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Raspadskaya

MISX:RASP
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RASP
MISX
RUB98B
Market Cap
  1. Home
  2. RU
  3. Materials
Company description

Public Joint Stock Company Raspadskaya, together with its subsidiaries, engages in the mining, processing, and trading of coking coal. The last earnings update was 28 days ago. More info.


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RASP Share Price and Events
7 Day Returns
2.9%
MISX:RASP
1.5%
RU Metals and Mining
0.2%
RU Market
1 Year Returns
54.4%
MISX:RASP
-1.2%
RU Metals and Mining
8%
RU Market
RASP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Raspadskaya (RASP) 2.9% -0.7% 6.9% 54.4% 394.3% 709.1%
RU Metals and Mining 1.5% -1.1% -3.6% -1.2% 38.8% 210%
RU Market 0.2% 1.7% 3.1% 8% 30.8% 97.1%
1 Year Return vs Industry and Market
  • RASP outperformed the Metals and Mining industry which returned -1.2% over the past year.
  • RASP outperformed the Market in Russian Federation which returned 8% over the past year.
Price Volatility
RASP
Industry
5yr Volatility vs Market

Value

 Is Raspadskaya undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Raspadskaya to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Raspadskaya.

MISX:RASP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 18.7%
Perpetual Growth Rate 10-Year RU Government Bond Rate 8.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for MISX:RASP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year RU Govt Bond Rate 8.4%
Equity Risk Premium S&P Global 9.4%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.13
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.132 (1 + (1- 20%) (0%))
1.089
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.44% + (1.089 * 9.43%)
18.71%

Discounted Cash Flow Calculation for MISX:RASP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Raspadskaya is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

MISX:RASP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 18.71%)
2019 321.00 Analyst x1 270.41
2020 351.30 Est @ 9.44% 249.30
2021 383.42 Est @ 9.14% 229.21
2022 417.66 Est @ 8.93% 210.33
2023 454.34 Est @ 8.78% 192.75
2024 493.78 Est @ 8.68% 176.47
2025 536.28 Est @ 8.61% 161.46
2026 582.18 Est @ 8.56% 147.65
2027 631.79 Est @ 8.52% 134.98
2028 685.48 Est @ 8.5% 123.37
Present value of next 10 years cash flows $1,895.95
MISX:RASP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $685.48 × (1 + 8.44%) ÷ (18.71% – 8.44%)
$7,239.93
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $7,239.93 ÷ (1 + 18.71%)10
$1,303.06
MISX:RASP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,895.95 + $1,303.06
$3,199.02
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,199.02 / 703.19
$4.55
MISX:RASP Discount to Share Price
Calculation Result
Exchange Rate USD/RUB
(Reporting currency to currency of MISX:RASP)
64.049
Value per Share
(RUB)
= Value per Share in USD x Exchange Rate (USD/RUB)
= $4.55 x 64.049
RUB291.37
Value per share (RUB) From above. RUB291.37
Current discount Discount to share price of RUB139.00
= -1 x (RUB139.00 - RUB291.37) / RUB291.37
52.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Raspadskaya is available for.
Intrinsic value
>50%
Share price is RUB139 vs Future cash flow value of RUB291.37
Current Discount Checks
For Raspadskaya to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Raspadskaya's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Raspadskaya's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Raspadskaya's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Raspadskaya's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MISX:RASP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.64
MISX:RASP Share Price ** MISX (2019-04-19) in RUB RUB139
MISX:RASP Share Price converted to USD reporting currency Exchange rate (RUB/ USD) 0.016 $2.17
Russian Federation Metals and Mining Industry PE Ratio Median Figure of 19 Publicly-Listed Metals and Mining Companies 4.54x
Russian Federation Market PE Ratio Median Figure of 129 Publicly-Listed Companies 7.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Raspadskaya.

MISX:RASP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= MISX:RASP Share Price ÷ EPS (both in USD)

= 2.17 ÷ 0.64

3.41x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Raspadskaya is good value based on earnings compared to the RU Metals and Mining industry average.
  • Raspadskaya is good value based on earnings compared to the Russian Federation market.
Price based on expected Growth
Does Raspadskaya's expected growth come at a high price?
Raw Data
MISX:RASP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.41x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-10.6%per year
Europe Metals and Mining Industry PEG Ratio Median Figure of 61 Publicly-Listed Metals and Mining Companies 0.64x
Russian Federation Market PEG Ratio Median Figure of 33 Publicly-Listed Companies 0.51x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Raspadskaya, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Raspadskaya's assets?
Raw Data
MISX:RASP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $1.35
MISX:RASP Share Price * MISX (2019-04-19) in RUB RUB139
MISX:RASP Share Price converted to USD reporting currency Exchange rate (RUB/ USD) 0.016 $2.17
Russian Federation Metals and Mining Industry PB Ratio Median Figure of 20 Publicly-Listed Metals and Mining Companies 0.41x
Russian Federation Market PB Ratio Median Figure of 149 Publicly-Listed Companies 0.82x
MISX:RASP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= MISX:RASP Share Price ÷ Book Value per Share (both in USD)

