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General information

Leading nitrogen fertilizers producer, increasing output every year and having US-denominated sales; subject to nitrogen fertilizers volatility
  • Current market environment: negative. Prices of production are 0.5% lower compared to the last 12 months (LTM)
  • Prices of production are at 62.4% percentile over the past 5 years, adjusted for inflation
  • Dividend yield for the last twelve months 3.4%
  • Free cash flow yield -3.0% (LTM), projected -3.6%
  • Share of USD-denominated sales in revenue of the company (estimate) 97.8%
  • Share price is 16.7% higher than minimum and 23.0% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (11.4x vs
    )
  • The company is overvalued by EV / projected EBITDA multiple compared to target level (
    vs
    )
  • Taking into account the impact of the key rate 20.0% on the change in financial parameters: EBITDA adjustment is -8 757 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is 52 498 mln rub, expected mult is 14.8x, target mult is 8.5x, potential is -51.3%

Key Financials (Download financials)

Ticker: AKRN
Share price, RUB:  (-0.5%)15814
year average price 16368  


year start price 15482 2024-07-06

min close price 14850 2024-09-02

max close price 18178 2025-02-12

current price 15814 2025-07-05
Common stocks: 40 530 000

Dividend Yield:  3.4%
FCF Yield LTM / expected: -3.0% / -3.6%
EV / LTM EBITDA:11.4x
EV / EBITDA annualized: 12.1x
Production prices change from LTM: -0.5%
EV / projected EBITDA:
Target EV / EBITDA (hist percentile):
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 640 941
Net Debt (m RUB): 112 552
EV (Enterprise Value): 753 493
EBITDA LTM (m RUB): 66 179
Net Income LTM (m RUB): 38 539
EV / LTM EBITDA: 11.4x
Net Debt / LTM EBITDA (if EBITDA > 0): 1.7x
Average daily trading volume for the week, RUB mln: 4
P / E 16.6x
P / E ann-d11.1x
P / B 2.9x
EBITDA margin ann-d 23.3%
Net income margin ann-d 21.7%

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