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PHOR

PhosAgro MISX:PHOR Stock Report

Last Price

₽7.45k

Market Cap

₽964.8b

7D

-3.7%

1Y

63.5%

Updated

22 May, 2022

Data

Company Financials +
PHOR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health4/6
Dividends4/6

PHOR Stock Overview

Public Joint-Stock Company PhosAgro, together with its subsidiaries, engages in the production and distribution of apatite concentrate and mineral fertilizers in Russia and internationally.

PhosAgro Competitors

Price History & Performance

Summary of all time highs, changes and price drops for PhosAgro
Historical stock prices
Current Share Price₽7,450.00
52 Week High₽10,097.00
52 Week Low₽3,700.00
Beta0.061
1 Month Change6.43%
3 Month Change34.72%
1 Year Change63.49%
3 Year Change214.08%
5 Year Change216.35%
Change since IPO533.57%

Recent News & Updates

Shareholder Returns

PHORRU ChemicalsRU Market
7D-3.7%-2.1%2.7%
1Y63.5%70.4%-22.6%

Return vs Industry: PHOR underperformed the Russian Chemicals industry which returned 70.4% over the past year.

Return vs Market: PHOR exceeded the Russian Market which returned -22.6% over the past year.

Price Volatility

Is PHOR's price volatile compared to industry and market?
PHOR volatility
PHOR Average Weekly Movement15.4%
Chemicals Industry Average Movement12.7%
Market Average Movement11.6%
10% most volatile stocks in RU Market18.7%
10% least volatile stocks in RU Market7.0%

Stable Share Price: PHOR is not significantly more volatile than the rest of Russian stocks over the past 3 months, typically moving +/- 15% a week.

Volatility Over Time: PHOR's weekly volatility has increased from 8% to 15% over the past year, but is still lower than 75% of Russian stocks.

About the Company

FoundedEmployeesCEOWebsite
2001n/aMikhail Rybnikovhttps://www.phosagro.com

Public Joint-Stock Company PhosAgro, together with its subsidiaries, engages in the production and distribution of apatite concentrate and mineral fertilizers in Russia and internationally. It operates in two segments, Phosphate-Based Products and Nitrogen-Based Products. The Phosphate-Based Products segment produces and distributes ammophos, diammoniumphosphate, sodium tripolyphosphate, and other phosphate based and complex fertilizers; and apatite concentrate extracted from the apatite-nepheline ore.

PhosAgro Fundamentals Summary

How do PhosAgro's earnings and revenue compare to its market cap?
PHOR fundamental statistics
Market Cap₽964.78b
Earnings (TTM)₽129.70b
Revenue (TTM)₽420.49b

7.4x

P/E Ratio

2.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PHOR income statement (TTM)
Revenue₽420.49b
Cost of Revenue₽219.18b
Gross Profit₽201.31b
Other Expenses₽71.61b
Earnings₽129.70b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.00k
Gross Margin47.88%
Net Profit Margin30.84%
Debt/Equity Ratio103.1%

How did PHOR perform over the long term?

See historical performance and comparison

Dividends

11.9%

Current Dividend Yield

88%

Payout Ratio

Does PHOR pay a reliable dividends?

See PHOR dividend history and benchmarks
When do you need to buy PHOR by to receive an upcoming dividend?
PhosAgro dividend dates
Ex Dividend DateJul 08 2022
Dividend Pay DateJul 12 2022
Days until Ex dividend45 days
Days until Dividend pay date49 days

Does PHOR pay a reliable dividends?

See PHOR dividend history and benchmarks

Valuation

Is PhosAgro undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


41.5%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: PHOR (RUB7450) is trading below our estimate of fair value (RUB12730.63)

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


Price To Earnings Ratio

PE vs Industry: PHOR's PE Ratio (7.4x) is in line with the Russian Chemicals industry average.

PE vs Market: PHOR is poor value based on its PE Ratio (7.4x) compared to the Russian market (6.8x).


