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PJSC PhosAgro

OTCPK:PHOJ.Y
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PHOJ.Y
OTCPK
RUB333B
Market Cap
  1. Home
  2. US
  3. Materials
Company description

PJSC PhosAgro, together with its subsidiaries, engages in the production and distribution of apatite concentrate and mineral fertilizers in Russia and internationally. The last earnings update was 64 days ago. More info.


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PHOJ.Y Share Price and Events
7 Day Returns
0%
OTCPK:PHOJ.Y
1.8%
US Chemicals
0.7%
US Market
1 Year Returns
-24.4%
OTCPK:PHOJ.Y
-16%
US Chemicals
-8.1%
US Market
PHOJ.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PJSC PhosAgro (PHOJ.Y) 0% 0% 0% -24.4% - -
US Chemicals 1.8% 9.1% 2.4% -16% 41.4% 21.3%
US Market 0.7% 10.2% -1% -8.1% 38.8% 38.9%
1 Year Return vs Industry and Market
  • PHOJ.Y underperformed the Chemicals industry which returned -16% over the past year.
  • PHOJ.Y underperformed the Market in United States of America which returned -8.1% over the past year.
Price Volatility
PHOJ.Y
Industry
5yr Volatility vs Market
Related Companies

Value

 Is PJSC PhosAgro 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 PJSC PhosAgro 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 PJSC PhosAgro.

OTCPK:PHOJ.Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 OTCPK:PHOJ.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.3%
Chemicals Unlevered Beta Simply Wall St/ S&P Global 1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.999 (1 + (1- 20%) (39.93%))
1.318
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.32
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.318 * 7.27%)
12.31%

Discounted Cash Flow Calculation for OTCPK:PHOJ.Y using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for PJSC PhosAgro is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:PHOJ.Y DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (RUB, Millions) 35,160.36 38,810.31 43,910.30 49,680.46 56,208.88
Source Analyst x4 Analyst x4 Est @ 13.14% Est @ 13.14% Est @ 13.14%
Present Value
Discounted (@ 12.31%)
31,306.09 30,767.91 30,995.07 31,223.91 31,454.44
Present value of next 5 years cash flows RUB155,747.41
OTCPK:PHOJ.Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= RUB56,208.88 × (1 + 2.73%) ÷ (12.31% – 2.73%)
RUB602,649.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= RUB602,649.00 ÷ (1 + 12.31%)5
RUB337,241.87
OTCPK:PHOJ.Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= RUB155,747.41 + RUB337,241.87
RUB492,989.28
Equity Value per Share
(RUB)
= Total value / Shares Outstanding
= RUB492,989.28 / 129.50
RUB18.35
OTCPK:PHOJ.Y Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:PHOJ.Y represents 0.00482x of MISX:PHOR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00482x
Value per Share
(Listing Adjusted, USD)
= Value per Share (RUB) x Listing Adjustment Factor
= RUB 3,806.87 x 0.00482
$18.35
Value per share (USD) From above. $18.35
Current discount Discount to share price of $12.42
= -1 x ($12.42 - $18.35) / $18.35
32.3%

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

Current Discount
Amount off the current price PJSC PhosAgro is available for.
Intrinsic value
32%
Share price is $12.42 vs Future cash flow value of $18.35
Current Discount Checks
For PJSC PhosAgro to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • PJSC PhosAgro's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • PJSC PhosAgro'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 PJSC PhosAgro's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PJSC PhosAgro's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:PHOJ.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in RUB RUB168.58
MISX:PHOR Share Price ** MISX (2018-10-26) in RUB RUB2577
United States of America Chemicals Industry PE Ratio Median Figure of 60 Publicly-Listed Chemicals Companies 19.22x
United States of America Market PE Ratio Median Figure of 3,026 Publicly-Listed Companies 16.96x

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

** Primary Listing of PJSC PhosAgro.

OTCPK:PHOJ.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 2577 ÷ 168.58

15.29x

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

  • PJSC PhosAgro is good value based on earnings compared to the US Chemicals industry average.
  • PJSC PhosAgro is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does PJSC PhosAgro's expected growth come at a high price?
Raw Data
OTCPK:PHOJ.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
7.1%per year
United States of America Chemicals Industry PEG Ratio Median Figure of 43 Publicly-Listed Chemicals Companies 1.3x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.26x

*Line of best fit is calculated by linear regression .

