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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
RUB480B
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 171 days ago. More info.


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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 16 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 0.53
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.529 (1 + (1- 20%) (29.16%))
0.653
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
2018 2019 2020 2021 2022
Levered FCF (USD, Millions) 351.93 504.33 751.74 1,124.21 1,285.12
Source Analyst x4 Analyst x7 Analyst x6 Analyst x4 Analyst x4
Present Value
Discounted (@ 13.41%)
310.31 392.12 515.37 679.59 684.99
Present value of next 5 years cash flows $2,582
MISX:MGNT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2022 × (1 + g) ÷ (Discount Rate – g)
= $1,285 × (1 + 7.05%) ÷ (13.41% – 7.05%)
$21,631
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $21,631 ÷ (1 + 13.41%)5
$11,530
MISX:MGNT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $2,582 + $11,530
$14,112
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $14,112 / 102
$138.47
MISX:MGNT Discount to Share Price
Calculation Result
Exchange Rate USD/RUB
(Reporting currency to currency of MISX:MGNT)
63.755
Value per Share
(RUB)
= Value per Share in USD x Exchange Rate (USD/RUB)
= $138.47 x 63.755
RUB8828.35
Value per share (RUB) From above. RUB8,828.35
Current discount Discount to share price of RUB4,631.00
= -1 x (RUB4,631.00 - RUB8,828.35) / RUB8,828.35
47.5%

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
48%
Share price is RUB4631 vs Future cash flow value of RUB8828.35
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 () in USD $6.40
MISX:MGNT Share Price ** MISX (2018-06-18) in RUB RUB4631
MISX:MGNT Share Price converted to USD reporting currency Exchange rate (RUB/ USD) 0.016 $72.64
Europe Consumer Retailing Industry PE Ratio Median Figure of 136 Publicly-Listed Consumer Retailing Companies 18.67x
Russian Federation Market PE Ratio Median Figure of 151 Publicly-Listed Companies 7.58x

* 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 USD)

= 72.64 ÷ 6.40

11.34x

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 11.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts
12.5%per year
Europe Consumer Retailing Industry PEG Ratio Median Figure of 113 Publicly-Listed Consumer Retailing Companies 2.19x
Russian Federation Market PEG Ratio Median Figure of 53 Publicly-Listed Companies 0.65x

*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

= 11.34x ÷ 12.5%

0.91x

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 () in USD $44.17
MISX:MGNT Share Price * MISX (2018-06-18) in RUB RUB4631
MISX:MGNT Share Price converted to USD reporting currency Exchange rate (RUB/ USD) 0.016 $72.64
Europe Consumer Retailing Industry PB Ratio Median Figure of 166 Publicly-Listed Consumer Retailing Companies 1.83x
Russian Federation Market PB Ratio Median Figure of 181 Publicly-Listed Companies 0.87x
MISX:MGNT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 72.64 ÷ 44.17

1.64x

* 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.
    Note 2: PEG ratio is based on analysts EPS growth expectations in 1 year (-12.38%).

    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 16 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
12.5%
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 16 Analysts 12.5%
MISX:MGNT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts 8.9%
Europe Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 11%
Europe Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Russian Federation Market Earnings Growth Rate Market Cap Weighted Average 8.5%
Russian Federation Market Revenue Growth Rate Market Cap Weighted Average 4.2%

*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 (5 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MISX:MGNT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 30,567 2,177 1,033 3
2021-12-31 28,741 1,926 967 4
2020-12-31 25,165 1,507 929 13
2019-12-31 22,963 1,427 790 15
2018-12-31 20,220 1,146 580 16
MISX:MGNT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2017-12-31 19,593 1,009 609
2017-09-30 18,888 936 703
2017-06-30 18,182 864 798
2017-03-31 17,108 861 805
2016-12-31 16,034 858 812
2016-09-30 15,564 880 856
2016-06-30 15,094 902 900
2016-03-31 15,344 1,078 935
2015-12-31 15,595 1,254 969
2015-09-30 16,706 1,291 1,045
2015-06-30 17,818 1,329 1,121
2015-03-31 18,845 1,485 1,181

