Interregional Distribution Grid Company of Centre
Interregional Distribution Grid Company of Centre, Public Joint Stock Company operates as an electric grid company of Russia. The last earnings update was 30 days ago. More info.
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MRKC Share Price and Events
7 Day Returns
1 Year Returns
MRKC Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Interregional Distribution Grid Company of Centre (MRKC) | -0.6% | 9.6% | 6.3% | -11.4% | 23.7% | 71.5% |
| RU Electric Utilities | 1.1% | 2.2% | 5.3% | -4.7% | 38.1% | 101.4% |
| RU Market | 0.2% | 1.7% | 3.1% | 8% | 30.8% | 97.1% |
1 Year Return vs Industry and Market
- MRKC underperformed the Electric Utilities industry which returned -4.7% over the past year.
- MRKC underperformed the Market in Russian Federation which returned 8% over the past year.
Value
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
Interregional Distribution Grid Company of Centre
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Interregional Distribution Grid Company of Centre.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 2 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 16.7% |
| 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.
| 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 | 0.24 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.242 (1 + (1- 20%) (299.9%)) |
0.88 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.88 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.44% + (0.88 * 9.43%) |
16.74% |
Discounted Cash Flow Calculation for MISX:MRKC using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Interregional Distribution Grid Company of Centre 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.
| Levered FCF (RUB, Millions) | Source |
Present Value Discounted (@ 16.74%) |
|
|---|---|---|---|
| 2019 | 3,897.81 | Analyst x1 | 3,338.93 |
| 2020 | 4,549.90 | Analyst x1 | 3,338.67 |
| 2021 | 4,517.98 | Analyst x1 | 2,839.89 |
| 2022 | 4,865.04 | Analyst x1 | 2,619.57 |
| 2023 | 5,133.26 | Analyst x1 | 2,367.68 |
| 2024 | 5,421.43 | Est @ 5.61% | 2,142.05 |
| 2025 | 5,771.75 | Est @ 6.46% | 1,953.48 |
| 2026 | 6,178.96 | Est @ 7.06% | 1,791.44 |
| 2027 | 6,640.56 | Est @ 7.47% | 1,649.22 |
| 2028 | 7,155.97 | Est @ 7.76% | 1,522.39 |
| Present value of next 10 years cash flows | RUB23,563.30 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= RUB7,155.97 × (1 + 8.44%) ÷ (16.74% – 8.44%) |
RUB93,509.83 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= RUB93,509.83 ÷ (1 + 16.74%)10 |
RUB19,893.69 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= RUB23,563.30 + RUB19,893.69 |
RUB43,457.00 |
| Equity Value per Share (RUB) |
= Total value / Shares Outstanding
= RUB43,457.00 / 42,217.94 |
RUB1.03 |
| Calculation | Result | |
|---|---|---|
| Value per share (RUB) | From above. | RUB1.03 |
| Current discount | Discount to share price of
RUB0.32
= -1 x (RUB0.32 - RUB1.03) / RUB1.03 |
69% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Interregional Distribution Grid Company of Centre's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Interregional Distribution Grid Company of Centre's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Interregional Distribution Grid Company of Centre's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Interregional Distribution Grid Company of Centre's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in RUB | RUB0.07 |
| MISX:MRKC Share Price ** | MISX (2019-04-19) in RUB | RUB0.32 |
| Russian Federation Electric Utilities Industry PE Ratio | Median Figure of 33 Publicly-Listed Electric Utilities Companies | 6.9x |
| Russian Federation Market PE Ratio | Median Figure of 129 Publicly-Listed Companies | 7.36x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Interregional Distribution Grid Company of Centre.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = MISX:MRKC Share Price ÷ EPS (both in RUB) = 0.32 ÷ 0.07 |
4.59x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Interregional Distribution Grid Company of Centre is good value based on earnings compared to the RU Electric Utilities industry average.
- Interregional Distribution Grid Company of Centre is good value based on earnings compared to the Russian Federation market.
Price based on expected Growth
Does
Interregional Distribution Grid Company of Centre's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 4.59x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts |
8.2%per year |
| Russian Federation Electric Utilities Industry PEG Ratio | Median Figure of 8 Publicly-Listed Electric Utilities Companies | -0.01x |
| Russian Federation Market PEG Ratio | Median Figure of 33 Publicly-Listed Companies | 0.51x |
*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 Interregional Distribution Grid Company of Centre, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Interregional Distribution Grid Company of Centre's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in RUB | RUB1.06 |
| MISX:MRKC Share Price * | MISX (2019-04-19) in RUB | RUB0.32 |
| Russian Federation Electric Utilities Industry PB Ratio | Median Figure of 37 Publicly-Listed Electric Utilities Companies | 0.58x |
| Russian Federation Market PB Ratio | Median Figure of 149 Publicly-Listed Companies | 0.82x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = MISX:MRKC Share Price ÷ Book Value per Share (both in RUB) = 0.32 ÷ 1.06 |
0.3x |
* Primary Listing of Interregional Distribution Grid Company of Centre.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Interregional Distribution Grid Company of Centre is good value based on assets compared to the RU Electric Utilities industry average.
Value checks
We assess Interregional Distribution Grid Company of Centre's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Electric Utilities industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Electric Utilities industry average (and greater than 0)? (1 check) Interregional Distribution Grid Company of Centre has a total score of 5/6, 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.
Future Performance
- No analysts cover Interregional Distribution Grid Company of Centre, 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!
Earnings growth vs Low Risk Savings
- Interregional Distribution Grid Company of Centre's earnings growth is positive but not above the low risk savings rate of 8.4%.
Growth vs Market Checks
- Interregional Distribution Grid Company of Centre's earnings growth is expected to exceed the Russian Federation market average.
- Interregional Distribution Grid Company of Centre's revenue growth is positive but not above the Russian Federation market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| MISX:MRKC Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts | 8.2% |
| MISX:MRKC Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts | 3.4% |
| Russian Federation Electric Utilities Industry Earnings Growth Rate | Market Cap Weighted Average | 6.2% |
| Russian Federation Electric Utilities Industry Revenue Growth Rate | Market Cap Weighted Average | 2.2% |
| Russian Federation Market Earnings Growth Rate | Market Cap Weighted Average | 3.8% |
| Russian Federation Market Revenue Growth Rate | Market Cap Weighted Average | 4.3% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| Date (Data in RUB Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 103,872 | 14,036 | 1 | |
| 2020-12-31 | 100,176 | 14,083 | 2 | |
| 2019-12-31 | 96,458 | 15,212 | 2 |
| Date (Data in RUB Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 93,935 | 14,437 | 2,935 |
| 2018-09-30 | 93,760 | 12,904 | 2,528 |
| 2018-06-30 | 92,646 | 14,868 | 2,409 |
| 2018-03-31 | 92,262 | 11,039 | 2,446 |
| 2017-12-31 | 91,116 | 14,268 | 2,753 |
| 2017-09-30 | 90,282 | 16,754 | 3,943 |
| 2017-06-30 | 90,000 | 16,000 | 4,943 |
| 2017-03-31 | 88,310 | 16,709 | 4,890 |
| 2016-12-31 | 86,295 | 14,702 | 4,724 |
| 2016-09-30 | 82,760 | 11,146 | 3,082 |
| 2016-06-30 | 83,445 | 10,257 | 2,189 |
| 2016-03-31 | 83,660 | 12,961 | 2,550 |
*GAAP earnings excluding extraordinary items.
High Growth Checks
- Interregional Distribution Grid Company of Centre's earnings are expected to grow by 8.2% yearly, however this is not considered high growth (20% yearly).
- Interregional Distribution Grid Company of Centre's revenue is expected to grow by 3.4% yearly, however this is not considered high growth (20% yearly).
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 2 Analyst Estimates (S&P Global) | See Below |
All data from Interregional Distribution Grid Company of Centre Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in RUB Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | ||||
| 2020-12-31 | ||||
| 2019-12-31 |
| Date (Data in RUB Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.07 |
| 2018-09-30 | 0.06 |
| 2018-06-30 | 0.06 |
| 2018-03-31 | 0.06 |
| 2017-12-31 | 0.07 |
| 2017-09-30 | 0.09 |
| 2017-06-30 | 0.12 |
| 2017-03-31 | 0.12 |
| 2016-12-31 | 0.11 |
| 2016-09-30 | 0.07 |
| 2016-06-30 | 0.05 |
| 2016-03-31 | 0.06 |
*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.
- Interregional Distribution Grid Company of Centre is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Interregional Distribution Grid Company of Centre's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Russian Federation market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Russian Federation market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Interregional Distribution Grid Company of Centre has a total score of 1/6, 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.
