Magnitogorsk Iron & Steel Works
Public Joint Stock Company Magnitogorsk Iron & Steel Works, together with its subsidiaries, produces and sells ferrous metal products in Russia and the CIS countries, the Middle East, Asia, Europe, and Africa. The last earnings update was 69 days ago. More info.
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MAGN Share Price and Events
7 Day Returns
1 Year Returns
MAGN Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Magnitogorsk Iron & Steel Works (MAGN) | 0.3% | -3% | -0.4% | -4.8% | 79% | 674.4% |
| RU Metals and Mining | 1.1% | -1.5% | -2.5% | -1.6% | 38.4% | 205.7% |
| RU Market | -0.8% | 2.6% | 4.3% | 7.6% | 30.5% | 93.5% |
1 Year Return vs Industry and Market
- MAGN underperformed the Metals and Mining industry which returned -1.6% over the past year.
- MAGN underperformed the Market in Russian Federation which returned 7.6% over the past year.
Value
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
Magnitogorsk Iron & Steel Works
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Magnitogorsk Iron & Steel Works.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 11 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 19.1% |
| 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.
| 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))
= 1.135 (1 + (1- 20%) (6.94%)) |
1.133 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.13 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.44% + (1.133 * 9.43%) |
19.12% |
Discounted Cash Flow Calculation for MISX:MAGN using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Magnitogorsk Iron & Steel Works 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.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 19.12%) |
|
|---|---|---|---|
| 2019 | 759.50 | Analyst x4 | 637.59 |
| 2020 | 824.00 | Analyst x6 | 580.70 |
| 2021 | 873.60 | Analyst x5 | 516.84 |
| 2022 | 851.14 | Est @ -2.57% | 422.72 |
| 2023 | 857.38 | Est @ 0.73% | 357.47 |
| 2024 | 883.48 | Est @ 3.04% | 309.23 |
| 2025 | 924.68 | Est @ 4.66% | 271.70 |
| 2026 | 978.28 | Est @ 5.8% | 241.31 |
| 2027 | 1,042.74 | Est @ 6.59% | 215.92 |
| 2028 | 1,117.24 | Est @ 7.14% | 194.21 |
| Present value of next 10 years cash flows | $3,747.70 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $1,117.24 × (1 + 8.44%) ÷ (19.12% – 8.44%) |
$11,343.47 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $11,343.47 ÷ (1 + 19.12%)10 |
$1,971.89 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $3,747.70 + $1,971.89 |
$5,719.58 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $5,719.58 / 11,174.33 |
$0.51 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | USD/RUB
(Reporting currency to currency of MISX:MAGN) |
63.95 |
| Value per Share (RUB) |
= Value per Share in USD x Exchange Rate (USD/RUB)
= $0.51 x 63.95 |
RUB32.73 |
| Value per share (RUB) | From above. | RUB32.73 |
| Current discount | Discount to share price of
RUB44.22
= -1 x (RUB44.22 - RUB32.73) / RUB32.73 |
-35.1% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Magnitogorsk Iron & Steel Works is above its future cash flow value.
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 Magnitogorsk Iron & Steel Works's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Magnitogorsk Iron & Steel Works's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $0.12 |
| MISX:MAGN Share Price ** | MISX (2019-04-18) in RUB | RUB44.22 |
| MISX:MAGN Share Price converted to USD reporting currency | Exchange rate (RUB/ USD) 0.016 | $0.69 |
| 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 130 Publicly-Listed Companies | 7.39x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Magnitogorsk Iron & Steel Works.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = MISX:MAGN Share Price ÷ EPS (both in USD) = 0.69 ÷ 0.12 |
5.88x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Magnitogorsk Iron & Steel Works is overvalued based on earnings compared to the RU Metals and Mining industry average.
- Magnitogorsk Iron & Steel Works is good value based on earnings compared to the Russian Federation market.
