Try our mobile app

General information

Mosenergo PAO, also known as TGK-3, produces and distributes electricity and thermal energy within Moscow and the Moscow Region limits. The Company has a monopoly on energy in the Moscow market. Mosenergo also supplies electricity to the wholesale market. The Company operates branch offices, power stations, and electrical networks.
  • Dividend yield for the last twelve months 31.2%
  • Free cash flow yield 1.4% (LTM)
  • Share price is 21.5% higher than minimum and 55.7% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (0.8x vs
    )

Key Financials (Download financials)

Ticker: MSNG
Share price, RUB:  (-0.1%)1.593
year average price 2.0472  


year start price 2.0670 2025-08-03

max close price 2.6395 2026-01-27

min close price 1.3115 2026-07-17

current price 1.5930 2026-08-02
Common stocks: 39 749 359 700

Dividend Yield:  31.2%
FCF Yield LTM: 1.4%
EV / LTM EBITDA:0.8x
EV / EBITDA annualized: 0.4x
Target EV / EBITDA (hist percentile):
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 63 321
Net Debt (m RUB): -30 621
EV (Enterprise Value): 32 700
EBITDA LTM (m RUB): 38 780
Net Income LTM (m RUB): 22 505
EV / LTM EBITDA: 0.8x
Net Debt / LTM EBITDA (if EBITDA > 0): -0.8x
Average daily trading volume for the week, RUB mln: 79
[auto extract] P / E 2.9x
[auto extract] P / E ann-d1.2x
[auto extract] P / B 0.2x
EBITDA margin ann-d 17.0%
Net income margin ann-d 11.6%

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

MSFO data *The values are shown in mln. The % change shows the difference from the same period last year

View as Pivot Table       Export as Pivot Table (xlsx)



Income


Q Revenue Gross profit Operating income Net income PercentProfit PercentLoss
 
2026 q1 118 359+31%   16 073+29% 13 731+20% 1 379-32% -294+34%
2025 q4 72 672+11%   -3 793>+200% -1 706<-100% 1 983+3% -756>+200%
2025 q3 72 672+11%   -3 793>+200% -1 706<-100% 1 983+3% -756>+200%
2025 q1 90 455   12 422 11 412 2 026 -219
2024 q4 65 744-63%   -458<-100% 2 112-55% 1 927+61% -250+5%
2024 q3 65 744+68%   -458-94% 2 112<-100% 1 927+56% -250+31%
2023 q4 178 578+129%   5 294-21% 4 719-5% 1 201-17% -237-38%
2023 q3 39 198+8%   -7 519+161% -4 834>+200% 1 234+9% -190-63%
2023 q2 43 193+1%   -2 557+35% -934+22% 1 198-37% -164-56%
2023 q1 43 193-43%   -2 557<-100% -934<-100% 1 198-16% -164-71%
2022 q4 77 834+11%   6 692<-100% 4 945<-100% 1 452+29% -385-2%
2022 q3 36 270-4%   -2 884-6% -1 290-25% 1 131+26% -513+35%
2022 q2 42 604+8%   -1 894>+200% -766+105% 1 909+163% -375+11%
2022 q1 75 173-4%   15 282+33% 13 080+39% 1 433+115% -572+75%
2021 q4 69 841+19%   -5 428<-100% -4 447<-100% 1 124+16% -392-13%
2021 q3 37 665+29%   -3 080+13% -1 726+38% 899-17% -380-36%
2021 q2 39 620+20%   -404-24% -373<-100% 726-54% -337-35%
2021 q1 78 032+30%   11 498+57% 9 440+66% 668-26% -327-75%
2020 q4 58 800+4%   3 537<-100% 2 701<-100% 965-15% -450+74%
2020 q3 29 156-1%   -2 718+99% -1 248>+200% 1 085-30% -592+53%
2020 q2 33 153-10%   -529<-100% 896-57% 1 581+30% -518+150%
2020 q1 59 799-11%   7 308-41% 5 696-47% 902-35% -1 315>+200%
2019 q4 56 399-10%   -6 061-97% -3 025<-100% 1 131-15% -258-62%
2019 q3 29 523+4% 321<-100% -1 365-11% -106-91% 1 542+11% -386-65%
2019 q2 36 763+4% 40<-100% 1 554-48% 2 068-17% 1 218-3% -207-78%
2019 q1 67 092-7%   12 485-20% 10 662-16% 1 384+18% -202-73%
2018 q4 62 882+4%   -189 457<-100% 7 375-8% 1 327+5% -672-1%
2018 q3 28 320-9% -421<-100% -1 533<-100% -1 202<-100% 1 394+8% -1 114+37%
2018 q2 35 471-7% -126 3 008-35% 2 490-21% 1 254+32% -939-42%
2018 q1 72 197+9%   15 545+17% 12 742+12% 1 168-34% -750-16%
2017 q4 60 711-4%   9 730-47% 7 980-51% 1 263-83% -680-80%
2017 q3 31 164<-100% 27 1 565<-100% 2 294<-100% 1 287<-100% -812<-100%
2017 q2 38 125+15%   4 625>+200% 3 166+74% 951+1% -1 630+149%
2017 q1 66 056+6%   13 290+38% 11 362+38% 1 770+150% -892+19%
2016 q4 63 008+11%   18 520<-100% 16 129<-100% 7 448+27% -3 344-25%
2016 q3 -63 924<-100%   -13 429+195% -12 712+113% -783<-100% 821<-100%
2016 q2 33 172+1%   926+108% 1 815+128% 940-57% -654-57%
2016 q1 62 596>+200%   9 619+22% 8 206+10% 707>+200% -750-38%
2015 q4 56 849+5%   -5 691>+200% -4 042-39% 5 879<-100% -4 464+55%
2015 q3 25 988+7%   -4 550+20% -5 963+62% 702+150% -3 695>+200%
2015 q2 32 685+10%   446<-100% 797>+200% 2 202+61% -1 505>+200%
2015 q1 7 433-86%   7 880+16% 7 430+1% 157-96% -1 219-60%
2014 q4 53 944-66%   -487<-100% -6 612<-100% -3 557<-100% -2 883>+200%
2014 q3 24 400<-100%   -3 801-77% -3 684-45% 281<-100% -1 230<-100%
2014 q2 29 766-65%   -916<-100% 201-95% 1 368>+200% -202-47%
2014 q1 53 322+100% 1 261+29% 6 775-25% 7 355<-100% 4 394>+200% -3 046>+200%
2013 q4 157 1390%   6 5340% 6 3130% 1 6080% -132+3%
2013 q3 -111 200>+200%   -16 200+73% -6 642-11% -450-19% 590+61%
2013 q2 84 693<-100%   5 733<-100% 4 358<-100% 4250% -378+5%
2013 q1 0<-100% 977 9 004+50% -2<-100% 16-98% -16-75%
2012 q4 157 139-2%   6 534-40% 6 316-36% 1 608+26% -128-35%
2012 q3 -5 286   -9 356 -7 464 -553 367
2012 q2 -27 620   -44 -133 427 -361
2012 q1 58 026   5 984 5 302 780 -64
2011 q4 161 119   10 887 9 892 1 277 -198


