MISX:LSNG

Stock Analysis Report

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Rosseti Lenenergo

Executive Summary

Public Joint-Stock Company Lenenergo operates as an electricity distribution company in Russia. More Details


Snowflake Analysis

Undervalued with adequate balance sheet.


Similar Companies

Share Price & News

How has Rosseti Lenenergo's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: LSNG is more volatile than 90% of Russian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: LSNG's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of Russian stocks.


Market Performance


7 Day Return

9.9%

LSNG

0.8%

RU Electric Utilities

-0.4%

RU Market


1 Year Return

-9.1%

LSNG

3.4%

RU Electric Utilities

-2.4%

RU Market

Return vs Industry: LSNG underperformed the Russian Electric Utilities industry which returned 3.4% over the past year.

Return vs Market: LSNG underperformed the Russian Market which returned -2.4% over the past year.


Shareholder returns

LSNGIndustryMarket
7 Day9.9%0.8%-0.4%
30 Day19.2%5.7%7.6%
90 Day20.8%11.8%21.4%
1 Year-7.7%-9.1%7.9%3.4%4.1%-2.4%
3 Year24.4%18.9%40.2%20.6%55.5%28.6%
5 Year206.4%184.0%203.7%140.5%142.0%83.2%

Long-Term Price Volatility Vs. Market

How volatile is Rosseti Lenenergo's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Rosseti Lenenergo undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LSNG (RUB6.32) is trading below our estimate of fair value (RUB49.13)

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


Price To Earnings Ratio

PE vs Industry: LSNG is good value based on its PE Ratio (5.8x) compared to the RU Electric Utilities industry average (7.9x).

PE vs Market: LSNG is good value based on its PE Ratio (5.8x) compared to the Russian market (11.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate LSNG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: LSNG is good value based on its PB Ratio (0.4x) compared to the RU Electric Utilities industry average (0.7x).


Next Steps

Future Growth

How is Rosseti Lenenergo forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

4.3%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if LSNG's forecast earnings growth is above the savings rate (7.7%).

Earnings vs Market: Insufficient data to determine if LSNG's earnings are forecast to grow faster than the Russian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: LSNG's revenue (4.3% per year) is forecast to grow slower than the Russian market (8% per year).

High Growth Revenue: LSNG's revenue (4.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if LSNG's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Rosseti Lenenergo performed over the past 5 years?

33.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LSNG has a large one-off loss of RUB7.7B impacting its June 30 2020 financial results.

Growing Profit Margin: LSNG's current net profit margins (11.4%) are lower than last year (16.4%).


Past Earnings Growth Analysis

Earnings Trend: LSNG has become profitable over the past 5 years, growing earnings by 33.5% per year.

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

Earnings vs Industry: LSNG had negative earnings growth (-30.2%) over the past year, making it difficult to compare to the Electric Utilities industry average (-4.6%).


Return on Equity

High ROE: LSNG's Return on Equity (6.6%) is considered low.


Next Steps

Financial Health

How is Rosseti Lenenergo's financial position?


Financial Position Analysis

Short Term Liabilities: LSNG's short term assets (RUB15.1B) do not cover its short term liabilities (RUB39.5B).

Long Term Liabilities: LSNG's short term assets (RUB15.1B) do not cover its long term liabilities (RUB32.1B).


Debt to Equity History and Analysis

Debt Level: LSNG's debt to equity ratio (18.4%) is considered satisfactory.

Reducing Debt: LSNG's debt to equity ratio has reduced from 112.9% to 18.4% over the past 5 years.

Debt Coverage: LSNG's debt is well covered by operating cash flow (125.3%).

Interest Coverage: LSNG's interest payments on its debt are well covered by EBIT (12.9x coverage).


Balance Sheet


Next Steps

Dividend

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

1.58%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate LSNG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate LSNG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if LSNG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if LSNG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: LSNG is not paying a notable dividend for the Russian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of LSNG's dividend in 3 years as they are not forecast to pay a notable one for the Russian market.


Next Steps

Management

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

5.0yrs

Average management tenure


CEO

Andrey Ryumin (40 yo)

3yrs

Tenure

₽265,818,020

Compensation

Mr. Andrey Valerievich Ryumin serves as Acting Director General and Member of the Management Board at Rosseti, Public Joint Stock Company since January 15, 2021. He has been Director General of Public Join...


Leadership Team

NamePositionTenureCompensationOwnership
Andrey Ryumin
Chairman of the Management Board3yrs₽265.82mno data
Andrey Smolnikov
Member of the Management Board5yrsno datano data
Maxim Artemyev
Member of Management Board11yrs₽3.38mno data
Ilya Meshcheryakov
Member of Management Board5yrs₽6.33mno data
Diyakov Pavel
Member of the Management Board and Deputy Director General for sale & development of services5yrs₽14.33mno data
Natalia Korepanova
Deputy Chief Accountant and Head of Taxation & Accountingno datano datano data
Izumrud Alimuradova
Head of Internal Auditno datano datano data
Anatoly Mizgin-Somov
Head of Department of Preparation and Holding Competitionsno datano datano data
Parfenov Nikolayevich
Head of Tender divisionno datano datano data
Yulia Zarubina
Head of Press Centerno datano datano data
Igor Kuzmin
Acting Director Generalno datano datano data
Sobolev Ilya
Corporate Secretary4yrsno datano data

5.0yrs

Average Tenure

42yo

Average Age

Experienced Management: LSNG's management team is seasoned and experienced (5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Andrey Ryumin
Chairman of the Management Board3yrs₽265.82mno data
Andrey Bondarchuk
Non-Executive Director6yrsno datano data
Lelekova Alekseevna
Chairperson of the Audit Commission6.83yrs₽1.46mno data
Kolesnikova Olga
Director4.42yrsno datano data
Livinsky Pavel
Chairmanno data₽1.67mno data
German Alexander
Director2.92yrsno datano data
Olhovich Yevgeny
Director2.92yrsno datano data
Safarov Hasan
Director4.42yrsno datano data
Solovyova Lyudmila
Director4.42yrsno datano data
Olga Sergeyeva
Director2.58yrs₽1.61mno data
Miloslavsky Sergey
Director2.58yrsno datano data
Pikin Sergey
Independent Director3.58yrs₽1.48mno data

4.0yrs

Average Tenure

47yo

Average Age

Experienced Board: LSNG's board of directors are considered experienced (4 years average tenure).


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 Rosseti Lenenergo's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Public Joint stock company Rosseti Lenenergo
  • Ticker: LSNG
  • Exchange: MISX
  • Founded: 1886
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: ₽68.383b
  • Shares outstanding: 8.56b
  • Website: https://www.lenenergo.ru

Number of Employees


Location

  • Public Joint stock company Rosseti Lenenergo
  • Constitution Square,1
  • Saint Petersburg
  • 196247
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LSNGMISX (Micex - Rts)YesOrdinary SharesRURUBApr 1995
LSNGPMISX (Micex - Rts)Preferred SharesRURUBJan 1996

Biography

Public Joint-Stock Company Lenenergo operates as an electricity distribution company in Russia. The company offers electricity transmission and distribution, grid connection, and other services related wit...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 18:04
End of Day Share Price2021/01/21 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.