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AB Inter RAO Lietuva

WSE:IRL
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IRL
WSE
PLN250M
Market Cap
  1. Home
  2. PL
  3. Utilities
Company description

AB INTER RAO Lietuva, together with its subsidiaries, supplies electricity in Lithuania, Latvia, Estonia, the Russian Federation, Belarus, and Poland. The last earnings update was 13 days ago. More info.


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IRL Share Price and Events
7 Day Returns
3.3%
WSE:IRL
-1.1%
PL Electric Utilities
1.5%
PL Market
1 Year Returns
15.2%
WSE:IRL
-9.7%
PL Electric Utilities
-5%
PL Market
IRL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AB Inter RAO Lietuva (IRL) 3.3% 0% -2.3% 15.2% -21.9% -16.3%
PL Electric Utilities -1.1% -5.1% -24.7% -9.7% -28.3% -58.8%
PL Market 1.5% -5.9% -5.4% -5% 8.4% -9.9%
1 Year Return vs Industry and Market
  • IRL outperformed the Electric Utilities industry which returned -9.7% over the past year.
  • IRL outperformed the Market in Poland which returned -5% over the past year.
Price Volatility
IRL
Industry
5yr Volatility vs Market

IRL Value

 Is AB Inter RAO Lietuva undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of AB Inter RAO Lietuva to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for AB Inter RAO Lietuva.

WSE:IRL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year PL Government Bond Rate 2.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WSE:IRL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 6%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.24
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.235 (1 + (1- 15%) (12.52%))
0.504
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (0.8 * 5.96%)
7.62%

Discounted Cash Flow Calculation for WSE:IRL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for AB Inter RAO Lietuva is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WSE:IRL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.62%)
2019 34.23 Est @ 32.47% 31.80
2020 42.30 Est @ 23.58% 36.52
2021 49.64 Est @ 17.36% 39.83
2022 56.10 Est @ 13.01% 41.82
2023 61.69 Est @ 9.96% 42.73
2024 66.52 Est @ 7.83% 42.82
2025 70.73 Est @ 6.33% 42.31
2026 74.47 Est @ 5.29% 41.39
2027 77.86 Est @ 4.56% 40.21
2028 81.01 Est @ 4.05% 38.88
Present value of next 10 years cash flows €398.31
WSE:IRL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €81.01 × (1 + 2.85%) ÷ (7.62% – 2.85%)
€1,747.55
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,747.55 ÷ (1 + 7.62%)10
€838.65
WSE:IRL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €398.31 + €838.65
€1,236.97
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,236.97 / 20.00
€61.85
WSE:IRL Discount to Share Price
Calculation Result
Exchange Rate EUR/PLN
(Reporting currency to currency of WSE:IRL)
4.302
Value per Share
(PLN)
= Value per Share in EUR x Exchange Rate (EUR/PLN)
= €61.85 x 4.302
PLN266.09
Value per share (PLN) From above. PLN266.09
Current discount Discount to share price of PLN12.50
= -1 x (PLN12.50 - PLN266.09) / PLN266.09
95.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price AB Inter RAO Lietuva is available for.
Intrinsic value
>50%
Share price is PLN12.5 vs Future cash flow value of PLN266.09
Current Discount Checks
For AB Inter RAO Lietuva to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • AB Inter RAO Lietuva's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • AB Inter RAO Lietuva's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for AB Inter RAO Lietuva's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AB Inter RAO Lietuva's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:IRL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €0.77
WSE:IRL Share Price ** WSE (2019-05-23) in PLN PLN12.5
WSE:IRL Share Price converted to EUR reporting currency Exchange rate (PLN/ EUR) 0.232 €2.91
Poland Electric Utilities Industry PE Ratio Median Figure of 6 Publicly-Listed Electric Utilities Companies 8.26x
Poland Market PE Ratio Median Figure of 463 Publicly-Listed Companies 10.75x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of AB Inter RAO Lietuva.