Price based on expected Growth
Does
Magnitogorsk Iron & Steel Works's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 5.88x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts |
-8.1%per year |
| Europe Metals and Mining Industry PEG Ratio | Median Figure of 61 Publicly-Listed Metals and Mining Companies | 0.65x |
| Russian Federation Market PEG Ratio | Median Figure of 33 Publicly-Listed Companies | 0.51x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 5.88x ÷ -8.1% |
-0.73x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Magnitogorsk Iron & Steel Works earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Magnitogorsk Iron & Steel Works's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $0.45 |
| MISX:MAGN Share Price * | MISX (2019-04-18) in RUB | RUB44.22 |
| MISX:MAGN Share Price converted to USD reporting currency | Exchange rate (RUB/ USD) 0.016 | $0.69 |
| 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 150 Publicly-Listed Companies | 0.83x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = MISX:MAGN Share Price ÷ Book Value per Share (both in USD) = 0.69 ÷ 0.45 |
1.55x |
* Primary Listing of Magnitogorsk Iron & Steel Works.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Magnitogorsk Iron & Steel Works is overvalued based on assets compared to the RU Metals and Mining industry average.
Value checks
We assess Magnitogorsk Iron & Steel Works's value by looking at:- 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. )
- 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)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check) Magnitogorsk Iron & Steel Works 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.
Future Performance
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!
Earnings growth vs Low Risk Savings
- Magnitogorsk Iron & Steel Works'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
- Magnitogorsk Iron & Steel Works's earnings are expected to decrease over the next 1-3 years, this is below the Russian Federation market average.
- Magnitogorsk Iron & Steel Works's revenues are expected to decrease over the next 1-3 years, this is below the Russian Federation market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| MISX:MAGN Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts | -8.1% |
| MISX:MAGN Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts | -3.1% |
| Russian Federation Metals and Mining Industry Earnings Growth Rate | Market Cap Weighted Average | -1.9% |
| Europe Metals and Mining Industry Revenue Growth Rate | Market Cap Weighted Average | 0.8% |
| Russian Federation Market Earnings Growth Rate | Market Cap Weighted Average | 3.8% |
| Russian Federation Market Revenue Growth Rate | Market Cap Weighted Average | 4.4% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 11 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 7,538 | 1,667 | 1,052 | 6 |
| 2020-12-31 | 7,379 | 1,673 | 1,046 | 10 |
| 2019-12-31 | 7,539 | 1,600 | 1,128 | 11 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 8,214 | 1,887 | 1,315 |
| 2018-09-30 | 8,200 | 1,797 | 1,444 |
| 2018-06-30 | 8,121 | 1,776 | 1,319 |
| 2018-03-31 | 7,941 | 1,588 | 1,221 |
| 2017-12-31 | 7,546 | 1,358 | 1,184 |
| 2017-09-30 | 7,148 | 1,314 | 1,019 |
| 2017-06-30 | 6,614 | 1,198 | 1,161 |
| 2017-03-31 | 6,240 | 1,153 | 1,195 |
| 2016-12-31 | 5,630 | 1,191 | 1,111 |
| 2016-09-30 | 5,261 | 1,058 | 778 |
| 2016-06-30 | 5,285 | 1,327 | 439 |
| 2016-03-31 | 5,378 | 1,276 | 381 |
*GAAP earnings excluding extraordinary items.
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 11 Analyst Estimates (S&P Global) | See Below |
All data from Magnitogorsk Iron & Steel Works Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 0.10 | 0.10 | 0.10 | 1.00 |
| 2020-12-31 | 0.10 | 0.10 | 0.10 | 2.00 |
| 2019-12-31 | 0.10 | 0.11 | 0.10 | 2.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.12 |
| 2018-09-30 | 0.13 |
| 2018-06-30 | 0.12 |
| 2018-03-31 | 0.11 |
| 2017-12-31 | 0.11 |
| 2017-09-30 | 0.09 |
| 2017-06-30 | 0.10 |
| 2017-03-31 | 0.11 |
| 2016-12-31 | 0.10 |
| 2016-09-30 | 0.07 |
| 2016-06-30 | 0.04 |
| 2016-03-31 | 0.03 |
*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.
