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Mobile TeleSystems

DB:MKY
Snowflake Description

Undervalued average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MKY
DB
$6B
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

Mobile TeleSystems Public Joint Stock Company provides telecommunication services primarily in Russia, Ukraine, and Armenia. The last earnings update was 11 days ago. More info.


Add to Portfolio Compare Print
  • Mobile TeleSystems has significant price volatility in the past 3 months.
MKY Share Price and Events
7 Day Returns
3.1%
DB:MKY
3.7%
Europe Wireless Telecom
7.1%
DE Market
1 Year Returns
-2.9%
DB:MKY
-15.6%
Europe Wireless Telecom
-17.5%
DE Market
MKY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mobile TeleSystems (MKY) 3.1% -23.6% -26.5% -2.9% -35.7% -28.7%
Europe Wireless Telecom 3.7% -16.1% -20.3% -15.6% -34.8% -40.7%
DE Market 7.1% -20% -26.1% -17.5% -25.8% -29.2%
1 Year Return vs Industry and Market
  • MKY outperformed the Wireless Telecom industry which returned -15.6% over the past year.
  • MKY outperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
MKY
Industry
5yr Volatility vs Market

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.

DB:MKY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:MKY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 8.6%
Wireless Telecom Unlevered Beta Simply Wall St/ S&P Global 0.33
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.331 (1 + (1- 20%) (97.11%))
0.724
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)
= -0.39% + (0.8 * 8.61%)
6.5%

Discounted Cash Flow Calculation for DB:MKY 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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:MKY DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (RUB, Millions) Source Present Value
Discounted (@ 6.5%)
2020 63,228.33 Analyst x3 59,370.44
2021 69,515.83 Analyst x6 61,291.58
2022 74,089.60 Analyst x5 61,338.46
2023 86,233.50 Analyst x2 67,036.33
2024 108,798.00 Analyst x1 79,417.03
2025 120,364.94 Est @ 10.63% 82,499.50
2026 129,181.80 Est @ 7.33% 83,140.22
2027 135,654.55 Est @ 5.01% 81,979.02
2028 140,253.78 Est @ 3.39% 79,586.88
2029 143,418.30 Est @ 2.26% 76,417.01
Present value of next 10 years cash flows RUB732,076.00
DB:MKY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= RUB143,418.30 × (1 + -0.39%) ÷ (6.5% – -0.39%)
RUB2,074,026.81
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= RUB2,074,026.81 ÷ (1 + 6.5%)10
RUB1,105,095.59
DB:MKY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= RUB732,076.00 + RUB1,105,095.59
RUB1,837,171.59
Equity Value per Share
(RUB)
= Total value / Shares Outstanding
= RUB1,837,171.59 / 886.42
RUB2072.58
DB:MKY Discount to Share Price
Calculation Result
Exchange Rate RUB/USD
(Reporting currency to currency of NYSE:MBT)
0.013
Value per Share
(USD)
= Value per Share in RUB x Exchange Rate (RUB/USD)
= RUB2072.58 x 0.013
$26.15
Non-primary Listing Adjustment Factor 1 share in DB:MKY represents 0.90971x of NYSE:MBT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.90971x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 26.15 x 0.90971
€23.79
Value per share (EUR) From above. €23.79
Current discount Discount to share price of €6.65
= -1 x (€6.65 - €23.79) / €23.79
72%

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 €6.65 vs Future cash flow value of €23.79
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
DB:MKY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in RUB RUB56.45
NYSE:MBT Share Price ** NYSE (2020-03-27) in USD $7.31
NYSE:MBT Share Price converted to RUB reporting currency Exchange rate (USD/ RUB) 79.254 RUB579.35
Europe Wireless Telecom Industry PE Ratio Median Figure of 7 Publicly-Listed Wireless Telecom Companies 27.83x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

