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Petropavlovsk

LSE:POG
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
POG
LSE
£316M
Market Cap
  1. Home
  2. GB
  3. Materials
Company description

Petropavlovsk PLC operates as a gold exploration, development, and mining company in the Russian Far East. The last earnings update was 58 days ago. More info.


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POG Share Price and Events
7 Day Returns
12.4%
LSE:POG
-0.1%
GB Metals and Mining
0.3%
GB Market
1 Year Returns
21%
LSE:POG
2.7%
GB Metals and Mining
-3.8%
GB Market
POG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Petropavlovsk (POG) 12.4% 15.8% 17.3% 21% 29.6% -79%
GB Metals and Mining -0.1% 7.4% 3.9% 2.7% 95.2% 29.4%
GB Market 0.3% 1.8% 2.4% -3.8% 18.5% 4.5%
1 Year Return vs Industry and Market
  • POG outperformed the Metals and Mining industry which returned 2.7% over the past year.
  • POG outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -3.8% over the past year.
Price Volatility
POG
Industry
5yr Volatility vs Market

POG Value

 Is Petropavlovsk undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Petropavlovsk to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Petropavlovsk.

LSE:POG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.6%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:POG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.035 (1 + (1- 19%) (148.05%))
1.856
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.856 * 6.65%)
13.57%

Discounted Cash Flow Calculation for LSE:POG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Petropavlovsk is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

LSE:POG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 13.57%)
2019 109.00 Analyst x1 95.98
2020 96.00 Analyst x1 74.43
2021 87.85 Est @ -8.49% 59.98
2022 82.95 Est @ -5.58% 49.87
2023 80.02 Est @ -3.54% 42.36
2024 78.33 Est @ -2.11% 36.51
2025 77.47 Est @ -1.11% 31.79
2026 77.15 Est @ -0.41% 27.88
2027 77.21 Est @ 0.08% 24.57
2028 77.54 Est @ 0.43% 21.73
Present value of next 10 years cash flows $465.09
LSE:POG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $77.54 × (1 + 1.23%) ÷ (13.57% – 1.23%)
$636.10
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $636.10 ÷ (1 + 13.57%)10
$178.24
LSE:POG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $465.09 + $178.24
$643.33
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $643.33 / 3,310.21
$0.19
LSE:POG Discount to Share Price
Calculation Result
Exchange Rate USD/GBP
(Reporting currency to currency of LSE:POG)
0.788
Value per Share
(GBP)
= Value per Share in USD x Exchange Rate (USD/GBP)
= $0.19 x 0.788
£0.15
Value per share (GBP) From above. £0.15
Current discount Discount to share price of £0.10
= -1 x (£0.10 - £0.15) / £0.15
37.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Petropavlovsk is available for.
Intrinsic value
38%
Share price is £0.0955 vs Future cash flow value of £0.15308
Current Discount Checks
For Petropavlovsk to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Petropavlovsk's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Petropavlovsk's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Petropavlovsk's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Petropavlovsk's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:POG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.01
LSE:POG Share Price ** LSE (2019-06-21) in GBP £0.1
LSE:POG Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.27 $0.12
United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry PE Ratio Median Figure of 37 Publicly-Listed Metals and Mining Companies 10.12x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 787 Publicly-Listed Companies 16.39x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Petropavlovsk.

LSE:POG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:POG Share Price ÷ EPS (both in USD)

= 0.12 ÷ 0.01

16.36x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Petropavlovsk is overvalued based on earnings compared to the GB Metals and Mining industry average.
  • Petropavlovsk is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Petropavlovsk's expected growth come at a high price?
Raw Data
LSE:POG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.36x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry PEG Ratio Median Figure of 30 Publicly-Listed Metals and Mining Companies 0.82x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 573 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Petropavlovsk, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Petropavlovsk's assets?
Raw Data
LSE:POG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.18
LSE:POG Share Price * LSE (2019-06-21) in GBP £0.1
LSE:POG Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.27 $0.12
United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry PB Ratio Median Figure of 117 Publicly-Listed Metals and Mining Companies 0.9x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,371 Publicly-Listed Companies 1.49x
LSE:POG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:POG Share Price ÷ Book Value per Share (both in USD)

= 0.12 ÷ 0.18

0.68x

* Primary Listing of Petropavlovsk.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Petropavlovsk is good value based on assets compared to the GB Metals and Mining industry average.
X
Value checks
We assess Petropavlovsk's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Petropavlovsk has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

