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Multisistema

MISX:MSST
Snowflake Description

Undervalued with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MSST
MISX
RUB198M
Market Cap
  1. Home
  2. RU
  3. Commercial Services
Company description

Public Joint Stock Company Multisistema installs, replaces, and maintains water metering devices in Russia. The last earnings update was 234 days ago. More info.


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  • Multisistema has significant price volatility in the past 3 months.
MSST Share Price and Events
7 Day Returns
-10.2%
MISX:MSST
1.7%
Europe Commercial Services
-0.1%
RU Market
1 Year Returns
204.6%
MISX:MSST
0.5%
Europe Commercial Services
7.9%
RU Market
MSST Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Multisistema (MSST) -10.2% -22.7% -25.2% 204.6% -87% -87.6%
Europe Commercial Services 1.7% 5.2% 9.7% 0.5% 6.8% 4%
RU Market -0.1% 1.1% 3.1% 7.9% 29.6% 100.8%
1 Year Return vs Industry and Market
  • MSST outperformed the Commercial Services industry which returned 0.5% over the past year.
  • MSST outperformed the Market in Russian Federation which returned 7.9% over the past year.
Price Volatility
MSST
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Multisistema 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 Multisistema 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 Multisistema.

MISX:MSST Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 17%
Perpetual Growth Rate 10-Year RU Government Bond Rate 8.4%

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 MISX:MSST
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year RU Govt Bond Rate 8.4%
Equity Risk Premium S&P Global 9.4%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 20%) (22.42%))
0.911
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.44% + (0.911 * 9.43%)
17.03%

Discounted Cash Flow Calculation for MISX:MSST using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Multisistema 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.

MISX:MSST DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (RUB, Millions) Source Present Value
Discounted (@ 17.03%)
2019 174.68 Est @ 102.1% 149.26
2020 303.94 Est @ 74% 221.93
2021 469.08 Est @ 54.33% 292.68
2022 659.37 Est @ 40.57% 351.54
2023 863.30 Est @ 30.93% 393.30
2024 1,072.06 Est @ 24.18% 417.35
2025 1,280.67 Est @ 19.46% 426.02
2026 1,487.54 Est @ 16.15% 422.84
2027 1,693.41 Est @ 13.84% 411.32
2028 1,900.34 Est @ 12.22% 394.42
Present value of next 10 years cash flows RUB3,480.65
MISX:MSST DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= RUB1,900.34 × (1 + 8.44%) ÷ (17.03% – 8.44%)
RUB23,997.35
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= RUB23,997.35 ÷ (1 + 17.03%)10
RUB4,980.71
MISX:MSST Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= RUB3,480.65 + RUB4,980.71
RUB8,461.36
Equity Value per Share
(RUB)
= Total value / Shares Outstanding
= RUB8,461.36 / 100.00
RUB84.61
MISX:MSST Discount to Share Price
Calculation Result
Value per share (RUB) From above. RUB84.61
Current discount Discount to share price of RUB1.98
= -1 x (RUB1.98 - RUB84.61) / RUB84.61
97.7%

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

Current Discount
Amount off the current price Multisistema is available for.
Intrinsic value
>50%
Share price is RUB1.98 vs Future cash flow value of RUB84.61
Current Discount Checks
For Multisistema to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Multisistema's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Multisistema's share price is below the future cash flow value, and 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 Multisistema's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Multisistema's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MISX:MSST PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in RUB RUB2.13
MISX:MSST Share Price ** MISX (2019-04-19) in RUB RUB1.98
Europe Commercial Services Industry PE Ratio Median Figure of 105 Publicly-Listed Commercial Services Companies 16.52x
Russian Federation Market PE Ratio Median Figure of 129 Publicly-Listed Companies 7.37x

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

** Primary Listing of Multisistema.

MISX:MSST PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= MISX:MSST Share Price ÷ EPS (both in RUB)

= 1.98 ÷ 2.13

0.93x

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

  • Multisistema is good value based on earnings compared to the Europe Commercial Services industry average.
  • Multisistema is good value based on earnings compared to the Russian Federation market.
Price based on expected Growth
Does Multisistema's expected growth come at a high price?
Raw Data
MISX:MSST PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Commercial Services Industry PEG Ratio Median Figure of 54 Publicly-Listed Commercial Services Companies 1.35x
Russian Federation Market PEG Ratio Median Figure of 33 Publicly-Listed Companies 0.5x

*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 Multisistema, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Multisistema's assets?
Raw Data
MISX:MSST PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in RUB RUB2.78
MISX:MSST Share Price * MISX (2019-04-19) in RUB RUB1.98
Europe Commercial Services Industry PB Ratio Median Figure of 143 Publicly-Listed Commercial Services Companies 1.54x
Russian Federation Market PB Ratio Median Figure of 149 Publicly-Listed Companies 0.82x
MISX:MSST PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= MISX:MSST Share Price ÷ Book Value per Share (both in RUB)

= 1.98 ÷ 2.78

0.71x

* Primary Listing of Multisistema.

