Rosseti |
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Compilation Date: | 21 Aug 24 |
Company Overview
General Info | |
Full Company Name | PJSC "Federal Grid Company- Rosseti" |
Industrial Group | Power Industry |
Number of Employees | 230,000 |
Registration Date | 20 Aug 02 |
Registered Address | 4, Belovezhskaya St., Moscow, 121353 |
Main Office | 4, Belovezhskaya St., Moscow, 121353 |
Telephone / Fax | +7 (495) 710-90-77 / (495) 710-96-41 |
e-mail | OranskayaBalyk-ML@rosseti.ru press@rosseti.ru |
Internet Home Page | https://www.rosseti.ru |
Registrar | JSC "STATUS Registrar Society" |
Auditor | JSC AK "Business Profile", LLC "CATR-audit services" |
Financial Adviser | n. a. |
Legal Adviser | n. a. |
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Corporate Management |
Chairman of the Board | Ryumin Andrey | General Director | Ryumin Andrey |
Price Highlights | |
Price per Common Share, USD | 0.001099 |
YTD Price Change, % | -9.52 |
P/E Ratio | 7.3652 |
Market Capitalization, USD | 2,322,547,245 |
Common Shares in Free Float, % | n.a. |
Operations Summary | |
PJSC Federal Grid Company- Rosseti (PJSC Rosseti) is incorporated, in accordance with the restructuring program designed for the Russian Federation power industry, as the organization performing the unified national electric grid management, including its maintenance and development. The state registration took place on June 25, 2002. PJSC Rosseti grid facilities are in 78 regions of the Russian Federation. In accordance with the applicable laws, PJSC Rosseti is a natural monopoly, and the company business is regulated by the government. PJSC Rosseti owns 2 450 000 km of transmission lines and substations with a total transformation capacity of more than 826,000 MW. The Group includes 43 subsidiaries and affiliates, including 16 distribution grid companies. The company’s electric power output was over 573,5 billion kWh in 2021. The Investment Program for 2021 to 2024 was developed to resolve the following problems: to maintain fully operational status of backbone electric grids, to create electric grid infrastructure facilities required to maintain effective operations of the wholesale competitive market of electric energy, and to create opportunities to connect to new consumers. On July 16, 2008, shares of PJSC "Rosseti" were offered for trading on the key Russian exchanges: RTS and MICEX. On May 15, 2020, in accordance with the decision of the AGM of Shareholders of PJSC FGC UES, the powers of the sole executive body of the company were transferred to the managing organization - PJSC Rosseti. On September 14, 2022, the EGM of Shareholders of PJSC FGC UES adopted the decision to reorganize the company by merging PJSC Rosseti, JSC DVEUK - UNEG, JSC Tomsk Trunk Grids and JSC Kuban Backbone Grids. At the same time, a decision was made to rename PJSC FGC UES into a PJSC Federal Grid Company - Rosseti (PJSC Rosseti), as well as terminated the powers of the managing organization. From January 9, 2023, the parent company The Rosseti Group is the PJSC Federal Grid Company - Rosseti (PJSC Rosseti). |
Shares Information
Charter Capital Structure |
Type of Share | Shares Outstanding | Nominal Value |
Common Share | 2,113,460,101,477 | 0.50 RUR |
Major Shareholders |
Name | % of Voting Stock | % of Charter Capital |
Federal Agency for State Property Management | n. a. | 75.00 |
Equity Positions in Other Companies |
Name | % of Charter Capital |
