Company Valuation: Rosseti Volga

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 12,767 9,302 5,706 5,706 5,706 5,706
Change - -27.14% -38.66% 0% 0% 0%
Enterprise Value (EV) 1 20,825 17,255 15,558 10,584 9,761 7,761
Change - -17.14% -9.84% -31.97% -7.78% -20.49%
P/E -109x 9.47x -12.1x 1.92x 1.57x 0.5x
PBR 0.33x 0.23x 0.15x 0.14x 0.13x 0.1x
PEG - -0x 0x -0x 0.1x 0x
Capitalization / Revenue 0.21x 0.14x 0.09x 0.07x 0.07x 0.04x
EV / Revenue 0.34x 0.27x 0.23x 0.14x 0.12x 0.06x
EV / EBITDA 4.22x 2.68x 2.54x 1.08x 0.79x 0.37x
EV / EBIT 103x 13.3x 29.5x 2.56x 1.51x 0.53x
EV / FCF -9.19x 22.1x -5.73x 2.67x -3.06x 3.6x
FCF Yield -10.9% 4.52% -17.4% 37.5% -32.7% 27.8%
Dividend per Share 2 - 0.000323 - 0.0062 0.0074 -
Rate of return - 0.65% - 20.5% 24.4% -
EPS 2 -0.000622 0.005219 -0.002503 0.0158 0.0193 0.0601
Distribution rate - 6.19% - 39.3% 38.4% -
Net sales 1 60,392 64,904 66,801 77,045 83,411 129,254
EBITDA 1 4,935 6,450 6,129 9,829 12,370 20,867
EBIT 1 202.7 1,298 526.9 4,133 6,480 14,534
Net income 1 -117.2 982.9 -471.5 2,972 3,630 11,326
Net Debt 1 8,058 7,953 9,853 4,879 4,055 2,056
Reference price 2 0.0678 0.0494 0.0303 0.0303 0.0303 0.0303
Nbr of stocks (in thousands) 188,307,959 188,307,959 188,307,959 188,307,959 188,307,959 188,307,959
Announcement Date 3/10/21 3/17/22 3/22/23 3/18/24 3/18/25 3/25/26
1RUB in Million2RUB
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 70.97M
34.47x5.88x42.98x0.19% 283B
21.41x9.24x15.76x2.86% 180B
19.88x4.14x11.37x3.59% 152B
13.08x1.89x6.71x5.42% 109B
20.76x5.95x13.17x3.26% 107B
22.11x3.3x14.16x0.61% 100B
18.31x5.59x11.32x3.51% 96.62B
19.44x5.14x12.49x3.07% 68.38B
19.16x6.33x13.52x3.88% 60.48B
Average 20.96x 5.27x 15.72x 2.93% 115.62B
Weighted average by Cap. 23.13x 5.54x 19.94x 2.51%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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