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Solikamsk magnesium works

MISX:MGNZ
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MGNZ
MISX
RUB1B
Market Cap
  1. Home
  2. RU
  3. Materials
Company description

Open joint stock company Solikamsk magnesium works manufactures and sells magnesium, chemical, and rare metals products for use in high-tech industries in Russia and internationally. The last earnings update was 26 days ago. More info.


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MGNZ Share Price and Events
7 Day Returns
0%
MISX:MGNZ
1.2%
RU Metals and Mining
1.1%
RU Market
1 Year Returns
6%
MISX:MGNZ
-1.4%
RU Metals and Mining
8%
RU Market
MGNZ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Solikamsk magnesium works (MGNZ) 0% -2.9% -2.9% 6% -36% -49.9%
RU Metals and Mining 1.2% 0.5% -1.8% -1.4% 38% 209.7%
RU Market 1.1% 3.2% 4.1% 8% 31.9% 99%
1 Year Return vs Industry and Market
  • MGNZ outperformed the Metals and Mining industry which returned -1.4% over the past year.
  • MGNZ underperformed the Market in Russian Federation which returned 8% over the past year.
Price Volatility
MGNZ
Industry
5yr Volatility vs Market

Value

 Is Solikamsk magnesium works undervalued based on future cash flows and its price relative to the stock market?

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 Solikamsk magnesium 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Solikamsk magnesium works.

MISX:MGNZ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 20.1%
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.

Calculation of Discount Rate/ Cost of Equity for MISX:MGNZ
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))
= 1.132 (1 + (1- 20%) (23.78%))
1.233
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.44% + (1.233 * 9.43%)
20.06%

Discounted Cash Flow Calculation for MISX:MGNZ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Solikamsk magnesium 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.

MISX:MGNZ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (RUB, Millions) Source Present Value
Discounted (@ 20.06%)
2019 568.70 Est @ 79.11% 473.67
2020 898.05 Est @ 57.91% 622.99
2021 1,284.84 Est @ 43.07% 742.37
2022 1,704.73 Est @ 32.68% 820.39
2023 2,137.89 Est @ 25.41% 856.92
2024 2,572.27 Est @ 20.32% 858.75
2025 3,003.24 Est @ 16.75% 835.09
2026 3,431.51 Est @ 14.26% 794.73
2027 3,860.94 Est @ 12.51% 744.76
2028 4,296.91 Est @ 11.29% 690.35
Present value of next 10 years cash flows RUB7,440.02
MISX:MGNZ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= RUB4,296.91 × (1 + 8.44%) ÷ (20.06% – 8.44%)
RUB40,089.92
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= RUB40,089.92 ÷ (1 + 20.06%)10
RUB6,440.96
MISX:MGNZ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= RUB7,440.02 + RUB6,440.96
RUB13,880.98
Equity Value per Share
(RUB)
= Total value / Shares Outstanding
= RUB13,880.98 / 0.40
RUB34853.01
MISX:MGNZ Discount to Share Price
Calculation Result
Value per share (RUB) From above. RUB34,853.01
Current discount Discount to share price of RUB3,010.00
= -1 x (RUB3,010.00 - RUB34,853.01) / RUB34,853.01
91.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Solikamsk magnesium works is available for.
Intrinsic value
>50%
Share price is RUB3010 vs Future cash flow value of RUB34853.01
Current Discount Checks
For Solikamsk magnesium works to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Solikamsk magnesium works's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Solikamsk magnesium works's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Solikamsk magnesium works's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Solikamsk magnesium works's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MISX:MGNZ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in RUB RUB600.00
MISX:MGNZ Share Price ** MISX (2019-04-23) in RUB RUB3010
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 129 Publicly-Listed Companies 7.39x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Solikamsk magnesium works.

