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

Fundamentals

Flawless balance sheet and fair 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


Market Performance


7 Day Return

1.4%

RASP

1.2%

RU Metals and Mining

1.5%

RU Market


1 Year Return

-1.6%

RASP

3.7%

RU Metals and Mining

16.2%

RU Market

Return vs Industry: RASP underperformed the Russian Metals and Mining industry which returned 3.7% over the past year.

Return vs Market: RASP underperformed the Russian Market which returned 16.2% over the past year.


Shareholder returns

RASPIndustryMarket
7 Day1.4%1.2%1.5%
30 Day-4.7%-4.5%-0.3%
90 Day-15.0%-1.3%4.2%
1 Year0.5%-1.6%13.4%3.7%24.6%16.2%
3 Year76.4%72.6%51.4%18.7%66.9%40.9%
5 Year656.4%640.4%435.8%279.3%164.7%107.9%

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?

25.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RASP (RUB118.1) is trading below our estimate of fair value (RUB158.17)

Significantly Below Fair Value: RASP is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: RASP is good value based on its PE Ratio (3x) compared to the Metals and Mining industry average (4.5x).

PE vs Market: RASP is good value based on its PE Ratio (3x) compared to the Russian market (6.6x).


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 (1x) compared to the RU Metals and Mining industry average (0.5x).


Next Steps

Future Growth

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

1.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RASP's forecast earnings growth (1% per year) is below the savings rate (8.4%).

Earnings vs Market: RASP's earnings (1% per year) are forecast to grow slower than the Russian market (4.7% per year).

High Growth Earnings: RASP's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if RASP's revenue is forecast to grow faster than the Russian market.

High Growth Revenue: Insufficient data to determine if RASP's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if RASP's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Raspadskaya performed over the past 5 years?

64.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: RASP has become profitable over the past 5 years, growing earnings by 64.5% per year.

Accelerating Growth: RASP's earnings growth over the past year (15.4%) is below its 5-year average (64.5% per year).

Earnings vs Industry: RASP earnings growth over the past year (15.4%) underperformed the Metals and Mining industry 16.9%.


Return on Equity

High ROE: RASP's Return on Equity (35.5%) is considered high.


Return on Assets

ROA vs Industry: RASP has a higher Return on Assets than the Metals and Mining industry average last year.


Return on Capital Employed

ROCE Improving: RASP's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Raspadskaya's financial position?


Financial Position Analysis

Short Term Liabilities: RASP's short term assets ($1.2B) exceeds its short term liabilities ($581.0M)

Long Term Liabilities: RASP's short term assets (1.2B) exceeds its long term liabilities (74.0M)


Debt to Equity History and Analysis

Debt Level: RASP's debt to equity ratio (20.1%) is considered satisfactory

Reducing Debt: RASP's debt to equity ratio has reduced from 63.5% to 20.1% over the past 5 years.

Debt Coverage: RASP's debt is well covered by operating cash flow (187.4%).

Interest Coverage: RASP earns more interest than it pays, so 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: RASP's debt is covered by short term assets (assets are 4.686990x debt).


Next Steps

Dividend

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

4.32%

Current Dividend Yield


Dividend Yield vs Market

company4.3%marketbottom25%3.2%markettop25%8.6%industryaverage8.4%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: RASP's dividend (4.32%) is higher than the bottom 25% of dividend payers in the Russian market (3.24%).

High Dividend: RASP's dividend (4.32%) is low compared to the top 25% of dividend payers in the Russian market (8.62%).

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 low payout ratio (6.5%), RASP's dividend payments are thoroughly 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

What is the CEO of Raspadskaya's salary, the management and board of directors tenure and is there insider trading?

5.4yrs

Average board tenure


CEO

Sergey Stepanov (42yo)

5.3yrs

Tenure

0

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 Age and Tenure

5.4yrs

Average Tenure

47yo

Average Age

Experienced Board: RASP's board of directors are considered experienced (5.4 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Vladislav Valtz

    Deputy Chief Engineer

    • Tenure: 0yrs
  • Sergey Stepanov (42yo)

    Chief Executive Officer

    • Tenure: 5.3yrs
  • Natalia Ardatova

    Chief Financial Officer

    • Tenure: 0yrs
  • Kirill Vinokurov

    Investor Relations Officer

    • Tenure: 0yrs

Board Members

  • Olga Pokrovskaya (50yo)

    Director

    • Tenure: 4.4yrs
  • Eric Hugh Stoyell (75yo)

    Director

    • Tenure: 6.4yrs
  • Alexander Frolov (55yo)

    Director

    • Tenure: 15.3yrs
  • Ilya Lifshits (47yo)

    Director

    • Tenure: 13.1yrs
  • Alexander Kuznetsov (41yo)

    Director

    • Tenure: 2.4yrs
  • Aleksey Ivanov (44yo)

    Director

    • Tenure: 2.4yrs
  • Sergey Stepanov (42yo)

    Chief Executive Officer

    • Tenure: 5.3yrs
  • Nikolay Ivanov (47yo)

    Director

    • Tenure: 2.3yrs

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: ₽80.636b
  • Shares outstanding: 682.78m
  • 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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 21:09
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.