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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 27.3% higher compared to the last 12 months (LTM)
  • Prices of production are at 98.2% percentile over the past 5 years, adjusted for inflation (are close to maximum)
  • Dividend yield for the last twelve months 5.4%
  • Free cash flow yield 29.0% (LTM), projected 35.2%
  • Share of USD-denominated sales in revenue of the company (estimate) ≈ 0.0%
  • Share price is 118.4% higher than minimum and 18.2% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (7.8x vs
    )
  • The company is undervalued by EV / projected EBITDA multiple compared to target level (
    vs
    )
  • Taking into account the impact of the key rate 16.0% on the change in financial parameters: EBITDA adjustment is -1 585 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is 19 344 mln rub, expected mult is 5.8x, target mult is 7.3x, potential is +37.0%

Key Financials (Download financials)

Ticker: SELG
Share price, RUB:  (+1.0%)74.64
year average price 69.77  


year start price 49.24 2023-05-26

min close price 48.67 2023-05-30

max close price 91.22 2023-09-05

current price 74.58 2024-05-24
Common stocks: 1 030 000 000

Dividend Yield:  5.4%
FCF Yield LTM / expected: 29.0% / 35.2%
EV / LTM EBITDA: 7.8x
EV / EBITDA annualized: 7.3x
Production prices change from LTM: 27.3%
EV / projected EBITDA:
Target EV / EBITDA (hist percentile):
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 76 879
Net Debt (m RUB): 40 941
EV (Enterprise Value): 117 820
EBITDA LTM (m RUB): 15 027
EV / LTM EBITDA: 7.8x
Average daily trading volume for the week, RUB mln: 297.19

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