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Magnit's earnings are expected to grow by 12.5% yearly, however this is not considered high growth (20% yearly).
  • Magnit's revenue is expected to grow by 8.9% 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 (5 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below

All data from Magnit Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:MGNT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 8.07 8.11 8.03 2.00
2019-12-31 6.74 7.11 6.22 3.00
2018-12-31 5.61 5.66 5.57 2.00
MISX:MGNT Past Financials Data
Date (Data in USD Millions) EPS *
2017-12-31 6.40
2017-09-30 7.42
2017-06-30 8.44
2017-03-31 8.51
2016-12-31 8.58
2016-09-30 9.05
2016-06-30 9.52
2016-03-31 9.88
2015-12-31 10.25
2015-09-30 11.05
2015-06-30 11.86
2015-03-31 12.49

*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 has been positive over the past 5 years, however 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 5 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 USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2017-12-31 19,593.10 609.04 3,743.31
2017-09-30 18,887.69 703.46 3,538.16
2017-06-30 18,182.28 797.88 3,692.98
2017-03-31 17,107.95 804.77 3,416.82
2016-12-31 16,033.61 811.65 2,780.70
2016-09-30 15,563.63 855.97 2,860.35
2016-06-30 15,093.65 900.28 2,940.00
2016-03-31 15,344.12 934.58 2,963.29
2015-12-31 15,594.59 968.89 2,986.57
2015-09-30 16,706.11 1,045.11 2,966.10
2015-06-30 17,817.64 1,121.33 2,945.63
2015-03-31 18,844.97 1,181.22 3,124.11
2014-12-31 19,872.29 1,241.12 3,302.59
2014-09-30 19,628.19 1,225.32 3,284.58
2014-06-30 19,384.08 1,209.52 3,266.57
2014-03-31 18,793.00 1,163.98 3,153.13
2013-12-31 18,201.92 1,118.45 3,039.70
2013-09-30 17,326.12 1,027.65 2,851.96
2013-06-30 16,450.32 936.84 2,664.22
2013-03-31 15,439.99 872.33 2,463.35
2012-12-31 14,429.65 807.81 2,262.48
2012-09-30 13,578.97 713.01 2,120.31
2012-06-30 12,728.28 618.21 1,978.14
2012-03-31 12,075.77 518.44 1,877.56
2011-12-31 11,423.26 418.68 1,776.99
2011-09-30 10,611.84 380.75 1,614.93
2011-06-30 9,800.43 342.83 1,452.87

*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 2/6, 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 1.5x 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 5 months ago.

MISX:MGNT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2017-12-31 4,501.85 2,195.48 322.10
2017-09-30 4,501.85 2,195.48 322.10
2017-06-30 3,561.81 2,446.60 99.33
2017-03-31 3,561.81 2,446.60 99.33
2016-12-31 3,232.56 2,103.73 276.56
2016-09-30 3,232.56 2,103.73 276.56
2016-06-30 2,902.01 1,870.09 80.21
2016-03-31 2,902.01 1,870.09 80.21
2015-12-31 2,265.84 1,430.08 118.52
2015-09-30 2,265.84 1,430.08 118.52
2015-06-30 2,814.19 1,763.30 221.57
2015-03-31 2,814.19 1,763.30 221.57
2014-12-31 2,553.42 1,700.49 322.92
2014-09-30 2,553.42 1,700.49 322.92
2014-06-30 4,070.08 2,013.16 110.91
2014-03-31 4,070.08 2,013.16 110.91
2013-12-31 3,854.73 2,253.69 181.22
2013-09-30 3,854.73 2,253.69 181.22
2013-06-30 3,329.96 1,865.27 266.11
2013-03-31 3,329.96 1,865.27 266.11
2012-12-31 3,267.26 2,086.37 409.99
2012-09-30 3,267.26 2,086.37 409.99
2012-06-30 2,651.97 1,499.17 128.48
2012-03-31 2,651.97 1,499.17 128.48
2011-12-31 2,444.26 1,616.66 534.39
2011-09-30 2,444.26 1,616.66 534.39
2011-06-30 1,977.49 1,689.14 75.78
  • Magnit's level of debt (48.8%) 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 (63.8% vs 48.8% today).
  • Debt is well covered by operating cash flow (45.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4x 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
5.42%
Current annual income from Magnit dividends. Estimated to be 5.23% next year.
If you bought RUB2,000 of Magnit shares you are expected to receive RUB108 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 (3.46%).
  • Magnit's dividend is below the markets top 25% of dividend payers in Russian Federation (8.53%).
Upcoming dividend payment

