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Россети Волга logo
Россети Волга MRKV
report update icon

Quarterly report 2026-Q2
added 09-06-2026

Россети Волга Financial Ratios 2025-2011 | MRKV

Brief overview of Россети Волга's market valuation

The review covers five available annual periods spanning 2019 to 2025.

The latest available valuation ratios are P/E 3x (median 3.48x), EV/EBITDA 1x (median 1.39x), P/S 0.22x (median 0.14x). Valuation is 53.5% above five-year reference levels. The premium requires support from earnings and returns.

At the current P/E, inverse earnings yield is 33.3%, a useful bridge between price and business earnings.

Capital efficiency is characterized by ROE 20.8%, ROA 11.3%, ROCE 24.9%. Business quality is high on return ratios, supporting the ability to create value.

Current liquidity is 0.72x, with a quick ratio of 0.61x. Near-term coverage looks tight.

Debt ratios provide a solid cushion: debt/equity 0.16x, interest coverage 23.91x.

The cash conversion cycle shortened from 5.2 days to -34.3 days, or 39.5 days. Working capital returns faster.

What the ratios show

Россети Волга's business looks strong while multiples exceed historical reference points. Investors are pricing in continued momentum.

Annual Financial Ratios Россети Волга

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Price Earnings Ratio, P/E

3 3 3.48 -10.44 9.46 -108.92 4.27 3.21 3.33 3.58 2.74 6.17 2.8 5.69 8.1

Price Sales Ratio, P/S

0.22 0.15 0.13 0.07 0.14 0.21 0.27 0.29 0.31 0.19 0.07 0.11 0.08 0.29 0.3

Price To Book Ratio, P/B

0.54 0.27 0.25 0.13 0.23 0.33 0.43 0.47 0.52 0.32 0.12 0.18 0.16 0.53 0.62

Price Earnings To Growth Ratio, PEG

82 - -0.0 0.07 -0.01 1.06 -0.14 -1.98 0.03 0.03 0.05 -0.14 -0.07 0.15 -

Operating Cash Flow Per Share

0.1 0.07 0.07 0.04 0.04 0.03 0.05 0.04 0.06 0.03 0.03 0.03 0.03 0.03 0.03

Free Cash Flow Per Share

0.02 0.01 0.03 -0.01 0.0 -0.01 0.0 0.01 0.04 0.01 0.02 0.0 -0.02 -0.02 -0.01

Cash Per Share

0.03 0.03 0.02 0.0 0.0 0.0 0.01 0.01 0.02 0.01 0.01 0.01 0.01 0.01 0.01

Payout Ratio

0.35 0.38 0.0 -0.11 0.0 -10.34 0.63 0.49 0.23 0.08 0.01 0.02 0.2 0.08 -

Dividend Yield

0.14 0.12 0.0 0.01 0.0 0.09 0.15 0.15 0.07 0.02 0.01 0.0 0.07 0.01 -

Current Ratio

- - 0.72 0.53 0.81 0.95 1.05 1.68 1.86 1.79 1.07 1.12 1.39 1.39 1.16

Quick Ratio

- - 0.61 0.45 0.64 0.71 0.83 1.44 1.64 1.57 0.94 0.97 1.18 1.18 1.02

Cash Ratio

- - 0.2 0.02 0.08 0.06 0.11 0.29 0.55 0.35 0.21 0.15 0.19 0.41 0.29

Days Of Sales Outstanding, DSO

- - 24.17 38.95 31.05 31.52 34.49 41.36 - 51.78 51.04 48.8 30.12 - 35.92

Days Of Inventory Outstanding, DIO

- - 13.12 12.88 16.54 20.53 18.36 10.97 11.69 11.78 16.67 16.75 14.07 14.32 11.36

