Anuncio • May 31
Public Joint Stock Company Detsky Mir (MISX:DSKY) completed the spin-off of LLC Detsky Mir. The board of Public Joint Stock Company Detsky Mir (MISX:DSKY) intent to spin-off LLC Detsky Mir on November 7, 2022. Detsky Mir plans a reorganization into a private firm in the form of a spin-off of LLC Detsky Mir as a subsidiary operating company and as a result of the reorganization, LLC Detsky Mir will receive assets required to conduct business activities. Upon completion of the reorganization, it is planned that shareholders of the public company Detsky Mir will be offered the opportunity to exchange their shares for shares in a subsidiary of PJSC Detsky Mir that will hold a 100% interest in the private company LLC Detsky Mir. The procedure assumes a reorganization of PJSC Detsky Mir, gradual transition of shareholders from the public company PJSC Detsky Mir to a non-public company LLC Detsky Mir and a tender offer for shareholders of PJSC Detsky Mir who have not transferred to LLC Detsky Mir. Following these steps, PJSC Detsky Mir may be liquidated subject to receipt of all necessary corporate approvals. Detsky Mir will continue its operations in children’s food and non-food product retail and will be able to focus on developing its existing retail chain, as well as to manage its business in an efficient and flexible way, The Board of Directors plans to recommend that, at an Extraordinary General Meeting of Shareholders (EGM), the company’s shareholders approve the launch of the reorganization of PJSC Detsky Mir in the form of a spin-off of LLC Detsky Mir as a subsidiary operating company. If approved by the EGM, the reorganization will be completed within approximately six months of the EGM decision. On December 29, 2022, The shareholders approve the transaction. The EGM resolved to approve the new charter of PJSC Detsky Mir and the reorganization of PJSC Detsky Mir in the form of a spin-off of LLC DM as a subsidiary operating company.
Public Joint Stock Company Detsky Mir (MISX:DSKY) completed the spin-off of LLC Detsky Mir on May 30, 2023. Reported Earnings • Jun 07
First quarter 2022 earnings released First quarter 2022 results: ₽0.76 loss per share. Revenue: ₽37.9b (up 6.1% from 1Q 2021). Net loss: ₽555.0m (down 143% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 17%, compared to a 7.7% growth forecast for the industry in Russia. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Anuncio • May 07
Public Joint Stock Company Detsky Mir to Report Q3, 2022 Results on Nov 07, 2022 Public Joint Stock Company Detsky Mir announced that they will report Q3, 2022 results on Nov 07, 2022 Board Change • Apr 27
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 2 experienced directors. No highly experienced directors. Non-Executive Director Tony Maher is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Anuncio • Apr 14
An unknown buyer acquired 15% stake in Public Joint Stock Company Detsky Mir (MISX:DSKY) from Gulf Investments Limited. An unknown buyer acquired 15% stake in Public Joint Stock Company Detsky Mir (MISX:DSKY) from Gulf Investments Limited on April 13, 2022. Post completion, Gulf Investments Limited hold no stake in Public Joint Stock Company Detsky Mir.
An unknown buyer completed the acquisition of 15% stake in Public Joint Stock Company Detsky Mir (MISX:DSKY) from Gulf Investments Limited on April 13, 2022. Buying Opportunity • Apr 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be ₽107, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 5.9% per annum over the same time period. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improved over the past week After last week's 19% share price gain to ₽87.50, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Specialty Retail industry in Europe. Total returns to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₽107 per share. Price Target Changed • Mar 24
Price target decreased to ₽135 Down from ₽152, the current price target is an average from 6 analysts. New target price is 69% above last closing price of ₽79.66. Stock is down 42% over the past year. Board Change • Mar 24
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 2 experienced directors. No highly experienced directors. Non-Executive Director Tony Maher is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Price Target Changed • Mar 10
Price target decreased to ₽137 Down from ₽158, the current price target is an average from 7 analysts. New target price is 60% above last closing price of ₽85.60. Stock is down 39% over the past year. The company is forecast to post earnings per share of ₽15.28 for next year compared to ₽9.19 last year. Anuncio • Mar 04
Detsky Mir Group of Companies Announces Board Changes Georgy Kononov has been appointed the Operating Director and a member of the Management Board of Detsky Mir Group. He replaced Sergey Li in this position and officially assumed the position of Operating Director of Detsky Mir Group on March 1, 2022. G. Kononov will be responsible for the further development of various formats of stores and sales channels of the Group, increasing the efficiency of the use of retail space, as well as for the introduction of modern technologies and acceleration of digital transformation. Prior to his appointment as Chief Operating Officer, G. Kononov held the position of Director of the Retail Development and Support Department of Detsky Mir Group of Companies. Prior to joining Detsky Mir, he held the position of Director of the Department for the development of retail formats of the M. Video and Eldorado brands. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₽92.00, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Specialty Retail industry in Europe. Total returns to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₽149 per share. Price Target Changed • Feb 11
Price target decreased to ₽155 Down from ₽168, the current price target is an average from 7 analysts. New target price is 41% above last closing price of ₽110. Stock is down 24% over the past year. The company is forecast to post earnings per share of ₽16.81 for next year compared to ₽9.19 last year. Anuncio • Feb 09
Public Joint Stock Company Detsky Mir (MISX:DSKY) announces an Equity Buyback for RUB 3,500 million worth of its shares. Public Joint Stock Company Detsky Mir (MISX:DSKY) announces a share repurchase program. Under the program, the company will repurchase up to RUB 3,500 million worth of its shares. The company expects that the shares acquired under the program will subsequently be redeemed subject to all applicable restrictions and regulations. The program for a period until August 9, 2022. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₽100, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Specialty Retail industry in Europe. Total returns to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₽155 per share. Anuncio • Nov 24
Storale Limited acquired 14.9% stake in Public Joint Stock Company Detsky Mir (MISX:DSKY). Storale Limited acquired 14.9% stake in Public Joint Stock Company Detsky Mir (MISX:DSKY) on November 23, 2021.
