Loading...

Lenenergo

MISX:LSNG
Snowflake Description

Undervalued with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LSNG
MISX
RUB58B
Market Cap
  1. Home
  2. RU
  3. Utilities
Company description

Public Joint-Stock Company Lenenergo operates as an electricity distribution company in Russia. The last earnings update was 180 days ago. More info.


Add to Portfolio Compare Print
LSNG Share Price and Events
7 Day Returns
0.4%
MISX:LSNG
4.5%
RU Electric Utilities
3.1%
RU Market
1 Year Returns
-3.3%
MISX:LSNG
-2%
RU Electric Utilities
4.4%
RU Market
LSNG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lenenergo (LSNG) 0.4% -3.2% -0.9% -3.3% 95.2% 108.2%
RU Electric Utilities 4.5% 4.7% 8.1% -2% 41.4% 81.1%
RU Market 3.1% 0.3% 3% 4.4% 36.7% 78.5%
1 Year Return vs Industry and Market
  • LSNG underperformed the Electric Utilities industry which returned -2% over the past year.
  • LSNG underperformed the Market in Russian Federation which returned 4.4% over the past year.

Value

 Is Lenenergo 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 Lenenergo 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 Lenenergo.

MISX:LSNG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 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:LSNG
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 0.23
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.235 (1 + (1- 20%) (53.55%))
0.555
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:LSNG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Lenenergo 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:LSNG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (RUB, Millions) Source Present Value
Discounted (@ 15.98%)
2019 1,911.48 Analyst x1 1,648.05
2020 3,263.61 Analyst x1 2,426.06
2021 3,518.91 Analyst x1 2,255.35
2022 3,732.25 Analyst x1 2,062.42
2023 12,457.19 Analyst x1 5,935.12
2024 16,995.59 Est @ 36.43% 6,981.48
2025 21,760.21 Est @ 28.03% 7,706.84
2026 26,581.42 Est @ 22.16% 8,116.96
2027 31,377.04 Est @ 18.04% 8,260.94
2028 36,134.08 Est @ 15.16% 8,202.31
Present value of next 10 years cash flows RUB53,595.55
MISX:LSNG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= RUB36,134.08 × (1 + 8.44%) ÷ (15.98% – 8.44%)
RUB519,403.43
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= RUB519,403.43 ÷ (1 + 15.98%)10
RUB117,902.77
MISX:LSNG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= RUB53,595.55 + RUB117,902.77
RUB171,498.31
Equity Value per Share
(RUB)
= Total value / Shares Outstanding
= RUB171,498.31 / 8,617.05
RUB19.9
MISX:LSNG Discount to Share Price
Calculation Result
Value per share (RUB) From above. RUB19.90
Current discount Discount to share price of RUB5.66
= -1 x (RUB5.66 - RUB19.90) / RUB19.90
71.6%

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

Current Discount
Amount off the current price Lenenergo is available for.
Intrinsic value
>50%
Share price is RUB5.66 vs Future cash flow value of RUB19.9
Current Discount Checks
For Lenenergo to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Lenenergo's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Lenenergo'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 Lenenergo's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lenenergo's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MISX:LSNG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in RUB RUB1.22
MISX:LSNG Share Price ** MISX (2019-05-21) in RUB RUB5.66
Russian Federation Electric Utilities Industry PE Ratio Median Figure of 34 Publicly-Listed Electric Utilities Companies 6.92x
Russian Federation Market PE Ratio Median Figure of 134 Publicly-Listed Companies 7.12x

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

** Primary Listing of Lenenergo.

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

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

= 5.66 ÷ 1.22

4.63x

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

  • Lenenergo is good value based on earnings compared to the RU Electric Utilities industry average.
  • Lenenergo is good value based on earnings compared to the Russian Federation market.
Price based on expected Growth
Does Lenenergo's expected growth come at a high price?
Raw Data
MISX:LSNG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.63x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
7.5%per year
Russian Federation Electric Utilities Industry PEG Ratio Median Figure of 8 Publicly-Listed Electric Utilities Companies 0.05x
Russian Federation Market PEG Ratio Median Figure of 33 Publicly-Listed Companies 0.7x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Lenenergo, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Lenenergo's assets?
Raw Data
MISX:LSNG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in RUB RUB15.00
MISX:LSNG Share Price * MISX (2019-05-21) in RUB RUB5.66
Russian Federation Electric Utilities Industry PB Ratio Median Figure of 36 Publicly-Listed Electric Utilities Companies 0.57x
Russian Federation Market PB Ratio Median Figure of 151 Publicly-Listed Companies 0.8x
MISX:LSNG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 5.66 ÷ 15.00

0.38x

* Primary Listing of Lenenergo.

