MISX:OGKB

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Second Generating Company of the Electric Power Wholesale Market

Executive Summary

Public Joint-Stock Company ‘Second Generating Company of the Electric Power Wholesale Market’, together with its subsidiaries, generates and sells electricity and thermal energy in Russia. More Details


Snowflake Analysis

Excellent balance sheet average dividend payer.


Similar Companies

Share Price & News

How has Second Generating Company of the Electric Power Wholesale Market's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: OGKB is not significantly more volatile than the rest of Russian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: OGKB's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

0.4%

OGKB

-1.1%

RU Renewable Energy

-3.2%

RU Market


1 Year Return

31.1%

OGKB

8.1%

RU Renewable Energy

-1.7%

RU Market

Return vs Industry: OGKB exceeded the Russian Renewable Energy industry which returned 6.2% over the past year.

Return vs Market: OGKB exceeded the Russian Market which returned -4% over the past year.


Shareholder returns

OGKBIndustryMarket
7 Day0.4%-1.1%-3.2%
30 Day9.8%6.6%2.5%
90 Day16.1%8.8%20.1%
1 Year40.6%31.1%16.2%8.1%4.8%-1.7%
3 Year80.3%50.6%47.1%19.5%52.3%25.9%
5 Year332.0%245.9%74.5%19.5%134.1%77.2%

Long-Term Price Volatility Vs. Market

How volatile is Second Generating Company of the Electric Power Wholesale Market's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Second Generating Company of the Electric Power Wholesale Market undervalued compared to its fair value and its price relative to the market?

15.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: OGKB (RUB0.78) is trading below our estimate of fair value (RUB0.93)

Significantly Below Fair Value: OGKB is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: OGKB is poor value based on its PE Ratio (7.2x) compared to the RU Renewable Energy industry average (7.1x).

PE vs Market: OGKB is good value based on its PE Ratio (7.2x) compared to the Russian market (11.9x).


Price to Earnings Growth Ratio

PEG Ratio: OGKB is poor value based on its PEG Ratio (6.3x)


Price to Book Ratio

PB vs Industry: OGKB is good value based on its PB Ratio (0.6x) compared to the RU Renewable Energy industry average (0.8x).


Next Steps

Future Growth

How is Second Generating Company of the Electric Power Wholesale Market forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

1.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OGKB's forecast earnings growth (1.1% per year) is below the savings rate (7.7%).

Earnings vs Market: OGKB's earnings (1.1% per year) are forecast to grow slower than the Russian market (25.6% per year).

High Growth Earnings: OGKB's earnings are forecast to grow, but not significantly.

Revenue vs Market: OGKB's revenue (1.7% per year) is forecast to grow slower than the Russian market (8% per year).

High Growth Revenue: OGKB's revenue (1.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OGKB's Return on Equity is forecast to be low in 3 years time (10.4%).


Next Steps

Past Performance

How has Second Generating Company of the Electric Power Wholesale Market performed over the past 5 years?

35.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OGKB has high quality earnings.

Growing Profit Margin: OGKB's current net profit margins (9.6%) are higher than last year (9.4%).


Past Earnings Growth Analysis

Earnings Trend: OGKB has become profitable over the past 5 years, growing earnings by 35.3% per year.

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

Earnings vs Industry: OGKB had negative earnings growth (-8.1%) over the past year, making it difficult to compare to the Renewable Energy industry average (14.9%).


Return on Equity

High ROE: OGKB's Return on Equity (8.3%) is considered low.


Next Steps

Financial Health

How is Second Generating Company of the Electric Power Wholesale Market's financial position?


Financial Position Analysis

Short Term Liabilities: OGKB's short term assets (RUB33.9B) exceed its short term liabilities (RUB20.4B).

Long Term Liabilities: OGKB's short term assets (RUB33.9B) do not cover its long term liabilities (RUB48.4B).


Debt to Equity History and Analysis

Debt Level: OGKB's debt to equity ratio (27.3%) is considered satisfactory.

Reducing Debt: OGKB's debt to equity ratio has reduced from 45% to 27.3% over the past 5 years.

Debt Coverage: OGKB's debt is well covered by operating cash flow (43.5%).

Interest Coverage: OGKB's interest payments on its debt are well covered by EBIT (8.2x coverage).


Balance Sheet


Next Steps

Dividend

What is Second Generating Company of the Electric Power Wholesale Market current dividend yield, its reliability and sustainability?

6.94%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: OGKB's dividend (7.02%) is higher than the bottom 25% of dividend payers in the Russian market (3.87%).

High Dividend: OGKB's dividend (7.02%) is low compared to the top 25% of dividend payers in the Russian market (7.73%).


Stability and Growth of Payments

Stable Dividend: OGKB's dividend payments have been volatile in the past 10 years.

Growing Dividend: OGKB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (50.8%), OGKB's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: OGKB's dividends in 3 years are forecast to be covered by earnings (52% payout ratio).


Next Steps

Management

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

3.0yrs

Average management tenure


CEO

Second Generating Company of the Electric Power Wholesale Market has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Klishch Vladimirovna
Chief Accountantno datano datano data
Yevgeniy Gervits
Head of OGK-2 Projects12.92yrsno datano data
Roman Mitrofanenkov
Head of Internal Audit & Financial Control Departmentno datano datano data
Artyom Semikolenov
MD & Director2.58yrsno datano data
Doronin Yurievich
Regional Development Director2yrsno datano data
Natalia Grisel
Head of Corporate Governance Departmentno datano datano data
Osin Yurievich
Deputy Managing Director for Economics & Finance0.50yrno datano data
Elena Egorova
Head of the Department of Corporate & Property Relationsno datano datano data
Alexey Gusev
Board Secretary5.17yrsno datano data
Sergey Pokrovsky
Deputy Executive Director of the Professional Investors Association3yrsno datano data
Ivanov Nikolayevich
Deputy Chief Engineer of Head of Office3yrsno datano data

3.0yrs

Average Tenure

44yo

Average Age

Experienced Management: OGKB's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Artyom Semikolenov
MD & Director2.58yrsno datano data
Albert Bikmurzin
Director2.58yrsno data0.0060%
RUB 5.1m
Denis Fedorov
Chairman of the Board10.5yrsno data0.097%
RUB 83.1m
Evgeny Zemlyanoy
Director4.58yrsno data0.0060%
RUB 5.1m
Margarita Mironova
Chairman of Audit Commissionno datano datano data
Alexander Rogov
Director9yrsno data0.020%
RUB 17.1m
Pavel Shatskiy
Deputy Chairman of the Board10.5yrsno datano data
Irina Korobkina
Director7yrsno data0.019%
RUB 16.3m
Nikolay Rogalev
Director1yrno datano data
Roman Abdullin
Director4.58yrsno data0.015%
RUB 12.8m
Valery Pyatnitsev
Independent Director2.58yrsno datano data
Zaytsev Arturovich
Director1yrno datano data

4.6yrs

Average Tenure

44yo

Average Age

Experienced Board: OGKB's board of directors are considered experienced (4.6 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 "Second Generating Company of the Electric Power Wholesale Market"'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Public Joint-Stock Company "Second Generating Company of the Electric Power Wholesale Market"
  • Ticker: OGKB
  • Exchange: MISX
  • Founded: 2005
  • Industry: Independent Power Producers and Energy Traders
  • Sector: Utilities
  • Market Cap: ₽85.647b
  • Shares outstanding: 110.44b
  • Website: https://www.ogk2.ru

Number of Employees


Location

  • Public Joint-Stock Company "Second Generating Company of the Electric Power Wholesale Market"
  • Building 1
  • litera A
  • Saint Petersburg
  • 196140
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OGKBMISX (Micex - Rts)YesOrdinary SharesRURUBJul 2006

Biography

Public Joint-Stock Company ‘Second Generating Company of the Electric Power Wholesale Market’, together with its subsidiaries, generates and sells electricity and thermal energy in Russia. As of December 3...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/26 18:04
End of Day Share Price2021/01/26 00:00
Earnings2020/09/30
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.