Loading...

Federal Hydro-Generating Company - RusHydro

MISX:HYDR
Snowflake Description

Good value with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HYDR
MISX
RUB259B
Market Cap
  1. Home
  2. RU
  3. Utilities
Company description

Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro, together with its subsidiaries, generates, transmits, distributes, and sells electricity and heat energy in Russia. The last earnings update was 9 days ago. More info.


Add to Portfolio Compare Print
HYDR Share Price and Events
7 Day Returns
5.4%
MISX:HYDR
4.7%
RU Electric Utilities
0.2%
RU Market
1 Year Returns
-12.8%
MISX:HYDR
10.3%
RU Electric Utilities
16.8%
RU Market
HYDR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Federal Hydro-Generating Company - RusHydro (HYDR) 5.4% 13.3% 20% -12.8% 5% -14.8%
RU Electric Utilities 4.7% 12.8% 17.3% 10.3% 49.6% 94.9%
RU Market 0.2% 7.3% 9.9% 16.8% 43.9% 93.1%
1 Year Return vs Industry and Market
  • HYDR underperformed the Electric Utilities industry which returned 10.3% over the past year.
  • HYDR underperformed the Market in Russian Federation which returned 16.8% over the past year.
Price Volatility
HYDR
Industry
5yr Volatility vs Market

HYDR Value

 Is Federal Hydro-Generating Company - RusHydro 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 Federal Hydro-Generating Company - RusHydro 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 Federal Hydro-Generating Company - RusHydro.

MISX:HYDR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 16%
Perpetual Growth Rate 10-Year RU Government Bond Rate 8.4%

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 MISX:HYDR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year RU Govt Bond Rate 8.4%
Equity Risk Premium S&P Global 9.4%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.28
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.28 (1 + (1- 20%) (76.81%))
0.633
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)
= 8.44% + (0.8 * 9.43%)
15.98%

Discounted Cash Flow Calculation for MISX:HYDR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Federal Hydro-Generating Company - RusHydro 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.

MISX:HYDR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (RUB, Millions) Source Present Value
Discounted (@ 15.98%)
2019 -12,827.00 Analyst x1 -11,059.28
2020 33,699.80 Analyst x5 25,051.35
2021 35,576.50 Analyst x4 22,801.79
2022 48,120.00 Analyst x2 26,590.92
2023 56,975.00 Analyst x1 27,145.25
2024 65,142.83 Est @ 14.34% 26,759.51
2025 73,329.38 Est @ 12.57% 25,971.17
2026 81,636.84 Est @ 11.33% 24,928.81
2027 90,177.90 Est @ 10.46% 23,742.00
2028 99,065.46 Est @ 9.86% 22,487.51
Present value of next 10 years cash flows RUB214,419.03
MISX:HYDR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= RUB99,065.46 × (1 + 8.44%) ÷ (15.98% – 8.44%)
RUB1,424,000.35
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= RUB1,424,000.35 ÷ (1 + 15.98%)10
RUB323,243.11
MISX:HYDR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= RUB214,419.03 + RUB323,243.11
RUB537,662.14
Equity Value per Share
(RUB)
= Total value / Shares Outstanding
= RUB537,662.14 / 429,436.65
RUB1.25
MISX:HYDR Discount to Share Price
Calculation Result
Value per share (RUB) From above. RUB1.25
Current discount Discount to share price of RUB0.60
= -1 x (RUB0.60 - RUB1.25) / RUB1.25
51.8%

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

Current Discount
Amount off the current price Federal Hydro-Generating Company - RusHydro is available for.
Intrinsic value
>50%
Share price is RUB0.6 vs Future cash flow value of RUB1.25
Current Discount Checks
For Federal Hydro-Generating Company - RusHydro to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Federal Hydro-Generating Company - RusHydro's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Federal Hydro-Generating Company - RusHydro'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 Federal Hydro-Generating Company - RusHydro's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Federal Hydro-Generating Company - RusHydro's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MISX:HYDR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in RUB RUB0.06
MISX:HYDR Share Price ** MISX (2019-06-14) in RUB RUB0.6
Russian Federation Electric Utilities Industry PE Ratio Median Figure of 36 Publicly-Listed Electric Utilities Companies 7.14x
Russian Federation Market PE Ratio Median Figure of 136 Publicly-Listed Companies 7.32x