POG Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.6%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Petropavlovsk expected to grow at an attractive rate?
  • Unable to compare Petropavlovsk's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Petropavlovsk's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Petropavlovsk's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:POG Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:POG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 10.6%
United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 0.8%
United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:POG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:POG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 615 162 2
2019-12-31 577 107 18 3
LSE:POG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 500 217 24
2018-09-30 527 197 7
2018-06-30 554 177 -6
2018-03-31 571 151 18
2017-12-31 587 124 37
2017-09-30 589 103 45
2017-06-30 591 82 48
2017-03-31 566 59 41
2016-12-31 541 37 34
2016-09-30 549 79 -60
2016-06-30 557 122 -153
2016-03-31 578 113 -172

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Petropavlovsk is high growth as no earnings estimate data is available.
  • Petropavlovsk's revenue is expected to grow by 10.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:POG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Petropavlovsk Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:POG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31 0.01 0.01 0.01 1.00
LSE:POG Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.01
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 0.01
2017-12-31 0.01
2017-09-30 0.01
2017-06-30 0.01
2017-03-31 0.01
2016-12-31 0.01
2016-09-30 -0.02
2016-06-30 -0.05
2016-03-31 -0.06

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Petropavlovsk is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Petropavlovsk's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Petropavlovsk has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

POG Past Performance

  How has Petropavlovsk performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Petropavlovsk's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Petropavlovsk has delivered over 20% year on year earnings growth in the past 5 years.
  • Petropavlovsk's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Petropavlovsk's 1-year earnings growth is negative, it can't be compared to the GB Metals and Mining industry average.
Earnings and Revenue History
Petropavlovsk's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Petropavlovsk Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:POG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 499.78 24.49 207.48
2018-09-30 526.80 6.58 208.39
2018-06-30 553.83 -5.96 205.06
2018-03-31 570.62 18.21 203.84
2017-12-31 587.42 37.01 206.86
2017-09-30 589.10 45.11 195.30
2017-06-30 590.78 47.85 187.98
2017-03-31 565.73 40.78 172.52
2016-12-31 540.68 33.72 157.07
2016-09-30 548.64 -59.76 152.60
2016-06-30 556.59 -153.25 148.13
2016-03-31 578.25 -171.70 157.37
2015-12-31 599.91 -190.16 166.61
2015-09-30 654.56 -192.16 174.87
2015-06-30 709.20 -194.16 183.13
2015-03-31 787.08 -189.23 199.66
2014-12-31 864.96 -184.30 216.19
2014-09-30 1,006.36 -62.90 248.92
2014-06-30 1,147.75 58.50 281.64
2014-03-31 1,173.77 -225.27 310.22
2013-12-31 1,199.78 -509.04 338.80
2013-06-30 1,193.73 -601.15 332.70
2013-03-31 1,214.61 -300.89 367.60
2012-12-31 1,235.49 -0.63 402.49
2012-09-30 1,354.67 -9.83 701.24
2012-06-30 1,334.17 139.99 658.75

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Petropavlovsk has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Petropavlovsk used its assets less efficiently than the GB Metals and Mining industry average last year based on Return on Assets.
  • Petropavlovsk has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Petropavlovsk's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Petropavlovsk has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

POG Health

 How is Petropavlovsk's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Petropavlovsk's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Petropavlovsk is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Petropavlovsk's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Petropavlovsk's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Petropavlovsk Company Filings, last reported 5 months ago.

LSE:POG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 601.35 594.18 26.15
2018-09-30 601.35 594.18 26.15
2018-06-30 572.06 598.80 33.11
2018-03-31 572.06 598.80 33.11
2017-12-31 566.43 596.47 11.42
2017-09-30 579.11 596.47 11.42
2017-06-30 585.45 602.79 32.67
2017-03-31 585.45 602.79 32.67
2016-12-31 570.33 611.21 12.64
2016-09-30 549.63 611.21 12.64
2016-06-30 513.78 615.94 18.31
2016-03-31 513.78 615.94 18.31
2015-12-31 510.97 638.28 28.24
2015-09-30 510.97 638.28 28.24
2015-06-30 846.43 727.22 31.10
2015-03-31 846.43 727.22 31.10
2014-12-31 745.37 977.80 48.08
2014-09-30 745.37 977.80 48.08
2014-06-30 1,009.48 987.78 63.80
2014-03-31 1,009.48 987.78 63.80
2013-12-31 1,112.34 1,119.01 170.60
2013-06-30 1,112.99 1,212.63 58.55
2013-03-31 1,112.99 1,212.63 58.55
2012-12-31 1,656.11 1,222.52 159.23
2012-09-30 1,656.11 1,222.52 159.23
2012-06-30 1,902.87 1,319.97 190.21
  • Petropavlovsk's level of debt (98.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (100.6% vs 98.8% today).
  • Debt is well covered by operating cash flow (36.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4x coverage).
X
Financial health checks
We assess Petropavlovsk's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Petropavlovsk has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

