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Territorial Generation Company No. 14

MISX:TGKN
Snowflake Description

Mediocre balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TGKN
MISX
RUB6B
Market Cap
  1. Home
  2. RU
  3. Utilities
Company description

Public Joint Stock Company Territorial Generation Company No. The last earnings update was 53 days ago. More info.


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TGKN Share Price and Events
7 Day Returns
0.6%
MISX:TGKN
3.5%
RU Electric Utilities
1.9%
RU Market
1 Year Returns
-14.9%
MISX:TGKN
0.8%
RU Electric Utilities
8.5%
RU Market
TGKN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Territorial Generation Company No. 14 (TGKN) 0.6% -0.6% -0.2% -14.9% 254.5% 197.8%
RU Electric Utilities 3.5% 5.8% 9.7% 0.8% 39.6% 83.4%
RU Market 1.9% 2.6% 1.5% 8.5% 34.3% 89.2%
1 Year Return vs Industry and Market
  • TGKN underperformed the Electric Utilities industry which returned 0.8% over the past year.
  • TGKN underperformed the Market in Russian Federation which returned 8.5% over the past year.
Price Volatility
TGKN
Industry
5yr Volatility vs Market

TGKN Value

 Is Territorial Generation Company No. 14 undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Territorial Generation Company No. 14 to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Territorial Generation Company No. 14.

MISX:TGKN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 16%
Perpetual Growth Rate 10-Year RU Government Bond Rate 8.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for MISX:TGKN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year RU Govt Bond Rate 8.4%
Equity Risk Premium S&P Global 9.4%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.24
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.236 (1 + (1- 20%) (41.44%))
0.541
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.44% + (0.8 * 9.43%)
15.98%

Discounted Cash Flow Calculation for MISX:TGKN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Territorial Generation Company No. 14 is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

MISX:TGKN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (RUB, Millions) Source Present Value
Discounted (@ 15.98%)
2019 701.59 Est @ 1.97% 604.91
2020 729.05 Est @ 3.91% 541.95
2021 767.49 Est @ 5.27% 491.90
2022 815.24 Est @ 6.22% 450.50
2023 871.39 Est @ 6.89% 415.17
2024 935.47 Est @ 7.35% 384.27
2025 1,007.30 Est @ 7.68% 356.76
2026 1,086.96 Est @ 7.91% 331.92
2027 1,174.64 Est @ 8.07% 309.26
2028 1,270.72 Est @ 8.18% 288.45
Present value of next 10 years cash flows RUB4,175.08
MISX:TGKN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= RUB1,270.72 × (1 + 8.44%) ÷ (15.98% – 8.44%)
RUB18,265.75
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= RUB18,265.75 ÷ (1 + 15.98%)10
RUB4,146.26
MISX:TGKN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= RUB4,175.08 + RUB4,146.26
RUB8,321.34
Equity Value per Share
(RUB)
= Total value / Shares Outstanding
= RUB8,321.34 / 1,357,945.61
RUB0.01
MISX:TGKN Discount to Share Price
Calculation Result
Value per share (RUB) From above. RUB0.01
Current discount Discount to share price of RUB0.00
= -1 x (RUB0.00 - RUB0.01) / RUB0.01
22.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Territorial Generation Company No. 14 is available for.
Intrinsic value
22%
Share price is RUB0.00475 vs Future cash flow value of RUB0.00613
Current Discount Checks
For Territorial Generation Company No. 14 to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Territorial Generation Company No. 14's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Territorial Generation Company No. 14's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Territorial Generation Company No. 14's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Territorial Generation Company No. 14's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MISX:TGKN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in RUB RUB0.00
MISX:TGKN Share Price ** MISX (2019-05-24) in RUB RUB0
Russian Federation Electric Utilities Industry PE Ratio Median Figure of 34 Publicly-Listed Electric Utilities Companies 7.17x
Russian Federation Market PE Ratio Median Figure of 135 Publicly-Listed Companies 7.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Territorial Generation Company No. 14.