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

** Primary Listing of Federal Hydro-Generating Company - RusHydro.

MISX:HYDR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= MISX:HYDR Share Price ÷ EPS (both in RUB)

= 0.6 ÷ 0.06

10.14x

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

  • Federal Hydro-Generating Company - RusHydro is overvalued based on earnings compared to the RU Electric Utilities industry average.
  • Federal Hydro-Generating Company - RusHydro is overvalued based on earnings compared to the Russian Federation market.
Price based on expected Growth
Does Federal Hydro-Generating Company - RusHydro's expected growth come at a high price?
Raw Data
MISX:HYDR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
23.6%per year
Russian Federation Electric Utilities Industry PEG Ratio Median Figure of 8 Publicly-Listed Electric Utilities Companies -0.32x
Russian Federation Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 0.68x

*Line of best fit is calculated by linear regression .

MISX:HYDR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.14x ÷ 23.6%

0.43x

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

  • Federal Hydro-Generating Company - RusHydro is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Federal Hydro-Generating Company - RusHydro's assets?
Raw Data
MISX:HYDR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in RUB RUB1.40
MISX:HYDR Share Price * MISX (2019-06-14) in RUB RUB0.6
Russian Federation Electric Utilities Industry PB Ratio Median Figure of 38 Publicly-Listed Electric Utilities Companies 0.63x
Russian Federation Market PB Ratio Median Figure of 153 Publicly-Listed Companies 0.79x
MISX:HYDR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= MISX:HYDR Share Price ÷ Book Value per Share (both in RUB)

= 0.6 ÷ 1.40

0.43x

* Primary Listing of Federal Hydro-Generating Company - RusHydro.

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

  • Federal Hydro-Generating Company - RusHydro is good value based on assets compared to the RU Electric Utilities industry average.
X
Value checks
We assess Federal Hydro-Generating Company - RusHydro'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. Federal Hydro-Generating Company - RusHydro 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.

HYDR Future Performance

 How is Federal Hydro-Generating Company - RusHydro expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

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
23.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Federal Hydro-Generating Company - RusHydro expected to grow at an attractive rate?
  • Federal Hydro-Generating Company - RusHydro's earnings growth is expected to exceed the low risk savings rate of 8.4%.
Growth vs Market Checks
  • Federal Hydro-Generating Company - RusHydro's earnings growth is expected to exceed the Russian Federation market average.
  • Federal Hydro-Generating Company - RusHydro's revenue growth is positive but not above the Russian Federation market average.
Annual Growth Rates Comparison
Raw Data
MISX:HYDR Future Growth Rates Data Sources
Data Point Source Value (per year)
MISX:HYDR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 23.6%
MISX:HYDR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 3%
Russian Federation Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 5.6%
Russian Federation Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 2.2%
Russian Federation Market Earnings Growth Rate Market Cap Weighted Average 2.8%
Russian Federation Market Revenue Growth Rate Market Cap Weighted Average 4.5%

*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
MISX:HYDR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in RUB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MISX:HYDR Future Estimates Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 432,788 69,722 3
2022-12-31 427,457 119,145 69,280 4
2021-12-31 415,087 101,350 55,541 6
2020-12-31 403,430 102,065 47,499 8
2019-12-31 380,568 98,274 24,559 7
MISX:HYDR Past Financials Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income *
2019-03-31 401,273 85,433 25,119
2018-12-31 400,418 84,551 31,229
2018-09-30 400,460 88,840 39,273
2018-06-30 394,338 86,802 40,827
2018-03-31 386,414 82,156 31,240
2017-12-31 380,864 78,125 26,403
2017-09-30 381,206 77,733 33,717
2017-06-30 384,636 72,126 35,543
2017-03-31 386,974 70,913 43,219
2016-12-31 391,322 71,373 40,205
2016-09-30 387,413 72,605 40,463
2016-06-30 379,858 78,169 36,591