WSE:IRL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= WSE:IRL Share Price ÷ EPS (both in EUR)

= 2.91 ÷ 0.77

3.8x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AB Inter RAO Lietuva is good value based on earnings compared to the PL Electric Utilities industry average.
  • AB Inter RAO Lietuva is good value based on earnings compared to the Poland market.
Price based on expected Growth
Does AB Inter RAO Lietuva's expected growth come at a high price?
Raw Data
WSE:IRL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-34.2%per year
Europe Electric Utilities Industry PEG Ratio Median Figure of 32 Publicly-Listed Electric Utilities Companies 1.42x
Poland Market PEG Ratio Median Figure of 113 Publicly-Listed Companies 0.93x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for AB Inter RAO Lietuva, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on AB Inter RAO Lietuva's assets?
Raw Data
WSE:IRL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €1.62
WSE:IRL Share Price * WSE (2019-05-23) in PLN PLN12.5
WSE:IRL Share Price converted to EUR reporting currency Exchange rate (PLN/ EUR) 0.232 €2.91
Poland Electric Utilities Industry PB Ratio Median Figure of 7 Publicly-Listed Electric Utilities Companies 0.31x
Poland Market PB Ratio Median Figure of 689 Publicly-Listed Companies 0.97x
WSE:IRL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WSE:IRL Share Price ÷ Book Value per Share (both in EUR)

= 2.91 ÷ 1.62

1.79x

* Primary Listing of AB Inter RAO Lietuva.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AB Inter RAO Lietuva is overvalued based on assets compared to the PL Electric Utilities industry average.
X
Value checks
We assess AB Inter RAO Lietuva's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electric Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electric Utilities industry average (and greater than 0)? (1 check)
  5. AB Inter RAO Lietuva has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

IRL Future Performance

 How is AB Inter RAO Lietuva expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover AB Inter RAO Lietuva, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-34.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AB Inter RAO Lietuva expected to grow at an attractive rate?
  • AB Inter RAO Lietuva's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.9%.
Growth vs Market Checks
  • AB Inter RAO Lietuva's earnings are expected to decrease over the next 1-3 years, this is below the Poland market average.
  • Unable to compare AB Inter RAO Lietuva's revenue growth to the Poland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
WSE:IRL Future Growth Rates Data Sources
Data Point Source Value (per year)
WSE:IRL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -34.2%
Poland Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 26%
Poland Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10.1%
Poland Market Revenue Growth Rate Market Cap Weighted Average 5.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WSE:IRL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WSE:IRL Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 336 26 15
2018-12-31 288 30 11
2018-09-30 242 31 11
2018-06-30 199 17 7
2018-03-31 190 16 9
2017-12-31 179 10 9
2017-09-30 188 13 9
2017-06-30 184 12 8
2017-03-31 181 8 8
2016-12-31 179 13 9
2016-09-30 174 14 12
2016-06-30 183 22 16

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AB Inter RAO Lietuva's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if AB Inter RAO Lietuva is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WSE:IRL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from AB Inter RAO Lietuva Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:IRL Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 0.77
2018-12-31 0.57
2018-09-30 0.54
2018-06-30 0.33
2018-03-31 0.45
2017-12-31 0.45
2017-09-30 0.43
2017-06-30 0.41
2017-03-31 0.40
2016-12-31 0.46
2016-09-30 0.61
2016-06-30 0.80

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if AB Inter RAO Lietuva will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess AB Inter RAO Lietuva's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Poland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Poland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
AB Inter RAO Lietuva has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

IRL Past Performance

  How has AB Inter RAO Lietuva performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare AB Inter RAO Lietuva's growth in the last year to its industry (Electric Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • AB Inter RAO Lietuva's year on year earnings growth rate has been positive over the past 5 years.
  • AB Inter RAO Lietuva's 1-year earnings growth exceeds its 5-year average (70.9% vs 0.6%)
  • AB Inter RAO Lietuva's earnings growth has exceeded the PL Electric Utilities industry average in the past year (70.9% vs -39.1%).
Earnings and Revenue History
AB Inter RAO Lietuva's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from AB Inter RAO Lietuva Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:IRL Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 335.88 15.31 5.28
2018-12-31 288.27 11.45 5.14
2018-09-30 241.87 10.75 4.96
2018-06-30 199.05 6.53 4.99
2018-03-31 190.32 8.96 4.90
2017-12-31 179.38 8.97 4.78
2017-09-30 188.09 8.57 4.60
2017-06-30 183.58 8.21 4.50
2017-03-31 181.34 8.06 4.46
2016-12-31 178.88 9.26 4.38
2016-09-30 174.10 12.21 4.38
2016-06-30 183.39 16.06 4.27
2016-03-31 183.94 17.43 4.10
2015-12-31 186.69 18.82 4.15
2015-09-30 190.34 17.71 4.52
2015-06-30 202.73 15.04 4.43
2015-03-31 239.63 15.18 4.72
2014-12-31 210.36 12.34 4.09
2014-09-30 214.06 10.34 3.80
2014-06-30 204.36 2.65 3.89
2014-03-31 209.51 2.00 3.98
2013-12-31 219.50 0.78 3.97
2013-09-30 226.47 2.53 5.50
2013-06-30 237.83 12.02 4.61
2013-03-31 251.17 15.07 4.37
2012-12-31 259.94 16.83 4.10
2012-09-30 268.30 17.24 3.36
2012-06-30 275.97 17.61 2.60

