FSK-Rosseti PAO
MOEX:FEES

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FSK-Rosseti PAO
MOEX:FEES
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Price: 0.0683 RUB -2.01% Market Closed
Market Cap: ₽160.8B

EV/IC

0.1
Current
14%
Cheaper
vs 3-y average of 0.2

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
0.1
=
Enterprise Value
₽463.2B
/
Invested Capital
₽3.1T

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
0.1
=
Enterprise Value
₽463.2B
/
Invested Capital
₽3.1T

Valuation Scenarios

FSK-Rosseti PAO is trading below its 3-year average

If EV/IC returns to its 3-Year Average (0.2), the stock would be worth ₽0.08 (16% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+472%
Average Upside
230%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 0.1 ₽0.07
0%
3-Year Average 0.2 ₽0.08
+16%
5-Year Average 0.2 ₽0.1
+49%
Industry Average 0.8 ₽0.39
+472%
Country Average 0.7 ₽0.33
+382%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
RU
FSK-Rosseti PAO
MOEX:FEES
160.8B RUB 0.1 -2.9
US
Nextera Energy Inc
NYSE:NEE
196.3B USD 1.4 24
ES
Iberdrola SA
MAD:IBE
129.7B EUR 1.1 20.5
IT
Enel SpA
MIL:ENEL
99.8B EUR 0.9 23.1
US
Constellation Energy Corp
NASDAQ:CEG
107.6B USD 2.3 40
US
Southern Co
NYSE:SO
102.8B USD 1.1 23.7
US
Duke Energy Corp
NYSE:DUK
98.4B USD 1 20
US
American Electric Power Company Inc
NASDAQ:AEP
72.7B USD 1.1 20.3
FR
Electricite de France SA
PAR:EDF
46.6B EUR 0.2 -2.5
US
Entergy Corp
NYSE:ETR
51.9B USD 1.2 29.5
US
Xcel Energy Inc
NASDAQ:XEL
49.2B USD 1.1 24.4
P/E Multiple
Earnings Growth PEG
RU
FSK-Rosseti PAO
MOEX:FEES
Average P/E: 25.1
Negative Multiple: -2.9
N/A N/A
US
Nextera Energy Inc
NYSE:NEE
24
13%
1.8
ES
Iberdrola SA
MAD:IBE
20.5
7%
2.9
IT
Enel SpA
MIL:ENEL
23.1
25%
0.9
US
Constellation Energy Corp
NASDAQ:CEG
40
40%
1
US
Southern Co
NYSE:SO
23.7
12%
2
US
Duke Energy Corp
NYSE:DUK
20
7%
2.9
US
American Electric Power Company Inc
NASDAQ:AEP
20.3
5%
4.1
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -2.5 N/A N/A
US
Entergy Corp
NYSE:ETR
29.5
13%
2.3
US
Xcel Energy Inc
NASDAQ:XEL
24.4
16%
1.5

Market Distribution

Lower than 90% of companies in Russia
Percentile
10th
Based on 199 companies
10th percentile
0.1
Low
0 — 0.4
Typical Range
0.4 — 1.3
High
1.3 —
Distribution Statistics
Russia
Min 0
30th Percentile 0.4
Median 0.7
70th Percentile 1.3
Max 666 427.2

FSK-Rosseti PAO
Glance View

Market Cap
160.8B RUB
Industry
Utilities

FSK-Rosseti PAO, operating in the vast expanses of Russia, is the powerhouse behind the country’s electricity grid. Born from a merger between Federal Grid Company (FSK EES) and Russian Grids (Rosseti), it stands as one of the titans in the Russian energy sector. The company’s mainstay lies in its transmission infrastructure, playing a pivotal role in ensuring electricity flows seamlessly from producers to consumers across the nation's colossal network. By owning and operating the transmission lines and substations, FSK-Rosseti is at the center of the electrical supply chain, serving industrial, commercial, and residential users alike. The complex orchestration of high-voltage grids across a vast and sometimes harsh landscape underscores its strategic importance to Russia’s energy security and economic stability. From a business perspective, FSK-Rosseti generates revenue primarily through tariffs regulated by Russian authorities. These tariffs dictate the cost structure for transmitting electricity over the high-voltage network, ensuring that the grid remains profitable while meeting governmental oversight requirements. The company is also committed to modernizing its infrastructure through significant capital expenditure, enhancing efficiency, and reducing transmission losses. Investments in smart grid technologies and sustainable energy initiatives further solidify its position within the evolving energy landscape. By balancing regulatory mandates with innovation and modernization efforts, FSK-Rosseti endeavors not only to maintain but also to enhance its critical role in powering Russia’s growth and development.

FEES Intrinsic Value
0.5542 RUB
Undervaluation 88%
Intrinsic Value
Price ₽0.0683
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