MISX:TGKA

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Territorial Generating Company No. 1

Executive Summary

Public Joint Stock Company ‘Territorial Generating Company’ No.1 produces electricity and heat in the North-West region of Russia. More Details


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

TGKAIndustryMarket
7 Day-2.8%0.8%-0.4%
30 Day5.0%5.7%7.6%
90 Day7.9%11.8%21.4%
1 Year-9.2%-16.3%7.9%3.4%4.1%-2.4%
3 Year12.2%-7.7%40.2%20.6%55.5%28.6%
5 Year275.8%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

NamePositionTenureCompensationOwnership
Alexey Barvinok
Chairman of Management Boardno datano datano data
Vadim Vederchik
MD, Deputy General Director for Capital Construction & Member of Management Board and Director1yrno datano data
Kirill Seleznev
Director12.67yrsno datano data
Alexander Chuvaev
Director4.58yrsno datano data
Denis Fedorov
Director12.67yrsno datano data
Pavel Shatskiy
Directorno datano datano data
Vitaly Markelov
Chairmanno datano datano data
Marat Salekhov
Chairman of the Auditing Commissionno datano datano data
Irina Korobkina
Director1.58yrsno datano data
Parviz Abdushukurov
Independent Directorno datano datano data
Andrey Khorev
Independent Directorno datano datano data
Mario Mazidowski
Independent Director1.25yrsno datano 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TGKAMISX (Micex - Rts)YesOrdinary SharesRURUBFeb 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 18:07
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.