POG Dividends

 What is Petropavlovsk's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Petropavlovsk dividends. Estimated to be 0% next year.
If you bought £2,000 of Petropavlovsk shares you are expected to receive £0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Petropavlovsk's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Petropavlovsk's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:POG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 6.5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 706 Stocks 4.3%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:POG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31 0.00 1.00
LSE:POG Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2014-08-28 0.000 0.000
2014-05-01 0.000 0.000
2014-04-29 0.000 0.000
2013-08-29 0.000 0.000
2013-03-28 0.104 6.042
2012-03-28 0.179 3.146
2012-03-27 0.190 1.934
2011-03-31 0.153 1.366
2011-03-30 0.160 0.972
2010-08-26 0.092 0.560
2010-04-19 0.113 0.648
2010-03-25 0.104 0.560
2010-01-21 0.104 0.714
2009-08-27 0.113 0.659

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Petropavlovsk has not reported any payouts.
  • Unable to verify if Petropavlovsk's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Petropavlovsk's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Petropavlovsk has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Petropavlovsk's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.
X
Income/ dividend checks
We assess Petropavlovsk's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Petropavlovsk afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Petropavlovsk has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

POG Management

 What is the CEO of Petropavlovsk's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Pavel Maslovskiy
COMPENSATION $977,428
AGE 62
TENURE AS CEO 1 years
CEO Bio

Dr. Pavel Alexeyevich Maslovskiy has been a Director and Chief Executive Officer of Petropavlovsk PLC since June 29, 2018. Dr. Maslovskiy is Co-Founder of Petropavlovsk plc and served as its Chief Executive Officer since November 5, 2014 until July 17, 2017. Dr. Maslovskiy served as Honorary President of Petropavlovsk plc since 2012 until November 2014. Dr. Maslovskiy is Founder and Chairman of the Board of Directors of Petropavlovsk Foundation. He founded the Company “Pokrovsky Mine” in 1994. He served as the Chief Executive Officer at Petropavlovsk Plc from April 22, 2009 to December 20, 2011 and served as its Chief Operating Officer since July 2006. He has extensive experience in the operational management of mining and processing operations in precious and non-precious metals. He served as the Chief Operating Officer of OJSC Pokrovskiy Rudnik (formerly, JSCP) and served as its Executive Chairman since 1994. He served as Non-Executive Chairman at IRC Limited (formerly, Aricom Plc) from August 1, 2006 to April 22, 2009. He served as Deputy Chairman of Petropavlovsk Plc since 1994. He served as Joint Deputy Chairman of IRC Limited since January 12, 2006. He served as an Executive Director of Petropavlovsk PLC since October 15, 2014 until July 17, 2017. He serves as Director Emeritus at IRC Limited. Dr. Maslovskiy served as Non Executive Director at IRC Limited from September 3, 2010 to December 20, 2011 and previously served the same position from December 12, 2003 to April 22, 2009. He served as Director of Petropavlovsk PLC until December 20, 2011. He served as a Non-Executive Director of Russian Timber Group Limited (Also known as Tynda Forest Holdings Ltd.). Dr. Maslovskiy was elected as a Member of the Amur Region Duma (the regional parliament of the Amur Region) on 4th December 2011 and was appointed as Senator and Member of the Federation Council of Russia (the Upper House of the Russian Parliament) in December 2011. He is a Member of the Council Committee for Agrarian and Food Policy and Environmental Management. He was an Associate Professor of Metallurgy at the Moscow Aircraft Technology Institute. Dr. Maslovskiy graduated from the Moscow Aircraft Technology Institute in Engineering Applications of the theory of plasticity. Dr. Maslovskiy serves as Director of XAU Resources Inc.