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • AB Inter RAO Lietuva made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • AB Inter RAO Lietuva used its assets more efficiently than the PL Electric Utilities industry average last year based on Return on Assets.
  • AB Inter RAO Lietuva's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess AB Inter RAO Lietuva's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electric Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
AB Inter RAO Lietuva has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

IRL Health

 How is AB Inter RAO Lietuva's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up AB Inter RAO Lietuva's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AB Inter RAO Lietuva is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AB Inter RAO Lietuva's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of AB Inter RAO Lietuva's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 7.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from AB Inter RAO Lietuva Company Filings, last reported 1 month ago.

WSE:IRL Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 32.39 7.28 23.78
2018-12-31 17.46 7.80 20.74
2018-09-30 19.13 8.62 19.48
2018-06-30 9.53 9.44 4.13
2018-03-31 20.31 10.27 8.72
2017-12-31 17.97 14.94 5.35
2017-09-30 15.10 20.15 8.08
2017-06-30 13.57 20.94 6.92
2017-03-31 21.32 13.60 6.49
2016-12-31 19.02 15.73 7.42
2016-09-30 16.34 25.22 11.51
2016-06-30 14.85 29.01 13.56
2016-03-31 28.36 16.94 18.22
2015-12-31 25.00 24.11 19.76
2015-09-30 19.42 29.35 16.42
2015-06-30 15.15 29.47 7.26
2015-03-31 22.91 21.25 9.00
2014-12-31 17.91 24.98 11.23
2014-09-30 13.67 25.67 6.36
2014-06-30 11.54 26.28 5.30
2014-03-31 13.42 23.93 5.14
2013-12-31 9.64 29.99 4.40
2013-09-30
2013-06-30 12.75 31.77 7.33
2013-03-31 16.39 28.09 3.25
2012-12-31 16.39 28.08 3.25
2012-09-30 16.41 28.12 3.25
2012-06-30 8.95 29.07 8.05
  • AB Inter RAO Lietuva's level of debt (22.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (178.9% vs 22.5% today).
  • Debt is well covered by operating cash flow (355.3%, greater than 20% of total debt).
  • AB Inter RAO Lietuva earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess AB Inter RAO Lietuva's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. AB Inter RAO Lietuva has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

IRL Dividends

 What is AB Inter RAO Lietuva's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
12.39%
Current annual income from AB Inter RAO Lietuva dividends.
If you bought PLN2,000 of AB Inter RAO Lietuva shares you are expected to receive PLN248 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • AB Inter RAO Lietuva's pays a higher dividend yield than the bottom 25% of dividend payers in Poland (2.82%).
  • AB Inter RAO Lietuva's dividend is above the markets top 25% of dividend payers in Poland (7.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WSE:IRL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 44 Stocks 4.5%
Poland Market Average Dividend Yield Market Cap Weighted Average of 200 Stocks 4.2%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.4%
Poland Bottom 25% Dividend Yield 25th Percentile 2.8%
Poland Top 25% Dividend Yield 75th Percentile 7.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WSE:IRL Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-22 0.360 12.195
2018-02-23 0.360 16.368
2017-02-24 0.510 17.788
2016-08-31 0.805 24.247
2016-02-19 0.805 20.437
2015-02-27 0.560 13.426
2014-02-20 0.188 4.331
2013-04-30 0.388 6.351

