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MNOD

Mining and Metallurgical Company Norilsk NickelLSE:MNOD Stock Report

Market Cap

US$47.8b

7D

-1.6%

1Y

30.3%

Updated

25 Sep, 2021

Data

Company Financials +
MNOD fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance4/6
Financial Health4/6
Dividends5/6

MNOD Overview

Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel, together with its subsidiaries, operates as a metals and mining company in Europe, Asia, North and South America, Russia, and the CIS countries.

Mining and Metallurgical Company Norilsk Nickel Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Mining and Metallurgical Company Norilsk Nickel
Historical stock prices
Current Share PriceUS$31.29
52 Week HighUS$23.21
52 Week LowUS$38.21
Beta0.93
1 Month Change-1.79%
3 Month Change-8.78%
1 Year Change30.32%
3 Year Change80.87%
5 Year Change95.81%
Change since IPO269.86%

Recent News & Updates

Shareholder Returns

MNODGB Metals and MiningGB Market
7D-1.6%-0.02%0.6%
1Y30.3%25.3%23.4%

Return vs Industry: MNOD exceeded the UK Metals and Mining industry which returned 25.3% over the past year.

Return vs Market: MNOD exceeded the UK Market which returned 23.4% over the past year.

Price Volatility

Is MNOD's price volatile compared to industry and market?
MNOD volatility
MNOD Beta0.93
Industry Beta0.95
Market Beta1

Stable Share Price: MNOD is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: MNOD's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1997n/aVladimir Potaninhttps://www.nornickel.com

Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel, together with its subsidiaries, operates as a metals and mining company in Europe, Asia, North and South America, Russia, and the CIS countries. The company operates through GMK Group, South Cluster, KGMK Group, NN Harjavalta, GRK Bystrinskoye, Other Mining, and Other Non-Metallurgical segments. It explores for, extracts, and refines ore and nonmetallic minerals; and sale of base and precious metals produced from ore.

Mining and Metallurgical Company Norilsk Nickel Fundamentals Summary

How do Mining and Metallurgical Company Norilsk Nickel's earnings and revenue compare to its market cap?
MNOD fundamental statistics
Market CapUS$47.83b
Earnings (TTM)US$7.48b
Revenue (TTM)US$17.78b

6.4x

P/E Ratio

2.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MNOD income statement (TTM)
RevenueUS$17.78b
Cost of RevenueUS$4.91b
Gross ProfitUS$12.86b
ExpensesUS$5.38b
EarningsUS$7.48b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)4.90
Gross Margin72.36%
Net Profit Margin42.09%
Debt/Equity Ratio192.2%

How did MNOD perform over the long term?

See historical performance and comparison

Dividends

7.0%

Current Dividend Yield

46%

Payout Ratio

Valuation

Is Mining and Metallurgical Company Norilsk Nickel undervalued compared to its fair value and its price relative to the market?

26.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MNOD ($31.29) is trading below our estimate of fair value ($42.46)

Significantly Below Fair Value: MNOD is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MNOD is good value based on its PE Ratio (6.4x) compared to the UK Metals and Mining industry average (7.6x).

PE vs Market: MNOD is good value based on its PE Ratio (6.4x) compared to the UK market (23.4x).


Price to Earnings Growth Ratio

PEG Ratio: MNOD's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: MNOD is overvalued based on its PB Ratio (11.9x) compared to the GB Metals and Mining industry average (2.2x).


Future Growth

How is Mining and Metallurgical Company Norilsk Nickel forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

-3.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MNOD's earnings are forecast to decline over the next 3 years (-3.9% per year).

Earnings vs Market: MNOD's earnings are forecast to decline over the next 3 years (-3.9% per year).

High Growth Earnings: MNOD's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MNOD's revenue is expected to decline over the next 3 years (-0.2% per year).

High Growth Revenue: MNOD's revenue is forecast to decline over the next 3 years (-0.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MNOD's Return on Equity is forecast to be very high in 3 years time (72.3%).


Past Performance

How has Mining and Metallurgical Company Norilsk Nickel performed over the past 5 years?

21.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MNOD has a high level of non-cash earnings.

Growing Profit Margin: MNOD's current net profit margins (42.1%) are higher than last year (20.5%).


Past Earnings Growth Analysis

Earnings Trend: MNOD's earnings have grown significantly by 21.8% per year over the past 5 years.

Accelerating Growth: MNOD's earnings growth over the past year (160.7%) exceeds its 5-year average (21.8% per year).

Earnings vs Industry: MNOD earnings growth over the past year (160.7%) exceeded the Metals and Mining industry 140.8%.


Return on Equity

High ROE: Whilst MNOD's Return on Equity (160.72%) is outstanding, this metric is skewed due to their high level of debt.


Financial Health

How is Mining and Metallurgical Company Norilsk Nickel's financial position?


Financial Position Analysis

Short Term Liabilities: MNOD's short term assets ($5.8B) exceed its short term liabilities ($3.5B).

Long Term Liabilities: MNOD's short term assets ($5.8B) do not cover its long term liabilities ($10.1B).


Debt to Equity History and Analysis

Debt Level: MNOD's debt to equity ratio (192.2%) is considered high.

Reducing Debt: MNOD's debt to equity ratio has reduced from 244% to 192.2% over the past 5 years.

Debt Coverage: MNOD's debt is well covered by operating cash flow (78.8%).

Interest Coverage: MNOD's interest payments on its debt are well covered by EBIT (41.4x coverage).


Balance Sheet


Dividend

What is Mining and Metallurgical Company Norilsk Nickel current dividend yield, its reliability and sustainability?

6.95%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MNOD's dividend (6.95%) is higher than the bottom 25% of dividend payers in the UK market (1.34%).

High Dividend: MNOD's dividend (6.95%) is in the top 25% of dividend payers in the UK market (3.93%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (46%), MNOD's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MNOD's dividends in 3 years are forecast to be covered by earnings (64.9% payout ratio).


Next Steps

Management

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

7.2yrs

Average management tenure


CEO

Vladimir Potanin (60 yo)

no data

Tenure

Mr. Vladimir Olegovich Potanin has been President of PJSC MMC Norilsk Nickel since 2015 and has been its Chairman of the Management Board since 2012 and served as its CEO from 2012 to 2015. He graduated fr...


Leadership Team

Experienced Management: MNOD's management team is seasoned and experienced (7.2 years average tenure).


Board Members

Experienced Board: MNOD's board of directors are considered experienced (5.8 years average tenure).


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 Mining and Metallurgical Company Norilsk Nickel's employee growth, exchange listings and data sources


Key Information

  • Name: Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel
  • Ticker: MNOD
  • Exchange: LSE
  • Founded: 1997
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: US$47.831b
  • Shares outstanding: 1.53b
  • Website: https://www.nornickel.com

Location

  • Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel
  • 15, 1st Krasnogvardeysky Drive
  • Moscow
  • 123100
  • Russia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/25 17:50
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.