FGC ROSSETI

FGC ROSSETI

MMOEX:FEES
0.06
RUB
+0.00
(-3.22%)
4.21P/E
Nov 27Next Earn
2008 Y
2009 Y
2010 Y
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
TTM
Revenue per Share
0.09
0.08
0.09
0.11
0.11
0.13
0.14
0.15
0.2
0.19
0.2
0.2
0.19
0.2
Basic EPS, GAAP
-0.03
-0.05
0.02
0.04
0.01
-0.19
-0.02
0.04
0.05
0.07
0.07
0.07
0.05
0.04
Free Cash Flow per Basic Share
-0.13
-0.05
-0.07
-0.07
-0.07
-0.04
0.01
0.02
0.03
0.03
0.03
0.03
0.02
0.02
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
0.01
0.02
0.01
0.02
0.02
0.02
Book Value per Share
0.47
0.63
0.71
0.71
0.72
0.44
0.45
0.49
0.55
0.6
0.67
0.72
0.75
0.78
Tangible Book Value per Share
0.46
0.63
0.7
0.71
0.71
0.43
0.45
0.49
0.55
0.6
0.66
0.71
0.75
0.77
Basic Weighted Avg Shares
776,157
1,153,514
1,228,079
1,242,513
1,246,807
1,253,587
1,260,938
1,260,938
1,260,938
1,260,938
1,260,938
1,260,938
1,260,938
1,260,938
Sales/Revenue/Turnover
69,251
87,580
113,330
139,571
140,313
157,970
174,800
185,924
255,603
241,096
252,584
248,731
236,266
246,009
Operating Margin (%)
77.03
-101.64
20.82
29.4
23.91
18.51
29.53
32.01
39.44
44.63
38.59
38.21
33.31
31.02
Depreciation Expense
16,667
17,670
31,054
34,052
44,479
57,636
47,138
40,928
40,727
29,648
33,500
37,868
40,964
44,311
Net Income, GAAP
-23,784
-61,196
19,009
49,139
7,298
-233,101
-21,581
44,768
68,159
87,744
92,809
86,598
59,379
55,610
Effective Tax Rate (%)
- -
- -
23.83
22.07
19.5
- -
- -
21.66
12.87
20.19
19.34
21.02
21.59
22.7
Profit Margin (%)
-34.34
-69.87
16.77
35.21
5.2
-147.56
-12.35
24.08
26.67
36.39
36.74
34.82
25.13
22.6
Working Capital
64,179
44,324
131,230
39,637
22,019
18,535
-8,292
22,698
18,958
15,483
57,626
23,413
30,207
66,838
LT Debt
17,318
6,000
50,000
130,778
193,200
257,964
233,291
250,076
236,954
233,862
224,585
208,343
219,850
230,200
Total Equity
592,063
801,548
874,104
898,107
905,169
548,297
573,231
619,638
698,200
757,146
839,162
901,784
950,986
980,918
Return on Invested Capital (%)
- -
- -
2.06
3.26
2.51
- -
- -
5.43
9.5
8.69
7.45
6.69
5.26
4.89
Return on Capital (%)
- -
- -
2.28
5.03
0.72
- -
- -
6.07
7.93
9.21
9.18
8.22
5.5
4.98
Return on Common Equity (%)
-5.62
-8.8
2.27
5.55
0.81
-32.07
-3.85
7.51
10.34
12.05
11.62
9.95
6.41
5.75

Capital Structure

RUB

•

in mil. unless spec.
Mar'21
Jun'21
Sep'21
ST Debt
23,569
13,709
14,324
LT Borrowings
206,503
216,503
216,502
LT Finance Leases
13,554
13,561
13,698
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,260,938
1,260,938
1,260,938
Market Capitalization
274,153
277,079
234,131

Working Capital

RUB

•

in mil. unless spec.
Mar'21
Jun'21
Sep'21
Total Current Assets
121,005
144,226
139,034
Cash, Cash Equivalents & STI
50,808
74,451
62,732
Accounts Receivable, Net
38,377
37,192
39,319
Inventories
18,669
19,748
19,001
Total Current Liabilities
80,696
93,744
72,196
Payables & Accruals
- -
- -
- -
ST Debt
23,569
13,709
14,324
Deferred Revenue
- -
- -
- -

Growth Rates

RUB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.16%
8.97%
5.46%
Free Cash Flow
-9.77%
9.3%
-31.59%
Net Income, GAAP
-357.02%
9.73%
-31.43%
Sales/Revenue/Turnover
8.33%
6%
-5.01%
Total Cash Common Dividend
- -
385.69%
14.04%

Quarterly Revenue

RUB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
61,819
60,810
62,513
323,804
- -

Quarterly Earnings Per Share

RUB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
0.02
0.01
0.01
- -
- -

Quarterly Dividends Per Share

RUB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
- -
- -
0.02
- -
- -

Company Description

CEO
Andrey Valerievich Ryumin
Full Time Employees
22,302
Sector
Utilities
Industry
Electric utilities
Address
5A Akademika Chelomeya Street Moscow MC Russian Federation 117630
IPO Date
Jul 16, 2008
Website
fsk-ees.ru
Business
Public Joint-Stock Company Federal Grid Company of Unified Energy System (PJSC FGC UES or Rosseti FGC UES) develops, operates, and manages Russia's Unified National Electric Grid (UNEG), the backbone of the country's power transmission infrastructure; offers electricity transmission services to regional distribution companies, retail electricity suppliers, and large industrial enterprises; provides technological connection services to participants in the wholesale electricity and capacity market; maintains, supervises, and invests in grid facilities including approximately 149,100 kilometers of transmission lines at voltage levels from 220 kV and above and 889 substations with a total capacity of about 352 GVA across 79 Russian regions, spanning from Kaliningrad to the Far East; and supports technological integration of renewable energy sources and major industrial projects through grid expansion and modernization. Founded in 2002 as part of Russia's electricity sector reform and headquartered at 5A Akademika Chelomeya Street, Moscow, the company operates as a natural monopoly under Federal Law No. 35-FZ on Electric Power Industry, serving wholesale market participants, generation facilities, and government authorities while focusing on reliability, economic efficiency, and cost minimization in electricity transmission, dispatch, and infrastructure development. As a subsidiary of PJSC Rosseti, it targets utility providers, industrial consumers, and state-backed infrastructure initiatives nationwide. In recent years, Rosseti FGC UES completed a major corporate reorganization in 2022 through the merger of parent PJSC Rosseti and affiliates including Far East Energy Management Company - ENES (DVEUK-ENES), Tomsk Trunk Grids, and Kuban Trunk Grids into FGC UES via a new share issuance, streamlining operations under unified leadership while retaining Andrey Ryumin as CEO equivalent; continued execution of its 2020-2024 investment program totaling RUB 658 billion approved by Russia's Ministry of Energy, emphasizing UNEG modernization, capacity upgrades for the Baikal-Amur and Trans-Siberian railways to support 180 million tonnes annual freight, and expansion in low-density regions like Eastern Siberia and the Far East; advanced digital transformation with over 200 partially digitalized substations per IEC 61850 standards, telecontrol at 22 facilities by 2019 extending to 93 by 2021 and 32 digital projects by 2025, plus innovative pilots like a 2.5 km high-temperature superconducting cable line in St. Petersburg and Energy Saving Substation technologies reducing own-use electricity by up to 50%; and reported steady quarterly financials through 2025 including June earnings with revenue of RUB 31.62 billion, alongside ongoing grid enhancements such as nodal power center expansions in Tula region for new chemical facilities.