By Helgi Analytics - October 24, 2019
Tinkoff Group made a net profit of RUB 7.10 bil under revenues of RUB 31.1 bil in the second quarter of 2019, up 28.7% and 45...
By Helgi Analytics - October 24, 2019
Tinkoff Group's loans reached RUB 347 bil in the second quarter of 2019, up from RUB 296 bil when compared to the previous q...
By Helgi Analytics - October 24, 2019
Tinkoff Group generated total banking revenues of RUB 31.1 bil in the second quarter of 2019, up 45.9% when compared to the same ...
Profit Statement | 2016 | 2017 | 2018 | |
Net Interest Income | RUB bil | 34.0 | 46.1 | 59.2 |
Net Fee Income | RUB bil | 4.89 | 9.91 | 16.7 |
Other Income | RUB bil | 2.02 | 2.54 | 7.26 |
Total Revenues | RUB bil | 40.9 | 58.5 | 83.1 |
Staff Cost | RUB bil | 10.1 | 15.4 | 21.1 |
Operating Profit | RUB bil | 23.0 | 32.6 | 47.0 |
Provisions | RUB bil | 8.39 | 7.61 | 11.8 |
Net Profit | RUB bil | 11.0 | 19.0 | 27.1 |
Balance Sheet | 2016 | 2017 | 2018 | |
Interbank Loans | RUB bil | 0.347 | 0.777 | 0.776 |
Customer Loans | RUB bil | 103 | 140 | 298 |
Debt Securities | RUB bil | 33.3 | 71.7 | 100 |
Total Assets | RUB bil | 175 | 269 | 375 |
Shareholders' Equity | RUB bil | 29.5 | 41.9 | 42.0 |
Interbank Borrowing | RUB bil | 0.489 | 0.595 | 2.71 |
Customer Deposits | RUB bil | 125 | 179 | 281 |
Issued Debt Securities | RUB bil | 14.5 | 32.8 | 30.2 |
Ratios | 2016 | 2017 | 2018 | |
ROE | % | 42.0 | 53.2 | 64.5 |
ROA | % | 6.99 | 8.56 | 8.41 |
Costs (As % Of Assets) | % | 11.4 | 11.7 | 11.2 |
Costs (As % Of Income) | % | 43.9 | 44.3 | 43.4 |
Net Interest Margin | % | 21.6 | 20.7 | 18.4 |
Loans (As % Of Deposits) | % | 82.6 | 78.3 | 106 |
NPLs (As % Of Loans) | % | 10.2 | 8.82 | 11.1 |
Provisions (As % Of NPLs) | % | 142 | 126 | 139 |
Valuation | 2016 | 2017 | 2018 | |
Market Capitalisation (End Of Period) | USD mil | 1,888 | 3,433 | 2,826 |
Share Price (End Of Period) | RUB | 640 | 1,086 | 1,081 |
Price/Earnings (P/E) | 11.4 | 10.7 | 6.63 | |
Price/Book Value (P/BV) | 3.88 | 4.72 | 4.67 | |
Earnings Per Share (EPS) | RUB | 0.062 | 0.104 | 0.149 |
Book Value Per Share | RUB | 0.165 | 0.230 | 0.231 |
Get all company financials in excel:
summary | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
income statement | |||||||||||||
Net Interest Income | RUB bil | ... | ... | 15.5 | 26.9 | 30.8 | 24.6 | 34.0 | |||||
Total Revenues | RUB bil | ... | ... | 15.2 | 26.9 | 29.9 | 28.2 | 40.9 | |||||
Operating Profit | RUB bil | ... | ... | 8.77 | 17.3 | 20.7 | 17.3 | 23.0 | |||||
Net Profit | RUB bil | 3.79 | 5.75 | 3.40 | 1.85 | 11.0 | |||||||
balance sheet | |||||||||||||
Interbank Loans | RUB bil | ... | ... | 0 | 0 | ... | 0.726 | 0.347 | |||||
Customer Loans | RUB bil | ... | ... | 47.8 | 74.0 | 74.6 | 82.1 | 103 | |||||
Debt Securities | RUB bil | ... | ... | 0 | 0 | 6.68 | 15.9 | 33.3 | |||||
Total Assets | RUB bil | ... | ... | 66.0 | 99.0 | 109 | 140 | 175 | |||||
Shareholders' Equity | RUB bil | 9.06 | 20.6 | 21.0 | 22.9 | 29.5 | |||||||
Interbank Borrowing | RUB bil | ... | ... | 0.514 | 0 | 10.3 | 6.39 | 0.489 | |||||
Customer Deposits | RUB bil | ... | ... | 26.7 | 43.2 | 43.4 | 89.3 | 125 | |||||
Issued Debt Securities | RUB bil | ... | ... | 26.9 | 32.7 | 30.7 | 16.5 | 14.5 | |||||
