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General information

Largest gold producer with solid corporate governance and annually increasing gold output. The richest (in terms of grade) Olimpiada deposit is showing decreasing output recently, which can lead to increase of cash cost per ounce
  • Current market environment: positive. Prices of production are 25.2% higher compared to the last 12 months (LTM)
  • Prices of production are at 95.8% percentile over the past 5 years, adjusted for inflation (are close to maximum)
  • Dividend yield for the last twelve months 3.5%
  • Free cash flow yield 9.9% (LTM), projected 13.9%
  • Share of USD-denominated sales in revenue of the company (estimate) ≈ 100.0%
  • Share price is 146.7% higher than minimum and 22.7% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (5.8x 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% on the change in financial parameters: EBITDA adjustment is -25 787 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is 348 859 mln rub, expected mult is 5x, target mult is 8.4x, potential is +102.7%

Key Financials (Download financials)

Ticker: PLZL
Share price, RUB:  (+2.5%)12331.5
year average price 11692  


year start price 10636 2023-06-18

min close price 9891 2023-12-14

max close price 14570 2024-04-15

current price 12332 2024-06-16
Common stocks: 94 625 000

Dividend Yield:  3.5%
FCF Yield LTM / expected: 9.9% / 13.9%
EV / LTM EBITDA: 5.8x
EV / EBITDA annualized: 4.7x
Production prices change from LTM: 25.2%
EV / projected EBITDA:
Target EV / EBITDA (hist percentile):
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 1 166 868
Net Debt (m RUB): 655 480
EV (Enterprise Value): 1 822 348
EBITDA LTM (m RUB): 316 832
EV / LTM EBITDA: 5.8x
Average daily trading volume for the week, RUB mln: 1677.62

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