PJSC "Rosseti Kuban" | 99.69 | PJSC "ROSSETI Northern Caucasus" | 96.72 | PJSC "Tomsk Distribution Company" | 86.40 | PJSC "ROSSETI South" | 84.16 | PJSC "Rosseti Volga" | 68.47 | PJSC "Rosseti Lenenergo" | 67.48 | PJSC "Rosseti Siberia" | 57.90 | PJSC "Rosseti North-West" | 55.38 | PJSC "Rosseti Ural" | 55.23 | PJSC "Dagestan Energy Retail Company " | 51.00 | PJSC "Rosseti Moscow Region" | 50.90 | PJSC "Rosseti Centre" | 50.69 | PJSC "ROSSETI Center and Volga Region" | 50.40 | PJSC "Inter RAO UES" | 8.57 |
Dividends History |
Period | Payment per Share, USD | Number of Shares | Ex-Date | Payment Date | Payout Ratio, % | Dividend Yield, % |
2007 / com | 0.000032 | 476,347,462,155 | 14 May 08 | 29 Aug 08 | 10.47675 | n. a. | 2008 / com | n. p. | 1,153,514,196,362 | - | - | - | - | 2009 / com | n. p. | 1,233,561,333,552 | - | - | - | - | 2010 / com | 0.000071 | 1,255,948,128,393 | 13 May 11 | 29 Aug 11 | 4.668635 | 0.588042 | 2011 / com | n. p. | 1,260,386,658,740 | - | - | - | - | 2012 / com | n. p. | 1,267,141,015,996 | - | - | - | - | 2013 / com | n. p. | 1,274,665,323,063 | - | - | - | - | 1Q14 / com | 0.000009 | 1,274,665,323,063 | 15 Jul 14 | 20 Aug 14 | 34.95519 | 0.439892 | 2014 / com | 0.00001 | 1,274,665,323,063 | 15 Jul 15 | 20 Aug 15 | neg | 1.254823 | 2015 / com | 0.000207 | 1,274,665,323,063 | 08 Jul 16 | 15 Aug 16 | 34,236.260818 | 25.26918 | 2016 / com | 0.000242 | 1,274,665,323,063 | 18 Jul 17 | 23 Aug 17 | 30.172572 | 7.167511 | 1Q17 / com | 0.000019 | 1,274,665,323,063 | 18 Jul 17 | 23 Aug 17 | 16.024213 | 0.602099 | 2017 / com | 0.000221 | 1,274,665,323,063 | 17 Jul 18 | 22 Aug 18 | 22.572392 | 7.842951 | 2018 / com | 0.000241 | 1,274,665,323,063 | 15 Jul 19 | 20 Aug 19 | 20.726714 | 11.304818 | 9M19 / com | 0.000139 | 1,274,665,323,063 | 10 Jan 20 | 17 Feb 20 | 11.947378 | 4.81435 | 2019 / com | 0.000132 | 1,274,665,323,063 | 28 May 20 | 08 Jul 20 | 12.529268 | 4.06717 | 2020 / com | 0.000218 | 1,274,665,323,063 | 15 Jul 21 | 20 Aug 21 | 33.711919 | 7.21542 | 2021 / com | n. p. | 1,274,665,323,063 | - | - | - | - | 2022 / com | n. p. | 2,113,460,101,477 | - | - | - | - |
Stock Market
Instruments on Exchanges |
Type of Instrument | Ticker | ISIN | Market |
Rosseti | FEES | RU000A0JPNN9 | MICEX-RTS Class | Rosseti | FEES | RU000A0JPNN9 | MOEX | Rosseti | FEESG | RU000A0JPNN9 | RTS T+0 | Rosseti GDR | FEES | US3133541025 | London SE | Rosseti GDR | FEES | US3133542015 | London SE | Rosseti GDR | FGCUL | US3133541025 | PORTAL |
Price Chart |
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Participation in DR Programs |
Level | Effective Date | Underlying Share Ratio | CUSIP | Depositary Bank |
GDR Reg S | 30 Jun 08 | 1: 500 | 313354201 | Deutsche Bank | GDR 144 A | 30 Jun 08 | 1: 500 | 313354102 | Deutsche Bank |
Weightings in Indices |
Name | Weight | Inclusion Date | Notes |
MT-RusIndex | 0.04 | 01 Jan 09 | | RusIndex 100 | 0.04 | 01 Jan 09 | | RusIndex Fuel & Energy Complex | 0.87 | 01 Jan 09 | | RusIndex Industrials | 0.62 | 01 Jan 09 | | RusIndex Power Industry | 10.79 | 01 Jan 09 | |
Key Financial Characteristics
Balance Sheet |
| 31 Dec 19 | 31 Dec 20 | 30 Sep 21 | 31 Dec 19 | 31 Dec 20 | 30 Sep 21 |
| RUR mn | RUR mn | RUR mn | USD mn | USD mn | USD mn |
RUR/USD Exchange rate | 61.91 | 73.88 | 72.66 |
ASSETS, of which | 1,290,341 | 1,340,158 | 1,378,054 | 20,843.65 | 18,140.78 | 18,964.64 |
Fixed Assets and Other Non-current Assets, of which | 1,165,702 | 1,225,727 | 1,239,020 | 18,830.28 | 16,591.81 | 17,051.27 |
