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General information

Leading nitrogen fertilizers producer, increasing output every year and having US-denominated sales; subject to nitrogen fertilizers volatility
  • Current market environment: positive. Prices of production are 5.9% higher compared to the last 12 months (LTM)
  • Prices of production are at 65.2% percentile over the past 5 years, adjusted for inflation
  • Dividend yield for the last twelve months 3.3%
  • Free cash flow yield -3.5% (LTM), projected -2.9%
  • Share of USD-denominated sales in revenue of the company (estimate) 97.8%
  • Share price is 20.5% higher than minimum and 20.8% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (11.9x vs
    )
  • The company is overvalued by EV / projected EBITDA multiple compared to target level (
    vs
    )
  • Taking into account the impact of the key rate 21.0% on the change in financial parameters: EBITDA adjustment is -6 516 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is 63 899 mln rub, expected mult is 11.8x, target mult is 8.9x, potential is -28.0%

Key Financials (Download financials)

Ticker: AKRN
Share price, RUB:  (0.0%)16270
year average price 16402  


year start price 16830 2024-05-10

min close price 14850 2024-09-02

max close price 18178 2025-02-12

current price 16270 2025-05-09
Common stocks: 40 530 000
Dividend Yield:  3.3%
FCF Yield LTM / expected: -3.5% / -2.9%
EV / LTM EBITDA:11.9x
EV / EBITDA annualized: 9.5x
Production prices change from LTM: 5.9%
EV / projected EBITDA:
Target EV / EBITDA (hist percentile):
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 659 423
Net Debt (m RUB): 116 473
EV (Enterprise Value): 775 896
EBITDA LTM (m RUB): 65 198
Net Income LTM (m RUB): 30 520
EV / LTM EBITDA: 11.9x
Net Debt / LTM EBITDA (if EBITDA > 0): 1.8x
Average daily trading volume for the week, RUB mln: 7
P / E 21.6x
P / E ann-d15.9x
P / B 3.1x
EBITDA margin ann-d 37.0%
Net income margin ann-d 18.8%

Revenue and EBITDA

Quarterly values (m RUB)

Change (y/y)

Cash Flow

FCF (m RUB), before FX effects elimination

Net Debt / Cash and Equivalents (m RUB)

Share price and dividends (Download history)

Share price

Payment RUB per share

Multiple and potential

EV / LTM EBITDA and 50% percentile

Potential dynamics

Daily trade volumes

Millions of RUB

P/B and P/E multipliers

P / B

P / E

More information for subscribed users:
detailed calculation of
Potential and Created Value,
commodities affecting the company