LSR Group |
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Compilation Date: | 21 Aug 24 |
Company Overview
General Info | |
Full Company Name | PJSC "LSR Group" |
Industrial Group | General Construction |
Number of Employees | 129,000 |
Registration Date | 14 Aug 06 |
Registered Address | 36, Kazanskaya St., Saint-Peterburg, 190031 |
Main Office | 36, Kazanskaya St., Saint-Peterburg, 190031 |
Telephone / Fax | (812) 320-5642 / (812) 320-5642 |
e-mail | Bogacheva.IG@lsrgroup.ru |
Internet Home Page | www.lsrgroup.ru |
Registrar | Closed JSC "VTB Registrar" |
Auditor | "Audit-Service SPb" Ltd., JSC "KPMG" |
Financial Adviser | n. a. |
Legal Adviser | n. a. |
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Corporate Management |
Chairman of the Board | Igor Levit | General Director | Andrey Molchanov |
Price Highlights | |
Price per Common Share, USD | 7.860038 |
YTD Price Change, % | 9.2 |
P/E Ratio | 3.2960 |
Market Capitalization, USD | 809,821,446 |
Common Shares in Free Float, % | 33.00 |
Operations Summary | |
JSC "LSR Group" is a vertically integrated diversified company engaging in the production of building materials, real estate development and construction. Today LSR Group comprises companies engaging in the manufacture of building materials, extraction and processing of aggregates, provision of construction services, real estate development and construction — from mass market large-panel housing to elite residential property built after designs by leading domestic and foreign architects. LSR Group includes two core areas: production of building materials and real estate development and construction. LSR Currently the company operates in three key regions: St. Petersburg and the Leningrad Region, Moscow and the Moscow Region, Ekaterinburg and the Urals Region. In November 2007, LSR Group made an initial public offering (IPO) on the London Stock Exchange, RTS and MICEX. The company sold 12.5% of its shares at USD 14.5 per GDR. At the offer price, the market capitalization for LSR Group was USD 6.2 billion. The company has rating by Moody’s Investors Service (B2) and Fitch Rating (B). |
Shares Information
Charter Capital Structure |
Type of Share | Shares Outstanding | Nominal Value |
Common Share | 103,030,215 | 0.25 RUR |
Major Shareholders |
Name | % of Voting Stock | % of Charter Capital |
Molchanov A. Y. | 47.85 | 50.33 |
Equity Positions in Other Companies |
Name | % of Charter Capital |
AEROC Investment Deutschland GmbH | 100.00 | JSC "A Plus Estate" | 100.00 | JSC "LSR.Construction - Northwest" | 100.00 | LSR Stroi Ltd. | 100.00 | LSR Stroitelstvo-Ural Ltd. | 100.00 | JSC "Spetsializirovanny zastroyshchik "LSR. Nedvizhimost-Ural" | 100.00 | LSR. Real Estate-SZ Ltd. | 100.00 | Velikan - XXI vek Ltd. | 100.00 | JSC "LSR. Basic Materials" | 99.99 |
Dividends History |
Period | Payment per Share, USD | Number of Shares | Ex-Date | Payment Date | Payout Ratio, % | Dividend Yield, % |
