Russian stock alert

RUSS

CLOSING UPDATE: Novolipetsk Steel keeps rising: up 3.7% in 5 days 20 September 2018 19:45 SAMT

NEWS BITES - BRIC

This is an end of day Alert, produced after today's Russian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Novolipetsk Steel, Russia's largest iron/steel company by market capitalisation, extended its gains on Thursday, rising an additional RUB1.58 (or 0.9%) to trade at RUB174.98. Trading volume was 1.5 times average at the end of the day.

Technical indicators complementing today's significant uptrend:

+ The positive 3.18 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The stock has outperformed 88% of the Russian market over the past 6 months.

+ The price lifted 3.7% in the last week and soared 10.7% in the last month.

+ The present value of RUB1,000 invested one year ago is RUB1,521 [vs RUB1,170 for the MOEX Russia Index].

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

+ Price to Book of 2.5 [4.0]

+ Dividend yield of 10% [7.5%]

+ Return on Equity 21.9% [19.5%]

+ Return on Assets 13.2% [11.4%]

Other Bullish Signals include:

+ Interest cover is less leveraged at 22 times.

+ Total Liabilities/EBITDA of 2.3 is comfortably below the Joseph Piotroski benchmark of <5.

+ Tobin's Q Ratio is 1.4. Compared with the rest of the market the stock is undervalued.

+ Net profit margin has averaged 12.9% in the last 3 years. This is better than the sector average of 12.9% and suggests a high margin of safety.

+ As per the Du Pont analysis, Return on Equity is high at 21.9%. Also, this has improved from 14.9% last year.

Note

Overbought/Bearish:

The 1.1% discount to 12-month high of RUB176.98 against the 39.4% premium to 12-month low of RUB125.51 suggests the climb might be peaking.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

Price/Sales of 1.6 [1.3]

TODAY'S ALERTS

Afternoon Alert: Novolipetsk Steel increases 1.2% on robust volume

20 September 2018 14:06 SAMT

Novolipetsk Steel (MICEX:NLMK) traded on heavy volume of 1.4 times average so far today while the price increased RUB2.12 (or 1.2%) to trade at RUB175.52.

Morning Alert: Novolipetsk Steel decreases 0.2%

20 September 2018 11:38 SAMT

Novolipetsk Steel (MICEX:NLMK) traded on volume of 0.4 times average so far today while the price decreased 28.0 Kopeck (or 0.2%) to trade at RUB173.12.

RECENT ALERTS

CLOSING UPDATE: Novolipetsk Steel increases 0.5% - outperforming 86% of stocks

19 September 2018 19:45 SAMT

Novolipetsk Steel, Russia's largest iron/steel company by market capitalisation, has increased 84.0 Kopeck (or 0.5%) today to trade at RUB173.40 and has outperformed 86% of the market in the past month. A price rise combined with a high relative strength is a bullish signal. Compared with the MOEX Russia Index which fell 1.9 points (or 0.08%) in the day, this represented a relative price increase of 0.6%.

Afternoon Alert: Novolipetsk Steel increases 0.5% on high volume

19 September 2018 14:06 SAMT

Novolipetsk Steel (MICEX:NLMK) traded on heavy volume of 2.3 times average so far today while the price increased 88.0 Kopeck (or 0.5%) to trade at RUB173.44.

Novolipetsk Steel (M:NLMK; MCX:NLMK; MM:NLMK; RM:NLMK)

ISIN: RU0009046452

PermID: 4295887048

Source: www.BuySellSignals.com