MISX:TORS

Stock Analysis Report

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Tomsk Distribution

Executive Summary

Tomsk Distribution Company, an energy company, transmits and distributes electricity in Russia.


Snowflake Analysis

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

How has Tomsk Distribution's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

6.8%

TORS

-0.1%

RU Electric Utilities

3.4%

RU Market


1 Year Return

56.9%

TORS

25.9%

RU Electric Utilities

9.9%

RU Market

Return vs Industry: TORS exceeded the Russian Electric Utilities industry which returned 25.9% over the past year.

Return vs Market: TORS exceeded the Russian Market which returned 9.9% over the past year.


Shareholder returns

TORSIndustryMarket
7 Day6.8%-0.1%3.4%
30 Day21.0%6.6%9.4%
90 Day25.7%16.8%14.7%
1 Year60.7%56.9%31.5%25.9%15.9%9.9%
3 Year23.1%13.8%33.5%16.1%67.5%42.3%
5 Year181.4%102.2%211.3%149.2%123.5%73.2%

Price Volatility Vs. Market

How volatile is Tomsk Distribution's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Tomsk Distribution undervalued compared to its fair value and its price relative to the market?

6.15x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TORS (RUB0.46) is trading above our estimate of fair value (RUB0.15)

Significantly Below Fair Value: TORS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TORS is good value based on its PE Ratio (6.1x) compared to the RU Electric Utilities industry average (8.2x).

PE vs Market: TORS is good value based on its PE Ratio (6.1x) compared to the Russian market (9.8x).


Price to Earnings Growth Ratio

PEG Ratio: TORS is poor value based on its PEG Ratio (2.8x)


Price to Book Ratio

PB vs Industry: TORS is good value based on its PB Ratio (0.4x) compared to the RU Electric Utilities industry average (0.7x).


Next Steps

Future Growth

How is Tomsk Distribution forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

2.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TORS's forecast earnings growth (2.2% per year) is below the savings rate (8.3%).

Earnings vs Market: TORS's earnings (2.2% per year) are forecast to grow slower than the Russian market (24% per year).

High Growth Earnings: TORS's earnings are forecast to grow, but not significantly.

Revenue vs Market: TORS's revenue (3.5% per year) is forecast to grow slower than the Russian market (7.4% per year).

High Growth Revenue: TORS's revenue (3.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TORS's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Tomsk Distribution performed over the past 5 years?

-23.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TORS has high quality earnings.

Growing Profit Margin: TORS became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: TORS has become profitable over the past 5 years, growing earnings by -23.6% per year.

Accelerating Growth: TORS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: TORS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electric Utilities industry (4.6%).


Return on Equity

High ROE: TORS's Return on Equity (6.4%) is considered low.


Next Steps

Financial Health

How is Tomsk Distribution's financial position?


Financial Position Analysis

Short Term Liabilities: TORS's short term assets (RUB1.0B) exceed its short term liabilities (RUB777.4M).

Long Term Liabilities: TORS's short term assets (RUB1.0B) exceed its long term liabilities (RUB291.9M).


Debt to Equity History and Analysis

Debt Level: TORS is debt free.

Reducing Debt: TORS has not had any debt for past 5 years.

Debt Coverage: TORS has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: TORS has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Tomsk Distribution current dividend yield, its reliability and sustainability?

2.41%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TORS's dividend (2.41%) isn’t notable compared to the bottom 25% of dividend payers in the Russian market (3.88%).

High Dividend: TORS's dividend (2.41%) is low compared to the top 25% of dividend payers in the Russian market (8.89%).


Stability and Growth of Payments

Stable Dividend: TORS's dividend payments have been volatile in the past 10 years.

Growing Dividend: TORS's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (14.8%), TORS's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TORS's dividends in 3 years are forecast to be well covered by earnings (37.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.1yrs

Average board tenure


CEO

Oleg Petrov

5.08yrs

Tenure

Mr. Oleg Valentinovich Petrov serves as Director General and Member of the Management Board at Tomsk Distribution Company. Mr. Petrov served as First Deputy Director at Tomsk Distribution Company since 200 ...


Board Members

NamePositionTenureCompensationOwnership
Oleg Petrov
Director General5.08yrsno datano data
Denis Guriyanov
Director0.58yrno datano data
Kirillov Nikolaevich
Member of the Audit Commission5.17yrsno datano data
Oleg Bindar
Director0.58yrno datano data
Konstantin Mikhailik
Chairman of the Board0.58yrno datano data
Irina Shagina
Directorno datano datano data
Sergey Malishev
Member of the Audit Commissionno datano datano data
Anton Mamayev
Directorno datano datano data
Marina Lelekova
Member of Audit Commission1.58yrsno datano data
Svetlana Kim
Member of Audit Commission1.58yrsno datano data

1.1yrs

Average Tenure

41yo

Average Age

Experienced Board: TORS's board of directors are not considered experienced ( 1.1 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

Tomsk Distribution Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tomsk Distribution Company
  • Ticker: TORS
  • Exchange: MISX
  • Founded: 1952
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: ₽1.738b
  • Shares outstanding: 3.82b
  • Website: https://www.trk.tom.ru

Location

  • Tomsk Distribution Company
  • Building 36
  • Kirova Avenue
  • Tomsk
  • Tomskaya obl.
  • 634041
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TORSMISX (Micex - Rts)YesOrdinary SharesRURUBJun 2006
TORSPMISX (Micex - Rts)RUB0.4916 PRF(RUB)RURUBNov 2006

Biography

Tomsk Distribution Company, an energy company, transmits and distributes electricity in Russia. It operates 18,000 kilometers of transmission lines; 137 power centers; and 3,074 substations with a transfor ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/14 11:06
End of Day Share Price2020/08/13 00:00
Earnings2020/03/31
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.