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General information

TOP-10 gold producer with growing output and financials. Historically had moderate corporate governance (related party transactions, etc), but starting with 2019 is paying dividends and shows signs of governance improvement
  • Current market environment: positive. Prices of production are 13.1% higher compared to the last 12 months (LTM)
  • Prices of production are at 97.0% percentile over the past 5 years, adjusted for inflation (are close to maximum)
  • Dividend yield for the last twelve months 14.2%
  • Free cash flow yield 32.7% (LTM), projected 29.5%
  • Share of USD-denominated sales in revenue of the company (estimate) ≈ 0.0%
  • Share price is 24.1% higher than minimum and 53.5% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (5.5x vs
    )
  • The company is undervalued 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 -3 442 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is 16 065 mln rub, expected mult is 6.0x, target mult is 8.8x, potential is +101.0%

Key Financials (Download financials)

Ticker: SELG
Share price, RUB:  (-1.2%)42.4
year average price 48.70  


year start price 62.23 2024-06-28

max close price 62.40 2024-07-01

min close price 35.40 2024-12-16

current price 42.35 2025-06-27
Common stocks: 1 030 000 000

Dividend Yield:  14.2%
FCF Yield LTM / expected: 32.7% / 29.5%
EV / LTM EBITDA:5.5x
EV / EBITDA annualized: 4.2x
Production prices change from LTM: 13.1%
EV / projected EBITDA:
Target EV / EBITDA (hist percentile):
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 43 672
Net Debt (m RUB): 72 303
EV (Enterprise Value): 115 975
EBITDA LTM (m RUB): 21 211
Net Income LTM (m RUB): -12 825
EV / LTM EBITDA: 5.5x
Net Debt / LTM EBITDA (if EBITDA > 0): 3.4x
Average daily trading volume for the week, RUB mln: 87
P / B 2.0x
EBITDA margin ann-d 41.9%
Net income margin ann-d -16.7%

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