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Mobile TeleSystems

NYSE:MBT
Snowflake Description

Established dividend payer and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MBT
NYSE
$7B
Market Cap
  1. Home
  2. US
  3. Telecom
Company description

Public Joint-Stock Company Mobile TeleSystems provides telecommunication services in Russia, Ukraine, Turkmenistan, and Armenia. The last earnings update was 1 day ago. More info.


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MBT Share Price and Events
7 Day Returns
-0.1%
NYSE:MBT
0.9%
US Wireless Telecom
1.2%
US Market
1 Year Returns
-31%
NYSE:MBT
9.6%
US Wireless Telecom
3%
US Market
MBT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mobile TeleSystems (MBT) -0.1% 2.8% 9.1% -31% 4.7% -53.3%
US Wireless Telecom 0.9% -0.6% 8.3% 9.6% 60% 2.8%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • MBT underperformed the Wireless Telecom industry which returned 9.6% over the past year.
  • MBT underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
MBT
Industry
5yr Volatility vs Market

MBT Value

 Is Mobile TeleSystems 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 Mobile TeleSystems 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 Mobile TeleSystems.

NYSE:MBT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.3%
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 NYSE:MBT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 9.4%
Wireless Telecom Unlevered Beta Simply Wall St/ S&P Global 0.37
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.369 (1 + (1- 20%) (113.16%))
0.801
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.801 * 9.43%)
10.28%

Discounted Cash Flow Calculation for NYSE:MBT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Mobile TeleSystems is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:MBT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (RUB, Millions) Source Present Value
Discounted (@ 10.28%)
2019 70,042.50 Analyst x6 63,513.13
2020 73,960.20 Analyst x5 60,813.76
2021 99,401.00 Analyst x2 74,113.35
2022 118,944.00 Analyst x1 80,417.42
2023 121,711.00 Analyst x1 74,617.27
2024 124,668.28 Est @ 2.43% 69,305.45
2025 127,809.71 Est @ 2.52% 64,428.38
2026 131,110.89 Est @ 2.58% 59,931.34
2027 134,555.19 Est @ 2.63% 55,772.18
2028 138,131.55 Est @ 2.66% 51,917.28
Present value of next 10 years cash flows RUB654,829.57
NYSE:MBT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= RUB138,131.55 × (1 + 2.73%) ÷ (10.28% – 2.73%)
RUB1,879,419.29
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= RUB1,879,419.29 ÷ (1 + 10.28%)10
RUB706,387.04
NYSE:MBT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= RUB654,829.57 + RUB706,387.04
RUB1,361,216.61
Equity Value per Share
(RUB)
= Total value / Shares Outstanding
= RUB1,361,216.61 / 904.34
RUB1505.21
NYSE:MBT Discount to Share Price
Calculation Result
Exchange Rate RUB/USD
(Reporting currency to currency of NYSE:MBT)
0.016
Value per Share
(USD)
= Value per Share in RUB x Exchange Rate (RUB/USD)
= RUB1505.21 x 0.016
$23.4
Value per share (USD) From above. $23.40
Current discount Discount to share price of $8.03
= -1 x ($8.03 - $23.40) / $23.40
65.7%

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

Current Discount
Amount off the current price Mobile TeleSystems is available for.
Intrinsic value
>50%
Share price is $8.03 vs Future cash flow value of $23.4
Current Discount Checks
For Mobile TeleSystems to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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 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 Mobile TeleSystems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mobile TeleSystems's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:MBT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in RUB RUB70.35
NYSE:MBT Share Price ** NYSE (2019-03-20) in USD $8.03
NYSE:MBT Share Price converted to RUB reporting currency Exchange rate (USD/ RUB) 64.335 RUB516.61
United States of America Wireless Telecom Industry PE Ratio Median Figure of 7 Publicly-Listed Wireless Telecom Companies 27.18x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

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

** Primary Listing of Mobile TeleSystems.

NYSE:MBT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:MBT Share Price ÷ EPS (both in RUB)

= 516.61 ÷ 70.35

7.34x

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

  • 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
Does Mobile TeleSystems's expected growth come at a high price?
Raw Data
NYSE:MBT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
2.9%per year
United States of America Wireless Telecom Industry PEG Ratio Median Figure of 7 Publicly-Listed Wireless Telecom Companies 1.79x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

NYSE:MBT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.34x ÷ 2.9%

2.55x

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

  • Mobile TeleSystems is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Mobile TeleSystems's assets?
Raw Data
NYSE:MBT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in RUB RUB71.05
NYSE:MBT Share Price * NYSE (2019-03-20) in USD $8.03
NYSE:MBT Share Price converted to RUB reporting currency Exchange rate (USD/ RUB) 64.335 RUB516.61
United States of America Wireless Telecom Industry PB Ratio Median Figure of 12 Publicly-Listed Wireless Telecom Companies 1.96x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
NYSE:MBT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:MBT Share Price ÷ Book Value per Share (both in RUB)

= 516.61 ÷ 71.05

7.27x

* Primary Listing of Mobile TeleSystems.

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

  • Mobile TeleSystems is overvalued based on assets compared to the US Wireless Telecom industry average.
X
Value checks
We assess Mobile TeleSystems'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 Wireless Telecom 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 Wireless Telecom industry average (and greater than 0)? (1 check)
  5. Mobile TeleSystems has a total score of 4/6, 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.

MBT Future Performance

 How is Mobile TeleSystems expected to perform in the next 1 to 3 years based on estimates from 14 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
2.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mobile TeleSystems expected to grow at an attractive rate?
  • Mobile TeleSystems's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Mobile TeleSystems's earnings growth is positive but not above the United States of America market average.
  • Mobile TeleSystems's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:MBT Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:MBT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 2.9%
NYSE:MBT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 3%
United States of America Wireless Telecom Industry Earnings Growth Rate Market Cap Weighted Average 22.6%
United States of America Wireless Telecom Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
NYSE:MBT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in RUB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:MBT Future Estimates Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 560,486 72,000 2
2022-12-31 539,945 73,105 3
2021-12-31 530,271 184,823 69,358 3
2020-12-31 505,551 168,657 67,609 14
2019-12-31 493,218 147,389 62,325 14
NYSE:MBT Past Financials Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income *
2018-12-31 480,293 154,390 65,898
2018-09-30 467,053 152,880 59,315
2018-06-30 453,661 149,826 58,536
2018-03-31 446,153 147,032 58,983
2017-12-31 442,911 144,640 56,042
2017-09-30 437,677 127,646 57,523
2017-06-30 435,294 131,767 55,010
2017-03-31 434,510 124,792 49,820
2016-12-31 435,692 130,565 52,495
2016-09-30 440,015 148,977 42,679
2016-06-30 435,685 135,746 51,891
2016-03-31 439,140 144,049 53,109

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mobile TeleSystems's earnings are expected to grow by 2.9% yearly, however this is not considered high growth (20% yearly).
  • Mobile TeleSystems's revenue is expected to grow by 3% 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
NYSE:MBT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from Mobile TeleSystems Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:MBT Future Estimates Data
Date (Data in RUB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 80.79 80.79 80.79 1.00
2021-12-31 76.02 76.02 76.02 1.00
2020-12-31 72.13 76.87 67.36 4.00
2019-12-31 63.43 72.55 47.56 6.00
NYSE:MBT Past Financials Data
Date (Data in RUB Millions) EPS *
2018-12-31 70.35
2018-09-30 62.57
2018-06-30 60.73
2018-03-31 61.03
2017-12-31 57.37
2017-09-30 58.42
2017-06-30 56.27
2017-03-31 50.15
2016-12-31 52.78
2016-09-30 42.91
2016-06-30 51.57
2016-03-31 53.41

*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.
  • Mobile TeleSystems is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Mobile TeleSystems'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.
Mobile TeleSystems 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.

