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Chelyabinsk Pipe-Rolling Plant

MISX:CHEP
Snowflake Description

Solid track record with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CHEP
MISX
RUB45B
Market Cap
  1. Home
  2. RU
  3. Materials
Company description

Public Joint Stock Company Chelyabinsk Pipe-Rolling Plant produces and sells welded and seamless steel pipe products in Russia. The last earnings update was 53 days ago. More info.


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CHEP Share Price and Events
7 Day Returns
1%
MISX:CHEP
0.8%
RU Metals and Mining
-0.1%
RU Market
1 Year Returns
-41.8%
MISX:CHEP
-1.6%
RU Metals and Mining
7.9%
RU Market
CHEP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Chelyabinsk Pipe-Rolling Plant (CHEP) 1% 0% 5.9% -41.8% 227.4% 592.7%
RU Metals and Mining 0.8% 0.3% -3.5% -1.6% 37.9% 211.1%
RU Market -0.1% 2.5% 3.3% 7.9% 29.6% 100.8%
1 Year Return vs Industry and Market
  • CHEP underperformed the Metals and Mining industry which returned -1.6% over the past year.
  • CHEP underperformed the Market in Russian Federation which returned 7.9% over the past year.
Price Volatility
CHEP
Industry
5yr Volatility vs Market

CHEP Value

 Is Chelyabinsk Pipe-Rolling Plant undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Chelyabinsk Pipe-Rolling Plant to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Chelyabinsk Pipe-Rolling Plant.

MISX:CHEP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 27.3%
Perpetual Growth Rate 10-Year RU Government Bond Rate 8.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for MISX:CHEP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year RU Govt Bond Rate 8.4%
Equity Risk Premium S&P Global 9.4%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.13
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.133 (1 + (1- 20%) (200.21%))
2.304
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.44% + (2 * 9.43%)
27.3%

Discounted Cash Flow Calculation for MISX:CHEP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Chelyabinsk Pipe-Rolling Plant is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

MISX:CHEP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (RUB, Millions) Source Present Value
Discounted (@ 27.3%)
2019 9,196.00 Est @ 2.53% 7,223.88
2020 9,591.46 Est @ 4.3% 5,918.72
2021 10,123.04 Est @ 5.54% 4,907.11
2022 10,772.08 Est @ 6.41% 4,101.91
2023 11,528.29 Est @ 7.02% 3,448.44
2024 12,386.70 Est @ 7.45% 2,910.62
2025 13,345.95 Est @ 7.74% 2,463.49
2026 14,407.35 Est @ 7.95% 2,089.09
2027 15,574.22 Est @ 8.1% 1,773.99
2028 16,851.51 Est @ 8.2% 1,507.84
Present value of next 10 years cash flows RUB36,345.08
MISX:CHEP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= RUB16,851.51 × (1 + 8.44%) ÷ (27.3% – 8.44%)
RUB96,891.74
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= RUB96,891.74 ÷ (1 + 27.3%)10
RUB8,669.67
MISX:CHEP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= RUB36,345.08 + RUB8,669.67
RUB45,014.75
Equity Value per Share
(RUB)
= Total value / Shares Outstanding
= RUB45,014.75 / 305.72
RUB147.24
MISX:CHEP Discount to Share Price
Calculation Result
Value per share (RUB) From above. RUB147.24
Current discount Discount to share price of RUB147.00
= -1 x (RUB147.00 - RUB147.24) / RUB147.24
0.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Chelyabinsk Pipe-Rolling Plant is available for.
Intrinsic value
0%
Share price is RUB147 vs Future cash flow value of RUB147.24
Current Discount Checks
For Chelyabinsk Pipe-Rolling Plant to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Chelyabinsk Pipe-Rolling Plant's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Chelyabinsk Pipe-Rolling Plant's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Chelyabinsk Pipe-Rolling Plant's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Chelyabinsk Pipe-Rolling Plant's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MISX:CHEP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in RUB RUB25.77
MISX:CHEP Share Price ** MISX (2019-04-22) in RUB RUB147
Russian Federation Metals and Mining Industry PE Ratio Median Figure of 19 Publicly-Listed Metals and Mining Companies 4.54x
Russian Federation Market PE Ratio Median Figure of 129 Publicly-Listed Companies 7.37x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Chelyabinsk Pipe-Rolling Plant.

