ОГК-2 OGKB

Quarterly report 2025-Q3
added 11-04-2026

ОГК-2 Financial Ratios 2025-2005 | OGKB

Brief overview of ОГК-2's valuation multiples

This overview follows the five latest available observations from 2020 through 2024.

The current valuation set is P/E 4x (median 6.08x), EV/EBITDA 9x (median 3x), P/S 0.26x (median 0.37x). The combined multiple level is about 29.7% below the company's historical norm, suggesting more cautious expectations.

Earnings yield calculated as 1/P/E is about 25%, showing current profit per unit of share price.

Capital efficiency is characterized by ROE -1.1%, ROA -0.7%, ROCE -1%. The business is not generating positive returns on invested resources. Valuation should be read cautiously until earnings recover.

On PEG (0.67x), valuation is restrained relative to growth, but one ratio cannot replace cash-flow and risk analysis.

Liquid assets provide strong near-term coverage: current ratio 2.93x, quick ratio 2.21x.

Debt to equity is 0.28x, while interest coverage is -4.95x. The burden increases sensitivity to weaker earnings.

The cash conversion cycle lengthened from 37.5 days to 99.1 days, or 61.6 days. More cash is tied up in operations.

Conclusion

ОГК-2's valuation is lower, but weak quality metrics call for caution. Recovery in earnings and capital returns is the key catalyst.