Balance


Implied interest rate for 2019 q4:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (258 - 1 131) * 4 / (14 305 - 0)

Q Total equity Total assets Net debt Implied interest rate NetDebt / LTM EBITDA
 
2026 q1 321 957 374 850 -30 621   -0.79x
2025 q4 378 920+1% 447 1650% -27 445-10%   -1.10x
2025 q3         -1.10x
2025 q1         -1.11x
2024 q4 374 581-4% 448 184-4% -30 459-21%   -1.11x
2024 q3         -1.36x
2023 q4 391 439 465 650 -38 607    
2023 q3 395 628-2% 460 996-4% -44 000    
2023 q2 400 439-1% 473 998-2% -48 126    
2023 q1          
2022 q4          
2022 q3 403 946+22% 481 346+20%      
2022 q2 403 946+22% 481 346+17%      
2022 q1 329 044-3% 393 130-5% -31 230+56%   1.66x
2021 q4 315 964-4% 379 058-7% -34 328+47%   0.47x
2021 q3 330 207+1% 402 133-1% -27 599+18%   0.29x
2021 q2 331 933+1% 410 568-2% -32 666+46%   0.13x
2021 q1 339 413+2% 414 049-1% -20 047+186%   0.43x
2020 q4 329 791+1% 406 991-1% -23 274<-100%   0.42x
2020 q3 327 682+17% 407 337+21% -23 328-34%   -1.29x
2020 q2 329 028+17% 416 915+21% -22 430-48%   -1.22x
2020 q1 332 224+15% 417 646+21% -7 004-66%   1.10x
2019 q4 326 450+18% 412 681+26% 14 305<-100% -24.4% 0.91x
2019 q3 280 408+3% 335 488+3% -35 106+59%   -0.80x
2019 q2 281 439+3% 344 251+5% -43 470+195%   -0.99x
2019 q1 287 691+3% 344 649+1% -20 459+94%   -0.54x
2018 q4 277 027+4% 328 159-2% -21 439<-100%   -0.52x
2018 q3 271 795+5% 325 979-1% -22 088>+200%   -0.54x
2018 q2 272 982+6% 327 639+1% -14 712<-100%   -0.33x
2018 q1 279 094+9% 342 637-1% -10 566<-100%   -0.23x
2017 q4 266 352+9% 334 847-2% 2 961<-100% -78.8% 0.07x
2017 q3 258 379+8% 328 450-1% -3 199-80%   -0.08x
2017 q2 256 414+7% 325 989-3% 4 616<-100% 58.8% 0.12x
2017 q1 256 795+5% 347 079+2% 13 551 -25.9% 0.39x
2016 q4 245 433+2% 341 274-2% -25 154+103%   0.57x
2016 q3 238 899<-100% 331 7240% -16 362-73%   1.50x
2016 q2 239 690-4% 337 067-4% -21 155+66%   1.28x
2016 q1 245 433-1% 341 132-2%     1.62x
2015 q4 241 695 348 198 -12 369   2.16x
2015 q3 -279 3640% 330 407 -60 824   1.74x
2015 q2 248 581-3% 349 534-4% -12 759-7%   1.73x
2015 q1 249 128-5% 347 8750% -7 142+57%   3.06x
2014 q4          
2014 q3 -280 629<-100%        
2014 q2 257 146+22% 363 263+33% -13 7130%    
2014 q1 263 398+24% 347 914+26% -4 540-75%    
2013 q4 259 122+26% 338 956+27% -2 675-84%    
2013 q3 208 634+1% 268 767 -5 621    
2013 q2 210 086+2% 272 391 -13 652    
2013 q1 212 991+4% 275 139 -18 430    
2012 q4 205 636+3% 267 744 -16 934    
2012 q3 205 636        
2012 q2 205 636        
2012 q1 205 636        
2011 q4 200 033        