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Federal Hydro-Generating Company - RusHydro's earnings are expected to grow significantly at over 20% yearly.
  • Federal Hydro-Generating Company - RusHydro's revenue is expected to grow by 3% yearly, however this is not considered high growth (20% yearly).
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
MISX:HYDR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Federal Hydro-Generating Company - RusHydro Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:HYDR Future Estimates Data
Date (Data in RUB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.19 0.19 0.19 1.00
2022-12-31 0.18 0.20 0.16 2.00
2021-12-31 0.13 0.15 0.11 6.00
2020-12-31 0.11 0.16 0.08 6.00
2019-12-31 0.05 0.08 0.01 5.00
MISX:HYDR Past Financials Data
Date (Data in RUB Millions) EPS *
2019-03-31 0.06
2018-12-31 0.07
2018-09-30 0.09
2018-06-30 0.10
2018-03-31 0.08
2017-12-31 0.07
2017-09-30 0.09
2017-06-30 0.09
2017-03-31 0.12
2016-12-31 0.11
2016-09-30 0.11
2016-06-30 0.10

*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.
  • Federal Hydro-Generating Company - RusHydro is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Federal Hydro-Generating Company - RusHydro'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 Russian Federation market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Russian Federation 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.
Federal Hydro-Generating Company - RusHydro has a total score of 3/6, 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.

HYDR Past Performance

  How has Federal Hydro-Generating Company - RusHydro 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 Federal Hydro-Generating Company - RusHydro'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.
  • Federal Hydro-Generating Company - RusHydro's year on year earnings growth rate has been positive over the past 5 years.
  • Federal Hydro-Generating Company - RusHydro's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Federal Hydro-Generating Company - RusHydro's 1-year earnings growth is negative, it can't be compared to the RU Electric Utilities industry average.
Earnings and Revenue History
Federal Hydro-Generating Company - RusHydro'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 Federal Hydro-Generating Company - RusHydro Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:HYDR Past Revenue, Cash Flow and Net Income Data
Date (Data in RUB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 401,273.00 25,119.00 1,752.00
2018-12-31 400,418.00 31,229.00 1,972.00
2018-09-30 400,460.00 39,273.00 31,001.00
2018-06-30 394,338.00 40,827.00 30,956.00
2018-03-31 386,414.00 31,240.00 31,685.00
2017-12-31 380,864.00 26,403.00 8,038.00
2017-09-30 381,206.00 33,717.00 7,972.00
2017-06-30 384,636.00 35,543.00 8,774.00
2017-03-31 386,974.00 43,219.00 8,904.00
2016-12-31 391,322.00 40,205.00 9,288.00
2016-09-30 387,413.00 40,463.00 10,180.00
2016-06-30 379,858.00 36,591.00 8,452.00
2016-03-31 371,865.00 33,943.00 6,206.00
2015-12-31 361,826.00 31,539.00 6,122.00
2015-09-30 354,118.00 31,843.00 7,192.00
2015-06-30 347,380.00 26,278.00 8,101.00
2015-03-31 344,940.00 25,058.00 9,439.00
2014-12-31 341,988.00 25,606.00 8,636.00
2014-09-30 335,350.00 28,045.00 -47,516.00
2014-06-30 334,093.00 31,152.00 -29,719.00
2014-03-31 332,280.00 22,294.00 -10,554.00
2013-12-31 326,878.00 19,767.00 6,697.00
2013-09-30 327,209.00 -14,587.00 83,312.00
2013-06-30 322,147.00 -19,669.00 81,721.00
2013-03-31 313,730.00 -22,331.00 80,051.00
2012-12-31 309,601.00 -22,631.00 78,437.00
2012-09-30 301,525.00 10,227.00 72,445.00
2012-06-30 292,153.00 13,923.00 71,436.00

*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.
  • Federal Hydro-Generating Company - RusHydro has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Federal Hydro-Generating Company - RusHydro used its assets less efficiently than the RU Electric Utilities industry average last year based on Return on Assets.
  • Federal Hydro-Generating Company - RusHydro has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Federal Hydro-Generating Company - RusHydro'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.
Federal Hydro-Generating Company - RusHydro has a total score of 2/6, 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.