- Magnitogorsk Iron & Steel Works is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Magnitogorsk Iron & Steel Works's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Russian Federation market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Magnitogorsk Iron & Steel Works 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.
Past Performance
How has Magnitogorsk Iron & Steel Works 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
Past Earnings growth analysis
- Magnitogorsk Iron & Steel Works has delivered over 20% year on year earnings growth in the past 5 years.
- Magnitogorsk Iron & Steel Works's 1-year earnings growth is less than its 5-year average (11.1% vs 67.1%)
- Magnitogorsk Iron & Steel Works's earnings growth has exceeded the RU Metals and Mining industry average in the past year (11.1% vs -2.7%).
Earnings and Revenue History
All data from Magnitogorsk Iron & Steel Works Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 8,214.00 | 1,315.00 | 655.00 | |
| 2018-09-30 | 8,200.00 | 1,444.00 | 646.00 | |
| 2018-06-30 | 8,121.00 | 1,319.00 | 653.00 | |
| 2018-03-31 | 7,941.00 | 1,221.00 | 658.00 | |
| 2017-12-31 | 7,546.00 | 1,184.00 | 615.00 | |
| 2017-09-30 | 7,148.00 | 1,019.00 | 609.00 | |
| 2017-06-30 | 6,614.00 | 1,161.00 | 567.00 | |
| 2017-03-31 | 6,240.00 | 1,195.00 | 519.00 | |
| 2016-12-31 | 5,630.00 | 1,111.00 | 488.00 | |
| 2016-09-30 | 5,261.00 | 778.00 | 461.00 | |
| 2016-06-30 | 5,285.00 | 439.00 | 456.00 | |
| 2016-03-31 | 5,378.00 | 381.00 | 511.00 | |
| 2015-12-31 | 5,839.00 | 420.00 | 498.00 | |
| 2015-09-30 | 6,385.00 | 393.00 | 639.00 | |
| 2015-06-30 | 7,018.00 | 343.00 | 681.00 | |
| 2015-03-31 | 7,584.00 | 231.00 | 699.00 | |
| 2014-12-31 | 7,952.00 | -43.00 | 818.00 | |
| 2014-09-30 | 8,094.00 | -2,033.00 | 911.00 | |
| 2014-06-30 | 7,836.00 | -2,192.00 | 950.00 | |
| 2014-03-31 | 7,786.00 | -2,507.00 | 971.00 | |
| 2013-12-31 | 8,190.00 | -2,400.00 | 1,011.00 | |
| 2013-09-30 | 8,389.00 | -388.00 | 908.00 | |
| 2013-06-30 | 8,831.00 | -179.00 | 943.00 | |
| 2013-03-31 | 9,186.00 | -70.00 | 991.00 | |
| 2012-12-31 | 9,328.00 | -84.00 | 991.00 | |
| 2012-09-30 | 9,503.00 | -23.00 | 951.00 | |
| 2012-06-30 | 9,614.00 | -306.00 | 946.00 |
*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.
- Magnitogorsk Iron & Steel Works has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
- Magnitogorsk Iron & Steel Works used its assets more efficiently than the RU Metals and Mining industry average last year based on Return on Assets.
- Magnitogorsk Iron & Steel Works has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Magnitogorsk Iron & Steel Works's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Magnitogorsk Iron & Steel Works 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.
Health
How is Magnitogorsk Iron & Steel Works'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 Magnitogorsk Iron & Steel Works's finances.
The net worth of a company is the difference between its assets and liabilities.
- Magnitogorsk Iron & Steel Works is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Magnitogorsk Iron & Steel Works's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 5.1x 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.
