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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 13.3% (average between last period year over year growth for revenue and EBITDA), there is acceleration compared to average historical growth rates (10.9%)
  • Dividend yield for the last twelve months 12.0%
  • Free cash flow yield 29.3% (LTM)
  • Share price is 195.3% higher than minimum and 10.5% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (1.4x vs
    )
  • Fundamental value created in LTM (estimate)
  • Taking into account the impact of the key rate 20.0% on the change in financial parameters: EBITDA adjustment is -320 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is 37 758 mln rub, expected mult is 1.4x, target mult is 1.5x, potential is +11.0%

Key Financials (Download financials)

Ticker: MRKP
Share price, RUB:  (-0.1%)0.4196
year average price 0.3489  


year start price 0.2772 2024-07-08

min close price 0.2574 2024-07-10

max close price 0.4686 2025-06-18

current price 0.4196 2025-07-07
Common stocks: 112 697 820 000
Dividend Yield:  12.0%
FCF Yield LTM: 29.3%
EV / LTM EBITDA:[с учетом прогноза: 1.3x]    1.4x
EV / EBITDA annualized: 1.0x
Last revenue growth (y/y):  11.2%
Last growth of EBITDA (y/y):  15.4%
Historical revenue growth:  12.0%
Historical growth of EBITDA:  9.9%
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-17.3%
 FCF Creation+18.0%
 Growth+0.7%
 Growth Corr-10.3%
 
 Sum-8.9%
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 47 288
Net Debt (m RUB): 2 982
EV (Enterprise Value): 50 270
EBITDA LTM (m RUB): 36 592
Net Income LTM (m RUB): 17 319
EV / LTM EBITDA: 1.4x
Net Debt / LTM EBITDA (if EBITDA > 0): 0.1x
Average daily trading volume for the week, RUB mln: 167
P / E 2.7x
P / E ann-d1.7x
P / B 0.4x
EBITDA margin ann-d 31.3%
Net income margin ann-d 17.2%

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