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
Solid track record and fair value.
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.
7 Day Return
RU Consumer Retailing
1 Year Return
RU Consumer Retailing
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.
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
2 weeks ago | Simply Wall StIs Public Joint Stock Company Magnit's (MCX:MGNT) Recent Price Movement Underpinned By Its Weak Fundamentals?
1 month ago | Simply Wall StInvestors Who Bought Magnit (MCX:MGNT) Shares A Year Ago Are Now Up 58%
1 month ago | Simply Wall StMagnit's (MCX:MGNT) Robust Earnings Are Supported By Other Strong Factors
Is Magnit undervalued compared to its fair value and its price relative to the market?
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).
How is Magnit forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
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%)
How has Magnit performed over the past 5 years?
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.
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).
What is Magnit current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
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).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jan Dunning (61 yo)
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...
Experienced Management: MGNT's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Experienced Board: MGNT's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Public Joint Stock Company Magnit's company bio, employee growth, exchange listings and data sources
- 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
- Public Joint Stock Company Magnit
- 15/5 Solnechnaya Street
- Krasnodarskiy kray
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/16 04:25|
|End of Day Share Price||2021/05/14 00:00|
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.