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World Trade Center Moscow

MISX:WTCM
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WTCM
MISX
RUB7B
Market Cap
  1. Home
  2. RU
  3. Real Estate
Company description

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.


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WTCM Share Price and Events
7 Day Returns
-0.6%
MISX:WTCM
0.1%
Europe Real Estate
-0.5%
RU Market
1 Year Returns
1.3%
MISX:WTCM
10.1%
Europe Real Estate
3.1%
RU Market
WTCM Shareholder Return
  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%
1 Year Return vs Industry and Market
  • WTCM underperformed the Real Estate industry which returned 10.1% over the past year.
  • WTCM underperformed the Market in Russian Federation which returned 3.1% over the past year.
Price Volatility
WTCM
Industry
5yr Volatility vs Market

Value

 Is World Trade Center Moscow undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of World Trade Center Moscow to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for World Trade Center Moscow.

MISX:WTCM Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for MISX:WTCM
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.

MISX:WTCM DCF 1st Stage: Next 5 year cash flow forecast
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
MISX:WTCM DCF 2nd Stage: Terminal Value
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
MISX:WTCM Total Equity Value
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
MISX:WTCM Discount to Share Price
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 .

Current Discount
Amount off the current price World Trade Center Moscow is available for.
Intrinsic value
>50%
Share price is RUB7.14 vs Future cash flow value of RUB15.91
Current Discount Checks
For World Trade Center Moscow to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • World Trade Center Moscow's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • World Trade Center Moscow's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for World Trade Center Moscow's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are World Trade Center Moscow's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MISX:WTCM PE (Price to Earnings) Ratio Data Sources
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.

MISX:WTCM PE (Price to Earnings) Ratio Calculation
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 >

  • World Trade Center Moscow is overvalued based on earnings compared to the Europe Real Estate industry average.
  • World Trade Center Moscow is overvalued based on earnings compared to the Russian Federation market.
Price based on expected Growth
Does World Trade Center Moscow's expected growth come at a high price?
Raw Data
MISX:WTCM PEG (Price to Earnings to Growth) Ratio Data Sources
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 >

  • Unable to calculate PEG ratio for World Trade Center Moscow, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on World Trade Center Moscow's assets?
Raw Data
MISX:WTCM PB (Price to Book) Ratio Data Sources
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
MISX:WTCM PB (Price to Book) Ratio Calculation
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 >

  • World Trade Center Moscow is good value based on assets compared to the Europe Real Estate industry average.
X
Value checks
We assess World Trade Center Moscow's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. World Trade Center Moscow has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

  • No analysts cover World Trade Center Moscow, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
34.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is World Trade Center Moscow expected to grow at an attractive rate?
  • World Trade Center Moscow's earnings growth is expected to exceed the low risk savings rate of 8.4%.
Growth vs Market Checks
  • World Trade Center Moscow's earnings growth is expected to exceed the Russian Federation market average.
  • Unable to compare World Trade Center Moscow's revenue growth to the Russian Federation market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
MISX:WTCM Future Growth Rates Data Sources
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.

Analysts growth expectations
Raw Data
MISX:WTCM Analysts Growth Expectations Data Sources
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 numbers in RUB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MISX:WTCM Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • World Trade Center Moscow's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if World Trade Center Moscow is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
MISX:WTCM Past and Future Earnings per Share
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.

MISX:WTCM Past Financials Data
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.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if World Trade Center Moscow will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess World Trade Center Moscow's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
World Trade Center Moscow has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare World Trade Center Moscow's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • World Trade Center Moscow's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • World Trade Center Moscow has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • World Trade Center Moscow has become profitable in the last year making it difficult to compare the Europe Real Estate industry average.
Earnings and Revenue History
World Trade Center Moscow's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

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.

MISX:WTCM Past Revenue, Cash Flow and Net Income Data
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.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • World Trade Center Moscow has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • World Trade Center Moscow used its assets less efficiently than the Europe Real Estate industry average last year based on Return on Assets.
  • World Trade Center Moscow has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess World Trade Center Moscow's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
World Trade Center Moscow has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is World Trade Center Moscow's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up World Trade Center Moscow's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • World Trade Center Moscow is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • World Trade Center Moscow's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of World Trade Center Moscow's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 14252.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from World Trade Center Moscow Company Filings, last reported 7 months ago.

