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Unipro

MISX:UPRO
Snowflake Description

Excellent balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
UPRO
MISX
RUB158B
Market Cap
  1. Home
  2. RU
  3. Utilities
Company description

Public Joint-Stock Company Unipro engages in the generation and sale of electricity and heat in Russia. The last earnings update was 13 days ago. More info.


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UPRO Share Price and Events
7 Day Returns
-4.8%
MISX:UPRO
-3.3%
RU Renewable Energy
2.7%
RU Market
1 Year Returns
-9.7%
MISX:UPRO
-8.5%
RU Renewable Energy
4.9%
RU Market
UPRO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Unipro (UPRO) -4.8% -6.2% -5.9% -9.7% -3.5% -7.3%
RU Renewable Energy -3.3% -4.3% -3.7% -8.5% -0.9% 22%
RU Market 2.7% 0.4% 2.7% 4.9% 35.2% 80%
1 Year Return vs Industry and Market
  • UPRO underperformed the Renewable Energy industry which returned -8.5% over the past year.
  • UPRO underperformed the Market in Russian Federation which returned 4.9% over the past year.
Price Volatility
UPRO
Industry
5yr Volatility vs Market

UPRO Value

 Is Unipro 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 Unipro 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 Unipro.

MISX:UPRO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) 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:UPRO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year RU Govt Bond Rate 8.4%
Equity Risk Premium S&P Global 9.4%
Renewable Energy Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.47 (1 + (1- 20%) (0.44%))
0.646
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:UPRO using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Unipro 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:UPRO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (RUB, Millions) Source Present Value
Discounted (@ 15.98%)
2019 3,849.50 Analyst x2 3,318.99
2020 26,417.17 Analyst x6 19,637.68
2021 21,631.67 Analyst x3 13,864.23
2022 20,031.00 Analyst x3 11,069.05
2023 22,990.00 Analyst x2 10,953.39
2024 22,731.67 Est @ -1.12% 9,337.76
2025 23,128.43 Est @ 1.75% 8,191.43
2026 23,996.63 Est @ 3.75% 7,327.66
2027 25,234.77 Est @ 5.16% 6,643.80
2028 26,785.14 Est @ 6.14% 6,080.13
Present value of next 10 years cash flows RUB96,424.12
MISX:UPRO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= RUB26,785.14 × (1 + 8.44%) ÷ (15.98% – 8.44%)
RUB385,018.60
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= RUB385,018.60 ÷ (1 + 15.98%)10
RUB87,397.88
MISX:UPRO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= RUB96,424.12 + RUB87,397.88
RUB183,822.00
Equity Value per Share
(RUB)
= Total value / Shares Outstanding
= RUB183,822.00 / 63,048.71
RUB2.92
MISX:UPRO Discount to Share Price
Calculation Result
Value per share (RUB) From above. RUB2.92
Current discount Discount to share price of RUB2.51
= -1 x (RUB2.51 - RUB2.92) / RUB2.92
13.8%

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

Current Discount
Amount off the current price Unipro is available for.
Intrinsic value
14%
Share price is RUB2.51 vs Future cash flow value of RUB2.92
Current Discount Checks
For Unipro to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Unipro's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Unipro'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 Unipro's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Unipro's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MISX:UPRO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in RUB RUB0.28
MISX:UPRO Share Price ** MISX (2019-05-20) in RUB RUB2.51
Russian Federation Renewable Energy Industry PE Ratio Median Figure of 5 Publicly-Listed Renewable Energy Companies 8.95x
Russian Federation Market PE Ratio Median Figure of 134 Publicly-Listed Companies 6.92x

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

** Primary Listing of Unipro.

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

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

= 2.51 ÷ 0.28

8.93x

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

  • Unipro is good value based on earnings compared to the RU Renewable Energy industry average.
  • Unipro is overvalued based on earnings compared to the Russian Federation market.
Price based on expected Growth
Does Unipro's expected growth come at a high price?
Raw Data
MISX:UPRO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
5.8%per year
Europe Renewable Energy Industry PEG Ratio Median Figure of 25 Publicly-Listed Renewable Energy Companies 1.81x
Russian Federation Market PEG Ratio Median Figure of 33 Publicly-Listed Companies 0.72x

*Line of best fit is calculated by linear regression .

