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TNS energo Rostov-on-Don

MISX:RTSB
Snowflake Description

Questionable track record with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RTSB
MISX
RUB3B
Market Cap
  1. Home
  2. RU
  3. Utilities
Company description

Public Joint-Stock Company TNS energo Rostov-on-Don supplies electricity in the Rostov region, Russia. The last earnings update was 80 days ago. More info.


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RTSB Share Price and Events
7 Day Returns
0%
MISX:RTSB
-2%
RU Electric Utilities
-3.6%
RU Market
1 Year Returns
0%
MISX:RTSB
5.7%
RU Electric Utilities
14.3%
RU Market
RTSB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TNS energo Rostov-on-Don (RTSB) 0% -1.5% -11.1% 0% -5.9% -17.5%
RU Electric Utilities -2% -7.9% 8.8% 5.7% 33.1% 100.3%
RU Market -3.6% -2.4% 5.4% 14.3% 39.4% 98.8%
1 Year Return vs Industry and Market
  • RTSB underperformed the Electric Utilities industry which returned 5.7% over the past year.
  • RTSB underperformed the Market in Russian Federation which returned 14.3% over the past year.
Price Volatility
RTSB
Industry
5yr Volatility vs Market

RTSB Value

 Is TNS energo Rostov-on-Don undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of TNS energo Rostov-on-Don to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for TNS energo Rostov-on-Don.

MISX:RTSB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 16%
Perpetual Growth Rate 10-Year RU Government Bond Rate 8.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for MISX:RTSB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year RU Govt Bond Rate 8.4%
Equity Risk Premium S&P Global 9.4%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.26
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.262 (1 + (1- 20%) (190.35%))
0.772
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.44% + (0.8 * 9.43%)
15.98%

Discounted Cash Flow Calculation for MISX:RTSB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for TNS energo Rostov-on-Don is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

MISX:RTSB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (RUB, Millions) Source Present Value
Discounted (@ 15.98%)
2020 152.92 Est @ -29.88% 131.85
2021 124.81 Est @ -18.38% 92.78
2022 111.91 Est @ -10.34% 71.72
2023 106.64 Est @ -4.7% 58.93
2024 105.83 Est @ -0.76% 50.42
2025 107.95 Est @ 2% 44.34
2026 112.19 Est @ 3.93% 39.73
2027 118.12 Est @ 5.28% 36.07
2028 125.48 Est @ 6.23% 33.04
2029 134.13 Est @ 6.89% 30.45
Present value of next 10 years cash flows RUB589.33
MISX:RTSB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= RUB134.13 × (1 + 8.44%) ÷ (15.98% – 8.44%)
RUB1,928.03
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= RUB1,928.03 ÷ (1 + 15.98%)10
RUB437.66
MISX:RTSB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= RUB589.33 + RUB437.66
RUB1,026.99
Equity Value per Share
(RUB)
= Total value / Shares Outstanding
= RUB1,026.99 / 8,128.76
RUB0.13
MISX:RTSB Discount to Share Price
Calculation Result
Value per share (RUB) From above. RUB0.13
Current discount Discount to share price of RUB0.32
= -1 x (RUB0.32 - RUB0.13) / RUB0.13
-153.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of TNS energo Rostov-on-Don is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for TNS energo Rostov-on-Don's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TNS energo Rostov-on-Don's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MISX:RTSB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in RUB RUB0.01
MISX:RTSB Share Price ** MISX (2019-07-19) in RUB RUB0.32
Russian Federation Electric Utilities Industry PE Ratio Median Figure of 38 Publicly-Listed Electric Utilities Companies 6.33x
Russian Federation Market PE Ratio Median Figure of 137 Publicly-Listed Companies 7.19x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of TNS energo Rostov-on-Don.

MISX:RTSB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= MISX:RTSB Share Price ÷ EPS (both in RUB)

