Executive Summary
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.
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Fundamentals
Flawless balance sheet with proven track record and pays a dividend.
Similar Companies
Share Price & News
How has Magnitogorsk Iron & Steel Works's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-1.7%
MAGN
1.2%
RU Metals and Mining
1.5%
RU Market
1 Year Return
-22.8%
MAGN
3.7%
RU Metals and Mining
16.2%
RU Market
Return vs Industry: MAGN underperformed the Russian Metals and Mining industry which returned 3.7% over the past year.
Return vs Market: MAGN underperformed the Russian Market which returned 16.2% over the past year.
Shareholder returns
| MAGN | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.7% | 1.2% | 1.5% |
| 30 Day | -11.3% | -4.5% | -0.3% |
| 90 Day | -19.3% | -1.3% | 4.2% |
| 1 Year | -12.2%-22.8% | 13.4%3.7% | 24.6%16.2% |
| 3 Year | 67.7%26.7% | 51.4%18.7% | 66.9%40.9% |
| 5 Year | 521.2%320.0% | 435.8%279.3% | 164.7%107.9% |
Price Volatility Vs. Market
How volatile is Magnitogorsk Iron & Steel Works's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
These 4 Measures Indicate That Magnitogorsk Iron & Steel Works (MCX:MAGN) Is Using Debt Reasonably Well3 months ago | Simply Wall St
Here's Why Magnitogorsk Iron & Steel Works (MCX:MAGN) Can Manage Its Debt Responsibly4 months ago | Simply Wall St
If You Had Bought Magnitogorsk Iron & Steel Works (MCX:MAGN) Shares Five Years Ago You'd Have Made 594%Valuation
Is Magnitogorsk Iron & Steel Works undervalued compared to its fair value and its price relative to the market?
36.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MAGN (RUB36) is trading below our estimate of fair value (RUB56.6)
Significantly Below Fair Value: MAGN is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: MAGN is poor value based on its PE Ratio (5.5x) compared to the Metals and Mining industry average (4.5x).
PE vs Market: MAGN is good value based on its PE Ratio (5.5x) compared to the Russian market (6.6x).
Price to Earnings Growth Ratio
PEG Ratio: MAGN is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: MAGN is overvalued based on its PB Ratio (1.2x) compared to the RU Metals and Mining industry average (0.5x).
Next Steps
Future Growth
How is Magnitogorsk Iron & Steel Works forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
7.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MAGN's forecast earnings growth (7.1% per year) is below the savings rate (8.4%).
Earnings vs Market: MAGN's earnings (7.1% per year) are forecast to grow faster than the Russian market (4.7% per year).
High Growth Earnings: MAGN's earnings are forecast to grow, but not significantly.
Revenue vs Market: MAGN's revenue (1.1% per year) is forecast to grow slower than the Russian market (4.2% per year).
High Growth Revenue: MAGN's revenue (1.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MAGN's Return on Equity is forecast to be high in 3 years time (22.2%)
Next Steps
Past Performance
How has Magnitogorsk Iron & Steel Works performed over the past 5 years?
52.5%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: MAGN has become profitable over the past 5 years, growing earnings by 52.5% per year.
Accelerating Growth: MAGN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MAGN had negative earnings growth (-13.6%) over the past year, making it difficult to compare to the Metals and Mining industry average (16.9%).
Return on Equity
High ROE: MAGN's Return on Equity (20.9%) is considered high.
Return on Assets
ROA vs Industry: MAGN has a higher Return on Assets than the Metals and Mining industry average last year.
Return on Capital Employed
ROCE Improving: MAGN has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Magnitogorsk Iron & Steel Works's financial position?
Financial Position Analysis
Short Term Liabilities: MAGN's short term assets ($3.1B) exceeds its short term liabilities ($1.5B)
Long Term Liabilities: MAGN's short term assets (3.1B) exceeds its long term liabilities (1.1B)
Debt to Equity History and Analysis
Debt Level: MAGN's debt to equity ratio (15.8%) is considered satisfactory
Reducing Debt: MAGN's debt to equity ratio has reduced from 48.2% to 15.8% over the past 5 years.
Debt Coverage: MAGN's debt is well covered by operating cash flow (195.2%).
Interest Coverage: MAGN's interest payments on its debt are well covered by EBIT (200.5x coverage).
Balance Sheet
Inventory Level: MAGN has a high level of physical assets or inventory.
Debt Coverage by Assets: MAGN's debt is covered by short term assets (assets are 3.550170x debt).
