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Joint Stock Company ‘World Trade Center Moscow’ operates as a multifunctional business complex that provides congress, exhibition, office, hotel, and restaurant services in Russia. The last earnings update was 174 days ago. More info.
7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
---|---|---|---|---|---|---|
World Trade Center Moscow (WTCM) | -0.6% | -1.7% | -0.8% | 1.3% | -11.3% | -39.9% |
Europe Real Estate | 0.1% | 2.9% | 6.5% | 10.1% | 27.2% | 54.3% |
RU Market | -0.5% | 0.9% | 4.7% | 3.1% | 36.4% | 67.4% |
Below are the data sources, inputs and calculation used to determine the intrinsic value for World Trade Center Moscow.
Data Point | Source | Value |
---|---|---|
Valuation Model | 2 Stage Free Cash Flow to Equity | |
Levered Free Cash Flow | Extrapolated from most recent financials. | See below |
Discount Rate (Cost of Equity) | See below | 13.7% |
Perpetual Growth Rate | 10-Year RU Government Bond Rate | 8.4% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
Data Point | Calculation/ Source | Result |
---|---|---|
Risk-Free Rate | 10-Year RU Govt Bond Rate | 8.4% |
Equity Risk Premium | S&P Global | 6.6% |
Real Estate Unlevered Beta | Simply Wall St/ S&P Global | 0.43 |
Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.428 (1 + (1- 20%) (0.01%)) |
0.428 |
Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.44% + (0.8 * 6.56%) |
13.69% |
Discounted Cash Flow Calculation for MISX:WTCM using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for World Trade Center Moscow is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
2019 | 2020 | 2021 | 2022 | 2023 | |
Levered FCF (RUB, Millions) | 1,014.48 | 1,013.25 | 1,012.02 | 1,010.79 | 1,009.56 |
Source | Est @ -0.12% | Est @ -0.12% | Est @ -0.12% | Est @ -0.12% | Est @ -0.12% |
Present Value Discounted (@ 13.69%) |
892.33 | 783.94 | 688.72 | 605.07 | 531.57 |
Present value of next 5 years cash flows | RUB3,501.63 |
Calculation | Result | |
---|---|---|
Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= RUB1,009.56 × (1 + 8.44%) ÷ (13.69% – 8.44%) |
RUB20,860.74 |
Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= RUB20,860.74 ÷ (1 + 13.69%)5 |
RUB10,983.90 |
Calculation | Result | |
---|---|---|
Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= RUB3,501.63 + RUB10,983.90 |
RUB14,485.53 |
Equity Value per Share (RUB) |
= Total value / Shares Outstanding
= RUB14,485.53 / 910.59 |
RUB15.91 |
Calculation | Result | |
---|---|---|
Value per share (RUB) | From above. | RUB15.91 |
Current discount | Discount to share price of
RUB7.14
= -1 x (RUB7.14 - RUB15.91) / RUB15.91 |
55.1% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Data Point | Source | Value |
---|---|---|
Earnings Per Share * | Company Filings (2018-06-30) in RUB | RUB0.57 |
MISX:WTCM Share Price ** | MISX (2019-02-19) in RUB | RUB7.14 |
Europe Real Estate Industry PE Ratio | Median Figure of 214 Publicly-Listed Real Estate Companies | 9.64x |
Russian Federation Market PE Ratio | Median Figure of 127 Publicly-Listed Companies | 7.19x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of World Trade Center Moscow.
