MISX:TORS

Stock Analysis Report

Tomsk Distribution

Executive Summary

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

Rewards

Revenue is forecast to grow 4.5% per year

Risk Analysis

Earnings have declined by -17.88% per year over past 5 years

Does not have a meaningful market cap (RUB2B)



Snowflake Analysis

Flawless balance sheet and overvalued.


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

9.6%

TORS

3.5%

RU Electric Utilities

-0.4%

RU Market


1 Year Return

36.6%

TORS

42.3%

RU Electric Utilities

22.6%

RU Market

Return vs Industry: TORS underperformed the Russian Electric Utilities industry which returned 42.3% over the past year.

Return vs Market: TORS exceeded the Russian Market which returned 22.6% over the past year.


Shareholder returns

TORSIndustryMarket
7 Day9.6%3.5%-0.4%
30 Day15.5%5.9%-4.2%
90 Day27.7%25.9%4.4%
1 Year41.9%36.6%51.5%42.3%31.0%22.6%
3 Year15.0%4.4%26.7%8.8%63.3%37.6%
5 Year85.3%31.7%215.5%153.3%133.8%82.2%

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?

0.51x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: TORS (RUB0.47) is trading above our estimate of fair value (RUB0.07)

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


Price To Earnings Ratio

PE vs Industry: TORS is unprofitable, so we can't compare its PE Ratio to the Electric Utilities industry average.

PE vs Market: TORS is unprofitable, so we can't compare its PE Ratio to the Russian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TORS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TORS is good value based on its PB Ratio (0.5x) compared to the RU Electric Utilities industry average (0.8x).


Next Steps

Future Growth

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

4.5%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if TORS's forecast earnings growth is above the savings rate (6.4%).

Earnings vs Market: Insufficient data to determine if TORS's earnings are forecast to grow faster than the Russian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TORS's revenue (4.5% per year) is forecast to grow faster than the Russian market (3.8% per year).

High Growth Revenue: TORS's revenue (4.5% 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?

-17.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TORS is currently unprofitable.

Growing Profit Margin: TORS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TORS is unprofitable, and losses have increased over the past 5 years at a rate of -17.9% per year.

Accelerating Growth: Unable to compare TORS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TORS is unprofitable, making it difficult to compare its past year earnings growth to the Electric Utilities industry (-0.2%).


Return on Equity

High ROE: TORS has a negative Return on Equity (-1.78%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Tomsk Distribution's financial position?


Financial Position Analysis

Short Term Liabilities: TORS's short term assets (RUB1.1B) exceed its short term liabilities (RUB731.0M).

Long Term Liabilities: TORS's short term assets (RUB1.1B) exceed its long term liabilities (RUB283.7M).


Debt to Equity History and Analysis

Debt Level: TORS is debt free.

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


Balance Sheet

Inventory Level: TORS has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if TORS's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: TORS has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: TORS has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

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

2.33%

Current Dividend Yield


Dividend Yield vs Market

company2.3%marketbottom25%3.2%markettop25%7.6%industryaverage4.7%forecastin3Years1.4%

Current dividend yield vs market & industry

Notable Dividend: TORS's dividend (2.33%) isn’t notable compared to the bottom 25% of dividend payers in the Russian market (3.21%).

High Dividend: TORS's dividend (2.33%) is low compared to the top 25% of dividend payers in the Russian market (7.63%).


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: TORS is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TORS'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?

4.7yrs

Average board tenure


CEO

Oleg Petrov 0

4.6yrs

Tenure

0

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 General4.6yrsno datano data
Erpsher Ilyinichna
Director5.7yrsno datano data
Kirillov Nikolaevich
Member of the Audit Commission4.7yrsno datano data
Dubov Yuryevich
Director4.3yrsno datano data
Irina Shagina
Director0yrsno datano data
Medvedev Alekseevna
Member of the Audit Commission0yrsno datano data
Malyshev Vladimirovich
Member of the Audit Commission0yrsno datano data
Yerandina Stanislavovna
Member of the Audit Commission0yrsno datano data

4.7yrs

Average Tenure

40yo

Average Age

Experienced Board: TORS's board of directors are considered experienced (4.7 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

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: ₽1.795b
  • 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 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/18 21:53
End of Day Share Price2020/02/18 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.