306 5,312
2017-06-30 676,080 110,821 3,997
2017-03-31 677,498 98,814 4,610
2016-12-31 680,864 104,685 3,836
2016-09-30 673,471 116,378 -15,996

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sistema Financial's earnings are expected to grow significantly at over 20% yearly.
  • Sistema Financial's revenue is expected to grow by 4.9% 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:KO71 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 4 Analyst Estimates (S&P Global) See Below

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

DB:KO71 Future Estimates Data
Date (Data in RUB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 4.38 4.38 4.38 1.00
2020-12-31 3.47 3.47 3.47 1.00
2019-12-31 2.35 2.35 2.35 1.00
2019-11-18
DB:KO71 Past Financials Data
Date (Data in RUB Millions) EPS *
2019-06-30 1.09
2019-03-31 0.94
2018-12-31 1.25
2018-09-30 -7.88
2018-06-30 -12.24
2018-03-31 -10.02
2017-12-31 -9.55
2017-09-30 0.56
2017-06-30 0.37
2017-03-31 0.49
2016-12-31 0.41
2016-09-30 -1.68

*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.
  • Sistema Financial is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Sistema Financial'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.
Sistema Financial has a total score of 5/6, 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.

KO71 Past Performance

  How has Sistema Financial 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 Sistema Financial'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.
  • Sistema Financial's year on year earnings growth rate has been positive over the past 5 years.
  • Sistema Financial has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Sistema Financial has become profitable in the last year making it difficult to compare the Europe Wireless Telecom industry average.
Earnings and Revenue History
Sistema Financial'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 Sistema Financial Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KO71 Past Revenue, Cash Flow and Net Income Data
Date (Data in RUB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 811,876.00 10,330.00 145,974.00
2019-03-31 794,935.00 8,909.00 144,055.00
2018-12-31 777,405.00 11,827.00 141,605.00
2018-09-30 737,275.00 -73,883.00 140,725.00
2018-06-30 712,306.00 -96,955.00 143,957.00
2018-03-31 700,539.00 -94,299.00 147,905.00
2017-12-31 693,424.00 -90,194.00 153,162.00
2017-09-30 678,844.00 5,312.00 150,544.00
2017-06-30 676,080.00 3,997.00 151,016.00
2017-03-31 677,498.00 4,610.00 151,643.00
2016-12-31 680,864.00 3,836.00 152,110.00
2016-09-30 673,471.00 -15,996.00 158,335.00
2016-06-30 679,455.00 -17,760.00 154,608.00
2016-03-31 675,378.00 -9,671.00 150,813.00
2015-12-31 678,821.00 -15,731.00 148,232.00
2015-09-30 707,353.00 -33,532.00 143,914.00
2015-06-30 685,564.00 -40,170.00 142,764.00
2015-03-31 670,812.00 -46,809.00 141,524.00
2014-12-31 646,269.00 -47,022.00 138,991.00
2014-09-30 153,188.75 -64,828.67 104,307.41
2014-06-30 348,337.49 -6,281.90 113,586.25
2014-03-31 500,399.85 9,132.91 132,022.94
2013-12-31 607,910.47 23,559.39 135,838.86
2013-09-30 1,149,832.25 75,630.66 181,569.84
2013-06-30 1,149,785.35 50,018.84 179,663.94
2013-03-31 1,067,534.01 57,573.48 165,132.18
2012-12-31 1,036,878.37 56,856.99 157,914.26

*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.
  • Whilst Sistema Financial has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Sistema Financial used its assets less efficiently than the Europe Wireless Telecom industry average last year based on Return on Assets.
  • Sistema Financial has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sistema Financial'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.
Sistema Financial 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.

KO71 Health

 How is Sistema Financial'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 Sistema Financial's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sistema Financial's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Sistema Financial's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Sistema Financial'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 0.5x 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 Sistema Financial Company Filings, last reported 4 months ago.

