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SGZH

Group of Companies Segezha MISX:SGZH Stock Report

Last Price

₽8.95

Market Cap

₽140.5b

7D

-1.1%

1Y

12.3%

Updated

23 May, 2022

Data

Company Financials +
SGZH fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance2/6
Financial Health2/6
Dividends2/6

SGZH Stock Overview

Segezha Group PJSC operates in the forestry industry in Russia and internationally.

Group of Companies Segezha Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Group of Companies Segezha
Historical stock prices
Current Share Price₽8.95
52 Week High₽11.48
52 Week Low₽6.05
Beta0
1 Month Change2.10%
3 Month Change4.12%
1 Year Change12.35%
3 Year Changen/a
5 Year Changen/a
Change since IPO12.37%

Recent News & Updates

Shareholder Returns

SGZHRU ForestryRU Market
7D-1.1%-1.1%-4.0%
1Y12.3%9.7%-25.1%

Return vs Industry: SGZH exceeded the Russian Forestry industry which returned 7.2% over the past year.

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

Price Volatility

Is SGZH's price volatile compared to industry and market?
SGZH volatility
SGZH Average Weekly Movement5.5%
Forestry Industry Average Movement5.9%
Market Average Movement9.9%
10% most volatile stocks in RU Market16.9%
10% least volatile stocks in RU Market5.8%

Stable Share Price: SGZH is less volatile than 75% of Russian stocks over the past 3 months, typically moving +/- 5% a week.

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

About the Company

FoundedEmployeesCEOWebsite
2013n/aMikhail Shamolinhttps://segezha-group.com

Segezha Group PJSC operates in the forestry industry in Russia and internationally. It operates through four segments: Paper and Packaging, Forestry Management and Woodworking, Plywood and Boards, and Other. The Paper and Packaging segment produces sack paper and artificial parchment from unbleached craft pulp, as well as industrial and consumer packaging in the form of paper sacks, such as paper pouches and retailer bags for use in construction, food, agriculture, chemical, and mineral markets.

Group of Companies Segezha Fundamentals Summary

How do Group of Companies Segezha's earnings and revenue compare to its market cap?
SGZH fundamental statistics
Market Cap₽140.49b
Earnings (TTM)₽15.27b
Revenue (TTM)₽92.44b

9.2x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SGZH income statement (TTM)
Revenue₽92.44b
Cost of Revenue₽53.71b
Gross Profit₽38.73b
Other Expenses₽23.46b
Earnings₽15.27b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.97
Gross Margin41.90%
Net Profit Margin16.52%
Debt/Equity Ratio161.7%

How did SGZH perform over the long term?

See historical performance and comparison

Dividends

4.7%

Current Dividend Yield

40%

Payout Ratio

Valuation

Is Group of Companies Segezha undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


0.5%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: SGZH (RUB8.95) is trading below our estimate of fair value (RUB9)

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


Price To Earnings Ratio

PE vs Industry: SGZH is good value based on its PE Ratio (9.2x) compared to the European Forestry industry average (10.8x).

PE vs Market: SGZH is poor value based on its PE Ratio (9.2x) compared to the Russian market (6.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SGZH is overvalued based on its PB Ratio (3x) compared to the XE Forestry industry average (1.5x).


Future Growth

How is Group of Companies Segezha 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


-5.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SGZH's earnings are forecast to decline over the next 3 years (-5.9% per year).

Earnings vs Market: SGZH's earnings are forecast to decline over the next 3 years (-5.9% per year).

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

Revenue vs Market: SGZH's revenue (9.4% per year) is forecast to grow faster than the Russian market (4.1% per year).

High Growth Revenue: SGZH's revenue (9.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SGZH's Return on Equity is forecast to be high in 3 years time (21.6%)


Past Performance

How has Group of Companies Segezha performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


41.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SGZH has a high level of non-cash earnings.

Growing Profit Margin: SGZH became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SGZH's earnings have grown significantly by 41.3% per year over the past 5 years.

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

Earnings vs Industry: SGZH has become profitable in the last year, making it difficult to compare its past year earnings growth to the Forestry industry (85.9%).


Return on Equity

High ROE: Whilst SGZH's Return on Equity (32.99%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is Group of Companies Segezha's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SGZH's short term assets (RUB56.3B) do not cover its short term liabilities (RUB73.2B).

Long Term Liabilities: SGZH's short term assets (RUB56.3B) do not cover its long term liabilities (RUB89.9B).


Debt to Equity History and Analysis

Debt Level: SGZH's net debt to equity ratio (134.4%) is considered high.

Reducing Debt: SGZH's debt to equity ratio has reduced from 175.9% to 161.7% over the past 5 years.

Debt Coverage: SGZH's debt is not well covered by operating cash flow (17.5%).

Interest Coverage: SGZH's interest payments on its debt are well covered by EBIT (6.7x coverage).


Balance Sheet


Dividend

What is Group of Companies Segezha current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.69%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 24 2022Ex Dividend DateJun 01 2022Dividend Pay DateJan 01 197019144 days from Ex DividendBuy in the next 7 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: SGZH's dividend (4.69%) is higher than the bottom 25% of dividend payers in the Russian market (3.8%).

High Dividend: SGZH's dividend (4.69%) is low compared to the top 25% of dividend payers in the Russian market (11.02%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether SGZH's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if SGZH's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (39.7%), SGZH's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: SGZH is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

1.4yrs

Average management tenure


CEO

Mikhail Shamolin (51 yo)

1.42yrs

Tenure

Mr. Mikhail Valeryevich Shamolin is the Member of the Management Board, Chief Executive Officer and President at Segezha Group PJSC and has been its Executive Director since December 28, 2020 and Chairman...


Leadership Team

Experienced Management: SGZH's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: SGZH's board of directors are not considered experienced ( 1.4 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

Group of Companies Segezha Public Joint Stock Company's employee growth, exchange listings and data sources


Key Information

  • Name: Group of Companies Segezha Public Joint Stock Company
  • Ticker: SGZH
  • Exchange: MISX
  • Founded: 2013
  • Industry: Paper Products
  • Sector: Materials
  • Implied Market Cap: ₽140.488b
  • Shares outstanding: 15.69b
  • Website: https://segezha-group.com

Number of Employees


Location

  • Group of Companies Segezha Public Joint Stock Company
  • 10 Presnenskaya Naberezhnaya
  • 48th Floor
  • Moscow
  • 123112
  • Russia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/23 00:00
End of Day Share Price2022/05/23 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.