Public Joint-Stock Company Moscow Exchange MICEX-RTS, an integrated exchange, provides competitive trading, clearing, settlement, depository, and information services to financial market participants.
Moscow Exchange MICEX-RTS Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||₽179.40|
|52 Week High||₽131.02|
|52 Week Low||₽192.63|
|1 Month Change||-0.14%|
|3 Month Change||4.24%|
|1 Year Change||23.51%|
|3 Year Change||84.57%|
|5 Year Change||41.71%|
|Change since IPO||226.18%|
Recent News & Updates
Here's Why I Think Moscow Exchange MICEX-RTS (MCX:MOEX) Is An Interesting Stock
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
Public Joint-Stock Company Moscow Exchange MICEX-RTS (MCX:MOEX) First-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year
As you might know, Public Joint-Stock Company Moscow Exchange MICEX-RTS ( MCX:MOEX ) recently reported its...
Should You Buy Public Joint-Stock Company Moscow Exchange MICEX-RTS (MCX:MOEX) For Its Dividend?
Could Public Joint-Stock Company Moscow Exchange MICEX-RTS ( MCX:MOEX ) be an attractive dividend share to own for the...
|MOEX||RU Capital Markets||RU Market|
Return vs Industry: MOEX underperformed the Russian Capital Markets industry which returned 30.9% over the past year.
Return vs Market: MOEX underperformed the Russian Market which returned 39.2% over the past year.
Stable Share Price: MOEX is not significantly more volatile than the rest of Russian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: MOEX's weekly volatility (3%) has been stable over the past year.
About the Company
Public Joint-Stock Company Moscow Exchange MICEX-RTS, an integrated exchange, provides competitive trading, clearing, settlement, depository, and information services to financial market participants. It offers trading services in foreign exchange, securities, derivatives and money markets, listing, and other trading services. The company also provides CCP clearing services and other clearing services; depository and settlement services provided to participants in the on-exchange and OTC markets; OTC transaction registration services; collateral management services; and information services.
Moscow Exchange MICEX-RTS Fundamentals Summary
|MOEX fundamental statistics|
Is MOEX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MOEX income statement (TTM)|
|Cost of Revenue||₽0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||11.63|
|Net Profit Margin||50.25%|
How did MOEX perform over the long term?See historical performance and comparison
5.3%Current Dividend Yield
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 (RUB179.4) is trading above our estimate of fair value (RUB143.23)
Significantly Below Fair Value: MOEX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MOEX is poor value based on its PE Ratio (15.4x) compared to the European Capital Markets industry average (15.2x).
PE vs Market: MOEX is poor value based on its PE Ratio (15.4x) compared to the Russian market (9.8x).
Price to Earnings Growth Ratio
PEG Ratio: MOEX is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: MOEX is overvalued based on its PB Ratio (3.2x) compared to the XE Capital Markets industry average (1.5x).
How is Moscow Exchange MICEX-RTS forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MOEX's forecast earnings growth (11.7% per year) is above the savings rate (7.4%).
Earnings vs Market: MOEX's earnings (11.7% per year) are forecast to grow faster than the Russian market (2.3% per year).
High Growth Earnings: MOEX's earnings are forecast to grow, but not significantly.
Revenue vs Market: MOEX's revenue (10.9% per year) is forecast to grow faster than the Russian market (3.8% per year).
High Growth Revenue: MOEX's revenue (10.9% 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 high in 3 years time (21.7%)
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 (50.2%) are lower than last year (52.4%).
Past Earnings Growth Analysis
Earnings Trend: MOEX's earnings have declined by 0.02% per year over the past 5 years.
Accelerating Growth: MOEX's earnings growth over the past year (9.8%) exceeds its 5-year average (-0.02% per year).
Earnings vs Industry: MOEX earnings growth over the past year (9.8%) underperformed the Capital Markets industry 38.4%.
Return on Equity
High ROE: MOEX's Return on Equity (20.5%) is considered high.
How is Moscow Exchange MICEX-RTS's financial position?
Financial Position Analysis
Short Term Liabilities: MOEX's short term assets (RUB5,658.6B) do not cover its short term liabilities (RUB5,783.1B).
Long Term Liabilities: MOEX's short term assets (RUB5,658.6B) exceed its long term liabilities (RUB4.2B).
Debt to Equity History and Analysis
Debt Level: MOEX is debt free.
Reducing Debt: MOEX had no debt 5 years ago.
Debt Coverage: MOEX has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MOEX has no debt, therefore coverage of interest payments is not a concern.
What is Moscow Exchange MICEX-RTS current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MOEX's dividend (5.27%) is higher than the bottom 25% of dividend payers in the Russian market (2.97%).
High Dividend: MOEX's dividend (5.27%) is low compared to the top 25% of dividend payers in the Russian market (7.97%).
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 8 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (81.2%), MOEX's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MOEX's dividends in 3 years are not forecast to be well covered by earnings (101.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Yury Denisov (51 yo)
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" from May 2019. He served...
Experienced Management: MOEX's management team is considered experienced (4.1 years average tenure).
Experienced Board: MOEX's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Public Joint-Stock Company Moscow Exchange MICEX-RTS's 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: ₽403.303b
- Shares outstanding: 2.26b
- Website: https://www.moex.com
Number of Employees
- Public Joint-Stock Company Moscow Exchange MICEX-RTS
- 13 Bolshoy Kislovsky per.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/23 21:39|
|End of Day Share Price||2021/09/23 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.