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Tomsk Distribution

MISX:TORS
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TORS
MISX
RUB1B
Market Cap
  1. Home
  2. RU
  3. Utilities
Company description

Tomsk Distribution Company, an energy company, transmits and distributes electricity in Russia. The last earnings update was 63 days ago. More info.


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TORS Share Price and Events
7 Day Returns
0%
MISX:TORS
-3.9%
RU Electric Utilities
-3%
RU Market
1 Year Returns
-5.9%
MISX:TORS
4.6%
RU Electric Utilities
14.1%
RU Market
TORS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tomsk Distribution (TORS) 0% 2% -10.4% -5.9% -24% -40%
RU Electric Utilities -3.9% -5.7% 8.2% 4.6% 34.5% 96.5%
RU Market -3% 0.4% 7.2% 14.1% 42.4% 103.1%
1 Year Return vs Industry and Market
  • TORS underperformed the Electric Utilities industry which returned 4.6% over the past year.
  • TORS underperformed the Market in Russian Federation which returned 14.1% over the past year.
Price Volatility
TORS
Industry
5yr Volatility vs Market

Value

 Is Tomsk Distribution 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 Tomsk Distribution 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 Tomsk Distribution.

MISX:TORS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) 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:TORS
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 0.26
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.262 (1 + (1- 20%) (0%))
0.506
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:TORS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tomsk Distribution 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:TORS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (RUB, Millions) Source Present Value
Discounted (@ 15.98%)
2020 171.47 Est @ 4.43% 147.84
2021 181.13 Est @ 5.63% 134.65
2022 192.86 Est @ 6.48% 123.61
2023 206.48 Est @ 7.06% 114.10
2024 221.92 Est @ 7.48% 105.73
2025 239.16 Est @ 7.77% 98.24
2026 258.21 Est @ 7.97% 91.45
2027 279.15 Est @ 8.11% 85.24
2028 302.07 Est @ 8.21% 79.53
2029 327.08 Est @ 8.28% 74.25
Present value of next 10 years cash flows RUB1,054.64
MISX:TORS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= RUB327.08 × (1 + 8.44%) ÷ (15.98% – 8.44%)
RUB4,701.49
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= RUB4,701.49 ÷ (1 + 15.98%)10
RUB1,067.22
MISX:TORS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= RUB1,054.64 + RUB1,067.22
RUB2,121.86
Equity Value per Share
(RUB)
= Total value / Shares Outstanding
= RUB2,121.86 / 3,819.32
RUB0.56
MISX:TORS Discount to Share Price
Calculation Result
Value per share (RUB) From above. RUB0.56
Current discount Discount to share price of RUB0.30
= -1 x (RUB0.30 - RUB0.56) / RUB0.56
45.8%

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

Current Discount
Amount off the current price Tomsk Distribution is available for.
Intrinsic value
46%
Share price is RUB0.301 vs Future cash flow value of RUB0.55556
Current Discount Checks
For Tomsk Distribution to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Tomsk Distribution's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Tomsk Distribution's share price is below the future cash flow value, and 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 Tomsk Distribution's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tomsk Distribution's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MISX:TORS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in RUB RUB0.01
MISX:TORS Share Price ** MISX (2019-07-17) in RUB RUB0.3
Russian Federation Electric Utilities Industry PE Ratio Median Figure of 38 Publicly-Listed Electric Utilities Companies 6.37x
Russian Federation Market PE Ratio Median Figure of 137 Publicly-Listed Companies 7.15x

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

** Primary Listing of Tomsk Distribution.

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

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

= 0.3 ÷ 0.01

59.01x

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

  • Tomsk Distribution is overvalued based on earnings compared to the RU Electric Utilities industry average.
  • Tomsk Distribution is overvalued based on earnings compared to the Russian Federation market.
Price based on expected Growth
Does Tomsk Distribution's expected growth come at a high price?
Raw Data
MISX:TORS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 59.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
29%per year
Russian Federation Electric Utilities Industry PEG Ratio Median Figure of 9 Publicly-Listed Electric Utilities Companies 0.42x
Russian Federation Market PEG Ratio Median Figure of 33 Publicly-Listed Companies 0.61x

*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 Tomsk Distribution, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tomsk Distribution's assets?
Raw Data
MISX:TORS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in RUB RUB1.06
MISX:TORS Share Price * MISX (2019-07-17) in RUB RUB0.3
Russian Federation Electric Utilities Industry PB Ratio Median Figure of 39 Publicly-Listed Electric Utilities Companies 0.65x
Russian Federation Market PB Ratio Median Figure of 154 Publicly-Listed Companies 0.81x
MISX:TORS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.3 ÷ 1.06

0.28x

* Primary Listing of Tomsk Distribution.

