Saratovenergo Valuation

Q: What is the Fair Price of SARE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

SARE (RUB0.14) is trading below our estimate of [[fair value]] (RUB1.36)

Is SARE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SARE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SARE (RUB0.14) is trading below our estimate of fair value (RUB1.36)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SARE?

Key metric: As SARE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SARE. This is calculated by dividing SARE's market cap by their current earnings.
What is SARE's PE Ratio?
PE Ratio	22.1x
Earnings	₽30.82m
Market Cap	₽680.14m

SARE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.05x
Enterprise Value/EBITDA	75.1x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does SARE's PE Ratio compare to its peers?

The above table shows the PE ratio for SARE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	4.2x
TASB Tambov power supply	2.9x	n/a	₽681.4m
STSB Stavropolenergosbyt	2x	n/a	₽593.6m
ASSB Astrakhan Power Sale Company	8.9x	n/a	₽527.4m
MRSB Mordovia Energy Retail Company	2.9x	n/a	₽437.1m
SARE Saratovenergo	22.1x	n/a	₽680.1m

Price-To-Earnings vs Peers: SARE is expensive based on its Price-To-Earnings Ratio (22.1x) compared to the peer average (7.1x).

Price to Earnings Ratio vs Industry

How does SARE's PE Ratio compare vs other companies in the RU Electric Utilities Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: SARE is expensive based on its Price-To-Earnings Ratio (22.1x) compared to the Russian Electric Utilities industry average (4.8x).

Price to Earnings Ratio vs Fair Ratio

What is SARE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SARE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	22.1x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SARE's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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