= 0.32 ÷ 0.01

31.3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TNS energo Rostov-on-Don is overvalued based on earnings compared to the RU Electric Utilities industry average.
  • TNS energo Rostov-on-Don is overvalued based on earnings compared to the Russian Federation market.
Price based on expected Growth
Does TNS energo Rostov-on-Don's expected growth come at a high price?
Raw Data
MISX:RTSB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 31.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Russian Federation Electric Utilities Industry PEG Ratio Median Figure of 9 Publicly-Listed Electric Utilities Companies 0.42x
Russian Federation Market PEG Ratio Median Figure of 33 Publicly-Listed Companies 0.63x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for TNS energo Rostov-on-Don, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on TNS energo Rostov-on-Don's assets?
Raw Data
MISX:RTSB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in RUB RUB-0.20
MISX:RTSB Share Price * MISX (2019-07-19) in RUB RUB0.32
Russian Federation Electric Utilities Industry PB Ratio Median Figure of 39 Publicly-Listed Electric Utilities Companies 0.65x
Russian Federation Market PB Ratio Median Figure of 154 Publicly-Listed Companies 0.81x
MISX:RTSB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= MISX:RTSB Share Price ÷ Book Value per Share (both in RUB)

= 0.32 ÷ -0.20

-1.6x

* Primary Listing of TNS energo Rostov-on-Don.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TNS energo Rostov-on-Don has negative assets, we can't compare the value of its assets to the RU Electric Utilities industry average.
X
Value checks
We assess TNS energo Rostov-on-Don's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electric Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electric Utilities industry average (and greater than 0)? (1 check)
  5. TNS energo Rostov-on-Don has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

RTSB Future Performance

 How is TNS energo Rostov-on-Don expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 TNS energo Rostov-on-Don 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.2%
Expected Electric Utilities industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TNS energo Rostov-on-Don expected to grow at an attractive rate?
  • Unable to compare TNS energo Rostov-on-Don's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare TNS energo Rostov-on-Don's earnings growth to the Russian Federation market average as no estimate data is available.
  • Unable to compare TNS energo Rostov-on-Don's revenue growth to the Russian Federation market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
MISX:RTSB Future Growth Rates Data Sources
Data Point Source Value (per year)
Russian Federation Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 8.2%
Russian Federation Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 2.8%
Russian Federation Market Earnings Growth Rate Market Cap Weighted Average 3%
Russian Federation Market Revenue Growth Rate Market Cap Weighted Average 4.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
MISX:RTSB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in RUB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MISX:RTSB Past Financials Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income *
2018-12-31 50,099 294 93
2018-09-30 51,400 448
2018-06-30 50,639 798 868
2018-03-31 49,488 149
2017-12-31 47,749 26 119
2017-09-30 47,001 91
2017-06-30 45,972 -416
2017-03-31 45,707 150
2016-12-31 45,149 502 -150
2016-09-30 44,220 180
2016-06-30 43,383 102
2016-03-31 42,845 200

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if TNS energo Rostov-on-Don is high growth as no earnings estimate data is available.
  • Unable to determine if TNS energo Rostov-on-Don is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
MISX:RTSB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from TNS energo Rostov-on-Don Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:RTSB Past Financials Data
Date (Data in RUB Millions) EPS *
2018-12-31 0.01
2018-09-30 0.06
2018-06-30 0.09
2018-03-31
2017-12-31 0.01
2017-09-30
2017-06-30 -0.05
2017-03-31 0.02
2016-12-31 -0.02
2016-09-30 0.02
2016-06-30
2016-03-31 0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if TNS energo Rostov-on-Don will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. TNS energo Rostov-on-Don's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Utilities companies here
  2. TNS energo Rostov-on-Don's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess TNS energo Rostov-on-Don's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Russian Federation market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Russian Federation market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
TNS energo Rostov-on-Don has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

RTSB Past Performance

  How has TNS energo Rostov-on-Don performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare TNS energo Rostov-on-Don's growth in the last year to its industry (Electric Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • TNS energo Rostov-on-Don's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • TNS energo Rostov-on-Don's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • TNS energo Rostov-on-Don's 1-year earnings growth is negative, it can't be compared to the RU Electric Utilities industry average.
Earnings and Revenue History
TNS energo Rostov-on-Don's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from TNS energo Rostov-on-Don Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:RTSB Past Revenue, Cash Flow and Net Income Data
Date (Data in RUB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 50,098.74 92.52 1,016.06
2018-09-30 51,400.40 448.48 -14,784.78
2018-06-30 50,639.15 867.53 488.65
2018-03-31 49,487.70 149.30 481.66
2017-12-31 47,749.37 119.12 254.62
2017-09-30 47,000.53 91.13 21,467.04
2017-06-30 45,972.31 -416.18 -9,361.55
2017-03-31 45,706.63 150.12 20,942.76
2016-12-31 45,148.69 -149.94 212.80
2016-09-30 44,220.00 180.35 20,028.26
2016-06-30 43,382.84 101.89 28,522.75
2016-03-31 42,845.11 200.42 19,474.33
2015-12-31 41,801.99 200.03 18,890.50
2015-09-30 41,043.97 163.20 18,339.57
2015-06-30 40,196.33 13.73 17,509.69
2015-03-31 39,580.60 122.19 17,441.85
2014-12-31 39,094.03 203.11 17,509.69
2014-09-30 33,365.44 -179.78 21,659.24
2014-06-30 32,861.78 43.60 12,785.69
2014-03-31 33,695.01 201.82 15,013.68
2013-12-31 28,119.84 162.65 12,785.69
2013-09-30 27,735.46 528.99 4,408.35
2013-06-30 23,339.17 506.46 586.73
2013-03-31 17,836.25 132.83 548.89
2012-12-31 17,884.86 201.90 910.67
2012-09-30 17,575.95 170.13 685.87

