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OKEY

O'Key Group MISX:OKEY Stock Report

Last Price

US$24.62

Market Cap

US$11.2b

7D

-1.8%

1Y

-55.4%

Updated

10 May, 2022

Data

Company Financials +
OKEY fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance2/6
Financial Health1/6
Dividends2/6

OKEY Stock Overview

O'Key Group S.A., together with its subsidiaries, operates a retail chain in Russia.

O'Key Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for O'Key Group
Historical stock prices
Current Share PriceUS$24.62
52 Week HighUS$59.00
52 Week LowUS$22.18
Beta1.12
1 Month Change-10.64%
3 Month Change-43.45%
1 Year Change-55.38%
3 Year Changen/a
5 Year Changen/a
Change since IPO-63.74%

Recent News & Updates

Shareholder Returns

OKEYRU Consumer RetailingRU Market
7D-1.8%-4.0%-1.1%
1Y-55.4%-8.4%-22.4%

Return vs Industry: OKEY underperformed the Russian Consumer Retailing industry which returned -9.6% over the past year.

Return vs Market: OKEY underperformed the Russian Market which returned -23.3% over the past year.

Price Volatility

Is OKEY's price volatile compared to industry and market?
OKEY volatility
OKEY Average Weekly Movement15.8%
Consumer Retailing Industry Average Movement5.9%
Market Average Movement16.0%
10% most volatile stocks in RU Market22.2%
10% least volatile stocks in RU Market10.1%

Stable Share Price: OKEY is not significantly more volatile than the rest of Russian stocks over the past 3 months, typically moving +/- 16% a week.

Volatility Over Time: OKEY's weekly volatility has increased from 7% to 16% over the past year, but is still lower than 75% of Russian stocks.

About the Company

FoundedEmployeesCEOWebsite
200220,000Armin Burgerhttps://okeygroup.lu

O'Key Group S.A., together with its subsidiaries, operates a retail chain in Russia. It primarily operates hypermarkets under the O’KEY brand name; and discounter stores under Da! brand name.

O'Key Group Fundamentals Summary

How do O'Key Group's earnings and revenue compare to its market cap?
OKEY fundamental statistics
Market Cap₽11.22b
Earnings (TTM)₽207.83m
Revenue (TTM)₽187.10b

54.0x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OKEY income statement (TTM)
Revenue₽187.10b
Cost of Revenue₽146.38b
Gross Profit₽40.72b
Other Expenses₽40.51b
Earnings₽207.83m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 26, 2022

Earnings per share (EPS)0.77
Gross Margin21.76%
Net Profit Margin0.11%
Debt/Equity Ratio274.1%

How did OKEY perform over the long term?

See historical performance and comparison

Dividends

5.3%

Current Dividend Yield

285%

Payout Ratio

Valuation

Is O'Key Group undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: OKEY (RUB24.62) is trading below our estimate of fair value (RUB292.11)

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


Price To Earnings Ratio

PE vs Industry: OKEY is poor value based on its PE Ratio (54x) compared to the European Consumer Retailing industry average (14.4x).

PE vs Market: OKEY is poor value based on its PE Ratio (54x) compared to the Russian market (6.9x).


Price to Earnings Growth Ratio

PEG Ratio: OKEY is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: OKEY is good value based on its PB Ratio (0.8x) compared to the XE Consumer Retailing industry average (2x).


Future Growth

How is O'Key Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


55.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OKEY's forecast earnings growth (55.9% per year) is above the savings rate (7.3%).

Earnings vs Market: OKEY's earnings (55.9% per year) are forecast to grow faster than the Russian market (1.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: OKEY's revenue (9.1% per year) is forecast to grow faster than the Russian market (5.6% per year).

High Growth Revenue: OKEY's revenue (9.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if OKEY's Return on Equity is forecast to be high in 3 years time


Past Performance

How has O'Key Group performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-36.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: OKEY has a large one-off loss of RUB1.0B impacting its December 31 2021 financial results.

Growing Profit Margin: OKEY became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: OKEY has become profitable over the past 5 years, growing earnings by -36.8% per year.

Accelerating Growth: OKEY has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: OKEY has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Retailing industry (41.2%).


Return on Equity

High ROE: OKEY's Return on Equity (1.5%) is considered low.


Financial Health

How is O'Key Group's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: OKEY's short term assets (RUB34.1B) do not cover its short term liabilities (RUB41.8B).

Long Term Liabilities: OKEY's short term assets (RUB34.1B) do not cover its long term liabilities (RUB51.2B).


Debt to Equity History and Analysis

Debt Level: OKEY's net debt to equity ratio (205.9%) is considered high.

Reducing Debt: OKEY's debt to equity ratio has increased from 161.1% to 274.1% over the past 5 years.

Debt Coverage: OKEY's debt is well covered by operating cash flow (36.4%).

Interest Coverage: OKEY's interest payments on its debt are not well covered by EBIT (1.2x coverage).


Balance Sheet


Dividend

What is O'Key Group current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


5.28%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: OKEY's dividend (5.28%) is higher than the bottom 25% of dividend payers in the Russian market (3.93%).

High Dividend: OKEY's dividend (5.28%) is low compared to the top 25% of dividend payers in the Russian market (11.79%).


Stability and Growth of Payments

Stable Dividend: OKEY's dividend payments have been volatile in the past 10 years.

Growing Dividend: OKEY's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (284.8%), OKEY's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (7.1%), OKEY's dividend payments are thoroughly covered by cash flows.


Next Steps

Management

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

2.3yrs

Average management tenure


CEO

Armin Burger (57 yo)

9.33yrs

Tenure

Mr. Armin Burger is Chief Executive Officer of O'Key Group S.A. since September 13, 2018 and also has been the Chief Executive Officer of Discounter Chain at O'KEY GROUP SA and served as its Chief Executiv...


Leadership Team

Experienced Management: OKEY's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: OKEY's board of directors are seasoned and experienced ( 11.9 years average tenure).


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

O'Key Group S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: O'Key Group S.A.
  • Ticker: OKEY
  • Exchange: MISX
  • Founded: 2002
  • Industry: Hypermarkets and Super Centers
  • Sector: Consumer Retailing
  • Implied Market Cap: US$160.368m
  • Listing Market Cap: US$11.221b
  • Shares outstanding: 269.07m
  • Website: https://okeygroup.lu

Number of Employees


Location

  • O'Key Group S.A.
  • 6, rue Jean Monnet
  • Luxembourg City
  • 2180
  • Luxembourg

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/10 00:00
End of Day Share Price2022/05/06 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.