All data from Magnitogorsk Iron & Steel Works Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 5,009.00 | 536.00 | 746.00 |
| 2018-09-30 | 5,385.00 | 523.00 | 839.00 |
| 2018-06-30 | 5,462.00 | 521.00 | 608.00 |
| 2018-03-31 | 5,802.00 | 517.00 | 449.00 |
| 2017-12-31 | 5,497.00 | 544.00 | 564.00 |
| 2017-09-30 | 5,301.00 | 499.00 | 626.00 |
| 2017-06-30 | 5,105.00 | 506.00 | 275.00 |
| 2017-03-31 | 5,259.00 | 572.00 | 393.00 |
| 2016-12-31 | 4,711.00 | 500.00 | 316.00 |
| 2016-09-30 | 4,352.00 | 520.00 | 334.00 |
| 2016-06-30 | 4,121.00 | 1,568.00 | 1,049.00 |
| 2016-03-31 | 3,717.00 | 1,606.00 | 892.00 |
| 2015-12-31 | 3,320.00 | 1,847.00 | 728.00 |
| 2015-09-30 | 3,716.00 | 2,058.00 | 937.00 |
| 2015-06-30 | 4,343.00 | 2,336.00 | 685.00 |
| 2015-03-31 | 3,918.00 | 2,333.00 | 532.00 |
| 2014-12-31 | 3,942.00 | 2,587.00 | 557.00 |
| 2014-09-30 | 5,701.00 | 2,733.00 | 393.00 |
| 2014-06-30 | 6,631.00 | 3,194.00 | 506.00 |
| 2014-03-31 | 6,283.00 | 3,173.00 | 286.00 |
| 2013-12-31 | 6,861.00 | 3,180.00 | 171.00 |
| 2013-09-30 | 8,923.00 | 3,276.00 | 308.00 |
| 2013-06-30 | 8,776.00 | 3,333.00 | 255.00 |
| 2013-03-31 | 9,535.00 | 3,620.00 | 402.00 |
| 2012-12-31 | 9,820.00 | 3,880.00 | 424.00 |
| 2012-09-30 | 9,732.00 | 3,869.00 | 280.00 |
| 2012-06-30 | 9,355.00 | 3,681.00 | 240.00 |
- Magnitogorsk Iron & Steel Works's level of debt (10.7%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (46.4% vs 10.7% today).
- Debt is well covered by operating cash flow (352.1%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 140.7x coverage).
Financial health checks
We assess Magnitogorsk Iron & Steel Works's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Magnitogorsk Iron & Steel Works has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
Dividends
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
RUB2,000 of
Magnitogorsk Iron & Steel Works
shares you are expected to receive
RUB254
in your first year as a dividend.
Dividend Amount
- Magnitogorsk Iron & Steel Works's pays a higher dividend yield than the bottom 25% of dividend payers in Russian Federation (3.21%).
- Magnitogorsk Iron & Steel Works's dividend is above the markets top 25% of dividend payers in Russian Federation (9.19%).
Upcoming dividend payment
Purchase Magnitogorsk Iron & Steel Works before the 'Buy Limit' to receive their next dividend payment.
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.
