MISX:KOGK

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Korshynov Mining Plant

Executive Summary

Korshynov Mining Plant Public Joint Stock Company produces and dresses iron ore.

Rewards

Trading at 88.6% below its fair value

Earnings grew by 154.4% over the past year

Risk Analysis

No risks detected for KOGK from our risk checks.


Snowflake Analysis

Flawless balance sheet and undervalued.

Share Price & News

How has Korshynov Mining Plant's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

2.2%

KOGK

1.0%

RU Metals and Mining

2.0%

RU Market


1 Year Return

-12.4%

KOGK

30.8%

RU Metals and Mining

2.1%

RU Market

Return vs Industry: KOGK underperformed the Russian Metals and Mining industry which returned 30.8% over the past year.

Return vs Market: KOGK underperformed the Russian Market which returned 2.1% over the past year.


Shareholder returns

KOGKIndustryMarket
7 Day2.2%1.0%2.0%
30 Day1.3%0.6%5.4%
90 Day-7.1%8.5%-11.5%
1 Year-12.4%-12.4%41.1%30.8%9.0%2.1%
3 Year-44.9%-44.9%86.2%45.2%55.7%30.8%
5 Year-0.4%-0.4%271.7%171.0%117.8%70.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Korshynov Mining Plant 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: KOGK (RUB46800) is trading below our estimate of fair value (RUB408896.51)

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


Price To Earnings Ratio

PE vs Industry: KOGK is good value based on its PE Ratio (2x) compared to the Metals and Mining industry average (7.1x).

PE vs Market: KOGK is good value based on its PE Ratio (2x) compared to the Russian market (8.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: KOGK is good value based on its PB Ratio (0.3x) compared to the RU Metals and Mining industry average (0.7x).


Next Steps

Future Growth

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

13.9%

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 Korshynov Mining Plant 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 Korshynov Mining Plant performed over the past 5 years?

22.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KOGK has high quality earnings.

Growing Profit Margin: KOGK's current net profit margins (37.6%) are higher than last year (23.3%).


Past Earnings Growth Analysis

Earnings Trend: KOGK's earnings have grown significantly by 22.2% per year over the past 5 years.

Accelerating Growth: KOGK's earnings growth over the past year (154.4%) exceeds its 5-year average (22.2% per year).

Earnings vs Industry: KOGK earnings growth over the past year (154.4%) exceeded the Metals and Mining industry 29%.


Return on Equity

High ROE: KOGK's Return on Equity (14.1%) is considered low.


Next Steps

Financial Health

How is Korshynov Mining Plant's financial position?


Financial Position Analysis

Short Term Liabilities: KOGK's short term assets (RUB20.5B) exceed its short term liabilities (RUB2.7B).

Long Term Liabilities: KOGK's short term assets (RUB20.5B) exceed its long term liabilities (RUB277.6M).


Debt to Equity History and Analysis

Debt Level: KOGK is debt free.

Reducing Debt: KOGK has no debt compared to 5 years ago when its debt to equity ratio was 0.1%.

Debt Coverage: KOGK has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: KOGK has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Korshynov Mining Plant's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: KOGK is not paying a notable dividend for the Russian market.


Future Payout to Shareholders

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


Next Steps

Management

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

8.4yrs

Average management tenure


CEO

Korshynov Mining Plant has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Mikhail Mazhukin
Managing Director2.58yrsno datano data
Marya Melnik
Finance Director10.17yrsno datano data
Yevgenia Serova
Chief Legal Officer and Member of Management Board8.83yrsno datano data
Vladimir Tytsky
Member of The Management Board4.42yrsno datano data
Tatiana Ivanova
Chief Accountant7.92yrsno datano data
S. Chernykh
Director for Human Resources10.25yrsno datano data
Ksenia Nikolaeva
Head of Business Support Services Corporate Securityno datano datano data
N. Lobanova
Head of Financial Department and Member of the Audit Commission5.92yrsno datano data
A. Khrostovskiy
Chief Engineer10.08yrsno datano data
Alexey Misyutkin
Chief Engineer in Rail Road Transportation Departmentno datano datano data

8.4yrs

Average Tenure

Experienced Management: KOGK's management team is seasoned and experienced (8.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
N. Lobanova
Head of Financial Department and Member of the Audit Commission5.92yrsno datano data
Svetlana Ankudinova
Head of Controlling & Auditing Services and Member of the Audit Commissionno datano datano data
Natalya Isakova
First Deputy Chief Accountant and Member of Audit Commissionno datano datano data
Boris Sedelnikov
Chairman of the Board8yrsno datano data
Vladimir Dronov
Directorno datano datano data
Dmitry Nastenko
Director5.92yrsno datano data
Pavel Shtark
Member of the Board of Director5.92yrsno datano data
Silaeva Alexandrovna
Member of the Board of Director5yrsno datano data

5.9yrs

Average Tenure

60yo

Average Age

Experienced Board: KOGK's board of directors are considered experienced (5.9 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

Korshynov Mining Plant Public Joint Stock Company's company bio, employee growth, exchange listings and data sources


Key Information


Location

  • Korshynov Mining Plant Public Joint Stock Company
  • Ivashchenko Street, 9A/1
  • Zheleznogorsk-Ilimsky
  • Zheleznogorsk
  • Kurskaya obl.
  • 665651
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KOGKMISX (Micex - Rts)YesOrdinary SharesRURUBJan 2007

Biography

Korshynov Mining Plant Public Joint Stock Company produces and dresses iron ore. Its mining assets include two quarries — the Korshunov and the Rudnogorsk quarries. It serves steelmakers in Russia, China, and internationally. The company is based in Zheleznogorsk, Russia. Korshynov Mining Plant Public Joint Stock Company operates as a subsidiary of Mechel Mining OAO. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/27 03:37
End of Day Share Price2020/05/26 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.