Days Of Payables Outstanding, DPO

- - 71.62 55.92 63.73 49.41 47.67 26.38 28.59 24.87 18.09 2.35 40.95 36.3 38.77

Operating Cycle

- - 37.29 51.84 47.6 52.05 52.86 52.33 11.69 63.56 67.71 65.56 44.19 14.32 47.28

Cash Conversion Cycle

- - -34.33 -4.09 -16.14 2.64 5.18 25.95 -16.9 38.7 49.62 63.2 3.25 -21.97 8.52

Gross Profit Margin

- - 0.42 0.38 0.37 0.37 0.4 0.14 0.17 0.16 0.43 0.42 0.38 0.4 0.35

Operating Profit Margin

0.12 0.08 0.06 0.01 0.03 0.01 0.08 0.1 0.11 0.09 0.06 0.05 0.05 0.08 0.05

Pretax Profit Margin

0.09 0.04 0.05 -0.01 0.02 -0.0 0.08 0.11 0.12 0.08 0.04 0.02 0.03 0.07 0.04

Net Profit Margin

0.09 0.04 0.04 -0.01 0.02 -0.0 0.06 0.09 0.09 0.05 0.03 0.02 0.03 0.05 0.04

Effective Tax Rate

- - 0.23 0.05 0.27 -5.81 0.21 0.22 0.22 0.33 0.25 0.29 0.15 0.26 0.18

Return On Assets, ROA

0.11 0.04 0.04 -0.01 0.02 -0.0 0.07 0.11 0.11 0.05 0.02 0.02 0.03 0.05 0.04

Return On Equity, ROE

0.21 0.08 0.07 -0.01 0.02 -0.0 0.1 0.15 0.16 0.09 0.04 0.03 0.06 0.09 0.08

Return On Capital Employed, ROCE

0.25 0.13 0.08 0.02 0.03 0.01 0.1 0.13 0.15 0.11 0.07 0.05 0.05 0.09 0.07

Net Income Per Ebt

1.0 1.0 0.77 0.95 0.73 6.81 0.79 0.78 0.78 0.67 0.75 0.71 0.85 0.74 0.82

Ebt Per Ebit

0.73 0.52 0.85 -0.58 0.79 -0.03 0.97 1.2 1.07 0.86 0.58 0.54 0.7 0.91 0.9

Ebit Per Revenue

0.12 0.08 0.06 0.01 0.03 0.01 0.08 0.1 0.11 0.09 0.06 0.05 0.05 0.08 0.05

Debt Ratio

0.47 0.45 0.11 0.15 0.14 0.14 0.1 0.06 0.08 0.16 0.22 0.27 0.28 0.24 0.17

Debt Equity Ratio

0.16 0.2 0.18 0.26 0.22 0.22 0.16 0.09 0.12 0.27 0.4 0.52 0.53 0.42 0.3

Long Term Debt To Capitalization

0.14 0.17 0.12 0.04 0.14 0.15 0.09 0.08 0.11 0.21 0.21 0.31 0.35 0.29 0.23

Total Debt To Capitalization

0.14 0.17 0.16 0.21 0.18 0.18 0.14 0.08 0.11 0.21 0.29 0.34 0.35 0.3 0.23

Interest Coverage

23.91 5.9 4.81 0.67 2.88 0.94 12.71 25.07 11.18 4.63 2.37 2.3 3.54 9.36 9.13

Cash Flow To Debt Ratio

2.28 1.47 1.77 0.68 0.89 0.69 1.47 2.46 2.36 0.68 0.52 0.39 0.34 0.51 0.86

Company Equity Multiplier

1.88 1.82 1.7 1.73 1.63 1.6 1.51 1.38 1.47 1.63 1.81 1.93 1.92 1.75 1.73

Receivables Turnover

- - 15.1 9.37 11.75 11.58 10.58 8.82 - 7.05 7.15 7.48 12.12 - 10.16

Payables Turnover

- - 5.1 6.53 5.73 7.39 7.66 13.84 12.77 14.68 20.18 155.04 8.91 10.06 9.42

Inventory Turn Over

- - 27.83 28.34 22.06 17.78 19.88 33.28 31.22 30.98 21.89 21.79 25.94 25.48 32.13

Fixed Asset Turnover

- - 1.28 1.19 1.2 1.2 1.32 1.55 1.54 1.38 1.2 1.09 1.18 1.24 1.54

Asset Turnover

1.29 1.03 1.07 0.99 1.0 0.98 1.07 1.19 1.13 1.04 0.94 0.88 0.98 1.02 1.2

Operating Cash Flow Sales Ratio

0.15 0.16 0.18 0.1 0.12 0.1 0.14 0.13 0.17 0.11 0.12 0.12 0.1 0.12 0.13

Free Cash Flow Operating Cash Flow Ratio

0.13 0.12 0.37 -0.21 0.09 -0.32 0.1 0.21 0.62 0.47 0.53 0.03 -0.82 -0.64 -0.19

Cash Flow Coverage Ratios

2.28 1.47 1.77 0.68 0.89 0.69 1.47 2.46 2.36 0.68 0.52 0.39 0.34 0.51 0.86

Short Term Coverage Ratios

- - 439.91 1.1 212.64 204.75 787.5 671.5 1762.13 408.78 1.62 2.83 254.67 389.2 865.45