= 2.17 ÷ 1.35

1.61x

* Primary Listing of Raspadskaya.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Raspadskaya is overvalued based on assets compared to the RU Metals and Mining industry average.
X
Value checks
We assess Raspadskaya's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Raspadskaya has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

  • No analysts cover Raspadskaya, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-10.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Raspadskaya expected to grow at an attractive rate?
  • Raspadskaya's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 8.4%.
Growth vs Market Checks
  • Raspadskaya's earnings are expected to decrease over the next 1-3 years, this is below the Russian Federation market average.
  • Unable to compare Raspadskaya's revenue growth to the Russian Federation market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
MISX:RASP Future Growth Rates Data Sources
Data Point Source Value (per year)
MISX:RASP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -10.6%
Russian Federation Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average -1.8%
Europe Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
Russian Federation Market Earnings Growth Rate Market Cap Weighted Average 3.8%
Russian Federation Market Revenue Growth Rate Market Cap Weighted Average 4.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
MISX:RASP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MISX:RASP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2019-12-31 1,160 1
MISX:RASP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 1,085 358 448
2018-09-30 1,028 367 412
2018-06-30 971 375 376
2018-03-31 920 393 348
2017-12-31 868 410 319
2017-09-30 808 381 312
2017-06-30 748 351 304
2017-03-31 625 261 245
2016-12-31 502 171 185
2016-09-30 443 130 58
2016-06-30 384 89 -69
2016-03-31 402 97 -98

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Raspadskaya's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Raspadskaya is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
MISX:RASP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Raspadskaya Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:RASP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2019-12-31
MISX:RASP Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.64
2018-09-30 0.59
2018-06-30 0.53
2018-03-31 0.49
2017-12-31 0.45
2017-09-30 0.44
2017-06-30 0.43
2017-03-31 0.35
2016-12-31 0.26
2016-09-30 0.08
2016-06-30 -0.10
2016-03-31 -0.14

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Raspadskaya will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Raspadskaya's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Russian Federation market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Raspadskaya has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Raspadskaya performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Raspadskaya's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Raspadskaya has delivered over 20% year on year earnings growth in the past 5 years.
  • Raspadskaya's 1-year earnings growth is less than its 5-year average (40.4% vs 65.6%)
  • Raspadskaya's earnings growth has exceeded the RU Metals and Mining industry average in the past year (40.4% vs -2.7%).
Earnings and Revenue History
Raspadskaya's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Raspadskaya Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:RASP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,085.00 448.00 62.00
2018-09-30 1,028.00 412.00 54.00
2018-06-30 971.00 376.00 46.00
2018-03-31 919.50 347.50 47.00
2017-12-31 868.00 319.00 48.00
2017-09-30 808.00 311.50 48.00
2017-06-30 748.00 304.00 48.00
2017-03-31 625.00 244.50 43.00
2016-12-31 502.00 185.00 38.00
2016-09-30 443.00 58.00 38.50
2016-06-30 384.00 -69.00 39.00
2016-03-31 401.50 -97.50 42.50
2015-12-31 419.00 -126.00 46.00
2015-09-30 422.59 -186.17 48.39
2015-06-30 426.19 -246.35 50.77
2015-03-31 434.59 -276.17 58.89
2014-12-31 443.00 -306.00 67.00
2014-09-30 466.12 -216.15 86.14
2014-06-30 489.24 -126.31 105.27
2014-03-31 517.33 -126.45 111.33
2013-12-31 545.43 -126.59 117.38
2013-09-30 552.17 -102.79 110.67
2013-06-30 558.92 -78.99 103.96
2013-03-31 551.01 -54.24 91.49
2012-12-31 543.09 -29.48 79.03
2012-09-30 588.46 -5.75 68.59
2012-06-30 633.83 17.98 58.16

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Raspadskaya made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Raspadskaya used its assets more efficiently than the RU Metals and Mining industry average last year based on Return on Assets.
  • Raspadskaya has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Raspadskaya's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Raspadskaya has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Raspadskaya's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Raspadskaya's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Raspadskaya is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Raspadskaya's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Raspadskaya's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Raspadskaya has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Raspadskaya Company Filings, last reported 3 months ago.

