Earnings Review and Free Research Report: Mobile TeleSystems’ Diluted EPS Soared 65.3%

LONDON, UK / ACCESSWIRE / September 18, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Public Joint-Stock Company Mobile TeleSystems (NYSE: MBT) (“Mobile TeleSystems”), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=MBT, following the Company’s release of its financial results on August 28, 2017, for the second quarter fiscal 2017. The Company’s operating income before depreciation and amortization (OIBDA) increased 8.2% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at:

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Earnings Reviewed

For three months ended June 30, 2017, Mobile TeleSystems’ revenue increased 0.7% to RUB106.8 billion from RUB106.1 billion in Q2 FY16.

During Q2 FY17, Mobile TeleSystems’ OIBDA increased 8.2% to RUB44.0 billion from RUB40.7 billion in Q2 FY16. During Q2 FY17, the Company’s OIBDA margin increased 290 basis points to 41.2% of revenue from 38.3% of revenue in Q2 FY16.

During Q2 FY17, Mobile TeleSystems’ selling, general, and administrative (SG&A) expenses increased 47 basis points to RUB23.42 billion from RUB23.31 billion in Q2 FY16. For the reported quarter, the Company’s selling, general, and administrative (D&A) expenses decreased 25 basis points to RUB20.12 billion from RUB20.17 billion in Q2 FY16.

During Q2 FY17, the Company’s operating income increased 16.4% to RUB23.86 billion from RUB20.49 billion in Q2 FY16. For the reported quarter, Mobile TeleSystems’ operating margin increased 300 basis points to 22.3% of revenue from 19.3% of revenue in Q2 FY16.

During Q2 FY17, Mobile TeleSystems’ net income increased 62.6% to RUB14.73 billion on a y-o-y basis from RUB9.06 billion in Q2 FY16. For the reported quarter, the Company’s diluted EPS increased 65.3% to RUB7.52 on a y-o-y basis from RUB4.55 in Q2 FY16.

Mobile TeleSystems’ Segment Details

Russia – During Q2 FY17, Russia segment’s revenue increased 1.6% to RUB99.0 billion, from RUB97.4 billion in Q2 FY16. For the reported quarter, the segment’s OIBDA increased 6% to RUB42.1 billion from RUB39.7 billion in Q2 FY16. During Q2 FY17, the segment’s OIBDA margin increased 170 basis points to 42.5% of revenue from 40.8% of revenue in Q2 FY16. For the reported quarter, the segment’s net income margin increased 380 basis points to 14.9% of revenue from 11.1% of revenue in Q2 FY16.

Ukraine – During Q2 FY17, Ukraine segment’s revenue increased 6.3% to UAH2.9 billion from UAH2.7 billion in Q2 FY16. For the reported quarter, the segment’s OIBDA increased 53.3% to UAH1.3 billion from UAH0.8 billion in Q2 FY16. During Q2 FY17, the segment’s OIBDA margin increased 1340 basis points to 43.5% of revenue from 30.1% of revenue in Q2 FY16. For the reported quarter, the segment’s net income margin increased 990 basis points to 18.0% of revenue from 8.1% of revenue in Q2 FY16.

Turkmenistan – During Q2 FY17, Turkmenistan segment’s revenue increased 4.7% to TMT69.2 million from TMT66.1 million in Q2 FY16. For the reported quarter, the segment’s OIBDA increased 11.3% to TMT24.6 million from TMT22.1 million in Q2 FY16. During Q2 FY17, the segment’s OIBDA margin increased 210 basis points to 35.5% of revenue from 33.4% of revenue in Q2 FY16. For the reported quarter, the segment’s net income margin increased 270 basis points to 17.1% of revenue from 14.4% of revenue in Q2 FY16.

Belarus – During Q2 FY17, Belarus segment’s revenue increased 13.5% to BYN183.8 million from BYN161.9 million in Q2 FY16. For the reported quarter, the segment’s OIBDA increased 15% to BYN87.1 million from BYN75.7 million in Q2 FY16. During Q2 FY17, the segment’s OIBDA margin increased 60 basis points to 47.4% of revenue from 46.8% of revenue in Q2 FY16. For the reported quarter, the segment’s net income margin decreased 270 basis points to 26.1% of revenue from 28.8% of revenue in Q2 FY16.

Balance Sheet

During Q2 FY17, the Company’s account receivables decreased 14 basis points to RUB4.34 billion from RUB4.40 billion in Q4 FY16.

For the reported quarter, Mobile TeleSystems’ inventories decreased 21.4% to RUB11.27 billion from RUB14.33 billion in Q4 FY16.

During H1 FY17, the Company’s cash provided by operating activities was RUB64.88 billion compared to RUB63.67 billion in H1 FY16. During H1 FY17, the Company’s debt decreased 1.4% to RUB187.0 billion from RUB189.7 billion in H1 FY16.

During H1 FY17, the Company’s free cash flow increased 69.3% to RUB40.6 billion from RUB24.0 billion in H1 FY16.

Outlook

For FY17, Mobile TeleSystems expects revenue growth to be in the range of negative 2% to positive 2%.

Stock Performance

Mobile TeleSystems’ share price finished last Friday’s trading session at $10.98, marginally advancing 0.09%. A total volume of 4.70 million shares have exchanged hands, which was higher than the 3-month average volume of 3.08 million shares. The Company’s stock price soared 24.35% in the last three months, 3.10% in the past six months, and 41.31% in the previous twelve months. Additionally, the stock surged 20.53% since the start of the year. Shares of the Company have a PE ratio of 11.14 and have a dividend yield of 9.65%. The stock currently has a market cap of $9.95 billion.

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