NYSE:MBT

Stock Analysis Report

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Executive Summary

Mobile TeleSystems Public Joint Stock Company provides telecommunication services primarily in Russia. More Details


Snowflake Analysis

Average dividend payer and fair 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

Stable Share Price: MBT has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.7%

MBT

-3.1%

US Wireless Telecom

-3.3%

US Market


1 Year Return

5.7%

MBT

27.4%

US Wireless Telecom

10.9%

US Market

Return vs Industry: MBT underperformed the US Wireless Telecom industry which returned 27.4% over the past year.

Return vs Market: MBT underperformed the US Market which returned 10.9% over the past year.


Shareholder returns

MBTIndustryMarket
7 Day-3.7%-3.1%-3.3%
30 Day-10.3%-6.4%-5.7%
90 Day-5.9%2.7%8.2%
1 Year18.2%5.7%27.9%27.4%13.4%10.9%
3 Year9.0%-16.9%50.2%46.7%34.9%25.9%
5 Year85.4%21.9%118.9%108.9%84.6%63.8%

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 compared to its fair value and its price relative to the market?

1.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MBT ($8.68) is trading below our estimate of fair value ($8.78)

Significantly Below Fair Value: MBT is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: MBT is good value based on its PE Ratio (11.1x) compared to the US Wireless Telecom industry average (22x).

PE vs Market: MBT is good value based on its PE Ratio (11.1x) compared to the US market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: MBT is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: MBT is overvalued based on its PB Ratio (21.7x) compared to the US Wireless Telecom industry average (2.4x).


Next Steps

Future Growth

How is Mobile TeleSystems forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

7.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MBT's forecast earnings growth (7.8% per year) is above the savings rate (2.2%).

Earnings vs Market: MBT's earnings (7.8% per year) are forecast to grow slower than the US market (23% per year).

High Growth Earnings: MBT's earnings are forecast to grow, but not significantly.

Revenue vs Market: MBT's revenue (3.3% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: MBT's revenue (3.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MBT's Return on Equity is forecast to be very high in 3 years time (128.6%).


Next Steps

Past Performance

How has Mobile TeleSystems performed over the past 5 years?

3.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MBT has high quality earnings.

Growing Profit Margin: MBT's current net profit margins (10.9%) are lower than last year (12.2%).


Past Earnings Growth Analysis

Earnings Trend: MBT's earnings have grown by 3.6% per year over the past 5 years.

Accelerating Growth: MBT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MBT had negative earnings growth (-3.9%) over the past year, making it difficult to compare to the Wireless Telecom industry average (14.3%).


Return on Equity

High ROE: Whilst MBT's Return on Equity (175.52%) is outstanding, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Mobile TeleSystems's financial position?


Financial Position Analysis

Short Term Liabilities: MBT's short term assets (RUB269.1B) do not cover its short term liabilities (RUB309.3B).

Long Term Liabilities: MBT's short term assets (RUB269.1B) do not cover its long term liabilities (RUB562.4B).


Debt to Equity History and Analysis

Debt Level: MBT's debt to equity ratio (1327.5%) is considered high.

Reducing Debt: MBT's debt to equity ratio has increased from 198.2% to 1327.5% over the past 5 years.

Debt Coverage: MBT's debt is well covered by operating cash flow (40.7%).

Interest Coverage: MBT's interest payments on its debt are well covered by EBIT (3x coverage).


Balance Sheet


Next Steps

Dividend

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

8.89%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MBT's dividend (8.89%) is higher than the bottom 25% of dividend payers in the US market (1.75%).

High Dividend: MBT's dividend (8.89%) is in the top 25% of dividend payers in the US market (5.03%)


Stability and Growth of Payments

Stable Dividend: MBT's dividend payments have been volatile in the past 10 years.

Growing Dividend: MBT's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (98.3%), MBT's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MBT's dividends in 3 years are forecast to be covered by earnings (81.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.6yrs

Average management tenure


CEO

Alexey Kornya (45 yo)

2.5yrs

Tenure

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 ...


Leadership Team

NamePositionTenureCompensationOwnership
Alexey Kornya
Chairman of the Management Board2.5yrsno data0.025%
RUB 1.9m
Andrey Kamensky
CFO, VP of Finance & Member of Management Board2.42yrsno datano data
Alexander Gorbunov
VP of Strategy & Development and Member of the Management Board2.42yrsno datano data
Ruslan Ibragimov
VP of Government Relations & PR and Member of the Management Board13.42yrsno data0.017%
RUB 1.3m
Vyacheslav Nikolaev
First VP of Client Experience3.17yrsno data0.0017%
RUB 130.4k
Inessa Galaktionova
First VP of Telecommunications & Member of the Management Board1.58yrsno datano data
Ilya Filatov
VP of Financial Services & Member of the Management board1.08yrsno data0.0010%
RUB 80.1k
Dmitry Khomchenko
VP of Information Technology & Member of the Management Board1.08yrsno data0.0070%
RUB 537.5k
Igor Mishin
VP of Media & Member of the Management Board1yrno datano data
Tatyana Chernysheva
VP of Human Resources & Member of the Management Board0.83yrno datano data
Dmitry Khalin
VP of Cloud & Digital Solutions and Member of the Management Boardno datano datano data
Sergey Belyakov
Member of Management Board0.67yrno datano data

1.6yrs

Average Tenure

48yo

Average Age

Experienced Management: MBT's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Alexey Kornya
Chairman of the Management Board2.5yrsno data0.025%
RUB 1.9m
Maxim Mamonov
Director of Internal Control & Audit and Member of Auditing Commissionno datano data0.011%
RUB 806.6k
Nadia Shouraboura
Independent Director0.25yrno datano data
Thomas Holtrop
Non-Executive Independent Director7.58yrsno data0.0018%
RUB 134.9k
Irina Borisenkova
Member of Auditing Commissionno datano datano data
Evtushenkov Vladimirovich
Chairman of the Board of Directors1.25yrsno datano data
Shaygan Kheradpir
Independent Director0.25yrno datano data
Regina Dagmar von Flemming
Non-Executive Independent Director5.25yrsno data0.0022%
RUB 168.5k
Konstantin Ernst
Independent Director0.25yrno datano data
Artem Zassoursky
Non-Executive Director3.25yrsno datano data
Andrey Poroh
Member of Auditing Commissionno datano datano data
Valentin Yumashev
Non-Executive Independent Director1.25yrsno data0.0010%
RUB 80.1k

1.3yrs

Average Tenure

52yo

Average Age

Experienced Board: MBT's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


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

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$7.624b
  • Shares outstanding: 878.34m
  • Website: https://ir.mts.ru/home/default.aspx

Number of Employees


Location

  • Mobile TeleSystems Public Joint Stock Company
  • Building 4
  • Vorontsovskaya street
  • Moscow
  • 109147
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MBTNYSE (New York Stock Exchange)YesSPONSORED ADRUSUSDJun 2000
MKYDB (Deutsche Boerse AG)YesSPONSORED ADRDEEURJun 2000
MBT NBMV (Bolsa Mexicana de Valores)YesSPONSORED ADRMXMXNJun 2000
0K22LSE (London Stock Exchange)YesSPONSORED ADRGBUSDJun 2000
MTSSMISX (Micex - Rts)Common StockRURUBDec 2004
MBTBASE (Buenos Aires Stock Exchange)EACH CEDEAR REP 0.5 ADRARARSAug 2007

Biography

Mobile TeleSystems Public Joint Stock Company provides telecommunication services primarily in Russia. It offers voice and data transmission, Internet access, pay TV, and value added services through wirel ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/25 05:33
End of Day Share Price2020/09/24 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.