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

  • Lenenergo is good value based on assets compared to the RU Electric Utilities industry average.
X
Value checks
We assess Lenenergo'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. Lenenergo has a total score of 5/6, 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.

Future Performance

 How is Lenenergo expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

  • No analysts cover Lenenergo, future earnings growth has been estimated based on fundamentals.
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
7.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lenenergo expected to grow at an attractive rate?
  • Lenenergo's earnings growth is positive but not above the low risk savings rate of 8.4%.
Growth vs Market Checks
  • Lenenergo's earnings growth is expected to exceed the Russian Federation market average.
  • Lenenergo's revenues are expected to decrease over the next 1-3 years, this is below the Russian Federation market average.
Annual Growth Rates Comparison
Raw Data
MISX:LSNG Future Growth Rates Data Sources
Data Point Source Value (per year)
MISX:LSNG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 7.5%
MISX:LSNG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -0.5%
Russian Federation Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 4.7%
Russian Federation Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Russian Federation Market Earnings Growth Rate Market Cap Weighted Average 3%
Russian Federation Market Revenue Growth Rate Market Cap Weighted Average 4.3%

*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:LSNG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in RUB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MISX:LSNG Future Estimates Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 80,049 22,602 1
2020-12-31 81,346 24,652 2
2019-12-31 80,153 26,481 2
MISX:LSNG Past Financials Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income *
2018-09-30 82,418 15,657 10,532
2018-06-30 80,010 12,772 8,671
2018-03-31 79,253 15,345 8,512
2017-12-31 77,653 11,818 8,268
2017-09-30 75,761 13,325 9,043
2017-06-30 74,430 9,575 8,823
2017-03-31 71,262 6,601 8,101
2016-12-31 66,208 6,415 7,657
2016-09-30 51,184 9,842 7,093
2016-06-30 47,491 14,368 7,101
2016-03-31 43,168 12,809 3,723
2015-12-31 39,027 13,671 148

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Lenenergo's earnings are expected to grow by 7.5% yearly, however this is not considered high growth (20% yearly).
  • Lenenergo's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:LSNG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Lenenergo Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:LSNG Future Estimates Data
Date (Data in RUB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31
MISX:LSNG Past Financials Data
Date (Data in RUB Millions) EPS *
2018-09-30 1.22
2018-06-30 1.01
2018-03-31 0.99
2017-12-31 0.96
2017-09-30 1.05
2017-06-30 1.02
2017-03-31 0.94
2016-12-31 0.89
2016-09-30
2016-06-30 1.33
2016-03-31 1.03
2015-12-31 0.08

*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.
  • Lenenergo is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Lenenergo'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.
Lenenergo has a total score of 1/6, 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.

Past Performance

  How has Lenenergo 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 Lenenergo'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.
  • Lenenergo has delivered over 20% year on year earnings growth in the past 5 years.
  • Lenenergo's 1-year earnings growth is less than its 5-year average (16.5% vs 42.7%)
  • Lenenergo's earnings growth has exceeded the RU Electric Utilities industry average in the past year (16.5% vs 4.2%).
Earnings and Revenue History
Lenenergo'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 Lenenergo Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:LSNG Past Revenue, Cash Flow and Net Income Data
Date (Data in RUB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 82,417.69 10,531.51 381.68
2018-06-30 80,010.00 8,671.49 561.97
2018-03-31 79,252.61 8,511.83 890.68
2017-12-31 77,653.35 8,267.93 470.25
2017-09-30 75,760.68 9,043.06 1,208.47
2017-06-30 74,430.23 8,823.31 1,410.61
2017-03-31 71,261.51 8,100.71 918.65
2016-12-31 66,207.89 7,656.71 802.50
2016-09-30 51,184.37 7,093.50 7,130.44
2016-06-30 47,490.91 7,100.94 4,528.35
2016-03-31 43,167.86 3,723.12 3,871.73
2015-12-31 39,026.75 148.46 3,011.11
2015-09-30 39,879.41 -3,853.16 4,344.18
2015-06-30 40,732.07 -7,854.79 5,677.24
2015-03-31 41,166.69 -6,040.93 6,199.09
2014-12-31 41,601.31 -4,227.07 6,720.93
2014-09-30 41,651.91 -602.55 6,965.04
2014-06-30 41,702.52 3,021.98 7,209.14
2014-03-31 39,512.90 3,147.56 7,096.36
2013-12-31 37,323.29 3,273.14 6,983.58
2013-09-30 34,449.94 1,437.65 6,813.70
2013-06-30 31,576.59 -397.83 6,643.83
2013-03-31 32,355.57 -79.07 6,396.45
2012-12-31 33,134.55 239.70 6,149.08
2012-09-30 29,595.77 -1,417.15 10,478.97
2012-06-30 31,814.14 1,445.34 5,865.21

