MISX:VSMO

Stock Analysis Report

public stock company VSMPO-AVISMA

Executive Summary

public stock company VSMPO-AVISMA Corporation manufactures and sells titanium products in Russia and internationally.

Snowflake

Fundamentals

Excellent balance sheet average dividend payer.


Similar Companies

Share Price & News

How has public stock company VSMPO-AVISMA's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.4%

VSMO

1.2%

RU Metals and Mining

1.5%

RU Market


1 Year Return

8.1%

VSMO

3.7%

RU Metals and Mining

16.2%

RU Market

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

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


Shareholder returns

VSMOIndustryMarket
7 Day1.4%1.2%1.5%
30 Day-0.3%-4.5%-0.3%
90 Day1.4%-1.3%4.2%
1 Year19.7%8.1%13.4%3.7%24.6%16.2%
3 Year85.1%33.2%51.4%18.7%66.9%40.9%
5 Year372.2%166.7%435.8%279.3%164.7%107.9%

Price Volatility Vs. Market

How volatile is public stock company VSMPO-AVISMA's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is public stock company VSMPO-AVISMA undervalued compared to its fair value and its price relative to the market?

10.31x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: VSMO (RUB17200) is trading above our estimate of fair value (RUB7305.58)

Significantly Below Fair Value: VSMO is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: VSMO is poor value based on its PE Ratio (10.3x) compared to the Metals and Mining industry average (4.5x).

PE vs Market: VSMO is poor value based on its PE Ratio (10.3x) compared to the Russian market (6.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: VSMO is overvalued based on its PB Ratio (1.1x) compared to the RU Metals and Mining industry average (0.5x).


Next Steps

Future Growth

How is public stock company VSMPO-AVISMA forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VSMO's forecast earnings growth (7.4% per year) is below the savings rate (8.4%).

Earnings vs Market: VSMO's earnings (7.4% per year) are forecast to grow faster than the Russian market (4.7% per year).

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

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

High Growth Revenue: Insufficient data to determine if VSMO'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 VSMO's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has public stock company VSMPO-AVISMA performed over the past 5 years?

10.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: VSMO's earnings have grown by 10.1% per year over the past 5 years.

Accelerating Growth: VSMO's earnings growth over the past year (21.1%) exceeds its 5-year average (10.1% per year).

Earnings vs Industry: VSMO earnings growth over the past year (21.1%) exceeded the Metals and Mining industry 16.9%.


Return on Equity

High ROE: VSMO's Return on Equity (10.2%) is considered low.


Return on Assets

ROA vs Industry: VSMO's Return on Assets is below or equal to the Metals and Mining industry average last year.


Return on Capital Employed

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


Next Steps

Financial Health

How is public stock company VSMPO-AVISMA's financial position?


Financial Position Analysis

Short Term Liabilities: VSMO's short term assets (RUB122.2B) exceeds its short term liabilities (RUB44.5B)

Long Term Liabilities: VSMO's short term assets (122.2B) exceeds its long term liabilities (105.4B)


Debt to Equity History and Analysis

Debt Level: VSMO's debt to equity ratio (51.6%) is considered high

Reducing Debt: VSMO's debt to equity ratio has reduced from 69.4% to 51.6% over the past 5 years.

Debt Coverage: VSMO's debt is well covered by operating cash flow (23.4%).

Interest Coverage: VSMO's interest payments on its debt are well covered by EBIT (32.9x coverage).


Balance Sheet

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

Debt Coverage by Assets: VSMO's debt is covered by short term assets (assets are 1.265080x debt).


Next Steps

Dividend

What is public stock company VSMPO-AVISMA's current dividend yield, its reliability and sustainability?

9.47%

Current Dividend Yield


Dividend Yield vs Market

company9.5%marketbottom25%3.2%markettop25%8.6%industryaverage8.4%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: VSMO's dividend (9.47%) is higher than the bottom 25% of dividend payers in the Russian market (3.24%).

High Dividend: VSMO's dividend (9.47%) is in the top 25% of dividend payers in the Russian market (8.62%)

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (52.4%), VSMO's dividend payments are 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 public stock company VSMPO-AVISMA's salary, the management and board of directors tenure and is there insider trading?

3.4yrs

Average board tenure


CEO

Michael Voevodin (44yo)

10.3yrs

Tenure

0

Mr. Michael Viktorovich Voevodin has been the Chief Executive Officer of Public Stock Company VSMPO-AVISMA Corporation since July 13, 2009 and its General Director since July 13, 2015. Mr. Voevodin served  ...


Board Age and Tenure

3.4yrs

Average Tenure

51yo

Average Age

Experienced Board: VSMO's board of directors are considered experienced (3.4 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

  • Igor Levin (69yo)

    Deputy Director General of Science & Technology

    • Tenure: 0yrs
  • Vyacheslav Bresht (66yo)

    Executive Vice President of Sales & Marketing

    • Tenure: 0yrs
  • Michael Shelkov

    Vice Chairman and Vice Chairman of Metal Supply & Sales

    • Tenure: 0yrs
  • Michael Voevodin (44yo)

    CEO, General Director & Director

    • Tenure: 10.3yrs
  • Artem Kislichenko

    Director of Legal Matters

    • Tenure: 0yrs
  • Marina Voronkova

    Director of Public Relations & Regional Projects

    • Tenure: 0yrs
  • Dmitri Sannikov

    Chief Accountant

    • Tenure: 0yrs
  • Sergey Chuprunov

    Chief of Administration Officer

    • Tenure: 0yrs
  • Alexey Mindlin

    Deputy Director General of Economics & Finance

    • Tenure: 0yrs
  • Serey Lednov

    Director of Business Development

    • Tenure: 0yrs

Board Members

  • Nickolay Melnikov (64yo)

    Vice Director General & Executive Director

    • Tenure: 0.4yrs
  • Sergey Chemezov (67yo)

    Chairman

    • Tenure: 13.8yrs
  • Michael Shelkov

    Vice Chairman and Vice Chairman of Metal Supply & Sales

    • Tenure: 0yrs
  • Michael Voevodin (44yo)

    CEO, General Director & Director

    • Tenure: 10.3yrs
  • Andrey Zokin (38yo)

    Director

    • Tenure: 0yrs
  • Igor Kamenskoy (51yo)

    Director

    • Tenure: 3.4yrs
  • Dmitry Lelikov

    Director

    • Tenure: 2.4yrs

Company Information

public stock company VSMPO-AVISMA Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: public stock company VSMPO-AVISMA Corporation
  • Ticker: VSMO
  • Exchange: MISX
  • Founded: 1933
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: ₽198.209b
  • Shares outstanding: 11.52m
  • Website: https://www.vsmpo.ru

Location

  • public stock company VSMPO-AVISMA Corporation
  • Parkovaya Street 1
  • Verkhnyaya Salda
  • Sverdlovskaya obl.
  • 624760
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VSMOMISX (Micex - Rts)YesOrdinary SharesRURUBJan 1996

Biography

public stock company VSMPO-AVISMA Corporation manufactures and sells titanium products in Russia and internationally. The company offers titanium ingots, billets, slabs, large size die-forgings, disks, rol ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 21:30
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.