MISX:TGKB

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Territorial Generation Company No.2

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


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

TGKBIndustryMarket
7 Day-1.4%0.8%-0.4%
30 Day4.1%5.7%7.6%
90 Day3.4%11.8%21.4%
1 Year63.7%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 Year264.7%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

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

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

NamePositionTenureCompensationOwnership
Nadezhda Pinigina
General Directorno datano datano data
Vladimir Kulakov
Chairman of the Audit Commission and Head for the Administration of Internal Control & Auditno datano data0.00082%
RUB 37.4k
Tatyana Mefedova
Chief Economist for Accounting & Business Analysis - Accounting & Consolidated Reporting Departmentno datano datano data
Anna Pervushina
Chief Economist of Financial Work - Financial Controlling Dept & Member of the Audit Commissionno datano datano data
Anatoliy Brenchagov
Director0.58yrno datano data
Elena Koltsova
Member of the Audit Commissionno datano datano data
Valeriy Bilshchuk
Member of the Audit Commissionno datano datano data
Svetlana Kulikova
Deputy Chairman of the Board of Directors1yrno datano data
Ivan Plekhanov
Directorno datano datano data
Aleksandr Shurkin
Director2yrsno datano data
Natalia Scherbakova
Director2yrsno datano 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TGKBMISX (Micex - Rts)YesOrdinary SharesRURUBFeb 2007
TGKBPMISX (Micex - Rts)Preference SharesRURUBJan 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 18:22
End of Day Share Price2021/01/21 00:00
Earnings2020/06/30
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.