MISX:ENRU

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Executive Summary

Public Joint-Stock Company Enel Russia generates and sells electric power and heat in Russia. More Details


Snowflake Analysis

Adequate balance sheet with proven track record and pays a dividend.


Similar Companies

Share Price & News

How has Enel Russia's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ENRU is less volatile than 75% of Russian stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: ENRU's weekly volatility (1%) has been stable over the past year.


Market Performance


7 Day Return

0.4%

ENRU

-1.8%

RU Electric Utilities

-3.2%

RU Market


1 Year Return

-6.2%

ENRU

3.3%

RU Electric Utilities

-1.7%

RU Market

Return vs Industry: ENRU underperformed the Russian Electric Utilities industry which returned -0.3% over the past year.

Return vs Market: ENRU underperformed the Russian Market which returned -4% over the past year.


Shareholder returns

ENRUIndustryMarket
7 Day0.4%-1.8%-3.2%
30 Day2.9%1.9%2.5%
90 Day3.7%10.7%20.1%
1 Year2.2%-6.2%7.8%3.3%4.8%-1.7%
3 Year-18.3%-40.9%40.8%21.0%52.3%25.9%
5 Year91.7%30.5%196.9%135.1%134.1%77.2%

Long-Term Price Volatility Vs. Market

How volatile is Enel Russia's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Enel Russia undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ENRU (RUB0.92) is trading below our estimate of fair value (RUB2.82)

Significantly Below Fair Value: ENRU is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ENRU's PE Ratio (8x) is in line with the RU Electric Utilities industry average.

PE vs Market: ENRU is good value based on its PE Ratio (8x) compared to the Russian market (11.9x).


Price to Earnings Growth Ratio

PEG Ratio: ENRU is poor value based on its PEG Ratio (2.4x)


Price to Book Ratio

PB vs Industry: ENRU is overvalued based on its PB Ratio (0.8x) compared to the RU Electric Utilities industry average (0.7x).


Next Steps

Future Growth

How is Enel Russia forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

3.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ENRU's forecast earnings growth (3.4% per year) is below the savings rate (7.7%).

Earnings vs Market: ENRU's earnings (3.4% per year) are forecast to grow slower than the Russian market (25.6% per year).

High Growth Earnings: ENRU's earnings are forecast to grow, but not significantly.

Revenue vs Market: ENRU's revenue (4.9% per year) is forecast to grow slower than the Russian market (8% per year).

High Growth Revenue: ENRU's revenue (4.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ENRU's Return on Equity is forecast to be low in 3 years time (10.7%).


Next Steps

Past Performance

How has Enel Russia performed over the past 5 years?

65.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ENRU has high quality earnings.

Growing Profit Margin: ENRU's current net profit margins (9.1%) are higher than last year (3.8%).


Past Earnings Growth Analysis

Earnings Trend: ENRU has become profitable over the past 5 years, growing earnings by 65.4% per year.

Accelerating Growth: ENRU's earnings growth over the past year (47.1%) is below its 5-year average (65.4% per year).

Earnings vs Industry: ENRU earnings growth over the past year (47.1%) exceeded the Electric Utilities industry -0.02%.


Return on Equity

High ROE: ENRU's Return on Equity (10.1%) is considered low.


Next Steps

Financial Health

How is Enel Russia's financial position?


Financial Position Analysis

Short Term Liabilities: ENRU's short term assets (RUB22.1B) exceed its short term liabilities (RUB12.3B).

Long Term Liabilities: ENRU's short term assets (RUB22.1B) do not cover its long term liabilities (RUB22.9B).


Debt to Equity History and Analysis

Debt Level: ENRU's debt to equity ratio (56.9%) is considered high.

Reducing Debt: ENRU's debt to equity ratio has reduced from 97.5% to 56.9% over the past 5 years.

Debt Coverage: ENRU's debt is well covered by operating cash flow (39.4%).

Interest Coverage: ENRU's interest payments on its debt are well covered by EBIT (48x coverage).