CEO Compensation
  • Pavel's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Pavel's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Petropavlovsk management team in years:

1.2
Average Tenure
62
Average Age
  • The average tenure for the Petropavlovsk management team is less than 2 years, this suggests a new team.
Management Team

Pavel Maslovskiy

TITLE
CEO & Director
COMPENSATION
$977K
AGE
62
TENURE
1 yrs

Sergey Ermolenko

TITLE
General Director of Management Company Petropavlovsk
COMPENSATION
$495K
AGE
65
TENURE
1.2 yrs

Andrey Maruta

TITLE
Consultant
COMPENSATION
$414K
AGE
42
TENURE
1.2 yrs

Alexey Dubynin

TITLE
Chief Financial Officer
TENURE
0.9 yrs

Dmitry Chekashkin

TITLE
Chief Operating Officer
COMPENSATION
$100K
TENURE
6.1 yrs

Patrick Pittaway

TITLE
Head of Investor Relations

Anna-Karolina Subczynska-Samberger

TITLE
Group Head of Legal Affairs
COMPENSATION
$221K
AGE
40

Peter Charles Percival Hambro

TITLE
Senior Adviser to the Board
COMPENSATION
$980K
AGE
73

Alexey Maslvoskiy

TITLE
Group Head of Business Development
COMPENSATION
$158K
TENURE
12.9 yrs

Nikolai Vlasov

TITLE
Group Chief Geologist
Board of Directors Tenure

Average tenure and age of the Petropavlovsk board of directors in years:

1
Average Tenure
52.5
Average Age
  • The average tenure for the Petropavlovsk board of directors is less than 3 years, this suggests a new board.
Board of Directors

Roderic Michael Lyne

TITLE
Non-Executive Chairman
COMPENSATION
$76K
AGE
69
TENURE
1 yrs

George Hambro

TITLE
Non Executive Chairman of IRC
COMPENSATION
$19K
AGE
43
TENURE
9.4 yrs

Cory Kent

TITLE
AGE
48
TENURE
1.3 yrs

Michael Shelkov

TITLE
Deputy Chairman of Peter Hambro Mining
TENURE
11.8 yrs

Harry J. Kenyon-Slaney

TITLE
Senior Independent Director
COMPENSATION
$11K
AGE
57
TENURE
0.2 yrs

Bektas Mukazhanov

TITLE
Non-Executive Director
COMPENSATION
$32K
TENURE
0.9 yrs

James Cameron

TITLE
Independent Non-Executive Director
COMPENSATION
$16K
TENURE
0.7 yrs

Damien Hackett

TITLE
Independent Non-Executive Director
COMPENSATION
$16K
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
X
Management checks
We assess Petropavlovsk's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Petropavlovsk has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

POG News

Simply Wall St News

Is Petropavlovsk PLC's (LON:POG) Balance Sheet A Threat To Its Future?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … So, understanding the company's financial health becomes. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

Did Petropavlovsk PLC's (LON:POG) Recent Earnings Growth Beat The Trend?

In this article, I will take a look at Petropavlovsk PLC's (LON:POG) most recent earnings update (31 December 2017) and compare these latest figures against its performance over the past few years, along with how the rest of POG's industry performed. … How Did POG's Recent Performance Stack Up Against Its Past. … POG recently turned a profit of UK£42.38m (most recent trailing twelve-months) compared to its average loss of -UK£70.44m over the past five years

Simply Wall St -

Why Petropavlovsk PLC (LON:POG) May Not Be As Efficient As Its Industry

ROE can be split up into three useful ratios: net profit margin, asset turnover, and financial leverage. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity LSE:POG Last Perf May 18th 18 The first component is profit margin, which measures how much of sales is retained after the company pays for all its expenses. … And finally, financial leverage is simply how much of assets are funded by equity, which exhibits how sustainable the company’s capital structure is.

Simply Wall St -

Petropavlovsk PLC's (LON:POG) Poor Growth Outlook Brings Concerns

A consensus of GB metals and mining analysts covering the stock indicates that its revenue level is expected to decline by -10.66% in the upcoming year, however, future earnings are expected to grow. … Alarm bells rang in my head when I saw POG's high level of debt, which has been increasing over the past five years, exceeding its total level of equity. … Although, comparing POG's current share price to its peers based on its industry and earnings level, it's undervalued by 73.08%, with a PE ratio of 7.4x vs.

