FAR-EASTERN ENERGY Valuation

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

DVEC (RUB0.86) is trading below our estimate of [[fair value]] (RUB0.91)

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

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

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 (RUB0.86) is trading below our estimate of fair value (RUB0.91)

Significantly Below Fair Value: DVEC is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

Key metric: As DVEC is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DVEC. This is calculated by dividing DVEC's market cap by their current earnings.
What is DVEC's PE Ratio?
PE Ratio	9x
Earnings	₽1.65b
Market Cap	₽14.80b

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/Revenue	0.2x
Enterprise Value/EBITDA	3x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does DVEC's PE Ratio compare to its 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.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	4.4x
MRKU Interregional Distribution Grid Company of Urals	2.5x	n/a	₽13.3b
MRKP Rosseti Centre and Volga region	2.1x	n/a	₽20.3b
ENRU Enel Russia	5.8x	n/a	₽16.9b
KUBE Rosseti Kuban PJSC	7x	n/a	₽19.7b
DVEC FAR-EASTERN ENERGY	9x	n/a	₽14.8b

Price-To-Earnings vs Peers: DVEC is expensive based on its Price-To-Earnings Ratio (9x) compared to the peer average (4.4x).

Price to Earnings Ratio vs Industry

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

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: DVEC is expensive based on its Price-To-Earnings Ratio (9x) compared to the Russian Electric Utilities industry average (4.8x).

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 Ratio	9x
Fair PE Ratio	n/a

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

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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