Financials Kazakhstan Electricity Grid Operating Company

Equities

KEGC

KZ1C00000959

Electric Utilities

End-of-day quote Kazakhstan S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
1,492 KZT -0.33% Intraday chart for Kazakhstan Electricity Grid Operating Company -.--% +0.67%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 441,218 486,333 421,203 407,984 410,735 - -
Enterprise Value (EV) 1 441,218 486,333 492,795 407,984 442,935 410,735 410,735
P/E ratio 8.25 x 12.4 x - - - - -
Yield - - - - - - -
Capitalization / Revenue - - 1.94 x 1.62 x 1.42 x 1.36 x -
EV / Revenue - - 2.27 x 1.62 x 1.53 x 1.36 x -
EV / EBITDA - - 4.8 x 3.69 x 3.07 x 2.82 x 2.78 x
EV / FCF - - - - 4.85 x 6.07 x 53.4 x
FCF Yield - - - - 20.6% 16.5% 1.87%
Price to Book - - - - - - -
Nbr of stocks (in thousands) 259,999 259,999 259,999 275,293 275,292 - -
Reference price 2 1,697 1,871 1,620 1,482 1,492 1,492 1,492
Announcement Date 4/5/21 4/6/22 3/9/23 3/7/24 - - -
1KZT in Million2KZT
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - - 217,256 252,136 289,700 303,000 -
EBITDA 1 - - 102,771 110,538 144,214 145,493 147,519
EBIT 1 - - 41,569 - 83,547 84,120 85,380
Operating Margin - - 19.13% - 28.84% 27.76% -
Earnings before Tax (EBT) - - - - - - -
Net income 53,465 39,164 - - - - -
Net margin - - - - - - -
EPS 205.6 150.6 - - - - -
Free Cash Flow 1 - - - - 91,304 67,663 7,687
FCF margin - - - - 31.52% 22.33% -
FCF Conversion (EBITDA) - - - - 63.31% 46.51% 5.21%
FCF Conversion (Net income) - - - - - - -
Dividend per Share - - - - - - -
Announcement Date 4/5/21 4/6/22 3/9/23 3/7/24 - - -
1KZT in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - 71,592 - 32,200 - -
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) - - 0.6966 x - 0.2233 x - -
Free Cash Flow 1 - - - - 91,304 67,663 7,687
ROE (net income / shareholders' equity) - - 3.85% - 7.9% 8.8% -
ROA (Net income/ Total Assets) - - - - 5.2% 5.6% -
Assets - - - - - - -
Book Value Per Share - - - - - - -
Cash Flow per Share - - - - - - -
Capex 1 - - 31,209 - 36,263 58,797 121,914
Capex / Sales - - 14.36% - 12.52% 19.4% -
Announcement Date 4/5/21 4/6/22 3/9/23 3/7/24 - - -
1KZT in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
1,492 KZT
Average target price
1,906 KZT
Spread / Average Target
+27.75%
Consensus

Annual profits - Rate of surprise

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