MISX:SARE

Stock Analysis Report

Executive Summary

Public Joint Stock Company Saratovenergo supplies electricity in the Saratov region, Russia.

Snowflake

Fundamentals

Slightly overvalued with imperfect balance sheet.

Share Price & News

How has Saratovenergo's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SARE has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.3%

SARE

0.2%

RU Electric Utilities

-0.4%

RU Market


1 Year Return

4.7%

SARE

20.5%

RU Electric Utilities

22.0%

RU Market

Return vs Industry: SARE underperformed the Russian Electric Utilities industry which returned 20.5% over the past year.

Return vs Market: SARE underperformed the Russian Market which returned 22% over the past year.


Shareholder returns

SAREIndustryMarket
7 Day-0.3%0.2%-0.4%
30 Day-5.0%2.1%5.1%
90 Day0.5%6.3%9.3%
1 Year4.7%4.7%27.1%20.5%30.8%22.0%
3 Year-10.8%-10.8%16.7%1.8%62.6%37.2%
5 Year188.7%188.7%147.8%100.3%152.9%98.5%

Price Volatility Vs. Market

How volatile is Saratovenergo's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SARE (RUB0.12) is trading below our estimate of fair value (RUB0.44)

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


Price To Earnings Ratio

PE vs Industry: SARE is poor value based on its PE Ratio (85.1x) compared to the Electric Utilities industry average (6.3x).

PE vs Market: SARE is poor value based on its PE Ratio (85.1x) compared to the Russian market (7.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SARE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SARE is overvalued based on its PB Ratio (3.2x) compared to the RU Electric Utilities industry average (0.7x).


Next Steps

Future Growth

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

6.3%

Forecasted Utilities industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Saratovenergo has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Saratovenergo performed over the past 5 years?

-4.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SARE has large one-off items impacting its financial results.

Growing Profit Margin: SARE's current net profit margins (0.03%) are lower than last year (0.03%).


Past Earnings Growth Analysis

Earnings Trend: SARE has become profitable over the past 5 years, growing earnings by -4.6% per year.

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

Earnings vs Industry: SARE had negative earnings growth (-6.4%) over the past year, making it difficult to compare to the Electric Utilities industry average (-6.8%).


Return on Equity

High ROE: SARE's Return on Equity (3.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Saratovenergo's financial position?


Financial Position Analysis

Short Term Liabilities: SARE's short term assets (RUB2.7B) do not cover its short term liabilities (RUB3.2B)

Long Term Liabilities: SARE's short term assets (RUB2.7B) exceeds its long term liabilities (941.0K)


Debt to Equity History and Analysis

Debt Level: SARE's debt to equity ratio (802.9%) is considered high.

Reducing Debt: SARE's debt to equity ratio has reduced from 966% to 802.9% over the past 5 years.

Debt Coverage: SARE's debt is not well covered by operating cash flow (16.6%).

Interest Coverage: Insufficient data to determine if SARE's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: SARE has a low level of unsold assets or inventory.

Debt Coverage by Assets: SARE's debt is covered by short term assets (assets are 1.9x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%3.5%markettop25%8.5%industryaverage5.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate SARE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate SARE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SARE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SARE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SARE's dividend in 3 years as they are not forecast to pay a notable one for the Russian market.


Next Steps

Management

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

6.0yrs

Average board tenure


CEO

Aleksey Scherbakov 0

0yrs

Tenure

0

Mr. Aleksey Anatolyevich Scherbakov has been a Director and General Director at Public Joint-Stock Company Saratovenergo. 


Board Age and Tenure

6.0yrs

Average Tenure

Experienced Board: SARE's board of directors are considered experienced (6 years average tenure).


Insider Trading

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.


Management Team

  • Aleksey Scherbakov

    General Director & Director

    • Tenure: 0yrs
  • Myazin Nikolaevich

    Director of Economics & Finance

    • Tenure: 0yrs
  • Lamekina Mikhailovna

    Director of Human Resources & Administration

    • Tenure: 0.8yrs

Board Members

  • Pavel Fominov

    Director

    • Tenure: 7.6yrs
  • Aleksey Scherbakov

    General Director & Director

    • Tenure: 0yrs
  • Dmitriy Orlov

    Director

    • Tenure: 5.5yrs
  • Sergey Maksimov

    Director

    • Tenure: 5.5yrs

Company Information

Public Joint Stock Company Saratovenergo's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Public Joint Stock Company Saratovenergo
  • Ticker: SARE
  • Exchange: MISX
  • Founded: 1933
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: ₽583.815m
  • Shares outstanding: 4.87b
  • Website: https://www.saratovenergo.ru

Location

  • Public Joint Stock Company Saratovenergo
  • st. them. Rakhova V.G., d.181
  • Saratov
  • Saratovskaya obl.
  • 410005
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SAREMISX (Micex - Rts)YesOrdinary SharesRURUBAug 1997
SAREPMISX (Micex - Rts)RUB0.02113 PRF(USD)RURUBAug 1997

Biography

Public Joint Stock Company Saratovenergo supplies electricity in the Saratov region, Russia. It serves proximately 22,000 legal entities and 600,000 household subscribers. The company was formerly known as ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/20 21:19
End of Day Share Price2019/11/20 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.