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General information

Far Eastern Shipping Co P.L.C. is a Russian transportation and logistics company. The Company combines sea, rail and road transportation; and port and inland infrastructure to offer clients integrated solutions for containers, general and project cargo and vehicles.
  • Current market environment: negative. Prices of production are 28.0% lower compared to the last 12 months (LTM)
  • Prices of production are at 5.0% percentile over the past 5 years, adjusted for inflation (are close to minimun)
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield 3.2% (LTM), projected -10.1%
  • Share of USD-denominated sales in revenue of the company (estimate) 20.1%
  • Share price is 112.3% higher than minimum and 56.5% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (3.9x vs
    )
  • The company is overvalued by EV / projected EBITDA multiple compared to target level (
    vs
    )
  • Taking into account the impact of the key rate 20.0% on the change in financial parameters: EBITDA adjustment is -2 189 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is 20 771 mln rub, expected mult is 9.2x, target mult is 4.7x, potential is -59.2%

Key Financials (Download financials)

Ticker: FESH
Share price, RUB:  (-1.8%)53.64
year average price 57.12  


year start price 60.10 2024-07-13

min close price 40.65 2024-12-12

max close price 72.50 2025-02-24

current price 53.64 2025-07-12
Common stocks: 2 951 250 000
Dividend Yield:  0.0%
FCF Yield LTM / expected: 3.2% / -10.1%
EV / LTM EBITDA:3.9x
EV / EBITDA annualized: 2.9x
Production prices change from LTM: -28.0%
EV / projected EBITDA:
Target EV / EBITDA (hist percentile):
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 158 305
Net Debt (m RUB): 33 490
EV (Enterprise Value): 191 795
EBITDA LTM (m RUB): 49 204
Net Income LTM (m RUB): 25 408
EV / LTM EBITDA: 3.9x
Net Debt / LTM EBITDA (if EBITDA > 0): 0.7x
Average daily trading volume for the week, RUB mln: 67
P / E 6.2x
P / E ann-d3.4x
P / B 0.9x
EBITDA margin ann-d 31.0%
Net income margin ann-d 22.2%

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

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