Financials Rosseti Volga

Equities

MRKV

RU000A0JPPN4

Electric Utilities

End-of-day quote Moscow Micex - RTS 06:00:00 2022-07-07 pm EDT 5-day change 1st Jan Change
0.0303 RUB +0.50% Intraday chart for Rosseti Volga -.--% -.--%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 18,454 16,712 12,767 9,302 5,706 5,706
Enterprise Value (EV) 1 19,885 21,835 20,825 17,255 15,558 10,584
P/E ratio 3.23 x 4.27 x -109 x 9.47 x -12.1 x 1.92 x
Yield - 7.28% - 0.65% - -
Capitalization / Revenue 0.29 x 0.27 x 0.21 x 0.14 x 0.09 x 0.07 x
EV / Revenue 0.31 x 0.35 x 0.34 x 0.27 x 0.23 x 0.14 x
EV / EBITDA 1.72 x 2.34 x 4.22 x 2.68 x 2.54 x 1.08 x
EV / FCF 10.1 x 8.59 x -9.19 x 22.1 x -5.73 x 2.67 x
FCF Yield 9.9% 11.6% -10.9% 4.52% -17.4% 37.5%
Price to Book 0.48 x 0.43 x 0.33 x 0.23 x 0.15 x 0.14 x
Nbr of stocks (in thousands) 188,307,959 188,307,959 188,307,959 188,307,959 188,307,959 188,307,959
Reference price 2 0.0980 0.0888 0.0678 0.0494 0.0303 0.0303
Announcement Date 3/19/19 3/10/20 3/10/21 3/17/22 3/22/23 3/18/24
1RUB in Million2RUB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 63,686 62,976 60,392 64,904 66,801 77,045
EBITDA 1 11,552 9,317 4,935 6,450 6,129 9,829
EBIT 1 7,020 4,957 202.7 1,298 526.9 4,133
Operating Margin 11.02% 7.87% 0.34% 2% 0.79% 5.36%
Earnings before Tax (EBT) 1 7,293 4,941 -17.2 1,341 -495.7 3,841
Net income 1 5,710 3,913 -117.2 982.9 -471.5 2,972
Net margin 8.97% 6.21% -0.19% 1.51% -0.71% 3.86%
EPS 2 0.0303 0.0208 -0.000622 0.005219 -0.002503 0.0158
Free Cash Flow 1 1,968 2,541 -2,266 779.5 -2,714 3,965
FCF margin 3.09% 4.04% -3.75% 1.2% -4.06% 5.15%
FCF Conversion (EBITDA) 17.04% 27.28% - 12.09% - 40.34%
FCF Conversion (Net income) 34.46% 64.95% - 79.3% - 133.39%
Dividend per Share - 0.006462 - 0.000323 - -
Announcement Date 3/19/19 3/10/20 3/10/21 3/17/22 3/22/23 3/18/24
1RUB in Million2RUB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,430 5,122 8,058 7,953 9,853 4,879
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.1238 x 0.5498 x 1.633 x 1.233 x 1.608 x 0.4964 x
Free Cash Flow 1 1,968 2,541 -2,266 779 -2,714 3,965
ROE (net income / shareholders' equity) 15.3% 10.1% -0.3% 2.51% -1.2% 7.32%
ROA (Net income/ Total Assets) 8.28% 5.52% 0.21% 1.28% 0.5% 3.71%
Assets 1 68,937 70,896 -55,632 76,527 -94,829 80,163
Book Value Per Share 2 0.2100 0.2100 0.2000 0.2100 0.2100 0.2200
Cash Flow per Share 2 0.0100 0.0100 0 0 0 0.0200
Capex 1 6,592 8,025 7,788 7,164 8,394 8,598
Capex / Sales 10.35% 12.74% 12.9% 11.04% 12.57% 11.16%
Announcement Date 3/19/19 3/10/20 3/10/21 3/17/22 3/22/23 3/18/24
1RUB in Million2RUB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

  1. Stock Market
  2. Equities
  3. MRKV Stock
  4. Financials Rosseti Volga