MISX:MSRS

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Rosseti Moscow Region

Executive Summary

Public Joint-Stock Company "Rosseti Moscow Region", together with its subsidiaries, engages in the transmission of electricity through electrical networks primarily in Moscow, Russia. More Details


Snowflake Analysis

Undervalued with proven track record.


Similar Companies

Share Price & News

How has Rosseti Moscow Region's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MSRS is not significantly more volatile than the rest of Russian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: MSRS's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-4.9%

MSRS

-1.8%

RU Electric Utilities

-3.2%

RU Market


1 Year Return

23.1%

MSRS

3.3%

RU Electric Utilities

-1.7%

RU Market

Return vs Industry: MSRS exceeded the Russian Electric Utilities industry which returned -0.3% over the past year.

Return vs Market: MSRS exceeded the Russian Market which returned -4% over the past year.


Shareholder returns

MSRSIndustryMarket
7 Day-4.9%-1.8%-3.2%
30 Day7.9%1.9%2.5%
90 Day20.6%10.7%20.1%
1 Year25.9%23.1%7.8%3.3%4.8%-1.7%
3 Year99.3%66.7%40.8%21.0%52.3%25.9%
5 Year175.5%90.7%196.9%135.1%134.1%77.2%

Long-Term Price Volatility Vs. Market

How volatile is Rosseti Moscow Region's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Rosseti Moscow Region 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: MSRS (RUB1.44) is trading below our estimate of fair value (RUB7.05)

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


Price To Earnings Ratio

PE vs Industry: MSRS is poor value based on its PE Ratio (8.2x) compared to the RU Electric Utilities industry average (8x).

PE vs Market: MSRS is good value based on its PE Ratio (8.2x) compared to the Russian market (11.9x).


Price to Earnings Growth Ratio

PEG Ratio: MSRS is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: MSRS is good value based on its PB Ratio (0.4x) compared to the RU Electric Utilities industry average (0.7x).


Next Steps

Future Growth

How is Rosseti Moscow Region forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

26.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MSRS's forecast earnings growth (26.9% per year) is above the savings rate (7.7%).

Earnings vs Market: MSRS's earnings (26.9% per year) are forecast to grow faster than the Russian market (25.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MSRS's revenue (6.6% per year) is forecast to grow slower than the Russian market (8% per year).

High Growth Revenue: MSRS's revenue (6.6% 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 MSRS's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Rosseti Moscow Region performed over the past 5 years?

-8.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MSRS has high quality earnings.

Growing Profit Margin: MSRS's current net profit margins (5.3%) are higher than last year (4.6%).


Past Earnings Growth Analysis

Earnings Trend: MSRS's earnings have declined by 8.2% per year over the past 5 years.

Accelerating Growth: MSRS's earnings growth over the past year (14.5%) exceeds its 5-year average (-8.2% per year).

Earnings vs Industry: MSRS earnings growth over the past year (14.5%) exceeded the Electric Utilities industry -0.02%.


Return on Equity

High ROE: MSRS's Return on Equity (4.8%) is considered low.


Next Steps

Financial Health

How is Rosseti Moscow Region's financial position?


Financial Position Analysis

Short Term Liabilities: MSRS's short term assets (RUB30.3B) do not cover its short term liabilities (RUB50.9B).

Long Term Liabilities: MSRS's short term assets (RUB30.3B) do not cover its long term liabilities (RUB125.3B).


Debt to Equity History and Analysis

Debt Level: MSRS's debt to equity ratio (48.1%) is considered high.

Reducing Debt: MSRS's debt to equity ratio has increased from 45.8% to 48.1% over the past 5 years.

Debt Coverage: MSRS's debt is well covered by operating cash flow (42.9%).

Interest Coverage: MSRS's interest payments on its debt are well covered by EBIT (4.2x coverage).


Balance Sheet


Next Steps

Dividend

What is Rosseti Moscow Region current dividend yield, its reliability and sustainability?

