Europlan is Russia's largest independent car and equipment leasing company, financing passenger cars, trucks and machinery for businesses and offering related services.
Sector: Financial Services
RU_LEAS
Shares: connector/market_inputs
Monetary columns are in B RUB, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | Net interest incomeB RUB | Net profitB RUB | AssetsB RUB | EquityB RUB | ROE (annualized) | Source |
|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | Q2 2026 (3M) | OK | 3.9 y/y -29.6% | 2.5 y/y 392.5% | 172.7 y/y -32.6% | 47.2 y/y 2.2% | 21.6% | Report (PDF) |
| 2026-03-31 | Q1 2026 (3M) | OK | 4.2 y/y -33.5% | 1.8 y/y 33.4% | 189.0 y/y -33.8% | 44.3 y/y -12.8% | 17.1% | Report (PDF) |
| 2025-12-31 | Q4 2025 (3M) | OK | 4.8 y/y -30.7% | 2.2 y/y -39.4% | 205.3 y/y -32.0% | 42.4 y/y -16.2% | 11.5% | Report (PDF) |
| 2025-09-30 | Q3 2025 (3M) | OK | 5.1 y/y -23.8% | 1.1 y/y -58.1% | 228.9 y/y -25.1% | 46.9 y/y -13.1% | 3.0% | Report (PDF) |
| 2025-06-30 | Q2 2025 (3M) | OK | 5.6 y/y -10.7% | 0.5 y/y -88.5% | 256.2 y/y -13.3% | 46.2 y/y -9.9% | 4.1% | Report (PDF) |
| 2025-03-31 | Q1 2025 (3M) | OK | 6.3 y/y 10.9% | 1.4 y/y -68.5% | 285.7 y/y — | 50.8 y/y — | 10.9% | Report (PDF) |
| 2024-12-31 | Q4 2024 (3M) | OK | 7.0 y/y 38.0% | 3.6 y/y -9.1% | 302.1 y/y 14.1% | 50.6 y/y 13.3% | 28.5% | Report (PDF) |
| 2024-09-30 | Q3 2024 (3M) | OK | 6.7 y/y 46.8% | 2.5 y/y -30.3% | 305.8 y/y — | 54.0 y/y — | 6.4% | Report (PDF) |
| 2024-06-30 | Q2 2024 (3M) | OK | 6.3 y/y 52.9% | 4.4 y/y 18.3% | 295.6 y/y 35.1% | 51.3 y/y 31.2% | — | Report (PDF) |
| 2024-03-31 | Q1 2024 (3M) | OK | 5.7 y/y 42.2% | 4.4 y/y 25.6% | — y/y — | — y/y — | — | Report (PDF) |
| 2023-12-31 | Q4 2023 (3M) | OK | 5.0 y/y — | 4.0 y/y — | 264.7 y/y — | 44.7 y/y — | — | Report (PDF) |
| 2023-09-30 | Q3 2023 (3M) | OK | 4.5 y/y — | 3.6 y/y — | — y/y — | — y/y — | — | Report (PDF) |
| 2023-06-30 | Q2 2023 (3M) | OK | 4.1 y/y — | 3.7 y/y — | 218.9 y/y — | 39.1 y/y — | — | Report (PDF) |
| 2023-03-31 | Q1 2023 (3M) | OK | 4.0 y/y — | 3.5 y/y — | — y/y — | — y/y — | — | Report (PDF) |
IFRS decomposition: interest, fee and trading result with provisions, costs and the recurring/non-recurring profit split (bn RUB). Source: eninvs.com.
