Executive Summary
Interregional Distribution Grid Company of Center and Volga Region, Public Joint Stock Company engages in the transmission and distribution of power in Russia.
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with excellent 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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
2.4%
MRKP
1.0%
RU Electric Utilities
2.8%
RU Market
1 Year Return
-34.6%
MRKP
11.4%
RU Electric Utilities
0.6%
RU Market
Return vs Industry: MRKP underperformed the Russian Electric Utilities industry which returned 12% over the past year.
Return vs Market: MRKP underperformed the Russian Market which returned 0.1% over the past year.
Shareholder returns
| MRKP | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.4% | 1.0% | 2.8% |
| 30 Day | 9.8% | 10.0% | 6.3% |
| 90 Day | -1.9% | 2.4% | 1.9% |
| 1 Year | -19.1%-34.6% | 18.7%11.4% | 7.2%0.6% |
| 3 Year | 59.0%6.2% | 40.4%19.2% | 65.5%39.3% |
| 5 Year | 355.7%161.7% | 181.0%124.7% | 120.1%71.7% |
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
1 week ago | Simply Wall St
These 4 Measures Indicate That Interregional Distribution Grid Company of Center and Volga Region (MCX:MRKP) Is Using Debt ExtensivelyValuation
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 (RUB0.19) is trading below our estimate of fair value (RUB0.38)
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 (2.8x) compared to the Electric Utilities industry average (8x).
PE vs Market: MRKP is good value based on its PE Ratio (2.8x) compared to the Russian market (8.2x).
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 (0.4x) 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?
4.9%
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 (8.3%).
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 (4.9% per year) is forecast to grow slower than the Russian market (7% per year).
High Growth Revenue: MRKP's revenue (4.9% 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?
18.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MRKP has high quality earnings.
Growing Profit Margin: MRKP's current net profit margins (7.9%) are lower than last year (11.7%).
Past Earnings Growth Analysis
Earnings Trend: MRKP has become profitable over the past 5 years, growing earnings by 18.6% per year.
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 (-29.5%) over the past year, making it difficult to compare to the Electric Utilities industry average (7.5%).
Return on Equity
High ROE: MRKP's Return on Equity (12.9%) 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 (RUB33.1B) exceed its short term liabilities (RUB24.6B).
Long Term Liabilities: MRKP's short term assets (RUB33.1B) exceed its long term liabilities (RUB29.7B).
Debt to Equity History and Analysis
Debt Level: MRKP's debt to equity ratio (44.8%) is considered high.
Reducing Debt: MRKP's debt to equity ratio has reduced from 80.1% to 44.8% over the past 5 years.
Debt Coverage: MRKP's debt is well covered by operating cash flow (60.6%).
Interest Coverage: MRKP's interest payments on its debt are well covered by EBIT (6.5x coverage).
Balance Sheet
Next Steps
Dividend
What is Interregional Distribution Grid Company of Center and Volga Region's current dividend yield, its reliability and sustainability?
17.11%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MRKP's dividend (17.11%) is higher than the bottom 25% of dividend payers in the Russian market (3.71%).
High Dividend: MRKP's dividend (17.11%) is in the top 25% of dividend payers in the Russian market (9.07%)
Stability and Growth of Payments
Stable Dividend: MRKP has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: MRKP's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (84.2%), MRKP's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MRKP's dividends in 3 years are forecast to be well covered by earnings (19.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.5yrs
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairperson of the Management Board & Director | 1yr | no data | no data | |
| Chairman of The Audit Commission | no data | ₽202.50k | no data | |
| Director | 7yrs | no data | no data | |
| Independent Director | 6yrs | ₽3.25m | no data | |
| Director | 7.83yrs | ₽810.32k | no data | |
| Chairperson of the Board | no data | no data | no data | |
| Independent Director | 2yrs | no data | no data | |
| Independent Director | 1yr | no data | no data | |
| Director | 0.083yr | no data | no data | |
| Non-Executive Director | 0.083yr | no data | no data |
1.5yrs
Average Tenure
45yo
Average Age
Experienced Board: MRKP's board of directors are not considered experienced ( 1.5 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: ₽21.503b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MRKP | MISX (Micex - Rts) | Yes | Ordinary Shares | RU | RUB | Apr 2008 |
Biography
Interregional Distribution Grid Company of Center and Volga Region, Public Joint Stock Company engages in the transmission and distribution of power in Russia. It offers power transmission and distribution services to electric grids located in Vladimir, Ivanovo, Kaluga, Kirov, Nizhny Novgorod, Ryazan, and Tula regions, as well as in the Republic of Mary El and the Republic of Udmurtia. The company was founded in 2007 and is headquartered in Nizhny Novgorod, Russia. Interregional Distribution Grid Company of Center and Volga Region, Public Joint Stock Company is a subsidiary of Rosseti, Public Joint Stock Company.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/05 22:39 |
| End of Day Share Price | 2020/06/05 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.