Next Steps
Dividend
What is Magnitogorsk Iron & Steel Works's current dividend yield, its reliability and sustainability?
15.58%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: MAGN's dividend (15.58%) is higher than the bottom 25% of dividend payers in the Russian market (3.24%).
High Dividend: MAGN's dividend (15.58%) is in the top 25% of dividend payers in the Russian market (8.62%)
Stable Dividend: MAGN's dividend payments have been volatile in the past 10 years.
Growing Dividend: MAGN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (81%), MAGN's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MAGN's dividends in 3 years are not forecast to be well covered by earnings (108.7% payout ratio).
Next Steps
Management
What is the CEO of Magnitogorsk Iron & Steel Works's salary, the management and board of directors tenure and is there insider trading?
6.6yrs
Average management tenure
CEO
Pavel Shilyaev (49yo)
5.8yrs
Tenure
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, 2 ...
Management Age and Tenure
6.6yrs
Average Tenure
49yo
Average Age
Experienced Management: MAGN's management team is seasoned and experienced (6.6 years average tenure).
Board Age and Tenure
5.4yrs
Average Tenure
49.5yo
Average Age
Experienced Board: MAGN's board of directors are considered experienced (5.4 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Vladimir Rruga (49yo)
Deputy General Director for External Communications & Member of Management Board
- Tenure: 7.4yrs
Oleg Shiryaev (54yo)
Deputy General Director for Production & Member of Management Board
- Tenure: 0.8yrs
Pavel Shilyaev (49yo)
Chairman of Management Board
- Tenure: 5.8yrs
Oleg Kiykov (58yo)
Director for Human Resources & Member of Management Board
- Tenure: 7.4yrs
Sergey Shepilov (48yo)
Chief Legal Officer & Member of Management Board
- Tenure: 7.4yrs
Sergey Nenashev (40yo)
Commercial Director & Member of Management Board
- Tenure: 4.7yrs
Andrey Eremin (47yo)
Director for Economics
- Tenure: 0yrs
Sergej Krivoshchekov (58yo)
Director for Corporate Matters & Social Programmes and Member of Management Board
- Tenure: 7.4yrs
Alexey Kuzmin (42yo)
Head of Domestic Sales Department & Member of the Management Board
- Tenure: 3.7yrs
Sergei E. Kotzebue (59yo)
Director of Security & Member of Management Board
- Tenure: 3.7yrs
Board Members
Tav Tavakolian (51yo)
Independent Director
- Tenure: 4.4yrs
Zumrud Khandadashevna Rustamova (49yo)
Independent Director
- Tenure: 13.5yrs
Victor Rashnikov (71yo)
Chairman of the Board
- Tenure: 26.5yrs
Yu Liovin (51yo)
Independent Director
- Tenure: 5.4yrs
Sergey Ushakov (50yo)
Director
- Tenure: 2.8yrs
Pavel Shilyaev (49yo)
Chairman of Management Board
- Tenure: 5.8yrs
Olga Rashnikova (42yo)
Non-Executive Director
- Tenure: 7.8yrs
Alexander Maslennikov (50yo)
Chairman of Audit Commission
- Tenure: 4.3yrs
Valeriy Martsinovich (46yo)
Independent Director
- Tenure: 5.4yrs
Andrey Eremin (47yo)
Director for Economics
- Tenure: 0yrs
Company Information
Public Joint Stock Company Magnitogorsk Iron & Steel Works's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Public Joint Stock Company Magnitogorsk Iron & Steel Works
- Ticker: MAGN
- Exchange: MISX
- Founded: 1932
- Industry: Steel
- Sector: Materials
- Market Cap: ₽402.220b
- Shares outstanding: 11.17b
- Website: https://www.mmk.ru
Location
- Public Joint Stock Company Magnitogorsk Iron & Steel Works
- 93, Kirova Street
- Magnitogorsk
- Chelyabinskaya obl.
- 455000
- Russia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MAGN | MISX (Micex - Rts) | Yes | Common Stock | RU | RUB | Apr 1995 |
| MMK | LSE (London Stock Exchange) | GDR EACH REPR 13 ORD 'REGS' | GB | USD | Apr 2007 | |
| MHQ | DB (Deutsche Boerse AG) | GDR EACH REPR 13 ORD 'REGS' | DE | EUR | Apr 2007 | |
| MMKL | BATS-CHIXE (BATS 'Chi-X Europe') | GDR EACH REPR 13 ORD 'REGS' | GB | USD | Apr 2007 |
Biography
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 Afr ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/21 21:16 |
| End of Day Share Price | 2019/10/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.