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General information

Abrau-Durso produces sparkling wines, still wines, as well as cider, strong alcoholic drinks, soft drinks and artesian water
  • Pretty weak financial results growth rate 1.8% (average between last period year over year growth for revenue and EBITDA), there is slowdown compared to average historical growth rates (31.5%)
  • Dividend yield for the last twelve months 3.2%
  • Free cash flow yield -1.7% (LTM)
  • Share price is 3.3% higher than minimum and 57.8% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (6.2x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials (Download financials)

Ticker: ABRD
Share price, RUB:  (0.0%)155.4
year average price 180.63  


year start price 187.80 2024-11-03

max close price 235.40 2025-03-04

min close price 150.40 2025-10-27

current price 155.40 2025-11-02
Common stocks: 98 000 000
Dividend Yield:  3.2%
FCF Yield LTM: -1.7%
EV / LTM EBITDA:6.2x
EV / EBITDA annualized: 6.2x
Last revenue growth (y/y):  0.1%
Last growth of EBITDA (y/y):  3.4%
Historical revenue growth:  28.3%
Historical growth of EBITDA:  34.7%
Target EV / EBITDA (hist percentile):
Fundamental value created in LTM:
Fundamental value created in LTM:
 Mult Upside+62.4%
 FCF Creation-1.7%
 Growth+1.8%
 Growth Corr-29.7%
 
 Sum+32.7%
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 15 229
Net Debt (m RUB): 9 657
EV (Enterprise Value): 24 886
EBITDA LTM (m RUB): 4 034
Net Income LTM (m RUB): 1 837
EV / LTM EBITDA: 6.2x
Net Debt / LTM EBITDA (if EBITDA > 0): 2.4x
Average daily trading volume for the week, RUB mln: 3
P / E 7.3x
P / E ann-d8.3x
P / B 0.8x
EBITDA margin ann-d 20.5%
Net income margin ann-d 9.3%

Revenue and EBITDA

Semi-Annual 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

MSFO data *The values are shown in mln. The % change shows the difference from the same period last year

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Income


Q Revenue Gross profit Operating income Net income PercentProfit PercentLoss
 
2024 H2 9 8240% 4 160-5% 1 736+4% 918-20% 412-45% -482<-100%
2023 H2 9 811+1% 4 395-9% 1 670-33% 1 154-39% 750>+200% 386<-100%
2023 H1 4 246+5% 1 022-21% -1<-100% 127<-100% 573>+200% -390-12%
2022 H2 9 749+23% 4 854+54% 2 507+19% 1 902+24% 115+159% -28-87%
2022 H1 4 062+10% 1 287+78% 287+139% -130-27% 110>+200% -445+66%
2021 H2 7 922+11% 3 153+7% 2 106-3% 1 529-10% 44-46% -224+1%
2021 H1 3 692+27% 725+15% 120<-100% -179-70% 15-75% -269+43%
2020 H2 7 146+7% 2 955+2% 2 160+23% 1 697+24% 82+140% -222>+200%
2020 H1 2 907+15% 628-25% -435>+200% -598>+200% 60-36% -187>+200%
2019 H2 6 670+15% 2 906+7% 1 754+37% 1 366+48% 34-57% -48-35%
2019 H1 2 519-8% 832-13% -24<-100% -92<-100% 93>+200% -54-46%
2018 H2 5 806+3% 2 7120% 1 277+5% 925+7% 79>+200% -74-13%
2018 H1 2 728+32% 954+45% 293+98% 141<-100% 21>+200% -101-30%
2017 H2 5 611+1% 2 708-6% 1 217+22% 861+14% 22-20% -86-1%
2017 H1 2 062+10% 656-32% 148>+200% -38-85% 2-59% -143-45%
2016 H2 5 556+15% 2 883+3% 995-6% 753>+200% 28+163% -87-83%
2016 H1 1 882+19% 965+14% 24<-100% -247+163% 5-41% -259+109%
2015 H2 4 852+4% 2 804+13% 1 063-10% 220-15% 10-34% -515-36%
2015 H1 1 581+33% 849+55% -9-91% -94-59% 9+38% -124+17%
2014 H2 4 661+18% 2 484+16% 1 175+3% 259-67% 16>+200% -807>+200%
2014 H1 1 186+19% 546+4% -104<-100% -230+81% 6+47% -106-37%
2013 H2 3 967+118% 2 149+121% 1 137>+200% 777>+200% 0-98% -170+99%
2013 H1 994 524 70 -127 4 -169
2012 H2 1 817 972 326 163 30 -85


