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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 3.3%
  • Free cash flow yield -178.1% (LTM)
  • Share price is 51.1% higher than minimum and 47.9% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (5.6x vs
    )

Key Financials (Download financials)

Ticker: AFKS
Share price, RUB:  (+1.2%)15.526
year average price 16.05  


year start price 22.83 2024-07-04

max close price 23.56 2024-07-24

min close price 11.72 2024-12-16

current price 15.49 2025-07-03
Common stocks: 9 650 000 000
Dividend Yield:  3.3%
FCF Yield LTM: -178.1%
EV / LTM EBITDA:5.6x
EV / EBITDA annualized: 5.7x
Target EV / EBITDA (hist percentile):
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 149 826
Net Debt (m RUB): 1 779 981
EV (Enterprise Value): 1 929 807
EBITDA LTM (m RUB): 344 600
Net Income LTM (m RUB): -11 013
EV / LTM EBITDA: 5.6x
Net Debt / LTM EBITDA (if EBITDA > 0): 5.2x
Average daily trading volume for the week, RUB mln: 1001
P / B 1.6x
EBITDA margin ann-d 28.5%
Net income margin ann-d -0.8%

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 q4)

Sistema PJSC FC has stakes in the following companies

Company Ticker Share Cap Owned EBITDA LTM Net Debt
Segezha Group SGZH 72.0% 121 127 87 211 10 010 161 330
MTS MTSS 50.3% 394 208 198 287 214 991 477 079
OZON OZON 32.4% 836 391 270 991    
Etalon ETLN 50.1% 21 473 10 758 24 632 173 081
Element ELMT 42.9% 65 166 27 984    
Influence at AFKS 595 231 249 633 811 490
mln RUB
 
         Net Debt AFKS 1 703 381
         Net Debt in listed companies 811 490
      Net Debt in not listed companies 891 891
 
         EBITDA LTM AFKS 330 000
         EBITDA LTM in listed companies 249 633
         EBITDA LTM in not listed companies 80 367
      EV evaluation in not listed companies (x5) 401 835
 
      Binnopharm Cap revaluation 41 600
 
   Cap in not listed companies -448 456
   Cap in listed companies 595 231
 
AFKS Cap evaluation through assets 146 775
AFKS Cap 149 816
 
Current price premium 2.1%
Historical price discount 7.5%
 
Growth potential (0.925 / 1.021 - 1) -9.3%
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chart technology by TradingView
More information for subscribed users:
detailed calculation of
Potential and Created Value,
commodities affecting the company