Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Qiwi

Nasdaq:QIWI
Snowflake Description

Very undervalued with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
QIWI
Nasdaq
$729M
Market Cap
  1. Home
  2. US
  3. Software
Company description

Qiwi plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russia, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates, and internationally. The last earnings update was 15 days ago. More info.


Add to Portfolio Compare Print
  • Qiwi has significant price volatility in the past 3 months.
QIWI Share Price and Events
7 Day Returns
17.3%
NasdaqGS:QIWI
4.3%
US IT
2.4%
US Market
1 Year Returns
-16.9%
NasdaqGS:QIWI
-1.2%
US IT
-10%
US Market
QIWI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Qiwi (QIWI) 17.3% -21.5% -39.1% -16.9% -30.9% -57.7%
US IT 4.3% -10% -15.6% -1.2% 59.3% 77.7%
US Market 2.4% -11% -19.4% -10% 9.6% 21.1%
1 Year Return vs Industry and Market
  • QIWI underperformed the IT industry which returned -1.2% over the past year.
  • QIWI underperformed the Market in United States of America which returned -10% over the past year.
Price Volatility
QIWI
Industry
5yr Volatility vs Market
Related Companies

QIWI Value

 Is Qiwi 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 Qiwi 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 Qiwi.

NasdaqGS:QIWI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

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 NasdaqGS:QIWI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 9.3%
IT Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.934 (1 + (1- 12.5%) (9.93%))
1.01
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.01
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.01 * 9.25%)
11.08%

Discounted Cash Flow Calculation for NasdaqGS:QIWI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Qiwi 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.

NasdaqGS:QIWI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (RUB, Millions) Source Present Value
Discounted (@ 11.08%)
2020 9,474.00 Analyst x1 8,528.92
2021 9,493.50 Analyst x2 7,693.92
2022 12,378.50 Analyst x2 9,031.29
2023 10,955.00 Analyst x1 7,195.40
2024 13,405.00 Analyst x1 7,926.29
2025 14,312.09 Est @ 6.77% 7,618.45
2026 15,064.72 Est @ 5.26% 7,219.14
2027 15,697.91 Est @ 4.2% 6,772.16
2028 16,241.71 Est @ 3.46% 6,307.80
2029 16,720.34 Est @ 2.95% 5,845.90
Present value of next 10 years cash flows RUB74,139.00
NasdaqGS:QIWI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= RUB16,720.34 × (1 + 1.74%) ÷ (11.08% – 1.74%)
RUB182,116.26
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= RUB182,116.26 ÷ (1 + 11.08%)10
RUB63,672.99
NasdaqGS:QIWI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= RUB74,139.00 + RUB63,672.99
RUB137,811.99
Equity Value per Share
(RUB)
= Total value / Shares Outstanding
= RUB137,811.99 / 62.71
RUB2197.5
NasdaqGS:QIWI Discount to Share Price
Calculation Result
Exchange Rate RUB/USD
(Reporting currency to currency of NasdaqGS:QIWI)
0.013
Value per Share
(USD)
= Value per Share in RUB x Exchange Rate (RUB/USD)
= RUB2197.5 x 0.013
$29.12
Value per share (USD) From above. $29.12
Current discount Discount to share price of $11.62
= -1 x ($11.62 - $29.12) / $29.12
60.1%

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

Current Discount
Amount off the current price Qiwi is available for.
Intrinsic value
>50%
Share price is $11.62 vs Future cash flow value of $29.12
Current Discount Checks
For Qiwi to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Qiwi's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Qiwi'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 Qiwi's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Qiwi's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:QIWI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in RUB RUB78.20
NasdaqGS:QIWI Share Price ** NasdaqGS (2020-04-07) in USD $11.62
NasdaqGS:QIWI Share Price converted to RUB reporting currency Exchange rate (USD/ RUB) 75.457 RUB876.81
United States of America IT Industry PE Ratio Median Figure of 71 Publicly-Listed IT Companies 24.84x
United States of America Market PE Ratio Median Figure of 2,948 Publicly-Listed Companies 12.95x

