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MRKC

Rosseti Centre MISX:MRKC Stock Report

Last Price

₽0.31

Market Cap

₽13.0b

7D

5.8%

1Y

-27.2%

Updated

20 May, 2022

Data

Company Financials
MRKC fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance4/6
Financial Health3/6
Dividends5/6

MRKC Stock Overview

Public Joint Stock Company Rosseti Centre operates as a power grid company in Russia.

Rosseti Centre Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Rosseti Centre
Historical stock prices
Current Share Price₽0.31
52 Week High₽0.46
52 Week Low₽0.18
Beta0.85
1 Month Change34.06%
3 Month Change-12.34%
1 Year Change-27.18%
3 Year Change1.52%
5 Year Change-33.33%
Change since IPO-62.83%

Recent News & Updates

Nov 29
Interregional Distribution Grid Company of Centre's (MCX:MRKC) Soft Earnings Are Actually Better Than They Appear

Interregional Distribution Grid Company of Centre's (MCX:MRKC) Soft Earnings Are Actually Better Than They Appear

The market for Interregional Distribution Grid Company of Centre, Public Joint Stock Company's ( MCX:MRKC ) shares...

Shareholder Returns

MRKCRU Electric UtilitiesRU Market
7D5.8%1.1%2.7%
1Y-27.2%-28.6%-22.6%

Return vs Industry: MRKC matched the Russian Electric Utilities industry which returned -27.5% over the past year.

Return vs Market: MRKC underperformed the Russian Market which returned -20.6% over the past year.

Price Volatility

Is MRKC's price volatile compared to industry and market?
MRKC volatility
MRKC Average Weekly Movement15.3%
Electric Utilities Industry Average Movement15.7%
Market Average Movement15.6%
10% most volatile stocks in RU Market22.1%
10% least volatile stocks in RU Market9.7%

Stable Share Price: MRKC is not significantly more volatile than the rest of Russian stocks over the past 3 months, typically moving +/- 15% a week.

Volatility Over Time: MRKC's weekly volatility has increased from 7% to 15% over the past year, but is still lower than 75% of Russian stocks.

About the Company

FoundedEmployeesCEOWebsite
2004n/aIgor Makovskiyhttps://www.mrsk-1.ru

Public Joint Stock Company Rosseti Centre operates as a power grid company in Russia. The company provides power transmission and distribution; and grid connections services. It supplies electricity to the industrial manufacturers, transport companies, agricultural producers, community facilities, and guaranteeing suppliers.

Rosseti Centre Fundamentals Summary

How do Rosseti Centre's earnings and revenue compare to its market cap?
MRKC fundamental statistics
Market Cap₽12.96b
Earnings (TTM)₽4.25b
Revenue (TTM)₽108.10b

3.0x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MRKC income statement (TTM)
Revenue₽108.10b
Cost of Revenue₽95.46b
Gross Profit₽12.64b
Other Expenses₽8.39b
Earnings₽4.25b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.10
Gross Margin11.70%
Net Profit Margin3.93%
Debt/Equity Ratio83.2%

How did MRKC perform over the long term?

See historical performance and comparison

Dividends

10.9%

Current Dividend Yield

33%

Payout Ratio

Valuation

Is Rosseti Centre undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: MRKC (RUB0.31) is trading below our estimate of fair value (RUB15.21)

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


Price To Earnings Ratio

PE vs Industry: MRKC is good value based on its PE Ratio (3x) compared to the Russian Electric Utilities industry average (5.6x).

PE vs Market: MRKC is good value based on its PE Ratio (3x) compared to the Russian market (6.8x).


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 (0.3x) compared to the RU Electric Utilities industry average (0.6x).


Future Growth

How is Rosseti Centre forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


4.3%

Forecasted Utilities industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Rosseti Centre has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Rosseti Centre performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-3.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MRKC has high quality earnings.

Growing Profit Margin: MRKC's current net profit margins (3.9%) are higher than last year (2.1%).


Past Earnings Growth Analysis

Earnings Trend: MRKC's earnings have declined by 3.8% per year over the past 5 years.

Accelerating Growth: MRKC's earnings growth over the past year (107.3%) exceeds its 5-year average (-3.8% per year).

Earnings vs Industry: MRKC earnings growth over the past year (107.3%) exceeded the Electric Utilities industry 5.6%.


Return on Equity

High ROE: MRKC's Return on Equity (8.5%) is considered low.


Financial Health

How is Rosseti Centre's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MRKC's short term assets (RUB18.8B) do not cover its short term liabilities (RUB30.8B).

Long Term Liabilities: MRKC's short term assets (RUB18.8B) do not cover its long term liabilities (RUB48.3B).


Debt to Equity History and Analysis

Debt Level: MRKC's net debt to equity ratio (79.6%) is considered high.

Reducing Debt: MRKC's debt to equity ratio has reduced from 100% to 83.2% over the past 5 years.

Debt Coverage: MRKC's debt is well covered by operating cash flow (49.3%).

Interest Coverage: MRKC's interest payments on its debt are well covered by EBIT (3.9x coverage).


Balance Sheet


Dividend

What is Rosseti Centre current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


10.91%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: MRKC's dividend (10.91%) is higher than the bottom 25% of dividend payers in the Russian market (3.69%).

High Dividend: MRKC's dividend (10.91%) is in the top 25% of dividend payers in the Russian market (10.75%)


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.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (33.3%), MRKC's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (28.3%), MRKC's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

2.8yrs

Average management tenure


CEO

Igor Makovskiy (49 yo)

3.67yrs

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 considered experienced (2.8 years average tenure).


Board Members

Experienced Board: MRKC's board of directors are considered experienced (3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Public Joint Stock Company Rosseti Centre's employee growth, exchange listings and data sources


Key Information

  • Name: Public Joint Stock Company Rosseti Centre
  • Ticker: MRKC
  • Exchange: MISX
  • Founded: 2004
  • Industry: Electric Utilities
  • Sector: Utilities
  • Implied Market Cap: ₽12.961b
  • Shares outstanding: 42.22b
  • Website: https://www.mrsk-1.ru

Number of Employees


Location

  • Public Joint Stock Company Rosseti Centre
  • 15 Malaya Ordynka street
  • Moscow
  • 119017
  • Russia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/20 00:00
End of Day Share Price2022/05/20 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.