MISX:CHEP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= MISX:CHEP Share Price ÷ EPS (both in RUB)

= 147 ÷ 25.77

5.7x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Chelyabinsk Pipe-Rolling Plant is overvalued based on earnings compared to the RU Metals and Mining industry average.
  • Chelyabinsk Pipe-Rolling Plant is good value based on earnings compared to the Russian Federation market.
Price based on expected Growth
Does Chelyabinsk Pipe-Rolling Plant's expected growth come at a high price?
Raw Data
MISX:CHEP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-50.1%per year
Europe Metals and Mining Industry PEG Ratio Median Figure of 62 Publicly-Listed Metals and Mining Companies 0.64x
Russian Federation Market PEG Ratio Median Figure of 33 Publicly-Listed Companies 0.5x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Chelyabinsk Pipe-Rolling Plant, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Chelyabinsk Pipe-Rolling Plant's assets?
Raw Data
MISX:CHEP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in RUB RUB11.85
MISX:CHEP Share Price * MISX (2019-04-22) in RUB RUB147
Russian Federation Metals and Mining Industry PB Ratio Median Figure of 20 Publicly-Listed Metals and Mining Companies 0.41x
Russian Federation Market PB Ratio Median Figure of 149 Publicly-Listed Companies 0.82x
MISX:CHEP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= MISX:CHEP Share Price ÷ Book Value per Share (both in RUB)

= 147 ÷ 11.85

12.4x

* Primary Listing of Chelyabinsk Pipe-Rolling Plant.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Chelyabinsk Pipe-Rolling Plant is overvalued based on assets compared to the RU Metals and Mining industry average.
X
Value checks
We assess Chelyabinsk Pipe-Rolling Plant's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Chelyabinsk Pipe-Rolling Plant has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CHEP Future Performance

 How is Chelyabinsk Pipe-Rolling Plant expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Chelyabinsk Pipe-Rolling Plant, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-50.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Chelyabinsk Pipe-Rolling Plant expected to grow at an attractive rate?
  • Chelyabinsk Pipe-Rolling Plant's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 8.4%.
Growth vs Market Checks
  • Chelyabinsk Pipe-Rolling Plant's earnings are expected to decrease over the next 1-3 years, this is below the Russian Federation market average.
  • Unable to compare Chelyabinsk Pipe-Rolling Plant's revenue growth to the Russian Federation market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
MISX:CHEP Future Growth Rates Data Sources
Data Point Source Value (per year)
MISX:CHEP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -50.1%
Russian Federation Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average -1.8%
Europe Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 0.9%
Russian Federation Market Earnings Growth Rate Market Cap Weighted Average 3.6%
Russian Federation Market Revenue Growth Rate Market Cap Weighted Average 4.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
MISX:CHEP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in RUB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MISX:CHEP Past Financials Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income *
2018-12-31 178,840 14,830 7,821
2018-09-30 179,736 14,466 7,738
2018-06-30 180,632 14,101 7,654
2018-03-31 169,445 15,993 5,989
2017-12-31 158,257 17,885 4,323
2017-09-30 148,828 14,434 3,718
2017-06-30 139,398 10,982 3,113
2017-03-31 137,427 12,196 5,001
2016-12-31 135,456 13,410 6,889
2016-09-30 138,245 11,380 7,420
2016-06-30 141,033 9,349 7,952
2016-03-31 144,700 10,687 6,996

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Chelyabinsk Pipe-Rolling Plant's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Chelyabinsk Pipe-Rolling Plant is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
MISX:CHEP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Chelyabinsk Pipe-Rolling Plant Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:CHEP Past Financials Data
Date (Data in RUB Millions) EPS *
2018-12-31 25.77
2018-09-30 25.43
2018-06-30 25.10
2018-03-31 19.48
2017-12-31 13.96
2017-09-30 11.93
2017-06-30 9.94
2017-03-31 15.92
2016-12-31 21.86
2016-09-30 23.57
2016-06-30 25.29
2016-03-31 22.36

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Chelyabinsk Pipe-Rolling Plant will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Chelyabinsk Pipe-Rolling Plant's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Russian Federation market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Chelyabinsk Pipe-Rolling Plant has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CHEP Past Performance

