Announcement • May 28
Public Joint Stock Company Mosenergo, Annual General Meeting, Jun 30, 2026 Public Joint Stock Company Mosenergo, Annual General Meeting, Jun 30, 2026. Announcement • May 21
Public Joint Stock Company Mosenergo, Annual General Meeting, Jun 24, 2025 Public Joint Stock Company Mosenergo, Annual General Meeting, Jun 24, 2025. Announcement • May 23
Public Joint Stock Company Mosenergo, Annual General Meeting, Jun 25, 2024 Public Joint Stock Company Mosenergo, Annual General Meeting, Jun 25, 2024. Announcement • Jul 28
Public Joint Stock Company Mosenergo Sponsored GDR 144A to Be Deleted from OTC Equity Public Joint Stock Company Mosenergo Sponsored GDR 144A (Russia) will be deleted from OTC Equity effective from July 28, 2022, due to ADR /GDR Program Terminated. Announcement • Jun 22
Public Joint Stock Company Mosenergo, Annual General Meeting, Jun 29, 2022 Public Joint Stock Company Mosenergo, Annual General Meeting, Jun 29, 2022. Reported Earnings • May 16
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: ₽0.33 (up from ₽0.24 in 1Q 2021). Revenue: ₽75.2b (down 3.7% from 1Q 2021). Net income: ₽13.1b (up 39% from 1Q 2021). Profit margin: 17% (up from 12% in 1Q 2021). Revenue missed analyst estimates by 30%. Earnings per share (EPS) also missed analyst estimates by 76%. Over the next year, revenue is forecast to decline by 2.9% while the industry in Russia is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • May 15
Public Joint Stock Company Mosenergo to Report Nine Months, 2022 Results on Oct 28, 2022 Public Joint Stock Company Mosenergo announced that they will report nine months, 2022 results on Oct 28, 2022 Announcement • May 04
Public Joint Stock Company Mosenergo to Report First Half, 2022 Results on Aug 15, 2022 Public Joint Stock Company Mosenergo announced that they will report first half, 2022 results on Aug 15, 2022 Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 10 non-independent directors. Independent Director Aleksei Chernikov was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improved over the past week After last week's 18% share price gain to ₽1.82, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 4x in the Electric Utilities industry in Russia. Negligible returns to shareholders over past three years. Board Change • Mar 28
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 10 non-independent directors. Independent Director Aleksei Chernikov was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Mar 07
Public Joint Stock Company Mosenergo(MISX:MSNG) dropped from FTSE All-World Index (USD) Public Joint Stock Company Mosenergo(MISX:MSNG) dropped from FTSE All-World Index (USD) Reported Earnings • Mar 06
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: ₽0.073 (down from ₽0.20 in FY 2020). Revenue: ₽225.2b (up 25% from FY 2020). Net income: ₽2.89b (down 64% from FY 2020). Profit margin: 1.3% (down from 4.4% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 30%. Earnings per share (EPS) also missed analyst estimates by 76%. Over the next year, revenue is forecast to grow 30%, compared to a 6.8% growth forecast for the industry in Russia. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Mar 04
Public Joint Stock Company Mosenergo to Report Q1, 2022 Results on May 04, 2022 Public Joint Stock Company Mosenergo announced that they will report Q1, 2022 results on May 04, 2022 Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 28% share price decline to ₽1.45, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Electric Utilities industry in Russia. Total loss to shareholders of 14% over the past three years. Reported Earnings • Nov 06
Third quarter 2021 earnings released: ₽0.043 loss per share (vs ₽0.031 loss in 3Q 2020) The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: ₽37.7b (up 29% from 3Q 2020). Net loss: ₽1.73b (loss widened 38% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Aug 11
Second quarter 2021 earnings released: ₽0.009 loss per share (vs ₽0.023 profit in 2Q 2020) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: ₽39.6b (up 20% from 2Q 2020). Net loss: ₽373.0m (down 142% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Jun 09
WGC-2 Reportedly Decides to Sell Shares of Mosenergo The board of directors of Public Joint-Stock Company "Second Generating Company of the Electric Power Wholesale Market" has decided to sell 140 million common shares of Public Joint Stock Company Mosenergo (MISX:MSNG), as seen by PRIME in the company's materials on June 8, 2021. Reported Earnings • May 21
First quarter 2021 earnings released: EPS ₽0.24 (vs ₽0.14 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₽78.0b (up 31% from 1Q 2020). Net income: ₽9.44b (up 66% from 1Q 2020). Profit margin: 12% (up from 9.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Mar 13
Public Joint Stock Company Mosenergo to Report First Half, 2021 Results on Jul 30, 2021 Public Joint Stock Company Mosenergo announced that they will report first half, 2021 results on Jul 30, 2021 Reported Earnings • Mar 11
Full year 2020 earnings released: EPS ₽0.20 (vs ₽0.24 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₽180.9b (down 4.7% from FY 2019). Net income: ₽8.05b (down 16% from FY 2019). Profit margin: 4.4% (down from 5.1% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Mar 11
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 0.6%. Earnings per share (EPS) missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 3.4%, compared to a 1.3% growth forecast for the Electric Utilities industry in Russia. Announcement • Mar 06
Public Joint Stock Company Mosenergo to Report Fiscal Year 2020 Results on Mar 09, 2021 Public Joint Stock Company Mosenergo announced that they will report fiscal year 2020 results at 10:00 AM, Central European Standard Time on Mar 09, 2021 Is New 90 Day High Low • Jan 09
New 90-day high: ₽2.16 The company is up 6.0% from its price of ₽2.03 on 09 October 2020. The Russian market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₽1.58 per share. Major Estimate Revision • Dec 12
Analysts update estimates The 2020 consensus earning per share (EPS) estimate was lowered from ₽0.26 to ₽0.23. Revenue estimate was approximately flat at ₽175.3b. Net income is expected to grow by 91% next year compared to 61% growth forecast for the Electric Utilities industry in Russian Federation. The consensus price target increased from ₽2.20 to ₽2.22. Share price is up 1.1% to ₽2.07 over the past week. Is New 90 Day High Low • Oct 29
New 90-day low: ₽2.01 The company is down 6.0% from its price of ₽2.14 on 30 July 2020. The Russian market is down 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₽2.12 per share.