LSE:POG

Stock Analysis Report

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Executive Summary

Petropavlovsk PLC operates as a gold mining company in the Far East of Russia.


Snowflake Analysis

High growth potential with mediocre balance sheet.


Similar Companies

Share Price & News

How has Petropavlovsk's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: POG's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

4.7%

POG

0.9%

GB Metals and Mining

2.2%

GB Market


1 Year Return

200.9%

POG

-4.3%

GB Metals and Mining

-10.0%

GB Market

Return vs Industry: POG exceeded the UK Metals and Mining industry which returned -1% over the past year.

Return vs Market: POG exceeded the UK Market which returned -9.5% over the past year.


Shareholder returns

POGIndustryMarket
7 Day4.7%0.9%2.2%
30 Day3.8%16.2%9.6%
90 Day13.6%9.2%-2.6%
1 Year200.9%200.9%3.0%-4.3%-5.7%-10.0%
3 Year190.9%190.9%39.8%16.2%-1.8%-13.8%
5 Year278.8%278.8%71.2%33.1%15.5%-10.2%

Price Volatility Vs. Market

How volatile is Petropavlovsk's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: POG (£0.25) is trading below our estimate of fair value (£0.52)

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


Price To Earnings Ratio

PE vs Industry: POG is poor value based on its PE Ratio (38.3x) compared to the Metals and Mining industry average (8.1x).

PE vs Market: POG is poor value based on its PE Ratio (38.3x) compared to the UK market (15x).


Price to Earnings Growth Ratio

PEG Ratio: POG is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: POG is overvalued based on its PB Ratio (1.6x) compared to the GB Metals and Mining industry average (1.2x).


Next Steps

Future Growth

How is Petropavlovsk forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

24.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: POG's forecast earnings growth (24.4% per year) is above the savings rate (1.2%).

Earnings vs Market: POG's earnings (24.4% per year) are forecast to grow faster than the UK market (20.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: POG's revenue (10.6% per year) is forecast to grow faster than the UK market (3.5% per year).

High Growth Revenue: POG's revenue (10.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: POG's Return on Equity is forecast to be high in 3 years time (23.6%)


Next Steps

Past Performance

How has Petropavlovsk performed over the past 5 years?

66.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: POG has high quality earnings.

Growing Profit Margin: POG's current net profit margins (3.6%) are lower than last year (4.9%).


Past Earnings Growth Analysis

Earnings Trend: POG has become profitable over the past 5 years, growing earnings by 66.1% per year.

Accelerating Growth: POG's earnings growth over the past year (9.8%) is below its 5-year average (66.1% per year).

Earnings vs Industry: POG earnings growth over the past year (9.8%) underperformed the Metals and Mining industry 9.8%.


Return on Equity

High ROE: POG's Return on Equity (4%) is considered low.


Next Steps

Financial Health

How is Petropavlovsk's financial position?


Financial Position Analysis

Short Term Liabilities: POG's short term assets ($467.7M) exceed its short term liabilities ($395.2M).

Long Term Liabilities: POG's short term assets ($467.7M) do not cover its long term liabilities ($821.3M).


Debt to Equity History and Analysis

Debt Level: POG's debt to equity ratio (95.9%) is considered high.

Reducing Debt: POG's debt to equity ratio has reduced from 130.6% to 95.9% over the past 5 years.

Debt Coverage: POG's debt is not well covered by operating cash flow (15.7%).

Interest Coverage: POG's interest payments on its debt are well covered by EBIT (3.1x coverage).


Balance Sheet


Next Steps

Dividend

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

1.80%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate POG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate POG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if POG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if POG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: POG is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of POG's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

2.2yrs

Average management tenure


CEO

Pavel Maslovskiy (63yo)

2yrs

Tenure

US$1,315,812

Compensation

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 in 1994 and served as its Chief  ...


CEO Compensation Analysis

Compensation vs Market: Pavel's total compensation ($USD1.66M) is above average for companies of similar size in the UK market ($USD1.15M).

Compensation vs Earnings: Pavel's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Pavel Maslovskiy
CEO & Director2yrsUS$1.32m0.53% $4.3m
Sergey Ermolenko
General Director of Management Company Petropavlovsk2.17yrsUS$495.40k0.044% $362.5k
Andrey Maruta
Consultant2.17yrsUS$414.01kno data
Danila Kotlyarov
CFO & Executive Director0.17yrno datano data
Patrick Pittaway
Head of Investor Relationsno datano datano data
Anna-Karolina Subczynska-Samberger
Group Head of Legal Affairsno dataUS$221.36kno data
Peter Charles Percival Hambro
Senior Adviser to the Boardno dataUS$980.27kno data
Alexey Maslvoskiy
Group Head of Business Development13.92yrsUS$157.79kno data
Alfiya Samokhvalova
Deputy Chief Executive Officer9.42yrsUS$143.94kno data
Dmitrii Chekashkin
Group Executive of Business Transformation & Operational Efficiency and Group’s Chief Risk Officer15.42yrsUS$100.00kno data

2.2yrs

Average Tenure

49.5yo

Average Age

Experienced Management: POG's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Pavel Maslovskiy
CEO & Director2yrsUS$1.32m0.53% $4.3m
Danila Kotlyarov
CFO & Executive Director0.17yrno datano data
George Hambro
Non Executive Chairman of IRC10.42yrsUS$19.20kno data
Robert John Jenkins
Independent Non-Executive Director2yrsUS$123.00k0.0076% $61.7k
Harry J. Kenyon-Slaney
Senior Independent Director1.17yrsUS$83.15k0.0076% $61.7k
Damien Hackett
Independent Non-Executive Director1.67yrsUS$80.00kno data
Roderic Michael Lyne
Non-Executive Chairman2yrsUS$150.00kno data
Michael Shelkov
Deputy Chairman of Peter Hambro Mining12.75yrsno datano data
James Cameron
Independent Non-Executive Director1.67yrsUS$80.00kno data
Katia Ray
Independent Non-Executive Director0.58yrUS$11.59kno data

1.8yrs

Average Tenure

63yo

Average Age

Experienced Board: POG's board of directors are not considered experienced ( 1.8 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Petropavlovsk PLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Petropavlovsk PLC
  • Ticker: POG
  • Exchange: LSE
  • Founded: 1994
  • Industry: Gold
  • Sector: Materials
  • Market Cap: UK£817.622m
  • Shares outstanding: 3.31b
  • Website: https://www.petropavlovsk.net

Number of Employees


Location

  • Petropavlovsk PLC
  • 11 Grosvenor Place
  • Belgravia
  • London
  • Greater London
  • SW1X 7HH
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
POGLSE (London Stock Exchange)YesOrdinary SharesGBGBPApr 2002
PHZDB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 2002
POGLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPApr 2002

Biography

Petropavlovsk PLC operates as a gold mining company in the Far East of Russia. Its flagship project is the Albyn project that includes 3 licenses covering an area of 1,053 square kilometers located on the MongoloOkhotskiy thrust zone. The company also produces silver deposits. In addition, it provides management, finance, construction, project and engineering, research, repair and maintenance, and transportation services; produces explosive materials; and operates educational institutes. Petropavlovsk PLC was founded in 1994 and is based in London, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/04 20:49
End of Day Share Price2020/06/04 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.