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Mosenergo (MSNG) USD

At a glance: strengths & risks
✓Revenue growing (+11%)✓Net cash balance sheet✓Cheaper than own history (P/E 7.2 vs avg 19.3)✗Profit falling (-25%)

Sector: Utilities

RU_MSNG

Price chart

1.563 RUBDay 2.36%

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
1.563 RUB · 2.36%
Market cap
871 mln USD

Growth

Δ revenue y/y
30.8%
Δ EBITDA y/y
24.0%

Multiples

P/E (LTM)
7.2x
3y avg: 19.3x
P/B (FY)
0.2x
P/E (ann.)
1.1x
EV/EBITDA (LTM)
—

Cash return

Dividend yield
11.8%
FCF yield (LTM)
—

Liquidity

Daily turnover (MOEX)
60.3 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.

Financial results

Monetary columns are in B 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.

DatePeriodStatusRevenueB USDOperating profitB USDD&AB USDEBITDAB USDNet profitB USDOperating CFB USDCapex + M&AB USDAssetsB USDEquityB USDROE (annualized)Net debtB USDSource
2026-03-31Q1 2026 (3M)OK1.7
y/y 30.8%
0.2
y/y 29.4%
0.1
y/y 6.4%
0.3
y/y 24.0%
0.2
y/y 20.3%
0.1-3.65.3
y/y —
4.5
y/y —
15.7%-30.6Report (PDF)
2025-12-31FY 2025 (12M)OK—
y/y 10.5%
—
y/y —
—
y/y -18.7%
—
y/y -9.5%
—
y/y -25.5%
——6.3
y/y -0.2%
5.3
y/y 1.2%
—-27.4Report (PDF)
2025-03-31Q1 2025 (3M)PARTIAL1.3
y/y —
0.2
y/y —
0.1
y/y —
0.2
y/y —
0.2
y/y —
0.1-3.0—
y/y —
—
y/y —
—-29.7—
2024-12-31FY 2024 (12M)OK3.7
y/y 6.2%
0.0
y/y -457.4%
0.4
y/y -8.4%
0.4
y/y -15.5%
0.1
y/y 130.2%
0.3-25.86.3
y/y -3.8%
5.3
y/y -4.3%
2.2%-30.5Report (PDF)
2023-12-31Q4 2023 (3M)OK1.7
y/y —
0.1
y/y —
0.1
y/y —
0.2
y/y —
0.1
y/y —
0.2-9.46.5
y/y —
5.5
y/y —
0.9%-38.6Report (PDF)
2023-09-30Q3 2023 (3M)PARTIAL0.5
y/y —
-0.1
y/y —
0.1
y/y —
0.0
y/y —
-0.1
y/y —
0.2-4.06.5
y/y —
5.5
y/y —
-1.6%-44.0Report (PDF)
2023-06-30Q2 2023 (3M)OK1.8
y/y —
0.1
y/y —
0.2
y/y —
0.3
y/y —
0.1
y/y —
0.1-8.06.6
y/y —
5.6
y/y —
—-84.5Report (PDF)

Revenue & EBITDA

RevenueEBITDA

Quarterly values (₽ mln)

-1 00001 0002 0003 0004 0002023 H12023 q32023 q42024 FY2025 q12026 q1

Year-over-year change

0%10%20%30%2023 H12023 q32023 q42024 FY2025 q12026 q1

Cash flow

FCF (₽ mln)

-150-100-500501002023 H12023 q32023 q42024 FY2025 q12026 q1

Net debt / cash (₽ mln)

-100 000-80 000-60 000-40 000-20 00002023 q22023 q32023 q42024 FY2025 q12025 q42026 q1

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth +11% vs +6% the year before — a +4.4 pp move. 3-year CAGR +9%.
revenue growth by year: 2023 +9% · 2024 +6% · 2025 +11%
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).

Dividend potential

Special situation — model not applicable

Forecast dividend yield is abnormally high (>35%), flagging a one-time special, administratively frozen dividends, or a line that doesn't actually pay. The dividend-model upside is not shown for such names.

