Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Apple Inc.    AAPL

APPLE INC.

(AAPL)
  Report
Delayed Quote. Delayed Nasdaq - 01/25 04:00:00 pm
142.92 USD   +2.77%
04:23pStimulus jitters dent Wall St's early gains; Nasdaq, S&P at records
RE
04:20pNasdaq, S&P 500 Finish at Records
DJ
04:13pA bumpy day on Wall Street ends with stock indexes mixed
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Exclusive: Russia's Sberbank targets half of revenue from non-banking by 2030 - sources

11/27/2020 | 11:22am EST
FILE PHOTO: St. Petersburg International Economic Forum

MOSCOW (Reuters) - Sberbank expects its non-banking business to reach 5% of its revenues in 2023 and as much as half of its total in a decade, as it focuses on e-commerce and other online ventures, two sources told Reuters.

Russia's largest lender has invested some $2 billion on acquisitions and IT as it attempts to join Apple and Google on the big tech stage.

Sberbank plans to tell investors on Nov. 30 that non-banking, or ecosystem as it calls the business, will account for 5% of its total revenue in 2023 and grow to nearly a half of its total by 2030, two sources close to its supervisory board said.

The bank's return-on-equity (RoE), one of key measures of profitability, is forecast at 17% in 2023, one of the two sources said. A third source, also close to Sberbank's supervisory board, confirmed this forecast.

The sources did not say why the RoE target is smaller than the third quarter's 22.8%.

Sberbank, in which the Russian state owns a stake of 50% plus one share, declined to comment.

Non-banking, which includes Sberbank's joint venture with internet company Mail.Ru, the Rambler media group and Okko online cinema along with some other assets, currently accounts for around 1% of its revenue, with the rest from its core financial business.

Sberbank's ambitions were dealt a blow this year when its partnership with Russia's leading internet firm Yandex, its first major e-commerce push and part of its ecosystem strategy, collapsed over strategy disagreements.

Sberbank was also in talks to buy a large minority stake in online retailer Ozon, Russia's second biggest, but the deal also fell apart amid disagreements, sources told Reuters earlier this year.

Ozon has instead raised nearly $1 billion this month in what turned out to be the largest initial public (IPO) offering by a Russian company since 2017.

(Reporting by Tatiana Voronova; Writing by Katya Golubkova; Editing by Alexander Smith)

By Tatiana Voronova


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 0.05% 1893.54 Delayed Quote.7.98%
APPLE INC. 2.77% 142.92 Delayed Quote.4.81%
MAIL.RU GROUP LIMITED -0.58% 25.85 Delayed Quote.-1.14%
OZON HOLDINGS PLC -0.38% 52.99 Delayed Quote.28.45%
SBERBANK OF RUSSIA -2.99% 267.5 End-of-day quote.-1.33%
YANDEX -2.03% 65.09 Delayed Quote.-4.51%
All news about APPLE INC.
04:23pStimulus jitters dent Wall St's early gains; Nasdaq, S&P at records
RE
04:20pNasdaq, S&P 500 Finish at Records
DJ
04:13pA bumpy day on Wall Street ends with stock indexes mixed
AQ
03:34pStocks lag, dollar advances on COVID-19 concerns
RE
03:33pInvestor payouts and job cuts jar with U.S. companies' social pledge
RE
03:30pStocks lag, dollar advances on COVID-19 concerns
RE
03:29pAPPLE : Expected to Report `Robust' Fiscal Q1 Results on Strong iPhone Productio..
MT
03:20pInvestor payouts and job cuts jar with U.S. companies' social pledge
RE
02:45pS&P, Nasdaq back off early highs on stimulus jitters
RE
12:58pMIDDAY REPORT : US Stocks Mixed Ahead of Big Technology Earnings While Treasurie..
MT
More news
Financials (USD)
Sales 2021 319 B - -
Net income 2021 67 429 M - -
Net cash 2021 96 637 M - -
P/E ratio 2021 34,6x
Yield 2021 0,61%
Capitalization 2 340 B 2 340 B -
EV / Sales 2021 7,04x
EV / Sales 2022 6,60x
Nbr of Employees 147 000
Free-Float 98,9%
Chart APPLE INC.
Duration : Period :
Apple Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 44
Average target price 133,93 $
Last Close Price 139,07 $
Spread / Highest target 15,0%
Spread / Average Target -3,70%
Spread / Lowest Target -42,5%
EPS Revisions
Managers and Directors
NameTitle
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson Independent Chairman
Jeffrey E. Williams Chief Operating Officer
Luca Maestri Chief Financial Officer & Senior Vice President
Kevin M. Lynch Vice President-Technology
Sector and Competitors
1st jan.Capitalization (M$)
APPLE INC.4.81%2 339 611
SAMSUNG ELECTRONICS CO., LTD.10.37%526 208
XIAOMI CORPORATION-7.98%96 742
WINGTECH TECHNOLOGY CO.,LTD18.00%24 298
MERRY ELECTRONICS CO., LTD.-6.48%1 006
FOCUSRITE PLC-2.33%831