*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.
  • Lenenergo has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Lenenergo used its assets more efficiently than the RU Electric Utilities industry average last year based on Return on Assets.
  • Lenenergo has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Lenenergo'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.
Lenenergo has a total score of 4/6, 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.

Health

 How is Lenenergo'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 Lenenergo's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Lenenergo's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Lenenergo's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Lenenergo'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 not covered by short term assets, assets are 0.4x 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 Lenenergo Company Filings, last reported 7 months ago.

MISX:LSNG Past Debt and Equity Data
Date (Data in RUB Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 129,442.08 30,877.88 4,744.55
2018-06-30 125,623.24 30,926.53 6,399.41
2018-03-31 153,108.93 30,881.84 4,733.69
2017-12-31 150,592.75 36,924.60 3,431.81
2017-09-30 153,171.22 32,566.55 8,969.70
2017-06-30 151,273.68 33,409.82 12,445.49
2017-03-31 150,701.60 32,919.41 9,224.13
2016-12-31 148,340.85 34,528.18 10,436.83
2016-09-30
2016-06-30 145,724.42 31,801.76 22,834.16
2016-03-31 140,449.96 40,974.64 30,056.89
2015-12-31 140,449.96 40,974.64 30,056.89
2015-09-30 140,449.96 40,974.64 30,056.89
2015-06-30 40,120.68 48,342.37 6,531.63
2015-03-31 40,120.68 48,342.37 6,531.63
2014-12-31 43,437.23 49,769.65 5,606.46
2014-09-30 43,437.23 49,769.65 5,606.46
2014-06-30 49,715.39 42,704.59 17,057.96
2014-03-31 49,715.39 42,704.59 17,057.96
2013-12-31 49,464.98 33,383.76 10,083.72
2013-09-30 49,464.98 33,383.76 10,083.72
2013-06-30 43,760.41 32,555.47 8,951.02
2013-03-31 43,760.41 32,555.47 8,951.02
2012-12-31 43,487.35 27,791.00 5,779.62
2012-09-30 43,541.68 27,791.00 5,779.62
2012-06-30 46,531.44 25,013.55 6,535.92
  • Lenenergo's level of debt (23.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (67.5% vs 23.9% today).
  • Debt is well covered by operating cash flow (50.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.6x coverage).
X
Financial health checks
We assess Lenenergo'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. Lenenergo 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.

Dividends

 What is Lenenergo'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
0%
Current annual income from Lenenergo dividends. Estimated to be 0.86% next year.
If you bought RUB2,000 of Lenenergo shares you are expected to receive RUB0 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?
  • Unable to evaluate Lenenergo's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Lenenergo's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:LSNG 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 2 Analyst Estimates (S&P Global) See Below
Russian Federation Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 5.8%
Russian Federation Market Average Dividend Yield Market Cap Weighted Average of 73 Stocks 7.2%
Russian Federation Minimum Threshold Dividend Yield 10th Percentile 1.7%
Russian Federation Bottom 25% Dividend Yield 25th Percentile 3.3%
Russian Federation Top 25% Dividend Yield 75th Percentile 9.1%

Industry and Market average data is calculated daily.