| 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 11 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 | 1.8% |
| Russian Federation Bottom 25% Dividend Yield | 25th Percentile | 3.2% |
| Russian Federation Top 25% Dividend Yield | 75th Percentile | 9.2% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 0.11 | 1.00 |
| 2020-12-31 | 0.08 | 2.00 |
| 2019-12-31 | 0.08 | 2.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-11 | 0.088 | 13.294 |
| 2018-11-02 | 0.069 | 10.264 |
| 2018-06-01 | 0.040 | 5.905 |
| 2017-11-09 | 0.070 | 9.841 |
| 2017-10-03 | 0.036 | 4.722 |
| 2017-05-11 | 0.032 | 5.579 |
| 2017-04-24 | 0.034 | 5.611 |
| 2016-10-04 | 0.016 | 3.002 |
| 2016-04-25 | 0.009 | 2.268 |
| 2016-02-16 | 0.010 | 3.287 |
| 2015-11-06 | 0.020 | 7.490 |
| 2015-08-19 | 0.008 | 2.729 |
| 2015-03-17 | 0.010 | 3.523 |
| 2015-01-15 | 0.010 | 4.596 |
| 2014-12-15 | 0.009 | 4.868 |
| 2014-04-22 | 0.000 | 0.000 |
| 2013-04-12 | 0.010 | 4.602 |
| 2013-01-08 | 0.009 | 2.911 |
| 2012-04-18 | 0.010 | 3.070 |
| 2011-06-24 | 0.010 | 2.003 |
| 2011-03-31 | 0.010 | 1.048 |
| 2010-04-30 | 0.010 | 1.072 |
| 2010-03-22 | 0.010 | 0.972 |
| 2010-01-22 | 0.000 | 0.000 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Magnitogorsk Iron & Steel Works has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Dividend payments have increased, but Magnitogorsk Iron & Steel Works only paid a dividend in the past 9 years.
Income/ dividend checks
We assess Magnitogorsk Iron & Steel Works's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Magnitogorsk Iron & Steel Works afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Magnitogorsk Iron & Steel Works has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| AGE | 48 |
| TENURE AS CEO | 5.3 years |
CEO Bio
Mr. Pavel V. Shilyaev has been the Chief Executive Officer, General Director and Member of Management Board at Open Joint Stock Company Magnitogorsk Iron & Steel Works since February 26, 2014 and May 25, 2012 respectively and serves as its Chairman of Management Board also served as its Chief Executive Officer and General Director from February 26, 2014 to May 30, 2014 and its Member of Management Boart from May 25, 2012 to May 30, 2014. Mr. Shilyaev served as an Acting Chief Executive Officer of Open Joint Stock Company agnitogorsk Iron & Steel Works from January 17, 2014 to February 26, 2014 and also served as its Deputy Chief Executive Officer for Production until January 15, 2014 and Deputy General Director of Production and Acting Deputy General Director for Production. He serves as a Director of Open Joint Stock Company Magnitogorsk Iron & Steel Works. He is a graduate of Chelyabinsk State Technical University with a degree in electric drive and industrial automation in 1992. In 2006, he completed courses in performance management at the Stockholm School of Economics in Russia (St Petersburg).
CEO Compensation
- Insufficient data for Pavel to compare compensation growth.
- Insufficient data for Pavel to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure
Average tenure and age of the Magnitogorsk Iron & Steel Works management team in years:
- The average tenure for the Magnitogorsk Iron & Steel Works management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Pavel Shilyaev
Chairman of Management Board
48
5.3 yrs
Sergey Ushakov
Deputy General Director for Sales
49
4.2 yrs
Oleg Shiryaev
Deputy General Director for Production & Member of Management Board
53
0.3 yrs
Vladimir Rruga
Deputy General Director for External Communications & Member of Management Board
48
6.9 yrs
Oleg Kiykov
Director for Human Resources & Member of Management Board
57
6.9 yrs
Sergey Shepilov
Chief Legal Officer & Member of Management Board
47
6.9 yrs
Sergey Nenashev
Commercial Director of PJSC MMK
39
4.2 yrs
Andrey Eremin
Director for Economics & Member of Management Board
46
6.9 yrs
Sergej Krivoshhjokov
Director for Corporate Matters & Social Programmes and Member of Management Board
57
6.9 yrs
Alexey Kuzmin
Head of Domestic Sales Department & Member of the Management Board
41
3.2 yrs
Board of Directors Tenure
Average tenure and age of the Magnitogorsk Iron & Steel Works board of directors in years:
- The tenure for the Magnitogorsk Iron & Steel Works board of directors is about average.
