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General information

Technological leader being #1 search engine in Russia, #1 in taxi business, as well operating classifieds, music, carsharing, food delivery businesses
  • Good financial results growth rate 53.9% (average between last period year over year growth for revenue and EBITDA), there is slowdown compared to average historical growth rates (64.6%)
  • Dividend yield for the last twelve months 2.0%
  • Free cash flow yield -3.0% (LTM)
  • Share price is 195.8% higher than minimum and 34.8% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (9.9x vs
    )
  • Fundamental value created in LTM (estimate)
  • Taking into account the impact of the key rate 19% on the change in financial parameters: EBITDA adjustment is -9 846 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is 138 941 mln rub, expected mult is 12.2x, target mult is 12.3x, potential is +0.9%

Key Financials (Download financials)

Ticker: YDEX
Share price, RUB:  (+1.9%)4043
year average price 3532  


year start price 2678 2023-10-23

min close price 2158 2023-12-14

max close price 4490 2024-05-14

current price 4043 2024-10-21
Common stocks: 379 450 000
Dividend Yield:  2.0%
FCF Yield LTM: -3.0%
EV / LTM EBITDA: 9.9x
EV / EBITDA annualized: 8.5x
Last revenue growth (y/y):  26.9%
Last growth of EBITDA (y/y):  80.8%
Historical revenue growth:  46.4%
Historical growth of EBITDA:  82.8%
Target EV / EBITDA (hist percentile):
Express share price potential:
Fundamental value created in LTM:
Fundamental value created in LTM:
 Mult Upside+21.4%
 FCF Creation-3.5%
 Growth+53.9%
 Growth Corr-10.8%
 
 Sum+61.0%
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 1 534 116
Net Debt (m RUB): 172 970
EV (Enterprise Value): 1 707 086
EBITDA LTM (m RUB): 172 500
EV / LTM EBITDA: 9.9x
Average daily trading volume for the week, RUB mln: 2742

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