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
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations
The feature you requested does not exist. However, we suggest the following feature:

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

11/27/2020 | 11:32am 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. 1.30% 1787.02 Delayed Quote.33.42%
APPLE INC. 0.48% 116.59 Delayed Quote.58.05%
MAIL.RU GROUP LIMITED -0.34% 29.75 Delayed Quote.33.18%
OZON HOLDINGS PLC 2.54% 40 Delayed Quote.0.00%
SBERBANK OF RUSSIA 0.06% 251.5 End-of-day quote.-1.28%
YANDEX 2.39% 67.19 Delayed Quote.54.50%
All news about APPLE INC.
11/27EXCLUSIVE : Russia's Sberbank targets half of revenue from non-banking by 2030 -..
RE
11/27EXCLUSIVE : Russia's Sberbank targets half of revenue from non-banking by 2030 -..
RE
11/27Wall St headed higher on recovery hopes after Thanksgiving holiday
RE
11/27APPLE : Taiwan raises 2020 economic view as third quarter growth jumps
RE
11/26Foxconn Will Move Some Apple Production to Vietnam, Reuters Reports
DJ
11/26LG to spin off affiliates as break-up looms at South Korean conglomerate
RE
11/26EXCLUSIVE : Foxconn to shift some Apple production to Vietnam to minimise China ..
RE
11/26LG to spin off affiliates as break-up looms at S.Korean conglomerate
RE
11/26Foxconn is moving some ipad and macbook assembly to vietnam from china at app..
RE
11/25WALL STREET STOCK EXCHANGE : Dow, S&P pull back from record highs
RE
More news
Financials (USD)
Sales 2021 315 B - -
Net income 2021 66 095 M - -
Net cash 2021 80 862 M - -
P/E ratio 2021 29,5x
Yield 2021 0,73%
Capitalization 1 982 B 1 982 B -
EV / Sales 2021 6,04x
EV / Sales 2022 5,69x
Nbr of Employees 147 000
Free-Float 99,9%
Chart APPLE INC.
Duration : Period :
Apple Inc. Technical Analysis Chart | AAPL | US0378331005 | MarketScreener
Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 43
Average target price 126,66 $
Last Close Price 116,59 $
Spread / Highest target 28,7%
Spread / Average Target 8,64%
Spread / Lowest Target -35,7%
EPS Revisions
Managers
NameTitle
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson 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.58.05%1 982 240
SAMSUNG ELECTRONICS CO., LTD.21.86%414 707
XIAOMI CORPORATION146.75%81 074
MERRY ELECTRONICS CO., LTD.-16.72%1 031
FOCUSRITE PLC49.69%747