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TNS energo Mari El

MISX:MISB
Snowflake Description

Mediocre balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MISB
MISX
RUB1B
Market Cap
  1. Home
  2. RU
  3. Utilities
Company description

Public Joint-stock Company TNS energo Mari El supplies electricity in the territory of the Republic of Mari El. The last earnings update was 62 days ago. More info.


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MISB Share Price and Events
7 Day Returns
-3.5%
MISX:MISB
-2.4%
RU Electric Utilities
-2.5%
RU Market
1 Year Returns
6.8%
MISX:MISB
5.4%
RU Electric Utilities
13.2%
RU Market
MISB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TNS energo Mari El (MISB) -3.5% -8.8% -7.8% 6.8% 42.4% 232%
RU Electric Utilities -2.4% -3.8% 10.7% 5.4% 37.4% 103.7%
RU Market -2.5% 0.8% 7.9% 13.2% 41.5% 106.6%
1 Year Return vs Industry and Market
  • MISB outperformed the Electric Utilities industry which returned 5.4% over the past year.
  • MISB underperformed the Market in Russian Federation which returned 13.2% over the past year.
Price Volatility
MISB
Industry
5yr Volatility vs Market

MISB Value

 Is TNS energo Mari El 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 TNS energo Mari El 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 TNS energo Mari El.

MISX:MISB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 16%
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:MISB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year RU Govt Bond Rate 8.4%
Equity Risk Premium S&P Global 9.4%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.26
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.262 (1 + (1- 20%) (59.52%))
0.589
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.44% + (0.8 * 9.43%)
15.98%

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

The calculations below outline how an intrinsic value for TNS energo Mari El 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:MISB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (RUB, Millions) Source Present Value
Discounted (@ 15.98%)
2020 53.60 Est @ 4.21% 46.22
2021 56.54 Est @ 5.48% 42.03
2022 60.14 Est @ 6.37% 38.55
2023 64.35 Est @ 6.99% 35.56
2024 69.13 Est @ 7.43% 32.93
2025 74.47 Est @ 7.73% 30.59
2026 80.38 Est @ 7.94% 28.47
2027 86.89 Est @ 8.09% 26.53
2028 94.01 Est @ 8.2% 24.75
2029 101.78 Est @ 8.27% 23.10
Present value of next 10 years cash flows RUB328.73
MISX:MISB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= RUB101.78 × (1 + 8.44%) ÷ (15.98% – 8.44%)
RUB1,463.08
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= RUB1,463.08 ÷ (1 + 15.98%)10
RUB332.11
MISX:MISB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= RUB328.73 + RUB332.11
RUB660.85
Equity Value per Share
(RUB)
= Total value / Shares Outstanding
= RUB660.85 / 121.85
RUB5.42
MISX:MISB Discount to Share Price
Calculation Result
Value per share (RUB) From above. RUB5.42
Current discount Discount to share price of RUB8.30
= -1 x (RUB8.30 - RUB5.42) / RUB5.42
-53%

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

  • The current share price of TNS energo Mari El is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 TNS energo Mari El's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TNS energo Mari El's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MISX:MISB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in RUB RUB0.50
MISX:MISB Share Price ** MISX (2019-07-16) in RUB RUB8.3
Russian Federation Electric Utilities Industry PE Ratio Median Figure of 38 Publicly-Listed Electric Utilities Companies 6.44x
Russian Federation Market PE Ratio Median Figure of 137 Publicly-Listed Companies 7.18x

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

** Primary Listing of TNS energo Mari El.

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

= MISX:MISB Share Price ÷ EPS (both in RUB)

= 8.3 ÷ 0.50

16.69x

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

  • TNS energo Mari El is overvalued based on earnings compared to the RU Electric Utilities industry average.
  • TNS energo Mari El is overvalued based on earnings compared to the Russian Federation market.
Price based on expected Growth
Does TNS energo Mari El's expected growth come at a high price?
Raw Data
MISX:MISB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-8.5%per year
Russian Federation Electric Utilities Industry PEG Ratio Median Figure of 9 Publicly-Listed Electric Utilities Companies -0.28x
Russian Federation Market PEG Ratio Median Figure of 33 Publicly-Listed Companies 0.62x