ratios | |||||||||||||
ROE | % | 59.1 | 38.9 | 16.4 | 8.43 | 42.0 | |||||||
ROA | % | ... | ... | 7.95 | 6.98 | 3.27 | 1.49 | 6.99 | |||||
Costs (As % Of Assets) | % | ... | ... | 13.5 | 11.7 | 8.84 | 8.81 | 11.4 | |||||
Costs (As % Of Income) | % | ... | ... | 42.4 | 35.7 | 30.7 | 38.8 | 43.9 | |||||
Net Interest Margin | % | ... | ... | 32.6 | 32.6 | 29.6 | 19.8 | 21.6 | |||||
Interest Income (As % Of Revenues) | % | ... | ... | 102 | 99.7 | 103 | 87.2 | 83.1 | |||||
Fee Income (As % Of Revenues) | % | ... | ... | -1.51 | -1.49 | -2.27 | 9.98 | 11.9 | |||||
Staff Cost (As % Of Total Cost) | % | ... | ... | 33.1 | 49.8 | 53.0 | 57.5 | 56.4 | |||||
Equity (As % Of Assets) | % | ... | ... | 13.7 | 20.8 | 19.3 | 16.4 | 16.8 | |||||
Loans (As % Of Deposits) | % | ... | ... | 179 | 171 | 172 | 91.9 | 82.6 | |||||
Loans (As % Assets) | % | ... | ... | 72.4 | 74.7 | 68.5 | 58.8 | 58.7 | |||||
NPLs (As % Of Loans) | % | ... | ... | 4.68 | 7.02 | 14.5 | 12.3 | 10.2 | |||||
Provisions (As % Of NPLs) | % | ... | ... | 173 | 161 | 142 | 153 | 142 | |||||
valuation | |||||||||||||
Market Capitalisation (End Of Period) | USD mil | ... | ... | ... | ... | ... | ... | 2,826 | 574 | 545 | 1,888 | ||
Number Of Shares (Average) | mil | ... | ... | ... | ... | ... | ... | 180 | 180 | 179 | 179 | ||
Share Price (End Of Period) | RUB | ... | ... | ... | ... | ... | ... | 516 | 194 | 222 | 640 | ||
Earnings Per Share (EPS) | RUB | ... | ... | ... | ... | ... | ... | 0.032 | 0.019 | 0.010 | 0.062 | ||
Book Value Per Share | RUB | ... | ... | ... | ... | ... | ... | 0.114 | 0.116 | 0.128 | 0.165 | ||
Price/Earnings (P/E) | ... | ... | ... | ... | ... | ... | 15.6 | 7.90 | 19.7 | 11.4 | |||
Price/Book Value (P/BV) | ... | ... | ... | ... | ... | ... | 4.52 | 1.66 | 1.73 | 3.88 | |||
Earnings Per Share Growth | % | ... | ... | ... | ... | ... | ... | ... | -40.9 | -45.2 | 494 | ||
Book Value Per Share Growth | % | ... | ... | ... | ... | ... | ... | ... | 2.03 | 10.3 | 28.5 |
income statement | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
income statement | |||||||||||||
Interest Income | RUB bil | ... | ... | 20.4 | 35.0 | 39.1 | 37.6 | 47.8 | |||||
Interest Cost | RUB bil | ... | ... | 4.90 | 8.18 | 8.26 | 13.0 | 13.8 | |||||
Net Interest Income | RUB bil | ... | ... | 15.5 | 26.9 | 30.8 | 24.6 | 34.0 | |||||
Net Fee Income | RUB bil | ... | ... | -0.230 | -0.400 | -0.679 | 2.81 | 4.89 | |||||
Other Income | RUB bil | ... | ... | -0.080 | 0.482 | -0.198 | 0.793 | 2.02 | |||||
Total Revenues | RUB bil | ... | ... | 15.2 | 26.9 | 29.9 | 28.2 | 40.9 | |||||
Staff Cost | RUB bil | ... | ... | 2.13 | 4.79 | 4.87 | 6.29 | 10.1 | |||||
Depreciation | RUB bil | ... | ... | 0.261 | 0.385 | 0.447 | 0.412 | 0.515 | |||||
Other Cost | RUB bil | ... | ... | 4.06 | 4.45 | 3.87 | 4.24 | 7.33 | |||||
Operating Cost | RUB bil | ... | ... | 6.45 | 9.62 | 9.19 | 10.9 | 18.0 | |||||
Operating Profit | RUB bil | ... | ... | 8.77 | 17.3 | 20.7 | 17.3 | 23.0 | |||||
Provisions | RUB bil | ... | ... | 3.86 | 9.80 | 15.8 | 14.7 | 8.39 | |||||
Extra and Other Cost | RUB bil | ... | ... | 0 | 0 | 0 | 0 | 0 | |||||
Pre-Tax Profit | RUB bil | ... | ... | 4.91 | 7.52 | 4.89 | 2.57 | 14.6 | |||||
