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General information

Rosseti Lenenergo is a Russian electricity distribution company. PAO Rosseti owns 68.22% of the company's shares
  • Dividend yield for the last twelve months 2.8%
  • Free cash flow yield 12.0% (LTM)
  • Share price is 201.8% higher than minimum and 48.0% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (4.4x vs
    )

Key Financials (Download financials)

Ticker: LSNG
Share price, RUB:  (+0.5%)15.51
year average price 14.29  


year start price 14.09 2024-09-18

min close price 11.14 2024-11-27

max close price 18.01 2025-02-25

current price 15.52 2025-09-17
Share price (preferred), RUB:  (+0.7%)258
Common stocks: 8 523 790 000
Dividend Yield:  2.8%
FCF Yield LTM: 12.0%
EV / LTM EBITDA:4.4x
EV / EBITDA annualized: 3.3x
Target EV / EBITDA (hist percentile):
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 156 265
Net Debt (m RUB): -21 572
EV (Enterprise Value): 134 693
EBITDA LTM (m RUB): 30 590
Net Income LTM (m RUB): 10 949
EV / LTM EBITDA: 4.4x
Net Debt / LTM EBITDA (if EBITDA > 0): -0.7x
Average daily trading volume for the week, RUB mln: 4
P / E 14.3x
P / E ann-d8.9x
P / B 0.7x
EBITDA margin ann-d 64.2%
Net income margin ann-d 27.7%

Revenue and EBITDA

Semi-Annual 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 RUB 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
 
2025 H1 31 689+17%   10 267+5% 8 787+5% 1 560+126% -281-24%
2024 H2 62 587+13%   188-97% 2 163-66% 1 996+49% -790>+200%
2024 H1 27 034-50%   9 822-37% 8 331-38% 691-29% -368+156%
2023 H2 55 306+13%   6 569-64% 6 400-56% 1 344+8% -97-96%
2023 H1 53 536+152%   15 551+159% 13 490+147% 978>+200% -144<-100%
2022 H2 49 130+5%   18 442+99% 14 406+101% 1 248+123% -2 226>+200%
2022 H1 21 255-6%   6 011-22% 5 457-10% 231+88% 231<-100%
2021 H2 46 966+9%   9 255-10% 7 152-3% 559+101% -652-61%
2021 H1 ( 9072 , 9074 ) 22 528+16%   7 682+22% 6 036+30% 123-9% -448+3%
2020 H2 ( 9067 , 9070 ) 43 250-48%   10 311-40% 7 366>+200% 278-71% -1 676-40%
2020 H1 ( 9063 , 9065 ) 19 404+3%   6 295+20% 4 637+19% 135-46% -435-34%
2019 H2 82 665   17 214 2 207 971 -2 802
2019 H1 18 911   5 256 3 913 249 -654


Balance


Implied interest rate for 2023 H2:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (97 - 1 344) * 2 / (3 166 - 0)

Q Total equity Total assets Net debt Implied interest rate NetDebt / LTM EBITDA
 
2025 H1 213 674+9% 304 762+10% -21 572   -0.71x
2024 H2 199 188+9% 299 209+12% -9 659<-100%   -0.23x
2024 H1 196 929+11% 276 722+7%     -0.06x
2023 H2 183 507+11% 267 880+5% 3 166-72% -78.8% 0.08x
2023 H1 177 078+10% 257 680+7% 595-95% -280.2% 0.13x
2022 H2 165 787+7% 255 083+9% 11 388-94% 17.2% 0.33x
2022 H1 161 353+2% 241 159+2% 11 857-93%   0.45x
2021 H2 154 580+2% 234 954+6% 179 317+2% 0.7% 0.86x
2021 H1 ( 9072 , 9074 ) 158 665+10% 236 907+10% 177 802>+200% 3.4% 0.43x
2020 H2 ( 9067 , 9070 ) 151 105 221 820 175 365 11.5% 0.99x
2020 H1 ( 9063 , 9065 ) 144 872 215 014 20 936 2.9% 0.77x
2019 H2         0.77x
2019 H1         0.81x


