ЭКОНОМИЧЕСКИЕ МЕХАНИЗМЫ ОЦЕНКИ ЭНЕРГОЭФФЕКТИВНОСТИ КРУПНЫХ ЭНЕРГЕТИЧЕСКИХ КОМПАНИЙ КАК ФАКТОР ИХ ИНВЕСТИЦИОННОЙ ПРИВЛЕКАТЕЛЬНОСТИ

Abstract

Today, institutional and private investors face the problem of an objective investment assessment of companies when investing their funds. Fundamental financial indicators of companies do not always fully reflect their efficiency, including when using fuel and energy resources. This problem is especially relevant for energy companies that consume a significant amount of fuel and where excess fuel losses are often included in the tariff to the consumer. In this work, the object of the research is various energy companies in Russia, whose shares are traded on the Moscow Exchange. The subject of the research is the investment attractiveness of large energy companies with an emphasis on their energy efficiency. The purpose of the research is to develop a new way to assess the investment attractiveness of large energy companies, taking into account their actual energy efficiency. The main research tasks are to analyze existing methods for assessing the financial efficiency of heat generating companies, as well as to develop a new method for assessing the investment attractiveness of heat generating companies, taking into account their actual energy efficiency. For the analysis of key fundamental financial indicators, three heat generating companies located in different regions of Russia and using different energy production cycles, as well as using different types of fuel have been selected. The methodology and research methods are based on a fundamental financial analysis of the indicators of heat generating companies. A comparative analysis of the profitability of three heat generating companies, as well as the average indicators for the industry, revealed the most inefficient company. For this company, an analysis of other financial indicators for the last ten reporting years has been performed. A comparative analysis of the specific fuel consumption for the generation of heat and electricity in these companies has also been performed. Based on the results of the results obtained, it is proposed for an objective investment assessment of heat generating companies to adjust their revenue and profitability, taking into account the indicators of their actual energy efficiency