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

MISX:LSNG Future Dividends Estimate Data
Date (Data in RUB) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.04 1.00
2022-12-31 0.02 1.00
2021-12-31 0.04 1.00
2020-12-31 0.06 1.00
2019-12-31 0.08 1.00
MISX:LSNG Past Annualized Dividends Data
Date (Data in RUB) Dividend per share (annual) Avg. Yield (%)
2018-11-22 0.000 0.000
2018-08-29 0.000 0.000
2018-05-29 0.000 0.000
2017-08-22 0.133 2.455
2017-05-15 0.133 2.849
2017-03-27 0.133 2.601
2015-08-24 0.000 0.000
2015-06-23 0.000 0.000
2014-08-22 0.039 1.707
2014-04-10 0.039 1.431
2013-08-30 0.160 5.993
2013-04-17 0.163 3.453

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

  • Unable to perform a dividend volatility check as Lenenergo has not reported any payouts.
  • Unable to verify if Lenenergo's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Lenenergo's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Lenenergo has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Lenenergo's dividends in 3 years as they are not expected to pay a notable one for Russian Federation.
X
Income/ dividend checks
We assess Lenenergo'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 Lenenergo afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lenenergo has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Lenenergo'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
Andrey Ryumin
AGE 38
TENURE AS CEO 1.3 years
CEO Bio

Mr. Andrey Valerievich Ryumin has been Director General of Public Joint-Stock Company Lenenergo since January 12, 2018. Mr. Ryumin served as General Director of JSC United Energy Company from January 2013 to 2014. He served as First Deputy General Director of JSC United Energy Company from June 2011 ­to January 2013. Mr. Andrey Ryumin served as Director of Open Joint Stock Company Mosenergo since June 5, 2013 until May 31, 2017 and served as its Deputy General Director of Corporate Protection. Mr. Rymin has outstanding experience in the industry since 2011.

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

Average tenure and age of the Lenenergo management team in years:

3.3
Average Tenure
44
Average Age
  • The tenure for the Lenenergo management team is about average.
Management Team

Andrey Smolnikov

TITLE
Member of the Management Board
COMPENSATION
RUB14M
AGE
39
TENURE
3.3 yrs

Maksim Artemyev

TITLE
Member of Management Board
COMPENSATION
RUB12M
AGE
41
TENURE
9.3 yrs

Ilya Meshcheryakov

TITLE
Member of Management Board
COMPENSATION
RUB5M
AGE
44
TENURE
3.3 yrs

Alexander Nikonov

TITLE
Deputy Director General of Security & Member of Management Board
COMPENSATION
RUB15M
AGE
58
TENURE
6.3 yrs

Dyakov Pavel

TITLE
Member of the Management Board and Deputy Director General for sale & development of services
COMPENSATION
RUB14M
AGE
40
TENURE
3.3 yrs

Andrey Ryumin

TITLE
Chairman of the Management Board
AGE
38
TENURE
1.3 yrs

Maxim Ivanov

TITLE
First Deputy Director General - Capital Construction & Investment Activities & Member - Mgmt Board
AGE
44
TENURE
3.8 yrs

Galina Kuznetsova

TITLE
Chief Accountant
AGE
59

Natalia Korepanova

TITLE
Deputy Chief Accountant and Head of Taxation & Accounting

Izumrud Alimuradova

TITLE
Head of Internal Audit
AGE
47
Board of Directors Tenure

Average tenure and age of the Lenenergo board of directors in years:

4.3
Average Tenure
41
Average Age
  • The tenure for the Lenenergo board of directors is about average.
Board of Directors

Livinskiy Pavel

TITLE
Chairman

Andrey Ryumin

TITLE
Chairman of the Management Board
AGE
38

Kim Anatolievna

TITLE
Chairperson of Audit Commission
AGE
37
TENURE
4.3 yrs

Lelekova Alekseevna

TITLE
Chairperson of the Audit Commission
COMPENSATION
RUB1M
AGE
57
TENURE
5.2 yrs

Olkhovich Evgeny

TITLE
Director

Sergeyev Sergey

TITLE
Non-Executive Director
AGE
42

Andrey Bondarchuk

TITLE
Non-Executive Director
AGE
41
TENURE
4.3 yrs

Pavel Snikkars

TITLE
Non-Executive Director
AGE
40
TENURE
4.9 yrs

Kolesnikova Olga

TITLE
Director
AGE
60
TENURE
3.3 yrs

German Alexander

TITLE
Director
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 Lenenergo'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. Lenenergo 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.

News

Simply Wall St News

These Fundamentals Make Public Joint-Stock Company Lenenergo (MCX:LSNG) Truly Worth Looking At

Looking at the company as a whole, as a potential stock investment, I believe LSNG has a lot to offer. … According to my intrinsic value of the stock, which is driven by analyst consensus forecast of LSNG's earnings, investors now have the opportunity to buy into the stock to reap capital gains. … Dividend Income vs Capital Gains: Does LSNG return gains to shareholders through reinvesting in itself and growing earnings, or redistribute a decent portion of earnings as dividends?

