MISX:MAGE

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Mediocre balance sheet and overvalued.

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

0.2%

MAGE

0.8%

RU Electric Utilities

0.2%

RU Market


1 Year Return

131.3%

MAGE

19.1%

RU Electric Utilities

21.6%

RU Market

Return vs Industry: MAGE exceeded the Russian Electric Utilities industry which returned 19.1% over the past year.

Return vs Market: MAGE exceeded the Russian Market which returned 21.6% over the past year.


Shareholder returns

MAGEIndustryMarket
7 Day0.2%0.8%0.2%
30 Day-0.2%0.9%4.0%
90 Day44.0%6.8%9.8%
1 Year131.3%131.3%25.6%19.1%30.4%21.6%
3 Year41.0%41.0%16.1%1.2%61.6%36.3%
5 Year113.1%113.1%149.9%102.0%154.9%100.0%

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?

7.14x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MAGE (RUB4.88) is trading above our estimate of fair value (RUB1.84)

Significantly Below Fair Value: MAGE is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MAGE is poor value based on its PE Ratio (7.1x) compared to the Electric Utilities industry average (6.3x).

PE vs Market: MAGE is good value based on its PE Ratio (7.1x) compared to the Russian market (7.5x).


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 (33.8x) 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?

68.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MAGE has large one-off items impacting its financial results.

Growing Profit Margin: MAGE's current net profit margins (2%) are lower than last year (4.4%).


Past Earnings Growth Analysis

Earnings Trend: MAGE has become profitable over the past 5 years, growing earnings by 68.5% 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 (-50.1%) over the past year, making it difficult to compare to the Electric Utilities industry average (-6.8%).


Return on Equity

High ROE: Whilst MAGE's Return on Equity (473.86%) is outstanding, this metric is skewed due to their high level of debt.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Magadanenergo's financial position?


Financial Position Analysis

Short Term Liabilities: MAGE's short term assets (RUB3.7B) exceeds its short term liabilities (RUB2.5B)

Long Term Liabilities: MAGE's short term assets (RUB3.7B) do not cover its long term liabilities (4.7B)


Debt to Equity History and Analysis

Debt Level: MAGE's debt to equity ratio (3929.5%) is considered high.

Reducing Debt: MAGE's debt to equity ratio has increased from 78.8% to 3929.5% over the past 5 years.

Debt Coverage: MAGE's debt is well covered by operating cash flow (55.4%).

Interest Coverage: MAGE's interest payments on its debt are well covered by EBIT (25.9x coverage).


Balance Sheet

Inventory Level: MAGE has a high level of physical assets or inventory.

Debt Coverage by Assets: MAGE's debt is covered by short term assets (assets are 1.1x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%3.5%markettop25%8.5%industryaverage5.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate MAGE'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 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: MAGE is not paying a notable dividend for the Russian market.


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

What is the CEO of Magadanenergo's salary, the management and board of directors tenure and is there insider trading?


CEO

Vladimir Milotvorskiy 0

0yrs

Tenure

0

Mr. Vladimir Evaldovich Milotvorskiy serves as the Chairman of Management Board and Chief Executive Officer at JSC Magadanenergo. 


Insider Trading

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.


Management Team

  • Natalia Khasyanova

    Chief Accountant & Member of Management Board

    • Tenure: 0yrs
  • Vadim Antonov

    Deputy CEO of Finance & Member of Management Board

    • Tenure: 0yrs
  • Vyacheslav Shustov

    Deputy CEO of Security & Member of Management Board

    • Tenure: 0yrs
  • Alexey Klekovkin

    First Deputy Chief Executive Officer

    • Tenure: 0yrs
  • Sergey Gorokh

    Director of Corporate Management and Member of Management Board

    • Tenure: 0yrs
  • Vladimir Milotvorskiy

    Chairman of Management Board & CEO

    • Tenure: 0yrs
  • Alexandr Murashkin

    Head of Legal Support Department & Member of Management Board

    • Tenure: 0yrs
  • Ilya Gorshkov

    Deputy Chief Executive Officer of Production Support and Member of Management Board

    • Tenure: 0yrs
  • Ludmila Zimina (63yo)

    Head of Department of Human Resources Management and Member of Management Board

    • Tenure: 0yrs
  • Mark Khasyanov (50yo)

    Director of Development Strategy & Investment and Member of the Management Board

    • Tenure: 0yrs

Board Members

  • Stanislav Koptyakov (37yo)

    Deputy Chairman

    • Tenure: 0yrs
  • Nikolay Savostikov

    Director

    • Tenure: 0yrs
  • Dmitry Trefilov (38yo)

    Director

    • Tenure: 0yrs
  • Ilya Lishanskiy

    Director

    • Tenure: 0yrs
  • Andrey Telegin (40yo)

    Director

    • Tenure: 0yrs
  • Igor Repin

    Director

    • Tenure: 0yrs
  • Sergey Tikhomirov

    Director

    • Tenure: 0yrs
  • Igor Polovnev (50yo)

    Director

    • Tenure: 0yrs
  • Andriyan Shamayko

    Director

    • Tenure: 0yrs
  • Vitaliy Ponurovskiy

    Director

    • Tenure: 0yrs

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: ₽2.974b
  • 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 Analysis2019/11/22 21:27
End of Day Share Price2019/11/22 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.