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Saratovenergo

MISX:SARE
Snowflake Description

Mediocre balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SARE
MISX
RUB634M
Market Cap
  1. Home
  2. RU
  3. Utilities
Company description

Public Joint Stock Company Saratovenergo supplies electricity in the Saratov region, Russia. The last earnings update was 70 days ago. More info.


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SARE Share Price and Events
7 Day Returns
0.2%
MISX:SARE
1.2%
RU Electric Utilities
-0.1%
RU Market
1 Year Returns
25.4%
MISX:SARE
-4.8%
RU Electric Utilities
7.9%
RU Market
SARE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Saratovenergo (SARE) 0.2% -10.9% -0.1% 25.4% -63.7% 503.7%
RU Electric Utilities 1.2% 2.2% 5.3% -4.8% 36% 105.3%
RU Market -0.1% 1.4% 3.1% 7.9% 29.6% 100.8%
1 Year Return vs Industry and Market
  • SARE outperformed the Electric Utilities industry which returned -4.8% over the past year.
  • SARE outperformed the Market in Russian Federation which returned 7.9% over the past year.
Price Volatility
SARE
Industry
5yr Volatility vs Market

SARE Value

 Is Saratovenergo undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Saratovenergo to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Saratovenergo.

MISX:SARE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 16%
Perpetual Growth Rate 10-Year RU Government Bond Rate 8.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for MISX:SARE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year RU Govt Bond Rate 8.4%
Equity Risk Premium S&P Global 9.4%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.24
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.242 (1 + (1- 20%) (181.67%))
0.727
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.44% + (0.8 * 9.43%)
15.98%

Discounted Cash Flow Calculation for MISX:SARE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Saratovenergo is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

MISX:SARE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (RUB, Millions) Source Present Value
Discounted (@ 15.98%)
2019 143.77 Est @ -29.27% 123.96
2020 117.95 Est @ -17.96% 87.68
2021 106.11 Est @ -10.04% 68.01
2022 101.34 Est @ -4.5% 56.00
2023 100.72 Est @ -0.61% 47.99
2024 102.84 Est @ 2.1% 42.24
2025 106.95 Est @ 4% 37.88
2026 112.66 Est @ 5.33% 34.40
2027 119.72 Est @ 6.27% 31.52
2028 128.00 Est @ 6.92% 29.06
Present value of next 10 years cash flows RUB558.74
MISX:SARE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= RUB128.00 × (1 + 8.44%) ÷ (15.98% – 8.44%)
RUB1,839.90
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= RUB1,839.90 ÷ (1 + 15.98%)10
RUB417.65
MISX:SARE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= RUB558.74 + RUB417.65
RUB976.39
Equity Value per Share
(RUB)
= Total value / Shares Outstanding
= RUB976.39 / 4,865.13
RUB0.2
MISX:SARE Discount to Share Price
Calculation Result
Value per share (RUB) From above. RUB0.20
Current discount Discount to share price of RUB0.13
= -1 x (RUB0.13 - RUB0.20) / RUB0.20
35%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Saratovenergo is available for.
Intrinsic value
35%
Share price is RUB0.1304 vs Future cash flow value of RUB0.20069
Current Discount Checks
For Saratovenergo to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Saratovenergo's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Saratovenergo's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Saratovenergo's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Saratovenergo's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MISX:SARE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in RUB RUB0.00
MISX:SARE Share Price ** MISX (2019-04-19) in RUB RUB0.13
Russian Federation Electric Utilities Industry PE Ratio Median Figure of 33 Publicly-Listed Electric Utilities Companies 6.87x
Russian Federation Market PE Ratio Median Figure of 129 Publicly-Listed Companies 7.37x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Saratovenergo.

MISX:SARE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= MISX:SARE Share Price ÷ EPS (both in RUB)

= 0.13 ÷ 0.00

87.34x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Saratovenergo is overvalued based on earnings compared to the RU Electric Utilities industry average.
  • Saratovenergo is overvalued based on earnings compared to the Russian Federation market.
Price based on expected Growth
Does Saratovenergo's expected growth come at a high price?
Raw Data
MISX:SARE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 87.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
17.4%per year
Russian Federation Electric Utilities Industry PEG Ratio Median Figure of 8 Publicly-Listed Electric Utilities Companies 0.14x
Russian Federation Market PEG Ratio Median Figure of 33 Publicly-Listed Companies 0.5x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Saratovenergo, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Saratovenergo's assets?
Raw Data
MISX:SARE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in RUB RUB0.04
MISX:SARE Share Price * MISX (2019-04-19) in RUB RUB0.13
Russian Federation Electric Utilities Industry PB Ratio Median Figure of 37 Publicly-Listed Electric Utilities Companies 0.58x
Russian Federation Market PB Ratio Median Figure of 149 Publicly-Listed Companies 0.82x
MISX:SARE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= MISX:SARE Share Price ÷ Book Value per Share (both in RUB)