MISX:TGKN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= MISX:TGKN Share Price ÷ EPS (both in RUB)

= 0 ÷ 0.00

206.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Territorial Generation Company No. 14 is overvalued based on earnings compared to the RU Electric Utilities industry average.
  • Territorial Generation Company No. 14 is overvalued based on earnings compared to the Russian Federation market.
Price based on expected Growth
Does Territorial Generation Company No. 14's expected growth come at a high price?
Raw Data
MISX:TGKN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 206.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
19.6%per year
Russian Federation Electric Utilities Industry PEG Ratio Median Figure of 8 Publicly-Listed Electric Utilities Companies 0.05x
Russian Federation Market PEG Ratio Median Figure of 34 Publicly-Listed Companies 0.73x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Territorial Generation Company No. 14, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Territorial Generation Company No. 14's assets?
Raw Data
MISX:TGKN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in RUB RUB0.00
MISX:TGKN Share Price * MISX (2019-05-24) in RUB RUB0
Russian Federation Electric Utilities Industry PB Ratio Median Figure of 36 Publicly-Listed Electric Utilities Companies 0.59x
Russian Federation Market PB Ratio Median Figure of 152 Publicly-Listed Companies 0.78x
MISX:TGKN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= MISX:TGKN Share Price ÷ Book Value per Share (both in RUB)

= 0 ÷ 0.00

1.09x

* Primary Listing of Territorial Generation Company No. 14.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Territorial Generation Company No. 14 is overvalued based on assets compared to the RU Electric Utilities industry average.
X
Value checks
We assess Territorial Generation Company No. 14's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electric Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electric Utilities industry average (and greater than 0)? (1 check)
  5. Territorial Generation Company No. 14 has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TGKN Future Performance

 How is Territorial Generation Company No. 14 expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Territorial Generation Company No. 14, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
19.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Territorial Generation Company No. 14 expected to grow at an attractive rate?
  • Territorial Generation Company No. 14's earnings growth is expected to exceed the low risk savings rate of 8.4%.
Growth vs Market Checks
  • Territorial Generation Company No. 14's earnings growth is expected to exceed the Russian Federation market average.
  • Unable to compare Territorial Generation Company No. 14's revenue growth to the Russian Federation market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
MISX:TGKN Future Growth Rates Data Sources
Data Point Source Value (per year)
MISX:TGKN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 19.6%
Russian Federation Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 5.1%
Russian Federation Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Russian Federation Market Earnings Growth Rate Market Cap Weighted Average 3.3%
Russian Federation Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
MISX:TGKN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in RUB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MISX:TGKN Past Financials Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income *
2018-12-31 13,172 1,433 32
2018-09-30 12,974 1,602 265
2018-06-30 12,776 1,772 497
2018-03-31 12,720 1,590 445
2017-12-31 12,663 1,409 393
2017-09-30 12,661 994 906
2017-06-30 12,658 578 1,419
2017-03-31 11,668 1,380
2016-12-31 12,441 1,221 1,753
2016-09-30 13,413 1,902
2016-06-30 12,138 983 1,041
2016-03-31 11,924 193

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Territorial Generation Company No. 14's earnings are expected to grow by 19.6% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Territorial Generation Company No. 14 is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
MISX:TGKN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Territorial Generation Company No. 14 Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:TGKN Past Financials Data
Date (Data in RUB Millions) EPS *
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 0.00
2016-06-30 0.00
2016-03-31 0.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Territorial Generation Company No. 14 will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Territorial Generation Company No. 14's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Russian Federation market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Russian Federation market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Territorial Generation Company No. 14 has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TGKN Past Performance

