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RSTI

Rosseti MISX:RSTI Stock Report

Last Price

₽0.66

Market Cap

₽132.9b

7D

-7.4%

1Y

-53.3%

Updated

25 May, 2022

Data

Company Financials +
RSTI fundamental analysis
Snowflake Score
Valuation6/6
Future Growth4/6
Past Performance1/6
Financial Health4/6
Dividends2/6

RSTI Stock Overview

Rosseti, Public Joint Stock Company, together with its subsidiaries, provides electricity transmission and distribution services in Russia.

Rewards

Trading at 79.8% below our estimate of its fair value

Earnings are forecast to grow 36% per year

Risk Analysis

No risks detected for RSTI from our risk checks.

Rosseti Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Rosseti
Historical stock prices
Current Share Price₽0.66
52 Week High₽1.49
52 Week Low₽0.43
Beta0.98
1 Month Change7.89%
3 Month Change25.82%
1 Year Change-53.25%
3 Year Change-48.75%
5 Year Change-14.09%
Change since IPO-82.72%

Recent News & Updates

Jan 03
These 4 Measures Indicate That Rosseti (MCX:RSTI) Is Using Debt Extensively

These 4 Measures Indicate That Rosseti (MCX:RSTI) Is Using Debt Extensively

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Dec 12
Is Rosseti, Public Joint Stock Company (MCX:RSTI) Potentially Undervalued?

Is Rosseti, Public Joint Stock Company (MCX:RSTI) Potentially Undervalued?

While Rosseti, Public Joint Stock Company ( MCX:RSTI ) might not be the most widely known stock at the moment, it saw...

Shareholder Returns

RSTIRU Electric UtilitiesRU Market
7D-7.4%-3.7%-5.8%
1Y-53.3%-29.7%-25.8%

Return vs Industry: RSTI underperformed the Russian Electric Utilities industry which returned -29.7% over the past year.

Return vs Market: RSTI underperformed the Russian Market which returned -25.8% over the past year.

Price Volatility

Is RSTI's price volatile compared to industry and market?
RSTI volatility
RSTI Average Weekly Movement8.9%
Electric Utilities Industry Average Movement8.9%
Market Average Movement8.6%
10% most volatile stocks in RU Market16.1%
10% least volatile stocks in RU Market5.1%

Stable Share Price: RSTI is not significantly more volatile than the rest of Russian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: RSTI's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aBoris Ebzeevhttps://www.rosseti.ru

Rosseti, Public Joint Stock Company, together with its subsidiaries, provides electricity transmission and distribution services in Russia. The company also provides technological connection services. It operates 2.37 million kilometers of power transmission lines; and 517,000 substations with transformer capacity of approximately 802 gigavolt-ampere.

Rosseti Fundamentals Summary

How do Rosseti's earnings and revenue compare to its market cap?
RSTI fundamental statistics
Market Cap₽132.89b
Earnings (TTM)₽58.69b
Revenue (TTM)₽1.08t

2.2x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RSTI income statement (TTM)
Revenue₽1.08t
Cost of Revenue₽892.02b
Gross Profit₽188.99b
Other Expenses₽130.29b
Earnings₽58.69b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.29
Gross Margin17.48%
Net Profit Margin5.43%
Debt/Equity Ratio30.0%

How did RSTI perform over the long term?

See historical performance and comparison

Dividends

3.7%

Current Dividend Yield

8%

Payout Ratio

Valuation

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

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: RSTI (RUB0.66) is trading below our estimate of fair value (RUB3.26)

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


Price To Earnings Ratio

PE vs Industry: RSTI is good value based on its Price-To-Earnings Ratio (2.2x) compared to the Russian Electric Utilities industry average (5.4x).

PE vs Market: RSTI is good value based on its Price-To-Earnings Ratio (2.2x) compared to the Russian market (6.9x).


Price to Earnings Growth Ratio

PEG Ratio: RSTI is good value based on its PEG Ratio (0.1x)


Price to Book Ratio

PB vs Industry: RSTI is good value based on its Price-To-Book Ratio (0.1x) compared to the RU Electric Utilities industry average (0.6x).


Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


36.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RSTI's forecast earnings growth (36% per year) is above the savings rate (7.3%).

Earnings vs Market: RSTI's earnings (36% per year) are forecast to grow faster than the Russian market (5.4% per year).

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

Revenue vs Market: RSTI's revenue (5% per year) is forecast to grow faster than the Russian market (4.1% per year).

High Growth Revenue: RSTI's revenue (5% 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 RSTI's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Rosseti performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-7.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: RSTI has high quality earnings.

Growing Profit Margin: RSTI's current net profit margins (5.4%) are lower than last year (6.1%).


Past Earnings Growth Analysis

Earnings Trend: RSTI's earnings have declined by 7.9% per year over the past 5 years.

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

Earnings vs Industry: RSTI had negative earnings growth (-5%) over the past year, making it difficult to compare to the Electric Utilities industry average (5.6%).


Return on Equity

High ROE: RSTI's Return on Equity (5.1%) is considered low.


Financial Health

How is Rosseti's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: RSTI's short term assets (RUB336.7B) do not cover its short term liabilities (RUB408.0B).

Long Term Liabilities: RSTI's short term assets (RUB336.7B) do not cover its long term liabilities (RUB710.4B).


Debt to Equity History and Analysis

Debt Level: RSTI's net debt to equity ratio (22.1%) is considered satisfactory.

Reducing Debt: RSTI's debt to equity ratio has reduced from 44% to 30.1% over the past 5 years.

Debt Coverage: RSTI's debt is well covered by operating cash flow (55.2%).

Interest Coverage: RSTI's interest payments on its debt are well covered by EBIT (10.2x coverage).


Balance Sheet


Dividend

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

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.74%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: RSTI's dividend (3.74%) isn’t notable compared to the bottom 25% of dividend payers in the Russian market (3.76%).

High Dividend: RSTI's dividend (3.74%) is low compared to the top 25% of dividend payers in the Russian market (11.59%).


Stability and Growth of Payments

Stable Dividend: RSTI has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: RSTI's dividend payments have increased, but the company has only paid a dividend for 6 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (8.4%), RSTI's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (21.9%), RSTI's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

2.0yrs

Average management tenure


CEO

Boris Ebzeev (46 yo)

1

Tenure

Mr. Boris Borisovich Ebzeev serves as Acting Director General at Rosseti, Public Joint Stock Company since May 18, 2021 and is Director since 2021. He has been Director General and Chief Executive Officer...


Leadership Team

Experienced Management: RSTI's management team is considered experienced (2 years average tenure).


Board Members

Experienced Board: RSTI's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


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

Rosseti, Public Joint Stock Company's employee growth, exchange listings and data sources


Key Information

  • Name: Rosseti, Public Joint Stock Company
  • Ticker: RSTI
  • Exchange: MISX
  • Founded: NaN
  • Industry: Electric Utilities
  • Sector: Utilities
  • Implied Market Cap: ₽132.892b
  • Shares outstanding: 200.59b
  • Website: https://www.rosseti.ru

Number of Employees


Location

  • Rosseti, Public Joint Stock Company
  • 4, Belovezhskaya Street
  • Moscow
  • 121353
  • Russia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/25 00:00
End of Day Share Price2022/05/25 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.