MISX:UPRO PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.93x ÷ 5.8%

1.55x

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

  • Unipro is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Unipro's assets?
Raw Data
MISX:UPRO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in RUB RUB1.95
MISX:UPRO Share Price * MISX (2019-05-20) in RUB RUB2.51
Russian Federation Renewable Energy Industry PB Ratio Median Figure of 5 Publicly-Listed Renewable Energy Companies 0.83x
Russian Federation Market PB Ratio Median Figure of 151 Publicly-Listed Companies 0.8x
MISX:UPRO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.51 ÷ 1.95

1.29x

* Primary Listing of Unipro.

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

  • Unipro is overvalued based on assets compared to the RU Renewable Energy industry average.
X
Value checks
We assess Unipro'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 Renewable Energy 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 Renewable Energy industry average (and greater than 0)? (1 check)
  5. Unipro 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.

UPRO Future Performance

 How is Unipro expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

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
5.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Unipro expected to grow at an attractive rate?
  • Unipro's earnings growth is positive but not above the low risk savings rate of 8.4%.
Growth vs Market Checks
  • Unipro's earnings growth is expected to exceed the Russian Federation market average.
  • Unipro's revenue growth is expected to exceed the Russian Federation market average.
Annual Growth Rates Comparison
Raw Data
MISX:UPRO Future Growth Rates Data Sources
Data Point Source Value (per year)
MISX:UPRO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 5.8%
MISX:UPRO Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 4.3%
Russian Federation Renewable Energy Industry Earnings Growth Rate Market Cap Weighted Average 8%
Europe Renewable Energy Industry Revenue Growth Rate Market Cap Weighted Average 6.7%
Russian Federation Market Earnings Growth Rate Market Cap Weighted Average 2.8%
Russian Federation Market Revenue Growth Rate Market Cap Weighted Average 4.2%

*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:UPRO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in RUB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MISX:UPRO Future Estimates Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 99,713 25,000 3
2022-12-31 95,258 31,919 23,162 4
2021-12-31 95,933 32,015 25,069 5
2020-12-31 97,484 33,647 27,235 7
2019-12-31 80,704 23,735 17,909 6
MISX:UPRO Past Financials Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income *
2019-03-31 80,478 17,752
2018-12-31 77,777 25,506 16,618
2018-09-30 75,306 15,714
2018-06-30 76,366 17,429 17,295
2018-03-31 76,172 34,015
2017-12-31 76,522 33,531 33,609
2017-09-30 77,048 32,668
2017-06-30 76,269 43,026 30,299
2017-03-31 76,366 11,928
2016-12-31 78,032 23,537 5,166
2016-09-30 81,160 7,827
2016-06-30 80,395 23,310 7,354

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unipro's earnings are expected to grow by 5.8% yearly, however this is not considered high growth (20% yearly).
  • Unipro's revenue is expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).
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:UPRO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Unipro Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:UPRO Future Estimates Data
Date (Data in RUB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.37 0.40 0.34 2.00
2021-12-31 0.39 0.40 0.36 3.00
2020-12-31 0.44 0.50 0.40 6.00
2019-12-31 0.29 0.30 0.28 4.00
MISX:UPRO Past Financials Data
Date (Data in RUB Millions) EPS *
2019-03-31 0.28
2018-12-31 0.26
2018-09-30 0.25
2018-06-30 0.27
2018-03-31 0.54
2017-12-31 0.53
2017-09-30 0.52
2017-06-30 0.48
2017-03-31 0.19
2016-12-31 0.08
2016-09-30 0.12
2016-06-30 0.12

*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.
  • Unipro is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Unipro'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 Europe 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.
Unipro 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.

