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General information

Sistema PJSC FC is a publicly-listed investment company incorporated in Russia. The Company owns a diverse set of public and private companies which it holds in two distinct portfolios: Core assets and Developing assets.
  • Dividend yield for the last twelve months 3.5%
  • Free cash flow yield -183.5% (LTM)
  • Share price is 45.6% higher than minimum and 49.8% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (6.0x vs
    )

Key Financials (Download financials)

Ticker: AFKS
Share price, RUB:  (-0.4%)14.96
year average price 19.11  


year start price 17.02 2024-01-17

max close price 29.83 2024-05-21

min close price 11.72 2024-12-16

current price 14.94 2025-01-15
Common stocks: 9 650 000 000
Dividend Yield:  3.5%
FCF Yield LTM: -183.5%
EV / LTM EBITDA: 6.0x
EV / EBITDA annualized: 5.3x
Target EV / EBITDA (hist percentile):
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 144 364
Net Debt (m RUB): 1 669 685
EV (Enterprise Value): 1 814 049
EBITDA LTM (m RUB): 300 300
Net Income LTM (m RUB): -6 223
EV / LTM EBITDA: 6.0x
Average daily trading volume for the week, RUB mln: 1797
P / E 2.6x
P / B 1.4x

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

Valuation through assets (as of the end of 2024 q2)

Sistema PJSC FC has stakes in the following companies

Company Ticker Share Cap Owned EBITDA LTM Net Debt
Segezha Group SGZH 72.0% 20 130 14 494 10 984 155 127
MTS MTSS 50.3% 365 969 184 082 207 728 423 951
OZON OZON 32.4% 560 351 181 554    
Etalon ETLN 50.1% 20 622 10 331 18 831 146 153
Element ELMT 42.9% 69 913 30 022    
Influence at AFKS 420 484 237 543 725 231
mln RUB
 
         Net Debt AFKS 1 525 285
         Net Debt in listed companies 725 231
      Net Debt in not listed companies 800 054
 
         EBITDA LTM AFKS 290 300
         EBITDA LTM in listed companies 237 543
         EBITDA LTM in not listed companies 52 757
      EV evaluation in not listed companies (x5) 263 785
 
      Binnopharm Cap revaluation 41 600
 
   Cap in not listed companies, min -300k -494 669
   Cap in listed companies 420 484
 
AFKS Cap evaluation through assets 120 484
AFKS Cap 144 123
 
Current price premium 19.6%
Historical price premium 7.5%
 
Growth potential (1.075 / 1.196 - 1) -10.1%
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chart technology by TradingView
More information for subscribed users:
detailed calculation of
Potential and Created Value,
commodities affecting the company