Companies

Khersonoblenergo (HOEN)

Business Profile

Khersonoblenergo is the monopoly energy supplier in Kherson region (area: 28,500 km2; population: 1.1 million). The company owns a 26,262 km low-voltage transmission grid with 3,731 MVA of transformer capacity and serves 11,642 corporate customers (59% of total energy sales) and 452,788 households (41%). Its largest customers include the Kherson Shipbuilding Plant, local water utility companies and food processing company Chumak.

Financial Summary

Indicator200920102011E2012E2013F
Sales ($m)112139************
EBITDA ($m)912************
Net Income ($m)34************
Net Debt ($m)4343************

Valuation Summary

Indicator200920102011E2012E2013F
P/E11.98.9************
P/Sales0.330.27************
EV/EBITDA8.56.9************
P/Book1.681.33************
Prices are quoted in UAH.


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