| Fixed Assets | 1,024,901 | 1,069,114 | 1,102,640 | 16,555.84 | 14,471.85 | 15,174.42 |
| Intangible Assets | 6,609 | 7,684 | 7,325 | 106.76 | 104.01 | 100.81 |
| Other Assets | 134,192 | 148,929 | 129,055 | 2,167.68 | 2,015.95 | 1,776.04 |
Current Assets, of which | 124,639 | 114,431 | 139,031 | 2,013.37 | 1,548.97 | 1,913.33 |
| Inventories | 16,968 | 17,526 | 19,001 | 274.09 | 237.24 | 261.49 |
| Accounts Receivable | 41,823 | 39,147 | 41,736 | 675.59 | 529.91 | 574.37 |
| Cash | 62,866 | 30,096 | 53,222 | 1,015.51 | 407.39 | 732.44 |
| Other Current Assets | 2,982 | 27,662 | 25,072 | 48.17 | 374.44 | 345.04 |
OWNER'S EQUITY, of which | 901,784 | 950,986 | 980,918 | 14,567.06 | 12,872.83 | 13,499.3 |
| Charter Capital | 637,333 | 637,333 | 637,333 | 10,295.22 | 8,627.13 | 8,770.91 |
| Reserves | 264,451 | 313,653 | 343,585 | 4,271.84 | 4,245.7 | 4,728.38 |
| Retained Earnings | 0 | 0 | 0 | 0 | 0 | 0 |
LIABILITIES, of which | 388,557 | 389,172 | 397,136 | 6,276.59 | 5,267.95 | 5,465.35 |
| Long-Term Debt | 208,343 | 219,850 | 230,200 | 3,365.49 | 2,975.96 | 3,167.99 |
| Short-Term Debt | 31,444 | 23,769 | 14,324 | 507.93 | 321.74 | 197.13 |
| Accounts Payable | 52,968 | 42,155 | 32,358 | 855.62 | 570.62 | 445.31 |
| Other Liabilities | 95,802 | 103,398 | 120,254 | 1,547.55 | 1,399.63 | 1,654.92 |
Financial data standard | IAS | IAS | IAS | IAS | IAS | IAS |
Audited | Audited | Unaudited | Audited | Audited | Unaudited |
Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated |
P&L Account |
| 31 Dec 19 | 31 Dec 20 | 30 Sep 21 | 31 Dec 19 | 31 Dec 20 | 30 Sep 21 |
| RUR mn | RUR mn | RUR mn | USD mn | USD mn | USD mn |
Average RUR/USD Exchange rate | 64.74 | 72.19 | 74.01 |
Sales | 249,611 | 237,304 | 185,699 | 3,855.87 | 3,287.02 | 2,509.26 |
Production Costs | 146,897 | 167,567 | 120,838 | 2,269.19 | 2,321.06 | 1,632.82 |
Operating Profit | 102,714 | 69,737 | 64,715 | 1,586.68 | 965.96 | 874.46 |
Other Income | 6,982 | 6,009 | 4,390 | 107.85 | 83.23 | 59.32 |
Income Before Taxes | 109,696 | 75,746 | 69,105 | 1,694.53 | 1,049.2 | 933.78 |
Net Income | 86,638 | 59,390 | 54,731 | 1,338.34 | 822.64 | 739.55 |
Financial data standard | IAS | IAS | IAS | IAS | IAS | IAS |
Audited | Audited | Unaudited | Audited | Audited | Unaudited |
Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated |
Key Ratios |
| 31 Dec 19 | 31 Dec 20 | 30 Sep 21 |
Company Valuation Coefficients | |
P/BV | 0.47 | 0.50 | 0.40 |
P/S | 1.77 | 1.93 | 1.64 |
P/E | 5.11 | 7.71 | 7.37 |
Company Efficiency Coefficients | |
Sales/Employee, USD thnd | 0.00 | 0.00 | 0.00 |
Net Profit Margin, % | 34.71 | 25.03 | 22.22 |
ROA, % | 7.00 | 4.24 | 3.63 |
ROE, % | 10.05 | 6.03 | 5.10 |
Turnover Coefficients | |
Receivables Turnover | 4.66 | 5.49 | 5.49 |
Assets Turnover | 0.20 | 0.17 | 0.16 |
Inventory Turnover | 14.86 | 12.92 | 12.17 |
Liabilities Turnover | 0.67 | 0.57 | 0.56 |
Capital Structure Coefficients | |
Equity Ratio | 0.70 | 0.71 | 0.71 |
Debt Ratio | 0.30 | 0.29 | 0.29 |
Equity/Debt | 2.32 | 2.44 | 2.47 |
Current Liquidity | 1.23 | 1.36 | 1.93 |
Quick Liquidity | 1.06 | 1.15 | 1.66 |
Production Overview
Production |
Product | Measure | 2019 | 2020 | 2021 | Units |
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Useful electricity output | 1,000,000,000 | 558.7 | 535.7 | 573.5 | kWh |
Capacity |
Product | Measure | Capacity | Units |
Installed electricity generating capacity | 1,000 | 826 | MW |
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