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

  • Tomsk Distribution is good value based on assets compared to the RU Electric Utilities industry average.
X
Value checks
We assess Tomsk Distribution'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. Tomsk Distribution has a total score of 3/6, 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.

Future Performance

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

  • No analysts cover Tomsk Distribution, 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
29%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tomsk Distribution expected to grow at an attractive rate?
  • Tomsk Distribution's earnings growth is expected to exceed the low risk savings rate of 8.4%.
Growth vs Market Checks
  • Tomsk Distribution's earnings growth is expected to exceed the Russian Federation market average.
  • Tomsk Distribution's revenue growth is positive but not above the Russian Federation market average.
Annual Growth Rates Comparison
Raw Data
MISX:TORS Future Growth Rates Data Sources
Data Point Source Value (per year)
MISX:TORS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 29%
MISX:TORS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 4.1%
Russian Federation Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 8.3%
Russian Federation Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 2.7%
Russian Federation Market Earnings Growth Rate Market Cap Weighted Average 2.8%
Russian Federation Market Revenue Growth Rate Market Cap Weighted Average 4.2%

*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:TORS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in RUB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MISX:TORS Future Estimates Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 7,464 611 1
2020-12-31 7,178 574 1
2019-12-31 6,899 459 1
MISX:TORS Past Financials Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income *
2019-03-31 6,656 19
2018-12-31 6,672 444 103
2018-09-30 6,684 160
2018-06-30 6,710 248
2018-03-31 6,566 246
2017-12-31 6,399 904 196
2017-09-30 6,412 241
2017-06-30 6,287 222
2017-03-31 6,220 252
2016-12-31 6,185 764 303
2016-09-30 5,989 329
2016-06-30 5,976 807

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tomsk Distribution's earnings are expected to grow significantly at over 20% yearly.
  • Tomsk Distribution's revenue is expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).
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:TORS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Tomsk Distribution Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:TORS Future Estimates Data
Date (Data in RUB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
MISX:TORS Past Financials Data
Date (Data in RUB Millions) EPS *
2019-03-31 0.01
2018-12-31 0.03
2018-09-30 0.04
2018-06-30 0.06
2018-03-31 0.06
2017-12-31 0.05
2017-09-30 0.06
2017-06-30 0.06
2017-03-31 0.07
2016-12-31 0.08
2016-09-30 0.09
2016-06-30 0.21

*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 Tomsk Distribution will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Tomsk Distribution'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.
Tomsk Distribution has a total score of 3/6, 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.

Past Performance

  How has Tomsk Distribution 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 Tomsk Distribution'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.
  • Tomsk Distribution's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Tomsk Distribution's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Tomsk Distribution's 1-year earnings growth is negative, it can't be compared to the RU Electric Utilities industry average.
Earnings and Revenue History
Tomsk Distribution'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 Tomsk Distribution Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:TORS Past Revenue, Cash Flow and Net Income Data
Date (Data in RUB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 6,656.30 19.48 1,430.30
2018-12-31 6,672.06 103.17 1,427.04
2018-09-30 6,683.81 159.68 310.13
2018-06-30 6,709.51 247.75 306.25
2018-03-31 6,566.09 245.84 1,483.04
2017-12-31 6,398.92 196.37 1,481.74
2017-09-30 6,412.15 241.27 308.15
2017-06-30 6,286.66 221.86 318.24
2017-03-31 6,220.37 252.07 319.29
2016-12-31 6,185.19 303.08 316.63
2016-09-30 5,988.72 329.13 300.73
2016-06-30 5,975.73 806.96 282.59
2016-03-31 5,959.31 767.24 295.93
2015-12-31 5,888.95 840.56 315.47
2015-09-30 6,206.73 490.42 358.85
2015-06-30 6,462.98 -16.03 363.08
2015-03-31 6,805.95 -270.77 350.48
2014-12-31 7,184.11 164.91 342.63
2014-09-30 7,120.85 426.68 1,146.46
2014-06-30 6,970.55 430.44 1,157.36
2014-03-31 6,756.74 630.78 1,192.96
2013-12-31 6,572.70 156.11 1,190.47
2013-09-30 6,356.69 29.41 2,012.55
2013-06-30 6,359.33 -157.59 1,938.93
2013-03-31 6,497.17 41.71 1,832.95
2012-12-31 6,382.94 -98.08 1,761.53
2012-09-30 6,425.02 64.46 0.23

