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General information

Technological leader being #1 search engine in Russia, #1 in taxi business, as well operating classifieds, music, carsharing, food delivery businesses
  • Good financial results growth rate 31.3% (average between last period year over year growth for revenue and EBITDA), there is slowdown compared to average historical growth rates (52.9%)
  • Dividend yield for the last twelve months 3.6%
  • Free cash flow yield -3.9% (LTM)
  • Share price is 225.9% higher than minimum and 5.4% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (7.7x vs
    )
  • Fundamental value created in LTM (estimate)
  • Taking into account the impact of the key rate 21% on the change in financial parameters: EBITDA adjustment is -12 215 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is 188 177 mln rub, expected mult is 9.9x, target mult is 10.4x, potential is +5.6%

Key Financials (Download financials)

Ticker: YDEX
Share price, RUB:  (+0.2%)4454
year average price 4009  


year start price 3994 2024-03-29

min close price 3211 2024-11-26

max close price 4709 2025-02-17

current price 4454 2025-03-28
Common stocks: 379 450 000

Dividend Yield:  3.6%
FCF Yield LTM: -3.9%
EV / LTM EBITDA: 7.7x
EV / EBITDA annualized: 6.5x
Last revenue growth (y/y):  30.0%
Last growth of EBITDA (y/y):  32.6%
Historical revenue growth:  40.2%
Historical growth of EBITDA:  65.7%
Target EV / EBITDA (hist percentile):
Express share price potential:
Fundamental value created in LTM:
Fundamental value created in LTM:
 Mult Upside+37.7%
 FCF Creation-4.6%
 Growth+31.3%
 Growth Corr-21.6%
 
 Sum+42.8%
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 1 690 070
Net Debt (m RUB): 225 000
EV (Enterprise Value): 1 915 070
EBITDA LTM (m RUB): 250 000
EV / LTM EBITDA: 7.7x
Net Debt / LTM EBITDA (if EBITDA > 0): 0.9x
Average daily trading volume for the week, RUB mln: 2085
P / B 5.3x

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