MISX:MGNZ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= MISX:MGNZ Share Price ÷ EPS (both in RUB)

= 3010 ÷ 600.00

5.02x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Solikamsk magnesium works is overvalued based on earnings compared to the RU Metals and Mining industry average.
  • Solikamsk magnesium works is good value based on earnings compared to the Russian Federation market.
Price based on expected Growth
Does Solikamsk magnesium works's expected growth come at a high price?
Raw Data
MISX:MGNZ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
14.7%per year
Europe Metals and Mining Industry PEG Ratio Median Figure of 62 Publicly-Listed Metals and Mining Companies 0.68x
Russian Federation Market PEG Ratio Median Figure of 33 Publicly-Listed Companies 0.5x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Solikamsk magnesium works, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Solikamsk magnesium works's assets?
Raw Data
MISX:MGNZ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in RUB RUB7,343.51
MISX:MGNZ Share Price * MISX (2019-04-23) in RUB RUB3010
Russian Federation Metals and Mining Industry PB Ratio Median Figure of 20 Publicly-Listed Metals and Mining Companies 0.42x
Russian Federation Market PB Ratio Median Figure of 149 Publicly-Listed Companies 0.81x
MISX:MGNZ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= MISX:MGNZ Share Price ÷ Book Value per Share (both in RUB)

= 3010 ÷ 7,343.51

0.41x

* Primary Listing of Solikamsk magnesium works.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Solikamsk magnesium works is good value based on assets compared to the RU Metals and Mining industry average.
X
Value checks
We assess Solikamsk magnesium works's value by looking at:
  1. 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. )
  2. 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)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Solikamsk magnesium works has a total score of 4/6, 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

 How is Solikamsk magnesium works expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Solikamsk magnesium works, future earnings growth has been estimated based on fundamentals.
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!
Annual Growth Rate
14.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Solikamsk magnesium works expected to grow at an attractive rate?
  • Solikamsk magnesium works's earnings growth is expected to exceed the low risk savings rate of 8.4%.
Growth vs Market Checks
  • Solikamsk magnesium works's earnings growth is expected to exceed the Russian Federation market average.
  • Unable to compare Solikamsk magnesium works's revenue growth to the Russian Federation market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
MISX:MGNZ Future Growth Rates Data Sources
Data Point Source Value (per year)
MISX:MGNZ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 14.7%
Russian Federation Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average -1.8%
Europe Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 0.9%
Russian Federation Market Earnings Growth Rate Market Cap Weighted Average 3.4%
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
Raw Data
MISX:MGNZ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in RUB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MISX:MGNZ Past Financials Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income *
2018-12-31 7,809 445 238
2018-09-30 7,281 269
2018-06-30 6,813 33
2018-03-31 6,408 -196
2017-12-31 6,042 -54 -299
2017-09-30 6,097 -443
2017-06-30 6,112 -423
2017-03-31 6,212 -413
2016-12-31 6,522 -238
2016-09-30 6,587 63
2016-06-30 6,457 231
2016-03-31 6,530 453

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Solikamsk magnesium works's earnings are expected to grow by 14.7% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Solikamsk magnesium works is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
MISX:MGNZ 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 0 Analyst Estimates (S&P Global) See Below

All data from Solikamsk magnesium works Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:MGNZ Past Financials Data
Date (Data in RUB Millions) EPS *
2018-12-31 600.00
2018-09-30
2018-06-30
2018-03-31 -493.31
2017-12-31 -750.00
2017-09-30
2017-06-30 -1,061.21
2017-03-31 -1,037.48
2016-12-31 -596.53
2016-09-30 157.25
2016-06-30 581.11
2016-03-31

*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.
  • Unable to establish if Solikamsk magnesium works will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Solikamsk magnesium works's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Russian Federation market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Solikamsk magnesium works has a total score of 2/6, 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 Solikamsk magnesium 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
Below we compare Solikamsk magnesium works's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Solikamsk magnesium works's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Solikamsk magnesium works has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Solikamsk magnesium works has become profitable in the last year making it difficult to compare the RU Metals and Mining industry average.
Earnings and Revenue History
Solikamsk magnesium works's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Solikamsk magnesium works Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:MGNZ Past Revenue, Cash Flow and Net Income Data
Date (Data in RUB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 7,808.86 238.27 878.07
2018-09-30 7,280.76 269.37 815.13
2018-06-30 6,812.77 33.22 782.56
2018-03-31 6,408.23 -196.47 740.15
2017-12-31 6,042.30 -299.22 706.85
2017-09-30 6,096.92 -443.47 709.97
2017-06-30 6,111.96 -422.65 697.38
2017-03-31 6,212.35 -413.20 749.37
2016-12-31 6,521.92 -237.58 776.26
2016-09-30 6,586.52 62.63 749.21
2016-06-30 6,457.07 231.44 754.87
2016-03-31 6,529.53 452.51 738.29
2015-12-31 6,395.50 474.54 717.88
2015-09-30 5,975.26 466.98 692.18
2015-06-30 5,892.87 420.03 681.92
2015-03-31 5,528.80 230.03 675.44
2014-12-31 5,164.74 40.02 668.96
2013-12-31 4,455.57 -172.38 616.93
2012-12-31 5,333.50 507.71 675.35
2012-09-30 5,212.82 321.60 618.45
2012-06-30 5,906.89 1,084.28 604.61

