Public Joint-Stock Company Interregional Distribution Grid Company of Volga transmits and distributes electric power in Russia.
Very undervalued with excellent balance sheet and pays a dividend.
Share Price & News
How has Interregional Distribution Grid Company of Volga's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MRKV's share price has been volatile over the past 3 months.
7 Day Return
RU Electric Utilities
1 Year Return
RU Electric Utilities
Return vs Industry: MRKV underperformed the Russian Electric Utilities industry which returned 13.2% over the past year.
Return vs Market: MRKV underperformed the Russian Market which returned 1.7% over the past year.
Price Volatility Vs. Market
How volatile is Interregional Distribution Grid Company of Volga's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall StInvestors Who Bought Interregional Distribution Grid Company of Volga (MCX:MRKV) Shares Five Years Ago Are Now Up 183%
3 weeks ago | Simply Wall StHow Does Interregional Distribution Grid Company of Volga's (MCX:MRKV) P/E Compare To Its Industry, After The Share Price Drop?
Is Interregional Distribution Grid Company of Volga undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MRKV (RUB0.07) is trading below our estimate of fair value (RUB0.23)
Significantly Below Fair Value: MRKV is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MRKV is good value based on its PE Ratio (3.4x) compared to the Electric Utilities industry average (6.4x).
PE vs Market: MRKV is good value based on its PE Ratio (3.4x) compared to the Russian market (7.7x).
Price to Earnings Growth Ratio
PEG Ratio: MRKV is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: MRKV is good value based on its PB Ratio (0.3x) compared to the RU Electric Utilities industry average (0.7x).
How is Interregional Distribution Grid Company of Volga forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MRKV's forecast earnings growth (7% per year) is above the savings rate (6.4%).
Earnings vs Market: MRKV's earnings (7% per year) are forecast to grow faster than the Russian market (6.2% per year).
High Growth Earnings: MRKV's earnings are forecast to grow, but not significantly.
Revenue vs Market: MRKV's revenue (4.2% per year) is forecast to grow slower than the Russian market (4.6% per year).
High Growth Revenue: MRKV's revenue (4.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MRKV's Return on Equity is forecast to be low in 3 years time (10%).
How has Interregional Distribution Grid Company of Volga performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MRKV has high quality earnings.
Growing Profit Margin: MRKV's current net profit margins (6.2%) are lower than last year (9%).
Past Earnings Growth Analysis
Earnings Trend: MRKV's earnings have grown significantly by 30% per year over the past 5 years.
Accelerating Growth: MRKV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MRKV had negative earnings growth (-31.5%) over the past year, making it difficult to compare to the Electric Utilities industry average (9.7%).
Return on Equity
High ROE: MRKV's Return on Equity (10.1%) is considered low.
How is Interregional Distribution Grid Company of Volga's financial position?
Financial Position Analysis
Short Term Liabilities: MRKV's short term assets (RUB9.2B) exceed its short term liabilities (RUB8.8B).
Long Term Liabilities: MRKV's short term assets (RUB9.2B) do not cover its long term liabilities (RUB11.0B).
Debt to Equity History and Analysis
Debt Level: MRKV's debt to equity ratio (10.4%) is considered satisfactory.
Reducing Debt: MRKV's debt to equity ratio has reduced from 49.8% to 10.4% over the past 5 years.
Debt Coverage: MRKV's debt is well covered by operating cash flow (220.8%).
Interest Coverage: MRKV's interest payments on its debt are well covered by EBIT (153.3x coverage).
What is Interregional Distribution Grid Company of Volga's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MRKV's dividend (15.15%) is higher than the bottom 25% of dividend payers in the Russian market (3.71%).
High Dividend: MRKV's dividend (15.15%) is in the top 25% of dividend payers in the Russian market (9.26%)
Stability and Growth of Payments
Stable Dividend: MRKV has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: MRKV's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (26%), MRKV's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MRKV's dividends in 3 years are forecast to be well covered by earnings (44% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Vladimir Ryabikin (54yo)
Mr. Vladimir Anatolyevich Ryabikin serves as the Chairman of the Management Board and General Director at Open Joint-Stock Company Interregional Distribution Grid Company of Volga and has been its Director ...
|Chairman of Management Board||11.33yrs||no data||no data|
|Deputy General Director of Finances & Director||6.83yrs||no data||no data|
|Chief Accountant||no data||no data||no data|
|Deputy General Director||no data||no data||no data|
|Deputy General Director of Safety & Member of Management Board||no data||no data||no data|
|Deputy General Director of Corporate Governance & Member of Management Board||no data||no data||0.00010% RUB13.4k|
|Deputy General Director of Economy & Financing and Member of Management Board||9.08yrs||no data||no data|
|Deputy General Director of Capital Construction & Member of the Management Board||no data||no data||0.00050% RUB67.0k|
|Deputy General Director of Development & Services Realization and Member of Management Board||no data||no data||no data|
|Deputy General Director of Technical Issues||no data||no data||no data|
Experienced Management: MRKV's management team is seasoned and experienced (9.1 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Public Joint-Stock Company Interregional Distribution Grid Company of Volga's company bio, employee growth, exchange listings and data sources
- Name: Public Joint-Stock Company Interregional Distribution Grid Company of Volga
- Ticker: MRKV
- Exchange: MISX
- Founded: 2007
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: ₽13.408b
- Shares outstanding: 188.31b
- Website: https://www.mrsk-volgi.ru
Number of Employees
- Public Joint-Stock Company Interregional Distribution Grid Company of Volga
- 42/44 Pervomayskaya Street
- Saratovskaya obl.
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MRKV||MISX (Micex - Rts)||Yes||Ordinary Shares||RU||RUB||Jun 2008|
Public Joint-Stock Company Interregional Distribution Grid Company of Volga transmits and distributes electric power in Russia. It is also involved in the technological connection of power receivers to power grids. In addition, the company offers hotel accommodation, sanatorium, and resort, as well as medical treatment and prophylactic services; produces and trades in foodstuff; organizes public catering; and engages in trading, trading-purchasing, intermediary, sale, and marketing operations. Further, it maintains working capacity of electric and thermal networks; undertakes design, and civil and knot works of the accounts of electric power, and hot and cold water supply; designs, installs, and adjusts the knots of the accounts of heat, gas, and process equipment; installs and adjusts process equipment, boiler installations, and auxiliaries; installs, adjusts, and aligns instrumentations and units fuel consuming units; organizes and carries out power audit; and engages in the civil repair works, assembly, specialized works on installation of systems of gas supply, and service of objects. Additionally, the company transports passengers by motor transport and cars, as well as cargoes by motor transport; rents motor transport, agricultural and construction machinery, and equipment to individuals and legal entities; and maintains and repairs motor vehicles. It also provides medical, advisory, expert, tourist, informational, organizational, and administrative services; conducts prophylactic, sanitary, and informational works; and offers institution's employee protection services, as well as organizes active rest and cultural leisure for patients, recreation events, physical training, sports, tourist, children's recreational camps, and other mass events. The company was founded in 2007 and is based in Saratov, Russia. Public Joint-Stock Company Interregional Distribution Grid Company of Volga is a subsidiary of Rosseti, Public Joint Stock Company.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/09 22:25|
|End of Day Share Price||2020/04/09 00:00|
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.