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

** Primary Listing of Mobile TeleSystems.

DB:MKY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 579.35 ÷ 56.45

10.26x

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 Europe Wireless Telecom industry average.
  • Mobile TeleSystems is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Mobile TeleSystems's expected growth come at a high price?
Raw Data
DB:MKY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
10.5%per year
Europe Wireless Telecom Industry PEG Ratio Median Figure of 5 Publicly-Listed Wireless Telecom Companies 1.82x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

DB:MKY PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.26x ÷ 10.5%

0.98x

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

  • Mobile TeleSystems is good 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
DB:MKY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in RUB RUB37.31
NYSE:MBT Share Price * NYSE (2020-03-27) in USD $7.31
NYSE:MBT Share Price converted to RUB reporting currency Exchange rate (USD/ RUB) 79.254 RUB579.35
Europe Wireless Telecom Industry PB Ratio Median Figure of 10 Publicly-Listed Wireless Telecom Companies 2.04x
Germany Market PB Ratio Median Figure of 575 Publicly-Listed Companies 1.43x
DB:MKY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 579.35 ÷ 37.31

15.53x

* 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 Europe 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 5/6, 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 Mobile TeleSystems expected to perform in the next 1 to 3 years based on estimates from 13 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
10.5%
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 -0.4%.
Growth vs Market Checks
  • Mobile TeleSystems's earnings growth is positive but not above the Germany market average.
  • Mobile TeleSystems's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:MKY Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:MKY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 10.5%
DB:MKY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 3.3%
Europe Wireless Telecom Industry Earnings Growth Rate Market Cap Weighted Average 21%
Europe Wireless Telecom Industry Revenue Growth Rate Market Cap Weighted Average 1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.2%

*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
DB:MKY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in RUB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:MKY Future Estimates Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 542,661 1
2023-12-31 540,878 177,743 80,146 3
2022-12-31 533,192 175,155 74,560 9
2021-12-31 517,048 167,347 66,248 13
2020-12-31 495,525 163,802 66,539 9
2020-03-29
DB:MKY Past Financials Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income *
2019-12-31 476,106 106,652 50,265
2019-09-30 507,120 114,421 62,714
2019-06-30 501,196 89,187 63,052
2019-03-31 490,393 102,602 64,627
2018-12-31 451,466 154,390 60,740
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
2017-12-31 417,918 144,640 50,659
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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mobile TeleSystems's earnings are expected to grow by 10.5% yearly, however this is not considered high growth (20% yearly).
  • Mobile TeleSystems's revenue is expected to grow by 3.3% 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
DB:MKY 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 13 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.

DB:MKY Future Estimates Data
Date (Data in RUB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31 90.42 90.42 90.42 1.00
2022-12-31 78.51 86.49 70.78 4.00
2021-12-31 68.67 80.09 56.25 6.00
2020-12-31 69.70 76.03 61.55 5.00
2020-03-29
DB:MKY Past Financials Data
Date (Data in RUB Millions) EPS *
2019-12-31 56.45
2019-09-30 69.80
2019-06-30 69.65
2019-03-31 69.84
2018-12-31 64.84
2018-09-30 62.57
2018-06-30 60.73
2018-03-31 61.03
2017-12-31 51.86
2017-09-30 58.42
2017-06-30 56.27
2017-03-31 50.15

*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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.

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 has been positive over the past 5 years, however the most recent earnings are below average.
  • Mobile TeleSystems's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Mobile TeleSystems's 1-year earnings growth is negative, it can't be compared to the Europe Wireless Telecom industry average.
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.

DB:MKY Past Revenue, Cash Flow and Net Income Data
Date (Data in RUB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 476,106.00 50,265.00 88,306.00
2019-09-30 507,120.00 62,714.00 90,944.00
2019-06-30 501,196.00 63,052.00 88,421.00
2019-03-31 490,393.00 64,627.00 86,578.00
2018-12-31 451,466.00 60,740.00 79,661.00
2018-09-30 467,053.00 59,315.00 102,981.00
2018-06-30 453,661.00 58,536.00 86,154.00
2018-03-31 446,153.00 58,983.00 106,001.00
2017-12-31 417,918.00 50,659.00 86,673.00
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 90,240.00
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

*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 Europe Wireless Telecom industry average last year based on Return on Assets.
  • Mobile TeleSystems has improved its use of capital 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.

