MISX:MORI

Stock Analysis Report

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Executive Summary

Morion Inc. engages in developing, manufacturing, and servicing telecommunication equipment for special purpose communication, public communication, and local and technological networks in Russia.


Snowflake Analysis

Flawless balance sheet with solid track record.

Share Price & News

How has Morion's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MORI has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

MORI

8.0%

RU Communications

3.9%

RU Market


1 Year Return

0%

MORI

-4.4%

RU Communications

2.3%

RU Market

Return vs Industry: MORI exceeded the Russian Communications industry which returned -8% over the past year.

Return vs Market: MORI exceeded the Russian Market which returned -1.1% over the past year.


Shareholder returns

MORIIndustryMarket
7 Day0%8.0%3.9%
30 Day0%14.3%6.7%
90 Day0%17.9%-1.9%
1 Year27.0%0%-3.5%-4.4%9.1%2.3%
3 Year42.2%0%1.9%-3.1%65.3%39.0%
5 Year206.5%115.5%-9.7%-20.3%120.6%71.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Morion undervalued compared to its fair value and its price relative to the market?

18.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MORI (RUB4.31) is trading below our estimate of fair value (RUB5.3)

Significantly Below Fair Value: MORI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: MORI is good value based on its PE Ratio (5.3x) compared to the Communications industry average (17.1x).

PE vs Market: MORI is good value based on its PE Ratio (5.3x) compared to the Russian market (8.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MORI is good value based on its PB Ratio (0.5x) compared to the XE Communications industry average (1.7x).


Next Steps

Future Growth

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

22.7%

Forecasted Tech 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 Morion 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 Morion performed over the past 5 years?

13.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MORI has high quality earnings.

Growing Profit Margin: MORI's current net profit margins (9.6%) are higher than last year (7.8%).


Past Earnings Growth Analysis

Earnings Trend: MORI's earnings have grown by 13.8% per year over the past 5 years.

Accelerating Growth: MORI's earnings growth over the past year (38.5%) exceeds its 5-year average (13.8% per year).

Earnings vs Industry: MORI earnings growth over the past year (38.5%) exceeded the Communications industry 13.9%.


Return on Equity

High ROE: MORI's Return on Equity (10.2%) is considered low.


Next Steps

Financial Health

How is Morion's financial position?


Financial Position Analysis

Short Term Liabilities: MORI's short term assets (RUB1.4B) exceed its short term liabilities (RUB734.6M).

Long Term Liabilities: MORI's short term assets (RUB1.4B) exceed its long term liabilities (RUB25.1M).


Debt to Equity History and Analysis

Debt Level: MORI is debt free.

Reducing Debt: MORI has not had any debt for past 5 years.

Debt Coverage: MORI has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: MORI has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Morion's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate MORI'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 MORI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MORI'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 MORI'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?

3.9yrs

Average board tenure


CEO

Buskin Vladimirovich (66yo)

no data

Tenure

Mr. Viktor Vladimirovich Buskin serves as Director General and Member of the Board of Directors at Morion Inc. Mr. Buskin holds a position in governing bodies of OJSC Takt. 


Board Members

NamePositionTenureCompensationOwnership
Buskin Vladimirovich
Director General & Directorno datano datano data
Ludmila Khovrina
Directorno datano datano data
Mikhail Nyashin
Directorno datano datano data
Natalia Shepeleva
Directorno datano datano data
Zulfiya Lukashova
Deputy Chairman3.92yrsno datano data
Sergey Levakov
Directorno datano datano data
Eduard Trushnikov
Directorno datano datano data
Galina Grigorieva
Directorno datano datano data
Maksim Lyzov
Deputy Chairman4.92yrsno datano data
Georgy Tkachenko
Chairman of the Board3.92yrsno datano data

3.9yrs

Average Tenure

51yo

Average Age

Experienced Board: MORI's board of directors are considered experienced (3.9 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

Morion Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Morion Inc.
  • Ticker: MORI
  • Exchange: MISX
  • Founded: 1957
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: ₽709.598m
  • Shares outstanding: 164.64m
  • Website: https://www.morion.ru

Location

  • Morion Inc.
  • 111 Shosse Kosmonavtov
  • Perm
  • Permskaya obl.
  • 614066
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MORIMISX (Micex - Rts)YesShare CapitalRURUBOct 2003

Biography

Morion Inc. engages in developing, manufacturing, and servicing telecommunication equipment for special purpose communication, public communication, and local and technological networks in Russia. Its products include transmission systems over fiber-optic and copper communication cables; primary multiplexers, optical converters and regenerators, and PDH and SDH systems; and digital switching equipment, pair gain xDSL equipment, and trans multiplexers. The company’s products also comprise technological communication systems for organization and corporate networks, and cable line channels; test and measurement equipment, AC/DC converters, and uninterruptible power supply kits; and cross equipment, cabinets, racks, frames, and station installation equipment. In addition, it provides technical assistance, mounting and commissioning, specialist training, and integrated tests and trails services; contract production services; and measuring equipment testing and calibration services. Further, the company leases production, warehouse, and office space. Morion Inc. was founded in 1957 and is based in Perm, Russia. Morion Inc. is a subsidiary of Rubikon, OOO. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/02 22:44
End of Day Share Price2020/06/02 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.