Polymetal International
Market Cap
UK£6.4b
Last Updated
2020/04/03 21:50 UTC
Data Sources
Company Financials +
Executive Summary
Polymetal International plc operates as a precious metals mining company in Russia, Kazakhstan, East Asia, and Europe.
Rewards
Risk Analysis
Snowflake Analysis
Solid track record with adequate balance sheet.
Similar Companies
Share Price & News
How has Polymetal International's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: POLY has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
5.3%
POLY
1.5%
GB Metals and Mining
-2.2%
GB Market
1 Year Return
63.3%
POLY
-29.1%
GB Metals and Mining
-25.9%
GB Market
Return vs Industry: POLY exceeded the UK Metals and Mining industry which returned -28.9% over the past year.
Return vs Market: POLY exceeded the UK Market which returned -25.2% over the past year.
Shareholder returns
| POLY | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.3% | 1.5% | -2.2% |
| 30 Day | 5.5% | -17.2% | -21.7% |
| 90 Day | 13.1% | -26.2% | -29.6% |
| 1 Year | 72.7%63.3% | -23.4%-29.1% | -22.2%-25.9% |
| 3 Year | 47.1%28.7% | 5.6%-12.1% | -16.1%-26.6% |
| 5 Year | 198.8%136.6% | 39.5%5.8% | -4.6%-26.2% |
Price Volatility Vs. Market
How volatile is Polymetal International's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall St
Can Polymetal International plc's (LON:POLY) ROE Continue To Surpass The Industry Average?1 year ago | Simply Wall St
Will Polymetal International Plc's (LON:POLY) Earnings Grow In The Next 12 Months?1 year ago | Simply Wall St
These Factors Make Polymetal International Plc (LON:POLY) A Great InvestmentValuation
Is Polymetal International undervalued compared to its fair value and its price relative to the market?
25.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: POLY (£13.69) is trading below our estimate of fair value (£18.46)
Significantly Below Fair Value: POLY is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: POLY is poor value based on its PE Ratio (16.4x) compared to the Metals and Mining industry average (7x).
PE vs Market: POLY is poor value based on its PE Ratio (16.4x) compared to the UK market (12.4x).
Price to Earnings Growth Ratio
PEG Ratio: POLY is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: POLY is overvalued based on its PB Ratio (4.1x) compared to the GB Metals and Mining industry average (0.8x).
Next Steps
Future Growth
How is Polymetal International forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
14.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: POLY's forecast earnings growth (14.3% per year) is above the savings rate (0.5%).
Earnings vs Market: POLY's earnings (14.3% per year) are forecast to grow slower than the UK market (15.3% per year).
High Growth Earnings: POLY's earnings are forecast to grow, but not significantly.
Revenue vs Market: POLY's revenue (4.3% per year) is forecast to grow faster than the UK market (2.4% per year).
High Growth Revenue: POLY's revenue (4.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: POLY's Return on Equity is forecast to be high in 3 years time (28.4%)
Next Steps
Past Performance
How has Polymetal International performed over the past 5 years?
37.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: POLY has high quality earnings.
Growing Profit Margin: POLY's current net profit margins (21.4%) are higher than last year (18.8%).
Past Earnings Growth Analysis
Earnings Trend: POLY has become profitable over the past 5 years, growing earnings by 37.4% per year.
Accelerating Growth: POLY's earnings growth over the past year (35.6%) is below its 5-year average (37.4% per year).
Earnings vs Industry: POLY earnings growth over the past year (35.6%) exceeded the Metals and Mining industry 7.2%.
Return on Equity
High ROE: POLY's Return on Equity (24.8%) is considered high.
Next Steps
Financial Health
How is Polymetal International's financial position?
Financial Position Analysis
Short Term Liabilities: POLY's short term assets ($1.2B) exceed its short term liabilities ($431.0M).
Long Term Liabilities: POLY's short term assets ($1.2B) do not cover its long term liabilities ($1.9B).
Debt to Equity History and Analysis
Debt Level: POLY's debt to equity ratio (88.8%) is considered high.
Reducing Debt: POLY's debt to equity ratio has reduced from 152.1% to 88.8% over the past 5 years.
Debt Coverage: POLY's debt is well covered by operating cash flow (40.2%).
Interest Coverage: POLY's interest payments on its debt are well covered by EBIT (11.9x coverage).
Balance Sheet
Inventory Level: POLY has a high level of physical assets or inventory.
Debt Coverage by Assets: POLY's debt is not covered by short term assets (assets are 0.7x debt).
Next Steps
Dividend
What is Polymetal International's current dividend yield, its reliability and sustainability?
