MISX:RASP

Stock Analysis Report

Executive Summary

Public Joint Stock Company Raspadskaya, together with its subsidiaries, engages in the mining, processing, and trading of coking coal.


Snowflake Analysis

Flawless balance sheet and good value.


Similar Companies

Share Price & News

How has Raspadskaya's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: RASP has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

6.6%

RASP

18.6%

RU Metals and Mining

6.1%

RU Market


1 Year Return

-26.3%

RASP

18.2%

RU Metals and Mining

-5.9%

RU Market

Return vs Industry: RASP underperformed the Russian Metals and Mining industry which returned 18.2% over the past year.

Return vs Market: RASP underperformed the Russian Market which returned -5.9% over the past year.


Shareholder returns

RASPIndustryMarket
7 Day6.6%18.6%6.1%
30 Day1.2%8.2%-14.2%
90 Day-9.5%11.0%-21.7%
1 Year-24.7%-26.3%28.6%18.2%0.6%-5.9%
3 Year40.5%37.5%65.4%28.9%32.7%11.9%
5 Year134.0%129.0%254.0%152.7%85.4%44.9%

Price Volatility Vs. Market

How volatile is Raspadskaya's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RASP (RUB96.44) is trading below our estimate of fair value (RUB363.45)

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


Price To Earnings Ratio

PE vs Industry: RASP is good value based on its PE Ratio (4x) compared to the Metals and Mining industry average (6.2x).

PE vs Market: RASP is good value based on its PE Ratio (4x) compared to the Russian market (7.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate RASP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RASP is overvalued based on its PB Ratio (0.7x) compared to the RU Metals and Mining industry average (0.6x).


Next Steps

Future Growth

How is Raspadskaya forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

10.8%

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 Raspadskaya 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.


Next Steps

Past Performance

How has Raspadskaya performed over the past 5 years?

56.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RASP has high quality earnings.

Growing Profit Margin: RASP's current net profit margins (20.9%) are lower than last year (41.3%).


Past Earnings Growth Analysis

Earnings Trend: RASP has become profitable over the past 5 years, growing earnings by 56% per year.

Accelerating Growth: RASP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: RASP had negative earnings growth (-53.6%) over the past year, making it difficult to compare to the Metals and Mining industry average (22.7%).


Return on Equity

High ROE: RASP's Return on Equity (17.2%) is considered low.


Next Steps

Financial Health

How is Raspadskaya's financial position?


Financial Position Analysis

Short Term Liabilities: RASP's short term assets ($1.1B) exceed its short term liabilities ($327.0M).

Long Term Liabilities: RASP's short term assets ($1.1B) exceed its long term liabilities ($94.0M).


Debt to Equity History and Analysis

Debt Level: RASP is debt free.

Reducing Debt: RASP has no debt compared to 5 years ago when its debt to equity ratio was 176%.

Debt Coverage: RASP has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: RASP has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: RASP has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if RASP's debt is covered by short term assets.


Next Steps

Dividend

What is Raspadskaya's current dividend yield, its reliability and sustainability?

6.63%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: RASP's dividend (6.63%) is higher than the bottom 25% of dividend payers in the Russian market (4.12%).

High Dividend: RASP's dividend (6.63%) is low compared to the top 25% of dividend payers in the Russian market (10%).


Stability and Growth of Payments

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

Growing Dividend: RASP's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (26.6%), RASP'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.


Next Steps

Management

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

5.8yrs

Average board tenure


CEO

Sergey Stepanov (42yo)

5.67s

Tenure

Mr. Sergey Stepanov has been the General Director of OAO Raspadskayasince July 1, 2015 and serves as its Vice President of Evraz and Head of the Coal Division since 2012. Mr. Stepanov served as the Chief O ...


Board Members

NamePositionTenureCompensationOwnership
Sergey Stepanov
Chief Executive Officer5.67yrsno datano data
Olga Pokrovskaya
Independent Director4.83yrsno datano data
Eric Hugh Stoyell
Independent Director6.83yrsno datano data
Alexander Frolov
Director15.75yrsno datano data
Ilya Lifshits
Director13.5yrsno datano data
Alexander Kuznetsov
Director2.83yrsno datano data
Aleksey Ivanov
Director2.83yrsno datano data
Nikolay Ivanov
Director2.67yrsno datano data

5.8yrs

Average Tenure

47yo

Average Age

Experienced Board: RASP's board of directors are considered experienced (5.8 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 Raspadskaya's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Public Joint Stock Company Raspadskaya
  • Ticker: RASP
  • Exchange: MISX
  • Founded: 1973
  • Industry: Steel
  • Sector: Materials
  • Market Cap: ₽65.855b
  • Shares outstanding: 682.86m
  • Website: https://www.raspadskaya.com

Number of Employees


Location

  • Public Joint Stock Company Raspadskaya
  • 106, Mira street
  • Mezhdurechensk
  • Kemerovskaya obl.
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RASPMISX (Micex - Rts)YesOrdinary SharesRURUBNov 2006

Biography

Public Joint Stock Company Raspadskaya, together with its subsidiaries, engages in the mining, processing, and trading of coking coal. The company’s holds various coal assets located in the Kemerovo region, Russia. Its principal asset is the Raspadskaya Mine. It supplies its products to the smelters in Russia, as well as exports to Ukraine, Romania, Hungary, and Bulgaria. The company was founded in 1973 and is based in Mezhdurechensk, Russia. Public Joint Stock Company Raspadskaya is a subsidiary of Evraz Group S.A. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/30 22:02
End of Day Share Price2020/03/30 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.