Snowflake Score | |
---|---|
Valuation | 3/6 |
Future Growth | 1/6 |
Past Performance | 0/6 |
Financial Health | 6/6 |
Dividends | 3/6 |
MSNG Stock Overview
Public Joint Stock Company Mosenergo engages in the generation of heat and electric power in the Moscow City and Moscow region.
Mosenergo Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | ₽1.77 |
52 Week High | ₽2.62 |
52 Week Low | ₽1.30 |
Beta | 0.67 |
1 Month Change | 9.60% |
3 Month Change | -12.64% |
1 Year Change | -20.00% |
3 Year Change | -22.78% |
5 Year Change | -25.79% |
Change since IPO | -50.50% |
Recent News & Updates
Shareholder Returns
MSNG | RU Electric Utilities | RU Market | |
---|---|---|---|
7D | 2.5% | 2.2% | 1.5% |
1Y | -20.0% | -27.3% | -22.1% |
Return vs Industry: MSNG exceeded the Russian Electric Utilities industry which returned -28.7% over the past year.
Return vs Market: MSNG exceeded the Russian Market which returned -23.6% over the past year.
Price Volatility
MSNG volatility | |
---|---|
MSNG Average Weekly Movement | 13.8% |
Electric Utilities Industry Average Movement | 16.0% |
Market Average Movement | 15.9% |
10% most volatile stocks in RU Market | 22.6% |
10% least volatile stocks in RU Market | 10.0% |
Stable Share Price: MSNG is not significantly more volatile than the rest of Russian stocks over the past 3 months, typically moving +/- 14% a week.
Volatility Over Time: MSNG's weekly volatility has increased from 6% to 14% over the past year, but is still lower than 75% of Russian stocks.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
1886 | 8,483 | Vitaly Yakovlev | https://www.mosenergo.ru |
Public Joint Stock Company Mosenergo engages in the generation of heat and electric power in the Moscow City and Moscow region. It operates in two segments, Electric Energy and Heat Energy. The company owns 15 power plants with an operational capacity of approximately 12,825 megawatts of electricity; and 43, 211 gigacalories/hour of heat capacity.
Mosenergo Fundamentals Summary
MSNG fundamental statistics | |
---|---|
Market Cap | ₽70.99b |
Earnings (TTM) | ₽6.53b |
Revenue (TTM) | ₽222.30b |
10.8x
P/E Ratio0.3x
P/S RatioIs MSNG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
MSNG income statement (TTM) | |
---|---|
Revenue | ₽222.30b |
Cost of Revenue | ₽162.05b |
Gross Profit | ₽60.25b |
Other Expenses | ₽53.72b |
Earnings | ₽6.53b |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Jul 29, 2022
Earnings per share (EPS) | 0.16 |
Gross Margin | 27.10% |
Net Profit Margin | 2.94% |
Debt/Equity Ratio | 2.3% |
How did MSNG perform over the long term?
See historical performance and comparisonDividends
10.1%
Current Dividend Yield109%
Payout RatioValuation
Is Mosenergo undervalued compared to its fair value and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MSNG (RUB1.79) is trading below our estimate of fair value (RUB5.9)
Significantly Below Fair Value: MSNG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MSNG is poor value based on its PE Ratio (10.9x) compared to the Russian Electric Utilities industry average (5.5x).
PE vs Market: MSNG is poor value based on its PE Ratio (10.9x) compared to the Russian market (6.8x).
Price to Earnings Growth Ratio
PEG Ratio: MSNG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: MSNG is good value based on its PB Ratio (0.2x) compared to the RU Electric Utilities industry average (0.6x).
Future Growth
How is Mosenergo forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score
1/6Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-1.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MSNG's earnings are forecast to decline over the next 3 years (-1.6% per year).
Earnings vs Market: MSNG's earnings are forecast to decline over the next 3 years (-1.6% per year).
High Growth Earnings: MSNG's earnings are forecast to decline over the next 3 years.
Revenue vs Market: MSNG's revenue (6% per year) is forecast to grow faster than the Russian market (5.8% per year).
High Growth Revenue: MSNG's revenue (6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MSNG's Return on Equity is forecast to be low in 3 years time (3%).
Past Performance
How has Mosenergo performed over the past 5 years?
Past Performance Score
0/6Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-28.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MSNG has a large one-off loss of RUB12.1B impacting its March 31 2022 financial results.
Growing Profit Margin: MSNG's current net profit margins (2.9%) are lower than last year (5.9%).
Past Earnings Growth Analysis
Earnings Trend: MSNG's earnings have declined by 28% per year over the past 5 years.
Accelerating Growth: MSNG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MSNG had negative earnings growth (-44.6%) over the past year, making it difficult to compare to the Electric Utilities industry average (5.6%).
Return on Equity
High ROE: MSNG's Return on Equity (2%) is considered low.
Financial Health
How is Mosenergo's financial position?
Financial Health Score
6/6Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: MSNG's short term assets (RUB101.3B) exceed its short term liabilities (RUB30.2B).
Long Term Liabilities: MSNG's short term assets (RUB101.3B) exceed its long term liabilities (RUB33.9B).
Debt to Equity History and Analysis
Debt Level: MSNG's net debt to equity ratio (2.2%) is considered satisfactory.
Reducing Debt: MSNG's debt to equity ratio has reduced from 16.6% to 2.3% over the past 5 years.
Debt Coverage: MSNG's debt is well covered by operating cash flow (445.1%).
Interest Coverage: MSNG earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Mosenergo current dividend yield, its reliability and sustainability?
Dividend Score
3/6Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
10.14%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MSNG's dividend (10.05%) is higher than the bottom 25% of dividend payers in the Russian market (3.82%).
High Dividend: MSNG's dividend (10.05%) is low compared to the top 25% of dividend payers in the Russian market (11.17%).
Stability and Growth of Payments
Stable Dividend: MSNG's dividend payments have been volatile in the past 10 years.
Growing Dividend: MSNG's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (109.2%), MSNG's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (77.6%), MSNG's dividend payments are covered by cash flows.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.9yrs
Average management tenure
CEO
Vitaly Yakovlev (49 yo)
14.17yrs
Tenure
Mr. Vitaly Georgievich Yakovlev serves as a General Director at TEK Mosenergo OAO. Mr. Yakovlev has been General Director and a Director of Open Joint Stock Company of Power and Electrification Mosenergo s...
Leadership Team
Experienced Management: MSNG's management team is seasoned and experienced (9.9 years average tenure).
Board Members
Experienced Board: MSNG's board of directors are not considered experienced ( 2.9 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
Public Joint Stock Company Mosenergo's employee growth, exchange listings and data sources
Key Information
- Name: Public Joint Stock Company Mosenergo
- Ticker: MSNG
- Exchange: MISX
- Founded: 1886
- Industry: Electric Utilities
- Sector: Utilities
- Implied Market Cap: ₽70.992b
- Shares outstanding: 39.75b
- Website: https://www.mosenergo.ru
Number of Employees
Location
- Public Joint Stock Company Mosenergo
- Building 101/3
- Prospekt Vernadskogo
- Moscow
- 119526
- Russia
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/05/18 00:00 |
End of Day Share Price | 2022/05/18 00:00 |
Earnings | 2022/03/31 |
Annual Earnings | 2021/12/31 |
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.