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
Units | 2013 | 2014 | 2015 | 2016 | 2017 | |
Revenues | mln RUB | 196 065,4 | 185 611,4 | 181 232,4 | 201 210,8 | 216 205,8 |
Expenses | mln RUB | 208 288,4 | 204 630,5 | 198 789,5 | 207 052,4 | 209 968,5 |
Operating expenses | mln RUB | 208 288,0 | 204 630,2 | 198 789,3 | 185 435,5 | 188 706,8 |
General and Administrative expenses | mln RUB | 0,0 | 0,0 | 0,0 | 21 616,8 | 21 261,7 |
Commercial expenses | mln RUB | 382,7 | 275,0 | 198,4 | 17,4 | 1,5 |
Operating income/loss | mln RUB | -12 605,3 | -19 293,9 | -17 755,3 | -5 859,0 | 6 235,8 |
Income/loss before taxation | mln RUB | 7 394,2 | 1 228,3 | 2 429,2 | 8 468,2 | 10 944,3 |
Net income/loss | mln RUB | 4 099,2 | -390,1 | 141,1 | 5 286,9 | 7 911,1 |
EBITDA | mln RUB | 22 504,4 | 16 422,8 | 18 187,5 | 24 110,3 | 26 959,0 |
inc.Depreciation | mln RUB | 14 445,1 | 14 228,7 | 13 767,0 | 13 653,4 | 13 726,1 |
Comparison of income, expenses and profit growth rates
Units | 2014 | 2015 | 2016 | 2017 | |
Income growth rate | % | -5,3 | -2,4 | 11,0 | 7,5 |
Expenditure growth rate | % | -1,8 | -2,9 | 4,1 | 1,4 |
Operating expenses growth rate | % | -1,8 | -2,9 | -6,7 | 1,8 |
Commercial and Administrative expenses growth rate | % | -28,1 | -27,9 | 10 802,8 | -1,7 |
Operating income growth rate | % | -53,1 | 8,0 | 67,0 | 206,4 |
Profit before tax growth rate | % | -83,4 | 97,8 | 248,6 | 29,2 |
II.Return on capital
Units | Abbr. | 2013 | 2014 | 2015 | 2016 | 2017 | |
Return on Sales | % | ROS | 2,09 | -0,21 | 0,08 | 2,63 | 3,66 |
Pretax Profit margin | % | PPM | 3,77 | 0,66 | 1,34 | 4,21 | 5,06 |
Operating margin | % | OPM | -6,43 | -10,39 | -9,80 | -2,91 | 2,88 |
EBITDA profitability | % | EbitdaP | 11,48 | 8,85 | 10,04 | 11,98 | 12,47 |
Return on Assets | % | ROA | 1,94 | -0,17 | 0,06 | 2,28 | 3,26 |
Return on Invested Capital | % | ROIC | 2,71 | 0,31 | 1,10 | 3,69 | 4,91 |
Weighted Average Cost of Capital | % | WACC | 0,1 | 2,5 | 0,6 | 0,8 | 3,9 |
Cost of Equity | % | Re | -0,2 | 2,3 | 0,0 | 0,2 | 3,4 |
Cost of Debt | % | Rd | 6,7 | 6,7 | 11,8 | 11,1 | 10,7 |
Assets | mln RUB | A | 215 739,0 | 230 497,1 | 227 621,0 | 235 269,6 | 250 011,7 |
Equity | mln RUB | E | 171 817,8 | 180 490,8 | 180 631,9 | 185 616,4 | 193 527,5 |
Longterm Debt | mln RUB | D | 9 330,9 | 13 276,9 | 11 569,3 | 16 194,9 | 20 515,6 |
Invested Capital | mln RUB | IC | 181 148,7 | 193 767,7 | 192 201,2 | 201 811,3 | 214 043,1 |
Net Assets | mln RUB | NA | 215 162,2 | 229 919,2 | 227 012,6 | 234 743,3 | 249 582,6 |
III.Working capital
Units | 2013 | 2014 | 2015 | 2016 | 2017 | |
Working capital | mln RUB | -1 878,9 | -6 120,3 | -6 777,0 | -39,3 | -804,7 |
Current assets | mln RUB | 28 964,6 | 23 801,3 | 20 877,6 | 26 654,5 | 29 272,8 |
Inventories | mln RUB | 4 212,3 | 3 500,1 | 3 409,1 | 3 398,1 | 3 594,9 |
