Enhanced Investments - Financial Portal

General information

Bad financial results growth rate -8.5% (average between last period year over year growth for revenue and EBITDA), there is slowdown compared to average historical growth rates (1.6%)
Dividend yield for the last twelve months 25.8%
Free cash flow yield 3.6% (LTM)
Share price is 3.9% higher than minimum and 69.5% lower than maximum for the last 3 years
The company is undervalued by EV / LTM EBITDA multiple compared to target level (3.5x vs
)
Fundamental value created in LTM (estimate)

Key Financials (Download financials)

Ticker: FIXP

Share price, RUB: (0.0%)137.1

year average price 163.69

year start price 191.20 2024-09-18

max close price 222.00 2024-12-05

min close price 132.00 2025-06-17

current price 137.10 2025-09-17

Common stocks: 850 000 000

Dividend Yield: 25.8%

FCF Yield LTM: 3.6%

EV / LTM EBITDA:3.5x

EV / EBITDA annualized: 5.0x

Last revenue growth (y/y): 4.1%

Last growth of EBITDA (y/y): -21.0%

Historical revenue growth: 7.9%

Historical growth of EBITDA: -4.8%

Target EV / EBITDA (hist percentile):

Fundamental value created in LTM:

Потенциал с учетом ускорения/замедления

	Mult Upside	+65.6%
	FCF Creation	+3.6%
	Growth	-8.5%
	Growth Corr	-10.0%

	Sum	+50.7%

EV / LTM EBITDA mutiple calculation

Market Cap (m RUB): 116 535

Net Debt (m RUB): 4 975

EV (Enterprise Value): 121 510

EBITDA LTM (m RUB): 35 109

Net Income LTM (m RUB): 16 428

EV / LTM EBITDA: 3.5x

Net Debt / LTM EBITDA (if EBITDA > 0): 0.1x

P / E 7.1x

P / E ann-d14.9x

P / B 2.2x

EBITDA margin ann-d 7.9%

Net income margin ann-d 2.6%

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 RUB 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	148 216+5%	46 307+5%	7 325-37%	3 900-56%	32-98%	-2 769+40%
2024 H2	151 920+5%	50 653+12%	17 885+9%	12 528-16%	1 747+62%	-2 763+95%
2024 H1	141 795	44 143	11 545	8 869	1 757	-1 972
2023 H2	145 201+4%	45 243+4%	16 425-14%	14 927+52%	1 079>+200%	-1 416-12%
2022 H2	139 848+17%	43 429+26%	19 003+30%	9 805-3%	132>+200%	-1 614+95%
2021 H2	119 532	34 486	14 612	10 137	37	-826

Balance

Implied interest rate for 2025 H1:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (2 769 - 32) * 2 / (27 004 - 0)

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


2025 H1	53 531	123 469	27 004	20.3%	0.14x
2024 H2	49 679-25%	123 559-8%	25 402<-100%	8.0%	0.18x
2024 H1					-0.51x
2023 H2	65 990+80%	134 876+15%	-3 841<-100%		-0.56x
2022 H2	36 682	117 480	13 705	21.6%	-0.04x
2021 H2					0.37x

Cashflow

Q	Operating cashflow	Investing cashflow	Financial cashflow


2025 H1	17 413-17%	-3 747+98%	8 369-37%
2024 H2	8 562-51%	-5 307+118%	4 300-72%
2024 H1	20 918	-1 888	13 300
2023 H2	17 584-35%	-2 436-55%	15 400+5%
2022 H2	26 930+24%	-5 358+117%	14 730+16%
2021 H2	21 681	-2 473	12 750

RSBU data *The values are shown in mln RUB 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	0	-15	-12	-1
2025 q1	00%	-1	-1	0
2024 q4
2024 q1	0

Balance

Implied interest rate for 2025 q2:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (1 - 0) * 4 / (19 - 0)

Q	Total equity	Total assets	Net debt


2025 q2	172 202	172 222	19
2025 q1	172 214	172 215	1
2024 q4
2024 q1

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.