MISX:RASP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 952.00 0.00 67.00
2018-09-30 952.00 0.00 67.00
2018-06-30 819.00 0.00 155.00
2018-03-31 819.00 0.00 155.00
2017-12-31 662.00 38.00 45.00
2017-09-30 662.00 38.00 45.00
2017-06-30 497.00 216.00 49.00
2017-03-31 497.00 216.00 49.00
2016-12-31 323.00 434.00 35.00
2016-09-30 323.00 434.00 35.00
2016-06-30 170.00 471.00 27.00
2016-03-31 170.00 471.00 27.00
2015-12-31 102.00 489.00 48.00
2015-09-30 102.00 489.00 48.00
2015-06-30 277.86 486.28 15.50
2015-03-31 277.86 486.28 15.50
2014-12-31 284.00 500.00 27.00
2014-09-30 284.00 500.00 27.00
2014-06-30 791.84 499.17 8.51
2014-03-31 791.84 499.17 8.51
2013-12-31 886.09 504.47 5.66
2013-09-30 886.09 504.47 5.66
2013-06-30 929.66 553.28 100.04
2013-03-31 929.66 553.28 100.04
2012-12-31 1,070.60 553.68 120.42
2012-09-30 1,070.60 553.68 120.42
2012-06-30 1,026.73 554.33 148.29
  • Raspadskaya has no debt.
  • Raspadskaya has no debt compared to 5 years ago when it was 57%.
  • Raspadskaya has no debt, it does not need to be covered by operating cash flow.
  • Raspadskaya has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Raspadskaya's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Raspadskaya has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Raspadskaya dividends.
If you bought RUB2,000 of Raspadskaya shares you are expected to receive RUB0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Raspadskaya's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Raspadskaya's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
MISX:RASP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Europe Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 65 Stocks 5.7%
Russian Federation Market Average Dividend Yield Market Cap Weighted Average of 75 Stocks 6.8%
Russian Federation Minimum Threshold Dividend Yield 10th Percentile 1.8%
Russian Federation Bottom 25% Dividend Yield 25th Percentile 3.2%
Russian Federation Top 25% Dividend Yield 75th Percentile 9.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

MISX:RASP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2019-12-31
MISX:RASP Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2013-08-21 0.000 0.000
2013-03-29 0.000 0.000
2012-09-21 0.000 0.000
2012-03-29 0.000 0.000
2011-09-27 0.340 10.223
2011-08-26 0.309 7.948
2011-04-14 0.000 0.000
2010-03-01 0.170 2.987
2010-02-10 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Raspadskaya has not reported any payouts.
  • Unable to verify if Raspadskaya's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Raspadskaya's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Raspadskaya has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Raspadskaya's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Raspadskaya afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Raspadskaya has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sergey Stepanov
AGE 41
TENURE AS CEO 4.8 years
CEO Bio

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 Operating Officer of Nordgold (previously part of “Severstal”, before Nordgold separated into an independent company). Mr. Stepanov was responsible for the operating activities of gold mining enterprises in Russia, Kazahstan, Guinea and Burkina Faso at Nordgold. Mr. Stepanov joined EVRAZ in November 2012. He served as Head of the Coal Division at Nordgold. Mr. Stepanov served as the Chief Operating Officer of “Vorkutaugol”, and served senior positions in “Severstal-resource” and SUAL-holding. Mr. Stepanov has an experience of working in Ukraine at the position of the Director of coal’s mining and treatment in DTEK. From 2003 to 2005, he served as a consultant in the Boston Consulting Group. He has been Director of OAO Raspadskaya since November 2012. He has been a Director of ZAO Raspadskaya Coal Co since May 27, 2013. Mr. Stepanov is graduated from the Lomonosov Moscow State University with a Master’s diploma with honors in Finance and a Bachelor’s diploma with honors in Economics.

CEO Compensation
  • Insufficient data for Sergey to compare compensation growth.
  • Insufficient data for Sergey to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team

Sergey Stepanov

TITLE
Chief Executive Officer
AGE
41
TENURE
4.8 yrs

Natalia Ardatova

TITLE
Chief Financial Officer

Kirill Vinokurov

TITLE
Investor Relations Officer

Vladislav Valtz

TITLE
Deputy Chief Engineer
Board of Directors Tenure

Average tenure and age of the Raspadskaya board of directors in years:

5.9
Average Tenure
46
Average Age
  • The tenure for the Raspadskaya board of directors is about average.
Board of Directors

Terry Robinson

TITLE
Chairman of the Board
AGE
74
TENURE
5.9 yrs

Sergey Stepanov

TITLE
Chief Executive Officer
AGE
41
TENURE
5.9 yrs

Olga Pokrovskaya

TITLE
Director
AGE
49
TENURE
3.9 yrs

Alexander Frolov

TITLE
Director
AGE
54
TENURE
14.8 yrs

Ilya Lifshits

TITLE
Director
AGE
46
TENURE
12.6 yrs

Eric Hugh Stoyell

TITLE
Director
AGE
74
TENURE
5.9 yrs

Aleksey Ivanov

TITLE
Director
AGE
43
TENURE
1.9 yrs

Nikolay Ivanov

TITLE
Director
AGE
46
TENURE
1.8 yrs

Alexander Kuznetsov

TITLE
Director
AGE
40
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (RUB) Value (RUB)
X
Management checks
We assess Raspadskaya's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Raspadskaya has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Why We Like Public Joint Stock Company Raspadskaya’s (MCX:RASP) 53% Return On Capital Employed

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Is Public Joint Stock Company Raspadskaya's (MCX:RASP) ROE Of 46% Impressive?