HYDR Health

 How is Federal Hydro-Generating Company - RusHydro'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 Federal Hydro-Generating Company - RusHydro's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Federal Hydro-Generating Company - RusHydro is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Federal Hydro-Generating Company - RusHydro's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Federal Hydro-Generating Company - RusHydro'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 1.1x 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 Federal Hydro-Generating Company - RusHydro Company Filings, last reported 2 months ago.

MISX:HYDR Past Debt and Equity Data
Date (Data in RUB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 602,636.00 198,911.00 98,281.00
2018-12-31 586,219.00 199,600.00 95,218.00
2018-09-30 723,180.00 174,710.00 70,606.00
2018-06-30 721,788.00 166,744.00 77,025.00
2018-03-31 719,211.00 157,271.00 70,524.00
2017-12-31 569,608.00 169,783.00 70,954.00
2017-09-30 706,420.00 187,664.00 90,693.00
2017-06-30 698,269.00 163,109.00 88,749.00
2017-03-31 675,161.00 151,651.00 85,021.00
2016-12-31 650,932.00 202,760.00 71,656.00
2016-09-30 649,306.00 218,711.00 58,767.00
2016-06-30 633,565.00 210,854.00 72,733.00
2016-03-31 635,330.00 199,267.00 68,177.00
2015-12-31 613,919.00 201,464.00 66,661.00
2015-09-30 614,409.00 228,454.00 84,420.00
2015-06-30 609,658.00 194,854.00 70,899.00
2015-03-31 609,037.00 175,633.00 70,688.00
2014-12-31 595,151.00 178,406.00 73,741.00
2014-09-30 598,663.00 174,657.00 83,684.00
2014-06-30 613,121.00 164,479.00 91,068.00
2014-03-31 610,876.00 157,009.00 93,355.00
2013-12-31 596,707.00 151,777.00 86,239.00
2013-09-30 541,343.00 177,280.00 40,240.00
2013-06-30 537,419.00 169,352.00 51,361.00
2013-03-31 540,174.00 160,098.00 118,635.00
2012-12-31 540,405.00 141,035.00 91,742.00
2012-09-30 526,552.00 146,913.00 46,870.00
2012-06-30 528,088.00 146,968.00 66,128.00
  • Federal Hydro-Generating Company - RusHydro's level of debt (33%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (25.7% vs 33% today).
  • Debt is well covered by operating cash flow (43%, greater than 20% of total debt).
  • Federal Hydro-Generating Company - RusHydro earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Federal Hydro-Generating Company - RusHydro'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. Federal Hydro-Generating Company - RusHydro has a total score of 4/6, 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.

HYDR Dividends

 What is Federal Hydro-Generating Company - RusHydro'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
6.14%
Current annual income from Federal Hydro-Generating Company - RusHydro dividends. Estimated to be 9.76% next year.
If you bought RUB2,000 of Federal Hydro-Generating Company - RusHydro shares you are expected to receive RUB123 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?
  • Federal Hydro-Generating Company - RusHydro's pays a higher dividend yield than the bottom 25% of dividend payers in Russian Federation (3.2%).
  • Federal Hydro-Generating Company - RusHydro's dividend is below the markets top 25% of dividend payers in Russian Federation (8.6%).
Upcoming dividend payment

Purchase Federal Hydro-Generating Company - RusHydro before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
MISX:HYDR 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 8 Analyst Estimates (S&P Global) See Below
Russian Federation Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 5.5%
Russian Federation Market Average Dividend Yield Market Cap Weighted Average of 74 Stocks 6.7%
Russian Federation Minimum Threshold Dividend Yield 10th Percentile 1.7%
Russian Federation Bottom 25% Dividend Yield 25th Percentile 3.2%
Russian Federation Top 25% Dividend Yield 75th Percentile 8.6%

Industry and Market average data is calculated daily.