Balance Sheet


Next Steps

Dividend

What is Enel Russia current dividend yield, its reliability and sustainability?

9.16%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ENRU's dividend (9.25%) is higher than the bottom 25% of dividend payers in the Russian market (3.87%).

High Dividend: ENRU's dividend (9.25%) is in the top 25% of dividend payers in the Russian market (7.73%)


Stability and Growth of Payments

Stable Dividend: ENRU has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: ENRU's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (73.7%), ENRU's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ENRU's dividends in 3 years are forecast to be covered by earnings (82.5% payout ratio).


Next Steps

Management

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

1.1yrs

Average management tenure


CEO

Stefan Zweguintzow (52 yo)

0.67

Tenure

Mr. Stefan Maurice Zweguintzow serves as Member of Management Board at Public Joint-Stock Company Enel Russia since 2020 and has been its Chairman of Management Board since September 2020. Mr. Zweguintzow ...


Leadership Team

NamePositionTenureCompensationOwnership
Stephane Zweguintzow
General Director0.67yrno datano data
Simone Mori
Head of Europe & Euro-Mediterranean Affairs and Deputy Chairman1.58yrsno datano data
Yulia Matyushova
Head of Administration3.83yrsno datano data
Oleg Kosmenyuk
Deputy General Directorno datano datano data
Matvej Atzeni Moskvitin
Member of Executive Board0.33yrno datano data
Mikhail Vereshchagin
Member of Executive Board0.33yrno datano data
E. Dubtcova
Chief Accountantno datano datano data
Ilya Kalinin
Investor Relations Managerno datano datano data
Zhanna Sedova
Corporate Secretary and Head of Legal & Corporate Affairsno datano datano data
Alsu Haidyarovna Zagorskaya
Head of Communications3yrsno datano data
Viktor Valeryevich Naboychenko
Head of Regulatory and Institutional Affairsno datano datano data
Abdula Shukran
Head of Internal Auditno datano datano data

1.1yrs

Average Tenure

50yo

Average Age

Experienced Management: ENRU's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Simone Mori
Head of Europe & Euro-Mediterranean Affairs and Deputy Chairman1.58yrsno datano data
Boris Tarasov
Chief Engineer14yrsno datano data
Tagir Sitdekov
Non-Executive Director5.58yrsno datano data
Giorgio Callegari
Chairman & Senior Independent Director0.75yrno datano data
Laurent Souviron
Non-Executive Director1.58yrsno datano data
Giancarlo Pescini
Non-Executive Director1.58yrsno datano data
Luca Noviello
Non-Executive Director0.58yrno datano data
Denis Mosolov
Independent Director4.58yrsno datano data
Andrea Palazzolo
Independent Director3yrsno datano data
Maria Giannelli
Non-Executive Director3yrsno datano data
Andrea Guaccero
Independent Director3yrsno datano data
Vitaliy Zarhin
Independent Director1.58yrsno datano data

2.3yrs

Average Tenure

48.5yo

Average Age

Experienced Board: ENRU's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new 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 Enel Russia's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Public Joint-Stock Company Enel Russia
  • Ticker: ENRU
  • Exchange: MISX
  • Founded: 2004
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: ₽32.489b
  • Shares outstanding: 35.37b
  • Website: https://www.enelrussia.ru

Location

  • Public Joint-Stock Company Enel Russia
  • 10, Khokhryakova street
  • Yekaterinburg
  • Sverdlovskaya obl.
  • 620014
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ENRUMISX (Micex - Rts)YesOrdinary SharesRURUBSep 2005
ELOK.YOTCPK (Pink Sheets LLC)GDRUSUSDSep 2009

Biography

Public Joint-Stock Company Enel Russia generates and sells electric power and heat in Russia. Its installed capacity is approximately 5,628.7 megawatts for power and 2,032 GCal/h for heat. The company was ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/26 18:07
End of Day Share Price2021/01/26 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.