MISX:TGKD

Stock Analysis Report

Quadra - Power Generation

Executive Summary

Public Joint Stock Company Quadra - Power Generation, together with its subsidiaries, generates, distributes, and sells electricity and thermal energy in Russia.

Rewards

Trading at 95.5% below its fair value

Risk Analysis

Currently unprofitable and not forecast to become profitable over the next 3 years

Does not have a meaningful market cap (RUB6B)



Snowflake Analysis

Fair value with imperfect balance sheet.


Similar Companies

Share Price & News

How has Quadra - Power Generation's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TGKD has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.7%

TGKD

3.2%

RU Electric Utilities

1.7%

RU Market


1 Year Return

-1.5%

TGKD

23.3%

RU Electric Utilities

22.6%

RU Market

Return vs Industry: TGKD underperformed the Russian Electric Utilities industry which returned 23.3% over the past year.

Return vs Market: TGKD underperformed the Russian Market which returned 22.6% over the past year.


Shareholder returns

TGKDIndustryMarket
7 Day0.7%3.2%1.7%
30 Day-3.6%1.6%-1.1%
90 Day-10.9%1.0%4.7%
1 Year-1.5%-1.5%30.1%23.3%31.5%22.6%
3 Year-19.8%-19.8%6.1%-7.5%52.5%28.9%
5 Year-12.5%-12.5%216.4%154.2%177.2%116.8%

Price Volatility Vs. Market

How volatile is Quadra - Power Generation's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Quadra - Power Generation 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: TGKD (RUB0) is trading below our estimate of fair value (RUB0.06)

Significantly Below Fair Value: TGKD is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TGKD is unprofitable, so we can't compare its PE Ratio to the Electric Utilities industry average.

PE vs Market: TGKD is unprofitable, so we can't compare its PE Ratio to the Russian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TGKD's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TGKD is good value based on its PB Ratio (0.2x) compared to the RU Electric Utilities industry average (0.6x).


Next Steps

Future Growth

How is Quadra - Power Generation forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

5.6%

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 Quadra - Power Generation 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 Quadra - Power Generation performed over the past 5 years?

23.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TGKD is currently unprofitable.

Growing Profit Margin: TGKD is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TGKD is unprofitable, but has reduced losses over the past 5 years at a rate of 23.2% per year.

Accelerating Growth: Unable to compare TGKD's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TGKD is unprofitable, making it difficult to compare its past year earnings growth to the Electric Utilities industry (-6.4%).


Return on Equity

High ROE: TGKD has a negative Return on Equity (-9.25%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Quadra - Power Generation's financial position?


Financial Position Analysis

Short Term Liabilities: TGKD's short term assets (RUB8.6B) do not cover its short term liabilities (RUB21.5B).

Long Term Liabilities: TGKD's short term assets (RUB8.6B) do not cover its long term liabilities (RUB21.1B).


Debt to Equity History and Analysis

Debt Level: TGKD's debt to equity ratio (89%) is considered high.

Reducing Debt: TGKD's debt to equity ratio has increased from 87.3% to 89% over the past 5 years.


Balance Sheet

Inventory Level: TGKD has a high level of physical assets or inventory.

Debt Coverage by Assets: TGKD's debt is not covered by short term assets (assets are 0.3x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable TGKD has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: TGKD is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 73.1% per year.


Next Steps

Dividend

What is Quadra - Power Generation's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%3.5%markettop25%8.7%industryaverage5.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate TGKD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate TGKD's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TGKD's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TGKD's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TGKD's dividend in 3 years as they are not forecast to pay a notable one for the Russian market.


Next Steps

Management

What is the CEO of Quadra - Power Generation's salary, the management and board of directors tenure and is there insider trading?

2.4yrs

Average management tenure


CEO

Semyon Sazonov (43yo)

2.4yrs

Tenure

0

Mr. Semyon Victorovich Sazonov has been General Director, Chief Executive Officer and Member of the Management Board at Open Joint Stock Company Quadra - Power Generation since July 11, 2017 and served as  ...


Management Age and Tenure

2.4yrs

Average Tenure

51yo

Average Age

Experienced Management: TGKD's management team is considered experienced (2.4 years average tenure).


Board Age and Tenure

2.1yrs

Average Tenure

43.5yo

Average Age

Experienced Board: TGKD's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Insider Trading

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.


Management Team

  • Yulia Basova (55yo)

    President

    • Tenure: 9yrs
  • Nikolay Morozov (52yo)

    First Deputy General Director & Member of Management Board

    • Tenure: 0yrs
  • Igor Lesnykh (51yo)

    Deputy General Director

    • Tenure: 0.5yrs
  • Vadim Logofet

    First Deputy Director General & Member of the Management Board

    • Tenure: 0yrs
  • Alexander Nikiforov (55yo)

    Deputy General Director for Security & Member of Management Board

    • Tenure: 0yrs
  • Semyon Sazonov (43yo)

    Chairperson of the Management Board

    • Tenure: 2.4yrs
  • Evgeniy Zhadovets (51yo)

    Deputy General Director

    • Tenure: 2.3yrs
  • Ksenia Zelentsova (39yo)

    Director

    • Tenure: 0yrs
  • Evgeny Zhadovets

    Deputy General Director

    • Tenure: 0yrs
  • Vladimir Lebedev

    Deputy General Director for Economy & Member of Management Board

    • Tenure: 0yrs

Board Members

  • Sergey Podsypanin (49yo)

    Director

    • Tenure: 11.9yrs
  • Michael Sosnovsky (44yo)

    Chairman of the Board

    • Tenure: 3.3yrs
  • Andrey Kononov (45yo)

    Director

    • Tenure: 0yrs
  • Sergey Tazin (58yo)

    Director

    • Tenure: 3.8yrs
  • Alexander Zubkov (37yo)

    Deputy Chairman of the Board of Directors

    • Tenure: 0.9yrs
  • Oximets Muller-Holthusen (41yo)

    Chairperson of the Internal Audit Commission

    • Tenure: 0yrs
  • Semyon Sazonov (43yo)

    Chairperson of the Management Board

    • Tenure: 2.4yrs
  • Ksenia Zelentsova (39yo)

    Director

    • Tenure: 0yrs
  • Olga Serdtseva

    Chief of the Risk assessment Administration & Member of Internal Audit Commission

    • Tenure: 0.5yrs
  • Mikhail Olefir

    Chief of Internal audit Department & Member of Internal Audit Commission

    • Tenure: 0.5yrs

Company Information

Public Joint Stock Company Quadra - Power Generation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Public Joint Stock Company Quadra - Power Generation
  • Ticker: TGKD
  • Exchange: MISX
  • Founded: 2005
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: ₽5.885b
  • Shares outstanding: 1.99t
  • Website: https://www.quadra.ru

Number of Employees


Location

  • Public Joint Stock Company Quadra - Power Generation
  • 99' Timiryazeva Street
  • Tula
  • Tulskaya obl.
  • 300012
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TGKDMISX (Micex - Rts)YesOrdinary SharesRURUBJan 2007
TGKDPMISX (Micex - Rts)Preferred SharesRURUBJan 2007

Biography

Public Joint Stock Company Quadra - Power Generation, together with its subsidiaries, generates, distributes, and sells electricity and thermal energy in Russia. It is also involved in the transportation o ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/11 21:22
End of Day Share Price2019/12/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.