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Magnit

MISX:MGNT
Snowflake Description

Undervalued with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MGNT
MISX
RUB356B
Market Cap
  1. Home
  2. RU
  3. Consumer Retailing
Company description

Public Joint Stock Company Magnit, together with its subsidiaries, engages in the retail and distribution of consumer goods under the Magnit name in Russia. The last earnings update was 55 days ago. More info.


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  • Magnit has significant price volatility in the past 3 months.
MGNT Share Price and Events
Price Volatility
MGNT
Industry
5yr Volatility vs Market
Related Companies

MGNT Value

 Is Magnit 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 Magnit 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 Magnit.

MISX:MGNT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.4%
Perpetual Growth Rate 10-Year RU Government Bond Rate 7.1%

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:MGNT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year RU Govt Bond Rate 7.1%
Equity Risk Premium S&P Global 8%
Consumer Retailing Unlevered Beta Simply Wall St/ S&P Global 0.46
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.455 (1 + (1- 20%) (32.5%))
0.574
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.05% + (0.8 * 7.95%)
13.41%

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

The calculations below outline how an intrinsic value for Magnit is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

MISX:MGNT DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (RUB, Millions) 21,337.79 35,973.44 51,776.38 70,116.60 78,456.43
Source Analyst x4 Analyst x4 Analyst x2 Analyst x2 Est @ 11.89%
Present Value
Discounted (@ 13.41%)
18,814.74 27,969.15 35,495.85 42,385.32 41,818.82
Present value of next 5 years cash flows RUB166,483.88
MISX:MGNT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= RUB78,456.43 × (1 + 7.05%) ÷ (13.41% – 7.05%)
RUB1,320,559.84
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= RUB1,320,559.84 ÷ (1 + 13.41%)5
RUB703,884.39
MISX:MGNT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= RUB166,483.88 + RUB703,884.39
RUB870,368.27
Equity Value per Share
(RUB)
= Total value / Shares Outstanding
= RUB870,368.27 / 101.91
RUB8540.44
MISX:MGNT Discount to Share Price
Calculation Result
Value per share (RUB) From above. RUB8,540.44
Current discount Discount to share price of RUB3,500.00
= -1 x (RUB3,500.00 - RUB8,540.44) / RUB8,540.44
59%

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

Current Discount
Amount off the current price Magnit is available for.
Intrinsic value
>50%
Share price is RUB3500 vs Future cash flow value of RUB8540.44
Current Discount Checks
For Magnit to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Magnit's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Magnit'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 Magnit's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Magnit's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MISX:MGNT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in RUB RUB356.44
MISX:MGNT Share Price ** MISX (2018-10-12) in RUB RUB3500
Europe Consumer Retailing Industry PE Ratio Median Figure of 34 Publicly-Listed Consumer Retailing Companies 18.44x
Russian Federation Market PE Ratio Median Figure of 123 Publicly-Listed Companies 7.02x

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

** Primary Listing of Magnit.

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

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

= 3500 ÷ 356.44

9.82x

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

  • Magnit is good value based on earnings compared to the Europe Consumer Retailing industry average.
  • Magnit is overvalued based on earnings compared to the Russian Federation market.
Price based on expected Growth
Does Magnit's expected growth come at a high price?
Raw Data
MISX:MGNT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
16.2%per year
Europe Consumer Retailing Industry PEG Ratio Median Figure of 26 Publicly-Listed Consumer Retailing Companies 1.34x
Russian Federation Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 0.51x

*Line of best fit is calculated by linear regression .

MISX:MGNT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.82x ÷ 16.2%

0.61x

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

  • Magnit is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Magnit's assets?
Raw Data
MISX:MGNT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in RUB RUB2,583.27
MISX:MGNT Share Price * MISX (2018-10-12) in RUB RUB3500
Europe Consumer Retailing Industry PB Ratio Median Figure of 42 Publicly-Listed Consumer Retailing Companies 1.46x
Russian Federation Market PB Ratio Median Figure of 148 Publicly-Listed Companies 0.77x
MISX:MGNT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 3500 ÷ 2,583.27

1.35x

* Primary Listing of Magnit.

