MISX:HIMCP

Stock Analysis Report

Executive Summary

Khimprom Public Joint stock company engages in the manufacture and sale of various chemical products in Russia and internationally.


Snowflake Analysis

Fair value with acceptable track record.

Share Price & News

How has Khimprom's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-7.5%

HIMCP

-3.6%

RU Chemicals

-6.2%

RU Market


1 Year Return

-16.1%

HIMCP

11.5%

RU Chemicals

11.4%

RU Market

Return vs Industry: HIMCP underperformed the Russian Chemicals industry which returned 11.5% over the past year.

Return vs Market: HIMCP underperformed the Russian Market which returned 11.4% over the past year.


Shareholder returns

HIMCPIndustryMarket
7 Day-7.5%-3.6%-6.2%
30 Day-5.9%-3.1%-6.0%
90 Day-3.2%-0.4%-0.7%
1 Year-9.6%-16.1%22.3%11.5%18.8%11.4%
3 Year16.2%-8.3%36.1%15.9%60.5%35.3%
5 Year704.4%468.5%78.7%43.1%121.7%72.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Khimprom undervalued compared to its fair value and its price relative to the market?

4.06x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: HIMCP (RUB6.06) is trading above our estimate of fair value (RUB3.06)

Significantly Below Fair Value: HIMCP is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: HIMCP is good value based on its PE Ratio (4.3x) compared to the Chemicals industry average (5.2x).

PE vs Market: HIMCP is good value based on its PE Ratio (4.3x) compared to the Russian market (8.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: HIMCP is good value based on its PB Ratio (1.6x) compared to the RU Chemicals industry average (1.6x).


Next Steps

Future Growth

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

7.3%

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 Khimprom 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 Khimprom performed over the past 5 years?

70.7%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: HIMCP has high quality earnings.

Growing Profit Margin: HIMCP's current net profit margins (6.6%) are higher than last year (5.5%).


Past Earnings Growth Analysis

Earnings Trend: HIMCP has become profitable over the past 5 years, growing earnings by 0% per year.

Accelerating Growth: Insufficient data to compare HIMCP's past year earnings growth to its 5-year average.

Earnings vs Industry: HIMCP earnings growth over the past year (70.7%) underperformed the Chemicals industry 73.8%.


Return on Equity

High ROE: Whilst HIMCP's Return on Equity (33.12%) is high, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Khimprom's financial position?


Financial Position Analysis

Short Term Liabilities: HIMCP's short term assets (RUB4.0B) do not cover its short term liabilities (RUB4.9B).

Long Term Liabilities: HIMCP's short term assets (RUB4.0B) exceed its long term liabilities (RUB2.5B).


Debt to Equity History and Analysis

Debt Level: HIMCP's debt to equity ratio (166.4%) is considered high.

Reducing Debt: HIMCP's debt to equity ratio has increased from 149.2% to 166.4% over the past 5 years.

Debt Coverage: HIMCP's debt is well covered by operating cash flow (20.3%).

Interest Coverage: HIMCP's interest payments on its debt are well covered by EBIT (5.6x coverage).


Balance Sheet

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

Debt Coverage by Assets: HIMCP's debt is not covered by short term assets (assets are 0.7x debt).


Next Steps

Dividend

What is Khimprom's current dividend yield, its reliability and sustainability?

5.06%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HIMCP's dividend (4.82%) is higher than the bottom 25% of dividend payers in the Russian market (3.41%).

High Dividend: HIMCP's dividend (4.82%) is low compared to the top 25% of dividend payers in the Russian market (8.07%).


Stability and Growth of Payments

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

Growing Dividend: HIMCP has only been paying a dividend for 2 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.6%), HIMCP's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

12.1yrs

Average board tenure


CEO

Sergey Nauman 0

1.6yrs

Tenure

Sergey Nauman has been General Director of Khimprom Public joint stock company since July 1, 2018. 


Board Members

NamePositionTenureCompensationOwnership
Yuri Efimov
Technical Director & Director0yrsno datano data
Natalia Davydenko
Director12.1yrsno datano data
Dmitriy Mayorov
Director12.7yrsno datano data
Andrey Zaydenvarg
Director12.1yrsno datano data
Yaroslav Kuznetsov
Director12.1yrsno datano data
Yuriy Voloshin
Director12.1yrsno datano data
Aleksandr Shumskiy
Director12.1yrsno datano data
Sergey Mikhaylov
Director12.1yrsno datano data
Ivan Vorobyev
Chairman8.7yrsno datano data
Dmitriy Sizentsev
Deputy Chairman8.7yrsno datano data

12.1yrs

Average Tenure

Experienced Board: HIMCP's board of directors are seasoned and experienced ( 12.1 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

Khimprom Public Joint stock company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Khimprom Public Joint stock company
  • Ticker: HIMCP
  • Exchange: MISX
  • Founded: 1960
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: ₽682.005m
  • Shares outstanding: 688.89m
  • Website: https://www.himprom.com

Location

  • Khimprom Public Joint stock company
  • 101 Promyshlennaya Street
  • Novocheboksarsk
  • Chuvashiya
  • 429952
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HIMCPMISX (Micex - Rts)YesRUB1 PRF(RUB)RURUBOct 2003
HIMCMISX (Micex - Rts)Usual SharesRURUBJan 2007

Biography

Khimprom Public Joint stock company engages in the manufacture and sale of various chemical products in Russia and internationally. The company provides inorganic, organic, organochlorine, organophosphorus, organosilicon, rubber chemicals, surfactants, and reagents products for power system, oil-producing, and petrochemical industries, as well as chemicals for polymeric materials. It also offers hydrogen peroxide for textile, and pulp and paper industries. The company was founded in 1960 and is based in Novocheboksarsk, Russia. Khimprom Public Joint stock company is a subsidiary of OJSC Orgsyntez. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 23:22
End of Day Share Price2020/02/28 00:00
Earnings2018/12/31
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.