MISX:KZOS

Stock Analysis Report

Kazan Organichesky sintez

Executive Summary

Kazan Public Joint Stock Company Organichesky sintez, together with its subsidiaries, produces and sells chemical products in Russia.

Rewards

Revenue grew by 9.7% over the past year

Risk Analysis

High level of non-cash earnings

Unstable dividend track record

Latest financial reports are more than 6 months old



Snowflake Analysis

Flawless balance sheet with questionable track record.

Share Price & News

How has Kazan Organichesky sintez's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0.8%

KZOS

0.2%

RU Chemicals

-0.5%

RU Market


1 Year Return

11.8%

KZOS

15.3%

RU Chemicals

22.3%

RU Market

Return vs Industry: KZOS underperformed the Russian Chemicals industry which returned 15.4% over the past year.

Return vs Market: KZOS underperformed the Russian Market which returned 22.6% over the past year.


Shareholder returns

KZOSIndustryMarket
7 Day0.8%0.2%-0.5%
30 Day-10.1%-2.9%-4.1%
90 Day-1.5%3.7%5.1%
1 Year20.9%11.8%26.5%15.3%30.6%22.3%
3 Year176.2%125.4%38.7%18.1%66.3%40.1%
5 Year743.9%501.1%96.6%56.6%139.3%86.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Kazan Organichesky sintez undervalued compared to its fair value and its price relative to the market?

9.63x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: KZOS (RUB107.2) is trading above our estimate of fair value (RUB44.34)

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


Price To Earnings Ratio

PE vs Industry: KZOS is poor value based on its PE Ratio (9.5x) compared to the Chemicals industry average (5.5x).

PE vs Market: KZOS is poor value based on its PE Ratio (9.5x) compared to the Russian market (9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: KZOS is overvalued based on its PB Ratio (2.8x) compared to the RU Chemicals industry average (1.6x).


Next Steps

Future Growth

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

6.5%

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 Kazan Organichesky sintez 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 Kazan Organichesky sintez performed over the past 5 years?

33.4%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: KZOS has a high level of non-cash earnings.

Growing Profit Margin: KZOS's current net profit margins (25.3%) are higher than last year (20.8%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if KZOS's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: KZOS earnings growth over the past year (33.4%) underperformed the Chemicals industry 73.8%.


Return on Equity

High ROE: KZOS's Return on Equity (29.8%) is considered high.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Kazan Organichesky sintez's financial position?


Financial Position Analysis

Short Term Liabilities: KZOS's short term assets (RUB25.5B) exceed its short term liabilities (RUB6.8B).

Long Term Liabilities: KZOS's short term assets (RUB25.5B) exceed its long term liabilities (RUB2.0B).


Debt to Equity History and Analysis

Debt Level: KZOS is debt free.

Reducing Debt: KZOS has no debt compared to 5 years ago when its debt to equity ratio was 130.9%.

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

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


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if KZOS's debt is covered by short term assets.


Next Steps

Dividend

What is Kazan Organichesky sintez's current dividend yield, its reliability and sustainability?

3.93%

Current Dividend Yield


Dividend Yield vs Market

company3.9%marketbottom25%3.1%markettop25%7.4%industryaverage8.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: KZOS's dividend (3.97%) is higher than the bottom 25% of dividend payers in the Russian market (3.21%).

High Dividend: KZOS's dividend (3.97%) is low compared to the top 25% of dividend payers in the Russian market (7.63%).


Stability and Growth of Payments

Stable Dividend: KZOS has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: KZOS's dividend payments have increased, but the company has only paid a dividend for 8 years.


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: 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?

7.0yrs

Average management tenure


CEO

Farid Minigulov (53yo)

7.7yrs

Tenure

0

Mr. Farid Minigulov serves as the Chairman of Executive Board at Open Joint Stock Company Kazanorgsintez and has been its Member of Executive Board since June 27, 2013 and has been its General Director si ...


