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HYDR

Federal Hydro-Generating Company - RusHydro MISX:HYDR Stock Report

Last Price

₽0.80

Market Cap

₽349.2b

7D

2.2%

1Y

-7.0%

Updated

24 Jun, 2022

Data

Company Financials +
HYDR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance1/6
Financial Health5/6
Dividends3/6

HYDR Stock Overview

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

Federal Hydro-Generating Company - RusHydro Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Federal Hydro-Generating Company - RusHydro
Historical stock prices
Current Share Price₽0.80
52 Week High₽0.88
52 Week Low₽0.55
Beta0.31
1 Month Change1.31%
3 Month Change18.03%
1 Year Change-7.05%
3 Year Change33.58%
5 Year Change0.73%
Change since IPO-61.88%

Recent News & Updates

Shareholder Returns

HYDRRU Electric UtilitiesRU Market
7D2.2%1.6%-0.2%
1Y-7.0%-25.5%-24.6%

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

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

Price Volatility

Is HYDR's price volatile compared to industry and market?
HYDR volatility
HYDR Average Weekly Movement5.7%
Electric Utilities Industry Average Movement7.7%
Market Average Movement7.6%
10% most volatile stocks in RU Market13.3%
10% least volatile stocks in RU Market4.8%

Stable Share Price: HYDR is less volatile than 75% of Russian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: HYDR's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20045,168Victor Khmarinhttps://www.rushydro.ru

Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro, together with its subsidiaries, generates, transmits, distributes, and sells electricity and heat in Russia. It generates electricity from hydro, solar, wind, and geothermal energy. The company has an installed electricity generation capacity of 38 GW.

Federal Hydro-Generating Company - RusHydro Fundamentals Summary

How do Federal Hydro-Generating Company - RusHydro's earnings and revenue compare to its market cap?
HYDR fundamental statistics
Market Cap₽349.22b
Earnings (TTM)₽41.52b
Revenue (TTM)₽465.96b

8.4x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HYDR income statement (TTM)
Revenue₽465.96b
Cost of Revenue₽217.84b
Gross Profit₽248.12b
Other Expenses₽206.59b
Earnings₽41.52b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 29, 2022

Earnings per share (EPS)0.095
Gross Margin53.25%
Net Profit Margin8.91%
Debt/Equity Ratio22.6%

How did HYDR perform over the long term?

See historical performance and comparison

Dividends

6.6%

Current Dividend Yield

56%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 HYDR?

Other financial metrics that can be useful for relative valuation.

HYDR 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/Revenue1x
Enterprise Value/EBITDA3.9x
PEG Ratio3.2x

Price to Earnings Ratio vs Peers

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

HYDR PE Ratio vs Peers
The above table shows the PE ratio for HYDR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average4.9x

Price-To-Earnings vs Peers: HYDR is expensive based on its Price-To-Earnings Ratio (8.4x) compared to the peer average (4.9x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: HYDR is expensive based on its Price-To-Earnings Ratio (8.4x) compared to the Russian Electric Utilities industry average (6.1x)


Price to Earnings Ratio vs Fair Ratio

What is HYDR'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.

HYDR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.4x
Fair PE Ratio7.3x

Price-To-Earnings vs Fair Ratio: HYDR is expensive based on its Price-To-Earnings Ratio (8.4x) compared to the estimated Fair Price-To-Earnings Ratio (7.3x).


Share Price vs Fair Value

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

Below Fair Value: HYDR (RUB0.8) is trading below our estimate of fair value (RUB1.09)

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


Price to Earnings Growth Ratio

PEG Ratio: HYDR is poor value based on its PEG Ratio (3.2x)


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Future Growth

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

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


2.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HYDR's forecast earnings growth (2.6% per year) is below the savings rate (7.3%).

Earnings vs Market: HYDR's earnings (2.6% per year) are forecast to grow faster than the Russian market (1.6% per year).

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

Revenue vs Market: HYDR's revenue (1.9% per year) is forecast to grow slower than the Russian market (2.7% per year).

High Growth Revenue: HYDR's revenue (1.9% 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 (5.8%).


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Past Performance

How has Federal Hydro-Generating Company - RusHydro 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


2.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HYDR has a large one-off loss of RUB30.2B impacting its March 31 2022 financial results.

Growing Profit Margin: HYDR's current net profit margins (8.9%) are lower than last year (9.5%).


Past Earnings Growth Analysis

Earnings Trend: HYDR's earnings have grown by 2% per year over the past 5 years.

Accelerating Growth: HYDR's earnings growth over the past year (0.08%) is below its 5-year average (2% per year).

Earnings vs Industry: HYDR earnings growth over the past year (0.08%) underperformed the Electric Utilities industry 6.5%.


Return on Equity

High ROE: HYDR's Return on Equity (6.4%) is considered low.


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Financial Health

How is Federal Hydro-Generating Company - RusHydro'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: HYDR's short term assets (RUB177.7B) exceed its short term liabilities (RUB150.1B).

Long Term Liabilities: HYDR's short term assets (RUB177.7B) exceed its long term liabilities (RUB146.8B).


Debt to Equity History and Analysis

Debt Level: HYDR's net debt to equity ratio (12.8%) is considered satisfactory.

Reducing Debt: HYDR's debt to equity ratio has increased from 22.2% to 22.6% over the past 5 years.

Debt Coverage: HYDR's debt is well covered by operating cash flow (66.3%).

Interest Coverage: HYDR's interest payments on its debt are well covered by EBIT (21x coverage).


Balance Sheet


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Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


6.61%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: HYDR's dividend (6.61%) is higher than the bottom 25% of dividend payers in the Russian market (4.07%).

High Dividend: HYDR's dividend (6.61%) is low compared to the top 25% of dividend payers in the Russian market (11.4%).


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.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (55.6%), HYDR's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (147.2%), HYDR's dividend payments are not well covered by cash flows.


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Management

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

1.3yrs

Average management tenure


CEO

Victor Khmarin (44 yo)

3.42yrs

Tenure

Mr. Victor Viktorovich Khmarin serves as Chief Executive Officer at Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro since November 11, 2020. He serves as Chairman of the Management B...


Leadership Team

Experienced Management: HYDR's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: HYDR's board of directors are not considered experienced ( 1.8 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 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
  • Implied Market Cap: ₽349.220b
  • Shares outstanding: 435.44b
  • Website: https://www.rushydro.ru

Number of Employees


Location

  • Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro
  • 7 Malaya Dmitrovka Street
  • Moscow
  • 127006
  • 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
Earnings2022/03/31
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.