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LSRG

PJSC LSR Group MISX:LSRG Stock Report

Last Price

₽585.00

Market Cap

₽58.6b

7D

17.0%

1Y

-24.1%

Updated

26 Jun, 2022

Data

Company Financials +
LSRG fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health3/6
Dividends3/6

LSRG Stock Overview

PJSC LSR Group, together with its subsidiaries, engages in the real estate development, homebuilding, and construction materials businesses.

PJSC LSR Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for PJSC LSR Group
Historical stock prices
Current Share Price₽585.00
52 Week High₽808.80
52 Week Low₽402.00
Beta0.64
1 Month Change17.23%
3 Month Change31.40%
1 Year Change-24.10%
3 Year Change-25.21%
5 Year Change-28.66%
Change since IPO-23.46%

Recent News & Updates

Shareholder Returns

LSRGRU Real EstateRU Market
7D17.0%0.2%-0.2%
1Y-24.1%-26.6%-24.6%

Return vs Industry: LSRG exceeded the Russian Real Estate industry which returned -26.6% over the past year.

Return vs Market: LSRG matched the Russian Market which returned -24.6% over the past year.

Price Volatility

Is LSRG's price volatile compared to industry and market?
LSRG volatility
LSRG Average Weekly Movement7.4%
Real Estate Industry Average Movement4.9%
Market Average Movement7.6%
10% most volatile stocks in RU Market13.3%
10% least volatile stocks in RU Market4.8%

Stable Share Price: LSRG is not significantly more volatile than the rest of Russian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: LSRG's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1993n/aAndrey Molchanovhttps://www.lsrgroup.ru

PJSC LSR Group, together with its subsidiaries, engages in the real estate development, homebuilding, and construction materials businesses. The company operates through Building Materials, Real Estate Development and Construction, and Other segments. It produces and sells bricks, concrete and reinforced concrete items, ready-mix concrete and mortars, aerated concrete blocks, crushed stone products, crushed granite, and land-based and marine-dredged sand extraction products; and provides tower cranes services.

PJSC LSR Group Fundamentals Summary

How do PJSC LSR Group's earnings and revenue compare to its market cap?
LSRG fundamental statistics
Market Cap₽58.62b
Earnings (TTM)₽16.27b
Revenue (TTM)₽130.52b

3.6x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LSRG income statement (TTM)
Revenue₽130.52b
Cost of Revenue₽77.76b
Gross Profit₽52.75b
Other Expenses₽36.49b
Earnings₽16.27b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)162.33
Gross Margin40.42%
Net Profit Margin12.46%
Debt/Equity Ratio182.0%

How did LSRG perform over the long term?

See historical performance and comparison

Dividends

10.1%

Current Dividend Yield

11%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is LSRG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LSRG?

Other financial metrics that can be useful for relative valuation.

LSRG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.3x
Enterprise Value/EBITDA5x
PEG Ratio-0.2x

Price to Earnings Ratio vs Peers

How does LSRG's PE Ratio compare to its peers?

LSRG PE Ratio vs Peers
The above table shows the PE ratio for LSRG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average16.9x
INGR INGRAD
31.6xn/a₽54.4b
SMLT Samolet Group
25.4xn/a₽165.6b
WTCM World Trade Center Moscow
8.1xn/a₽7.2b
173 K. Wah International Holdings
2.6x-38.6%HK$8.9b
LSRG PJSC LSR Group
3.6x-18.4%₽58.6b

Price-To-Earnings vs Peers: LSRG is good value based on its Price-To-Earnings Ratio (3.6x) compared to the peer average (16.9x).


Price to Earnings Ratio vs Industry

How does LSRG's PE Ratio compare vs other companies in the European Real Estate Industry?

Price-To-Earnings vs Industry: LSRG is good value based on its Price-To-Earnings Ratio (3.6x) compared to the European Real Estate industry average (8.2x)


Price to Earnings Ratio vs Fair Ratio

What is LSRG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LSRG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.6x
Fair PE Ratio5.1x

Price-To-Earnings vs Fair Ratio: LSRG is good value based on its Price-To-Earnings Ratio (3.6x) compared to the estimated Fair Price-To-Earnings Ratio (5.1x).


Share Price vs Fair Value

What is the Fair Price of LSRG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: LSRG (RUB585) is trading above our estimate of fair value (RUB344.63)

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


Price to Earnings Growth Ratio

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


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Future Growth

How is PJSC LSR Group forecast to perform in the next 1 to 3 years based on estimates from 2 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


-18.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LSRG's earnings are forecast to decline over the next 3 years (-18.4% per year).

Earnings vs Market: LSRG's earnings are forecast to decline over the next 3 years (-18.4% per year).

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

Revenue vs Market: LSRG's revenue (0.5% per year) is forecast to grow slower than the Russian market (2.7% per year).

High Growth Revenue: LSRG's revenue (0.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LSRG's Return on Equity is forecast to be low in 3 years time (11.5%).


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Past Performance

How has PJSC LSR Group 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


1.1%

Historical annual earnings growth

Earnings and Revenue History

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

Growing Profit Margin: LSRG's current net profit margins (12.5%) are higher than last year (10.2%).


Past Earnings Growth Analysis

Earnings Trend: LSRG's earnings have grown by 1.1% per year over the past 5 years.

Accelerating Growth: LSRG's earnings growth over the past year (35.3%) exceeds its 5-year average (1.1% per year).

Earnings vs Industry: LSRG earnings growth over the past year (35.3%) underperformed the Real Estate industry 55.4%.


Return on Equity

High ROE: LSRG's Return on Equity (17.5%) is considered low.


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Financial Health

How is PJSC LSR Group's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: LSRG's short term assets (RUB313.3B) exceed its short term liabilities (RUB107.2B).

Long Term Liabilities: LSRG's short term assets (RUB313.3B) exceed its long term liabilities (RUB148.6B).


Debt to Equity History and Analysis

Debt Level: LSRG's net debt to equity ratio (115.9%) is considered high.

Reducing Debt: LSRG's debt to equity ratio has increased from 81.4% to 182% over the past 5 years.

Debt Coverage: LSRG's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: LSRG's interest payments on its debt are well covered by EBIT (4.1x coverage).


Balance Sheet


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Dividend

What is PJSC LSR Group current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


10.08%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: LSRG's dividend (10.09%) is higher than the bottom 25% of dividend payers in the Russian market (4.1%).

High Dividend: LSRG's dividend (10.09%) is low compared to the top 25% of dividend payers in the Russian market (11.28%).


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (11.4%), LSRG's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

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


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Management

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

8.9yrs

Average management tenure


CEO

Andrey Molchanov (50 yo)

3yrs

Tenure

Mr. Andrey Molchanov served as Chairman of Board of Directors at PJSC LSR Group since August 2018 until June 28, 2019 and serves as its Chief Executive Officer since June 28, 2019 and has been its Director...


Leadership Team

Experienced Management: LSRG's management team is seasoned and experienced (8.9 years average tenure).


Board Members

Experienced Board: LSRG's board of directors are not considered experienced ( 0.5 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

PJSC LSR Group's employee growth, exchange listings and data sources


Key Information

  • Name: PJSC LSR Group
  • Ticker: LSRG
  • Exchange: MISX
  • Founded: 1993
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Implied Market Cap: ₽58.617b
  • Shares outstanding: 100.20m
  • Website: https://www.lsrgroup.ru

Location

  • PJSC LSR Group
  • 36 B, Kazanskaya Street
  • Floor 4, Suite 404
  • Saint Petersburg
  • 190031
  • Russia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 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.