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

** Primary Listing of Qiwi.

NasdaqGS:QIWI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:QIWI Share Price ÷ EPS (both in RUB)

= 876.81 ÷ 78.20

11.21x

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

  • Qiwi is good value based on earnings compared to the US IT industry average.
  • Qiwi is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Qiwi's expected growth come at a high price?
Raw Data
NasdaqGS:QIWI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.21x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
23.2%per year
United States of America IT Industry PEG Ratio Median Figure of 60 Publicly-Listed IT Companies 1.89x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.92x

*Line of best fit is calculated by linear regression .

NasdaqGS:QIWI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.21x ÷ 23.2%

0.48x

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

  • Qiwi is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Qiwi's assets?
Raw Data
NasdaqGS:QIWI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in RUB RUB436.38
NasdaqGS:QIWI Share Price * NasdaqGS (2020-04-07) in USD $11.62
NasdaqGS:QIWI Share Price converted to RUB reporting currency Exchange rate (USD/ RUB) 75.457 RUB876.81
United States of America IT Industry PB Ratio Median Figure of 116 Publicly-Listed IT Companies 2.88x
United States of America Market PB Ratio Median Figure of 5,162 Publicly-Listed Companies 1.26x
NasdaqGS:QIWI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:QIWI Share Price ÷ Book Value per Share (both in RUB)

= 876.81 ÷ 436.38

2.01x

* Primary Listing of Qiwi.

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

  • Qiwi is good value based on assets compared to the US IT industry average.
X
Value checks
We assess Qiwi'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 IT 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 IT industry average (and greater than 0)? (1 check)
  5. Qiwi has a total score of 6/6, 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.

QIWI Future Performance

 How is Qiwi expected to perform in the next 1 to 3 years based on estimates from 5 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
23.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Qiwi expected to grow at an attractive rate?
  • Qiwi's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Qiwi's earnings growth is expected to exceed the United States of America market average.
  • Qiwi's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:QIWI Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:QIWI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 23.2%
NasdaqGS:QIWI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -3.7%
United States of America IT Industry Earnings Growth Rate Market Cap Weighted Average 16.4%
United States of America IT Industry Revenue Growth Rate Market Cap Weighted Average 9.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*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
NasdaqGS:QIWI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in RUB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:QIWI Future Estimates Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 38,017 15,430 1
2023-12-31 34,413 12,788 13,460 1
2022-12-31 31,886 13,734 11,757 3
2021-12-31 28,589 15,117 10,572 5
2020-12-31 24,876 6,723 8,184 4
2020-04-08
NasdaqGS:QIWI Past Financials Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income *
2019-12-31 39,336 9,239 4,832
2019-09-30 37,927 13,890 5,042
2019-06-30 35,728 21,981 4,711
2019-03-31 33,154 20,950 3,968
2018-12-31 30,610 22,645 3,584
2018-09-30 27,694 12,891 3,147
2018-06-30 24,881 5,635 3,091
2018-03-31 22,679 4,221 3,232
2017-12-31 20,897 3,560 3,114
2017-09-30 19,424 4,874 2,523
2017-06-30 18,706 6,969 2,719
2017-03-31 18,332 7,314 2,575

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Qiwi's earnings are expected to grow significantly at over 20% yearly.
  • Qiwi's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
NasdaqGS:QIWI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Qiwi Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:QIWI Future Estimates Data
Date (Data in RUB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31 218.42 218.42 218.42 1.00
2022-12-31 192.41 213.29 169.87 3.00
2021-12-31 178.96 216.28 148.43 4.00
2020-12-31 130.84 141.45 120.23 2.00
2020-04-08
NasdaqGS:QIWI Past Financials Data
Date (Data in RUB Millions) EPS *
2019-12-31 78.20
2019-09-30 81.78
2019-06-30 76.60
2019-03-31 64.67
2018-12-31 58.56
2018-09-30 51.54
2018-06-30 50.72
2018-03-31 53.12
2017-12-31 51.25
2017-09-30 41.66
2017-06-30 44.88
2017-03-31 42.54

*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.
  • Qiwi is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Qiwi'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Qiwi has a total score of 4/6, 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.