  How has Territorial Generation Company No. 14 performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Territorial Generation Company No. 14's growth in the last year to its industry (Electric Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Territorial Generation Company No. 14's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Territorial Generation Company No. 14's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Territorial Generation Company No. 14's 1-year earnings growth is negative, it can't be compared to the RU Electric Utilities industry average.
Earnings and Revenue History
Territorial Generation Company No. 14's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Territorial Generation Company No. 14 Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:TGKN Past Revenue, Cash Flow and Net Income Data
Date (Data in RUB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 13,171.71 32.22 4,003.77
2018-09-30 12,974.04 264.60 3,844.23
2018-06-30 12,776.37 496.99 3,684.69
2018-03-31 12,719.82 444.91 3,783.71
2017-12-31 12,663.26 392.83 3,882.74
2017-09-30 12,660.75 905.72 3,509.03
2017-06-30 12,658.24 1,418.61 3,135.33
2017-03-31 11,667.63 1,379.54 3,985.74
2016-12-31 12,441.02 1,752.69 2,879.20
2016-09-30 13,413.43 1,901.97 6,228.98
2016-06-30 12,137.75 1,041.49 3,732.89
2016-03-31 11,924.21 193.35 4.37
2015-12-31 11,687.30 545.63 3,810.90
2015-09-30 11,296.39 -66.16
2015-06-30 11,366.12 -97.59 2,038.84
2015-03-31 11,402.97 124.46 3.87
2014-12-31 11,263.53 240.23 3.87
2014-09-30 11,063.66 45.56 -1,942.68
2014-06-30 11,237.79 2,103.83 -2,228.79
2014-03-31 11,101.93 437.04
2013-12-31 10,730.46 367.27
2013-09-30 10,415.64 -132.60
2013-06-30 12,545.44 61.26 2,228.79
2013-03-31 9,206.50 -713.71
2012-12-31 8,566.98 -1,632.49
2012-09-30 8,564.97 -1,345.63
2012-06-30 6,070.99 -3,508.24

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Territorial Generation Company No. 14 has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Territorial Generation Company No. 14 used its assets less efficiently than the RU Electric Utilities industry average last year based on Return on Assets.
  • Territorial Generation Company No. 14's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Territorial Generation Company No. 14's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electric Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Territorial Generation Company No. 14 has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TGKN Health

 How is Territorial Generation Company No. 14's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Territorial Generation Company No. 14's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Territorial Generation Company No. 14's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Territorial Generation Company No. 14's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Territorial Generation Company No. 14's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Territorial Generation Company No. 14 Company Filings, last reported 4 months ago.

MISX:TGKN Past Debt and Equity Data
Date (Data in RUB Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5,933.56 2,672.88 383.96
2018-09-30 5,933.56 2,672.88 383.96
2018-06-30 5,704.45 2,857.77 116.73
2018-03-31 5,704.45 2,857.77 116.73
2017-12-31 5,593.36 3,707.06 908.91
2017-09-30 5,593.36 3,707.06 908.91
2017-06-30 5,218.10 3,569.43 93.25
2017-03-31 5,218.10 3,569.43 93.25
2016-12-31 5,214.18 3,313.35 244.29
2016-09-30 5,214.18 3,313.35 244.29
2016-06-30 3,826.67 2,968.32 102.67
2016-03-31 6,322.89 2,705.00 192.80
2015-12-31 3,486.27 3,543.65 315.69
2015-09-30 5,626.22 3,900.00 93.62
2015-06-30 5,843.49 3,250.00 334.84
2015-03-31 6,129.55 3,000.00 831.55
2014-12-31 5,934.91 3,450.00 582.35
2014-09-30 5,692.38 3,705.00 86.06
2014-06-30 2,538.54 3,107.11 155.07
2014-03-31 5,981.33 3,000.00 160.19
2013-12-31 5,694.68 3,700.00 207.31
2013-09-30 5,669.41 4,000.00 218.15
2013-06-30 5,439.94 2,906.40 260.18
2013-03-31
2012-12-31 5,327.41 3,350.00 249.76
2012-09-30 6,426.33 2,807.51 71.35
2012-06-30 6,571.72 2,959.48 71.48
  • Territorial Generation Company No. 14's level of debt (45%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (64.8% vs 45% today).
  • Debt is well covered by operating cash flow (53.6%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 0.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Territorial Generation Company No. 14's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Territorial Generation Company No. 14 has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TGKN Dividends