We'll use ROE to examine Public Joint Stock Company Raspadskaya (MCX:RASP), by way of a worked example. … That means that for every RUB1 worth of shareholders' equity, it generated RUB0.46 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Does Public Joint Stock Company Raspadskaya's (MCX:RASP) P/E Ratio Signal A Buying Opportunity?

How Do I Calculate Raspadskaya's Price To Earnings Ratio … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS) … P/E of 3.58 = $1.92 (Note: this is the share price in the reporting currency, namely, USD ) ÷ $0.53

Simply Wall St -

What Investors Should Know About Public Joint Stock Company Raspadskaya's (MCX:RASP) Financial Strength

The direct benefit for Public Joint Stock Company Raspadskaya (MCX:RASP), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … However, the trade-off is RASP will have to adhere to stricter debt covenants and have less financial flexibility. … Is RASP right in choosing financial flexibility over lower cost of capital.

Simply Wall St -

Is Public Joint Stock Company Raspadskaya (MCX:RASP) Attractive At This PE Ratio?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … Public Joint Stock Company Raspadskaya (MCX:RASP) is currently trading at a trailing P/E of 2.8, which is lower than the industry average of 6. … While this makes RASP appear like a good stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio.

Simply Wall St -

Is Public Joint Stock Company Raspadskaya (MISX:RASP) Potentially Underrated?

Public Joint Stock Company Raspadskaya (MISX:RASP) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … company with a

Simply Wall St -

How Does Public Joint Stock Company Raspadskaya's (MCX:RASP) Earnings Growth Stack Up Against Industry Performance?

Check out our latest analysis for Raspadskaya How Well Did RASP Perform? … I like to use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … Since these values are relatively short-term, I’ve calculated an annualized five-year figure for Raspadskaya's earnings, which stands at -US$10.46M This means that, on average, Raspadskaya has been able to gradually raise its net income over the past few years as well.

Simply Wall St -

Should You Buy Public Joint Stock Company Raspadskaya (MCX:RASP) At This PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for RASP Price per share = $1.47 Earnings per share = $0.454 ∴ Price-Earnings Ratio = $1.47 ÷ $0.454 = 3.2x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you inadvertently compared lower risk firms with RASP, then investors would naturally value RASP at a lower price since it is a riskier investment. … Similarly, if you accidentally compared higher growth firms with RASP, investors would also value RASP at a lower price since it is a lower growth investment.

Simply Wall St -

Can Public Joint Stock Company Raspadskaya's (MCX:RASP) ROE Continue To Surpass The Industry Average?

See our latest analysis for Raspadskaya Breaking down Return on Equity Return on Equity (ROE) weighs Raspadskaya’s profit against the level of its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is assessed against cost of equity, which is measured using the Capital Asset Pricing Model (CAPM) – but let’s not dive into the details of that today. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity MISX:RASP Last Perf Apr 10th 18 The first component is profit margin, which measures how much of sales is retained after the company pays for all its expenses.

Simply Wall St -

Should You Have Public Joint Stock Company Raspadskaya's (MCX:RASP) In Your Portfolio?

Generally, an investor should consider two types of risk that impact the market value of RASP. … Every stock in the market is exposed to this risk, which arises from macroeconomic factors such as economic growth and geo-political tussles just to name a few. … Based on this beta value, RASP appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market.

Simply Wall St -

Company Info

Description

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.

Details
Name: Public Joint Stock Company Raspadskaya
RASP
Exchange: MISX
Founded: 1973
RUB97,743,610,577
703,191,443
Website: http://www.raspadskaya.com
Address: Public Joint Stock Company Raspadskaya
106, Mira street,
Mezhdurechensk,
Kemerovskaya obl., Russia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
MISX RASP Ordinary Shares Micex - Rts RU RUB 10. Nov 2006
Number of employees
Current staff
Staff numbers
0
Raspadskaya employees.
Industry
Steel
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 21:21
End of day share price update: 2019/04/19 00:00
Last estimates confirmation: 2019/04/11
Last earnings filing: 2019/03/22
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.