Intangible Assets - Dal'nevostochnaya Energeticheskaya Kompaniya PAO (MOEX:DVEC)

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Price: 1.85 RUB 0.43%

Market Cap: 31.9B RUB

Dal'nevostochnaya Energeticheskaya Kompaniya PAO
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Dal'nevostochnaya Energeticheskaya Kompaniya PAO
Intangible Assets Peer Comparison

	Intangible Assets	CAGR 3Y	CAGR 5Y	CAGR 10Y
Dal'nevostochnaya Energeticheskaya Kompaniya PAO MOEX:DVEC	Intangible Assets N/A	CAGR 3-Years N/A	CAGR 5-Years N/A	CAGR 10-Years N/A
Rosseti Kuban' PAO MOEX:KUBE	Intangible Assets ₽383.3m	CAGR 3-Years 16%	CAGR 5-Years 11%	CAGR 10-Years N/A
Rosseti Moskovskiy Region PAO MOEX:MSRS	Intangible Assets ₽5.8B	CAGR 3-Years 2%	CAGR 5-Years 8%	CAGR 10-Years N/A
Rosseti Lenenergo PAO MOEX:LSNG	Intangible Assets ₽1.2B	CAGR 3-Years 24%	CAGR 5-Years 9%	CAGR 10-Years N/A
Inter RAO YEES PAO MOEX:IRAO	Intangible Assets ₽79.6B	CAGR 3-Years 7%	CAGR 5-Years 50%	CAGR 10-Years 22%
FSK-Rosseti PAO MOEX:FEES	Intangible Assets ₽31.1B	CAGR 3-Years 59%	CAGR 5-Years 36%	CAGR 10-Years 14%

Dal'nevostochnaya Energeticheskaya Kompaniya PAO
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Market Cap

31.9B RUB

Industry

Utilities

Far Eastern Energy Co. PJSC is a holding company, which engages in the supply and distribution of electricity. The company is headquartered in Vladivostock, Primorskiy Kray. The company went IPO on 2007-10-26. The firm was created as a result of the reorganization of Amurenergo OAO. The company operates through four energy sales branches: Dal'energosbyt in Primorye, Khabarovskenergosbyt, Amurenergosbyt and Energosbyt of the Jewish Autonomous Region, as well as one representative office in Moscow. The firm has numerous subsidiaries located countrywide, which include one core company: Far Eastern Generation Company OJSC.

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What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

Dal'nevostochnaya Energeticheskaya Kompaniya PAO
MOEX:DVEC

Dal'nevostochnaya Energeticheskaya Kompaniya PAO
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Dal'nevostochnaya Energeticheskaya Kompaniya PAO
Intangible Assets Peer Comparison

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Dal'nevostochnaya Energeticheskaya Kompaniya PAO MOEX:DVEC

Dal'nevostochnaya Energeticheskaya Kompaniya PAO Intangible Assets

Dal'nevostochnaya Energeticheskaya Kompaniya PAO Intangible Assets Peer Comparison

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Dal'nevostochnaya Energeticheskaya Kompaniya PAO
MOEX:DVEC

Dal'nevostochnaya Energeticheskaya Kompaniya PAO
Intangible Assets

Dal'nevostochnaya Energeticheskaya Kompaniya PAO
Intangible Assets Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Dal'nevostochnaya Energeticheskaya Kompaniya PAO
Glance View