Executive Summary
Public Joint Stock Company Territorial Generation Company No.
Snowflake Analysis
Mediocre balance sheet and slightly overvalued.
Similar Companies
Share Price & News
How has Territorial Generation Company No. 14's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TGKN has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-9.4%
TGKN
0.6%
RU Electric Utilities
-0.07%
RU Market
1 Year Return
-5.3%
TGKN
43.8%
RU Electric Utilities
20.0%
RU Market
Return vs Industry: TGKN underperformed the Russian Electric Utilities industry which returned 43.8% over the past year.
Return vs Market: TGKN underperformed the Russian Market which returned 20% over the past year.
Shareholder returns
| TGKN | Industry | Market | |
|---|---|---|---|
| 7 Day | -9.4% | 0.6% | -0.07% |
| 30 Day | 7.6% | 6.4% | -1.4% |
| 90 Day | 6.4% | 26.7% | 4.8% |
| 1 Year | -5.3%-5.3% | 53.0%43.8% | 28.1%20.0% |
| 3 Year | 36.3%36.3% | 36.0%16.8% | 67.3%40.9% |
| 5 Year | 126.6%126.6% | 198.2%139.4% | 136.7%84.6% |
Price Volatility Vs. Market
How volatile is Territorial Generation Company No. 14's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall St
How Much Of Public Joint Stock Company Territorial Generation Company No. 14 (MCX:TGKN) Do Institutions Own?1 year ago | Simply Wall St
How Financially Strong Is Public Joint Stock Company Territorial Generation Company No. 14 (MCX:TGKN)?1 year ago | Simply Wall St
Don't Sell Public Joint Stock Company Territorial Generation Company No 14 (MCX:TGKN) Before You Read ThisValuation
Is Territorial Generation Company No. 14 undervalued compared to its fair value and its price relative to the market?
35.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TGKN (RUB0) is trading below our estimate of fair value (RUB0.01)
Significantly Below Fair Value: TGKN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TGKN is poor value based on its PE Ratio (64.4x) compared to the Electric Utilities industry average (7.9x).
PE vs Market: TGKN is poor value based on its PE Ratio (64.4x) compared to the Russian market (9.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TGKN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TGKN is overvalued based on its PB Ratio (1x) compared to the RU Electric Utilities industry average (0.8x).
Next Steps
Future Growth
How is Territorial Generation Company No. 14 forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
4.6%
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. 14 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
- Take a look at our analysis of TGKN’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Territorial Generation Company No. 14 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. 14 performed over the past 5 years?
-11.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TGKN has a large one-off loss of RUB207.7M impacting its June 30 2019 financial results.
Growing Profit Margin: TGKN's current net profit margins (0.7%) are lower than last year (3.9%).
Past Earnings Growth Analysis
Earnings Trend: TGKN's earnings have declined by -11% per year over the past 5 years.
Accelerating Growth: TGKN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TGKN had negative earnings growth (-80.6%) over the past year, making it difficult to compare to the Electric Utilities industry average (-0.2%).
Return on Equity
High ROE: TGKN's Return on Equity (1.6%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Territorial Generation Company No. 14's financial position?
Financial Position Analysis
Short Term Liabilities: TGKN's short term assets (RUB3.0B) do not cover its short term liabilities (RUB4.0B).
Long Term Liabilities: TGKN's short term assets (RUB3.0B) exceed its long term liabilities (RUB1.5B).
Debt to Equity History and Analysis
Debt Level: TGKN's debt to equity ratio (45.9%) is considered high.
Reducing Debt: TGKN's debt to equity ratio has reduced from 120.8% to 45.9% over the past 5 years.
Debt Coverage: TGKN's debt is well covered by operating cash flow (61.7%).
Interest Coverage: TGKN's interest payments on its debt are not well covered by EBIT (1.9x coverage).
Balance Sheet
Inventory Level: TGKN has a high level of physical assets or inventory.
Debt Coverage by Assets: TGKN's debt is covered by short term assets (assets are 1.1x debt).
Next Steps
Dividend
What is Territorial Generation Company No. 14's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate TGKN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate TGKN'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 TGKN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TGKN'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 TGKN'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?
3.5yrs
Average management tenure
CEO
Aleksey Lizunov 0
2.8yrs
Tenure
Mr. Aleksey Anatolievich Lizunov has been Chief Executive Officer of Public Joint Stock Company Territorial Generation Company No. 14 since September 2017 and serves as its Chairman of the Management Board ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman of the Management Board | 2.8yrs | no data | no data | |
| Deputy General Director of Economics & Finance and Member of the Management Board | 4yrs | no data | no data | |
| First Deputy General Director for Technical Policy | 0yrs | no data | no data | |
| Deputy Chief Executive Officer for Corporate & Legal Regulation and Member of the Management Board | 3.5yrs | no data | no data | |
| Chief Accountant | 0yrs | no data | no data | |
| Head of Public Relations Department | 0yrs | no data | no data | |
| Head of Department of Corporate Affairs | 0yrs | no data | no data | |
| Corporate secretary | 0yrs | no data | no data |
3.5yrs
Average Tenure
Experienced Management: TGKN's management team is considered experienced (3.5 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 Generation Company No. 14's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Public Joint Stock Company Territorial Generation Company No. 14
- Ticker: TGKN
- Exchange: MISX
- Founded: 2004
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: ₽6.124b
- Shares outstanding: 1.36t
- Website: https://www.tgk-14.com
Location
- Public Joint Stock Company Territorial Generation Company No. 14
- ul. Profsoyuznaya, 23
- Chita
- Chitinskaya obl.
- 672000
- Russia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TGKN | MISX (Micex - Rts) | Yes | Usual Shares | RU | RUB | Sep 2008 |
Biography
Public Joint Stock Company Territorial Generation Company No. 14 engages in the generation and supply of electricity and heat to wholesale market. It offers thermal energy and heat to consumers in the Trans-Baikal Territory and the Republic of Buryatia. The company has 7 thermal power stations and 2 energy complexes with an installed electric power capacity of 649.57 MW and thermal capacity of 3,120.77 Gcal/h. Public Joint Stock Company Territorial Generation Company No. 14 was founded in 2004 and is based in Chita, Russia.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/23 21:17 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.