Annual Financial Ratios ОГК-2

	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Price Earnings Ratio, P/E	-25	4	7	5	15.81	6.08	5.04	4.05	6.57	16.71	7.03	-12.13	6.49	7.49	4334.89	26.88	27.49	-21.92	-394.07	46.67	174.4
Price Sales Ratio, P/S	0.26	0.26	0.37	0.43	0.5	0.67	0.45	0.23	0.33	0.39	0.21	0.15	0.25	0.22	0.42	1.23	0.74	0.21	3.11	4.71	3.78
Price To Book Ratio, P/B	0.28	0.27	0.41	0.42	0.49	0.56	0.44	0.26	0.39	0.46	0.21	0.16	0.24	0.21	0.53	1.46	0.8	0.23	2.86	9.16	8.22
Price Earnings To Growth Ratio, PEG	-24	-	-	-	-0.24	0.67	0.12	0.34	0.05	-	-0.02	0.09	-0.32	0.0	-43.46	0.17	-0.08	-0.91	3.72	0.09	-
Operating Cash Flow Per Share	0.03	0.18	0.27	0.19	0.3	0.17	0.26	0.26	0.18	0.17	0.05	0.12	0.1	0.2	0.02	0.17	0.06	-0.06	0.07	-0.05	0.03
Free Cash Flow Per Share	-0.17	-0.05	0.06	0.14	0.17	0.11	0.17	0.17	0.09	0.03	-0.2	-0.06	-0.06	-0.1	-0.28	0.1	0.01	-0.64	0.02	-0.08	0.02
Cash Per Share	0.0	-	0.0	0.0	-0.0	0.0	0.09	0.09	0.05	0.04	0.07	0.12	0.08	0.06	0.01	0.09	0.05	0.1	0.77	0.05	0.03
Payout Ratio	-	0.78	-	0.5	1.49	0.45	0.32	0.21	0.12	0.19	0.26	-	-	0.02	27.5	-	-	-	-0.59	0.24	0.01
Dividend Yield	-	0.17	-	0.1	0.09	0.07	0.06	0.05	0.02	0.01	0.04	-	-	0.0	0.01	-	-	-	0.0	0.01	0.0
Current Ratio	-	-	-	-	2.93	2.25	1.11	1.29	1.39	0.59	0.7	1.81	3.61	2.58	1.53	3.2	0.86	1.33	2.82	0.9	1.11
Quick Ratio	-	-	-	-	2.21	1.48	0.75	0.79	0.83	0.37	0.47	1.43	2.94	1.99	1.08	2.56	0.7	0.97	2.49	0.48	0.72
Cash Ratio	-	-	-	-	0.01	0.0	0.0	0.24	0.24	0.09	0.15	0.68	0.61	0.33	0.03	0.85	0.11	0.45	2.33	0.19	0.24
Days Of Sales Outstanding, DSO	-	-	-	-	77.32	78.03	54.93	30.3	32.63	37.16	46.98	39.81	57.52	57.47	45.82	-53.87	32.06	15.59	10.29	19.78	31.01
Days Of Inventory Outstanding, DIO	-	-	-	-	46.79	83.45	68.66	44.91	41.36	38.51	44.49	32.96	29.58	32.9	-	24.69	28.54	29.3	39.57	46.73	33.73
Days Of Payables Outstanding, DPO	-	-	-	-	24.99	32.05	47.39	24.98	36.49	32.94	43.96	71.2	35.12	28.82	-	57.45	42.49	31.71	18.93	16.6	30.49
Operating Cycle	-	-	-	-	124.11	161.48	123.59	75.21	73.99	75.67	91.47	72.77	87.1	90.37	45.82	-29.18	60.61	44.9	49.86	66.52	64.74
Cash Conversion Cycle	-	-	-	-	99.12	129.43	76.21	50.23	37.49	42.73	47.52	1.56	51.98	61.55	45.82	-86.63	18.11	13.19	30.93	49.92	34.25
Gross Profit Margin	-	-	-	-	0.45	0.48	0.47	0.24	0.25	0.21	0.16	0.3	0.3	0.29	1	0.29	0.3	0.23	0.16	0.17	0.2
Operating Profit Margin	-0.01	0.07	0.08	0.12	0.19	0.15	0.18	0.15	0.11	0.08	0.04	-0.01	0.06	0.06	0.02	0.08	0.05	-0.02	0.02	-0.02	-0.01
Pretax Profit Margin	-0.01	0.06	0.05	0.09	0.04	0.14	0.11	0.07	0.07	0.04	0.03	-0.0	0.05	0.04	0.0	0.07	0.03	-0.02	-0.0	0.13	0.06
Net Profit Margin	-0.01	0.06	0.05	0.09	0.03	0.11	0.09	0.06	0.05	0.02	0.03	-0.01	0.04	0.03	0.0	0.05	0.03	-0.01	-0.01	0.1	0.02
Effective Tax Rate	-	-	-	-	0.21	0.23	0.2	0.2	0.29	0.39	0.23	-1.94	0.22	0.24	0.98	0.32	0.22	0.45	-1.9	0.28	0.52
Return On Assets, ROA	-0.01	0.05	0.04	0.06	0.02	0.06	0.05	0.04	0.03	0.01	0.02	-0.01	0.03	0.02	0.0	0.04	0.02	-0.01	-0.01	0.11	0.02
Return On Equity, ROE	-0.01	0.06	0.06	0.09	0.03	0.09	0.09	0.07	0.06	0.03	0.03	-0.01	0.04	0.03	0.0	0.05	0.03	-0.01	-0.01	0.2	0.05
Return On Capital Employed, ROCE	-0.01	0.06	0.08	0.1	0.14	0.09	0.13	0.12	0.08	0.06	0.03	-0.0	0.04	0.05	0.02	0.07	0.05	-0.02	0.01	-0.03	-0.02
Net Income Per Ebt	1.0	1.0	1.0	1.0	0.79	0.77	0.8	0.8	0.71	0.64	0.99	2.94	0.78	0.76	0.02	0.68	0.78	0.55	2.9	0.76	0.36