Board of Directors
Viktor Rashnikov
Chairman of the Board
70
26 yrs
Pavel Shilyaev
Chairman of Management Board
48
4.9 yrs
Sergey Ushakov
Deputy General Director for Sales
49
2.3 yrs
Alexander Maslennikov
Chairman of Audit Commission
49
3.8 yrs
Ruben Aganbegyan
Director
46
4.9 yrs
Valeriy Marcinovich
Director
45
4.9 yrs
Zumrud Khandadashevna Rustamova
Director
48
13 yrs
Yu Lyovin
Director
50
4.9 yrs
Nikolai Lyadov
Non-Executive Director
62
8.3 yrs
Olga Rashnikov
Non-Executive Director
41
7.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (RUB) | Value (RUB) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Magnitogorsk Iron & Steel Works's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Magnitogorsk Iron & Steel Works 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.
News
Simply Wall St News
Public Joint Stock Company Magnitogorsk Iron & Steel Works (MCX:MAGN): Financial Strength Analysis
Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies such as Public Joint Stock Company Magnitogorsk Iron & Steel Works (MCX:MAGN), with a market cap of RUруб504b, often get neglected by retail investors. … Don’t forget that this is a general and concentrated examination of Magnitogorsk Iron & Steel Works's financial health, so you should conduct further analysis. … See our latest analysis for Magnitogorsk Iron & Steel Works
Simply Wall St - – Full articleDespite Its High P/E Ratio, Is Public Joint Stock Company Magnitogorsk Iron & Steel Works (MCX:MAGN) Still Undervalued?
We'll look at Public Joint Stock Company Magnitogorsk Iron & Steel Works's (MCX:MAGN) P/E ratio and reflect on what it tells us about the company's share price. … Based on the last twelve months, Magnitogorsk Iron & Steel Works's P/E ratio is 5.85. … How Do You Calculate Magnitogorsk Iron & Steel Works's P/E Ratio
Simply Wall St - – Full articleShould You Buy Public Joint Stock Company Magnitogorsk Iron & Steel Works (MCX:MAGN) When Prices Drop?
Today I want to bring to light the market's darling - Public Joint Stock Company Magnitogorsk Iron & Steel Works. … Looking at its size, financial health and track record, I believe there's an opportunity with Magnitogorsk Iron & Steel Works during these volatile times. … Public Joint Stock Company Magnitogorsk Iron & Steel Works, together with its subsidiaries, produces and sells ferrous metal products in Russia and the CIS countries, the Middle East, Asia, Europe, and Africa
Simply Wall St - – Full articleIntroducing Magnitogorsk Iron & Steel Works, The Stock That Soared 601% In The Last Five Years
Then look at the Public Joint Stock Company Magnitogorsk Iron & Steel Works (MCX:MAGN) share price. … Indeed, the Magnitogorsk Iron & Steel Works share price has gained 130% in three years. … This EPS growth is higher than the 32% average annual increase in the share price over the same three years.
Simply Wall St - – Full articleWhat Should You Know About Public Joint Stock Company Magnitogorsk Iron & Steel Works's (MCX:MAGN) Long Term Outlook?
In December 2018, Public Joint Stock Company Magnitogorsk Iron & Steel Works (MCX:MAGN) announced its most recent earnings update, whicha … company
Simply Wall St - – Full articlePublic Joint Stock Company Magnitogorsk Iron & Steel Works (MCX:MAGN) Earns A Nice Return On Capital Employed
Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleHas Public Joint Stock Company Magnitogorsk Iron & Steel Works (MCX:MAGN) Got Enough Cash?
Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as Public Joint Stock Company Magnitogorsk Iron & Steel Works (MCX:MAGN), with a market capitalization of RUруб485b, rarely draw their attention from the investing community. … MAGN’s financial liquidity and debt position will be analysed in this article, to get an idea of whether the company can fund opportunities for strategic growth and maintain strength through economic downturns. … See our latest analysis for Magnitogorsk Iron & Steel Works
Simply Wall St - – Full articleIs There An Opportunity With Public Joint Stock Company Magnitogorsk Iron & Steel Works's (MCX:MAGN) 43.21% Undervaluation?