DB:KO71 Past Debt and Equity Data
Date (Data in RUB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 62,077.00 702,709.00 161,448.00
2019-03-31 70,902.00 741,640.00 106,622.00
2018-12-31 63,028.00 698,335.00 236,018.00
2018-09-30 66,818.00 705,580.00 151,435.00
2018-06-30 117,010.00 643,296.00 99,132.00
2018-03-31 127,165.00 617,708.00 94,676.00
2017-12-31 122,823.00 600,964.00 187,825.00
2017-09-30 212,000.00 524,975.00 101,014.00
2017-06-30 212,029.00 529,378.00 146,163.00
2017-03-31 226,589.00 474,894.00 96,829.00
2016-12-31 216,971.00 478,126.00 69,363.00
2016-09-30 232,087.00 463,595.00 89,534.00
2016-06-30 238,650.00 486,109.00 121,288.00
2016-03-31 253,046.00 521,013.00 166,196.00
2015-12-31 245,597.00 556,760.00 198,892.00
2015-09-30 262,154.00 536,742.00 257,999.00
2015-06-30 252,524.00 480,883.00 234,629.00
2015-03-31 251,774.00 492,368.00 236,256.00
2014-12-31 233,707.00 462,433.00 130,635.00
2014-09-30 517,288.32 559,373.83 185,155.86
2014-06-30 488,642.02 537,606.74 222,126.98
2014-03-31 487,313.54 502,126.87 193,057.04
2013-12-31 502,732.08 353,130.03 139,062.08
2013-09-30 505,506.16 432,330.48 172,244.17
2013-06-30 454,550.12 490,310.09 177,462.20
2013-03-31 445,987.06 486,187.91 140,320.49
2012-12-31 427,981.88 485,567.54 117,384.24
  • Sistema Financial's level of debt (1132%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (110% vs 1132% today).
  • Debt is not well covered by operating cash flow (13.9%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Sistema Financial'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. Sistema Financial has a total score of 0/6, 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.

KO71 Dividends

 What is Sistema Financial'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
0.71%
Current annual income from Sistema Financial dividends. Estimated to be 14.13% next year.
If you bought €2,000 of Sistema Financial shares you are expected to receive €14 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?
  • Sistema Financial's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • Sistema Financial'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:KO71 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 4 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:KO71 Future Dividends Estimate Data
Date (Data in RUB) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 2.17 1.00
2020-12-31 2.17 1.00
2019-12-31 2.22 1.00
2019-11-18
DB:KO71 Past Annualized Dividends Data
Date (Data in RUB) Dividend per share (annual) Avg. Yield (%)
2019-04-01 0.110 1.013
2018-11-27 0.000 0.000
2018-05-21 0.790 9.068
2017-10-16 1.490 12.728
2017-04-03 1.190 8.870
2016-08-08 1.050 4.793
2016-06-02 6.280 29.041
2016-04-18 6.280 31.587
2015-11-26 11.220 63.398
2015-08-28 11.220 61.569
2015-06-10 0.470 2.390
2015-04-20 0.470 2.816
2014-08-28 2.060 14.087
2014-06-03 2.060 4.836
2014-04-24 2.060 5.252
2013-11-25 0.960 2.401
2013-06-21 0.960 2.998
2012-09-13 8.362 34.113
2012-02-29 0.280 1.103
2011-09-14 0.260 1.061
2011-06-15 0.248 0.886
2010-09-15 0.049 0.183
2010-06-30 0.055 0.207
2010-02-10 0.000 0.000

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

  • Sistema Financial is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • Sistema Financial is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Sistema Financial's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Sistema Financial's dividends as it is not paying a notable one for Germany.
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 Sistema Financial'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 Sistema Financial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sistema Financial has a total score of 0/6, see the detailed checks below.