Cashflow


Q Operating cashflow Investing cashflow Financial cashflow
 
2025 H1 30 686+14% -31 393+52% -16 027+59%
2024 H2   -19 946+8%  
2024 H1 26 901+3% -20 593+44% -10 063-36%
2023 H2 23 525+7% -18 515-3% 7 261+112%
2023 H1 26 019+13% -14 291+62% -15 820+45%
2022 H2 22 060+37% -19 000-19% 3 431-44%
2022 H1 22 9260% -8 834-5% -10 882+20%
2021 H2 16 142+4% -23 317>+200% 6 172+97%
2021 H1 ( 9072 , 9074 ) 22 894+70% -9 317-47% -9 059+60%
2020 H2 ( 9067 , 9070 ) 15 500+86% -5 651-4% 3 132
2020 H1 ( 9063 , 9065 ) 13 463-16% -17 583+41% -5 675+8%
2019 H2 8 349 -5 871  
2019 H1 15 948 -12 510 -5 251
RSBU data *The values are shown in mln RUB 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
 
2025 q2 31 679+18% 10 259+38% 10 245+38% 8 488+2% 1 816+73% -96>+200%
2025 q1 36 771+11% 13 039+5% 13 031+5% 11 456+12% 1 718+110% -100>+200%
2024 q4 -88 349+14%          
2024 q3 28 494+17% 9 029+26% 9 015+26% 7 378+46% 1 042+198% -25-5%
2024 q2 26 771+6% 7 457-3% 7 447-3% 8 335+37% 1 050+192% -26-8%
2024 q1 33 084+17% 12 393+30% 12 384+30% 10 261+30% 819+170% -25-64%
2023 q4 -77 774+15%          
2023 q3 24 252+11% 7 176+12% 7 159+13% 5 067+15% 349+26% -27-18%
2023 q2 25 264+19% 7 666+32% 7 654+34% 6 080+26% 360-3% -29-49%
2023 q1 28 258+14% 9 523+32% 9 516+33% 7 909+45% 303-14% -69-27%
2022 q4 -67 8710%          
2022 q3 21 802+3% 6 407+8% 6 350+8% 4 394-10% 278+70% -32-41%
2022 q2 21 259-6% 5 822-26% 5 729-26% 4 841-14% 372>+200% -56-30%
2022 q1 24 810+3% 7 191-1% 7 180-1% 5 460-3% 353+196% -95-52%
2021 q4 -67 721+15%          
2021 q3 21 216+10% 5 949+7% 5 885+7% 4 891+16% 163+114% -55+43%
2021 q2 22 500+26% 7 862+75% 7 765+76% 5 654+72% 117+16% -80-13%
2021 q1 24 005+11% 7 242+15% 7 228+15% 5 615+30% 119+10% -197+35%
2020 q4 ( 9066 , 9068 ) -58 826          
2020 q3 19 372-1% 5 541-1% 5 481-2% 4 212+27% 77-57% -39-86%
2020 q2 17 841-10% 4 500-23% 4 410-24% 3 294-15% 100-42% -92-70%
2020 q1 21 613 6 280 6 275 4 318 108 -146
2019 q4            
2019 q3 19 488 5 625 5 592 3 321 179 -275
2019 q2 19 900 5 850 5 807 3 898 174 -303


Balance


Implied interest rate for 2023 q3:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (27 - 349) * 4 / (2 397 - 0)

Q Total equity Total assets Net debt
 
2025 q2 219 008+10% 336 961+13% -22 197+102%
2025 q1 216 457+10% 331 670+12% -23 307>+200%
2024 q4     -13 083<-100%
2024 q3 206 771+12% 300 059+7% -10 841<-100%
2024 q2 199 394+11% 297 966+7% -10 974>+200%
2024 q1 196 715+12% 295 539+8% -6 187<-100%
2023 q4     2 566-75%
2023 q3 184 723-7% 281 743-3% 2 397-75%
2023 q2 179 656-8% 277 721-4% -206<-100%
2023 q1 175 799-10% 273 079-5% 5 794-59%
2022 q4     10 434-54%
2022 q3 199 631+7% 289 054+6% 9 501-44%
2022 q2 195 210+8% 288 017+10% 10 592-22%
2022 q1 195 314+9% 286 718+12% 14 296-35%
2021 q4     22 546-17%
2021 q3 185 915+9% 271 905+9% 16 902-10%
2021 q2 180 989+9% 262 599+7% 13 599-24%
2021 q1 178 620 256 949 21 970
2020 q4 ( 9066 , 9068 )     27 270+30%
2020 q3 170 994 248 469 18 761
2020 q2 166 220 245 489 17 854
2020 q1      
2019 q4     20 924
2019 q3      
2019 q2      
More information for subscribed users:
detailed calculation of
Potential and Created Value,
commodities affecting the company