Financials Aeroflot

Equities

AFLT

RU0009062285

Airlines

End-of-day quote Moscow Micex - RTS 06:00:00 2022-07-07 pm EDT 5-day change 1st Jan Change
27.6 RUB -0.65% Intraday chart for Aeroflot -.--% -.--%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 107,534 110,000 170,598 141,310 108,412 108,412
Enterprise Value (EV) 1 174,096 653,221 823,806 842,897 611,363 738,537
P/E ratio 16.8 x 10.3 x -0.81 x -4.14 x -1.71 x -12.2 x
Yield 2.66% - - - - -
Capitalization / Revenue 0.18 x 0.16 x 0.56 x 0.29 x 0.26 x 0.18 x
EV / Revenue 0.28 x 0.96 x 2.73 x 1.71 x 1.48 x 1.21 x
EV / EBITDA 5.43 x 10.6 x -8.95 x -547 x -79 x 3.73 x
EV / FCF 20.3 x 15.7 x 350 x 9.5 x 12.3 x 5.07 x
FCF Yield 4.93% 6.38% 0.29% 10.5% 8.12% 19.7%
Price to Book 2.48 x -65 x -1.58 x -1.02 x -1.19 x -1.27 x
Nbr of stocks (in thousands) 1,062,799 1,062,799 2,396,718 2,396,718 3,927,953 3,927,953
Reference price 2 101.2 103.5 71.18 58.96 27.60 27.60
Announcement Date 3/5/19 3/3/20 3/10/21 3/2/22 2/7/24 3/5/24
1RUB in Million2RUB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 611,570 677,881 302,182 491,733 413,316 612,194
EBITDA 1 32,036 61,757 -92,004 -1,540 -7,739 198,132
EBIT 1 19,618 57,938 -95,706 -4,757 -13,081 186,798
Operating Margin 3.21% 8.55% -31.67% -0.97% -3.16% 30.51%
Earnings before Tax (EBT) 1 9,934 13,803 -153,487 -42,494 -59,991 -11,350
Net income 1 6,589 10,649 -117,613 -34,106 -50,361 -8,862
Net margin 1.08% 1.57% -38.92% -6.94% -12.18% -1.45%
EPS 2 6.011 10.02 -87.44 -14.23 -16.15 -2.256
Free Cash Flow 1 8,579 41,691 2,355 88,750 49,672 145,542
FCF margin 1.4% 6.15% 0.78% 18.05% 12.02% 23.77%
FCF Conversion (EBITDA) 26.78% 67.51% - - - 73.46%
FCF Conversion (Net income) 130.2% 391.5% - - - -
Dividend per Share 2 2.688 - - - - -
Announcement Date 3/5/19 3/3/20 3/10/21 3/2/22 2/7/24 3/5/24
1RUB in Million2RUB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 66,562 543,221 653,208 701,587 502,951 630,125
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.078 x 8.796 x -7.1 x -455.6 x -64.99 x 3.18 x
Free Cash Flow 1 8,579 41,691 2,355 88,750 49,672 145,542
ROE (net income / shareholders' equity) 10.1% -45.3% 217% 26.3% 41% 14.2%
ROA (Net income/ Total Assets) 3.83% 3.81% -6.14% -0.28% -0.79% 11.3%
Assets 1 171,951 279,545 1,916,614 12,193,779 6,365,142 -78,607
Book Value Per Share 2 40.70 -1.590 -45.00 -57.80 -23.30 -21.80
Cash Flow per Share 2 22.30 12.10 37.10 31.00 13.20 21.20
Capex 1 27,019 55,373 24,070 23,611 7,746 99,462
Capex / Sales 4.42% 8.17% 7.97% 4.8% 1.87% 16.25%
Announcement Date 3/5/19 3/3/20 3/10/21 3/2/22 2/7/24 3/5/24
1RUB in Million2RUB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise