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MTSS

Mobile TeleSystemsMISX:MTSS Stock Report

Market Cap

US$500.0b

7D

-3.3%

1Y

-8.9%

Updated

29 Nov, 2021

Data

Company Financials +
MTSS fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance4/6
Financial Health2/6
Dividends4/6

MTSS Stock Overview

Mobile TeleSystems Public Joint Stock Company provides telecommunication services primarily in Russia.

Mobile TeleSystems Competitors

Alibaba Group Holding

NYSE:BABA

US$356.8b

Vodafone Group

LSE:VOD

UK£29.9b

Telia Company

OM:TELIA

kr144.7b

Koninklijke KPN

ENXTAM:KPN

€10.8b

Price History & Performance

Summary of all time highs, changes and price drops for Mobile TeleSystems
Historical stock prices
Current Share PriceUS$295.55
52 Week HighUS$350.95
52 Week LowUS$294.80
Beta0.98
1 Month Change-4.68%
3 Month Change-10.48%
1 Year Change-8.92%
3 Year Change19.08%
5 Year Change18.96%
Change since IPO30.20%

Recent News & Updates

Shareholder Returns

MTSSRU Wireless TelecomRU Market
7D-3.3%-4.1%-1.5%
1Y-8.9%0.5%30.5%

Return vs Industry: MTSS underperformed the Russian Wireless Telecom industry which returned -1.2% over the past year.

Return vs Market: MTSS underperformed the Russian Market which returned 27.7% over the past year.

Price Volatility

Is MTSS's price volatile compared to industry and market?
MTSS volatility
MTSS Average Weekly Movement1.6%
Wireless Telecom Industry Average Movement3.7%
Market Average Movement4.8%
10% most volatile stocks in RU Market11.4%
10% least volatile stocks in RU Market2.3%

Stable Share Price: MTSS is less volatile than 75% of Russian stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: MTSS's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1993n/aVyacheslav Nikolaevhttps://www.ir.mts.ru

Mobile TeleSystems Public Joint Stock Company provides telecommunication services primarily in Russia. It offers voice and data transmission, internet access, broadband, pay TV, and various value added services through wireless and fixed lines; financial services; and integration services, as well as sells equipment, accessories, and software. The company also provides cloud computing services, data analysis tools, cybersecurity systems, and intelligent IoT solutions for B2B clients; provides My MTS self care app, mobile music, mobile TV, and video-on demand; and owns eSport clubs and MTS online shop.

Mobile TeleSystems Fundamentals Summary

How do Mobile TeleSystems's earnings and revenue compare to its market cap?
MTSS fundamental statistics
Market Cap₽500.03b
Earnings (TTM)₽62.57b
Revenue (TTM)₽524.39b

8.0x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MTSS income statement (TTM)
Revenue₽524.39b
Cost of Revenue₽201.20b
Gross Profit₽323.19b
Expenses₽260.62b
Earnings₽62.57b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)74.57
Gross Margin61.63%
Net Profit Margin11.93%
Debt/Equity Ratio15,184.1%

How did MTSS perform over the long term?

See historical performance and comparison

Dividends

12.4%

Current Dividend Yield

101%

Payout Ratio

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MTSS (RUB295.55) is trading below our estimate of fair value (RUB1419.27)

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


Price To Earnings Ratio

PE vs Industry: MTSS is good value based on its PE Ratio (8x) compared to the European Wireless Telecom industry average (14x).

PE vs Market: MTSS is good value based on its PE Ratio (8x) compared to the Russian market (8.4x).


Price to Earnings Growth Ratio

PEG Ratio: MTSS is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: MTSS has negative assets, so we can't compare its PB Ratio to the XE Wireless Telecom industry average.


Future Growth

How is Mobile TeleSystems forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

8.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MTSS's forecast earnings growth (8.8% per year) is above the savings rate (7.3%).

Earnings vs Market: MTSS's earnings (8.8% per year) are forecast to grow faster than the Russian market (2.6% per year).

High Growth Earnings: MTSS's earnings are forecast to grow, but not significantly.

Revenue vs Market: MTSS's revenue (3.9% per year) is forecast to grow faster than the Russian market (3.8% per year).

High Growth Revenue: MTSS's revenue (3.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MTSS's Return on Equity is forecast to be very high in 3 years time (71.4%).


Past Performance

How has Mobile TeleSystems performed over the past 5 years?

3.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MTSS has high quality earnings.

Growing Profit Margin: MTSS's current net profit margins (11.9%) are higher than last year (11.3%).


Past Earnings Growth Analysis

Earnings Trend: MTSS's earnings have grown by 3.7% per year over the past 5 years.

Accelerating Growth: MTSS's earnings growth over the past year (12.5%) exceeds its 5-year average (3.7% per year).

Earnings vs Industry: MTSS earnings growth over the past year (12.5%) underperformed the Wireless Telecom industry 56.8%.


Return on Equity

High ROE: Whilst MTSS's Return on Equity (2141.76%) is outstanding, this metric is skewed due to their high level of debt.


Financial Health

How is Mobile TeleSystems's financial position?


Financial Position Analysis

Short Term Liabilities: MTSS's short term assets (RUB228.2B) do not cover its short term liabilities (RUB395.6B).

Long Term Liabilities: MTSS's short term assets (RUB228.2B) do not cover its long term liabilities (RUB556.1B).


Debt to Equity History and Analysis

Debt Level: MTSS's net debt to equity ratio (10192.8%) is considered high.

Reducing Debt: MTSS's debt to equity ratio has increased from 197.1% to 15184.1% over the past 5 years.

Debt Coverage: MTSS's debt is well covered by operating cash flow (29.9%).

Interest Coverage: MTSS's interest payments on its debt are well covered by EBIT (3.3x coverage).


Balance Sheet


Dividend

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

12.44%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MTSS's dividend (12.44%) is higher than the bottom 25% of dividend payers in the Russian market (2.98%).

High Dividend: MTSS's dividend (12.44%) is in the top 25% of dividend payers in the Russian market (8.11%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (101.2%), MTSS's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MTSS's dividends in 3 years are forecast to be covered by earnings (72.1% payout ratio).


Next Steps

Management

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

2.0yrs

Average management tenure


CEO

Vyacheslav Nikolaev (51 yo)

0.67

Tenure

Mr. Vyacheslav Konstantinovich Nikolaev serves as Executive Director at Mobile TeleSystems PJSC since June 23, 2021. He has been First Vice President for Client Experience, Marketing and Ecosystem Developm...


Leadership Team

Experienced Management: MTSS's management team is considered experienced (2 years average tenure).


Board Members

Experienced Board: MTSS's board of directors are not considered experienced ( 1.4 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

Mobile TeleSystems Public Joint Stock Company's employee growth, exchange listings and data sources


Key Information

  • Name: Mobile TeleSystems Public Joint Stock Company
  • Ticker: MTSS
  • Exchange: MISX
  • Founded: 1993
  • Industry: Wireless Telecommunication Services
  • Sector: Telecom
  • Market Cap: US$6.688b
  • Listing Market Cap: US$500.028b
  • Shares outstanding: 839.09m
  • Website: https://www.ir.mts.ru

Number of Employees


Location

  • Mobile TeleSystems Public Joint Stock Company
  • Building 2
  • 5, Vorontsovskaya Street
  • Moscow
  • 109147
  • Russia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/29 22:53
End of Day Share Price2021/11/29 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.