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

MISX:HYDR Future Dividends Estimate Data
Date (Data in RUB) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.08 3.00
2022-12-31 0.08 4.00
2021-12-31 0.06 7.00
2020-12-31 0.05 8.00
2019-12-31 0.04 5.00
MISX:HYDR Past Annualized Dividends Data
Date (Data in RUB) Dividend per share (annual) Avg. Yield (%)
2019-05-29 0.037 6.600
2018-06-29 0.026 4.755
2017-05-24 0.047 5.991
2016-12-16 0.039 4.117
2016-06-23 0.039 5.189
2015-07-01 0.016 2.530
2015-06-30 0.016 2.834
2015-05-13 0.016 2.704
2014-12-19 0.014 2.413
2014-09-01 0.014 2.073
2014-07-10 0.014 2.095
2014-06-27 0.014 1.981
2013-12-20 0.010 1.639
2013-12-18 0.010 1.647
2013-08-29 0.010 1.723
2013-07-30 0.010 1.677
2013-07-04 0.010 1.721
2013-06-28 0.010 1.865
2012-10-19 0.008 1.253
2012-08-02 0.009 1.005
2012-04-26 0.009 1.013
2011-04-27 0.009 0.731

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

  • Federal Hydro-Generating Company - RusHydro has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Federal Hydro-Generating Company - RusHydro only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Federal Hydro-Generating Company - RusHydro's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess Federal Hydro-Generating Company - RusHydro's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - 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 Federal Hydro-Generating Company - RusHydro afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Federal Hydro-Generating Company - RusHydro 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.

HYDR Management

 What is the CEO of Federal Hydro-Generating Company - RusHydro'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
Nikolai Shulginov
AGE 67
TENURE AS CEO 3.8 years
CEO Bio

Mr. Nikolay Grigoryevich Shulginov, also known as Nikolai, has been the Chairman of Management Board, Chief Executive Officer and General Director of Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro since September 15, 2015. Mr. Shulginov served as a First Deputy Chairman of the Management Board at JSC FGC UES since 2004 and JSC System Operator of the Unified Energy System (alternate name, JSC SO UES) since February 6, 2008. He served as Deputy Chairman of the Management Board at JSC System Operator – Central Dispatch Office of the Unified Energy System from 2004 to 2009. He served as a Member of the Management Board and Director of Technology Audit at JSC System Operator – Central Dispatch Office of the Unified Energy System from 2002 to 2004. He served as Deputy Director of Integrated Dispatch Administration and Director of FOREM TCSC (Territorial Contract and Settlement Center) of the subsidiary of RAO UES of Russia – IDA of North Caucasus from 1998 to 2002. He held several positions from engineer to Head of Central Dispatch Service, JSC Stavropolenergo from 1976 to 1998. He serves as Director at Rosseti, Public Joint Stock Company. He serves as a Director of JSC OGC-1, JSC Moscow UEGC, and JSC Mosenergo. He served as a Director of Public Joint Stock Company RAO Energy Systems of the East until May 1, 2017. He served as a Non-Executive Director of Public Joint-Stock Company Federal Grid Company of Unified Energy System since June 27, 2013 until June 29, 2016. He served as a Director of Public Joint Stock Company Mosenergo (Alternate name: Open Joint Stock Company Mosenergo) since May 2008. He served as a Director of Public Joint-Stock Company Lenenergo (Alternate name: Lenenergo, Open Joint Stock Company of the Power Industry and Electrification (formerly, JSC Lenenergo)). He served as a Director of Public Joint-Stock Company Moscow United Electric Grid Company. He has been a Representaive Director of Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro since June 27, 2016. Mr. Shulginov has over a dozen professional awards, including the titles of an Honored Power Engineer of the CIS, an Honored Worker of the Fuel and Energy Complex and Veteran of the Energy Industry and the badge of an Honored Worker of UES of Russia. He was awarded the medal For Merit to the Fatherland II degree. For his contribution to the preparation and conducting of the 22nd Olympic Winter Games and the 11th Paralympic Winter Games 2014 in Sochi he was awarded the Order of Honor. Mr. Shulginov graduated from Novocherkassk Polytechnic Institute with a degree in Power Supply of Industrial Enterprises and Cities.

