Financials Second Generating Company of the Electric Power Wholesale Market

Equities

OGKB

RU000A0JNG55

Electric Utilities

End-of-day quote Moscow Micex - RTS 06:00:00 2022-07-07 pm EDT 5-day change 1st Jan Change
0.5863 RUB -12.49% Intraday chart for Second Generating Company of the Electric Power Wholesale Market -.--% -.--%

Valuation

Fiscal Period: December 2016 2017 2018 2019 2020 2021
Capitalization 1 52,997 47,304 33,591 62,162 80,622 70,130
Enterprise Value (EV) 1 118,493 101,498 71,085 115,169 125,952 108,276
P/E ratio 16.7 x 6.57 x 4.04 x 5.04 x 6.08 x 15.8 x
Yield 1.65% 3.65% 11.6% 9.67% 8.23% -
Capitalization / Revenue 0.39 x 0.33 x 0.23 x 0.46 x 0.67 x 0.5 x
EV / Revenue 0.88 x 0.72 x 0.5 x 0.86 x 1.04 x 0.76 x
EV / EBITDA 6.5 x 3.94 x 1.98 x 3.23 x 4.14 x 2.78 x
EV / FCF 37.2 x 10.2 x 5.18 x -144 x 12.4 x 7.14 x
FCF Yield 2.69% 9.82% 19.3% -0.69% 8.03% 14%
Price to Book 0.46 x 0.39 x 0.26 x 0.45 x 0.56 x 0.49 x
Nbr of stocks (in thousands) 105,910,166 105,920,206 106,067,197 110,412,745 110,441,161 110,441,161
Reference price 2 0.5004 0.4466 0.3167 0.5630 0.7300 0.6350
Announcement Date 3/6/17 5/3/18 3/6/19 3/5/20 3/5/21 3/4/22
1RUB in Million2RUB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2016 2017 2018 2019 2020 2021
Net sales 1 134,398 141,308 143,227 134,579 120,687 141,574
EBITDA 1 18,223 25,788 35,847 35,694 30,441 38,922
EBIT 1 8,856 14,556 22,968 22,599 17,706 26,370
Operating Margin 6.59% 10.3% 16.04% 16.79% 14.67% 18.63%
Earnings before Tax (EBT) 1 4,967 10,148 10,392 15,054 17,162 5,616
Net income 1 3,169 7,201 8,305 12,022 13,264 4,435
Net margin 2.36% 5.1% 5.8% 8.93% 10.99% 3.13%
EPS 2 0.0299 0.0680 0.0783 0.1117 0.1201 0.0402
Free Cash Flow 1 3,186 9,971 13,712 -799.6 10,120 15,159
FCF margin 2.37% 7.06% 9.57% -0.59% 8.39% 10.71%
FCF Conversion (EBITDA) 17.48% 38.66% 38.25% - 33.24% 38.95%
FCF Conversion (Net income) 100.52% 138.47% 165.11% - 76.3% 341.81%
Dividend per Share 2 0.008253 0.0163 0.0368 0.0544 0.0600 -
Announcement Date 3/6/17 5/3/18 3/6/19 3/5/20 3/5/21 3/4/22
1RUB in Million2RUB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2016 2017 2018 2019 2020 2021
Net Debt 1 65,496 54,194 37,494 53,007 45,330 38,146
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.594 x 2.101 x 1.046 x 1.485 x 1.489 x 0.9801 x
Free Cash Flow 1 3,186 9,971 13,712 -800 10,120 15,159
ROE (net income / shareholders' equity) 2.65% 6.11% 6.69% 9.09% 9.41% 3.09%
ROA (Net income/ Total Assets) 2.56% 4.21% 6.69% 6.43% 4.91% 7.59%
Assets 1 123,624 171,152 124,225 186,950 269,890 58,470
Book Value Per Share 2 1.080 1.140 1.200 1.240 1.310 1.290
Cash Flow per Share 2 0.0400 0.0500 0.0600 0 0 0
Capex 1 14,813 10,081 8,885 9,460 6,910 14,832
Capex / Sales 11.02% 7.13% 6.2% 7.03% 5.73% 10.48%
Announcement Date 3/6/17 5/3/18 3/6/19 3/5/20 3/5/21 3/4/22
1RUB in Million2RUB
Estimates
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