UPRO Past Performance

  How has Unipro 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 Unipro's growth in the last year to its industry (Renewable Energy).
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.
  • Unipro's year on year earnings growth rate has been positive over the past 5 years.
  • Unipro's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Unipro's 1-year earnings growth is negative, it can't be compared to the Europe Renewable Energy industry average.
Earnings and Revenue History
Unipro'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 Unipro Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:UPRO Past Revenue, Cash Flow and Net Income Data
Date (Data in RUB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 80,477.82 17,752.45 9,670.82
2018-12-31 77,777.01 16,617.91 9,611.03
2018-09-30 75,305.77 15,714.41 9,943.56
2018-06-30 76,366.40 17,294.61 9,514.24
2018-03-31 76,172.38 34,014.85 9,077.88
2017-12-31 76,521.54 33,608.87 9,102.82
2017-09-30 77,048.29 32,667.61 9,077.90
2017-06-30 76,269.17 30,298.73 9,536.88
2017-03-31 76,366.45 11,927.98 9,125.47
2016-12-31 78,031.94 5,166.45 9,208.02
2016-09-30 81,159.99 7,826.83 8,936.48
2016-06-30 80,395.50 7,353.79 8,856.30
2016-03-31 79,912.13 8,025.72 8,630.10
2015-12-31 76,705.55 13,676.22 8,486.62
2015-09-30 73,727.82 12,419.49 8,542.69
2015-06-30 74,261.66 14,553.12 8,377.53
2015-03-31 76,225.87 16,686.88 8,431.92
2014-12-31 77,693.13 16,813.43 8,193.09
2014-09-30 78,085.74 16,799.72 8,705.60
2014-06-30 79,635.65 12,951.86 7,606.04
2014-03-31 78,655.73 12,679.12 8,566.46
2013-12-31 78,780.50 14,374.75 8,491.46
2013-09-30 77,135.75 14,205.96 6,708.79
2013-06-30 78,212.35 18,984.06 8,431.30
2013-03-31 78,157.42 19,350.16 7,108.64
2012-12-31 75,023.21 18,316.95 7,222.92
2012-09-30 72,500.26 17,267.38 6,950.59
2012-06-30 69,977.31 16,217.82 6,678.26

*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.
  • Unipro has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Unipro used its assets more efficiently than the RU Renewable Energy industry average last year based on Return on Assets.
  • Unipro has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Unipro'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 Renewable Energy 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.
Unipro has a total score of 3/6, 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.

UPRO Health

 How is Unipro'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 Unipro's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Unipro is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Unipro's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Unipro'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 31x 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 Unipro Company Filings, last reported 1 month ago.

MISX:UPRO Past Debt and Equity Data
Date (Data in RUB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 122,266.07 700.53 11,271.54
2018-12-31 116,234.34 753.08 4,788.08
2018-09-30 117,677.48 779.44 7,804.00
2018-06-30 114,705.70 824.20 8,768.90
2018-03-31 118,548.19 0.00 11,970.51
2017-12-31 113,547.48 0.00 3,058.33
2017-09-30 116,033.39 0.00 10,131.53
2017-06-30 111,596.58 0.00 13,461.98
2017-03-31 98,752.39 0.00 5,020.03
2016-12-31 94,512.31 2,307.76 1,724.89
2016-09-30 98,314.74 0.00 5,101.79
2016-06-30 96,251.88 0.00 16,303.03
2016-03-31 107,532.07 0.00 14,808.46
2015-12-31 110,107.64 0.00 9,363.08
2015-09-30 103,878.63 0.00 5,177.30
2015-06-30 101,943.37 0.00 15,849.05
2015-03-31 117,571.93 0.00 16,889.78
2014-12-31 113,994.18 0.00 13,399.71
2014-09-30 107,966.27 0.00 10,484.70
2014-06-30 103,803.91 0.00 32,051.16
2014-03-31 123,224.54 0.00 32,080.99
2013-12-31 119,346.99 0.00 26,345.30
2013-09-30
2013-06-30 114,149.40 0.00 40,504.11
2013-03-31 122,742.43 0.00 33,067.19
2012-12-31 122,742.43 0.00 33,067.19
2012-09-30 122,742.43 0.00 33,067.19
2012-06-30 113,508.97 0.00 29,535.49
  • Unipro's level of debt (0.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 0.6% today).
  • Debt is well covered by operating cash flow (3641%, greater than 20% of total debt).
  • Unipro earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Unipro'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. Unipro has a total score of 5/6, 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.