Past Performance
How has Interregional Distribution Grid Company of Centre 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
Past Earnings growth analysis
- Interregional Distribution Grid Company of Centre has delivered over 20% year on year earnings growth in the past 5 years.
- Interregional Distribution Grid Company of Centre's 1-year earnings growth is less than its 5-year average (6.6% vs 38.3%)
- Interregional Distribution Grid Company of Centre's earnings growth has exceeded the RU Electric Utilities industry average in the past year (6.6% vs 3.2%).
Earnings and Revenue History
All data from Interregional Distribution Grid Company of Centre Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in RUB Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 93,935.26 | 2,935.25 | 22,478.14 | |
| 2018-09-30 | 93,759.95 | 2,527.65 | 23,277.68 | |
| 2018-06-30 | 92,645.63 | 2,408.79 | 22,065.20 | |
| 2018-03-31 | 92,262.21 | 2,445.57 | 21,606.01 | |
| 2017-12-31 | 91,115.57 | 2,753.15 | 21,434.22 | |
| 2017-09-30 | 90,282.33 | 3,943.10 | 22,144.39 | |
| 2017-06-30 | 90,000.38 | 4,942.85 | 22,624.67 | |
| 2017-03-31 | 88,310.23 | 4,890.35 | 23,094.98 | |
| 2016-12-31 | 86,294.86 | 4,723.76 | 23,132.92 | |
| 2016-09-30 | 82,760.10 | 3,081.60 | 22,220.77 | |
| 2016-06-30 | 83,444.83 | 2,188.82 | 22,985.36 | |
| 2016-03-31 | 83,659.95 | 2,549.86 | 22,289.61 | |
| 2015-12-31 | 80,830.29 | 852.81 | 21,780.91 | |
| 2015-09-30 | 79,520.54 | -1,949.63 | 20,198.19 | |
| 2015-06-30 | 78,210.80 | -4,752.08 | 18,615.47 | |
| 2015-03-31 | 82,601.21 | -4,035.18 | 18,606.74 | |
| 2014-12-31 | 86,991.62 | -3,318.29 | 18,598.01 | |
| 2014-09-30 | 93,038.06 | -557.99 | 21,004.80 | |
| 2014-06-30 | 99,084.51 | 2,202.30 | 23,411.59 | |
| 2014-03-31 | 96,190.52 | 1,217.99 | 24,555.56 | |
| 2013-12-31 | 93,296.54 | 233.68 | 25,699.52 | |
| 2013-09-30 | 85,512.96 | 972.49 | 23,214.66 | |
| 2013-06-30 | 77,729.39 | 1,711.29 | 20,729.80 | |
| 2013-03-31 | 72,941.01 | 2,773.84 | 21,725.71 | |
| 2012-12-31 | 69,984.04 | 4,561.77 | 16,178.35 | |
| 2012-09-30 | 70,728.95 | 3,825.18 | 26,134.59 | |
| 2012-06-30 | 67,978.90 | 5,159.64 | 15,693.93 |
*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.
- Interregional Distribution Grid Company of Centre has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Interregional Distribution Grid Company of Centre used its assets more efficiently than the RU Electric Utilities industry average last year based on Return on Assets.
- Interregional Distribution Grid Company of Centre has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Interregional Distribution Grid Company of Centre's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Electric Utilities industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Interregional Distribution Grid Company of Centre has a total score of 4/6, 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.
Health
How is Interregional Distribution Grid Company of Centre'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 Interregional Distribution Grid Company of Centre's finances.
The net worth of a company is the difference between its assets and liabilities.
- Interregional Distribution Grid Company of Centre's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Interregional Distribution Grid Company of Centre's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.4x 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.
All data from Interregional Distribution Grid Company of Centre Company Filings, last reported 3 months ago.
