Enhanced Investments - Financial Portal

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

Good financial results growth rate 119.4% (average between last period year over year growth for revenue and EBITDA), there is acceleration compared to average historical growth rates (46.9%)
Dividend yield for the last twelve months 2.1%
Free cash flow yield 0.7% (LTM)
Share price is 530.3% higher than minimum and 1.2% lower than maximum for the last 3 years
The company is undervalued by EV / LTM EBITDA multiple compared to target level (18.7x vs
)
Fundamental value created in LTM (estimate)
Taking into account the impact of the key rate 16.0% on the change in financial parameters: EBITDA adjustment is -296 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is 9 962 mln rub, expected mult is 20.6x, target mult is 22.0x, potential is -3.0%

Key Financials (Download financials)

Ticker: POSI

Share price, RUB: (+1.1%)3009.2

year average price 2252

year start price 1694 2023-05-14

min close price 1688 2023-05-22

max close price 3045 2024-05-01

current price 3009 2024-05-12

Common stocks: 66 000 000

Dividend Yield: 2.1%

FCF Yield LTM: 0.7%

EV / LTM EBITDA: 18.7x

EV / EBITDA annualized: 5.1x

Last revenue growth (y/y): 104.7%

Last growth of EBITDA (y/y): 134.1%

Historical revenue growth: 56.9%

Historical growth of EBITDA: 36.8%

Target EV / EBITDA (hist percentile):

Express share price potential:

Fundamental value created in LTM:

EV / LTM EBITDA mutiple calculation

Market Cap (m RUB): 198 607

Net Debt (m RUB): 3 993

EV (Enterprise Value): 202 600

EBITDA LTM (m RUB): 10 854

EV / LTM EBITDA: 18.7x

Average daily trading volume for the week, RUB mln: 320.37

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

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.