Simply Wall St -

Who Owns Petropavlovsk PLC (LON:POG)?

Today, I will be analyzing Petropavlovsk PLC’s (LSE:POG) recent ownership structure, an important but not-so-popular subject among individual investors. … Insider Ownership Another important group of shareholders are company insiders. … Private Company Ownership Another important group of owners for potential investors in POG are private companies that hold a stake of 23.01% in POG.

Simply Wall St -

Is It Too Late To Buy Petropavlovsk PLC (LON:POG)?

LSE:POG Future Profit Mar 8th 18 Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. … Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. … Its future outlook isn’t fully reflected in the current share price yet, which means it’s not too late to buy POG.

Simply Wall St -

Petropavlovsk PLC (LON:POG): Time For A Financial Health Check

Additionally, POG has produced US$37.00M in operating cash flow in the last twelve months, leading to an operating cash to total debt ratio of 6.05%, indicating that POG’s current level of operating cash is not high enough to cover debt. … Looking at POG’s most recent US$143.23M liabilities, it appears that the company has been able to meet these commitments with a current assets level of US$293.12M, leading to a 2.05x current account ratio. … In POG's, case, the ratio of 2.49x suggests that interest is not strongly covered, which means that debtors may be less inclined to loan the company more money, reducing its headroom for growth through debt.Next Steps: POG’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

Will Petropavlovsk PLC (LON:POG) Continue To Underperform Its Industry?

View our latest analysis for Petropavlovsk Breaking down ROE — the mother of all ratios Return on Equity (ROE) is a measure of Petropavlovsk’s profit relative to its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Petropavlovsk’s equity capital deployed. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity LSE:POG Last Perf Jan 5th 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.

Simply Wall St -

What Do Current Expectations Tell Us About Petropavlovsk PLC's (LON:POG) Net Income In The Years Ahead?

Margin Calculation for POG Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 47.85 Million ÷ 590.78 Million = 8.10% There has been a contraction in Petropavlovsk's margin over the past five years, as a result of net income declining at -19.37% on average, which was more than the average fall in revenue of -10.26%, meaning that the decrease in revenue has coincided with a smaller portion falling to the bottom line. … Understanding what could be driving Petropavlovsk's future earnings It is expected that margins will shift towards expansion, with an expectation of 8.43% in annual revenue growth and a forecasted 13.37% in annual net income growth. … But as a result of improved cost efficiency, net income growth is expected to exceed revenue growth, which is causing the expectation for margins to expand.

Simply Wall St -

Is Petropavlovsk PLC (LON:POG) Overpaying Its CEO?

I believe earnings is a cleaner proxy, since many factors can impact share price, and therefore, TSR. … Given earnings are moving the right way, CEO pay should mirror Ermolenko's value creation for shareholders. … Hopefully this article has given you insight on how shareholders should think about POG's governance policies such as CEO pay.

Simply Wall St -

POG Company Info

Description

Petropavlovsk PLC operates as a gold exploration, development, and mining company in the Russian Far East. The company’s principal mining assets include Pioneer, Albyn, Pokrovskiy, and Malomir located in the Amur region. It also produces silver deposits. In addition, the company provides management, finance, construction, project and engineering, research, repair and maintenance, transportation services; produces explosive materials; and operates educational institutes. Petropavlovsk PLC was founded in 1994 and is based in London, the United Kingdom.

Details
Name: Petropavlovsk PLC
POG
Exchange: LSE
Founded: 1994
£316,125,081
3,310,210,281
Website: http://www.petropavlovsk.net
Address: Petropavlovsk PLC
11 Grosvenor Place,
Belgravia,
London,
Greater London, SW1X 7HH,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE POG Ordinary Shares London Stock Exchange GB GBP 29. Apr 2002
DB PHZ Ordinary Shares Deutsche Boerse AG DE EUR 29. Apr 2002
BATS-CHIXE POGL Ordinary Shares BATS 'Chi-X Europe' GB GBP 29. Apr 2002
Number of employees
Current staff
Staff numbers
8,900
Petropavlovsk employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/23 20:38
End of day share price update: 2019/06/21 00:00
Last estimates confirmation: 2019/06/20
Last earnings filing: 2019/04/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.