Kazan Organichesky sintez (MISX:KZOS) - Share price, News & Analysis

KZOS fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	5/6
Financial Health	6/6
Dividends	3/6

KZOS Stock Overview

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

Rewards

Trading at 16.7% below our estimate of its fair value

Earnings grew by 144.9% over the past year

Risk Analysis

Earnings have declined by 10.7% per year over past 5 years

Unstable dividend track record

Latest financial reports are more than 6 months old

Kazan Organichesky sintez Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Kazan Organichesky sintez
Historical stock prices
Current Share Price	₽72.90
52 Week High	₽120.00
52 Week Low	₽42.20
Beta	0.44
1 Month Change	0.14%
3 Month Change	-6.54%
1 Year Change	-16.11%
3 Year Change	-19.36%
5 Year Change	9.46%
Change since IPO	1,467.74%

Recent News & Updates

Feb 18

Calculating The Fair Value Of Kazan Public Joint Stock Company Organichesky sintez (MCX:KZOS)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Kazan Public Joint...

Shareholder Returns

	KZOS	RU Chemicals	RU Market
7D	10.6%	-2.1%	2.7%
1Y	-16.1%	70.4%	-22.6%

Return vs Industry: KZOS underperformed the Russian Chemicals industry which returned 70.4% over the past year.

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

Price Volatility

Is KZOS's price volatile compared to industry and market?
KZOS volatility
KZOS Average Weekly Movement	8.1%
Chemicals Industry Average Movement	15.3%
Market Average Movement	15.5%
10% most volatile stocks in RU Market	22.1%
10% least volatile stocks in RU Market	9.7%

Stable Share Price: KZOS is less volatile than 75% of Russian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: KZOS's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1958	n/a	Farid Minigulov	https://www.kazanorgsintez.ru

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; and 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, brominated flame retardants, and stabilizers for various polymers, as well as epoxide, polysulfone, polyarylate, special phenolic, polyester imide, and unsaturated ester resins.

Kazan Organichesky sintez Fundamentals Summary

How do Kazan Organichesky sintez's earnings and revenue compare to its market cap?
KZOS fundamental statistics
Market Cap	₽130.13b
Earnings (TTM)	₽19.00b
Revenue (TTM)	₽84.29b

6.8x

P/E Ratio

1.5x

P/S Ratio

Is KZOS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
KZOS income statement (TTM)
Revenue	₽84.29b
Cost of Revenue	₽53.77b
Gross Profit	₽30.52b
Other Expenses	₽11.52b
Earnings	₽19.00b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	10.64
Gross Margin	36.21%
Net Profit Margin	22.54%
Debt/Equity Ratio	1.2%

How did KZOS perform over the long term?

See historical performance and comparison

Dividends

7.9%

Current Dividend Yield

86%

Payout Ratio

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

16.7%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: KZOS (RUB72.9) is trading below our estimate of fair value (RUB87.55)

Significantly Below Fair Value: KZOS is trading below fair value, but not by a significant amount.

Price To Earnings Ratio

PE vs Industry: KZOS is good value based on its PE Ratio (6.8x) compared to the Russian Chemicals industry average (7.4x).

PE vs Market: KZOS's PE Ratio (6.8x) is in line with the Russian market.

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's PB Ratio (1.8x) is in line with the RU Chemicals industry average.

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

4.1%

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.

Past Performance

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

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-10.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: KZOS has high quality earnings.

Growing Profit Margin: KZOS's current net profit margins (22.5%) are higher than last year (12.2%).

Past Earnings Growth Analysis

Earnings Trend: KZOS's earnings have declined by 10.7% per year over the past 5 years.

Accelerating Growth: KZOS's earnings growth over the past year (144.9%) exceeds its 5-year average (-10.7% per year).

Earnings vs Industry: KZOS earnings growth over the past year (144.9%) exceeded the Chemicals industry 53.1%.

Return on Equity

High ROE: KZOS's Return on Equity (25.6%) is considered high.

Financial Health

How is Kazan Organichesky sintez's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: KZOS's short term assets (RUB19.7B) exceed its short term liabilities (RUB6.1B).

Long Term Liabilities: KZOS's short term assets (RUB19.7B) exceed its long term liabilities (RUB3.3B).

Debt to Equity History and Analysis

Debt Level: KZOS has more cash than its total debt.

Reducing Debt: KZOS's debt to equity ratio has reduced from 21.4% to 1.2% over the past 5 years.

Debt Coverage: KZOS's debt is well covered by operating cash flow (2254.6%).

Interest Coverage: KZOS earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

Dividend

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

Dividend Score

3/6

Dividend Score 3/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

7.88%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: KZOS's dividend (7.88%) is higher than the bottom 25% of dividend payers in the Russian market (3.8%).

High Dividend: KZOS's dividend (7.88%) is low compared to the top 25% of dividend payers in the Russian market (11.02%).

Stability and Growth of Payments

Stable Dividend: KZOS's dividend payments have been volatile in the past 10 years.

Growing Dividend: KZOS's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (85.6%), KZOS's payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Insufficient data to calculate cash payout ratio to determine if its dividend payments are covered by cash flows.

Discover strong dividend paying companies

Management

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

9.6yrs

Average management tenure

CEO

Farid Minigulov (55 yo)

9.92yrs

Tenure

Mr. Farid G. Minigulov serves as the Chairman of Executive Board at Kazan Public Joint Stock Company Organichesky sintez and has been its Member of Executive Board since June 27, 2013 and has been its Gene...

Leadership Team

Experienced Management: KZOS's management team is seasoned and experienced (9.6 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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/22 00:00
End of Day Share Price	2022/05/20 00:00
Earnings	2021/06/30
Annual Earnings	2020/12/31