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General information

CarMoney is a Russian microfinance organization covering about 80% of regions. A key feature of it`s business model is the ability to use the vehicle as collateral. The average CarMoney bill corresponds to the average consumer loan size. The service is a leader in the secured loans segment according to the National Rating Agency
  • Good financial results growth rate 29 222.5% (average between last period year over year growth for revenue and Net Income), there is acceleration compared to average historical growth rates (25.6%)
  • Dividend yield for the last twelve months 6.2%
  • Share price is -1.9% higher than minimum and 59.2% lower than maximum for the last 3 years
  • The company is undervalued by P/E LTM multiple compared to target level (0.1x vs
    )
  • Fundamental value created in LTM (estimate)
  • Taking into account the impact of the key rate 15.0% on the change in financial parameters: EBITDA adjustment is 3 mln rub as NetDebt * (expected key rate - 3 years average 0.0%) / 2, expected EBITDA adjusted for key rate increases is 63 594 mln rub, expected mult is 0.1x, target mult is 11.1x, potential is +18 688.7%

Key Financials (Download financials)

Ticker: CARM
Share price, RUB:  (-1.9%)1.285
year average price 1.6449  


year start price 1.5540 2025-04-04

max close price 1.8470 2025-10-29

min close price 1.3105 2026-04-02

current price 1.2845 2026-04-03
Common stocks: 2 917 616 015
Dividend Yield:  6.2%
P / E LTM: 0.1x
P / E annualized: 0.0x
Last revenue growth (y/y):  200.0%
Last growth of Net Income (y/y):  200.0%
Historical revenue growth:  29.9%
Historical growth of Net Income:  21.4%
Target P/E (hist percentile):
Express share price potential:
Fundamental value created in LTM:
Fundamental value created in LTM:
 Mult Upside+11 711.2%
 FCF Creation0.0%
 Growth+200.0%
 Growth Corr+87.2%
 
 Sum+11 998.4%
P/E mutiple calculation
Market Cap (m RUB): 3 749
Net Profit (m RUB): 39 982
P / E LTM: 0.1x
Average daily trading volume for the week, RUB mln: 3
P / E 0.1x
P / E ann-d0.0x
P / B 0.7x
Рассчитаны в тестовом режиме, annualized:
ROE (Return on equity) 1 454.1%
ROA (Return on assets) 869.5%
CIR (Cost/income ratio) 48.2%

Revenue and Net Income

Semi-Annual values (m RUB)

Change (y/y)

Share price and dividends (Download history)

Share price

Payment RUB per share

Multiple and potential

EV / LTM Net Income and 50% percentile

Potential dynamics

Daily trade volumes

Millions of RUB

P/B and P/E multipliers

P / B

P / E

MSFO data *The values are shown in mln. The % change shows the difference from the same period last year

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Income (financial)


формула расчета Revenue = PercentIncomeNet + CommissionIncome
 
Q PercentIncome PercentExpense PercentIncomeNet ReserveForCreditLoss PercentIncomeNetAfterReserve CommissionIncome Revenue CommissionExpense CommissionIncomeNet OperationsWithFinancialInstruments OtherOperatingIncomeNet IncomeNonCoreNet AdministrativeExpense IncomeBeforeTax IncomeTax IncomeNet IncomeNetRegular IncomeNetIrregular
 
2025 H2     253 216-5% -78 582+3% 174 634-9%   253 216-5%       2 996-63%   -122 025-9% 55 604-14% -15 694-50% 39 910+20%    
2025 H1 1 599+3% -331+54% 1 268-5% -557+37% 711-23%   1 268-5%       46+16%   -646-3% 111-63% -39-61% 72-64%    
2024 H2 1 5620% -276+33% 267 400>+200% -76 480>+200% 190 920>+200%   267 400>+200%       8 110>+200%   -134 281>+200% 64 749>+200% -31 593>+200% 33 157>+200%    
2024 H1 1 547+10% -214-11% 1 332+15% -408+22% 925+12%   1 332+15%       40-17%   -663+32% 301-18% -101+36% 201-32%    
2023 H2 1 560+21% -207-19% 1 352+31% -319-18% 1 034+61%   1 352+31%       72+166%   -678+58% 428+77% -76+55% 352+83%    
2023 H1 1 400+18% -240-4% 1 160+24% -335+12% 825+29%   1 160+24%       48+50%   -504+12% 370+66% -74>+200% 295+49%    
2022 H2 1 286+14% -256+14% 1 030+14% -386+31% 644+6%   1 030+14%       27>+200%   -429-4% 242+47% -49-52% 193>+200%    
2022 H1 1 190-10% -251+18% 939-16% -299-18% 640-15%   939-16%       32+114%   -450-19% 222+7% -24+19% 198+6%    
2021 H2 1 127-2% -224-9% 9040% -296+54% 608-14%   9040%       6<-100%   -449-10% 165+10% -103+98% 62-36%    
2021 H1 1 328 -213 1 115 -366 749   1 115       15   -556 208 -20 188    
2020 H2 1 148 -246 902 -192 710   902       -63   -498 149 -52 97    


Balance


Q Total equity Total assets PortfolioCredit PortfolioBonds Deposits
 
2025 H2 5 489+36% 9 180+24%      
2025 H1 5 134+32% 8 434+20%      
2024 H2 4 022+9% 7 428+15%   609+34%  
2024 H1 3 898+50% 7 016+20%   887+95%  
2023 H2 3 697+73% 6 475+23%   454-49%  
2023 H1 2 595+29% 5 839+17%   454-49%  
2022 H2 2 140+18% 5 252+10%   888-21%  
2022 H1 2 008+11% 4 969+4%   888-21%  
2021 H2 1 806+52% 4 761+18%   1 118+40%  
2021 H1 1 806 4 761   1 118  
2020 H2 1 185 4 036   800  


Cashflow


Q Operating cashflow Investing cashflow Financial cashflow
 
2025 H2 1<-100% -303+88% 268>+200%
2025 H1 -613<-100% -51-83% 861>+200%
2024 H2 -98<-100% -162-40% 83-49%
2024 H1 220+50% -300+29% 205+12%
2023 H2 141>+200% -270>+200% 163+15%
2023 H1 147+116% -232>+200% 182<-100%
2022 H2 19-85% -34+86% 141<-100%
2022 H1 68<-100% -2-81% -138<-100%
2021 H2 127<-100% -18-11% -64<-100%
2021 H1 -357 -12 320
2020 H2 -89 -20 122
RSBU data *The values are shown in mln. The % change shows the difference from the same period last year

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Income


Q Revenue Net income
 
2025 q4   120>+200%
2025 q3   139-2%
2025 q2   51-56%
2024 q4   34-79%
2024 q3   141-7%
2024 q2   117-25%
2024 q1    
2023 q4   162
2023 q3 ( 7598 , 7633 )   153
2023 q2   156
2023 q1    
2022 q3    
2022 q2    


Balance


Q Total equity Total assets PortfolioCredit PortfolioBonds Deposits
 
2025 q4          
2025 q3          
2025 q2          
2024 q4 3 917        
2024 q3          
2024 q2 3 825+7%        
2024 q1          
2023 q4          
2023 q3 ( 7598 , 7633 )          
2023 q2 3 591        
2023 q1          
2022 q3          
2022 q2          
More information for subscribed users:
detailed calculation of
Potential and Created Value,
commodities affecting the company