Ebt Per Ebit	0.85	0.84	0.62	0.76	0.2	0.93	0.63	0.48	0.63	0.48	0.8	0.7	0.79	0.61	0.19	0.89	0.74	1.0	-0.17	-6.96	-5.19
Ebit Per Revenue	-0.01	0.07	0.08	0.12	0.19	0.15	0.18	0.15	0.11	0.08	0.04	-0.01	0.06	0.06	0.02	0.08	0.05	-0.02	0.02	-0.02	-0.01
Debt Ratio	0.35	0.23	0.35	0.29	0.18	0.2	0.23	0.22	0.27	0.31	0.34	0.26	0.21	0.16	0.25	0.1	0.18	0.15	0.14	0.24	0.09
Debt Equity Ratio	0.28	0.12	0.22	0.22	0.27	0.32	0.38	0.37	0.49	0.58	0.64	0.42	0.31	0.22	0.4	0.12	0.26	0.21	0.19	0.44	0.17
Long Term Debt To Capitalization	0.22	0.11	0.18	0.18	0.2	0.21	0.19	0.23	0.32	0.23	0.24	0.29	0.23	0.16	0.25	0.27	-0.02	0.12	0.0	0.07	0.04
Total Debt To Capitalization	0.22	0.11	0.18	0.18	0.21	0.24	0.28	0.27	0.33	0.37	0.39	0.3	0.24	0.18	0.28	0.11	0.2	0.17	0.16	0.3	0.15
Interest Coverage	-4.95	54.11	7.8	5.62	9.23	6.25	6.14	5.18	2.75	1.93	2.38	-0.88	3.66	2.39	1.16	3.6	2.12	-	1.18	-1.74	-1.19
Cash Flow To Debt Ratio	0.08	1.17	0.96	0.66	0.87	0.41	0.53	0.58	0.33	0.27	0.08	0.27	0.3	0.55	0.03	1.12	0.19	-0.24	0.3	-0.29	0.71
Company Equity Multiplier	1.53	1.3	1.53	1.42	1.47	1.55	1.65	1.68	1.79	1.89	1.91	1.63	1.48	1.38	1.6	1.29	1.45	1.42	1.34	1.83	1.99
Receivables Turnover	-	-	-	-	4.72	4.68	6.64	12.05	11.19	9.82	7.77	9.17	6.35	6.35	7.97	-6.78	11.38	23.41	35.46	18.45	11.77
Payables Turnover	-	-	-	-	14.61	11.39	7.7	14.61	10.0	11.08	8.3	5.13	10.39	12.67	-	6.35	8.59	11.51	19.28	21.99	11.97
Inventory Turn Over	-	-	-	-	7.8	4.37	5.32	8.13	8.83	9.48	8.2	11.08	12.34	11.1	-	14.78	12.79	12.46	9.23	7.81	10.82
Fixed Asset Turnover	-	-	-	-	0.96	0.75	0.83	0.81	0.77	0.73	0.63	0.81	0.87	0.91	0.98	1.3	1.17	1.17	1.87	1.47	1.47
Asset Turnover	0.72	0.81	0.74	0.7	0.67	0.54	0.6	0.67	0.65	0.62	0.52	0.64	0.67	0.7	0.79	0.92	0.75	0.79	0.69	1.06	1.1
Operating Cash Flow Sales Ratio	0.02	0.14	0.18	0.14	0.23	0.16	0.21	0.19	0.14	0.14	0.05	0.11	0.09	0.12	0.01	0.12	0.04	-0.04	0.06	-0.06	0.06
Free Cash Flow Operating Cash Flow Ratio	-4.74	-0.45	0.42	0.02	0.55	0.63	0.67	0.67	0.47	0.19	-3.85	-0.49	-0.63	-0.49	-17.37	0.57	0.15	11.49	0.28	1.5	0.54
Cash Flow Coverage Ratios	0.08	1.17	0.96	0.66	0.87	0.41	0.53	0.58	0.33	0.27	0.08	0.27	0.3	0.55	0.03	1.12	0.19	-0.24	0.3	-0.29	0.71
Short Term Coverage Ratios	-	-	-	-	120.21	3.11	1.44	3.16	13.61	0.57	0.15	1.61	-	4.03	0.17	546.38	0.19	-0.68	0.3	-0.35	1.06
Capital Expenditure Coverage Ratio	0.17	0.69	1.71	1.02	2.23	2.73	3.07	3.0	1.9	1.23	0.21	0.67	0.61	0.67	0.05	2.33	1.18	-0.1	1.4	-1.98	2.17
Dividend Paid And Capex Coverage Ratio	0.17	0.56	1.71	0.77	1.54	1.46	2.15	2.52	1.75	1.19	0.2	0.67	0.61	0.67	0.05	2.33	1.18	-0.1	1.26	-1.14	2.16
Dividend Payout Ratio	-	0.78	-	0.5	1.49	0.45	0.32	0.21	0.12	0.19	0.26	-	-	0.02	27.5	-	-	-	-0.59	0.24	0.01
Price To Free Cash Flows Ratio, P/FCF	-2.53	-4.18	4.81	152.5	3.85	6.74	3.22	1.86	5.12	15.24	-1.11	-2.78	-4.14	-3.57	-2.7	18.36	108.54	-0.4	178.37	-48.63	124.5
Price To Operating Cash Flows Ratio, P/OCF	11.98	1.89	2.0	2.95	2.12	4.27	2.17	1.24	2.43	2.89	4.26	1.36	2.62	1.76	46.81	10.48	16.63	-4.63	50.62	-73.18	67.22
Price Cash Flow Ratio, P/CF	11.98	1.89	2.0	2.95	2.12	4.27	2.17	1.24	2.43	2.89	4.26	1.36	2.62	1.76	46.81	10.48	16.63	-4.63	50.62	-73.18	67.22
Enterprise Value Multiple, EV	9	2	3	2	5.05	3.93	3.53	2.72	3.76	5.9	8.08	3.42	4.75	3.92	12.68	5.77	10.5	10.03	64.38	27.47	33.67
Price Fair Value, P/FV	0.28	0.27	0.41	0.42	0.49	0.56	0.44	0.26	0.39	0.46	0.21	0.16	0.24	0.21	0.53	1.46	0.8	0.23	2.86	9.16	8.22

