By Helgi Analytics - November 05, 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 - November 05, 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 - November 05, 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 |
| Fee Income (As % Of Revenues) | % | 11.9 | 16.9 | 20.1 |
| 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 - November 05, 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 - November 05, 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 - November 05, 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 - November 05, 2019
Tinkoff Group's Equity reached 14.8% of total assets in the 2Q2019, down from 16.6% for the previous year. As a share of net customer loans, the ratio amounted to 22.3% at the end of the second quarter of 2019. ...
By Helgi Analytics - November 05, 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 - November 05, 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 - November 05, 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 - November 05, 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 - November 05, 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 - November 05, 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...
Tinkoff Group has been growing its revenues and asset by 0% and 0% a year on average in the last 10 years. Its loans and deposits have grown by 0% and 0% 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 nan% 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.
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