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

KO71 Management

 What is the CEO of Sistema Financial'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
Andrey Dubovskov
AGE 53
TENURE AS CEO 1.7 years
CEO Bio

Mr. Andrey Anatolyevich Dubovskov has been President, Chairman of the Management Board and Chief Executive Officer of Sistema Public Joint Stock Financial Corporation since March 13, 2018. He serves as the Chief Executive Officer at PrJSC VF Ukraine. Mr. Dubovskov served as President of Mobile Telesystems PJSC (alternate name MTS & MTS Group) since March 4, 2011 and its Chairman of Management Board since April 2011 until March 12, 2018. Mr. Dubovskov served as Member of Management Board of Mobile Telesystems PJSC since February 2008. Mr. Dubovskov served as Chief Executive Officer of Mobile Telesystems PJSC (alternate name MTS & MTS Group) since March 4, 2011. Mr. Dubovskov served as General Director of Business unit "MTS Ukraine at Mobile Telesystems OJSC since January 2008 until March 4, 2011. He served as Chief Executive Officer of MTS Ukraine Private Joint Stock Company. He served as General Manager of Public Joint Stock Company Moscow City Telephone Network. He served as a First Deputy General Director at MTS Ukraine, Kommersant at Mobile Telesystems OJSC since March 2010. He joined MTS Ukraine in November 2007 as First Deputy Director General. Mr. Dubovskov served as the Head of Macro-region MTS Ural from 2006 to 2007. He served as the Head of the MTS branch in Nizhny Novgorod from 2004 to 2006. From 2002 to 2004, he headed Tele2 operations in Nizhny Novgorod. Since 1993, he served a number of management positions in companies such as Millicom International Cellular SA, Millicom International Cellular BV, Regionalnaya Sotovaya Svyaz LLC and CJSC 800 as well as other companies in Moscow, Alma-Ata, Nizhny Novgorod, Ekaterinburg, Perm and Kiev. He has a wealth of experience in working for Russian and foreign telecommunications companies. He serves as Chairperson of Mobile TeleSystems, JLLC. He served as Chairman of the Board of Public Joint Stock Company Moscow City Telephone Network since December 21, 2012 and serves as its Director. He has been the Chairman of Supervisory Board at MTS Ukraine Private Joint Stock Company since February 3, 2014. He served as Chairman of Supervisory Board at Public Joint Stock Company Moscow City Telephone Network. He has been a Director of Sistema Public Joint Stock Financial Corporation (alternative name Sistema JSFC) since July 2015. He serves as Director of Gsma Ltd. He served as Non-Executive Director of Sistema Shyam TeleServices Limited since September 2, 2014. Mr. Dubovskov served as an Executive Director of Mobile Telesystems PJSC since March 5, 2011. He graduated in 1993 from the State Institute of Cinematography, named after SA Gerasimov.

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

Average tenure and age of the Sistema Financial management team in years:

1.7
Average Tenure
51
Average Age
  • The average tenure for the Sistema Financial management team is less than 2 years, this suggests a new team.
Management Team

Vladimir Evtushenkov

TITLE
Founder & Chairman
AGE
71

Andrey Dubovskov

TITLE
Chairman of the Management Board
AGE
53
TENURE
1.7 yrs

Ali Uzdenov

TITLE
Managing Partner & Member of Management Board
AGE
57
TENURE
1.7 yrs

Vsevolod Rozanov

TITLE
Managing Partner & Member of Management Board
AGE
48
TENURE
1.7 yrs

Oleg Mubarakshin

TITLE
Managing Partner & Member of Management Board
AGE
51
TENURE
1.7 yrs

Artem Sirazutdinov

TITLE
Managing Partner & Member of Management Board
TENURE
1.7 yrs

Alexey Katkov

TITLE
Managing Partner & Member of Management Board
AGE
39
TENURE
1.6 yrs

Maxim Yanpolsky

TITLE
Managing Partner & Member of the Management Board

Vladimir Travkov

TITLE
VP, Chief of Financial & Investment Department and Member of Management Board
TENURE
1.6 yrs

Shishkin Anatolyevich

TITLE
VP, Chief of Corporate Governance & Legal Department and Member of Management Board
AGE
49
TENURE
3.9 yrs
Board of Directors Tenure

Average tenure and age of the Sistema Financial board of directors in years:

6.4
Average Tenure
63.5
Average Age
  • The tenure for the Sistema Financial board of directors is about average.
Board of Directors