  How has Chelyabinsk Pipe-Rolling Plant performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Chelyabinsk Pipe-Rolling Plant's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Chelyabinsk Pipe-Rolling Plant has delivered over 20% year on year earnings growth in the past 5 years.
  • Chelyabinsk Pipe-Rolling Plant's 1-year earnings growth exceeds its 5-year average (80.9% vs 40.2%)
  • Chelyabinsk Pipe-Rolling Plant's earnings growth has exceeded the RU Metals and Mining industry average in the past year (80.9% vs -2.7%).
Earnings and Revenue History
Chelyabinsk Pipe-Rolling Plant's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Chelyabinsk Pipe-Rolling Plant Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:CHEP Past Revenue, Cash Flow and Net Income Data
Date (Data in RUB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 178,840.00 7,821.00 22,557.00
2018-09-30 179,736.00 7,737.50 21,907.50
2018-06-30 180,632.00 7,654.00 21,258.00
2018-03-31 169,444.50 5,988.50 20,886.00
2017-12-31 158,257.00 4,323.00 20,514.00
2017-09-30 148,827.50 3,718.00 20,319.50
2017-06-30 139,398.00 3,113.00 20,125.00
2017-03-31 137,427.00 5,001.00 19,634.00
2016-12-31 135,456.00 6,889.00 19,143.00
2016-09-30 138,244.61 7,420.35 18,658.28
2016-06-30 141,033.21 7,951.71 18,173.57
2016-03-31 144,700.11 6,996.35 18,965.78
2015-12-31 148,367.00 6,041.00 19,758.00
2015-09-30 175,280.36 648.94 34,129.29
2015-06-30 150,116.53 2,768.85 21,147.91
2015-03-31 139,119.69 766.96 20,157.24
2014-12-31 128,122.84 -1,234.93 19,166.57
2014-09-30 115,331.65 2,277.83 14,840.37
2014-06-30 110,964.83 -1,364.38 16,442.73
2014-03-31 111,696.25 -1,600.71 15,629.50
2013-12-31 112,427.68 -1,837.03 14,816.26
2013-09-30 92,938.00 -556.75 3,894.19
2013-06-30 117,101.14 366.51 14,348.01
2013-03-31 116,991.81 760.21 14,435.87
2012-12-31 116,882.47 1,153.92 14,523.74
2012-06-30 106,069.72 -3,161.21 13,566.83

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Chelyabinsk Pipe-Rolling Plant made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Chelyabinsk Pipe-Rolling Plant used its assets more efficiently than the RU Metals and Mining industry average last year based on Return on Assets.
  • Chelyabinsk Pipe-Rolling Plant has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Chelyabinsk Pipe-Rolling Plant's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Chelyabinsk Pipe-Rolling Plant has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CHEP Health

 How is Chelyabinsk Pipe-Rolling Plant's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Chelyabinsk Pipe-Rolling Plant's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Chelyabinsk Pipe-Rolling Plant is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Chelyabinsk Pipe-Rolling Plant's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Chelyabinsk Pipe-Rolling Plant's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Chelyabinsk Pipe-Rolling Plant Company Filings, last reported 3 months ago.

