Try our mobile app

General information

Positive Technologies is a leading developer of information security solutions. In Russia, Positive Technologies is the first and only public cybersecurity company on the Moscow Exchange. The company is actively growing, while being the beneficiary of leaving Russia by foreign developers
  • Pretty weak financial results growth rate 3.8% (average between last period year over year growth for revenue and EBITDA), there is slowdown compared to average historical growth rates (27.6%)
  • Dividend yield for the last twelve months 7.5%
  • Free cash flow yield -10.0% (LTM)
  • Share price is 55.3% higher than minimum and 57.9% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (16.4x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials (Download financials)

Ticker: POSI
Share price, RUB:  (+0.5%)1320
year average price 1980.42  


year start price 3049.80 2024-07-04

max close price 3080.60 2024-07-19

min close price 1101.00 2025-06-16

current price 1314.00 2025-07-03
Common stocks: 66 000 000
Dividend Yield:  7.5%
FCF Yield LTM: -10.0%
EV / LTM EBITDA:16.4x
Target EV / EBITDA (hist percentile):
Fundamental value created in LTM:
Fundamental value created in LTM:
 Mult Upside+25.5%
 FCF Creation-10.0%
 Growth+3.8%
 Growth Corr-23.8%
 
 Sum-4.5%
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 87 120
Net Debt (m RUB): 12 359
EV (Enterprise Value): 99 479
EBITDA LTM (m RUB): 6 080
Net Income LTM (m RUB): 2 381
EV / LTM EBITDA: 16.4x
Net Debt / LTM EBITDA (if EBITDA > 0): 2.0x
Average daily trading volume for the week, RUB mln: 1060
P / E 36.6x
P / B 6.1x
EBITDA margin ann-d -67.0%
Net income margin ann-d -118.4%

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