Sector: Utilities
RU_MRKV
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.
Shares: connector/market_inputs
Monetary columns are in B RUB, 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.
| Date | Period | Status | RevenueB RUB | Operating profitB RUB | D&AB RUB | EBITDAB RUB | Net profitB RUB | Operating CFB RUB | Capex + M&AB RUB | AssetsB RUB | EquityB RUB | ROE (annualized) | Net debtB RUB | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-03-31 | Q1 2026 (3M) | OK | 36.6 y/y 15.7% | 5.0 y/y 16.5% | 1.7 y/y 0.0% | 6.6 y/y 11.9% | 3.8 y/y 26.1% | 6.2 | -4.7 | 101.9 y/y 18.7% | 58.4 y/y 21.9% | 26.6% | 0.1 | Report (PDF) |
| 2025-12-31 | Q4 2025 (3M) | OK | 37.1 y/y 57.6% | 5.1 y/y 93.6% | 1.8 y/y 12.0% | 6.9 y/y 62.2% | 3.9 y/y 306.7% | 7.1 | -8.5 | 100.4 y/y 24.2% | 54.6 y/y 21.5% | 21.5% | 2.1 | Report (PDF) |
| 2025-09-30 | Q3 2025 (3M) | OK | 32.8 y/y 55.4% | 4.1 y/y 114.4% | 1.8 y/y 10.1% | 5.8 y/y 66.7% | 3.0 y/y 132.2% | 5.6 | -3.1 | 86.4 y/y 16.7% | 50.9 y/y 15.6% | 8.0% | 0.8 | Report (PDF) |
| 2025-06-30 | Q2 2025 (3M) | OK | 27.7 y/y 53.7% | 1.9 y/y 1972.1% | 1.7 y/y 6.8% | 3.6 y/y 116.9% | 1.5 y/y — | 1.1 | -2.5 | 86.1 y/y 18.2% | 47.9 y/y 12.2% | 12.5% | 2.2 | Report (PDF) |
| 2025-03-31 | Q1 2025 (3M) | OK | 31.6 y/y 52.6% | 4.3 y/y 83.3% | 1.7 y/y 6.1% | 5.9 y/y 52.4% | 3.0 y/y 87.6% | 5.3 | -2.6 | 85.9 y/y 19.2% | 47.9 y/y 9.2% | 25.6% | 1.2 | Report (PDF) |
| 2024-12-31 | Q4 2024 (3M) | OK | 23.5 y/y 13.8% | 2.6 y/y 34.5% | 1.6 y/y 17.0% | 4.3 y/y 27.2% | 1.0 y/y -31.1% | 4.2 | -4.3 | 80.9 y/y 12.7% | 44.9 y/y 6.6% | 8.2% | 4.1 | Report (PDF) |
| 2024-09-30 | Q3 2024 (3M) | OK | 21.1 y/y 15.8% | 1.9 y/y 157.5% | 1.6 y/y 1.6% | 3.5 y/y 51.4% | 1.3 y/y 191.2% | 3.5 | -2.1 | 74.0 y/y 14.2% | 44.0 y/y 7.8% | 3.9% | 4.2 | Report (PDF) |
| 2024-06-30 | Q2 2024 (3M) | OK | 18.0 y/y 0.3% | 0.1 y/y -83.0% | 1.6 y/y -1.3% | 1.7 y/y -22.2% | -0.2 y/y -163.4% | 3.0 | -1.0 | 72.9 y/y 9.7% | 42.7 y/y 5.9% | -1.7% | 4.4 | Report (PDF) |
| 2024-03-31 | Q1 2024 (3M) | OK | 20.7 y/y 2.8% | 2.3 y/y 80.8% | 1.6 y/y -4.3% | 3.9 y/y 33.4% | 1.6 y/y 87.4% | 2.4 | -3.9 | 72.0 y/y 5.9% | 43.9 y/y 9.8% | 14.7% | 6.4 | Report (PDF) |
| 2023-12-31 | Q4 2023 (3M) | OK | 20.7 y/y — | 2.0 y/y — | 1.4 y/y — | 3.4 y/y — | 1.4 y/y — | 4.3 | -3.4 | 71.7 y/y — | 42.1 y/y — | 7.2% | 4.9 | Report (PDF) |
| 2023-09-30 | Q3 2023 (3M) | OK | 18.2 y/y — | 0.7 y/y — | 1.6 y/y — | 2.3 y/y — | 0.4 y/y — | 3.7 | -1.4 | 64.8 y/y — | 40.8 y/y — | 1.4% | 4.7 | Report (PDF) |
| 2023-06-30 | Q2 2023 (3M) | OK | 18.0 y/y — | 0.5 y/y — | 1.6 y/y — | 2.1 y/y — | 0.3 y/y — | 1.7 | -1.1 | 66.4 y/y — | 40.3 y/y — | 3.0% | 7.1 | Report (PDF) |
| 2023-03-31 | Q1 2023 (3M) | OK | 20.2 y/y — | 1.3 y/y — | 1.6 y/y — | 2.9 y/y — | 0.8 y/y — | 3.9 | -2.7 | 68.0 y/y — | 40.0 y/y — | — | 8.7 | Report (PDF) |
Quarterly values (₽ mln)
Year-over-year change
FCF (₽ mln)
Net debt / cash (₽ mln)
ИПР financial plan (Form 19), ₽bn:
| 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | |
|---|---|---|---|---|---|---|---|---|
| Net profit (ИПР) | 2.3 | 3.2 | 10.9 | 14.6 | 25.3 | 33.4 | 42.2 | 44.7 |
| Dividends (ИПР) | 1.2 | 1.4 | 4.0 | 5.0 | 8.8 | 8.7 | 10.0 | 11.1 |
| div, % cur. MCap | 3.4% | 4.1% | 11.7% | 14.6% | 25.7% | 25.6% | 29.2% | 32.5% |
Source — Minenergo ИПР order + Form 19 financial plan (МРСК consolidated). Net profit and dividends are the ИПР's own planned figures (correction proposal preferred), not actuals.