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

  • Magnit is good value based on assets compared to the Europe Consumer Retailing industry average.
X
Value checks
We assess Magnit'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 Consumer Retailing 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 Consumer Retailing industry average (and greater than 0)? (1 check)
  5. Magnit 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.

MGNT Future Performance

 How is Magnit expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

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
16.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Magnit expected to grow at an attractive rate?
  • Magnit's earnings growth is expected to exceed the low risk savings rate of 7.1%.
Growth vs Market Checks
  • Magnit's earnings growth is expected to exceed the Russian Federation market average.
  • Magnit's revenue growth is expected to exceed the Russian Federation market average.
Annual Growth Rates Comparison
Raw Data
MISX:MGNT Future Growth Rates Data Sources
Data Point Source Value (per year)
MISX:MGNT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 16.2%
MISX:MGNT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 10.3%
Europe Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 13.5%
Europe Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
Russian Federation Market Earnings Growth Rate Market Cap Weighted Average 7.4%
Russian Federation Market Revenue Growth Rate Market Cap Weighted Average 4.6%

*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:MGNT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in RUB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MISX:MGNT Future Estimates Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,874,166 1
2021-12-31 1,751,538 114,576 61,923 3
2020-12-31 1,566,690 95,140 49,934 10
2019-12-31 1,411,750 85,504 42,609 11
2018-12-31 1,246,823 78,312 36,167 8
MISX:MGNT Past Financials Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income *
2018-06-30 1,268,917 68,974 35,209
2018-03-31 1,142,465 60,638 33,395
2017-12-31 1,126,964 58,013 35,031
2017-09-30 1,086,688 53,872 40,473
2017-06-30 1,064,586 51,344 46,791
2017-03-31 973,181 49,114 45,708
2016-12-31 981,421 52,540 49,681
2016-09-30 980,405 55,436 53,920
2016-06-30 964,359 57,612 57,520
2016-03-31 1,029,706 72,333 62,717
2015-12-31 1,121,324 90,170 69,667
2015-09-30 1,096,751 84,771 68,611

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Magnit's earnings are expected to grow by 16.2% yearly, however this is not considered high growth (20% yearly).
  • Magnit's revenue is expected to grow by 10.3% yearly, however this is not considered high growth (20% yearly).
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:MGNT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Magnit Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:MGNT Future Estimates Data
Date (Data in RUB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 455.11 455.11 455.11 1.00
2019-12-31 409.89 429.44 390.35 2.00
2018-12-31 336.63 373.86 299.39 2.00
MISX:MGNT Past Financials Data
Date (Data in RUB Millions) EPS *
2018-06-30 356.44
2018-03-31 344.49
2017-12-31 368.34
2017-09-30 426.78
2017-06-30 494.82
2017-03-31 483.37
2016-12-31 525.39
2016-09-30 570.21
2016-06-30 608.29
2016-03-31 663.25
2015-12-31 736.75
2015-09-30 725.57

*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.
  • Magnit is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Magnit'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.
Magnit has a total score of 3/6, 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.

MGNT Past Performance

  How has Magnit performed over the past 5 years?

