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QIWI PLC

QIWI Technology Software Infrastructure

5.67 0.00 0.00%
Market cap
$355.6M
P/E
9.1×
Fwd P/E
3.3×
Dividend yield
—
F-score
4/9
Altman Z
n/a
Beneish M
10.78
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 62.75%

Capital & Financial Ratios $m

Market Cap 355.58
Revenue 84.25
Net Income (489.17)
Free Cash Flow 6.66
Net Debt (186.05)
Current Ratio 20.92 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 9.08
Fwd P/E 3.31
P/S ratio 4.23
P/B ratio 0.95
Past 5Y EPS Growth —
This Y EPS Growth —
Next Y EPS Growth —
Next Y revenue growth (71.48%) (below 0%: weak)
Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.8×, against a ten-year median of 0.8×; over the ten years it ranged from −1.1× in 2022 to 4.0× in 2017.

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 Powerpack
2022 Powerpack
2021 1.13
0.31
0.22
0.30
0.30
2020 1.03
0.22
0.14
0.33
0.34
2019 0.84
0.28
0.28
0.28
2017 0.62
0.19
0.22
0.21
2016 0.66
0.50
0.22
0.22
0.22
special payouts not included in total or ratios

Assets vs Liabilities $m

2022 2023 2024 Q'25
Cash 1,120 139 170 187
Receivables 225 23 156 221
Inventory — — — —
Other 32 1,146 4 4
1,378 1,309 330 412
2022 2023 2024 Q'25
Payables 489 63 16 15
ST’ Debt 58 3 — —
Other 199 626 5 4
751 691 21 20

Compound Annual Growth %

10y 5y 3y
Sales (21.21%) (43.23%) (59.95%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 4.50% (4.22%) (16.84%)

Revenue $m

Mar Jun Sep Dec Year
’26 — — — — —
’24 — — — — 36
’23 232 222 177 — 84
’22 116 212 226 209 762
’21 122 149 161 127 559
’20 137 145 136 144 561
’19 138 152 157 163 610
Fiscal quarters ending in the months shown.
value withheld pending a data check

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — 4 — — —
’24 — (53) — — (42)
’23 19 75 (67) 130 157
’22 19 71 60 71 220
’21 (149) 28 53 6 (61)
’20 (126) 16 153 41 84
’19 (29) 56 1 115 143
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — 4 — — —
’24 — (53) — — (43)
’23 18 70 (68) 125 145
’22 17 69 58 69 214
’21 (150) 28 50 4 (68)
’20 (128) 15 152 40 80
’19 (30) 52 (4) 108 126
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 — — — — —
’24 — — — — (8.59)
’23 0.90 0.85 0.47 (1.60) 0.49
’22 0.41 0.68 1.24 0.87 2.98
’21 0.41 0.58 1.93 0.87 3.75
’20 0.33 0.42 0.61 0.53 1.92
’19 0.33 0.43 0.29 0.17 1.25
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Trend 2025e 2026e 2027e
Price, $
Price, $ Low — 10.42 11.60 11.61 12.93 8.62 7.39 5.01 5.67 5.67

