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General information

Interregional Distribution Grid Co of Centrer and Volga Region PJSC distributes electrical power to residential and industrial customers.
  • Good financial results growth rate 16.9% (average between last period year over year growth for revenue and EBITDA), there is acceleration compared to average historical growth rates (12.2%)
  • Dividend yield for the last twelve months 19.8%
  • Free cash flow yield 15.4% (LTM)
  • Share price is 256.9% higher than minimum and 3.8% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (1.6x vs
    )
  • Fundamental value created in LTM (estimate)
  • Taking into account the impact of the key rate 18.0% on the change in financial parameters: EBITDA adjustment is -109 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is 40 317 mln rub, expected mult is 1.5x, target mult is 1.5x, potential is +2.7%

Key Financials (Download financials)

Ticker: MRKP
Share price, RUB:  (-0.8%)0.5071
year average price 0.3768  


year start price 0.2909 2024-08-31

min close price 0.2761 2024-09-02

max close price 0.5269 2025-08-05

current price 0.5071 2025-08-31
Common stocks: 112 697 820 000
Dividend Yield:  19.8%
FCF Yield LTM: 15.4%
EV / LTM EBITDA:[с учетом прогноза: 1.5x]    1.6x
EV / EBITDA annualized: 1.4x
Last revenue growth (y/y):  13.5%
Last growth of EBITDA (y/y):  20.4%
Historical revenue growth:  12.6%
Historical growth of EBITDA:  11.8%
Target EV / EBITDA (hist percentile):
Express share price potential:
Fundamental value created in LTM:
Fundamental value created in LTM:
[с учетом прогноза фин показателей]
 Mult Upside-30.8%
 FCF Creation+7.8%
 Growth+0.7%
 Growth Corr-11.5%
 
 Sum-33.8%
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 57 149
Net Debt (m RUB): 3 474
EV (Enterprise Value): 60 623
EBITDA LTM (m RUB): 39 108
Net Income LTM (m RUB): 17 584
EV / LTM EBITDA: 1.6x
Net Debt / LTM EBITDA (if EBITDA > 0): 0.1x
Average daily trading volume for the week, RUB mln: 21
P / E 3.3x
P / E ann-d2.9x
P / B 0.5x
EBITDA margin ann-d 30.5%
Net income margin ann-d 14.1%

Revenue and EBITDA

Quarterly values (m RUB)

Change (y/y)

Cash Flow

FCF (m RUB), before FX effects elimination

Net Debt / Cash and Equivalents (m RUB)

Share price and dividends (Download history)

Share price

Payment RUB per share

Multiple and potential

EV / LTM EBITDA and 50% percentile

Potential dynamics

Daily trade volumes

Millions of RUB

P/B and P/E multipliers

P / B

P / E

More information for subscribed users:
detailed calculation of
Potential and Created Value,
commodities affecting the company