Capital Expenditure Coverage Ratio

1.15 1.14 1.59 0.82 1.09 0.76 1.11 1.26 2.67 1.87 2.14 1.03 0.55 0.61 0.84

Dividend Paid And Capex Coverage Ratio

0.93 1.02 1.59 0.82 1.09 0.66 0.85 0.89 2.0 1.74 2.13 1.03 0.53 0.6 0.84

Dividend Payout Ratio

0.35 0.38 0.0 -0.11 0.0 -10.34 0.63 0.49 0.23 0.08 0.01 0.02 0.2 0.08 -

Price To Free Cash Flows Ratio, P/FCF

11.6 7.56 2.05 -3.33 13.79 -6.84 18.14 10.77 2.89 3.8 1.11 28.57 -1.04 -3.86 -12.47

Price To Operating Cash Flows Ratio, P/OCF

1.52 0.93 0.76 0.71 1.19 2.16 1.87 2.21 1.81 1.77 0.59 0.92 0.85 2.46 2.36

Price Cash Flow Ratio, P/CF

1.52 0.93 0.76 0.71 1.19 2.16 1.87 2.21 1.81 1.77 0.59 0.92 0.85 2.46 2.36

Enterprise Value Multiple, EV

1 1 1.39 2.14 2.3 3.62 2.17 1.64 1.57 1.64 1.66 2.5 2.61 3.08 3.39

Price Fair Value, P/FV

0.54 0.27 0.25 0.13 0.23 0.33 0.43 0.47 0.52 0.32 0.12 0.18 0.16 0.53 0.62

All numbers in RUB currency

Quarterly Financial Ratios Россети Волга

2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4

Price Earnings Ratio, P/E

1.95 1.86 7.24 6.79 2 1.4 7.08 -1.08 -7.2 2.64 11.3 -7.09 11.9 8.42 -14.4 -3.26 3.76 2.74 5.69 15.4 3.61 3.54 2.78 6.27 2.95 2.05 4.25 3.31 2.33 1.99 -6.58 1.57 0.575 -2.36 17.6 16.3 0.879 4.54 4.46 1.73 2.39 17.9 22.3 -

Price Sales Ratio, P/S

0.597 0.5 0.694 0.447 0.336 0.256 0.278 0.385 0.347 0.525 0.683 0.759 0.744 0.779 0.906 1.06 0.764 1.01 1.15 1.22 1.15 1.08 1.2 1.48 1.34 1.12 1.4 0.952 0.73 0.678 0.44 0.338 0.251 0.304 0.393 0.365 0.389 0.291 0.286 0.308 0.426 0.863 1.08 -

Price To Book Ratio, P/B

0.282 0.246 0.31 0.2 0.169 0.126 0.117 0.149 0.147 0.234 0.277 0.291 0.318 0.331 0.339 0.372 0.311 0.43 0.454 0.474 0.48 0.473 0.495 0.602 0.59 0.523 0.61 0.386 0.334 0.323 0.182 0.163 0.123 0.082 0.165 0.153 0.184 0.125 0.123 0.155 0.214 0.391 0.487 -

Price Earnings To Growth Ratio, PEG

0.144 0.008 0.165 -0.105 -0.47 0.003 -0.063 -0.002 0.058 0.01 -0.07 0.028 -0.397 -0.032 0.182 0.014 -0.082 0.028 0.033 -0.196 1.24 -0.164 0.03 -0.116 -0.148 0.024 0.147 -0.176 -0.272 0.08 0.052 -0.03 -0.001 0.004 - -0.172 -0.003 - -0.064 - 0.008 - - -

Operating Cash Flow Per Share

0.013 0.023 0.02 0.009 0.021 0.013 0.014 0.003 0.007 0.009 0.012 0.008 0.013 0.013 0.006 0.004 0.008 0.015 0.014 0.007 0.011 0.012 0.014 0.011 0.007 0.017 0.016 0.009 0.015 0.012 -0.002 0.007 - - 0.006 0.006 - 0.007 0.007 0.008 0.008 0.006 0.006 -

