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General information

Largest gold producer with solid corporate governance and annually increasing gold output. The richest (in terms of grade) Olimpiada deposit is showing decreasing output recently, which can lead to increase of cash cost per ounce
  • Current market environment: positive. Prices of production are 22.2% higher compared to the last 12 months (LTM)
  • Prices of production are at 99.0% percentile over the past 5 years, adjusted for inflation (are close to maximum)
  • Dividend yield for the last twelve months 11.7%
  • Free cash flow yield 13.6% (LTM), projected 10.3%
  • Share of USD-denominated sales in revenue of the company (estimate) ≈ 100.0%
  • Share price is 246.5% higher than minimum and 12.1% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (4.6x vs
    )
  • The company is undervalued by EV / projected EBITDA multiple compared to target level (
    vs
    )
  • Taking into account the impact of the key rate 21.0% on the change in financial parameters: EBITDA adjustment is -30 400 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is 399 641 mln rub, expected mult is 5.2x, target mult is 5.8x, potential is +15.3%

Key Financials (Download financials)

Ticker: PLZL
Share price, RUB:  (+1.2%)1732
year average price 1481.28  


year start price 1363.50 2024-05-06

min close price 1133.30 2024-06-19

max close price 1970.25 2025-03-04

current price 1732.00 2025-05-05
Common stocks: 946 250 000
Dividend Yield:  11.7%
FCF Yield LTM / expected: 13.6% / 10.3%
EV / LTM EBITDA:4.6x
EV / EBITDA annualized: 3.6x
Production prices change from LTM: 22.2%
EV / projected EBITDA:
Target EV / EBITDA (hist percentile):
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 1 638 905
Net Debt (m RUB): 628 679
EV (Enterprise Value): 2 267 584
EBITDA LTM (m RUB): 496 283
Net Income LTM (m RUB): 295 920
EV / LTM EBITDA: 4.6x
Net Debt / LTM EBITDA (if EBITDA > 0): 1.3x
Average daily trading volume for the week, RUB mln: 1353
P / E 5.5x
P / E ann-d5.4x
P / B 1.4x
EBITDA margin ann-d 71.1%
Net income margin ann-d 34.2%

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

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