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BELU

Beluga Group MISX:BELU Stock Report

Last Price

₽2.35k

Market Cap

₽29.8b

7D

2.9%

1Y

-13.2%

Updated

26 Jun, 2022

Data

Company Financials +
BELU fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance3/6
Financial Health5/6
Dividends3/6

BELU Stock Overview

Public joint-stock company Beluga Group, together with its subsidiaries, engages in the production, wholesale, and retail of distilled alcohol and food products in Russia and internationally.

Beluga Group Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Beluga Group
Historical stock prices
Current Share Price₽2,345.00
52 Week High₽4,296.00
52 Week Low₽1,665.00
Beta0.38
1 Month Change-1.64%
3 Month Change-4.91%
1 Year Change-13.18%
3 Year Change367.13%
5 Year Change290.83%
Change since IPO177.52%

Recent News & Updates

Shareholder Returns

BELURU BeverageRU Market
7D2.9%3.1%-0.2%
1Y-13.2%-11.1%-24.6%

Return vs Industry: BELU underperformed the Russian Beverage industry which returned -11.1% over the past year.

Return vs Market: BELU exceeded the Russian Market which returned -24.6% over the past year.

Price Volatility

Is BELU's price volatile compared to industry and market?
BELU volatility
BELU Average Weekly Movement5.3%
Beverage Industry Average Movement4.3%
Market Average Movement7.6%
10% most volatile stocks in RU Market13.3%
10% least volatile stocks in RU Market4.8%

Stable Share Price: BELU is less volatile than 75% of Russian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: BELU's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1998n/aAlexander Mechetinhttps://www.belugagroup.ru

Public joint-stock company Beluga Group, together with its subsidiaries, engages in the production, wholesale, and retail of distilled alcohol and food products in Russia and internationally. It operates through three segments: Alcohol, Retail, and Food Production. The company provides vodkas primarily under the Beluga, Myagkov, Belenkaya, Russian Ice, Tsar, White owl, and Arkhangelskaya brands; brandy primarily under the Bastion, Zolotoy Rezerv, Staraya Gvardia, and Kamenniy Lev brands; and wine primarily under the Golubitskoe Estate and Tet de Cheval brands, as well as bitter under the Doctor August, Beluga Hunting, and Captain’s brands.

Beluga Group Fundamentals Summary

How do Beluga Group's earnings and revenue compare to its market cap?
BELU fundamental statistics
Market Cap₽29.81b
Earnings (TTM)₽3.84b
Revenue (TTM)₽74.94b

7.8x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BELU income statement (TTM)
Revenue₽74.94b
Cost of Revenue₽48.09b
Gross Profit₽26.84b
Other Expenses₽23.00b
Earnings₽3.84b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)302.10
Gross Margin35.82%
Net Profit Margin5.12%
Debt/Equity Ratio62.9%

How did BELU perform over the long term?

See historical performance and comparison

Dividends

6.9%

Current Dividend Yield

40%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is BELU undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BELU?

Other financial metrics that can be useful for relative valuation.

BELU key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.6x
Enterprise Value/EBITDA5x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does BELU's PE Ratio compare to its peers?

BELU PE Ratio vs Peers
The above table shows the PE ratio for BELU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average8.4x

Price-To-Earnings vs Peers: BELU is good value based on its Price-To-Earnings Ratio (7.8x) compared to the peer average (8.4x).


Price to Earnings Ratio vs Industry

How does BELU's PE Ratio compare vs other companies in the Beverage Industry?

Price-To-Earnings vs Industry: BELU is good value based on its Price-To-Earnings Ratio (7.8x) compared to the European Beverage industry average (18.4x)


Price to Earnings Ratio vs Fair Ratio

What is BELU's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BELU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BELU's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of BELU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BELU (RUB2345) is trading below our estimate of fair value (RUB4482.83)

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


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BELU's PEG Ratio to determine if it is good value.


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Future Growth

How is Beluga Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


19.6%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if BELU's forecast earnings growth is above the savings rate (7.3%).

Earnings vs Market: Insufficient data to determine if BELU's earnings are forecast to grow faster than the Russian market

High Growth Earnings: Insufficient data to determine if BELU's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BELU's revenue (19.6% per year) is forecast to grow faster than the Russian market (2.7% per year).

High Growth Revenue: BELU's revenue (19.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BELU's Return on Equity is forecast to be high in 3 years time (25.5%)


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Past Performance

How has Beluga Group performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


48.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BELU has high quality earnings.

Growing Profit Margin: BELU's current net profit margins (5.1%) are higher than last year (4.4%).


Past Earnings Growth Analysis

Earnings Trend: BELU's earnings have grown significantly by 48.4% per year over the past 5 years.

Accelerating Growth: BELU's earnings growth over the past year (36.9%) is below its 5-year average (48.4% per year).

Earnings vs Industry: BELU earnings growth over the past year (36.9%) underperformed the Beverage industry 56.8%.


Return on Equity

High ROE: BELU's Return on Equity (14.9%) is considered low.


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Financial Health

How is Beluga Group's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BELU's short term assets (RUB44.4B) exceed its short term liabilities (RUB33.4B).

Long Term Liabilities: BELU's short term assets (RUB44.4B) exceed its long term liabilities (RUB19.0B).


Debt to Equity History and Analysis

Debt Level: BELU's net debt to equity ratio (25.7%) is considered satisfactory.

Reducing Debt: BELU's debt to equity ratio has increased from 46.6% to 62.9% over the past 5 years.

Debt Coverage: BELU's debt is well covered by operating cash flow (52.2%).

Interest Coverage: BELU's interest payments on its debt are well covered by EBIT (3.5x coverage).


Balance Sheet


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Dividend

What is Beluga Group current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


6.94%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BELU's dividend (6.94%) is higher than the bottom 25% of dividend payers in the Russian market (4.1%).

High Dividend: BELU's dividend (6.94%) is low compared to the top 25% of dividend payers in the Russian market (11.28%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, BELU has been paying a dividend for less than 10 years.

Growing Dividend: BELU's dividend payments have increased, but the company has only paid a dividend for 2 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (39.9%), BELU's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (33.1%), BELU's dividend payments are well covered by cash flows.


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Management

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

9.5yrs

Average board tenure


CEO

Alexander Mechetin (46 yo)

22.5yrs

Tenure

Mr. Alexander Anatolievich Mechetin founded Synergy, Co., which is now known as Beluga Group Public Joint-Stock Company. He has been Chief Executive Officer of Synergy, Co., which is now known as Beluga Gr...


Board Members

Experienced Board: BELU's board of directors are considered experienced (9.5 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

Public joint-stock company Beluga Group's employee growth, exchange listings and data sources


Key Information

  • Name: Public joint-stock company Beluga Group
  • Ticker: BELU
  • Exchange: MISX
  • Founded: 1998
  • Industry: Distillers and Vintners
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: ₽29.807b
  • Shares outstanding: 12.71m
  • Website: https://www.belugagroup.ru

Location

  • Public joint-stock company Beluga Group
  • Building 1
  • 4, Yakimanskaya
  • Moscow
  • 119180
  • Russia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 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.