MISX:MAGE

Stock Analysis Report

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Executive Summary

Public Joint Stock Company Magadanenergo engages in the generation, transmission, and distribution of electricity and heat in Russia. More Details


Snowflake Analysis

Good value with mediocre balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: MAGE's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.8%

MAGE

-1.1%

RU Electric Utilities

-0.6%

RU Market


1 Year Return

23.1%

MAGE

8.8%

RU Electric Utilities

-9.4%

RU Market

Return vs Industry: MAGE exceeded the Russian Electric Utilities industry which returned 8% over the past year.

Return vs Market: MAGE exceeded the Russian Market which returned -9.3% over the past year.


Shareholder returns

MAGEIndustryMarket
7 Day-0.8%-1.1%-0.6%
30 Day-1.5%-8.1%-6.8%
90 Day-18.9%-7.7%-4.7%
1 Year23.1%23.1%14.5%8.8%-3.2%-9.4%
3 Year121.7%121.7%23.9%6.7%41.7%17.8%
5 Year122.6%122.6%168.7%112.3%97.9%51.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Magadanenergo 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: MAGE (RUB5.92) is trading below our estimate of fair value (RUB239.21)

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


Price To Earnings Ratio

PE vs Industry: MAGE is good value based on its PE Ratio (4.4x) compared to the RU Electric Utilities industry average (7.5x).

PE vs Market: MAGE is good value based on its PE Ratio (4.4x) compared to the Russian market (9.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MAGE is overvalued based on its PB Ratio (1.7x) compared to the RU Electric Utilities industry average (0.7x).


Next Steps

Future Growth

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

6.4%

Forecasted Utilities 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 Magadanenergo 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 Magadanenergo performed over the past 5 years?

60.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MAGE has high quality earnings.

Growing Profit Margin: MAGE's current net profit margins (4.8%) are lower than last year (10.6%).


Past Earnings Growth Analysis

Earnings Trend: MAGE has become profitable over the past 5 years, growing earnings by 60.2% per year.

Accelerating Growth: MAGE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MAGE had negative earnings growth (-63.8%) over the past year, making it difficult to compare to the Electric Utilities industry average (-14.7%).


Return on Equity

High ROE: Whilst MAGE's Return on Equity (39.18%) is high, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Magadanenergo's financial position?


Financial Position Analysis

Short Term Liabilities: MAGE's short term assets (RUB3.6B) exceed its short term liabilities (RUB1.7B).

Long Term Liabilities: MAGE's short term assets (RUB3.6B) do not cover its long term liabilities (RUB4.3B).


Debt to Equity History and Analysis

Debt Level: MAGE's debt to equity ratio (112.5%) is considered high.

Reducing Debt: MAGE's debt to equity ratio has increased from 92.8% to 112.5% over the past 5 years.

Debt Coverage: MAGE's debt is well covered by operating cash flow (117.7%).

Interest Coverage: MAGE's interest payments on its debt are well covered by EBIT (6.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Magadanenergo current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


CEO

Vladimir Milotvorskiy

no data

Tenure

Mr. Vladimir Evaldovich Milotvorskiy serves as the Chairman of Management Board and Chief Executive Officer at Public Joint Stock Company Magadanenergo (formerly known as JSC Magadanenergo).


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

Public Joint Stock Company Magadanenergo's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Public Joint Stock Company Magadanenergo
  • Ticker: MAGE
  • Exchange: MISX
  • Founded: 1933
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: ₽3.523b
  • Shares outstanding: 609.51m
  • Website: https://www.magadanenergo.ru

Location

  • Public Joint Stock Company Magadanenergo
  • 24, Sovetskaya Street
  • Magadan
  • Magadanskaya obl.
  • 685000
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MAGEMISX (Micex - Rts)YesUsual SharesRURUBJun 1998
MAGEPMISX (Micex - Rts)Preferred SharesRURUBApr 2002

Biography

Public Joint Stock Company Magadanenergo engages in the generation, transmission, and distribution of electricity and heat in Russia. The company is also involved in the repair, reconstruction, and moderni ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/20 21:45
End of Day Share Price2020/10/20 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.