*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.
  • Solikamsk magnesium works has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Solikamsk magnesium works used its assets less efficiently than the RU Metals and Mining industry average last year based on Return on Assets.
  • Solikamsk magnesium works's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Solikamsk magnesium works's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Solikamsk magnesium works has a total score of 0/6, 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 Solikamsk magnesium 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 Solikamsk magnesium works's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Solikamsk magnesium works is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Solikamsk magnesium works's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Solikamsk magnesium works's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 7.8x 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.
Raw Data

All data from Solikamsk magnesium works Company Filings, last reported 3 months ago.

MISX:MGNZ Past Debt and Equity Data
Date (Data in RUB Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,924.72 287.00 197.50
2018-09-30 2,917.14 337.00 148.20
2018-06-30 2,739.67 477.00 20.50
2018-03-31 2,614.49 537.00 140.14
2017-12-31 2,583.39 512.00 113.14
2017-09-30 2,647.78 537.00 89.02
2017-06-30 2,706.45 537.00 41.80
2017-03-31 2,810.96 512.00 44.66
2016-12-31 2,882.61 467.14 60.95
2016-09-30 2,905.97 542.49 49.13
2016-06-30 2,943.83 547.00 26.23
2016-03-31 2,934.92 762.00 172.24
2015-12-31 2,934.92 762.00 172.24
2015-09-30
2015-06-30 2,712.39 641.06 42.11
2015-03-31 2,712.39 641.06 42.11
2014-12-31 2,460.38 604.74 219.55
2013-12-31 2,304.90 527.83 98.19
2012-12-31 3,052.27 1,531.88 111.35
2012-09-30 2,166.70 587.26 339.03
2012-06-30 2,073.23 287.00 164.51
  • Solikamsk magnesium works's level of debt (9.8%) 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 (22.9% vs 9.8% today).
  • Debt is well covered by operating cash flow (155.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.9x coverage).
X
Financial health checks
We assess Solikamsk magnesium works's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Solikamsk magnesium works has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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

 What is Solikamsk magnesium works's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Solikamsk magnesium works dividends.
If you bought RUB2,000 of Solikamsk magnesium works shares you are expected to receive RUB0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Solikamsk magnesium works's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Solikamsk magnesium works's dividend against the top 25% market benchmark as the company has not reported any payouts.
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.
Raw Data
MISX:MGNZ Annualized Past and Future Dividends
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 0 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 1.7%
Russian Federation Bottom 25% Dividend Yield 25th Percentile 3.2%
Russian Federation Top 25% Dividend Yield 75th Percentile 9.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Solikamsk magnesium works has not reported any payouts.
  • Unable to verify if Solikamsk magnesium works's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Solikamsk magnesium works's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Solikamsk magnesium works has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Solikamsk magnesium works's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Solikamsk magnesium works afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Solikamsk magnesium works has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Solikamsk magnesium works's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dmitriy Melnikov
AGE 57
TENURE AS CEO 3.8 years
CEO Bio

Dr. Dmitriy Leonodovich Melnikov has been General Director of Open joint stock company Solikamsk magnesium works since June 4, 2015. Dr. Melnikov served as Deputy Chairman of the Board and at Open joint stock company Solikamsk magnesium works and has been its Director since 2009. He served as Chief Engineer at Open joint stock company Solikamsk magnesium works from September 2005 to June 03, 2015. Dr. Melnikov studied Chemical Technology of Rare & Trace Element at Moscow Institute Of Fine Chemical Technology in 1984 and holds a Doctor of Technical Science.

