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General information

Largest gold producer with solid corporate governance and annually increasing gold output. The richest (in terms of grade) Olimpiada deposit is showing decreasing output recently, which can lead to increase of cash cost per ounce
  • Current market environment: positive. Prices of production are 15.1% higher compared to the last 12 months (LTM)
  • Prices of production are at 99.8% percentile over the past 5 years, adjusted for inflation (are close to maximum)
  • Dividend yield for the last twelve months 10.8%
  • Free cash flow yield 12.5% (LTM), projected 8.8%
  • Share of USD-denominated sales in revenue of the company (estimate) ≈ 100.0%
  • Share price is 277.2% higher than minimum and 4.3% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (4.9x vs
    )
  • The company is undervalued by EV / projected EBITDA multiple compared to target level (
    vs
    )
  • Taking into account the impact of the key rate 21% on the change in financial parameters: EBITDA adjustment is -29 134 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is 384 647 mln rub, expected mult is 5.7x, target mult is 6x, potential is +5.0%

Key Financials (Download financials)

Ticker: PLZL
Share price, RUB:  (-0.8%)1885
year average price 1431.84  


year start price 1198.50 2024-03-29

min close price 1133.30 2024-06-19

max close price 1970.25 2025-03-04

current price 1894.00 2025-03-27
Common stocks: 946 250 000
Dividend Yield:  10.8%
FCF Yield LTM / expected: 12.5% / 8.8%
EV / LTM EBITDA: 4.9x
EV / EBITDA annualized: 5x
Production prices change from LTM: 15.1%
EV / projected EBITDA:
Target EV / EBITDA (hist percentile):
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 1 783 681
Net Debt (m RUB): 628 679
EV (Enterprise Value): 2 412 360
EBITDA LTM (m RUB): 496 284
Net Income LTM (m RUB): 295 920
EV / LTM EBITDA: 4.9x
Net Debt / LTM EBITDA (if EBITDA > 0): 1.3x
Average daily trading volume for the week, RUB mln: 1625
P / E 12.2x
P / B 2.2x

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