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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 44.4% higher compared to the last 12 months (LTM)
  • Prices of production are at 97.8% percentile over the past 5 years, adjusted for inflation (are close to maximum)
  • Dividend yield for the last twelve months 8.8%
  • Free cash flow yield 13.5% (LTM), projected 18.5%
  • Share of USD-denominated sales in revenue of the company (estimate) ≈ 100.0%
  • Share price is 196.4% higher than minimum and 2.7% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (5.2x 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% on the change in financial parameters: EBITDA adjustment is -44 529 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is 414 833 mln rub, expected mult is 4.9x, target mult is 6.2x, potential is +38.0%

Key Financials (Download financials)

Ticker: PLZL
Share price, RUB:  (-0.6%)14815
year average price 12940  


year start price 10996 2024-01-16

min close price 10728 2024-02-21

max close price 15232 2024-11-05

current price 14815 2025-01-14
Common stocks: 94 625 000
Dividend Yield:  8.8%
FCF Yield LTM / expected: 13.5% / 18.5%
EV / LTM EBITDA: 5.2x
EV / EBITDA annualized: 7.1x
Production prices change from LTM: 44.4%
EV / projected EBITDA:
Target EV / EBITDA (hist percentile):
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 1 401 869
Net Debt (m RUB): 544 258
EV (Enterprise Value): 1 946 127
EBITDA LTM (m RUB): 371 376
Net Income LTM (m RUB): 218 846
EV / LTM EBITDA: 5.2x
Average daily trading volume for the week, RUB mln: 1880
P / E 8.9x
P / B 1.5x

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