Andrey Dubovskov

TITLE
Chairman of the Management Board
AGE
53
TENURE
4.3 yrs

Anna Belova

TITLE
Deputy Chairman
AGE
58
TENURE
0.4 yrs

Vladimir Evtushenkov

TITLE
Founder & Chairman
AGE
71
TENURE
13.8 yrs

Robert Kocharyan

TITLE
Independent Director
AGE
65
TENURE
10.4 yrs

Roger Munnings

TITLE
Independent Director
AGE
69
TENURE
9.4 yrs

Felix Vladimirovich

TITLE
Non-Executive Director
AGE
41
TENURE
4.3 yrs

Sergey Boev

TITLE
Non-Executive Director
AGE
66
TENURE
6.4 yrs

Ron Sommer

TITLE
Non-Executive Director
AGE
70
TENURE
2.4 yrs

Mikhail Shamolin

TITLE
Non-Executive Director
AGE
49

David Iakobachvili

TITLE
Independent Director
AGE
62
TENURE
8.8 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 Sistema Financial'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. Sistema Financial 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.

KO71 News

Simply Wall St News

KO71 Company Info

Description

Sistema Public Joint Stock Financial Corporation, together with its subsidiaries, operates in telecommunications, consumer retail, paper and packaging, agriculture, high-tech, real estate, healthcare, financials and hospitality businesses in Russia and internationally. The company operates through Mobile TeleSystems (MTS), Detsky Mir, RTI, and corporate segments. It provides mobile and fixed voice, broadband, Internet access, pay TV, cable and satellite television, digital, mobile application, e-commerce; and produces unbleached sack papers, paper sacks, birch plywood and sawn timber products, and pre-fabricated glulam houses. The company also retails children's goods through a network of 673 Detsky Mir chain stores, 66 ELC chain stores, and Internet stores; and children's, men's, and women's clothes and underwear, as well as home textiles under the Acoola, Concept Club, and Infinity Lingerie brand names through a network of 380 stores. In addition, it is involved in wheat, apple, tomato, cucumber, other grain and oil crops, and dairy farming activities; and provision of banking services for individuals and corporates. Further, the company operates healthcare facilities that offers prevention, diagnosis, treatment of diseases, and rehabilitation services for children and adults; develops, manufactures, and supplies radars, automated control systems and situation centers, communications systems, electronic and microelectronic devices, and unmanned aerial vehicles and on-board equipment; and develops and rents real estate properties. Additionally, it transmits and distributes electricity; operates hotels primarily under the Park Inn by Radisson and Holiday Inn Express brands; and develops and produces pulmonology, neurology, anti-viral, and immunomodulating drugs, as well as hepatitis B vaccine and infusion solutions. The company was founded in 1993 and is based in Moscow, Russia.

Details
Name: Sistema Public Joint Stock Financial Corporation
KO71
Exchange: DB
Founded: 1993
RUB2,066,160,922
9,438,845,952
Website: http://www.sistema.com
Address: Sistema Public Joint Stock Financial Corporation
Building 1,
13 Mokhovaya Street,
Moscow,
125009,
Russia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
MISX AFKS Common Shares Micex - Rts RU RUB 15. Sep 2005
LSE SSA GDR (EACH REPR 20 ORD RUB0.09)(REGS) London Stock Exchange GB USD 09. Feb 2005
OTCPK JSFC.F GDR (EACH REPR 20 ORD RUB0.09)(REGS) Pink Sheets LLC US USD 09. Feb 2005
DB KO71 GDR (EACH REPR 20 ORD RUB0.09)(REGS) Deutsche Boerse AG DE EUR 09. Feb 2005
WBAG SSA GDR (EACH REPR 20 ORD RUB0.09)(REGS) Wiener Boerse AG AT EUR 09. Feb 2005
BATS-CHIXE SSAL GDR (EACH REPR 20 ORD RUB0.09)(REGS) BATS 'Chi-X Europe' GB USD 09. Feb 2005
Number of employees
Current staff
Staff numbers
0
Sistema Financial employees.
Industry
Wireless Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 20:51
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/18
Last earnings filing: 2019/08/29
Last earnings reported: 2019/06/30
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.