MISX:CHEP Past Debt and Equity Data
Date (Data in RUB Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,811.00 89,975.00 21,554.00
2018-09-30 3,811.00 89,975.00 21,554.00
2018-06-30 6,702.00 86,404.00 13,288.00
2018-03-31 6,702.00 86,404.00 13,288.00
2017-12-31 4,946.00 86,356.00 19,094.00
2017-09-30 4,946.00 86,356.00 19,094.00
2017-06-30 12,082.00 93,339.00 16,977.00
2017-03-31 12,082.00 93,339.00 16,977.00
2016-12-31 13,338.00 91,056.00 14,811.00
2016-09-30 13,338.00 91,056.00 14,811.00
2016-06-30 13,835.74 88,080.18 8,259.71
2016-03-31 13,835.74 88,080.18 8,259.71
2015-12-31 8,295.00 94,104.00 8,035.00
2015-09-30 8,295.00 94,104.00 8,035.00
2015-06-30 2,860.31 94,120.76 9,416.77
2015-03-31 2,860.31 94,120.76 9,416.77
2014-12-31 -2,543.14 99,428.96 5,465.38
2014-09-30
2014-06-30 -10,607.14 97,821.66 2,165.77
2014-03-31 -10,607.14 97,821.66 2,165.77
2013-12-31 -10,818.50 100,469.69 3,024.98
2013-09-30 -9,282.72 103,107.35 3,155.38
2013-06-30 -9,282.72 103,107.35 3,155.38
2013-03-31 -9,282.72 103,107.35 3,155.38
2012-12-31 -8,822.57 102,983.07 5,585.97
2012-06-30
  • Chelyabinsk Pipe-Rolling Plant's level of debt (2360.9%) compared to net worth is high (greater than 40%).
  • Chelyabinsk Pipe-Rolling Plant had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is not well covered by operating cash flow (16.5%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Chelyabinsk Pipe-Rolling Plant's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Chelyabinsk Pipe-Rolling Plant has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CHEP Dividends

 What is Chelyabinsk Pipe-Rolling Plant's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.86%
Current annual income from Chelyabinsk Pipe-Rolling Plant dividends.
If you bought RUB2,000 of Chelyabinsk Pipe-Rolling Plant shares you are expected to receive RUB157 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Chelyabinsk Pipe-Rolling Plant's pays a higher dividend yield than the bottom 25% of dividend payers in Russian Federation (3.26%).
  • Chelyabinsk Pipe-Rolling Plant's dividend is below the markets top 25% of dividend payers in Russian Federation (9.04%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
MISX:CHEP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 65 Stocks 5.7%
Russian Federation Market Average Dividend Yield Market Cap Weighted Average of 75 Stocks 6.8%
Russian Federation Minimum Threshold Dividend Yield 10th Percentile 1.6%
Russian Federation Bottom 25% Dividend Yield 25th Percentile 3.3%
Russian Federation Top 25% Dividend Yield 75th Percentile 9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

MISX:CHEP Past Annualized Dividends Data
Date (Data in RUB) Dividend per share (annual) Avg. Yield (%)
2018-04-28 11.560 9.160
2017-03-28 10.050 7.879

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Chelyabinsk Pipe-Rolling Plant has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Chelyabinsk Pipe-Rolling Plant only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Chelyabinsk Pipe-Rolling Plant's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Chelyabinsk Pipe-Rolling Plant's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Chelyabinsk Pipe-Rolling Plant afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Chelyabinsk Pipe-Rolling Plant has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CHEP Management

 What is the CEO of Chelyabinsk Pipe-Rolling Plant's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Boris Kovalenkov
AGE 45
CEO Bio

Mr. Boris Kovalenkov is the Chief Executive Officer of Public Joint Stock Company Chelyabinsk Pipe - Rolling Plant and has been Director since May 2018. Mr. Kovalenkov has been Chairman of the Board at ZAO Rimera since December 2018 and served as its General Director since October 5, 2016. Mr. Kovalenkov joined ChelPipe Group in 2008 as Managing Director of META-Invest. He served as Deputy Business Director of Public Joint Stock Company Chelyabinsk Pipe - Rolling Plant since 2010 and served as its Member of the Management Board since 2011. He served as Member of the Board of Directors of Limited Liability Company META since 2009. He served as Member of the Board of Directors of Limited Liability Company Meta Invest since 2011. Mr. Kovalenkov graduated from Moscow Institute of Steel and Alloys, specialty - Ferrous Metal Metallurgy. He also completed training under Strategic Management Executive MBA program at the Institute of Business and Business Administration associated with the Russian Presidential Academy of National Economy and Public Administration.

