TNS energo Mari El (MISX:MISB) - Share price, News & Analysis

MISB fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	6/6
Financial Health	6/6
Dividends	0/6

MISB Stock Overview

Public Joint-stock Company TNS energo Mari El supplies electricity in the Republic of Mari El.

Rewards

Trading at 94.3% below our estimate of its fair value

Earnings grew by 153.1% over the past year

Risk Analysis

Does not have a meaningful market cap (RUB2B)

TNS energo Mari El Competitors

Price History & Performance

Summary of all time highs, changes and price drops for TNS energo Mari El
Historical stock prices
Current Share Price	₽13.40
52 Week High	₽20.00
52 Week Low	₽8.60
Beta	0.73
1 Month Change	-0.74%
3 Month Change	-8.22%
1 Year Change	-2.90%
3 Year Change	48.89%
5 Year Change	249.87%
Change since IPO	139.29%

Recent News & Updates

Oct 12

Does TNS energo Mari El (MCX:MISB) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

Shareholder Returns

	MISB	RU Electric Utilities	RU Market
7D	-4.3%	0.7%	0.2%
1Y	-2.9%	-28.2%	-22.5%

Return vs Industry: MISB exceeded the Russian Electric Utilities industry which returned -28.2% over the past year.

Return vs Market: MISB exceeded the Russian Market which returned -22.5% over the past year.

Price Volatility

Is MISB's price volatile compared to industry and market?
MISB volatility
MISB Average Weekly Movement	9.8%
Electric Utilities Industry Average Movement	16.5%
Market Average Movement	16.0%
10% most volatile stocks in RU Market	22.1%
10% least volatile stocks in RU Market	10.1%

Stable Share Price: MISB is less volatile than 75% of Russian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: MISB's weekly volatility (10%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	237	n/a	https://mari-el.tns-e.ru

Public Joint-stock Company TNS energo Mari El supplies electricity in the Republic of Mari El. It serves 340,511 individuals and 8,329 legal entities. The company was formerly known as Joint-Stock Company Marienergosbyt and changed its name to Public Joint-stock Company TNS energo Mari El in June 2015.

TNS energo Mari El Fundamentals Summary

How do TNS energo Mari El's earnings and revenue compare to its market cap?
MISB fundamental statistics
Market Cap	₽1.68b
Earnings (TTM)	₽334.86m
Revenue (TTM)	₽8.88b

4.9x

P/E Ratio

0.2x

P/S Ratio

Is MISB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
MISB income statement (TTM)
Revenue	₽8.88b
Cost of Revenue	₽8.44b
Gross Profit	₽443.27m
Other Expenses	₽108.41m
Earnings	₽334.86m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	2.75
Gross Margin	4.99%
Net Profit Margin	3.77%
Debt/Equity Ratio	26.4%

How did MISB perform over the long term?

See historical performance and comparison

Valuation

Is TNS energo Mari El undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: MISB (RUB13.8) is trading below our estimate of fair value (RUB241.18)

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

Price To Earnings Ratio

PE vs Industry: MISB is good value based on its PE Ratio (5x) compared to the Russian Electric Utilities industry average (5.4x).

PE vs Market: MISB is good value based on its PE Ratio (5x) compared to the Russian market (6.9x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: MISB is overvalued based on its PB Ratio (1.1x) compared to the RU Electric Utilities industry average (0.6x).

Future Growth

How is TNS energo Mari El forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

5.6%

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 TNS energo Mari El 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.

Past Performance

How has TNS energo Mari El performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

19.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MISB has high quality earnings.

Growing Profit Margin: MISB's current net profit margins (3.8%) are higher than last year (1.6%).

Past Earnings Growth Analysis

Earnings Trend: MISB's earnings have grown by 19.6% per year over the past 5 years.

Accelerating Growth: MISB's earnings growth over the past year (153.1%) exceeds its 5-year average (19.6% per year).

Earnings vs Industry: MISB earnings growth over the past year (153.1%) exceeded the Electric Utilities industry 5.6%.

Return on Equity

High ROE: MISB's Return on Equity (21.7%) is considered high.

Financial Health

How is TNS energo Mari El's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: MISB's short term assets (RUB1.7B) exceed its short term liabilities (RUB1.3B).

Long Term Liabilities: MISB's short term assets (RUB1.7B) exceed its long term liabilities (RUB16.5M).

Debt to Equity History and Analysis

Debt Level: MISB's net debt to equity ratio (9.9%) is considered satisfactory.

Reducing Debt: MISB's debt to equity ratio has reduced from 115.1% to 26.4% over the past 5 years.

Debt Coverage: MISB's debt is well covered by operating cash flow (142.3%).

Interest Coverage: MISB's interest payments on its debt are well covered by EBIT (6x coverage).

Balance Sheet

Dividend

What is TNS energo Mari El current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if MISB's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: MISB is not paying a notable dividend for the Russian market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as MISB has not reported any payouts.

Next Steps

Explore strong dividend paying companies in the Utilities industry.

Management

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

3.0yrs

Average management tenure

CEO

TNS energo Mari El has no CEO, or we have no data on them.

Leadership Team

Experienced Management: MISB's management team is considered experienced (3 years average tenure).

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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/13 00:00
End of Day Share Price	2022/05/13 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31