Free Cash Flow Per Share

-0.008 0.005 0.013 0.003 0.006 -0.0 0.008 -0.003 -0.013 -0.007 0.006 0.003 0.001 -0.002 -0.003 -0.001 -0.004 -0.006 0.004 0.002 0.005 -0.005 0.004 0.008 0.001 0.01 0.008 0.006 0.012 0.007 -0.004 0.005 - - 0.002 0.002 - -0.0 -0.0 -0.008 -0.008 -0.002 -0.002 -

Cash Per Share

0.017 0.015 0.008 0.007 0.007 0.002 0.007 0.003 0.007 0.004 0.004 0.005 0.004 0.003 0.004 0.004 0.007 0.005 0.007 0.005 0.015 0.01 0.015 0.011 0.017 0.021 0.016 0.019 0.016 0.015 0.004 0.011 0.014 0.01 0.007 0.007 0.01 0.005 0.005 0.009 0.006 0.002 0.002 -

Payout Ratio

- 0.0 0.0 0.0 0.0 0.008 0.383 -0.0 -0.0 0.0 0.0 -0.0 0.001 0.001 -0.049 -0.17 1.23 0.0 0.179 8.07 - 0.001 0.089 3.05 0.0 0.002 1.09 - - 0.0 -0.0 0.0 - - 0.0 0.0 - - - 0.244 0.244 - - -

Dividend Yield

- 0.0 0.0 0.0 0.0 0.001 0.014 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.001 0.013 0.082 0.0 0.008 0.131 - 0.0 0.008 0.122 0.0 0.0 0.064 - - 0.0 0.0 0.0 - - 0.0 0.0 - - - 0.035 0.026 - - -

Current Ratio

1.08 0.723 0.745 0.747 0.602 0.53 0.566 0.757 0.838 0.815 0.953 1.02 1.04 0.946 1.18 1.22 1.53 1.05 1.55 1.61 1.96 1.68 1.6 1.66 2.12 1.86 1.72 1.59 1.84 1.79 1.24 - 1.07 0.96 1.21 1.21 1.12 1.58 1.58 1.39 1.39 1.07 1.07 1.39

Quick Ratio

0.887 0.611 0.618 0.617 0.491 0.449 0.451 0.58 0.662 0.638 0.713 0.748 0.756 0.706 0.923 0.927 1.16 0.831 1.24 1.26 1.59 1.44 1.32 1.31 1.75 1.64 1.47 1.34 1.54 1.57 1.02 - 0.941 0.822 0.982 0.982 0.967 1.23 1.23 1.18 1.18 0.802 0.802 1.18

Cash Ratio

0.288 0.197 0.125 0.096 0.073 0.021 0.084 0.06 0.116 0.077 0.095 0.105 0.079 0.063 0.093 0.103 0.193 0.111 0.216 0.136 0.435 0.292 0.425 0.347 0.528 0.549 0.44 0.445 0.453 0.353 0.094 - 0.205 0.166 0.175 0.175 0.153 0.174 0.174 0.188 0.188 0.073 0.073 0.405

Days Of Sales Outstanding, DSO

22.9 23.2 26.3 32.7 31.2 33.4 30.6 32.8 30 28 27.5 28.9 28.9 28.7 37.9 40.9 34.4 32.4 38.1 - 35.4 - 32.4 33.5 - - - 42.7 42.9 44.3 - - 43.7 48.6 - 46.6 43.4 - 39.1 27.7 27.7 - 29.8 -

Days Of Inventory Outstanding, DIO

16.5 11.9 13.2 16.3 15.7 11.6 16.7 18.3 16.7 10.4 12 14.3 14.1 18.6 19.7 24 24.2 16.9 19.7 23.3 22.1 14.8 18.4 21.7 21.7 14.5 18.2 24 24.3 15.8 24.7 - 22.6 7.03 22 22 20 21.5 21.5 13.9 13.9 19.4 19.4 -

Days Of Payables Outstanding, DPO

32.9 65 37.4 38.8 37.6 50.4 36.6 32.2 33.3 40.1 25.1 23.7 22.5 44.7 40.1 34 30.5 44 30.2 26.5 25.6 35.7 35.2 27.1 30.6 35.5 51.3 35.7 60 33.3 62.4 - - 12.7 51 51 16.8 45.6 45.6 40.4 40.4 60.5 60.5 -

