MISX:HYDR

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Federal Hydro-Generating Company - RusHydro

Executive Summary

Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro, together with its subsidiaries, generates, transmits, distributes, and sells electricity and heat energy in Russia. More Details


Snowflake Analysis

Flawless balance sheet average dividend payer.


Similar Companies

Share Price & News

How has Federal Hydro-Generating Company - RusHydro's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HYDR is not significantly more volatile than the rest of Russian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: HYDR's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

0.2%

HYDR

0.5%

RU Electric Utilities

1.5%

RU Market


1 Year Return

41.5%

HYDR

15.3%

RU Electric Utilities

-3.8%

RU Market

Return vs Industry: HYDR exceeded the Russian Electric Utilities industry which returned 14.9% over the past year.

Return vs Market: HYDR exceeded the Russian Market which returned -5% over the past year.


Shareholder returns

HYDRIndustryMarket
7 Day0.2%0.5%1.5%
30 Day4.7%5.3%11.7%
90 Day1.8%2.1%1.8%
1 Year48.5%41.5%21.5%15.3%2.9%-3.8%
3 Year7.7%-7.1%34.5%15.7%50.4%24.7%
5 Year66.3%26.7%199.1%136.7%112.1%61.9%

Long-Term Price Volatility Vs. Market

How volatile is Federal Hydro-Generating Company - RusHydro's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Federal Hydro-Generating Company - RusHydro undervalued compared to its fair value and its price relative to the market?

16.02x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: HYDR (RUB0.76) is trading above our estimate of fair value (RUB0.74)

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


Price To Earnings Ratio

PE vs Industry: HYDR is poor value based on its PE Ratio (16x) compared to the RU Electric Utilities industry average (7.5x).

PE vs Market: HYDR is poor value based on its PE Ratio (16x) compared to the Russian market (10.9x).


Price to Earnings Growth Ratio

PEG Ratio: HYDR is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: HYDR is good value based on its PB Ratio (0.5x) compared to the RU Electric Utilities industry average (0.6x).


Next Steps

Future Growth

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

9.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HYDR's forecast earnings growth (9.5% per year) is above the savings rate (8.3%).

Earnings vs Market: HYDR's earnings (9.5% per year) are forecast to grow slower than the Russian market (24.7% per year).

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

Revenue vs Market: HYDR's revenue (2.2% per year) is forecast to grow slower than the Russian market (8.4% per year).

High Growth Revenue: HYDR's revenue (2.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HYDR's Return on Equity is forecast to be low in 3 years time (7.6%).


Next Steps

Past Performance

How has Federal Hydro-Generating Company - RusHydro performed over the past 5 years?

-12.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HYDR has a large one-off loss of RUB59.4B impacting its June 30 2020 financial results.

Growing Profit Margin: HYDR's current net profit margins (4.7%) are lower than last year (6.3%).


Past Earnings Growth Analysis

Earnings Trend: HYDR's earnings have declined by 12.1% per year over the past 5 years.

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

Earnings vs Industry: HYDR had negative earnings growth (-20.2%) over the past year, making it difficult to compare to the Electric Utilities industry average (-17.5%).


Return on Equity

High ROE: HYDR's Return on Equity (3%) is considered low.


Next Steps

Financial Health

How is Federal Hydro-Generating Company - RusHydro's financial position?


Financial Position Analysis

Short Term Liabilities: HYDR's short term assets (RUB209.3B) exceed its short term liabilities (RUB139.5B).

Long Term Liabilities: HYDR's short term assets (RUB209.3B) exceed its long term liabilities (RUB202.2B).


Debt to Equity History and Analysis

Debt Level: HYDR's debt to equity ratio (30.8%) is considered satisfactory.

Reducing Debt: HYDR's debt to equity ratio has reduced from 31.7% to 30.8% over the past 5 years.

Debt Coverage: HYDR's debt is well covered by operating cash flow (50.9%).

Interest Coverage: HYDR's interest payments on its debt are well covered by EBIT (16.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Federal Hydro-Generating Company - RusHydro current dividend yield, its reliability and sustainability?

