Enhanced Investments - Financial Portal

General information

Good financial results growth rate 71.9% (average between last period year over year growth for revenue and EBITDA), there is acceleration compared to average historical growth rates (37.8%)
Dividend yield for the last twelve months 0.0%
Free cash flow yield -9.3% (LTM)
Share price is 45.7% higher than minimum and 12.0% lower than maximum for the last 3 years
The company is undervalued by EV / LTM EBITDA multiple compared to target level (10.1x 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 -1 281 mln rub as NetDebt * (expected key rate - 3 years average 0.0%) / 2, expected EBITDA adjusted for key rate increases is 14 586 mln rub, expected mult is 7.9x, target mult is 13.9x, potential is +100.8%

Key Financials (Download financials)

Ticker: PRMD

Share price, RUB: (0.0%)409.25

year average price 407.63

year start price 402.35 2025-02-08

max close price 464.95 2025-02-19

min close price 365.50 2025-04-08

current price 409.25 2026-02-07

Common stocks: 212 500 000

Dividend Yield: 0.0%

FCF Yield LTM: -9.3%

EV / LTM EBITDA:[с учетом прогноза: 7.7x] 10.1x

EV / EBITDA annualized: 11.0x

Last revenue growth (y/y): 70.2%

Last growth of EBITDA (y/y): 73.6%

Historical revenue growth: 39.6%

Historical growth of EBITDA: 36.1%

Target EV / EBITDA (hist percentile):

Express share price potential:

Fundamental value created in LTM:

Потенциал с учетом ускорения/замедления

[с учетом прогноза фин показателей]

	Mult Upside	+62.9%
	FCF Creation	-15.1%
	Growth	+73.7%
	Growth Corr	+17.9%

	Sum	+139.5%

EV / LTM EBITDA mutiple calculation

Market Cap (m RUB): 86 966

Net Debt (m RUB): 25 596

EV (Enterprise Value): 112 562

EBITDA LTM (m RUB): 11 162

Net Income LTM (m RUB): 2 849

EV / LTM EBITDA: 10.1x

Net Debt / LTM EBITDA (if EBITDA > 0): 2.3x

Average daily trading volume for the week, RUB mln: 89

P / E 20.3x

P / E ann-d30.7x

P / B 4.1x

EBITDA margin ann-d 42.4%

Net income margin ann-d 10.9%

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

MSFO data *The values are shown in mln. 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	6 488+37%	3 984+31%	1 740+12%	709+58%	207>+200%	-1 078+107%
2025 q1	6 488+169%	3 984>+200%	1 740<-100%	709<-100%	207>+200%	-1 078+122%
2024 q4	10 775+138%	5 022+40%	2 689+23%	1 435+15%	138>+200%	-739+118%
2024 q3	10 775+138%	5 022+40%	2 689+23%	1 435+15%	138>+200%	-739+118%
2024 q2	4 723+33%	3 037+47%	1 552+26%	447-41%	48-6%	-521+87%
2024 q1 ( 8709 , 8710 )	2 411+6%	1 121+37%	-34+110%	-442+53%	10+8%	-486+145%
2023 q4	4 522+17%	3 577+43%	2 189+55%	1 252+19%	42+192%	-339>+200%
2023 q3	4 522+17%	3 577+43%	2 189+55%	1 252+19%	42+192%	-339>+200%
2023 q2	3 564	2 063	1 236	754	51	-279
2023 q1	2 278	817	-16	-289	9	-199
2022 q4	3 861-40%	2 504-14%	1 412-27%	1 053-28%	14+60%	-95+1%
2022 q3	3 861-40%	2 504-15%	1 412-27%	1 053-28%	14+60%	-95+1%
2021 q4	6 449+169%	2 924+86%	1 941+106%	1 473+112%	9+61%	-94+85%
2021 q3	6 449	2 931	1 941	1 473	9	-94
2020 q4	2 395	1 569	944	695	6	-51