| Item, bn RUB | 2023 | 2024 | 2025 | YoY |
|---|---|---|---|---|
| Interest income | 35.5 | 55.4 | 55.2 | -0% |
| Interest expense | -17.8 | -29.8 | -33.3 | -12% |
| Net interest income | 17.7 | 25.6 | 21.8 | -15% |
| Credit-loss provisions | -2.3 | -9.1 | -21.9 | -141% |
| NII after provisions | 15.4 | 16.5 | -0.1 | -100% |
| Fee & commission income | 13.9 | 17.4 | 20.0 | +15% |
| Fee & commission expense | -1.1 | -1.5 | -1.9 | -24% |
| Net fee & commission income | 12.8 | 15.9 | 18.1 | +14% |
| Operating income | 31.6 | 43.0 | 41.9 | -3% |
| Administrative & other expenses (SG&A) | -9.3 | -10.9 | -11.0 | -0% |
| Profit before tax | 18.8 | 21.5 | 7.1 | -67% |
| Income tax | -4.0 | -4.3 | -1.9 | +55% |
| Net profit | 14.8 | 14.9 | 5.1 | -66% |
| Key ratios (annual) | ||||
| ROE | 37.7% | 31.3% | 11.0% | -20.3 pp |
| Cost of risk (CoR) | 1.18% | 3.74% | 10.28% | +6.5 pp |
| Cost-to-income (CIR) | 29.5% | 25.4% | 26.2% | +0.8 pp |
| Net interest margin (NIM) | 7.79% | 9.03% | 8.60% | -0.4 pp |
ROE = (net profit − perpetual bond coupons) ×4 / avg equity excl. perpetuals; CoR = provisions ×4 / avg credit portfolio; CIR = admin expense / operating income; NIM = NII ×4 / avg assets.
| Quarter | 24/09 Q3 | 24/12 Q4 | 25/03 Q1 | 25/06 Q2 | 25/09 Q3 | 25/12 Q4 | 26/03 Q1 | 26/06 Q2 |
|---|---|---|---|---|---|---|---|---|
| P&L, bn RUB | ||||||||
| Net interest income | 6.7 | 7.0 | 6.3 | 5.6 | 5.1 | 4.8 | 4.2 | 3.9 |
| Provisions | -2.5 | -3.9 | -5.8 | -6.9 | -6.5 | -2.7 | -3.0 | -1.9 |
| Net fee income | 4.4 | 4.4 | 3.9 | 4.5 | 5.2 | 4.5 | 3.7 | 4.2 |
| Operating income | 11.4 | 11.8 | 10.6 | 10.6 | 10.8 | 9.8 | 8.3 | 8.6 |
| Admin (SG&A) | -2.8 | -2.8 | -2.5 | -2.6 | -2.4 | -3.5 | -2.4 | -2.9 |
| Net profit | 2.5 | 3.6 | 1.4 | 0.5 | 1.1 | 2.2 | 1.8 | 2.5 |
| Balance (period-end), bn RUB | ||||||||
| Credit portfolio | 261 | 256 | 228 | 202 | 183 | 170 | 152 | 141 |
| Other assets | 44.9 | 46.1 | 58.1 | 54.4 | 45.7 | 35.4 | 37.3 | 31.5 |
| Total assets | 306 | 302 | 286 | 256 | 229 | 205 | 189 | 173 |
| Equity | 54.0 | 50.6 | 50.8 | 46.2 | 46.9 | 42.4 | 44.3 | 47.2 |
| Key ratios (annualised) | ||||||||
| ROE (annualised) | 19.2% | 27.6% | 10.9% | 4.1% | 9.1% | 19.6% | 17.1% | 21.6% |
| Cost of risk (CoR) | 3.88% | 6.00% | 9.59% | 12.87% | 13.46% | 6.13% | 7.45% | 5.15% |
| Cost-to-income (CIR) | 24.7% | 23.8% | 24.0% | 24.2% | 22.2% | 35.3% | 29.4% | 34.4% |
| Net interest margin (NIM) | 8.85% | 9.17% | 8.62% | 8.26% | 8.36% | 8.89% | 8.54% | 8.71% |
Our earnings breakdowns and investment notes on this issuer.
Current 1.71x · 3-year median 1.69x
Current 10.6x · 3-year median 8.1x
P/B is market cap ÷ equity of the latest reported quarter, P/E is ÷ profit of the last four quarters. EV/EBITDA is not computed for financials: EBITDA is not a meaningful line for them and their net debt is operating liquidity, not leverage.