1 · Forecast dividend (per policy)
Smoothed net profit (median YTD-ann./LTM/FY)9 bn RUB
Payout ratio96%
Free cash flow (FY, OCF − capex) — not a cap (leverage -1.1x)-6 bn RUB
Recent actual dividend (3-yr median)0.50 ₽
= Forecast dividend per share0.50 ₽
2 · Fair yield (spread to key rate)
CBR key rate14.2%
Historical yield spread to rate (3-yr median)-10.5 pp
= Fair dividend yield10.8%
3 · Valuation → upside
Current price1.48 ₽
Forecast dividend yield33.6%
Fair price (dividend-based)4.74 ₽

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

Dividend history

Paid, trailing 12-mo: 0.50 RUB/sh · 33.6%

Pay yearDividend /sh
20260.50 ₽
20240.16 ₽
20230.19 ₽
20220.22 ₽
20210.18 ₽
20200.12 ₽
20190.21 ₽
20180.17 ₽
Payments by period
PeriodEx-date/sh
2026 q32026-07-130.27 ₽
2026 q12026-03-020.23 ₽
2024 q32024-07-080.16 ₽
2023 q22023-06-300.19 ₽
2022 q32022-07-070.22 ₽
2021 q32021-07-010.18 ₽
2020 q32020-07-060.12 ₽
2019 q22019-06-280.21 ₽
2018 q22018-06-140.17 ₽
2017 q22017-06-120.08 ₽

Dividends

No dividend rows found for this issuer.

Corporate events

01.07.26Filing★ Дата определения (фиксации) лиц, имеющих право на осуществление прав по ценным бумагам эмитента
ПАО 'Мосэнерго' установило дату фиксации лиц, имеющих право на получение дивидендов по обыкновенным акциям за 2025 год на 14 июля 2026 года. Дивиденды будут выплачиваться из нераспределенной прибыли прошлых лет.
01.07.26AGM / Board★ ▲ Решения общих собраний участников (акционеров)
На годовом общем собрании акционеров ПАО 'Мосэнерго' 30.06.2026 было утверждено распределение прибыли за 2025 год в размере 10,8 млрд. руб. и объявлены дивиденды на уровне 0,2717 руб. на акцию. Также избран новый Совет директоров и утверждены изменения в Уставе компании.
20.07.26AGM / BoardРешения совета директоров (наблюдательного совета)
17 июля 2026 года Совет директоров ПАО «Мосэнерго» утвердил изменения в Положение о закупках и Положение о Комитете по закупкам. Принятые решения касаются обновления перечня взаимозависимых лиц и структуры комитета.
19.02.26BuybackПриобретение эмитентом собственных голосующих акций (долей) или депозитарных расписок на акции эмитента
ПАО 'Мосэнерго' приобрело 618,7 тыс. голосующих акций, что составляет 0,0016% уставного капитала. После приобретения общее количество акций, принадлежащих эмитенту, увеличилось до 679,6 тыс. акций (0,0017% уставного капитала). Приобретение произошло на основании решения суда от 09.10.2025.

Source: e-disclosure material filings over the last 180 days; ★ — flagged important by the classifier; summaries are automatic.

Investment-community mentions

Substantive mentions last 7 days: 0, last 30 days: 2 (1 positive) across tracked channels, broker research and shows. 15 passing mentions (digests, calendars) hidden.

Sources: Telegram channels (bloggers — blue chip, broker research — green), YouTube shows via transcripts (orange). Tone (▲/▼) is an automatic assessment in the stock's context. Quotes are fragmentary; authors' views are not our recommendations.

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 Mosenergo (MSNG) — from primary filings.

MSNG (RU_MSNG) is a Russian technology company that operates an internet portal and provides a range of online services, including search, email, and cloud storage.

Frequently asked questions

What is Mosenergo (MSNG)'s P/E ratio?
Mosenergo (MSNG) trades at a P/E of 7.2x (price to trailing 12-month earnings).
What is Mosenergo (MSNG)'s P/B ratio?
Mosenergo (MSNG) trades at a P/B of 0.2x.
What is Mosenergo (MSNG)'s dividend yield?
Mosenergo (MSNG)'s trailing 12-month dividend yield is 11.8%.
What is Mosenergo (MSNG)'s return on equity (ROE)?
Mosenergo (MSNG)'s ROE is 15.7%.
What is Mosenergo (MSNG)'s market capitalization?
Mosenergo (MSNG)'s market cap is 871 mln USD.