OTCPK:PHOJ.Y PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.29x ÷ 7.1%

2.14x

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

  • PJSC PhosAgro is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on PJSC PhosAgro's assets?
Raw Data
OTCPK:PHOJ.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in RUB RUB851.46
MISX:PHOR Share Price * MISX (2018-10-26) in RUB RUB2577
United States of America Chemicals Industry PB Ratio Median Figure of 91 Publicly-Listed Chemicals Companies 2.12x
United States of America Market PB Ratio Median Figure of 5,102 Publicly-Listed Companies 1.75x
OTCPK:PHOJ.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2577 ÷ 851.46

3.03x

* Primary Listing of PJSC PhosAgro.

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

  • PJSC PhosAgro is overvalued based on assets compared to the US Chemicals industry average.
X
Value checks
We assess PJSC PhosAgro'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 Chemicals 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 Chemicals industry average (and greater than 0)? (1 check)
  5. PJSC PhosAgro 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 PJSC PhosAgro expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

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
7.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PJSC PhosAgro expected to grow at an attractive rate?
  • PJSC PhosAgro's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • PJSC PhosAgro's earnings growth is positive but not above the United States of America market average.
  • PJSC PhosAgro's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:PHOJ.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:PHOJ.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 7.1%
OTCPK:PHOJ.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 4.7%
United States of America Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 19.6%
United States of America Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.6%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*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
OTCPK:PHOJ.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in RUB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:PHOJ.Y Future Estimates Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 279,599 50,358 1
2021-12-31 269,415 46,650 1
2020-12-31 261,584 65,254 45,653 7
2019-12-31 250,033 65,375 43,810 8
2018-12-31 237,335 59,325 44,366 8
OTCPK:PHOJ.Y Past Financials Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income *
2018-09-30 219,804 52,977 21,831
2018-06-30 203,478 40,261 21,407
2018-03-31 191,575 33,419 19,935
2017-12-31 181,351 29,995 25,333
2017-09-30 175,708 27,333 32,447
2017-06-30 174,814 37,086 37,509
2017-03-31 176,067 38,870 49,520
2016-12-31 187,742 50,361 59,884
2016-09-30 195,039 61,867 53,402
2016-06-30 198,549 60,137 44,860
2016-03-31 195,779 65,489 44,905
2015-12-31 189,732 63,261 36,442

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • PJSC PhosAgro's earnings are expected to grow by 7.1% yearly, however this is not considered high growth (20% yearly).
  • PJSC PhosAgro's revenue is expected to grow by 4.7% 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
OTCPK:PHOJ.Y 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 8 Analyst Estimates (S&P Global) See Below

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

OTCPK:PHOJ.Y Future Estimates Data
Date (Data in RUB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 388.90 388.90 388.90 1.00
2021-12-31 360.23 360.23 360.23 1.00
2020-12-31 329.03 329.03 329.03 1.00
2019-12-31 345.23 345.23 345.23 1.00
2018-12-31 341.48 341.48 341.48 1.00
OTCPK:PHOJ.Y Past Financials Data
Date (Data in RUB Millions) EPS *
2018-09-30 168.58
2018-06-30 165.31
2018-03-31 153.94
2017-12-31 195.62
2017-09-30 250.56
2017-06-30 289.64
2017-03-31 382.39
2016-12-31 462.42
2016-09-30 412.37
2016-06-30 346.41
2016-03-31 346.76
2015-12-31 281.41

*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.
  • PJSC PhosAgro is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess PJSC PhosAgro'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
PJSC PhosAgro 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.

