MISX:KMEZ

Stock Analysis Report

Kovrov Mechanical Plant

Executive Summary

Public Joint Stock Company Kovrov Mechanical Plant develops and manufactures gas centrifuges for the nuclear industry in Russia.


Snowflake Analysis

Flawless balance sheet with questionable track record.

Share Price & News

How has Kovrov Mechanical Plant's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: KMEZ has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

5.1%

KMEZ

4.1%

RU Machinery

0.3%

RU Market


1 Year Return

-2.6%

KMEZ

0.4%

RU Machinery

22.6%

RU Market

Return vs Industry: KMEZ underperformed the Russian Machinery industry which returned 0.4% over the past year.

Return vs Market: KMEZ underperformed the Russian Market which returned 22.6% over the past year.


Shareholder returns

KMEZIndustryMarket
7 Day5.1%4.1%0.3%
30 Day5.7%-1.7%-3.3%
90 Day8.8%4.5%5.3%
1 Year-2.6%-2.6%0.4%0.4%30.9%22.6%
3 Year30.5%30.5%-24.3%-24.8%67.1%40.8%
5 Year13.1%13.1%119.9%114.7%138.0%85.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Kovrov Mechanical Plant undervalued compared to its fair value and its price relative to the market?

17.85x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: KMEZ (RUB583.5) is trading above our estimate of fair value (RUB39.42)

Significantly Below Fair Value: KMEZ is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: KMEZ is poor value based on its PE Ratio (17.9x) compared to the Machinery industry average (17.3x).

PE vs Market: KMEZ is poor value based on its PE Ratio (17.9x) compared to the Russian market (9.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate KMEZ's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: KMEZ is good value based on its PB Ratio (0.6x) compared to the RU Machinery industry average (4x).


Next Steps

Future Growth

How is Kovrov Mechanical Plant forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.6%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Kovrov Mechanical Plant has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Kovrov Mechanical Plant performed over the past 5 years?

-9.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KMEZ has a large one-off loss of RUB160.7M impacting its June 30 2019 financial results.

Growing Profit Margin: KMEZ became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: KMEZ has become profitable over the past 5 years, growing earnings by -9.5% per year.

Accelerating Growth: KMEZ has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: KMEZ has become profitable in the last year, making it difficult to compare its past year earnings growth to the Machinery industry (-3.5%).


Return on Equity

High ROE: KMEZ's Return on Equity (3.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Kovrov Mechanical Plant's financial position?


Financial Position Analysis

Short Term Liabilities: KMEZ's short term assets (RUB2.1B) exceed its short term liabilities (RUB154.9M).

Long Term Liabilities: KMEZ's short term assets (RUB2.1B) exceed its long term liabilities (RUB30.7M).


Debt to Equity History and Analysis

Debt Level: KMEZ is debt free.

Reducing Debt: KMEZ has no debt compared to 5 years ago when its debt to equity ratio was 3.4%.


Balance Sheet

Inventory Level: KMEZ has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if KMEZ's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: KMEZ is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: KMEZ is profitable, therefore cash runway is not a concern.


Next Steps

Dividend

What is Kovrov Mechanical Plant's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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


Next Steps

Management

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


CEO

Anatoliy Gavrikov 0

1.1yrs

Tenure

Mr. Anatoliy Vyacheslavovich Gavrikov serves as General Director at Public Joint Stock Company Kovrov Mechanical Plant since 2019. He served as Deputy General Director for Technical Development at Public J ...


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 been diluted in the past year, with total shares outstanding growing by 39.4%.


Top Shareholders

Company Information

Kovrov Mechanical Plant, Public Joint-Stock Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kovrov Mechanical Plant, Public Joint-Stock Company
  • Ticker: KMEZ
  • Exchange: MISX
  • Founded: 1950
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: ₽2.200b
  • Shares outstanding: 3.76m
  • Website: https://www.kvmz.ru

Location

  • Kovrov Mechanical Plant, Public Joint-Stock Company
  • ul. Socialist, 26
  • Kovrov
  • Vladimirskaya obl.
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KMEZMISX (Micex - Rts)YesCommon SharesRURUBFeb 2010

Biography

Public Joint Stock Company Kovrov Mechanical Plant develops and manufactures gas centrifuges for the nuclear industry in Russia. The company’s gas centrifuges are used for the separation of uranium isotopes. It also produces and sells permanent magnets and magnet systems; manufactures various tools; provides motor transport services; and leases non-residential office premises and production areas. The company was founded in 1950 and is based in Kovrov, Russia. Public Joint Stock Company Kovrov Mechanical Plant operates as a subsidiary of JSC TVEL. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 22:03
End of Day Share Price2020/02/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.