= 0.13 ÷ 0.04

3.62x

* Primary Listing of Saratovenergo.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Saratovenergo is overvalued based on assets compared to the RU Electric Utilities industry average.
X
Value checks
We assess Saratovenergo's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electric Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electric Utilities industry average (and greater than 0)? (1 check)
  5. Saratovenergo has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SARE Future Performance

 How is Saratovenergo expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Saratovenergo, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Saratovenergo expected to grow at an attractive rate?
  • Saratovenergo's earnings growth is expected to exceed the low risk savings rate of 8.4%.
Growth vs Market Checks
  • Saratovenergo's earnings growth is expected to exceed the Russian Federation market average.
  • Unable to compare Saratovenergo's revenue growth to the Russian Federation market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
MISX:SARE Future Growth Rates Data Sources
Data Point Source Value (per year)
MISX:SARE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 17.4%
Russian Federation Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 2.3%
Russian Federation Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Russian Federation Market Earnings Growth Rate Market Cap Weighted Average 3.6%
Russian Federation Market Revenue Growth Rate Market Cap Weighted Average 4.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
MISX:SARE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in RUB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MISX:SARE Past Financials Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income *
2018-12-31 23,676 245 7
2018-09-30 23,478 7
2018-06-30 23,240 6
2018-03-31 22,231 10
2017-12-31 21,508 -641 7
2017-09-30 20,730 0
2017-06-30 19,555 -5
2017-03-31 19,168 -1
2016-12-31 18,390 707 4
2016-09-30 17,914 24
2016-06-30 17,461 29
2016-03-31 16,966 19

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Saratovenergo's earnings are expected to grow by 17.4% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Saratovenergo is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
MISX:SARE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Saratovenergo Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:SARE Past Financials Data
Date (Data in RUB Millions) EPS *
2018-12-31 0.00
2018-09-30
2018-06-30
2018-03-31
2017-12-31 0.00
2017-09-30
2017-06-30
2017-03-31 0.00
2016-12-31 0.00
2016-09-30
2016-06-30
2016-03-31 0.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Saratovenergo will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Saratovenergo's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Russian Federation market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Russian Federation market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Saratovenergo has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SARE Past Performance

  How has Saratovenergo performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Saratovenergo's growth in the last year to its industry (Electric Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Saratovenergo's year on year earnings growth rate has been positive over the past 5 years.
  • Saratovenergo's 1-year earnings growth is less than its 5-year average (2.1% vs 7.9%)
  • Saratovenergo's earnings growth has not exceeded the RU Electric Utilities industry average in the past year (2.1% vs 3.2%).
Earnings and Revenue History
Saratovenergo's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Saratovenergo Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:SARE Past Revenue, Cash Flow and Net Income Data
Date (Data in RUB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 23,675.55 7.27 15,803.54
2018-09-30 23,478.27 7.35 15,854.22
2018-06-30 23,240.39 6.22 15,738.32
2018-03-31 22,230.79 9.75 14,983.75
2017-12-31 21,508.22 7.12 14,366.69
2017-09-30 20,730.44 0.28 13,670.11
2017-06-30 19,555.01 -5.19 12,731.24
2017-03-31 19,168.24 -0.73 12,246.07
2016-12-31 18,390.27 3.67 11,593.50
2016-09-30 17,913.75 23.98 11,172.48
2016-06-30 17,460.70 28.96 10,838.13
2016-03-31 16,965.65 18.77 10,526.93
2015-12-31 16,812.18 18.29 10,325.54
2015-09-30 16,882.11 13.69 10,207.50
2015-06-30 16,709.97 -15.57 10,081.48
2015-03-31 16,889.78 26.70 10,160.60
2014-12-31 16,881.10 3.06 10,185.79
2014-09-30 16,486.37 -5.00 10,134.41
2014-06-30 16,256.79 17.74 10,072.92
2014-03-31 15,810.17 -18.63 9,953.48
2013-12-31 15,367.76 1.01 9,832.85
2013-09-30 15,019.44 -165.09 9,589.51
2013-06-30 14,871.22 -509.61 9,468.27
2013-03-31 14,570.42 -520.35 9,272.10
2012-12-31 14,731.68 -515.06 9,066.51
2012-09-30 14,709.12 -321.01 8,877.22
2012-06-30 14,432.21 -4.21 8,582.14

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Saratovenergo has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Saratovenergo used its assets less efficiently than the RU Electric Utilities industry average last year based on Return on Assets.
  • It is difficult to establish if Saratovenergo improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Saratovenergo's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electric Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Saratovenergo has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SARE Health

 How is Saratovenergo's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Saratovenergo's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Saratovenergo's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Saratovenergo's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Saratovenergo's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Saratovenergo Company Filings, last reported 3 months ago.

MISX:SARE Past Debt and Equity Data
Date (Data in RUB Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 175.37 1,152.53 10.93
2018-09-30 177.47 1,701.86 9.68
2018-06-30 175.49 1,653.78 10.70
2018-03-31 172.26 1,704.58 14.80
2017-12-31 168.10 1,342.84 11.63
2017-09-30 170.12 1,688.94 14.73
2017-06-30 169.27 1,389.43 8.24
2017-03-31 162.50 1,367.95 6.68
2016-12-31 160.99 701.00 24.34
2016-09-30 169.85 1,323.93 13.33
2016-06-30 174.46 1,395.96 22.45
2016-03-31 163.23 1,400.61 21.91
2015-12-31 157.32 1,327.20 6.81
2015-09-30 145.86 1,392.53 32.74
2015-06-30 145.51 1,237.92 50.75
2015-03-31 144.47 1,261.99 48.82
2014-12-31 139.03 962.91 6.50
2014-09-30 132.17 1,280.91 30.33
2014-06-30 161.07 1,297.11 11.29
2014-03-31 117.08 1,298.57 60.56
2013-12-31 135.27 1,047.49 12.86
2013-09-30 136.48 1,201.07 21.03
2013-06-30 142.64 1,277.20 24.28
2013-03-31 135.71 1,299.04 36.53
2012-12-31 134.27 1,003.80 33.95
2012-09-30 336.05 1,270.87 48.91
2012-06-30 686.73 958.42 41.81
  • Saratovenergo's level of debt (657.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (777.6% vs 657.2% today).
  • Debt is well covered by operating cash flow (21.3%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Saratovenergo's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Saratovenergo's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Saratovenergo has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SARE Dividends

 What is Saratovenergo's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Saratovenergo dividends.
If you bought RUB2,000 of Saratovenergo shares you are expected to receive RUB0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Saratovenergo's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Saratovenergo's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
MISX:SARE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Russian Federation Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 5.9%
Russian Federation Market Average Dividend Yield Market Cap Weighted Average of 75 Stocks 6.8%
Russian Federation Minimum Threshold Dividend Yield 10th Percentile 1.6%
Russian Federation Bottom 25% Dividend Yield 25th Percentile 3.3%
Russian Federation Top 25% Dividend Yield 75th Percentile 9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Saratovenergo has not reported any payouts.
  • Unable to verify if Saratovenergo's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Saratovenergo's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Saratovenergo has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Saratovenergo's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Saratovenergo afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Saratovenergo has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SARE Management

 What is the CEO of Saratovenergo's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Saratovenergo has no CEO, or we have no data on them.
Management Team

Gennady Binko

TITLE
Chairman of Management Board
AGE
60

Myazin Nikolaevich

TITLE
Director of Economics & Finance

Lamekina Mikhailovna

TITLE
Director of Human Resources & Administration
TENURE
0.3 yrs

Ilya Gordeev

TITLE
Deputy CEO
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure of the Saratovenergo board of directors in years:

5.5
Average Tenure
  • The tenure for the Saratovenergo board of directors is about average.
Board of Directors

Aleksey Scherbakov

TITLE
General Director & CEO
TENURE
6 yrs

Pavel Fominov

TITLE
Director
TENURE
7 yrs

Dmitriy Orlov

TITLE
Director
TENURE
4.9 yrs

Sergey Maksimov

TITLE
Director
TENURE
4.9 yrs

Lyudmila Diordieva

TITLE
Member of Audit Committee
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (RUB) Value (RUB)
X
Management checks
We assess Saratovenergo's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Saratovenergo has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SARE News

Simply Wall St News

Can Public Joint Stock Company Saratovenergo (MCX:SARE) Improve Its Returns?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows Saratovenergo has a return on equity of 4.1% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

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Should You Be Tempted To Sell Public Joint Stock Company Saratovenergo (MCX:SARE) Because Of Its P/E Ratio?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … To keep it practical, we'll show how Public Joint Stock Company Saratovenergo's (MCX:SARE) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

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Is Public Joint Stock Company Saratovenergo's (MCX:SARE) 4.2% Worse Than Average?

By way of learning-by-doing, we'll look at ROE to gain a better understanding Public Joint Stock Company Saratovenergo (MCX:SARE). … Another way to think of that is that for every RUB1 worth of equity in the company, it was able to earn RUB0.042. … Return on Equity = Net Profit ÷ Shareholders' Equity

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Where Public Joint Stock Company Saratovenergo's (MCX:SARE) Earnings Growth Stands Against Its Industry

Examining Public Joint Stock Company Saratovenergo's (MCX:SARE) past track record of performance is a valuable exercise for investors. … It enables us to understand whether the company has met or exceed expectations, which is a powerful signal for future performance. … Below, I will assess SARE's latest performance announced on 30 June 2018 and weigh these figures against its longer term trend and industry movements.

