NOT FOR DISTRIBUTION
Header cover image

Mining and Metallurgical Company Norilsk Nickel

Market Cap

US$58.0b

Last Updated

2021/05/11 06:37 UTC

Data Sources

Company Financials +

Executive Summary

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. More Details


Snowflake Analysis

Adequate balance sheet average dividend payer.


Similar Companies

Share Price & News

How has Mining and Metallurgical Company Norilsk Nickel's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MNOD is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MNOD's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

5.5%

MNOD

8.4%

GB Metals and Mining

2.4%

GB Market


1 Year Return

27.1%

MNOD

82.8%

GB Metals and Mining

25.6%

GB Market

Return vs Industry: MNOD underperformed the UK Metals and Mining industry which returned 82.8% over the past year.

Return vs Market: MNOD exceeded the UK Market which returned 25.6% over the past year.


Shareholder returns

MNODIndustryMarket
7 Day5.5%8.4%2.4%
30 Day16.3%14.5%3.4%
90 Day6.6%17.6%9.1%
1 Year32.7%27.1%92.2%82.8%31.1%25.6%
3 Year173.7%110.6%67.5%44.0%13.0%-0.03%
5 Year275.2%163.5%275.3%188.0%51.0%22.4%

Long-Term Price Volatility Vs. Market

How volatile is Mining and Metallurgical Company Norilsk Nickel's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

6.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MNOD ($36.63) is trading below our estimate of fair value ($39.18)

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


Price To Earnings Ratio

PE vs Industry: MNOD is poor value based on its PE Ratio (17.1x) compared to the UK Metals and Mining industry average (12.7x).

PE vs Market: MNOD is good value based on its PE Ratio (17.1x) compared to the UK market (26.4x).


Price to Earnings Growth Ratio

PEG Ratio: MNOD is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: MNOD is overvalued based on its PB Ratio (14.4x) 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 15 analysts?

15.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MNOD's forecast earnings growth (15.3% per year) is above the savings rate (0.9%).

Earnings vs Market: MNOD's earnings (15.3% per year) are forecast to grow slower than the UK market (17.4% per year).

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

Revenue vs Market: MNOD's revenue (2.9% per year) is forecast to grow slower than the UK market (5.2% per year).

High Growth Revenue: MNOD's revenue (2.9% per year) is forecast to grow slower than 20% 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 (74.9%).


Past Performance

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

18.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MNOD has high quality earnings.

Growing Profit Margin: MNOD's current net profit margins (21.8%) are lower than last year (42.5%).


Past Earnings Growth Analysis

Earnings Trend: MNOD's earnings have grown by 18.4% per year over the past 5 years.

Accelerating Growth: MNOD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MNOD had negative earnings growth (-41.3%) over the past year, making it difficult to compare to the Metals and Mining industry average (18.4%).


Return on Equity

High ROE: Whilst MNOD's Return on Equity (77.73%) 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 ($8.6B) exceed its short term liabilities ($5.4B).

Long Term Liabilities: MNOD's short term assets ($8.6B) do not cover its long term liabilities ($10.6B).


Debt to Equity History and Analysis

Debt Level: MNOD's debt to equity ratio (206.1%) is considered high.

Reducing Debt: MNOD's debt to equity ratio has reduced from 361.7% to 206.1% over the past 5 years.

Debt Coverage: MNOD's debt is well covered by operating cash flow (86%).

Interest Coverage: MNOD's interest payments on its debt are well covered by EBIT (13.4x coverage).


Balance Sheet


Dividend

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

5.94%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MNOD's dividend (5.94%) is higher than the bottom 25% of dividend payers in the UK market (1.36%).

High Dividend: MNOD's dividend (5.94%) is in the top 25% of dividend payers in the UK market (4.02%)


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 high payout ratio (101.7%), MNOD's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MNOD's dividends in 3 years are forecast to be covered by earnings (58% payout ratio).


Next Steps

Management

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

6.8yrs

Average management tenure


CEO

Vladimir Potanin (59 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 (6.8 years average tenure).


Board Members

Experienced Board: MNOD's board of directors are considered experienced (7.9 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 company bio, 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$57.965b
  • Shares outstanding: 1.58b
  • Website: https://www.nornickel.com

Location

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

Listings


Biography

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...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/11 06:37
End of Day Share Price2021/05/10 00:00
Earnings2020/12/31
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.