Company Valuation: Mosenergo

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2023 2024 2025
Market Cap 1 82,142 83,394 76,796 76,796 76,796
Change - 1.52% - 0% 0%
Enterprise Value (EV) 1 87,801 97,128 80,378 79,987 79,673
Change - 10.62% - -0.49% -0.39%
P/E 10.2x 28.8x 20.9x 9.09x 12.2x
PBR 0.25x 0.26x 0.2x 0.21x 0.2x
PEG - -0.4x - 0x -0.5x
Capitalization / Revenue 0.45x 0.37x 0.31x 0.29x 0.26x
EV / Revenue 0.49x 0.43x 0.32x 0.3x 0.27x
EV / EBITDA 2.65x 2.44x 2.07x 2.4x 2.48x
EV / EBIT 8x 5.83x 10.7x 17.3x 8.69x
EV / FCF 5.35x -19.3x - 22.7x 25x
FCF Yield 18.7% -5.17% - 4.4% 4%
Dividend per Share 2 0.1794 0.2231 0.1604 - -
Rate of return 8.68% 10.6% 8.3% - -
EPS 2 0.2024 0.0728 0.0923 0.2125 0.1584
Distribution rate 88.7% 306% 174% - -
Net sales 1 180,908 225,158 247,731 262,973 290,691
EBITDA 1 33,072 39,873 38,845 33,291 32,116
EBIT 1 10,979 16,655 7,493 4,614 9,171
Net income 1 8,045 2,894 3,669 8,446 6,295
Net Debt 1 5,659 13,734 3,582 3,191 2,877
Reference price 2 2.066 2.098 1.932 1.932 1.932
Nbr of stocks (in thousands) 39,749,360 39,749,360 39,749,360 39,749,360 39,749,360
Announcement Date 3/9/21 3/5/22 3/6/26 3/6/26 3/10/26
1RUB in Million2RUB
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 944M
34.04x5.99x43.9x0.19% 281B
22.12x9.27x15.33x2.79% 185B
21.51x4.44x12.01x3.34% 165B
14.02x1.98x6.96x5.1% 116B
21.86x6.04x13.33x3.13% 110B
19.03x5.72x11.41x3.41% 100B
21.55x3.3x12.95x0.64% 94.28B
21.76x5.41x13.02x2.79% 75.46B
19.28x6.38x13.65x3.85% 61.03B
Average 21.68x 5.39x 15.84x 2.8% 118.75B
Weighted average by Cap. 23.57x 5.65x 19.88x 2.44%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA