Company Valuation: Sberbank

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 5,825,614 6,611,559 2,993,478 2,993,478 2,993,478 2,853,127
Change - 13.49% -54.72% 0% 0% -4.69%
Enterprise Value (EV) 1 5,006,614 6,853,959 6,524,578 9,011,878 40,178 -1,536,173
Change - 36.9% -4.81% 38.12% -99.55% -3,923.41%
P/E 7.9x 5.16x 10.7x 1.93x 1.85x 1.71x
PBR 1.25x 1.2x 0.5x 0.44x 0.41x 0.35x
PEG - 0.1x -0.1x 0x 0.44x 0.21x
Capitalization / Revenue 3.24x 2.72x 1.76x 0.98x 0.92x 0.76x
EV / Revenue 2.79x 2.82x 3.84x 2.94x 0.01x -0.41x
EV / EBITDA - - - - - -
EV / EBIT - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 18.7 - 25 33.3 34.8 37.64
Rate of return 6.9% - 18.8% 25% 26.1% 28.2%
EPS 2 34.3 56.88 12.4 69.06 71.94 77.76
Distribution rate 54.5% - 202% 48.2% 48.4% 48.4%
Net sales 1 1,796,100 2,430,500 1,699,900 3,061,000 3,263,700 3,758,400
EBITDA - - - - - -
EBIT - - - - - -
Net income 1 761,100 1,250,700 275,100 1,511,800 1,581,600 1,707,400
Net Debt 1 -819,000 242,400 3,531,100 6,018,400 -2,953,300 -4,389,300
Reference price 2 271.10 293.62 133.30 133.30 133.30 133.30
Nbr of stocks (in thousands) 21,488,800 22,517,400 22,456,700 22,456,700 22,456,700 21,403,800
Announcement Date 3/5/21 3/5/22 3/9/23 2/27/24 2/26/25 2/25/26
1RUB in Million2RUB
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.92x - - 1.79% 935B
13.25x - - 1.91% 435B
6.27x - - 4.94% 402B
13.14x - - 3.96% 364B
6.02x - - 5.07% 316B
18.47x - - 2.31% 291B
6.31x - - 4.99% 273B
11.88x - - 2.21% 261B
14.54x - - 2.72% 252B
Average 11.53x 3.32% 392.14B
Weighted average by Cap. 11.86x 3.07%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA