Financials Moscow City Telephone Network

Equities

MGTS

RU0009036461

Integrated Telecommunications Services

End-of-day quote Moscow Micex - RTS 06:00:00 2022-07-07 pm EDT 5-day change 1st Jan Change
1,470 RUB +1.03% Intraday chart for Moscow City Telephone Network -.--% -.--%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 108,404 135,505 154,635 178,548 162,207 117,172
Enterprise Value (EV) 1 97,847 124,938 165,365 190,430 151,729 100,015
P/E ratio 11.9 x 13.6 x 11.9 x 16.5 x 12.8 x 8.52 x
Yield 17% 13.6% - - - -
Capitalization / Revenue 2.73 x 3.42 x 3.89 x 4.34 x 3.94 x 2.75 x
EV / Revenue 2.46 x 3.15 x 4.16 x 4.63 x 3.69 x 2.35 x
EV / EBITDA 5.45 x 6.2 x 9.55 x 11.6 x 8.76 x 4.94 x
EV / FCF 16.3 x 7.8 x 15.1 x 28.4 x 17.4 x 8.02 x
FCF Yield 6.14% 12.8% 6.63% 3.52% 5.76% 12.5%
Price to Book 1.24 x 1.75 x 2.18 x 2.12 x 1.64 x 1.01 x
Nbr of stocks (in thousands) 79,709 79,709 79,709 79,709 79,709 79,709
Reference price 2 1,360 1,700 1,940 2,240 2,035 1,470
Announcement Date 4/23/18 4/29/19 4/27/20 3/24/21 3/2/22 3/2/23
1RUB in Million2RUB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 39,738 39,607 39,730 41,161 41,125 42,642
EBITDA 1 17,968 20,137 17,309 16,475 17,330 20,235
EBIT 1 8,272 11,854 10,809 9,788 10,995 13,472
Operating Margin 20.82% 29.93% 27.21% 23.78% 26.74% 31.59%
Earnings before Tax (EBT) 1 13,664 15,004 19,406 15,713 17,913 20,265
Net income 1 10,866 11,888 15,515 12,921 15,124 16,436
Net margin 27.34% 30.01% 39.05% 31.39% 36.78% 38.54%
EPS 2 114.1 124.8 162.9 135.7 158.8 172.6
Free Cash Flow 1 6,003 16,026 10,972 6,700 8,743 12,474
FCF margin 15.11% 40.46% 27.62% 16.28% 21.26% 29.25%
FCF Conversion (EBITDA) 33.41% 79.59% 63.39% 40.67% 50.45% 61.65%
FCF Conversion (Net income) 55.25% 134.81% 70.72% 51.86% 57.81% 75.89%
Dividend per Share 2 231.0 232.0 - - - -
Announcement Date 4/23/18 4/29/19 4/27/20 3/24/21 3/2/22 3/2/23
1RUB in Million2RUB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - 10,730 11,882 - -
Net Cash position 1 10,557 10,567 - - 10,478 17,157
Leverage (Debt/EBITDA) - - 0.6199 x 0.7212 x - -
Free Cash Flow 1 6,003 16,026 10,972 6,700 8,743 12,474
ROE (net income / shareholders' equity) 11.6% 14.3% 20.8% 16.5% 16.3% 15.2%
ROA (Net income/ Total Assets) 4.7% 7.02% 6.29% 5.27% 5.38% 6.08%
Assets 1 231,054 169,350 246,767 245,013 281,173 270,133
Book Value Per Share 2 1,099 969.0 891.0 1,054 1,243 1,448
Cash Flow per Share 2 4.420 5.680 5.750 48.80 30.40 16.00
Capex 1 5,897 5,550 7,264 6,580 4,238 4,996
Capex / Sales 14.84% 14.01% 18.28% 15.99% 10.31% 11.72%
Announcement Date 4/23/18 4/29/19 4/27/20 3/24/21 3/2/22 3/2/23
1RUB in Million2RUB
Estimates
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