MISX:MRSB

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Mordovia Energy Retail Company

Executive Summary

Mordovia Energy Retail Company Public Joint-Stock Company, an energy company, purchases and sells electricity in the wholesale and retail markets in Russia. More Details


Snowflake Analysis

Solid track record and good value.

Share Price & News

How has Mordovia Energy Retail Company's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MRSB is more volatile than 75% of Russian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MRSB'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

-1.6%

MRSB

0.8%

RU Electric Utilities

-0.4%

RU Market


1 Year Return

4.5%

MRSB

3.4%

RU Electric Utilities

-2.4%

RU Market

Return vs Industry: MRSB exceeded the Russian Electric Utilities industry which returned 3.4% over the past year.

Return vs Market: MRSB exceeded the Russian Market which returned -2.4% over the past year.


Shareholder returns

MRSBIndustryMarket
7 Day-1.6%0.8%-0.4%
30 Day4.8%5.7%7.6%
90 Day-15.6%11.8%21.4%
1 Year10.1%4.5%7.9%3.4%4.1%-2.4%
3 Year-17.4%-30.0%40.2%20.6%55.5%28.6%
5 Year148.1%94.1%203.7%140.5%142.0%83.2%

Long-Term Price Volatility Vs. Market

How volatile is Mordovia Energy Retail Company's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Mordovia Energy Retail Company undervalued compared to its fair value and its price relative to the market?

42.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MRSB (RUB0.37) is trading below our estimate of fair value (RUB0.65)

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


Price To Earnings Ratio

PE vs Industry: MRSB is good value based on its PE Ratio (7.2x) compared to the RU Electric Utilities industry average (7.9x).

PE vs Market: MRSB is good value based on its PE Ratio (7.2x) compared to the Russian market (11.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MRSB is overvalued based on its PB Ratio (2.3x) compared to the RU Electric Utilities industry average (0.7x).


Next Steps

Future Growth

How is Mordovia Energy Retail Company forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.6%

Forecasted Utilities industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mordovia Energy Retail Company has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Mordovia Energy Retail Company performed over the past 5 years?

1.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MRSB has high quality earnings.

Growing Profit Margin: MRSB's current net profit margins (1%) are higher than last year (0.9%).


Past Earnings Growth Analysis

Earnings Trend: MRSB's earnings have grown by 1.7% per year over the past 5 years.

Accelerating Growth: MRSB's earnings growth over the past year (25.8%) exceeds its 5-year average (1.7% per year).

Earnings vs Industry: MRSB earnings growth over the past year (25.8%) exceeded the Electric Utilities industry -4.6%.


Return on Equity

High ROE: Whilst MRSB's Return on Equity (31.76%) is high, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Mordovia Energy Retail Company's financial position?


Financial Position Analysis

Short Term Liabilities: MRSB's short term assets (RUB955.3M) do not cover its short term liabilities (RUB1.2B).

Long Term Liabilities: MRSB's short term assets (RUB955.3M) exceed its long term liabilities (RUB2.6M).


Debt to Equity History and Analysis

Debt Level: MRSB's debt to equity ratio (288.3%) is considered high.

Reducing Debt: MRSB's debt to equity ratio has reduced from 792.7% to 288.3% over the past 5 years.

Debt Coverage: MRSB's debt is not well covered by operating cash flow (15.9%).

Interest Coverage: MRSB's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Mordovia Energy Retail Company current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate MRSB'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 MRSB's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MRSB'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

Alexandr Mordvinov

9.58yrs

Tenure

Mr. Alexandr Mikhailovich Mordvinov has been the Director General of Mordovia Energy Retail Company Public Joint-Stock Company since June 24, 2011. Mr. Mordvinov served as First Deputy Director General at ...


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

Mordovia Energy Retail Company Public Joint-Stock Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mordovia Energy Retail Company Public Joint-Stock Company
  • Ticker: MRSB
  • Exchange: MISX
  • Founded: 1964
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: ₽519.185m
  • Shares outstanding: 1.35b
  • Website: https://www.mesk.ru

Number of Employees


Location

  • Mordovia Energy Retail Company Public Joint-Stock Company
  • St. Bolshevik, d.117A
  • Saransk
  • Mordoviya
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MRSBMISX (Micex - Rts)YesCommon SharesRURUBJan 2007

Biography

Mordovia Energy Retail Company Public Joint-Stock Company, an energy company, purchases and sells electricity in the wholesale and retail markets in Russia. It provides various services, including consulti...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 18:03
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.