Executive Summary
Interregional Distribution Grid Company of Urals, Joint Stock Company provides electricity transmission, distribution, and sales services in Russia. More Details
Rewards
Risk Analysis
Snowflake Analysis
Fair value with poor track record.
Similar Companies
Share Price & News
How has Interregional Distribution Grid Company of Urals's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MRKU is more volatile than 75% of Russian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: MRKU's weekly volatility (5%) has been stable over the past year, but is still higher than 75% of Russian stocks.
Market Performance
7 Day Return
0.1%
MRKU
0.8%
RU Electric Utilities
-0.4%
RU Market
1 Year Return
-7.5%
MRKU
3.4%
RU Electric Utilities
-2.4%
RU Market
Return vs Industry: MRKU underperformed the Russian Electric Utilities industry which returned 3.4% over the past year.
Return vs Market: MRKU underperformed the Russian Market which returned -2.4% over the past year.
Shareholder returns
| MRKU | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.1% | 0.8% | -0.4% |
| 30 Day | 5.6% | 5.7% | 7.6% |
| 90 Day | 17.7% | 11.8% | 21.4% |
| 1 Year | -3.3%-7.5% | 7.9%3.4% | 4.1%-2.4% |
| 3 Year | -20.0%-33.3% | 40.2%20.6% | 55.5%28.6% |
| 5 Year | 134.0%65.4% | 203.7%140.5% | 142.0%83.2% |
Long-Term Price Volatility Vs. Market
How volatile is Interregional Distribution Grid Company of Urals's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Shareholders Of Interregional Distribution Grid Company of Urals (MCX:MRKU) Must Be Happy With Their 136% Total Return1 month ago | Simply Wall St
Our Take On The Returns On Capital At Interregional Distribution Grid Company of Urals (MCX:MRKU)Valuation
Is Interregional Distribution Grid Company of Urals 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: MRKU (RUB0.16) is trading below our estimate of fair value (RUB0.82)
Significantly Below Fair Value: MRKU is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MRKU is poor value based on its PE Ratio (13.5x) compared to the RU Electric Utilities industry average (7.9x).
PE vs Market: MRKU is poor value based on its PE Ratio (13.5x) compared to the Russian market (11.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MRKU's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MRKU is good value based on its PB Ratio (0.3x) compared to the RU Electric Utilities industry average (0.7x).
Next Steps
Future Growth
How is Interregional Distribution Grid Company of Urals forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
3.8%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if MRKU's forecast earnings growth is above the savings rate (7.7%).
Earnings vs Market: Insufficient data to determine if MRKU'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: MRKU's revenue (3.8% per year) is forecast to grow slower than the Russian market (8% per year).
High Growth Revenue: MRKU's revenue (3.8% 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 MRKU's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Interregional Distribution Grid Company of Urals performed over the past 5 years?
-1.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MRKU has high quality earnings.
Growing Profit Margin: MRKU's current net profit margins (1.2%) are lower than last year (1.9%).
Past Earnings Growth Analysis
Earnings Trend: MRKU's earnings have declined by 1.2% per year over the past 5 years.
Accelerating Growth: MRKU's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MRKU had negative earnings growth (-51.2%) over the past year, making it difficult to compare to the Electric Utilities industry average (-4.6%).
Return on Equity
High ROE: MRKU's Return on Equity (2.7%) is considered low.
Next Steps
Financial Health
How is Interregional Distribution Grid Company of Urals's financial position?
Financial Position Analysis
Short Term Liabilities: MRKU's short term assets (RUB12.4B) do not cover its short term liabilities (RUB15.8B).
Long Term Liabilities: MRKU's short term assets (RUB12.4B) do not cover its long term liabilities (RUB28.8B).
Debt to Equity History and Analysis
Debt Level: MRKU's debt to equity ratio (42.1%) is considered high.
Reducing Debt: MRKU's debt to equity ratio has increased from 36.7% to 42.1% over the past 5 years.
Debt Coverage: MRKU's debt is well covered by operating cash flow (47%).
Interest Coverage: MRKU's interest payments on its debt are not well covered by EBIT (2.1x coverage).
Balance Sheet
Next Steps
Dividend
What is Interregional Distribution Grid Company of Urals's current dividend yield, its reliability and sustainability?
8.23%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MRKU's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MRKU'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 MRKU's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MRKU's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MRKU is not paying a notable dividend for the Russian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MRKU'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?
2.0yrs
Average management tenure
CEO
Vladimir Bolotin (45 yo)
no data
Tenure
Mr. Vladimir Anatolyevich Bolotin serves as Director General of Interregional Distribution Grid Company of Urals, Joint Stock Company since November 18, 2020 and serves as its Chair of the Executive Board ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| General Director & Chair of the Executive Board | no data | no data | no data | |
| Deputy General Director for Economics & Finance and Member of Management Board | 5.83yrs | no data | no data | |
| Member of Executive Board | no data | no data | 0.00095% RUB 130.4k | |
| Deputy General Director of Corporate Governance & Member of Management Board | no data | no data | no data | |
| Deputy General Director & Member of Management Board | 5.58yrs | no data | no data | |
| Deputy General Director for Development & Sales and Member of Management Board | 1.08yrs | no data | no data | |
| Deputy General Director & Director of Permenergo Branch and Member of Management Board | 1.25yrs | no data | no data | |
| Chief Accountant & Member of Management Board | 2yrs | no data | no data | |
| Head of Legal Department | no data | no data | no data | |
| Company Secretary and Head of Corporate Governance Department & Stockholder Relations Department | no data | no data | no data | |
| Chief expert of division on organizations | no data | no data | no data | |
| Deputy Chief Operating Officer of Exploitation | no data | no data | no data |
2.0yrs
Average Tenure
53yo
Average Age
Experienced Management: MRKU's management team is considered experienced (2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Director | 1yr | no data | no data | |
| Director | 2yrs | no data | no data | |
| Director | no data | no data | no data | |
| Director | no data | no data | no data | |
| Director | 1.67yrs | no data | no data | |
| Chairman of the Board | no data | no data | no data | |
| Independent Director | 3.33yrs | no data | no data | |
| Independent Director | no data | no data | no data | |
| Director | 1yr | no data | no data | |
| Director | 1yr | no data | no data | |
| Director | 1yr | no data | no data |
1.0yrs
Average Tenure
42.5yo
Average Age
Experienced Board: MRKU's board of directors are not considered experienced ( 1 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 Urals, Joint Stock Company's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Interregional Distribution Grid Company of Urals, Joint Stock Company
- Ticker: MRKU
- Exchange: MISX
- Founded: 2005
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: ₽13.727b
- Shares outstanding: 87.43b
- Website: https://www.mrsk-ural.ru
Location
- Interregional Distribution Grid Company of Urals, Joint Stock Company
- 140 Ulitsa Mamina Sibiryaka
- Yekaterinburg
- Sverdlovskaya obl.
- 620026
- Russia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MRKU | MISX (Micex - Rts) | Yes | Usual Shares | RU | RUB | Sep 2008 |
Biography
Interregional Distribution Grid Company of Urals, Joint Stock Company provides electricity transmission, distribution, and sales services in Russia. The company offers networks connection, and power equipm...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/21 18:09 |
| End of Day Share Price | 2021/01/21 00:00 |
| Earnings | 2020/09/30 |
| 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.