Financial analysis of JSCo «Federal Passenger Company»

This financial profile page contains financial analisys of financial reports of JSCo «Federal Passenger Company». Financial analysis of financial reports of JSCo «Federal Passenger Company» includes the analisys of income, income and expenses growth rates, analisys of working capital structure and annual dynamics. JSCo «Federal Passenger Company» .

Financial reports of JSCo «Federal Passenger Company»

This financial profile page of JSCo «Federal Passenger Company» cosists of links to annual financial reports of JSCo «Federal Passenger Company». Flexible and user-friendly web-instruments enable horizontal and vertical analisys of indexes of financial reports of JSCo «Federal Passenger Company».

Liquidity and financial strength of JSCo «Federal Passenger Company»

This financial profile page includes dynamic analisys of liquidity and financial strength of JSCo «Federal Passenger Company». Calculation of financial strength rating is based upon JSCo «Russian railways» methodics. Moreover, it presents Cash flow statement by indirect method for JSCo «Federal Passenger Company» with the user-opportunity to change analitical period of cash flows of JSCo «Federal Passenger Company». Cash flow statement by indirect metod illustrates the directions of cash flows of JSCo «Federal Passenger Company» in the certain period.

* This report is based upon web-open information and data including company annual reports and annual financial statements

 

Balance sheet JSCo «Federal Passenger Company»

Profits and losses statement JSCo «Federal Passenger Company»

*JSCo «Federal Passenger Company»

Foundation 2009
TIN 7708709686
PSRN 1097746772738
Web-site http://fpc.ru
Specialization Intercity passenger transportation
Holding

- Russian Railways Holding

- JSCo «Federal Passenger Company»

JSCo «FPC» is a subsidiary of JSCo «Russian Railways»; it was created in accordance with the structural reform program for railway transport. The equity stake of JSCo «Russian Railways» is 100% minus one stock. The primary activity is transportation of passengers in long-distance domestic and international trains.

JSCo «FPC» is the absolute leader of the transport services market in terms of transportation of passengers in long-distance trains. The company’s share in total passenger turnover for all types of long-distance domestic transport exceeds 56%.

I.Financial results review

  Units20132014201520162017
Revenues mln RUB196 065,4185 611,4181 232,4201 210,8216 205,8
Expenses mln RUB208 288,4204 630,5198 789,5207 052,4209 968,5
Operating expenses mln RUB208 288,0204 630,2198 789,3185 435,5188 706,8
General and Administrative expenses mln RUB0,00,00,021 616,821 261,7
Commercial expenses mln RUB382,7275,0198,417,41,5
Operating income/loss mln RUB-12 605,3-19 293,9-17 755,3-5 859,06 235,8
Income/loss before taxation mln RUB7 394,21 228,32 429,28 468,210 944,3
Net income/loss mln RUB4 099,2-390,1141,15 286,97 911,1
EBITDA mln RUB22 504,416 422,818 187,524 110,326 959,0
inc.Depreciation mln RUB14 445,114 228,713 767,013 653,413 726,1

Comparison of income, expenses and profit growth rates

  Units2014201520162017
Income growth rate %-5,3-2,411,07,5
Expenditure growth rate %-1,8-2,94,11,4
Operating expenses growth rate %-1,8-2,9-6,71,8
Commercial and Administrative expenses growth rate %-28,1-27,910 802,8-1,7
Operating income growth rate %-53,18,067,0206,4
Profit before tax growth rate %-83,497,8248,629,2

II.Return on capital

  Units Abbr.20132014201520162017
Return on Sales % ROS2,09-0,210,082,633,66
Pretax Profit margin % PPM3,770,661,344,215,06
Operating margin % OPM-6,43-10,39-9,80-2,912,88
EBITDA profitability % EbitdaP11,488,8510,0411,9812,47
Return on Assets % ROA1,94-0,170,062,283,26
Return on Invested Capital % ROIC2,710,311,103,694,91
Weighted Average Cost of Capital % WACC0,12,50,60,83,9
Cost of Equity % Re-0,22,30,00,23,4
Cost of Debt % Rd6,76,711,811,110,7
Assets mln RUB A215 739,0230 497,1227 621,0235 269,6250 011,7
Equity mln RUB E171 817,8180 490,8180 631,9185 616,4193 527,5
Longterm Debt mln RUB D9 330,913 276,911 569,316 194,920 515,6
Invested Capital mln RUB IC181 148,7193 767,7192 201,2201 811,3214 043,1
Net Assets mln RUB NA215 162,2229 919,2227 012,6234 743,3249 582,6