Calculation | Outcome | |
---|---|---|
PE Ratio | = MISX:WTCM Share Price ÷ EPS (both in RUB) = 7.14 ÷ 0.57 |
12.59x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value |
---|---|---|
PE Ratio | See PE Ratio Section | 12.59x |
Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
34.8%per year |
Europe Real Estate Industry PEG Ratio | Median Figure of 92 Publicly-Listed Real Estate Companies | -0.14x |
Russian Federation Market PEG Ratio | Median Figure of 31 Publicly-Listed Companies | 0.59x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value |
---|---|---|
Book Value per Share | Company Filings (2018-06-30) in RUB | RUB47.66 |
MISX:WTCM Share Price * | MISX (2019-02-19) in RUB | RUB7.14 |
Europe Real Estate Industry PB Ratio | Median Figure of 278 Publicly-Listed Real Estate Companies | 1.06x |
Russian Federation Market PB Ratio | Median Figure of 150 Publicly-Listed Companies | 0.76x |
Calculation | Outcome | |
---|---|---|
PB Ratio | = MISX:WTCM Share Price ÷ Book Value per Share (both in RUB) = 7.14 ÷ 47.66 |
0.15x |
* Primary Listing of World Trade Center Moscow.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value (per year) |
---|---|---|
MISX:WTCM Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts | 34.8% |
Europe Real Estate Industry Earnings Growth Rate | Market Cap Weighted Average | -8.3% |
Europe Real Estate Industry Revenue Growth Rate | Market Cap Weighted Average | 4.3% |
Russian Federation Market Earnings Growth Rate | Market Cap Weighted Average | 1.7% |
Russian Federation Market Revenue Growth Rate | Market Cap Weighted Average | 3.6% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Data Point | Source | Value |
---|---|---|
Past Financials | Company Filings (7 months ago) | See Below |
Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
Date (Data in RUB Millions) | Revenue | Cash Flow | Net Income * |
---|---|---|---|
2018-06-30 | 6,787 | 2,285 | 516 |
2018-03-31 | 6,538 | 2,051 | 330 |
2017-12-31 | 6,288 | 1,817 | 143 |
2017-09-30 | 6,225 | 1,773 | -615 |
2017-06-30 | 6,161 | 1,729 | -1,373 |
2017-03-31 | 6,081 | 1,400 | -1,630 |
2016-12-31 | 6,001 | 1,071 | -1,886 |
2016-09-30 | 5,923 | 221 | -670 |
2016-06-30 | 5,845 | -629 | 126 |
2016-03-31 | 5,784 | -658 | 182 |
2015-12-31 | 5,722 | -687 | 238 |
2015-09-30 | 5,824 | -66 | 1,084 |
*GAAP earnings excluding extraordinary items.
Data Point | Source | Value |
---|---|---|
Past Financials | Company Filings (7 months ago) | See Below |
Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from World Trade Center Moscow Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
Date (Data in RUB Millions) | EPS * |
---|---|
2018-06-30 | 0.57 |
2018-03-31 | 0.36 |
2017-12-31 | 0.16 |
2017-09-30 | -0.68 |
2017-06-30 | -1.51 |
2017-03-31 | -1.79 |
2016-12-31 | -2.07 |
2016-09-30 | -0.74 |
2016-06-30 | 0.14 |
2016-03-31 | 0.20 |
2015-12-31 | 0.26 |
2015-09-30 | 1.19 |
*GAAP earnings excluding extraordinary items.
How has World Trade Center Moscow performed over the past 5 years?
All data from World Trade Center Moscow Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
Date (Data in RUB Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
---|---|---|---|---|
2018-06-30 | 6,787.24 | 516.44 | 2,462.67 | |
2018-03-31 | 6,537.81 | 329.96 | 2,410.89 | |
2017-12-31 | 6,288.39 | 143.47 | 2,359.11 | |
2017-09-30 | 6,224.66 | -614.95 | 2,314.84 | |
2017-06-30 | 6,160.94 | -1,373.38 | 2,270.56 | |
2017-03-31 | 6,081.14 | -1,629.80 | 2,303.00 | |
2016-12-31 | 6,001.34 | -1,886.23 | 2,335.43 | |
2016-09-30 | 5,923.24 | -669.96 | 2,336.00 | |
2016-06-30 | 5,845.14 | 126.37 | 2,424.13 | |
2016-03-31 | 5,783.58 | 182.07 | 2,446.38 | |
2015-12-31 | 5,722.03 | 237.76 | 2,468.64 | |
2015-09-30 | 5,824.02 | 1,083.89 | 2,457.82 | |
2015-06-30 | 5,926.02 | 1,930.02 | 2,446.99 | |
2015-03-31 | 6,089.19 | 2,113.96 | 2,488.72 | |
2014-12-31 | 6,252.36 | 2,297.90 | 2,530.45 | |
2014-09-30 | 6,354.47 | 1,627.14 | 3,011.68 | |
2014-06-30 | 6,384.73 | 1,346.12 | 2,890.24 | |
2014-03-31 | 6,498.67 | 1,525.80 | 2,810.83 | |
2013-12-31 | 6,328.86 | 1,642.12 | 2,727.70 | |
2013-09-30 | 6,529.41 | 1,605.70 | 2,634.98 | |
2013-06-30 | 6,272.92 | 1,372.04 | 2,618.17 | |
2013-03-31 | 5,747.57 | 1,401.83 | 2,500.98 | |
2012-12-31 | 6,104.24 | 1,408.13 | 2,596.32 | |
2012-09-30 | 5,677.40 | 1,407.20 | 2,344.12 | |
2012-06-30 | 5,580.00 | 1,546.43 | 2,274.07 | |
2012-03-31 | 5,364.30 | 1,385.50 | 2,162.07 |
*GAAP earnings excluding extraordinary items.
