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General information

Leading Russian developer
  • Current market environment: positive. Prices of production are 19.0% higher compared to the last 12 months (LTM)
  • Prices of production are at 74.3% percentile over the past 5 years, adjusted for inflation
  • Pretty weak financial results growth rate 3.5% (average between last period year over year growth for revenue and EBITDA), there is slowdown compared to average historical growth rates (31.6%)
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield -32.2% (LTM), projected -28.6%
  • Share of USD-denominated sales in revenue of the company (estimate) ≈ 0.0%
  • Share price is 80.0% higher than minimum and 52.6% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (8.6x vs

Key Financials (Download financials)

Ticker: PIKK
Share price, RUB:  (+0.3%)711.35
year average price 653.73  

year start price 537.20 2022-06-08

max close price 800.00 2022-09-15

min close price 528.60 2022-10-07

current price 708.70 2023-06-07
Common stocks: 660 497 344

Dividend Yield:  0.0%
FCF Yield LTM / expected: -32.2% / -28.6%
EV / EBITDA annualized: 7.3x
Last revenue growth (y/y):  23.5%
Last growth of EBITDA (y/y):  -16.5%
Historical revenue growth:  25.3%
Historical growth of EBITDA:  37.9%
Target EV / EBITDA (hist percentile):
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 469 845
Net Debt (m RUB): 330 354
EV (Enterprise Value): 800 199
EBITDA LTM (m RUB): 92 517

Revenue and EBITDA

Semi-Annual values (m RUB)

Change (y/y)

Cash Flow

FCF / Free Cash Flow (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

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