QIWI Past Performance

  How has Qiwi 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 Qiwi's growth in the last year to its industry (IT).
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.
  • Qiwi's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Qiwi's 1-year earnings growth exceeds its 5-year average (34.8% vs -6.7%)
  • Qiwi's earnings growth has exceeded the US IT industry average in the past year (34.8% vs 13.7%).
Earnings and Revenue History
Qiwi'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 Qiwi Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:QIWI Past Revenue, Cash Flow and Net Income Data
Date (Data in RUB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 39,336.00 4,832.00 6,168.00
2019-09-30 37,927.00 5,042.00 9,391.00
2019-06-30 35,728.00 4,711.00 9,412.00
2019-03-31 33,154.00 3,968.00 9,323.00
2018-12-31 30,610.00 3,584.00 5,883.00
2018-09-30 27,694.00 3,147.00 8,213.00
2018-06-30 24,881.00 3,091.00 7,385.00
2018-03-31 22,679.00 3,232.00 6,682.00
2017-12-31 20,897.00 3,114.00 3,609.00
2017-09-30 19,424.00 2,523.00 5,094.00
2017-06-30 18,706.00 2,719.00 4,077.00
2017-03-31 18,332.00 2,575.00 3,722.00
2016-12-31 17,880.00 2,474.00 3,033.00
2016-09-30 17,845.97 3,887.41 3,401.41
2016-06-30 18,124.97 4,885.41 3,495.41
2016-03-31 17,905.97 4,591.41 3,606.41
2015-12-31 17,717.00 5,187.00 3,527.00
2015-09-30 17,007.65 5,943.90 3,602.48
2015-06-30 16,139.24 5,532.66 3,373.39
2015-03-31 15,430.74 5,627.94 3,217.27
2014-12-31 14,718.00 5,024.00 3,138.00
2014-09-30 13,848.72 3,505.29 2,445.39
2014-06-30 13,001.79 2,479.69 2,513.37
2014-03-31 12,392.82 2,212.23 2,726.13
2013-12-31 11,666.05 1,873.23 2,491.00
2013-09-30 10,979.63 1,644.11 2,420.09
2013-06-30 10,297.02 1,473.96 2,076.02

*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.
  • Qiwi has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Qiwi used its assets less efficiently than the US IT industry average last year based on Return on Assets.
  • Qiwi's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Qiwi'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 IT 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.
Qiwi 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.

QIWI Health

 How is Qiwi'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 Qiwi's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Qiwi is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Qiwi's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Qiwi'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.
  • Debt is covered by short term assets, assets are 15.1x 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 Qiwi Company Filings, last reported 3 months ago.

NasdaqGS:QIWI Past Debt and Equity Data
Date (Data in RUB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 27,437.00 4,105.00 43,237.00
2019-09-30 27,940.00 1,271.00 36,905.00
2019-06-30 27,699.00 1,553.00 39,684.00
2019-03-31 27,033.00 0.00 37,261.00
2018-12-31 25,706.00 1,391.00 42,398.00
2018-09-30 24,537.00 0.00 30,317.00
2018-06-30 23,219.00 0.00 21,914.00
2018-03-31 21,849.00 0.00 18,391.00
2017-12-31 21,157.00 1,390.00 19,110.00
2017-09-30 20,610.00 0.00 16,667.00
2017-06-30 20,457.00 0.00 17,605.00
2017-03-31 20,019.00 0.00 18,032.00
2016-12-31 19,969.00 1,207.00 20,769.00
2016-09-30 20,929.00 0.00 18,480.00
2016-06-30 20,724.00 0.00 16,830.00
2016-03-31 20,726.00 0.00 15,097.00
2015-12-31 22,436.00 1,482.00 20,701.00
2015-09-30 20,996.07 774.75 16,500.02
2015-06-30 18,926.77 993.89 15,075.12
2015-03-31 9,667.04 45.95 13,338.28
2014-12-31 8,334.37 59.46 19,212.85
2014-09-30 7,073.68 179.01 14,985.97
2014-06-30 5,889.12 146.22 13,425.64
2014-03-31 3,470.96 466.04 8,953.15
2013-12-31 2,703.86 205.96 13,272.20
2013-09-30 2,654.46 94.21 7,531.53
2013-06-30 2,643.51 102.44 7,165.25
  • Qiwi's level of debt (15%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.7% vs 15% today).
  • Debt is well covered by operating cash flow (225.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 129.1x coverage).
X
Financial health checks
We assess Qiwi'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. Qiwi has a total score of 5/6, 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.