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if TNS energo Rostov-on-Don has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • TNS energo Rostov-on-Don used its assets more efficiently than the RU Electric Utilities industry average last year based on Return on Assets.
  • It is difficult to establish if TNS energo Rostov-on-Don improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess TNS energo Rostov-on-Don's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electric Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
TNS energo Rostov-on-Don has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

RTSB Health

 How is TNS energo Rostov-on-Don's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up TNS energo Rostov-on-Don's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TNS energo Rostov-on-Don's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • TNS energo Rostov-on-Don has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TNS energo Rostov-on-Don's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • TNS energo Rostov-on-Don has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from TNS energo Rostov-on-Don Company Filings, last reported 6 months ago.

MISX:RTSB Past Debt and Equity Data
Date (Data in RUB Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -1,625.82 4,951.50 230.85
2018-09-30 -1,625.82 4,951.50 230.85
2018-06-30 -652.64 5,115.58 163.27
2018-03-31 958.30 5,194.53 255.03
2017-12-31 -826.15 5,201.32 380.97
2017-09-30 1,004.83 5,194.65 241.54
2017-06-30 1,004.86 4,501.43 208.83
2017-03-31 1,005.10 4,499.95 217.67
2016-12-31 -436.27 5,202.67 330.80
2016-09-30 890.25 5,273.32 81.52
2016-06-30 865.25 5,061.78 261.71
2016-03-31 1,433.77 5,251.69 190.74
2015-12-31 1,378.99 4,895.79 182.07
2015-09-30 1,286.36 5,048.32 301.62
2015-06-30 679.18 4,954.92 427.34
2015-03-31 1,229.33 4,268.32 304.02
2014-12-31 1,174.94 4,055.02 347.40
2014-09-30 1,122.37 5,421.22 514.27
2014-06-30 362.86 5,132.83 118.16
2014-03-31 1,186.84 5,625.20 381.56
2013-12-31 1,052.51 5,123.43 435.46
2013-09-30 1,011.11 5,327.82 481.01
2013-06-30 858.21 2,558.20 364.15
2013-03-31 972.34 2,549.50 237.72
2012-12-31 876.20 1,785.15 262.37
2012-09-30 843.39 2,296.74 231.17
  • TNS energo Rostov-on-Don has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if TNS energo Rostov-on-Don's debt level has increased considering it has negative shareholder equity.
  • Debt is not well covered by operating cash flow (5.9%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.4x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess TNS energo Rostov-on-Don's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. TNS energo Rostov-on-Don has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

RTSB Dividends

 What is TNS energo Rostov-on-Don's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.86%
Current annual income from TNS energo Rostov-on-Don dividends.
If you bought RUB2,000 of TNS energo Rostov-on-Don shares you are expected to receive RUB157 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • TNS energo Rostov-on-Don's pays a higher dividend yield than the bottom 25% of dividend payers in Russian Federation (3.05%).
  • TNS energo Rostov-on-Don's dividend is below the markets top 25% of dividend payers in Russian Federation (8.56%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
MISX:RTSB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Russian Federation Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 5.8%
Russian Federation Market Average Dividend Yield Market Cap Weighted Average of 72 Stocks 7.3%
Russian Federation Minimum Threshold Dividend Yield 10th Percentile 1.9%
Russian Federation Bottom 25% Dividend Yield 25th Percentile 3%
Russian Federation Top 25% Dividend Yield 75th Percentile 8.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