Tax | RUB bil | ... | ... | 1.12 | 1.77 | 1.49 | 0.715 | 3.55 | |||||
Minorities | RUB bil | ... | ... | 0 | 0 | 0 | 0 | 0 | |||||
Net Profit | RUB bil | 3.79 | 5.75 | 3.40 | 1.85 | 11.0 | |||||||
growth rates | |||||||||||||
Net Interest Income Growth | % | ... | ... | ... | 108 | 72.9 | 14.7 | -20.1 | 38.3 | ||||
Net Fee Income Growth | % | ... | ... | ... | 23.8 | 73.8 | 69.6 | -514 | 73.7 | ||||
Total Revenue Growth | % | ... | ... | ... | 103 | 76.9 | 11.1 | -5.74 | 45.1 | ||||
Operating Cost Growth | % | ... | ... | ... | 76.8 | 49.1 | -4.51 | 19.1 | 64.3 | ||||
Operating Profit Growth | % | ... | ... | ... | 76.8 | 49.1 | 116 | -16.7 | 33.0 | ||||
Pre-Tax Profit Growth | % | ... | ... | ... | 88.3 | 53.2 | -34.9 | -47.6 | 468 | ||||
Net Profit Growth | % | ... | 88.6 | 51.8 | -40.9 | -45.6 | 495 | ||||||
market share | |||||||||||||
Market Share in Revenues | % | ... | ... | < 0.001 | < 0.001 | < 0.001 | < 0.001 | < 0.001 | ... | ||||
Market Share in Net Profit | % | ... | ... | < 0.001 | < 0.001 | < 0.001 | 0.002 | 0.002 | ... |
balance sheet | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
balance sheet | |||||||||||||
Cash | RUB bil | ... | ... | 14.6 | 19.8 | 11.4 | 14.4 | 17.4 | |||||
Interbank Loans | RUB bil | ... | ... | 0 | 0 | ... | 0.726 | 0.347 | |||||
Customer Loans | RUB bil | ... | ... | 47.8 | 74.0 | 74.6 | 82.1 | 103 | |||||
Retail Loans | RUB bil | ... | ... | 47.8 | 74.0 | 74.6 | 82.1 | 103 | |||||
Mortgage Loans | RUB bil | ... | ... | 0 | 0 | 0 | 0 | 0 | |||||
Consumer Loans | RUB bil | ... | ... | 47.8 | 74.0 | 74.6 | 82.1 | 103 | |||||
Corporate Loans | RUB bil | ... | ... | 0 | 0 | 0 | 0 | 0 | |||||
Debt Securities | RUB bil | ... | ... | 0 | 0 | 6.68 | 15.9 | 33.3 | |||||
Fixed Assets | RUB bil | ... | ... | 0.954 | 1.14 | 1.67 | 3.47 | 6.48 | |||||
Total Assets | RUB bil | ... | ... | 66.0 | 99.0 | 109 | 140 | 175 | |||||
Shareholders' Equity | RUB bil | 9.06 | 20.6 | 21.0 | 22.9 | 29.5 | |||||||
Of Which Minority Interest | RUB bil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
Liabilities | RUB bil | ... | ... | 57.0 | 78.4 | 87.8 | 117 | 146 | |||||
Interbank Borrowing | RUB bil | ... | ... | 0.514 | 0 | 10.3 | 6.39 | 0.489 | |||||
Customer Deposits | RUB bil | ... | ... | 26.7 | 43.2 | 43.4 | 89.3 | 125 | |||||
Retail Deposits | RUB bil | ... | ... | 25.8 | 41.6 | 41.3 | 88.5 | 119 | |||||
Corporate Deposits | RUB bil | ... | ... | 0.917 | 1.60 | 2.07 | 0.893 | 5.81 | |||||
Issued Debt Securities | RUB bil | ... | ... | 26.9 | 32.7 | 30.7 | 16.5 | 14.5 | |||||
Other Liabilities | RUB bil | ... | ... | 2.85 | 2.52 | 3.47 | 4.46 | 6.31 | |||||
asset quality | |||||||||||||
Non-Performing Loans | RUB bil | ... | ... | 2.45 | 5.85 | 13.6 | 12.5 | 12.3 | |||||
Gross Loans | RUB bil | ... | ... | 52.3 | 83.4 | 93.9 | 101 | 120 | |||||
Total Provisions | RUB bil | ... | ... | 4.24 | 9.41 | 19.3 | 19.0 | 17.5 | |||||
growth rates | |||||||||||||
Customer Loan Growth | % | ... | ... | ... | 124 | 54.8 | 0.836 | 10.0 | 25.4 | ||||
Retail Loan Growth | % | ... | ... | ... | 124 | 54.8 | 0.836 | 10.0 | 25.4 | ||||
Consumer Loan Growth | % | ... | ... | ... | 124 | 54.8 | 0.836 | 10.0 | 25.4 | ||||