CEO Compensation
  • Insufficient data for Dmitriy to compare compensation growth.
  • Insufficient data for Dmitriy to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team

Dmitriy Melnikov

TITLE
General Director & Director
AGE
57
TENURE
3.8 yrs

Elena Remeslova

TITLE
Chief Accountant

Artem Nechaev

TITLE
Director of Legal Affairs
AGE
42

Elena Shestakova

TITLE
Department Head of Economics

Dernov Aleksandr

TITLE
Deputy Chief Engineer and Head of Production & Technical Department
Board of Directors Tenure

Average tenure and age of the Solikamsk magnesium works board of directors in years:

3.1
Average Tenure
51.5
Average Age
  • The tenure for the Solikamsk magnesium works board of directors is about average.
Board of Directors

Pavel Detkov

TITLE
Chairman
AGE
58
TENURE
3.3 yrs

Dmitriy Melnikov

TITLE
General Director & Director
AGE
57
TENURE
10.3 yrs

Sergei Shalaev

TITLE
Deputy Chairman
AGE
62

Artem Nechaev

TITLE
Director of Legal Affairs
AGE
42
TENURE
4.3 yrs

Timur Starostin

TITLE
Director
AGE
43
TENURE
3.1 yrs

Tatiana Aflatonova

TITLE
Independent Director
AGE
54
TENURE
3.1 yrs

Alexei Butenko

TITLE
Director
AGE
49
TENURE
3.1 yrs

Denis Uzoykin

TITLE
Independent Director
AGE
42
TENURE
3.1 yrs

Luiza Yefimenko

TITLE
Member of Audit Commission
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (RUB) Value (RUB)
X
Management checks
We assess Solikamsk magnesium works's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Solikamsk magnesium 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

Why We’re Not Keen On Open joint stock company Solikamsk magnesium works’s (MCX:MGNZ) 5.0% Return On Capital

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

What Does Open joint stock company Solikamsk magnesium works's (MCX:MGNZ) PE Ratio Tell You?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … Open joint stock company Solikamsk magnesium works (MCX:MGNZ) trades with a trailing P/E of 29.4, which is higher than the industry average of 6. … View our latest analysis for Solikamsk magnesium works

Simply Wall St -

Want To Invest In Open joint stock company Solikamsk magnesium works (MCX:MGNZ)? Here's How It Performed Lately

In this article, I will take a look at Open joint stock company Solikamsk magnesium works's (MISX:MGNZ) most recent earnings update (31 December 2017) and compare these latest figures against its performance over the past few years, along with how the rest of MGNZ's industry performed. … View our latest analysis for Solikamsk magnesium works Was MGNZ's recent earnings decline indicative of a tough track record? … For Solikamsk magnesium works, its latest earnings (trailing twelve month) is -RUРУБ299.22M, which, against the previous year's level, has become more negative.

Simply Wall St -

Before You Buy Open joint stock company Solikamsk magnesium works's (MCX:MGNZ), Consider This

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … MGNZ’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio. … This is an interesting conclusion, since both MGNZ’s size and industry indicates the stock should have a higher beta than it currently has.

Simply Wall St -

Company Info

Description

Open joint stock company Solikamsk magnesium works manufactures and sells magnesium, chemical, and rare metals products for use in high-tech industries in Russia and internationally. The company’s magnesium products include pure and alloy magnesium metals, potash, carnallite, calcium hypochlorite solution, and fluxes. It also provides chemical products, such as calcium chloride solution, liquid chlorine, lime, and lime slurry milk, as well as calcium strontium carbonate. In addition, the company offers carbonates and oxides of rare earths; chemical concentrates, pentachlorides, and pentoxides of niobium and tantalum; and titanium sponge and tetrachloride, as well as rare earths compounds and lithium niobates. Open joint stock company Solikamsk magnesium works was founded in 1936 and is based in Solikamsk, Russia.

Details
Name: Open joint stock company Solikamsk magnesium works
MGNZ
Exchange: MISX
Founded: 1936
RUB1,206,764,160
398,272
Website: http://www.smw.ru
Address: Open joint stock company Solikamsk magnesium works
Building 9,
Pravda Street,
Solikamsk,
Permskaya obl., 618541,
Russia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
MISX MGNZ Common Shares Micex - Rts RU RUB 20. Mar 1998
Number of employees
Current staff
Staff numbers
0
Solikamsk magnesium works employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 21:26
End of day share price update: 2019/04/23 00:00
Last earnings filing: 2019/03/28
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.