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General information

Leading Russian developer of platforms for collecting and storing data. As of September 2024, it has more than 500 employees, 115 large clients from various industries, 10 finished products and 3 prototypes. The company estimates the target market volume by 2030 at 231 billion rubles
  • Good financial results growth rate 160.4% (average between last period year over year growth for revenue and EBITDA), there is acceleration compared to average historical growth rates (49.3%)
  • Dividend yield for the last twelve months 3.3%
  • Free cash flow yield 9.4% (LTM)
  • Share price is 32.7% higher than minimum and 39.0% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (6.5x vs
    )
  • Fundamental value created in LTM (estimate)
  • Taking into account the impact of the key rate 15.0% on the change in financial parameters: EBITDA adjustment is 124 mln rub as NetDebt * (expected key rate - 3 years average 0.0%) / 2, expected EBITDA adjusted for key rate increases is 578 mln rub, expected mult is 33.5x, target mult is 13.8x, potential is -50.8%

Key Financials (Download financials)

Ticker: DATA
Share price, RUB:  (-3.4%)103.02
year average price 108.47  


year start price 137.40 2025-04-02

max close price 137.40 2025-04-02

min close price 77.66 2026-01-05

current price 103.80 2026-04-01
Common stocks: 218 021 202

Dividend Yield:  3.3%
FCF Yield LTM: 9.4%
EV / LTM EBITDA:6.5x
EV / EBITDA annualized: 2.3x
Last revenue growth (y/y):  100.7%
Last growth of EBITDA (y/y):  200.0%
Historical revenue growth:  54.6%
Historical growth of EBITDA:  43.9%
Target EV / EBITDA (hist percentile):
Express share price potential:
Fundamental value created in LTM:
Fundamental value created in LTM:
 Mult Upside+107.0%
 FCF Creation+9.4%
 Growth+150.3%
 Growth Corr+50.5%
 
 Sum+317.3%
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 22 461
Net Debt (m RUB): -2 560
EV (Enterprise Value): 19 901
EBITDA LTM (m RUB): 3 077
Net Income LTM (m RUB): -920
EV / LTM EBITDA: 6.5x
Net Debt / LTM EBITDA (if EBITDA > 0): -0.8x
Average daily trading volume for the week, RUB mln: 144
P / B 26.0x
EBITDA margin ann-d 57.7%
Net income margin ann-d -67.8%

Revenue and EBITDA

Semi-Annual 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

MSFO data *The values are shown in mln. The % change shows the difference from the same period last year

View as Pivot Table       Export as Pivot Table (xlsx)



Income


Q Revenue Gross profit Operating income Net income PercentProfit PercentLoss
 
2025 H2            
2025 H1 1 356-42% 1 179-42% -1 255<-100% -920<-100% 315>+200% -50+5%
2024 H2 3 686+26% 3 486+25% 1 277-23% 1 330-13% 94+161% -175-8%
2024 H1 2 329+126% 2 047+125% 554<-100% 608<-100% 92+73% -47-18%
2023 H2 2 920+58% 2 778+156% 1 661>+200% 1 532>+200% 36 -190>+200%
2023 H1 1 031 912 -66 -75 53 -58
2022 H2 1 843 1 083 428 485   -40


Balance


Implied interest rate for 2024 H1:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (47 - 92) * 2 / (152 - -14)

Q Total equity Total assets Net debt Implied interest rate NetDebt / LTM EBITDA
 
2025 H2         -0.83x
2025 H1 863-11% 2 859+9% -557<-100%   -3.92x
2024 H2 2 384<-100% 4 433+32% -1 159+11%   -0.60x
2024 H1 974 2 616 152 -53.6% 0.02x
2023 H2 -2 3 356 -1 049   -0.63x
2023 H1         -1.51x
2022 H2         -1.79x


Cashflow


Q Operating cashflow Investing cashflow Financial cashflow
 
2025 H2 2 884+122% 487>+200% 2 378+96%
2025 H1 3920% -287>+200% -670-39%
2024 H2 1 299+121% 37-38% 1 216+144%
2024 H1 391-26% -28-46% -1 101+7%
2023 H2 589+5% 61>+200% 499+70%
2023 H1 527 -51 -1 030
2022 H2 560 5 294
RSBU data *The values are shown in mln. The % change shows the difference from the same period last year

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Income


Q Revenue Gross profit Operating income Net income PercentProfit PercentLoss
 
2025 q3 00% 00% -23-6% -15-13% 12+26% -1>+200%
2025 q2 00% 00% -20>+200% -10>+200% 24+130% 0+15%
2025 q1 666-43% 666-43% 639-44% 799-31% 12-30% 0+13%
2024 q4 486+94% 486+94% 398+68% 260+88% 16+98% 0+29%
2024 q3 0<-100% 0<-100% -25<-100% -17<-100% 10+5% 0+15%
2024 q2 0 0 -4 -3 10 0
2024 q1 1 167 1 167 1 145 1 161 18 0
2023 q4 251+16% 251+16% 236+14% 138-38% 8-54% 0-6%
2023 q3 193 193 185 10 9 0
2022 q4 217+169% 217+175% 208+182% 223+182% 18+199% 0
2021 q4 81>+200% 79>+200% 74>+200% 79>+200% 6>+200%  
2020 q4 2 2 2 1 0  


Balance


Q Total equity Total assets Net debt
 
2025 q3 664+91% 687+89% -215+51%
2025 q2 679 715 -246
2025 q1 1 408 1 451 -209
2024 q4 609-6% 617-11% -47-31%
2024 q3 347 364 -142
2024 q2      
2024 q1      
2023 q4 651-42% 692-39% -68-88%
2023 q3      
2022 q4 1 117+45% 1 130+45% -551+4%
2021 q4 771 779 -527>+200%
2020 q4     -13
More information for subscribed users:
detailed calculation of
Potential and Created Value,
commodities affecting the company