Cashflow


Q Operating cashflow Investing cashflow Financial cashflow
 
2026 q1 6 212+2% -6 114+2% -98-12%
2025 q4 3 753-17% -3 642+26% -111-93%
2025 q3 3 753-17% -3 642+26% -111-93%
2025 q1 6 103 -5 992 -111
2024 q4 4 513-62% -2 880-62% -1 689-17%
2024 q3 4 513-64% -2 880 -1 689-56%
2023 q4 11 885+159% -7 649 -2 026>+200%
2023 q3 12 486-16%   -3 865-57%
2023 q2 4 121-48% -9 324<-100% -147-98%
2023 q1   -9 324+145% -147+15%
2022 q4 4 582-54%   -179-97%
2022 q3 14 849+136%   -9 006+142%
2022 q2 7 929-40% 1 842<-100% -7 711
2022 q1 3 992-15% -3 804-40% -128+33%
2021 q4 9 932>+200% -12 924>+200% -5 723-25%
2021 q3 6 283-19% -4 385<-100% -3 718-54%
2021 q2 13 289-18% -2 871-75%  
2021 q1 4 686+83% -6 361+101% -96>+200%
2020 q4 1 428-32% -2 698-93% -7 677<-100%
2020 q3 7 727+72% 2 163<-100% -8 149-3%
2020 q2 16 202-6% -11 674+180% -803+28%
2020 q1 2 559-58% -3 168+48% -17-55%
2019 q4 2 101-72% -38 160+106% 22 022
2019 q3 4 495-53% -2 998+52% -8 371<-100%
2019 q2 17 229+29% -4 170+81% -628-95%
2019 q1 6 122+22% -2 135<-100% -38-99%
2018 q4 7 567-32% -18 523+9%  
2018 q3 9 615-8% -1 967-8% 0<-100%
2018 q2 13 388-2% -2 300<-100% -12 079-50%
2018 q1 5 025-27% 8 684<-100% -7 500>+200%
2017 q4 11 061-15% -16 974-3% -940+19%
2017 q3 10 408>+200% -2 147-56% 240<-100%
2017 q2 13 692+41% 15 068<-100% -24 213>+200%
2017 q1 6 906-14% -2 527>+200% -8<-100%
2016 q4 13 023<-100% -17 575<-100% -789<-100%
2016 q3 893-96% -4 846-70% -28-98%
2016 q2 9 723+8% -698-72% -2 924<-100%
2016 q1 8 051+26% -549-94% 160<-100%
2015 q4 -14 159<-100% 3 098<-100% 1 732<-100%
2015 q3 20 656<-100% -15 950+63% -1 407<-100%
2015 q2 9 039<-100% -2 477-51% 4 920-71%
2015 q1 6 375+70% -9 686+42% -6 166<-100%
2014 q4 19 171>+200% -779 -28 082<-100%
2014 q3 -7 052<-100% -9 775+25% 21 998<-100%
2014 q2 -2 234<-100% -5 054+149% 16 902<-100%
2014 q1 3 759-46% -6 813+11% 4 920<-100%
2013 q4 767-35%   7 144>+200%
2013 q3 1 009<-100% -7 802-11% -1 441<-100%
2013 q2 3 296-55% -2 026-69% -1 170>+200%
2013 q1 6 995+108% -6 158+24% -20
2012 q4 1 173-72%   219<-100%
2012 q3 -1 309 -8 812 425
2012 q2 7 259 -6 588 -44
2012 q1 3 366 -4 968  
2011 q4 4 141   -688
RSBU data *The values are shown in mln. The % change shows the difference from the same period last year