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 Magnit's growth in the last year to its industry (Consumer Retailing).
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.
  • Magnit's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Magnit's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Magnit's 1-year earnings growth is negative, it can't be compared to the Europe Consumer Retailing industry average.
Earnings and Revenue History
Magnit'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 Magnit Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:MGNT 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 1,268,917.29 35,208.75 238,860.81
2018-03-31 1,142,464.70 33,395.31 216,486.15
2017-12-31 1,126,963.94 35,030.72 215,309.09
2017-09-30 1,086,688.22 40,472.92 203,565.44
2017-06-30 1,064,586.04 46,790.69 192,005.84
2017-03-31 973,180.58 45,708.23 172,444.26
2016-12-31 981,420.60 49,681.38 170,207.26
2016-09-30 980,404.60 53,920.09 180,182.92
2016-06-30 964,359.21 57,520.36 187,841.60
2016-03-31 1,029,705.60 62,717.46 198,858.68
2015-12-31 1,121,324.17 69,667.39 214,748.49
2015-09-30 1,096,751.31 68,610.90 194,723.48
2015-06-30 989,958.66 62,301.60 163,660.75
2015-03-31 1,095,993.01 68,698.01 181,693.15
2014-12-31 1,219,659.93 76,173.49 202,696.19
2014-09-30 775,694.19 48,423.87 129,804.69
2014-06-30 658,401.70 41,082.68 110,952.71
2014-03-31 661,010.07 40,941.04 110,905.83
2013-12-31 598,051.52 36,748.29 99,873.80
2013-09-30 561,129.02 33,281.62 92,364.42
2013-06-30 539,943.98 30,749.68 87,446.96
2013-03-31 479,385.33 27,084.22 76,482.85
2012-12-31 440,695.97 24,671.29 69,098.37
2012-09-30 423,860.67 22,256.17 66,184.35
2012-06-30 412,890.23 20,053.86 64,168.39
2012-03-31 355,051.85 15,243.20 55,204.08
2011-12-31 366,667.26 13,438.79 57,038.26

*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.
  • Magnit has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Magnit used its assets more efficiently than the Europe Consumer Retailing industry average last year based on Return on Assets.
  • Magnit's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Magnit'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 Consumer Retailing 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.
Magnit has a total score of 1/6, 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.

MGNT Health

 How is Magnit'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 Magnit's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Magnit is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Magnit's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Magnit'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.7x 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 Magnit Company Filings, last reported 3 months ago.

MISX:MGNT Past Debt and Equity Data
Date (Data in RUB Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 263,263.19 115,596.48 10,939.36
2018-03-31 263,263.19 115,596.48 10,939.36
2017-12-31 258,939.21 126,280.50 18,526.39
2017-09-30 259,010.34 126,315.19 18,531.48
2017-06-30 210,781.56 144,785.51 5,878.12
2017-03-31 201,088.47 138,127.34 5,607.81
2016-12-31 197,865.52 128,769.80 16,928.17
2016-09-30 203,629.50 132,520.96 17,421.30
2016-06-30 185,414.29 119,483.23 5,125.01
2016-03-31 194,746.57 125,497.06 5,382.96
2015-12-31 162,924.62 102,829.69 8,521.79
2015-09-30 148,751.78 93,884.52 7,780.47
2015-06-30 156,358.14 97,970.12 12,310.62
2015-03-31 163,668.85 102,550.82 12,886.21
2014-12-31 156,716.08 104,367.40 19,818.88
2014-09-30 100,909.74 67,202.34 12,761.41
2014-06-30 138,244.57 68,379.16 3,767.01
2014-03-31 143,157.56 70,809.24 3,900.88
2013-12-31 126,652.80 74,048.23 5,954.19
2013-09-30 124,840.31 72,988.55 5,868.98
2013-06-30 109,298.11 61,223.26 8,734.38
2013-03-31 103,389.44 57,913.52 8,262.20
2012-12-31 99,785.51 63,719.77 12,521.60
2012-09-30 101,986.01 65,124.93 12,797.73
2012-06-30 86,026.66 48,631.41 4,167.70
2012-03-31 77,973.16 44,078.71 3,777.54
2011-12-31 78,456.62 51,892.04 17,153.07
  • Magnit's level of debt (43.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (56% vs 43.9% today).
  • Debt is well covered by operating cash flow (59.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.3x coverage).
X
Financial health checks
We assess Magnit'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. Magnit 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.

MGNT Dividends

 What is Magnit'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
7.17%
Current annual income from Magnit dividends. Estimated to be 5.18% next year.
If you bought RUB2,000 of Magnit shares you are expected to receive RUB143 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?
  • Magnit's pays a higher dividend yield than the bottom 25% of dividend payers in Russian Federation (3.38%).
  • Magnit's dividend is below the markets top 25% of dividend payers in Russian Federation (9.74%).
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:MGNT 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 11 Analyst Estimates (S&P Global) See Below
Europe Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 35 Stocks 3.7%
Russian Federation Market Average Dividend Yield Market Cap Weighted Average of 75 Stocks 5.9%
Russian Federation Minimum Threshold Dividend Yield 10th Percentile 1.9%
Russian Federation Bottom 25% Dividend Yield 25th Percentile 3.4%
Russian Federation Top 25% Dividend Yield 75th Percentile 9.7%

Industry and Market average data is calculated daily.