MBT Past Performance

  How has Mobile TeleSystems 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 Mobile TeleSystems's growth in the last year to its industry (Wireless Telecom).
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.
  • Mobile TeleSystems's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Mobile TeleSystems's 1-year earnings growth exceeds its 5-year average (17.6% vs -2.7%)
  • Mobile TeleSystems's earnings growth has exceeded the US Wireless Telecom industry average in the past year (17.6% vs -17.1%).
Earnings and Revenue History
Mobile TeleSystems'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 Mobile TeleSystems Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:MBT Past Revenue, Cash Flow and Net Income Data
Date (Data in RUB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 480,293.00 65,898.00 87,946.00
2018-09-30 467,053.00 59,315.00 102,981.00
2018-06-30 453,661.00 58,536.00 104,506.00
2018-03-31 446,153.00 58,983.00 106,001.00
2017-12-31 442,911.00 56,042.00 109,642.00
2017-09-30 437,677.00 57,523.00 109,969.00
2017-06-30 435,294.00 55,010.00 99,533.00
2017-03-31 434,510.00 49,820.00 109,516.00
2016-12-31 435,692.00 52,495.00 109,195.00
2016-09-30 440,015.00 42,679.00 110,513.00
2016-06-30 435,685.00 51,891.00 106,825.00
2016-03-31 439,140.00 53,109.00 107,732.00
2015-12-31 426,639.00 55,157.00 104,919.00
2015-09-30 425,088.00 44,251.00 112,893.00
2015-06-30 417,228.00 44,748.00 105,815.00
2015-03-31 413,394.00 50,001.00 111,844.00
2014-12-31 410,678.00 45,531.00 99,836.00
2014-09-30 408,321.00 69,928.00 108,387.00
2014-06-30 404,564.00 72,349.00 95,998.00
2014-03-31 403,151.00 76,219.00 107,652.00
2013-12-31 398,443.00 76,106.00 105,757.00
2013-09-30 416,610.85 41,938.20 110,279.85
2013-06-30 367,144.50 106,344.65 99,966.09
2013-03-31 387,868.95 28,634.46 99,422.85
2012-12-31 378,240.00 62,488.00 96,912.00
2012-09-30 382,371.44 26,639.45 96,315.49
2012-06-30 401,995.53 18,985.29 101,135.48
2012-03-31 364,540.79 48,043.87 93,948.15

*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.
  • 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.
  • Mobile TeleSystems used its assets more efficiently than the US Wireless Telecom industry average last year based on Return on Assets.
  • Mobile TeleSystems's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Mobile TeleSystems'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 Wireless Telecom 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.
Mobile TeleSystems has a total score of 3/6, 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.

MBT Health

 How is Mobile TeleSystems'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 Mobile TeleSystems's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 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.
Balance sheet
This treemap shows a more detailed breakdown of Mobile TeleSystems'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 Mobile TeleSystems Company Filings, last reported 2 months ago.

NYSE:MBT Past Debt and Equity Data
Date (Data in RUB Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 77,565.00 528,687.00 189,810.00
2018-09-30 72,042.00 534,089.00 208,640.00
2018-06-30 112,510.00 467,191.00 110,262.00
2018-03-31 135,814.00 441,895.00 83,277.00
2017-12-31 124,205.00 303,570.00 81,343.00
2017-09-30 125,210.00 287,839.00 84,026.00
2017-06-30 130,652.00 296,729.00 101,731.00
2017-03-31 144,449.00 280,019.00 69,877.00
2016-12-31 143,948.00 284,851.00 27,127.00
2016-09-30 135,141.00 277,444.00 48,178.00
2016-06-30 151,434.00 284,197.00 52,934.00
2016-03-31 172,983.00 315,573.00 75,350.00
2015-12-31 168,371.00 346,545.00 83,304.00
2015-09-30 163,915.00 346,025.00 81,776.00
2015-06-30 156,857.00 319,497.00 90,439.00
2015-03-31 179,784.00 329,662.00 86,769.00
2014-12-31 178,622.00 292,515.00 71,352.00
2014-09-30 165,782.00 233,800.00 69,936.00
2014-06-30 150,015.00 224,629.00 74,702.00
2014-03-31 168,383.00 221,651.00 76,280.00
2013-12-31 158,985.00 219,569.00 45,245.00
2013-09-30 135,881.00 223,919.00 56,429.00
2013-06-30 128,520.00 246,724.00 81,369.00
2013-03-31 130,214.00 222,414.00 39,365.00
2012-12-31 116,289.00 232,508.00 26,048.00
2012-09-30 100,896.28 228,022.70 27,579.42
2012-06-30 81,379.90 238,268.24 55,760.32
2012-03-31 126,473.44 237,864.91 47,981.42
  • Mobile TeleSystems's level of debt (681.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (138% vs 681.6% today).
  • Debt is well covered by operating cash flow (29.2%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Mobile TeleSystems'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. Mobile TeleSystems has a total score of 1/6, 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.

