Compania Nationala de Transport al Energiei Electrice Transelectrica SA (Transelectrica) is a Romania-based operator of the electricity transmission system. The Company is responsible for electricity transmission, system and market operation, grid and market infrastructure development ensuring the security of the Romanian power system. It also serves as the main link between electricity supply and demand, matching all the times power generation
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summary | Unit |
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
Sales | RON mil |
Gross Profit | RON mil |
EBIT | RON mil |
Net Profit | RON mil |
ROE | % |
EBIT Margin | % |
Net Margin | % |
2,552 | 2,683 | 3,152 | 2,801 | 2,495 | ||||||||
800 | 903 | 1,963 | 1,733 | 970 | ||||||||
98.6 | 188 | 209 | 113 | 271 | ||||||||
18.3 | 104 | 135 | 47.9 | 206 | ||||||||
0.951% | 5.32% | 6.66% | 2.11% | 8.07% | ||||||||
3.86% | 7.02% | 6.64% | 4.03% | 10.9% | ||||||||
0.715% | 3.87% | 4.30% | 1.71% | 8.26% |
Total Assets | RON mil |
Non-Current Assets | RON mil |
Current Assets | RON mil |
Shareholders' Equity | RON mil |
Liabilities | RON mil |
Non-Current Liabilities | RON mil |
Current Liabilities | RON mil |
Net Debt/EBITDA | |
Net Debt/Equity | |
Cost of Financing | % |
3,845 | 4,099 | 4,852 | 5,018 | 5,211 | ||||||||
3,006 | 3,215 | 3,298 | 3,805 | 3,673 | ||||||||
839 | 884 | 1,553 | 1,214 | 1,538 | ||||||||
1,905 | 2,003 | 2,063 | 2,467 | 2,641 | ||||||||
1,940 | 2,096 | 2,788 | 2,551 | 2,570 | ||||||||
1,215 | 1,172 | 1,381 | 1,571 | 1,560 | ||||||||
725 | 925 | 1,407 | 980 | 1,010 | ||||||||
2.77 | 2.21 | 1.67 | 2.01 | 0.893 | ||||||||
0.518 | 0.502 | 0.406 | 0.342 | 0.207 | ||||||||
... | 3.65% | 2.57% | 2.84% | 2.78% | 1.87% |
Total Cash From Operations | RON mil |
Total Cash From Investing | RON mil |
Total Cash From Financing | RON mil |
Net Change In Cash | RON mil |
301 | 504 | 567 | 491 | 577 | ||||||||
-361 | -486 | -367 | -395 | -248 | ||||||||
-28.8 | 9.46 | -42.4 | -95.0 | -7.65 | ||||||||
-88.7 | 27.3 | 158 | 0.421 | 321 |
... | ... | ... | 335 | 443 | 382 | 276 | 358 | |||||
73.4 | 73.4 | 73.4 | 73.4 | 73.4 | ||||||||
... | ... | ... | 13.5 | 19.3 | 17.4 | 12.7 | 15.8 | |||||
0.249 | 1.42 | 1.85 | 0.652 | 2.81 | ||||||||
25.9 | 27.3 | 28.1 | 33.6 | 36.0 | ||||||||
0.053 | 0.176 | 1.19 | 0.400 | 2.25 | ... | |||||||
... | ... | ... | 54.2 | 13.6 | 9.41 | 19.4 | 5.63 | |||||
... | ... | ... | 0.520 | 0.708 | 0.618 | 0.377 | 0.439 | |||||
... | ... | ... | 0.390% | 0.912% | 6.86% | 3.16% | 14.2% | ... | ||||
... | -63.8% | 470% | 30.3% | -64.7% | 330% | |||||||
... | -1.54% | 5.16% | 3.01% | 19.6% | 7.06% |
income statement | Unit |
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
Sales | RON mil |
Cost of Goods & Services | RON mil |
Gross Profit | RON mil |
EBITDA | RON mil |
Depreciation | RON mil |
EBIT | RON mil |
Financing Cost | RON mil |
Extraordinary Cost | RON mil |
Pre-Tax Profit | RON mil |
Tax | RON mil |
Minorities | RON mil |