QIWI Dividends

 What is Qiwi'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
7.57%
Current annual income from Qiwi dividends. Estimated to be 12.08% next year.
If you bought $2,000 of Qiwi 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?
  • Qiwi's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.93%).
  • Qiwi's dividend is above the markets top 25% of dividend payers in United States of America (5.46%).
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
NasdaqGS:QIWI 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 5 Analyst Estimates (S&P Global) See Below
United States of America IT Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1935 Stocks 2.9%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.9%
United States of America Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

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

NasdaqGS:QIWI Future Dividends Estimate Data
Date (Data in RUB) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31 157.28 1.00
2022-12-31 108.48 4.00
2021-12-31 115.96 6.00
2020-12-31 65.48 3.00
2020-04-08
NasdaqGS:QIWI Past Annualized Dividends Data
Date (Data in RUB) Dividend per share (annual) Avg. Yield (%)
2020-03-24 66.402 8.349
2019-11-25 68.392 6.344
2019-11-20 71.371 5.797
2019-08-19 70.966 5.367
2019-05-16 70.203 5.869
2019-03-28 0.000 0.000
2018-11-14 0.000 0.000
2018-08-16 0.000 0.000
2018-05-23 0.000 0.000
2018-03-28 0.000 0.000
2017-03-23 42.408 4.269
2016-11-22 50.399 6.452
2016-08-16 54.538 6.249
2016-05-18 55.265 6.985
2016-03-15 129.123 15.205
2015-11-10 0.000 0.000
2015-09-01 0.000 0.000
2015-06-04 53.382 3.634
2015-05-14 49.160 3.177
2015-03-12 0.000 0.000
2014-05-22 39.093 3.979
2014-03-12 43.959 3.920
2013-11-22 41.710 2.905
2013-08-27 40.556 3.462

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

  • Qiwi 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 Qiwi only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Qiwi's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Qiwi's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Qiwi afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Qiwi has a total score of 4/6, see the detailed checks below.


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

QIWI Management

 What is the CEO of Qiwi'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
Boris Kim
AGE 56
TENURE AS CEO 0.3 years
CEO Bio

Mr. Boris Kim serves as a Director of QIWI plc since May 2013 and served as Chairman of Board of Directors since June 2014 until January 15, 2020. Mr. Kim serves as Chief Executive Officer of QIWI plc since January 15, 2020. Mr. Kim is an entrepreneur with extensive experience in the payment services industry. He is also the Head of the payment networks and banking instruments committee at the Russian E-Market Participants National Association. He is one of the co-Founders of e-port payment system and served as its Chief Executive Officer from November 2004 until September 2007 and from September 2007 until February 2010 was an Advisor to the Chief Executive Officer of e-port. From October 1999 until October 2004, Mr. Kim was Advisor to the Chairman of the Board of the Banking and financial group Zerich. From September 1993 until January 1999 he was the Chairman of the Management Board of Chastny Bank. Mr. Kim was also the Executive Director of the Russian FinTech Association between 2016 and 2018. He holds a Candidate of Sciences Degree in Chemistry (Lomonosov Moscow State University, 1989). Mr. Kim graduated from Lomonosov Moscow State University in 1985 with a degree in chemistry, Russian Institute of Finance and Economics in 1996 with a degree in finance, Moscow State Law Academy in 2000 with a degree in law and Lomonosov Moscow State University in 2004 and in 2007 with a degree in psychology and a degree in philosophy respectively.

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

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

0.8
Average Tenure
42
Average Age
  • The average tenure for the Qiwi management team is less than 2 years, this suggests a new team.
Management Team

Varvara Kiseleva

TITLE
Interim CFO & Head of Investor Relations
AGE
29
TENURE
0.5 yrs

Andrey Protopopov

TITLE
Chief Executive Officer of Payment Services
AGE
37
TENURE
4.8 yrs

Sergey Solonin

TITLE
Executive Chairman
AGE
45
TENURE
0.3 yrs

Boris Kim

TITLE
CEO & Director
AGE
56
TENURE
0.3 yrs

Maria Shevchenko

TITLE
Deputy CEO & COO
AGE
42
TENURE
0.3 yrs

Yakov Barinskiy

TITLE
Investment Director

Kirill Ermakov

TITLE
Chief Technology Officer
TENURE
5.3 yrs

Maria Panferova

TITLE
General Counsel
AGE
40
TENURE
17 yrs

Alexander Agakov

TITLE
Head of Payment Services & Sales
AGE
46
TENURE
3.3 yrs

Elena Nikonova

TITLE
Deputy CFO of Financial Reporting
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Qiwi board of directors in years:

0.8
Average Tenure
47
Average Age
  • The average tenure for the Qiwi board of directors is less than 3 years, this suggests a new board.
Board of Directors

Sergey Solonin

TITLE
Executive Chairman
AGE
45
TENURE
0.3 yrs

Boris Kim

TITLE
CEO & Director
AGE
56
TENURE
6.9 yrs

Marcus Rhodes

TITLE
Independent Director
AGE
58
TENURE
6.9 yrs

Elena Titova

TITLE
Independent Director
AGE
52
TENURE
0.8 yrs

Alexander Karavaev

TITLE
Director
AGE
44
TENURE
0.8 yrs

Nadiya Cherkasova

TITLE
Director
AGE
47
TENURE
2.3 yrs

Alexey Marey

TITLE
Independent Director
AGE
42
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 Qiwi'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. Qiwi 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.

QIWI News

Simply Wall St News

Interested In Qiwi plc (NASDAQ:QIWI)? Here's What Its Recent Performance Looks Like

Assessing Qiwi plc's (NASDAQ:QIWI) past track record of performance is an insightful exercise for investors. … Today I will assess QIWI's recent performance announced on 30 September 2018 and evaluate these figures to its long-term trend and industry movements. … Furthermore, this one-year growth rate has exceeded its 5-year annual growth average of -0.7%, indicating the rate at which QIWI is growing has accelerated

Simply Wall St -

A Note On Qiwi plc's (NASDAQ:QIWI) ROE and Debt To Equity

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows Qiwi has a return on equity of 13% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Should Your Next Investment Tech Be In Qiwi plc (NASDAQ:QIWI)?

industry based in Cyprus … Whether it’s the next big thing in tech such as artificial intelligence and robotics, or an alliance with a partner in another industry, for example healthcare or manufacturing, tech companies have plenty of opportunities for their companies to thrive … However, more specifically in the IT service industry, tech analysts are forecasting

Simply Wall St -

How Qiwi plc's (NASDAQ:QIWI) Earnings Growth Stacks Up Against The Industry

Examining Qiwi plc's (NASDAQ:QIWI) past track record of performance is a useful exercise for investors. … Below, I will assess QIWI's latest performance announced on 31 March 2018 and weight these figures against its longer term trend and industry movements. … See our latest analysis for Qiwi?

