MISX:MRKU

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Interregional Distribution Grid Company of Urals

Executive Summary

Interregional Distribution Grid Company of Urals, Joint Stock Company provides electricity transmission, distribution, and sales services in Russia. More Details


Snowflake Analysis

Fair value with poor track record.


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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

MRKUIndustryMarket
7 Day0.1%0.8%-0.4%
30 Day5.6%5.7%7.6%
90 Day17.7%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 Year134.0%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

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

NamePositionTenureCompensationOwnership
Vladimir Bolotin
General Director & Chair of the Executive Boardno datano datano data
Valentina Shcherbakova
Deputy General Director for Economics & Finance and Member of Management Board5.83yrsno datano data
Olga Abrosimova
Member of Executive Boardno datano data0.00095%
RUB 130.4k
Alla Petrova
Deputy General Director of Corporate Governance & Member of Management Boardno datano datano data
Aleksandr Krivyakov
Deputy General Director & Member of Management Board5.58yrsno datano data
Dmitry Vyalkov
Deputy General Director for Development & Sales and Member of Management Board1.08yrsno datano data
Eduard Illarionov
Deputy General Director & Director of Permenergo Branch and Member of Management Board1.25yrsno datano data
Natalya Raskina
Chief Accountant & Member of Management Board2yrsno datano data
Aleksey Sanin
Head of Legal Departmentno datano datano data
Sergey Gusak
Company Secretary and Head of Corporate Governance Department & Stockholder Relations Departmentno datano datano data
Irina Filippova
Chief expert of division on organizationsno datano datano data
Viktor Ovchinnikov
Deputy Chief Operating Officer of Exploitationno datano datano data

2.0yrs

Average Tenure

53yo

Average Age

Experienced Management: MRKU's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Vladislav Kapitonov
Director1yrno datano data
Vitaly Anikin
Director2yrsno datano data
Sergey Dregval
Directorno datano datano data
Natalya Ozhe
Directorno datano datano data
Dmitry Bobkov
Director1.67yrsno datano data
Yuri Goncharov
Chairman of the Boardno datano datano data
Aleksandr Shevchuk
Independent Director3.33yrsno datano data
Roman Dmitrik
Independent Directorno datano datano data
Irina Shagina
Director1yrno datano data
Daniil Krainsky
Director1yrno datano data
Egor Prokhorov
Director1yrno datano 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MRKUMISX (Micex - Rts)YesUsual SharesRURUBSep 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 18:09
End of Day Share Price2021/01/21 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.