MBT Dividends

 What is Mobile TeleSystems'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
10.07%
Current annual income from Mobile TeleSystems dividends. Estimated to be 10.02% next year.
If you bought $2,000 of Mobile TeleSystems shares you are expected to receive $201 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?
  • 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 (3.64%).
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
NYSE:MBT 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 14 Analyst Estimates (S&P Global) See Below
United States of America Wireless Telecom Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 6.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

NYSE:MBT Future Dividends Estimate Data
Date (Data in RUB) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 51.19 1.00
2021-12-31 51.59 2.00
2020-12-31 53.60 9.00
2019-12-31 50.30 11.00
NYSE:MBT Past Annualized Dividends Data
Date (Data in RUB) Dividend per share (annual) Avg. Yield (%)
2018-07-30 52.000 9.929
2018-04-11 67.600 11.366
2017-07-31 52.000 8.508
2017-04-12 55.180 10.451
2016-08-01 52.000 9.464
2016-05-19 39.240 6.912
2015-07-31 50.340 10.026
2015-04-15 51.520 9.507
2014-10-01 49.600 8.882
2014-06-25 47.600 7.184
2013-11-19 20.880 3.298
2013-08-02 20.880 2.928
2013-04-29 29.200 4.673
2012-04-12 29.420 5.127
2011-06-17 28.397 6.422
2011-04-27 29.080 5.204
2010-06-08 29.010 5.022
2010-05-17 30.796 5.301
2009-08-11 33.925 5.903
2009-05-22 36.310 7.620
2009-05-21 40.300 9.080
2009-03-23 39.284 9.067

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

  • 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
What portion of Mobile TeleSystems's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Mobile TeleSystems's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Mobile TeleSystems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mobile TeleSystems has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MBT Management

 What is the CEO of Mobile TeleSystems'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
Alexey Kornya
AGE 43
TENURE AS CEO 1 years
CEO Bio

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 of Management Board since September 2008. Mr. Kornya served as the Chief Financial Officer and Vice President of Finance, Investments, Mergers & Acquisitions at Public Joint-Stock Company Mobile TeleSystems from June 2016 to March 2018. Mr. Kornya served as Vice President of Finance and Investments at Public Joint-Stock Company Mobile TeleSystems since June 4, 2010. He served as the Chief Financial Officer of Public Joint-Stock Company Mobile TeleSystems since July 2008 until June 2016. He served as an Acting Chief Financial Officer and Acting Vice President of Finance and Investments at Mobile Telesystems OJSC from July 2008 to June 4, 2010. He has been with Mobile TeleSystems OJSC since July 2004 and served as its Chief Financial Controller from March 2007 to December 2008. Prior to this role, Mr. Kornya served as the Chief Financial Officer of Mobile TeleSystems OJSC Macro-Region Urals from July 2004 to October 2004 and Business Planning Director from October 2004 to March 2007 and also served in various positions. Mr. Kornya worked at PricewaterhouseCoopers, OJSC North-West Telecom and AIG-Brunswick Capital Management. He serves as Deputy Chairman of the Board of Directors at Public Joint-Stock Company MTS Bank. He serves as a Director of Mobile TeleSystems, PJSC. He graduated from St. Petersburg University of Economics and Finance in 1998.

CEO Compensation
  • Insufficient data for Alexey to compare compensation growth.
  • Insufficient data for Alexey 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 Mobile TeleSystems management team in years:

5
Average Tenure
46
Average Age
  • The average tenure for the Mobile TeleSystems management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Alexey Kornya

TITLE
Chairman of the Management Board
AGE
43
TENURE
1 yrs

Andrey Kamensky

TITLE
VP of Finance
AGE
46
TENURE
0.9 yrs

Alexander Gorbunov

TITLE
Vice President of Strategy & Development & Member of Management Board
AGE
51

Ruslan Ibragimov

TITLE
VP of Corporate & Legal Affairs and Member of Management Board
AGE
55
TENURE
11.9 yrs