*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.
  • Tomsk Distribution has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • It is difficult to establish if Tomsk Distribution has efficiently used its assets last year compared to the RU Electric Utilities industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Tomsk Distribution improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Tomsk Distribution'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.
Tomsk Distribution has a total score of 0/6, 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.

Health

 How is Tomsk Distribution'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 Tomsk Distribution's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tomsk Distribution is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tomsk Distribution's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Tomsk Distribution'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.
  • Tomsk Distribution has no debt, it does not need to be covered by short term assets.
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 Tomsk Distribution Company Filings, last reported 3 months ago.

MISX:TORS Past Debt and Equity Data
Date (Data in RUB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 4,350.18 0.00 761.33
2018-12-31 3,585.28 0.00 745.21
2018-09-30 4,442.75 0.00 997.13
2018-06-30 4,457.40 0.00 1,088.77
2018-03-31 4,414.65 0.00 1,035.09
2017-12-31 3,465.49 0.00 975.01
2017-09-30 4,315.06 0.00 961.03
2017-06-30 4,241.64 0.00 976.59
2017-03-31 4,251.02 0.00 973.35
2016-12-31 4,189.66 0.00 688.81
2016-09-30 4,149.67 0.00 907.40
2016-06-30 4,095.67 0.00 1,312.69
2016-03-31 4,421.85 0.00 1,017.39
2015-12-31 4,309.48 0.00 899.69
2015-09-30 4,242.36 0.00 1,077.04
2015-06-30 3,710.53 0.00 1,038.96
2015-03-31 3,695.03 0.00 941.27
2014-12-31 3,509.34 0.00 814.44
2014-09-30 3,792.81 0.00 929.65
2014-06-30 3,767.43 0.00 770.20
2014-03-31 4,019.97 0.00 1,001.91
2013-12-31 2,477.33 0.00 528.27
2013-09-30 3,357.18 0.00 384.63
2013-06-30 3,328.03 0.00 96.34
2013-03-31 3,325.43 0.00 32.23
2012-12-31 2,417.28 0.00 221.07
2012-09-30 3,313.06 0.00 407.34
  • Tomsk Distribution has no debt.
  • Tomsk Distribution has not taken on any debt in the past 5 years.
  • Tomsk Distribution has no debt, it does not need to be covered by operating cash flow.
  • Tomsk Distribution has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Tomsk Distribution'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. Tomsk Distribution has a total score of 6/6, 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.

Dividends

 What is Tomsk Distribution'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
2.01%
Current annual income from Tomsk Distribution dividends. Estimated to be 0% next year.
If you bought RUB2,000 of Tomsk Distribution shares you are expected to receive RUB40 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?
  • Tomsk Distribution's pays a lower dividend yield than the bottom 25% of dividend payers in Russian Federation (3.19%).
  • Tomsk Distribution's dividend is below the markets top 25% of dividend payers in Russian Federation (8.56%).
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:TORS 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 1 Analyst Estimates (S&P Global) See Below
Russian Federation Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 5.9%
Russian Federation Market Average Dividend Yield Market Cap Weighted Average of 72 Stocks 7.2%
Russian Federation Minimum Threshold Dividend Yield 10th Percentile 1.8%
Russian Federation Bottom 25% Dividend Yield 25th Percentile 3.2%
Russian Federation Top 25% Dividend Yield 75th Percentile 8.6%

Industry and Market average data is calculated daily.

