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General information

  • Good financial results growth rate 11.4% (average between last period year over year growth for revenue and EBITDA), there is slowdown compared to average historical growth rates (61.0%)
  • Dividend yield for the last twelve months 4.4%
  • Free cash flow yield -17.3% (LTM)
  • Share price is 5.2% higher than minimum and 63.9% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (5.6x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials (Download financials)

Ticker: VSEH
Share price, RUB:  (-0.8%)72.3
year average price 107.39  


year start price 198.00 2024-07-12

max close price 198.00 2024-07-12

min close price 68.70 2024-12-16

current price 72.30 2025-07-11
Common stocks: 500 000 000

Dividend Yield:  4.4%
FCF Yield LTM: -17.3%
EV / LTM EBITDA:5.6x
EV / EBITDA annualized: 5.3x
Last revenue growth (y/y):  30.1%
Last growth of EBITDA (y/y):  -7.2%
Historical revenue growth:  45.3%
Historical growth of EBITDA:  76.6%
Target EV / EBITDA (hist percentile):
Fundamental value created in LTM:
Fundamental value created in LTM:
 Mult Upside+25.0%
 FCF Creation-17.3%
 Growth+11.4%
 Growth Corr-49.5%
 
 Sum-30.4%
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 36 150
Net Debt (m RUB): 27 258
EV (Enterprise Value): 63 408
EBITDA LTM (m RUB): 11 361
Net Income LTM (m RUB): 1 414
EV / LTM EBITDA: 5.6x
Net Debt / LTM EBITDA (if EBITDA > 0): 2.4x
Average daily trading volume for the week, RUB mln: 25
P / E 25.6x
P / E ann-d7.0x
P / B 17.6x
EBITDA margin ann-d 6.0%
Net income margin ann-d 2.6%

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