Andrei Ushatskiy

TITLE
VP of Technology & IT and Member of Management Board
AGE
44
TENURE
9.9 yrs

Valery Shorzhin

TITLE
VP of Digital Business Solutions & Member of Management Board
AGE
55
TENURE
5 yrs

Vyacheslav Nikolaev

TITLE
VP of Marketing & Member of Management Board
AGE
46
TENURE
1.7 yrs

Kirill Dmitriev

TITLE
VP of Digital Solutions for Home & Member of the Management Board
AGE
40
TENURE
5.1 yrs

Andrei Smelkov

TITLE
VP, Member of Management Board & Director of the MTS Foreign Subsidiaries Business Unit
AGE
42
TENURE
5.4 yrs

Igor Egorov

TITLE
Director of Moscow Macro-Region & Member of Management Board
AGE
50
TENURE
2.8 yrs
Board of Directors Tenure

Average tenure and age of the Mobile TeleSystems board of directors in years:

4
Average Tenure
53
Average Age
  • The tenure for the Mobile TeleSystems board of directors is about average.
Board of Directors

Ron Sommer

TITLE
Chairman of the Board
AGE
69
TENURE
9.8 yrs

Alexey Kornya

TITLE
Chairman of the Management Board
AGE
43

Vsevolod Rozanov

TITLE
Deputy Chairman of the Board
AGE
47
TENURE
4.2 yrs

Maxim Mamonov

TITLE
Director of Internal Control & Audit and Member of Auditing Commission

Thomas Holtrop

TITLE
Non-Executive Independent Director
AGE
64
TENURE
6.1 yrs

Regina Von Flemming

TITLE
Non-Executive Independent Director
AGE
53
TENURE
3.8 yrs

Stan Miller

TITLE
Non-Executive Independent Director
AGE
60
TENURE
8.8 yrs

Artyom Zasursky

TITLE
Non-executive Director
AGE
39
TENURE
1.8 yrs

Alexey Katkov

TITLE
Director
TENURE
0.8 yrs

Wolfgang Schussel

TITLE
Independent Director
TENURE
0.8 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 Mobile TeleSystems'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. Mobile TeleSystems 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.

MBT News

Simply Wall St News

Should You Be Tempted To Buy Public Joint-Stock Company Mobile TeleSystems (NYSE:MBT) At Its Current PE Ratio?

This analysis is intended to introduce important early concepts to people who are starting to invest. … and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … See our latest analysis for Mobile TeleSystems

Simply Wall St -

What Is Public Joint-Stock Company Mobile TeleSystems's (NYSE:MBT) Share Price Doing?

Public Joint-Stock Company Mobile TeleSystems (NYSE:MBT), a wireless telecom company based in Russia,. … A question to answer is whether Mobile TeleSystems's current trading price of $8.71 reflective of the actual value of the? … Let’s take a look at Mobile TeleSystems’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

What Are Analysts Saying About Public Joint-Stock Company Mobile TeleSystems's (NYSE:MBT) Growth?

Based on Public Joint-Stock Company Mobile TeleSystems's (NYSE:MBT) earnings update in March 2018,. … as a 2.02% rise in profits is expected in the upcoming year, … Currently with trailing-twelve-month earnings of RUруб58.98b, we can expect this to reach RUруб60.17b by 2019.

Simply Wall St -

Does Public Joint-Stock Company Mobile TeleSystems (NYSE:MBT) Have A Place In Your Portfolio?

Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. … In the past 10 years Public Joint-Stock Company Mobile TeleSystems (NYSE:MBT) has returned an average of 7.00% per year to investors in the form of dividend payouts. … Let's dig deeper into whether Mobile TeleSystems should have a place in your portfolio.

Simply Wall St -

Public Joint-Stock Company Mobile TeleSystems (NYSE:MBT): A Fundamentally Attractive Investment

Attractive stocks have exceptional fundamentals. … In the case of Public Joint-Stock Company Mobile TeleSystems (NYSE:MBT), there's. … is a company with a

Simply Wall St -

Should Public Joint-Stock Company Mobile TeleSystems (NYSE:MBT) Be Part Of Your Dividend Portfolio?