MISX:RTSB Past Annualized Dividends Data
Date (Data in RUB) Dividend per share (annual) Avg. Yield (%)
2018-04-28 0.025 7.348
2018-03-30 0.025 7.476
2016-11-15 0.066 21.419
2016-06-10 0.066 20.850
2015-05-18 0.024 7.018
2014-08-15 0.024 7.538
2013-08-15 0.050 16.295
2013-05-16 0.021 6.009
2012-11-13 0.039 10.956
2012-08-01 0.039 10.494
2012-05-11 0.039 10.860
2011-07-06 0.062 17.132

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TNS energo Rostov-on-Don has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • TNS energo Rostov-on-Don has only been paying a dividend for 8 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of TNS energo Rostov-on-Don's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess TNS energo Rostov-on-Don's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can TNS energo Rostov-on-Don afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TNS energo Rostov-on-Don has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

RTSB Management

 What is the CEO of TNS energo Rostov-on-Don's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • TNS energo Rostov-on-Don has no CEO, or we have no data on them.
Management Team

Sergey Afanasyev

TITLE
Chairman of the Board of Directors and Managing Director

Irina Zarubenko

TITLE
Chief Accountant

D. Zhukova

TITLE
Managing Director
TENURE
4.1 yrs

Ivan Kostenko

TITLE
Chief Specialist of Information Services and Public Relations
Board of Directors

Sergey Afanasyev

TITLE
Chairman of the Board of Directors and Managing Director

Sofia Afanasyeva

TITLE
Director

Yelena Yefimova

TITLE
Director

Boris Shchurov

TITLE
Director
AGE
45

Elena Evseenkova

TITLE
Director
AGE
39

Daria Zhukova

TITLE
Director

Andrey Shishkin

TITLE
Member of Audit Commission
AGE
47

Anna Sokolova

TITLE
Member of Audit Commission
AGE
43
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (RUB) Value (RUB)
X
Management checks
We assess TNS energo Rostov-on-Don's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. TNS energo Rostov-on-Don has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

RTSB News

Simply Wall St News

Public Joint-Stock Company TNS energo Rostov-on-Don (MCX:RTSB)'s Return on Capital

Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Therefore, looking at how efficiently TNS energo Rostov-on-Don is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE).

Simply Wall St -

Is Public Joint-Stock Company TNS energo Rostov-on-Don (MCX:RTSB) Attractive At This PE Ratio?

Public Joint-Stock Company TNS energo Rostov-on-Don (MCX:RTSB) is currently trading at a trailing P/E of 24.3x, which is higher than the industry average of 5.9x. … While this makes RTSB appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio. … View our latest analysis for TNS energo Rostov-on-Don

Simply Wall St -

What You Must Know About Public Joint-Stock Company TNS energo Rostov-on-Don's (MCX:RTSB) ROE

and looking to gauge the potential return on investment in Public Joint-Stock Company TNS energo Rostov-on-Don (MCX:RTSB). … Public Joint-Stock Company TNS energo Rostov-on-Don (MCX:RTSB) outperformed the electric utilities industry on the basis of its ROE – producing a higher 15.58% relative to the peer average of 10.14% over the past 12 months. … Sustainability can be gauged by a company’s financial leverage – the more debt it has, the higher ROE is pumped up in the short term, at the expense of long term interest payment burden

Simply Wall St -

What Should Investors Know About Public Joint-Stock Company TNS energo Rostov-on-Don's (MCX:RTSB) Return On Capital?

View our latest analysis for TNS energo Rostov-on-Don Calculating Return On Capital Employed for RTSB When you choose to invest in a company, there is an opportunity cost because that money could’ve been invested elsewhere. … To determine TNS energo Rostov-on-Don's capital return we will use ROCE, which tells us how much the company makes from the capital employed in their operations (for things like machinery, wages etc). … Take a look at the formula box beneath: ROCE Calculation for RTSB Return on Capital Employed (ROCE) = Earnings Before Tax (EBT) ÷ (Capital Employed) Capital Employed = (Total Assets - Current Liabilities) ∴ ROCE = RUРУБ221.79M ÷ (RUРУБ10.40B - RUРУБ9.33B) = 20.59% The calculation above shows that RTSB’s earnings were 20.59% of capital employed.

