MISX:IDVP

Stock Analysis Report

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Executive Summary

Public Joint Stock Company INVEST-DEVELOPMENT invests in construction projects in Russia.


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

How has INVEST-DEVELOPMENT's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: IDVP's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

IDVP

3.3%

RU Real Estate

2.4%

RU Market


1 Year Return

2704.3%

IDVP

1.3%

RU Real Estate

1.3%

RU Market

Return vs Industry: IDVP exceeded the Russian Real Estate industry which returned -0.5% over the past year.

Return vs Market: IDVP exceeded the Russian Market which returned 0.4% over the past year.


Shareholder returns

IDVPIndustryMarket
7 Day0%3.3%2.4%
30 Day0%7.1%5.1%
90 Day116.8%-10.7%-3.3%
1 Year2704.3%2704.3%3.4%1.3%8.0%1.3%
3 Year1560.2%1560.2%23.5%14.1%63.5%37.5%
5 Year12800.0%12800.0%68.0%44.7%117.8%69.6%

Price Volatility Vs. Market

How volatile is INVEST-DEVELOPMENT's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is INVEST-DEVELOPMENT undervalued compared to its fair value and its price relative to the market?

132.12x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: IDVP (RUB129000) is trading above our estimate of fair value (RUB3289.5)

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


Price To Earnings Ratio

PE vs Industry: IDVP is unprofitable, so we can't compare its PE Ratio to the Real Estate industry average.

PE vs Market: IDVP is unprofitable, so we can't compare its PE Ratio to the Russian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: IDVP is overvalued based on its PB Ratio (132.1x) compared to the XE Real Estate industry average (1x).


Next Steps

Future Growth

How is INVEST-DEVELOPMENT forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-2.2%

Forecasted Real Estate 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 INVEST-DEVELOPMENT 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.


Next Steps

Past Performance

How has INVEST-DEVELOPMENT performed over the past 5 years?

-73.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IDVP is currently unprofitable.

Growing Profit Margin: IDVP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: IDVP is unprofitable, and losses have increased over the past 5 years at a rate of -73.7% per year.

Accelerating Growth: Unable to compare IDVP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: IDVP is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (7.4%).


Return on Equity

High ROE: IDVP has a negative Return on Equity (-4.25%), as it is currently unprofitable.


Next Steps

Financial Health

How is INVEST-DEVELOPMENT's financial position?


Financial Position Analysis

Short Term Liabilities: IDVP's short term assets (RUB488.0M) exceed its short term liabilities (RUB59.8M).

Long Term Liabilities: IDVP's short term assets (RUB488.0M) do not cover its long term liabilities (RUB1.3B).


Debt to Equity History and Analysis

Debt Level: IDVP's debt to equity ratio (31%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if IDVP's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable IDVP has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: IDVP is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 12.8% per year.


Next Steps

Dividend

What is INVEST-DEVELOPMENT's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate IDVP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate IDVP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if IDVP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if IDVP's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of IDVP's dividend in 3 years as they are not forecast to pay a notable one for the Russian market.


Next Steps

Management

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

3.6yrs

Average board tenure


CEO

Vladimir Shteryanov

4.33yrs

Tenure

Mr. Vladimir Boychev Shteryanov has been General Director of PAO Invest-Development since February 16, 2016 and its Director since April 25, 2016. 


Board Members

NamePositionTenureCompensationOwnership
Vladimir Shteryanov
General Director & Director4.33yrsno datano data
Vladislav Yonchev
Directorno datano datano data
Aleksandr Starshov
Directorno datano datano data
Georgi Palachorov
Directorno datano datano data
Ivan Ivanov
Chairman of the Board2.5yrsno datano data
Valeriy Martinenko
Directorno datano datano data
Ruslana Rukhadze
Director4.17yrsno datano data
Yelena Subbotina
Director4.17yrsno datano data
V. Burtasov
Director3.08yrsno datano data
S. Malyutin
Director3.08yrsno datano data

3.6yrs

Average Tenure

Experienced Board: IDVP's board of directors are considered experienced (3.6 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.


Top Shareholders

Company Information

Public Joint Stock Company INVEST-DEVELOPMENT's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Public Joint Stock Company INVEST-DEVELOPMENT
  • Ticker: IDVP
  • Exchange: MISX
  • Founded: 2014
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: ₽272.258b
  • Shares outstanding: 2.11m
  • Website: https://www.invest-development.ru

Location

  • Public Joint Stock Company INVEST-DEVELOPMENT
  • Building 1
  • Leningrad Prospect street, 20
  • Moscow
  • 125040
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IDVPMISX (Micex - Rts)YesCommon SharesRURUBMar 2015

Biography

Public Joint Stock Company INVEST-DEVELOPMENT invests in construction projects in Russia. The company purchases, sells, leases, and manages residential and non-residential properties, as well as plots of personal and real estate lands. It also offers real estate intermediary and trading services, as well as operates in the commodity exchange and derivatives market. In addition, the company designs, reconstructs, and constructs commercial real estate projects. The company was founded in 2014 and is based in Moscow, Russia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/02 00:53
End of Day Share Price2020/06/01 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.