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Market Cap

₽503.2b

Last Updated

2021/05/16 04:25 UTC

Data Sources

Company Financials +

Executive Summary

Public Joint Stock Company Magnit, together with its subsidiaries, engages in the retail and distribution of food and consumer goods under the Magnit name. More Details


Snowflake Analysis

Solid track record and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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

Volatility Over Time: MGNT's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

0.8%

MGNT

1.6%

RU Consumer Retailing

-1.0%

RU Market


1 Year Return

45.4%

MGNT

10.7%

RU Consumer Retailing

31.2%

RU Market

Return vs Industry: MGNT exceeded the Russian Consumer Retailing industry which returned 10.7% over the past year.

Return vs Market: MGNT exceeded the Russian Market which returned 31.2% over the past year.


Shareholder returns

MGNTIndustryMarket
7 Day0.8%1.6%-1.0%
30 Day0.7%3.6%1.4%
90 Day-2.3%-0.6%7.1%
1 Year58.1%45.4%20.1%10.7%40.9%31.2%
3 Year28.4%0.9%20.1%3.8%67.6%36.8%
5 Year-24.6%-43.2%24.6%2.1%134.4%76.2%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Magnit 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: MGNT (RUB5152) is trading below our estimate of fair value (RUB11656.4)

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


Price To Earnings Ratio

PE vs Industry: MGNT is good value based on its PE Ratio (12.4x) compared to the European Consumer Retailing industry average (21.5x).

PE vs Market: MGNT is poor value based on its PE Ratio (12.4x) compared to the Russian market (10.5x).


Price to Earnings Growth Ratio

PEG Ratio: MGNT is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: MGNT is overvalued based on its PB Ratio (2.8x) compared to the XE Consumer Retailing industry average (2x).


Future Growth

How is Magnit forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

11.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MGNT's forecast earnings growth (11.1% per year) is above the savings rate (7.4%).

Earnings vs Market: MGNT's earnings (11.1% per year) are forecast to grow slower than the Russian market (18.5% per year).

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

Revenue vs Market: MGNT's revenue (6.8% per year) is forecast to grow slower than the Russian market (7.3% per year).

High Growth Revenue: MGNT's revenue (6.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MGNT's Return on Equity is forecast to be high in 3 years time (22.1%)


Past Performance

How has Magnit performed over the past 5 years?

-22.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MGNT has high quality earnings.

Growing Profit Margin: MGNT's current net profit margins (2.6%) are higher than last year (0.8%).


Past Earnings Growth Analysis

Earnings Trend: MGNT's earnings have declined by 22.9% per year over the past 5 years.

Accelerating Growth: MGNT's earnings growth over the past year (268.2%) exceeds its 5-year average (-22.9% per year).

Earnings vs Industry: MGNT earnings growth over the past year (268.2%) exceeded the Consumer Retailing industry 15.6%.


Return on Equity

High ROE: MGNT's Return on Equity (22.1%) is considered high.


Financial Health

How is Magnit's financial position?


Financial Position Analysis

Short Term Liabilities: MGNT's short term assets (RUB266.9B) do not cover its short term liabilities (RUB284.3B).

Long Term Liabilities: MGNT's short term assets (RUB266.9B) do not cover its long term liabilities (RUB478.2B).


Debt to Equity History and Analysis

Debt Level: MGNT's debt to equity ratio (90.8%) is considered high.

Reducing Debt: MGNT's debt to equity ratio has increased from 64.4% to 90.8% over the past 5 years.

Debt Coverage: MGNT's debt is well covered by operating cash flow (90.1%).

Interest Coverage: MGNT's interest payments on its debt are not well covered by EBIT (1.8x coverage).


Balance Sheet


Dividend

What is Magnit current dividend yield, its reliability and sustainability?

7.81%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 16 2021Ex Dividend DateJun 24 2021Dividend Pay DateJan 01 197018802 days from Ex DividendBuy in the next 39 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: MGNT's dividend (7.81%) is higher than the bottom 25% of dividend payers in the Russian market (3.87%).

High Dividend: MGNT's dividend (7.81%) is low compared to the top 25% of dividend payers in the Russian market (8.32%).


Stability and Growth of Payments

Stable Dividend: MGNT has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: MGNT's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (132.8%), MGNT's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MGNT's dividends in 3 years are not forecast to be well covered by earnings (103.2% payout ratio).


Next Steps

Management

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

1.3yrs

Average management tenure


CEO

Jan Dunning (61 yo)

1.92yrs

Tenure

Mr. Jan Gezinus Dunning serves as President and Member of Management Board at Public Joint Stock Company Magnit since January 29, 2019 and Chairman of Management Board since 2019. Mr. Dunning has been Chie...


Leadership Team

Experienced Management: MGNT's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: MGNT's board of directors are not considered experienced ( 2 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Public Joint Stock Company Magnit's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Public Joint Stock Company Magnit
  • Ticker: MGNT
  • Exchange: MISX
  • Founded: 1994
  • Industry: Food Retail
  • Sector: Consumer Retailing
  • Market Cap: ₽503.170b
  • Shares outstanding: 97.67m
  • Website: https://www.magnit.com

Number of Employees


Location

  • Public Joint Stock Company Magnit
  • 15/5 Solnechnaya Street
  • Krasnodar
  • Krasnodarskiy kray
  • 350072
  • Russia

Listings


Biography

Public Joint Stock Company Magnit, together with its subsidiaries, engages in the retail and distribution of food and consumer goods under the Magnit name. It operates retail business through convenience s...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/16 04:25
End of Day Share Price2021/05/14 00:00
Earnings2021/03/31
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.