MISX:AMEZ

Stock Analysis Report

Ashinskiy metallurgical works

Executive Summary

Public Joint Stock Company 'Ashinskiy metallurgical works' operates as a metallurgical company in Russia.

Rewards

Trading at 86.8% below its fair value

Earnings grew by 36.1% over the past year

Risk Analysis

Has a high level of debt

Does not have a meaningful market cap (RUB3B)



Snowflake Analysis

Undervalued with excellent balance sheet.

Share Price & News

How has Ashinskiy metallurgical works's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AMEZ has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.9%

AMEZ

-0.7%

RU Metals and Mining

-1.9%

RU Market


1 Year Return

16.9%

AMEZ

12.6%

RU Metals and Mining

24.9%

RU Market

Return vs Industry: AMEZ exceeded the Russian Metals and Mining industry which returned 11.1% over the past year.

Return vs Market: AMEZ underperformed the Russian Market which returned 28.5% over the past year.


Shareholder returns

AMEZIndustryMarket
7 Day-1.9%-0.7%-1.9%
30 Day4.5%8.0%3.2%
90 Day8.8%15.9%9.0%
1 Year16.9%16.9%22.6%12.6%33.7%24.9%
3 Year-8.9%-8.9%49.5%16.3%58.1%33.0%
5 Year-4.4%-4.4%239.5%141.0%161.1%103.3%

Price Volatility Vs. Market

How volatile is Ashinskiy metallurgical works's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Ashinskiy metallurgical works undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AMEZ (RUB5.15) is trading below our estimate of fair value (RUB39.01)

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


Price To Earnings Ratio

PE vs Industry: AMEZ is good value based on its PE Ratio (2.4x) compared to the Metals and Mining industry average (6.4x).

PE vs Market: AMEZ is good value based on its PE Ratio (2.4x) compared to the Russian market (8.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: AMEZ is good value based on its PB Ratio (0.3x) compared to the RU Metals and Mining industry average (0.5x).


Next Steps

Future Growth

How is Ashinskiy metallurgical works forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.5%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ashinskiy metallurgical works has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Ashinskiy metallurgical works performed over the past 5 years?

67.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AMEZ has high quality earnings.

Growing Profit Margin: AMEZ's current net profit margins (4%) are higher than last year (3.2%).


Past Earnings Growth Analysis

Earnings Trend: AMEZ has become profitable over the past 5 years, growing earnings by 67.3% per year.

Accelerating Growth: AMEZ's earnings growth over the past year (36.1%) is below its 5-year average (67.3% per year).

Earnings vs Industry: AMEZ earnings growth over the past year (36.1%) exceeded the Metals and Mining industry 19%.


Return on Equity

High ROE: AMEZ's Return on Equity (13.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Ashinskiy metallurgical works's financial position?


Financial Position Analysis

Short Term Liabilities: AMEZ's short term assets (RUB8.0B) exceed its short term liabilities (RUB4.5B).

Long Term Liabilities: AMEZ's short term assets (RUB8.0B) exceed its long term liabilities (RUB5.0B).


Debt to Equity History and Analysis

Debt Level: AMEZ's debt to equity ratio (76%) is considered high.

Reducing Debt: AMEZ's debt to equity ratio has reduced from 116.6% to 76% over the past 5 years.

Debt Coverage: AMEZ's debt is well covered by operating cash flow (44%).

Interest Coverage: AMEZ's interest payments on its debt are well covered by EBIT (6.1x coverage).


Balance Sheet

Inventory Level: AMEZ has a high level of physical assets or inventory.

Debt Coverage by Assets: AMEZ's debt is covered by short term assets (assets are 1.4x debt).


Next Steps

Dividend

What is Ashinskiy metallurgical works's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%3.3%markettop25%8.0%industryaverage7.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate AMEZ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate AMEZ's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AMEZ's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AMEZ's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AMEZ's dividend in 3 years as they are not forecast to pay a notable one for the Russian market.


