Enhanced Investments - Financial Portal

General information

Dividend yield for the last twelve months 25.2%
Free cash flow yield -58.7% (LTM)
Share price is 42.5% higher than minimum and 68.0% lower than maximum for the last 3 years
The company is undervalued by EV / LTM EBITDA multiple compared to target level (4.1x vs
)

Key Financials (Download financials)

Ticker: EUTR

Share price, RUB: (+1.0%)126.45

year average price 122.20

year start price 113.05 2024-11-08

min close price 88.75 2024-12-16

max close price 143.95 2025-09-17

current price 126.45 2025-11-07

Common stocks: 160 000 000

Dividend Yield: 25.2%

FCF Yield LTM: -58.7%

EV / LTM EBITDA:4.1x

EV / EBITDA annualized: 3.9x

Target EV / EBITDA (hist percentile):

EV / LTM EBITDA mutiple calculation

Market Cap (m RUB): 20 232

Net Debt (m RUB): 60 218

EV (Enterprise Value): 80 450

EBITDA LTM (m RUB): 19 762

Net Income LTM (m RUB): 6 542

EV / LTM EBITDA: 4.1x

Net Debt / LTM EBITDA (if EBITDA > 0): 3.0x

Average daily trading volume for the week, RUB mln: 110

P / E 3.1x

P / E ann-d3.1x

P / B 0.6x

EBITDA margin ann-d 9.5%

Net income margin ann-d 3.0%

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

View as Pivot Table Export as Pivot Table (xlsx)

Income

Q	Revenue	Gross profit	Operating income	Net income	PercentProfit	PercentLoss


2025 H1 ( 13091 , 13105 )	107 132+30%	10 623+52%	9 324+53%	3 233+45%	35+131%
2024 H2	103 903+28%	9 530+22%	8 731+20%	3 309-12%	28-9%
2024 H1	82 292+81%	6 996+53%	6 075+63%	2 230+61%	15+8%
2023 H2	81 279+62%	7 809+80%	7 267+95%	3 776+85%	31-74%
2023 H1	45 484>+200%	4 565+128%	3 717+128%	1 382<-100%	14-49%	-1 899+17%
2022 H2 ( 7912 , 7914 , 7915 , 7919 )	50 311+33%	4 335>+200%	3 731>+200%	2 044>+200%	121-72%
2022 H1	14 600	2 000	1 629	-304	28	-1 623
2021 H2	37 923+111%	1 143+35%	809+53%	278+96%	427-24%
2020 H2	17 987	844	528	142	559

Balance

Implied interest rate for 2023 H1:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (1 899 - 14) * 2 / (38 397 - 19)

Q	Total equity	Total assets	Net debt	Implied interest rate	NetDebt / LTM EBITDA


2025 H1 ( 13091 , 13105 )	33 730+18%	118 744+33%	60 218+38%		3.05x
2024 H2	32 646+18%	103 873+22%	46 663+13%		2.82x
2024 H1	28 702+115%	89 249+42%	43 568+13%		2.92x
2023 H2	27 601+131%	84 992+64%	41 180+32%		2.37x
2023 H1	13 324+12%	63 042+22%	38 397	9.8%	3.28x
2022 H2 ( 7912 , 7914 , 7915 , 7919 )	11 942>+200%	51 858+55%	31 145+26%		4.92x
2022 H1	11 942	51 858			7.45x
2021 H2	179<-100%	33 548+28%	24 685		9.19x
2020 H2	-377	26 311

Cashflow

Q	Operating cashflow	Investing cashflow	Financial cashflow


2025 H1 ( 13091 , 13105 )	1 910-83%	-8 593-5%	6 723<-100%
2024 H2	6 843>+200%	-5 380-47%	-1 474<-100%
2024 H1	11 136<-100%	-9 042>+200%	-2 083<-100%
2023 H2	468<-100%	-10 176<-100%	9 768+124%
2023 H1	-2 288-57%	-2 817<-100%	5 022<-100%
2022 H2 ( 7912 , 7914 , 7915 , 7919 )	-4 591<-100%	324<-100%	4 362<-100%
2022 H1	-5 382	7 128	-1 717
2021 H2	1 275>+200%	-667>+200%	-589>+200%
2020 H2	232	-73	-175

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

View as Pivot Table Export as Pivot Table (xlsx)

Income

Q	Revenue	Gross profit	Operating income	Net income	PercentProfit	PercentLoss


2025 q2	54 267+41%	8 363+78%	6 342+121%	2 415+177%	103+3%	-2 904+65%
2025 q1	39 144+27%	5 519+31%	3 502+52%	652+32%	97-4%	-2 299+50%
2024 q4	50 169+30%	6 382+33%	4 197+46%	1 575>+200%	401-4%	-2 026+34%
2024 q3	37 193+31%	5 678+22%	3 651+15%	1 473-15%	0-11%	-1 735+89%
2024 q2	38 454+71%	4 701+12%	2 871+75%	871+43%	100<-100%	-1 758+75%
2024 q1	30 894+75%	4 217+140%	2 311+89%	493+179%	101-7%	-1 529+88%
2023 q4	38 483+76%	4 802+124%	2 883+69%	282-54%	417+75%	-1 513-5%
2023 q3	28 336+70%	4 673+138%	3 164+108%	1 725+49%	0<-100%	-919>+200%
2023 q2	22 475+193%	4 193>+200%	1 641+40%	609-7%	-108>+200%	-1 005>+200%
2023 q1	17 672+154%	1 758+78%	1 223+109%	177+171%	108+159%	-813>+200%
2022 q4	21 824+78%	2 139+123%	1 710+179%	610>+200%	238>+200%	-1 593>+200%
2022 q3	16 671	1 960	1 520	1 155	-14	-95
2022 q2	7 680	1 321	1 172	657	0	-70
2022 q1	6 969	987	586	65	42	-186
2021 q4	12 261	961	613	95	42	-429

Balance

Implied interest rate for 2025 q2:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (2 904 - 103) * 4 / (36 507 - 0)

Q	Total equity	Total assets	Net debt


2025 q2	30 713+15%	106 693+35%	36 507+97%
2025 q1	31 033+9%	98 860+29%	30 417+78%
2024 q4	29 891+10%	92 506+24%	23 604+40%
2024 q3	29 010+92%	82 882+45%	20 077+23%
2024 q2	26 692+99%	78 902+46%	18 532+15%
2024 q1	28 596+124%	76 828+57%	17 070+39%
2023 q4	27 263+116%	74 828+65%	16 812+103%
2023 q3	15 107+20%	57 184+26%	16 367+98%
2023 q2	13 382+6%	54 167+20%	16 162+95%
2023 q1	12 773+1%	48 880+8%	12 281+48%
2022 q4	12 596>+200%	45 249+53%	8 272-59%
2022 q3	12 596	45 249	8 272
2022 q2	12 596	45 249	8 272
2022 q1	12 596	45 249	8 272
2021 q4	107	29 563	20 422

More information for subscribed users:
detailed calculation of
Potential and Created Value,
commodities affecting the company

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.