Group: Financial Services. Every peer trades on the same market, so no adjustment is needed.
| Company | Market | Cap, $bn | P/E |
|---|---|---|---|
| MTS Bank | Russia | 0.4 | 1.9x |
| Mosgorlombard | Russia | 0.0 | 2.2x |
| Bank VTB | Russia | 15.3 | 2.8x |
| Sovcombank | Russia | 2.8 | 2.8x |
| Sberbank | Russia | 80.3 | 3.5x |
| DOM.RF | Russia | 4.6 | 3.5x |
| Zaymer | Russia | 0.2 | 3.7x |
| Bank Sankt-Peterburg | Russia | 1.4 | 3.8x |
| TBank | Russia | 8.8 | 3.9x |
| CarMoney | Russia | 0.0 | 4.6x |
| Credit Bank of Moscow | Russia | 4.1 | 14.9x |
| Group median | 3.5x | ||
| Group average | 4.3x | ||
| This company | Russia | 1.0 | 10.6x |
Group median 3.5x; this company 10.6x — a 200% premium.
Group average 4.3x; against the average this company is at a 146% premium.
At the adjusted group median the market cap would be -67% versus today.
The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 28.3x, Russia 5.9x, South Africa 11.1x, Kazakhstan 9.2x, India 27.4x, Indonesia 7.3x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-10-22; the company's own is live.
Dividend-model upside: -34%
The payout is forecast from smoothed profit × payout ratio, capped by free cash flow (developers exempt — escrow) and floored at the recent actual dividend (companies hold payouts while profitable). Fair yield = key rate + the historical yield-spread to the rate (so growers that historically traded below the rate score higher). Upside = fair price / current − 1.
| 1 · Forecast dividend (per policy) | |
| Smoothed net profit (median YTD-ann./LTM/FY) | 8 bn RUB |
| Payout ratio | 70% |
| Free cash flow (FY, OCF − capex) | 94 bn RUB |
| Recent actual dividend (3-yr median) | 29.00 ₽ |
| = Forecast dividend per share | 44.04 ₽ |
| 2 · Fair yield (spread to key rate) | |
| CBR key rate | 14.0% |
| Historical yield spread to rate (3-yr median) | -10.7 pp |
| = Fair dividend yield (bank floor ≈ rate−3.5) | 10.5% |
| 3 · Valuation → upside | |
| Current price | 671 ₽ |
| Forecast dividend yield | 6.6% |
| Fair price (dividend-based) | 441 ₽ |
Forecast, not investment advice. Earnings annualization and policy assumptions are estimates.
| Pay year | Dividend /sh | |
|---|---|---|
| 2025 | 29.00 ₽ | |
| 2024 | 77.00 ₽ |
| Period | Last day to buy | /sh |
|---|---|---|
| 2025 q2 | 2025-06-05 | 29.00 ₽ |
| 2024 q4 | 2024-12-12 | 50.00 ₽ |
| 2024 q2 | 2024-06-10 | 25.00 ₽ |
| 2024 q1 | 2024-03-31 | 2.00 ₽ |
No dividend rows found for this issuer.
Substantive mentions last 7 days: 3 (1 positive), last 30 days: 4 (2 positive) across tracked channels, broker research and shows. 10 passing mentions (digests, calendars) hidden.
Sources: Telegram channels (bloggers — blue chip, broker research — green), YouTube shows via transcripts (orange). Tone (▲/▼) is an automatic assessment in the stock's context. Quotes are fragmentary; authors' views are not our recommendations.
