Here is an analysis of the reporting and some prospects for receiving dividends.
Sber actively issues loans, and this has a pretty strong effect on the balance sheet.
If there is growth somewhere, then there is a fall somewhere.
The balance sheet loses liquidity, which I define as a coefficient: = 1- loans issued/ balance sheet.
This is not good for future dividends, which also reduce liquidity.
According to one of my formulas, the dividends should be equal to = net profit * (1- loans issued/ balance sheet).
The last digit in Figure 3 is multiplied by four to be represented in the year dimension.
Next, let's move on to my second formula, which states that dividends = cash flow * equity adequacy.
The last number is also represented as for the year.
And finally, the Sber quotation chart in