MISX:MRKP

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Interregional Distribution Grid Company of Center and Volga Region

Executive Summary

Interregional Distribution Grid Company of Center and Volga Region, Public Joint Stock Company, together with its subsidiaries, engages in the transmission and distribution of electricity in Russia. More Details


Snowflake Analysis

Undervalued with adequate balance sheet and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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

Volatility Over Time: MRKP's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-1.2%

MRKP

-0.1%

RU Electric Utilities

0.3%

RU Market


1 Year Return

4.9%

MRKP

3.3%

RU Electric Utilities

-3.3%

RU Market

Return vs Industry: MRKP exceeded the Russian Electric Utilities industry which returned 3.3% over the past year.

Return vs Market: MRKP exceeded the Russian Market which returned -3.3% over the past year.


Shareholder returns

MRKPIndustryMarket
7 Day-1.2%-0.1%0.3%
30 Day3.3%4.1%4.2%
90 Day14.5%14.0%21.9%
1 Year4.9%4.9%7.8%3.3%3.1%-3.3%
3 Year14.8%-18.0%42.4%22.4%57.3%30.0%
5 Year567.9%301.1%207.2%143.2%146.9%86.8%

Long-Term Price Volatility Vs. Market

How volatile is Interregional Distribution Grid Company of Center and Volga Region'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 Center and Volga Region 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: MRKP (RUB0.25) is trading below our estimate of fair value (RUB1.69)

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


Price To Earnings Ratio

PE vs Industry: MRKP is good value based on its PE Ratio (4.1x) compared to the RU Electric Utilities industry average (7.9x).

PE vs Market: MRKP is good value based on its PE Ratio (4.1x) compared to the Russian market (10.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MRKP is good value based on its PB Ratio (0.5x) compared to the RU Electric Utilities industry average (0.7x).


Next Steps

Future Growth

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

6.6%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if MRKP's forecast earnings growth is above the savings rate (7.7%).

Earnings vs Market: Insufficient data to determine if MRKP'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: MRKP's revenue (6.6% per year) is forecast to grow slower than the Russian market (8.2% per year).

High Growth Revenue: MRKP's revenue (6.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MRKP's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Interregional Distribution Grid Company of Center and Volga Region performed over the past 5 years?

14.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MRKP has high quality earnings.

Growing Profit Margin: MRKP's current net profit margins (7%) are lower than last year (10.6%).


Past Earnings Growth Analysis

Earnings Trend: MRKP's earnings have grown by 14.9% per year over the past 5 years.

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

Earnings vs Industry: MRKP had negative earnings growth (-32.2%) over the past year, making it difficult to compare to the Electric Utilities industry average (-4.6%).


Return on Equity

High ROE: MRKP's Return on Equity (11.2%) is considered low.


Next Steps

Financial Health

How is Interregional Distribution Grid Company of Center and Volga Region's financial position?


Financial Position Analysis

Short Term Liabilities: MRKP's short term assets (RUB32.0B) exceed its short term liabilities (RUB19.8B).

Long Term Liabilities: MRKP's short term assets (RUB32.0B) do not cover its long term liabilities (RUB33.0B).


Debt to Equity History and Analysis

Debt Level: MRKP's debt to equity ratio (43.5%) is considered high.

Reducing Debt: MRKP's debt to equity ratio has reduced from 77.1% to 43.5% over the past 5 years.

Debt Coverage: MRKP's debt is well covered by operating cash flow (67.8%).

Interest Coverage: MRKP's interest payments on its debt are well covered by EBIT (5.4x coverage).


Balance Sheet


Next Steps

Dividend

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

6.59%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MRKP's dividend (6.59%) is higher than the bottom 25% of dividend payers in the Russian market (3.8%).

High Dividend: MRKP's dividend (6.59%) is low compared to the top 25% of dividend payers in the Russian market (7.55%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (27.2%), MRKP's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MRKP's dividends in 3 years are forecast to be well covered by earnings (24.8% payout ratio).


Next Steps

Management

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

1.6yrs

Average board tenure


CEO

Interregional Distribution Grid Company of Center and Volga Region has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Makovskiy Vladimirovich
Chairperson of the Management Board & Director1.58yrsno datano data
Marina Lelekova
Chairman of The Audit Commissionno data₽202.50kno data
Prokhorov Vyacheslavovich
Director7.58yrs₽675.00kno data
Shevchuk Victorovich
Independent Director6.58yrs₽1.64mno data
Zafesov Kazbekovich
Director8.42yrs₽1.38mno data
Kazakov Ivanovich
Non-Executive Director2.58yrs₽1.63mno data
Morozov Vladimirovich
Independent Director2.58yrs₽1.51mno data
Vitaliy Zarkhin
Independent Director1.58yrs₽571.15kno data
Mayorov Vladimirovich
Chairman of the Board0.58yrno datano data
Golovtsov Victorovich
Non-Executive Director0.67yrno datano data
Goncharov Vladimirovich
Non-Executive Director0.67yrno datano data
Alyushenko Dmitrievich
Non-Executive Director0.67yrno datano data

1.6yrs

Average Tenure

46yo

Average Age

Experienced Board: MRKP's board of directors are not considered experienced ( 1.6 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 Center and Volga Region, Public Joint Stock Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Interregional Distribution Grid Company of Center and Volga Region, Public Joint Stock Company
  • Ticker: MRKP
  • Exchange: MISX
  • Founded: 2007
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: ₽27.893b
  • Shares outstanding: 112.70b
  • Website: https://www.mrsk-cp.ru

Number of Employees


Location

  • Interregional Distribution Grid Company of Center and Volga Region, Public Joint Stock Company
  • 33 Rozhdestvenskaya Street
  • Nizhny Novgorod
  • Nizhegorodskaya obl.
  • 603950
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MRKPMISX (Micex - Rts)YesOrdinary SharesRURUBApr 2008

Biography

Interregional Distribution Grid Company of Center and Volga Region, Public Joint Stock Company, together with its subsidiaries, engages in the transmission and distribution of electricity in Russia. It off...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 18:17
End of Day Share Price2021/01/15 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.