All numbers in RUB currency

Quarterly Financial Ratios ОГК-2

	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-Q3	2016-Q2	2016-Q1	2015-Q4	2015-Q3	2015-Q2	2015-Q1	2014-Q4	2014-Q3	2014-Q2	2014-Q1	2013-Q4	2013-Q3	2013-Q2	2013-Q1	2012-Q4	2012-Q3	2012-Q2	2011-Q4	2011-Q1
Price Earnings Ratio, P/E	4.52	4.32	3.16	-	2.62	3.42	1.58	-1.76	6.15	5.19	3.05	16.7	12.2	9.24	2.02	-73.1	5.59	4.56	1.63	12.8	9.44	4.89	2.63	-25.1	14	5.31	2.39	12.4	-20.7	-29.7	2.64	9.8	-10.3	-21.3	1.62	-0.612	4.32	3.38	2.14	-10.7	6.08	5.61	3.45	6.25	4.33	-40.9	-5.4	6.04
Price Sales Ratio, P/S	1.53	2.4	1.99	-	1.31	2.44	1.15	1.93	2.03	3	2.39	2.52	3.01	3.35	1.87	1.79	1.9	1.94	1.09	0.886	1.2	1.22	1.22	1.26	1.41	1.21	1.25	1.32	1.04	1.07	0.916	0.752	0.942	1.19	0.766	0.529	0.723	0.905	0.792	0.905	1	1.07	1.24	1.14	0.814	1.25	1.63	3.26
Price To Book Ratio, P/B	0.409	0.543	-	-	-	0.473	0.303	0.491	0.497	0.58	0.573	0.557	0.597	0.615	0.442	0.453	0.421	0.464	0.306	0.264	0.324	0.305	0.386	0.391	0.389	0.321	0.399	0.462	0.315	0.259	0.256	0.209	0.205	0.262	0.206	0.155	0.168	0.204	0.199	0.243	0.256	0.236	0.315	0.292	0.272	0.317	0.515	1.19
Price Earnings To Growth Ratio, PEG	-0.215	-0.152	-	-	-0.199	-0.122	-0.009	0.004	-0.235	-0.125	0.006	-0.333	-	-0.129	-0.001	0.668	-0.168	-0.091	0.003	-	-0.189	-0.098	-0.003	0.174	-0.28	-0.089	0.006	-0.036	-0.265	0.276	0.006	-0.047	-0.162	0.192	-0.011	0.001	-0.086	-	-0.005	0.083	0.061	-0.112	-	-	-0.005	0.32	0.683	-
Operating Cash Flow Per Share	0.075	0.078	0.078	-	0.06	0.038	0.071	0.082	0.053	0.046	0.119	0.072	0.016	0.016	0.067	0.032	0.064	0.05	0.114	0.069	0.074	0.029	0.121	0.058	0.05	0.048	0.094	0.07	0.079	0.024	0.055	0.018	0.03	0.004	0.038	0.02	0.026	0.019	0.053	0.022	0.02	0.018	0.037	-0.03	0.153	0.034	0.008	-1.19
Free Cash Flow Per Share	0.051	0.057	0.057	-	0.045	0.019	0.05	0.03	0.027	0.025	0.082	0.044	0.006	0.005	0.053	0.003	0.042	0.034	0.098	0.045	0.045	0.017	0.1	0.004	0.032	0.03	0.081	0.045	0.056	-0.016	0.004	-0.073	-0.043	-0.039	-0.01	-0.026	-0.03	-0.021	0.02	-0.025	-0.041	-0.006	0.011	-0.11	0.033	-0.017	-0.078	-1.22
Cash Per Share	0.0	0.0	-	-	-	0.001	-0.01	0.001	0.001	0.001	0.003	0.003	0.003	0.003	0.003	0.089	0.202	0.206	0.181	0.09	0.05	0.04	0.111	0.041	0.069	0.033	0.112	0.035	0.046	0.031	0.064	0.071	0.041	0.063	0.109	0.121	0.151	0.103	0.136	0.082	0.01	0.023	0.032	0.041	0.006	0.004	0.006	0.061
Payout Ratio	-	-	-	-	2.34	-	-	-0.0	2.14	-	-	0.005	3.41	-	-	-0.02	1.5	-	-	0.006	1.59	-	-	-0.002	1.03	-	-	0.453	-0.259	-0.005	-	0.691	-0.777	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.009	-
Dividend Yield	-	-	-	-	0.223	-	-	0.0	0.087	-	-	0.0	0.07	-	-	0.0	0.067	-	-	0.0	0.042	-	-	0.0	0.018	-	-	0.009	0.003	0.0	-	0.018	0.019	-	-	-	-	-	-	-	-	-	-	-	-	-	0.0	-
Current Ratio	2.27	1.27	-	-	-	-	1.23	2.93	2.99	2.1	2.21	2.25	1.66	1.13	1.5	1.11	1.49	1.23	1.56	1.29	1.79	1.79	2.13	1.39	1.61	0.579	0.708	0.595	0.567	0.658	0.841	0.703	1.58	1.63	1.82	1.81	2.88	4.06	3.69	3.61	2.85	3.04	3.32	2.58	0.983	1.69	1.53	2.74
Quick Ratio	1.25	0.635	-	-	-	-	0.924	2.21	2.22	1.6	1.71	1.48	0.965	0.704	0.945	0.751	1.05	0.872	1.1	0.844	1.07	1.04	1.47	0.869	1.09	0.372	0.526	0.408	0.372	0.424	0.568	0.482	1.03	1.07	1.33	1.43	2.35	3.24	3.03	2.94	2.1	2.27	2.53	1.99	0.692	1.16	1.08	2.24
Cash Ratio	0.001	0.0	-	-	-	-	0.002	0.005	0.004	0.004	0.003	0.0	0.001	0.001	0.003	0.002	0.592	0.479	0.555	0.242	0.328	0.284	0.74	0.239	0.291	0.059	0.223	0.091	0.097	0.074	0.17	0.152	0.223	0.377	0.635	0.682	1.1	1.29	1.4	0.605	0.121	0.292	0.432	0.332	0.015	0.016	0.026	0.377
Days Of Sales Outstanding, DSO	19.5	22.7	-	-	-	-	78.5	74.1	63.6	95.2	79.4	72.7	55.9	72	53.5	52.5	29.5	29.2	27.8	28.2	28.6	29.6	27.5	30.2	34.8	36	32.4	29.9	34	48.8	28.6	28.2	30.1	31.7	24.3	24.3	41.7	42.7	40.3	27.3	47.2	51.7	53.6	-	-	-	-	-