Operating Cycle

39.4 35.1 39.5 49 46.9 45 47.2 51.1 46.7 38.4 39.5 43.3 43 47.2 57.6 64.9 58.5 49.4 57.8 23.3 57.4 14.8 50.8 55.3 21.7 14.5 18.2 66.7 67.2 60.1 24.7 - 66.3 55.6 22 68.6 63.4 21.5 60.6 41.6 41.6 19.4 49.1 -

Cash Conversion Cycle

6.53 -29.9 2.09 10.3 9.32 -5.45 10.7 18.9 13.5 -1.63 14.5 19.6 20.5 2.55 17.5 30.8 28 5.39 27.6 -3.21 31.9 -20.9 15.6 28.2 -8.85 -21 -33.1 31 7.15 26.8 -37.7 - 66.3 42.9 -29 17.6 46.5 -24.1 15 1.16 1.16 -41.2 -11.4 -

Gross Profit Margin

0.442 0.411 0.406 0.419 0.422 0.412 0.387 0.354 0.365 0.096 0.056 0.034 0.064 0.362 0.347 0.345 0.405 0.393 0.404 0.405 0.415 0.413 0.429 0.409 0.432 0.419 0.449 0.447 0.49 0.446 0.441 0.481 0.638 -0.586 0.37 0.37 0.567 0.373 0.373 0.419 0.419 0.33 0.33 -

Operating Profit Margin

0.112 0.094 0.041 0.03 0.064 0.067 0.029 -0.074 0.001 0.062 0.024 -0.024 0.019 0.034 -0.01 -0.092 -0.069 0.098 0.081 0.027 0.105 0.084 0.145 0.065 0.155 0.175 0.119 0.081 0.124 0.145 0.017 0.093 0.17 -0.028 0.035 0.035 0.167 0.041 0.041 0.058 0.058 0.037 0.037 -

Pretax Profit Margin

0.099 0.086 0.033 0.021 0.054 0.058 0.013 -0.1 -0.021 0.063 0.021 -0.025 0.017 0.03 -0.017 -0.098 0.066 0.115 0.063 0.025 0.103 0.094 0.144 0.064 0.153 0.172 0.113 0.072 0.116 0.131 -0.006 0.074 0.127 -0.023 0.009 0.009 0.132 0.019 0.019 0.046 0.046 0.022 0.022 -

Net Profit Margin

0.076 0.067 0.024 0.016 0.042 0.046 0.01 -0.089 -0.012 0.05 0.015 -0.027 0.016 0.023 -0.016 -0.081 0.051 0.092 0.05 0.02 0.08 0.076 0.107 0.059 0.114 0.136 0.083 0.072 0.078 0.085 -0.017 0.054 0.109 -0.032 0.006 0.006 0.111 0.016 0.016 0.044 0.044 0.012 0.012 -

Effective Tax Rate

0.224 0.214 0.264 0.219 0.228 0.207 0.266 0.108 0.43 0.211 0.263 -0.057 0.062 0.217 0.073 0.176 0.231 0.198 0.199 0.224 0.221 0.192 0.252 0.069 0.256 0.209 0.269 -0.002 0.324 0.352 -1.87 0.267 0.14 -0.417 0.382 0.382 0.16 0.166 0.166 0.024 0.024 0.444 0.444 -

Return On Assets, ROA

0.022 0.019 0.007 0.004 0.012 0.013 0.002 -0.021 -0.003 0.014 0.004 -0.007 0.004 0.006 -0.004 -0.019 0.014 0.026 0.014 0.005 0.024 0.024 0.032 0.017 0.036 0.044 0.024 0.019 0.023 0.025 -0.004 - 0.03 -0.006 0.001 0.001 0.027 0.004 0.004 0.012 0.012 0.003 0.003 -

Return On Equity, ROE

0.036 0.033 0.011 0.007 0.021 0.023 0.004 -0.034 -0.005 0.022 0.006 -0.01 0.007 0.01 -0.006 -0.029 0.021 0.039 0.02 0.008 0.033 0.033 0.045 0.024 0.05 0.064 0.036 0.029 0.036 0.04 -0.007 0.026 0.054 -0.009 0.002 0.002 0.052 0.007 0.007 0.022 0.022 0.005 0.005 -

Return On Capital Employed, ROCE

0.038 0.034 0.014 0.011 0.026 0.026 0.01 -0.021 0.0 0.02 0.007 -0.007 0.006 0.01 -0.003 -0.024 -0.021 0.032 0.026 0.008 0.035 0.03 0.05 0.021 0.055 0.064 0.04 0.025 0.042 0.049 0.005 - 0.056 -0.006 0.009 0.009 0.048 0.01 0.01 0.017 0.017 0.011 0.011 -