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AB Inter RAO Lietuva has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • AB Inter RAO Lietuva has only been paying a dividend for 6 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of AB Inter RAO Lietuva's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess AB Inter RAO Lietuva's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can AB Inter RAO Lietuva afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AB Inter RAO Lietuva has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

IRL Management

 What is the CEO of AB Inter RAO Lietuva's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Giedrius Balciunas
COMPENSATION €570,000
TENURE AS CEO 16 years
CEO Bio

Mr. Giedrius Balciunas has been the Chief Executive Officer and Member of the Management Board at AB Inter RAO Lietuva since 2003 and since July 20, 2012 respectively. Mr. Balciunas has been Director General of AB Inter RAO Lietuva since 2003. He has long-lasting relationships with AB Inter RAO Lietuva, starting in 2003. He has been INTER RAO Eesti OU Member of the Management Board since 2010 and UAB Alproka member of the management board since 2006. He also served as member of the management board at AB Inter RAO Lietuva from 2007 to 2008 and UAB Vj spektras (Vydmantai Wind Park) member of the management board in 2011. He held managerial position at JSC Kauno audiniu komercija from 1997 to 2003. Mr. Balciunas is a graduate of the Kaunas Polytechnic Institute.

CEO Compensation
  • Insufficient data for Giedrius to compare compensation growth.
  • Insufficient data for Giedrius to establish whether their remuneration is reasonable compared to companies of similar size in Poland.
Management Team Tenure

Average tenure of the AB Inter RAO Lietuva management team in years:

11.8
Average Tenure
  • The average tenure for the AB Inter RAO Lietuva management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Giedrius Balciunas

TITLE
CEO, Director General & Member of the Board
COMPENSATION
€570K
TENURE
16 yrs

Vidas Cebatariunas

TITLE
Director of Commerce & Member of the Management Board
COMPENSATION
€550K
TENURE
12.1 yrs

Nerijus Veiksa

TITLE
Director of Legal Department
COMPENSATION
€140K
TENURE
12.1 yrs

Jonas Garbaravicius

TITLE
Counsellor of CEO & Member of Supervisory Council
COMPENSATION
€470K

Aiste Vaitaityte

TITLE
Deputy Chief Executive Officer
COMPENSATION
€120K
TENURE
13.9 yrs

Paulius Vazniokas

TITLE
Economic Director
COMPENSATION
€530K
TENURE
11.6 yrs

Alexandra Panina

TITLE
Chairman of the Board
TENURE
0.8 yrs

Evgeniy Miroshnichenko

TITLE
Member of The Board
AGE
38
TENURE
3.3 yrs

Evgeny Sarymsakov

TITLE
Member of the Management Board

Edita Vagoniene

TITLE
Chief Accountant
TENURE
6.6 yrs
Board of Directors Tenure

Average tenure of the AB Inter RAO Lietuva board of directors in years:

3.1
Average Tenure
  • The tenure for the AB Inter RAO Lietuva board of directors is about average.
Board of Directors

Evgeniya Popova

TITLE
Chairwomen of the Supervisory Council
TENURE
2.3 yrs

Jonas Garbaravicius

TITLE
Counsellor of CEO & Member of Supervisory Council
COMPENSATION
€470K
TENURE
6.6 yrs

Danielis Klicmanas

TITLE
Member of the Supervisory Council
TENURE
3.1 yrs

Rytis Davidovicius

TITLE
Member of the Supervisory Council
TENURE
3.1 yrs

Vasily Kulikov

TITLE
Member of the Supervisory Council
TENURE
3.1 yrs

Victor Kolotievskiy

TITLE
Member of the Supervisory Council
TENURE
3.1 yrs

Valerian Goncharov

TITLE
Member of the Supervisory Board
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (PLN) Value (PLN)
X
Management checks
We assess AB Inter RAO Lietuva's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. AB Inter RAO Lietuva has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

IRL News

Simply Wall St News

Is AB Inter RAO Lietuva's (WSE:IRL) P/E Ratio Really That Good?