Balance

Implied interest rate for 2025 q2:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (1 078 - 207) * 4 / (20 958 - 336)

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


2025 q2	21 026+75%	57 440+49%	20 958+17%	16.9%	2.08x
2025 q1					1.94x
2024 q4	19 650+51%	53 105+53%	17 118+7%	14.3%	2.15x
2024 q3					3.13x
2024 q2	12 017-8%	38 616+11%	17 954	10.7%	2.86x
2024 q1 ( 8709 , 8710 )	11 640-10%	35 059+1%	17 515	10.9%	2.65x
2023 q4	13 0050%	34 822+22%	16 056+72%	7.4%	2.38x
2023 q3					2.36x
2023 q2	13 005	34 822			2.34x
2023 q1	13 005	34 822			2.32x
2022 q4	13 061+37%	28 518+52%	9 334+105%	3.4%	1.53x
2022 q3					1.38x
2021 q4	9 509+123%	18 709+65%	4 552	7.5%	0.88x
2021 q3					1.17x
2020 q4	4 273	11 326

Cashflow

Q	Operating cashflow	Investing cashflow	Financial cashflow


2025 q2	-371-36%	-777-4%	406-82%
2025 q1	-371-58%	-777+27%	406-74%
2024 q4	782<-100%	-2 299+104%	2 743+147%
2024 q3	782<-100%	-2 299+104%	2 743
2024 q2	-577>+200%	-809-52%	2 310<-100%
2024 q1 ( 8709 , 8710 )	-894<-100%	-613-27%	1 588-53%
2023 q4	-763<-100%	-1 125-31%	1 112-19%
2023 q3	-763<-100%	-1 125-31%
2023 q2	-173	-1 681	-512
2023 q1	508	-840	3 396
2022 q4	740+45%	-1 640+105%	1 367>+200%
2022 q3	740+45%	-1 640+105%	1 367>+200%
2021 q4	511+70%	-799+123%	56-83%
2021 q3	511	-799	56
2020 q4	300	-359	337

RSBU data *The values are shown in mln. 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 q3	9 686+112%	2 814>+200%	-794-43%	-145>+200%	99+39%	-688+93%
2025 q2	12 314+134%	2 029<-100%	-1 755+15%	311<-100%	27-52%	-430+52%
2025 q1 ( 15004 , 15005 )	6 862+172%	1 692>+200%	-496-30%	26-59%	76+40%	-383+76%
2024 q4	13 352+55%	3 806+159%	938>+200%	295<-100%	56-55%	-386+40%
2024 q3	4 577+84%	189<-100%	-1 387+37%	-7<-100%	71-47%	-356+22%
2024 q2	5 274+20%	-66<-100%	-1 529<-100%	-38<-100%	57-60%	-284-1%
2024 q1	2 520-4%	9<-100%	-703-31%	64+63%	54-47%	-217+21%
2023 q4	8 608+87%	1 468+136%	269<-100%	-209<-100%	122+117%	-276+135%
2023 q3	2 487	-346	-1 011	125	133	-292
2023 q2	4 404	816	15	119	142	-285
2023 q1	2 626	-255	-1 015	39	103	-179
2022 q4	4 604	622	-266	165	56	-117

Balance

Implied interest rate for 2025 q3:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (688 - 99) * 4 / (15 760 - 0)

Q	Total equity	Total assets	Net debt


2025 q3	3 783+20%	26 559+34%	15 760+59%
2025 q2	3 928+25%	25 337+36%	11 257+37%
2025 q1 ( 15004 , 15005 )	3 617+13%	23 752+33%	9 894+32%
2024 q4	3 441+10%	24 236+46%	8 689+28%
2024 q3	3 147	19 771	9 931
2024 q2	3 154	18 687	8 202
2024 q1	3 192	17 891	7 483
2023 q4	3 131	16 562	6 777+36%
2023 q3
2023 q2
2023 q1
2022 q4			4 972

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.