Net Income Per Ebt

0.776 0.786 0.736 0.781 0.772 0.793 0.734 0.892 0.57 0.789 0.737 1.06 0.938 0.783 0.927 0.824 0.769 0.802 0.801 0.776 0.779 0.808 0.748 0.931 0.744 0.791 0.731 1 0.676 0.648 2.87 0.733 0.86 1.42 0.618 0.618 0.84 0.834 0.834 0.976 0.976 0.556 0.556 -

Ebt Per Ebit

0.882 0.909 0.804 0.693 0.848 0.86 0.465 1.35 -20.8 1.01 0.846 1.05 0.887 0.881 1.69 1.07 -0.95 1.18 0.776 0.934 0.973 1.13 0.991 0.984 0.985 0.987 0.947 0.886 0.93 0.906 -0.332 0.791 0.749 0.816 0.262 0.262 0.791 0.474 0.474 0.79 0.79 0.584 0.584 -

Ebit Per Revenue

0.112 0.094 0.041 0.03 0.064 0.067 0.029 -0.074 0.001 0.062 0.024 -0.024 0.019 0.034 -0.01 -0.092 -0.069 0.098 0.081 0.027 0.105 0.084 0.145 0.065 0.155 0.175 0.119 0.081 0.124 0.145 0.017 0.093 0.17 -0.028 0.035 0.035 0.167 0.041 0.041 0.058 0.058 0.037 0.037 -

Debt Ratio

0.129 0.108 0.096 0.127 0.147 0.151 0.168 0.183 0.18 0.135 0.115 0.134 0.139 0.14 0.136 0.137 0.13 0.098 0.078 0.096 0.088 0.063 0.065 0.067 0.064 0.084 0.107 0.122 0.135 0.164 0.196 - 0.222 0.204 0.261 0.261 0.266 0.275 0.275 0.277 0.276 0.221 0.22 0.24

Debt Equity Ratio

0.212 0.184 0.152 0.21 0.25 0.262 0.28 0.306 0.296 0.22 0.176 0.209 0.219 0.224 0.212 0.211 0.196 0.147 0.11 0.137 0.124 0.087 0.09 0.094 0.09 0.122 0.161 0.192 0.212 0.267 0.342 - 0.402 0.309 0.492 0.492 0.515 0.515 0.515 0.532 0.531 0.395 0.393 0.421

Long Term Debt To Capitalization

0.174 0.117 0.091 0.093 0.028 0.044 0.046 0.15 0.145 0.145 0.121 0.144 0.15 0.151 0.148 0.128 0.135 0.094 0.081 0.082 0.078 0.08 0.082 0.086 0.082 0.109 0.13 0.161 0.174 0.211 0.212 - 0.215 0.154 0.287 0.287 0.308 0.34 0.34 0.347 0.347 0.282 0.282 0.294

Total Debt To Capitalization

0.175 0.155 0.132 0.173 0.2 0.208 0.218 0.234 0.228 0.18 0.15 0.173 0.179 0.183 0.175 0.174 0.164 0.128 0.099 0.12 0.11 0.08 0.083 0.086 0.082 0.109 0.139 0.161 0.175 0.211 0.255 - 0.287 0.236 0.33 0.33 0.34 0.34 0.34 0.347 0.347 0.283 0.282 0.296

Interest Coverage

- 10.2 3.24 2.35 4.46 5.5 1.57 -2.87 0.046 8.44 2.45 -2.35 2.08 3.96 -0.949 -8.28 -7.5 - - 4.28 - 35 37.3 17.8 44.3 33 12.9 6.24 8.82 17.7 0.663 3.77 - - - - - - - - - - - -

Cash Flow To Debt Ratio

0.255 0.557 0.602 0.204 0.387 0.242 0.238 0.042 0.118 0.19 0.325 0.186 0.294 0.283 0.15 0.096 0.192 0.506 0.647 0.253 0.408 0.665 0.756 0.639 0.395 0.69 0.539 0.256 0.408 0.256 -0.036 - - - 0.083 0.083 - 0.091 0.091 0.101 0.101 0.099 0.1 -

