Inter RAO UES PJSC (MIC:IRAO) ROE %: 15.11% (As of Dec. 2023)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MIC:IRAO Inter RAO UES PJSC MIC:IRAO
17 GF Score
Price ₽2.25
View Full Analysis

What is Inter RAO UES PJSC ROE %?

Inter RAO UES PJSC MIC:IRAO +8.06% 17 ROE % is 15.11% as of Dec. 2023. GuruFocus rates MIC:IRAO with a GF Score™ of 17/100.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Inter RAO UES PJSC's annualized net income for the quarter that ended in Dec. 2023 was ₽132,860 Mil. Inter RAO UES PJSC's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was ₽879,259 Mil. Therefore, Inter RAO UES PJSC's annualized ROE % for the quarter that ended in Dec. 2023 was 15.11%.

The historical rank and industry rank for Inter RAO UES PJSC's ROE % or its related term are showing as below:

MIC:IRAO's ROE % is not ranked *
in the Utilities - Regulated industry.
Industry Median: 8.685
* Ranked among companies with meaningful ROE % only.

Inter RAO UES PJSC  (MIC:IRAO) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=132860/879258.5
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(132860 / 1404780)*(1404780 / 1223683)*(1223683 / 879258.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=9.46 %*1.148*1.3917
=ROA %*Equity Multiplier
=10.86 %*1.3917
=15.11 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=132860/879258.5
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (132860 / 170928) * (170928 / 143952) * (143952 / 1404780) * (1404780 / 1223683) * (1223683 / 879258.5)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7773 * 1.1874 * 10.25 % * 1.148 * 1.3917
=15.11 %

Note: The net income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Inter RAO UES PJSC ROE % Related Terms


Inter RAO UES PJSC ROE % Historical Data

* Premium members only.

The historical data trend for Inter RAO UES PJSC's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Inter RAO UES PJSC ROE % Chart

Inter RAO UES PJSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec22 Dec23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.01 15.79 12.88 16.36 15.59

Inter RAO UES PJSC Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Jun22 Dec22 Jun23 Dec23
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.62 23.23 9.91 16.24 15.11

MIC:IRAO vs NEE, SO, DUK: ROE % Comparison

For the Utilities - Regulated Electric subindustry, Inter RAO UES PJSC's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Inter RAO UES PJSC ROE % vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Inter RAO UES PJSC's ROE % distribution charts can be found below:

* The bar in red indicates where Inter RAO UES PJSC's ROE % falls into.


MIC:IRAO
17GF Score
Inter RAO UES PJSC MIC:IRAO
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Inter RAO UES PJSC ROE % Calculation

Inter RAO UES PJSC's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=133112/( (795784+912043)/ 2 )
=133112/853913.5
=15.59 %

Inter RAO UES PJSC's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Jun. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=132860/( (846474+912043)/ 2 )
=132860/879258.5
=15.11 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 15.11% mean?
Inter RAO UES PJSC (MIC:IRAO) has a ROE % of 15.11% as of Dec. 2023. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Inter RAO UES PJSC and its competitors.
Is Inter RAO UES PJSC's ROE % too high?
Inter RAO UES PJSC's current ROE % is 15.11%. The Utilities - Regulated industry median ROE % is 8.69. Inter RAO UES PJSC's value of 15.11% is 74% above this industry median. Overall, Inter RAO UES PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Inter RAO UES PJSC's ROE % compare to NEE and SO?
Inter RAO UES PJSC's ROE % of 15.11% can be compared against companies in the Utilities - Regulated industry. The industry median ROE % is 8.69. Inter RAO UES PJSC's value of 15.11% is 74% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for an Utilities - Regulated company?
The median ROE % among Utilities - Regulated companies is 8.69, based on 504 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Inter RAO UES PJSC's current ROE % of 15.11% is 74% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Inter RAO UES PJSC and its competitors. For the Utilities - Regulated industry, the median ROE % is 8.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Inter RAO UES PJSC's current ROE % is 15.11%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inter RAO UES PJSC stock overvalued right now?
Inter RAO UES PJSC (MIC:IRAO) has a current ROE % of 15.11%. The current ROE % is 15.11% and 74% above the Utilities - Regulated industry median of 8.69. Inter RAO UES PJSC's overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Inter RAO UES PJSC (MIC:IRAO), the current ROE % is 15.11% as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Inter RAO UES PJSC Business Description

Address Bolshaya Pirogovskaya Street, Building 27-2, Moscow, RUS, 119435
Inter RAO UES PJSC is a Russian energy holding company of which the Russian Federation owns a majority interest. The principal activity of the company is the ownership of interests in subsidiaries operating in the energy industry throughout Russia and much of Eastern Europe. Through its subsidiaries, Inter RAO UES is involved in the production, supply, distribution, sale, import, and export of electricity and thermal energy. The company segments itself into Supply, Electric Power Generation in the Russian Federation, Thermal Power Generation in the Russian Federation, Trading, Foreign Assets, and Engineering business units. The Supply division encompasses most of the company's income.
17GF Score

Get the complete analysis for MIC:IRAO

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₽2.25
Price