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General information

  • Good financial results growth rate 50.3% (average between last period year over year growth for revenue and EBITDA), there is acceleration compared to average historical growth rates (36.1%)
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield -5.3% (LTM)
  • Share price is 44.9% higher than minimum and 12.5% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (9.8x vs
    )
  • Fundamental value created in LTM (estimate)
  • Taking into account the impact of the key rate 16.5% on the change in financial parameters: EBITDA adjustment is -1 085 mln rub as NetDebt * (expected key rate - 3 years average 0.0%) / 2, expected EBITDA adjusted for key rate increases is 10 642 mln rub, expected mult is 9.8x, target mult is 14.4x, potential is +60.4%

Key Financials (Download financials)

Ticker: PRMD
Share price, RUB:  (+0.2%)406.95
year average price 402.79  


year start price 299.15 2024-12-20

min close price 292.50 2024-12-24

max close price 464.95 2025-02-19

current price 407.00 2025-12-19
Common stocks: 200 000 000

Dividend Yield:  0.0%
FCF Yield LTM: -5.3%
EV / LTM EBITDA:9.8x
EV / EBITDA annualized: 13.5x
Last revenue growth (y/y):  70.2%
Last growth of EBITDA (y/y):  30.5%
Historical revenue growth:  39.6%
Historical growth of EBITDA:  32.5%
Target EV / EBITDA (hist percentile):
Express share price potential:
Fundamental value created in LTM:
Fundamental value created in LTM:
 Mult Upside+31.5%
 FCF Creation-5.3%
 Growth+50.3%
 Growth Corr+7.1%
 
 Sum+83.6%
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 81 390
Net Debt (m RUB): 21 888
EV (Enterprise Value): 103 278
EBITDA LTM (m RUB): 10 528
Net Income LTM (m RUB): 2 849
EV / LTM EBITDA: 9.8x
Net Debt / LTM EBITDA (if EBITDA > 0): 2.1x
Average daily trading volume for the week, RUB mln: 36
P / E 19.0x
P / E ann-d28.7x
P / B 3.9x
EBITDA margin ann-d 31.9%
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% 2.59x
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