2007 / com | n. p. | 93,663,832 | - | - | - | - | 2008 / com | n. p. | 93,663,832 | - | - | - | - | 2009 / com | n. p. | 93,663,832 | - | - | - | - | 2010 / com | 0.538114 | 103,030,215 | 02 Mar 11 | 06 Jun 11 | 96.659668 | 1.593674 | 2011 / com | 0.607584 | 103,030,215 | 16 Feb 12 | 03 Jun 12 | 75.655355 | 4.144576 | 2012 / com | 0.628972 | 103,030,215 | 15 Feb 13 | 03 Jun 13 | 41.004252 | 3.411315 | 2013 / com | 1.121688 | 103,030,215 | 30 Jun 14 | 05 Aug 14 | 70.326633 | 5.989968 | 2014 / com | 1.550008 | 103,030,215 | 17 Apr 15 | 27 May 15 | 66.679058 | 19.182206 | / com | 1.183705 | 103,030,215 | 15 Apr 16 | 26 May 16 | 50.92122 | 14.648997 | 2016 / com | 1.307467 | 103,030,215 | 19 Jun 17 | 25 Jul 17 | 98.479493 | 8.277821 | 2017 / com | 1.143301 | 103,030,215 | 09 Jul 18 | 14 Aug 18 | 43.296442 | 7.971876 | 2018 / com | 1.188993 | 103,030,215 | 09 Jul 19 | 14 Aug 19 | 47.310902 | 13.827501 | 2019 / com | 0.430092 | 103,030,215 | 11 May 20 | 17 Jun 20 | 38.40653 | 3.492058 | 1H20 / com | 0.260012 | 103,030,215 | 09 Oct 20 | 17 Nov 20 | 72.251837 | 2.595338 | 2020 / com | 0.542935 | 103,030,215 | 10 May 21 | 16 Jun 21 | 33.583786 | 4.615739 | 2022 / com | 0.80184 | 103,030,215 | 06 Jul 23 | 11 Aug 23 | 42.435017 | 12.476307 | 2023 / com | 1.1266 | 103,030,215 | 02 May 24 | 10 Jun 24 | 59.621982 | 15.651352 |
Stock Market
Instruments on Exchanges |
Type of Instrument | Ticker | ISIN | Market |
LSR Group | LSRG | RU000A0JPFP0 | MOEX | LSR Group GDR | 3LSA | US50218G2066 | Berlin Stock Ex | LSR Group GDR | 3LSA | US50218G2066 | Frankfurt SE | LSR Group GDR | LSRG | US50218G2066 | London SE | LSR Group GDR | LSRGL | US50218G1076 | PORTAL | LSR Group GDR | 3LSA | US50218G2066 | XETRA |
Price Chart |
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Participation in DR Programs |
Level | Effective Date | Underlying Share Ratio | CUSIP | Depositary Bank |
GDR Reg S | 15 Nov 07 | 5: 1 | 50218G206 | Deutsche Bank | GDR 144 A | 15 Nov 07 | 5: 1 | 50218G107 | Deutsche Bank |
Weightings in Indices |
Name | Weight | Inclusion Date | Notes |
RusIndex 100 | 0.01 | 01 Apr 09 | | RusIndex Industrials | 0.21 | 01 Apr 09 | | SPT-RusIndex | 31.68 | 01 Apr 09 | |
Key Financial Characteristics
Balance Sheet |
| 31 Dec 20 | 31 Dec 21 | 31 Dec 22 | 31 Dec 20 | 31 Dec 21 | 31 Dec 22 |
| RUR mn | RUR mn | RUR mn | USD mn | USD mn | USD mn |
RUR/USD Exchange rate | 73.88 | 74.29 | 71.98 |
ASSETS, of which | 282,405 | 348,876 | 416,216 | 3,822.72 | 4,695.98 | 5,782.49 |
Fixed Assets and Other Non-current Assets, of which | 29,565 | 35,542 | 40,563 | 400.2 | 478.41 | 563.54 |
| Fixed Assets | 21,398 | 27,042 | 30,907 | 289.65 | 363.99 | 429.39 |
| Intangible Assets | 4,121 | 4,264 | 4,252 | 55.78 | 57.39 | 59.07 |
| Other Assets | 4,046 | 4,236 | 5,404 | 54.77 | 57.02 | 75.08 |
Current Assets, of which | 252,840 | 313,334 | 375,653 | 3,422.52 | 4,217.57 | 5,218.95 |
| Inventories | 148,371 | 195,720 | 255,604 | 2,008.39 | 2,634.45 | 3,551.11 |
| Accounts Receivable | 29,967 | 56,142 | 91,108 | 405.64 | 755.69 | 1,265.76 |
| Cash | 73,803 | 55,472 | 25,109 | 999.02 | 746.67 | 348.84 |
| Other Current Assets | 699 | 6,000 | 3,832 | 9.46 | 80.76 | 53.24 |
OWNER'S EQUITY, of which | 91,728 | 93,007 | 96,801 | 1,241.66 | 1,251.9 | 1,344.86 |