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

Average tenure and age of the Federal Hydro-Generating Company - RusHydro management team in years:

4
Average Tenure
44
Average Age
  • The tenure for the Federal Hydro-Generating Company - RusHydro management team is about average.
Management Team

Nikolai Shulginov

TITLE
Chairman of Management Board
AGE
67
TENURE
3.8 yrs

Bogush Borisovich

TITLE
Chief Engineer
AGE
66
TENURE
9.2 yrs

Rizhinashvili Ilyich

TITLE
First Deputy CEO & Member of Management Board
AGE
37
TENURE
9.6 yrs

Kirov Anatolyevich

TITLE
First Deputy CEO & Member of Management Board
AGE
42
TENURE
4.3 yrs

Victor Khmarin

TITLE
Deputy Director General & Member of Management Board
AGE
40
TENURE
0.4 yrs

Yu Medvedeva

TITLE
Chief Accountant

Timur Akhmedzhanov

TITLE
Head of Investor Relations

Nagora Georgievna

TITLE
Director of the Corporate Communications

Novgorodtsev Yurievich

TITLE
Head of the Equity & Disclosure Department of Corporate Governance & Property Management Department

Natalya Kovaleva

TITLE
Deputy Director of the Corporate Governance & Asset Management Department and Corporate Secretary
AGE
46
TENURE
2.6 yrs
Board of Directors Tenure

Average tenure and age of the Federal Hydro-Generating Company - RusHydro board of directors in years:

5.8
Average Tenure
56
Average Age
  • The tenure for the Federal Hydro-Generating Company - RusHydro board of directors is about average.
Board of Directors

Yuri Trutnev

TITLE
Chairman of the Board
AGE
62

Nikolai Shulginov

TITLE
Chairman of Management Board
AGE
67
TENURE
3 yrs

Nikolai Dmitrievich

TITLE
Deputy Chairman
AGE
56
TENURE
0.1 yrs

Semyon Lashchenov

TITLE
Deputy Chairman of The STC

Pivovarov Victorovich

TITLE
Independent Director
AGE
46
TENURE
6.2 yrs

Maxim Bystrov

TITLE
Independent Director
AGE
54
TENURE
6.4 yrs

Sergei Nikolaevich

TITLE
Senior Independent Director
AGE
57

Igor Repin

TITLE
Chairman of Internal Audit Commission
AGE
52

Shishin Vladimirovich

TITLE
Representative Director
AGE
55
TENURE
8.4 yrs

Andrei Shishkin

TITLE
Director
AGE
59
TENURE
5.4 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 (RUB) Value (RUB)
X
Management checks
We assess Federal Hydro-Generating Company - RusHydro'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. Federal Hydro-Generating Company - RusHydro 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.

HYDR News

Simply Wall St News

Did Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro's (MCX:HYDR) Recent Earnings Growth Beat The Trend?

When Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro (MCX:HYDR) released its most recent earnings update (30 June 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … Being able to interpret how well Federal Hydro-Generating Company - RusHydro has done so far requires weighing its performance against a benchmark, rather than looking at a standalone number at a point in time. … See our latest analysis for Federal Hydro-Generating Company - RusHydro.

Simply Wall St -

Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro (MCX:HYDR): Why Return On Capital Employed Is Important

and want a simplistic look at the return on Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro (MCX:HYDR) stock. … To understand Federal Hydro-Generating Company - RusHydro’s capital returns we will look at a useful metric called return on capital employed. … See our latest analysis for Federal Hydro-Generating Company - RusHydro

Simply Wall St -

What You Must Know About Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro's (MCX:HYDR) Return on Equity

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro (MCX:HYDR) generated a below-average return on equity of 3.70% in the past 12 months, while its industry returned 9.70%. … See our latest analysis for Federal Hydro-Generating Company - RusHydro

Simply Wall St -

Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro (MCX:HYDR): What Does The Future Look Like?

In March 2018, Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro (MCX:HYDR) released its earnings update. … as a 40.62% increase in profits is expected in the upcoming year,

Simply Wall St -

Interested In Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro (MCX:HYDR)? Here's How It Performed Recently

When Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro (MCX:HYDR) released its most recent earnings update (31 March 2018), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were Federal Hydro-Generating Company - RusHydro's average earnings over the past couple of years, and its industry performance. … Check out our latest analysis for Federal Hydro-Generating Company - RusHydro?

