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Novorossiysk Commercial Sea Port

MISX:NMTP
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NMTP
MISX
RUB131B
Market Cap
  1. Home
  2. RU
  3. Transportation
Company description

Public Joint Stock Company Novorossiysk Commercial Sea Port, together with its subsidiaries, provides stevedoring, other port, and sea vessel services in Russia. The last earnings update was 20 days ago. More info.


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NMTP Share Price and Events
7 Day Returns
-1.1%
MISX:NMTP
-0.7%
Europe Infrastructure
-0.8%
RU Market
1 Year Returns
-2.7%
MISX:NMTP
-4.5%
Europe Infrastructure
7.6%
RU Market
NMTP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Novorossiysk Commercial Sea Port (NMTP) -1.1% -0.8% 3% -2.7% 79% 215%
Europe Infrastructure -0.7% 0.1% 10.8% -4.5% 26.4% 42.6%
RU Market -0.8% 2.6% 4.3% 7.6% 30.5% 93.5%
1 Year Return vs Industry and Market
  • NMTP outperformed the Infrastructure industry which returned -4.5% over the past year.
  • NMTP underperformed the Market in Russian Federation which returned 7.6% over the past year.
Price Volatility
NMTP
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Novorossiysk Commercial Sea Port 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 Novorossiysk Commercial Sea Port 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 Novorossiysk Commercial Sea Port.

MISX:NMTP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 20.2%
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:NMTP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year RU Govt Bond Rate 8.4%
Equity Risk Premium S&P Global 9.4%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.985 (1 + (1- 20%) (49.53%))
1.252
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.25
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.44% + (1.252 * 9.43%)
20.24%

Discounted Cash Flow Calculation for MISX:NMTP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Novorossiysk Commercial Sea Port is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

MISX:NMTP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 20.24%)
2019 412.62 Est @ 3.53% 343.15
2020 433.27 Est @ 5% 299.66
2021 459.41 Est @ 6.03% 264.25
2022 490.45 Est @ 6.76% 234.61
2023 526.06 Est @ 7.26% 209.28
2024 566.12 Est @ 7.61% 187.30
2025 610.63 Est @ 7.86% 168.01
2026 659.70 Est @ 8.04% 150.95
2027 713.51 Est @ 8.16% 135.78
2028 772.32 Est @ 8.24% 122.23
Present value of next 10 years cash flows $2,115.22
MISX:NMTP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $772.32 × (1 + 8.44%) ÷ (20.24% – 8.44%)
$7,095.17
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $7,095.17 ÷ (1 + 20.24%)10
$1,122.88
MISX:NMTP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,115.22 + $1,122.88
$3,238.10
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,238.10 / 18,482.93
$0.18
MISX:NMTP Discount to Share Price
Calculation Result
Exchange Rate USD/RUB
(Reporting currency to currency of MISX:NMTP)
63.95
Value per Share
(RUB)
= Value per Share in USD x Exchange Rate (USD/RUB)
= $0.18 x 63.95
RUB11.2
Value per share (RUB) From above. RUB11.20
Current discount Discount to share price of RUB7.11
= -1 x (RUB7.11 - RUB11.20) / RUB11.20
36.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Novorossiysk Commercial Sea Port is available for.
Intrinsic value
37%
Share price is RUB7.11 vs Future cash flow value of RUB11.2
Current Discount Checks
For Novorossiysk Commercial Sea Port to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Novorossiysk Commercial Sea Port's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Novorossiysk Commercial Sea Port's share price is below the future cash flow value, but not 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 Novorossiysk Commercial Sea Port's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Novorossiysk Commercial Sea Port's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MISX:NMTP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.01
MISX:NMTP Share Price ** MISX (2019-04-18) in RUB RUB7.11
MISX:NMTP Share Price converted to USD reporting currency Exchange rate (RUB/ USD) 0.016 $0.11
Europe Infrastructure Industry PE Ratio Median Figure of 30 Publicly-Listed Infrastructure Companies 21.69x
Russian Federation Market PE Ratio Median Figure of 130 Publicly-Listed Companies 7.39x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Novorossiysk Commercial Sea Port.

