Seligdar (MISX:SELG) - Share price, News & Analysis

SELG fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	3/6
Financial Health	4/6
Dividends	4/6

SELG Stock Overview

Public Joint-Stock Company Seligdar engages in the exploration and development of gold and tin deposits in Russia.

Rewards

Trading at 92.1% below our estimate of its fair value

Became profitable this year

Risk Analysis

Has a high level of debt

Unstable dividend track record

Seligdar Competitors

Kinross Gold

TSX:K

CA$7.5b

Petropavlovsk

LSE:POG

UK£68.9m

Price History & Performance

Summary of all time highs, changes and price drops for Seligdar
Historical stock prices
Current Share Price	₽47.91
52 Week High	₽72.29
52 Week Low	₽35.69
Beta	0.39
1 Month Change	-4.18%
3 Month Change	-2.09%
1 Year Change	3.48%
3 Year Change	402.20%
5 Year Change	400.10%
Change since IPO	196.29%

Shareholder Returns

	SELG	RU Metals and Mining	RU Market
7D	-2.6%	-6.2%	-4.0%
1Y	3.5%	-24.6%	-25.1%

Return vs Industry: SELG exceeded the Russian Metals and Mining industry which returned -21.8% over the past year.

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

Price Volatility

Is SELG's price volatile compared to industry and market?
SELG volatility
SELG Average Weekly Movement	5.8%
Metals and Mining Industry Average Movement	8.6%
Market Average Movement	9.9%
10% most volatile stocks in RU Market	16.9%
10% least volatile stocks in RU Market	5.8%

Stable Share Price: SELG is less volatile than 75% of Russian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: SELG's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1975	3,343	Sergey Tatarinov	https://www.seligdar.ru

Public Joint-Stock Company Seligdar engages in the exploration and development of gold and tin deposits in Russia. The company was founded in 1975 and is based in Aldan, Russia.

Seligdar Fundamentals Summary

How do Seligdar's earnings and revenue compare to its market cap?
SELG fundamental statistics
Market Cap	₽40.36b
Earnings (TTM)	₽15.66b
Revenue (TTM)	₽35.81b

2.6x

P/E Ratio

1.1x

P/S Ratio

Is SELG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
SELG income statement (TTM)
Revenue	₽35.81b
Cost of Revenue	₽16.21b
Gross Profit	₽19.61b
Other Expenses	₽3.95b
Earnings	₽15.66b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	18.59
Gross Margin	54.75%
Net Profit Margin	43.73%
Debt/Equity Ratio	122.5%

How did SELG perform over the long term?

See historical performance and comparison

Dividends

9.4%

Current Dividend Yield

10%

Payout Ratio

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: SELG (RUB47.91) is trading below our estimate of fair value (RUB607.38)

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

Price To Earnings Ratio

PE vs Industry: SELG is good value based on its PE Ratio (2.6x) compared to the Russian Metals and Mining industry average (5.2x).

PE vs Market: SELG is good value based on its PE Ratio (2.6x) compared to the Russian market (6.8x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: SELG is overvalued based on its PB Ratio (1.5x) compared to the RU Metals and Mining industry average (1.2x).

Future Growth

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

-8.0%

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 Seligdar 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.

Past Performance

How has Seligdar performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

20.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SELG has high quality earnings.

Growing Profit Margin: SELG became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: SELG has become profitable over the past 5 years, growing earnings by 20.5% per year.

Accelerating Growth: SELG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SELG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (96.2%).

Return on Equity

High ROE: Whilst SELG's Return on Equity (52.09%) is outstanding, this metric is skewed due to their high level of debt.

Financial Health

How is Seligdar'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: SELG's short term assets (RUB34.5B) exceed its short term liabilities (RUB17.7B).

Long Term Liabilities: SELG's short term assets (RUB34.5B) do not cover its long term liabilities (RUB35.4B).

Debt to Equity History and Analysis

Debt Level: SELG's net debt to equity ratio (113%) is considered high.

Reducing Debt: SELG's debt to equity ratio has reduced from 187.7% to 122.5% over the past 5 years.

Debt Coverage: SELG's debt is well covered by operating cash flow (42.2%).

Interest Coverage: SELG's interest payments on its debt are well covered by EBIT (6.6x coverage).

Balance Sheet

Dividend

What is Seligdar 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

9.39%

Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: SELG's dividend (9.39%) is higher than the bottom 25% of dividend payers in the Russian market (3.8%).

High Dividend: SELG's dividend (9.39%) is low compared to the top 25% of dividend payers in the Russian market (11.02%).

Stability and Growth of Payments

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

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

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (10.5%), SELG's dividend payments are thoroughly covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (49.7%), SELG's dividend payments are well covered by cash flows.

Discover strong dividend paying companies

Management

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

7.0yrs

Average management tenure

CEO

Sergey Tatarinov (61 yo)

10.5yrs

Tenure

Mr. Sergey Mikhaylovich Tatarinov serves as Director at Zoloto Seligdara OAO. Mr. Mikhaylovich has been Chairman of the Management Board and Chief Executive Officer at Public Joint-Stock Company Seligdar s...

Leadership Team

Experienced Management: SELG's management team is seasoned and experienced (7 years average tenure).

Board Members

Experienced Board: SELG's board of directors are considered experienced (6.9 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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/23 00:00
End of Day Share Price	2022/05/23 00:00
Earnings	2021/09/30
Annual Earnings	2020/12/31