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

MISX:MGNT Future Dividends Estimate Data
Date (Data in RUB) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 217.43 2.00
2019-12-31 185.30 3.00
2018-12-31 152.97 3.00
MISX:MGNT Past Annualized Dividends Data
Date (Data in RUB) Dividend per share (annual) Avg. Yield (%)
2018-05-18 251.010 5.810
2018-03-23 247.362 5.498
2017-08-02 267.520 3.876
2017-06-08 278.130 2.947
2016-11-09 253.020 2.617
2016-08-02 218.270 2.089
2016-06-03 222.070 2.425
2015-12-24 312.340 3.061
2015-03-23 354.274 3.795
2014-03-21 135.141 1.809
2012-03-20 21.459 0.470
2010-03-01 17.450 0.584
2010-02-10 8.967 0.450

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

  • Magnit has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Magnit only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Magnit's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Magnit's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.9%) - 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 Magnit afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Magnit has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MGNT Management

 What is the CEO of Magnit'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
Olga Naumova, image provided by Google.
Olga Naumova
AGE 46
TENURE AS CEO 0.3 years
CEO Bio

Ms. Olga Naumova has been an Executive Director of PJSC Magnit since May 2018 and has been its Chief Executive Officer and Chairman of the Management Board since June 21, 2018. Ms. Naumova served as General Director of Pyaterochka at X5 Retail Group N.V. since joining in May 2013 until April 25, 2018. Ms. Naumova joined ChelPipe in 2010. She served as Chief Executive Officer of TPS and OFS Divisions at Open Joint Stock Company Chelyabinsk Tube-Rolling Plant since 2010. She has over 20 years of managerial experience at the senior executive level with leading Russian and international companies, including Severstal and IBS. She managed very large teams in both Russian and international environments and has a track record of success in business integration and restructuring. She serves as General Director/Chief Executive Officer of LLC NLMK-Long Products, a subsidiary of OJSC Novolipetsk Steel. Ms. Naumova served as the General Director of ZAO Rimera. She serves as a Director for Long products and metalware of OJSC Novolipetsk Steel. She served in IBS Group as Head of Marketing of D line Company. She served as General Director of Computer Depo Company from 1994 to 2000. She served as Head of ALT consulting company Moscow branch from 1993 to 1994. She served as Long Products Division Director of NLMK from 2009 to 2010. She served as Business Development Director and General Director of Cherepovets Steel Plant from 2001 to 2009 and General Director of Seversal Metiz from 2004 to 2009. She served as Chief Executive Officer and General Director of Severstal-metiz until May 7, 2009 and served as its Director from March 22, 2007 to May 7, 2009. Ms. Naumova graduated from the Social Science faculty of Moscow State University in 1994.

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

Average tenure and age of the Magnit management team in years:

0.3
Average Tenure
42
Average Age
  • The average tenure for the Magnit management team is less than 2 years, this suggests a new team.
Management Team

Olga Naumova

TITLE
CEO, Chairman of the Management Board & Executive Director
AGE
46
TENURE
0.3 yrs

Elena Milinova

TITLE
CFO & Deputy Chairman of the Management Board
AGE
42
TENURE
0.3 yrs

Sattarov Karimovich

TITLE
Member of Management Board
AGE
42
TENURE
2 yrs

Tatyana Knyazeva

TITLE
Member of the Management Board
TENURE
0.3 yrs

Elena Zhavoronkova

TITLE
Member of the Management Board
TENURE
0.3 yrs

Artem Smolenskiy

TITLE
Member of the Management Board
TENURE
0.3 yrs

Petr Molchanov

TITLE
Chief Investment Officer

Dina Svishcheva

TITLE
Head of IR

Barsukov Pavlovich

TITLE
Deputy CEO of Sales
AGE
41
TENURE
3 yrs

Sergey Rubtsov

TITLE
Head of Development
TENURE
2.8 yrs
Board of Directors Tenure

Average tenure and age of the Magnit board of directors in years:

0.5
Average Tenure
46
Average Age
  • The average tenure for the Magnit board of directors is less than 3 years, this suggests a new board.
Board of Directors

Charlie Ryan

TITLE
Chairman
AGE
51

Olga Naumova

TITLE
CEO, Chairman of the Management Board & Executive Director
AGE
46
TENURE
0.4 yrs

Paul Foley

TITLE
Deputy Chairman

Gregor Mowat

TITLE
Director
AGE
46
TENURE
0.5 yrs

James Simmons

TITLE
Director
TENURE
0.5 yrs

Alexander Prysyazhnyuk

TITLE
Director
TENURE
0.5 yrs

Alexey Makhnev

TITLE
Director
AGE
42
TENURE
0.5 yrs

Timothy Demchenko

TITLE
Director
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Value (USD)
31. Oct 17 Buy Sergey Galitskiy Individual 27. Oct 17 27. Oct 17 1,960 $274,074.54
30. Oct 17 Buy Sergey Galitskiy Individual 25. Oct 17 25. Oct 17 6,673 $959,826.74
X
Management checks
We assess Magnit'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. Magnit 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.

MGNT News

External News
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Simply Wall St News

How Public Joint Stock Company Magnit (MCX:MGNT) Delivered A Better ROE Than Its Industry

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … Public Joint Stock Company Magnit (MCX:MGNT) delivered an ROE of 13.4% over the past 12 months, which is relatively in-line with its industry average of 11.6% during the same period. … Sustainability can be gauged by a company’s financial leverage – the more debt it has, the higher ROE is pumped up in the short term, at the expense of long term interest payment burden.

Simply Wall St -

Should You Be Concerned About Public Joint Stock Company Magnit's (MCX:MGNT) Earnings Growth?

When Public Joint Stock Company Magnit (MCX:MGNT) released its most recent earnings update (31 December 2017), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … Did MGNT perform worse than its track record and industry. … MGNT's trailing twelve-month earnings (from 31 December 2017) of US$609.04m has

Simply Wall St -

What Investors Should Know About Public Joint Stock Company Magnit's (MCX:MGNT) Financial Strength

Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like Public Joint Stock Company Magnit (MCX:MGNT), with a market cap of US$469.71b, are often out of the spotlight. … Let’s take a look at MGNT’s debt concentration and assess their financial liquidity to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures. … Note that this information is centred entirely on financial health and is a top-level understanding, so I encourage you to look further.

Simply Wall St -

Does Public Joint Stock Company Magnit's (MCX:MGNT) PE Ratio Signal A Selling Opportunity?

MGNT is priced at a multiple of 11.34x based on its prior year’s earnings,. … slightly lower than the 18.67x average multiple of the Consumer Retailing. … However, a static multiple such as PE is never conclusive on its own.

Simply Wall St -

Should You Buy Public Joint Stock Company Magnit (MISX:MGNT) Based On These Aspects?

I've been keeping an eye on Public Joint Stock Company Magnit (MISX:MGNT) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe MGNT has a lot to offer. … is a company that has been able to sustain great financial health, trading at an attractive share price.

Simply Wall St -

Is Public Joint Stock Company Magnit's (MCX:MGNT) Stock Available For A Good Price After Accounting For Growth?

Growth expectations for Public Joint Stock Company Magnit (MISX:MGNT) are high, but many investors are starting to ask whether its last close at RUB5175 can still be rationalized by the future potential. … But, since Magnit is a high-growth stock, we must also account for its earnings growth by using calculation called the PEG ratio. … A PE ratio of 12.98x and expected year-on-year earnings growth of 11.41% give Magnit an acceptable PEG ratio of 1.14x.

Simply Wall St -

What Do Expectations Tell Us About Public Joint Stock Company Magnit's (MCX:MGNT) Margins In The Future?