Net Profit | RON mil |
Dividends | RON mil |
2,552 | 2,683 | 3,152 | 2,801 | 2,495 | ||||||||
1,752 | 1,780 | 1,189 | 1,068 | 1,525 | ||||||||
800 | 903 | 1,963 | 1,733 | 970 | ||||||||
356 | 456 | 500 | 421 | 614 | ||||||||
257 | 267 | 291 | 308 | 343 | ||||||||
98.6 | 188 | 209 | 113 | 271 | ||||||||
42.5 | 29.7 | 33.0 | 32.3 | 22.0 | ||||||||
44.0 | 28.5 | 0.642 | 12.0 | 0 | ||||||||
12.1 | 130 | 176 | 68.5 | 249 | ||||||||
-6.14 | 26.2 | 40.2 | 20.7 | 42.0 | ||||||||
0 | 0 | 0 | 0 | 0 | ||||||||
18.3 | 104 | 135 | 47.9 | 206 | ||||||||
3.86 | 12.9 | 87.5 | 29.4 | 165 | ... |
... | -14.6% | 5.16% | 17.5% | -11.1% | -10.9% | |||||||
... | -22.3% | 28.1% | 9.84% | -15.9% | 46.0% | |||||||
... | -54.6% | 91.1% | 11.1% | -46.2% | 140% | |||||||
... | -80.7% | 975% | 35.0% | -61.0% | 263% | |||||||
... | -63.8% | 470% | 30.3% | -64.7% | 330% |
ROE | % |
ROCE | % |
Gross Margin | % |
EBITDA Margin | % |
EBIT Margin | % |
Net Margin | % |
Payout Ratio | % |
Cost of Financing | % |
Net Debt/EBITDA |
0.951% | 5.32% | 6.66% | 2.11% | 8.07% | ||||||||
... | 0.571% | 3.05% | 3.95% | 1.34% | 5.32% | |||||||
31.3% | 33.7% | 62.3% | 61.9% | 38.9% | ||||||||
13.9% | 17.0% | 15.9% | 15.0% | 24.6% | ||||||||
3.86% | 7.02% | 6.64% | 4.03% | 10.9% | ||||||||
0.715% | 3.87% | 4.30% | 1.71% | 8.26% | ||||||||
21.1% | 12.4% | 64.6% | 61.3% | 80.1% | ... | |||||||
... | 3.65% | 2.57% | 2.84% | 2.78% | 1.87% | |||||||
2.77 | 2.21 | 1.67 | 2.01 | 0.893 |
balance sheet | Unit |
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
Non-Current Assets | RON mil |
Property, Plant & Equipment | RON mil |
Intangible Assets | RON mil |
Current Assets | RON mil |
Inventories | RON mil |
Receivables | RON mil |
Cash & Cash Equivalents | RON mil |
Total Assets | RON mil |
Shareholders' Equity | RON mil |
Of Which Minority Interest | RON mil |
Liabilities | RON mil |
Non-Current Liabilities | RON mil |
Long-Term Debt | RON mil |
Current Liabilities | RON mil |
Short-Term Debt | RON mil |
Trade Payables | RON mil |
Equity And Liabilities | RON mil |
3,006 | 3,215 | 3,298 | 3,805 | 3,673 | ||||||||
2,970 | 3,183 | 3,244 | 3,751 | 3,624 | ||||||||
30.4 | 26.4 | 48.4 | 48.0 | 44.0 | ||||||||
839 | 884 | 1,553 | 1,214 | 1,538 | ||||||||
41.5 | 48.8 | 53.5 | 62.9 | 47.0 | ||||||||
583 | 688 | 1,144 | 717 | 856 | ||||||||
164 | 160 | 322 | 319 | 635 | ||||||||
3,845 | 4,099 | 4,852 | 5,018 | 5,211 | ||||||||
1,905 | 2,003 | 2,063 | 2,467 | 2,641 | ||||||||
0 | 0 | 0 | 0 | 0 | ||||||||
1,940 | 2,096 | 2,788 | 2,551 | 2,570 | ||||||||
1,215 | 1,172 | 1,381 | 1,571 | 1,560 | ||||||||
947 | 982 | 943 | 955 | 951 | ||||||||
725 | 925 | 1,407 | 980 | 1,010 | ||||||||
203 | 185 | 217 | 209 | 232 | ||||||||
373 | 401 | 1,178 | 748 | 666 | ||||||||
3,845 | 4,099 | 4,852 | 5,018 | 5,211 |
... | -4.37% | 6.62% | 18.3% | 3.43% | 3.84% | |||||||
... | -1.54% | 5.16% | 3.01% | 19.6% | 7.06% | |||||||
... | 3.56% | 1.99% | -16.7% | 0.822% | -35.1% | |||||||
... | -2.27% | 1.43% | -0.550% | 0.309% | 1.65% |
Total Debt | RON mil |