 What is Territorial Generation Company No. 14's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Territorial Generation Company No. 14 dividends.
If you bought RUB2,000 of Territorial Generation Company No. 14 shares you are expected to receive RUB0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Territorial Generation Company No. 14's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Territorial Generation Company No. 14's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
MISX:TGKN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Russian Federation Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 5.7%
Russian Federation Market Average Dividend Yield Market Cap Weighted Average of 74 Stocks 7%
Russian Federation Minimum Threshold Dividend Yield 10th Percentile 1.7%
Russian Federation Bottom 25% Dividend Yield 25th Percentile 3.4%
Russian Federation Top 25% Dividend Yield 75th Percentile 9.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Territorial Generation Company No. 14 has not reported any payouts.
  • Unable to verify if Territorial Generation Company No. 14's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Territorial Generation Company No. 14's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Territorial Generation Company No. 14 has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Territorial Generation Company No. 14's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Territorial Generation Company No. 14 afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Territorial Generation Company No. 14 has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TGKN Management

 What is the CEO of Territorial Generation Company No. 14's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Aleksey Lizunov
TENURE AS CEO 2 years
CEO Bio

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. Mr. Lizunov served as Acting Director General of Public Joint Stock Company Territorial Generation Company No. 14 since May 22, 2017 until September 2017. Mr. Lizunov served as Technical Director and Deputy General Director at OJSC Territorial Generating Company No. 14.

CEO Compensation
  • Insufficient data for Aleksey to compare compensation growth.
  • Insufficient data for Aleksey to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure of the Territorial Generation Company No. 14 management team in years:

3
Average Tenure
  • The tenure for the Territorial Generation Company No. 14 management team is about average.
Management Team

Aleksey Lizunov

TITLE
CEO & Chairman of the Management Board
TENURE
2 yrs

Ablyazov Nikolayevich

TITLE
Deputy General Director of Economics & Finance and Member of the Management Board
TENURE
3.3 yrs

Sokolov Valeryevich

TITLE
Deputy General Director of Procurement & Purchase and Member of the Management Board

Dorfman Valentinovich

TITLE
First Deputy General Director for Technical Policy

Rizkkov Viktorovich

TITLE
Deputy General Director of Economic Security & Working Order and Member of the Management Board
TENURE
6.7 yrs

Alexey Kakaulin

TITLE
Deputy Chief Executive Officer for Corporate & Legal Regulation and Member of the Management Board
TENURE
2.8 yrs

M. Yakovlev

TITLE
Chief Accountant

Gorkovenko Sergeevna

TITLE
Head of Public Relations Department

Hodakov Nickolayevich

TITLE
Head of Department of Corporate Affairs

Sibiryanskaya Alexandrovna

TITLE
Corporate secretary
Board of Directors

Svetlana Zholnerchik

TITLE
Director
AGE
54
TENURE
11 yrs

Ruslan Valeev

TITLE
Director
TENURE
6.7 yrs

Zhukov Ivanovich

TITLE
Director

Bardikhanov Maksutovich

TITLE
Director

Andrey Fedorov

TITLE
Director

Konstantin Lyulchev

TITLE
Director

Andrey Gladyshev

TITLE
Director

Gotlib Igorevich

TITLE
Director
AGE
39

Dmitriy Gorodetskiy

TITLE
Director

Alekhin Viktorovich

TITLE
Director
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (RUB) Value (RUB)
X
Management checks
We assess Territorial Generation Company No. 14's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Territorial Generation Company No. 14 has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TGKN News

Simply Wall St News

How Much Of Public Joint Stock Company Territorial Generation Company No. 14 (MCX:TGKN) Do Institutions Own?

A look at the shareholders of Public Joint Stock Company Territorial Generation Company No. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Territorial Generation Company No.

Simply Wall St -

How Financially Strong Is Public Joint Stock Company Territorial Generation Company No. 14 (MCX:TGKN)?

While small-cap stocks, such as Public Joint Stock Company Territorial Generation Company No. … 14 (MCX:TGKN) with its market cap of RUруб6.8b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

Don't Sell Public Joint Stock Company Territorial Generation Company No 14 (MCX:TGKN) Before You Read This

We'll show how you can use Public Joint Stock Company Territorial Generation Company No 14's (MCX:TGKN) P/E ratio to inform your assessment of the investment opportunity. … Territorial Generation Company No. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Do You Know Who Else Invests In Public Joint Stock Company Territorial Generation Company No 14 (MCX:TGKN)?

