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General information

Sovcomflot operates as a shipping company. The Company provides maritime transportation of hydrocarbons, as well as the servicing and support of offshore exploration and oil and gas production. "Sovcomflot" serves customers in Russia.
  • Current market environment: positive. Prices of production are 6.2% higher compared to the last 12 months (LTM)
  • Prices of production are at 60.9% percentile over the past 5 years, adjusted for inflation
  • Dividend yield for the last twelve months 7.7%
  • Free cash flow yield 16.8% (LTM), projected 15.8%
  • Share of USD-denominated sales in revenue of the company (estimate) ≈ 100.0%
  • Share price is 358.1% higher than minimum and 8.2% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (2.7x vs
    )
  • The company is undervalued by EV / projected EBITDA multiple compared to target level (
    vs
    )
  • Taking into account the impact of the key rate 16.0% on the change in financial parameters: EBITDA adjustment is -1 446 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is 127 210 mln rub, expected mult is 2.8x, target mult is 3.4x, potential is +22.2%

Key Financials (Download financials)

Ticker: FLOT
Share price, RUB:  (+1.2%)137.05
year average price 113.55  


year start price 58.85 2023-04-22

min close price 56.05 2023-05-03

max close price 149.31 2024-01-03

current price 137.05 2024-04-20
Common stocks: 2 374 990 000

Dividend Yield:  7.7%
FCF Yield LTM / expected: 16.8% / 15.8%
EV / LTM EBITDA: 2.7x
EV / EBITDA annualized: 2.9x
Production prices change from LTM: 6.2%
EV / projected EBITDA:
Target EV / EBITDA (hist percentile):
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 325 492
Net Debt (m RUB): 35 244
EV (Enterprise Value): 360 736
EBITDA LTM (m RUB): 132 805
EV / LTM EBITDA: 2.7x
Average daily trading volume for the week, RUB mln: 1097.96

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

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