Financials Rosseti Centre

Equities

MRKC

RU000A0JPPL8

Electric Utilities

End-of-day quote Moscow Micex - RTS 06:00:00 2022-07-07 pm EDT 5-day change 1st Jan Change
0.2466 RUB +0.33% Intraday chart for Rosseti Centre -.--% -.--%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 12,057 13,383 16,972 17,520 10,411 10,411
Enterprise Value (EV) 1 51,660 58,359 62,954 64,646 49,956 48,045
P/E ratio 4.11 x 4.34 x 8.27 x 4.12 x 2.15 x 1.32 x
Yield 7.27% 6.33% 8.33% 8.15% 18.3% -
Capitalization / Revenue 0.13 x 0.14 x 0.17 x 0.16 x 0.09 x 0.08 x
EV / Revenue 0.55 x 0.62 x 0.64 x 0.6 x 0.44 x 0.37 x
EV / EBITDA 2.93 x 3.52 x 3.21 x 2.85 x 2.13 x 1.84 x
EV / FCF 25.1 x 27.9 x 47.8 x 13.3 x 4.86 x -99 x
FCF Yield 3.98% 3.58% 2.09% 7.55% 20.6% -1.01%
Price to Book 0.27 x 0.3 x 0.36 x 0.35 x 0.2 x 0.17 x
Nbr of stocks (in thousands) 42,217,941 42,217,941 42,217,941 42,217,941 42,217,941 42,217,941
Reference price 2 0.2856 0.3170 0.4020 0.4150 0.2466 0.2466
Announcement Date 3/20/19 3/11/20 3/10/21 3/21/22 3/22/23 3/15/24
1RUB in Million2RUB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 93,935 94,642 97,639 108,101 114,589 128,454
EBITDA 1 17,611 16,595 19,617 22,721 23,423 26,122
EBIT 1 8,130 6,517 8,602 10,995 11,717 14,737
Operating Margin 8.65% 6.89% 8.81% 10.17% 10.22% 11.47%
Earnings before Tax (EBT) 1 4,095 4,661 3,314 6,409 7,608 11,026
Net income 1 2,935 3,082 2,051 4,251 4,845 7,882
Net margin 3.12% 3.26% 2.1% 3.93% 4.23% 6.14%
EPS 2 0.0695 0.0730 0.0486 0.1007 0.1148 0.1867
Free Cash Flow 1 2,056 2,089 1,317 4,878 10,280 -485.3
FCF margin 2.19% 2.21% 1.35% 4.51% 8.97% -0.38%
FCF Conversion (EBITDA) 11.68% 12.59% 6.71% 21.47% 43.89% -
FCF Conversion (Net income) 70.05% 67.79% 64.21% 114.75% 212.18% -
Dividend per Share 2 0.0208 0.0201 0.0335 0.0338 0.0452 -
Announcement Date 3/20/19 3/11/20 3/10/21 3/21/22 3/22/23 3/15/24
1RUB in Million2RUB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 39,603 44,976 45,982 47,126 39,545 37,634
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.249 x 2.71 x 2.344 x 2.074 x 1.688 x 1.441 x
Free Cash Flow 1 2,056 2,089 1,317 4,878 10,280 -485
ROE (net income / shareholders' equity) 6.85% 6.93% 4.6% 8.83% 9.43% 14%
ROA (Net income/ Total Assets) 4.79% 3.6% 4.48% 5.45% 5.42% 6.38%
Assets 1 61,268 85,694 45,752 78,048 89,373 123,467
Book Value Per Share 2 1.060 1.070 1.110 1.190 1.240 1.430
Cash Flow per Share 2 0.0200 0.0400 0.0300 0.0400 0.1500 0.1800
Capex 1 13,098 11,998 13,642 16,040 14,485 20,127
Capex / Sales 13.94% 12.68% 13.97% 14.84% 12.64% 15.67%
Announcement Date 3/20/19 3/11/20 3/10/21 3/21/22 3/22/23 3/15/24
1RUB in Million2RUB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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