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What Does Public Joint Stock Company Saratovenergo's (MCX:SARE) PE Ratio Tell You?

I am writing today to help inform people who are new to the stock market. … Public Joint Stock Company Saratovenergo (MCX:SARE) is trading with a trailing P/E of 48.4x, which is higher than the industry average of 5.9x. … While this makes SARE appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio.

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Why Public Joint Stock Company Saratovenergo (MCX:SARE) Delivered An Inferior ROE Compared To The Industry

and looking to gauge the potential return on investment in Public Joint Stock Company Saratovenergo (MCX:SARE). … Public Joint Stock Company Saratovenergo (MCX:SARE) generated a below-average return on equity of 5.66% in the past 12 months, while its industry returned 10.14%.

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What Do You Get For Owning Public Joint-Stock Company Saratovenergo (MCX:SARE)?

Thus, to understand how your money can grow by investing in Saratovenergo, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE). … I have calculated Saratovenergo’s ROCE for you below: ROCE Calculation for SARE Return on Capital Employed (ROCE) = Earnings Before Tax (EBT) ÷ (Capital Employed) Capital Employed = (Total Assets - Current Liabilities) ∴ ROCE = RUРУБ97.89M ÷ (RUРУБ3.78B - RUРУБ3.51B) = 36.51% As you can see, SARE earned RUB36.5 from every RUB100 you invested over the previous twelve months. … Conversely, the movement in the earnings variable shows a jump from RUРУБ88.38M to RUРУБ97.89M albeit capital employed has improved by a relatively larger volume due to a hike in the level of total assets , indicating that the previous growth in earnings has not been able to improve ROCE because the company now needs to employ more capital to operate the business.

Simply Wall St -

Who Are The Major Shareholders In Public Joint-Stock Company Saratovenergo (MCX:SARE)?

In this analysis, my focus will be on developing a perspective on Public Joint-Stock Company Saratovenergo’s (MISX:SARE) latest ownership structure, a less discussed, but important factor. … General Public Ownership With 7.05% ownership, the general public are also an important ownership class in SARE. … Private Company Ownership Potential investors in SARE should also look at another important group of investors: private companies, with a stake of 9.24%, who are primarily invested because of strategic and capital gain interests.

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With An ROE Of 4.23%, Can Public Joint-Stock Company Saratovenergo (MCX:SARE) Catch Up To The Industry?

Return on Equity = Net Profit ÷ Shareholders Equity ROE is assessed against cost of equity, which is measured using the Capital Asset Pricing Model (CAPM) – but let’s not dive into the details of that today. … ROE can be dissected into three distinct ratios: net profit margin, asset turnover, and financial leverage. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity MISX:SARE Last Perf Apr 5th 18 Essentially, profit margin shows how much money the company makes after paying for all its expenses.

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Is Public Joint-Stock Company Saratovenergo's (MCX:SARE) PE Ratio A Signal To Sell For Investors?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for SARE Price per share = RUB0.11 Earnings per share = RUB0.001 ∴ Price-Earnings Ratio = RUB0.11 ÷ RUB0.001 = 74.2x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you inadvertently compared riskier firms with SARE, then investors would naturally value SARE at a higher price since it is a less risky investment. … Similarly, if you accidentally compared lower growth firms with SARE, investors would also value SARE at a higher price since it is a higher growth investment.

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SARE Company Info

Description

Public Joint Stock Company Saratovenergo supplies electricity in the Saratov region, Russia. It serves 23,018 legal entities and 645,374 household subscribers. The company was formerly known as Energy and Electrification Joint-Stock Company Saratovenergo and changed its name to Public Joint Stock Company Saratovenergo in June 2015. The company was founded in 1933 and is based in Saratov, Russia. Public Joint Stock Company Saratovenergo is a subsidiary of Public Joint Stock Company Inter RAO UES.

Details
Name: Public Joint Stock Company Saratovenergo
SARE
Exchange: MISX
Founded: 1933
RUB634,412,690
4,865,127,996
Website: http://www.saratovenergo.ru
Address: Public Joint Stock Company Saratovenergo
ul. them. Rakhova VG, 181,
Saratov,
Saratovskaya obl., 410005,
Russia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
MISX SARE Ordinary Shares Micex - Rts RU RUB 14. Aug 1997
MISX SAREP RUB0.02113 PRF(RUB) Micex - Rts RU RUB 14. Aug 1997
Number of employees
Current staff
Staff numbers
0
Saratovenergo employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 21:15
End of day share price update: 2019/04/19 00:00
Last earnings filing: 2019/02/10
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.