Days Of Inventory Outstanding, DIO	48.7	80.2	-	-	-	-	49.2	19.7	28.8	41.9	34.4	78.1	80.5	99	71.1	65.1	71.4	72.3	60.6	50.6	34.5	41.1	45.2	44.1	43	47.3	39.2	33.8	37.8	50.4	47.7	45.9	53	51.3	37.9	28.2	33.4	35.4	31.4	25.4	30.3	36.2	30.7	35.4	28.9	35.8	-9.28	-
Days Of Payables Outstanding, DPO	13.7	18.5	-	-	-	-	16.7	10.5	15.4	21.6	15.8	30	31.7	62.4	40.6	44.9	41.8	50.3	46.8	31.5	35.5	34.3	42	41.8	37.6	41.9	16.8	34.9	34.5	45.5	44.7	47.4	60.7	42.9	38.8	60.9	36.2	34.5	37.5	27.2	30.6	36	26.5	31.1	93.3	53.2	-11.2	-
Operating Cycle	68.2	103	-	-	-	-	128	93.8	92.4	137	114	151	136	171	125	118	101	101	88.4	78.8	63	70.6	72.6	74.3	77.8	83.3	71.6	63.7	71.8	99.2	76.3	74.1	83.1	83	62.2	52.5	75	78.2	71.7	52.6	77.5	88	84.4	35.4	28.9	35.8	-9.28	-
Cash Conversion Cycle	54.5	84.4	-	-	-	-	111	83.3	77	116	98.1	121	105	109	84	72.6	59.1	51.2	41.6	47.3	27.5	36.4	30.6	32.5	40.2	41.4	54.9	28.8	37.3	53.7	31.6	26.7	22.4	40.1	23.5	-8.38	38.8	43.7	34.2	25.4	46.9	51.9	57.9	4.39	-64.5	-17.5	1.92	-
Gross Profit Margin	0.315	0.465	0.429	-	0.407	0.525	0.459	-0.26	0.169	0.25	0.291	0.486	0.442	0.494	0.492	0.463	0.422	0.453	0.478	0.438	0.086	0.133	0.422	0.396	0.356	0.374	0.417	0.386	0.328	0.335	0.36	0.316	0.27	0.297	0.321	0.284	0.283	0.322	0.313	0.259	0.286	0.328	0.338	0.396	0.254	0.225	3.3	1
Operating Profit Margin	0.128	0.188	0.21	-	0.172	0.219	0.24	-0.31	0.119	0.19	0.249	0.073	0.081	0.121	0.308	0.009	0.129	0.159	0.228	0.029	0.076	0.109	0.173	0.042	0.073	0.116	0.205	0.086	0.036	0.021	0.128	0.027	-0.024	0.146	0.0	-0.241	0.05	0.082	0.125	-0.022	0.068	0.08	0.127	0.081	0.081	0.025	-0.032	0.176
Pretax Profit Margin	0.124	0.175	0.198	-	0.156	0.226	0.228	-0.329	0.093	0.191	0.247	0.066	0.077	0.111	0.291	-0.01	0.103	0.139	0.209	0.017	0.049	0.076	0.143	0.011	0.032	0.072	0.167	0.05	-0.011	-0.006	0.108	-0.012	-0.023	-0.009	0.146	-0.237	0.054	0.088	0.118	-0.028	0.052	0.063	0.114	0.064	0.059	-0.007	-0.06	0.171
Net Profit Margin	0.085	0.139	0.157	-	0.125	0.179	0.182	-0.274	0.082	0.144	0.196	0.038	0.062	0.091	0.231	-0.006	0.085	0.107	0.167	0.017	0.032	0.062	0.116	-0.013	0.025	0.057	0.131	0.027	-0.013	-0.009	0.087	0.019	-0.023	-0.014	0.118	-0.216	0.042	0.067	0.093	-0.021	0.041	0.048	0.089	0.045	0.047	-0.008	-0.076	0.135
Effective Tax Rate	0.315	0.207	0.206	-	0.198	0.209	0.201	0.188	0.17	0.187	0.202	0.425	0.194	0.185	0.205	0.396	0.178	0.235	0.2	0.001	0.352	0.178	0.189	2.15	0.218	0.206	0.213	0.47	-0.196	-0.536	0.233	0.587	-0.004	-0.598	0.192	0.086	0.221	0.237	0.213	0.234	0.214	0.247	0.212	0.286	0.2	-0.158	-0.25	0.211
Return On Assets, ROA	0.017	0.024	-	-	-	-	0.033	-0.047	0.014	0.018	0.031	0.005	0.008	0.011	0.036	-0.001	0.012	0.015	0.028	0.003	0.005	0.009	0.021	-0.002	0.004	0.009	0.022	0.005	-0.002	-0.001	0.013	0.003	-0.003	-0.002	0.02	-0.039	0.006	0.01	0.015	-0.004	0.008	0.008	0.017	0.009	0.01	-0.001	-0.015	0.037
Return On Equity, ROE	0.023	0.031	-	-	-	0.035	0.048	-0.07	0.02	0.028	0.047	0.008	0.012	0.017	0.055	-0.002	0.019	0.025	0.047	0.005	0.009	0.016	0.037	-0.004	0.007	0.015	0.042	0.009	-0.004	-0.002	0.024	0.005	-0.005	-0.003	0.032	-0.063	0.01	0.015	0.023	-0.006	0.011	0.011	0.023	0.012	0.016	-0.002	-0.024	0.049
Return On Capital Employed, ROCE	0.028	0.037	-	-	-	-	0.053	-0.057	0.021	0.026	0.043	0.011	0.012	0.017	0.054	0.002	0.021	0.027	0.044	0.006	0.013	0.017	0.033	0.008	0.013	0.023	0.046	0.021	0.007	0.003	0.023	0.005	-0.003	0.022	0.0	-0.049	0.008	0.013	0.022	-0.004	0.013	0.014	0.025	0.016	0.02	0.004	-0.007	0.054
Net Income Per Ebt	0.685	0.793	0.794	-	0.801	0.791	0.798	0.833	0.886	0.757	0.796	0.576	0.803	0.816	0.795	0.592	0.821	0.765	0.8	0.999	0.648	0.822	0.811	-1.15	0.782	0.794	0.787	0.53	1.2	1.54	0.801	-1.63	1	1.6	0.808	0.914	0.779	0.763	0.787	0.766	0.786	0.753	0.788	0.714	0.8	1.16	1.25	0.789