Analyst estimates 2025–2027

Powerpack
High — 17.85 26.55 20.05 25.25 21.19 12.18 8.35 5.67 5.67
People
People Employees — 1,375 2,264 4,194 3,630 2,865 1,904 2,118 162 183
Revenue/emp, $m — 0.20 0.16 0.12 0.17 0.20 0.29 0.36 0.52 0.20
Income, $m
Income, $m Revenue — 268 357 487 610 561 559 762 84 36
Gross margin, % — 51.64 53.28 50.57 58.92 59.40 56.19 66.28 39.89 53.97
EBT — 47 66 72 99 198 280 269 31 (64)
EBT margin, % — 17.38 18.38 14.70 16.22 35.36 50.12 35.31 36.70 (179.20)
Net income — 47 66 72 99 164 280 269 48 (538)
Depreciation — 12 14 14 21 17 15 16 16 1
Per share, $
Per share, $ Revenue — 4.43 5.88 7.95 9.87 9.01 8.96 12.17 1.34 0.57
Earnings — 0.67 0.89 0.84 1.26 1.92 3.75 2.98 0.49 (8.59)
Cash flow — 1.37 1.00 5.88 2.32 1.35 (0.98) 3.52 2.50 (0.68)
Capex — (0.17) (0.33) (0.29) (0.28) (0.07) (0.11) (0.11) (0.19) 0.00
Free cash flow — 1.20 0.67 5.59 2.04 1.28 (1.09) 3.41 2.31 (0.68)
Book value — 4.95 5.95 6.68 6.88 7.04 9.55 13.68 10.62 5.47
Shares, m — 60 61 61 62 62 62 63 63 63
Valuation, ×
Valuation, × P/E — 20.87 19.38 15.20 15.87 5.45 2.11 1.77 9.08 —
P/S — 2.90 2.92 1.78 1.96 1.14 0.89 0.47 4.23 —
P/B — 2.60 2.89 2.12 2.81 1.46 0.84 0.41 0.53 —
EV/Sales — 1.74 1.93 0.17 0.62 (0.07) (0.36) (0.88) 2.64 —
EV/FCF — 6.42 16.95 0.24 3.00 (0.56) 2.97 (3.15) 1.54 —
Cash, $m
Cash, $m Operating cash flow — 83 61 360 143 84 (61) 220 157 (42)
Capex — (10) (20) (18) (17) (4) (7) (7) (12) 0
Free cash flow — 73 41 342 126 80 (68) 214 145 (43)
Balance, $m
Balance, $m Working capital — 125 137 191 182 281 498 627 618 309
Total debt — 20 26 50 29 91 64 92 3 0
Net debt — (292) (330) (734) (818) (683) (701) (1,028) (137) (169)
Shareholders’ equity — 300 362 409 425 438 596 857 667 343
Returns, %
Returns, % ROA — 5.79 7.80 5.90 6.18 10.40 20.66 13.88 2.95 (62.30)
ROIC — 502.71 132.93 0.00 0.00 0.00 0.00 0.00 1.39 (16.39)
ROE — 11.08 16.10 14.79 17.96 29.05 45.74 26.72 5.85 (106.68)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2024 · latest quarter Dec 2023

Charts ten years each

QIWI PLC vs peers in Software Infrastructure (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CINT CI&T Inc. $387.8M 10.4× 11.6× +21.88% (above 0%: growing) −28.57% (below 0%: shrinking) −1,767.69% (below 0%: shrinking) 31.09% 8.45% Compare
LSAK Lesaka Technologies, Inc. $381.8M 125× 19.0× +11.79% (above 0%: growing) n/m +167.38% (above 0%: growing) 33.21% 3.22% Compare
RPAY Repay Holdings Corporation $369.5M — (loss-making) — (loss-making) +33.16% (above 0%: growing) n/m +21.11% (above 0%: growing) 70.13% (3.23%) Compare
QIWI QIWI PLC $355.6M 9.1× 3.3× −360.74% (below 0%: shrinking) n/m −94.56% (below 0%: shrinking) 51.39% 24.46%
NUAI New Era Energy & Digital, Inc. $354.9M — (loss-making) — −82.54% (below 0%: shrinking) n/m −399.88% (below 0%: shrinking) 100.00% (46,250.68%) Compare
AIOT PowerFleet, Inc. $334.2M — (loss-making) 53.6× +6.41% (above 0%: growing) n/m +92.55% (above 0%: growing) 55.20% 0.24% Compare
SUPX SuperX AI Technology Limited $325.4M — — — — −135,337.38% (below 0%: shrinking) — — Compare
IMXI INTERNATIONAL MONEY EXPRESS, INC. $319.6M 16.4× 29.3× −18.60% (below 0%: shrinking) −62.16% (below 0%: shrinking) +203.48% (above 0%: growing) 20.76% 6.67% Compare
TLS Telos Corporation $319.1M — (loss-making) — (loss-making) +32.74% (above 0%: growing) n/m +42.95% (above 0%: growing) 34.96% 0.65% Compare
Median of peers $344.5M 16.4× 24.2× +11.79% — +32.03% 34.96% 0.65%

All 173 Software Infrastructure stocks →

QIWI PLC (QIWI) key facts

  • QIWI PLC (QIWI) is a Software Infrastructure company in the Technology sector, traded in the US as an ADR.
  • As of September 4, 2024, QIWI traded at $5.67, a market capitalization of $355.6 million.
  • Return on equity was −106.7% and debt-to-equity 0.00.
  • Its Piotroski F-score is 4 out of 9 for fiscal 2024.

Source: company filings (standardised) and stockrow calculations.

QIWI PLC (QIWI) Latest News

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stockrow.com/QIWI · Data as of Dec 31, 2023 · For information only; not investment advice. · © 2026 stockrow.com