Net Debt | RON mil |
Working Capital | RON mil |
Capital Employed | RON mil |
Net Debt/Equity | |
Cost of Financing | % |
1,150 | 1,167 | 1,160 | 1,164 | 1,183 | ||||||||
987 | 1,006 | 838 | 845 | 548 | ||||||||
251 | 336 | 18.8 | 32.1 | 237 | ||||||||
3,257 | 3,551 | 3,317 | 3,837 | 3,910 | ||||||||
0.518 | 0.502 | 0.406 | 0.342 | 0.207 | ||||||||
... | 3.65% | 2.57% | 2.84% | 2.78% | 1.87% |
cash flow | Unit |
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
Net Profit | RON mil |
Depreciation | RON mil |
Non-Cash Items | RON mil |
Change in Working Capital | RON mil |
Total Cash From Operations | RON mil |
Capital Expenditures | RON mil |
Other Investments | RON mil |
Total Cash From Investing | RON mil |
Dividends Paid | RON mil |
Issuance Of Debt | RON mil |
Total Cash From Financing | RON mil |
Net Change In Cash | RON mil |
18.3 | 104 | 135 | 47.9 | 206 | ||||||||
257 | 267 | 291 | 308 | 343 | ||||||||
... | 40.4 | 218 | -177 | 148 | 233 | |||||||
... | -15.1 | -84.8 | 317 | -13.3 | -205 | |||||||
301 | 504 | 567 | 491 | 577 | ||||||||
-364 | -487 | -373 | -396 | -255 | ||||||||
3.47 | 1.20 | 6.17 | 1.10 | 7.00 | ||||||||
-361 | -486 | -367 | -395 | -248 | ||||||||
-3.86 | -12.9 | -87.5 | -29.4 | -165 | ... | |||||||
... | -26.7 | 16.4 | -6.42 | 3.59 | 19.2 | |||||||
-28.8 | 9.46 | -42.4 | -95.0 | -7.65 | ||||||||
-88.7 | 27.3 | 158 | 0.421 | 321 |
Days Sales Outstanding | days |
Days Sales Of Inventory | days |
Days Payable Outstanding | days |
Cash Conversion Cycle | days |
Cash Earnings | RON mil |
Cash Earnings Per Share | RON |
Price/Cash Earnings (P/CE) | |
Free Cash Flow | RON mil |
Free Cash Flow Yield | % |
83.4 | 93.5 | 132 | 93.5 | 125 | ||||||||
... | 8.65 | 10.0 | 16.4 | 21.5 | 11.2 | |||||||
... | 77.8 | 82.2 | 362 | 256 | 159 | |||||||
... | 14.2 | 21.4 | -213 | -141 | -22.9 | |||||||
275 | 371 | 426 | 356 | 549 | ||||||||
3.75 | 5.05 | 5.81 | 4.85 | 7.48 | ||||||||
... | ... | ... | 3.59 | 3.82 | 2.99 | 2.61 | 2.11 | |||||
-59.9 | 17.8 | 200 | 95.5 | 329 | ||||||||
... | ... | ... | -5.87% | 1.27% | 17.2% | 9.96% | 27.6% |
other data | Unit |
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
ROA | % |
Gross Margin | % |
Effective Tax Rate | % |
Enterprise Value (EV) | USD mil |
EV/EBITDA | |
EV/Capital Employed | |
EV/Sales | |
EV/EBIT | |
Capital Expenditures (As % of Sales) | % |
0.464% | 2.62% | 3.03% | 0.970% | 4.03% | ||||||||
31.3% | 33.7% | 62.3% | 61.9% | 38.9% | ||||||||
-50.7% | 20.2% | 22.9% | 30.1% | 16.9% | ||||||||
... | ... | ... | 669 | 757 | 633 | 527 | 527 | |||||
... | ... | ... | 5.73 | 5.29 | 3.86 | 4.35 | 2.86 | |||||
... | ... | ... | 0.607 | 0.683 | 0.637 | 0.463 | 0.437 | |||||
... | ... | ... | 0.799 | 0.897 | 0.613 | 0.653 | 0.703 | |||||
... | ... | ... | 20.7 | 12.8 | 9.22 | 16.2 | 6.47 | |||||
14.3% | 18.2% | 11.8% | 14.1% | 10.2% |
This Statistical Dossier offers a summary of Transelectrica's performance between 2003 and 2015 on an annual basis. The report can be downloaded in Excel file format.