UPRO Dividends

 What is Unipro'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
8.84%
Current annual income from Unipro dividends. Estimated to be 13.81% next year.
If you bought RUB2,000 of Unipro shares you are expected to receive RUB177 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?
  • Unipro's pays a higher dividend yield than the bottom 25% of dividend payers in Russian Federation (3.32%).
  • Unipro's dividend is below the markets top 25% of dividend payers in Russian Federation (9.23%).
Upcoming dividend payment

Purchase Unipro before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:UPRO 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 7 Analyst Estimates (S&P Global) See Below
Europe Renewable Energy Industry Average Dividend Yield Market Cap Weighted Average of 26 Stocks 3.4%
Russian Federation Market Average Dividend Yield Market Cap Weighted Average of 73 Stocks 7.2%
Russian Federation Minimum Threshold Dividend Yield 10th Percentile 1.7%
Russian Federation Bottom 25% Dividend Yield 25th Percentile 3.3%
Russian Federation Top 25% Dividend Yield 75th Percentile 9.2%

Industry and Market average data is calculated daily.

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

MISX:UPRO Future Dividends Estimate Data
Date (Data in RUB) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.41 3.00
2022-12-31 0.35 4.00
2021-12-31 0.35 5.00
2020-12-31 0.36 7.00
2019-12-31 0.28 5.00
MISX:UPRO Past Annualized Dividends Data
Date (Data in RUB) Dividend per share (annual) Avg. Yield (%)
2018-12-10 0.222 8.389
2018-05-11 0.239 8.711
2016-12-09 0.232 8.883
2016-04-22 0.197 7.149
2015-06-26 0.278 9.887
2014-06-27 0.300 11.490
2013-06-28 0.289 11.710
2013-04-02 0.058 2.329
2012-04-05 0.058 2.232
2012-04-03 0.058 2.038
2010-05-19 0.000 0.000

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

  • Unipro has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Unipro only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Unipro's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Unipro's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - 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 Unipro afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Unipro has a total score of 2/6, see the detailed checks below.


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

UPRO Management

 What is the CEO of Unipro'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.
CEO
Maxim Shirokov
AGE 52
TENURE AS CEO 6.8 years
CEO Bio