4.85%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HYDR's dividend (4.85%) is higher than the bottom 25% of dividend payers in the Russian market (3.91%).

High Dividend: HYDR's dividend (4.85%) is low compared to the top 25% of dividend payers in the Russian market (8.13%).


Stability and Growth of Payments

Stable Dividend: HYDR's dividend payments have been volatile in the past 10 years.

Growing Dividend: HYDR's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (77.8%), HYDR's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: HYDR's dividends in 3 years are forecast to be covered by earnings (52.5% payout ratio).


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

Victor Khmarin (42 yo)

0.83

Tenure

Mr. Victor Viktorovich Khmarin has been Member of Management Board at Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro (formerly known as PJSC RusHydro) and served as its Deputy Gener...


Leadership Team

NamePositionTenureCompensationOwnership
Victor Khmarin
Acting Chairman of Management Board & General Director0.83yrno datano data
Kirov Anatolyevich
Member of the Management Board & First Deputy General Director5.67yrsno datano data
Sergey Vasilyev
Member of Management Board0.17yrno datano data
Andrey Kazachenkov
First Deputy CEO & Member of Management Board4.75yrsno datano data
Bayrta Perveeva
Member of Management Board0.17yrno datano data
Yulia Medvedeva
Chief Accountantno datano datano data
Timur Akhmedzhanov
Head of Investor Relationsno datano datano data
Nagora Georgievna
Director of the Corporate Communicationsno datano datano data
Novgorodtsev Yurievich
Head of the Equity & Disclosure Department of Corporate Governance & Property Management Departmentno datano datano data
Roman Berdnikov
Deputy General Director0.75yrno datano data
Natalya Kovaleva
Deputy Director of the Corporate Governance & Asset Management Department and Corporate Secretary4yrsno datano data
Aleksandr Ilyenko
Director of Development & System Operator of Russiano datano datano data

0.8yrs

Average Tenure

44.5yo

Average Age

Experienced Management: HYDR's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Vyacheslav Pivovarov
Independent Director7.58yrsno datano data
Andrey Shishkin
Non-Executive Director6.83yrsno datano data
Maxim Bystrov
Independent Director7.83yrsno datano data
Pavel Grachev
Independent Director4.42yrsno datano data
Nikolay Shulginov
Representative Director4.42yrsno datano data
Semyon Lashchenov
Deputy Chairman of The STCno datano datano data
Aleksey Chekunkov
Director1.42yrsno datano data
Yuriy Trutnev
Chairman of the Boardno datano datano data
Nikolay Rogalev
Deputy Chairman1.5yrsno datano data
Yuri Manevich
Non-Executive Director1.42yrsno datano data
Lev Kuznetsov
Independent Director1.42yrsno datano data
Alexey Kozlov
Director0.83yrno datano data

3.0yrs

Average Tenure

55.5yo

Average Age

Experienced Board: HYDR's board of directors are not considered experienced ( 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 Federal Hydro-Generating Company - RusHydro's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro
  • Ticker: HYDR
  • Exchange: MISX
  • Founded: 2004
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: ₽321.327b
  • Shares outstanding: 428.44b
  • Website: https://www.rushydro.ru

Location

  • Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro
  • 7 Malaya Dmitrovka Street
  • Moscow
  • 127006
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HYDRMISX (Micex - Rts)YesOrdinary SharesRURUBFeb 2008
RG2ADB (Deutsche Boerse AG)SPON ADR EACH REPR 100 ORD SHSDEEURAug 2009
HYDRLSE (London Stock Exchange)SPON ADR EACH REPR 100 ORD SHSGBUSDAug 2009
RSHY.YOTCPK (Pink Sheets LLC)SPON ADR EACH REPR 100 ORD SHSUSUSDAug 2009
HYDRWBAG (Wiener Boerse AG)SPON ADR EACH REPR 100 ORD SHSATEURAug 2009

Biography

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 powe...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/25 21:01
End of Day Share Price2020/11/24 00:00
Earnings2020/06/30
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.