Balance


Implied interest rate for 2024 H2:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (482 - 412) * 2 / (9 657 - -26)

Q Total equity Total assets Net debt Implied interest rate NetDebt / LTM EBITDA
 
2024 H2 17 939+34% 34 252+24% 9 657+6% 1.4% 2.39x
2023 H2 13 375+6% 27 714+13% 9 090+22%   3.82x
2023 H1 12 168+13% 27 153+20% 9 708+20% -3.8% 3.02x
2022 H2 12 627+12% 24 632+14% 7 464+14% -2.3% 2.18x
2022 H1 10 810+8% 22 540+15% 8 072+21% 8.3% 2.53x
2021 H2 11 277+10% 21 641+5% 6 547-1% 5.5% 2.22x
2021 H1 10 028+16% 19 552+9% 6 657-3% 7.7% 2.44x
2020 H2 10 207+11% 20 520+30% 6 625+74% 4.3% 3.22x
2020 H1 8 611+10% 18 002+33% 6 865+105% 3.7% 4.13x
2019 H2 9 209+12% 15 791+11% 3 815+12% 0.7% 1.83x
2019 H1 7 842+7% 13 562+5% 3 357+3% -2.3% 2.19x
2018 H2 8 215+12% 14 226+10% 3 414+5% -0.3% 1.88x
2018 H1 7 342+14% 12 969+110% 3 263+51% 5.1% 1.35x
2017 H2 7 342-37% 12 969+12% 3 263+24% 4.0% 2.06x
2017 H1 6 455-3% 6 183-41% 2 160-1% 13.7% 1.62x
2016 H2 11 612+175% 11 612+2% 2 638-47% 4.8% 2.01x
2016 H1 6 645+76% 10 440+22% 2 176-23% 23.3% 34.64x
2015 H2 4 215+1% 11 416+12% 4 953+45% 20.9%  
2015 H1 3 784+2% 8 568+14% 2 830+19% 8.1%  
2014 H2 4 169+5% 10 226+21% 3 417+32% 46.3%  
2014 H1 3 706-6% 7 500-11% 2 369 8.4%  
2013 H2 3 956 8 455 2 588 13.1%  
2013 H1 3 956 8 455      
2012 H2          


Cashflow


Q Operating cashflow Investing cashflow Financial cashflow
 
2024 H2 -625<-100% -761+21%  
2023 H2 1 579+96% -627-53%  
2023 H1 -2 136+179% -1 110+76% 3 547+105%
2022 H2 805-8% -1 342+190%  
2022 H1 -765<-100% -629>+200% 1 733>+200%
2021 H2 879-15% -463+11% -52<-100%
2021 H1 132<-100% -159-94% 31-99%
2020 H2 1 035+68% -416-34% 105
2020 H1 -616<-100% -2 586>+200% 3 232<-100%
2019 H2 615+144% -628>+200%  
2019 H1 599-43% -345+51% -176-61%
2018 H2 252+141% -196-42% 455+124%
2018 H1 1 059+36% -229 -457
2017 H2 104-80% -339+18% 203<-100%
2017 H1 780-6%    
2016 H2 517<-100% -287-40% -170<-100%
2016 H1 831>+200%    
2015 H2 -97<-100% -476+22% 521<-100%
2015 H1 12<-100%    
2014 H2 419+136% -389+38% -39<-100%
2014 H1 -230+81%    
2013 H2 178 -283>+200% 136
2013 H1 -127    
2012 H2   -93  
RSBU data *The values are shown in mln. The % change shows the difference from the same period last year