Total Asset Growth | % | ... | ... | ... | 125 | 50.0 | 9.91 | 28.3 | 25.6 | ||||
Shareholders' Equity Growth | % | ... | 141 | 127 | 2.03 | 9.43 | 28.6 | ||||||
Customer Deposit Growth | % | ... | ... | ... | 130 | 62.0 | 0.370 | 106 | 39.4 | ||||
Retail Deposit Growth | % | ... | ... | ... | 126 | 61.6 | -0.765 | 114 | 34.3 | ||||
Corporate Deposit Growth | % | ... | ... | ... | 315 | 74.0 | 29.9 | -57.0 | 551 | ||||
market share | |||||||||||||
Market Share in Customer Loans | % | ... | ... | 0.160 | 0.208 | 0.164 | 0.167 | 0.220 | |||||
Market Share in Corporate Loans | % | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | ... | |||
Market Share in Retail Loans | % | ... | ... | 0.835 | 1.01 | 0.956 | 1.22 | 1.63 | ... | ||||
Market Share in Consumer Loans | % | ... | ... | 0.619 | 0.743 | 0.658 | 0.768 | 0.953 | ... | ||||
Market Share in Mortgage Loans | % | ... | ... | 0 | 0 | 0 | 0 | 0 | ... | ||||
Market Share in Total Assets | % | ... | ... | 0.142 | 0.183 | 0.149 | 0.181 | 0.237 | |||||
Market Share in Customer Deposits | % | ... | ... | 0.130 | 0.181 | 0.138 | 0.239 | 0.354 | |||||
Market Share in Retail Deposits | % | ... | ... | 0.181 | 0.245 | 0.223 | 0.381 | 0.491 | ... | ||||
Market Share in Corporate Deposits | % | ... | ... | 0.010 | 0.015 | 0.012 | 0.005 | 0.035 | ... |
ratios | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
ratios | |||||||||||||
ROE | % | 59.1 | 38.9 | 16.4 | 8.43 | 42.0 | |||||||
ROA | % | ... | ... | 7.95 | 6.98 | 3.27 | 1.49 | 6.99 | |||||
Costs (As % Of Assets) | % | ... | ... | 13.5 | 11.7 | 8.84 | 8.81 | 11.4 | |||||
Costs (As % Of Income) | % | ... | ... | 42.4 | 35.7 | 30.7 | 38.8 | 43.9 | |||||
Net Interest Margin | % | ... | ... | 32.6 | 32.6 | 29.6 | 19.8 | 21.6 | |||||
Interest Spread | % | ... | ... | ... | 31.0 | 30.4 | 27.7 | 17.6 | 19.9 | ||||
Asset Yield | % | ... | ... | 42.8 | 42.5 | 37.6 | 30.2 | 30.4 | |||||
Cost Of Liabilities | % | ... | ... | ... | 11.9 | 12.1 | 9.94 | 12.7 | 10.5 | ||||
Interest Income (As % Of Revenues) | % | ... | ... | 102 | 99.7 | 103 | 87.2 | 83.1 | |||||
Fee Income (As % Of Revenues) | % | ... | ... | -1.51 | -1.49 | -2.27 | 9.98 | 11.9 | |||||
Other Income (As % Of Revenues) | % | ... | ... | -0.526 | 1.79 | -0.663 | 2.81 | 4.93 | |||||
Staff Cost (As % Of Total Cost) | % | ... | ... | 33.1 | 49.8 | 53.0 | 57.5 | 56.4 | |||||
Equity (As % Of Assets) | % | ... | ... | 13.7 | 20.8 | 19.3 | 16.4 | 16.8 | |||||
Loans (As % Of Deposits) | % | ... | ... | 179 | 171 | 172 | 91.9 | 82.6 | |||||
Loans (As % Assets) | % | ... | ... | 72.4 | 74.7 | 68.5 | 58.8 | 58.7 | |||||
NPLs (As % Of Loans) | % | ... | ... | 4.68 | 7.02 | 14.5 | 12.3 | 10.2 | |||||
Provisions (As % Of NPLs) | % | ... | ... | 173 | 161 | 142 | 153 | 142 | |||||
Provisions (As % Of Loans) | % | ... | ... | 8.87 | 12.7 | 25.9 | 23.2 | 17.0 | |||||
Cost of Provisions (As % Of Loans) | % | ... | ... | 11.2 | 16.1 | 21.3 | 18.8 | 9.07 |
Get all company financials in excel:
By Helgi Analytics - October 24, 2019
Tinkoff Group's net interest margin amounted to 20.0% in the second quarter of 2019, up from 18.2% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 22.6% in 4Q2016 and an all time low of 17....
