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NKNC

Nizhnekamskneftekhim MISX:NKNC Stock Report

Last Price

₽79.55

Market Cap

₽142.9b

7D

0%

1Y

-38.8%

Updated

09 Aug, 2022

Data

Company Financials
NKNC fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance1/6
Financial Health3/6
Dividends3/6

NKNC Stock Overview

Public Joint Stock Company Nizhnekamskneftekhim produces and sells petrochemicals in Russia.

Nizhnekamskneftekhim Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Nizhnekamskneftekhim
Historical stock prices
Current Share Price₽79.55
52 Week High₽169.00
52 Week Low₽68.00
Beta0.20
1 Month Change0%
3 Month Change-0.56%
1 Year Change-38.81%
3 Year Change6.64%
5 Year Change55.68%
Change since IPO385.51%

Recent News & Updates

Shareholder Returns

NKNCRU ChemicalsRU Market
7D0%0%0%
1Y-38.8%57.5%-32.4%

Return vs Industry: NKNC underperformed the Russian Chemicals industry which returned 57.5% over the past year.

Return vs Market: NKNC underperformed the Russian Market which returned -32.4% over the past year.

Price Volatility

Is NKNC's price volatile compared to industry and market?
NKNC volatility
NKNC Average Weekly Movement6.7%
Chemicals Industry Average Movement4.6%
Market Average Movement5.0%
10% most volatile stocks in RU Market8.4%
10% least volatile stocks in RU Market3.0%

Stable Share Price: NKNC is not significantly more volatile than the rest of Russian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: NKNC's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1967n/aAirat Safinhttps://www.nknh.ru

Public Joint Stock Company Nizhnekamskneftekhim produces and sells petrochemicals in Russia. The company operates through Production and Sales of Petrochemicals, and Petrochemicals Trading segments. It offers plastics, glycols, rubbers, polyesters, surfactants, monomers, ethylene and propylene oxides, methyl-tert-butyl ether, resins, products of organic synthesis, gases, hydrocarbon and alpha-olefins fractions, and other products.

Nizhnekamskneftekhim Fundamentals Summary

How do Nizhnekamskneftekhim's earnings and revenue compare to its market cap?
NKNC fundamental statistics
Market Cap₽142.86b
Earnings (TTM)₽31.87b
Revenue (TTM)₽205.29b

4.6x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NKNC income statement (TTM)
Revenue₽205.29b
Cost of Revenue₽148.71b
Gross Profit₽56.58b
Other Expenses₽24.71b
Earnings₽31.87b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)17.42
Gross Margin27.56%
Net Profit Margin15.53%
Debt/Equity Ratio63.5%

How did NKNC perform over the long term?

See historical performance and comparison

Dividends

12.9%

Current Dividend Yield

59%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is NKNC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NKNC?

Other financial metrics that can be useful for relative valuation.

NKNC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.1x
Enterprise Value/EBITDA4.5x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does NKNC's PE Ratio compare to its peers?

NKNC PE Ratio vs Peers
The above table shows the PE ratio for NKNC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.8x
KZOS Kazan Organichesky sintez
6.6xn/a₽125.0b
KAZT KuibyshevAzot
3.2xn/a₽68.4b
SGZH Group of Companies Segezha
25.9x7.6%₽127.9b
RASP Raspadskaya
3.7xn/a₽198.1b
NKNC Nizhnekamskneftekhim
4.6xn/a₽142.9b

Price-To-Earnings vs Peers: NKNC is good value based on its Price-To-Earnings Ratio (4.6x) compared to the peer average (9.8x).


Price to Earnings Ratio vs Industry

How does NKNC's PE Ratio compare vs other companies in the European Chemicals Industry?

Price-To-Earnings vs Industry: NKNC is good value based on its Price-To-Earnings Ratio (4.6x) compared to the Russian Chemicals industry average (6.6x)


Price to Earnings Ratio vs Fair Ratio

What is NKNC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NKNC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NKNC's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of NKNC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NKNC (RUB79.55) is trading below our estimate of fair value (RUB102.33)

Significantly Below Fair Value: NKNC is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Nizhnekamskneftekhim 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


2.7%

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 Nizhnekamskneftekhim 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.


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  • Examine whether Nizhnekamskneftekhim 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.
  • Nizhnekamskneftekhim competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Nizhnekamskneftekhim performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


131.1%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: NKNC has a high level of non-cash earnings.

Growing Profit Margin: NKNC's current net profit margins (15.5%) are higher than last year (8.8%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if NKNC's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare NKNC's past year earnings growth to its 5-year average.

Earnings vs Industry: NKNC earnings growth over the past year (131.1%) underperformed the Chemicals industry 144.9%.


Return on Equity

High ROE: NKNC's Return on Equity (19.5%) is considered low.


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Financial Health

How is Nizhnekamskneftekhim's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: NKNC's short term assets (RUB73.8B) exceed its short term liabilities (RUB22.5B).

Long Term Liabilities: NKNC's short term assets (RUB73.8B) do not cover its long term liabilities (RUB111.8B).


Debt to Equity History and Analysis

Debt Level: NKNC's net debt to equity ratio (45.8%) is considered high.

Reducing Debt: NKNC's debt to equity ratio has increased from 0.6% to 63.5% over the past 5 years.

Debt Coverage: NKNC's debt is well covered by operating cash flow (29.7%).

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


Balance Sheet


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Dividend

What is Nizhnekamskneftekhim 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

  • Cash Flow Coverage


12.93%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: NKNC's dividend (12.93%) is higher than the bottom 25% of dividend payers in the Russian market (4.85%).

High Dividend: NKNC's dividend (12.93%) is low compared to the top 25% of dividend payers in the Russian market (13.13%).


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (59%), NKNC's dividend 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.


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Management

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

2.6yrs

Average management tenure


CEO

Airat Safin

2.5yrs

Tenure

Mr. Airat F. Safin serves as General Director, Member of the Management Board and Director at Public Joint Stock Company Nizhnekamskneftekhim since February 28, 2020. He had been Director of Ethylene Plant...


Leadership Team

Experienced Management: NKNC's management team is considered experienced (2.6 years average tenure).


Board Members

Experienced Board: NKNC's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


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.


Top Shareholders

Company Information

Public Joint Stock Company Nizhnekamskneftekhim's employee growth, exchange listings and data sources


Key Information

  • Name: Public Joint Stock Company Nizhnekamskneftekhim
  • Ticker: NKNC
  • Exchange: MISX
  • Founded: 1967
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Implied Market Cap: ₽142.860b
  • Shares outstanding: 1.83b
  • Website: https://www.nknh.ru

Number of Employees


Location

  • Public Joint Stock Company Nizhnekamskneftekhim
  • Office 129
  • 23 Sobolekovskaya Street
  • Nizhnekamsk
  • Tatarstan
  • 423574
  • Russia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/09 00:00
End of Day Share Price2022/07/08 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.