*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 TNS energo Mari El, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on TNS energo Mari El's assets?
Raw Data
MISX:MISB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in RUB RUB2.98
MISX:MISB Share Price * MISX (2019-07-16) in RUB RUB8.3
Russian Federation Electric Utilities Industry PB Ratio Median Figure of 39 Publicly-Listed Electric Utilities Companies 0.65x
Russian Federation Market PB Ratio Median Figure of 154 Publicly-Listed Companies 0.83x
MISX:MISB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= MISX:MISB Share Price ÷ Book Value per Share (both in RUB)

= 8.3 ÷ 2.98

2.79x

* Primary Listing of TNS energo Mari El.

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

  • TNS energo Mari El is overvalued based on assets compared to the RU Electric Utilities industry average.
X
Value checks
We assess TNS energo Mari El'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 Electric Utilities 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 Electric Utilities industry average (and greater than 0)? (1 check)
  5. TNS energo Mari El has a total score of 0/6, 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.

MISB Future Performance

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

  • No analysts cover TNS energo Mari El, 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
-8.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TNS energo Mari El expected to grow at an attractive rate?
  • TNS energo Mari El'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
  • TNS energo Mari El's earnings are expected to decrease over the next 1-3 years, this is below the Russian Federation market average.
  • Unable to compare TNS energo Mari El's revenue growth to the Russian Federation market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
MISX:MISB Future Growth Rates Data Sources
Data Point Source Value (per year)
MISX:MISB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -8.5%
Russian Federation Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 7.2%
Russian Federation Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Russian Federation Market Earnings Growth Rate Market Cap Weighted Average 2.6%
Russian Federation Market Revenue Growth Rate Market Cap Weighted Average 4.2%

*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:MISB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in RUB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MISX:MISB Past Financials Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income *
2019-03-31 7,670 61
2018-12-31 7,782 344 115
2018-09-30 7,940 204
2018-06-30 8,017 253 304
2018-03-31 7,901 196
2017-12-31 7,576 -3 104
2017-09-30 7,291 69
2017-06-30 6,756 12
2017-03-31 7,065 -31
2016-12-31 7,154 -403 127
2016-09-30 7,111 173
2016-06-30 6,953 217

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • TNS energo Mari El's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if TNS energo Mari El is high growth as no revenue estimate data is available.
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:MISB 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 0 Analyst Estimates (S&P Global) See Below

All data from TNS energo Mari El Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:MISB Past Financials Data
Date (Data in RUB Millions) EPS *
2019-03-31 0.50
2018-12-31 0.95
2018-09-30 1.68
2018-06-30 2.50
2018-03-31 1.61
2017-12-31 0.86
2017-09-30 0.57
2017-06-30 0.10
2017-03-31 -0.26
2016-12-31 1.05
2016-09-30 1.42
2016-06-30 1.78

*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.
  • Unable to establish if TNS energo Mari El will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess TNS energo Mari El'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 Russian Federation market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Russian Federation 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.
TNS energo Mari El has a total score of 0/6, 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.

MISB Past Performance

  How has TNS energo Mari El 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 TNS energo Mari El's growth in the last year to its industry (Electric Utilities).
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.
  • TNS energo Mari El has delivered over 20% year on year earnings growth in the past 5 years.
  • TNS energo Mari El's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • TNS energo Mari El's 1-year earnings growth is negative, it can't be compared to the RU Electric Utilities industry average.
Earnings and Revenue History
TNS energo Mari El'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 TNS energo Mari El Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:MISB Past Revenue, Cash Flow and Net Income Data
Date (Data in RUB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 7,670.42 60.59 3,883.97
2018-12-31 7,781.58 115.26 3,902.91
2018-09-30 7,939.93 204.12 3,911.95
2018-06-30 8,016.80 304.38 3,749.68
2018-03-31 7,900.57 195.92 3,885.27
2017-12-31 7,575.56 104.50 3,757.37
2017-09-30 7,290.83 69.00 3,675.12
2017-06-30 6,755.70 11.66 1,858.10
2017-03-31 7,065.17 -31.34 3,572.81
2016-12-31 7,153.98 127.45 3,582.89
2016-09-30 7,110.52 173.23 3,446.77
2016-06-30 6,953.28 217.22 3,282.71
2016-03-31 6,791.42 238.15 3,106.62
2015-12-31 6,542.38 122.10 2,870.87
2015-09-30 6,407.96 115.18 2,801.67
2015-06-30 6,329.83 128.85 2,709.02
2015-03-31 6,315.08 121.72 2,710.62
2014-12-31 6,275.58 89.50 2,704.20
2014-09-30 6,174.25 8.03 2,601.20
2014-06-30 6,091.77 -45.48 2,574.87
2014-03-31 5,839.74 -83.42 2,475.92
2013-12-31 5,620.07 23.98 2,428.98
2013-09-30 5,373.51 62.16 2,223.98
2013-06-30 5,201.49 64.95 2,488.89
2013-03-31 5,383.98 104.98 2,474.10
2012-12-31 5,918.98 19.52 2,436.39