Past Performance

  How has PJSC PhosAgro 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 PJSC PhosAgro's growth in the last year to its industry (Chemicals).
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.
  • PJSC PhosAgro has delivered over 20% year on year earnings growth in the past 5 years.
  • PJSC PhosAgro's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • PJSC PhosAgro's 1-year earnings growth is negative, it can't be compared to the US Chemicals industry average.
Earnings and Revenue History
PJSC PhosAgro'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 PJSC PhosAgro Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:PHOJ.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in RUB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 219,804.00 21,831.00 46,445.00
2018-06-30 203,478.00 21,407.00 43,840.00
2018-03-31 191,575.00 19,935.00 41,656.00
2017-12-31 181,351.00 25,333.00 39,128.00
2017-09-30 175,708.00 32,447.00 36,930.00
2017-06-30 174,814.00 37,509.00 35,138.00
2017-03-31 176,067.00 49,520.00 34,338.00
2016-12-31 187,742.00 59,884.00 33,367.00
2016-09-30 195,039.00 53,402.00 32,305.00
2016-06-30 198,549.00 44,860.00 32,371.00
2016-03-31 195,779.00 44,905.00 31,016.00
2015-12-31 189,732.00 36,442.00 29,935.00
2015-09-30 178,666.00 11,898.00 28,415.00
2015-06-30 159,654.00 6,217.00 26,444.00
2015-03-31 143,734.00 -1,337.00 24,425.00
2014-12-31 123,124.00 -13,641.00 22,180.00
2014-09-30 110,048.00 5,494.00 19,919.00
2014-06-30 107,553.00 11,284.00 19,100.00
2014-03-31 105,080.00 6,325.00 17,897.00
2013-12-31 104,566.00 7,387.00 16,758.00
2013-09-30 107,342.00 12,648.00 15,655.00
2013-06-30 108,659.00 16,134.00 15,208.00
2013-03-31 108,287.00 17,047.00 14,951.00
2012-12-31 105,303.00 20,654.00 14,341.00
2012-09-30 106,088.00 21,888.00 14,023.00
2012-06-30 102,113.00 17,720.00 13,486.00
2012-03-31 101,950.00 21,126.00 13,210.00

*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.
  • PJSC PhosAgro has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • PJSC PhosAgro used its assets more efficiently than the US Chemicals industry average last year based on Return on Assets.
  • PJSC PhosAgro's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess PJSC PhosAgro'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 Chemicals 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.
PJSC PhosAgro has a total score of 2/6, 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 PJSC PhosAgro'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 PJSC PhosAgro's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PJSC PhosAgro is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • PJSC PhosAgro's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of PJSC PhosAgro'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 not covered by short term assets, assets are 0.5x 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 PJSC PhosAgro Company Filings, last reported 3 months ago.

OTCPK:PHOJ.Y Past Debt and Equity Data
Date (Data in RUB Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 110,448.00 132,783.00 12,297.00
2018-06-30 104,851.00 126,370.00 3,849.00
2018-03-31 102,742.00 123,984.00 4,264.00
2017-12-31 98,242.00 122,676.00 3,043.00
2017-09-30 97,236.00 115,183.00 8,146.00
2017-06-30 92,783.00 119,415.00 12,310.00
2017-03-31 94,769.00 114,995.00 13,031.00
2016-12-31 88,421.00 112,376.00 10,543.00
2016-09-30 82,391.00 118,279.00 26,994.00
2016-06-30 78,842.00 123,406.00 30,294.00
2016-03-31 73,490.00 122,939.00 30,908.00
2015-12-31 60,198.00 134,512.00 34,249.00
2015-09-30 61,089.00 123,239.00 27,343.00
2015-06-30 61,044.00 107,919.00 31,385.00
2015-03-31 50,398.00 127,974.00 40,583.00
2014-12-31 35,981.00 123,824.00 32,343.00
2014-09-30 55,311.00 73,312.00 22,523.00
2014-06-30 59,000.00 60,490.00 16,480.00
2014-03-31 61,422.00 62,162.00 18,582.00
2013-12-31 59,326.00 52,756.00 10,611.00
2013-09-30 61,771.00 48,516.00 10,608.00
2013-06-30 61,659.00 48,498.00 19,257.00
2013-03-31 59,343.00 54,492.00 19,120.00
2012-12-31 61,875.00 36,469.00 10,497.00
2012-09-30 69,626.00 35,741.00 26,315.00
2012-06-30 67,400.00 37,541.00 23,685.00
2012-03-31 68,810.00 31,851.00 24,358.00
  • PJSC PhosAgro's level of debt (120.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (78.7% vs 120.2% today).
  • Debt is well covered by operating cash flow (39.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.2x coverage).
X
Financial health checks
We assess PJSC PhosAgro'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. PJSC PhosAgro 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.

