MISX:TGKN

Stock Analysis Report

Territorial Generation Company No. 14

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

TGKNIndustryMarket
7 Day-9.4%0.6%-0.07%
30 Day7.6%6.4%-1.4%
90 Day6.4%26.7%4.8%
1 Year-5.3%-5.3%53.0%43.8%28.1%20.0%
3 Year36.3%36.3%36.0%16.8%67.3%40.9%
5 Year126.6%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

Valuation

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

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

companyn/amarketbottom25%3.0%markettop25%7.2%industryaverage4.6%forecastin3Yearsn/a

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

0

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

NamePositionTenureCompensationOwnership
Aleksey Lizunov
CEO & Chairman of the Management Board2.8yrsno datano data
Ablyazov Nikolayevich
Deputy General Director of Economics & Finance and Member of the Management Board4yrsno datano data
Dorfman Valentinovich
First Deputy General Director for Technical Policy0yrsno datano data
Alexey Kakaulin
Deputy Chief Executive Officer for Corporate & Legal Regulation and Member of the Management Board3.5yrsno datano data
M. Yakovlev
Chief Accountant0yrsno datano data
Gorkovenko Sergeevna
Head of Public Relations Department0yrsno datano data
Hodakov Nickolayevich
Head of Department of Corporate Affairs0yrsno datano data
Sibiryanskaya Alexandrovna
Corporate secretary0yrsno datano 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TGKNMISX (Micex - Rts)YesUsual SharesRURUBSep 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 21:17
End of Day Share Price2020/02/21 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.