MISX:NMTP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= MISX:NMTP Share Price ÷ EPS (both in USD)

= 0.11 ÷ 0.01

7.77x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Novorossiysk Commercial Sea Port is good value based on earnings compared to the Europe Infrastructure industry average.
  • Novorossiysk Commercial Sea Port is overvalued based on earnings compared to the Russian Federation market.
Price based on expected Growth
Does Novorossiysk Commercial Sea Port's expected growth come at a high price?
Raw Data
MISX:NMTP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.77x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-13.7%per year
Europe Infrastructure Industry PEG Ratio Median Figure of 21 Publicly-Listed Infrastructure Companies 2.54x
Russian Federation Market PEG Ratio Median Figure of 33 Publicly-Listed Companies 0.51x

*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 Novorossiysk Commercial Sea Port, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Novorossiysk Commercial Sea Port's assets?
Raw Data
MISX:NMTP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.04
MISX:NMTP Share Price * MISX (2019-04-18) in RUB RUB7.11
MISX:NMTP Share Price converted to USD reporting currency Exchange rate (RUB/ USD) 0.016 $0.11
Europe Infrastructure Industry PB Ratio Median Figure of 37 Publicly-Listed Infrastructure Companies 2.22x
Russian Federation Market PB Ratio Median Figure of 150 Publicly-Listed Companies 0.83x
MISX:NMTP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= MISX:NMTP Share Price ÷ Book Value per Share (both in USD)

= 0.11 ÷ 0.04

2.84x

* Primary Listing of Novorossiysk Commercial Sea Port.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Novorossiysk Commercial Sea Port is overvalued based on assets compared to the Europe Infrastructure industry average.
X
Value checks
We assess Novorossiysk Commercial Sea Port'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 Infrastructure 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 Infrastructure industry average (and greater than 0)? (1 check)
  5. Novorossiysk Commercial Sea Port has a total score of 2/6, 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 Novorossiysk Commercial Sea Port expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover Novorossiysk Commercial Sea Port, 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
-13.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Novorossiysk Commercial Sea Port expected to grow at an attractive rate?
  • Novorossiysk Commercial Sea Port's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 8.4%.
Growth vs Market Checks
  • Novorossiysk Commercial Sea Port's earnings are expected to decrease over the next 1-3 years, this is below the Russian Federation market average.
  • Novorossiysk Commercial Sea Port's revenue growth is positive but not above the Russian Federation market average.
Annual Growth Rates Comparison
Raw Data
MISX:NMTP Future Growth Rates Data Sources
Data Point Source Value (per year)
MISX:NMTP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -13.7%
MISX:NMTP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 0.8%
Europe Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 7%
Europe Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
Russian Federation Market Earnings Growth Rate Market Cap Weighted Average 3.8%
Russian Federation Market Revenue Growth Rate Market Cap Weighted Average 4.4%

*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:NMTP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MISX:NMTP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 964 1
2020-12-31 936 1
2019-12-31 897 1
MISX:NMTP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 951 517 264
2018-09-30 951 492 291
2018-06-30 931 491 329
2018-03-31 911 462 355
2017-12-31 900 464 468
2017-09-30 878 506 500
2017-06-30 872 472 511
2017-03-31 871 463 609
2016-12-31 866 495 627
2016-09-30 872 495 252
2016-06-30 881 528 30
2016-03-31 879 541 56

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Novorossiysk Commercial Sea Port's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Novorossiysk Commercial Sea Port's revenue is expected to grow by 0.8% yearly, however this is not considered high growth (20% yearly).
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:NMTP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Novorossiysk Commercial Sea Port Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:NMTP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
MISX:NMTP Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.01
2018-09-30 0.02
2018-06-30 0.02
2018-03-31 0.02
2017-12-31 0.03
2017-09-30 0.03
2017-06-30 0.03
2017-03-31 0.03
2016-12-31 0.03
2016-09-30 0.01
2016-06-30 0.00
2016-03-31 0.00

