SPB Exchange PJSC (MIC:SPBE) Earnings Power Value (EPV): ₽39.67 (As of Dec21)


MIC:SPBE SPB Exchange PJSC MIC:SPBE
23 GF Score
Price ₽132.00
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What is SPB Exchange PJSC Earnings Power Value (EPV)?

SPB Exchange PJSC MIC:SPBE -6.85% 23 Earnings Power Value (EPV) is ₽39.67 as of Dec21. GuruFocus rates MIC:SPBE with a GF Score™ of 23/100.

As of Dec21, SPB Exchange PJSC's earnings power value is ₽39.67. *

* GuruFocus does not store EPV value into our database if Average Maintenance CAPEX is 0.

Margin of Safety is N/A.

The basic concept of EPV is that one should value a stock based on the current free cash flow of a company and not on future projections which may, or may not, come true. It is arguably a better way to analyze stocks than Discounted Cash Flow analysis that relies on highly speculative growth assumptions many years into the future. Assumption: Current profitability is sustainable.

SPB Exchange PJSC  (MIC:SPBE) Earnings Power Value (EPV) Explanation

Assumption: Current profitability is sustainable.

Earnings power value (EPV) uses a very basic equation which assumes no growth, although it does rely on an assumption about the cost of capital as well as the fact that current earnings are sustainable. It also involves several adjustments to clean up the underlying Earnings figures.

Be Aware

Though using today's earnings in calculating Earnings Power Value, GuruFocus is normalizing these earnings to the business cycle. This eliminates the effects on profitability of valuing the firm at different points in the business cycle. This means that we are considering the average earnings over 5 years.

SPB Exchange PJSC Earnings Power Value (EPV) Related Terms

SPB Exchange PJSC Earnings Power Value (EPV) Historical Data

* Premium members only.

The historical data trend for SPB Exchange PJSC's Earnings Power Value (EPV) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

SPB Exchange PJSC Earnings Power Value (EPV) Chart

SPB Exchange PJSC Annual Data
Trend Dec19 Dec20 Dec21
Earnings Power Value (EPV)
0.00 0.00 0.00

SPB Exchange PJSC Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Jun23
Earnings Power Value (EPV) Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

MIC:SPBE vs SPGI, CME, ICE: Earnings Power Value (EPV) Comparison

For the Financial Data & Stock Exchanges subindustry, SPB Exchange PJSC's Earnings Power Value (EPV), along with its competitors' market caps and Earnings Power Value (EPV) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

SPB Exchange PJSC Earnings Power Value (EPV) vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, SPB Exchange PJSC's Earnings Power Value (EPV) distribution charts can be found below:

* The bar in red indicates where SPB Exchange PJSC's Earnings Power Value (EPV) falls into.


MIC:SPBE
23GF Score
SPB Exchange PJSC MIC:SPBE
Earnings Power Value (EPV) is just one metric. See GF Score™, valuation, warning signs, and more.
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SPB Exchange PJSC Earnings Power Value (EPV) Calculation

Earnings Power Value also known as just Earnings Power is a valuation technique popularised by Bruce Greenwald, an authority on value investing at Columbia University. It is arguably a better way to analyze stocks than Discounted Cash Flow analysis that relies on highly speculative growth assumptions many years into the future.

The basic concept of EPV is that one should value a stock based on the current free cash flow of a company and not on future projections which may, or may not, come true. This valuation tool excludes the potential growth that a company may have so that needs to be looked at separately. Since future growth is excluded from the analysis, only the maintenance capital expenditures are subtracted from after-tax EBIT (earnings before interest and taxes) and growth capex is ignored.

What does a Earnings Power Value (EPV) of ₽39.67 mean?
SPB Exchange PJSC (MIC:SPBE) has a Earnings Power Value (EPV) of ₽39.67 as of Dec21. Bruce Greenwald's earnings power value focuses on current earnings without factoring in future growth. View historical data on SPB Exchange PJSC and its competitors.
Is SPB Exchange PJSC's Earnings Power Value (EPV) too high?
SPB Exchange PJSC's current Earnings Power Value (EPV) is ₽39.67. Overall, SPB Exchange PJSC has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does SPB Exchange PJSC's Earnings Power Value (EPV) compare to SPGI and CME?
SPB Exchange PJSC's Earnings Power Value (EPV) of ₽39.67 can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Power Value (EPV) for a Capital Markets company?
A good Earnings Power Value (EPV) depends on the Capital Markets industry context. However, Earnings Power Value (EPV) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Power Value (EPV) mean?
A high Earnings Power Value (EPV) can signal that a stock is expensive relative to its fundamentals. Bruce Greenwald's earnings power value focuses on current earnings without factoring in future growth. View historical data on SPB Exchange PJSC and its competitors. SPB Exchange PJSC's current Earnings Power Value (EPV) is ₽39.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPB Exchange PJSC stock overvalued right now?
SPB Exchange PJSC (MIC:SPBE) has a current Earnings Power Value (EPV) of ₽39.67. The current Earnings Power Value (EPV) is ₽39.67. SPB Exchange PJSC's overall GF Score™ is 23/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Power Value (EPV) calculated?
Earnings Power Value (EPV) is calculated from a company's financial statements. For SPB Exchange PJSC (MIC:SPBE), the current Earnings Power Value (EPV) is ₽39.67 as of Dec21. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

SPB Exchange PJSC Business Description

Address 38 Dolgorukovskaya Street, Building 1, Moscow, RUS, 127006
SPB Exchange PJSC is an exchange for international securities in the Russian financial market. It operates according to a business-to-business and business-to-customer model, simultaneously focusing on retail investors and financial intermediaries as direct customers. The company provides access to investment products for Russian and international investors, operating through its trading infrastructure and order-routing mechanisms.
23GF Score

Get the complete analysis for MIC:SPBE

Earnings Power Value (EPV) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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