CEO Compensation
  • Insufficient data for Boris to compare compensation growth.
  • Insufficient data for Boris to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the Chelyabinsk Pipe-Rolling Plant management team in years:

4.8
Average Tenure
48.5
Average Age
  • The tenure for the Chelyabinsk Pipe-Rolling Plant management team is about average.
Management Team

Boris Kovalenkov

TITLE
CEO & Director
AGE
45

Valeriy Borisov

TITLE
Deputy General Director of Finances & Economics and Member of the Management Board
TENURE
4.3 yrs

Denis Prikhodko

TITLE
Director of Supply Chain Management and Member of the Management Board
TENURE
6.3 yrs

Svetlena Kuzminykh

TITLE
HR Director and Member of the Management Board
TENURE
5.3 yrs

Aleksandr Isaykin

TITLE
Member of the Management Board
AGE
59
TENURE
5.3 yrs

Alina Gutkina

TITLE
Deputy General Director of Organization Development and Member of the Management Board
AGE
52
TENURE
3.8 yrs

Mikhail Ivanov

TITLE
Deputy General Director
TENURE
3.8 yrs

Anna Levitanskaya

TITLE
Director of Strategic Communications and Member of the Management Board
TENURE
3.8 yrs

S. Knysheva

TITLE
Chief Accountant

Sergei Yankovsky

TITLE
Deputy CEO of Legal & Corporate Affairs and Director
AGE
40
TENURE
9.3 yrs
Board of Directors Tenure

Average tenure and age of the Chelyabinsk Pipe-Rolling Plant board of directors in years:

2.8
Average Tenure
51
Average Age
  • The average tenure for the Chelyabinsk Pipe-Rolling Plant board of directors is less than 3 years, this suggests a new board.
Board of Directors

Andrey Komarov

TITLE
Chairman
AGE
52

Boris Kovalenkov

TITLE
CEO & Director
AGE
45
TENURE
0.9 yrs

Sergei Yankovsky

TITLE
Deputy CEO of Legal & Corporate Affairs and Director
AGE
40
TENURE
2.8 yrs

Dina Mikryukova

TITLE
Economic Control & Strategy Director and Director
AGE
39
TENURE
2.8 yrs

Alexander Fyudorov

TITLE
Director
AGE
66

Oleg Kustikov

TITLE
Director
AGE
51
TENURE
2.8 yrs

Oleg Seleznev

TITLE
Independent Director
AGE
55
TENURE
7.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (RUB) Value (RUB)
X
Management checks
We assess Chelyabinsk Pipe-Rolling Plant's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Chelyabinsk Pipe-Rolling Plant has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CHEP News

Simply Wall St News

Is It Time To Sell Public Joint Stock Company Chelyabinsk Pipe - Rolling Plant (MCX:CHEP) Based Off Its PE Ratio?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to better understand how you can grow your money by investing in Public Joint Stock Company Chelyabinsk Pipe - Rolling Plant (MCX:CHEP). … Public Joint Stock Company Chelyabinsk Pipe - Rolling Plant (MCX:CHEP) trades with a trailing P/E of 10x, which is higher than the industry average of 6.6x.

Simply Wall St -

Who Owns Most Of Public Joint Stock Company Chelyabinsk Pipe - Rolling Plant (MCX:CHEP)?

In this analysis, my focus will be on developing a perspective on Public Joint Stock Company Chelyabinsk Pipe - Rolling Plant’s (MISX:CHEP) latest ownership structure, a less discussed, but important factor. … Private Company Ownership Another important group of owners for potential investors in CHEP are private companies that hold a stake of 81.10% in CHEP. … Thus, investors should dig deeper into CHEP's business relations with these companies and how it can affect shareholder returns in the long-term.Next Steps: With a low level of institutional ownership, investors in CHEP need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

Simply Wall St -

Does Public Joint Stock Company Chelyabinsk Pipe - Rolling Plant's (MCX:CHEP) -37.25% Earnings Drop Reflect A Longer Term Trend?

See our latest analysis for Chelyabinsk Pipe - Rolling Plant Was CHEP's recent earnings decline indicative of a tough track record? … For Chelyabinsk Pipe - Rolling Plant, its latest trailing-twelve-month earnings is RUРУБ4.32B, which, in comparison to last year’s figure, has dropped by a non-trivial -37.25%. … Since these values are fairly nearsighted, I’ve created an annualized five-year value for Chelyabinsk Pipe - Rolling Plant's earnings, which stands at RUРУБ2.25B This shows that though earnings declined against the prior year, in the long run, Chelyabinsk Pipe - Rolling Plant's earnings have been rising on average.