| Date (Data in RUB Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 44,862.97 | 40,389.68 | 787.05 |
| 2018-09-30 | 45,597.43 | 39,639.94 | 216.30 |
| 2018-06-30 | 45,526.32 | 38,791.61 | 318.19 |
| 2018-03-31 | 45,971.26 | 38,960.60 | 759.48 |
| 2017-12-31 | 42,619.16 | 41,480.67 | 1,362.31 |
| 2017-09-30 | 43,727.65 | 42,072.19 | 2,536.02 |
| 2017-06-30 | 44,007.53 | 42,375.27 | 3,759.68 |
| 2017-03-31 | 45,653.40 | 43,598.78 | 8,126.96 |
| 2016-12-31 | 43,253.73 | 43,278.49 | 2,567.31 |
| 2016-09-30 | |||
| 2016-06-30 | 40,704.55 | 42,608.96 | 2,220.03 |
| 2016-03-31 | 38,886.34 | 42,113.19 | 123.22 |
| 2015-12-31 | 38,886.34 | 42,113.19 | 123.22 |
| 2015-09-30 | 38,886.34 | 42,113.19 | 123.22 |
| 2015-06-30 | 39,168.03 | 36,840.70 | 1,203.15 |
| 2015-03-31 | 39,168.03 | 36,840.70 | 1,203.15 |
| 2014-12-31 | 38,931.66 | 37,363.92 | 395.84 |
| 2014-09-30 | 38,931.66 | 37,363.92 | 395.84 |
| 2014-06-30 | 44,439.51 | 33,780.62 | 366.72 |
| 2014-03-31 | 44,439.51 | 33,780.62 | 366.72 |
| 2013-12-31 | 41,753.98 | 33,696.96 | 1,114.94 |
| 2013-09-30 | 41,753.98 | 33,696.96 | 1,114.94 |
| 2013-06-30 | 42,465.56 | 27,698.70 | 1,432.95 |
| 2013-03-31 | 42,465.56 | 27,698.70 | 1,432.95 |
| 2012-12-31 | 42,641.54 | 27,044.38 | 971.59 |
| 2012-09-30 | 42,583.81 | 27,044.38 | 971.59 |
| 2012-06-30 | 41,611.54 | 22,015.21 | 3,322.35 |
- Interregional Distribution Grid Company of Centre's level of debt (90%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (80.6% vs 90% today).
- Debt is well covered by operating cash flow (35.7%, greater than 20% of total debt).
- Interest payments on debt are not well covered by earnings (EBIT is 2.6x annual interest expense, ideally 3x coverage).
Financial health checks
We assess Interregional Distribution Grid Company of Centre's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Interregional Distribution Grid Company of Centre has a total score of 1/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
Dividends
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
RUB2,000 of
Interregional Distribution Grid Company of Centre
shares you are expected to receive
RUB131
in your first year as a dividend.
Dividend Amount
- Interregional Distribution Grid Company of Centre's pays a higher dividend yield than the bottom 25% of dividend payers in Russian Federation (3.25%).
- Interregional Distribution Grid Company of Centre's dividend is below the markets top 25% of dividend payers in Russian Federation (9.15%).
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.
| 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 2 Analyst Estimates (S&P Global) | See Below |
| Russian Federation Electric Utilities Industry Average Dividend Yield | Market Cap Weighted Average of 19 Stocks | 5.9% |
| Russian Federation Market Average Dividend Yield | Market Cap Weighted Average of 75 Stocks | 6.8% |
| Russian Federation Minimum Threshold Dividend Yield | 10th Percentile | 1.8% |
| Russian Federation Bottom 25% Dividend Yield | 25th Percentile | 3.2% |
| Russian Federation Top 25% Dividend Yield | 75th Percentile | 9.2% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in RUB) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | 0.03 | 1.00 |
| 2022-12-31 | 0.03 | 1.00 |
| 2021-12-31 | 0.03 | 1.00 |
| 2020-12-31 | 0.02 | 1.00 |
| 2019-12-31 | 0.02 | 1.00 |
| Date (Data in RUB) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-08-23 | 0.021 | 7.016 |
| 2018-03-16 | 0.021 | 6.039 |
| 2017-07-26 | 0.044 | 10.427 |
| 2016-08-19 | 0.011 | 2.812 |
| 2016-04-04 | 0.011 | 4.080 |
| 2015-08-27 | 0.020 | 9.673 |
| 2015-04-03 | 0.020 | 7.990 |
| 2014-09-05 | 0.002 | 0.676 |
| 2014-04-02 | 0.002 | 0.785 |
| 2013-08-29 | 0.020 | 8.888 |
| 2013-04-03 | 0.020 | 5.202 |
| 2012-08-29 | 0.010 | 1.677 |
| 2012-04-10 | 0.010 | 1.765 |
| 2011-07-01 | 0.015 | 1.907 |
| 2011-04-29 | 0.014 | 1.405 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Interregional Distribution Grid Company of Centre 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 Interregional Distribution Grid Company of Centre only paid a dividend in the past 8 years.
