MISX:MRKS

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Interregional Distribution Grid Company of Siberia

Executive Summary

Public Joint-Stock Company Interregional Distribution Grid Company of Siberia, together with its subsidiaries, transmits and distributes electricity for power grids in Russia. More Details

Rewards

Trading at 34.4% below our estimate of its fair value

Risk Analysis

No risks detected for MRKS from our risk checks.


Snowflake Analysis

Slightly overvalued with weak fundamentals.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: MRKS is not significantly more volatile than the rest of Russian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MRKS's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

3.5%

MRKS

-2.3%

RU Electric Utilities

-0.2%

RU Market


1 Year Return

66.2%

MRKS

-3.3%

RU Electric Utilities

1.4%

RU Market

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

Return vs Market: MRKS exceeded the Russian Market which returned 1.4% over the past year.


Shareholder returns

MRKSIndustryMarket
7 Day3.5%-2.3%-0.2%
30 Day-1.6%-2.0%1.0%
90 Day27.0%1.6%7.8%
1 Year66.2%66.2%1.0%-3.3%8.0%1.4%
3 Year215.8%200.8%38.2%18.7%51.4%25.0%
5 Year706.6%668.3%166.5%111.5%126.1%71.3%

Long-Term Price Volatility Vs. Market

How volatile is Interregional Distribution Grid Company of Siberia'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 Siberia undervalued compared to its fair value and its price relative to the market?

34.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MRKS (RUB0.39) is trading below our estimate of fair value (RUB0.59)

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


Price To Earnings Ratio

PE vs Industry: MRKS is unprofitable, so we can't compare its PE Ratio to the RU Electric Utilities industry average.

PE vs Market: MRKS is unprofitable, so we can't compare its PE Ratio to the Russian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MRKS is overvalued based on its PB Ratio (2.1x) compared to the RU Electric Utilities industry average (0.7x).


Next Steps

Future Growth

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

3.6%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

Earnings vs Market: Insufficient data to determine if MRKS'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: MRKS's revenue (3.6% per year) is forecast to grow slower than the Russian market (8.2% per year).

High Growth Revenue: MRKS's revenue (3.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MRKS's Return on Equity is forecast to be low in 3 years time (8.1%).


Next Steps

Past Performance

How has Interregional Distribution Grid Company of Siberia performed over the past 5 years?

17.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MRKS is currently unprofitable.

Growing Profit Margin: MRKS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MRKS is unprofitable, but has reduced losses over the past 5 years at a rate of 17% per year.

Accelerating Growth: Unable to compare MRKS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MRKS is unprofitable, making it difficult to compare its past year earnings growth to the Electric Utilities industry (-0.02%).


Return on Equity

High ROE: MRKS has a negative Return on Equity (-3.54%), as it is currently unprofitable.


Next Steps

Financial Health

How is Interregional Distribution Grid Company of Siberia's financial position?


Financial Position Analysis

Short Term Liabilities: MRKS's short term assets (RUB11.6B) do not cover its short term liabilities (RUB19.7B).

Long Term Liabilities: MRKS's short term assets (RUB11.6B) do not cover its long term liabilities (RUB37.6B).


Debt to Equity History and Analysis

Debt Level: MRKS's debt to equity ratio (216.4%) is considered high.

Reducing Debt: MRKS's debt to equity ratio has increased from 136.8% to 216.4% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if MRKS has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if MRKS has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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

2.77%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MRKS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MRKS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MRKS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MRKS's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: MRKS is not paying a notable dividend for the Russian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MRKS's dividend in 3 years as they are not forecast to pay a notable one for the Russian market.


Next Steps

Management

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


CEO

Artem Pidnic

2.33yrs

Tenure

Artem Pidnic has been Director General of PJSC IDGC of North-West since 11 October 2018.


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 Interregional Distribution Grid Company of Siberia's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Public Joint Stock Company Interregional Distribution Grid Company of Siberia
  • Ticker: MRKS
  • Exchange: MISX
  • Founded: 2005
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: ₽38.495b
  • Shares outstanding: 94.82b
  • Website: https://rosseti-sib.ru

Number of Employees


Location

  • Public Joint Stock Company Interregional Distribution Grid Company of Siberia
  • 144a, Bograda street
  • Krasnoyarsk
  • Krasnoyarsky kray
  • 660021
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MRKSMISX (Micex - Rts)YesOrdinary SharesRURUBJun 2008

Biography

Public Joint-Stock Company Interregional Distribution Grid Company of Siberia, together with its subsidiaries, transmits and distributes electricity for power grids in Russia. It also provides services for...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/25 18:11
End of Day Share Price2021/02/25 00:00
Earnings2020/09/30
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.