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TNS Energo Kuban USD

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Sector: Utilities

RU_KBSB

Price chart

658.5 RUBDay -20.95%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
658.5 RUB · -20.95%
Market cap
165 mln USD

Growth

Δ revenue y/y
13.3%
Δ EBITDA y/y
239.4%

Multiples

P/E (LTM)
2.2x
3y avg: 2.6x
P/B (FY)
0.9x
P/E (ann.)
2.1x
EV/EBITDA (LTM)
—

Cash return

Dividend yield
6.1%
FCF yield (LTM)
-267.6%

Liquidity

Daily turnover (MOEX)
0.4 mln RUB

Shares: connector/market_inputs

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

🔍 Sanity check — subtotal consistency (Level-1 + Level-2) OK: 1 / Warn: 4 / Err: 4 / Autofix applied: 0
Port of PHP subtotal-total + sign-flip detection logic
PeriodIssues
2023-06-30 H1⚠Warn 2
2023-12-31 FY✗Errors 1Warn 1
2023-12-31 H2✗Errors 1Warn 1
2024-06-30 H1⚠Warn 1
2024-12-31 FY✓OK
2024-12-31 H2✗Errors 1Warn 2
2025-06-30 H1⚠Warn 1
2025-12-31 FY⚠Warn 1
2025-12-31 H2✗Errors 1Warn 2
✓ All checks pass · ⚠ Has warnings (review) · ✗ Has errors (needs fix) · ✓* Autofix applied (see evidence)

Financial dynamics

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2025-12-31H2 2025 (6M)OK645.7
y/y 13.3%
41.9
y/y 1085.7%
0.8
y/y 17.6%
42.7
y/y 1296.4%
38.7
y/y 309.4%
52.3-494.0365.3
y/y 42.1%
183.1
y/y 70.7%
47.3%-9694.8Report (PDF)
2025-06-30H1 2025 (6M)PARTIAL543.9
y/y 12.8%
34.9
y/y 34.4%
0.8
y/y 17.5%
35.7
y/y 33.9%
36.5
y/y 40.8%
——285.1
y/y 10.1%
135.4
y/y 7.4%
60.2%-6158.2Report (PDF)
2024-12-31H2 2024 (6M)OK569.9
y/y 17.0%
-4.2
y/y -113.2%
0.7
y/y —
-3.6
y/y -111.1%
9.5
y/y -65.4%
44.3-352.4257.2
y/y 17.4%
107.3
y/y 11.6%
30.3%-4717.6Report (PDF)
2024-06-30H1 2024 (6M)PARTIAL482.0
y/y 4.1%
26.0
y/y -16.5%
0.7
y/y —
26.6
y/y -14.3%
25.9
y/y -3.4%
——258.8
y/y 42.5%
126.1
y/y 182.3%
46.7%-3696.9Report (PDF)
2023-12-31H2 2023 (6M)OK486.9
y/y —
32.2
y/y —
0.0
y/y —
32.2
y/y —
27.3
y/y —
61.9-324.0219.1
y/y —
96.1
y/y —
77.0%-2332.9Report (PDF)
2023-06-30H1 2023 (6M)PARTIAL463.1
y/y —
31.1
y/y —
0.0
y/y —
31.1
y/y —
26.9
y/y —
——181.7
y/y —
44.7
y/y —
—917.8Report (PDF)
Data quality — review suggested

Revenue & EBITDA

RevenueEBITDA

Quarterly values (₽ mln)

-20002004006002023 H12023 H22024 H12024 H22025 H12025 H2

Year-over-year change

-150%-100%-50%0%50%2023 H12023 H22024 H12024 H22025 H12025 H2

Cash flow

Net debt / cash (₽ mln)

-10 000-7 500-5 000-2 50002023 H12023 FY2024 H12024 FY2025 H12025 FY

Dividend potential

Dividend-model upside: +41%

The payout is forecast from smoothed profit × payout ratio, capped by free cash flow (developers exempt — escrow) and floored at the recent actual dividend (companies hold payouts while profitable). Fair yield = key rate + the historical yield-spread to the rate (so growers that historically traded below the rate score higher). Upside = fair price / current − 1.

1 · Forecast dividend (per policy)
Smoothed net profit (median YTD-ann./LTM/FY)5 bn RUB
Payout ratio43%
Free cash flow (FY, OCF − capex)3 bn RUB
Recent actual dividend (3-yr median)50.37 ₽
= Forecast dividend per share128.67 ₽
2 · Fair yield (spread to key rate)
CBR key rate14.5%
Historical yield spread to rate (3-yr median)-11.3 pp
= Fair dividend yield11.0%
3 · Valuation → upside
Current price830 ₽
Forecast dividend yield15.5%
Fair price (dividend-based)1170 ₽

Forecast, not investment advice. Earnings annualization and policy assumptions are estimates.

Revenue growth & acceleration

Growth steady →
Last-year revenue growth +13% vs +11% the year before — a +2.4 pp move. 3-year CAGR +6%.
revenue growth by year: 2023 -5% · 2024 +11% · 2025 +13%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividends

No dividend rows found for this issuer.

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)