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Income


Q Revenue Gross profit Operating income Net income PercentProfit PercentLoss
 
2025 q2 429>+200% 244<-100% 163<-100% 575<-100% 163>+200% -11+25%
2025 q1 94+31% -16-15% -61+16% 51-95% 161>+200% -11-23%
2024 q4 84-65% -77<-100% -178<-100% 284-63% 31>+200% -26-16%
2024 q3 82+16% -7-58% -50-14% -54-21% 15>+200% -14-48%
2024 q2 92+42% -14-66% -59-34% -28-68% 22>+200% -9-41%
2024 q1 72+12% -19>+200% -53+69% 951+103% 19>+200% -14-9%
2023 q4 240>+200% 133<-100% 26<-100% 766>+200% 3-13% -31+10%
2023 q3 71-1% -17>+200% -58+47% -68+29% 2-17% -27+21%
2023 q2 65-2% -40+112% -89+43% -86+27% 2+24% -15+2%
2023 q1 64-1% -2-94% -31-59% 470<-100% 1-36% -15-13%
2022 q4 65+43% -12-22% -49-25% 226-81% 3+65% -28-9%
2022 q3 71+57% -3-73% -40-13% -53-42% 3+40% -22-24%
2022 q2 66-9% -19+135% -62+9% -68-21% 2-44% -14-42%
2022 q1 65+42% -36+180% -76+96% -86+62% 2-40% -17-29%
2021 q4 45-21% -15>+200% -66+101% 1 207>+200% 2-92% -31>+200%
2021 q3 45 -11 -46 -91 2 -29
2021 q2 73 -8 -57 -86 3 -25
2021 q1 46 -13 -39 -53 4 -25
2020 q4 ( 3258 , 3259 ) 57-17% -1<-100% -33+153% 80-63% 26+40% -100%
2019 q4 69+8% 16-18% -13+132% 217+157% 19-16% -10-21%
2018 q4 64+24% 19+57% -6-35% 84-18% 23-1% -130%
2017 q4 ( 3262 , 3263 ) 52+37% 12>+200% -9-58% 102<-100% 23+1% -13-12%
2016 q4 38+5% 1-90% -20>+200% -34<-100% 22-17% -15-25%
2015 q4 ( 3265 , 3266 ) 36 11 -5 12 27 -20
2011 q4 ( 3278 , 3279 , 3280 ) 20+7% 7-32% -2<-100% 15>+200% 0-2% -2+99%
2010 q4 ( 3281 , 3282 , 3283 ) 19 10 2 1 0 -1
2009 q4            


Balance


Implied interest rate for 2024 q4:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (26 - 31) * 4 / (11 - 0)

Q Total equity Total assets Net debt
 
2025 q2 8 107+58% 9 466+53% -45<-100%
2025 q1 5 083-1% 8 812+40% -43<-100%
2024 q4 5 032+20% 8 724+46% 11-98%
2024 q3 4 752+38% 6 050+3% 414-73%
2024 q2 5 126+46% 6 206+6% 198-76%
2024 q1 5 154+22% 6 296+22% 192-68%
2023 q4 4 202+12% 5 988+19% 690-31%
2023 q3 3 438-2% 5 884+16% 1 523+33%
2023 q2 3 506-2% 5 842+22% 826+33%
2023 q1 4 211+6% 5 160+9% 595+8%
2022 q4 3 742-8% 5 042-16% 1 005-41%
2022 q3 3 518-13% 5 080-15% 1 145-33%
2022 q2 3 569-12% 4 794-20% 619-64%
2022 q1 3 976-2% 4 739-21% 553-68%
2021 q4 4 058+21% 5 974+26% 1 703+44%
2021 q3 4 060 5 976 1 703
2021 q2 4 060 5 976 1 703
2021 q1 4 060 5 976 1 703
2020 q4 ( 3258 , 3259 ) 3 361+7% 4 734+27% 1 182+179%
2019 q4 3 140+23% 3 724+17% 424>+200%
2018 q4 2 554+2% 3 186+4% 64<-100%
2017 q4 ( 3262 , 3263 ) 2 496+13% 3 069+13% -263<-100%
2016 q4 2 213 2 726 195-86%
2015 q4 ( 3265 , 3266 )     1 356
2011 q4 ( 3278 , 3279 , 3280 ) 138>+200% 2<-100% 435>+200%
2010 q4 ( 3281 , 3282 , 3283 ) 0 113 755 126 31
2009 q4      
More information for subscribed users:
detailed calculation of
Potential and Created Value,
commodities affecting the company