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Interregional Distribution Grid Company of Centre

Market Cap

₽17.7b

Last Updated

2021/05/10 02:42 UTC

Data Sources

Company Financials +

Executive Summary

Interregional Distribution Grid Company of Centre, Public Joint Stock Company operates as an electric grid company of Russia. More Details


Snowflake Analysis

Good value average dividend payer.


Similar Companies

Share Price & News

How has Interregional Distribution Grid Company of Centre's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MRKC is not significantly more volatile than the rest of Russian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: MRKC's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

3.7%

MRKC

2.8%

RU Electric Utilities

4.2%

RU Market


1 Year Return

72.3%

MRKC

15.1%

RU Electric Utilities

30.1%

RU Market

Return vs Industry: MRKC exceeded the Russian Electric Utilities industry which returned 15.1% over the past year.

Return vs Market: MRKC exceeded the Russian Market which returned 30.1% over the past year.


Shareholder returns

MRKCIndustryMarket
7 Day3.7%2.8%4.2%
30 Day8.5%2.2%5.4%
90 Day10.5%-2.7%8.0%
1 Year72.3%72.3%20.1%15.1%38.4%30.1%
3 Year40.1%15.2%38.8%19.3%64.3%35.7%
5 Year110.9%50.5%117.8%73.6%129.9%74.3%

Long-Term Price Volatility Vs. Market

How volatile is Interregional Distribution Grid Company of Centre's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Interregional Distribution Grid Company of Centre 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: MRKC (RUB0.42) is trading below our estimate of fair value (RUB1.14)

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


Price To Earnings Ratio

PE vs Industry: MRKC is poor value based on its PE Ratio (8.6x) compared to the RU Electric Utilities industry average (7.7x).

PE vs Market: MRKC is good value based on its PE Ratio (8.6x) compared to the Russian market (10.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MRKC is good value based on its PB Ratio (0.4x) compared to the RU Electric Utilities industry average (0.6x).


Future Growth

How is Interregional Distribution Grid Company of Centre forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

3.0%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if MRKC's forecast earnings growth is above the savings rate (7.4%).

Earnings vs Market: Insufficient data to determine if MRKC's earnings are forecast to grow faster than the Russian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MRKC's revenue (3% per year) is forecast to grow slower than the Russian market (7.7% per year).

High Growth Revenue: MRKC's revenue (3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MRKC's Return on Equity is forecast to be low in 3 years time (5.9%).


Past Performance

How has Interregional Distribution Grid Company of Centre performed over the past 5 years?

1.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MRKC has a large one-off loss of RUB3.7B impacting its December 31 2020 financial results.

Growing Profit Margin: MRKC's current net profit margins (2.1%) are lower than last year (3.2%).


Past Earnings Growth Analysis

Earnings Trend: MRKC's earnings have grown by 1.8% per year over the past 5 years.

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

Earnings vs Industry: MRKC had negative earnings growth (-31.6%) over the past year, making it difficult to compare to the Electric Utilities industry average (1.2%).


Return on Equity

High ROE: MRKC's Return on Equity (4.5%) is considered low.


Financial Health

How is Interregional Distribution Grid Company of Centre's financial position?


Financial Position Analysis

Short Term Liabilities: MRKC's short term assets (RUB19.8B) do not cover its short term liabilities (RUB33.0B).

Long Term Liabilities: MRKC's short term assets (RUB19.8B) do not cover its long term liabilities (RUB41.1B).


Debt to Equity History and Analysis

Debt Level: MRKC's debt to equity ratio (92.6%) is considered high.

Reducing Debt: MRKC's debt to equity ratio has reduced from 108.3% to 92.6% over the past 5 years.

Debt Coverage: MRKC's debt is well covered by operating cash flow (28.8%).

Interest Coverage: MRKC's interest payments on its debt are well covered by EBIT (3.1x coverage).


Balance Sheet


Dividend

What is Interregional Distribution Grid Company of Centre current dividend yield, its reliability and sustainability?

7.98%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 10 2021Ex Dividend DateJun 10 2021Dividend Pay DateJan 01 197018788 days from Ex DividendBuy in the next 31 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: MRKC's dividend (7.98%) is higher than the bottom 25% of dividend payers in the Russian market (3.91%).

High Dividend: MRKC's dividend (7.98%) is low compared to the top 25% of dividend payers in the Russian market (8.05%).


Stability and Growth of Payments

Stable Dividend: MRKC's dividend payments have been volatile in the past 10 years.

Growing Dividend: MRKC's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (69%), MRKC's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MRKC's dividends in 3 years are forecast to be well covered by earnings (25.5% payout ratio).


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Igor Makovskiy (48 yo)

2.67yrs

Tenure

Mr. Igor Vladimirovich Makovskiy has been General Director and Chairman of the Management Board at Interregional Distribution Grid Company of Centre, Public Joint Stock Company since September 19, 2018. Mr...


Leadership Team

Experienced Management: MRKC's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: MRKC's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


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

Interregional Distribution Grid Company of Centre, Public Joint Stock Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Interregional Distribution Grid Company of Centre, Public Joint Stock Company
  • Ticker: MRKC
  • Exchange: MISX
  • Founded: 2004
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: ₽17.732b
  • Shares outstanding: 42.22b
  • Website: https://www.mrsk-1.ru

Number of Employees


Location

  • Interregional Distribution Grid Company of Centre, Public Joint Stock Company
  • 15 Malaya Ordynka street
  • Moscow
  • 119017
  • Russia

Listings


Biography

Interregional Distribution Grid Company of Centre, Public Joint Stock Company operates as an electric grid company of Russia. The company provides power transmission and distribution; and grid connections ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/10 02:42
End of Day Share Price2021/05/07 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.