Companies

Dniprooblenergo (DNON)

Business Profile

Dniprooblenergo, Ukraine’s largest electricity distributor, serves Dnipropetrovsk region (area: 31,900 km2; population: 3.5 million). The oblenergo owns a 63,500 km low-voltage grid with 10,964 MVA of transformer capacity. Its customer base consists of 1.5 million households, 24,000 small- and medium-sized companies and 1,600 large industrial enterprises, including steel mills (Arcelor Mittal Kryviy Rih), pipe plants (Interpipe NPR) and chemical plants (Dniproazot, Dniproshyna).

Financial Summary

Indicator200920102011E2012E2013F
Sales ($m)9971,282************
EBITDA ($m)2553************
Net Income ($m)820************
Net Debt ($m)(15)0************

Valuation Summary

Indicator200920102011E2012E2013F
P/E18.67.3************
P/Sales0.150.12************
EV/EBITDA5.32.8************
P/Book7.863.90************
Prices are quoted in UAH.


*Data available to Dragon Capital's institutional clients only.