Income/ dividend checks
We assess Interregional Distribution Grid Company of Centre's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Interregional Distribution Grid Company of Centre afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Interregional Distribution Grid Company of Centre has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| TENURE AS CEO | 0.6 years |
CEO Bio
Mr.Igor Makovskiy has been General Director at Interregional Distribution Grid Company of Centre, Public Joint Stock Company since September 19, 2018. Mr. Makovskiy had 15 years of experience in the energy sector. He worked as General Director of "Yantarenergo".Mr. Makovskiy had experience in the Kaliningrad region with regard to increasing the efficiency, reliability and quality of electricity supply for consumers of all categories.
CEO Compensation
- Insufficient data for Igor to compare compensation growth.
- Insufficient data for Igor to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure
Average tenure and age of the Interregional Distribution Grid Company of Centre management team in years:
- The tenure for the Interregional Distribution Grid Company of Centre management team is about average.
Management Team
Igor Makovskiy
General Director
0.6 yrs
Oleg Isaev
Chairman of Management Board & Director
49
6.3 yrs
Alexander Pilyugin
Deputy Chairman of Management Board
50
Lyudmila Sklyarova
Chief Accountant
60
Mikhail Kachan
Head of Department Operational and Technological Management
Ivan Kleymenov
Deputy General Director & Member of Managementt Board
58
9.2 yrs
Sergey Rumyantsev
Adviser to the General Director & Member of Management Board
62
5.8 yrs
Konstantin Mikhailik
First Deputy General Director & Member of Management Board
35
4.1 yrs
Inna Gromova
Deputy GM of Human Resources Management & Organisational Design and Member of Management Board
51
3.9 yrs
Andrey Zemskov
Head of Investment Department
Board of Directors Tenure
Average tenure and age of the Interregional Distribution Grid Company of Centre board of directors in years:
- The tenure for the Interregional Distribution Grid Company of Centre board of directors is about average.
Board of Directors
Mangarov Nikolaevich
Chairperson
62
4.3 yrs
Oxana Shatokhina
Deputy Chairperson
43
2.8 yrs
Oleg Isaev
Chairman of Management Board & Director
49
5.8 yrs
Alexander Shevchuk
Independent Director
35
7.8 yrs
Kim Anatolievna
Chair of Audit Commission
37
Roman Filkin
Non-Executive Director
35
9.8 yrs
Denis Spirin
Non-Executive Director
38
9.8 yrs
Maxim Saukh
Non-Executive Director
39
6.8 yrs
Pavel Snikkars
Non-Executive Director
40
4.8 yrs
Tatiana Dronova
Independent Director
RUB675K
64
3.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (RUB) | Value (RUB) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Interregional Distribution Grid Company of Centre's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Interregional Distribution Grid Company of Centre 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.
News
Simply Wall St News
Is Interregional Distribution Grid Company of Centre, Public Joint Stock Company (MCX:MRKC) An Attractive Dividend Stock?
Is Interregional Distribution Grid Company of Centre, Public Joint Stock Company (MCX:MRKC) a good dividend stock? … With a eight-year payment history and a 6.5% yield, many investors probably find Interregional Distribution Grid Company of Centre intriguing. … Explore this interactive chart for our latest analysis on Interregional Distribution Grid Company of Centre!
Simply Wall St - – Full articleIs Interregional Distribution Grid Company of Centre, Public Joint Stock Company's (MCX:MRKC) Balance Sheet Strong Enough To Weather A Storm?
While small-cap stocks, such as Interregional Distribution Grid Company of Centre, Public Joint Stock Company (MCX:MRKC) with its market cap of RUруб14b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Assessing first and foremost the financial health is. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.
Simply Wall St - – Full articleDid You Miss Interregional Distribution Grid Company of Centre's (MCX:MRKC) 43% Share Price Gain?
Unfortunately for shareholders, while the Interregional Distribution Grid Company of Centre, Public Joint Stock Company (MCX:MRKC) share price is up 43% in the last five years, that's less than the market return. … See our latest analysis for Interregional Distribution Grid Company of Centre. … Over half a decade, Interregional Distribution Grid Company of Centre managed to grow its earnings per share at 66% a year.
Simply Wall St - – Full articleDo Directors Own Interregional Distribution Grid Company of Centre, Public Joint Stock Company (MCX:MRKC) Shares?
