NYSE:MBT

Stock Analysis Report

Executive Summary

Mobile TeleSystems Public Joint Stock Company provides telecommunication services primarily in Russia, Ukraine, and Armenia.

Snowflake

Fundamentals

Established dividend payer and good value.


Similar Companies

Share Price & News

How has Mobile TeleSystems's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.7%

NYSE:MBT

0.9%

US Wireless Telecom

1.1%

US Market


1 Year Return

-1.3%

NYSE:MBT

6.3%

US Wireless Telecom

2.1%

US Market

MBT underperformed the Wireless Telecom industry which returned 7.6% over the past year.

MBT underperformed the Market in United States of America which returned 2% over the past year.


Share holder returns

MBTIndustryMarket
7 Day1.7%0.9%1.1%
30 Day9.1%2.2%3.7%
90 Day-4.1%-3.6%2.3%
1 Year5.3%-1.3%7.4%6.3%4.4%2.1%
3 Year39.4%8.5%40.8%35.2%47.0%37.4%
5 Year-27.6%-50.4%39.0%25.2%61.6%43.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Mobile TeleSystems undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Mobile TeleSystems's share price is below the future cash flow value, and at a moderate discount (> 20%).

Mobile TeleSystems's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Mobile TeleSystems is good value based on earnings compared to the US Wireless Telecom industry average.

Mobile TeleSystems is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Mobile TeleSystems is poor value based on expected growth next year.


Price Based on Value of Assets

Mobile TeleSystems is overvalued based on assets compared to the US Wireless Telecom industry average.


Next Steps

Future Growth

How is Mobile TeleSystems expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

6.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Mobile TeleSystems's revenue is expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).

Mobile TeleSystems's earnings are expected to grow by 6.1% yearly, however this is not considered high growth (20% yearly).

Mobile TeleSystems's revenue growth is positive but not above the United States of America market average.

Mobile TeleSystems's earnings growth is positive but not above the United States of America market average.

Mobile TeleSystems's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Mobile TeleSystems is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).


Next Steps

Past Performance

How has Mobile TeleSystems performed over the past 5 years?

2.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Mobile TeleSystems's year on year earnings growth rate has been positive over the past 5 years.

Mobile TeleSystems's 1-year earnings growth exceeds its 5-year average (7.7% vs 2.6%)

Mobile TeleSystems's earnings growth has not exceeded the US Wireless Telecom industry average in the past year (7.7% vs 7.7%).


Return on Equity

Whilst Mobile TeleSystems made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.


Return on Assets

Mobile TeleSystems used its assets more efficiently than the US Wireless Telecom industry average last year based on Return on Assets.


Return on Capital Employed

Mobile TeleSystems's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Mobile TeleSystems's financial position?


Financial Position Analysis

Mobile TeleSystems's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Mobile TeleSystems's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Mobile TeleSystems's level of debt (930%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (145.9% vs 930% today).

Debt is well covered by operating cash flow (23.7%, greater than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 3x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.5x debt.


Next Steps

Dividend

What is Mobile TeleSystems's current dividend yield, its reliability and sustainability?

10.54%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Mobile TeleSystems's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).

Mobile TeleSystems's dividend is above the markets top 25% of dividend payers in United States of America (3.67%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.2x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.5x coverage).


Next Steps

Management

What is the CEO of Mobile TeleSystems's salary, the management and board of directors tenure and is there insider trading?

1.4yrs

Average management tenure


CEO

Alexey Kornya (44yo)

1.5yrs

Tenure

0

Mr. Alexey Valerievich Kornya has been the Chairman of the Management Board, President and Chief Executive Officer of Public Joint-Stock Company Mobile TeleSystems since March 2018 and has been its Member  ...


Management Age and Tenure

1.4yrs

Average Tenure

45yo

Average Age

The average tenure for the Mobile TeleSystems management team is less than 2 years, this suggests a new team.


Board Age and Tenure

4.5yrs

Average Tenure

51yo

Average Age

The tenure for the Mobile TeleSystems board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Alexander Gorbunov (52yo)

    VP of Strategy & Development and Member of Management Board

    • Tenure: 1.4yrs
  • Alexey Kornya (44yo)

    Chairman of the Management Board

    • Tenure: 1.5yrs
  • Andrey Ushatsky (45yo)

    • Tenure: 6.4yrs
  • Valery Shorzhin (56yo)

    VP of Cloud & Digital Business Solutions and Member of Management Board

    • Tenure: 5.5yrs
  • Ilya Filatov (43yo)

    VP for Financial Services & Member of the Management board

    • Tenure: 0.08yrs
  • Vyacheslav Nikolaev (47yo)

    First VP for Customer Experience & Marketing and Member of Management Board

    • Tenure: 2.2yrs
  • Inessa Galaktionova (45yo)

    First VP for Telecommunications & Member of Management Board

    • Tenure: 0.6yrs
  • Maria Golyandrina (33yo)

    VP of Human Resources & Member of the Management Board

    • Tenure: 0.9yrs
  • Andrey Kamensky (47yo)

    VP of Finance

    • Tenure: 1.4yrs
  • Dmitry Khomchenko

    VP for Information Technology & Member of Management Board

    • Tenure: 0.08yrs

Board Members

  • Ron Sommer (70yo)

    Chairman of the Board

    • Tenure: 10.3yrs
  • Thomas Holtrop (65yo)

    Non-Executive Independent Director

    • Tenure: 6.6yrs
  • Stan Miller (61yo)

    Non-Executive Independent Director

    • Tenure: 9.3yrs
  • Vsevolod Rozanov (48yo)

    Deputy Chairman of the Board

    • Tenure: 4.7yrs
  • Alexey Kornya (44yo)

    Chairman of the Management Board

    • Tenure: 1.5yrs
  • Maxim Mamonov (41yo)

    Director of Internal Control & Audit and Member of Auditing Commission

    • Tenure: 0yrs
  • Regina von Flemming (54yo)

    Non-Executive Independent Director

    • Tenure: 4.3yrs
  • Artem Zasursky (40yo)

    Non-Executive Director

    • Tenure: 2.3yrs
  • Alexey Katkov (42yo)

    Non-Executive Director

    • Tenure: 1.3yrs
  • Wolfgang Schüssel (74yo)

    Independent Director

    • Tenure: 1.3yrs

Company Information

Mobile TeleSystems Public Joint Stock Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mobile TeleSystems Public Joint Stock Company
  • Ticker: MBT
  • Exchange: NYSE
  • Founded: 1993
  • Industry: Wireless Telecommunication Services
  • Sector: Telecom
  • Market Cap: US$7.437b
  • Shares outstanding: 886.42m
  • Website: https://ir.mts.ru/home/default.aspx

Number of Employees


Location

  • Mobile TeleSystems Public Joint Stock Company
  • Building 2
  • 5 Vorontsovskaya Street
  • Moscow
  • 109147
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MBTNYSE (New York Stock Exchange)YesADR EACH REP 2 COM SHS SPONSUSUSDJun 2000
MKYDB (Deutsche Boerse AG)YesADR EACH REP 2 COM SHS SPONSDEEURJun 2000
MBT NBMV (Bolsa Mexicana de Valores)YesADR EACH REP 2 COM SHS SPONSMXMXNJun 2000
MTSSMISX (Micex - Rts)Common StockRURUBDec 2004

Biography

Mobile TeleSystems Public Joint Stock Company provides telecommunication services primarily in Russia, Ukraine, and Armenia. It operates through Russia Convergent, Moscow Fixed Line, Ukraine, and MTS Bank  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/16 23:37
End of Day Share Price2019/09/16 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.