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KUBE

Rosseti Kuban PJSC MISX:KUBE Stock Report

Last Price

₽56.90

Market Cap

₽19.7b

7D

0%

1Y

-12.1%

Updated

08 Aug, 2022

Data

Company Financials
KUBE fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health2/6
Dividends2/6

KUBE Stock Overview

Rosseti Kuban PJSC, a grid company, engages in the transmission and distribution of electricity in Russia.

Rosseti Kuban PJSC Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Rosseti Kuban PJSC
Historical stock prices
Current Share Price₽56.90
52 Week High₽86.00
52 Week Low₽40.00
Beta0.69
1 Month Change0%
3 Month Change-2.23%
1 Year Change-12.06%
3 Year Change-6.57%
5 Year Change-23.52%
Change since IPO-60.41%

Recent News & Updates

Apr 29
Should You Buy Rosseti Kuban PJSC (MCX:KUBE) For Its Dividend?

Should You Buy Rosseti Kuban PJSC (MCX:KUBE) For Its Dividend?

Today we'll take a closer look at Rosseti Kuban PJSC ( MCX:KUBE ) from a dividend investor's perspective. Owning a...

Shareholder Returns

KUBERU Electric UtilitiesRU Market
7D0%0%0%
1Y-12.1%-24.1%-32.4%

Return vs Industry: KUBE exceeded the Russian Electric Utilities industry which returned -24.3% over the past year.

Return vs Market: KUBE exceeded the Russian Market which returned -32.1% over the past year.

Price Volatility

Is KUBE's price volatile compared to industry and market?
KUBE volatility
KUBE Average Weekly Movement6.5%
Electric Utilities Industry Average Movement5.7%
Market Average Movement5.0%
10% most volatile stocks in RU Market8.4%
10% least volatile stocks in RU Market3.0%

Stable Share Price: KUBE is not significantly more volatile than the rest of Russian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: KUBE's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aBoris Ebzeevhttps://rosseti-kuban.ru

Rosseti Kuban PJSC, a grid company, engages in the transmission and distribution of electricity in Russia. The company operates 90 thousand km of electricity transmission lines; and serves 5.5 million people in the Krasnodar region and the Republic of Adygea. It is also involved in the organization of vacations, and recreation and health improvement facilities for children and adults; design, assembling, construction, and installation of metering stations for electric energy, gas, and technological equipment; and supply of hot and cold water.

Rosseti Kuban PJSC Fundamentals Summary

How do Rosseti Kuban PJSC's earnings and revenue compare to its market cap?
KUBE fundamental statistics
Market Cap₽19.69b
Earnings (TTM)₽2.80b
Revenue (TTM)₽59.92b

7.0x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KUBE income statement (TTM)
Revenue₽59.92b
Cost of Revenue₽53.53b
Gross Profit₽6.39b
Other Expenses₽3.60b
Earnings₽2.80b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)8.08
Gross Margin10.67%
Net Profit Margin4.67%
Debt/Equity Ratio56.8%

How did KUBE perform over the long term?

See historical performance and comparison

Dividends

4.8%

Current Dividend Yield

33%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is KUBE 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

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

KUBE 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/Revenue0.7x
Enterprise Value/EBITDA4.2x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

KUBE PE Ratio vs Peers
The above table shows the PE ratio for KUBE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average4.3x
MRKP Rosseti Centre and Volga region
2.1xn/a₽20.3b
DVEC FAR-EASTERN ENERGY
9xn/a₽14.8b
TGKA Territorial Generating Company No. 1
3.8x0.9%₽32.6b
MRKC Rosseti Centre
2.3xn/a₽10.4b
KUBE Rosseti Kuban PJSC
7xn/a₽19.7b

Price-To-Earnings vs Peers: KUBE is expensive based on its Price-To-Earnings Ratio (7x) compared to the peer average (4.3x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: KUBE is expensive based on its Price-To-Earnings Ratio (7x) compared to the Russian Electric Utilities industry average (5.8x)


Price to Earnings Ratio vs Fair Ratio

What is KUBE'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.

KUBE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: KUBE (RUB56.9) is trading below our estimate of fair value (RUB1460)

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


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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Future Growth

How is Rosseti Kuban PJSC forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


3.2%

Forecasted Utilities industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Rosseti Kuban PJSC has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Take a look at our analysis of KUBE’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Rosseti Kuban PJSC competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Rosseti Kuban PJSC performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-7.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: KUBE has high quality earnings.

Growing Profit Margin: KUBE became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: KUBE's earnings have declined by 7.2% per year over the past 5 years.

Accelerating Growth: KUBE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: KUBE has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electric Utilities industry (28.2%).


Return on Equity

High ROE: KUBE's Return on Equity (7.6%) is considered low.


Discover strong past performing companies

Financial Health

How is Rosseti Kuban PJSC's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: KUBE's short term assets (RUB11.9B) do not cover its short term liabilities (RUB22.3B).

Long Term Liabilities: KUBE's short term assets (RUB11.9B) do not cover its long term liabilities (RUB19.8B).


Debt to Equity History and Analysis

Debt Level: KUBE's net debt to equity ratio (51.8%) is considered high.

Reducing Debt: KUBE's debt to equity ratio has reduced from 78.2% to 56.8% over the past 5 years.

Debt Coverage: KUBE's debt is well covered by operating cash flow (47.4%).

Interest Coverage: KUBE's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet


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Dividend

What is Rosseti Kuban PJSC current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.77%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: KUBE's dividend (4.77%) isn’t notable compared to the bottom 25% of dividend payers in the Russian market (4.85%).

High Dividend: KUBE's dividend (4.77%) is low compared to the top 25% of dividend payers in the Russian market (13.13%).


Stability and Growth of Payments

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

Growing Dividend: KUBE has only been paying a dividend for 6 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (33.5%), KUBE's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (32.3%), KUBE's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

3.7yrs

Average management tenure


CEO

Boris Ebzeev (47 yo)

1.25yrs

Tenure

Mr. Boris Borisovich Ebzeev serves as Acting Director General at Rosseti, Public Joint Stock Company since May 18, 2021 and is Director since 2021. He has been Director General and Chief Executive Officer...


Leadership Team

Experienced Management: KUBE's management team is considered experienced (3.7 years average tenure).


Board Members

Experienced Board: KUBE's board of directors are not considered experienced ( 1.6 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 been diluted in the past year, with total shares outstanding growing by 3.4%.


Top Shareholders

Company Information

Rosseti Kuban PJSC's employee growth, exchange listings and data sources


Key Information

  • Name: Rosseti Kuban PJSC
  • Ticker: KUBE
  • Exchange: MISX
  • Founded: NaN
  • Industry: Electric Utilities
  • Sector: Utilities
  • Implied Market Cap: ₽19.694b
  • Shares outstanding: 346.12m
  • Website: https://rosseti-kuban.ru

Number of Employees


Location

  • Rosseti Kuban PJSC
  • 2A, Stavropolskaya street
  • Krasnodar
  • Krasnodarskiy kray
  • 350033
  • Russia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/08 00:00
End of Day Share Price2022/07/08 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.