Executive Summary
Public Joint-Stock Company Lenenergo operates as an electricity distribution company in Russia. More Details
Rewards
Risk Analysis
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
| LSNG | Industry | Market | |
|---|---|---|---|
| 7 Day | 9.9% | 0.8% | -0.4% |
| 30 Day | 19.2% | 5.7% | 7.6% |
| 90 Day | 20.8% | 11.8% | 21.4% |
| 1 Year | -7.7%-9.1% | 7.9%3.4% | 4.1%-2.4% |
| 3 Year | 24.4%18.9% | 40.2%20.6% | 55.5%28.6% |
| 5 Year | 206.4%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
1 week ago | Simply Wall St
What Is Public Joint stock company Rosseti Lenenergo's (MCX:LSNG) Share Price Doing?2 months ago | Simply Wall St
Is Rosseti Lenenergo (MCX:LSNG) Using Too Much Debt?2 months ago | Simply Wall St
Should You Use Rosseti Lenenergo's (MCX:LSNG) Statutory Earnings To Analyse It?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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Management Board | 3yrs | ₽265.82m | no data | |
| Member of the Management Board | 5yrs | no data | no data | |
| Member of Management Board | 11yrs | ₽3.38m | no data | |
| Member of Management Board | 5yrs | ₽6.33m | no data | |
| Member of the Management Board and Deputy Director General for sale & development of services | 5yrs | ₽14.33m | no data | |
| Deputy Chief Accountant and Head of Taxation & Accounting | no data | no data | no data | |
| Head of Internal Audit | no data | no data | no data | |
| Head of Department of Preparation and Holding Competitions | no data | no data | no data | |
| Head of Tender division | no data | no data | no data | |
| Head of Press Center | no data | no data | no data | |
| Acting Director General | no data | no data | no data | |
| Corporate Secretary | 4yrs | no data | no data |
5.0yrs
Average Tenure
42yo
Average Age
Experienced Management: LSNG's management team is seasoned and experienced (5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Management Board | 3yrs | ₽265.82m | no data | |
| Non-Executive Director | 6yrs | no data | no data | |
| Chairperson of the Audit Commission | 6.83yrs | ₽1.46m | no data | |
| Director | 4.42yrs | no data | no data | |
| Chairman | no data | ₽1.67m | no data | |
| Director | 2.92yrs | no data | no data | |
| Director | 2.92yrs | no data | no data | |
| Director | 4.42yrs | no data | no data | |
| Director | 4.42yrs | no data | no data | |
| Director | 2.58yrs | ₽1.61m | no data | |
| Director | 2.58yrs | no data | no data | |
| Independent Director | 3.58yrs | ₽1.48m | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| LSNG | MISX (Micex - Rts) | Yes | Ordinary Shares | RU | RUB | Apr 1995 |
| LSNGP | MISX (Micex - Rts) | Preferred Shares | RU | RUB | Jan 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/21 18:04 |
| End of Day Share Price | 2021/01/21 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.