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General information

Sistema PJSC FC is a publicly-listed investment company incorporated in Russia. The Company owns a diverse set of public and private companies which it holds in two distinct portfolios: Core assets and Developing assets.
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield -131.3% (LTM)
  • Share price is 43.8% higher than minimum and 61.1% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (4.8x vs
    )

Key Financials (Download financials)

Ticker: AFKS
Share price, RUB:  (+0.5%)14.77
year average price 13.00  


year start price 13.89 2022-04-02

max close price 15.27 2022-09-05

min close price 10.27 2022-10-07

current price 14.77 2023-04-01
Common stocks: 9 650 000 000

Dividend Yield:  0.0%
FCF Yield LTM: -131.3%
EV / LTM EBITDA: 4.8x
EV / EBITDA annualized: 4.9x
Target EV / EBITDA (hist percentile):
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 142 531
Net Debt (m RUB): 1 234 992
EV (Enterprise Value): 1 377 523
EBITDA LTM (m RUB): 288 797
EV / LTM EBITDA: 4.8x

Revenue and EBITDA

Quarterly values (m RUB)

Change (y/y)

Cash Flow

FCF / Free Cash Flow (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

Valuation through assets (as of the end of 2022 q3)


Sistema PJSC FC has stakes in the following companies

Company Ticker Share Cap EBITDA LTM Net Debt
Segezha Group SGZH 72.0% 85 150 27 809 119 347
MTS MTSS 50.3% 515 383 224 245 414 791
OZON OZON 32.4% 315 734
Etalon ETLN 29.8% 23 390
Influence at AFKS 429 811 252 054 534 138
mln RUB
 
         Net Debt AFKS 1 234 992
         Net Debt in listed companies 534 138
      Net Debt in not listed companies 700 854
 
         EBITDA LTM AFKS 288 797
         EBITDA LTM in listed companies 252 054
         EBITDA LTM in not listed companies 36 743
      EV evaluation in not listed companies (x5) 183 715
 
      Binnopharm Cap revaluation 41 600
 
   Cap in not listed companies (minimum: -300000) -475 539
   Cap in listed companies 429 811
 
AFKS Cap evaluation through assets 129 811
AFKS Cap 142 531
 
Current price premium 9.8%
Historical price premium 10.6%
 
Growth potential (1.106 / 1.098 - 1) +0.7%
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More information for subscribed users:
detailed calculation of
Potential and Created Value,
commodities affecting the company