Today, I will be analyzing Public Joint Stock Company Territorial Generation Company No 14’s (MCX:TGKN) recent ownership structure, an important but not-so-popular subject among individual investors. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. … View our latest analysis for Territorial Generation Company No.

Simply Wall St -

Is Public Joint Stock Company Territorial Generation Company No 14 (MCX:TGKN) Attractive At Its Current PE Ratio?

Public Joint Stock Company Territorial Generation Company No 14 (MCX:TGKN) is trading with a trailing P/E of 18x, which is higher than the industry average of 6x. … Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the assumptions behind the P/E ratio might change your mind. … View our latest analysis for Territorial Generation Company No

Simply Wall St -

Public Joint Stock Company Territorial Generation Company No 14 (MCX:TGKN): What Are Investors Earning On Their Capital?

and want to begin learning the link between Public Joint Stock Company Territorial Generation Company No 14 (MCX:TGKN)’s return fundamentals and stock market performance. … Territorial Generation Company No. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided.

Simply Wall St -

Interested In Public Joint Stock Company Territorial Generation Company No 14 (MISX:TGKN)? Here's How It Performed Recently

Assessing Public Joint Stock Company Territorial Generation Company No 14's (MISX:TGKN) past track record of performance is a useful exercise for investors. … Check out our latest analysis for Territorial Generation Company No. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 47.52%, indicating the rate at which TGKN is growing has slowed down

Simply Wall St -

Public Joint Stock Company Territorial Generation Company No 14 (MCX:TGKN): A Look At Return On Capital

This analysis is intended to introduce important early concepts to people who are starting to invest and want to begin learning the link between Public Joint Stock Company Territorial Generation Company No 14 (MISX:TGKN)’s return fundamentals and stock market performance. … This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … Similarly, the movement in the earnings variable shows a jump from RUРУБ385.65M to RUРУБ425.48M whilst the amount of capital employed has decreased because of a fall in total assets and increase in current liabilities (more borrowed money) , which means that ROCE has increased as a result of Territorial Generation Company No.

Simply Wall St -

Did Public Joint Stock Company Territorial Generation Company No 14 (MCX:TGKN) Create Value For Investors Over The Past Year?

Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Territorial Generation Company No. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity MISX:TGKN Last Perf May 1st 18 Essentially, profit margin shows how much money the company makes after paying for all its expenses. … Although, its appropriate level of leverage means investors can be more confident in the sustainability of Territorial Generation Company No.

Simply Wall St -

Should You Sell Public Joint Stock Company Territorial Generation Company No 14 (MCX:TGKN) At This PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for TGKN Price per share = RUB0.01 Earnings per share = RUB0 ∴ Price-Earnings Ratio = RUB0.01 ÷ RUB0 = 20.2x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you inadvertently compared riskier firms with TGKN, then investors would naturally value TGKN at a higher price since it is a less risky investment. … Similarly, if you accidentally compared lower growth firms with TGKN, investors would also value TGKN at a higher price since it is a higher growth investment.

Simply Wall St -

TGKN Company Info

Description

Public Joint Stock Company Territorial Generation Company No. 14 engages in the production and distribution 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 power complexes with an installed electric power capacity of 649.57 MW and heat 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.

Details
Name: Public Joint Stock Company Territorial Generation Company No. 14
TGKN
Exchange: MISX
Founded: 2004
RUB6,450,241,643
1,357,945,609,114
Website: http://www.tgk-14.com
Address: Public Joint Stock Company Territorial Generation Company No. 14
ul. Profsoyuznaya, 23,
Chita,
Chitinskaya obl., 672000,
Russia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
MISX TGKN Usual Shares Micex - Rts RU RUB 03. Sep 2008
Number of employees
Current staff
Staff numbers
0
Territorial Generation Company No. 14 employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/26 20:56
End of day share price update: 2019/05/24 00:00
Last earnings filing: 2019/04/03
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.