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.
Flawless balance sheet and undervalued.
Share Price & News
How has Solikamsk magnesium works's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MGNZ's share price has been volatile over the past 3 months.
7 Day Return
RU Metals and Mining
1 Year Return
RU Metals and Mining
Return vs Industry: MGNZ underperformed the Russian Metals and Mining industry which returned 26.5% over the past year.
Return vs Market: MGNZ exceeded the Russian Market which returned 1.3% over the past year.
Price Volatility Vs. Market
How volatile is Solikamsk magnesium works's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall StCould The Open joint stock company Solikamsk magnesium works (MCX:MGNZ) Ownership Structure Tell Us Something Useful?
1 month ago | Simply Wall StHere's Why Solikamsk magnesium works (MCX:MGNZ) Can Manage Its Debt Responsibly
Is Solikamsk magnesium works undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MGNZ (RUB4060) is trading below our estimate of fair value (RUB7794.68)
Significantly Below Fair Value: MGNZ is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MGNZ is good value based on its PE Ratio (6.7x) compared to the Metals and Mining industry average (6.7x).
PE vs Market: MGNZ is good value based on its PE Ratio (6.7x) compared to the Russian market (8.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MGNZ's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MGNZ is good value based on its PB Ratio (0.5x) compared to the RU Metals and Mining industry average (0.7x).
How is Solikamsk magnesium works forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Solikamsk magnesium works 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.
- Examine whether Solikamsk magnesium works is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Solikamsk magnesium works competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Solikamsk magnesium works performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MGNZ has high quality earnings.
Growing Profit Margin: MGNZ's current net profit margins (2.9%) are lower than last year (3.7%).
Past Earnings Growth Analysis
Earnings Trend: MGNZ has become profitable over the past 5 years, growing earnings by -11.8% per year.
Accelerating Growth: MGNZ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MGNZ had negative earnings growth (-9.8%) over the past year, making it difficult to compare to the Metals and Mining industry average (32.2%).
Return on Equity
High ROE: MGNZ's Return on Equity (7.6%) is considered low.
How is Solikamsk magnesium works's financial position?
Financial Position Analysis
Short Term Liabilities: MGNZ's short term assets (RUB2.3B) exceed its short term liabilities (RUB575.2M).
Long Term Liabilities: MGNZ's short term assets (RUB2.3B) exceed its long term liabilities (RUB1.1B).
Debt to Equity History and Analysis
Debt Level: MGNZ's debt to equity ratio (9%) is considered satisfactory.
Reducing Debt: MGNZ's debt to equity ratio has reduced from 24% to 9% over the past 5 years.
Debt Coverage: MGNZ's debt is well covered by operating cash flow (155.1%).
Interest Coverage: MGNZ earns more interest than it pays, so coverage of interest payments is not a concern.
What is Solikamsk magnesium works's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MGNZ's dividend (3.69%) is higher than the bottom 25% of dividend payers in the Russian market (3.6%).
High Dividend: MGNZ's dividend (3.69%) is low compared to the top 25% of dividend payers in the Russian market (9.01%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether MGNZ's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if MGNZ's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (24.6%), MGNZ's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Dmitriy Melnikov (58yo)
Dr. Dmitriy Leonodovich Melnikov has been General Director of Open joint stock company Solikamsk magnesium works since June 1, 2019. Dr. Melnikov served as Deputy Chairman of the Board and at Open joint st ...
|Director of Legal Affairs||5.42yrs||no data||no data|
|Director||4.25yrs||no data||25% RUB405.3m|
|Member of Audit Commission||no data||no data||no data|
|Deputy Chairman||no data||no data||0.0010% RUB16.2k|
|Independent Chairman||4.5yrs||no data||0.16% RUB2.6m|
|Independent Director||4.25yrs||no data||no data|
|Director||4.25yrs||no data||no data|
|Independent Director||no data||no data||no data|
|Independent Director||no data||no data||no data|
Experienced Board: MGNZ's board of directors are considered experienced (4.3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Open joint stock company Solikamsk magnesium works's company bio, employee growth, exchange listings and data sources
- Name: Open joint stock company Solikamsk magnesium works
- Ticker: MGNZ
- Exchange: MISX
- Founded: 1936
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: ₽1.621b
- Shares outstanding: 398.27k
- Website: https://www.smw.ru
- Open joint stock company Solikamsk magnesium works
- Building 9
- Pravda Street
- Permskaya obl.
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MGNZ||MISX (Micex - Rts)||Yes||Common Shares||RU||RUB||Mar 1998|
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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/03 09:54|
|End of Day Share Price||2020/06/02 00:00|
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.