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 0.6x 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.

DB:MKY Past Debt and Equity Data
Date (Data in RUB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 36,394.00 343,387.00 117,616.00
2019-09-30 47,647.00 375,811.00 128,208.00
2019-06-30 40,538.00 376,984.00 125,098.00
2019-03-31 70,724.00 386,801.00 144,606.00
2018-12-31 77,565.00 368,135.00 189,810.00
2018-09-30 72,042.00 375,820.00 208,640.00
2018-06-30 112,510.00 309,809.00 110,262.00
2018-03-31 135,814.00 290,692.00 83,277.00
2017-12-31 124,205.00 291,713.00 81,489.00
2017-09-30 125,210.00 287,839.00 84,026.00
2017-06-30 130,652.00 285,078.00 101,731.00
2017-03-31 144,449.00 280,019.00 69,877.00
2016-12-31 143,948.00 273,805.00 27,127.00
2016-09-30 135,141.00 277,444.00 48,178.00
2016-06-30 151,434.00 273,214.00 52,934.00
2016-03-31 172,983.00 315,573.00 75,350.00
2015-12-31 168,371.00 334,750.00 83,304.00
2015-09-30 163,915.00 346,025.00 81,776.00
2015-06-30 156,857.00 310,666.00 90,439.00
2015-03-31 179,784.00 329,662.00 86,769.00
2014-12-31 178,622.00 283,120.00 71,352.00
2014-09-30 165,782.00 227,700.00 69,936.00
2014-06-30 150,015.00 219,029.00 74,702.00
2014-03-31 168,383.00 221,651.00 76,280.00
2013-12-31 158,985.00 219,521.00 45,245.00
2013-09-30 135,881.00 223,900.00 56,429.00
2013-06-30 128,520.00 246,698.00 81,369.00
2013-03-31 130,214.00 222,377.00 39,365.00
  • Mobile TeleSystems's level of debt (943.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (158.7% vs 943.5% today).
  • Debt is well covered by operating cash flow (31.1%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.8x 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.

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
9.89%
Current annual income from Mobile TeleSystems dividends. Estimated to be 11.25% next year.
If you bought €2,000 of Mobile TeleSystems shares you are expected to receive €198 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 Germany (1.71%).
  • Mobile TeleSystems's dividend is above the markets top 25% of dividend payers in Germany (4.98%).
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
DB:MKY 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 13 Analyst Estimates (S&P Global) See Below
Europe Wireless Telecom Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 321 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:MKY Future Dividends Estimate Data
Date (Data in RUB) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31 56.00 1.00
2022-12-31 55.91 7.00
2021-12-31 57.13 9.00
2020-12-31 83.47 8.00
2020-03-29
DB:MKY Past Annualized Dividends Data
Date (Data in RUB) Dividend per share (annual) Avg. Yield (%)
2019-07-30 57.320 9.881
2019-04-10 45.160 8.532
2018-07-30 52.000 9.941
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 47.640 7.190
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
2011-04-05 28.606 4.957
2010-06-08 29.489 5.021
2010-05-17 30.796 5.301
2010-03-31 29.394 4.605
2009-08-11 33.925 6.009
2009-05-22 36.310 7.620
2009-05-21 40.300 9.080

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 not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x 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 1%) - 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 4/6, 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 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 44
TENURE AS CEO 2 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 Germany.
Management Team Tenure

Average tenure and age of the Mobile TeleSystems management team in years:

1.9
Average Tenure
47
Average Age
  • The average tenure for the Mobile TeleSystems management team is less than 2 years, this suggests a new team.
Management Team

Alexey Kornya

TITLE
Chairman of the Management Board
AGE
44
TENURE
2 yrs

Andrey Kamensky

TITLE
VP of Finance
AGE
47
TENURE
1.9 yrs

Alexander Gorbunov

TITLE
VP of Strategy & Development and Member of Management Board
AGE
52
TENURE
1.9 yrs