Company Equity Multiplier

1.64 1.7 1.59 1.65 1.7 1.73 1.66 1.67 1.64 1.63 1.53 1.56 1.57 1.6 1.56 1.54 1.51 1.51 1.41 1.43 1.41 1.38 1.38 1.4 1.39 1.46 1.5 1.58 1.57 1.63 1.74 - 1.81 1.51 1.88 1.88 1.93 1.88 1.88 1.92 1.92 1.79 1.79 1.75

Receivables Turnover

3.92 3.88 3.42 2.75 2.88 2.7 2.95 2.74 3 3.21 3.27 3.11 3.11 3.14 2.37 2.2 2.62 2.77 2.36 - 2.54 - 2.78 2.68 - - - 2.11 2.1 2.03 - - 2.06 1.85 - 1.93 2.07 - 2.3 3.25 3.25 - 3.03 -

Payables Turnover

2.74 1.38 2.4 2.32 2.4 1.78 2.46 2.79 2.71 2.25 3.59 3.8 4 2.01 2.25 2.64 2.95 2.05 2.98 3.4 3.52 2.52 2.56 3.33 2.94 2.53 1.76 2.52 1.5 2.7 1.44 - - 7.07 1.77 1.77 5.34 1.98 1.98 2.23 2.23 1.49 1.49 -

Inventory Turn Over

5.45 7.56 6.81 5.51 5.75 7.75 5.39 4.93 5.39 8.66 7.5 6.28 6.38 4.85 4.57 3.76 3.72 5.31 4.57 3.86 4.08 6.06 4.89 4.14 4.14 6.19 4.94 3.75 3.71 5.71 3.64 - 3.98 12.8 4.09 4.09 4.51 4.19 4.19 6.48 6.48 4.65 4.65 -

Fixed Asset Turnover

0.352 0.345 0.337 0.333 0.366 0.344 0.305 0.277 0.315 0.329 0.32 0.299 0.334 0.325 0.298 0.287 0.344 0.347 0.352 0.346 0.392 0.414 0.393 0.38 0.431 0.435 0.382 0.346 0.394 0.386 0.305 - 0.346 0.215 0.277 0.277 0.302 0.276 0.276 0.316 0.316 0.302 0.302 -

Asset Turnover

0.288 0.288 0.281 0.271 0.296 0.284 0.252 0.231 0.258 0.274 0.265 0.245 0.272 0.266 0.24 0.228 0.27 0.281 0.28 0.272 0.296 0.317 0.299 0.29 0.315 0.319 0.29 0.257 0.292 0.293 0.237 - 0.271 0.179 0.223 0.223 0.245 0.229 0.229 0.262 0.262 0.253 0.253 -

Operating Cash Flow Sales Ratio

0.114 0.208 0.205 0.096 0.192 0.129 0.158 0.034 0.083 0.093 0.141 0.102 0.151 0.149 0.085 0.058 0.092 0.176 0.18 0.089 0.121 0.132 0.164 0.148 0.081 0.18 0.2 0.121 0.188 0.143 -0.029 0.094 - - 0.097 0.097 - 0.11 0.11 0.106 0.106 0.087 0.087 -

Free Cash Flow Operating Cash Flow Ratio

-0.664 0.218 0.636 0.346 0.294 -0.02 0.616 -1.22 -1.73 -0.752 0.519 0.428 0.068 -0.157 -0.417 -0.329 -0.483 -0.364 0.261 0.315 0.424 -0.385 0.322 0.682 0.207 0.595 0.486 0.638 0.792 0.572 2.27 0.677 - - 0.292 0.292 - -0.01 -0.01 -1.05 -1.05 -0.428 -0.428 -

Cash Flow Coverage Ratios

0.255 0.557 0.602 0.204 0.387 0.242 0.238 0.042 0.118 0.19 0.325 0.186 0.294 0.283 0.15 0.096 0.192 0.506 0.647 0.253 0.408 0.665 0.756 0.639 0.395 0.69 0.539 0.256 0.408 0.256 -0.036 - - - 0.083 0.083 - 0.091 0.091 0.101 0.101 0.099 0.1 -

Short Term Coverage Ratios

36.5 139 3.29 0.525 0.571 0.396 0.36 0.163 0.449 44.9 71.9 - 129 84.2 2.87 1.33 4.01 7.99 222 106 5.94 182 219 1.17 K 333 515 7.55 213 255 155 -0.168 - - - 0.455 0.455 - 81.3 81.3 74.7 74.7 83.4 - -

