Enhanced Investments - Financial Portal

2024-09-06

#NMTP #reports

NMTP reported for 2024 q1:
- Revenue +11.7% YoY (vs +11.7% in previous quarter and historical rate +15.3%)
- EBITDA +1.4% YoY (vs +1.4% in previous quarter and historical rate +16.8%)
- EBITDA margin 72.7% decreased compared to 80.1% same period last year
- Net Debt decreased by 4.3 bln rubles over the past reporting period (2.7% of market cap)
- FCF (LTM) +7.7 bln RUB (positive), 4.8% of market cap
- EV/EBITDA multiple is 3.5x compared to historical level (50th percentile) of 4.9x

------------------------------------------------

2024-09-06

#NMTP #reports

NMTP reported for 2024 q2:
- Revenue +11.7% YoY (vs +11.7% in previous quarter and historical rate +15.3%)
- EBITDA +1.4% YoY (vs +1.4% in previous quarter and historical rate +16.8%)
- EBITDA margin 72.7% decreased compared to 80.1% same period last year
- Net Debt decreased by 4.3 bln rubles over the past reporting period (2.7% of market cap)
- FCF (LTM) +7.7 bln RUB (positive), 4.8% of market cap
- EV/EBITDA multiple is 3.5x compared to historical level (50th percentile) of 4.9x

------------------------------------------------

2024-09-05

#ZAYM #reports

Zaymer reported for 2024 q2:
- Revenue -3.7% YoY (vs -7.3% in previous quarter and historical rate +25.0%)
- Net Income -529% YoY (vs -73.2% in previous quarter and historical rate +17.4%)
- Net Income -168.2% decreased compared to 37.8% same period last year
- P/E multiple is -3.5x compared to historical level (50th percentile) of 3.6x

------------------------------------------------

2024-09-04

#AFLT #reports

Aeroflot reported for 2024 q2:
- Revenue +45.8% YoY (vs +54.3% in previous quarter and historical rate +34.6%)
- EBITDA +80.3% YoY (vs +95.6% in previous quarter and historical rate +98.1%)
- EBITDA margin 32.7% increased compared to 26.4% same period last year
- Net Debt decreased by 61.9 bln rubles over the past reporting period (122.2% of market cap)
- FCF (LTM) -21 bln RUB (negative), 41.5% of market cap
- EV/EBITDA multiple is 2.4x compared to historical level (50th percentile) of 6.3x

------------------------------------------------

2024-09-03

#MGKL #reports

Mosgorlombard reported for 2024 q1:
- Revenue +497.3% YoY (vs +497.3% in previous quarter and historical rate +123.4%)
- Net Income +1313% YoY (vs +1313.0% in previous quarter and historical rate +129.2%)
- Net Income 21.3% increased compared to 9.0% same period last year
- P/E multiple is 2.5x compared to historical level (50th percentile) of 4x

------------------------------------------------

2024-09-03

#MGKL #reports

Mosgorlombard reported for 2024 q2:
- Revenue +497.3% YoY (vs +497.3% in previous quarter and historical rate +123.4%)
- Net Income +1313% YoY (vs +1313.0% in previous quarter and historical rate +129.2%)
- Net Income 21.3% increased compared to 9.0% same period last year
- P/E multiple is 2.5x compared to historical level (50th percentile) of 4x

------------------------------------------------

2024-08-31

#MGNT #reports

Magnit reported for 2024 q1:
- Revenue +15.4% YoY (vs +22.3% in previous quarter and historical rate +20.3%)
- EBITDA -17.1% YoY (vs +9.6% in previous quarter and historical rate +13.7%)
- EBITDA margin 5.3% decreased compared to 7.4% same period last year
- Net Debt increased by 27.7 bln rubles over the past reporting period (5.7% of market cap)
- FCF (LTM) -9.8 bln RUB (negative), 2.0% of market cap
- EV/EBITDA multiple is 3.5x compared to historical level (50th percentile) of 4.2x

------------------------------------------------

2024-08-31

#SELG #reports

Seligdar reported for 2024 q1:
- Revenue -0.7% YoY (vs -0.7% in previous quarter and historical rate +23.3%)
- EBITDA +8.1% YoY (vs +8.1% in previous quarter and historical rate +10.0%)
- EBITDA margin 24.5% increased compared to 22.5% same period last year
- Net Debt increased by 7.6 bln rubles over the past reporting period (20.8% of market cap)
- FCF (LTM) -7.4 bln RUB (negative), 20.3% of market cap
- EV/EBITDA multiple is 6.9x compared to historical level (50th percentile) of 7.6x
- EV/EBITDA expected multiple is 7.8x

Growth potential decreased by 29.8% to -58.6%

------------------------------------------------

2024-08-31

#MGNT #reports

Magnit reported for 2024 q2:
- Revenue +15.4% YoY (vs +22.3% in previous quarter and historical rate +20.3%)
- EBITDA -17.1% YoY (vs +9.6% in previous quarter and historical rate +13.7%)
- EBITDA margin 5.3% decreased compared to 7.4% same period last year
- Net Debt increased by 27.7 bln rubles over the past reporting period (5.7% of market cap)
- FCF (LTM) -9.8 bln RUB (negative), 2.0% of market cap
- EV/EBITDA multiple is 3.5x compared to historical level (50th percentile) of 4.2x

------------------------------------------------

2024-08-31

#FEES #reports

FGC UES reported for 2024 q1:
- Revenue -0.3% YoY (vs -0.2% in previous quarter and historical rate +72.6%)
- EBITDA -10.4% YoY (vs -5.2% in previous quarter and historical rate +67.6%)
- EBITDA margin 25.0% decreased compared to 27.9% same period last year
- Net Debt decreased by 174.3 bln rubles over the past reporting period (153.3% of market cap)
- FCF (LTM) +426.2 bln RUB (positive), 374.7% of market cap
- EV/EBITDA multiple is 1.6x compared to historical level (50th percentile) of 2.9x

------------------------------------------------

2024-08-30

#UWGN #reports

Uniwagon reported for 2024 H1:
- Revenue +97% YoY (vs +232.4% in previous half-year and historical rate +45.0%)
- EBITDA +1606.1% YoY (vs +1357200.0% in previous half-year and historical rate +18.0%)
- EBITDA margin 36.3% increased compared to 4.2% same period last year
- Net Debt decreased by 26.8 bln rubles over the past reporting period (524.1% of market cap)
- FCF (LTM) +89.9 bln RUB (positive), 1756.2% of market cap
- EV/EBITDA multiple is 2.2x compared to historical level (50th percentile) of 21.9x

------------------------------------------------

2024-08-30

#SVAV #reports

Sollers reported for 2024 H1:
- Revenue +35% YoY (vs +23.7% in previous half-year and historical rate +9.6%)
- EBITDA +3.6% YoY (vs -22.8% in previous half-year and historical rate +32.1%)
- EBITDA margin 9.5% decreased compared to 12.3% same period last year
- Net Debt decreased by 8.8 bln rubles over the past reporting period (37.3% of market cap)
- FCF (LTM) +16.1 bln RUB (positive), 67.8% of market cap
- EV/EBITDA multiple is 2.1x compared to historical level (50th percentile) of 3.7x

------------------------------------------------

2024-08-30

#SELG #reports

Seligdar reported for 2024 q2:
- Revenue -0.7% YoY (vs -0.7% in previous quarter and historical rate +23.3%)
- EBITDA +8.1% YoY (vs +8.1% in previous quarter and historical rate +10.0%)
- EBITDA margin 24.5% increased compared to 22.5% same period last year
- Net Debt increased by 7.6 bln rubles over the past reporting period (20.9% of market cap)
- FCF (LTM) -7.4 bln RUB (negative), 20.3% of market cap
- EV/EBITDA multiple is 7x compared to historical level (50th percentile) of 7.6x
- EV/EBITDA expected multiple is 7.8x

