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TransContainer (TRCN)

Business description

TransContainer owns and operates rail freight assets across Russia. Its assets comprise rail flatcars, handling terminals and trucks, through which it provides integrated end-to-end freight forwarding services to its customers.

Stock data

Market cap.RUB62248.6m
Last closeRUB4,480.00
High / Low (52 weeks)RUB5295.0 / RUB4300.0
Stock market listingMoscow, LN
Forecast net debt (RUBm)5331
Forecast gearing ratio (%)11
TeamIndustrials
SectorGeneral Industrials

Price performance

%1m3m12m
Actual1.1(0.3)2.1
Relative *1.7(4.8)(11.7)

* % Relative to local index

Other companies in sector Show

Company news

Moody's: Most Russian companies have sufficient liquidity to repay debt ...

Thu, 15 Oct 2015 15:16:09 GMT

Russia's UCL Holding may list transport assets

Mon, 17 Jul 2017 12:45:00 GMT

Shares in assets of Russia's Summa group fall after billionaire owner detained

Mon, 02 Apr 2018 10:18:45 GMT

Revised Lists Of The Moscow Exchange Indices Announced

Thu, 01 Mar 2018 15:56:15 GMT

Moody's Interfax Rating Agency withdraws National Scale Ratings

Thu, 17 Mar 2016 22:05:10 GMT

Y/E Dec Revenue (RUBm) EBITDA (RUBm) PBT (RUBm) EPS (RUB) P/E (x) P/CF (x)
2016A 21988.0 7046.0 4302.0 247.5 18.1 8.3
2017A 27782.0 11196.0 8195.0 471.6 9.5 5.8
2018E 30249.0 13589.0 10033.0 577.6 7.8 4.6
2019E 33313.0 14871.0 10318.0 564.3 7.9 4.2

Last updated on 06/12/2018

Investment summary

TransContainer delivered a significant step-up in revenue and EBITDA growth in Q3, supported by industry growth, higher efficiencies and a more favourable business mix. We have increased our FY18 forecasts to reflect the strong Q3 results (revenue, EBITDA and net income forecasts rise by 4%, 15% and 26% respectively) and made more modest increases to our FY19 and FY20 forecasts. Our DCF valuation increases by 4% to RUB5,400/share, implying 20% potential upside to the current share price.

Last updated on 06/12/2018

Industry outlook

The Russian rail-freight market has attractive long-term fundamentals, as an increasing portion of goods are transported by rail containers at the expense of box cars. Current 'containerisation' levels of around 6% are well below Europe and the US, which leaves significant room for improvement.

Last updated on 29/11/2018

Key management

Alexander Shakhanov, Deputy Director for Capital Markets & IR

Company address

Oruzheyniy Pereulok 19
Moscow, Russian Federation
125047
Russian Federation
+7 495 788 17 17
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