The formula for P/E is: Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS) Or for AB Inter RAO Lietuva: P/E of 3.79 = €2.9 (Note: this is the share price in the reporting currency, namely, EUR ) ÷ €0.77 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good? … How Does AB Inter RAO Lietuva's P/E Ratio Compare To Its Peers? … The Verdict On AB Inter RAO Lietuva's P/E Ratio AB Inter RAO Lietuva trades on a P/E ratio of 3.8, which is below the PL market average of 10.8.

Simply Wall St -

A Holistic Look At AB Inter RAO Lietuva (WSE:IRL)

Help shape the future of investing tools and you could win a $250 gift card! … I've been keeping an eye on AB Inter RAO Lietuva (WSE:IRL) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe IRL has a lot to offer.

Simply Wall St -

Can AB Inter RAO Lietuva (WSE:IRL) Maintain Its Strong Returns?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows AB Inter RAO Lietuva has a return on equity of 66% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Volatility 101: Should AB Inter RAO Lietuva (WSE:IRL) Shares Have Dropped 35%?

While not a mind-blowing move, it is good to see that the AB Inter RAO Lietuva (WSE:IRL) share price has gained 22% in the last three months. … During the unfortunate half decade during which the share price slipped, AB Inter RAO Lietuva actually saw its earnings per share (EPS) improve by 71% per year. … Because of the sharp contrast between the EPS growth rate and the share price growth, we're inclined to look to other metrics to understand the changing market sentiment around the stock.

Simply Wall St -

Despite Its High P/E Ratio, Is AB Inter RAO Lietuva (WSE:IRL) Still Undervalued?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … AB Inter RAO Lietuva has a price to earnings ratio of 5.43, based on the last twelve months. … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS)

Simply Wall St -

Should You Like AB Inter RAO Lietuva’s (WSE:IRL) High Return On Capital Employed?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Is AB Inter RAO Lietuva (WSE:IRL) A Financially Sound Company?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … So, understanding the company's financial health becomes. … Here are few basic financial health checks you should consider before taking the plunge.

Simply Wall St -

Do You Like AB Inter RAO Lietuva (WSE:IRL) At This P/E Ratio?

We'll look at AB Inter RAO Lietuva's (WSE:IRL) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS) … P/E of 3.56 = €1.91 (Note: this is the share price in the reporting currency, namely, EUR ) ÷ €0.54

Simply Wall St -

How Much is AB Inter RAO Lietuva's (WSE:IRL) CEO Getting Paid?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Giedrius Balciunas's Compensation Compare With Similar Sized Companies. … It would therefore appear that AB Inter RAO Lietuva pays Giedrius Balciunas more than the median CEO remuneration at companies of a similar size, in the same market

Simply Wall St -

AB Inter RAO Lietuva (WSE:IRL): Time For A Financial Health Check

However, an important fact which most ignore is: how financially healthy is the business? … Assessing first and foremost the financial health is. … Here are few basic financial health checks you should consider before taking the plunge.

Simply Wall St -

IRL Company Info

Description

AB INTER RAO Lietuva, together with its subsidiaries, supplies electricity in Lithuania, Latvia, Estonia, the Russian Federation, Belarus, and Poland. The company engages in various forms of electricity trading, including the purchase and sale of electricity under bilateral contracts with other electricity suppliers, as well as on the power exchange; and supply of electricity to end users. It is also involved in the provision of balancing services for end-users and other wholesalers of electricity; sale and purchase of regulating and balancing electricity for the transmission system operators; and cross-border electricity trading. In addition, the company generates and supplies wind energy through a wind farm in Western Lithuania. The company was founded in 2002 and is based in Vilnius, Lithuania. AB INTER RAO Lietuva is a subsidiary of RAO Nordic Oy.

Details
Name: AB Inter RAO Lietuva
IRL
Exchange: WSE
Founded: 2002
PLN250,000,000
20,000,000
Website: http://www.interrao.lt
Address: AB Inter RAO Lietuva
A. Tumeno str. 4,
Block B,
Vilnius,
01109,
Lithuania
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE IRL Ordinary Registered Shares Warsaw Stock Exchange PL PLN 18. Dec 2012
LSE 0QCS Ordinary Registered Shares London Stock Exchange GB PLN 18. Dec 2012
Number of employees
Current staff
Staff numbers
39
AB Inter RAO Lietuva employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 21:57
End of day share price update: 2019/05/23 00:00
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.