Growth potential decreased by 191.4% to -65.8%

------------------------------------------------

2024-08-30

#ROSN #reports

Rosneft reported for 2024 q2:
- Revenue +26.6% YoY (vs +42.8% in previous quarter and historical rate +22.1%)
- EBITDA +9.6% YoY (vs +30.3% in previous quarter and historical rate +41.4%)
- EBITDA margin 28.6% decreased compared to 33.0% same period last year
- Net Debt decreased by 56.3 bln rubles over the past reporting period (1.1% of market cap)
- FCF (LTM) +9.6 bln RUB (positive), 0.2% of market cap
- EV/EBITDA multiple is 2.7x compared to historical level (50th percentile) of 4.1x
- EV/EBITDA expected multiple is 3.4x

Growth potential decreased by 44.3% to +17.0%

------------------------------------------------

2024-08-30

#ROLO #reports

Rusolovo reported for 2024 H1:
- Revenue +34.1% YoY (vs +71.5% in previous half-year and historical rate +33.2%)
- EBITDA -547.2% YoY (vs +24200.0% in previous half-year and historical rate -3.6%)
- EBITDA margin -22.9% decreased compared to 6.9% same period last year
- Net Debt increased by 1.4 bln rubles over the past reporting period (6.7% of market cap)
- FCF (LTM) -4.4 bln RUB (negative), 21.3% of market cap
- EV/EBITDA multiple is -55.8x compared to historical level (50th percentile) of 94.3x
- EV/EBITDA expected multiple is -49.8x

Growth potential decreased by 131.3% to -210.9%

------------------------------------------------

2024-08-30

#PIKK #reports

PIK Group reported for 2024 H1:
- Revenue -0.1% YoY (vs +16.0% in previous half-year and historical rate +12.7%)
- EBITDA +1.5% YoY (vs +20.2% in previous half-year and historical rate +8.5%)
- EBITDA margin 20.9% increased compared to 20.6% same period last year
- Net Debt increased by 24089 bln rubles over the past reporting period (5334.4% of market cap)
- FCF (LTM) +0.3 bln RUB (positive), 0.1% of market cap
- EV/EBITDA multiple is 8.8x compared to historical level (50th percentile) of 8.8x
- EV/EBITDA expected multiple is 8.5x

Growth potential decreased by 8939.1% to -53.8%

------------------------------------------------

2024-08-30

#GLTR #reports

Globaltrans reported for 2024 H1:
- Revenue +5.9% YoY (vs +14.6% in previous half-year and historical rate +19.3%)
- EBITDA -12.3% YoY (vs +11.7% in previous half-year and historical rate +39.6%)
- EBITDA margin 49.7% decreased compared to 60.0% same period last year
- EV/EBITDA multiple is 1.5x compared to historical level (50th percentile) of 2x
- EV/EBITDA expected multiple is 1x

Growth potential decreased by 34.6% to +70.9%

------------------------------------------------

2024-08-30

#GAZP #reports

Gazprom reported for 2024 q1:
- Revenue +23.7% YoY (vs +23.7% in previous quarter and historical rate +13.2%)
- EBITDA +19% YoY (vs +19.0% in previous quarter and historical rate +12.9%)
- EBITDA margin 28.7% decreased compared to 29.8% same period last year
- Net Debt increased by 229.6 bln rubles over the past reporting period (7.8% of market cap)
- FCF (LTM) -499 bln RUB (negative), 17.1% of market cap
- EV/EBITDA multiple is 4.9x compared to historical level (50th percentile) of 6.3x
- EV/EBITDA expected multiple is 4.2x

Growth potential increased by 141.5% to +109.0%

------------------------------------------------

2024-08-30

#FESH #reports

FESCO reported for 2024 H1:
- Revenue -14.6% YoY (vs +2.5% in previous half-year and historical rate +30.4%)
- EBITDA -55.2% YoY (vs -31.6% in previous half-year and historical rate +31.0%)
- EBITDA margin 20.6% decreased compared to 39.3% same period last year
- Net Debt increased by 10.1 bln rubles over the past reporting period (7.5% of market cap)
- FCF (LTM) -23.4 bln RUB (negative), 17.3% of market cap
- EV/EBITDA multiple is 6.1x compared to historical level (50th percentile) of 4x
- EV/EBITDA expected multiple is 4.3x

Growth potential decreased by 90.1% to -21.0%

------------------------------------------------

2024-08-30

#FEES #reports

FGC UES reported for 2024 q2:
- Revenue -0.3% YoY (vs -0.2% in previous quarter and historical rate +72.6%)
- EBITDA -10.4% YoY (vs -5.2% in previous quarter and historical rate +67.6%)
- EBITDA margin 25.0% decreased compared to 27.9% same period last year
- Net Debt decreased by 174.3 bln rubles over the past reporting period (153.4% of market cap)
- FCF (LTM) +426.2 bln RUB (positive), 375.1% of market cap
- EV/EBITDA multiple is 1.6x compared to historical level (50th percentile) of 2.9x

------------------------------------------------

2024-08-30

#BANE #reports

Bashneft reported for 2024 q2:
- Revenue +36.6% YoY (vs +35.4% in previous quarter and historical rate +41.9%)
- EBITDA -3.4% YoY (vs -1.9% in previous quarter and historical rate +54.3%)
- EBITDA margin 17.7% decreased compared to 25.0% same period last year
- EV/EBITDA multiple is 2x compared to historical level (50th percentile) of 2.9x
- EV/EBITDA expected multiple is 3.1x

------------------------------------------------

2024-08-30

#AFKS #reports

Sistema reported for 2024 q2:
- Revenue +24.3% YoY (vs +24.7% in previous quarter and historical rate +16.8%)
- EBITDA +26.8% YoY (vs +7.2% in previous quarter and historical rate +7.8%)
- EBITDA margin 30.4% increased compared to 29.8% same period last year
- Net Debt increased by 37.1 bln rubles over the past reporting period (23.8% of market cap)
- FCF (LTM) -179.5 bln RUB (negative), 115.3% of market cap
- EV/EBITDA multiple is 5.8x compared to historical level (50th percentile) of 4.8x

------------------------------------------------

2024-08-30

#UGLD #reports

Yuzhuralzoloto Group reported for 2024 H1:
- Revenue +17.2% YoY (vs +62.7% in previous half-year and historical rate +13.1%)
- EBITDA +4.8% YoY (vs +82.2% in previous half-year and historical rate +10.4%)
- EBITDA margin 33.3% decreased compared to 37.3% same period last year
- Net Debt decreased by 4.4 bln rubles over the past reporting period (3.3% of market cap)
- FCF (LTM) -2.4 bln RUB (negative), 1.8% of market cap
- EV/EBITDA multiple is 8.4x compared to historical level (50th percentile) of 11.5x
- EV/EBITDA expected multiple is 8.1x

Growth potential decreased by 83.4% to -6.1%

------------------------------------------------

2024-08-30

#NLMK #reports

NLMK reported for 2024 q1:
- Revenue -7.5% YoY (vs +11.3% in previous quarter and historical rate +10.3%)
- EBITDA -8.6% YoY (vs +40.0% in previous quarter and historical rate +10.7%)
- EBITDA margin 32.5% decreased compared to 32.9% same period last year
- Net Debt increased by 55.4 bln rubles over the past reporting period (6.6% of market cap)
- FCF (LTM) +224.7 bln RUB (positive), 26.8% of market cap
- EV/EBITDA multiple is 2.6x compared to historical level (50th percentile) of 4.7x
- EV/EBITDA expected multiple is 2.4x

Growth potential increased by 3.5% to +89.2%

------------------------------------------------

2024-08-30

#LKOH #reports

Lukoil reported for 2024 q1:
- Revenue +18% YoY (vs +22.6% in previous quarter and historical rate +12.8%)
- EBITDA +13.8% YoY (vs +12.4% in previous quarter and historical rate +30.6%)
- EBITDA margin 22.3% decreased compared to 23.1% same period last year
- Net Debt decreased by 13.2 bln rubles over the past reporting period (0.3% of market cap)
- FCF (LTM) +831.8 bln RUB (positive), 18.5% of market cap
- EV/EBITDA multiple is 1.6x compared to historical level (50th percentile) of 3.6x
- EV/EBITDA expected multiple is 1.8x