Simply Wall St -

Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro (MCX:HYDR) Has Attractive Fundamentals, Here's Why

Today I've chosen to put the spotlight on Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro (MCX:HYDR) due to its excellent fundamentals in more than one area. … is a company that has been able to sustain great financial health, trading at an attractive share price. … report on Federal Hydro-Generating Company - RusHydro here

Simply Wall St -

Is It Time To Sell Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro (MCX:HYDR) Based Off Its PE Ratio?

and want to begin learning the link between Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro (MCX:HYDR)’s fundamentals and stock market performance. … Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro (MCX:HYDR) is currently trading at a trailing P/E of 10.1x, which is higher than the industry average of 5.7x. … Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the assumptions behind the P/E ratio might change your mind

Simply Wall St -

What Does Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro's (MCX:HYDR) Share Price Indicate?

Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro (MCX:HYDR), a electric utilities company based in Russia,. … A question to answer is whether Federal Hydro-Generating Company - RusHydro's current trading price of RUB0.68 reflective of the actual value of the? … Let’s take a look at Federal Hydro-Generating Company - RusHydro’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Should You Buy Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro (MISX:HYDR) For Its Dividend?

Over the past 7 years, Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro (MISX:HYDR) has returned an average of 3.00% per year to shareholders in terms of dividend yield. … Does Federal Hydro-Generating Company - RusHydro tick all the boxes of a great dividend stock? … Check out our latest analysis for Federal Hydro-Generating Company - RusHydro

Simply Wall St -

Is There An Opportunity With Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro's (MCX:HYDR) 40% Undervaluation?

Today I will be providing a simple run through of a valuation method used to estimate the attractiveness of Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro (MISX:HYDR) as an investment opportunity by estimating the company's future cash flows and discounting them to their present value. … 5-year cash flow forecast 2018 2019 2020 2021 2022 Levered FCF (RUB, Millions) RUB-23,440.50 RUB30,151.67 RUB50,148.00 RUB52,900.00 RUB47,400.00 Source Analyst x2 Analyst x3 Analyst x2 Analyst x2 Analyst x1 Present Value Discounted @ 13.41% RUB-20,668.81 RUB23,442.75 RUB34,379.50 RUB31,977.92 RUB25,265.13 Present Value of 5-year Cash Flow (PVCF)= RUB94,396 After calculating the present value of future cash flows in the intial 5-year period we need to calculate the Terminal Value, which accounts for all the future cash flows beyond the first stage. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = RUB47,400 × (1 + 7%) ÷ (13.4% – 7%) = RUB797,825 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = RUB797,825 / ( 1 + 13.4%)5 = RUB425,257 The total value, or equity value, is then the sum of the present value of the cash flows, which in this case is RUB519,653.

Simply Wall St -

HYDR Company Info

Description

Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro, together with its subsidiaries, generates, transmits, distributes, and sells electricity and heat energy in Russia. It generates power through approximately 90 renewable energy source facilities, including hydropower, wind power, and geo-thermal generation facility. The company has an installed electricity generation capacity of 39.4 GW. It also manages various research and development, engineering, and electricity retail companies. The company was founded in 2004 and is based in Moscow, Russia.

Details
Name: Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro
HYDR
Exchange: MISX
Founded: 2004
RUB258,950,297,639
429,436,646,169
Website: http://www.rushydro.ru
Address: Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro
7 Malaya Dmitrovka Street,
Moscow,
127006,
Russia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
MISX HYDR Ordinary Shares Micex - Rts RU RUB 14. Feb 2008
DB RG2A SPONSORED ADR Deutsche Boerse AG DE EUR 07. Aug 2009
OTCPK RSHY.Y SPONSORED ADR Pink Sheets LLC US USD 07. Aug 2009
DB RG2A SPON ADR EACH REPR 100 ORD SHS Deutsche Boerse AG DE RUB 15. Jun 2019
LSE HYDR SPON ADR EACH REPR 100 ORD SHS London Stock Exchange GB USD 15. Jun 2019
LSE 92XY SPONSORED GDR EACH REPR 100 SHS 144A London Stock Exchange GB USD 15. Jun 2019
LSE HYDR SPONSORED ADR London Stock Exchange GB USD 07. Aug 2009
WBAG HYDR SPONSORED ADR Wiener Boerse AG AT EUR 07. Aug 2009
Number of employees
Current staff
Staff numbers
0
Federal Hydro-Generating Company - RusHydro employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 21:13
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/10
Last earnings filing: 2019/06/06
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.