Purchase Magnit on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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 16 Analyst Estimates (S&P Global) See Below
Europe Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 131 Stocks 2.5%
Russian Federation Market Average Dividend Yield Market Cap Weighted Average of 93 Stocks 5.7%
Russian Federation Minimum Threshold Dividend Yield 10th Percentile 1.8%
Russian Federation Bottom 25% Dividend Yield 25th Percentile 3.5%
Russian Federation Top 25% Dividend Yield 75th Percentile 8.5%

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 $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 4.62 4.00
2019-12-31 3.63 5.00
2018-12-31 2.58 2.00
MISX:MGNT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-05-18 251.010 5.015
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 8 years.
Current Payout to shareholders
What portion of Magnit's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by net profit (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by net profit (1.8x coverage).
X
Income/ dividend checks
We assess Magnit's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - 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
Khachatur Pombukhchan, image provided by Google.
Khachatur Pombukhchan
AGE 43
CEO Bio

Mr. Khachatur Eduardovich Pombukhchan is Chief Executive Officer and Chairman of Management Board of Public Joint Stock Company Magnit. Mr. Pombukhchan served as Chief Financial Officer Management Board of Public Joint Stock Company Magnit since July 1, 2008 until February 17, 2018. Mr. Pombukhchan served as the Chairman of Public Joint Stock Company Magnit since June 24, 2010. Mr. Pombukhchan has been the Chief Financial Officer of JSC Tander since July 1, 2008 and served as its Marketing Director from March 2, 2006 to May 3, 2008. He served as First Deputy Chief Financial Officer of JSC Tander from May 4, 2008, to June 30, 2008 and Deputy Chief Financial Officer of OJSC Magnit from May 4, 2008 to June 30, 2008. He served as the Chief Executive Officer of LLC Magnit Finance from June 19, 2008 to May 17, 2012. He was a Director of Public Joint Stock Company Magnit from June 2009 until April 20, 2018. He served as a Director of LLC Tandem from December 13, 2008 to February 24, 2009. Mr. Pombukhchan graduated from Kuban State University with a degree in applied mathematics in 1996; and from Russian Distance-Learning finance & economics institute with a degree in Economics in 2000.

CEO Compensation
  • Insufficient data for Khachatur to compare compensation growth.
  • Insufficient data for Khachatur to establish whether their compensation is reasonable for a company of this size and profit level.
Management Team Tenure

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

2.4
Average Tenure
42
Average Age
  • The tenure for the Magnit management team is about average.
Management Team

Khachatur Pombukhchan

TITLE
Chairman of Management Board & CEO
AGE
43

Elena Milinova

TITLE
Chief Financial Officer
AGE
41
TENURE
0.2 yrs

Arutyunyan Nikolaevich

TITLE
Member of Management Board
AGE
48

Ivanova Alexeevna

TITLE
Member of Management Board
AGE
53
TENURE
5.7 yrs

Sattarov Karimovich

TITLE
Member of Management Board
AGE
41
TENURE
1.7 yrs

Timothy Post

TITLE
Head of Investor Relations
TENURE
5.3 yrs

Barsukov Pavlovich

TITLE
Deputy CEO of Sales
AGE
40
TENURE
2.7 yrs

Sergey Rubtsov

TITLE
Head of Development
TENURE
2.4 yrs

Denis Fedotov

TITLE
Deputy Chief Executive Officer for Sales Technological Support
TENURE
1.9 yrs