Growth potential increased by 3.5% to +80.3%

------------------------------------------------

2024-08-30

#GAZP #reports

Gazprom reported for 2024 q2:
- Revenue +23.7% YoY (vs +23.7% in previous quarter and historical rate +13.2%)
- EBITDA +19% YoY (vs +19.0% in previous quarter and historical rate +12.9%)
- EBITDA margin 28.7% decreased compared to 29.8% same period last year
- Net Debt increased by 229.6 bln rubles over the past reporting period (7.5% of market cap)
- FCF (LTM) -499 bln RUB (negative), 16.3% of market cap
- EV/EBITDA multiple is 4.9x compared to historical level (50th percentile) of 6.3x
- EV/EBITDA expected multiple is 4.2x

Growth potential increased by 135.5% to +100.7%

------------------------------------------------

2024-08-29

#TTLK #reports

Tattelecom reported for 2024 H1:
- Revenue +7% YoY (vs +9.8% in previous half-year and historical rate +4.3%)
- EBITDA -6.5% YoY (vs -18.1% in previous half-year and historical rate -9.3%)
- EBITDA margin 31.7% decreased compared to 36.3% same period last year
- EV/EBITDA multiple is 3.9x compared to historical level (50th percentile) of 2.7x

------------------------------------------------

2024-08-29

#TRNFP #reports

Transneft (pref) reported for 2024 q2:
- Revenue +7.9% YoY (vs +16.8% in previous quarter and historical rate +12.3%)
- EBITDA -6.1% YoY (vs +11.5% in previous quarter and historical rate +9.6%)
- EBITDA margin 39.9% decreased compared to 45.9% same period last year
- Net Debt decreased by 443.1 bln rubles over the past reporting period (47.7% of market cap)
- FCF (LTM) +644.3 bln RUB (positive), 69.4% of market cap
- EV/EBITDA multiple is 1.4x compared to historical level (50th percentile) of 2.9x

------------------------------------------------

2024-08-29

#SMLT #reports

Samolet reported for 2024 H1:
- Revenue +68.5% YoY (vs +46.0% in previous half-year and historical rate +67.2%)
- EBITDA +61.7% YoY (vs +80.5% in previous half-year and historical rate +93.1%)
- EBITDA margin 25.2% decreased compared to 26.3% same period last year
- Net Debt increased by 124.7 bln rubles over the past reporting period (103.5% of market cap)
- FCF (LTM) -334.5 bln RUB (negative), 277.5% of market cap
- EV/EBITDA multiple is 8.5x compared to historical level (50th percentile) of 13.2x
- EV/EBITDA expected multiple is 8.6x

Growth potential decreased by 191.2% to -243.7%

------------------------------------------------

2024-08-29

#NLMK #reports

NLMK reported for 2024 q2:
- Revenue -7.5% YoY (vs +11.3% in previous quarter and historical rate +10.3%)
- EBITDA -8.6% YoY (vs +40.0% in previous quarter and historical rate +10.7%)
- EBITDA margin 32.5% decreased compared to 32.9% same period last year
- Net Debt increased by 55.4 bln rubles over the past reporting period (6.6% of market cap)
- FCF (LTM) +224.7 bln RUB (positive), 26.8% of market cap
- EV/EBITDA multiple is 2.6x compared to historical level (50th percentile) of 4.7x
- EV/EBITDA expected multiple is 2.3x

Growth potential increased by 10.4% to +90.8%

------------------------------------------------

2024-08-29

#NKNC #reports

Nizhnekamsknef-m reported for 2024 H1:
- Revenue +15.9% YoY (vs +21.6% in previous half-year and historical rate +9.2%)
- EBITDA +6.1% YoY (vs +27.5% in previous half-year and historical rate +17.0%)
- EBITDA margin 24.5% decreased compared to 26.8% same period last year
- Net Debt increased by 2.5 bln rubles over the past reporting period (1.8% of market cap)
- FCF (LTM) +22.8 bln RUB (positive), 16.0% of market cap
- EV/EBITDA multiple is 3.5x compared to historical level (50th percentile) of 4.5x
- EV/EBITDA expected multiple is 3x

Growth potential decreased by 9.5% to +69.7%

------------------------------------------------

2024-08-29

#LKOH #reports

Lukoil reported for 2024 q2:
- Revenue +18% YoY (vs +22.6% in previous quarter and historical rate +12.8%)
- EBITDA +13.8% YoY (vs +12.4% in previous quarter and historical rate +30.6%)
- EBITDA margin 22.3% decreased compared to 23.1% same period last year
- Net Debt decreased by 13.2 bln rubles over the past reporting period (0.3% of market cap)
- FCF (LTM) +831.8 bln RUB (positive), 18.5% of market cap
- EV/EBITDA multiple is 1.6x compared to historical level (50th percentile) of 3.6x
- EV/EBITDA expected multiple is 1.8x

Growth potential decreased by 6.4% to +81.9%

------------------------------------------------

2024-08-29

#KMAZ #reports

Kamaz reported for 2024 H1:
- Revenue +12.4% YoY (vs +31.4% in previous half-year and historical rate +16.8%)
- EBITDA -2.1% YoY (vs -21.8% in previous half-year and historical rate +24.2%)
- EBITDA margin 10.7% decreased compared to 12.3% same period last year
- EV/EBITDA multiple is 4.9x compared to historical level (50th percentile) of 6.5x

------------------------------------------------

2024-08-29

#HYDR #reports

Rushydro reported for 2024 q2:
- Revenue +7.2% YoY (vs +9.7% in previous quarter and historical rate +9.7%)
- EBITDA +0.7% YoY (vs +5.2% in previous quarter and historical rate +8.5%)
- EBITDA margin 26.5% decreased compared to 28.2% same period last year
- Net Debt increased by 39.2 bln rubles over the past reporting period (19.1% of market cap)
- FCF (LTM) -125.5 bln RUB (negative), 61.2% of market cap
- EV/EBITDA multiple is 4.8x compared to historical level (50th percentile) of 5.7x

------------------------------------------------

2024-08-29

#AQUA #reports

RUS AQUA reported for 2024 H1:
- Revenue +41.5% YoY (vs +69.4% in previous half-year and historical rate +44.2%)
- EBITDA +22.7% YoY (vs +40.1% in previous half-year and historical rate +43.6%)
- EBITDA margin 42.2% decreased compared to 48.7% same period last year
- Net Debt decreased by 5.8 bln rubles over the past reporting period (9.8% of market cap)
- FCF (LTM) +8.3 bln RUB (positive), 13.9% of market cap
- EV/EBITDA multiple is 4.7x compared to historical level (50th percentile) of 6.9x
- EV/EBITDA expected multiple is 5.8x

Growth potential increased by 5.2% to +16.6%

------------------------------------------------

2024-08-29

#RUAL #reports

Rusal reported for 2024 H1:
- Revenue +13.1% YoY (vs +41.0% in previous half-year and historical rate +16.6%)
- EBITDA +180.5% YoY (vs +214.7% in previous half-year and historical rate +56.1%)
- EBITDA margin 12.1% increased compared to 4.9% same period last year
- Net Debt increased by 29.5 bln rubles over the past reporting period (5.9% of market cap)
- FCF (LTM) -35.2 bln RUB (negative), 7.1% of market cap
- EV/EBITDA multiple is 9.3x compared to historical level (50th percentile) of 5.7x
- EV/EBITDA expected multiple is 16x

Growth potential decreased by 31.5% to -177.8%

------------------------------------------------

2024-08-29

#PRMD #reports

Promomed reported for 2024 q2:
- Revenue +4.5% YoY (vs +5.8% in previous quarter and historical rate +8.8%)
- EBITDA -15.3% YoY (vs +22.6% in previous quarter and historical rate +12.2%)
- EBITDA margin 38.3% decreased compared to 47.3% same period last year
- Net Debt increased by 0.9 bln rubles over the past reporting period (1.2% of market cap)
- FCF (LTM) -5.6 bln RUB (negative), 7.8% of market cap
- EV/EBITDA multiple is 14.4x compared to historical level (50th percentile) of 16.3x

------------------------------------------------

2024-08-29

#ETLN #reports

Etalon reported for 2024 H1:
- Revenue +75% YoY (vs +17.2% in previous half-year and historical rate +12.4%)
- EBITDA +294% YoY (vs -1.0% in previous half-year and historical rate +28.2%)
- EBITDA margin 33.6% increased compared to 14.9% same period last year
- Net Debt increased by 16.6 bln rubles over the past reporting period (60.9% of market cap)
- FCF (LTM) -50.2 bln RUB (negative), 184.6% of market cap
- EV/EBITDA multiple is 6x compared to historical level (50th percentile) of 7x
- EV/EBITDA expected multiple is 5x

Growth potential increased by 434.2% to +277.4%

------------------------------------------------

2024-08-29

#ENPG #reports

En+ Group reported for 2024 H1:
- Revenue +13.4% YoY (vs +257.1% in previous half-year and historical rate +31.2%)
- EBITDA +70.9% YoY (vs +8275700.0% in previous half-year and historical rate +8.4%)
- EBITDA margin 20.0% increased compared to 13.2% same period last year
- Net Debt decreased by 181.9 bln rubles over the past reporting period (84.4% of market cap)
- FCF (LTM) +46.5 bln RUB (positive), 21.6% of market cap
- EV/EBITDA multiple is 6.8x compared to historical level (50th percentile) of 9.3x

------------------------------------------------

2024-08-28

#SFIN #reports

SFI Holding reported for 2024 q2:
- Revenue +62% YoY (vs +53.9% in previous quarter and historical rate +36.7%)
- Net Income +17.7% YoY (vs +34.6% in previous quarter and historical rate +89.3%)
- Net Income 46.8% decreased compared to 64.5% same period last year
- P/E multiple is 2.8x compared to historical level (50th percentile) of 7.4x

------------------------------------------------

2024-08-28

#MRKY #reports

IDGC South reported for 2024 q2:
- Revenue -4.8% YoY (vs +2.9% in previous quarter and historical rate +16.9%)
- EBITDA -9.8% YoY (vs -22.0% in previous quarter and historical rate +62.5%)
- EBITDA margin 16.4% decreased compared to 17.3% same period last year
- Net Debt decreased by 0.1 bln rubles over the past reporting period (1.7% of market cap)
- FCF (LTM) -1.9 bln RUB (negative), 34.6% of market cap
- EV/EBITDA multiple is 2.7x compared to historical level (50th percentile) of 5x

------------------------------------------------

2024-08-28

#MRKS #reports

IDGC Siberia reported for 2024 q1:
- Revenue +13.1% YoY (vs +42.8% in previous quarter and historical rate +10.9%)
- EBITDA margin 6.4% increased compared to -8.0% same period last year
- Net Debt increased by 0.4 bln rubles over the past reporting period (0.7% of market cap)
- FCF (LTM) +46 bln RUB (positive), 85.8% of market cap

------------------------------------------------

2024-08-28

#MRKP #reports

IDGC Center & Volga reported for 2024 q2:
- Revenue +4.8% YoY (vs +7.6% in previous quarter and historical rate +10.3%)
- EBITDA +16.9% YoY (vs +2.0% in previous quarter and historical rate +18.2%)
- EBITDA margin 28.8% increased compared to 25.8% same period last year
- Net Debt decreased by 4.6 bln rubles over the past reporting period (13.4% of market cap)
- FCF (LTM) +11.4 bln RUB (positive), 33.7% of market cap
- EV/EBITDA multiple is 1.2x compared to historical level (50th percentile) of 1.7x

------------------------------------------------

2024-08-28

#MRKC #reports

IDGC Center reported for 2024 q2:
- Revenue +2.6% YoY (vs +4.5% in previous quarter and historical rate +37.6%)
- EBITDA -0.8% YoY (vs -9.4% in previous quarter and historical rate +47.4%)
- EBITDA margin 23.2% decreased compared to 24.0% same period last year
- Net Debt decreased by 3.2 bln rubles over the past reporting period (19.8% of market cap)
- FCF (LTM) +6 bln RUB (positive), 36.4% of market cap
- EV/EBITDA multiple is 1.4x compared to historical level (50th percentile) of 3.1x

------------------------------------------------

2024-08-28

#LSRG #reports

LSR Group reported for 2024 H1:
- Revenue +13.8% YoY (vs +117.2% in previous half-year and historical rate +28.5%)
- EBITDA -221.2% YoY (vs +168.7% in previous half-year and historical rate +0.3%)
- EBITDA margin -19.6% decreased compared to 18.4% same period last year
- Net Debt increased by 31.3 bln rubles over the past reporting period (45.3% of market cap)
- FCF (LTM) +9.2 bln RUB (positive), 13.3% of market cap
- EV/EBITDA multiple is 8.3x compared to historical level (50th percentile) of 5x

------------------------------------------------

2024-08-28

#HHRU #reports

Head Hunter reported for 2024 q2:
- Revenue +39.5% YoY (vs +55.4% in previous quarter and historical rate +50.2%)
- EBITDA +24.3% YoY (vs +70.7% in previous quarter and historical rate +68.2%)
- EBITDA margin 50.0% decreased compared to 56.1% same period last year
- Net Debt decreased by 2.7 bln rubles over the past reporting period (1.4% of market cap)
- FCF (LTM) +18.7 bln RUB (positive), 9.6% of market cap
- EV/EBITDA multiple is 8.6x compared to historical level (50th percentile) of 10x

------------------------------------------------

2024-08-28

#SGZH #reports

Segezha Group reported for 2024 q2:
- Revenue +23.8% YoY (vs +22.0% in previous quarter and historical rate +11.2%)
- EBITDA +9.4% YoY (vs +129.4% in previous quarter and historical rate +2.9%)
- EBITDA margin 12.3% decreased compared to 13.9% same period last year
- Net Debt increased by 6.4 bln rubles over the past reporting period (26.8% of market cap)
- FCF (LTM) -18.4 bln RUB (negative), 77.1% of market cap
- EV/EBITDA multiple is 16.3x compared to historical level (50th percentile) of 34x
- EV/EBITDA expected multiple is -55.5x

Growth potential decreased by 221.4% to -1222.6%

------------------------------------------------

2024-08-28

#PLZL #reports

Polyus reported for 2024 q1:
- Revenue +33.2% YoY (vs +33.2% in previous quarter and historical rate +17.3%)
- EBITDA +43.9% YoY (vs +43.9% in previous quarter and historical rate +28.2%)
- EBITDA margin 72.0% increased compared to 66.6% same period last year
- Net Debt decreased by 55.6 bln rubles over the past reporting period (3.2% of market cap)
- FCF (LTM) +196 bln RUB (positive), 11.4% of market cap
- EV/EBITDA multiple is 4.7x compared to historical level (50th percentile) of 8x
- EV/EBITDA expected multiple is 4.4x

Growth potential increased by 11.6% to +94.9%

------------------------------------------------

2024-08-28

#MRKS #reports

IDGC Siberia reported for 2024 q2:
- Revenue +13.1% YoY (vs +42.8% in previous quarter and historical rate +10.9%)
- EBITDA margin 6.4% increased compared to -8.0% same period last year
- Net Debt increased by 0.4 bln rubles over the past reporting period (0.7% of market cap)
- FCF (LTM) +46 bln RUB (positive), 85.7% of market cap

------------------------------------------------

2024-08-28

#MBNK #reports

MTS Bank reported for 2024 q2:
- Revenue +23.4% YoY (vs +37.8% in previous quarter and historical rate +37.4%)
- Net Income +29.9% YoY (vs +34.8% in previous quarter and historical rate +60.6%)
- Net Income 22.1% increased compared to 20.9% same period last year
- P/E multiple is 4.2x compared to historical level (50th percentile) of 5.3x

------------------------------------------------

2024-08-28

#EUTR #reports

Evrotrans AO reported for 2024 H1:
- Revenue -97.8% YoY (vs +61.6% in previous half-year and historical rate +45.8%)
- EBITDA -151% YoY (vs +92.3% in previous half-year and historical rate +59.0%)
- EBITDA margin -212.8% decreased compared to 9.3% same period last year
- Net Debt decreased by 2.7 bln rubles over the past reporting period (14.7% of market cap)
- FCF (LTM) +3.2 bln RUB (positive), 17.6% of market cap
- EV/EBITDA multiple is 7.7x compared to historical level (50th percentile) of 5.8x

------------------------------------------------

2024-08-27

#PLZL #reports

Polyus reported for 2024 q2:
- Revenue +33.2% YoY (vs +33.2% in previous quarter and historical rate +17.3%)
- EBITDA +43.9% YoY (vs +43.9% in previous quarter and historical rate +28.2%)
- EBITDA margin 72.0% increased compared to 66.6% same period last year
- Net Debt decreased by 55.6 bln rubles over the past reporting period (3.2% of market cap)
- FCF (LTM) +196 bln RUB (positive), 11.4% of market cap
- EV/EBITDA multiple is 4.8x compared to historical level (50th percentile) of 8x
- EV/EBITDA expected multiple is 4.4x

Growth potential decreased by 12.0% to +94.4%

------------------------------------------------

2024-08-27

#MRKU #reports

IDGC Ural reported for 2024 q2:
- Revenue -7.3% YoY (vs -8.9% in previous quarter and historical rate +3.4%)
- EBITDA +10.4% YoY (vs -10.8% in previous quarter and historical rate +26.6%)
- EBITDA margin 26.5% increased compared to 22.2% same period last year
- EV/EBITDA multiple is 2.3x compared to historical level (50th percentile) of 2.2x

------------------------------------------------

2024-08-27

#HNFG #reports

Henderson reported for 2024 H1:
- Revenue +32% YoY (vs +36.9% in previous half-year and historical rate +32.4%)
- EBITDA +35.6% YoY (vs +46.5% in previous half-year and historical rate +80.8%)
- EBITDA margin 29.1% increased compared to 28.3% same period last year
- Net Debt increased by 1.4 bln rubles over the past reporting period (5.6% of market cap)
- FCF (LTM) +0.8 bln RUB (positive), 3.3% of market cap
- EV/EBITDA multiple is 4.5x compared to historical level (50th percentile) of 5.2x
- EV/EBITDA expected multiple is 4.2x

------------------------------------------------

2024-08-27

#AKRN #reports

Acron reported for 2024 q2:
- Revenue +26.7% YoY (vs -3.0% in previous quarter and historical rate +17.5%)
- EBITDA -42.8% YoY (vs -50.2% in previous quarter and historical rate +30.0%)
- EBITDA margin 27.0% decreased compared to 59.9% same period last year
- Net Debt increased by 20.4 bln rubles over the past reporting period (3.3% of market cap)
- FCF (LTM) -22 bln RUB (negative), 3.6% of market cap
- EV/EBITDA multiple is 11.6x compared to historical level (50th percentile) of 10.2x
- EV/EBITDA expected multiple is 17.4x

Growth potential decreased by 30.0% to -67.6%

------------------------------------------------

2024-08-27

#WUSH #reports

Whoosh reported for 2024 H1:
- Revenue +42% YoY (vs +72.2% in previous half-year and historical rate +80.7%)
- EBITDA +36.3% YoY (vs +28.7% in previous half-year and historical rate +60.7%)
- EBITDA margin 44.0% decreased compared to 45.9% same period last year
- Net Debt decreased by 9.9 bln rubles over the past reporting period (44.2% of market cap)
- FCF (LTM) +7.2 bln RUB (positive), 32.3% of market cap
- EV/EBITDA multiple is 4x compared to historical level (50th percentile) of 7.9x
- EV/EBITDA expected multiple is 3.6x

------------------------------------------------

2024-08-27

#MRKZ #reports

IDGC North West reported for 2024 q2:
- Revenue +2.5% YoY (vs -2.2% in previous quarter and historical rate +3.5%)
- EBITDA +202.8% YoY (vs -4.6% in previous quarter and historical rate +28.9%)
- EBITDA margin 12.7% increased compared to 4.3% same period last year
- Net Debt increased by 0.1 bln rubles over the past reporting period (2.1% of market cap)
- FCF (LTM) +0.7 bln RUB (positive), 10.7% of market cap
- EV/EBITDA multiple is 2.5x compared to historical level (50th percentile) of 3.8x

------------------------------------------------

2024-08-27

#MRKV #reports

IDGC Volga reported for 2024 q2:
- Revenue +0.3% YoY (vs +2.8% in previous quarter and historical rate +8.3%)
- EBITDA -43.1% YoY (vs +48.8% in previous quarter and historical rate +29.3%)
- EBITDA margin 9.2% decreased compared to 16.2% same period last year
- Net Debt decreased by 2 bln rubles over the past reporting period (19.1% of market cap)
- FCF (LTM) -1.3 bln RUB (negative), 11.7% of market cap
- EV/EBITDA multiple is 1.5x compared to historical level (50th percentile) of 2.2x

------------------------------------------------

2024-08-27

#ASTR #reports

Astra reported for 2024 H1:
- Revenue +58.4% YoY (vs +46.6% in previous half-year and historical rate +120.9%)
- EBITDA -2.5% YoY (vs +20.0% in previous half-year and historical rate +103.1%)
- EBITDA margin 23.7% decreased compared to 38.5% same period last year
- Net Debt decreased by 4.9 bln rubles over the past reporting period (4.3% of market cap)
- FCF (LTM) +5.4 bln RUB (positive), 4.8% of market cap
- EV/EBITDA multiple is 25.2x compared to historical level (50th percentile) of 26.4x

------------------------------------------------

2024-08-26

#OKEY #reports

OKEY reported for 2024 H1:
- Revenue +105261.6% YoY (vs +3.9% in previous half-year and historical rate +38.9%)
- EBITDA +131823.4% YoY (vs +4.4% in previous half-year and historical rate +41.3%)
- EBITDA margin 8.9% increased compared to 7.1% same period last year
- EV/EBITDA multiple is 0x compared to historical level (50th percentile) of 2.6x
- EV/EBITDA expected multiple is 0x

------------------------------------------------

2024-08-26

#MVID #reports

M Video reported for 2024 H1:
- Revenue +12.7% YoY (vs +39.0% in previous half-year and historical rate +2.1%)
- EBITDA -12.2% YoY (vs +90.5% in previous half-year and historical rate +37.4%)
- EBITDA margin 3.2% decreased compared to 4.1% same period last year
- Net Debt increased by 11.5 bln rubles over the past reporting period (47.0% of market cap)
- FCF (LTM) +4.1 bln RUB (positive), 16.8% of market cap
- EV/EBITDA multiple is 5x compared to historical level (50th percentile) of 6.9x

------------------------------------------------

2024-08-26

#MOEX #reports

MOEX reported for 2024 q2:
- Revenue +75.1% YoY (vs +46.3% in previous quarter and historical rate +39.0%)
- Net Income +134.5% YoY (vs +35.0% in previous quarter and historical rate +48.4%)
- Net Income 77.2% increased compared to 57.6% same period last year
- P/E multiple is 5.8x compared to historical level (50th percentile) of 7.4x
- P/E expected multiple is 5x

------------------------------------------------

2024-08-26

#ELMT #reports

Element reported for 2024 H1:
- Revenue +10.9% YoY (vs +46.5% in previous half-year and historical rate +21.1%)
- EBITDA +27.7% YoY (vs +64.9% in previous half-year and historical rate +43.2%)
- EBITDA margin 28.2% increased compared to 24.5% same period last year
- Net Debt decreased by 54.1 bln rubles over the past reporting period (63.7% of market cap)
- FCF (LTM) +57.2 bln RUB (positive), 67.4% of market cap
- EV/EBITDA multiple is 4.8x compared to historical level (50th percentile) of 12.6x

------------------------------------------------

2024-08-24

#ROSB #reports

Rosbank reported for 2024 q2:
- Revenue -2.5% YoY (vs +13.0% in previous quarter and historical rate +14.1%)
- Net Income -45.7% YoY (vs -17.1% in previous quarter and historical rate +17.0%)
- Net Income 27.4% decreased compared to 49.3% same period last year
- P/E multiple is 7.9x compared to historical level (50th percentile) of 7x

------------------------------------------------

2024-08-24

#GMKN #reports

Nornickel reported for 2024 H1:
- Revenue -8.1% YoY (vs +38.3% in previous half-year and historical rate -1.8%)
- EBITDA -29.8% YoY (vs +33.3% in previous half-year and historical rate -14.5%)
- EBITDA margin 35.7% decreased compared to 46.7% same period last year
- Net Debt increased by 152.5 bln rubles over the past reporting period (8.5% of market cap)
- FCF (LTM) +19.9 bln RUB (positive), 1.1% of market cap
- EV/EBITDA multiple is 5.5x compared to historical level (50th percentile) of 7.8x
- EV/EBITDA expected multiple is 7.6x

Growth potential decreased by 47.5% to -0.9%

------------------------------------------------

2024-08-24

#CARM #reports

CarMoney reported for 2024 H1:
- Revenue +10.7% YoY (vs +18.7% in previous half-year and historical rate +7.4%)
- Net Income -26.4% YoY (vs +53.7% in previous half-year and historical rate +36.2%)
- Net Income 10.6% decreased compared to 15.9% same period last year
- P/E multiple is 8.8x compared to historical level (50th percentile) of 10.2x

------------------------------------------------

2024-08-23

#RNFT #reports

Russneft reported for 2024 H1:
- Revenue +60.2% YoY (vs +33.0% in previous half-year and historical rate +27.5%)
- EBITDA +489.9% YoY (vs +757.5% in previous half-year and historical rate +79.0%)
- EBITDA margin 28.5% increased compared to 7.7% same period last year
- Net Debt decreased by 12.4 bln rubles over the past reporting period (28.0% of market cap)
- FCF (LTM) +46.6 bln RUB (positive), 105.4% of market cap
- EV/EBITDA multiple is 1.4x compared to historical level (50th percentile) of 3.1x
- EV/EBITDA expected multiple is 1.6x

Growth potential increased by 120.0% to +177.7%

------------------------------------------------

2024-08-23

#RASP #reports

Raspadskaya reported for 2024 H1:
- Revenue -3.7% YoY (vs +31.3% in previous half-year and historical rate +52.8%)
- EBITDA -94.8% YoY (vs +48.0% in previous half-year and historical rate +36.2%)
- EBITDA margin 1.9% decreased compared to 36.0% same period last year
- Net Debt increased by 7.6 bln rubles over the past reporting period (4.1% of market cap)
- FCF (LTM) -6.8 bln RUB (negative), 3.7% of market cap
- EV/EBITDA multiple is 6.1x compared to historical level (50th percentile) of 2.8x
- EV/EBITDA expected multiple is -4.9x

Growth potential decreased by 38.2% to -146.8%

------------------------------------------------

2024-08-23

#BSPB #reports

Bank Sankt-Peterburg reported for 2024 q2:
- Revenue +40.1% YoY (vs +6.9% in previous quarter and historical rate +26.1%)
- Net Income -17.8% YoY (vs -11.0% in previous quarter and historical rate +59.6%)
- Net Income 49.6% decreased compared to 84.6% same period last year
- P/E multiple is 3.9x compared to historical level (50th percentile) of 2.5x

------------------------------------------------

2024-08-23

#RENI #reports

Renessans reported for 2024 q2:
- Revenue +41.1% YoY (vs +47.3% in previous quarter and historical rate +16.6%)
- Net Income -70.2% YoY (vs +7.6% in previous quarter and historical rate +53.2%)
- Net Income 3.7% decreased compared to 17.5% same period last year
- P/E multiple is 7.1x compared to historical level (50th percentile) of 4.5x

------------------------------------------------

2024-08-23

#MTSS #reports

MTS reported for 2024 q2:
- Revenue +18.5% YoY (vs +17.4% in previous quarter and historical rate +8.9%)
- EBITDA +5.4% YoY (vs +5.6% in previous quarter and historical rate +1.5%)
- EBITDA margin 33.7% decreased compared to 37.9% same period last year
- Net Debt decreased by 34.8 bln rubles over the past reporting period (10.5% of market cap)
- FCF (LTM) +13.9 bln RUB (positive), 4.2% of market cap
- EV/EBITDA multiple is 3.6x compared to historical level (50th percentile) of 4.4x
- EV/EBITDA expected multiple is 3.8x

------------------------------------------------

2024-08-22

#MTLR #reports

Mechel reported for 2024 q1:
- Revenue +5.8% YoY (vs +5.8% in previous quarter and historical rate +13.8%)
- EBITDA -61.8% YoY (vs -61.8% in previous quarter and historical rate +18.8%)
- EBITDA margin 6.7% decreased compared to 18.6% same period last year
- Net Debt increased by 6.8 bln rubles over the past reporting period (11.4% of market cap)
- FCF (LTM) -0.6 bln RUB (negative), 1.0% of market cap
- EV/EBITDA multiple is 6.1x compared to historical level (50th percentile) of 3.8x
- EV/EBITDA expected multiple is 3.9x

Growth potential decreased by 149.0% to -113.2%

------------------------------------------------

2024-08-22

#BELU #reports

Beluga reported for 2024 q1:
- Revenue +19.1% YoY (vs +19.1% in previous quarter and historical rate +23.1%)
- EBITDA -0.1% YoY (vs -0.1% in previous quarter and historical rate +29.8%)
- EBITDA margin 13.2% decreased compared to 15.8% same period last year
- Net Debt increased by 5.9 bln rubles over the past reporting period (8.8% of market cap)
- FCF (LTM) -2.7 bln RUB (negative), 4.0% of market cap
- EV/EBITDA multiple is 5.8x compared to historical level (50th percentile) of 4.7x

------------------------------------------------

2024-08-22

#MTLR #reports

Mechel reported for 2024 q2:
- Revenue -100% YoY (vs -100.0% in previous quarter and historical rate -3.8%)
- EBITDA -61.8% YoY (vs -61.8% in previous quarter and historical rate +18.8%)
- EBITDA margin 230866.7% increased compared to 18.6% same period last year
- EV/EBITDA multiple is 5.9x compared to historical level (50th percentile) of 3.8x
- EV/EBITDA expected multiple is 4.5x

Growth potential decreased by 187.3% to -160.0%

------------------------------------------------

2024-08-22

#BELU #reports

Beluga reported for 2024 q2:
- Revenue +19.1% YoY (vs +19.1% in previous quarter and historical rate +23.1%)
- EBITDA -0.1% YoY (vs -0.1% in previous quarter and historical rate +29.8%)
- EBITDA margin 13.2% decreased compared to 15.8% same period last year
- Net Debt increased by 5.9 bln rubles over the past reporting period (8.7% of market cap)
- FCF (LTM) -2.7 bln RUB (negative), 4.0% of market cap
- EV/EBITDA multiple is 5.8x compared to historical level (50th percentile) of 4.7x

------------------------------------------------

2024-08-22

#TATN #reports

Tatneft reported for 2024 q1:
- Revenue +49.3% YoY (vs +49.3% in previous quarter and historical rate +31.0%)
- EBITDA +20.6% YoY (vs +20.6% in previous quarter and historical rate +26.1%)
- EBITDA margin 24.4% decreased compared to 30.1% same period last year
- Net Debt decreased by 19.5 bln rubles over the past reporting period (1.4% of market cap)
- FCF (LTM) +198.7 bln RUB (positive), 14.2% of market cap
- EV/EBITDA multiple is 2.9x compared to historical level (50th percentile) of 3.1x
- EV/EBITDA expected multiple is 3.8x

Growth potential decreased by 5.0% to -22.8%

------------------------------------------------

2024-08-22

#IVAT #reports

IVA Technologies reported for 2024 q2:
- Revenue +8.7% YoY (vs +53.9% in previous quarter and historical rate +95.8%)
- EBITDA -14.4% YoY (vs +43.8% in previous quarter and historical rate +109.7%)
- EBITDA margin 63.3% decreased compared to 80.4% same period last year
- EV/EBITDA multiple is 12.2x compared to historical level (50th percentile) of 12.7x

------------------------------------------------

2024-08-21

#TATN #reports

Tatneft reported for 2024 q2:
- Revenue +49.3% YoY (vs +49.3% in previous quarter and historical rate +31.0%)
- EBITDA +20.6% YoY (vs +20.6% in previous quarter and historical rate +26.1%)
- EBITDA margin 24.4% decreased compared to 30.1% same period last year
- Net Debt decreased by 19.5 bln rubles over the past reporting period (1.4% of market cap)
- FCF (LTM) +198.7 bln RUB (positive), 14.2% of market cap
- EV/EBITDA multiple is 2.9x compared to historical level (50th percentile) of 3.1x
- EV/EBITDA expected multiple is 3.7x