Simply Wall St -

Should You Be Tempted To Sell Public Joint Stock Company Chelyabinsk Pipe - Rolling Plant (MCX:CHEP) At Its Current PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for CHEP Price per share = RUB250 Earnings per share = RUB13.955 ∴ Price-Earnings Ratio = RUB250 ÷ RUB13.955 = 17.9x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you inadvertently compared riskier firms with CHEP, then investors would naturally value CHEP at a higher price since it is a less risky investment. … Similarly, if you accidentally compared lower growth firms with CHEP, investors would also value CHEP at a higher price since it is a higher growth investment.

Simply Wall St -

How Public Joint Stock Company Chelyabinsk Pipe - Rolling Plant (MCX:CHEP) Delivered A Better ROE Than Its Industry

View our latest analysis for Chelyabinsk Pipe - Rolling Plant Breaking down ROE — the mother of all ratios Return on Equity (ROE) weighs Chelyabinsk Pipe - Rolling Plant’s profit against the level of its shareholders’ equity. … Chelyabinsk Pipe - Rolling Plant’s cost of equity is 19.94%. … This means Chelyabinsk Pipe - Rolling Plant’s above-average ROE is being driven by its significant debt levels and its ability to grow profit hinges on a significant debt burden.

Simply Wall St -

What does Public Joint Stock Company Chelyabinsk Pipe - Rolling Plant's (MCX:CHEP) Balance Sheet Tell Us About Its Future?

How does CHEP’s operating cash flow stack up against its debt? … Moreover, CHEP has generated cash from operations of RUРУБ17.89B in the last twelve months, resulting in an operating cash to total debt ratio of 20.71%, indicating that CHEP’s debt is appropriately covered by operating cash. … In CHEP's case, the ratio of 1.79x suggests that interest is not strongly covered, which means that lenders may refuse to lend the company more money, as it is seen as too risky in terms of default.Next Steps: CHEP’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

CHEP Company Info

Description

Public Joint Stock Company Chelyabinsk Pipe-Rolling Plant produces and sells welded and seamless steel pipe products in Russia. It operates through three segments: Steel Pipe Production, Oilfield Services, and Trunk Pipeline Systems. The Steel Pipe Production segment produces welded and seamless steel pipe products for the application in oil and gas industry, and various other industries, such as equipment manufacturing, construction, power-generation, chemicals and petrochemicals, automotive, aviation, and aerospace. Its products include electric weld longitudinal LDPs, OCTG and line pipes, and seamless industrial pipes. This segment produces steel pipe products in approximately 28,000 sizes and profiles from approximately 200 grades of carbon, alloy, and stainless steel, as well as covered with corrosion resistant and heat resistant coatings. The Oilfield Services segment manufactures, sells, and rents oil well extraction equipment, such as electric submersible pump (ESP) systems and other production stage equipment and services. It also provides installation, monitoring, and maintenance services for ESP systems and sucker-rod pumps, including the sale of spare parts; and offers geophysical investigation services, such as well survey and downhole logging, and perforation services. In addition, this segment manufactures well construction and transportation equipment comprising water injection pumps, cement complexes, mixing trucks, spinning wrenches, and circulating pumps. The Trunk Pipeline Systems segment provides customized components, such as hot-formed pipeline bends, pipeline hubs, nuclear valves, short-radius elbows, stamp-welded pipe joints, and anti-corrosion coatings, as well as cold formed bending services. It also exports its products. The company was founded in 1942 and is based in Chelyabinsk, Russia. Public Joint Stock Company Chelyabinsk Pipe-Rolling Plant is a subsidiary of Mountrise Limited.

Details
Name: Public Joint Stock Company "Chelyabinsk Pipe-Rolling Plant"
CHEP
Exchange: MISX
Founded: 1942
RUB44,940,361,956
305,716,748
Website: http://www.chelpipe.ru
Address: Public Joint Stock Company "Chelyabinsk Pipe-Rolling Plant"
21, Mashinostroiteley street,
Chelyabinsk,
Chelyabinskaya obl., 4454129,
Russia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
MISX CHEP Usual Shares Micex - Rts RU RUB 12. Jan 1996
Number of employees
Current staff
Staff numbers
0
Chelyabinsk Pipe-Rolling Plant employees.
Industry
Steel
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 21:32
End of day share price update: 2019/04/22 00:00
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.