Today, I will calculate the stock's intrinsic value. … by taking the foreast future cash flows of the company and discounting them back to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model
Simply Wall St - – Full articleIs Public Joint Stock Company Magnitogorsk Iron & Steel Works's (MCX:MAGN) 27% Better Than Average?
By way of learning-by-doing, we'll look at ROE to gain a better understanding Public Joint Stock Company Magnitogorsk Iron & Steel Works (MCX:MAGN). … Over the last twelve months Magnitogorsk Iron & Steel Works has recorded a ROE of 27%. … Check out our latest analysis for Magnitogorsk Iron & Steel Works?
Simply Wall St - – Full articleWhat You Must Know About Public Joint Stock Company Magnitogorsk Iron & Steel Works's (MCX:MAGN) 21.15% ROE
and want to learn about Return on Equity using a real-life example. … Public Joint Stock Company Magnitogorsk Iron & Steel Works (MCX:MAGN) performed in line with its steel industry on the basis of its ROE – producing a return of 21.15% relative to the peer average of 22.02% over the past 12 months. … View our latest analysis for Magnitogorsk Iron & Steel Works
Simply Wall St - – Full articleCompany Info
Description
Public Joint Stock Company Magnitogorsk Iron & Steel Works, together with its subsidiaries, produces and sells ferrous metal products in Russia and the CIS countries, the Middle East, Asia, Europe, and Africa. It offers rolled products made of high-strength steels; flat products, including hot rolled coils, hot rolled sheets, cold rolled coils and sheets, black plates, and cold rolled narrow strips; long products, such as wire rods, rebars, square bars, strips, and round bars; and coated products comprising color coated products, hot dip galvanized products, and tin plates. The company also provides cold formed sections; special hot rolled sections; shaped sections, such as U-beams, angles, and hot rolled beams; water and gas mains pipes; slabs; square and rectangular billets for re-rolling; products for the automotive industry; and miscellaneous products. In addition, it is also involved in the construction activities; production of metal hardware; maintenance of metallurgical equipment; production of cement and refractory materials; collection and processing of metal scrap; mining, refining, and sale of coal; and trading activities. The company was founded in 1932 and is based in Magnitogorsk, Russia. Public Joint Stock Company Magnitogorsk Iron & Steel Works is a subsidiary of Mintha Holding Limited.
Details
| Name: | Public Joint Stock Company Magnitogorsk Iron & Steel Works |
| MAGN | |
| Exchange: | MISX |
| Founded: | 1932 |
| RUB494,128,872,600 | |
| 11,174,330,000 | |
| Website: | http://www.mmk.ru |
| Address: |
Public Joint Stock Company Magnitogorsk Iron & Steel Works 93, Kirova Street, Magnitogorsk, Chelyabinskaya obl., 455000, Russia |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| MISX | MAGN | Common Stock | Micex - Rts | RU | RUB | 27. Apr 1995 | |
| LSE | MMK | GDR EACH REPR 13 ORD 'REGS' | London Stock Exchange | GB | USD | 24. Apr 2007 | |
| DB | MHQ | GDR EACH REPR 13 ORD 'REGS' | Deutsche Boerse AG | DE | EUR | 24. Apr 2007 | |
| BATS-CHIXE | MMKL | GDR EACH REPR 13 ORD 'REGS' | BATS 'Chi-X Europe' | GB | USD | 24. Apr 2007 |
Number of employees
Current staff
Industry
| Steel | |
| Materials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/18 21:33 |
| End of day share price update: | 2019/04/18 00:00 |
| Last estimates confirmation: | 2019/04/18 |
| Last earnings filing: | 2019/02/08 |
| 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.