Price to Earnings Growth Ratio

PEG Ratio: PHOR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: PHOR is overvalued based on its PB Ratio (5.9x) compared to the RU Chemicals industry average (1.8x).


Future Growth

How is PhosAgro forecast to perform in the next 1 to 3 years based on estimates from 3 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


-16.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PHOR's earnings are forecast to decline over the next 3 years (-16.2% per year).

Earnings vs Market: PHOR's earnings are forecast to decline over the next 3 years (-16.2% per year).

High Growth Earnings: PHOR's earnings are forecast to decline over the next 3 years.

Revenue vs Market: PHOR's revenue is expected to decline over the next 3 years (-8.1% per year).

High Growth Revenue: PHOR's revenue is forecast to decline over the next 3 years (-8.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PHOR's Return on Equity is forecast to be low in 3 years time (15%).


Past Performance

How has PhosAgro performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


17.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PHOR has high quality earnings.

Growing Profit Margin: PHOR's current net profit margins (30.8%) are higher than last year (6.7%).


Past Earnings Growth Analysis

Earnings Trend: PHOR's earnings have grown by 17.7% per year over the past 5 years.

Accelerating Growth: PHOR's earnings growth over the past year (666%) exceeds its 5-year average (17.7% per year).

Earnings vs Industry: PHOR earnings growth over the past year (666%) exceeded the Chemicals industry 53.1%.


Return on Equity

High ROE: Whilst PHOR's Return on Equity (78.76%) is outstanding, this metric is skewed due to their high level of debt.


Financial Health

How is PhosAgro's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PHOR's short term assets (RUB127.2B) exceed its short term liabilities (RUB66.4B).

Long Term Liabilities: PHOR's short term assets (RUB127.2B) do not cover its long term liabilities (RUB174.4B).


Debt to Equity History and Analysis

Debt Level: PHOR's net debt to equity ratio (89.9%) is considered high.

Reducing Debt: PHOR's debt to equity ratio has reduced from 123.1% to 103.1% over the past 5 years.

Debt Coverage: PHOR's debt is well covered by operating cash flow (74.3%).

Interest Coverage: PHOR's interest payments on its debt are well covered by EBIT (44.9x coverage).


Balance Sheet


Dividend

What is PhosAgro current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


11.88%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 23 2022Ex Dividend DateJul 08 2022Dividend Pay DateJul 12 20224 days from Ex DividendBuy in the next 45 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: PHOR's dividend (11.88%) is higher than the bottom 25% of dividend payers in the Russian market (3.8%).

High Dividend: PHOR's dividend (11.88%) is in the top 25% of dividend payers in the Russian market (11.02%)


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (88.4%), PHOR's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (148.6%), PHOR's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

3.3yrs

Average management tenure


CEO

Mikhail Rybnikov (46 yo)

0.17

Tenure

Mr. Mikhail Konstantinovich Rybnikov has been Chief Executive Officer for Public Joint-Stock Company PhosAgro since March 11, 2022. Mr. Rybnikov has been the Chairman of Management Board at PJSC PhosAgro s...


Leadership Team

Experienced Management: PHOR's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: PHOR's board of directors are considered experienced (6.8 years average tenure).


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 PhosAgro's employee growth, exchange listings and data sources


Key Information

  • Name: Public Joint-Stock Company PhosAgro
  • Ticker: PHOR
  • Exchange: MISX
  • Founded: 2001
  • Industry: Fertilizers and Agricultural Chemicals
  • Sector: Materials
  • Implied Market Cap: ₽964.775b
  • Shares outstanding: 129.50m
  • Website: https://www.phosagro.com

Location

  • Public Joint-Stock Company PhosAgro
  • Building 1
  • 55/1, Leninsky prospekt
  • Moscow
  • 119333
  • Russia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/22 00:00
End of Day Share Price2022/05/20 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.