| 20.10.26 | Filing | ★ ▲ Операционные результаты деятельности эмитента (компаний группы эмитента) (прогнозные, предварительные, фактические) ЛК «Европлан» объявила операционные результаты за 9 месяцев 2026 года: новый бизнес вырос на 30% до 90,8 млрд руб. Выплаты по облигациям составили 5,6 млрд руб., а размещение нового выпуска облигаций серии 001Р-10 составило 12 млрд руб. Компания также запустила новые скидочные программы, предоставив клиентам выгоду в 890 млн руб. |
| 23.09.26 | Filing | ★ ▲ Присвоение или изменение рейтинга эмиссионных ценных бумаг эмитента рейтинговым агентством или иной организацией на основании договора 23 сентября 2026 года рейтинговое агентство АКРА присвоило кредитный рейтинг АА(RU) биржевым облигациям компании 'Европлан' серии 001P-10. Эти облигации имеют регистрационный номер 4В02-10-16419-А-001Р и международный код ISIN RU000A10G6A4. |
| 28.07.26 | Material event | ★ Информация об иных событиях (действиях), оказывающих, по мнению эмитента, существенное влияние на стоимость или котировки его ценных бумаг ПАО 'Лизинговая компания 'Европлан' объявило о досрочном погашении биржевых облигаций серии 001Р-03, которое состоится 14 августа 2026 года. Погашение будет осуществлено в безналичном порядке по номинальной стоимости 1 тыс. руб. за облигацию с выплатой купонного дохода. |
| 25.06.26 | Filing | ★ ▼ Совершение эмитентом существенной сделки ПАО 'Лизинговая компания 'Европлан' заключила крупный кредитный договор на сумму 45 млрд руб., что составляет 46,81% от стоимости активов компании. Сделка получила согласие Совета директоров 5 июня 2026 года. |
| 10.06.26 | AGM / Board | ★ ▼ Решения общих собраний участников (акционеров) На годовом собрании акционеров ПАО 'Лизинговая компания 'Европлан', состоявшемся 09.06.2026, было решено не распределять чистую прибыль за 2025 год в размере 4,03 млрд. руб. и не выплачивать дивиденды по акциям. Также избран новый Совет директоров и назначена аудиторская организация на 2026 год. |
| 21.05.26 | Buyback | ★ ▼ Поступление эмитенту уведомления о праве требовать выкупа эмиссионных ценных бумаг эмитента ПАО 'Лизинговая компания 'Европлан' получило уведомление о праве требовать выкуп 95,6% своих акций по цене 677,90 руб. за акцию. Уведомление было получено 20 мая 2026 года, и в течение 15 дней эмитент обязан уведомить владельцев акций. |
| 16.10.26 | AGM / Board | Решения совета директоров (наблюдательного совета) Совет директоров ПАО 'Лизинговая компания 'Европлан' утвердил новые редакции Положения об инсайдерской информации и Правил внутреннего контроля. Все решения были приняты единогласно с 9 голосами 'за'. |
| 18.09.26 | Material event | События (действия), оказывающие, по мнению эмитента, существенное влияние на стоимость или котировки его ценных бумаг 18 сентября 2026 года истекает срок для направления оферт на приобретение биржевых облигаций серии 001P-10. Потенциальные инвесторы могут подавать оферты с 11:00 до 15:00 по московскому времени в этот день. |
Source: e-disclosure material filings over the last 180 days; ★ — flagged important by the classifier; summaries are automatic.
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B), profitability and dividend yield of Europlan (LEAS) — from primary filings.
| Issue | YTM | Coupon | Price, % | 1D | Volume today, ₽ | Avg vol. 20D, ₽ | Maturity |
|---|---|---|---|---|---|---|---|
| ЕвропланБ5 | 20.2% | 20.35% | 101.84 | — | 3.1M | — | put 02.2026 |
| ЕвропланБ8 | 16.3% | 18% | 103.20 | — | 501K | — | put 06.2026 |
| ЕвропланБ6 | — | 22.5% | 102.96 | +0.99% | 174K | 21K | put 11.2026 |
| ЕвропланБ3 | 16.5% | 19.5% | 101.41 | +0.11% | 245K | 388K | put 03.2027 |
| Европлн1Р7 | float | float | 100.28 | +0.13% | 2.5M | 4.9M | 06.2027 |
| Европлн1Р8 | float | float | 102.00 | +0.03% | 2.1M | 1.4M | 11.2027 |
| Европлн1Р9 | 16.8% | 24% | 107.48 | +0.59% | 13.4M | 8.9M | 07.2028 |
| Еврплн1Р10 | 15.2% | 15.1% | 101.15 | +0.05% | 648K | 1.5M | 09.2028 |
| Европлн1Р3 | 19.2% | 20% | 105.00 | — | 2.0M | — | 08.2031 |
Price, YTM and turnover from MOEX; 1D is the current price vs the previous session close; floaters have no fixed YTM. Not investment advice.
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