Growth potential decreased by 1.2% to -17.4%

------------------------------------------------

2024-08-21

#CIAN #reports

Cian reported for 2024 q2:
- Revenue +21.4% YoY (vs +31.2% in previous quarter and historical rate +37.2%)
- EBITDA +118% YoY (vs +347.9% in previous quarter and historical rate +92.5%)
- EBITDA margin 24.7% increased compared to 13.8% same period last year
- Net Debt decreased by 6.6 bln rubles over the past reporting period (13.5% of market cap)
- FCF (LTM) +8.7 bln RUB (positive), 17.9% of market cap
- EV/EBITDA multiple is 10.8x compared to historical level (50th percentile) of 24.4x

------------------------------------------------

2024-08-20

#TCSG #reports

Tinkoff reported for 2024 q2:
- Revenue +43.2% YoY (vs +46.0% in previous quarter and historical rate +30.9%)
- Net Income +15.4% YoY (vs +37.4% in previous quarter and historical rate +45.7%)
- Net Income 19.6% decreased compared to 24.3% same period last year
- P/E multiple is 7.9x compared to historical level (50th percentile) of 13.3x

------------------------------------------------

2024-08-20

#LEAS #reports

Europlan reported for 2024 q2:
- Revenue +38.3% YoY (vs +33.7% in previous quarter and historical rate +33.9%)
- Net Income +18.3% YoY (vs +33.1% in previous quarter and historical rate +31.9%)
- Net Income 43.3% decreased compared to 50.7% same period last year
- P/E multiple is 5.9x compared to historical level (50th percentile) of 7.4x

------------------------------------------------

2024-08-19

#DELI #reports

Delimobil reported for 2024 H1:
- Revenue +46.4% YoY (vs +48.2% in previous half-year and historical rate +34.6%)
- EBITDA -0.8% YoY (vs +58.3% in previous half-year and historical rate +43.1%)
- EBITDA margin 15.4% decreased compared to 22.7% same period last year
- Net Debt increased by 3.5 bln rubles over the past reporting period (8.2% of market cap)
- FCF (LTM) -12.9 bln RUB (negative), 30.3% of market cap
- EV/EBITDA multiple is 11.8x compared to historical level (50th percentile) of 14.8x

------------------------------------------------

2024-08-16

#SVCB #reports

Sovcombank reported for 2024 q2:
- Revenue +31.5% YoY (vs +57.0% in previous quarter and historical rate +16.1%)
- Net Income -46.9% YoY (vs -5.9% in previous quarter and historical rate +23.8%)
- Net Income 33.2% decreased compared to 82.3% same period last year
- P/E multiple is 3.5x compared to historical level (50th percentile) of 3.9x

------------------------------------------------

2024-08-16

#SOFL #reports

Softline reported for 2024 q2:
- Revenue +30.3% YoY (vs +51.8% in previous quarter and historical rate +10.0%)
- EBITDA +347.6% YoY (vs +145200.0% in previous quarter and historical rate +34.8%)
- EBITDA margin 7.6% increased compared to 2.2% same period last year
- Net Debt increased by 1.8 bln rubles over the past reporting period (4.2% of market cap)
- FCF (LTM) -14.7 bln RUB (negative), 34.4% of market cap
- EV/EBITDA multiple is 10.8x compared to historical level (50th percentile) of 16.4x
- EV/EBITDA expected multiple is 7.6x

------------------------------------------------

2024-08-16

#GCHE #reports

Cherkizovo reported for 2024 q1:
- Revenue +20.4% YoY (vs +20.4% in previous quarter and historical rate +21.0%)
- EBITDA +74.1% YoY (vs +74.1% in previous quarter and historical rate +39.1%)
- EBITDA margin 23.3% increased compared to 16.1% same period last year
- Net Debt increased by 6.4 bln rubles over the past reporting period (3.2% of market cap)
- FCF (LTM) -2.7 bln RUB (negative), 1.3% of market cap
- EV/EBITDA multiple is 4.9x compared to historical level (50th percentile) of 7.2x

Growth potential decreased by 22.6% to -95.0%

------------------------------------------------

2024-08-16

#FLOT #reports

SCF Group reported for 2024 q2:
- Revenue -10.1% YoY (vs +8.7% in previous quarter and historical rate +36.0%)
- EBITDA -31.1% YoY (vs -7.8% in previous quarter and historical rate +43.6%)
- EBITDA margin 54.2% decreased compared to 70.6% same period last year
- Net Debt decreased by 41.8 bln rubles over the past reporting period (17.2% of market cap)
- FCF (LTM) +66 bln RUB (positive), 27.1% of market cap
- EV/EBITDA multiple is 2.1x compared to historical level (50th percentile) of 3.2x

Growth potential decreased by 4.8% to -9.3%

------------------------------------------------

2024-08-15

#GCHE #reports

Cherkizovo reported for 2024 q2:
- Revenue +20.4% YoY (vs +20.4% in previous quarter and historical rate +21.0%)
- EBITDA +74.1% YoY (vs +74.1% in previous quarter and historical rate +39.1%)
- EBITDA margin 23.3% increased compared to 16.1% same period last year
- Net Debt increased by 6.4 bln rubles over the past reporting period (3.2% of market cap)
- FCF (LTM) -2.7 bln RUB (negative), 1.4% of market cap
- EV/EBITDA multiple is 4.9x compared to historical level (50th percentile) of 7.2x

Growth potential decreased by 72.9% to -93.9%

------------------------------------------------

2024-08-15

#FIVE #reports

X5 Retail Group reported for 2024 q2:
- Revenue +25.1% YoY (vs +27.3% in previous quarter and historical rate +19.5%)
- EBITDA +18.3% YoY (vs +39.9% in previous quarter and historical rate +18.4%)
- EBITDA margin 7.5% decreased compared to 7.9% same period last year
- Net Debt decreased by 26.9 bln rubles over the past reporting period (3.5% of market cap)
- FCF (LTM) +31.7 bln RUB (positive), 4.2% of market cap
- EV/EBITDA multiple is 3.8x compared to historical level (50th percentile) of 4.1x

------------------------------------------------

2024-08-14

#IRAO #reports

Inter RAO reported for 2024 q2:
- Revenue -1.2% YoY (vs +15.3% in previous quarter and historical rate +9.7%)
- EBITDA -16.8% YoY (vs +32.5% in previous quarter and historical rate +8.0%)
- EBITDA margin 9.0% decreased compared to 10.7% same period last year
- Net Debt increased by 139.5 bln rubles over the past reporting period (34.7% of market cap)
- FCF (LTM) -176 bln RUB (negative), 43.7% of market cap
- EV/EBITDA multiple is 2x compared to historical level (50th percentile) of 1x

------------------------------------------------

2024-08-14

#RTKM #reports

Rostelecom reported for 2024 q2:
- Revenue +10.5% YoY (vs +7.1% in previous quarter and historical rate +9.4%)
- EBITDA +8.6% YoY (vs +10.4% in previous quarter and historical rate +12.7%)
- EBITDA margin 39.9% decreased compared to 40.6% same period last year
- Net Debt increased by 9 bln rubles over the past reporting period (3.7% of market cap)
- FCF (LTM) -102.6 bln RUB (negative), 42.9% of market cap
- EV/EBITDA multiple is 3.1x compared to historical level (50th percentile) of 4.3x

------------------------------------------------

2024-08-13

#TRMK #reports

TMK (pipe) reported for 2024 q1:
- Revenue -0.8% YoY (vs -0.8% in previous quarter and historical rate +36.2%)
- EBITDA -55.4% YoY (vs -55.4% in previous quarter and historical rate +60.5%)
- EBITDA margin 12.8% decreased compared to 28.4% same period last year
- Net Debt increased by 29.4 bln rubles over the past reporting period (19.2% of market cap)
- FCF (LTM) -29.7 bln RUB (negative), 19.4% of market cap
- EV/EBITDA multiple is 5.4x compared to historical level (50th percentile) of 4x