3.56%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MSRS's dividend (3.53%) isn’t notable compared to the bottom 25% of dividend payers in the Russian market (3.87%).

High Dividend: MSRS's dividend (3.53%) is low compared to the top 25% of dividend payers in the Russian market (7.73%).


Stability and Growth of Payments

Stable Dividend: MSRS's dividend payments have been volatile in the past 10 years.

Growing Dividend: MSRS's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (14.5%), MSRS's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MSRS's dividends in 3 years are forecast to be well covered by earnings (21% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Peter Sinyutin (58 yo)

7.92yrs

Tenure

Mr. Peter Alekseevich Sinyutin serves as Chairman and Member of Management Board at Open Joint-Stock Company Moscow United Electric Grid Company. Mr. Sinyutin serves as the General Director of Open Joint-S...


Leadership Team

NamePositionTenureCompensationOwnership
Peter Sinyutin
Chairman of the Management Board7.92yrsno datano data
Myasnikov Yuryevich
First Dep. Director General for Financial3yrsno datano data
Aleksey Irzhak
Director of the Northern Electric Grids Branch & Member of Management Boardno datano datano data
Mark Budyko
Deputy Director General of Logistics & Procurement and Member of the Management Boardno datano datano data
Aleksey Starostin
Deputy Director General for Corporate Governance and Property & Member of Management Boardno datano datano data
Alexander Filin
First Dy. Director General of Corporate Protection & Corruption Prevention and Member of Mgmt. Boardno datano datano data
Oleg Ivanov
Deputy General Director for Capital Construction & Member of Management Boardno datano datano data
Andrey Vologin
Director of Moscow Cable Grids Branch & Member of the Management Boardno datano data0.00017%
RUB 119.5k
Chaus Petrovich
Deputy Director General for HR Management and Administration & Member of Management Boardno datano datano data
Petukhov Vasilievich
Deputy Director General of Transmission & Accounting of Electric Power & Member of Management Boardno datano datano data
Gvozdev Borisovich
First Deputy General Director2.17yrsno datano data
Kirill Vladimirovich Lebed
Dty Dir Gen of Technological Connections & Devt of Services and Member of Management Boardno datano datano data

3.0yrs

Average Tenure

Experienced Management: MSRS's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Peter Sinyutin
Chairman of the Management Board7.92yrsno datano data
Anatoly Gavrilenko
Director15.92yrsno datano data
Andrey Mayorov
Director1.58yrsno datano data
Aleksey Nuzhdov
Director10.58yrsno datano data
Pavel Livinskiy
Chairman of the Board3yrsno datano data
Sergey Nikitin
Independent Director7.58yrsno datano data
Evgeniy Logovinsky
Independent Director0.92yrno datano data
Larisa Romanovskaya
Director2.58yrsno datano data
Pavel Grebtsov
Director1.58yrsno datano data
Andrey Kormilitsin
Director1.58yrsno datano data
Alexander Soloviev
Director1.58yrsno datano data
Daniil Krainsky
Director1yrno datano data

2.1yrs

Average Tenure

48yo

Average Age

Experienced Board: MSRS's board of directors are not considered experienced ( 2.1 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

Public Joint-Stock Company "Rosseti Moscow Region"'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Public Joint-Stock Company "Rosseti Moscow Region"
  • Ticker: MSRS
  • Exchange: MISX
  • Founded: NaN
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: ₽70.309b
  • Shares outstanding: 48.71b
  • Website: https://www.rossetimr.ru

Number of Employees


Location

  • Public Joint-Stock Company "Rosseti Moscow Region"
  • 3, Building 2
  • 2 Paveletskiy proezd
  • Moscow
  • 115114
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MSRSMISX (Micex - Rts)YesCommon StockRURUBApr 2006

Biography

Public Joint-Stock Company "Rosseti Moscow Region", together with its subsidiaries, engages in the transmission of electricity through electrical networks primarily in Moscow, Russia. It also installs, rep...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/26 18:00
End of Day Share Price2021/01/26 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.