View as Pivot Table       Export as Pivot Table (xlsx)



Income


Q Revenue Gross profit Operating income Net income PercentProfit PercentLoss
 
2026 q2 60 786+15% -1 843>+200% -2 352>+200% -1 395<-100% 1 181-40% -149+75%
2026 q1 118 166+31% 16 859+36% 16 331+37% 13 053+26% 999-49% -112+33%
2025 q4 73 174+12% 1 144-71% 477-86% -150<-100% 1 856-7% -94+9%
2025 q2 52 797 -81 -601 647 1 977 -86
2025 q1 90 235 12 396 11 895 10 339 1 959 -85
2024 q4 65 4900% 3 986-41% 3 431-44% 2 713-44% 1 993+70% -86-4%
2023 q4 65 629-10% 6 708-30% 6 116-32% 4 884+10% 1 172+34% -90-7%
2023 q3 51 660+43% 2 622<-100% 2 102<-100% 2 716<-100% 1 083+45% -92-11%
2023 q2 64 232+51% 7 768>+200% 7 270>+200% 6 775+145% 1 025-45% -93-56%
2022 q4 73 083+5% 9 645-14% 8 931-5% 4 430-27% 874 -97
2022 q3 36 219-4% -2 505+40% -2 926+64% -1 163-6% 746 -103
2022 q2 42 451+7% 1 208+12% 730-32% 2 764+110% 1 849 -211
2022 q1 75 205-4% 13 364-6% 12 978-6% 14 693+27% 1 392+131% -351+120%
2021 q4 69 520+18% 11 254+25% 9 447+32% 6 106-2%    
2021 q3 37 538+29% -1 788-20% -1 788-20% -1 239+120%    
2021 q2 39 664+20% 1 077+31% 1 077+31% 1 316-26%    
2021 q1 78 071+30% 14 209+49% 13 816+45% 11 551+69% 603 -159
2020 q4 58 790+5% 9 016+39% 7 136+10% 6 221+17%    
2020 q3 29 176-2% -2 244+15% -2 244+15% -563+132%    
2020 q2 33 172-10% 823-32% 823-32% 1 7870%    
2020 q1 59 875-11% 9 551-19% 9 551-19% 6 821-36%    
2019 q4 56 160-11% 6 481-35% 6 481-35% 5 298-43%    
2019 q3 29 640+4% -1 958+132% -1 958+132% -242-76%    
2019 q2 36 819+4% 1 212-66% 1 212-66% 1 792-31%    
2019 q1 67 163-7% 11 791-25% 11 791-25% 10 580-18%    
2018 q4 62 859 9 982 9 982 9 339    
2018 q3 28 419 -843 -843 -1 026    
2018 q2 35 513 3 546 3 546 2 588    
2018 q1 72 255 15 656 15 656 12 868    


Balance


Q Total equity Total assets Net debt
 
2026 q2 348 960 420 622  
2026 q1 361 155 430 970  
2025 q4 348 102 409 595  
2025 q2      
2025 q1      
2024 q4      
2023 q4 332 752+4% 395 689+4% -38 663+11%
2023 q3 325 700+2% 376 171-1% -44 519
2023 q2 327 021+2% 384 820+1% -48 021
2022 q4 320 884 379 597 -34 777-13%
2022 q3 320 884 379 597  
2022 q2 320 884 379 597  
2022 q1 323 848+5% 388 833+4% -36 005-10%
2021 q4     -39 958+29%
2021 q3     -32 476+5%
2021 q2     -37 521+21%
2021 q1 309 155 372 530 -39 958+29%
2020 q4     -31 001+106%
2020 q3     -31 001+106%
2020 q2     -31 001+106%
2020 q1     -31 001+106%
2019 q4     -15 046-36%
2019 q3     -15 046-36%
2019 q2     -15 046-36%
2019 q1     -15 046-36%
2018 q4     -23 531
2018 q3     -23 531
2018 q2     -23 531
2018 q1     -23 531
More information for subscribed users:
detailed calculation of
Potential and Created Value,
commodities affecting the company