Mr. Maxim Gennadyevich Shirokov has been the Chief Executive Officer, Director General and Member of Management Board at Public Joint-Stock Company Unipro (also known as, Open Joint-Stock Company E.ON Russia) since July 17, 2012 and serves as its Chairman of Management Board. Mr. Shirokov serves as the Chief Executive Officer at Unipro PJSC and has been its Director since June 23, 2017. Mr. Shirokov served as General Director at Ust-Luga Company JSC. From 1988 to 1992, he served as Chief of the Department of Healthcare 3M-Russia from 1992 to 2000. Since 2000, he served as General Director of MA MEDI CJSC. From 2000 to 2001, he served as the Commercial Director of Nosta OJSC (Orsko-Khalilovsky steelworks, town of Novotroitsk, Orenburg region). From 2001 to 2004, he served as General Director and President of Uralkaliy company (Berezniki, Perm region). From August 2004 to 2006, Mr. Shirokov served as General Director of Dneprospetsstal company (Zaporozhie, Ukraine). Since 2006, he served as the General Director of Rusagro-Maslo company (Moscow). Mr. Shirokov served as the General Director of Vostok-Service Spetsodezhda company Since August 2007. Mr. Shirokov has been Deputy Chairman of Open Joint-Stock Company Unipro since March 2013 and has been its Director since February 2013. From 2001 to 2004, he served as a Member of the Board of Directors of Uralkaliy company (Berezniki, Perm region) and MA MEDI CJSC. since 2000. After reorganization in the structure of Rusagro complex in December 2006, Mr. Shirokov became a part-time director of Rusagro-Upravlenie LLC. He resigned from the civil service in 1992. He has international management experience including leading the development of large international projects in Russia. In 1988, Mr. Shirokov graduated from Moscow Military institute under the Ministry of Defense in the specialty of Oriental studies. In 1996, he received an MBA degree of the Pacific Coast University (USA) (the University of the Pacific Coast of the USA) in the specialty of Economy and marketing and in 2003, Mr. Shirokov received a degree in the field of strategic planning of London business-school (London, Great Britain).

CEO Compensation
  • Insufficient data for Maxim to compare compensation growth.
  • Insufficient data for Maxim to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the Unipro management team in years:

6.6
Average Tenure
52
Average Age
  • The average tenure for the Unipro management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Maxim Shirokov

TITLE
Chairman of Management Board
AGE
52
TENURE
6.8 yrs

Ulf Backmeyer

TITLE
CFO, Deputy General Director for Economics & Finance and Membe of the Management Board
AGE
48

Igor Popov

TITLE
Deputy General Director of Production and Member of Management Board
AGE
53
TENURE
6.8 yrs

Elena Dubtsova

TITLE
Chief Accountant
AGE
45
TENURE
3.3 yrs

Galina Shcheglova

TITLE
Head of IR Dept
AGE
59

Dmitry Ermilichev

TITLE
Director of Public Relations & Government Relations
AGE
52
TENURE
6.6 yrs

Natalya Mashistova

TITLE
Human Resource Director
AGE
49
TENURE
5.6 yrs

Vasilieva Alexandrovna

TITLE
Deputy Head of the Personnel Management Department - Corporate Center of RAO UES

Dmitry Fedorchuk

TITLE
Head of the Corporate Management Department of Business Unit 2 of Rao Ues
AGE
38

Dmitry Burnashev

TITLE
Head of the Business Planning Department of the Corporate Center of RAO UES
AGE
54
Board of Directors Tenure

Average tenure and age of the Unipro board of directors in years:

2.9
Average Tenure
57
Average Age
  • The average tenure for the Unipro board of directors is less than 3 years, this suggests a new board.
Board of Directors

Klaus Schäfer

TITLE
Chairman
AGE
51
TENURE
2.8 yrs

Maxim Shirokov

TITLE
Chairman of Management Board
AGE
52
TENURE
6.2 yrs

Anna Belova

TITLE
Independent Director
AGE
57
TENURE
2.9 yrs

Reiner Hartmann

TITLE
Director
AGE
73
TENURE
10.9 yrs

Uwe Fip

TITLE
Director
AGE
58

Aleksey Germanovich

TITLE
Independent Director
AGE
41
TENURE
4.9 yrs

Patrick Wolff

TITLE
Director
AGE
47
TENURE
2.9 yrs

Gunter Rümmler

TITLE
Director
AGE
58
TENURE
1.9 yrs

Oleg Vyugin

TITLE
Independent Director
AGE
66
TENURE
1.4 yrs
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 Unipro'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. Unipro 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.

UPRO News

Simply Wall St News

How Do Analysts See Public Joint-Stock Company Unipro (MCX:UPRO) Performing In The Next 12 Months?