Sergey Goncharov

TITLE
Head of Drogerie Format
Board of Directors Tenure

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

0.2
Average Tenure
45
Average Age
  • The average tenure for the Magnit board of directors is less than 3 years, this suggests a new board.
Board of Directors

Alexander Prysyazhnyuk

TITLE
Director
TENURE
0.2 yrs

Alexey Makhnev

TITLE
Director
AGE
41
TENURE
0.2 yrs

Gregor Mowat

TITLE
Director
TENURE
0.2 yrs

Paul Foley

TITLE
Director
TENURE
0.2 yrs

Charlie Ryan

TITLE
Director
AGE
50
TENURE
0.2 yrs

Timothy Demchenko

TITLE
Director
TENURE
0.2 yrs

James Simmons

TITLE
Director
TENURE
0.2 yrs

Olga Naumova

TITLE
Executive Director
AGE
45
TENURE
0.1 yrs
Recent Insider Trading
  • No 3 month insider trading information.
Who owns this company?
X
Management checks
We assess Magnit's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap and profit (greater than 0.5% of the company's profit + 0.03% of 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

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 -

Stock Pick Of The Day: Public Joint Stock Company Magnit (MCX:MGNT)

The current share price for MGNT is RUРУБ4,680.00. … Furthermore, comparing MGNT's current share price to its peers based on its industry and earnings level, it's undervalued by 45.50%, with a PE ratio of 12.76x vs. … I'm attracted to the company because of the growth story, the possibility that it is yet to be factored into the share price, and the strong capital management.

Simply Wall St -

Investors Are Undervaluing Public Joint Stock Company Magnit (MCX:MGNT) By 44%

5-year cash flow forecast 2018 2019 2020 2021 2022 Levered FCF ($, Millions) $256.54 $499.90 $829.21 $1,104.08 $1,306.46 Source Analyst x5 Analyst x8 Analyst x5 Analyst x5 Analyst x5 Present Value Discounted @ 13.41% $226.20 $388.67 $568.48 $667.41 $696.37 Present Value of 5-year Cash Flow (PVCF)= $2,547 The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = $1,306 × (1 + 7%) ÷ (13.4% – 7%) = $21,990 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = $21,990 / ( 1 + 13.4%)5 = $11,721 The total value is the sum of cash flows for the next five years and the discounted terminal value, which results in the Total Equity Value, which in this case is RUB14,268. … MISX:MGNT Intrinsic Value Mar 23rd 18 The assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.

Simply Wall St -

Does Public Joint Stock Company Magnit's (MCX:MGNT) -11.37% Earnings Drop Reflect A Longer Term Trend?

After reading Public Joint Stock Company Magnit's (MISX:MGNT) most recent earnings announcement (30 June 2017), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … Check out our latest analysis for Magnit Was MGNT's recent earnings decline indicative of a tough track record? … I use data from the most recent 12 months, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data.

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 December 31, 2017, the company operated 16,350 retail stores, including 12,125 convenience stores, 243 hypermarkets, 208 Magnit family stores, and 3,774 drogerie stores in approximately 2,709 cities, towns, and villages in 7 federal regions in Russia; and 37 distribution centers. The company was founded in 1994 and is headquartered in Krasnodar, Russia.

Details
Name: Public Joint Stock Company Magnit
MGNT
Exchange: MISX
Founded: 1994
RUB480,002,482,050
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(5 GDRS REP 1 ORD) REGS London Stock Exchange GB USD 16. Apr 2008
DB 5M71 GDR(5 GDRS REP 1 ORD) REGS Deutsche Boerse AG DE EUR 16. Apr 2008
WBAG MGNT GDR(5 GDRS REP 1 ORD) REGS Wiener Boerse AG AT EUR 16. Apr 2008
BATS-CHIXE MGNTL GDR(5 GDRS REP 1 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: 2018/06/20 01:51
End of day share price update: 2018/06/18 00:00
Last estimates confirmation: 2018/06/18
Last earnings update: 2017/12/31
Last annual earnings update: 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.