Leadership Team

NamePositionTenureCompensationOwnership
Farid Minigulov
Chairman of Executive Board7.7yrsno datano data
Fanis Kalimullin
Deputy General Director of Economy & Finance and Member of Executive Board7.1yrsno datano data
Larisa Kaleyeva
Chief Accountant & Member of Executive Board0yrsno data0.0017% RUB3.3m
Timur Sulteev
Deputy General Director for Commerce & Member of Executive Board2.3yrsno datano data
Rafael Safarov
Chief Engineer & Member of Executive Board0yrsno datano data
Rinat Zaripov
Deputy General Director of Production & Member of Executive Board7yrsno datano data
Rostislav Sarkisov
Deputy General Director for Economic Security & Regime and Member of Executive Board0yrsno datano data
Bulat Sabirov
Dy General Director for Corporate Governance0yrsno datano data
Aydar Akhmetshin
Deputy General Director of HR & General Affairs1.1yrsno datano data
Artur Alekhin
Head of Foreign Trade Department0yrsno datano data

7.0yrs

Average Tenure

53yo

Average Age

Experienced Management: KZOS's management team is seasoned and experienced (7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Farid Minigulov
Chairman of Executive Board7.7yrsno datano data
Rinat Sabirov
Director13.7yrsno datano data
Presnyakov Vasilievich
Director13.7yrsno datano data
Albert Karimov
Director2.8yrsno datano data
Ruslan Shigabutdinov
Chairman6.5yrsno datano data
Dmitry Teslenko
Director0yrsno datano data
Marat Garayev
Independent Director0yrsno datano data
Aleksandr Rappoport
Independent Director3.8yrsno datano data
Milic Zeljko
Independent Director3.8yrsno datano data
Farid Abdulganiev
Director1.7yrsno datano data

3.8yrs

Average Tenure

52.5yo

Average Age

Experienced Board: KZOS's board of directors are considered experienced (3.8 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

Kazan Public Joint Stock Company Organichesky sintez's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kazan Public Joint Stock Company Organichesky sintez
  • Ticker: KZOS
  • Exchange: MISX
  • Founded: 1958
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: ₽193.149b
  • Shares outstanding: 1.79b
  • Website: https://www.kazanorgsintez.ru

Location

  • Kazan Public Joint Stock Company Organichesky sintez
  • 101 Belomorskaya Street
  • Kazan
  • Tatarstan
  • 420051
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KZOSMISX (Micex - Rts)YesOrdinary SharesRURUBMar 2000
KZOSPMISX (Micex - Rts)RUB1 PRF(RUB)RURUBFeb 2012

Biography

Kazan Public Joint Stock Company Organichesky sintez, together with its subsidiaries, produces and sells chemical products in Russia. The company offers high and medium density, linear low density, and bimodal high density polyethylene; polyethylene pipes and fittings for gas and water supply; polyethylene compositions for the production of cord items shells, high-speed extrusion, rotary molding production, and cable compositions of polyethylene. It also provides phenol for producing caprolactam, diphenylpropane, medicines, synthetic resins, plasticizers, and herbicides; acetone for producing acetic anhydride, acetonecyanhydrine, and diphenylolpropane, as well as for use as a solvent in various industrial applications; and bisphenol-A for the production of polycarbonate, and bromated combustion inhibitors and stabilizers for various polymers, as well as epoxide, polysulfone, polyarylate, special phenolic, polyester imidic, and unsaturated ester resins. In addition, the company offers polycarbonates used for the production of automotive head lamps, optical lenses, compact discs, helmets, and blood filters, as well as high-precision parts, such as pinions, bushings, etc.; and polycarbonate sheets for producing multi-layer glasses used in buildings, sport facilities, and greenhouses glazing. Further, it provides ethylene that is used as feed stock for propylene and ethylene oxide; propylene used for the production of polypropylene, phenol, acetone, and propylene oxide; and ethylene oxide glycols, ethanolamines, cooling liquids, textile agents, products for the preparation of oil-corrosion and paraffin deposits inhibitors, proxanols-proxamines, and demulsifiers. The company was founded in 1958 and is based in Kazan, Russia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 22:07
End of Day Share Price2020/02/20 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.