Public Joint-Stock Company Moscow Exchange MICEX-RTS, an integrated exchange, provides competitive trading, clearing, settlement, depository, and information services to market participants.
Acceptable track record second-rate dividend payer.
Share Price & News
How has Moscow Exchange MICEX-RTS's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MOEX has not had significant price volatility in the past 3 months.
7 Day Return
RU Capital Markets
1 Year Return
RU Capital Markets
Return vs Industry: MOEX exceeded the Russian Capital Markets industry which returned 6.6% over the past year.
Return vs Market: MOEX exceeded the Russian Market which returned 15.3% over the past year.
Price Volatility Vs. Market
How volatile is Moscow Exchange MICEX-RTS's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall StPublic Joint-Stock Company Moscow Exchange MICEX-RTS's (MCX:MOEX) Earnings Dropped -8.9%, Did Its Industry Show Weakness Too?
1 year ago | Simply Wall StPublic Joint-Stock Company Moscow Exchange MICEX-RTS (MCX:MOEX): What Does The Future Look Like?
Is Moscow Exchange MICEX-RTS undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MOEX (RUB107.3) is trading above our estimate of fair value (RUB59.14)
Significantly Below Fair Value: MOEX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MOEX is good value based on its PE Ratio (12.1x) compared to the Capital Markets industry average (21.1x).
PE vs Market: MOEX is poor value based on its PE Ratio (12.1x) compared to the Russian market (9x).
Price to Earnings Growth Ratio
PEG Ratio: MOEX is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: MOEX is overvalued based on its PB Ratio (1.9x) compared to the RU Capital Markets industry average (1.2x).
How is Moscow Exchange MICEX-RTS forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MOEX's forecast earnings growth (6% per year) is below the savings rate (6.4%).
Earnings vs Market: MOEX's earnings (6% per year) are forecast to grow faster than the Russian market (5.1% per year).
High Growth Earnings: MOEX's earnings are forecast to grow, but not significantly.
Revenue vs Market: MOEX's revenue (4% per year) is forecast to grow faster than the Russian market (3.9% per year).
High Growth Revenue: MOEX's revenue (4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MOEX's Return on Equity is forecast to be low in 3 years time (16.2%).
How has Moscow Exchange MICEX-RTS performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MOEX has high quality earnings.
Growing Profit Margin: MOEX's current net profit margins (48.4%) are higher than last year (46%).
Past Earnings Growth Analysis
Earnings Trend: MOEX's earnings have declined by -2.2% per year over the past 5 years.
Accelerating Growth: MOEX's earnings growth over the past year (4.3%) exceeds its 5-year average (-2.2% per year).
Earnings vs Industry: MOEX earnings growth over the past year (4.3%) underperformed the Capital Markets industry 5.7%.
Return on Equity
High ROE: MOEX's Return on Equity (15.9%) is considered low.
How is Moscow Exchange MICEX-RTS's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: MOEX has a low level of unsold assets or inventory.
Debt Coverage by Assets: MOEX's debt is covered by short term assets (assets are 127.6x debt).
Financial Institutions Analysis
Asset Level: MOEX's level of assets compared to its equity is very high.
Allowance for Bad Loans: Insufficient data to determine if MOEX has a sufficient allowance for bad loans.
Low Risk Liabilities: MOEX reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if MOEX has an acceptable proportion of non-loan assets held.
Low Risk Deposits: MOEX has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if MOEX has an appropriate level of bad loans.
What is Moscow Exchange MICEX-RTS's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MOEX's dividend (7.18%) is higher than the bottom 25% of dividend payers in the Russian market (3.11%).
High Dividend: MOEX's dividend (7.18%) is low compared to the top 25% of dividend payers in the Russian market (7.58%).
Stability and Growth of Payments
Stable Dividend: MOEX has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: MOEX's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (87.2%), MOEX's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MOEX's dividends in 3 years are forecast to be covered by earnings (85.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Yury Denisov (49yo)
Mr. Yury Olegovich Denisov serves as Senior Vice President and Treasurer at VTB Bank. Mr. Denisov is the Chairman of the Executive Board and CEO at PJSC "Moscow Exchange MICEX-RTS" since May 2019. He serve ...
|Chairman of the Executive Board||0.8yrs||₽15.56m||no data|
|CFO & Member of the Executive Board||2.4yrs||no data||no data|
|MD of Money & Derivatives Markets and Member of Executive Board||3.6yrs||no data||no data|
|MD of Securities Market & Member of Executive Board||3.6yrs||no data||0.0098% RUB23.6m|
|COO & Member of the Executive Board||7.1yrs||no data||0.00077% RUB1.9m|
|Chief Accountant||0yrs||no data||no data|
|Director of Investor Relations||2.6yrs||no data||no data|
|Director of Law Department||0yrs||no data||no data|
|Managing Director for Technological Development||0yrs||no data||no data|
|Managing Director of National Crearing Centre||0yrs||no data||no data|
Experienced Management: MOEX's management team is considered experienced (3.1 years average tenure).
|Chairman of the Executive Board||0.8yrs||₽15.56m||no data|
|Member of the Supervisory Board||8.8yrs||₽8.75m||no data|
|Senior Independent Member of the Supervisory Board||6.7yrs||₽14.59m||no data|
|Deputy Chairman of the Supervisory Board||0yrs||₽17.94m||no data|
|Independent Member of the Supervisory Board||3.8yrs||₽8.02m||no data|
|Independent Chairman of the Supervisory Board||1.8yrs||₽14.10m||no data|
|Independent Member of the Supervisory Board||2.1yrs||no data||no data|
|Member of the Supervisory Board||5.7yrs||₽508.00k||no data|
|Independent Member of the Supervisory Board||0yrs||no data||no data|
|Member of Supervisory Board||1.1yrs||no data||no data|
Experienced Board: MOEX's board of directors are considered experienced (4.8 years average tenure).
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 Moscow Exchange MICEX-RTS's company bio, employee growth, exchange listings and data sources
- Name: Public Joint-Stock Company Moscow Exchange MICEX-RTS
- Ticker: MOEX
- Exchange: MISX
- Founded: 1992
- Industry: Financial Exchanges and Data
- Sector: Diversified Financials
- Market Cap: ₽241.838b
- Shares outstanding: 2.25b
- Website: https://www.moex.com
Number of Employees
- Public Joint-Stock Company Moscow Exchange MICEX-RTS
- 13 Bolshoy Kislovsky per.
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MOEX||MISX (Micex - Rts)||Yes||Ordinary Shares||RU||RUB||Sep 2012|
Public Joint-Stock Company Moscow Exchange MICEX-RTS, an integrated exchange, provides competitive trading, clearing, settlement, depository, and information services to market participants. The company offers depository, clearing, repository, and settlement, as well as banking, technical support, IT, and commodities exchange services. It operates on the foreign currencies exchange market, government securities and money market, derivative financial instruments market, equities market, corporate and regional bonds market, and commodities market. Public Joint-Stock Company Moscow Exchange MICEX-RTS has strategic partnership with Kazakhstan Stock Exchange Joint-Stock Company. The company was founded in 1992 and is based in Moscow, Russia. Public Joint-Stock Company Moscow Exchange MICEX-RTS is a subsidiary of MMVB-Finance OOO.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 22:34|
|End of Day Share Price||2020/02/26 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.