*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.
  • Novorossiysk Commercial Sea Port is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Novorossiysk Commercial Sea Port'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.
Novorossiysk Commercial Sea Port has a total score of 1/6, 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 Novorossiysk Commercial Sea Port 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 Novorossiysk Commercial Sea Port's growth in the last year to its industry (Infrastructure).
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.
  • Novorossiysk Commercial Sea Port has delivered over 20% year on year earnings growth in the past 5 years.
  • Novorossiysk Commercial Sea Port's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Novorossiysk Commercial Sea Port's 1-year earnings growth is negative, it can't be compared to the Europe Infrastructure industry average.
Earnings and Revenue History
Novorossiysk Commercial Sea Port'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 Novorossiysk Commercial Sea Port Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:NMTP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 951.25 264.27
2018-09-30 950.77 290.99 3.98
2018-06-30 931.45 329.01 3.83
2018-03-31 911.24 354.73 3.56
2017-12-31 899.83 468.23
2017-09-30 877.84 500.37 -17.17
2017-06-30 872.49 511.26 -12.07
2017-03-31 870.82 609.08 -3.12
2016-12-31 865.59 626.53 2.50
2016-09-30 871.82 252.03 37.07
2016-06-30 881.04 30.39 36.07
2016-03-31 878.62 55.92 35.77
2015-12-31 877.19 -84.29 35.13
2015-09-30 863.40 -284.57 36.53
2015-06-30 882.66 -318.26 42.11
2015-03-31 920.04 -325.77 42.16
2014-12-31 955.65 -428.63 48.54
2014-09-30 983.62 -205.18 45.70
2014-06-30 971.38 13.86 46.70
2014-03-31 944.11 -180.85 49.60
2013-12-31 928.09 -109.79 51.26
2013-09-30 939.19 92.99 59.74
2013-06-30 960.42 183.77 60.97
2013-03-31 998.42 94.87 61.57
2012-12-31 1,033.68 310.77 62.06
2012-09-30 1,053.38 373.41 57.29
2012-06-30 1,096.50 43.57 55.49

*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.
  • Whilst Novorossiysk Commercial Sea Port has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Novorossiysk Commercial Sea Port used its assets more efficiently than the Europe Infrastructure industry average last year based on Return on Assets.
  • Novorossiysk Commercial Sea Port's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Novorossiysk Commercial Sea Port'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 Infrastructure 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.
Novorossiysk Commercial Sea Port has a total score of 2/6, 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 Novorossiysk Commercial Sea Port'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 Novorossiysk Commercial Sea Port's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Novorossiysk Commercial Sea Port's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Novorossiysk Commercial Sea Port's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Novorossiysk Commercial Sea Port'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 not covered by short term assets, assets are 0.2x 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 Novorossiysk Commercial Sea Port Company Filings, last reported 3 months ago.

MISX:NMTP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 732.00 1,017.04 172.87
2018-09-30 795.74 1,111.31 335.32
2018-06-30 905.63 1,106.98 227.19
2018-03-31 958.11 1,208.01 225.84
2017-12-31 842.80 1,196.43 121.53
2017-09-30 725.08 1,296.65 150.18
2017-06-30 598.84 1,294.58 122.74
2017-03-31 832.23 1,394.61 348.39
2016-12-31 591.30 1,395.84 234.14
2016-09-30 460.97 1,496.61 383.21
2016-06-30 484.82 1,497.09 331.65
2016-03-31 330.72 1,510.39 238.68
2015-12-31 92.77 1,511.52 108.67
2015-09-30 321.14 1,588.06 318.69
2015-06-30 472.58 1,589.51 302.46
2015-03-31 358.87 1,804.47 403.58
2014-12-31 293.77 1,814.19 311.13
2014-09-30 930.31 1,978.36 447.13
2014-06-30 1,219.49 2,004.60 406.26
2014-03-31 995.81 2,174.00 481.66
2013-12-31 1,118.68 2,200.43 421.94
2013-09-30 1,334.16 2,217.74 378.51
2013-06-30 1,234.23 2,231.00 327.15
2013-03-31 1,335.30 2,256.80 318.29
2012-12-31 1,328.32 2,275.36 243.09
2012-09-30 1,310.68 2,282.68 179.91
2012-06-30 1,064.51 2,298.59 156.84
  • Novorossiysk Commercial Sea Port's level of debt (138.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (196.9% vs 138.9% today).
  • Debt is well covered by operating cash flow (50.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.8x coverage).
X
Financial health checks
We assess Novorossiysk Commercial Sea Port'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. Novorossiysk Commercial Sea Port has a total score of 3/6, 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 Novorossiysk Commercial Sea Port'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
6.85%
Current annual income from Novorossiysk Commercial Sea Port dividends.
If you bought RUB2,000 of Novorossiysk Commercial Sea Port shares you are expected to receive RUB137 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?
  • Novorossiysk Commercial Sea Port's pays a higher dividend yield than the bottom 25% of dividend payers in Russian Federation (3.21%).
  • Novorossiysk Commercial Sea Port's dividend is below the markets top 25% of dividend payers in Russian Federation (9.19%).
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:NMTP 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 1 Analyst Estimates (S&P Global) See Below
Europe Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 3.4%
Russian Federation Market Average Dividend Yield Market Cap Weighted Average of 75 Stocks 6.8%
Russian Federation Minimum Threshold Dividend Yield 10th Percentile 1.8%
Russian Federation Bottom 25% Dividend Yield 25th Percentile 3.2%
Russian Federation Top 25% Dividend Yield 75th Percentile 9.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