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

MISX:TORS Future Dividends Estimate Data
Date (Data in RUB) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31
2019-12-31
MISX:TORS Past Annualized Dividends Data
Date (Data in RUB) Dividend per share (annual) Avg. Yield (%)
2018-07-06 0.006 1.843
2017-08-14 0.016 4.264
2017-05-03 0.016 4.043
2016-08-12 0.096 23.815
2016-07-04 0.096 23.110
2015-08-19 0.009 2.875
2015-07-21 0.009 3.367
2014-11-25 0.011 3.870
2014-09-01 0.011 3.494
2014-05-21 0.000 0.000
2013-11-15 0.000 0.000
2013-08-19 0.000 0.000
2012-11-15 0.003 0.539
2012-08-15 0.003 0.642
2012-05-16 0.003 0.616
2011-11-16 0.002 0.543
2011-08-15 0.002 0.657
2011-05-16 0.002 0.504
2010-08-13 0.002 0.309
2010-07-15 0.002 0.355
2010-05-17 0.002 0.350

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

  • Tomsk Distribution has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Tomsk Distribution only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Tomsk Distribution's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • No need to calculate the sustainability of Tomsk Distribution's dividends in 3 years as they are not expected to pay a notable one for Russian Federation.
X
Income/ dividend checks
We assess Tomsk Distribution's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - 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 Tomsk Distribution afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tomsk Distribution 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.

Management

 What is the CEO of Tomsk Distribution'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
Oleg Petrov
TENURE AS CEO 4 years
CEO Bio

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 2007 until July 1, 2015 and served as its Managing Director until July 1, 2015. Mr. Petrov served as General Director at Tomsk Distribution Company from 2005 to 2007.

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

Oleg Petrov

TITLE
Director General
TENURE
4 yrs

Irina Razmanova

TITLE
Chief Accountant

Vikhoreva Georgievna

TITLE
Chief of Staff

Kinash Alexeevich

TITLE
First Deputy General Director

Gribanov Valer'evich

TITLE
Director of Production and Marketing

Mary Gerasimovich

TITLE
Secretary

Nataliya Shikova

TITLE
Deputy General Director - Corporate Governance
Board of Directors Tenure

Average tenure and age of the Tomsk Distribution board of directors in years:

4.1
Average Tenure
45
Average Age
  • The tenure for the Tomsk Distribution board of directors is about average.
Board of Directors

Erpsher Ilyinichna

TITLE
Director
AGE
50
TENURE
5.1 yrs

Oleg Petrov

TITLE
Director General

Dubov Yuryevich

TITLE
Director
TENURE
3.7 yrs

Irina Shagina

TITLE
Director
AGE
40

Kirillov Nikolaevich

TITLE
Member of the Audit Commission
AGE
35
TENURE
4.1 yrs

Yelena Kabizskina

TITLE
Member of the Audit Commission
AGE
55
TENURE
4.1 yrs

Medvedev Alekseevna

TITLE
Member of the Audit Commission

Malyshev Vladimirovich

TITLE
Member of the Audit Commission

Yerandina Stanislavovna

TITLE
Member of the Audit Commission
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (RUB) Value (RUB)
X
Management checks
We assess Tomsk Distribution'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. Tomsk Distribution 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.

News

Simply Wall St News

Tomsk Distribution Company (MCX:TORS) Might Not Be A Great Investment

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Why Tomsk Distribution Company (MCX:TORS) Delivered An Inferior ROE Compared To The Industry

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … Tomsk Distribution Company’s (MCX:TORS) most recent return on equity was a substandard 5.40% relative to its industry performance of 9.70% over the past year. … See our latest analysis for Tomsk Distribution

Simply Wall St -

Should Tomsk Distribution Company (MISX:TORS) Be Your Next Stock Pick?

By this I mean, I look at stocks holistically, from their financial health to their future outlook. … In the case of Tomsk Distribution Company (MISX:TORS), it. … is a company that has been able to sustain great financial health, trading at an attractive share price.

