Executive Summary
Public Joint-Stock Company Territorial Generation Company No.2 operates as a thermal power company in the Northwestern and Central Federal districts of Russia. More Details
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with mediocre balance sheet.
Similar Companies
Share Price & News
How has Territorial Generation Company No.2's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TGKB is not significantly more volatile than the rest of Russian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: TGKB's weekly volatility has decreased from 15% to 4% over the past year.
Market Performance
7 Day Return
-1.4%
TGKB
0.8%
RU Electric Utilities
-0.4%
RU Market
1 Year Return
63.7%
TGKB
3.4%
RU Electric Utilities
-2.4%
RU Market
Return vs Industry: TGKB exceeded the Russian Electric Utilities industry which returned 3.4% over the past year.
Return vs Market: TGKB exceeded the Russian Market which returned -2.4% over the past year.
Shareholder returns
| TGKB | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.4% | 0.8% | -0.4% |
| 30 Day | 4.1% | 5.7% | 7.6% |
| 90 Day | 3.4% | 11.8% | 21.4% |
| 1 Year | 63.7%63.7% | 7.9%3.4% | 4.1%-2.4% |
| 3 Year | -3.0%-3.0% | 40.2%20.6% | 55.5%28.6% |
| 5 Year | 264.7%264.7% | 203.7%140.5% | 142.0%83.2% |
Long-Term Price Volatility Vs. Market
How volatile is Territorial Generation Company No.2's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 years ago | Simply Wall St
How Financially Strong Is Public Joint-Stock Company Territorial Generation Company No2 (MCX:TGKB)?Valuation
Is Territorial Generation Company No.2 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: TGKB (RUB0) is trading below our estimate of fair value (RUB0.06)
Significantly Below Fair Value: TGKB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TGKB is good value based on its PE Ratio (7x) compared to the RU Electric Utilities industry average (7.9x).
PE vs Market: TGKB is good value based on its PE Ratio (7x) compared to the Russian market (11.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TGKB's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TGKB is good value based on its PB Ratio (0.2x) compared to the RU Electric Utilities industry average (0.7x).
Next Steps
Future Growth
How is Territorial Generation Company No.2 forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
6.6%
Forecasted Utilities industry annual growth in earnings
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 Territorial Generation Company No.2 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 SimplyWall St do have past financial data.
Next Steps
- Examine whether Territorial Generation Company No.2 is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Territorial Generation Company No.2 competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Utilities industry.
Past Performance
How has Territorial Generation Company No.2 performed over the past 5 years?
47.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TGKB has a large one-off gain of RUB469.2M impacting its June 30 2020 financial results.
Growing Profit Margin: TGKB's current net profit margins (1.4%) are lower than last year (2.2%).
Past Earnings Growth Analysis
Earnings Trend: TGKB has become profitable over the past 5 years, growing earnings by 47.9% per year.
Accelerating Growth: TGKB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TGKB had negative earnings growth (-27.4%) over the past year, making it difficult to compare to the Electric Utilities industry average (-4.6%).
Return on Equity
High ROE: TGKB's Return on Equity (3.4%) is considered low.
Next Steps
Financial Health
How is Territorial Generation Company No.2's financial position?
Financial Position Analysis
Short Term Liabilities: TGKB's short term assets (RUB29.5B) do not cover its short term liabilities (RUB29.9B).
Long Term Liabilities: TGKB's short term assets (RUB29.5B) exceed its long term liabilities (RUB15.9B).
Debt to Equity History and Analysis
Debt Level: TGKB's debt to equity ratio (78.4%) is considered high.
Reducing Debt: TGKB's debt to equity ratio has reduced from 126% to 78.4% over the past 5 years.
Debt Coverage: TGKB's debt is well covered by operating cash flow (45.4%).
Interest Coverage: TGKB's interest payments on its debt are not well covered by EBIT (1.4x coverage).
Balance Sheet
Next Steps
Dividend
What is Territorial Generation Company No.2 current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TGKB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TGKB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TGKB's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TGKB's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: TGKB is not paying a notable dividend for the Russian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TGKB's dividend in 3 years as they are not forecast to pay a notable one for the Russian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.5yrs
Average board tenure
CEO
Nadezhda Pinigina
no data
Tenure
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| General Director | no data | no data | no data | |
| Chairman of the Audit Commission and Head for the Administration of Internal Control & Audit | no data | no data | 0.00082% RUB 37.4k | |
| Chief Economist for Accounting & Business Analysis - Accounting & Consolidated Reporting Department | no data | no data | no data | |
| Chief Economist of Financial Work - Financial Controlling Dept & Member of the Audit Commission | no data | no data | no data | |
| Director | 0.58yr | no data | no data | |
| Member of the Audit Commission | no data | no data | no data | |
| Member of the Audit Commission | no data | no data | no data | |
| Deputy Chairman of the Board of Directors | 1yr | no data | no data | |
| Director | no data | no data | no data | |
| Director | 2yrs | no data | no data | |
| Director | 2yrs | no data | no data |
1.5yrs
Average Tenure
Experienced Board: TGKB's board of directors are not considered experienced ( 1.5 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 Generation Company No.2's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Public Joint-Stock Company Territorial Generation Company No.2
- Ticker: TGKB
- Exchange: MISX
- Founded: 2005
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: ₽4.563b
- Shares outstanding: 1.08t
- Website: https://www.tgc-2.ru
Location
- Public Joint-Stock Company Territorial Generation Company No.2
- Pyatnitskaya Street, 6
- Yaroslavl
- Yaroslavskaya obl.
- 150003
- Russia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TGKB | MISX (Micex - Rts) | Yes | Ordinary Shares | RU | RUB | Feb 2007 |
| TGKBP | MISX (Micex - Rts) | Preference Shares | RU | RUB | Jan 2010 |
Biography
Public Joint-Stock Company Territorial Generation Company No.2 operates as a thermal power company in the Northwestern and Central Federal districts of Russia. The company produces and supplies electricity...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/21 18:22 |
| End of Day Share Price | 2021/01/21 00:00 |
| Earnings | 2020/06/30 |
| 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.