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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 3.3%
  • Free cash flow yield -149.4% (LTM)
  • Share price is 52.5% higher than minimum and 47.5% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (5.6x vs
    )

Key Financials (Download financials)

Ticker: AFKS
Share price, RUB:  (+3.3%)15.664
year average price 17.57  


year start price 27.04 2024-05-13

max close price 29.83 2024-05-21

min close price 11.72 2024-12-16

current price 15.82 2025-05-12
Common stocks: 9 650 000 000
Dividend Yield:  3.3%
FCF Yield LTM: -149.4%
EV / LTM EBITDA:5.6x
EV / EBITDA annualized: 5.5x
Target EV / EBITDA (hist percentile):
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 151 158
Net Debt (m RUB): 1 703 381
EV (Enterprise Value): 1 854 539
EBITDA LTM (m RUB): 330 000
Net Income LTM (m RUB): -1 102
EV / LTM EBITDA: 5.6x
Net Debt / LTM EBITDA (if EBITDA > 0): 5.2x
Average daily trading volume for the week, RUB mln: 888
P / B 1.7x
EBITDA margin ann-d 24.4%
Net income margin ann-d -0.8%

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

Valuation through assets (as of the end of 2024 q4)

Sistema PJSC FC has stakes in the following companies

Company Ticker Share Cap Owned EBITDA LTM Net Debt
Segezha Group SGZH 72.0% 23 708 17 069 10 010 161 101
MTS MTSS 50.3% 373 273 187 756 214 991 477 079
OZON OZON 32.4% 751 810 243 587    
Etalon ETLN 50.1% 23 045 11 546 37 188 173 081
Element ELMT 42.9% 63 286 27 177    
Influence at AFKS 487 134 262 189 811 261
mln RUB
 
         Net Debt AFKS 1 703 381
         Net Debt in listed companies 811 261
      Net Debt in not listed companies 892 120
 
         EBITDA LTM AFKS 330 000
         EBITDA LTM in listed companies 262 189
         EBITDA LTM in not listed companies 67 811
      EV evaluation in not listed companies (x5) 339 055
 
      Binnopharm Cap revaluation 41 600
 
   Cap in not listed companies -511 465
   Cap in listed companies 487 134
 
AFKS Cap evaluation through assets -24 331
AFKS Cap 151 158
 
Current price discount 721.3%
Historical price discount 0.2%
 
Growth potential (0.998 / -6.213 - 1) -116.1%
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More information for subscribed users:
detailed calculation of
Potential and Created Value,
commodities affecting the company