Simply Wall St -

If You Like EPS Growth Then Check Out Lenenergo (MCX:LSNG) Before It's Too Late

It's no surprise, then, that I like to invest in companies with EPS growth. … I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company's growth. … You can take a look at the company's revenue and earnings growth trend, in the chart below.

Simply Wall St -

Is Public Joint-Stock Company Lenenergo's (MCX:LSNG) Balance Sheet A Threat To Its Future?

Public Joint-Stock Company Lenenergo (MCX:LSNG) is a small-cap stock with a market capitalization of RUруб60b. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is.

Simply Wall St -

Does Public Joint-Stock Company Lenenergo (MCX:LSNG) Have A High Beta?

If you're interested in Public Joint-Stock Company Lenenergo (MCX:LSNG), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Is Lenenergo's Share Price Gain Of 150% Well Earned?

For instance the Public Joint-Stock Company Lenenergo (MCX:LSNG) share price is 150% higher than it was three years ago. … By comparing earnings per share (EPS) and and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During three years of share price growth, Lenenergo moved from a loss to profitability.

Simply Wall St -

Do You Know What Public Joint-Stock Company Lenenergo's (MCX:LSNG) P/E Ratio Means?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Lenenergo has a price to earnings ratio of 4.81, based on the last twelve months. … How Do I Calculate Lenenergo's Price To Earnings Ratio

Simply Wall St -

Public Joint-Stock Company Lenenergo (MCX:LSNG): The Return Story

and want a simplistic look at the return on Public Joint-Stock Company Lenenergo (MCX:LSNG) stock. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Thus, to understand how your money can grow by investing in Lenenergo, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

Is Public Joint-Stock Company Lenenergo (MCX:LSNG) A Financially Sound Company?

While small-cap stocks, such as Public Joint-Stock Company Lenenergo (MCX:LSNG) with its market cap of RUруб59.80b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … So, understanding the company's financial health becomes. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

Public Joint-Stock Company Lenenergo (MCX:LSNG): Why Return On Capital Employed Is Important

and looking to gauge the potential return on investment in Public Joint-Stock Company Lenenergo (MCX:LSNG). … This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided.

Simply Wall St -

Does Public Joint-Stock Company Lenenergo's (MCX:LSNG) PE Ratio Warrant A Buy?

I am writing today to help inform people who are new to the stock market. … and want to begin learning the link between Public Joint-Stock Company Lenenergo (MCX:LSNG)’s fundamentals and stock market performance. … Public Joint-Stock Company Lenenergo (MCX:LSNG) trades with a trailing P/E of 5.9x, which is lower than the industry average of 6x.

Simply Wall St -

Company Info

Description

Public Joint-Stock Company Lenenergo operates as an electricity distribution company in Russia. The company provides electricity transmission and distribution, grid connection, and other services related with electricity supply. It also provides maintenance and repair of power installation services for third-party electricity consumers; consumer connection and disconnection services; engineering services; energy accounting services; and installation, fitting, and repair of power facilities, as well as energy equipment and energy installation services. In addition, the company is involved in the measurement of insulation resistance; testing electrical installations; and other works. It operates 0.4-110 kilovolt (kV) networks with an installed capacity of 30,460 megavolt-ampere; 634 electric power transmission lines of the 110-750 kV with the total length of 12,499 kilometers; 388 transformer substations; and 29 distribution gears of electric power stations with 110-750 kV in Saint Petersburg and the Leningrad region. The company was founded in 1886 and is based in Saint Petersburg, Russia. Public Joint-Stock Company Lenenergo is a subsidiary of Rosseti, Public Joint Stock Company.

Details
Name: Public Joint-Stock Company Lenenergo
LSNG
Exchange: MISX
Founded: 1886
RUB57,664,320,322
8,617,049,631
Website: http://www.lenenergo.ru
Address: Public Joint-Stock Company Lenenergo
1 Constitution Square,
Saint Petersburg,
196247,
Russia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
MISX LSNG Ordinary Shares Micex - Rts RU RUB 26. Apr 1995
MISX LSNGP Preferred Shares Micex - Rts RU RUB 12. Jan 1996
Number of employees
Current staff
Staff numbers
0
Lenenergo employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/21 21:41
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2019/04/05
Last earnings filing: 2018/11/22
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.