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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: positive. Prices of production are 5.3% higher compared to the last 12 months (LTM)
  • Prices of production are at 67.1% percentile over the past 5 years, adjusted for inflation
  • Dividend yield for the last twelve months 3.3%
  • Free cash flow yield -3.5% (LTM), projected -3.0%
  • Share of USD-denominated sales in revenue of the company (estimate) 97.8%
  • Share price is 19.3% higher than minimum and 21.6% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (11.8x vs
    )
  • The company is overvalued by EV / projected EBITDA multiple compared to target level (
    vs
    )
  • Taking into account the impact of the key rate 21.0% on the change in financial parameters: EBITDA adjustment is -6 435 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is 62 827 mln rub, expected mult is 11.8x, target mult is 8.8x, potential is -29.0%

Key Financials (Download financials)

Ticker: AKRN
Share price, RUB:  (-2.7%)16100
year average price 16392  


year start price 16450 2024-05-21

min close price 14850 2024-09-02

max close price 18178 2025-02-12

current price 16100 2025-05-20
Common stocks: 40 530 000

Dividend Yield:  3.3%
FCF Yield LTM / expected: -3.5% / -3.0%
EV / LTM EBITDA:11.8x
EV / EBITDA annualized: 9.4x
Production prices change from LTM: 5.3%
EV / projected EBITDA:
Target EV / EBITDA (hist percentile):
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 652 533
Net Debt (m RUB): 116 473
EV (Enterprise Value): 769 006
EBITDA LTM (m RUB): 65 198
Net Income LTM (m RUB): 30 520
EV / LTM EBITDA: 11.8x
Net Debt / LTM EBITDA (if EBITDA > 0): 1.8x
Average daily trading volume for the week, RUB mln: 7
P / E 21.4x
P / E ann-d15.8x
P / B 3.1x
EBITDA margin ann-d 37.0%
Net income margin ann-d 18.8%

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

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