| Charter Capital | 35 | 35 | 35 | 0.47 | 0.47 | 0.49 |
| Reserves | 41,631 | 30,208 | 21,892 | 563.53 | 406.61 | 304.15 |
| Retained Earnings | 50,062 | 62,764 | 74,874 | 677.65 | 844.82 | 1,040.22 |
LIABILITIES, of which | 190,677 | 255,869 | 319,415 | 2,581.06 | 3,444.07 | 4,437.63 |
| Long-Term Debt | 91,586 | 135,846 | 114,055 | 1,239.74 | 1,828.53 | 1,584.57 |
| Short-Term Debt | 11,042 | 33,441 | 101,033 | 149.47 | 450.13 | 1,403.65 |
| Accounts Payable | 71,110 | 60,980 | 64,777 | 962.57 | 820.81 | 899.95 |
| Other Liabilities | 16,939 | 25,602 | 39,550 | 229.29 | 344.61 | 549.47 |
Financial data standard | IAS | IAS | IAS | IAS | IAS | IAS |
Audited | Audited | Audited | Audited | Audited | Audited |
Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated |
P&L Account |
| 31 Dec 20 | 31 Dec 21 | 31 Dec 22 | 31 Dec 20 | 31 Dec 21 | 31 Dec 22 |
| RUR mn | RUR mn | RUR mn | USD mn | USD mn | USD mn |
Average RUR/USD Exchange rate | 72.19 | 73.65 | 68.64 |
Sales | 118,052 | 130,515 | 139,662 | 1,635.2 | 1,771.98 | 2,034.71 |
Production Costs | 95,307 | 98,449 | 105,265 | 1,320.15 | 1,336.63 | 1,533.59 |
Operating Profit | 22,745 | 31,675 | 34,397 | 315.05 | 430.05 | 501.12 |
Other Income | -6,915 | -8,399 | -15,519 | -95.78 | -114.03 | -226.09 |
Income Before Taxes | 15,830 | 23,276 | 18,878 | 219.27 | 316.01 | 275.03 |
Net Income | 12,025 | 16,272 | 13,363 | 166.56 | 220.92 | 194.68 |
Financial data standard | IAS | IAS | IAS | IAS | IAS | IAS |
Audited | Audited | Audited | Audited | Audited | Audited |
Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated |
Key Ratios |
| 31 Dec 20 | 31 Dec 21 | 31 Dec 22 |
Company Valuation Coefficients | |
P/BV | 0.98 | 0.68 | 0.49 |
P/S | 0.74 | 0.48 | 0.32 |
P/E | 7.24 | 3.85 | 3.30 |
Company Efficiency Coefficients | |
Sales/Employee, USD thnd | 12.74 | 13.74 | 16.28 |
Net Profit Margin, % | 10.19 | 12.47 | 9.57 |
ROA, % | 4.13 | 5.19 | 3.83 |
ROE, % | 12.89 | 17.73 | 15.47 |
Turnover Coefficients | |
Receivables Turnover | 3.69 | 3.05 | 2.08 |
Assets Turnover | 0.41 | 0.42 | 0.40 |
Inventory Turnover | 0.78 | 0.76 | 0.68 |
Liabilities Turnover | 0.60 | 0.59 | 0.53 |
Capital Structure Coefficients | |
Equity Ratio | 0.32 | 0.27 | 0.23 |
Debt Ratio | 0.68 | 0.73 | 0.77 |
Equity/Debt | 0.48 | 0.36 | 0.30 |
Current Liquidity | 2.77 | 2.92 | 2.08 |
Quick Liquidity | 1.14 | 1.10 | 0.66 |
Production Overview
Production |
Product | Measure | 2018 | 2019 | 1H20 | Units |
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Aerocrete | 1,000 | 1,418 | 1,413 | 808 | cub meters | Brick | 1,000,000 | 300 | 305 | 139 | units | Construction | 1,000 | 888 | 834 | 346 | sq. metres | Macadam | 1,000,000 | 7.54 | 7.42 | 3.18 | cub meters | Real estate development | 1,000 | 920 | 1,002 | 172 | sq. metres | Reinforced concrete | 1,000 | 160 | n. a. | n. a. | cub meters | Sand | 1,000,000 | 10.7 | 8.24 | 3.57 | cub meters | Ñoncrete | 1,000,000 | 1.14 | 1.14 | 0.5 | cub meters |
Capacity |
Product | Measure | Capacity | Units |
Information is not available yet. |
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