III.Working capital

  Units20132014201520162017
Working capital mln RUB-1 878,9-6 120,3-6 777,0-39,3-804,7
Current assets mln RUB28 964,623 801,320 877,626 654,529 272,8
Inventories mln RUB4 212,33 500,13 409,13 398,13 594,9
Accounts receivable mln RUB8 328,57 846,55 254,67 060,012 090,8
Cash and cash equivalents mln RUB15 196,510 661,411 026,313 432,013 286,4
Curent financial assets mln RUB0,0500,00,02 000,00,0
Other current assets mln RUB1 227,41 293,31 187,6764,4300,6
Current liabilities mln RUB30 843,529 921,527 654,526 693,830 077,5
Accounts payable mln RUB27 603,426 456,124 371,422 086,624 429,9
Other current liabilities mln RUB3 240,13 465,43 283,14 607,25 647,5

Working capital turnover

  Units20132014201520162017
Working capital turnover days-5,5-7,9-13,0-6,2-0,7
Current assets turnover days53,251,945,043,247,2
Inventories turnover days7,47,67,06,25,9
Accounts receivable turnover days15,415,913,211,216,2
Current liabilities turnover days58,859,758,049,447,9
Accounts payable turnover days53,353,251,242,339,3

IV.Liquidity and financial strength

Methodology for Financial strength evaluation

sustainable

satisf.

poor

crisis

  Units20132014201520162017
Financial strength Rating cat.C2C3C2C2C2
Financial strength Score point8,757,759,008,508,50
Level of financial strength -poorpoorpoorpoorpoor
Liquidy coefficients
Current Ratio -0,88| 1p.0,70| 1p.0,65| 1p.0,88| 1p.0,90| 1p.
Quick Ratio -0,72| 2p.0,56| 2p.0,50| 2p.0,74| 2p.0,78| 3p.
Absolute Liquid Ratio -0,46| 4p.0,31| 4p.0,34| 4p.0,44| 4p.0,41| 4p.
Indexes of financial stability
Financial independence ratio -0,80| 3p.0,78| 3p.0,79| 3p.0,79| 3p.0,77| 3p.
Return indexes
Return on Sales %2,09| 2p.-0,21| 1p.0,08| 2p.2,63| 2p.3,66| 2p.
Resurn on Equity %2,45| 3p.-0,22| 1p.0,08| 2p.2,89| 3p.4,17| 3p.
Return on Assets %1,94| 2p.-0,17| 1p.0,06| 2p.2,28| 2p.3,26| 2p.
Indexes of economic activity
Accounts receivable growth rate %1,74| 2p.-5,79| 3p.-33,03| 4p.34,36| 1p.71,26| 1p.
Accounts payable growth rate %-7,02| 3p.-4,16| 3p.-7,88| 3p.-9,37| 3p.10,61| 1p.
Accounts receivable to Accounts payable ratio -0,30| 1p.0,30| 1p.0,22| 1p.0,32| 1p.0,49| 1p.
Accounts receivable to Accounts payable turnovers' ratio -0,29| 1p.0,30| 1p.0,26| 1p.0,27| 1p.0,41| 1p.

V.Cash flow statement indirect method

from till

  Units20132014201520162017
Cash at the beginning of the period mln RUB13 681,915 196,510 661,411 026,313 432,0
Net profit mln RUB4 099,2-390,1141,15 286,97 911,1
Amortization mln RUB14 445,114 228,713 767,013 653,413 726,1
Revaluation and deferred taxes [+] mln RUB5 348,39 191,8-12 278,5384,86 986,6
Decrease in Inventories mln RUB-495,3712,191,011,0-196,8
Descrease in Accounts receivable mln RUB-142,6482,02 591,9-1 805,4-5 030,8
Increase in Accounts payable mln RUB-3 689,6-1 147,3-2 084,7-2 284,82 343,3
Changes in other working capital mln RUB538,7159,5-76,61 747,21 504,1
Net cash used in investing activities mln RUB-23 045,8-34 153,1-13 816,6-15 759,9-25 852,4
Net cash from financial activities mln RUB4 272,05 678,4-795,01 481,85 227,5
Contribution to share capital [+] mln RUB0,05 000,012 825,20,00,0
Dividends and other distrubution of net profit [-] mln RUB184,6-4 297,00,0-309,4-6 764,4
Cash at the end of the period mln RUB15 196,510 661,411 026,313 432,013 286,4

* This report is based upon web-open information and data including company annual reports and annual financial statements