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TGKA

Territorial Generating Company No. 1MISX:TGKA Stock Report

Last Price

₽0.0092

Market Cap

₽35.5b

7D

-0.4%

1Y

-18.0%

Updated

25 Jan, 2022

Data

Company Financials +
TGKA fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends5/6

TGKA Stock Overview

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

Territorial Generating Company No. 1 Competitors

Federal Hydro-Generating Company - RusHydro

MISX:HYDR

₽307.9b

Inter RAO UES

MISX:IRAO

₽275.4b

Rosseti

MISX:RSTI

₽193.5b

Federal Grid Company of Unified Energy System

MISX:FEES

₽177.4b

Price History & Performance

Summary of all time highs, changes and price drops for Territorial Generating Company No. 1
Historical stock prices
Current Share Price₽0.0092
52 Week High₽0.013
52 Week Low₽0.0087
Beta0.87
1 Month Change-5.58%
3 Month Change-17.61%
1 Year Change-18.03%
3 Year Change0.88%
5 Year Change-40.47%
Change since IPO-45.56%

Recent News & Updates

Jul 03
Is Territorial Generating Company No. 1 (MCX:TGKA) Using Too Much Debt?

Is Territorial Generating Company No. 1 (MCX:TGKA) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

May 12
A Look At The Intrinsic Value Of Public Joint Stock Company Territorial Generating Company No. 1 (MCX:TGKA)

A Look At The Intrinsic Value Of Public Joint Stock Company Territorial Generating Company No. 1 (MCX:TGKA)

Today we will run through one way of estimating the intrinsic value of Public Joint Stock Company Territorial...

Mar 31
Investors Met With Slowing Returns on Capital At Territorial Generating Company No. 1 (MCX:TGKA)

Investors Met With Slowing Returns on Capital At Territorial Generating Company No. 1 (MCX:TGKA)

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Shareholder Returns

TGKARU Electric UtilitiesRU Market
7D-0.4%-5.4%-5.0%
1Y-18.0%-21.2%7.3%

Return vs Industry: TGKA exceeded the Russian Electric Utilities industry which returned -22.7% over the past year.

Return vs Market: TGKA underperformed the Russian Market which returned 5.7% over the past year.

Price Volatility

Is TGKA's price volatile compared to industry and market?
TGKA volatility
TGKA Average Weekly Movement3.7%
Electric Utilities Industry Average Movement4.2%
Market Average Movement5.1%
10% most volatile stocks in RU Market9.0%
10% least volatile stocks in RU Market3.5%

Stable Share Price: TGKA is less volatile than 75% of Russian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: TGKA's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2005n/an/ahttps://www.tgc1.ru

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 operates 53 electric generating stations in St. Petersburg, the Republic of Karelia, Leningrad Oblast, and Murmansk Oblast.

Territorial Generating Company No. 1 Fundamentals Summary

How do Territorial Generating Company No. 1's earnings and revenue compare to its market cap?
TGKA fundamental statistics
Market Cap₽35.46b
Earnings (TTM)₽8.95b
Revenue (TTM)₽99.00b

4.0x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TGKA income statement (TTM)
Revenue₽99.00b
Cost of Revenue₽57.00b
Gross Profit₽42.00b
Expenses₽33.05b
Earnings₽8.95b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 28, 2022

Earnings per share (EPS)0.0023
Gross Margin42.43%
Net Profit Margin9.04%
Debt/Equity Ratio6.6%

How did TGKA perform over the long term?

See historical performance and comparison

Dividends

11.6%

Current Dividend Yield

46%

Payout Ratio

Valuation

Is Territorial Generating Company No. 1 undervalued compared to its fair value and its price relative to the market?

4.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TGKA (RUB0.01) is trading below our estimate of fair value (RUB0.01)

Significantly Below Fair Value: TGKA is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: TGKA is good value based on its PE Ratio (4x) compared to the Russian Electric Utilities industry average (6.6x).

PE vs Market: TGKA is good value based on its PE Ratio (4x) compared to the Russian market (7.5x).


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 (0.6x).


Future Growth

How is Territorial Generating Company No. 1 forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-11.7%

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 (-11.7% per year).

Earnings vs Market: TGKA's earnings are forecast to decline over the next 3 years (-11.7% per year).

High Growth Earnings: TGKA's earnings are forecast to decline over the next 3 years.

Revenue vs Market: TGKA's revenue (0.6% per year) is forecast to grow slower than the Russian market (3.9% per year).

High Growth Revenue: TGKA's revenue (0.6% 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 (4.3%).


Past Performance

How has Territorial Generating Company No. 1 performed over the past 5 years?

4.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TGKA has high quality earnings.

Growing Profit Margin: TGKA's current net profit margins (9%) are higher than last year (4.7%).


Past Earnings Growth Analysis

Earnings Trend: TGKA's earnings have grown by 4% per year over the past 5 years.

Accelerating Growth: TGKA's earnings growth over the past year (116.1%) exceeds its 5-year average (4% per year).

Earnings vs Industry: TGKA earnings growth over the past year (116.1%) exceeded the Electric Utilities industry 28.2%.


Return on Equity

High ROE: TGKA's Return on Equity (6.3%) is considered low.


Financial Health

How is Territorial Generating Company No. 1's financial position?


Financial Position Analysis

Short Term Liabilities: TGKA's short term assets (RUB23.3B) exceed its short term liabilities (RUB19.1B).

Long Term Liabilities: TGKA's short term assets (RUB23.3B) exceed its long term liabilities (RUB18.2B).


Debt to Equity History and Analysis

Debt Level: TGKA's net debt to equity ratio (4.7%) is considered satisfactory.

Reducing Debt: TGKA's debt to equity ratio has reduced from 22.8% to 6.6% over the past 5 years.

Debt Coverage: TGKA's debt is well covered by operating cash flow (214.1%).

Interest Coverage: TGKA's interest payments on its debt are well covered by EBIT (21.6x coverage).


Balance Sheet


Dividend

What is Territorial Generating Company No. 1 current dividend yield, its reliability and sustainability?

11.63%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TGKA's dividend (11.63%) is higher than the bottom 25% of dividend payers in the Russian market (3.41%).

High Dividend: TGKA's dividend (11.63%) is in the top 25% of dividend payers in the Russian market (9%)


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 reasonably low payout ratio (46.1%), TGKA's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TGKA's dividends in 3 years are forecast to be covered by earnings (85.6% payout ratio).


Next Steps

Management

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

7.2yrs

Average management tenure


CEO

Territorial Generating Company No. 1 has no CEO, or we have no data on them.


Leadership Team

Experienced Management: TGKA's management team is seasoned and experienced (7.2 years average tenure).


Board Members

Experienced Board: TGKA's board of directors are not considered experienced ( 2.6 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 Territorial Generating Company No. 1's 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
  • Implied Market Cap: ₽35.460b
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/25 21:40
End of Day Share Price2022/01/25 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.