How is World Trade Center Moscow's financial health and their level of debt?
All data from World Trade Center Moscow Company Filings, last reported 7 months ago.
Date (Data in RUB Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
---|---|---|---|
2018-06-30 | 43,517.70 | 0.38 | 3,267.12 |
2018-03-31 | 43,517.70 | 0.38 | 3,267.12 |
2017-12-31 | 42,961.21 | 0.38 | 1,419.19 |
2017-09-30 | 42,961.21 | 0.38 | 1,419.19 |
2017-06-30 | 43,058.00 | 0.38 | 2,823.33 |
2017-03-31 | 43,058.00 | 0.38 | 2,823.33 |
2016-12-31 | 42,752.71 | 0.38 | 1,116.48 |
2016-09-30 | 47,288.45 | 0.38 | 1,116.48 |
2016-06-30 | 48,120.16 | 0.52 | 2,055.47 |
2016-03-31 | 48,120.16 | 0.52 | 2,055.47 |
2015-12-31 | 48,343.49 | 0.52 | 760.95 |
2015-09-30 | 48,343.49 | 0.52 | 760.95 |
2015-06-30 | 48,364.38 | 0.52 | 819.83 |
2015-03-31 | 48,364.38 | 0.52 | 819.83 |
2014-12-31 | 48,502.83 | 0.52 | 3,143.26 |
2014-09-30 | 48,502.83 | 0.52 | 3,143.26 |
2014-06-30 | 46,859.71 | 0.00 | 1,407.95 |
2014-03-31 | 46,859.71 | 0.00 | 1,407.95 |
2013-12-31 | 46,654.36 | 0.00 | 1,219.89 |
2013-09-30 | 13,528.00 | 0.00 | 4,042.02 |
2013-06-30 | 12,962.89 | 0.00 | 3,943.73 |
2013-03-31 | 12,735.84 | 0.00 | 3,245.41 |
2012-12-31 | 44,930.66 | 0.38 | 764.88 |
2012-09-30 | 12,280.00 | 0.00 | 3,723.93 |
2012-06-30 | 11,942.55 | 0.00 | 3,689.88 |
2012-03-31 | 11,616.70 | 0.00 | 3,370.51 |
What is World Trade Center Moscow's current dividend yield, its reliability and sustainability?
Data Point | Source | Value |
---|---|---|
Past Annualized Dividend Yield | S&P Global Market Data | See Below |
Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
Europe Real Estate Industry Average Dividend Yield | Market Cap Weighted Average of 142 Stocks | 3% |
Russian Federation Market Average Dividend Yield | Market Cap Weighted Average of 73 Stocks | 6.3% |
Russian Federation Minimum Threshold Dividend Yield | 10th Percentile | 1.7% |
Russian Federation Bottom 25% Dividend Yield | 25th Percentile | 3.1% |
Russian Federation Top 25% Dividend Yield | 75th Percentile | 9.5% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
Date (Data in RUB) | Dividend per share (annual) | Avg. Yield (%) |
---|---|---|
2018-08-29 | 0.482 | 6.616 |
2018-04-20 | 0.482 | 6.301 |
2017-07-03 | 0.327 | 4.283 |
2016-04-13 | 0.327 | 3.659 |
2015-06-08 | 0.327 | 3.782 |
2014-08-28 | 0.327 | 3.155 |
2014-04-28 | 0.327 | 2.837 |
2013-11-14 | 0.271 | 2.547 |
2013-08-20 | 0.271 | 2.815 |
2013-05-17 | 0.271 | 2.886 |
2012-11-06 | 0.299 | 3.130 |
2012-07-31 | 0.299 | 3.199 |
2012-05-15 | 0.299 | 3.058 |
2012-05-04 | 0.299 | 2.741 |
2011-11-15 | 0.116 | 1.004 |
2011-08-15 | 0.116 | 0.942 |
2011-05-16 | 0.116 | 0.966 |
2011-04-13 | 0.116 | 1.132 |
2010-08-17 | 0.106 | 0.848 |
2010-05-26 | 0.106 | 0.933 |
2010-02-10 | 0.106 | 1.118 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
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 serves as Chairman of Management Board at Joint Stock Company World Trade Center Moscow. Mr. Strashko served as Vice-President of the Chamber of Commerce of the Russian Federation. Before the CCI, Mr. Strashko worked as Deputy Minister of Economic Development and Trade, held key positions in the executive authorities as well as in the Administration of the President of the Russian Federation / World Trade Center. He served as Chairman of the Board of Joint Stock Company World Trade Center Moscow. He served as Vice Chairman of Joint Stock Company World Trade Center Moscow since April 13, 2016. He served as Deputy Chairman of Joint Stock Company World Trade Center Moscow since May 4, 2012. He serves as a Director at Joint Stock Company World Trade Center Moscow. Mr. Strashko has been a Director of Expocentre ZAO since April 19, 2016.
