Companies

Zhytomyroblenergo (ZHEN)

Business Profile

Zhytomyroblenergo is a mid-sized electricity supplier in Zhytomyr region (area: 29,827 km2; population: 1.3 million). The company owns a 36,035 km low-voltage grid with 3,420 MVA of transformer capacity and its top customers include Irshansky GOK, Zhytomyr Dairy and Zhytomyr Synthetic Fiber Plant. Households account for 38% of total energy consumption in the region. Zhytomyroblenergo was privatized in 2001, with a 75.6% stake sold to VSE International for $35m.

Financial Summary

Indicator200920102011E2012E2013F
Sales ($m)96119************
EBITDA ($m)1014************
Net Income ($m)03************
Net Debt ($m)3232************

Valuation Summary

Indicator200920102011E2012E2013F
P/E210.84.7************
P/Sales0.140.11************
EV/EBITDA4.43.2************
P/Book0.130.12************
Prices are quoted in UAH.


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