3.70%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: POLY's dividend (3.7%) is higher than the bottom 25% of dividend payers in the UK market (2.68%).
High Dividend: POLY's dividend (3.7%) is low compared to the top 25% of dividend payers in the UK market (7.57%).
Stability and Growth of Payments
Stable Dividend: POLY has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: POLY's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (60.7%), POLY's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: POLY's dividends in 3 years are forecast to be covered by earnings (60.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.6yrs
Average management tenure
CEO
Vitaly Nesis (43yo)
8.58s
Tenure
US$920,868
Compensation
Mr. Vitaly N. Nesis has been Group Chief Executive Officer of Polymetal International Plc since December 1, 2014. Mr. Nesis served as the Chief Executive Officer of Joint Stock Company Polymetal since 2003 ...
CEO Compensation Analysis
Compensation vs Market: Vitaly's total compensation ($USD920.87K) is below average for companies of similar size in the UK market ($USD3.38M).
Compensation vs Earnings: Vitaly's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Executive Director | 8.58yrs | US$920.87k | 0.70% $45.0m | |
| Chief Financial Officer | 3.25yrs | no data | 0.010% $675.5k | |
| Chief Operating Officer | 11.25yrs | no data | 0.013% $862.3k | |
| Director of Corporate Finance | 11.25yrs | no data | no data | |
| Deputy Director of Science & Technology | no data | no data | no data | |
| Chief Legal Officer | 5yrs | no data | 0.0096% $618.8k | |
| Deputy Chief Executive Officer of Human Resources | 5yrs | no data | no data | |
| Managing Director of JSC Polymetal Engineering | 16.25yrs | no data | 0.054% $3.5m | |
| Executive Vice President of Business Performance | 3.25yrs | no data | no data | |
| Deputy Chief Executive Officer of Strategic Development | 11.25yrs | no data | 0.016% $1.0m |
8.6yrs
Average Tenure
50yo
Average Age
Experienced Management: POLY's management team is seasoned and experienced (8.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Executive Director | 8.58yrs | US$920.87k | 0.70% $45.0m | |
| Independent Chairman | 1yr | US$239.52k | 0.0062% $401.2k | |
| Senior Independent Non-Executive Director | 2yrs | US$214.11k | 0.0032% $205.4k | |
| Independent Non-Executive Director | 0.33yr | US$11.79k | no data | |
| Non-Executive Director | 8.58yrs | no data | no data | |
| Independent Non-Executive Director | 2.25yrs | US$231.68k | no data | |
| Non-Executive Director | 8.58yrs | no data | no data | |
| Independent Non-Executive Director | 5.75yrs | US$182.24k | 0.0012% $75.3k | |
| Independent Non-Executive Director | 2.25yrs | US$193.44k | no data | |
| Independent Non-Executive Director | 0.25yr | no data | no data |
2.3yrs
Average Tenure
55yo
Average Age
Experienced Board: POLY's board of directors are not considered experienced ( 2.3 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 been diluted in the past year, with total shares outstanding growing by 4.7%.
Top Shareholders
Company Information
Polymetal International plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Polymetal International plc
- Ticker: POLY
- Exchange: LSE
- Founded: 1998
- Industry: Gold
- Sector: Materials
- Market Cap: UK£6.440b
- Shares outstanding: 470.38m
- Website: https://www.polymetalinternational.com
Number of Employees
Location
- Polymetal International plc
- Parthenonos, 6
- 3rd Floor
- Limassol
- 3031
- Cyprus
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| POLY | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Oct 2011 |
| PM6 | MUN (Boerse Muenchen) | Yes | Ordinary Shares | DE | EUR | Oct 2011 |
| POLYL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Oct 2011 |
| POYY.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Oct 2011 |
| POLY | MISX (Micex - Rts) | Yes | Ordinary Shares | RU | RUB | Oct 2011 |
| PM6 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Oct 2011 |
| AUCO.Y | OTCPK (Pink Sheets LLC) | SPONSORED ADR | US | USD | Aug 2013 |
Biography
Polymetal International plc operates as a precious metals mining company in Russia, Kazakhstan, East Asia, and Europe. The company operates through five segments: Magadan, Ural, Khabarovsk, Kazakhstan, and Yakutia. It is involved in the exploration, extraction, processing, and reclamation of gold, silver, copper, zinc, and platinum group metals. The company’s flagship project is the Kyzyl property located in the East Kazakhstan Region, Kazakhstan. Polymetal International plc was founded in 1998 and is headquartered in Saint Petersburg, Russia.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/03 21:50 |
| End of Day Share Price | 2020/04/03 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.