Average tenure of the World Trade Center Moscow board of directors in years:
Joint Stock Company "World Trade Center Moscow" (MCX:WTCM) has returned to shareholders over the past 9 years, an average dividend yield of 2.00% annually. … Let's dig deeper into whether World Trade Center Moscow should have a place in your portfolio. … View our latest analysis for World Trade Center Moscow
Simply Wall St - – Full articleand want to begin learning the link between Joint Stock Company "World Trade Center Moscow" (MCX:WTCM)’s fundamentals and stock market performance. … Joint Stock Company "World Trade Center Moscow" (MCX:WTCM) trades with a trailing P/E of 47x, which is higher than the industry average of 8.9x. … While WTCM might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions
Simply Wall St - – Full articleView our latest analysis for World Trade Center Moscow What you must know about ROE Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … This means World Trade Center Moscow’s returns actually do not cover its own cost of equity, with a discrepancy of -12.96%. … World Trade Center Moscow’s ROE is underwhelming relative to the industry average, and its returns were also not strong enough to cover its own cost of equity.
Simply Wall St - – Full articleFormula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for WTCM Price per share = RUB8.05 Earnings per share = RUB0.158 ∴ Price-Earnings Ratio = RUB8.05 ÷ RUB0.158 = 50.9x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … For example, if you accidentally compared lower growth firms with WTCM, then WTCM’s P/E would naturally be higher since investors would reward WTCM’s higher growth with a higher price. … Alternatively, if you inadvertently compared riskier firms with WTCM, WTCM’s P/E would again be higher since investors would reward WTCM’s lower risk with a higher price as well.
Simply Wall St - – Full articleInsider Ownership Insiders form another group of important ownership types as they manage the company's operations and decide the best use of capital. … Private Company Ownership Another important group of owners for potential investors in WTCM are private companies that hold a stake of 6.59% in WTCM. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: Institutional ownership in WTCM is not at a level that would concern investors.
Simply Wall St - – Full articleJoint Stock Company "World Trade Center Moscow" (MISX:WTCM), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … Check out our latest analysis for World Trade Center Moscow Does WTCM's growth rate justify its decision for financial flexibility over lower cost of capital? … Choosing financial flexibility over capital returns make sense if WTCM is a high-growth company.
Simply Wall St - – Full article
Joint Stock Company ‘World Trade Center Moscow’ operates as a multifunctional business complex that provides congress, exhibition, office, hotel, and restaurant services in Russia. The company offers events development services, including the planning, development, and organization of corporate and special events; operates venues for conducting business, and cultural and leisure events; rents offices; and provides business, personal, and leisure planning services, as well as services for car owners. It also 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.
Name: | Joint Stock Company "World Trade Center Moscow" |
WTCM | |
Exchange: | MISX |
Founded: | |
RUB6,501,617,876 | |
910,590,739 | |
Website: | http://www.wtcmoscow.ru |
Address: |
Joint Stock Company "World Trade Center Moscow" 12 Krasnopresnenskaya embankment, Moscow, 123610, Russia |
Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
---|---|---|---|---|---|---|---|
MISX | WTCM | Ordinary Shares | Micex - Rts | RU | RUB | 01. Feb 2007 |
Real Estate Operating Companies | |
Real Estate |
Area | Date (UTC time) |
---|---|
Company Analysis updated: | 2019/02/19 22:32 |
End of day share price update: | 2019/02/19 00:00 |
Last earnings filing: | 2018/08/29 |
Last earnings reported: | 2018/06/30 |
Last annual earnings reported: | 2017/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.