Accounts receivable | mln RUB | 8 328,5 | 7 846,5 | 5 254,6 | 7 060,0 | 12 090,8 |
Cash and cash equivalents | mln RUB | 15 196,5 | 10 661,4 | 11 026,3 | 13 432,0 | 13 286,4 |
Curent financial assets | mln RUB | 0,0 | 500,0 | 0,0 | 2 000,0 | 0,0 |
Other current assets | mln RUB | 1 227,4 | 1 293,3 | 1 187,6 | 764,4 | 300,6 |
Current liabilities | mln RUB | 30 843,5 | 29 921,5 | 27 654,5 | 26 693,8 | 30 077,5 |
Accounts payable | mln RUB | 27 603,4 | 26 456,1 | 24 371,4 | 22 086,6 | 24 429,9 |
Other current liabilities | mln RUB | 3 240,1 | 3 465,4 | 3 283,1 | 4 607,2 | 5 647,5 |
Working capital turnover
Units | 2013 | 2014 | 2015 | 2016 | 2017 | |
Working capital turnover | days | -5,5 | -7,9 | -13,0 | -6,2 | -0,7 |
Current assets turnover | days | 53,2 | 51,9 | 45,0 | 43,2 | 47,2 |
Inventories turnover | days | 7,4 | 7,6 | 7,0 | 6,2 | 5,9 |
Accounts receivable turnover | days | 15,4 | 15,9 | 13,2 | 11,2 | 16,2 |
Current liabilities turnover | days | 58,8 | 59,7 | 58,0 | 49,4 | 47,9 |
Accounts payable turnover | days | 53,3 | 53,2 | 51,2 | 42,3 | 39,3 |
IV.Liquidity and financial strength
Methodology for Financial strength evaluation
sustainable
satisf.
poor
crisis
Units | 2013 | 2014 | 2015 | 2016 | 2017 | |
Financial strength Rating | cat. | C2 | C3 | C2 | C2 | C2 |
Financial strength Score | point | 8,75 | 7,75 | 9,00 | 8,50 | 8,50 |
Level of financial strength | - | poor | poor | poor | poor | poor |
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
Units | 2013 | 2014 | 2015 | 2016 | 2017 | |
Cash at the beginning of the period | mln RUB | 13 681,9 | 15 196,5 | 10 661,4 | 11 026,3 | 13 432,0 |
Net profit | mln RUB | 4 099,2 | -390,1 | 141,1 | 5 286,9 | 7 911,1 |
Amortization | mln RUB | 14 445,1 | 14 228,7 | 13 767,0 | 13 653,4 | 13 726,1 |
Revaluation and deferred taxes [+] | mln RUB | 5 348,3 | 9 191,8 | -12 278,5 | 384,8 | 6 986,6 |
Decrease in Inventories | mln RUB | -495,3 | 712,1 | 91,0 | 11,0 | -196,8 |
Descrease in Accounts receivable | mln RUB | -142,6 | 482,0 | 2 591,9 | -1 805,4 | -5 030,8 |
Increase in Accounts payable | mln RUB | -3 689,6 | -1 147,3 | -2 084,7 | -2 284,8 | 2 343,3 |
Changes in other working capital | mln RUB | 538,7 | 159,5 | -76,6 | 1 747,2 | 1 504,1 |
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 RUB | 4 272,0 | 5 678,4 | -795,0 | 1 481,8 | 5 227,5 |
Contribution to share capital [+] | mln RUB | 0,0 | 5 000,0 | 12 825,2 | 0,0 | 0,0 |
Dividends and other distrubution of net profit [-] | mln RUB | 184,6 | -4 297,0 | 0,0 | -309,4 | -6 764,4 |
Cash at the end of the period | mln RUB | 15 196,5 | 10 661,4 | 11 026,3 | 13 432,0 | 13 286,4 |
* This report is based upon web-open information and data including company annual reports and annual financial statements