MISX:WTCM

Stock Analysis Report

World Trade Center Moscow

Executive Summary

Joint Stock Company ‘World Trade Center Moscow’ operates a multifunctional business complex in Russia.

Rewards

Trading at 44.3% below its fair value

Earnings grew by 73.4% over the past year

Pays a reliable dividend of 6.74%

Risk Analysis

Earnings have declined by -20.28% per year over past 5 years

Highly volatile share price over past 3 months

Latest financial reports are more than 6 months old

Does not have a meaningful market cap (RUB8B)



Snowflake Analysis

Excellent balance sheet, good value and pays a dividend.

Share Price & News

How has World Trade Center Moscow's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

12.7%

WTCM

4.2%

RU Real Estate

1.4%

RU Market


1 Year Return

10.9%

WTCM

-10.3%

RU Real Estate

-6.0%

RU Market

Return vs Industry: WTCM exceeded the Russian Real Estate industry which returned -8.5% over the past year.

Return vs Market: WTCM exceeded the Russian Market which returned -2.4% over the past year.


Shareholder returns

WTCMIndustryMarket
7 Day12.7%4.2%1.4%
30 Day-20.7%-24.0%-22.0%
90 Day6.9%-20.5%-22.5%
1 Year19.6%10.9%-7.7%-10.3%0.5%-6.0%
3 Year24.2%4.3%17.5%7.0%32.0%11.4%
5 Year1.4%-20.6%39.1%17.6%86.4%45.5%

Price Volatility Vs. Market

How volatile is World Trade Center Moscow's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is World Trade Center Moscow undervalued compared to its fair value and its price relative to the market?

44.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: WTCM (RUB8.34) is trading below our estimate of fair value (RUB14.97)

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


Price To Earnings Ratio

PE vs Industry: WTCM is good value based on its PE Ratio (8.5x) compared to the Real Estate industry average (10.5x).

PE vs Market: WTCM is poor value based on its PE Ratio (8.5x) compared to the Russian market (7.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: WTCM is good value based on its PB Ratio (0.2x) compared to the XE Real Estate industry average (1x).


Next Steps

Future Growth

How is World Trade Center Moscow forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-10.8%

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 World Trade Center Moscow 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 World Trade Center Moscow performed over the past 5 years?

-20.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WTCM has high quality earnings.

Growing Profit Margin: WTCM's current net profit margins (12.6%) are higher than last year (7.6%).


Past Earnings Growth Analysis

Earnings Trend: WTCM's earnings have declined by -20.3% per year over the past 5 years.

Accelerating Growth: WTCM's earnings growth over the past year (73.4%) exceeds its 5-year average (-20.3% per year).

Earnings vs Industry: WTCM earnings growth over the past year (73.4%) exceeded the Real Estate industry 6.1%.


Return on Equity

High ROE: WTCM's Return on Equity (2.2%) is considered low.


Next Steps

Financial Health

How is World Trade Center Moscow's financial position?


Financial Position Analysis

Short Term Liabilities: WTCM's short term assets (RUB6.6B) exceed its short term liabilities (RUB1.5B).

Long Term Liabilities: WTCM's short term assets (RUB6.6B) do not cover its long term liabilities (RUB7.5B).


Debt to Equity History and Analysis

Debt Level: WTCM's debt to equity ratio (0%) is considered satisfactory.

Reducing Debt: WTCM's debt to equity ratio has reduced from 0% to 0% over the past 5 years.

Debt Coverage: WTCM's debt is well covered by operating cash flow (377219.9%).

Interest Coverage: WTCM earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

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

Debt Coverage by Assets: WTCM's debt is covered by short term assets (assets are 17328.9x debt).


Next Steps

Dividend

What is World Trade Center Moscow's current dividend yield, its reliability and sustainability?

6.74%

Current Dividend Yield


Upcoming Dividend Payment

TodayMar 28 2020Ex Dividend DateMay 05 2020Dividend Pay DateJan 01 197018387 days from Ex DividendBuy in the next 37 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: WTCM's dividend (6.74%) is higher than the bottom 25% of dividend payers in the Russian market (4.04%).

High Dividend: WTCM's dividend (6.74%) is low compared to the top 25% of dividend payers in the Russian market (9.97%).


Stability and Growth of Payments

Stable Dividend: WTCM's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (57.2%), WTCM'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

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

2.7yrs

Average board tenure


CEO

Vladimir Strashko

3.92s

Tenure

Mr. Vladimir Petrovich Strashko has been a Director General and Member of Management Board at Joint Stock Company World Trade Center Moscow since April 13, 2016 and April 2016 respectively. Mr. Strashko se ...


Board Members

NamePositionTenureCompensationOwnership
Vladimir Strashko
Chairman of Mgmt. Board3.92yrsno datano data
Nikolai Lipatnikov
Directorno datano datano data
Sergei Bednov
Directorno datano datano data
Sergei Katyrin
Chairman of the Board6.92yrsno datano data
Anatoly Gavrilenko
Directorno datano datano data
Efim Basin
Directorno datano datano data
Marina Yefimova
Director2.5yrsno datano data
Yuriy Shafranik
Director2.67yrsno datano data

2.7yrs

Average Tenure

Experienced Board: WTCM's board of directors are not considered experienced ( 2.7 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

Joint Stock Company "World Trade Center Moscow"'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Joint Stock Company "World Trade Center Moscow"
  • Ticker: WTCM
  • Exchange: MISX
  • Founded:
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: ₽7.594b
  • Shares outstanding: 910.59m
  • Website: https://www.wtcmoscow.ru

Location

  • Joint Stock Company "World Trade Center Moscow"
  • 12 Krasnopresnenskaya Embankment
  • Moscow
  • 123610
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WTCMMISX (Micex - Rts)YesOrdinary SharesRURUBFeb 2007

Biography

Joint Stock Company ‘World Trade Center Moscow’ operates a multifunctional business complex in Russia. The company provides congress, exhibition, office, hotel, and restaurant services. It also offers events development services, including the planning, development, and organization of corporate and special events; and operates venues for international conventions, forums and conferences, meetings, exhibitions, dance and sports festivals, weddings, private events, team building, fashion shows, and car demonstrations. In addition, the company operates Crowne Plaza, a business hotel; Mezhdunarodnaya, an apartment hotel; Eridan apartment blocks; Holiday Inn Express Moscow – Khovrino hotel; and restaurants, cafes, and bars. Joint Stock Company ‘World Trade Center Moscow’ 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 Analysis2020/03/27 21:56
End of Day Share Price2020/03/27 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.