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QIWI PLC-SPONSORED ADR (QIWI) Stock Fundamental Analysis

NASDAQ:QIWI - Nasdaq - US74735M1080 - ADR - Currency: USD

5.67  +0.51 (+9.88%)

Premarket: 4.94 -0.73 (-12.87%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to QIWI. QIWI was compared to 82 industry peers in the IT Services industry. Both the profitability and financial health of QIWI have multiple concerns. QIWI is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

In the past year QIWI was profitable.
QIWI Yearly Net Income VS EBIT VS OCF VS FCFQIWI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 0 5B 10B 15B 20B

1.2 Ratios

Industry RankSector Rank
ROA 20.1%
ROE 38.31%
ROIC N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
QIWI Yearly ROA, ROE, ROICQIWI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 5 10 15 20 25

1.3 Margins

Industry RankSector Rank
OM 30.6%
PM (TTM) 36.89%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
QIWI Yearly Profit, Operating, Gross MarginsQIWI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 20 40 60

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3

2. Health

2.1 Basic Checks

The number of shares outstanding for QIWI remains at a similar level compared to 1 year ago.
Compared to 1 year ago, QIWI has an improved debt to assets ratio.
QIWI Yearly Shares OutstandingQIWI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 20M 40M 60M
QIWI Yearly Total Debt VS Total AssetsQIWI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 20B 40B 60B 80B

2.2 Solvency

An Altman-Z score of 2.82 indicates that QIWI is not a great score, but indicates only limited risk for bankruptcy at the moment.
QIWI has a Debt/Equity ratio of 0.13. This is a healthy value indicating a solid balance between debt and equity.
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF N/A
Altman-Z 2.82
ROIC/WACCN/A
WACCN/A
QIWI Yearly LT Debt VS Equity VS FCFQIWI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 0 10B 20B 30B

2.3 Liquidity

QIWI has a Current Ratio of 2.17. This indicates that QIWI is financially healthy and has no problem in meeting its short term obligations.
QIWI has a Quick Ratio of 2.17. This indicates that QIWI is financially healthy and has no problem in meeting its short term obligations.
Industry RankSector Rank
Current Ratio 2.17
Quick Ratio 2.17
QIWI Yearly Current Assets VS Current LiabilitesQIWI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 20B 40B 60B

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4

3. Growth

3.1 Past

QIWI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.43%, which is quite good.
QIWI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 18.17% yearly.
QIWI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.33%.
The Revenue has been growing by 18.05% on average over the past years. This is quite good.
EPS 1Y (TTM)11.43%
EPS 3Y35.54%
EPS 5Y18.17%
EPS Q2Q%-17.47%
Revenue 1Y (TTM)14.33%
Revenue growth 3Y24.8%
Revenue growth 5Y18.05%
Sales Q2Q%8.43%

3.2 Future

The Earnings Per Share is expected to decrease by -2.57% on average over the next years.
The Revenue is expected to grow by 1.09% on average over the next years.
EPS Next Y-22.21%
EPS Next 2Y-12.29%
EPS Next 3Y-5.88%
EPS Next 5Y-2.57%
Revenue Next Year-8.23%
Revenue Next 2Y-4.8%
Revenue Next 3Y-0.24%
Revenue Next 5Y1.09%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
QIWI Yearly Revenue VS EstimatesQIWI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B
QIWI Yearly EPS VS EstimatesQIWI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50 100 150

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3

4. Valuation

4.1 Price/Earnings Ratio

QIWI is valuated cheaply with a Price/Earnings ratio of 2.92.
The average S&P500 Price/Earnings ratio is at 27.11. QIWI is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 3.68, which indicates a rather cheap valuation of QIWI.
The average S&P500 Price/Forward Earnings ratio is at 35.78. QIWI is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 2.92
Fwd PE 3.68
QIWI Price Earnings VS Forward Price EarningsQIWI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA -0.91
QIWI Per share dataQIWI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

4.3 Compensation for Growth

QIWI's earnings are expected to decrease with -5.88% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.16
EPS Next 2Y-12.29%
EPS Next 3Y-5.88%

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5

5. Dividend

5.1 Amount

QIWI has a Yearly Dividend Yield of 19.93%, which is a nice return.
In the last 3 months the price of QIWI has falen by -31.93%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average S&P500 Dividend Yield of 2.39, QIWI pays a better dividend.
Industry RankSector Rank
Dividend Yield 19.93%

5.2 History

QIWI has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)N/A
Div Incr YearsN/A
Div Non Decr YearsN/A
QIWI Yearly Dividends per shareQIWI Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2019 2020 2021 0.2 0.4 0.6 0.8 1

5.3 Sustainability

34.39% of the earnings are spent on dividend by QIWI. This is a low number and sustainable payout ratio.
DP34.39%
EPS Next 2Y-12.29%
EPS Next 3Y-5.88%
QIWI Yearly Income VS Free CF VS DividendQIWI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 0 5B 10B 15B 20B
QIWI Dividend Payout.QIWI Dividend Payout, showing the Payout Ratio.QIWI Dividend Payout.PayoutRetained Earnings

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QIWI PLC-SPONSORED ADR

NASDAQ:QIWI (2/25/2022, 8:06:30 PM)

Premarket: 4.94 -0.73 (-12.87%)

5.67

+0.51 (+9.88%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)N/A N/A
Earnings (Next)04-12 2022-04-12/bmo
Inst Owners0.38%
Inst Owner Change0%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap353.98M
Analysts72.86
Price Target12.5 (120.46%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 19.93%
Yearly Dividend0.72
Dividend Growth(5Y)N/A
DP34.39%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 2.92
Fwd PE 3.68
P/S 0.68
P/FCF N/A
P/OCF N/A
P/B 0.71
P/tB N/A
EV/EBITDA -0.91
EPS(TTM)1.94
EY34.22%
EPS(NY)1.54
Fwd EY27.15%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS8.3
BVpS7.99
TBVpSN/A
PEG (NY)N/A
PEG (5Y)0.16
Profitability
Industry RankSector Rank
ROA 20.1%
ROE 38.31%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM 30.6%
PM (TTM) 36.89%
GM N/A
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y0%
ROICexcg growth 5Y0%
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.54
Health
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.17
Quick Ratio 2.17
Altman-Z 2.82
F-Score4
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)11.43%
EPS 3Y35.54%
EPS 5Y18.17%
EPS Q2Q%-17.47%
EPS Next Y-22.21%
EPS Next 2Y-12.29%
EPS Next 3Y-5.88%
EPS Next 5Y-2.57%
Revenue 1Y (TTM)14.33%
Revenue growth 3Y24.8%
Revenue growth 5Y18.05%
Sales Q2Q%8.43%
Revenue Next Year-8.23%
Revenue Next 2Y-4.8%
Revenue Next 3Y-0.24%
Revenue Next 5Y1.09%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1YN/A
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1YN/A
OCF growth 3YN/A
OCF growth 5YN/A