Executive Summary
Public Joint Stock Company ‘Territorial Generating Company’ No.1 produces electricity and heat in the North-West region of Russia. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 8.1% per year for the next 3 years
Snowflake Analysis
Excellent balance sheet average dividend payer.
Similar Companies
Share Price & News
How has Territorial Generating Company No. 1's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TGKA is not significantly more volatile than the rest of Russian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: TGKA's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-2.8%
TGKA
0.8%
RU Electric Utilities
-0.4%
RU Market
1 Year Return
-16.3%
TGKA
3.4%
RU Electric Utilities
-2.4%
RU Market
Return vs Industry: TGKA underperformed the Russian Electric Utilities industry which returned 3.4% over the past year.
Return vs Market: TGKA underperformed the Russian Market which returned -2.4% over the past year.
Shareholder returns
| TGKA | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.8% | 0.8% | -0.4% |
| 30 Day | 5.0% | 5.7% | 7.6% |
| 90 Day | 7.9% | 11.8% | 21.4% |
| 1 Year | -9.2%-16.3% | 7.9%3.4% | 4.1%-2.4% |
| 3 Year | 12.2%-7.7% | 40.2%20.6% | 55.5%28.6% |
| 5 Year | 275.8%187.0% | 203.7%140.5% | 142.0%83.2% |
Long-Term Price Volatility Vs. Market
How volatile is Territorial Generating Company No. 1's share price compared to the market and industry in the last 5 years?
Simply Wall St News
Valuation
Is Territorial Generating Company No. 1 undervalued compared to its fair value and its price relative to the market?
10.65x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TGKA (RUB0.01) is trading above our estimate of fair value (RUB0.01)
Significantly Below Fair Value: TGKA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TGKA is poor value based on its PE Ratio (10.7x) compared to the RU Electric Utilities industry average (7.9x).
PE vs Market: TGKA is good value based on its PE Ratio (10.7x) compared to the Russian market (11.2x).
Price to Earnings Growth Ratio
PEG Ratio: TGKA's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: TGKA is good value based on its PB Ratio (0.3x) compared to the RU Electric Utilities industry average (0.7x).
Next Steps
Future Growth
How is Territorial Generating Company No. 1 forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
-8.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TGKA's earnings are forecast to decline over the next 3 years (-8.1% per year).
Earnings vs Market: TGKA's earnings are forecast to decline over the next 3 years (-8.1% per year).
High Growth Earnings: TGKA's earnings are forecast to decline over the next 3 years.
Revenue vs Market: TGKA's revenue (0.09% per year) is forecast to grow slower than the Russian market (8% per year).
High Growth Revenue: TGKA's revenue (0.09% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TGKA's Return on Equity is forecast to be low in 3 years time (3.2%).
Next Steps
Past Performance
How has Territorial Generating Company No. 1 performed over the past 5 years?
7.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TGKA has a large one-off loss of RUB6.6B impacting its September 30 2020 financial results.
Growing Profit Margin: TGKA's current net profit margins (4.7%) are lower than last year (12.7%).
Past Earnings Growth Analysis
Earnings Trend: TGKA's earnings have grown by 7.7% per year over the past 5 years.
Accelerating Growth: TGKA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TGKA had negative earnings growth (-66.9%) over the past year, making it difficult to compare to the Electric Utilities industry average (-4.6%).
Return on Equity
High ROE: TGKA's Return on Equity (2.5%) is considered low.
Next Steps
Financial Health
How is Territorial Generating Company No. 1's financial position?
Financial Position Analysis
Short Term Liabilities: TGKA's short term assets (RUB19.3B) exceed its short term liabilities (RUB15.8B).
Long Term Liabilities: TGKA's short term assets (RUB19.3B) do not cover its long term liabilities (RUB21.8B).
Debt to Equity History and Analysis
Debt Level: TGKA's debt to equity ratio (5.4%) is considered satisfactory.
Reducing Debt: TGKA's debt to equity ratio has reduced from 27.4% to 5.4% over the past 5 years.
Debt Coverage: TGKA's debt is well covered by operating cash flow (270%).
Interest Coverage: TGKA's interest payments on its debt are well covered by EBIT (14.6x coverage).
Balance Sheet
Next Steps
Dividend
What is Territorial Generating Company No. 1 current dividend yield, its reliability and sustainability?
9.08%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TGKA's dividend (9.08%) is higher than the bottom 25% of dividend payers in the Russian market (3.74%).
High Dividend: TGKA's dividend (9.08%) is in the top 25% of dividend payers in the Russian market (7.43%)
Stability and Growth of Payments
Stable Dividend: TGKA's dividend payments have been volatile in the past 10 years.
Growing Dividend: TGKA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (96.5%), TGKA's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TGKA's dividends in 3 years are forecast to be covered by earnings (56% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.1yrs
Average board tenure
CEO
Territorial Generating Company No. 1 has no CEO, or we have no data on them.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of Management Board | no data | no data | no data | |
| MD, Deputy General Director for Capital Construction & Member of Management Board and Director | 1yr | no data | no data | |
| Director | 12.67yrs | no data | no data | |
| Director | 4.58yrs | no data | no data | |
| Director | 12.67yrs | no data | no data | |
| Director | no data | no data | no data | |
| Chairman | no data | no data | no data | |
| Chairman of the Auditing Commission | no data | no data | no data | |
| Director | 1.58yrs | no data | no data | |
| Independent Director | no data | no data | no data | |
| Independent Director | no data | no data | no data | |
| Independent Director | 1.25yrs | no data | no data |
3.1yrs
Average Tenure
48.5yo
Average Age
Experienced Board: TGKA's board of directors are considered experienced (3.1 years average tenure).
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 Territorial Generating Company No. 1's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Public Joint Stock Company Territorial Generating Company No. 1
- Ticker: TGKA
- Exchange: MISX
- Founded: 2005
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: ₽44.834b
- Shares outstanding: 3.85t
- Website: https://www.tgc1.ru
Location
- Public Joint Stock Company Territorial Generating Company No. 1
- 16 Dobroljubova Pr. Corp. 2
- Litera A
- Saint Petersburg
- 197198
- Russia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TGKA | MISX (Micex - Rts) | Yes | Ordinary Shares | RU | RUB | Feb 2007 |
Biography
Public Joint Stock Company ‘Territorial Generating Company’ No.1 produces electricity and heat in the North-West region of Russia. The company generates electricity through hydro and thermal sources. It op...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/21 18:07 |
| End of Day Share Price | 2021/01/21 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.