Help shape the future of investing tools and you could win a $250 gift card! … Since Public Joint-Stock Company Unipro (MCX:UPRO) released its earnings in December 2018, … the higher past 5-year average growth rate of 13%.

Simply Wall St -

What Do Analysts Think About Public Joint-Stock Company Unipro's (MCX:UPRO) Future?

In December 2018, Public Joint-Stock Company Unipro (MCX:UPRO) released its latest earnings announcement, whicha

Simply Wall St -

What Does Public Joint-Stock Company Unipro’s (MCX:UPRO) 17% ROCE Say About The Business?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Is Public Joint-Stock Company Unipro's (MCX:UPRO) Future Growth Already Accounted For In Today's Price?

Public Joint-Stock Company Unipro (MCX:UPRO) closed yesterday at RUB2.678, which left some investors asking whether the high earnings potential can still be justified at this price. … View our latest analysis for Unipro? … Investors in Unipro have been patiently waiting for the uptick in earnings.

Simply Wall St -

What Should Investors Know About Public Joint-Stock Company Unipro's (MCX:UPRO) Growth?

Since Public Joint-Stock Company Unipro (MCX:UPRO) released its earnings in September 2018,. … with earnings expected to grow by 13% in the upcoming year … the higher past 5-year average growth rate of 14%

Simply Wall St -

A Look At Public Joint-Stock Company Unipro's (MCX:UPRO) Exceptional Fundamentals

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … financial health as well as

Simply Wall St -

Public Joint-Stock Company Unipro (MCX:UPRO): Is Growth Priced In?

Public Joint-Stock Company Unipro (MCX:UPRO) is considered a high growth stock. … However its last closing price of RUB2.753 left investors wondering whether this growth has already been factored into the share price. … One reason why investors are attracted to UPRO is the high growth potential in the near future

Simply Wall St -

Public Joint-Stock Company Unipro (MCX:UPRO): A Look At Return On Capital

and looking to gauge the potential return on investment in Public Joint-Stock Company Unipro (MCX:UPRO). … This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … Thus, to understand how your money can grow by investing in Unipro, 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)

Simply Wall St -

Is There An Opportunity With Public Joint-Stock Company Unipro's (MCX:UPRO) 26.26% Undervaluation?

by taking the expected future cash flows and discounting them to today's value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

With A Return On Equity Of 15%, Has Public Joint-Stock Company Unipro's (MCX:UPRO) Management Done Well?

This article is for those who would like to learn about Return On Equity (ROE). … One way to conceptualize this, is that for each RUB1 of shareholders' equity it has, the company made RUB0.15 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

UPRO Company Info

Description

Public Joint-Stock Company Unipro engages in the generation and sale of electricity and heat in Russia. It operates five power plants with a total capacity of 11,229 megawatts. The company sells its electricity through wholesale electricity and capacity markets to retail companies. It is also involved in the engineering activities; and management of fund. The company was formerly known as Open Joint-Stock Company E.ON Russia and changed its name to Public Joint-Stock Company Unipro in June 2016. The company was founded in 2005 and is headquartered in Moscow, Russia. Public Joint-Stock Company Unipro is a subsidiary of Uniper SE.

Details
Name: Public Joint-Stock Company Unipro
UPRO
Exchange: MISX
Founded: 2005
RUB158,441,398,542
63,048,706,145
Website: http://www.unipro.energy
Address: Public Joint-Stock Company Unipro
10, Building B,
23th Floor,
Moscow,
123112,
Russia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
MISX UPRO Ordinary Shares Micex - Rts RU RUB 30. Aug 2006
Number of employees
Current staff
Staff numbers
0
Unipro employees.
Industry
Independent Power Producers and Energy Traders
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 21:02
End of day share price update: 2019/05/20 00:00
Last estimates confirmation: 2019/05/07
Last earnings filing: 2019/05/07
Last earnings reported: 2019/03/31
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.