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

  • Multisistema is good value based on assets compared to the Europe Commercial Services industry average.
X
Value checks
We assess Multisistema'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 Commercial Services 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. Multisistema has a total score of 5/6, 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.

Future Performance

 How is Multisistema expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Multisistema 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
21.2%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Multisistema expected to grow at an attractive rate?
  • Unable to compare Multisistema's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Multisistema's earnings growth to the Russian Federation market average as no estimate data is available.
  • Unable to compare Multisistema's revenue growth to the Russian Federation market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
MISX:MSST Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 21.2%
Europe Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Russian Federation Market Earnings Growth Rate Market Cap Weighted Average 3.6%
Russian Federation Market Revenue Growth Rate Market Cap Weighted Average 4.3%

*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
MISX:MSST Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in RUB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MISX:MSST Past Financials Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income *
2018-06-30 910 83 216
2018-03-31 790 76 134
2017-12-31 671 69 52
2017-09-30 577 37 -3
2017-06-30 483 5 -59
2017-03-31 393 -15 -63
2016-12-31 302 -36 -67
2016-09-30 245 -37 -38
2016-06-30 187 -39 -9
2016-03-31 182 -34 -6
2015-12-31 176 -29 -3
2015-09-30 206 -23 9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Multisistema is high growth as no earnings estimate data is available.
  • Unable to determine if Multisistema is high growth as no revenue estimate data is available.
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
MISX:MSST Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Multisistema Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:MSST Past Financials Data
Date (Data in RUB Millions) EPS *
2018-06-30 2.13
2018-03-31 1.33
2017-12-31 0.52
2017-09-30 -0.03
2017-06-30 -0.59
2017-03-31 -0.63
2016-12-31 -0.67
2016-09-30 -0.38
2016-06-30 -0.09
2016-03-31 -0.06
2015-12-31 -0.03
2015-09-30 0.09

*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.
  • Unable to establish if Multisistema will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Multisistema is trading at Multisistema'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Multisistema's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. Multisistema's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Multisistema'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Multisistema has a total score of 0/6, 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.

Past Performance

  How has Multisistema performed over the past 5 years?

  • Multisistema's last earnings update was 234 days ago.
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 Multisistema's growth in the last year to its industry (Commercial Services).
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.
  • Multisistema has delivered over 20% year on year earnings growth in the past 5 years.
  • Multisistema has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Multisistema has become profitable in the last year making it difficult to compare the Europe Commercial Services industry average.
Earnings and Revenue History
Multisistema'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 Multisistema Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:MSST Past Revenue, Cash Flow and Net Income Data
Date (Data in RUB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 909.66 215.83 35.12
2018-03-31 790.42 134.12 32.31
2017-12-31 671.18 52.40 29.50
2017-09-30 577.00 -3.37 30.99
2017-06-30 482.82 -59.15 32.48
2017-03-31 392.63 -62.98 30.18
2016-12-31 302.44 -66.80 27.89
2016-09-30 244.90 -37.73 25.57
2016-06-30 187.35 -8.65 23.26
2016-03-31 181.62 -5.70 23.47
2015-12-31 175.89 -2.74 23.69
2015-09-30 206.24 9.30 20.53
2015-06-30 236.60 21.33 17.37
2015-03-31 305.35 -0.98 20.08
2014-12-31 374.09 -23.29 22.79
2013-12-31 261.75 -4.92 23.96
2012-12-31 107.18 7.11 20.29
2012-09-30 183.54 18.57 28.72

*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.
  • Multisistema made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Multisistema used its assets more efficiently than the Europe Commercial Services industry average last year based on Return on Assets.
  • Multisistema has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Multisistema'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 Commercial Services 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.
Multisistema has a total score of 4/6, 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.

Health

 How is Multisistema'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 Multisistema's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Multisistema is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Multisistema has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Multisistema'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 32.8x 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 Multisistema Company Filings, last reported 9 months ago.

MISX:MSST Past Debt and Equity Data
Date (Data in RUB Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 278.40 44.39 4.69
2018-03-31 278.40 44.39 4.69
2017-12-31 110.69 80.15 31.06
2017-09-30 110.69 80.15 31.06
2017-06-30 62.07 146.88 0.50
2017-03-31 62.07 146.88 0.50
2016-12-31 58.29 109.76 1.98
2016-09-30 58.29 109.76 1.98
2016-06-30 121.22 73.86 0.98
2016-03-31 121.22 73.86 0.98
2015-12-31 125.09 32.15 0.76
2015-09-30 125.09 32.15 0.76
2015-06-30 190.24 20.49 0.90
2015-03-31 190.24 20.49 0.90
2014-12-31 180.15 0.90 35.45
2013-12-31 208.45 2.00 24.05
2012-12-31 209.92 20.85 13.80
2012-09-30 200.81 14.85 2.05
  • Multisistema's level of debt (15.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (5.5% vs 15.9% today).
  • Debt is well covered by operating cash flow (187.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 48.4x coverage).
X
Financial health checks
We assess Multisistema'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. Multisistema has a total score of 5/6, 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.