MISX:NMTP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
MISX:NMTP Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-11-20 0.008 7.516
2018-10-04 0.015 16.008
2017-04-18 0.018 17.717
2016-12-06 0.008 7.942
2016-08-12 0.008 9.423
2016-05-11 0.002 2.479
2015-05-13 0.003 8.175
2015-04-02 0.004 14.952
2014-08-29 0.001 2.426
2014-06-30 0.001 1.103
2014-05-02 0.001 0.984
2013-08-29 0.001 0.918
2013-04-17 0.001 0.814
2012-06-22 0.001 0.753
2012-04-16 0.001 0.793
2011-10-27 0.001 0.807
2011-07-01 0.001 0.778
2011-04-15 0.001 0.658
2010-09-20 0.004 3.151
2010-06-10 0.004 2.727
2010-02-10 0.004 2.531

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Novorossiysk Commercial Sea Port has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Novorossiysk Commercial Sea Port only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Novorossiysk Commercial Sea Port'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 Novorossiysk Commercial Sea Port's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - 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 Novorossiysk Commercial Sea Port afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Novorossiysk Commercial Sea Port 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 Novorossiysk Commercial Sea Port'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
Sergey Kireev
COMPENSATION $287
AGE 58
TENURE AS CEO 1.3 years
CEO Bio

Mr. Sergey Kireev has been General Director of Public Joint Stock Company Novorossiysk Commercial Sea Port since January 2018 and has been its Chairman since 2018 and serves as its Director. Mr. Kireev served as an Interim General Director of Public Joint Stock Company Novorossiysk Commercial Sea Port from November 15, 2017 to January 2018 . Mr. Kireev served as Deputy General Director of Development Department at Public Joint Stock Company Novorossiysk Commercial Sea Port since September 14, 2011 and served as its Director from June 27, 2014 to June 24, 2016.

CEO Compensation
  • Sergey's compensation has been consistent with company performance over the past year.
  • Insufficient data for Sergey to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the Novorossiysk Commercial Sea Port management team in years:

1.3
Average Tenure
55
Average Age
  • The average tenure for the Novorossiysk Commercial Sea Port management team is less than 2 years, this suggests a new team.
Management Team

Sergey Kireev

TITLE
Chairman of the Board
COMPENSATION
$287
AGE
58
TENURE
1.3 yrs

German Borovok Kachan

TITLE
Chief Accountant & Member of Management Board
AGE
56

Eduard Borovok

TITLE
Head of Group Legal Services
AGE
55

Igor Terentyev

TITLE
First Deputy General Director & Member of Management Board
AGE
47
TENURE
6.2 yrs

Alexander Lesnyak

TITLE
Executive Director & Member of Management Board
TENURE
1.3 yrs

Mikhail Savchenkov

TITLE
Deputy General Director of Security & Member of Management Board
TENURE
1.3 yrs

Yuriy Sidelnikov

TITLE
Deputy Director General
TENURE
1.3 yrs

Roman Fedotov

TITLE
Deputy General Director & Member of Management Board
TENURE
1.3 yrs

Mikhail Stepanko

TITLE
Human Resources Director
AGE
48

Igor Sergeev

TITLE
Head of Cargo Department
Board of Directors Tenure

Average tenure and age of the Novorossiysk Commercial Sea Port board of directors in years:

3.6
Average Tenure
54
Average Age
  • The tenure for the Novorossiysk Commercial Sea Port board of directors is about average.
Board of Directors

