company background image
POLY

Polymetal InternationalLSE:POLY Stock Report

Last Price

UK£12.47

Market Cap

UK£5.9b

7D

4.1%

1Y

-25.5%

Updated

20 Jan, 2022

Data

Company Financials +
POLY fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance4/6
Financial Health4/6
Dividends5/6

POLY Stock Overview

Polymetal International plc operates as a precious metals mining company in Russia, Kazakhstan, East Asia, and Europe.

Polymetal International Competitors

Petropavlovsk

LSE:POG

UK£635.5m

Rio Tinto Group

LSE:RIO

UK£92.0b

Vale

BOVESPA:VALE3

R$431.5b

Glencore

LSE:GLEN

UK£54.0b

Price History & Performance

Summary of all time highs, changes and price drops for Polymetal International
Historical stock prices
Current Share PriceUK£12.47
52 Week HighUK£17.37
52 Week LowUK£10.99
Beta0.036
1 Month Change-2.23%
3 Month Change-12.03%
1 Year Change-25.49%
3 Year Change48.45%
5 Year Change42.76%
Change since IPO35.54%

Recent News & Updates

Jan 06
Shareholders Would Enjoy A Repeat Of Polymetal International's (LON:POLY) Recent Growth In Returns

Shareholders Would Enjoy A Repeat Of Polymetal International's (LON:POLY) Recent Growth In Returns

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...

Nov 24
Here's Why We Think Polymetal International (LON:POLY) Is Well Worth Watching

Here's Why We Think Polymetal International (LON:POLY) Is Well Worth Watching

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Oct 18
Here's Why Polymetal International (LON:POLY) Can Manage Its Debt Responsibly

Here's Why Polymetal International (LON:POLY) Can Manage Its Debt Responsibly

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Oct 05
The Trend Of High Returns At Polymetal International (LON:POLY) Has Us Very Interested

The Trend Of High Returns At Polymetal International (LON:POLY) Has Us Very Interested

What are the early trends we should look for to identify a stock that could multiply in value over the long term? One...

Shareholder Returns

POLYGB Metals and MiningGB Market
7D4.1%0.2%-1.0%
1Y-25.5%2.5%8.3%

Return vs Industry: POLY underperformed the UK Metals and Mining industry which returned 2.5% over the past year.

Return vs Market: POLY underperformed the UK Market which returned 8.3% over the past year.

Price Volatility

Is POLY's price volatile compared to industry and market?
POLY volatility
POLY Average Weekly Movement4.6%
Metals and Mining Industry Average Movement7.4%
Market Average Movement5.0%
10% most volatile stocks in GB Market10.7%
10% least volatile stocks in GB Market2.5%

Stable Share Price: POLY is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: POLY's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199813,062Vitaly Nesishttps://www.polymetalinternational.com

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.

Polymetal International Fundamentals Summary

How do Polymetal International's earnings and revenue compare to its market cap?
POLY fundamental statistics
Market CapUS$8.06b
Earnings (TTM)US$1.13b
Revenue (TTM)US$3.00b

7.1x

P/E Ratio

2.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
POLY income statement (TTM)
RevenueUS$3.00b
Cost of RevenueUS$1.03b
Gross ProfitUS$1.97b
ExpensesUS$845.00m
EarningsUS$1.13b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Mar 02, 2022

Earnings per share (EPS)2.38
Gross Margin65.71%
Net Profit Margin37.58%
Debt/Equity Ratio104.3%

How did POLY perform over the long term?

See historical performance and comparison

Dividends

7.9%

Current Dividend Yield

56%

Payout Ratio

Valuation

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

29.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: POLY (£12.47) is trading below our estimate of fair value (£17.7)

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


Price To Earnings Ratio

PE vs Industry: POLY is good value based on its PE Ratio (7.1x) compared to the UK Metals and Mining industry average (8.3x).

PE vs Market: POLY is good value based on its PE Ratio (7.1x) compared to the UK market (19.1x).


Price to Earnings Growth Ratio

PEG Ratio: POLY is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: POLY is overvalued based on its PB Ratio (4x) compared to the GB Metals and Mining industry average (1.9x).


Future Growth

How is Polymetal International forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

9.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: POLY's forecast earnings growth (9% per year) is above the savings rate (0.9%).

Earnings vs Market: POLY's earnings (9% per year) are forecast to grow slower than the UK market (12.1% per year).

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

Revenue vs Market: POLY's revenue (5% per year) is forecast to grow faster than the UK market (4.8% per year).

High Growth Revenue: POLY's revenue (5% 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 (36.7%)


Past Performance

How has Polymetal International performed over the past 5 years?

28.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: POLY has high quality earnings.

Growing Profit Margin: POLY's current net profit margins (37.6%) are higher than last year (29.6%).


Past Earnings Growth Analysis

Earnings Trend: POLY's earnings have grown significantly by 28.7% per year over the past 5 years.

Accelerating Growth: POLY's earnings growth over the past year (56.8%) exceeds its 5-year average (28.7% per year).

Earnings vs Industry: POLY earnings growth over the past year (56.8%) underperformed the Metals and Mining industry 150.4%.


Return on Equity

High ROE: Whilst POLY's Return on Equity (55.84%) is outstanding, this metric is skewed due to their high level of debt.


Financial Health

How is Polymetal International's financial position?


Financial Position Analysis

Short Term Liabilities: POLY's short term assets ($1.5B) exceed its short term liabilities ($740.0M).

Long Term Liabilities: POLY's short term assets ($1.5B) do not cover its long term liabilities ($2.1B).


Debt to Equity History and Analysis

Debt Level: POLY's net debt to equity ratio (90.4%) is considered high.

Reducing Debt: POLY's debt to equity ratio has reduced from 197.8% to 104.3% over the past 5 years.

Debt Coverage: POLY's debt is well covered by operating cash flow (59.6%).

Interest Coverage: POLY's interest payments on its debt are well covered by EBIT (27.3x coverage).


Balance Sheet


Dividend

What is Polymetal International current dividend yield, its reliability and sustainability?

7.87%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: POLY's dividend (7.87%) is higher than the bottom 25% of dividend payers in the UK market (1.39%).

High Dividend: POLY's dividend (7.87%) is in the top 25% of dividend payers in the UK market (4.04%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (56%), 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 (74.6% payout ratio).


Next Steps

Management

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

12.0yrs

Average management tenure


CEO

Vitaly Nesis (45 yo)

10.33yrs

Tenure

US$1,765,488

Compensation

Mr. Vitaly N. Nesis has been Group Chief Executive Officer and Executive Director of Polymetal International Plc since September 29, 2011. Mr. Nesis serves as the Chief Executive Officer of Joint Stock Com...


CEO Compensation Analysis

Compensation vs Market: Vitaly's total compensation ($USD1.77M) is about average for companies of similar size in the UK market ($USD2.22M).

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


Leadership Team

Experienced Management: POLY's management team is seasoned and experienced (12 years average tenure).


Board Members

Experienced Board: POLY's board of directors are considered experienced (3.8 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Polymetal International plc's employee growth, exchange listings and data sources


Key Information

  • Name: Polymetal International plc
  • Ticker: POLY
  • Exchange: LSE
  • Founded: 1998
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: UK£5.906b
  • Shares outstanding: 473.63m
  • Website: https://www.polymetalinternational.com

Number of Employees


Location

  • Polymetal International plc
  • Prospect Narodnogo Opolcheniya 2
  • Saint Petersburg
  • 198216
  • Russia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/20 21:19
End of Day Share Price2022/01/20 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.