Ebt Per Ebit	0.966	0.93	0.943	-	0.907	1.03	0.953	1.06	0.782	1.01	0.99	0.895	0.948	0.92	0.943	-1.17	0.802	0.879	0.914	0.606	0.643	0.695	0.829	0.261	0.44	0.617	0.815	0.582	-0.293	-0.273	0.849	-0.434	0.965	-0.06	1.24 K	0.981	1.08	1.07	0.942	1.28	0.77	0.789	0.891	0.788	0.722	-0.26	1.86	0.968
Ebit Per Revenue	0.128	0.188	0.21	-	0.172	0.219	0.24	-0.31	0.119	0.19	0.249	0.073	0.081	0.121	0.308	0.009	0.129	0.159	0.228	0.029	0.076	0.109	0.173	0.042	0.073	0.116	0.205	0.086	0.036	0.021	0.128	0.027	-0.024	0.146	0.0	-0.241	0.05	0.082	0.125	-0.022	0.068	0.08	0.127	0.081	0.081	0.025	-0.032	0.176
Debt Ratio	0.1	0.086	-	-	-	-	0.176	0.182	0.171	0.168	0.189	0.203	0.187	0.164	0.163	0.233	0.213	0.211	0.217	0.221	0.22	0.228	0.258	0.275	0.275	0.267	0.302	0.31	0.325	0.335	0.335	0.338	0.266	0.257	0.256	0.26	0.249	0.219	0.222	0.208	0.152	0.134	0.137	0.157	0.149	0.239	0.248	0.089
Debt Equity Ratio	0.131	0.114	-	-	-	-	0.255	0.268	0.252	0.258	0.288	0.315	0.277	0.253	0.247	0.383	0.342	0.355	0.361	0.37	0.371	0.387	0.457	0.49	0.488	0.472	0.562	0.584	0.616	0.637	0.635	0.643	0.446	0.413	0.409	0.423	0.389	0.325	0.337	0.307	0.21	0.182	0.184	0.217	0.243	0.387	0.397	0.118
Long Term Debt To Capitalization	0.098	0.055	-	-	-	-	0.067	0.203	0.199	0.202	0.199	0.212	0.179	0.157	0.186	0.195	0.175	0.181	0.224	0.232	0.266	0.275	0.308	0.324	0.325	0.183	0.224	0.232	0.223	0.263	0.283	0.258	0.286	0.262	0.26	0.291	0.26	0.245	0.251	0.234	0.169	0.153	0.155	0.156	0.194	0.268	0.248	0.105
Total Debt To Capitalization	0.116	0.103	-	-	-	-	0.203	0.211	0.202	0.205	0.224	0.24	0.217	0.202	0.198	0.277	0.255	0.262	0.265	0.27	0.271	0.279	0.314	0.329	0.328	0.321	0.36	0.369	0.381	0.389	0.388	0.391	0.308	0.292	0.29	0.297	0.28	0.245	0.252	0.235	0.174	0.154	0.155	0.178	0.195	0.279	0.284	0.105
Interest Coverage	7.49	11.3	-	-	5	5.97	8.64	-13.3	6.09	8.34	12.2	3.62	3.86	4.59	10.5	0.352	3.49	5.3	8.93	1.26	2.21	2.6	5.36	1.25	1.64	2.36	4.63	2.01	0.659	0.575	4.75	0.6	-4.92	30.8	0.033	-55.5	9.1	23	9.14	-2.12	3.77	3.94	6.56	-	-	-	-	-
Cash Flow To Debt Ratio	0.412	0.497	-	-	-	-	0.205	0.236	0.153	0.131	0.3	0.173	0.045	0.049	0.207	0.068	0.147	0.112	0.251	0.155	0.171	0.058	0.223	0.104	0.072	0.076	0.147	0.111	0.12	0.036	0.08	0.025	0.062	0.009	0.085	0.046	0.06	0.055	0.146	0.068	0.09	0.097	0.199	-0.117	0.428	0.06	0.014	-7.81
Company Equity Multiplier	1.31	1.33	-	-	-	-	1.44	1.47	1.48	1.54	1.52	1.55	1.48	1.55	1.51	1.65	1.6	1.68	1.66	1.68	1.69	1.7	1.77	1.79	1.77	1.77	1.86	1.89	1.89	1.9	1.9	1.9	1.68	1.61	1.6	1.63	1.56	1.49	1.52	1.48	1.38	1.35	1.34	1.38	1.63	1.62	1.6	1.32
Receivables Turnover	4.62	3.96	-	-	-	-	1.15	1.21	1.42	0.945	1.13	1.24	1.61	1.25	1.68	1.72	3.05	3.08	3.24	3.19	3.15	3.04	3.28	2.98	2.58	2.5	2.78	3.01	2.65	1.84	3.15	3.19	2.99	2.84	3.71	3.7	2.16	2.11	2.23	3.3	1.91	1.74	1.68	-	-	-	-	-
Payables Turnover	6.57	4.85	-	-	-	-	5.39	8.55	5.83	4.17	5.7	3	2.84	1.44	2.22	2	2.15	1.79	1.92	2.85	2.54	2.63	2.14	2.15	2.4	2.15	5.37	2.58	2.61	1.98	2.01	1.9	1.48	2.1	2.32	1.48	2.48	2.61	2.4	3.31	2.94	2.5	3.39	2.9	0.964	1.69	-8.04	-
Inventory Turn Over	1.85	1.12	-	-	-	-	1.83	4.57	3.12	2.15	2.61	1.15	1.12	0.909	1.27	1.38	1.26	1.25	1.49	1.78	2.61	2.19	1.99	2.04	2.1	1.9	2.3	2.66	2.38	1.79	1.89	1.96	1.7	1.75	2.37	3.19	2.7	2.54	2.87	3.55	2.97	2.48	2.93	2.54	3.12	2.52	-9.7	-
Fixed Asset Turnover	0.284	0.234	-	-	-	-	0.27	0.247	0.228	0.175	0.219	0.199	0.183	0.164	0.214	0.214	0.178	0.184	0.214	0.215	0.188	0.173	0.216	0.204	0.186	0.175	0.208	0.218	0.186	0.148	0.176	0.176	0.159	0.166	0.211	0.229	0.196	0.196	0.221	0.237	0.233	0.207	0.243	0.245	0.26	0.192	0.244	0.42