Dividends

 What is Multisistema'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 Multisistema dividends.
If you bought RUB2,000 of Multisistema shares you are expected to receive RUB0 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 Multisistema's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Multisistema'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
MISX:MSST 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 0 Analyst Estimates (S&P Global) See Below
Europe Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 76 Stocks 3%
Russian Federation Market Average Dividend Yield Market Cap Weighted Average of 75 Stocks 6.8%
Russian Federation Minimum Threshold Dividend Yield 10th Percentile 1.6%
Russian Federation Bottom 25% Dividend Yield 25th Percentile 3.3%
Russian Federation Top 25% Dividend Yield 75th Percentile 9%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Multisistema has not reported any payouts.
  • Unable to verify if Multisistema's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Multisistema's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Multisistema has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Multisistema's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - 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 Multisistema afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Multisistema 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.

Management

 What is the CEO of Multisistema'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
Dmitriy Chaly
CEO Bio

Mr. Dmitriy Vladimirovich Chaly serves as a Director of Public Joint Stock Company Multisistema.

CEO Compensation
  • Insufficient data for Dmitriy to compare compensation growth.
  • Insufficient data for Dmitriy to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team

Dmitriy Chaly

TITLE
Director General & Director
Board of Directors

Dmitriy Chaly

TITLE
Director General & Director

Oleg Korotyshevskiy

TITLE
Director

Sergey Potudin

TITLE
Director

Viktor Chaly

TITLE
Director

Ilya Gudovschikov

TITLE
Director

Olga Chalaya

TITLE
Member of Audit Committee
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 (RUB) Value (RUB)
X
Management checks
We assess Multisistema'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. Multisistema 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.

News

Simply Wall St News

An Examination Of Public Joint Stock Company Multisistema (MCX:MSST)

Attractive stocks have exceptional fundamentals. … In the case of Public Joint Stock Company Multisistema (MCX:MSST), there's … company with a

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Is Public Joint Stock Company Multisistema (MCX:MSST) A Financially Sound Company?

Investors are always looking for growth in small-cap stocks like Public Joint Stock Company Multisistema (MCX:MSST), with a market cap of RUруб297m. … However, an important fact which most ignore is: how financially healthy is the business?

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Should You Like Public Joint Stock Company Multisistema’s (MCX:MSST) High Return On Capital Employed?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

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How Public Joint Stock Company Multisistema (MCX:MSST) Could Add Value To Your Portfolio

Public Joint Stock Company Multisistema (MCX:MSST) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … company with a

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Why Public Joint Stock Company Multisistema (MCX:MSST) Looks Like A Quality Company

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … That means that for every RUB1 worth of shareholders' equity, it generated RUB0.78 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

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Public Joint Stock Company Multisistema (MCX:MSST): The Return Story

and looking to gauge the potential return on investment in Public Joint Stock Company Multisistema (MCX:MSST). … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Thus, to understand how your money can grow by investing in Multisistema, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

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Is Public Joint Stock Company Multisistema (MCX:MSST) A Financially Sound Company?

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. … Assessing first and foremost the financial health is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

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Why Public Joint Stock Company Multisistema's (MCX:MSST) Investor Composition Impacts Your Returns

General Public Ownership The general public holds a substantial 91.12% stake in MSST, making it a highly popular stock among retail investors. … This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions.

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Can Public Joint Stock Company Multisistema (MCX:MSST) Improve Your Portfolio Returns?

Multisistema's beta of 0.1 indicates that the stock value will be less variable compared to the whole stock market. … Based on this beta value, MSST appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … How MSST's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

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Is Public Joint Stock Company Multisistema's (MCX:MSST) Balance Sheet Strong Enough To Weather A Storm?

Does MSST generate enough cash through operations? … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: MSST’s debt and cash flow levels indicate room for improvement. … Its cash flow coverage of less than a quarter of debt means that operating efficiency could be an issue.

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Company Info

Description

Public Joint Stock Company Multisistema installs, replaces, and maintains water metering devices in Russia. It offers services, such as installation of counters, water meter verifications, replacing water meters, and installation of water aerators and heat meters, as well as plumbing services. The company was founded in 2001 and is based in Moscow, Russia.

Details
Name: Public Joint Stock Company Multisistema
MSST
Exchange: MISX
Founded: 2001
RUB198,000,000
100,000,000
Website: http://www.multisistema.ru
Address: Public Joint Stock Company Multisistema
11 Building 1,
Yard Business Center,
Moscow,
123290,
Russia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
MISX MSST Common Shares Micex - Rts RU RUB 19. Dec 2012
Number of employees
Current staff
Staff numbers
0
Multisistema employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 21:32
End of day share price update: 2019/04/19 00:00
Last earnings filing: 2018/08/29
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.