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DVEC

FAR-EASTERN ENERGY MISX:DVEC Stock Report

Last Price

₽0.97

Market Cap

₽16.7b

7D

0.2%

1Y

22.6%

Updated

24 Jun, 2022

Data

Company Financials
DVEC fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance1/6
Financial Health5/6
Dividends0/6

DVEC Stock Overview

Public joint stock company FAR-EASTERN ENERGY COMPANY supplies electricity to individuals and enterprises in Russia.

FAR-EASTERN ENERGY Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for FAR-EASTERN ENERGY
Historical stock prices
Current Share Price₽0.97
52 Week High₽2.57
52 Week Low₽0.54
Beta0.35
1 Month Change-4.34%
3 Month Changen/a
1 Year Change22.63%
3 Year Change-24.16%
5 Year Change115.56%
Change since IPO31.08%

Recent News & Updates

Sep 20
Is FAR-EASTERN ENERGY (MCX:DVEC) Using Too Much Debt?

Is FAR-EASTERN ENERGY (MCX:DVEC) Using Too Much Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

DVECRU Electric UtilitiesRU Market
7D0.2%1.9%-0.2%
1Y22.6%-25.6%-24.2%

Return vs Industry: DVEC exceeded the Russian Electric Utilities industry which returned -25.6% over the past year.

Return vs Market: DVEC exceeded the Russian Market which returned -24.2% over the past year.

Price Volatility

Is DVEC's price volatile compared to industry and market?
DVEC volatility
DVEC Average Weekly Movement11.3%
Electric Utilities Industry Average Movement7.8%
Market Average Movement7.7%
10% most volatile stocks in RU Market13.5%
10% least volatile stocks in RU Market4.8%

Stable Share Price: DVEC is more volatile than 75% of Russian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: DVEC's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of Russian stocks.

About the Company

FoundedEmployeesCEOWebsite
n/an/aViktor Milushhttps://www.dvec.ru

Public joint stock company FAR-EASTERN ENERGY COMPANY supplies electricity to individuals and enterprises in Russia. It purchases and sells electricity in the wholesale market. The company serves individuals and corporate customers in the territory of Primorsky Krai, Khabarovsk region, Amur region, and Jewish autonomous region.

FAR-EASTERN ENERGY Fundamentals Summary

How do FAR-EASTERN ENERGY's earnings and revenue compare to its market cap?
DVEC fundamental statistics
Market Cap₽16.69b
Earnings (TTM)₽1.65b
Revenue (TTM)₽118.75b

10.1x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DVEC income statement (TTM)
Revenue₽118.75b
Cost of Revenue₽87.76b
Gross Profit₽31.00b
Other Expenses₽29.34b
Earnings₽1.65b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.096
Gross Margin26.10%
Net Profit Margin1.39%
Debt/Equity Ratio67.1%

How did DVEC perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is DVEC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DVEC?

Other financial metrics that can be useful for relative valuation.

DVEC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.2x
Enterprise Value/EBITDA3.2x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does DVEC's PE Ratio compare to its peers?

DVEC PE Ratio vs Peers
The above table shows the PE ratio for DVEC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average15.3x

Price-To-Earnings vs Peers: DVEC is good value based on its Price-To-Earnings Ratio (10.1x) compared to the peer average (15.3x).


Price to Earnings Ratio vs Industry

How does DVEC's PE Ratio compare vs other companies in the Russian Electric Utilities Industry?

Price-To-Earnings vs Industry: DVEC is expensive based on its Price-To-Earnings Ratio (10.1x) compared to the Russian Electric Utilities industry average (6.1x)


Price to Earnings Ratio vs Fair Ratio

What is DVEC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DVEC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate DVEC's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of DVEC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DVEC (RUB0.97) is trading above our estimate of fair value (RUB0.92)

Significantly Below Fair Value: DVEC is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate DVEC's PEG Ratio to determine if it is good value.


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Future Growth

How is FAR-EASTERN ENERGY forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


2.6%

Forecasted Utilities industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as FAR-EASTERN ENERGY has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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  • Examine FAR-EASTERN ENERGY's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • FAR-EASTERN ENERGY competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has FAR-EASTERN ENERGY performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


46.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DVEC has a large one-off loss of RUB2.6B impacting its December 31 2021 financial results.

Growing Profit Margin: DVEC's current net profit margins (1.4%) are lower than last year (27.5%).


Past Earnings Growth Analysis

Earnings Trend: DVEC's earnings have grown significantly by 46.7% per year over the past 5 years.

Accelerating Growth: DVEC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: DVEC had negative earnings growth (-94.4%) over the past year, making it difficult to compare to the Electric Utilities industry average (6.5%).


Return on Equity

High ROE: DVEC's Return on Equity (8.2%) is considered low.


Discover strong past performing companies

Financial Health

How is FAR-EASTERN ENERGY's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: DVEC's short term assets (RUB18.6B) do not cover its short term liabilities (RUB29.9B).

Long Term Liabilities: DVEC's short term assets (RUB18.6B) exceed its long term liabilities (RUB9.4B).


Debt to Equity History and Analysis

Debt Level: DVEC's net debt to equity ratio (32.5%) is considered satisfactory.

Reducing Debt: DVEC had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: DVEC's debt is well covered by operating cash flow (56.2%).

Interest Coverage: DVEC's interest payments on its debt are well covered by EBIT (10.4x coverage).


Balance Sheet


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Dividend

What is FAR-EASTERN ENERGY current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate DVEC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate DVEC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if DVEC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DVEC's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as DVEC has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Viktor Milush

no data

Tenure

Mr. Viktor Vladimirovich Milush has been General Director of Joint Stock Company Far-Eastern Energy Company since November 25, 2009 and also serves as its Chairman of the Executive Board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Public joint stock company FAR-EASTERN ENERGY COMPANY's employee growth, exchange listings and data sources


Key Information

  • Name: Public joint stock company FAR-EASTERN ENERGY COMPANY
  • Ticker: DVEC
  • Exchange: MISX
  • Founded: NaN
  • Industry: Electric Utilities
  • Sector: Utilities
  • Implied Market Cap: ₽16.691b
  • Shares outstanding: 17.21b
  • Website: https://www.dvec.ru

Location

  • Public joint stock company FAR-EASTERN ENERGY COMPANY
  • ul. Tigrovaya, 19
  • Vladivostok
  • Primorsky kray
  • 690091
  • Russia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.