Next Steps

Management

What is the CEO of Ashinskiy metallurgical works's salary, the management and board of directors tenure and is there insider trading?

15.0yrs

Average management tenure


CEO

Vladimir Myzgin 0

7.1yrs

Tenure

0

Mr. Vladimir Yuryevich Myzgin serves as the General Director of Public Joint Stock Company Ashinskiy metallurgical works and has been its Director since December 12, 2012. 


Management Age and Tenure

15.0yrs

Average Tenure

Experienced Management: AMEZ's management team is seasoned and experienced (15 years average tenure).


Board Age and Tenure

7.1yrs

Average Tenure

Experienced Board: AMEZ's board of directors are considered experienced (7.1 years average tenure).


Insider Trading

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.


Management Team

  • Andrey Nishchikh

    Head of the Legal Department

    • Tenure: 26yrs
  • Alexander Danilov

    Head of Foreign Economic Relations

    • Konstantin Chvanov

      Head of Logistics & Director

      • Tenure: 10yrs
    • Valeriy Karaulovsky

      Chief Financial Officer

      • Tenure: 19yrs
    • Alexander Rubtsov

      Head of Corporate Policy

      • Vladimir Myzgin

        General Director & Director

        • Tenure: 7.1yrs
      • Oleg Shepelev

        Deputy Chairman of the Board of Director

        • Zinnur Shakirov

          Technical Director

          • Tenure: 10yrs
        • Olga Potapova

          Director of Personnel & Social Affairs

          • Tenure: 15yrs
        • Margarita Nechiporuk

          Head of Marketing


          Board Members

          • Vladimir Yevstratov

            Chairman

            • Tenure: 7.1yrs
          • Yuri Kuritsyn

            Director

            • Konstantin Chvanov

              Head of Logistics & Director

              • Tenure: 10yrs
            • Vladimir Myzgin

              General Director & Director

              • Tenure: 7.1yrs
            • Oleg Shepelev

              Deputy Chairman of the Board of Director

              • Leonid Nazarov

                Director & Commercial Director

                • Aleksandr Reshetnikov

                  Deputy General Director of Plant Development & Director

                  • Yuliya Ivanova (40yo)

                    Member of the Board of Directors

                    Company Information

                    Public Joint Stock Company "Ashinskiy metallurgical works"'s company bio, employee growth, exchange listings and data sources


                    Key Information

                    • Name: Public Joint Stock Company "Ashinskiy metallurgical works"
                    • Ticker: AMEZ
                    • Exchange: MISX
                    • Founded: 1898
                    • Industry: Steel
                    • Sector: Materials
                    • Market Cap: ₽2.497b
                    • Shares outstanding: 498.45m
                    • Website: https://www.amet.ru

                    Location

                    • Public Joint Stock Company "Ashinskiy metallurgical works"
                    • Mira, d. 9
                    • Asha, ul.
                    • Chelyabinsk
                    • Chelyabinskaya obl.
                    • 456010
                    • Russia

                    Listings

                    TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
                    AMEZMISX (Micex - Rts)YesUsual SharesRURUBOct 2006

                    Biography

                    Public Joint Stock Company 'Ashinskiy metallurgical works' operates as a metallurgical company in Russia. The company manufactures and sells amorphous and nanocrystalline alloys; flat carbon and stainless sheets; finest electrotechnical tape; and stainless steel durable goods under the AMET brand. It serves defense, oil and gas, chemical, nuclear, aviation, and space industries. The company was founded in 1898 and is based in Chelyabinsk, Russia. 


                    Company Analysis and Financial Data Status

                    All financial data provided by Standard & Poor's Capital IQ.
                    DataLast Updated (UTC time)
                    Company Analysis2020/01/26 21:37
                    End of Day Share Price2020/01/24 00:00
                    Earnings2019/06/30
                    Annual Earnings2018/12/31


                    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.