Asset Turnover	0.204	0.17	-	-	-	-	0.183	0.173	0.166	0.126	0.157	0.142	0.134	0.119	0.156	0.154	0.138	0.142	0.169	0.178	0.16	0.148	0.178	0.174	0.156	0.15	0.171	0.186	0.16	0.127	0.147	0.146	0.13	0.136	0.169	0.18	0.149	0.152	0.166	0.182	0.185	0.163	0.189	0.187	0.206	0.157	0.197	0.277
Operating Cash Flow Sales Ratio	0.201	0.251	0.218	-	0.183	0.144	0.198	0.247	0.157	0.175	0.36	0.248	0.062	0.068	0.216	0.103	0.227	0.167	0.322	0.192	0.235	0.089	0.323	0.165	0.127	0.136	0.26	0.185	0.243	0.094	0.183	0.059	0.127	0.016	0.129	0.066	0.101	0.079	0.196	0.077	0.074	0.08	0.144	-0.098	0.311	0.092	0.018	-2.52
Free Cash Flow Operating Cash Flow Ratio	0.682	0.736	0.736	-	0.744	0.51	0.7	0.372	0.51	0.549	0.694	0.609	0.395	0.339	0.786	0.088	0.653	0.677	0.858	0.649	0.614	0.589	0.826	0.065	0.64	0.635	0.867	0.639	0.708	-0.652	0.068	-4.15	-1.44	-10.1	-0.262	-1.3	-1.18	-1.09	0.372	-1.15	-2.09	-0.318	0.289	3.71	0.218	-0.509	-9.57	1.02
Cash Flow Coverage Ratios	0.412	0.497	-	-	-	-	0.205	0.236	0.153	0.131	0.3	0.173	0.045	0.049	0.207	0.068	0.147	0.112	0.251	0.155	0.171	0.058	0.223	0.104	0.072	0.076	0.147	0.111	0.12	0.036	0.08	0.025	0.062	0.009	0.085	0.046	0.06	0.055	0.146	0.068	0.09	0.097	0.199	-0.117	0.428	0.06	0.014	-7.81
Short Term Coverage Ratios	4.82	1.28	-	-	-	-	0.303	32.8	32.7	22.4	2.46	1.31	0.227	0.197	3.94	0.184	0.393	0.299	1.39	0.846	8.54	2.8	8.55	4.33	6.44	0.145	0.303	0.229	0.224	0.081	0.213	0.051	0.619	0.063	0.614	0.272	0.639	35.7	81.4	21	3.57	19.1	37.5	-0.859	74.8	1.12	0.081	-
Capital Expenditure Coverage Ratio	3.15	3.79	3.79	-	3.91	2.04	3.34	1.59	2.04	2.22	3.27	2.56	1.65	1.51	4.68	1.1	2.88	3.1	7.04	2.85	2.59	2.44	5.73	1.07	2.78	2.74	7.51	2.77	3.43	0.605	1.07	0.194	0.409	0.09	0.792	0.435	0.46	0.477	1.59	0.464	0.324	0.759	1.41	-0.368	1.28	0.663	0.095	-40.1
Dividend Paid And Capex Coverage Ratio	3.15	3.79	3.79	-	0.541	2.04	3.34	1.59	0.621	2.22	3.27	2.56	0.251	1.51	4.68	1.09	1.1	3.1	7.04	2.84	1.66	2.44	5.73	1.07	1.77	2.74	7.51	2.35	3.27	0.605	1.07	0.186	0.387	0.09	0.792	0.435	0.46	0.477	1.59	0.464	0.324	0.759	1.41	-0.368	1.28	0.663	0.094	-40.1
Dividend Payout Ratio	-	-	-	-	2.34	-	-	-0.0	2.14	-	-	0.005	3.41	-	-	-0.02	1.5	-	-	0.006	1.59	-	-	-0.002	1.03	-	-	0.453	-0.259	-0.005	-	0.691	-0.777	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.009	-
Price To Free Cash Flows Ratio, P/FCF	11.1	13	12.4	-	9.6	33.2	8.31	20.9	25.2	31.3	9.57	16.7	122	146	11	199	12.8	17.2	3.95	7.12	8.32	23.2	4.58	118	17.4	14	5.55	11.1	6.05	-17.5	74	-3.07	-5.14	-7.2	-22.7	-6.19	-6.11	-10.5	10.9	-10.2	-6.47	-42	29.8	-3.11	12	-26.7	-9.73	-1.26
Price To Operating Cash Flows Ratio, P/OCF	7.6	9.56	9.11	-	7.14	16.9	5.82	7.78	12.9	17.2	6.64	10.2	48.2	49.7	8.65	17.4	8.36	11.6	3.39	4.62	5.1	13.7	3.78	7.65	11.1	8.88	4.81	7.12	4.28	11.4	5.02	12.7	7.43	72.5	5.96	8.04	7.18	11.5	4.04	11.7	13.5	13.4	8.59	-11.6	2.62	13.6	93.1	-1.29
Price Cash Flow Ratio, P/CF	7.6	9.56	9.11	-	7.14	16.9	5.82	7.78	12.9	17.2	6.64	10.2	48.2	49.7	8.65	17.4	8.36	11.6	3.39	4.62	5.1	13.7	3.78	7.65	11.1	8.88	4.81	7.12	4.28	11.4	5.02	12.7	7.43	72.5	5.96	8.04	7.18	11.5	4.04	11.7	13.5	13.4	8.59	-11.6	2.62	13.6	93.1	-1.29
Enterprise Value Multiple, EV	9.76	10.7	7.12	-	5.12	7.56	6.32	-12.7	15.3	13.3	9.99	22	21.2	17.6	9.49	13.6	11.1	10.3	6.02	7.6	13.2	11	8.84	22.2	18.7	14	9.81	17.7	23.4	38.1	16.2	24.4	91.6	53.7	10.2	-8.17	17.8	15.3	9.83	83.4	16.7	14.1	10.6	17.5	12.6	34.2	-7.26 K	17.4
Price Fair Value, P/FV	0.409	0.543	-	-	-	0.473	0.303	0.491	0.497	0.58	0.573	0.557	0.597	0.615	0.442	0.453	0.421	0.464	0.306	0.264	0.324	0.305	0.386	0.391	0.389	0.321	0.399	0.462	0.315	0.259	0.256	0.209	0.205	0.262	0.206	0.155	0.168	0.204	0.199	0.243	0.256	0.236	0.315	0.292	0.272	0.317	0.515	1.19

