PAO TMK manufactures, sells, and exports steel pipes for the oil and gas industry.
Undervalued average dividend payer.
Share Price & News
How has PAO TMK's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TMKX.Y's share price has been volatile over the past 3 months.
7 Day Return
US Energy Services
1 Year Return
US Energy Services
Return vs Industry: TMKX.Y exceeded the US Energy Services industry which returned -72.2% over the past year.
Return vs Market: TMKX.Y underperformed the US Market which returned -10.4% over the past year.
Price Volatility Vs. Market
How volatile is PAO TMK's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is PAO TMK undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TMKX.Y ($1.7) is trading below our estimate of fair value ($5.64)
Significantly Below Fair Value: TMKX.Y is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TMKX.Y is good value based on its PE Ratio (5x) compared to the Energy Services industry average (8.8x).
PE vs Market: TMKX.Y is good value based on its PE Ratio (5x) compared to the US market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: TMKX.Y is good value based on its PEG Ratio (0.1x)
Price to Book Ratio
PB vs Industry: TMKX.Y is overvalued based on its PB Ratio (0.6x) compared to the US Energy Services industry average (0.3x).
How is PAO TMK forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TMKX.Y's forecast earnings growth (41.2% per year) is above the savings rate (1.7%).
Earnings vs Market: TMKX.Y's earnings (41.2% per year) are forecast to grow faster than the US market (12.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TMKX.Y's revenue (0.6% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: TMKX.Y's revenue (0.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TMKX.Y's Return on Equity is forecast to be low in 3 years time (13.1%).
How has PAO TMK performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TMKX.Y has a large one-off loss of $105.9M impacting its December 31 2019 financial results.
Growing Profit Margin: TMKX.Y became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: TMKX.Y has become profitable over the past 5 years, growing earnings by 50.9% per year.
Accelerating Growth: TMKX.Y has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: TMKX.Y has become profitable in the last year, making it difficult to compare its past year earnings growth to the Energy Services industry (-34.4%).
Return on Equity
High ROE: TMKX.Y's Return on Equity (12%) is considered low.
How is PAO TMK's financial position?
Financial Position Analysis
Short Term Liabilities: TMKX.Y's short term assets ($3.4B) exceed its short term liabilities ($2.7B).
Long Term Liabilities: TMKX.Y's short term assets ($3.4B) exceed its long term liabilities ($2.1B).
Debt to Equity History and Analysis
Debt Level: TMKX.Y's debt to equity ratio (360.8%) is considered high.
Reducing Debt: TMKX.Y's debt to equity ratio has increased from 249.5% to 360.8% over the past 5 years.
Inventory Level: TMKX.Y has a high level of physical assets or inventory.
Debt Coverage by Assets: TMKX.Y's debt is covered by short term assets (assets are 1.1x debt).
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: TMKX.Y is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: TMKX.Y is profitable, therefore cash runway is not a concern.
What is PAO TMK's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TMKX.Y's dividend (6.34%) is higher than the bottom 25% of dividend payers in the US market (1.95%).
High Dividend: TMKX.Y's dividend (6.34%) is in the top 25% of dividend payers in the US market (5.4%)
Stability and Growth of Payments
Stable Dividend: TMKX.Y has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: TMKX.Y's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (37.2%), TMKX.Y's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TMKX.Y's dividends in 3 years are forecast to be well covered by earnings (26.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Igor Korytko (45yo)
Mr. Igor Korytko has been the Chief Executive Officer and Chairman of the Management Board at PAO TMK since June 22, 2019. Mr. Korytko was the Vice President for Efficiency Management at PAO TMK until June ...
|Chairman of the Management Board & CEO||0.67yr||no data||no data|
|Deputy CEO for Economy & Finance and Member of Management Board||12.83yrs||no data||0.0016% $8.2k|
|First Deputy CEO||12.67yrs||no data||0.00075% $3.8k|
|Senior VP||2.83yrs||no data||0.0015% $7.7k|
|Deputy CEO for Legal Issues & Member of Management Board||no data||no data||0.000070% $358.1|
|Member of Management Board||0.67yr||no data||no data|
|VP of Human Resources & Member of Management Board||no data||no data||no data|
|Chief Accounting Officer||10.17yrs||no data||no data|
|Head of Strategic Investment Analysis and Investor Relations||no data||no data||no data|
|Marketing Director||no data||no data||no data|
Experienced Management: TMKX.Y's management team is seasoned and experienced (6.5 years average tenure).
|Executive Director||15.17yrs||no data||0.0067% $34.3k|
|Non-Executive Director||4.67yrs||no data||no data|
|Independent Director||11.67yrs||no data||no data|
|Chairman||15.17yrs||no data||0.0063% $32.3k|
|Director||15.17yrs||no data||0.015% $76.9k|
|Director||2.67yrs||no data||no data|
|Independent Director||3.67yrs||no data||no data|
|Independent Director||1.67yrs||no data||no data|
|Director||0.67yr||no data||no data|
|Director||0.67yr||no data||no data|
Experienced Board: TMKX.Y's board of directors are considered experienced (4.2 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
PAO TMK's company bio, employee growth, exchange listings and data sources
- Name: PAO TMK
- Ticker: TMKX.Y
- Exchange: OTCPK
- Founded: 2001
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: US$511.524m
- Shares outstanding: 257.82m
- Website: https://www.tmk-group.com
- PAO TMK
- Building 2A
- 40/2a Pokrovka Street
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TMKS||LSE (London Stock Exchange)||Yes||GDR EACH REPR 4 ORD SHS 'REGS'||GB||USD||Oct 2006|
|N9E1||DB (Deutsche Boerse AG)||Yes||GDR EACH REPR 4 ORD SHS 'REGS'||DE||EUR||Oct 2006|
|TMKO.Y||OTCPK (Pink Sheets LLC)||Yes||GDR EACH REPR 4 ORD SHS 'REGS'||US||USD||Oct 2006|
|TRMK||MISX (Micex - Rts)||Ordinary Shares||RU||RUB||Nov 2006|
|TMKX.Y||OTCPK (Pink Sheets LLC)||SPONSORED ADR||US||USD||Jan 2010|
PAO TMK manufactures, sells, and exports steel pipes for the oil and gas industry. The company operates in three segments: Russia, Americas, and Europe. It offers seamless and welded threaded drill pipes, and casing and tubing that are used in drilling, equipping, and operating oil and gas wells; and oil and gas line pipes for intra-field to transport crude oil and natural gas from the field to oil refineries and storage facilities, as well as to shipment points and distribution nodes. The company also provides seamless industrial pipes for chemical, petrochemical, food, and nuclear industries, as well as for the production of steam boilers, bearings, and various machine parts and components; welded industrial pipes for engineering, construction, housing, and utilities sector; welded large diameter pipe for the construction of oil and gas trunk pipelines, oil field pipelines, general purpose pipelines, and pipelines for heat supply networks and nuclear power stations; and pipes with premium connections for oil and gas wells, including offshore, deep-sea, and the Far North locations, as well as for horizontal and directional wells. In addition, it offers oilfield services; and services in heat treating, protective coating, premium connections threading, warehousing, and pipe repairing. Further, it supplies scrap to steel plants, which includes collection, processing, and distribution of ferrous scrap and procurement services. The company also serves energy and machine-building, construction and municipal housing, shipbuilding, aviation and aerospace, and agriculture industries. PAO TMK was founded in 2001 and is based in Moscow, Russia. PAO TMK is a subsidiary of TMK Steel Limited.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/31 03:14|
|End of Day Share Price||2020/03/30 00:00|
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.