A look at the shareholders of Interregional Distribution Grid Company of Centre, Public Joint Stock Company (MCX:MRKC) can tell us which group is most powerful. … Interregional Distribution Grid Company of Centre is a smaller company with a market capitalization of RUруб12b, so it may still be flying under the radar of many institutional investors. … institutional investors have bought into the company.
Simply Wall St - – Full articleWhat We Think Of Interregional Distribution Grid Company of Centre, Public Joint Stock Company’s (MCX:MRKC) Investment Potential
In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.
Simply Wall St - – Full articleWhat Kind Of Shareholders Own Interregional Distribution Grid Company of Centre Public Joint Stock Company (MCX:MRKC)?
The big shareholder groups in Interregional Distribution Grid Company of Centre Public Joint Stock Company (MCX:MRKC) have power over the company. … With a market capitalization of RUруб12b, Interregional Distribution Grid Company of Centre is a small cap stock, so it might not be well known by many institutional investors. … institutional investors have bought into the company.
Simply Wall St - – Full articleShould You Be Tempted To Buy Interregional Distribution Grid Company of Centre Public Joint Stock Company (MCX:MRKC) Because Of Its PE Ratio?
and want to begin learning about how to value company based on its current earnings and what are the drawbacks of this method. … Interregional Distribution Grid Company of Centre Public Joint Stock Company (MCX:MRKC) trades with a trailing P/E of 5.3, which is lower than the industry average of 5.7. … View our latest analysis for Interregional Distribution Grid Company of Centre
Simply Wall St - – Full articleWith An ROE Of 5.4%, Can Interregional Distribution Grid Company of Centre Public Joint Stock Company (MCX:MRKC) Catch Up To The Industry?
Interregional Distribution Grid Company of Centre Public Joint Stock Company (MCX:MRKC) generated a below-average return on equity of 5.4% in the past 12 months, while its industry returned 9.9%. … An investor may attribute an inferior ROE to a relatively inefficient performance, and whilst this can often be the case, knowing the nuts and bolts of the ROE calculation may change that perspective and give you a deeper insight into MRKC's past performance. … Check out our latest analysis for Interregional Distribution Grid Company of Centre
Simply Wall St - – Full articleWhat You Must Know About Interregional Distribution Grid Company of Centre Public Joint Stock Company's (MCX:MRKC) Major Investors
In this analysis, my focus will be on developing a perspective on Interregional Distribution Grid Company of Centre Public Joint Stock Company’s (MCX:MRKC) latest ownership structure, a less discussed, but important factor. … Therefore, it is beneficial for us to examine MRKC's ownership structure in more detail. … Check out our latest analysis for Interregional Distribution Grid Company of Centre
Simply Wall St - – Full articleWhat does Interregional Distribution Grid Company of Centre Public Joint Stock Company's (MCX:MRKC) Balance Sheet Tell Us About Its Future?
While small-cap stocks, such as Interregional Distribution Grid Company of Centre Public Joint Stock Company (MCX:MRKC) with its market cap of RUруб14.78b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Assessing first and foremost the financial health is. … Here are few basic financial health checks you should consider before taking the plunge.
Simply Wall St - – Full articleCompany Info
Description
Interregional Distribution Grid Company of Centre, Public Joint Stock Company operates as an electric grid company of Russia. The company transmits and distributes electricity; and connects customers to the electric grid. It supplies electricity to the population, industrial companies, transport and agriculture enterprises, and socially important facilities. The company was founded in 2004 and is based in Moscow, Russia. Interregional Distribution Grid Company of Centre, Public Joint Stock Company operates as a subsidiary of Rosseti, Public Joint Stock Company
Details
| Name: | Interregional Distribution Grid Company of Centre, Public Joint Stock Company |
| MRKC | |
| Exchange: | MISX |
| Founded: | 2004 |
| RUB13,467,523,328 | |
| 42,217,941,468 | |
| Website: | http://www.mrsk-1.ru |
| Address: |
Interregional Distribution Grid Company of Centre, Public Joint Stock Company 4, 2nd Yamskaya street, Moscow, 127018, Russia |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| MISX | MRKC | Ordinary Shares | Micex - Rts | RU | RUB | 29. May 2008 |
Number of employees
Current staff
Industry
| Electric Utilities | |
| Utilities |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/19 21:21 |
| End of day share price update: | 2019/04/19 00:00 |
| Last estimates confirmation: | 2019/04/05 |
| Last earnings filing: | 2019/03/20 |
| Last earnings reported: | 2018/12/31 |
| 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.
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