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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 30.4% (average between last period year over year growth for revenue and EBITDA), there is slowdown compared to average historical growth rates (66.6%)
  • Dividend yield for the last twelve months 1.7%
  • Free cash flow yield 1.1% (LTM)
  • Share price is 241.8% higher than minimum and 0.8% 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 21% on the change in financial parameters: EBITDA adjustment is -8 851 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is 185 289 mln rub, expected mult is 10.2x, target mult is 10.5x, potential is +2.3%

Key Financials (Download financials)

Ticker: YDEX
Share price, RUB:  (+0.1%)4671
year average price 3934  


year start price 3366 2024-02-27

min close price 3211 2024-11-26

max close price 4709 2025-02-17

current price 4671 2025-02-25
Common stocks: 379 450 000
Dividend Yield:  1.7%
FCF Yield LTM: 1.1%
EV / LTM EBITDA: 10.1x
EV / EBITDA annualized: 8.5x
Last revenue growth (y/y):  36.6%
Last growth of EBITDA (y/y):  24.1%
Historical revenue growth:  45.6%
Historical growth of EBITDA:  87.7%
Target EV / EBITDA (hist percentile):
Express share price potential:
Fundamental value created in LTM:
Fundamental value created in LTM:
 Mult Upside+1.2%
 FCF Creation+1.3%
 Growth+30.4%
 Growth Corr-36.3%
 
 Sum-3.4%
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 1 772 411
Net Debt (m RUB): 129 500
EV (Enterprise Value): 1 901 911
EBITDA LTM (m RUB): 188 572
Net Income LTM (m RUB): -63 508
EV / LTM EBITDA: 10.1x
Average daily trading volume for the week, RUB mln: 5661
P / B 5.6x

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