You will find here all the key numbers from the company's balance sheet, income statement, cash flow and the main ratios related to the firm's business.
If you are only interested in specific
Read more »This Statistical Dossier offers a summary of Transelectrica's performance between 2003 and 2015 on an annual basis. The report can be downloaded in Excel file format.
You will find here all the key numbers from the company's balance sheet, income statement, cash flow and the main ratios related to the firm's business.
If you are only interested in specific areas of the Company's business, you find and download them at the Company's Corporate Profile.
If you want to see more reports about the Company, please, go to the Company's Reports Page.
Compania Nationala de Transport al Energiei Electrice Transelectrica SA (Transelectrica) is a Romania-based operator of the electricity transmission system. The Company is responsible for electricity transmission, system and market operation, grid and market infrastructure development ensuring the security of the Romanian power system. It also serves as the main link between electricity supply and demand, matching all the times power generation
Compania Nationala de Transport al Energiei Electrice Transelectrica SA (Transelectrica) is a Romania-based operator of the electricity transmission system. The Company is responsible for electricity transmission, system and market operation, grid and market infrastructure development ensuring the security of the Romanian power system. It also serves as the main link
Read more »Compania Nationala de Transport al Energiei Electrice Transelectrica SA (Transelectrica) is a Romania-based operator of the electricity transmission system. The Company is responsible for electricity transmission, system and market operation, grid and market infrastructure development ensuring the security of the Romanian power system. It also serves as the main link between electricity supply and demand, matching all the times power generation with demand. Transelectrica is organized in eight territorial transmission branches and one more branch acting as a metering operator for the electricity traded on the wholesale market. The Company is publicly traded with 58.7% of shares being held by the Ministry of Economy and Commerce as of the end of 2013. It is listed at the Bucharest Stock Exchange.
This report offers a summary of the company's performance in 2003-2012. You will find here all the key numbers from the company's balance sheet, income statement and cash flow on the annual, in the local currency as well as in USD
Compania Nationala de Transport al Energiei Electrice Transelectrica SA (Transelectrica) is a Romania-based operator of the electricity transmission system. The Company is responsible for electricity transmission, system and market operation, grid and market infrastructure development ensuring the security of the Romanian power system. It also serves as the main link
Read more »Compania Nationala de Transport al Energiei Electrice Transelectrica SA (Transelectrica) is a Romania-based operator of the electricity transmission system. The Company is responsible for electricity transmission, system and market operation, grid and market infrastructure development ensuring the security of the Romanian power system. It also serves as the main link between electricity supply and demand, matching all the times power generation with demand. Transelectrica is organized in eight territorial transmission branches and one more branch acting as a metering operator for the electricity traded on the wholesale market. The Company is publicly traded with 58.7% of shares being held by the Ministry of Economy and Commerce as of the end of 2013. It is listed at the Bucharest Stock Exchange.
