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
Rewards
Risk Analysis
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
| OGKB | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.4% | -1.1% | -3.2% |
| 30 Day | 9.8% | 6.6% | 2.5% |
| 90 Day | 16.1% | 8.8% | 20.1% |
| 1 Year | 40.6%31.1% | 16.2%8.1% | 4.8%-1.7% |
| 3 Year | 80.3%50.6% | 47.1%19.5% | 52.3%25.9% |
| 5 Year | 332.0%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
21 hours ago | Simply Wall St
Calculating The Intrinsic Value Of Public Joint-Stock Company "Second Generating Company of the Electric Power Wholesale Market" (MCX:OGKB)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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Accountant | no data | no data | no data | |
| Head of OGK-2 Projects | 12.92yrs | no data | no data | |
| Head of Internal Audit & Financial Control Department | no data | no data | no data | |
| MD & Director | 2.58yrs | no data | no data | |
| Regional Development Director | 2yrs | no data | no data | |
| Head of Corporate Governance Department | no data | no data | no data | |
| Deputy Managing Director for Economics & Finance | 0.50yr | no data | no data | |
| Head of the Department of Corporate & Property Relations | no data | no data | no data | |
| Board Secretary | 5.17yrs | no data | no data | |
| Deputy Executive Director of the Professional Investors Association | 3yrs | no data | no data | |
| Deputy Chief Engineer of Head of Office | 3yrs | no data | no data |
3.0yrs
Average Tenure
44yo
Average Age
Experienced Management: OGKB's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Director | 2.58yrs | no data | no data | |
| Director | 2.58yrs | no data | 0.0060% RUB 5.1m | |
| Chairman of the Board | 10.5yrs | no data | 0.097% RUB 83.1m | |
| Director | 4.58yrs | no data | 0.0060% RUB 5.1m | |
| Chairman of Audit Commission | no data | no data | no data | |
| Director | 9yrs | no data | 0.020% RUB 17.1m | |
| Deputy Chairman of the Board | 10.5yrs | no data | no data | |
| Director | 7yrs | no data | 0.019% RUB 16.3m | |
| Director | 1yr | no data | no data | |
| Director | 4.58yrs | no data | 0.015% RUB 12.8m | |
| Independent Director | 2.58yrs | no data | no data | |
| Director | 1yr | no data | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| OGKB | MISX (Micex - Rts) | Yes | Ordinary Shares | RU | RUB | Jul 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/26 18:04 |
| End of Day Share Price | 2021/01/26 00:00 |
| Earnings | 2020/09/30 |
| 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.