Simply Wall St -

Understanding Your Return On Investment In Tomsk Distribution Company (MCX:TORS)

We'll look at Tomsk Distribution’s returns by computing return on capital employed, which will tell us what the company can generate from the money spent in operations. … Take a look at the formula box beneath: ROCE Calculation for TORS Return on Capital Employed (ROCE) = Earnings Before Tax (EBT) ÷ (Capital Employed) Capital Employed = (Total Assets - Current Liabilities) ∴ ROCE = RUРУБ238.55M ÷ (RUРУБ5.34B - RUРУБ877.50M) = 5.34% TORS’s 5.34% ROCE means that for every RUB100 you invest, the company creates RUB5.3. … We can see that earnings have actually increased from RUРУБ199.62M to RUРУБ238.55M but capital employed has improved by a relatively larger volume in response to an increase in total assets and a smaller reliance on current liabilities (less borrowing to fund operations) , which suggests investor's ROCE has fallen because the company requires more capital to create earnings despite the previous growth in EBT.

Simply Wall St -

How Tomsk Distribution Company (MCX:TORS) Can Impact Your Portfolio Volatility

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … TORS’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio. … TORS, with its market capitalisation of RUРУБ1.27B, is a small-cap stock, which generally have higher beta than similar companies of larger size.

Simply Wall St -

What You Must Know About Tomsk Distribution Company's (MCX:TORS) Major Investors

In this article, I'm going to take a look at Tomsk Distribution Company’s (MISX:TORS) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … The company hardly has institutions in its ownership structure, indicating limited concern for investors to worry about potential sell-offs that could arise due to extensive liquidation. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: With a low level of institutional ownership, investors in TORS need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

Simply Wall St -

With A -37.62% Earnings Drop, Did Tomsk Distribution Company (MCX:TORS) Really Underperform?

For Tomsk Distribution, its most recent earnings (trailing twelve month) is RUРУБ189.06M, which, relative to last year’s level, has fallen by a significant -37.62%. … Since these values are fairly nearsighted, I have computed an annualized five-year figure for Tomsk Distribution's net income, which stands at RUРУБ272.58M This doesn’t seem to paint a better picture, as earnings seem to have steadily been deteriorating over the longer term. … This suggests that whatever uplift the industry is deriving benefit from, Tomsk Distribution has not been able to gain as much as its average peer.What does this mean?

Simply Wall St -

With An ROE Of 5.59%, Can Tomsk Distribution Company (MCX:TORS) Catch Up To The Industry?

See our latest analysis for Tomsk Distribution Breaking down ROE — the mother of all ratios Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Tomsk Distribution’s equity capital deployed. … Currently, Tomsk Distribution has no debt which means its returns are driven purely by equity capital.

Simply Wall St -

Is Tomsk Distribution Company (MCX:TORS) A Buy At Its Current PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for TORS Price per share = RUB0.36 Earnings per share = RUB0.063 ∴ Price-Earnings Ratio = RUB0.36 ÷ RUB0.063 = 5.7x 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 lower risk firms with TORS, then investors would naturally value TORS at a lower price since it is a riskier investment. … Similarly, if you accidentally compared higher growth firms with TORS, investors would also value TORS at a lower price since it is a lower growth investment.

Simply Wall St -

Company Info

Description

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 transformer capacity of k 3,912 MVA. The company was founded in 1952 and is based in Tomsk, Russia. Tomsk Distribution Company is a subsidiary of Rosseti, Public Joint Stock Company.

Details
Name: Tomsk Distribution Company
TORS
Exchange: MISX
Founded: 1952
RUB1,149,613,989
3,819,315,580
Website: http://www.trk.tom.ru
Address: Tomsk Distribution Company
Building 36,
Kirova Avenue,
Tomsk,
Tomskaya obl., 634041,
Russia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
MISX TORS Ordinary Shares Micex - Rts RU RUB 26. Jun 2006
MISX TORSP RUB0.4916 PRF(RUB) Micex - Rts RU RUB 28. Nov 2006
Number of employees
Current staff
Staff numbers
0
Tomsk Distribution employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 21:18
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/07/12
Last earnings filing: 2019/05/15
Last earnings reported: 2019/03/31
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.