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PLZL

Polyus MISX:PLZL Stock Report

Last Price

₽8.46k

Market Cap

₽1.1t

7D

-10.3%

1Y

-40.6%

Updated

01 Jul, 2022

Data

Company Financials +
PLZL fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance5/6
Financial Health4/6
Dividends3/6

PLZL Stock Overview

Public Joint Stock Company Polyus, together with its subsidiaries, engages in the extraction, refining, and sale of gold.

Polyus Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Polyus
Historical stock prices
Current Share Price₽8,464.00
52 Week High₽16,160.00
52 Week Low₽8,362.50
Beta-0.031
1 Month Change-25.75%
3 Month Change-32.29%
1 Year Change-40.55%
3 Year Change36.52%
5 Year Change111.87%
Change since IPO453.56%

Recent News & Updates

Shareholder Returns

PLZLRU Metals and MiningRU Market
7D-10.3%-7.2%-10.6%
1Y-40.6%-32.4%-32.8%

Return vs Industry: PLZL underperformed the Russian Metals and Mining industry which returned -30.7% over the past year.

Return vs Market: PLZL underperformed the Russian Market which returned -32.2% over the past year.

Price Volatility

Is PLZL's price volatile compared to industry and market?
PLZL volatility
PLZL Average Weekly Movement5.3%
Metals and Mining Industry Average Movement5.9%
Market Average Movement6.2%
10% most volatile stocks in RU Market10.6%
10% least volatile stocks in RU Market4.1%

Stable Share Price: PLZL is not significantly more volatile than the rest of Russian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: PLZL's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2005n/aAlexey Vostokovhttps://www.polyus.com

Public Joint Stock Company Polyus, together with its subsidiaries, engages in the extraction, refining, and sale of gold. The company has primary operations in Krasnoyarsk, Irkutsk, Magadan, and Amur regions, as well as the Republic of Sakha in Russia. It also engages in the research and exploration works.

Polyus Fundamentals Summary

How do Polyus's earnings and revenue compare to its market cap?
PLZL fundamental statistics
Market CapUS$20.79b
Earnings (TTM)US$2.27b
Revenue (TTM)US$4.97b

9.2x

P/E Ratio

4.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PLZL income statement (TTM)
RevenueUS$4.97b
Cost of RevenueUS$1.24b
Gross ProfitUS$3.73b
Other ExpensesUS$1.46b
EarningsUS$2.27b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)16.77
Gross Margin75.03%
Net Profit Margin45.71%
Debt/Equity Ratio99.4%

How did PLZL perform over the long term?

See historical performance and comparison

Dividends

5.0%

Current Dividend Yield

46%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

PLZL 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/Revenue4.8x
Enterprise Value/EBITDA7x
PEG Ratio-2.5x

Price to Earnings Ratio vs Peers

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

PLZL PE Ratio vs Peers
The above table shows the PE ratio for PLZL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average5.5x
SELG Seligdar
3.9xn/a₽39.7b
GMKN Mining and Metallurgical Company Norilsk Nickel
7.3x-6.3%₽2.6t
CHMF Severstal
3.1x-23.8%₽695.3b
PHOR PhosAgro
7.8x-16.2%₽1.0t
PLZL Polyus
9.2x-3.7%₽1.1t

Price-To-Earnings vs Peers: PLZL is expensive based on its Price-To-Earnings Ratio (9.2x) compared to the peer average (5.5x).


Price to Earnings Ratio vs Industry

How does PLZL's PE Ratio compare vs other companies in the European Metals and Mining Industry?

Price-To-Earnings vs Industry: PLZL is expensive based on its Price-To-Earnings Ratio (9.2x) compared to the Russian Metals and Mining industry average (4.7x)


Price to Earnings Ratio vs Fair Ratio

What is PLZL'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.

PLZL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.2x
Fair PE Ratio8.7x

Price-To-Earnings vs Fair Ratio: PLZL is expensive based on its Price-To-Earnings Ratio (9.2x) compared to the estimated Fair Price-To-Earnings Ratio (8.7x).


Share Price vs Fair Value

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

Below Fair Value: PLZL (RUB8464) is trading above our estimate of fair value (RUB5644.61)

Significantly Below Fair Value: PLZL is trading above our estimate of fair value.


Price to Earnings Growth Ratio

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


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Future Growth

How is Polyus forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-3.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PLZL's earnings are forecast to decline over the next 3 years (-3.7% per year).

Earnings vs Market: PLZL's earnings are forecast to decline over the next 3 years (-3.7% per year).

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

Revenue vs Market: PLZL's revenue (7.7% per year) is forecast to grow faster than the Russian market (2.9% per year).

High Growth Revenue: PLZL's revenue (7.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PLZL's Return on Equity is forecast to be high in 3 years time (30.4%)


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Past Performance

How has Polyus 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


13.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PLZL has high quality earnings.

Growing Profit Margin: PLZL's current net profit margins (45.7%) are higher than last year (32%).


Past Earnings Growth Analysis

Earnings Trend: PLZL's earnings have grown by 13.2% per year over the past 5 years.

Accelerating Growth: PLZL's earnings growth over the past year (42.1%) exceeds its 5-year average (13.2% per year).

Earnings vs Industry: PLZL earnings growth over the past year (42.1%) underperformed the Metals and Mining industry 141.2%.


Return on Equity

High ROE: PLZL's Return on Equity (65.1%) is considered outstanding.


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Financial Health

How is Polyus'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: PLZL's short term assets ($2.3B) exceed its short term liabilities ($1.0B).

Long Term Liabilities: PLZL's short term assets ($2.3B) do not cover its long term liabilities ($3.5B).


Debt to Equity History and Analysis

Debt Level: PLZL's net debt to equity ratio (61%) is considered high.

Reducing Debt: PLZL had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: PLZL's debt is well covered by operating cash flow (84.4%).

Interest Coverage: PLZL's interest payments on its debt are well covered by EBIT (18.1x coverage).


Balance Sheet


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Dividend

What is Polyus's 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

  • Future Dividend Coverage


5.03%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: PLZL's dividend (5.03%) is higher than the bottom 25% of dividend payers in the Russian market (4.42%).

High Dividend: PLZL's dividend (5.03%) is low compared to the top 25% of dividend payers in the Russian market (12.07%).


Stability and Growth of Payments

Stable Dividend: PLZL has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: PLZL's dividend payments have increased, but the company has only paid a dividend for 9 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (45.9%), PLZL's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (57.9%), PLZL's 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?

3.0yrs

Average management tenure


CEO

Alexey Vostokov

0.25

Tenure

Mr. Alexey Alesksandrovich Vostokov serves as Director at Public Joint Stock Company Polyus since June 06, 2022 and serves as the Chief Executive Officer from April 12, 2022. He joined the Public Joint Sto...


Leadership Team

Experienced Management: PLZL's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: PLZL's board of directors are not considered experienced ( 0.1 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 Polyus's employee growth, exchange listings and data sources


Key Information

  • Name: Public Joint Stock Company Polyus
  • Ticker: PLZL
  • Exchange: MISX
  • Founded: 2005
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: ₽1.146t
  • Shares outstanding: 135.39m
  • Website: https://www.polyus.com

Location

  • Public Joint Stock Company Polyus
  • 3 Building 1
  • Krasina Street
  • Moscow
  • 123056
  • Russia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/01 00:00
End of Day Share Price2022/07/01 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.