Storale Limited completed the acquisition of 14.9% stake in Public Joint Stock Company Detsky Mir (MISX:DSKY) on November 23, 2021. Reported Earnings • Aug 28
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₽37.4b (up 30% from 2Q 2020). Net income: ₽3.82b (up 419% from 2Q 2020). Profit margin: 10% (up from 2.6% in 2Q 2020). The increase in margin was driven by higher revenue. Anuncio • Jun 03
Altus Capital completed the acquisition of an additional 4.99% stake in Public Joint Stock Company Detsky Mir (MISX:DSKY). Altus Capital agreed to acquire an additional 4.99% stake in Public Joint Stock Company Detsky Mir (MISX:DSKY) on April 2, 2021. Altus Capital entered into a legally binding agreement to acquire an additional 4.99% stake in Public Joint Stock Company Detsky Mir on April 26, 2021. The transaction was approved by Russia's Federal Anti-monopoly Service. The transaction is expected to be completed shortly.
Altus Capital completed the acquisition of an additional 4.99% stake in Public Joint Stock Company Detsky Mir (MISX:DSKY) on June 2, 2021. Reported Earnings • May 05
First quarter 2021 earnings released: EPS ₽1.76 The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₽35.7b (up 15% from 1Q 2020). Net income: ₽1.29b (up ₽1.65b from 1Q 2020). Profit margin: 3.6% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 03
Full year 2020 earnings released: EPS ₽9.19 (vs ₽8.89 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: ₽142.9b (up 11% from FY 2019). Net income: ₽6.75b (up 3.2% from FY 2019). Profit margin: 4.7% (down from 5.1% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Mar 03
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 0.4%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Over the next year, revenue is forecast to grow 12%, compared to a 8.1% growth forecast for the Specialty Retail industry in Russia. Anuncio • Feb 23
Public Joint Stock Company Detsky Mir to Report Fiscal Year 2020 Results on Mar 01, 2021 Public Joint Stock Company Detsky Mir announced that they will report fiscal year 2020 results on Mar 01, 2021 Anuncio • Dec 18
Altus Capital completed the acquisition of a 25% stake in Public Joint Stock Company Detsky Mir (MISX:DSKY). Altus Capital made an offer to acquire a 29.9% stake in Public Joint Stock Company Detsky Mir (MISX:DSKY) for RUB 35.4 billion on November 30, 2020. Under the terms, Altus will acquire 220.961 million shares in Detsky Mir at RUB 160 per share. As of December 11, 2020, Altus Capital revised its offer. As per revised offer, Altus Capital made an offer to acquire a 25% stake in Public Joint Stock Company Detsky Mir for RUB 29.6 billion on December 11, 2020. The Offeror will use external financing to purchase the Shares. The transaction is subject to customary closing conditions, including approval from Russian antitrust watchdog for regulatory clearance. Public Joint Stock Company Detsky Mir has formed a special committee composed of Maria Davydova, Evgeniy Madorskiy And Alexander Shevchuk to review implications of offer and to explore strategic alternatives available to company's shareholders. The tender offer will run from December 3, 2020 till December 18, 2020. As of December 11, 2020, tender offer period has been extended to December 24, 2020. Goldman Sachs International acted as a lead financial advisor and Herbert Smith Freehills acted as a legal advisor to the special committee of Public Joint Stock Company Detsky Mir.
Altus Capital completed the acquisition of a 25% stake in Public Joint Stock Company Detsky Mir (MISX:DSKY) on December 16, 2020. Is New 90 Day High Low • Dec 07
New 90-day high: ₽143 The company is up 29% from its price of ₽110 on 08 September 2020. The Russian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₽85.48 per share. Is New 90 Day High Low • Nov 20
New 90-day high: ₽127 The company is up 5.0% from its price of ₽121 on 21 August 2020. The Russian market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Specialty Retail industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₽82.87 per share. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS ₽2.78 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: ₽38.5b (up 14% from 3Q 2019). Net income: ₽2.04b (down 5.1% from 3Q 2019). Profit margin: 5.3% (down from 6.3% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 4% per year. Anuncio • Jun 22
An unknown buyer acquired 13% stake in Public Joint Stock Company Detsky Mir (MISX:DSKY) from Sistema Public Joint Stock Financial Corporation (MISX:AFKS). An unknown buyer acquired 13% stake in Public Joint Stock Company Detsky Mir (MISX:DSKY) from Sistema Public Joint Stock Financial Corporation (MISX:AFKS) on June 19, 2020. As part of the transaction, Sistema’s ownership stake in Detsky Mir has decreased from 33.38% to 20.38%.
An unknown buyer completed the acquisition of 13% stake in Public Joint Stock Company Detsky Mir (MISX:DSKY) from Sistema Public Joint Stock Financial Corporation (MISX:AFKS) on June 19, 2020. 