Rashid Sharipov

TITLE
Chairman
AGE
50
TENURE
0.4 yrs

Sergey Kireev

TITLE
Chairman of the Board
COMPENSATION
$287
AGE
58

Maxim Grishanin

TITLE
Director
AGE
50
TENURE
7.1 yrs

Sergey Andronov

TITLE
Director
AGE
49
TENURE
3.7 yrs

Lev Kuznecov

TITLE
Director
TENURE
0.6 yrs

Alexander Tikhonov

TITLE
Director
AGE
61
TENURE
1 yrs

Igor Levitin

TITLE
Director
AGE
66
TENURE
3.6 yrs

Yuriy Tsvetkov

TITLE
Director

Yekaterina Vlasova

TITLE
Member of Audit Commission
TENURE
3.8 yrs

Margarita Russkikh

TITLE
Member of Audit Commission
TENURE
3.8 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 Novorossiysk Commercial Sea Port'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. Novorossiysk Commercial Sea Port 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

Public Joint Stock Company Novorossiysk Commercial Sea Port (MCX:NMTP) Delivered A Better ROE Than Its Industry

We'll use ROE to examine Public Joint Stock Company Novorossiysk Commercial Sea Port (MCX:NMTP), by way of a worked example. … Over the last twelve months Novorossiysk Commercial Sea Port has recorded a ROE of 37%. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Public Joint Stock Company Novorossiysk Commercial Sea Port's (MCX:NMTP) Balance Sheet A Threat To Its Future?

Investors are always looking for growth in small-cap stocks like Public Joint Stock Company Novorossiysk Commercial Sea Port (MCX:NMTP), with a market cap of RUруб123b. … Evaluating financial health as part of your investment thesis is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

What Should You Know About Public Joint Stock Company Novorossiysk Commercial Sea Port's (MCX:NMTP) Return On Capital?

and want to begin learning the link between Public Joint Stock Company Novorossiysk Commercial Sea Port (MCX:NMTP)’s return fundamentals and stock market performance. … Thus, to understand how your money can grow by investing in Novorossiysk Commercial Sea Port, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE) … Novorossiysk Commercial Sea Port's Return On Capital Employed

Simply Wall St -

Public Joint Stock Company Novorossiysk Commercial Sea Port (MCX:NMTP): What Are Investors Earning On Their Capital?

and want to begin learning the link between Public Joint Stock Company Novorossiysk Commercial Sea Port (MCX:NMTP)’s return fundamentals and stock market performance. … Novorossiysk Commercial Sea Port stock represents an ownership share in the company. … Therefore, looking at how efficiently Novorossiysk Commercial Sea Port is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

What Is Driving Public Joint Stock Company Novorossiysk Commercial Sea Port's (MCX:NMTP) Margins In The Next Few Years?

Public Joint Stock Company Novorossiysk Commercial Sea Port's (MCX:NMTP) … growth of 3.47% annualised

Simply Wall St -

Is Public Joint Stock Company Novorossiysk Commercial Sea Port (MCX:NMTP) A Great Dividend Stock?

Over the past 8 years, Public Joint Stock Company Novorossiysk Commercial Sea Port (MCX:NMTP) has returned an average of 5.00% per year to shareholders in terms of dividend yield. … Does Novorossiysk Commercial Sea Port tick all the boxes of a great dividend stock?

Simply Wall St -

An Intrinsic Calculation For Public Joint Stock Company Novorossiysk Commercial Sea Port (MCX:NMTP) Shows It's 48% Undervalued

I then discount this to its value today and sum up the total to get the present value of these cash flows. … 5-year cash flow forecast 2018 2019 2020 2021 2022 Levered FCF ($, Millions) $374.00 $371.00 $380.00 $387.00 $407.00 Source Analyst x1 Analyst x1 Analyst x1 Analyst x1 Analyst x1 Present Value Discounted @ 14.95% $325.35 $280.76 $250.17 $221.63 $202.77 Present Value of 5-year Cash Flow (PVCF)= $1,281 We now need to calculate the Terminal Value, which accounts for all the future cash flows after the five years. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = $407 × (1 + 7%) ÷ (15% – 7%) = $5,513 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = $5,513 / ( 1 + 15%)5 = $2,747 The total value, or equity value, is then the sum of the present value of the cash flows, which in this case is RUB4,028.

