Executive Summary
Interregional Distribution Grid Company of Centre, Public Joint Stock Company operates as an electric grid company of Russia. More Details
Rewards
Risk Analysis
Snowflake Analysis
Good value with mediocre balance sheet.
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
1.3%
MRKC
0.09%
RU Electric Utilities
2.8%
RU Market
1 Year Return
63.4%
MRKC
16.5%
RU Electric Utilities
31.1%
RU Market
Return vs Industry: MRKC exceeded the Russian Electric Utilities industry which returned 15.8% over the past year.
Return vs Market: MRKC exceeded the Russian Market which returned 30.2% over the past year.
Shareholder returns
| MRKC | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.3% | 0.09% | 2.8% |
| 30 Day | 2.8% | -1.2% | 2.7% |
| 90 Day | 0.2% | -6.1% | 4.3% |
| 1 Year | 63.4%63.4% | 21.6%16.5% | 39.4%31.1% |
| 3 Year | 30.3%7.2% | 39.8%19.8% | 70.1%40.5% |
| 5 Year | 114.9%53.4% | 113.7%70.8% | 123.1%68.9% |
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
8 months ago | Simply Wall St
Should Interregional Distribution Grid Company of Centre, Public Joint Stock Company (MCX:MRKC) Be Part Of Your Dividend Portfolio?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 (RUB0.39) is trading below our estimate of fair value (RUB0.87)
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 (8x) compared to the RU Electric Utilities industry average (7.8x).
PE vs Market: MRKC is good value based on its PE Ratio (8x) compared to the Russian market (10x).
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 (0.7x).
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 (7.7%).
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 (8.6% 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 (2.4%).
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?
5.14%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MRKC's dividend (5.14%) is higher than the bottom 25% of dividend payers in the Russian market (3.41%).
High Dividend: MRKC's dividend (5.14%) is low compared to the top 25% of dividend payers in the Russian market (7.82%).
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: Unable to calculate sustainability of dividends as MRKC has not reported any payouts.
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)
2.58yrs
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 ( 1.9 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: ₽16.516b
- 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/19 19:53 |
| End of Day Share Price | 2021/04/19 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.