Dividends

 What is PJSC PhosAgro'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
3.14%
Current annual income from PJSC PhosAgro dividends. Estimated to be 5.65% next year.
If you bought $2,000 of PJSC PhosAgro shares you are expected to receive $63 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?
  • PJSC PhosAgro's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.48%).
  • PJSC PhosAgro's dividend is below the markets top 25% of dividend payers in United States of America (3.73%).
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
OTCPK:PHOJ.Y 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 8 Analyst Estimates (S&P Global) See Below
United States of America Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 51 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1986 Stocks 2.6%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

OTCPK:PHOJ.Y Future Dividends Estimate Data
Date (Data in RUB) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 159.12 1.00
2021-12-31 147.40 1.00
2020-12-31 134.61 1.00
2019-12-31 141.24 1.00
2018-12-31 139.70 1.00
OTCPK:PHOJ.Y Past Annualized Dividends Data
Date (Data in RUB) Dividend per share (annual) Avg. Yield (%)
2018-03-20 81.000 3.337
2017-05-30 165.000 6.880
2016-04-04 225.000 8.756
2015-11-16 252.000 9.124
2015-08-17 228.000 8.370
2015-05-29 192.000 8.469
2014-11-18 64.300 3.314
2014-08-19 44.300 3.313
2014-04-16 34.750 2.766
2013-06-11 82.900 7.907
2012-11-27 63.000 4.966
2012-04-30 88.535 7.778
2012-04-23 88.535 9.892
2011-12-06 50.000 5.673
2011-07-13 230.400 20.949

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

  • PJSC PhosAgro has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • PJSC PhosAgro has only been paying a dividend for 8 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of PJSC PhosAgro's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
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 PJSC PhosAgro's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 PJSC PhosAgro afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PJSC PhosAgro has a total score of 1/6, 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 PJSC PhosAgro'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
Andrey Guryev
AGE 36
TENURE AS CEO 5.4 years
CEO Bio

Mr. Andrey Andreevich Guryev is a Co-Founder of Carranita Holdings Limited. Mr. Guryev serves as the Chairman of Management Board at OJSC PhosAgro and has been its Chief Executive Officer since August 1, 2013. Mr. Guryev served as Deputy Chief Executive Officer of Sales and Logistics at OJSC PhosAgro since 2011. From 2010 to 2011, Mr. Guryev served as First Deputy Chief Executive Officer at OJSC PhosAgro. He served as Trader at CJSC PhosAgro AG from 2008 to 2011; Chief Executive Officer of LLC Apsis Globe from 2008 to 2010; Export Sales Manager for Fertilisers, CJSC PhosAgro AG from 2006 to 2008; Economist at the Consolidation Department, OJSC PhosAgro from 2005 to 2006; Economist at the Clearing Department, the Department of Planning and Methodology, the Department of Planning and Accounting Methodology, CJSC PhosAgro AG from 2004 to 2005; and Chief Specialist at the Department of Project Preparation, OJSC Federal Centre for Project Finance from 2003 to 2004. He has been Executive Director of OJSC PhosAgro since 2013. He served as the Chairman of OJSC PhosAgro from May 2013 to June 2013. Mr. Guryev has Bachelor degree in Economics from University of Greenwich (UK), Graduate degree from the Russian Presidential Academy of National Economy and Public Administration (Russia) and PhD degree in Economics from St. Petersburg State Mining University (Russia).

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

Average tenure and age of the PJSC PhosAgro management team in years:

1
Average Tenure
43
Average Age
  • The average tenure for the PJSC PhosAgro management team is less than 2 years, this suggests a new team.
Management Team

Andrey Guryev

TITLE
Chairman of the Management Board
AGE
36
TENURE
5.4 yrs

Alexander Sharabaika

TITLE
CFO & Member of Management Board
AGE
41
TENURE
7 yrs

Roman Osipov

TITLE
Member of Management Board
AGE
47
TENURE
0.8 yrs

Alexei Sirotenko

TITLE
Deputy CEO of Corporate & Legal Affairs and Member of Management Board
AGE
49