Ruslan Ibragimov

TITLE
VP for Government Relations & PR and Member of Management Board
AGE
56
TENURE
12.9 yrs

Valery Shorzhin

TITLE
VP of Cloud & Digital Business Solutions and Member of Management Board
AGE
56
TENURE
6 yrs

Vyacheslav Nikolaev

TITLE
First VP for Customer Experience & Marketing and Member of Management Board
AGE
47
TENURE
2.7 yrs

Inessa Galaktionova

TITLE
First VP for Telecommunications & Member of Management Board
AGE
45
TENURE
1 yrs

Ilya Filatov

TITLE
VP for Financial Services & Member of the Management board
AGE
43
TENURE
0.6 yrs

Dmitry Khomchenko

TITLE
VP of Information Technology & Member of Management Board
TENURE
0.6 yrs

Igor Mishin

TITLE
VP of Media & Member of Management Board
TENURE
0.5 yrs
Board of Directors Tenure

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

2.3
Average Tenure
43
Average Age
  • The average tenure for the Mobile TeleSystems board of directors is less than 3 years, this suggests a new board.
Board of Directors

Felix Vladimirovich

TITLE
Chairman of the Board of Directors
AGE
41
TENURE
0.8 yrs

Alexey Kornya

TITLE
Chairman of the Management Board
AGE
44

Vsevolod Rozanov

TITLE
Deputy Chairman of the Board
AGE
48
TENURE
5.2 yrs

Maxim Mamonov

TITLE
Director of Internal Control & Audit and Member of Auditing Commission
AGE
41

Thomas Holtrop

TITLE
Non-Executive Independent Director
AGE
65
TENURE
7 yrs

Regina von Flemming

TITLE
Non-Executive Independent Director
AGE
54
TENURE
4.8 yrs

Artem Zassoursky

TITLE
Non-Executive Director
AGE
40
TENURE
2.8 yrs

Alexey Katkov

TITLE
Non-Executive Director
AGE
42
TENURE
1.8 yrs

Valentin Yumashev

TITLE
Independent Director
TENURE
0.8 yrs

Antoniou Theodosiou

TITLE
Independent Director
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual 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.

News

Simply Wall St News

Company Info

Description

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 segments. The company offers voice and data transmission services, including data transfer, Internet, broadband, and pay TV; and various value added services, including big data, Internet of Things, cloud, and e-commerce services through wireless and fixed lines, as well as sells equipment, accessories, and software. As of December 31, 2018, it had a mobile subscriber base of approximately 99.8 million. In addition, it offers banking products and services in Russia. Mobile TeleSystems Public Joint Stock Company has a strategic partnership with Vodafone. The company was founded in 1993 and is headquartered in Moscow, Russia. Mobile TeleSystems Public Joint Stock Company is a subsidiary of Sistema Public Joint Stock Financial Corporation.

Details
Name: Mobile TeleSystems Public Joint Stock Company
MKY
Exchange: DB
Founded: 1993
$5,844,049,389
886,417,076
Website: http://ir.mts.ru/home/default.aspx
Address: Mobile TeleSystems Public Joint Stock Company
Building 2,
5 Vorontsovskaya Street,
Moscow,
109147,
Russia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE MBT ADR EACH REP 2 COM SHS SPONS New York Stock Exchange US USD 30. Jun 2000
DB MKY ADR EACH REP 2 COM SHS SPONS Deutsche Boerse AG DE EUR 30. Jun 2000
LSE 0K22 ADR EACH REP 2 COM SHS SPONS London Stock Exchange GB USD 30. Jun 2000
BMV MBT N ADR EACH REP 2 COM SHS SPONS Bolsa Mexicana de Valores MX MXN 30. Jun 2000
BASE MBT EACH CEDEAR REP 0.5 ADR Buenos Aires Stock Exchange AR ARS 16. Aug 2007
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: 2020/03/29 20:56
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2020/03/18
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.