This excel file offers a summary of the company's performance in 2003-2012. You will find here all the key numbers from the company's balance sheet, income statement and cash flow on the annual, in the local currency as well as in USD
Transelectrica invested total of RON 244 mil in 2015, up 24.5% when compared to the previous year. Historically, company's investments reached an all time high of RON 564 mil in 2005 and an all time low of RON 196 mil in 2014.
Read more »Transelectrica invested total of RON 244 mil in 2015, up 24.5% when compared to the previous year. Historically, company's investments reached an all time high of RON 564 mil in 2005 and an all time low of RON 196 mil in 2014.
When compared to total sales, investments reached 8.17% in 2015, up from 6.94% seen in the previous year. This is compared to 10.3% seen on average in the last five years.
As far as Transelectrica's peers are concerned, PGE invested RON 8,606 mil, or 30.2% of its sales in 2015. The comparable figures for ENEA are RON 2,847 mil and 28.9% respectively and RON 31,909 mil and 15.2% at CEZ on 2015 numbers.
You can see all the company’s data at Transelectrica Profile, or you can download a report on the company in the report section.
Transelectrica's net debt reached RON -257 mil and accounted for -0.084 of equity at the end of 2015. The ratio is down 327% when compared to the previous year.
Historically, the firm’s net debt to equity reached an all time
Read more »Transelectrica's net debt reached RON -257 mil and accounted for -0.084 of equity at the end of 2015. The ratio is down 327% when compared to the previous year.
Historically, the firm’s net debt to equity reached an all time high of 0.642 in 2005 and an all time low of -0.084 in 2015.
When compared to EBITDA, net debt amounted to -0.331x at the end of the year. The ratio reached an all time high of 2.77 in 2009 and an all time low of -0.331 in 2015.
As far as Transelectrica's peers are concerned, PGE posted net debt to equity of 0.128x and 0.625x when compared to EBITDA at the end of 2015. ENEA ended the year 2015 with a net debt at 0.325x of equity and 10.4x when compared to its EBITDA while ENEA had net debt at 0.325x of equity and 10.4x to EBITDA at the end of the year.
You can see all the company’s data at Transelectrica Profile, or you can download a report on the company in the report section.
Transelectrica's total assets reached RON 5,321 mil at the end of 2015, up 8.14% when compared to the previous year.
Current assets amounted to RON 1,848 mil, or 34.7% of total assets while cash reached RON 1,073 mil at the end of 2015.
Read more »Transelectrica's total assets reached RON 5,321 mil at the end of 2015, up 8.14% when compared to the previous year.
Current assets amounted to RON 1,848 mil, or 34.7% of total assets while cash reached RON 1,073 mil at the end of 2015.
On the other hand, total debt reached RON 816 mil at the year-end, or 34.7% of total assets while firm's equity amounted to RON 3,060 mil. As a result, net debt reached RON -257 mil at the end of 2015 and accounted for -8.40% of equity.
You can see all the company’s data at Transelectrica Profile, or you can download a report on the company in the report section.
Transelectrica made a net profit of RON 348 mil under revenues of RON 2,986 mil in 2015, down -1.42% and 5.77%, respectively, when compared to the last year. This translates into a net margin of 11.7%.
Historically, the firm’s
Read more »Transelectrica made a net profit of RON 348 mil under revenues of RON 2,986 mil in 2015, down -1.42% and 5.77%, respectively, when compared to the last year. This translates into a net margin of 11.7%.
Historically, the firm’s net profit reached an all time high of RON 353 mil in 2014 and an all time low of RON 18.3 mil in 2009. Since 2010, the firm's net profit has increased 235% or 27.3% a year on average.
On the operating level, EBITDA reached RON 776 mil, up -6.05% when compared to the previous year. Over the last five years, company's EBITDA has grown 11.2% a year on average.
As far as Transelectrica's peers are concerned, PGE posted net and EBITDA margin of -10.6% and 28.9%, respectively in 2015, ENEA generated margins of -4.42% and 3.83% and CEZ's profit margin reached 9.87% on the net and 27.4% on the EBITDA level in 2015.
You can see all the company’s data at Transelectrica Profile, or you can download a report on the company in the report section.