*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.
  • TNS energo Mari El has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • TNS energo Mari El used its assets more efficiently than the RU Electric Utilities industry average last year based on Return on Assets.
  • It is difficult to establish if TNS energo Mari El improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess TNS energo Mari El'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 Electric Utilities 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.
TNS energo Mari El 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.

MISB Health

 How is TNS energo Mari El'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 TNS energo Mari El's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TNS energo Mari El's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • TNS energo Mari El has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TNS energo Mari El'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 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 TNS energo Mari El Company Filings, last reported 3 months ago.

MISX:MISB Past Debt and Equity Data
Date (Data in RUB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 364.18 601.93 11.27
2018-12-31 324.17 451.49 87.90
2018-09-30 375.58 501.27 47.79
2018-06-30 735.54 501.18 99.35
2018-03-31 417.83 501.43 79.69
2017-12-31 323.16 601.08 98.74
2017-09-30 428.93 500.00 67.91
2017-06-30 386.85 350.00 31.97
2017-03-31 350.38 350.00 74.93
2016-12-31 347.14 400.00 119.04
2016-09-30 356.45 400.00 27.08
2016-06-30 376.90 200.00 235.54
2016-03-31 472.84 200.00 161.72
2015-12-31 310.80 100.00 328.42
2015-09-30 276.24 200.00 271.26
2015-06-30 252.70 400.00 368.34
2015-03-31 231.12 300.00 174.13
2014-12-31 185.13 250.00 248.70
2014-09-30 155.23 295.00 69.99
2014-06-30 118.73 339.50 86.01
2014-03-31 129.78 466.20 129.07
2013-12-31 116.02 360.00 124.97
2013-09-30 196.97 475.00 163.04
2013-06-30 213.27 600.00 177.74
2013-03-31 257.65 700.00 211.55
2012-12-31 136.50 268.00 97.08
  • TNS energo Mari El's level of debt (165.3%) 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 (358.5% vs 165.3% today).
  • Debt is well covered by operating cash flow (57.1%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on TNS energo Mari El's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess TNS energo Mari El'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. TNS energo Mari El 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.

MISB Dividends

 What is TNS energo Mari El'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
10.96%
Current annual income from TNS energo Mari El dividends.
If you bought RUB2,000 of TNS energo Mari El shares you are expected to receive RUB219 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?
  • TNS energo Mari El's pays a higher dividend yield than the bottom 25% of dividend payers in Russian Federation (3.22%).
  • TNS energo Mari El's dividend is above the markets top 25% of dividend payers in Russian Federation (8.48%).
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:MISB 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 0 Analyst Estimates (S&P Global) See Below
Russian Federation Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 5.7%
Russian Federation Market Average Dividend Yield Market Cap Weighted Average of 72 Stocks 7.1%
Russian Federation Minimum Threshold Dividend Yield 10th Percentile 1.7%
Russian Federation Bottom 25% Dividend Yield 25th Percentile 3.2%
Russian Federation Top 25% Dividend Yield 75th Percentile 8.5%

Industry and Market average data is calculated daily.

