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Company Profile

 

Irkutskenergo

Symbol

IRGZ

No. Employees

24,000

Industry

Energy

Common Shares

4,766,808,000

Main Location

Irkutsk

Preferred Shares

 

 

 

General Summary

Irkutskenergo is one of Russia's leading energy companies. In addition to producing the cheapest energy in Russia (about one third the average cost), Irkutskenergo is one of the few surplus providers. This surplus puts Irkutskenergo in a great position to export its output to earn additional income. Possibilities of exporting power to China and Mongolia are currently being pursued. Irkutskenergo is fairly independent from UES, although the degree of independence is hard to define and is presently being contended. Despite more than doubling in price already this year and holding the second highest market capitalization among "energos", many still consider Irkutskenergo to be undervalued. Shares of Irkutskenergo are very liquid and are actively traded on the RTS.

 

INCOME STATEMENT SUMMARY (in $ million)

 

1994

1995

1996

Revenues

371

731

918

EBIT

112

177

193

Net Income

46

133

168

 

 

BALANCE SHEET SUMMARY (in $ million)

 

12/31/94

12/31/95

12/31/96

Total Assets

2,390

2,145

3,730

Current Assets

188

420

677

Acct. Receivable

25

325

560

Inventory

45

94

91

Total Liabilities

177

206

525

Cur. Liabilities

175

205

522

Acct. Payable

170

199

504

Long Term Debt

68

52

44

Shareholder's Equity

2,213

1,939

3,225

 

 

VALUES

Common Price

0.06

0.054

0.14

Mkt. Capitalization

$ 286,000,000

$ 257,400,000

$ 667,400,000

 

 

YEAR ENDING RATIOS

PRICING FACTORS

 

1994

1995

1996

Earnings per Share

0.01

0.03

0.04

EPS Growth Rate

 

1.89

0.26

Price / Earnings

6.22

1.94

3.97

Book Value / Share

0.46

0.41

0.68

 

 

PROFITABILITY INDICATORS

 

1994

1995

1996

Pretax Profit Marg

0.30

0.24

0.21

Return on Capital

0.16

0.47

0.65

Return on SE

0.02

0.07

0.05

 

 

FINANCIAL CONDITIONS

 

1994

1995

1996

Current Ratio

1.07

2.05

1.34

Acid Test

0.82

1.59

1.16

Working Capital $ml.

13

215

173

Acct. Rec. / Revenue

0.07

0.44

0.62

Acct. Rec. / Acct. Pay

0.15

1.63

1.07

 

 

DEBT FINANCING

 

1994

1995

1996

Long Term Debt / Capitalization

0.24

0.20

0.07

 

 

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