TNS energo Voronezh Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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 VRSB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: VRSB (RUB166) is trading above our estimate of fair value (RUB76.72)

Significantly Below Fair Value: VRSB is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for VRSB. This is calculated by dividing VRSB's market cap by their current earnings.
What is VRSB's PE Ratio?
PE Ratio	23.2x
Earnings	₽401.66m
Market Cap	₽9.32b

VRSB 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	0.3x
Enterprise Value/EBITDA	28.6x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for VRSB 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	13x
MRKC Rosseti Centre	2.3x	n/a	₽10.4b
KCHE Kamchatskenergo	2.5x	n/a	₽7.9b
NNSB TNS energo Nizhny Novgorod	44.9x	n/a	₽7.1b
MRKU Interregional Distribution Grid Company of Urals	2.5x	n/a	₽13.3b
VRSB TNS energo Voronezh	23.2x	n/a	₽9.3b

Price-To-Earnings vs Peers: VRSB is expensive based on its Price-To-Earnings Ratio (23.2x) compared to the peer average (13x).

Price to Earnings Ratio vs Industry

How does VRSB'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: VRSB is expensive based on its Price-To-Earnings Ratio (23.2x) compared to the Russian Electric Utilities industry average (4.8x).

Price to Earnings Ratio vs Fair Ratio

What is VRSB'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.

VRSB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	23.2x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate VRSB'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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