Simply Wall St -

Breaking Down Public Joint-Stock Company TNS energo Rostov-on-Don's (MCX:RTSB) Ownership Structure

In this article, I'm going to take a look at Public Joint-Stock Company TNS energo Rostov-on-Don’s (MISX:RTSB) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … See our latest analysis for TNS energo Rostov-on-Don MISX:RTSB Ownership_summary Apr 11th 18 General Public Ownership The general public, with 2.82% stake, is a relatively minor group of shareholders in RTSB. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: A large shareholding of RTSB by the general public could mean higher market liquidity to buy and sell shares for retail investors, and also the potential to have more influence over company policies as a collective.

Simply Wall St -

What Investors Should Know About Public Joint-Stock Company TNS energo Rostov-on-Don's (MCX:RTSB) Financial Strength

RTSB's debt levels surged from RUРУБ4.90B to RUРУБ5.20B over the last 12 months – this includes both the current and long-term debt. … Moreover, RTSB has generated RUРУБ629.36M in operating cash flow during the same period of time, resulting in an operating cash to total debt ratio of 12.10%, indicating that RTSB’s debt is not appropriately covered by operating cash. … Next Steps: RTSB’s debt and cash flow levels indicate room for improvement.

Simply Wall St -

Was Public Joint-Stock Company TNS energo Rostov-on-Don's (MCX:RTSB) Earnings Decline Part Of A Broader Industry Downturn?

Today I will take a look at Public Joint-Stock Company TNS energo Rostov-on-Don's (MISX:RTSB) most recent earnings update (30 September 2017) and compare these latest figures against its performance over the past few years, as well as how the rest of the electric utilities industry performed. … For TNS energo Rostov-on-Don, its most recent trailing-twelve-month earnings is RUРУБ91.13M, which, against the prior year's figure, has plunged by a substantial -49.47%. … Typically companies that experience an extended period of diminishing earnings are undergoing some sort of reinvestment phase Though if the entire industry is struggling to grow over time, it may be a indicator of a structural change, which makes TNS energo Rostov-on-Don and its peers a riskier investment.

Simply Wall St -

Should You Be Tempted To Sell Public Joint-Stock Company TNS energo Rostov-on-Don (MCX:RTSB) At Its Current PE Ratio?

By comparing a stock’s price per share to its earnings per share, we are able to see how much investors are paying for each dollar of the company’s earnings. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for RTSB Price per share = RUB0.4 Earnings per share = RUB0.018 ∴ Price-Earnings Ratio = RUB0.4 ÷ RUB0.018 = 21.4x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … For example, if you are inadvertently comparing riskier firms with RTSB, then RTSB’s P/E would naturally be higher than its peers since investors would reward its lower risk with a higher price.

Simply Wall St -

Is Public Joint-Stock Company TNS energo Rostov-on-Don's (MCX:RTSB) ROE Of 11.34% Sustainable?

Check out our latest analysis for TNS energo Rostov-on-Don What you must know about ROE Return on Equity (ROE) weighs TNS energo Rostov-on-Don’s profit against the level of its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of TNS energo Rostov-on-Don’s equity capital deployed. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity MISX:RTSB Last Perf Mar 12th 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.

Simply Wall St -

RTSB Company Info

Description

Public Joint-Stock Company TNS energo Rostov-on-Don supplies electricity in the Rostov region, Russia. It serves approximately 1.5 million customers, which include approximately 1.46 million accounts of individuals and approximately 58 thousand accounts of enterprises and organizations. The company was formerly known as OJSC Energosbyt Rostovenergo and changed its name to Public Joint-Stock Company TNS energo Rostov-on-Don in July 2015. Public Joint-Stock Company TNS energo Rostov-on-Don was founded in 2005 and is based in Rostov-on-Don, Russia. Public Joint-Stock Company TNS energo Rostov-on-Don is a subsidiary of Public Joint Stock Company Group of Companies TNS energo.

Details
Name: Public Joint-Stock Company TNS energo Rostov-on-Don
RTSB
Exchange: MISX
Founded: 2005
RUB2,601,204,696
8,128,764,676
Website: http://www.rostov.tns-e.ru
Address: Public Joint-Stock Company TNS energo Rostov-on-Don
Zhuravleva, 47,
Rostov-on-Don,
Rostovskaya obl., 344022,
Russia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
MISX RTSB Usual Shares Micex - Rts RU RUB 06. Feb 2007
MISX RTSBP RUB0.02 PRF(USD) Micex - Rts RU RUB 26. Feb 2007
Number of employees
Current staff
Staff numbers
0
TNS energo Rostov-on-Don employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 21:22
End of day share price update: 2019/07/19 00:00
Last earnings filing: 2019/04/30
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.