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

MISX:MISB Past Annualized Dividends Data
Date (Data in RUB) Dividend per share (annual) Avg. Yield (%)
2018-02-22 0.910 9.959
2017-05-17 0.994 15.824
2017-05-04 0.994 24.791
2016-08-15 0.755 17.189
2016-06-01 0.000 0.000
2016-03-03 0.755 17.756
2014-08-21 0.187 7.049
2013-12-05 0.152 5.046
2013-08-13 0.152 4.387
2013-05-15 0.126 4.081
2013-03-07 0.152 5.351

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

  • TNS energo Mari El 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 TNS energo Mari El only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of TNS energo Mari El's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.5x 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 TNS energo Mari El's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - 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 TNS energo Mari El afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TNS energo Mari El 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.

MISB Management

 What is the CEO of TNS energo Mari El'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
Ekaterina Vakhitova
CEO Bio

Ms. Ekaterina Dinarovna Vakhitova serves as Deputy General Director and Managing Director of PJSC TNS energo Mari El at Public Joint Stock Company Group of Companies TNS energo. Ms. Vakhitova serves as the Managing Director at Public Joint-stock Company TNS energo Mari El. She serves as the Deputy Chief Executive Officer of TNS Energo Group, OJSC. She is as an economist; interpreter in the field of professional communications. From December 2004 to July 2005, she served as an Marketing Manager of NMK MAST LLC. At Nizhny Novgorod Energy Retail Company, she served as an Economist in the Finance Department from July 2005 to November 2005, Economist of the Treasury from November 2005 to December 2005, Head of the Treasury of the Finance Department from December 2005 to October 2010. She served as Deputy General Director for Economy & Finance of the Mari El Energy Retail Company from November 2010 to February 2013. Ms. Vakhitova serves as a Director at Public Joint-stock Company TNS energo Mari El. She attended her training in Management from 2009 to 2010. She received training in the Alexeev Nizhny Novgorod State Technical University under the Management Team Training Programme for agricultural organizations of the Russian Federation according to Decree of the President of the Russian Federation No. 774. in 1997. Ms. Vakhitova graduated from the Lobachevsky Nizhny Novgorod State University in 2004.

CEO Compensation
  • Insufficient data for Ekaterina to compare compensation growth.
  • Insufficient data for Ekaterina to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team

Ekaterina Vakhitova

TITLE
MD & Director

Alexander Yosifovich Rubanov

TITLE
Chairman of Management Board
AGE
60

Valentin Didenko

TITLE
Member of Management Board
Board of Directors

Dmitriy Arzhanov

TITLE
Chairman
AGE
47
TENURE
7.1 yrs

Ekaterina Vakhitova

TITLE
MD & Director

Andrey Shishkin

TITLE
Chairman of the Audit Commission
AGE
47

Svetlana Avilova

TITLE
Director
AGE
56

Boris Shchurov

TITLE
Director
AGE
45

Yelena Yefimova

TITLE
Director

Sofiya Afanasyeva

TITLE
Director

Vasiliy Sitdikov

TITLE
Director
AGE
44

Anna Sokolova

TITLE
Member of the Audit Commission
AGE
43

Galina Denisova

TITLE
Member of the Audit Commission
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (RUB) Value (RUB)
X
Management checks
We assess TNS energo Mari El'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. TNS energo Mari El 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.

MISB News

Simply Wall St News

Why You Should Like Public Joint-stock Company TNS energo Mari El’s (MCX:MISB) ROCE

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Should You Be Excited About Public Joint-stock Company TNS energo Mari El's (MCX:MISB) 42% Return On Equity?

We'll use ROE to examine Public Joint-stock Company TNS energo Mari El (MCX:MISB), by way of a worked example. … Over the last twelve months TNS energo Mari El has recorded a ROE of 42%. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Public Joint-stock Company TNS energo Mari El's (MCX:MISB) PE Ratio A Signal To Buy For Investors?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … Public Joint-stock Company TNS energo Mari El (MCX:MISB) is trading with a trailing P/E of 4.9x, which is lower than the industry average of 5.9x. … View our latest analysis for TNS energo Mari El

Simply Wall St -

Understanding Your Return On Investment In Public Joint-stock Company TNS energo Mari El (MCX:MISB)

This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock. … Therefore, looking at how efficiently TNS energo Mari El is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE).