Capital Expenditure Coverage Ratio

0.601 1.28 2.75 1.53 1.42 0.98 2.6 0.451 0.366 0.571 2.08 1.75 1.07 0.864 0.706 0.753 0.674 0.733 1.35 1.46 1.74 0.722 1.48 3.14 1.26 2.47 1.95 2.76 4.81 2.34 -0.785 3.1 - - 1.41 1.41 - 0.99 0.99 0.487 0.487 0.7 0.7 -

Dividend Paid And Capex Coverage Ratio

0.601 1.28 2.75 1.53 1.42 0.977 2.45 0.451 0.366 0.571 2.08 1.75 1.07 0.864 0.701 0.638 0.463 0.733 1.27 0.404 1.74 0.722 1.36 0.651 1.26 2.46 1.04 2.76 4.81 2.34 -0.785 3.1 - - 1.41 1.41 - 0.99 0.99 0.464 0.464 0.7 0.7 -

Dividend Payout Ratio

- 0.0 0.0 0.0 0.0 0.008 0.383 -0.0 -0.0 0.0 0.0 -0.0 0.001 0.001 -0.049 -0.17 1.23 0.0 0.179 8.07 - 0.001 0.089 3.05 0.0 0.002 1.09 - - 0.0 -0.0 0.0 - - 0.0 0.0 - - - 0.244 0.244 - - -

Price To Free Cash Flows Ratio, P/FCF

-7.86 11 5.32 13.5 5.94 -97.2 2.85 -9.42 -2.43 -7.47 9.33 17.5 72.6 -33.4 -25.7 -55.9 -17.1 -15.8 24.5 43.5 22.5 -21.2 22.6 14.7 80.7 10.4 14.5 12.3 4.89 8.26 -6.57 5.3 - - 13.9 12.9 - -261 -256 -2.75 -3.8 -23.3 -29 -

Price To Operating Cash Flows Ratio, P/OCF

5.22 2.4 3.38 4.65 1.75 1.99 1.75 11.4 4.2 5.62 4.84 7.46 4.94 5.24 10.7 18.4 8.26 5.77 6.4 13.7 9.51 8.15 7.29 10 16.7 6.21 7.04 7.85 3.87 4.73 -14.9 3.59 - - 4.05 3.76 - 2.66 2.61 2.9 4 9.98 12.4 -

Price Cash Flow Ratio, P/CF

5.22 2.4 3.38 4.65 1.75 1.99 1.75 11.4 4.2 5.62 4.84 7.46 4.94 5.24 10.7 18.4 8.26 5.77 6.4 13.7 9.51 8.15 7.29 10 16.7 6.21 7.04 7.85 3.87 4.73 -14.9 3.59 - - 4.05 3.76 - 2.66 2.61 2.9 4 9.98 12.4 -

Enterprise Value Multiple, EV

4.92 4.52 7.22 6.86 5.11 5.29 6.74 36.1 10.5 6.48 8.97 15.7 11.2 10.7 16.9 211 7.54 6.74 9.2 13.5 7.47 6.39 5.78 11.4 6.14 4.74 7.95 6.87 4.82 5.05 10.5 2.65 3.65 16.4 10.1 9.95 5.25 9.43 9.4 9.55 10.4 13.6 15.3 -

Price Fair Value, P/FV

0.282 0.246 0.31 0.2 0.169 0.126 0.117 0.149 0.147 0.234 0.277 0.291 0.318 0.331 0.339 0.372 0.311 0.43 0.454 0.474 0.48 0.473 0.495 0.602 0.59 0.523 0.61 0.386 0.334 0.323 0.182 0.163 0.123 0.082 0.165 0.153 0.184 0.125 0.123 0.155 0.214 0.391 0.487 -

All numbers in RUB currency

Multiples are an important financial analysis tool for the company Россети Волга, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

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Камчатскэнерго Камчатскэнерго
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Курганская Генерирующая Компания Курганская Генерирующая Компания
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Красноярскэнергосбыт Красноярскэнергосбыт
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Костромская сбытовая компания Костромская сбытовая компания
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Липецкая энергосбытовая компания Липецкая энергосбытовая компания
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MAGE
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ТНС Энерго Марий Эл ТНС Энерго Марий Эл
MISB
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МРСК Центра МРСК Центра
MRKC
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Россети Сибирь Россети Сибирь
MRKS
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МРСК Урала МРСК Урала
MRKU
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Россети Юг Россети Юг
MRKY
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MRKZ
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ТГК-2 п ТГК-2 п
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TGKD
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