By Helgi Analytics - October 24, 2019
Tinkoff Group's capital adequacy ratio reached 11.2% at the end of second quarter of 2019, up from when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 16.4% in 2Q2018 and an all time low of 11.2% in 2Q2019. T...
By Helgi Analytics - October 24, 2019
Tinkoff Group's Equity reached 22.8% of total assets in the 2Q2019, up from 19.5% for the previous year. As a share of net customer loans, the ratio amounted to 29.6% at the end of the second quarter of 2019. ...
By Helgi Analytics - October 24, 2019
Tinkoff Group's customer loan growth reached 82.2% in 2019-06-30, up from 35.5% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 82.2% in 2019-06-30 and an all time low of 26.2% in 2017-03-31. In the last de...
By Helgi Analytics - October 19, 2019
Tinkoff Group's customer loans reached RUB 298 bil in 2018, up 113% compared to the previous year. Russian banking sector provided customer loans of RUB 56,000 bil in 2018, up 15.4% when compared to the last year. Tinkoff Group accounted for 0.533% of all...
By Helgi Analytics - October 19, 2019
Tinkoff Group's customer deposits reached RUB 281 bil in 2018, up 56.9% compared to the previous year. Russian banking sector accepted customer deposits of RUB 42,000 bil in 2018, up 12.1% when compared to the last year. Tinkoff Group accounted for 0.669%...
By Helgi Analytics - October 19, 2019
Tinkoff Group stock traded at RUB 1,081 per share at the end 2018 implying a market capitalization of USD 2,826 mil. Since the end of 2013, the stock has appreciated by 109 % implying an annual average growth of 15.9 %. In absolute terms, the value of the company ...
By Helgi Analytics - July 4, 2019
Tinkoff Group's net interest margin amounted to 18.4% in 2018, down from 20.7% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 35.7% in 2011 and an all time low of 18.4% in 2018. The average margin...
By Helgi Analytics - August 20, 2019
Tinkoff Group generated total banking revenues of RUB 83.1 bil in 2018, up 42.1% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of RUB 83.1 bil in 2018 and an a...
By Helgi Analytics - August 20, 2019
Tinkoff Group made a net profit of RUB 27.1 bil under revenues of RUB 83.1 bil in 2018, up 42.4% and 42.1% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of RUB 27.1 bil in 2018 and an all time low of RUB 0.27...
Tinkoff Group has been growing its revenues and asset by % and % a year on average in the last 10 years. Its loans and deposits have grown by % and % a year during that time and loans to deposits ratio reached 106% at the end of 2018. The company achieved an average return on equity of 38.5% in the last decade with net profit growing % a year on average. In terms of operating efficiency, its cost to income ratio reached 43.4% in 2018, compared to 42.5% average in the last decade.
Equity represented 11.2% of total assets or 14.1% of loans at the end of 2018. Tinkoff Group's non-performing loans were 11.1% of total loans while provisions covered some 139% of NPLs at the end of 2018.
Tinkoff Group stock traded at RUB 1,081 per share at the end of 2018 resulting in a market capitalization of USD 2,826 mil. Over the previous five years, stock price rose by 109% or 15.9% a year on average. That’s compared to an average ROE of 36.9% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 6.63x and price to book value (PBV) of 4.67x in 2018.