Public Joint-Stock Company Mobile TeleSystems (NYSE:MBT) has returned to shareholders over the past 10 years, an average dividend yield of 7.00% annually. … Check out our latest analysis for Mobile TeleSystems 5 checks you should use to assess a dividend stock Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Is their annual yield among the top 25% of dividend payers? … NYSE:MBT Historical Dividend Yield Jun 7th 18 How does Mobile TeleSystems fare?

Simply Wall St -

How Does Public Joint-Stock Company Mobile TeleSystems's (NYSE:MBT) Earnings Growth Stack Up Against Industry Performance?

The two benchmarks I used were Mobile TeleSystems's average earnings over the past couple of years, and its industry performance. … View our latest analysis for Mobile TeleSystems How Did MBT's Recent Performance Stack Up Against Its Past? … Given that these values are relatively nearsighted, I have estimated an annualized five-year figure for MBT's net income, which stands at RUРУБ52.19B This means that, on average, Mobile TeleSystems has been able to consistently grow its bottom line over the last few years as well.

Simply Wall St -

Should You Be Tempted To Buy Public Joint-Stock Company Mobile TeleSystems (NYSE:MBT) At Its Current PE Ratio?

It compares a stock’s price per share to the stock’s earnings per share. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for MBT Price per share = RUB646.28 Earnings per share = RUB57.368 ∴ Price-Earnings Ratio = RUB646.28 ÷ RUB57.368 = 11.3x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … At 11.3x, MBT’s P/E is lower than its industry peers (17x).

Simply Wall St -

Can Public Joint-Stock Company Mobile TeleSystems's (NYSE:MBT) ROE Continue To Surpass The Industry Average?

View our latest analysis for Mobile TeleSystems Peeling the layers of ROE – trisecting a company’s profitability Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … This means Mobile TeleSystems returns enough to cover its own cost of equity, with a buffer of 37.07%. … Mobile TeleSystems exhibits a strong ROE against its peers, as well as sufficient returns to cover its cost of equity.

Simply Wall St -

What does Public Joint-Stock Company Mobile TeleSystems's (NYSE:MBT) Balance Sheet Tell Us About Its Future?

See our latest analysis for Mobile TeleSystems How does MBT’s operating cash flow stack up against its debt? … Moreover, MBT has produced RUРУБ144.64B in operating cash flow over the same time period, leading to an operating cash to total debt ratio of 47.65%, meaning that MBT’s current level of operating cash is high enough to cover debt. … Next Steps: MBT’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

MBT Company Info

Description

Public Joint-Stock Company Mobile TeleSystems provides telecommunication services in Russia, Ukraine, Turkmenistan, and Armenia. It operates through three segments: Russia Convergent, Moscow Fixed Line, and Ukraine. The company offers voice and data transmission; Internet access; pay TV; and various value added services, including big data, Internet of Things, cloud, financial, and e-commerce services through wireless and fixed lines, as well as sells equipment, accessories, and software. As of December 31, 2017, it had a mobile subscriber base of approximately 101.2 million. The company was founded in 1993 and is headquartered in Moscow, Russia. Public Joint-Stock Company Mobile TeleSystems operates as a subsidiary of Sistema Public Joint Stock Financial Corporation.

Details
Name: Public Joint-Stock Company Mobile TeleSystems
MBT
Exchange: NYSE
Founded: 1993
$7,261,838,010
904,338,482
Website: http://www.mtsgsm.com
Address: Public Joint-Stock Company Mobile TeleSystems
4, Marksistskaya Street,
Moscow,
109147,
Russia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE MBT SPON ADR EACH REP 2 ORD SHS New York Stock Exchange US USD 30. Jun 2000
DB MKY SPON ADR EACH REP 2 ORD SHS Deutsche Boerse AG DE EUR 30. Jun 2000
BMV MBT N SPON ADR EACH REP 2 ORD SHS Bolsa Mexicana de Valores MX MXN 30. Jun 2000
MISX MTSS Common Stock Micex - Rts RU RUB 21. Dec 2004
Number of employees
Current staff
Staff numbers
0
Mobile TeleSystems employees.
Industry
Wireless Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 23:41
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/19
Last earnings filing: 2019/03/19
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.