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MGNT

Magnit WBAG:MGNT Stock Report

Last Price

₽7.70

Market Cap

₽4.9b

7D

0%

1Y

-37.4%

Updated

23 Apr, 2022

Data

Company Financials +
MGNT fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance3/6
Financial Health1/6
Dividends4/6

MGNT Stock Overview

Public Joint Stock Company Magnit, together with its subsidiaries, engages in the retail and distribution of food and consumer goods under the Magnit name.

Magnit Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Magnit
Historical stock prices
Current Share Price₽7.70
52 Week High₽16.70
52 Week Low₽7.70
Beta0.41
1 Month Change0%
3 Month Change-33.62%
1 Year Change-37.40%
3 Year Change-40.31%
5 Year Changen/a
Change since IPO-65.48%

Recent News & Updates

Shareholder Returns

MGNTAT Consumer RetailingAT Market
7D0%-1.5%0.5%
1Y-37.4%-8.4%6.6%

Return vs Industry: MGNT underperformed the Austrian Consumer Retailing industry which returned -8.4% over the past year.

Return vs Market: MGNT underperformed the Austrian Market which returned 6.6% over the past year.

Price Volatility

Is MGNT's price volatile compared to industry and market?
MGNT volatility
MGNT Average Weekly Movementn/a
Consumer Retailing Industry Average Movement6.3%
Market Average Movement5.7%
10% most volatile stocks in AT Market8.0%
10% least volatile stocks in AT Market3.0%

Stable Share Price: Insufficient data to determine MGNT's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine MGNT's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1994310,924Jan Dunninghttps://www.magnit.com

Public Joint Stock Company Magnit, together with its subsidiaries, engages in the retail and distribution of food and consumer goods under the Magnit name. It operates retail business through convenience stores, cosmetic stores, supermarkets, drogerie stores, pharmacies, and others. As of March 31, 2021, the company operated 39 distribution centers and 21,900 stores, including 15,098 convenience, 471 supermarkets, and 6,331 drogerie stores in 3,770 cities and towns throughout 7 federal regions of Russia.

Magnit Fundamentals Summary

How do Magnit's earnings and revenue compare to its market cap?
MGNT fundamental statistics
Market Cap₽408.36b
Earnings (TTM)₽48.11b
Revenue (TTM)₽1.86t

8.5x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MGNT income statement (TTM)
Revenue₽1.86t
Cost of Revenue₽1.43t
Gross Profit₽431.07b
Other Expenses₽382.97b
Earnings₽48.11b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)491.24
Gross Margin23.22%
Net Profit Margin2.59%
Debt/Equity Ratio151.1%

How did MGNT perform over the long term?

See historical performance and comparison

Dividends

14.1%

Current Dividend Yield

110%

Payout Ratio

Valuation

Is Magnit undervalued compared to its fair value and its price relative to the market?

10.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MGNT (€7.7) is trading below our estimate of fair value (€8.63)

Significantly Below Fair Value: MGNT is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: MGNT is good value based on its PE Ratio (8.5x) compared to the European Consumer Retailing industry average (15.7x).

PE vs Market: MGNT is good value based on its PE Ratio (8.5x) compared to the Austrian market (14.1x).


Price to Earnings Growth Ratio

PEG Ratio: MGNT is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: MGNT is overvalued based on its PB Ratio (2.3x) compared to the XE Consumer Retailing industry average (2x).


Future Growth

How is Magnit forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

14.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MGNT's forecast earnings growth (14.3% per year) is above the savings rate (0.2%).

Earnings vs Market: MGNT's earnings (14.3% per year) are forecast to grow faster than the Austrian market (7.6% per year).

High Growth Earnings: MGNT's earnings are forecast to grow, but not significantly.

Revenue vs Market: MGNT's revenue (11.9% per year) is forecast to grow faster than the Austrian market (2.4% per year).

High Growth Revenue: MGNT's revenue (11.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MGNT's Return on Equity is forecast to be high in 3 years time (27.8%)


Past Performance

How has Magnit performed over the past 5 years?

-4.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MGNT has high quality earnings.

Growing Profit Margin: MGNT's current net profit margins (2.6%) are higher than last year (2.1%).


Past Earnings Growth Analysis

Earnings Trend: MGNT's earnings have declined by 4% per year over the past 5 years.

Accelerating Growth: MGNT's earnings growth over the past year (45.8%) exceeds its 5-year average (-4% per year).

Earnings vs Industry: MGNT earnings growth over the past year (45.8%) underperformed the Consumer Retailing industry 45.8%.


Return on Equity

High ROE: Whilst MGNT's Return on Equity (26.88%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is Magnit's financial position?


Financial Position Analysis

Short Term Liabilities: MGNT's short term assets (RUB320.1B) do not cover its short term liabilities (RUB415.0B).

Long Term Liabilities: MGNT's short term assets (RUB320.1B) do not cover its long term liabilities (RUB615.4B).


Debt to Equity History and Analysis

Debt Level: MGNT's net debt to equity ratio (109.9%) is considered high.

Reducing Debt: MGNT's debt to equity ratio has increased from 65.1% to 151.1% over the past 5 years.

Debt Coverage: MGNT's debt is well covered by operating cash flow (62.7%).

Interest Coverage: MGNT's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet


Dividend

What is Magnit current dividend yield, its reliability and sustainability?

14.12%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MGNT's dividend (14.12%) is higher than the bottom 25% of dividend payers in the Austrian market (1.53%).

High Dividend: MGNT's dividend (14.12%) is in the top 25% of dividend payers in the Austrian market (4.79%)


Stability and Growth of Payments

Stable Dividend: MGNT's dividend payments have been volatile in the past 10 years.

Growing Dividend: MGNT's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (109.8%), MGNT's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (52.6%), MGNT's dividend payments are covered by cash flows.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.7yrs

Average management tenure


CEO

Jan Dunning (62 yo)

3.25yrs

Tenure

Mr. Jan Gezinus Dunning serves as President and Member of Management Board at Public Joint Stock Company Magnit since January 29, 2019 and Chairman of Management Board since 2019. Mr. Dunning has been Chie...


Leadership Team

Experienced Management: MGNT's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: MGNT's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Public Joint Stock Company Magnit's employee growth, exchange listings and data sources


Key Information

  • Name: Public Joint Stock Company Magnit
  • Ticker: MGNT
  • Exchange: WBAG
  • Founded: 1994
  • Industry: Food Retail
  • Sector: Consumer Retailing
  • Implied Market Cap: ₽408.360b
  • Listing Market Cap: ₽4.891b
  • Shares outstanding: 97.93m
  • Website: https://www.magnit.com

Number of Employees


Location

  • Public Joint Stock Company Magnit
  • 15/5 Solnechnaya Street
  • Krasnodar
  • Krasnodarskiy kray
  • 350072
  • Russia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/04/23 00:00
End of Day Share Price2022/02/25 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.