Regulated indexation (plan, RF average). Distribution grid transmission-tariff indexation: 2026 from Oct +15.2% · 2027 from Jul +15.3% · 2028 from Jul +11.2%
Russian MinEc socio-economic forecast 2026–2028 (Sep 2025) + FAS orders
Value the company creates per year, as a % of market cap
Value created per year: +35.0%
| 1. EBITDA growth (latest quarter YoY, annualised) [EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-03-31 vs 2025-03-31) = (6 646 − 5 938) × 3.46 | 2 451 |
| 2. Current EV/EBITDA (LTM) (Market cap + Net debt) ÷ EBITDA (LTM) = (35 223 + 111) ÷ 23 015 | 1.5x |
| 3. Target multiple (Current EV/EBITDA + 6.5) ÷ 2 = (1.5 + 6.5) ÷ 2 | 4.0x |
| 4. Cash flow (balance method, LTM) Net-debt reduction + dividends + buybacks − equity issuance = 1 075 + 1 390 + 0 − 0 | 2 464 |
| 5. Value created per year (EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap = (2 451 × 4.0 + 2 464) ÷ 35 223 | +35.0% |
Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.
Expected dividend: 4977 mln RUB · 14.6% · upside +2%
ИПР-planned dividend (company pays) Last actual payout: 2025.
| Year | ИПР plan, mln | Actual, mln |
|---|---|---|
| 2025 | 3992 | 1394 |
| 2026 | 4977 | — |
| 2027 | 8767 | — |
| 2028 | 8723 | — |
| 2029 | 9971 | — |
| 2030 | 11087 | — |
For grids the dividend is judged from the ИПР plan, discounted by actual payment practice and board decisions (the ИПР plan is often not executed).
Dividend-model upside: -36%
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) | 12 bn RUB |
| Payout ratio | 38% |
| Free cash flow (FY, OCF − capex) — not a cap (leverage 0.1x) | 2 bn RUB |
| Recent actual dividend (3-yr median) | 0.01 ₽ |
| = Forecast dividend per share | 0.01 ₽ |
| 2 · Fair yield (spread to key rate) | |
| CBR key rate | 14.2% |
| Historical yield spread to rate (3-yr median) | -11.1 pp |
| = Fair dividend yield | 10.8% |
| 3 · Valuation → upside | |
| Current price | 0.181 ₽ |
| Forecast dividend yield | 6.5% |
| Fair price (dividend-based) | 0.120 ₽ |
Forecast, not investment advice. Earnings annualization and policy assumptions are estimates.
| Pay year | Dividend /sh | |
|---|---|---|
| 2025 | 0.01 ₽ | |
| 2024 | 0.01 ₽ | |
| 2022 | 0.00 ₽ | |
| 2020 | 0.01 ₽ | |
| 2019 | 0.01 ₽ | |
| 2018 | 0.01 ₽ | |
| 2017 | 0.01 ₽ | |
| 2016 | 0.00 ₽ |
| Period | Ex-date | /sh |
|---|---|---|
| 2025 q3 | 2025-07-08 | 0.01 ₽ |
| 2024 q3 | 2024-07-03 | 0.01 ₽ |
| 2022 q2 | 2022-06-24 | 0.00 ₽ |
| 2020 q2 | 2020-06-05 | 0.00 ₽ |
| 2020 q1 | 2020-01-10 | 0.01 ₽ |
| 2019 q2 | 2019-06-06 | 0.01 ₽ |
| 2018 q2 | 2018-06-11 | 0.01 ₽ |
| 2017 q2 | 2017-06-22 | 0.01 ₽ |
| 2016 q2 | 2016-06-24 | 0.00 ₽ |
| 2015 q2 | 2015-06-25 | 0.00 ₽ |
No dividend rows found for this issuer.
| 22.06.26 | Filing | ★ ▲ Дата определения (фиксации) лиц, имеющих право на осуществление прав по ценным бумагам эмитента ПАО «Россети Волга» объявило о дате фиксации прав акционеров на получение дивидендов по обыкновенным акциям, которые будут определены 2 июля 2026 года. Дивиденды будут объявлены по результатам 2025 года. |
| 07.07.26 | AGM / Board | Решения совета директоров (наблюдательного совета) Совет директоров ПАО «Россети Волга» провел заочное голосование, в котором участвовали все 11 членов. Избран Председателем Совета директоров Мольский Алексей Валерьевич. Дата события - 6 июля 2026 года. |
| 22.06.26 | AGM / Board | Решения общих собраний участников (акционеров) На годовом собрании акционеров ПАО «Россети Волга» 18 июня 2026 года было принято решение о выплате дивидендов в размере 0,0212 руб. на акцию. Также утверждены годовые отчеты за 2025 год и избраны члены Совета директоров и Ревизионной комиссии. |
Source: e-disclosure material filings over the last 180 days; ★ — flagged important by the classifier; summaries are automatic.
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of IDGC Volga (MRKV) — from primary filings.
MRKV (ticker RU_MRKV) is a Russian telecommunications and digital services provider, operating under the MTS brand, offering mobile and fixed-line communications, broadband internet, and television services.