Simply Wall St -

What is Behind Public Joint-stock Company TNS energo Mari El's (MCX:MISB) Superior ROE?

and want to begin learning the link between Public Joint-stock Company TNS energo Mari El (MCX:MISB)’s return fundamentals and stock market performance. … Public Joint-stock Company TNS energo Mari El (MCX:MISB) outperformed the electric utilities industry on the basis of its ROE – producing a higher 50.73% relative to the peer average of 10.14% over the past 12 months. … With more debt, MISB can invest even more and earn more money, thus pushing up its returns.

Simply Wall St -

Reasons Why I Like Public Joint-stock Company TNS energo Mari El (MISX:MISB)

By this I mean, I look at stocks holistically, from their financial health to their future outlook. … In the case of Public Joint-stock Company TNS energo Mari El (MISX:MISB), it. … is a company with great financial health as well as a.

Simply Wall St -

What Do You Get For Owning Public Joint-stock Company TNS energo Mari El (MCX:MISB)?

To understand TNS energo Mari El’s capital returns we will look at a useful metric called return on capital employed. … Check out our latest analysis for TNS energo Mari El What is Return on Capital Employed (ROCE)? … To determine TNS energo Mari El's capital return we will use ROCE, which tells us how much the company makes from the capital employed in their operations (for things like machinery, wages etc).

Simply Wall St -

Should You Have Public Joint-stock Company TNS energo Mari El's (MCX:MISB) In Your Portfolio?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … With a five-year beta of 0.18, TNS energo Mari El appears to be a less volatile company compared to the rest of the market. … As a result, the company may be less volatile relative to broad market movements, compared to a company of similar size but higher proportion of fixed assets.

Simply Wall St -

Who Are Public Joint-stock Company TNS energo Mari El's (MCX:MISB) Major Shareholders?

I am going to take a deep dive into Public Joint-stock Company TNS energo Mari El’s (MISX:MISB) most recent ownership structure, not a frequent subject of discussion among individual investors. … Check out our latest analysis for TNS energo Mari El MISX:MISB Ownership_summary Apr 12th 18 General Public Ownership The general public, with 6.19% stake, is also an important group of shareholders in MISB. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: A large shareholding of MISB by the general public could mean higher market liquidity to buy and sell shares for retail investors, and also the potential to have more influence over company policies as a collective.

Simply Wall St -

Public Joint-stock Company TNS energo Mari El's (MCX:MISB) Earnings Dropped -8.46%, How Did It Fare Against The Industry?

Assessing Public Joint-stock Company TNS energo Mari El's (MISX:MISB) past track record of performance is a valuable exercise for investors. … For TNS energo Mari El, its most recent trailing-twelve-month earnings is RUРУБ116.67M, which, relative to last year’s figure, has fallen by -8.46%. … Since these figures are somewhat myopic, I have calculated an annualized five-year figure for MISB's earnings, which stands at RUРУБ79.32M This suggests that although earnings growth was negative from the prior year, over a longer period of time, TNS energo Mari El's earnings have been rising on average.

Simply Wall St -

MISB Company Info

Description

Public Joint-stock Company TNS energo Mari El supplies electricity in the territory of the Republic of Mari El. The company serves 313,165 individuals and 7,714 legal entities. It also offers its customers to switch to electronic document management to obtain documents electronically through EDO operators. 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. The company is based in Yoshkar-Ola, Russia. Public Joint-stock Company TNS energo Mari El is a subsidiary of Public Joint Stock Company Group of Companies TNS energo.

Details
Name: Public Joint-stock Company TNS energo Mari El
MISB
Exchange: MISX
Founded:
RUB1,011,336,574
121,847,780
Website: http://www.mari-el.tns-e.ru
Address: Public Joint-stock Company TNS energo Mari El
ul. Jyvan Khirli, 21,
Yoshkar-Ola,
Mary-El, 424019,
Russia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
MISX MISB Common Shares Micex - Rts RU RUB 02. Feb 2007
Number of employees
Current staff
Staff numbers
0
TNS energo Mari El employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 21:21
End of day share price update: 2019/07/16 00:00
Last earnings filing: 2019/05/15
Last earnings reported: 2019/03/31
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.