Simply Wall St -

Interested In Public Joint Stock Company Novorossiysk Commercial Sea Port (MCX:NMTP)? Here's How It Performed Recently

Examining Public Joint Stock Company Novorossiysk Commercial Sea Port's (MISX:NMTP) past track record of performance is a useful exercise for investors. … See our latest analysis for Novorossiysk Commercial Sea Port Commentary On NMTP's Past Performance I use data from the most recent 12 months, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … Though Novorossiysk Commercial Sea Port's past data is helpful, it is only one aspect of my investment thesis.

Simply Wall St -

Public Joint Stock Company Novorossiysk Commercial Sea Port (MCX:NMTP) Delivered A Better ROE Than The Industry, Here’s Why

View our latest analysis for Novorossiysk Commercial Sea Port What you must know about ROE Return on Equity (ROE) weighs Novorossiysk Commercial Sea Port’s profit against the level of its shareholders’ equity. … This means Novorossiysk Commercial Sea Port returns enough to cover its own cost of equity, with a buffer of 40.83%. … Novorossiysk Commercial Sea Port exhibits a strong ROE against its peers, as well as sufficient returns to cover its cost of equity.

Simply Wall St -

What Should Investors Know About the future of Public Joint Stock Company Novorossiysk Commercial Sea Port's (MCX:NMTP)?

To help investors get a top level understanding, I will shine a light on the behaviour of Novorossiysk Commercial Sea Port’s margins so investors can evaluate the revenue and cost drivers behind future earnings projections and understand how they may impact on returns compared to the industry. … Margin Calculation for NMTP Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 435.16 Million ÷ 899.83 Million = 48.36% There has been an expansion in Novorossiysk Commercial Sea Port's margin over the past five years, with 11.69% in average net income growth and decline in revenue growth of -2.43% on average, which suggests that the company has been able to convert a larger percentage of revenue into net income despite the top line has fallen over the previous 5 years. … Thus, it is essential to run your own analysis on Novorossiysk Commercial Sea Port's future expectations whilst maintaining a watchful eye over cost behaviour, because if the business is able to maintain their revenue trajectory, there may be an opportunity to return to positive earnings growth and attractive returns.

Simply Wall St -

Company Info

Description

Public Joint Stock Company Novorossiysk Commercial Sea Port, together with its subsidiaries, provides stevedoring, other port, and sea vessel services in Russia. The company’s stevedoring services include loading and unloading of oil, oil products, grains, mineral fertilizers, chemicals, containers, timber, timber products, metal products, sugar, and other cargo, as well as fuel bunkering; and other port services comprise freight forwarding, storage, custom documentation, repacking, and ship repair. It also engages in the rental and resale of energy and utilities; provides fleet services, including tugging, towing, and other services; and operates container and passenger terminals. In addition, the company provides emergency services, such as transferring vessels to shelter zones during emergencies; and cleaning and containment services for oil or other liquid spills in and around the port, as well as hazardous material response and waste management services. It serves ship owners or marine agents, freight owners or freight owners/agents, freighters, and other customers. The company was founded in 1845 and is based in Novorossiysk, Russia. Public Joint Stock Company Novorossiysk Commercial Sea Port is a former subsidiary of Novoport Holding Limited

Details
Name: Public Joint Stock Company Novorossiysk Commercial Sea Port
NMTP
Exchange: MISX
Founded: 1845
RUB131,321,246,553
18,482,934,068
Website: http://www.nmtp.info
Address: Public Joint Stock Company Novorossiysk Commercial Sea Port
Portovaya Street 14,
Novorossiysk,
Krasnodarskiy kray, 353901,
Russia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
MISX NMTP Common Shares Micex - Rts RU RUB 19. Jun 1995
LSE NCSP GDR EACH REPR 75 ORD SHS REGS London Stock Exchange GB USD 02. Nov 2007
DB 46NA GDR EACH REPR 75 ORD SHS REGS Deutsche Boerse AG DE EUR 02. Nov 2007
BST 46NA GDR EACH REPR 75 ORD SHS REGS Boerse-Stuttgart DE EUR 02. Nov 2007
Number of employees
Current staff
Staff numbers
0
Novorossiysk Commercial Sea Port employees.
Industry
Marine Ports and Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 21:33
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/03/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.