MISX:WTCM Past Debt and Equity Data
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
  • World Trade Center Moscow's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (0% vs 0% today).
  • Debt is well covered by operating cash flow (599820.7%, greater than 20% of total debt).
  • World Trade Center Moscow earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess World Trade Center Moscow's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. World Trade Center Moscow has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.75%
Current annual income from World Trade Center Moscow dividends.
If you bought RUB2,000 of World Trade Center Moscow shares you are expected to receive RUB135 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • World Trade Center Moscow's pays a higher dividend yield than the bottom 25% of dividend payers in Russian Federation (3.13%).
  • World Trade Center Moscow's dividend is below the markets top 25% of dividend payers in Russian Federation (9.53%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
MISX:WTCM Annualized Past and Future Dividends
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.

MISX:WTCM Past Annualized Dividends Data
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 >

  • Whilst dividend payments have been stable, World Trade Center Moscow has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but World Trade Center Moscow only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of World Trade Center Moscow's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess World Trade Center Moscow's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can World Trade Center Moscow afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. World Trade Center Moscow has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of World Trade Center Moscow's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Vladimir Strashko
TENURE AS CEO 2.8 years
CEO Bio

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.

CEO Compensation
  • Insufficient data for Vladimir to compare compensation growth.
  • Insufficient data for Vladimir to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team

Vladimir Strashko

TITLE
Chairman of Mgmt. Board
TENURE
2.8 yrs

Vera Bogoslovskaya

TITLE
Chief Accountant & Member of Mgmt. Board

Sergei Davydov

TITLE
First Deputy General Director & Member of Mgmt. Board

Vladimir Pasik

TITLE
Deputy General Director & Member of Mgmt. Board

Vadim Subbotin

TITLE
Deputy General Director & Member of Mgmt. Board
AGE
53
TENURE
2.8 yrs

Alexei Parshikov

TITLE
Director of Corporate Governance & Legal Affairs Dept.
Board of Directors Tenure

Average tenure of the World Trade Center Moscow board of directors in years:

1.6
Average Tenure
  • The average tenure for the World Trade Center Moscow board of directors is less than 3 years, this suggests a new board.
Board of Directors

Sergei Katyrin

TITLE
Chairman of the Board
TENURE
5.8 yrs

Vladimir Strashko

TITLE
Chairman of Mgmt. Board

Nikolai Lipatnikov

TITLE
Director

Anatoly Gavrilenko

TITLE
Director

Sergei Bednov

TITLE
Director
AGE
61

Efim Basin

TITLE
Director

Marina Yefimova

TITLE
Director
TENURE
1.4 yrs

Yuriy Shafranik

TITLE
Director
TENURE
1.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (RUB) Value (RUB)
X
Management checks
We assess World Trade Center Moscow's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. World Trade Center Moscow has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Joint Stock Company "World Trade Center Moscow" (MCX:WTCM) A Top Dividend Stock?

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 -

Should You Sell Joint Stock Company "World Trade Center Moscow" (MCX:WTCM) At This PE Ratio?

and 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 -

Will Joint Stock Company "World Trade Center Moscow" (MCX:WTCM) Continue To Underperform Its Industry?

View 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 -

Is Joint Stock Company "World Trade Center Moscow" (MCX:WTCM) A Sell At Its Current PE Ratio?

Formula 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 -

What You Must Know About Joint Stock Company "World Trade Center Moscow"'s (MCX:WTCM) Major Investors

Insider 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.

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What You Must Know About Joint Stock Company "World Trade Center Moscow"'s (MCX:WTCM) Financial Health

Joint 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.

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Company Info

Map
Description

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.

Details
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
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
MISX WTCM Ordinary Shares Micex - Rts RU RUB 01. Feb 2007
Number of employees
Current staff
Staff numbers
0
World Trade Center Moscow employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
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.