Mikhail Rybnikov

TITLE
First Deputy CEO
AGE
43

Siroj Loikov

TITLE
Deputy CEO & Member of Management Board
AGE
46
TENURE
0.8 yrs

Alexander Gilgenberg

TITLE
Member of Management Board & First Deputy CEO of Apatit
AGE
38
TENURE
1 yrs

E. Valenkova

TITLE
Chief Accountant

Alexander Seleznev

TITLE
Head of Investor Relations Department

Timur Belov

TITLE
Press Officer
Board of Directors Tenure

Average tenure and age of the PJSC PhosAgro board of directors in years:

3.5
Average Tenure
57
Average Age
  • The tenure for the PJSC PhosAgro board of directors is about average.
Board of Directors

Sven Ombudstvedt

TITLE
Chairman of the Board
AGE
52
TENURE
7.7 yrs

Andrey Guryev

TITLE
Chairman of the Management Board
AGE
36
TENURE
5.6 yrs

Andrey Guryev

TITLE
Deputy Chairman of the Board
AGE
58
TENURE
5.6 yrs

Mikhail Rybnikov

TITLE
First Deputy CEO
AGE
43
TENURE
2.6 yrs

Marcus Rhodes

TITLE
Independent Director
AGE
57
TENURE
7.7 yrs

Jim Rogers

TITLE
Independent Director
AGE
76
TENURE
4.3 yrs

Xavier Rolet

TITLE
Independent Director
AGE
58
TENURE
0.7 yrs

Natalia Pashkevich

TITLE
Independent Director
AGE
79
TENURE
1.3 yrs

Andrey Sharonov

TITLE
Independent Director
AGE
54
TENURE
1.3 yrs

Irina Bokova

TITLE
Independent Director
TENURE
0.9 yrs
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 ($) Value ($)
X
Management checks
We assess PJSC PhosAgro'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. PJSC PhosAgro 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

Company Info

Map
Description

PJSC PhosAgro, together with its subsidiaries, engages in the production and distribution of apatite concentrate and mineral fertilizers in Russia and internationally. It operates in two segments, Phosphate-Based Products and Nitrogen-Based Products. The Phosphate-Based Products segment produces ammophos, diammoniumphosphate, sodium tripoly phosphate, and other phosphate based and complex fertilizers; and apatite concentrate extracted from the apatite-nepheline ore. The Nitrogen-Based Products segment is involved in the production and distribution of ammonia, ammonium nitrate, and urea. The company also offers feed phosphates; phosphate rock, nepheline concentrate, titanomagnetite concentrate, syenite alumino alkaline concentrate, aegirine concentrate, and titenite concentrate; by-products, such as ammonia solution, nitric acid, sodiumsilicofluoride, sulphuric acid, and oleum; and sodium tripolyphosphate. PJSC PhosAgro is based in Moscow, Russia.

Details
Name: PJSC PhosAgro
PHOJ.Y
Exchange: OTCPK
Founded:
RUB5,006,043,874
129,500,000
Website: http://www.phosagro.com
Address: PJSC PhosAgro
Building 1,
Leninsky prospekt 55/1,
Moscow,
119333,
Russia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
MISX PHOR Ordinary Shares Micex - Rts RU RUB 13. Jul 2011
LSE PHOR GDR EACH REPR 1/3 ORD REG'S SPON London Stock Exchange GB USD 13. Jul 2011
OTCPK PHOJ.Y GDR EACH REPR 1/3 ORD REG'S SPON Pink Sheets LLC US USD 13. Jul 2011
DB P6SG GDR EACH REPR 1/3 ORD REG'S SPON Deutsche Boerse AG DE EUR 13. Jul 2011
WBAG PHOR GDR EACH REPR 1/3 ORD REG'S SPON Wiener Boerse AG AT EUR 13. Jul 2011
BATS-CHIXE PHORL GDR EACH REPR 1/3 ORD REG'S SPON BATS 'Chi-X Europe' GB USD 13. Jul 2011
Number of employees
Current staff
Staff numbers
0
PJSC PhosAgro employees.
Industry
Fertilizers and Agricultural Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/01/24 00:21
End of day share price update: 2018/10/26 00:00
Last estimates confirmation: 2019/01/22
Last earnings filing: 2018/11/21
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.