According to the financial brokerage firm, the value of Lietuvos Gelezinkeliai is estimated at around 2.18 billion litas (EUR 632m) and "the company's stable sales revenues and high profitability makes it exceptionally attractive for investors."
The railway operator received the highest qualitative scores for operations in the industrial sector. Since the company operates as a natural monopoly, its profitability and return indicators were above the industrial sector's average, while its debt and liquidity indicators did not exceed the sector's average.
The lowest scores were for transparency of activities.
Lietuvos Geležinkeliai has not yet fully used its development and operating efficiency potential and, therefore, is expected to grow its profits in the future, according to the report.
In its study of state-owned companies' investment attractiveness, Orion Securities selected 27 out of 149 companies. The estimated value of these 27 companies exceeded 14 million litas, thus meeting the NASDAQ OMX stock exchange's listing requirements.
