MISX:VRSB

Stock Analysis Report

TNS energo Voronezh

Executive Summary

Public Joint-stock Company TNS energo Voronezh purchases and sells electricity to legal entities and individuals in Russia.

Snowflake

Fundamentals

Mediocre balance sheet with poor track record.

Risks

  • TNS energo Voronezh is not covered by any analysts.

Share Price & News

How has TNS energo Voronezh's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-6.5%

MISX:VRSB

-1.9%

RU Electric Utilities

-0.8%

RU Market


1 Year Return

131.3%

MISX:VRSB

6.5%

RU Electric Utilities

15.0%

RU Market

VRSB outperformed the Electric Utilities industry which returned 6.7% over the past year.

VRSB outperformed the Market in Russian Federation which returned 15% over the past year.


Share holder returns

VRSBIndustryMarket
7 Day-6.5%-1.9%-0.8%
30 Day2.2%-6.3%-0.4%
90 Day9.6%-4.3%1.9%
1 Year131.3%131.3%12.5%6.5%23.0%15.0%
3 Year113.5%90.8%28.6%12.1%58.7%34.5%
5 Year202.7%141.1%117.7%75.4%146.2%92.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

53.48x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

TNS energo Voronezh's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

TNS energo Voronezh's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

TNS energo Voronezh is overvalued based on earnings compared to the RU Electric Utilities industry average.

TNS energo Voronezh is overvalued based on earnings compared to the Russian Federation market.


Price Based on Expected Growth

Unable to calculate PEG ratio for TNS energo Voronezh, we can't assess if its growth is good value.


Price Based on Value of Assets

TNS energo Voronezh is overvalued based on assets compared to the RU Electric Utilities industry average.


Next Steps

Future Growth

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

-5.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if TNS energo Voronezh is high growth as no revenue estimate data is available.

TNS energo Voronezh's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Unable to compare TNS energo Voronezh's revenue growth to the Russian Federation market average as no estimate data is available.

TNS energo Voronezh's earnings are expected to decrease over the next 1-3 years, this is below the Russian Federation market average.

TNS energo Voronezh's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 8.4%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if TNS energo Voronezh will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has TNS energo Voronezh performed over the past 5 years?

8.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

TNS energo Voronezh's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.

TNS energo Voronezh's 1-year earnings growth is negative, it can't be compared to the 5-year average.

TNS energo Voronezh's 1-year earnings growth is negative, it can't be compared to the RU Electric Utilities industry average.


Return on Equity

TNS energo Voronezh has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

TNS energo Voronezh used its assets less efficiently than the RU Electric Utilities industry average last year based on Return on Assets.


Return on Capital Employed

TNS energo Voronezh's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

  • Explore strong past performing companies in the Utilities industry.

Financial Health

How is TNS energo Voronezh's financial position?


Financial Position Analysis

TNS energo Voronezh is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

TNS energo Voronezh's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

TNS energo Voronezh's level of debt (287.5%) 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 (454.3% vs 287.5% today).

Debt is not well covered by operating cash flow (9.7%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 0.9x annual interest expense, ideally 3x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 3.5x debt.


Next Steps

Dividend

What is TNS energo Voronezh's current dividend yield, its reliability and sustainability?

2.98%

Current Dividend Yield


Dividend Yield and Payments Analysis

TNS energo Voronezh's pays a lower dividend yield than the bottom 25% of dividend payers in Russian Federation (3.09%).

TNS energo Voronezh's dividend is below the markets top 25% of dividend payers in Russian Federation (8.5%).

TNS energo Voronezh has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

TNS energo Voronezh has only been paying a dividend for 8 years, and since then dividends per share have fallen.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (0.6x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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


CEO

Yevgeniy Severgin 0

0.0yrs

Tenure

0

Mr. Yevgeniy Mikhailovich Severgin serves as General Director and Director at Joint-stock company Voronezh energy selling company. 


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Yevgeniy Severgin

    General Director & Director

    • Tenure: 0.0yrs
  • Valeriy Akimov

    Deputy General Director of Sales

    • Tenure: 0.0yrs
  • Julia Talanina

    Deputy General Director of Economics and Finance

    • Tenure: 0.0yrs
  • Mikhail Zhidkikh

    Head of Construction

    • Tenure: 0.0yrs
  • Pavel Shaimardanov

    Head of Corporate Governance

    • Tenure: 0.0yrs
  • Denis Tchoulkov

    Head of Human Resources

    • Tenure: 0.0yrs

Board Members

  • Yevgeniy Severgin

    General Director & Director

    • Tenure: 0.0yrs
  • Svetlana Avilova (56yo)

    Director

    • Tenure: 0.0yrs
  • Elena Evseenkova (39yo)

    Director

    • Tenure: 0.0yrs
  • Sofiya Afanasyeva (41yo)

    Director

    • Tenure: 0.0yrs
  • Efimova Nikolaevna

    Director

    • Tenure: 0.0yrs
  • Olga Rychkova (36yo)

    Member of Audit Committee

    • Tenure: 0.0yrs
  • Veronika Chernysheva

    Member of Audit Committee

    • Tenure: 0.0yrs
  • Oleg Dotsenko (45yo)

    Director

    • Tenure: 0.3yrs

Company Information

Public Joint-stock Company "TNS energo Voronezh"'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Public Joint-stock Company "TNS energo Voronezh"
  • Ticker: VRSB
  • Exchange: MISX
  • Founded: 1935
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: RUруб2.572b
  • Shares outstanding: 56.15m
  • Website: https://www.vesc.ru

Location

  • Public Joint-stock Company "TNS energo Voronezh"
  • Merkulova, 7a
  • Voronezh
  • Voronezhskaya obl.
  • 394029
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VRSBMISX (Micex - Rts)YesCommon SharesRURUBJun 2006

Biography

Public Joint-stock Company TNS energo Voronezh purchases and sells electricity to legal entities and individuals in Russia. As of December 31, 2017, it served 24,741 legal entities and 1,076,310 individual ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/20 21:22
End of Day Share Price2019/08/20 00:00
Earnings2019/03/31
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.