All numbers in RUB currency

Multiples are an important financial analysis tool for the company ОГК-2, 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.

Financial Ratios of other stocks in the Utilities regulated electric industry

Issuer	Price	% 24h	Market Cap	Country
CMS Energy Corporation CMS	$ 69.78	0.32 %	$ 21 B	USA
Edison International EIX	$ 60.18	0.07 %	$ 23.2 B	USA
Eversource Energy ES	$ 69.61	0.17 %	$ 25.8 B	USA
Evergy EVRG	$ 88.45	0.52 %	$ 20.4 B	USA
Alliant Energy Corporation LNT	$ 73.26	-0.28 %	$ 18.8 B	USA
NextEra Energy NEE	$ 86.28	-0.67 %	$ 178 B	USA
DTE Energy Company DTE	$ 138.99	0.46 %	$ 28.8 B	USA
PG&E Corporation PCG	$ 13.24	0.76 %	$ 29.1 B	USA
Consolidated Edison ED	$ 119.27	0.74 %	$ 42.6 B	USA
Астраханьэнергосбыт ASSB	-	-	-	Russia
Pinnacle West Capital Corporation PNW	$ 105.95	0.66 %	$ 12.7 B	USA
PPL Corporation PPL	$ 35.71	0.01 %	$ 26.4 B	USA
ТНС Энерго Ярославль YRSB	-	-	-	Russia
Камчатскэнерго KCHE	-	-	-	Russia
Курганская Генерирующая Компания KGKC	-	-	-	Russia
Красноярскэнергосбыт KRSB	-	-	-	Russia
Костромская сбытовая компания KTSB	-	-	-	Russia
Кубаньэнерго KUBE	-	-	-	Russia
Липецкая энергосбытовая компания LPSB	-	-	-	Russia
Магаданэнерго MAGE	-	-	-	Russia
ТНС Энерго Марий Эл MISB	-	-	-	Russia
МРСК Центра MRKC	-	-	-	Russia
Россети Сибирь MRKS	-	-	-	Russia
МРСК Урала MRKU	-	-	-	Russia
Россети Волга MRKV	-	-	-	Russia
Россети Юг MRKY	-	-	-	Russia
Россети Северо-Запад MRKZ	-	-	-	Russia
Мосэнерго MSNG	-	-	-	Russia
ТНС Энерго Нижний Новгород NNSB	-	-	-	Russia
Тамбовская энергосбытовая компания TASB	-	-	-	Russia
The Southern Company SO	$ 93.64	0.07 %	$ 103 B	USA
ТГК-1 TGKA	-	-	-	Russia
ТГК-2 п TGKBP	-	-	-	Russia
Квадра TGKD	-	-	-	Russia
ТГК-14 TGKN	-	-	-	Russia
ТНС Энерго TNSE	-	-	-	Russia
Томская распределительная компания TORS	-	-	-	Russia
Юнипро UPRO	-	-	-	Russia
Волгоградэнергосбыт VGSB	-	-	-	Russia
ТНС Энерго Воронеж VRSB	-	-	-	Russia
Якутскэнерго YKEN	-	-	-	Russia
РусГидро HYDR	-	-	-	Russia
Avangrid AGR	-	-	$ 13.9 B	USA
Дагестанская энергосбытовая компания DASB	-	-	-	Russia
Саратовэнерго SARE	-	-	-	Russia
Сахалинэнерго SLEN	-	-	-	Russia
Xcel Energy XEL	$ 80.11	-0.07 %	$ 47 B	USA
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima EDN	$ 14.44	0.7 %	$ 340 M	Argentina
American Electric Power Company AEP	$ 127.81	0.35 %	$ 68.3 B	USA
Korea Electric Power Corporation KEP	$ 11.2	-1.19 %	$ 7.19 B	South-korea

ОГК-2 Financial Ratios 2025-2005 | OGKB

Brief overview of ОГК-2's valuation multiples

Conclusion

Annual Financial Ratios ОГК-2

Price Earnings Ratio, P/E

Price Sales Ratio, P/S

Price To Book Ratio, P/B

Price Earnings To Growth Ratio, PEG

Operating Cash Flow Per Share

Free Cash Flow Per Share

Cash Per Share

Payout Ratio

Dividend Yield

Current Ratio

Quick Ratio

Cash Ratio

Days Of Sales Outstanding, DSO

Days Of Inventory Outstanding, DIO

Days Of Payables Outstanding, DPO

Operating Cycle

Cash Conversion Cycle

Gross Profit Margin

Operating Profit Margin

Pretax Profit Margin

Net Profit Margin

Effective Tax Rate

Return On Assets, ROA

Return On Equity, ROE

Return On Capital Employed, ROCE

Net Income Per Ebt

Ebt Per Ebit

Ebit Per Revenue

Debt Ratio

Debt Equity Ratio

Long Term Debt To Capitalization

Total Debt To Capitalization

Interest Coverage

Cash Flow To Debt Ratio

Company Equity Multiplier

Receivables Turnover

Payables Turnover

Inventory Turn Over

Fixed Asset Turnover

Asset Turnover

Operating Cash Flow Sales Ratio

Free Cash Flow Operating Cash Flow Ratio

Cash Flow Coverage Ratios

Short Term Coverage Ratios

Capital Expenditure Coverage Ratio

Dividend Paid And Capex Coverage Ratio

Dividend Payout Ratio

Price To Free Cash Flows Ratio, P/FCF

Price To Operating Cash Flows Ratio, P/OCF

Price Cash Flow Ratio, P/CF

Enterprise Value Multiple, EV

Price Fair Value, P/FV

Annual performance