To get some insight, I will try to evaluate Magnit's margin behaviour to assist in analysing the revenue and cost anatomy behind the earnings expectations for the future and the impact it has on shareholder returns relative to the wider industry. … Margin Calculation for MGNT Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 609.04 Million ÷ 19.59 Billion = 3.11% There has been a contraction in Magnit's margin over the past five years, as a result of a 5.97% average growth in revenue outstripping a 5.25% average growth in net income, which means that although revenue has increased, a smaller portion falls in to the bottom line. … Understanding what could be driving Magnit's future earnings Margins are expected to reverse its previous trend and start to expand, with annual revenue growth tipped at 8.95% and 11.53% earnings growth expected annually.

Simply Wall St -

What Should You Know About Public Joint Stock Company Magnit's (MCX:MGNT) Earnings Trajectory?

Below is my commentary, albeit very simple and high-level, on how market analysts predict Magnit's earnings growth trajectory over the next couple of years and whether the future looks brighter. … Check out our latest analysis for Magnit Analysts' outlook for this coming year seems pessimistic, with earnings declining by -4.09%. … MISX:MGNT Future Profit May 8th 18 Although it is helpful to understand the growth each year relative to today’s value, it may be more beneficial evaluating the rate at which the earnings are growing on average every year.

Simply Wall St -

Is Public Joint Stock Company Magnit (MCX:MGNT) A Buy At Its Current PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for MGNT Price per share = $77.89 Earnings per share = $6.404 ∴ Price-Earnings Ratio = $77.89 ÷ $6.404 = 12.2x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … Ideally, we want to compare the stock’s P/E ratio to the average of companies that have similar characteristics as MGNT, such as size and country of operation. … For example, if you are inadvertently comparing lower risk firms with MGNT, then MGNT’s P/E would naturally be lower than its peers, since investors would value those with lower risk with a higher price.

Simply Wall St -

Did Public Joint Stock Company Magnit (MCX:MGNT) Create Value For Shareholders?

Check out our latest analysis for Magnit What you must know about ROE Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity Returns are usually compared to costs to measure the efficiency of capital. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity MISX:MGNT Last Perf Apr 16th 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.

Simply Wall St -

MGNT Company Info

Map
Description

Public Joint Stock Company Magnit, together with its subsidiaries, engages in the retail and distribution of consumer goods under the Magnit name in Russia. The company’s retail operations are operated through convenience stores, cosmetic stores, hypermarkets, and others. It is also involved in rental operations. As of March 31, 2018, the company operated 16,625 stores, including 12,283 convenience, 242 hypermarkets, 210 Magnit Family stores, and 3,890 drogerie stores in 2,764 cities and towns throughout 7 federal regions of the Russian Federation; and 37 distribution centers. Public Joint Stock Company Magnit was founded in 1994 and is headquartered in Krasnodar, Russia.

Details
Name: Public Joint Stock Company Magnit
MGNT
Exchange: MISX
Founded: 1994
RUB355,670,628,950
101,911,355
Website: http://www.magnit-info.ru
Address: Public Joint Stock Company Magnit
15/5 Solnechnaya Street,
Krasnodar,
Krasnodarskiy kray, 350072,
Russia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
MISX MGNT Ordinary Shares Micex - Rts RU RUB 28. Apr 2006
KAS RU_MGNT Ordinary Shares Kazakhstan Stock Exchange KZ KZT 28. Apr 2006
LSE MGNT GDR EACH REPR 0.20 ORD REGS London Stock Exchange GB USD 16. Apr 2008
DB 5M71 GDR EACH REPR 0.20 ORD REGS Deutsche Boerse AG DE EUR 16. Apr 2008
WBAG MGNT GDR EACH REPR 0.20 ORD REGS Wiener Boerse AG AT EUR 16. Apr 2008
BATS-CHIXE MGNTL GDR EACH REPR 0.20 ORD REGS BATS 'Chi-X Europe' GB USD 16. Apr 2008
Number of employees
Current staff
Staff numbers
0
Magnit employees.
Industry
Food Retail
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/10/14 18:30
End of day share price update: 2018/10/12 00:00
Last estimates confirmation: 2018/10/12
Last earnings filing: 2018/08/20
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.