Simply Wall St -

Who Are The Major Shareholders Of Qiwi plc (NASDAQ:QIWI)?

In this article, I will take a quick look at Qiwi plc’s (NASDAQ:QIWI) recent ownership structure – an unconventional investing subject, but an important one. … Ownership structure of a company has been found to affect share performance over time. … Therefore, it is beneficial for us to examine QIWI's ownership structure in more detail.

Simply Wall St -

Can Qiwi plc (NASDAQ:QIWI) Continue To Outperform Its Industry?

and want to better understand how you can grow your money by investing in Qiwi plc (NASDAQ:QIWI). … If QIWI borrows debt to invest in its business, its profits will be higher. … But ROE does not capture any debt, so we only see high profits and low equity, which is great on the surface

Simply Wall St -

Does Qiwi plc's (NASDAQ:QIWI) PE Ratio Warrant A Buy?

and want to better understand how you can grow your money by investing in Qiwi plc (NASDAQ:QIWI). … Qiwi plc (NASDAQ:QIWI) trades with a trailing P/E of 19x, which is lower than the industry average of 24.6x. … While this makes QIWI appear like a great stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio

Simply Wall St -

Brief Commentary On Qiwi plc's (NASDAQ:QIWI) Fundamentals

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Qiwi plc (NASDAQ:QIWI) due to its excellent fundamentals in more than one area. … QIWI

Simply Wall St -

Top Growth Stocks To Buy Today

QIWI’s projected future profit growth is a robust 21.99%, with an underlying triple-digit growth from its cash flow from operations expected over the upcoming years. … SOGO’s projected future profit growth is a robust 39.43%, with an underlying 82.72% growth from its revenues expected over the upcoming years. … NYSE:SOGO Future Profit May 25th 18 For more financially robust companies with high growth potential to enhance your portfolio, explore this interactive list of fast growing companies.

Simply Wall St -

Should You Buy Qiwi plc (NASDAQ:QIWI) Now?

According to my valuation model, Qiwi seems to be fairly priced at around 12.41% below my intrinsic value, which means if you buy Qiwi today, you’d be paying a reasonable price for it. … Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. … It seems like the market has already priced in QIWI’s positive outlook, with shares trading around its fair value.

Simply Wall St -

QIWI Company Info

Description

Qiwi plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russia, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates, and internationally. It operates through Payment Services, Consumer Financial Services, Small and Medium Enterprises, and Rocketbank segments. The company offers payment services across online, mobile, and physical channels through a network of approximately 110,000 kiosks and 34,000 terminals that run its proprietary software. It also provides Qiwi Wallet, which is an online and mobile payment processing, and money transfer system that allows customers to pay for the products and services of merchants, as well as perform peer-to-peer money transfers through a virtual wallet; and Visa-branded prepaid cards. In addition, the company offers payment-by installments card systems under the SOVEST brand name; and value added services. Further, it provides digital banking services to retail customers under the Rocketbank name; and to small and medium businesses under the Tochka name. Qiwi plc was incorporated in 2007 and is based in Nicosia, Cyprus.

Details
Name: Qiwi plc
QIWI
Exchange: NasdaqGS
Founded: 2007
$728,724,769
62,712,975
Website: http://www.qiwi.com
Address: Qiwi plc
Kennedy Business Centre,
2nd floor,
Nicosia,
1087,
Cyprus
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS QIWI SPON ADR REPR ORD CL'B'(RUB) Nasdaq Global Select US USD 03. May 2013
DB QIW SPON ADR REPR ORD CL'B'(RUB) Deutsche Boerse AG DE EUR 03. May 2013
MISX QIWI SPON ADR REPR ORD CL'B'(RUB) Micex - Rts RU RUB 03. May 2013
Number of employees
Current staff
Staff numbers
3,630
Qiwi employees.
Industry
Data Processing and Outsourced Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 07:29
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/07
Last earnings filing: 2020/03/24
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.