Far-Eastern Shipping Company PLC. operates as a transportation and logistic company in Russia and internationally.
Good value with poor track record.
Share Price & News
How has Far-Eastern Shipping's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FESH's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: FESH underperformed the Russian Shipping industry which returned -2.9% over the past year.
Return vs Market: FESH underperformed the Russian Market which returned -3.7% over the past year.
Price Volatility Vs. Market
How volatile is Far-Eastern Shipping's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StInvestors Who Bought Far-Eastern Shipping (MCX:FESH) Shares Five Years Ago Are Now Up 173%
1 year ago | Simply Wall StFar-Eastern Shipping Company PLC (MCX:FESH): How Does It Impact Your Portfolio?
2 years ago | Simply Wall StWho Owns Most Of Far-Eastern Shipping Company PLC (MCX:FESH)?
Is Far-Eastern Shipping undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FESH (RUB5.97) is trading below our estimate of fair value (RUB9.78)
Significantly Below Fair Value: FESH is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FESH is good value based on its PE Ratio (6.7x) compared to the Shipping industry average (14.7x).
PE vs Market: FESH is good value based on its PE Ratio (6.7x) compared to the Russian market (7.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FESH's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FESH is overvalued based on its PB Ratio (5x) compared to the XE Shipping industry average (0.6x).
How is Far-Eastern Shipping forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Transportation 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 Far-Eastern Shipping 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.
- Examine whether Far-Eastern Shipping is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Far-Eastern Shipping competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Transportation industry.
How has Far-Eastern Shipping performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FESH has a large one-off gain of RUB1.4B impacting its June 30 2019 financial results.
Growing Profit Margin: FESH's current net profit margins (4.6%) are lower than last year (32.5%).
Past Earnings Growth Analysis
Earnings Trend: FESH has become profitable over the past 5 years, growing earnings by 51.3% per year.
Accelerating Growth: FESH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FESH had negative earnings growth (-84.1%) over the past year, making it difficult to compare to the Shipping industry average (-26.5%).
Return on Equity
High ROE: Whilst FESH's Return on Equity (55.36%) is outstanding, this metric is skewed due to their high level of debt.
How is Far-Eastern Shipping's financial position?
Financial Position Analysis
Short Term Liabilities: FESH's short term assets (RUB13.3B) do not cover its short term liabilities (RUB15.5B).
Long Term Liabilities: FESH's short term assets (RUB13.3B) do not cover its long term liabilities (RUB41.1B).
Debt to Equity History and Analysis
Debt Level: FESH's debt to equity ratio (637.9%) is considered high.
Reducing Debt: FESH's debt to equity ratio has increased from 218.9% to 637.9% over the past 5 years.
Inventory Level: FESH has a high level of physical assets or inventory.
Debt Coverage by Assets: FESH's debt is not covered by short term assets (assets are 0.4x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: FESH is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: Insufficient data to determine if FESH has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Far-Eastern Shipping's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FESH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate FESH's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FESH's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FESH'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 FESH's dividend in 3 years as they are not forecast to pay a notable one for the Russian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Maxim Sakharov (37yo)
Mr. Maxim Sakharov has been Chairman of the Executive Board and President at Far-Eastern Shipping Company PLC since March 2020. He served as the Vice President for Finance and Chief Financial Officer at Fa ...
|Chairman of the Executive Board & President||0.083yr||no data||no data|
|Vice President of Finance||0.083yr||no data||no data|
|VP of Port Division & Member of the Executive Board||no data||no data||no data|
|Member of the Executive Board & VP of Human Resources||2yrs||no data||no data|
|Member of the Executive Board & VP of Rail Division||2yrs||no data||no data|
|Member of the Executive Board and VP Liner & Logistics Division||2yrs||no data||no data|
|Member of the Executive Board & VP of External Relations||1.33yrs||no data||no data|
|VP for Security & Member of the Executive Board||0.83yr||no data||no data|
|VP of Legal & Corporate and Member of the Management Board||0.25yr||no data||no data|
|Head of Investor Relations||no data||no data||no data|
Experienced Management: FESH's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
|Director||1.92yrs||no data||no data|
|Director||7.08yrs||no data||no data|
|Member of Audit Commission||no data||no data||no data|
|Director||2.33yrs||no data||no data|
|Deputy Chairman of the Board of Directors||2.25yrs||no data||no data|
|Chairman of the Board||2.25yrs||no data||no data|
|Member of Audit Comission||no data||no data||no data|
|Director||2.33yrs||no data||no data|
|Director||1.92yrs||no data||no data|
|Director||1.83yrs||no data||no data|
Experienced Board: FESH's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Far-Eastern Shipping Company PLC.'s company bio, employee growth, exchange listings and data sources
- Name: Far-Eastern Shipping Company PLC.
- Ticker: FESH
- Exchange: MISX
- Founded: 1880
- Industry: Marine
- Sector: Transportation
- Market Cap: ₽19.891b
- Shares outstanding: 2.95b
- Website: https://www.fesco.ru
- Far-Eastern Shipping Company PLC.
- 75, Sadovnicheskaya street
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FESH||MISX (Micex - Rts)||Yes||Common Shares||RU||RUB||Sep 1995|
Far-Eastern Shipping Company PLC. operates as a transportation and logistic company in Russia and internationally. The company’s products and services include container transportation, port and terminal, Ro-Ro transportation, sea freight shipping, rail transportation, ship agency, and container tracking services, as well as project logistics and logistics solutions. It operates a fleet of 21 vessels. Far-Eastern Shipping Company PLC. was founded in 1880 and is headquartered in Moscow, Russia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/03 22:26|
|End of Day Share Price||2020/04/03 00:00|
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.