Financials FAR-EASTERN ENERGY COMPANY

Equities

DVEC

RU000A0JP2W1

Electric Utilities

End-of-day quote Moscow Micex - RTS 06:00:00 2022-07-07 pm EDT 5-day change 1st Jan Change
0.86 RUB -1.94% Intraday chart for FAR-EASTERN ENERGY COMPANY -.--% -.--%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 12,423 23,023 16,157 8,823 21,336 14,798
Enterprise Value (EV) 1 77,250 94,980 109,022 19,102 28,826 26,502
P/E ratio -2.08 x -3.56 x -1.76 x 10.8 x 12.9 x 5.45 x
Yield - - - - - -
Capitalization / Revenue 0.1 x 0.18 x 0.12 x 0.08 x 0.18 x 0.12 x
EV / Revenue 0.63 x 0.76 x 0.81 x 0.18 x 0.24 x 0.21 x
EV / EBITDA 7.66 x 10.6 x 22.2 x 0.56 x 3.83 x 3.43 x
EV / FCF -17 x -28.7 x -13.9 x 0.64 x 7.05 x -3.46 x
FCF Yield -5.88% -3.49% -7.2% 156% 14.2% -28.9%
Price to Book -1.14 x -1.35 x -0.61 x 0.78 x 1.06 x 0.63 x
Nbr of stocks (in thousands) 17,206,711 17,206,711 17,206,711 10,655,217 17,206,711 17,206,711
Reference price 2 0.7220 1.338 0.9390 0.8280 1.240 0.8600
Announcement Date 4/10/18 4/11/19 4/12/20 4/8/21 4/6/22 4/5/23
1RUB in Million2RUB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 123,406 124,929 135,350 107,723 118,753 126,069
EBITDA 1 10,091 8,982 4,913 34,296 7,535 7,736
EBIT 1 5,449 3,479 554 31,887 4,927 5,295
Operating Margin 4.42% 2.78% 0.41% 29.6% 4.15% 4.2%
Earnings before Tax (EBT) 1 -5,865 -5,493 -7,616 30,803 2,065 3,704
Net income 1 -5,961 -6,476 -9,202 1,094 1,653 2,713
Net margin -4.83% -5.18% -6.8% 1.02% 1.39% 2.15%
EPS 2 -0.3464 -0.3764 -0.5348 0.0765 0.0961 0.1577
Free Cash Flow 1 -4,544 -3,312 -7,855 29,731 4,090 -7,668
FCF margin -3.68% -2.65% -5.8% 27.6% 3.44% -6.08%
FCF Conversion (EBITDA) - - - 86.69% 54.27% -
FCF Conversion (Net income) - - - 2,717.62% 247.4% -
Dividend per Share - - - - - -
Announcement Date 4/10/18 4/11/19 4/12/20 4/8/21 4/6/22 4/5/23
1RUB in Million2RUB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 64,827 71,957 92,865 10,279 7,490 11,704
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 6.424 x 8.011 x 18.9 x 0.2997 x 0.994 x 1.513 x
Free Cash Flow 1 -4,544 -3,312 -7,855 29,731 4,090 -7,669
ROE (net income / shareholders' equity) 51.7% 46.4% 42.1% -697% 8.62% 12.5%
ROA (Net income/ Total Assets) 3.9% 2.22% 0.33% 24.5% 5.26% 5.33%
Assets 1 -152,901 -291,331 -2,773,357 4,466 31,418 50,923
Book Value Per Share 2 -0.6300 -0.9900 -1.550 1.060 1.170 1.360
Cash Flow per Share 2 0.2200 0.4500 0.3300 0.3700 0.4100 0.1800
Capex 1 8,463 7,930 10,150 2,777 5,896 11,129
Capex / Sales 6.86% 6.35% 7.5% 2.58% 4.96% 8.83%
Announcement Date 4/10/18 4/11/19 4/12/20 4/8/21 4/6/22 4/5/23
1RUB in Million2RUB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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