Growth potential decreased by 106.9% to -148.4%

------------------------------------------------

2024-08-13

#TRMK #reports

TMK (pipe) reported for 2024 q2:
- Revenue -0.8% YoY (vs -0.8% in previous quarter and historical rate +36.2%)
- EBITDA -55.4% YoY (vs -55.4% in previous quarter and historical rate +60.5%)
- EBITDA margin 12.8% decreased compared to 28.4% same period last year
- Net Debt increased by 29.4 bln rubles over the past reporting period (19.2% of market cap)
- FCF (LTM) -29.7 bln RUB (negative), 19.4% of market cap
- EV/EBITDA multiple is 5.4x compared to historical level (50th percentile) of 4x

Growth potential decreased by 101.3% to -142.8%

------------------------------------------------

2024-08-13

#ALRS #reports

Alrosa reported for 2024 q1:
- Revenue -35.3% YoY (vs -34.0% in previous quarter and historical rate -4.4%)
- EBITDA -80.4% YoY (vs -58.6% in previous quarter and historical rate -6.1%)
- EBITDA margin 14.5% decreased compared to 48.1% same period last year
- Net Debt decreased by 40.7 bln rubles over the past reporting period (9.3% of market cap)
- FCF (LTM) +3.8 bln RUB (positive), 0.9% of market cap
- EV/EBITDA multiple is 6.1x compared to historical level (50th percentile) of 4.3x

Growth potential increased by 1.2% to -78.0%

------------------------------------------------

2024-08-12

#ALRS #reports

Alrosa reported for 2024 q2:
- Revenue -35.3% YoY (vs -34.0% in previous quarter and historical rate -4.4%)
- EBITDA -80.4% YoY (vs -58.6% in previous quarter and historical rate -6.1%)
- EBITDA margin 14.5% decreased compared to 48.1% same period last year
- Net Debt decreased by 40.7 bln rubles over the past reporting period (9.2% of market cap)
- FCF (LTM) +3.8 bln RUB (positive), 0.9% of market cap
- EV/EBITDA multiple is 6.1x compared to historical level (50th percentile) of 4.3x

Growth potential decreased by 3.7% to -81.0%

------------------------------------------------

2024-08-08

#UPRO #reports

Unipro reported for 2024 H1:
- Revenue +7.9% YoY (vs +10.9% in previous half-year and historical rate +15.7%)
- EBITDA +13.5% YoY (vs -71.2% in previous half-year and historical rate +30.7%)
- EBITDA margin 40.7% increased compared to 38.7% same period last year
- Net Debt decreased by 20.5 bln rubles over the past reporting period (18.0% of market cap)
- FCF (LTM) +27.3 bln RUB (positive), 24.0% of market cap
- EV/EBITDA multiple is 1.2x compared to historical level (50th percentile) of 4.6x

------------------------------------------------

2024-08-08

#SBER #reports

Sberbank reported for 2024 q2:
- Revenue +9.9% YoY (vs +12.5% in previous quarter and historical rate +13.7%)
- Net Income +9.8% YoY (vs +10.7% in previous quarter and historical rate +47.6%)
- Net Income 40.4% has not changed compared to 40.4% same period last year
- P/E multiple is 4x compared to historical level (50th percentile) of 5.2x

------------------------------------------------

2024-08-08

#VKCO #reports

VK company reported for 2024 q1:
- Revenue +17.1% YoY (vs +28.7% in previous quarter and historical rate +10.8%)
- EBITDA -131% YoY (vs -112.5% in previous quarter and historical rate -45.0%)
- EBITDA margin -1.0% decreased compared to 3.7% same period last year
- Net Debt increased by 12.7 bln rubles over the past reporting period (13.5% of market cap)
- FCF (LTM) -48.9 bln RUB (negative), 52.0% of market cap
- EV/EBITDA multiple is -61.7x compared to historical level (50th percentile) of 11.8x

------------------------------------------------

2024-08-08

#FIXP #reports

Fix Price reported for 2024 H1:
- Revenue +9.4% YoY (vs +7.1% in previous half-year and historical rate +12.8%)
- EBITDA -10.9% YoY (vs +1.5% in previous half-year and historical rate +7.8%)
- EBITDA margin 10.4% decreased compared to 12.8% same period last year
- Net Debt increased by 3 bln rubles over the past reporting period (1.6% of market cap)
- FCF (LTM) +9.8 bln RUB (positive), 5.2% of market cap
- EV/EBITDA multiple is 4.4x compared to historical level (50th percentile) of 7.7x

------------------------------------------------

2024-08-08

#VKCO #reports

VK company reported for 2024 q2:
- Revenue +17.1% YoY (vs +28.7% in previous quarter and historical rate +10.8%)
- EBITDA -131% YoY (vs -112.5% in previous quarter and historical rate -45.0%)
- EBITDA margin -1.0% decreased compared to 3.7% same period last year
- Net Debt increased by 12.7 bln rubles over the past reporting period (13.5% of market cap)
- FCF (LTM) -48.9 bln RUB (negative), 51.8% of market cap
- EV/EBITDA multiple is -61.7x compared to historical level (50th percentile) of 11.8x

------------------------------------------------

2024-08-08

#PHOR #reports

Phosagro reported for 2024 q2:
- Revenue +26.6% YoY (vs +2.7% in previous quarter and historical rate +25.5%)
- EBITDA +15.2% YoY (vs -22.7% in previous quarter and historical rate +36.5%)
- EBITDA margin 31.9% decreased compared to 35.0% same period last year
- Net Debt decreased by 46.7 bln rubles over the past reporting period (6.6% of market cap)
- FCF (LTM) +55.1 bln RUB (positive), 7.8% of market cap
- EV/EBITDA multiple is 5.1x compared to historical level (50th percentile) of 6.3x

Growth potential decreased by 4.6% to -40.0%

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 3.2%
Free cash flow yield -112.9% (LTM)
Share price is 60.3% higher than minimum and 44.8% lower than maximum for the last 3 years
The company is overvalued by EV / LTM EBITDA multiple compared to target level (5.8x vs
)

Key Financials (Download financials)

Ticker: AFKS

Share price, RUB: (-0.4%)16.469

year average price 19.95

year start price 17.47 2023-09-18

max close price 29.83 2024-05-21

min close price 14.75 2024-09-03

current price 16.76 2024-09-16

Common stocks: 9 650 000 000

Dividend Yield: 3.2%

FCF Yield LTM: -112.9%

EV / LTM EBITDA: 5.8x

EV / EBITDA annualized: 4.6x

Target EV / EBITDA (hist percentile):

Express share price potential:

EV / LTM EBITDA mutiple calculation

Market Cap (m RUB): 158 926

Net Debt (m RUB): 1 525 285

EV (Enterprise Value): 1 684 211

EBITDA LTM (m RUB): 290 300

EV / LTM EBITDA: 5.8x

Average daily trading volume for the week, RUB mln: 3912

P / E 3.0x

P / B 1.6x

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

Valuation through assets (as of the end of 2024 q2)

Sistema PJSC FC has stakes in the following companies

Company	Ticker	Share	Cap	Owned	EBITDA LTM	Net Debt
Segezha Group	SGZH	72.0%	21 903	15 770	10 984	155 127
MTS	MTSS	50.3%	349 619	175 859	209 708	423 951
OZON	OZON	32.4%	593 165	192 185
Etalon	ETLN	50.1%	25 315	12 683	18 831	146 153
Element	ELMT	42.9%	81 667	35 070
Influence at AFKS				431 567	239 523	725 231

	mln RUB

Net Debt AFKS	1 525 285
Net Debt in listed companies	725 231
Net Debt in not listed companies	800 054

EBITDA LTM AFKS	290 300
EBITDA LTM in listed companies	239 523
EBITDA LTM in not listed companies	50 777
EV evaluation in not listed companies (x5)	253 885

Binnopharm Cap revaluation	41 600

Cap in not listed companies, min -300k	-504 569
Cap in listed companies	431 567

AFKS Cap evaluation through assets	131 567
AFKS Cap	159 645

Current price premium	21.3%
Historical price discount	6.1%

Growth potential (0.939 / 1.213 - 1)	-22.6%

chart technology by TradingView

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