Mobile Telesystems OJSC Stock Upgraded (MBT)
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- MOBILE TELESYSTEMS OJSC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, MOBILE TELESYSTEMS OJSC increased its bottom line by earning $1.46 versus $1.44 in the prior year. This year, the market expects an improvement in earnings ($1.74 versus $1.46).
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Wireless Telecommunication Services industry. The net income increased by 74.1% when compared to the same quarter one year prior, rising from $361.84 million to $630.01 million.
- The gross profit margin for MOBILE TELESYSTEMS OJSC is rather high; currently it is at 69.90%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 20.10% is above that of the industry average.
- MBT, with its decline in revenue, slightly underperformed the industry average of 4.7%. Since the same quarter one year prior, revenues slightly dropped by 4.3%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
- Compared to where it was 12 months ago, the stock is up, but it has so far lagged the appreciation in the S&P 500. The stock's price rise over the last year has driven it to a level which is somewhat expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
-- Written by a member of TheStreet Ratings Staff
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. FREE for a limited time only: Get TheStreet Ratings #1 Stock Report NOW!.
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