OREANDA-NEWS. "Donbasenergo < DOEN UZ USD36.64 Hold  > is the smallest listed thermal GenCo but it hasn’t been overlooked in the post-election rally, as its share price rose on a par with its bigger brethren," an expert of Millennium Capital argues.  In comparison with other companies in the sector, DOEN’s DCF modeled 12-month target price shows the company as overvalued. But, according to a price to capacity ratio, the company is very cheap, especially compared to its Russian peers. "These two valuations balance each other and, given that other relative valuation tools show the company to be undervalued, in the end we get an upside of 15.0% and therefore assign DOEN a Hold," the analyst summarizes.